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Computer Village
The Computer Village is an Information and Communications Technology (ICT) accessories market located in a community called Otigba, located at Ikeja, the capital of Lagos State, southwestern Nigeria. The market is the largest ICT accessory market in Africa. It is a perfect competition market, under the umbrella of the Computer and Allied Products Dealers Association of Nigeria (CAPDAN). Apart from the sales of information and technology accessory, the markets also deals in the repair of mobile phones and computers. The computer and phone repairs could either be on software or hardware components depending on the nature of the fault. The market and its wide range of business activities gives opportunities to computer engineers and technicians who specialized in the repair of faulty computers and mobile phone to transact businesses with dealers of ICT accessory, thereby creating job opportunities for them. The market is opened on a daily basis except on Sundays and public holidays. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ikeja
Ikeja is the capital city of Lagos State in southwestern Nigeria. Its population, as of the 2006 census, is 313,196. Prior to the emergence of military rule in the early 1980s, Ikeja was a well planned, clean and quiet residential and commercial town with shopping malls, pharmacies and government reservation areas. It lies 10.5 miles (17 km) northwest of Lagos city. The Murtala Muhammed International Airport is located in the city. Ikeja is also home to Femi Kuti's Africa Shrine and Lagbaja's Motherland, both venues for live music. Its Ikeja City Mall is the largest mall on the Lagos State mainland. Ikeja also has its own radio station, broadcasting both in English (Eko FM) and in Yoruba (Radio Lagos). History Ikeja, which was formally called "Akeja", was named after a deity of the Awori people of Ota. It was originally settled by the Awori people, and the area was raided for slaves until the mid-19th century. Early in the 20th century it became an agricultural hinterland for L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Markets In Lagos
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiaomi
Corporation (; ), commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second largest manufacturer of smartphones in the world, most of which run the MIUI operating system. The company is ranked 338th and is the youngest company on the ''Fortune'' Global 500. Xiaomi was founded in 2010 in Beijing by now multi- billionaire Lei Jun when he was 40 years old, along with six senior associates. Lei had founded Kingsoft as well as Joyo.com, which he sold to Amazon for $75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it was developing a wide range of consumer electronics. In 2020, the company sold 146.3 million smartphones ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tecno Mobile
Tecno Mobile is a Chinese mobile phone manufacturer based in Shenzhen, China. It was established in 2006. It is a subsidiary of Transsion Holdings. Tecno has focused its business on the African, Middle East, Southeast Asian, South Asian, Latin American, and Eastern European markets. History In 2006, Tecno Mobile was founded as Tecno Telecom Limited, but later changed its name to Transsion Holdings with Tecno Mobile serving as one of its subsidiaries. In 2007, Tecno created a second brand, Itel Mobile, Itel that sold in Africa. In early 2008, Tecno focused entirely to Africa following market research, and by 2010, it was among the top three mobile phone brands in Africa. In 2016, Tecno entered the Middle East mobile phone market. In 2017, it entered the Indian market, launching its ‘Made for India’ smartphones: the ‘i’ series - i5, i5 Pro, i3, i3 Pro and i7. The company initially started in Rajasthan, Gujarat, and Punjab, India, Punjab, and by December 2017 was spread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retailer
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos State Government
Lagos State Government is the government of Lagos State, concerned with the administration of the state ministries. The government consists of the executive, legislative and Judiciary. The government is headed by the Governor who is the policy-maker and often assisted by the commissioners and other civil servants of the state. Office of the Governor The Office of the Governor was created along with the creation of the state in 1967. It is currently headed by Babajide Sanwo-Olu, who is the fifteenth Governor of the State. This office is responsible for the effective coordination of all government activities for the good of the people of the State. The state vision is "Making Lagos Africa's Model Mega City And Global Economic and Financial Hub", and the state policy thrust is "Poverty Eradication and Sustainable Economic Growth through Infrastructure Renewal and Development." Judiciary The Judiciary is one of the three co-equal arms of the Lagos State Government. It is concerned wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surulere
Surulere is a residential and commercial Local Government Areas of Nigeria, Local Government Area located on the mainland of Lagos in Lagos State, Nigeria, with an area of . At the last census in the year 2006, there were 503,975 inhabitants, with a population density of 21,864 inhabitants per square kilometer. The local government area is bordered by Yaba, Lagos, Yaba, Mushin, Lagos, Mushin and Ebute Metta, Ebute-Metta. History During the rapid urbanization of Lagos, the city expanded to the west of its Lagos Lagoon, lagoon, which included present-day Surulere. Families from different regions of the country have historically settled in Surulere. In addition to the local settlers of Lagos, during the nineteenth century, various emancipated African Brazilians and Cubans, who were referred to as ''Aguda'' or Saro (Nigeria), ''Saros'', settled in Surulere. Nigerians from the Northern region initially ended at Idi-Araba, while many people from the eastern part were in various quarter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer Hardware
Computer hardware includes the physical parts of a computer, such as the computer case, case, central processing unit (CPU), Random-access memory, random access memory (RAM), Computer monitor, monitor, Computer mouse, mouse, Computer keyboard, keyboard, computer data storage, graphics card, sound card, Computer speakers, speakers and motherboard. By contrast, software is the set of instructions that can be stored and run by hardware. Hardware is so-termed because it is "Hardness, hard" or rigid with respect to changes, whereas software is "soft" because it is easy to change. Hardware is typically directed by the software to execute any command or Instruction (computing), instruction. A combination of hardware and software forms a usable computing system, although Digital electronics, other systems exist with only hardware. Von Neumann architecture The template for all modern computers is the Von Neumann architecture, detailed in a First Draft of a Report on the EDVAC, 1945 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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