Gross Domestic Product (GDP): Formula and How to Use It Find out how GDP can help measure the health of a country’s economy What Is Gross Domestic Product (GDP)? Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific […]
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5 Financial Mistakes That Can Sink Your Startup As a professional deeply involved with helping startups deal with finance and build sustainable businesses, I often get asked what are the most common financial mistakes that companies make and could have a devastating impact on their businesses. In the list below I have summarized a few
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Save Money on Gas! Increase Fuel Economy With Synthetic Motor Oil As I write this, gas is now averaging over four dollars a gallon! The price of almost everything we buy is going up, and there does not seem to be any relief in sight! It’s no surprise that people are trying all sorts of
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The Promotion of Foreign Investments – A Strategy for Sustainable Economic Development Foreign direct investment has been widely recognized over the past decades as a major contributor to growth and development. It can bring capital, technology, management know-how and access to new markets. In comparison with other forms of capital flows, it also tends to
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How Micropayments Can Drive the Future of the Nigerian Economy One important aspect of micropayments is the fact that its definition varies from person to person. Generally, micropayments are regarded as financial transactions involving very small sums of money. Globally, micropayments refer to transactions of less than 12 USD. According to techtarget.com, a micropayment is
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Important Role of Financial System in the Economy The financial sector provides six major functions that are important both at the firm level and at the level of the economy as a whole. 1. Providing payment services. It is inconvenient, inefficient, and risky to carry around enough cash to pay for purchased goods and services.
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3 Ways to Make Money Online in Our Current Economy There are literally millions of online money making opportunities. Sadly, the majority of these online money making opportunities require selling and/or recruiting; which most of us simply do not want to do. Don’t give up. In this article I am going to outline ways to
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Impact Of China Pakistan Economic Corridor (CPEC) On The Banking Industry Of Pakistan A Karachi-based banker receives the latest update on stocks from his counterpart in Hong Kong in a blink of an eye. That information is then relayed to a customer in Doha who then orders electronics made in Chengdu transported across the proposed
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Save And Make Money How To Save And Make Money In Today’s Economy Two important questions often asked lately are: “How do I save money in today’s economy”, and “How do I make money in today’s economy?. History is our greatest teacher. During the “Great Depression some people lost everything they had, and others made
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The Growth of the Underground Economy: A Substantial Loss to the Canadian Government An estimated of $40.9 billion of economic activity goes unreported annually within Canada’s underground economy. Amongst these underground economy values, construction is the largest sector accounting 28% of its value. According to the most recent estimates made by the Canada Revenue Agency,
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