Sri Lankan Economy Essay

23 Mar 2015 28 Jun 2017

15 (5,622 )

Keywords: sri lanka economy analysis, sri lanka economy history Sri Lanka proved to be 'the best bet in Asia' in early 50's with its economic stability and well structured infrastructure. To prove that, when Former Prime Minister of Singapore, Lee Kuan Yew visited in Sri Lanka in mid 50's, stated that Singapore would like to imitate Sri Lanka. Since gaining the independence in 1948, the progression of ...

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Merits and Demerits of Devaluation

23 Mar 2015 28 Jun 2017

9 (3,538 )

Keywords: advantages devaluation, disadvantages devaluation Background and History: Pakistan has unusual history of successive devaluation. The rupee was first devalued in 1950 in response to a similar move by India. Later in 1972, Z.A. Bhutto's government massively devalued the rupee by 133%. The rupee was further devalued in early 1980s during General Zia regime. Moeen Qureshi's caretaker government in 1993 also devalued the rupee by 7%. After ...

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Pigovian Tax: Analysis and Overview

23 Mar 2015 28 Jun 2017

6 (2,235 )

Keywords: pigouvian tax explained, pigouvian tax Neo-classicals uphold perfect competition as the ideal state of the market. But in truth, the economy is fraught with market failures. Therefore, we need government interference to correct many of these market failures. Pigovian Tax imposed by the government is one such course of intervention. It helps to curb negative externalities (e.g. pollution) and reduce the burden on the society caused ...

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Tacit Collusion Examples

23 Mar 2015 27 Jun 2017

5 (1,982 )

Keywords: tacit collusion, example tacit collusion Collusion is an agreement between competing firms to coordinate their actions, so that together they can act as a monopoly to raise prices or limit production, in order to control the market (Sullivan and Sheffrin, 2003). It is most common in the form of cartels in an oligopolistic industry where an explicit agreement is made between the competing firms. However, in ...

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Impact of Counterfeit Products

23 Mar 2015 27 Jun 2017

8 (3,094 )

Keywords: counterfeiting essay, counterfeit products paragraph According to Paradise (1999), "product counterfeiting is a form of consumer fraud: a product is sold, intended to be something that it is not. This is different from the crime of copyright violation, which involves the unauthorized transfer of licensed material, such as the sharing of music or video files electronically. It is a product counterfeiting is typically an organized group ...

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Role of Government in Mixed Economy

23 Mar 2015 23 Jun 2017

9 (3,453 )

Keywords: laissez faire economy government, mixed economy government 1.0 Introduction Economic systems known as 'Laissez faire' economy, capitalist or free enterprise. Types of economic systems include Central planning economy, mixed economy and free market economy. Central planning economy all interest or last decision making by the government, such as system was called 'command economy' because there was lack of choice. The mixed economy a mixture of both ...

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PETRONAS Company Analysis

23 Mar 2015 23 Jun 2017

9 (3,336 )

Keywords: petronas pest, petronas globalisation Jump to: PEST Analysis of PETRONAS | Impact of Globalisation on PETRONAS | Recommendations for PETRONAS The company of my choice is PETRONAS, the petroleum Multinational Corporation based in Malaysia. The paper will outline the background of the company followed by identification of the actual and potential impacts of globalisation on the company. Recommendation of strategies which the company might use to respond ...

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China's Rapidly Growing Economy Causes

23 Mar 2015 23 Jun 2017

7 (2,757 )

Keywords: china rapid growth, china causes economy, china development At present, many developing countries strengthen the economic development. China is a good example. After opening reform, Chinese economy has kept rapid development for 30 years, which has already grown to third largest economies in the world. The main purpose of this report is to identify and critically evaluate the key economic, political and technological factors conditions of ...

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On Introduction to the Market Economy

23 Mar 2015 14 Jun 2017

6 (2,094 )

Economy according to (Mankiw & Taylor 2006) is a Greek word for "one who manages a household" Household and economies are seen to be similar in the sense that they both face many decisions, decisions ranging from who does what, and who gets what must be made daily in a household. Likewise in our societies, decisions must be made on different issues such as who will do ...

