Nigerian Queries

A budget may be defined as a financial statement of the total estimated revenue and the proposed expenditure of a government in a given period, usually a year.  Types of Budget  1. Balanced Budget ...

Sources of Government Borrowing  As government debts were divided into external and internal debts, sources of Government borrowing is also divided into external and internal. External sources are loans that come from foreign countries...

National or public debt refers to the sum total of debts owed by the government of a country both internally and externally. The debts may or may not be with interest. Loans or borrowings...

Public Finance deals with the financial activities of government concerning revenue, expenditure and debt operations and their effects on the economy. It tries to analyse the impacts of these financial activities of government on...

Unemployment in Nigeria is the situation whereby some people who fall within the ages of the working population, capable and willing to work, are not able to due to certain conditions. The problem of...

The various basic concepts of Economics include: Wants Wants simply means the desire or need to own goods or services that give satisfaction. Human beings want or need many things at a particular time....

Economics like other social science subjects has no specific definition. As there are many Economists, so there are many definitions of the subject-Economics. These definitions depend greatly on the perception of the definer of...

Rural-Urban Migration is the movement of people from the countryside or villages to cities or towns. Rural-urban migration is a reaction to some of the prevailing conditions in the rural areas. The propensity to...