Month: January 2022

It is useful to study economics for the following reasons Economics provides the underlying principles of optimal resource allocation and thus enables individuals and firms to make economically rational decisions. Thus for example the preparation of budgets involves knowledge of 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 …

Social responsibility arises from the social power which vests upon society and society has social charters. Business shall operate as a two way open system with open receipts of inputs from society and open disclosure of its operations to the 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 …