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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...

Forms of Tax: Advantages and Disadvantages

There are two major forms of tax. Direct and Indirect taxes. Direct tax is collected directly from individuals and profits of companies. The profit...

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...

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...

The Nigerian Tax Law: All You Need Know

Collecting taxes are one of the ways government generates revenue for carrying out it assignments. People in the developed world know the importance of...

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...

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...

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...

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...

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...
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