Your informer on business, economies and government play
Your informer on business, economies and government play
Purchasing power parity (PPP) is an economic theory that states that the exchange rate between two countries is equal to the ratio of the prices of a basket of goods in each country. In other words, Purchasing power parity suggests…
E- commerce definition Electronic commerce is defined as the use of computer networks to complete business transactions. E-commerce is the use of computer applications communicating over networks to enable buyers and sellers to trade. Examples includes amazon.com, jumia.co.ke, mydawa.co.ke, …
A planned economy is an economic system in the decisions regarding investment and production are planned by a central authority usually a government body. A planned economy is also referred to as command economy Advantages of Planned Economic system…
President William Ruto issued a directive on May 3 ,2023 that sought to discontinue the differentiated unit cost model of funding by aligning placement, government scholarship and loans to the needs of students and their program costs. This news led…
Sharia compliant banking is a fast growing segment of the financial sector in Kenya. Islamic finance is a unique financial system operating in accordance with the principles of Sharia Law. Much like conventional financial systems, it encompasses banks, capital markets,…
Externalities are costs or benefits of market transactions that are not reflected in the market price and that affect individuals who are not participating in the market. Solutions to externalities include the following The government should require companies to internalize…
An externality is a cost or benefit of an economic activity experienced by an unrelated third party. Externalities are costs or benefits of market transactions that are not reflected in the market price and that affect individuals who are not…
A business plan is a document that is prepared by an entrepreneur for the purpose of defining and explaining the business activity, its requirements in terms of money, labor and equipment as well as the goals the business intends to…
Pure perfect competition is a market structure characterized by a large number of buyers and sellers of a homogenous products Each buyer and seller have no influence over the market price and output Information is available freely to all market…
The Theory In explaining Adam Smith’s theory of economic development, the concepts of Laissez-faire, division of labour, and capital accumulation are important. Laissez –faire Adam Smith’s theory is based on the principle of laissez-faire, where the economy is free from…