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Alaba Market
Alaba international market is an electronics market located in Ojo, Lagos State, Nigeria. It is the largest electronics market in Nigeria. Apart from the sales of electronic products, the market also deals in the repair of home appliances. Alaba international market is an electronics market located in Ojo, Lagos State, Nigeria. It is the largest electronics market in Nigeria. Apart from the sales of electronic products, the market also deals in the repair of home appliances. The market and its wide range of business activities gives opportunities to electronics and electrical engineers who specialized in the repair of faulty home appliances to transact businesses with dealers electronics. The market is opened on a daily basis except on Sundays and public holidays. This daily business transactions and popularity has attracted new investors and electronics dealers across Africa thereby expanding the market size and population with significant effects on the economy of Lagos State. Ba ...
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Ojo Alaba International Market Lagos Electronics Section
Ojo may refer to: *Ōjō, a Japanese Buddhist term referring to rebirth in the Pure Land of Amitabha Buddha *Ojo, a curious red bear cub who has a wild imagination and is good friends with Treelo on ''Bear in the Big Blue House'' * ''Ojo'' (comic), a 5-part comic book series by Sam Kieth *Ojo (name) a Yoruba preordained name *Ojo (surname) *Ojo, Lagos State, a local government area in Lagos State, Nigeria *Ojo the Lucky Ojo is a character from the fictional Oz book series by L. Frank Baum. Jack Snow, ''Who's Who in Oz'', Chicago, Reilly & Lee, 1954; New York, Peter Bedrick Books, 1988; p. 148. History He first appeared in ''The Patchwork Girl of Oz''. Ojo is ...
, an Oz book series character {{Disambiguation ...
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Electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification and rectification, which distinguishes it from classical electrical engineering, which only uses passive effects such as resistance, capacitance and inductance to control electric current flow. Electronics has hugely influenced the development of modern society. The central driving force behind the entire electronics industry is the semiconductor industry sector, which has annual sales of over $481 billion as of 2018. The largest industry sector is e-commerce, which generated over $29 trillion in 2017. History and development Electronics has hugely influenced the development of modern society. The identification of the electron in 1897, along with the subsequent invention of the vacuum tube which could amplify and rectify small ...
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Ojo, Lagos State
Ojo is a Local Government Area and town in Lagos State, Nigeria. Lagos State University is located there. Ojo is located on the eastern section of the Trans–West African Coastal Highway, about 37 km west of Lagos. It is part of the Lagos Metropolitan Area. Ojo is a primarily residential township although it contains some major markets including Alaba International Market, Alaba livestock market (Alaba Rago), the old Lagos International Trade Fair complex, and Iyana-Iba market. It also houses the divisional headquarters of 81 division Nigerian Army and Navy Town. South of the town (across Badagry creek), the rest of the local government is sparsely populated and consists of mangrove swamps and sandy beaches. Some of these beaches are holiday spots in the festive season. Wildlife mostly consists of reptiles, rodents and birds including crocodiles, iguanas, monitor lizards and squirrels. Whales and dolphins have been known to visit the coastal areas.Some towns there are Iba, Ig ...
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Lagos State
Lagos State ( yo, Ìpínlẹ̀ Èkó) is a States of Nigeria, state in South West (Nigeria), southwestern Nigeria. Of the 36 States of Nigeria, states, it is both the List of Nigerian states by population, most populous and List of Nigerian states by area, smallest in area. Bounded to the south by the Bight of Benin and to the west by the Benin–Nigeria border, international border with Benin Republic, Lagos State borders Ogun State to the east and north making it the only Nigerian state to border only one other state. Named for the city of Lagos—the List of urban areas in Africa by population, most populous city in Africa—the state was formed from the Western Region, Nigeria, Western Region and the former Federal Capital Territory on 27 May 1967. Geographically, Lagos State is dominated by bodies of water with nearly a quarter of the state's area being lagoons, creeks, and rivers. The largest of these bodies are the Lagos Lagoon, Lagos and Lekki Lagoon, Lekki lagoons in the ...
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Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ...
