During the Second World War, (a soldier) obtained a leave allowing him to return to his home, and as soon as he reached the street near his house, he saw a parked military truck loaded with corpses and knew that the enemy had bombed his city.
The truck was carrying dozens of dead bodies and was preparing to transport them to a mass grave. The soldier stood in front of the piled-up corpses to take his last look at them and noticed that a shoe on a (woman’s) foot looked like a shoe he had previously bought for his wife.
He went to his house in a hurry to check on her, but he quickly retreated and went back to the truck again to check the body and found his wife!! After his shock, the soldier did not want his wife to be buried in a mass grave, so he asked to be pulled from the truck in preparation for a proper burial.
During the transfer, it was found that she was still breathing slowly and with difficulty, so he carried her to the hospital, where the necessary first aid was given to her and she regained life again!!
Years after this incident and the end of the war, the wife who was almost buried alive became pregnant and gave birth to a boy named “Vladimir Putin”. He is the current president of Russia!
Don’t give up hope. Things always change. You can be the person to make Nigeria great again.
Author Unknown
Ani chiamaka Best
20636624iF
Nursing sciences
Economic analysis essentially entails the evaluation of costs and benefits. It starts by ranking projects based on economic viability to aid better allocation of resources. It aims at analysing the welfare impact of a project.
It is also a process of driving economic principles from relevant economic facts.
Any economic analysis involves the formulation of laws and generalizations through two methods that is
1) Deductive method: This method can also be called a prior reasoning.We start from unchallenged elementary or rudimentary assumptions then arrive at conclusions using logical analysis.
This method involves the following stages:
i) Observation of a task or issue; In this stage there must be an issue or problem to be solved .
ii) Making the hypothesis; In this stage the problem to be solved is stated and defined.
III)Testing the hypothesis using more observations; when the hypothesis gets verified we get general economic principles.
The advantage of this method is that only simple deductive logic is required.
2) The Inductive Method:. This type of reasoning flows from facts to theory.It is also called the empirical method.it derives economic generalizations on the basis of experimentation, observations and statistical methods.
In this method data is collected about a certain economic phenomenon the advantage of this method is that it is the most realistic and reliable method.
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