with the other two. -Lee Iacocca 1.0 INTRODUCTION The modem concept of sustainability was originally defined at the World Commission on Economic Development in 1987, often known as the Brundtland Commission. At the most basic level, sustainability is balancing the three concepts of people, planet, and profit to maximize the absolute value of an undertaking. Using this concept, sustainability
Zimbabwe's economy has decremented tremendously. Many Zimbabwean people ceased utilizing banks and also ceased to pay taxes, because this economic downturn greatly influences for the citizen. Worse, the currency of Zimbabwe was additionally no longer utilized as an expedient of transaction, until it makes Zimbabwe is experiencing the most expeditious economic slump in the
2 Economic Impacts of Boko Haram Insurgency Boko Haram has taken advantage of high unemployment and poverty rates in Northern Nigeria to use as a mobilizing instrument so as to find support and recruits for terrorist violence. The majority of the unemployed and poor have been frustrated as a result of government incapacity to meet their basic needs (Olojo, 2012:6).As a result of this, they have adhered to Boko Haram where they have indulged in aggressive measures such as killing of innocent citizens
having recognized the economic and social importance of housing finance, it often remains undeveloped. The low levels of lending reflected depict that small numbers of individuals can afford it due to the high cost of housing compared to the income earned. (UN habitat, 2003) Therefore the role that a financial system plays in an economy is to channel resources from those with surplus to those with deficit. By so doing, there is accumulation of investment, capital growth and economic development. (Carmichael
(2015). Economics Online. Retrieved from: http://economicsonline.co.uk/Market_failures/Monopoly_power.html Petroff. J. (1989-2005). Chapter 5. Pure Monopoly. Retrieved from: http://www.peoi.org/Courses/Coursesen/mic/fram5.html (Pettinger, 2008a): Pettinger, T. (2008, February 9). Are Monopolies Always Bad? Economics help.org. Retrieved from: http://www.economicshelp.org/blog/265/economics/are-monopolies-always-bad/ (Pettinger
of economic model since the Industrial revolution. During the era of industrialisation stages, the raw materials were abundantly available for cheap prices and the linear economy model was the model of business due to the developing technologies. In fact this model manifested the growth of the material production, employment, cities development, living standard, profit and also for the demand for all goods. The fundamental principle of linear model is provided in Figure 1. By this economic model
3.1 THE INTERNATIONAL COVENANT ON ECONOMIC, SOCIAL AND CULTURAL RIGHTS (ICESCR) The International Covenant on Economics, Social and Cultural Rights is a multi-lateral treaty adopted by the United Nations General Assembly on December 16, 1966 and in force from January 3, 1976. Nigeria ratified the Convention on 29th July, 1993. The Convention commits its parties to work toward the granting of economic, social, and cultural rights to individuals including labour rights and the rights to health
Executive Summary Industry analysis The airline industry is at the growth stage. The economic and technologic development are the main factors for airline industry growth. Also, the demand of customers drives the market growth. Economy globalization also has an impact on airline industry. The competitive rivalry within the industry is high. Southwest’s chief rivals are American Airlines, Delta Air Lines, United Airlines and US airway. Overall, the airline industry develops well. Strategic issues
The current situation of the economic slump in Western countries invites politicians and scholars to look at the past and to draw conclusions from this historical perspective. The period between 1975 and 1995 is interesting because of its similarities with the present modest economic performance. Economic performance can be defined as the achievement of economic objectives such as growth or budgetary stability. The indicators that can be used are varied. This paper mainly focuses on the increase
as the changes to technology, tastes, and availability of resources take place so does the market prices change directly to the resources. In theory, the market economy expects that profits and prices’ interaction to maintain a reasonable level in economic mistakes (Langran and Schnitzer 37). This is because profit is dependent on the selling price of services and goods and the cost of producing them, becoming an indication to business of what buyers are buying. Conclusively, profit is a critical factor