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The Impact of Globalisation in the UAE

23 Mar 2015 14 Jun 2017

4 (1,557 )

Keywords: globalization in uae UAE is the most globalised country in the Middle East because Abu Dhabi, emirates with huge oil wealth and Dubai with entrepreneurial skills was opened as commercial hub soon after gaining independence from British. Long before UAE had started opening up to free trade, free movement of labour and joint business ventures then the other countries in Middle East. So, when the trend ...

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Corruption in Nigeria's Civil Service

23 Mar 2015 14 Jun 2017

15 (5,835 )

Keywords: nigeria corruption government, nigeria civil service, civil service corruption There is a broad consensus that low government wages in developing countries result in a decline of public sector efficiency and productivity and create both incentives and opportunities for corruption and misuse of public resources. However, most studies also agree that increasing salaries without establishing effective control and monitoring systems as well as enforcement of appropriate sanctions ...

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Exploitation of Workers in Developing Countries

23 Mar 2015 14 Jun 2017

7 (2,446 )

Keywords: exploitation of workers, third world countries, exploitation cheap labour, globalisation labour exploitation Since the time, plans were being made to implement "free trade" we were guaranteed it would be a win/win situation.This was one of the very important step for the pioneering of Globalization. First world consumers, manufacturers,industrialists, farmers, laborers -- everyone would benefit. Not only the first world countries, the whole world would benefit. It ...

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Limitations of Monetary Policy

23 Mar 2015 14 Jun 2017

3 (1,161 )

Keywords: limitation of monetary policy Major economies in the world alongside the UK economy are in a period of recession. A number of factors have led to this downturn in the economies, all linked to global financial crisis. The interference to bank lending has reduced access to credit facilities of all sorts and this in turn has an impact on the property and housing market as well ...

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Malaysia's Mixed Econmy - The Advantages of a Mixed Economy

23 Mar 2015 13 Jun 2017

6 (2,110 )

Keywords: malaysia mixed economy, advantages mixed economy, mixed economy malaysia advantages The economic systems is one of the branch of economics, the economics is studies about the institutions and the methods by the societies to determine the ownership, direction and allocation of the economic resources. Economic system is the mechanism that deals with the distribution, production and the consumption of services and goods in a particular society. ...

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Equilibrium and Disequilibrium Unemployment

23 Mar 2015 13 Jun 2017

3 (966 )

Keywords: disequilibrium unemployment, types of unemployment, unemployment causes 1.0 Introduction The causes of being unemployment will greatly vary according to the situation whether the person is working or not. Unemployment can be happen even the person is currently working, yet had given signal to stop working in some company for some reason. Sometimes it can be voluntary with the person's choice to become unemployed. 2.0 Body The ...

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Apple iPhone Price Elasticity of Demandd

23 Mar 2015 13 Jun 2017

5 (1,911 )

Keywords: apple elastic demand, apple price elasticity, iphone elastic demand According to Wikipedia, price elasticity of demand is defined as the responsiveness of the quantity demanded of a good or service to a change in its price. Demand for a product can be said to be very inelastic if consumers will pay almost any price for the product, while demand for a product may be elastic if ...

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Dollarization in Cambodia

23 Mar 2015 13 Jun 2017

14 (5,363 )

Keywords: cambodia dollarization, dollarization effects Dollarization occurs when a country uses US Dollar or other currency instead of or along with local currency. The picture of dollarization can be as follow: using dollar for bank Deposit, paying debt, buying goods and service, measuring national budget. 1 There are three types of dollarization: official, semi-official, and unofficial. Official dollarization occurs when a country use dollar as the legal ...

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Human Capital Development in Malaysia

23 Mar 2015 12 Jun 2017

17 (6,764 )

Keywords: malaysia human capital, human capital improvement, human capital challenges The study intends to look into the Human Capital Development in Malaysia: Challenges and Prospects. In 10th Malaysia Plan, Federal Government is more focus on non- physical development (Human Capital Development). It shows that the ratio of allocation on non- physical projects and physical projects has changed from 22:78 during the 9th Malaysia Plan to 40:60 in ...

