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Equb, Iqub or Ekub (Amharic: እቁብ) is a rotating savings and credit association of people in Ethiopian culture with the aim of mobilizing resources and distributing them. [ 1 ] [ 2 ] It is distinguished from Eder by duration of time; Equb is temporary or permanent, while Eder is long-term association.
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
The manufacturing sector's growth rate more than doubled from 1.9 percent in 1960–61 to 4.4 percent in 1973–74, and the growth rate for the wholesale, retail trade, transportation, and communications sectors increased from 9.3 percent to 15.6 percent. [1] Relative to its neighbors, Ethiopia's economic performance was mixed. [1]
Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in its per capita and overall gross domestic product (GDP). There was an increase in the manufacturing growth rate from 1.9% in 1960–1961 to 4.4% in 1973–74, with the wholesale, retail trade, transportation, and communication sectors increasing from 9.5% to 15.6%. [4]
In the academic year of 2007/8, three additional Faculties (Business and Economics, Health Science and Agriculture) were opened, and the enrolment reached 2483. Furthermore, the university broadened its program and enrolled 393 summer/students and 500 Extension/evening students in 2006 and 2007 respectively.
Dire Dawa University was established in 2006 with enrollment of 754 students in three facilities: (Faculty of Natural Science and Mathematics, Faculty of Social Science and language and Faculty of Business and Economics) in 13 different undergraduate academic programs with 90 teachers and 103 administrative support staff operating with limited facilities.
Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
The constitution consists of 106 articles in 11 chapters. Articles I-VII contains general provisions on matters of nomenclature of state, territorial jurisdiction, and the Ethiopian flag; Articles VIII-XII describe sovereignty, the supremacy of the constitution, democratic rights, separation of state and religion, and accountability of the government.