Budget: Types, Revenue and Expenditure
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 ...
Category: Economics
Sources of Government Borrowing and Reasons Why Government Borrows
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 Debt: Meaning and Types
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: Objectives and Functions
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: Causes & Solutions
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...
Basic Concepts of Economics Explained
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: Meaning and Various Definitions of Economics
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: Causes, Consequences and Solutions
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...
Taxation in the United States of America Explained
The United States has a progressive tax system, which means that tax rates will definitely increase as income increases. If you’re planning a longer trip to the US, you should be familiar with the...
Types of Markets in Nigeria: Full List
Several characteristics can be used to describe the Nigerian market. Markets are referred to as souks, bazaars, shops, arcades, fairs, and flea markets. It is, by definition, an event when people get together to...
Types of State Government Taxes in Nigeria
This page gives you pertinent information regarding the various state tax systems in Nigeria. However, every country’s progress and citizens’ satisfaction are largely dependent on how much money the government can raise. This will...
Full List of Income Exempted From Tax in Nigeria
Tax exemption refers to a legal amount that can be deducted from income or profit that would otherwise be taxed. There are good number of things that are explicitly excluded from tax in Nigeria....
Full List of Taxes in Nigeria
In this article, we will look at the comprehensive list of taxes that apply in Nigeria. Taxes are mandatory monetary levies imposed by a government organization on an individual or a legally established corporation...
Top 10 Major Economic Problems Facing Nigeria (2026)
From underdevelopment to lack of proper infrastructures, these and many others are the significant economic problems facing Nigeria as a country. With the country having the largest economy in the African continent, the image...
Bank Account: Meaning and Types
A bank account is the arrangement made with a bank which enables one to deposit and withdraw money and in some cases, be paid some interest. There are basically three types of bank accounts...