Poverty - search results

Poverty is the state in which an individual or group can not meet basic human needs to maintain a minimum level of quality of life, while Inequality on the other hand, refers to the unfair or unequal distribution of resources among various people or groups, caused by social, gender, ethnic, religious or other discrimination.

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Nigeria is home to a multitude of cultures, traditions, and languages. The country also has a rich history spanning many centuries. Historians have identified...

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.

The ground work for the formation of ECOWAS can be traced to the efforts of the heads of States of Nigeria and Togo in 1972. They had a series of meetings and sent draft proposals to other heads of States of West African countries.

The African Development Bank (AFDB) established in September 1964, was opened for business on July 1, 1966 in Abidjan, Ivory Coast now Cote D’Ivoire.

Traditional economic system is the type of economy system that prevailed in all independent human organization or settlements prior to their contact with the outside world. In Africa, for instance, feudalism and communism predominated before contact with Europeans.

Capitalism may be defined as an economic system in which all or most means of production are owned and controlled by private individuals and in which the economic activity of the government is at a minimum while Socialism is an economic system where the state takes the major economic decisions through detailed planning. Countries that adopt this system do not believe in the efficacy of market forces.

The Millennium Development Goals refer to a set of fundamental goals set by the United Nations in 2000 which all member states of the United Nations and, particularly developing countries, are required to achieve within a period of fifteen years.

Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels. The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.

The Nigerian federalism faces certain difficult problems including those related to census, revenue allocation, religious and inter-ethnic conflicts, allocation of public offices and the unequal distribution of wealth between different regions and between classes.

Kleptocracy is a form of government which is characterized by the systematic and institutionalized theft of public funds and goods by its elites. In a kleptocracy government, rulers and like-minded elites engage in robbery in a normalized way. To such an extent that there is an institutionalization of corruption. In democracies, theoretically, the income and money obtained after government tax collection is reinvested in the form of public services.

Capitalism is an economic system in which the means of production and distribution are mainly owned and controlled by private individuals and firms. The primary aim of any economic activity in a capitalist state is to make profit.

Capitalism is an economic system that is based on private ownership of the means of production, as well as on the principle of free market, whose objective is the accumulation of capital. The word is formed from the union between the noun capital, which in this context means 'set of economic goods', and the Greek suffix ism, which means system.

The proletariat is distinguished from other classes such as the bourgeoisie in that it does not possess greater assets than its capacity for work, and therefore constitutes the basis of capitalist society of, as defined by Karl Marx, the "exploitation of man by man". The bourgeoisie, on the other hand, is the owner of the means of production and requires labor to generate consumer goods.

Monarchy is a system of government in which political system is based on heredity. In a monarchy, power is acquired on the basis of inheritance and concentrated in one individual who is usually called a king or queen and whose power may or may not be subject to legal limitation.

An autocracy is a government under the control of one person who usually achieved his position by force. It is a government of an absolute ruler. The autocratic state is a form of despotic or tyrannical rule. The autocratic state is also sometimes called the authoritarian state. it represents an attempt by the ruling classes to perpetuate their domination.