hello@iresearchng.com Opening: Mondays - Sundays: 24hrs

THE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

ECONOMICS
Project Research
Pages: 65
Available
Available
1-5 Chapters
Abstract Available
Available
Instant Download
NGN 5,000

Project Research Pages: 65 Available Available 1-5 Chapters Abstract Available Available Instant Download NGN 5,000

Get this Material Now
Project Research Pages: 65 Available Available 1-5 Chapters NGN 5,000 Abstract Available Available Instant Download
THE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
The management of the economy is a major concern of governments all over the world. Governments of countries feel compelled to ensure, through appropriate policies that their economies are managed to achieve desirable macroeconomic objectives. These objectives include: price stability; economic growth; full employment; and balance of payments equilibrium. The achievement of stable prices and attainment of sustainable economic growth had been the central objectives of macroeconomic policies for most countries in the world today. This is so because the achievement of other objectives like full employment and balance of payment equilibrium are also determined by the achievement of price stability and economic growth. (Ohale & Onyema, 2002)
Economic growth is dependent upon the productive effort of a society and investment of resources. An increase in production and investment will lead to economic growth. A country’s rate of growth can be affected by inflation through its effect on investment. An increase in inflation rate reduces the return on investment, both on physical and human capital. Lower returns mean less accumulation and innovation and hence a lower rate of growth. Growth in output of goods and services is a good way of bringing material benefits to the citizens. This is through fostering those developments such as increased investment, technical progress, increase in demand, amongst others, which are conducive to the growth of the economy. Investment is required to maintain output per head in the face of an increase in the size of labour force. Moreover, increase in consumption expenditure makes producers to respond by increasing their capacity and by so doing, promote economic growth. Nevertheless, as the level of economic activities increase, an economy experiences growth (Ohale & Onyema, 2002; and Apere, 2006).
Private consumption expenditure constitutes the largest component of total consumption expenditure in Nigeria and accounts for more than 65% of the Gross Domestic Product, GDP ( National Bureau of Statistics, 2010). Thus, private consumption expenditure is a core component of aggregate demand. 

THE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

NOT THE TOPIC YOU ARE LOOKING FOR?


SUGGEST A TOPIC

OR

Try searching for your topic

Confuse about anything?

Call or WhatsApp us

+234 810 144 4147

Or reach us via email

hello@iresearchng.com

How do I get the Complete Project material on THE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

Once payment is made, kindly send us your project topic, email address and payment name to +234 810 144 4147

Once payment is confirmed, Project materials will be sent to your email

What's your project topic?

Related Project Topics

Projects By Departments

Explore Thousands of Research Project Topics.

Get project material instantly!