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New Higher Education Funding model explained
President William Ruto issued a directive on May 3 ,2023 that sought to discontinue the…
Exploring the Foundations of Islamic Finance: Principles and Practices
Sharia compliant banking is a fast growing segment of the financial sector in Kenya. Islamic…
Types of Externalities
An externality is a cost or benefit of an economic activity experienced by an unrelated…
Importance of a Business Plan
A business plan is a document that is prepared by an entrepreneur for the purpose…
PROBLEMS OF USING PER CAPITA INCOME TO COMPARE STANDARD OF LIVING OVER TIME
By per capita income we mean: the value of goods and services received by the…
Per capita income as a measure of economic development
Some economists ( Harvey Leibenstein, Rostow, Baran, Buchanan) and many others favour the use of…
How to apply for KASNEB Foundation Loan and Bursary
The Kenya Accountants and Secretaries National Examination Board (KASNEB) Foundation has partnered with the Higher…
Overview of classical economist
Classical school of thought rose after the mercantilist doctrine and were famous for attacking and…
Economic Growth vs Economic Development
Economic Growth: The term economic growth refers to the quantitative aspect of economic progress of…
Economics posts
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Why Countries Get involved in International Trade
DEFINITION OF INTERNATIONAL TRADE International trade is the trade between countries in the world. Equally…
What is interest rate parity theory?
Interest parity definition Interest rate parity (IRP) is a theory that helps to explain the…
What is the Purchasing Power Parity theory
Purchasing power parity (PPP) is an economic theory that states that the exchange rate between…
What are the categories of e-commerce
E- commerce definition Electronic commerce is defined as the use of computer networks to complete…