Month: January 2022

A useful insight into the methodology applied in economics can be gained by distinguishing between positive and normative economics. This enables one to appreciate the limitations and scope of economics. Positive economics is concerned with what is, or how the Read More …

The main branches of economics are: Microeconomics which is the study of the smallest economic decisions making units of the society. Microeconomics theory is a branch of economics that studies the behavior of individual decision making units such as consumers, Read More …

Economics essentially studies the way in which mankind provides for the material well being. Its thus concerned with the way people apply their knowledge, skills and effort to the gift of nature in order to satisfy human their material wants. Read More …

Ethics is the study of how our decisions affect other people. It is a study of people habits and their effect on others. It is a set of moral values or principles used by the organizations to steer the conduct Read More …

Definition of a stock market It is a market where securities are bought and sold. Securities refer to shares, debentures, treasury bonds, treasury bills etc. Stock refers to capital detained by a company through the issue of shares. Bonds are Read More …

Methods of Raising Finance A company can raise finance in the following ways: From finance classified according to the relationship to the party giving the finance, e.g. 1) Equity finance- This is finance provided by real owners of the business Read More …