
Democracy can trace its roots from the ancient Greek city-states and Rome. The concept of democracy has been there for a long time although the definition varies with time and space. Although the word is not referred to in the American constitution
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The study therefore intends to unravel the pre-colonial Nigerian indigenous economy both in scope and structure and attempts to establish that it was dynamic and that it possessed real market status of high standard, given its characteristics. The study is divided into three major segments – general features of an economic system, structure of pre-colonial Nigerian economy and justification of pre-colonial Nigerian economy as a dynamic and market oriented economy.

Comparing the histories of many of the successful European contemporaries, Amsterdam is rather new. Began around 1200s as a fisheries market over at the mouth of the Amstel River, the city quickly flourished into the modern world's commercial symbol. The 17th century reined in the Dutch Golden Epoch, characterised by a huge business network and additionally the American community of Nieuw Amsterdam (soon New York), which powered its economy at the same time painters like Rembra…