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In today's globalized world, the ability to communicate effectively in multiple languages can be a significant advantage for job seekers. Companies and organizations increasingly seek professionals who can navigate the intricacies of international communication and bridge the gap between cultures. As a result, there is a growing demand for...
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Rural-urban migration or drift (Urbanization) refers to the movement of people from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change.
Median is the middle number of a set of numbers arranged in ascending or descending order of magnitude. If it is even, add the two middle numbers and divide the sum by two.
The International Labour Organization has defined collective bargaining as:
‘Negotiations about working conditions and terms of employment between an employer or group of employers on the one hand and one or more representatives of workers’ organizations on the other.’
The term nationalisation refers to public ownership and control of business enterprises formerly owned by private interests. In other words, nationalization may be defined to as the taking over of transfer from private to state or government, and the ownership and control of business enterprises for economic, social and political reasons.
The word Agriculture is derived from two Latin words Ager and culture which means field and cultivation respectively. Agriculture therefore, is the tilling of the soil to produce both food and cash crops, livestock, etc.
Farm settlement is another type of farming which was practised by some governments in many countries. The farm settlement has a dual objective of increasing food production and providing gainful employment for the settlers.
Agriculture may be defined as the production of animals, fishes, crops and forest resources for the consumption and other benefits of man. Agriculture is the dominant occupatnon, employing about 50-60 per cent of the total population of West Africa.
Although subsistence agriculture is practised in this part of the world, it will not be an over-statement to say that it is the live-wire of the economies of West African countries.
Unemployment is a state of joblessness. An unemployed person is one who is available for work, is looking for work, but cannot find it. Unemployment means lack of employment. It is a mismatch in the labor market, where the supply of labor (by workers) is greater than the demand for labor (by companies).
The localization of industry refers to the concentration of many firms of an industry (i.e. firms producing similar goods or services) in an area e.g. concentration of many leather craft industries in London.
Effects and Positive Solutions of Industrialization
Meaning of Industrialisation
‘lndustrialization’ is a deliberate policy by governments to create many industries in a country. The process of industrialization involves the production, increasing use of machinery and power tools, as well as the use of improved technology in production, all of which lead...
‘lndustrialization’ is a deliberate policy by governments to create many industries in a country. The process of industrialization involves the production, increasing use of machinery and power tools, as well as the use of improved technology in production, all of which lead to a higher level of output of industrial goods.
Indigenization Policy refers to a deliberate effort/policy of the government to increase the participation of the nationals in the ownership and management of commercial and industrial activities in the country.
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.