Why people want to marry

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Walrasian system

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This,is an economic system or theory that Was postulated by a political economics professor Leon walras .the system basically seeks to explain the economy based on the general equilibrium theory and marginal utility. The system is to encompass the whole field of value and price in a much more comprehensive manner than had been presented by any previous economist . He assumed perfect competition and uniformity of price throughout the given market and mathematically demonstrated that general equilibrium in such a market requires certain conditions to be satisfied listed thus: Each individual will have a utility curve for each good and service offered in the market The individual will maximise his utility through exchange and That he will obtain the greatest possible satisfaction when the prices paid in the exchange are proportional to the marginal utility of the good purchased. In general he said that the basic laws which are at work bring about the equilibrium in the market. The...
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The Aftermath of Public Borrowing by Julius Ojonugwa Akubo +2348069230929 Pauljulius90@gmail.com

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Most underdeveloped and developing countries of the world depend on external sources like loans from the IMF, world bank and other financial institutions for the efficient financing of their budgets. This dependence accumulate to become what is known as debt.Debt is that part of a nations finance that was acquired from external sources based on stated agreements. The degree of dependency on foreign support however differs if it were to be measured across the various developing countries. That is to say some countries are more dependent on foreign support than others. This support comes in form of either grants or loans for running their domestic expenses such as infrastructural development, job creations and even for the payment of salaries amongst other reasons. Of cause the fact that so many countries for genuine reasons may need to rely on foreign support is not the quagmire in this work. The problem is rather a question as to what eventually becomes the effect of the debt on the e...
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