Category Economy

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.…

Cash as a Means of Payment

Means of payment are the methods or ways the buyer may use to settle debts arising from a business transaction. There are various means of payment cash being one of them. Cash refers to the use of notes and coins…

Hire Purchase: Advantages and Disadvantages

To Hire means to use someone else’s property for payment for a duration of time. Goods sold on higher purchases are durable and expensive such as; vehicles, furniture, electronics, buildings etc. Hire purchase is a method of hiring property with…