To live a comfortable financial life, you must understand the differences between passive income and active income. The reason for this is because, a good understanding of the two types of income will help you to know where to invest your time and … [Read more...]
Major Tools For Economic Analysis
Major tools for economic analysis: Just like it is for every field of study, economics often use simple and quick tools like tablets, charts and graphs to represent information than with endless written pages to ensure easier understanding. Such … [Read more...]
Advantages and Disadvantages of Sole Proprietorship
As at 2015 it was recorded by bigideasforsmallbusiness that about 73% of all the businesses in the United States are sole proprietorship enterprises. This clearly shows that sole proprietorship is one of the most preferred form of business in the … [Read more...]
Meaning and Problems of Trade by Barter
Trade by barter may be defined as a form of trading in which goods are exchanged directly for other goods without the use of money as a medium of exchange. For example, if someone has garri and is in need of beans, he must locate someone who has … [Read more...]
Advantages and Disadvantages of Division of Labour
Advantages and disadvantages of division of labour: In the primitive world, a man provided his own food, made his hunting implements and fashioned his simple furniture. With the growth of the economy, production moved a little away from simply … [Read more...]