Tag: Education

BASIC TOOLS FOR ECONOMIC ANALYSIS

There are some basic economic tools which you can use to tackle economic problem which are: *Pictogram/Pictograph A pictogram is said to be a chart...

BASIC ECONOMIC PROBLEMS

  Basic economic problem can be defined as the measure of things a producer need to tackle before getting into production.   There are some...

ROLES OF BUDGET IN MODERN ECONOMY

  I. Budgeting is used as a means of raising revenue. II. Budget can be used as a tool for economic planning. III. Budgeting serves...

STRUCTURE OF PUBLIC EXPENDITURE

  Expenditure is divided into capital and recurrent 1. Capital Expenditure: Capital expenditure is regarded as a non-recurrent expenditure. They are expenses incurred from executing...

FINANCE: Meaning, types and uses of Budget

 The Budget is a financial statement made by the government which shows or identifies the estimated government revenue and the government proposed expenditure for the...

HOW DOES LETTER OF CREDIT WORKS?

In our previous post, we have explained what is letter of credit, (you can read more by clicking the link). In this post,  we will...

WHAT IS LETTER OF CREDIT?

What is letter of credit? Letter of credit is a promissory document that serve as a guarantee between a buyer and a seller who base...