Blessing Peter Titus, Author at Financial Falconet

Traditional Economy Pros and Cons

All the countries in existence do operate an economic system that guides how economic activities are carried out within them.

Does socialism work? Reasons why it works

Does socialism work? Socialists believe that the resources available in any given society at any point in time should be

Marxism vs Socialism vs Communism: Differences and Similarities

The terms Marxism vs socialism vs communism refer to sociopolitical and economic systems that are often wrongly used interchangeably by

Forms of Socialism

There are different forms of socialism ranging from democratic socialism to more authoritarian forms such as communism. Although the common

Reasons why socialism is bad

Socialism has existed for ages with countries such as the former Soviet Union that got dissolved in 1991 among its

Why is socialism good?

Why is socialism good? The effectiveness of socialism in practice depends on various factors, including the specific policies implemented, the

Budgetary Challenges and Problems

Budgetary challenges refer to difficulties faced by individuals, businesses, organizations, or governments in managing their finances within the available resources

Importance of Budgeting

The importance of budgeting cannot be overemphasized, as it aids individuals or businesses to effectively utilize the resources available to

Fuel Subsidy Removal in Nigeria

Fuel subsidy removal in Nigeria has been a contentious issue for decades with various governments attempting to reduce or eliminate

Effects of Removal of Fuel Subsidy in Nigeria

The effects of the removal of fuel subsidy in Nigeria are numerous, comprising both positive and negative effects. Fuel subsidy

Benefits of Fuel Subsidy in Nigeria

Fuel subsidy is a government policy that involves the government paying a portion of the cost of fuel in order

Effects of fuel subsidy in Nigeria

The effects of fuel subsidy in Nigeria comprise both positive and negative effects. Fuel subsidy has been a long-standing policy

Reasons for removal of fuel subsidy in Nigeria

The reasons for the removal of fuel subsidy in Nigeria are numerous ranging from fiscal constraints to equity concerns. Nigeria

How much is Nigeria paying for fuel subsidy?

How much is Nigeria paying for fuel subsidy? For decades, Nigeria has maintained a fuel subsidy program that provides a

Section 168 deduction

Individuals and businesses are often on the lookout for tax incentives that aid in reducing their tax liabilities. One such

Why is there fuel subsidy in Nigeria?

Why is there fuel subsidy in Nigeria? Fuel subsidy has been used to keep the price of petroleum products such

What is Special Depreciation Allowance (SDA)?

The special depreciation allowance (SDA), commonly referred to as bonus depreciation is a tax incentive that allows businesses to deduct

Journalizing Adjusting Entries Examples and Types

Journalizing adjusting entries is a necessary part of every company’s accounting or bookkeeping process. Without these adjusting entries, a company’s

What is a Liberal Economy? Meaning and Characteristics

Every country in existence today operates a particular type of economy ranging from liberal, coordinated, traditional, command, and socialist amongst

What is Accumulated Wealth? Accumulation Strategies

Accumulated wealth takes various forms for different people as the financial independence and freedom that is often associated with having

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Author: Blessing Peter Titus