COMMERCE 101.

    BALANCE OF PAYMENT AND BALANCE OF TRADE. Hey Guyz, Happy Monday. How was the weekend, mine was cute, hope yours was lovely? Any way this is a new week and a new day to live, learn and have fun. So let’s get started. Balance of Trade is the relationship between the values of a country’s import and export of visible items within a particular period of time. If Visible Exports are more than Visible Imports, the Balance of Trade is said to be favorable. On the other hand, if the Visible Import exceeds the Visible Exports,...

Read More

COMMERCE 101

                         DIVISION OF FOREIGN TRADE. Hey Guyz, what’s happening? How are you all doing, hope great? It’s a beautiful day to live, learn and be merry. Today we are continuing our commerce 101 series. International Trade can be divided into: a.     Export. b.     Import. c.      Enter-port. IMPORT. This is the act of buying goods and services...

Read More

ECONS 101.

                            PRODUCTION. Hey Guyz, Happy Thursday to you. How was your day yesterday, hope it was fruitful and cool. Today we are back to Econs 101 with the above topic, so let’s get straight to work. Production is defined as the various economic activities aimed at the creation of goods and services, and the distribution of these goods and services to the final consumer, for the satisfaction of their human wants. It is also the creation of Utility, which...

Read More