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Home Appliance
A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. Appliances are divided into three types: small appliances, major appliances (also known as white goods) and consumer electronics (brown goods). Definition Given a broad usage, the domestic application attached to home appliance is tied to the definition of appliance as "an instrument or device designed for a particular use or function". More specifically, Collins English Dictionary defines "home appliance" as: "devices or machines, usually electrical, that are in your home and which you use to do jobs such as cleaning or cooking". The broad usage, afforded to the definition allows for nearly any device intended for domestic use to be a home appliance, including consumer electronics as well as stoves, refrigerators, toasters and air conditioners. History While many ap ...
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Thisday
''This Day'' is a Nigerian national newspaper. It is the flagship newspaper of Leaders & Company Ltd and was first published on 22 January 1995. It has its headquarters in Apapa, Lagos State. Founded by Nduka Obaigbena, the Chairman & Editor-in-Chief of the This Day Media Group and ARISE News Channel. As of 2005, it has a circulation of 100,000 copies and an annual turnover of some $35 million (US). It has two printing plants, in Lagos and Abuja. The publishers of the newspaper are the This Day Newspapers Ltd., a company that was noted for its early investment in colour printing, giving the paper a distinctive edge among the few durable national newspapers that exist in Nigeria. ''This Day'' publisher Nduka Obaigbena has previously been criticised for late and non-payment of the paper's staff and suppliers. Operations The headquarters of ''THIS DAY'' is in Lagos. It also has offices and correspondents in the 36 states of Nigeria and other parts of the World. THISDAY pr ...
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Perfect Market
In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price. This equilibrium would be a Pareto optimum. Perfect competition provides both allocative efficiency and productive efficiency: * Such markets are ''allocatively efficient'', as output will always occur where marginal cost is equal to average revenue i.e. price (MC = AR). In perfect competition, any profit-maximizing producer faces a market price equal to its marginal cost (P = MC). This implies that a factor's price equals the factor's marginal revenue product. It allows for derivation of the supply c ...
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Barriers To Entry
In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur. Because barriers to entry protect incumbent firms and restrict competition in a market, they can contribute to distortionary prices and are therefore most important when discussing antitrust policy. Barriers to entry often cause or aid the existence of monopolies and oligopolies, or give companies market power. Barriers of entry also have an importance in industries. First of all it is important to identify that some exist naturally, such as brand loyalty. Governments can also create barriers to entry to meet consumer protection laws, protecting the public. In other cases it can also be due to inherent scarcity of public resources needed to enter a market. Definitions Various conflicting definitions of "barrier to entr ...
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Barriers To Exit
In economics, barriers to exit are obstacles in the path of a firm that wants to leave a given market or industrial sector. These obstacles often have associated costs, prohibiting the firm from leaving the market. If the barriers of exit are significant, a firm may be forced to continue competing in a market. This forced stay in the market occurs when the costs of leaving a market are higher than costs incurred by continuing in the market. Sometimes, when firms operate at low profit or at loss, they still choose to compete with others. Major factors of this decision making is high barriers to exit. Definitions There are various definitions of "barrier to exit", this means the absence of one common approach to define barriers to exit. In 1976, Porter defines "exit barriers" as "adverse structural, strategic and managerial factors that keep firms in business even when they earn low or negative returns.” In 1989, Gilbert used the definition “costs or forgone profits that a f ...
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List Of Markets In Lagos
Markets in Lagos, Nigeria, offer a broad and diverse range of new, second-hand goods, products and merchandise for consumers. Notable markets in Lagos include: *( Agbalata market badagry lagos ) * Alaba international market * Ajah Market * Aratumi Market * Balogun Market, Lagos Island * Bar Beach Market * Computer Village * Èbúté Èrò Market, Lagos Island * Epe Fish Market * Iyana-Iba Market * Ikotun Market * Idumota Market * Ita Faji Market * Isale Eko Market, Lagos Island * Jankarra Market, Lagos Island * Ladipo Market * Lekki Market * Agboju Market * Daleko Market * Morocco I and II markets * Mushin market * Oyingbo Market * Mile 12 Market *Oniru New Market * Fespar market * Oshodi Market * Rauf Aregbesola Market * Téjúoshó Market * Sangotedo Market * Ajuwe Market * Jakande Market * Akodo Market, Epe * Boundary Seafood Market * Apongbo Market (household and souvenirs) * Liverpool Crayfish Market * Arena Market * Cele Market * Ijesha Market, Ijeshatedo * State ...
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