Ojonugwa Julius Akubo's Blog

I nflation is a continuous or sustained increase in the general price level or cost of living of any economy. Wealth on the other hand could be defined as a state of abundance . From the above definitions we wouldn't be wrong to deduce that the wealth level of any rational consumer in an area has some direct relationship with the inflation rate in that area. This is proposed based on the demand law that states; higher demand as a result of lower price. Conside ring this,its obvious that policy makers must draft out policies that will constantly reduce inflation and relatively grow up employment opportunities else the population of the wealthy in the case country will be definitely growing at a decreasing rate. Inflation is beneficial to a few set in the society with a larger population of the society suffering the negative effect of the inflation. Even wealth distribution is  positively related to lower inflations at such a government that must improve the human centered perspecti

Market in the first place is any arrangement that provides a medium for exchange or trade between buyers and seller.Market structure in the same temple is simply the number composition of either of the diffrnt market agents(buyers and sellers) in the market and their type of operations. They include;  * Oligopoly: here there are few firms in the market dominating the market share majority together.  *Oligopsony:here there are many producers with relatively few consumers compared to the number of producers. *Duopoly: is when only two firms exist in the market and they both control the market share together.  *Monopoly: here there is only one producer of a particular product which gives the producer opportunity to influence price at will.  *Monopsony:its the opposite of monopoly,its when there is only one buyer or consumer of a particular product with many producers in the market.  *Monopolistic competition: this is synonymous with competitive market.there are many firms in this type of