Reasons For The Imposition of Taxes by the Government and the Economic Effects of...
Reasons For The Imposition of taxes by The government
There are various reasons for the imposition of taxes by the government and we shall...
Sources of Government Borrowing and Reasons Why Government Borrows
Sources of Government BorrowingÂ
As government debts were divided into external and internal debts, sources of Government borrowing is also divided into external and internal....
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...
Basic Economic Problems of Society Explained
Every society irrespective of the type of economic system adopted; whether capitalism or socialism, is faced with the following basic fundamental economic problems:
What To...
Indirect Taxes: Types, Advantages and Disadvantages
Indirect Taxes are taxes levied on locally made, imported and exported goods and services.
These taxes imposed on goods and services are layer on transferred...
Taxation: Features, Principles of Good Tax System
Tax may be defined as a compulsory contribution contribution imposed by a government authority on goods, individuals, corporate bodies, etc, irrespective of the exact...
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...
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...
Wages: Definition, Types, Wage Determination
Wages are rewards paid for the services of labour. That is to say, the amount paid to labour for the services it rendered during...
Top 10 Major Economic Problems Facing Nigeria (2022)
From underdevelopment to lack of proper infrastructures, these and many others are the significant economic problems facing Nigeria as a country. With the country...
