Category Economy

Role of the government

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…

Sources of Market Failure

The main aim of an economy is to create wealth and welfare for the society given the available resources, these resources are scarce and there are multiple users over them due to unlimited human wants A market facilitates exchange and…

8 Reasons for Growth in Public Expenditure

Hello Okoth Douglas here, reporting from Machakos Town Public finance is related to the financing of the state activities and a narrow definition of the public finance would try to say that public finance is a subject which discusses the…

6 Roles of the Government In the Economy

Hello Okoth Douglas here, reporting from Machakos Town, The idea of government is a concern for every society’s existence. What is government? Government is simply defined as the act of governing, ruling and controlling. According to the Oxford English dictionary…

External Sources of Finance For a Business

External sources of finance are from sources that are outside the business. External sources of finance can either be: A)Ownership capital B)Non-ownership capital Introduction A) Ownership Capital Ownership capital is the money invested in the business by the shareholders themselves. It…

THE CRAZE OF RECESSION

Recession. A word coming out of almost everyone’s lips, appearing on every newspaper and tabloid and tweeted all around the world. We are in the middle of an economic event and everybody wants to get involved in the conversation–myself included.…