Your informer on business, economies and government play
Your informer on business, economies and government play
By per capita income we mean: the value of goods and services received by the average man When using per capita income to compare standard of living over time we may experience the following problems : The composition of output…
Some economists ( Harvey Leibenstein, Rostow, Baran, Buchanan) and many others favour the use of per capita output as an index of economic development. They believe that economic growth is meaningless if it does not improve the standard of living…
The Kenya Accountants and Secretaries National Examination Board (KASNEB) Foundation has partnered with the Higher Education Loans Board (HELB) to set up the KASNEB Foundation and Bursary Scheme to offer financing to students pursuing KASNEB qualifications in various accredited universities…
Classical school of thought rose after the mercantilist doctrine and were famous for attacking and successfully refuting it. Classical economics is really the start of economics as we know it. They did not have a macroeconomic theory as such, but…
Economic Growth: The term economic growth refers to the quantitative aspect of economic progress of a country. According to Paul Baron, “Economic growth may be defined as an increase over time in per capita output of material goods.” In other…
Did you know that KASNEB professional qualifications are ranked the same level with a bachelor’s degree? Yes, your Certified Public Accountants (CPA), Certified Secretaries (CS), Certified Investment and Financial Analysts (CIFA) and Certified Credit Professionals (CCP) are placed at Kenya…
Public choice theory is also known as political economy It involves the use of economic analysis to analyses various political phenomenon such as voters, party behavior and actions of the government Political economy involves the study of non-market decision making…
In Kenya the government has been supporting business startups and business development growth and development since it attained self-rule. The government of Kenya has supported the growth of businesses through youth enterprise fund, women enterprise fund, Kenya industrial estates (KIE),…
Government failure is also known as non-market failure. Government intervention causes a more inefficient allocation of goods and resources that would not occur without that intervention Government failure occurs when its intervention in allocation of resources is not pareto optimal,…
The major role of the government is to provide legal framework within which all economic transactions can occur The roles of the government include ; The government produces public goods and services and affects production decision of private firms through…