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Online Shopping Problems and Solutions

23 Mar 2015 12 Jun 2017

6 (2,310 )

Keywords: online shopping problems, online shopping critique, online shopping analyss Abstract Internet shopping has become more and more popular nowadays, however, some consumers are still reluctant to purchase online due to some perceived risks. The purpose of this paper is to introduce internet shopping, trying to analyze problems facing it and find corresponding solutions to ensure e-commerce growth. In order to give a concrete picture, the paper ...

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Economic Impact of HIV AIDS In South Africa

23 Mar 2015 12 Jun 2017

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Keywords: hiv aids economic impact, hiv impact in south africa South Africa faces one of the world's most severe HIV/AIDS pandemics according to the Bureau for Economic Research (BER, 2007:11). The disease was initially only regarded as a serious health crisis, but it is now clear that the pandemic also holds economic consequences for South Africa and also have far reaching socio-economic consequences. It is difficult to ...

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The Impact of BRICs on the Economy

23 Mar 2015 12 Jun 2017

4 (1,417 )

Keywords: bric countries, bric economy impact, bric country economy Goldman Sachs did not argue that the BRICs would organize themselves into an economic bloc, or a formal trading association, as the European Union has done.[7]However, there are some indications that the "four BRIC countries have been seeking to form a 'political club' or 'alliance'", and thereby converting "their growing economic power into greater geopolitical clout".[8][9] On June ...

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UAE Economy: Past, Present and Future

23 Mar 2015 12 Jun 2017

10 (3,748 )

Keywords: uae economy history, uae economy analysis Aim: The main aim of the project is to discuss the past, present and the future of the economy of UAE for the past 20 years of time. The condition of this country before and after the discovery of the oil has changed a lot. Even the aim is to cover all the aspects of this country. Due to the ...

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Impact of Foreign Remittance in Bangladesh Economy

23 Mar 2015 12 Jun 2017

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Keywords: workers remittance bangladesh, foreign remittance effects, remittance effects economy Worldwide immigration can craft considerable social welfare gains for migrants in both countries from where the workers move and to where they resettle. The gains to origin countries are recognized mostly through the utilization of remittance in micro-level activities where the advancement of life conditions and alleviation of poverty are some of the core focuses. For developing ...

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Comparison of Healthcare Systems: US and UK

23 Mar 2015 12 Jun 2017

8 (3,115 )

Keywords: us and uk healthcare comparison, uk and us healthcare The UK and the US health care services are great examples of publicly funded and privately funded health care systems respectively. By assessing and analysing key findings from a microeconomic standpoint, we can see significant difference between the two approaches to health care provision. First, the role of government interventions in the provision of healthcare is to ...

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Japan's Tsunami and Earthquake - Economic Effects

23 Mar 2015 12 Jun 2017

5 (1,719 )

Keywords: earthquake economic effect, economic effect disaster While the nation's industrial clusters in the south and west seemed to be spared the worst, the crisis at damaged nuclear plants north of Tokyo was threatening to cause an energy squeeze that could set back all sectors of Japan's economy. "The big question is whether this will seriously affect Japan's ability to produce goods for any extended period of ...

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National Minimum Wage | Advantages and Disadvantages

23 Mar 2015 08 Jun 2017

5 (1,880 )

Keywords: uk minimum wage, minimum wage labour party, minimum wage advantages Introduction The following report argues on the matter of United Kingdom's national minimum wage, which is be considered important in context of social security, collective bargains and mostly the labour markets to increase justice and improve economic efficiency of the country. The aim of introducing national minimum wage was to bring UK in the line with ...

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India's Financial System | A History

23 Mar 2015 08 Jun 2017

10 (3,622 )

Keywords: history india financial system, india economic history Illustrate the history of Indian Financial sector, and highlight what were the major changes that took place in liberalization policies of 1991-92 in India's Financial Sector. An efficient, articulate and developed financial system is indispensable for the rapid economic growth of any country/economy. The process of economic development is invariably accompanied by a corresponding and parallel growth of financial ...

