Comparative Analysis Of Management Systems In Cocoa Production In Abia State, Nigeria
ABSTRACT
Investment can be defined as an activity that commits funds in any
financial/physical form in the present with an expectation of receiving additional
return in the future (Rosennsweig and Binswnager, 1993).
Fugue (1996) defined investment as an activity that is undertaken by those
who have savings. However all savers need not to be investors. Eisner (1985)
defined investment as the change in fixed inputs used in production process.
The key characteristic of investment is its irreversibity often referred to as
asymmetry (Nelson, 1989). Once investment are made, there are few other
productive activities for which they can be used (Dixit and Pindyck, 1994)
formulate the problem of the irreversibility of investment under uncertainty as the
decision to pay a sunk cost and in return receive an asset with a value that can
fluctuate.
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NWOGU, C (2021). Comparative Analysis Of Management Systems In Cocoa Production In Abia State, Nigeria. Repository.mouau.edu.ng: Retrieved Nov 21, 2024, from https://repository.mouau.edu.ng/work/view/comparative-analysis-of-management-systems-in-cocoa-production-in-abia-state-nigeria-7-2
CHINWE, NWOGU. "Comparative Analysis Of Management Systems In Cocoa Production In Abia State, Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Jun. 2021, https://repository.mouau.edu.ng/work/view/comparative-analysis-of-management-systems-in-cocoa-production-in-abia-state-nigeria-7-2. Accessed 21 Nov. 2024.
CHINWE, NWOGU. "Comparative Analysis Of Management Systems In Cocoa Production In Abia State, Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Jun. 2021. Web. 21 Nov. 2024. < https://repository.mouau.edu.ng/work/view/comparative-analysis-of-management-systems-in-cocoa-production-in-abia-state-nigeria-7-2 >.
CHINWE, NWOGU. "Comparative Analysis Of Management Systems In Cocoa Production In Abia State, Nigeria" Repository.mouau.edu.ng (2021). Accessed 21 Nov. 2024. https://repository.mouau.edu.ng/work/view/comparative-analysis-of-management-systems-in-cocoa-production-in-abia-state-nigeria-7-2