Price Discrimination
Posted inEconomics

Price Discrimination: Definition, Features & Examples

In general, price discrimination occurs when a producer sells a commodity to different buyers at different prices for reasons not associated with differences in cost. For example, doctors, lawyers and engineer sometimes vary their fees according to the incomes of their clients. Cinemas also charge lower admission prices for children.
Inflation in Nigeria: Causes, Reasons & Solutions
Posted inEconomics

Inflation in Nigeria: Causes, Control & Solutions

Inflation is a worldwide phenomenon but the rate varies from country to country. Nigeria has been experiencing a high rate of inflation estimated to be well over 45%. Despite the various measures adopted to control inflation it has defied solutions.