MEANING OF CO-OPERATIVE ACCOUNTING AND AUDIT

Introduction This Co-op Accounting and Audit Toolkit provides a simple method for identifying, collecting, recording, analysing and reporting on performance for small scale co-operatives. Co-operatives are owned and controlled by their members and members are individuals, families and other co-operatives Read More …

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FORMATION OF FUTURE EXPECTATION

9.0 Introduction The expectation of consumers, banks and other businesses have pronounced effects on supply and demand in financial markets. If inflationary expectations increase, the supply of and demand for loanable funds shift, and higher interest rates result. Also bank’s Read More …

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THE IS-LM MODEL AND AGGREGATE DEMAND NOTES

8.0 Introduction The IS-LM model is an aggregate demand model which gives best interpretation of Keynesian short-run macroeconomic model. The model takes price level as exogenous variable and shows what determines national income. IS-curve defines equilibrium in the goods market. Read More …

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AGGREGATE DEMAND (AD) AND AGGREGATE SUPPLY (AD)

6.1 The model of aggregate supply and aggregate demand The amount of output depends on the economy’s ability to supply goods and services, which in turn depends on the supplies of capital and labour and on the available production technology. Read More …

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