The advocates of Pan-Africanism propounded the need for racial harmony, mutual existence coupled with absolute equality and respect for the dignity of Africans. It further accepts the need for cooperation and unity among African states in the areas of economic, political and cultural spheres. It detests and rejects in totality all forms of colonial rule, control and domination of any African State. Furthermore, this concept stands for the rights of Africans to self-determination and the need to be treated with dignity and respect. In addition, it tends to instill in Africans a sense of belief and self-confidence in themselves as a people or a race. Originally, this movement began as…



    Money is anything that is generally acceptable as a medium of exchange and in the settlement of debts. Money can also be defined as anything that is generally acceptable as a means of payment.   TRADE BY BARTER Trade by barter may be defined as a form of trading in which goods are exchanged directly for other goods without the use of money as a medium of exchange. For example, if someone has garri and is in need of beans, he must locate somebody who has beans and is in need of garri. Trade by barter has many setbacks.   PROBLEMS OR DISADVANTAGES OF TRADE BY BARTER Problems of double…



    We need different types of goods in our day-to-day life. We may buy some of these items in bulk and store them in our house. Similarly, businessmen also need a variety of goods for their use. Some of them may not be available all the time. But, they need those items throughout the year without any break. Take the example of a sugar factory. It needs sugarcane as raw material for the production of sugar. You know that sugarcane is produced during a particular period of the year. Since sugar production takes place throughout the year, there is a need to supply sugarcane continuously. But how is it possible? Here…

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