Posted inEconomics
Commercial Bank: Definition, Features, Functions & Problems
A commercial bank is a joint-stock financial institution which trades in money with the sole aim of raising profits for its shareholders.
Posted inEconomics
Balance of Payments: Definition, Example, Problems & Solutions
Balance of payments is a systematic record or summary statement of accounts of all the major economic or trading transactions between a reporting country and the rest of the world, during a specific period, usually one year. Balance of payment is a summary of receipts (income) and payments (expenditure) of a country in the international accounts.
Posted inEconomics Finance Government & Politics
West African Clearing House (WACH) – Aims & Objectives
West African Clearing House (WACH) is form on July 1, 1976 was largely due to the efforts of the Governors of the Central Banks in West Africa to find a solution to one of the obstacles to trade among West African countries.
Posted inGovernment & Politics
E-Government – Definition, Problems & Benefits of Electronic Government
E-government is the use of the internet and the world wide web for delivering government information. The focus of e-government should be on the use of information and communication technologies for better government.
Posted inGovernment & Politics
NEPAD – Meaning, History, Features, Aims & Objectives
The New Economic Partnership for African Development (abbreviated as NEPAD) is an economic development programme of the African Union (AU). It was established on October 15, 2001 at a summit of the African Union in Lusaka, Zambia.