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Economics

Collection by Toluwalope | Gemanalyst

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Notes and tutorials on economics, from demand and supply to elasticity of demand, inflation, quantitative easing and so much more.

Toluwalope | Gemanalyst
As you can see from the above, Nigeria’s minimum wage is nothing compared to that of countries in Europe. The lowest figure for the past three years from the above is 174 euros (Bulgaria in 2014), which is 5.5x that of Nigeria while the highest figure for the past three years is 1922.96 (Luxembourg in 2015 and 2016) 60x that of Nigeria. Minimum Wage, Luxembourg, Bulgaria, Economics, Countries, Europe, Facts, Finance

Minimum Wage Europe

As you can see from the above, Nigeria’s minimum wage is nothing compared to that of countries in Europe. The lowest figure for the past three years from the above is 174 euros (Bulgaria in 2014), which is 5.5x that of Nigeria while the highest figure for the past three years is 1922.96 (Luxembourg in 2015 and 2016) 60x that of Nigeria.

A price ceiling is an upper limit on the price which a seller can charge while a price floor is a minimum price buyers can offer for a good or service or resource. Economics, Floors, Ceiling, Home Tiles, Flats, Ceilings, Finance, Floor, Trey Ceiling

Price Ceiling and Price Floor

Price ceiling and Price floors

Elasticity of demand can assist management in making pricing decisions. We are going to look at some pricing strategies management can adopt while considering the price elasticity of their products. Economics, Management, How To Make, Products, Finance, Gadget

Price, Income & Cross Elasticity Of Demand

Elasticity of demand can assist management in making pricing decisions. We are going to look at some pricing strategies management can adopt while considering the price elasticity of their products.

Causes, Types and Costs of Inflation to the economy Goods And Services, Economics, Type, Finance

Causes, Types and Costs of Inflation

Causes, Types and Costs of Inflation to the economy

Quantitative easing is an unconventional monetary policy used by a central bank to introduce new money to the current money supply. The usual process is for the central bank to purchase securities such as government bonds. Corporate Bonds, Commercial Bank, Monetary Policy, Central Bank, Financial Institutions, Economics, It Works, Money

How Quantitative Easing works

Quantitative easing is an unconventional monetary policy used by a central bank to introduce new money to the current money supply. The usual process is for the central bank to purchase securities such as government bonds.

Multinational Enterprises and their type of Investments Economics, The Outsiders, Investing, Country, Products, Rural Area, Finance, Country Music, Gadget

Multinational Enterprises and their type of Investments

A multinational company or enterprise is one which owns or controls production facilities or subsidiaries or service facilities outside the country in which it is based. A company does not become “multinational” simply by virtue of exporting or importing products: ownership and control of facilities abroad is involved.

There are 3 methods or approaches to the computation of national income. Output or product method / approach, Income method / approach, expenditure method / approach. Economics, Finance

National Income

There are 3 methods or approaches to the computation of national income. They are; Output or product method / approach, Income method / approach, expenditure method / approach.