Socialism – Definition, Features, Pros & Cons
Posted inGovernment & Politics

Socialism – Definition, Features, Pros & Cons

Socialism is an intermediate or transition stage between capitalism and communism. It is both an economic and political concept. As an economic concept, socialism means an economic system in which the means of production (i.e land, labour, capital) are controlled mainly by the state. Most economic activities in a socialist state are performed by the government and its agencies.
Basic Problems of Economics
Posted inEconomics

Basic Problems of Economics

Basic Problems of Economics | Scarcity and choice are the cardinal problems faced by economists and the society at large. The study of economics is necessitated by scarcity and the problem created by scarcity has led to choice.
Factors Affecting Nigeria Foreign Policy
Posted inGovernment & Politics

Factors Affecting Nigeria Foreign Policy

The Nigerian foreign policy is profoundly affected or influenced by the perceptions, attitudes and value preferences of the various participants in the decision-making process. In other words, a nation’s international behaviour is, to a great extent, determined by the interests of those making and implementing foreign policies.