Military Rule In Nigeria - In the early hours of January 15, 1966, Nigeria witnessed the first military coup led by Major Chukwuma Nzeogwu and other majors in the army. It was a bloody military intervention in the political history of...
This article deals primarily with the political parties of the First, Second, Third and Fourth Republics of Nigeria. Unlike the nationalist parties of the colonial era whose primary objective was decolonisation, the overriding objective of the post-independence parties was to win...
The retailer is that person who sells goods in smaller quantities or units to the final consumers. He is the last link in the chain of distribution. He is therefore the middleman between the wholesalerand the consumer....
A trade dispute refers to any discontentment or dissatisfaction arising out of anything connected with the organization that any employee thinks or believes or feels is unfair, unjust or unequitable....
Public enterprises are business organizations that came into existence through appropriate enabling Acts of Parliament, or Decrees or Edicts in a particular country or state. They may be commercially-oriented or public service-oriented....
The wholesaler is that person who obtains goods from the manufacturer in bulk and sells to the retailer in smaller quantities. He is therefore a vital link between the manufacturer and the retailer in the chain of distribution that is, he...
A partnership exists when two to twenty persons having similar economic interests come together to set up a business purposely to make profits. This fonn of business organization is very common....
Distribution Trade refers to that aspect of commercnal activities which is responsible for the commerct channelling of commodttles from the producers to the ultimate consumers....
Sole Proprietorship is a one man business organization. It is the simplest unit of business organization though usually not the smallest in all respects. It features prominently in the trades, occupations, agriculture and small scale industrial establishments....
Private Limited Company is a form of business organization that is privately owned by a minimum of two and a maximum of fifty members. By its nature of existence, it cannot offer its shares to the public for subscription....
A co-operative society is an organization or body of people of common interest who come together to protect their interest and utilize this to better the lot of its members by engaging in various economically viable ventures....
A joint stock company or a public limited liability company is that form of business organization in which the liability of the shareholders is limited to the amount of capital they contributed and the unpaid part of the capital allotted to...
A labour market is any institution or arrangement which brings job seekers and employers of labour together within a particular geographical region. We can therefore talk of local labour market, national labour market and international labour market....
Market Structure | A market may be defined as any place at a point in time where buyers and sellers meet for the exchange or buying and selling of goods and services....
Population Distribution Definition Population distribution refers to the structure of the population. The structure includes geographical age, sex and occupational distribution. Factors Affecting Geographical Distribution By geographical distribution of population, we mean the dispersion of people throughout the length and breadth...
What is Labour Mobility? Labour mobility or mobility of labour means the ease with which labour can move both geographically and occupationally. That is, labor mobility refers to the flexibility with which the workforce can relocate. This is an important variable...
Nigeria Banking History All started in the nineteenth century when Elder Dempster Company bought in a foreign owned bank into Lagos. Standard Bank Nigeria Limited (Now First Bank PIC) In 1894, a British-owned bank opened its office in Nigeria and operated...
Population census is the counting of statistical data on an entire specific population of a group of people. In this way, its characteristics can be precisely known....
The West African Currency Board (WACB) The West African Currency Board (WACB) was founded in November, 1912 following the recommendations of Lord Emmitts Committee which was appointed by then Colonial Secretary, Mr. Lewis Harcourt to look into the currency situations of...
A perfect market may be defined as a market where neither the sellers nor buyers can influence the prices of goods and services because they are many in number.
It is also called competitive market or perfect competition. In such a market,...