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Economic Problems of Northeast India

23 Mar 2015 07 Jun 2017

11 (4,263 )

Keywords: northeast india development, ne india economy ABSTRACT This paper attempts to examine the reasons for the failure of the North East to catch up with the rest of India in terms of economic growth even though it has done fairly well with respect to human development indicators. The paper shows that the government has proposed policies for development of this region but various factors such as ...

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Emergence of BRIC Economies

23 Mar 2015 07 Jun 2017

8 (2,828 )

Keywords: emergence of brics, brics economy Introduction The world economy today is very different from how it was 50 years ago and it is likely that there will be just as much change in the next 50 years. (Purushothaman and Wilson, 2003:3). The large developing economies are now growing at great speed and if they keep on doing so over the next decades they might have great ...

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Goals of Economics

23 Mar 2015 07 Jun 2017

7 (2,536 )

Keywords: four economic goals, economic goals INTRODUCTION Every country in this world has its own economic to develop their country and to rich their country. Each country has their own economic goals to improve their economic conditions. There are four major economic goals are price stability, economic growth faster than population growth, low unemployment of resources and equitable distribution of income and wealth. Every country, through its ...

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Tax Revenue In Malaysia

23 Mar 2015 07 Jun 2017

17 (6,672 )

Keywords: malaysia tax factors, malaysia tax analysis INTRODUCTION Malaysia is a federation of 13 States and the Federal Territories of Kuala Lumpur and Labuan. The Federal Constitution contains special provisions regarding sources of revenue that are assigned to the Federal and the State governments.Sources that are assigned to the State governments include revenue from land, forest, entertainment, mining, water supply, bank interests, returns from investments, fines including ...

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South African Automotive Industry - Impact of Globalisation

23 Mar 2015 07 Jun 2017

6 (2,155 )

Keywords: sa automotive industry, south african automotive industry, automotive industry globalisation 1. Introduction This paper discusses the impact of globalisation on the South African automotive industry in the business context. It explains the concept of 'globalisation' and the importance of globalisation on the South African automotive industry. We explore the innovation, development and skills required in a globalized industry. This paper summarises of the current research of ...

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State of the US Economy

23 Mar 2015 07 Jun 2017

4 (1,435 )

Keywords: us economy analysis The U.S. economy is the largest and one of the most diversified national economies of the world, which can also be considered the engine of the world economy. A distinctive feature of the American economy is its focus on scientific progress and advanced technology. The USA is a leader in implementing the results of scientific and technical progress in the production of export ...

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Inflation in Myanmar

23 Mar 2015 07 Jun 2017

11 (4,215 )

Keywords: myanmar inflation causes, causes of inflation myanmar, myanmar inflation rates Inflation is a main case for the economy. Inflation is the critical source of the current economic crisis.The national currency in Burma is Kyat. The average inflation in the 1990s was around 25 per year. The highest rate of inflation was found as 58 per cent in 2002-2003 and the lowest inflation rate in 2000-2001 was ...

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Social Welfare in Hong Kong, the Privatization of Services

23 Mar 2015 07 Jun 2017

9 (3,273 )

Keywords: privatization in hong kong, hong kong welfare In the past centuries, the Hong Kong government has been committed in providing various welfare services to the citizens in order to meet the social needs of the citizens and so as to increase their quality of life and achieve a harmonious society. Since the society is becoming more and more developed, however, the role of government in providing ...

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Malaysia Analysis: Economic, Cultural, Technical, Environmental

23 Mar 2015 06 Jun 2017

7 (2,597 )

Keywords: malaysia technology analysis, malaysia environmental analysis, malaysia pest analysis The official name for Malaysia is the Federation of Malaysia which is a form of federated constitutional monarchy under the Supreme Head of State of Malaysia, His Majesty, the Yang di-Pertuan Agong. The Yang di-Pertuan Agong will elect who is the becoming Prime Minister and with the Prime Minster advice, also elect the cabinets (Malaysia: Political Structure ...

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Impact of Transnational Corporations on NICs

23 Mar 2015 06 Jun 2017

7 (2,594 )

Keywords: transnational corporation nics, nics impact corporations Introduction What are TNCs? Trans National Corporations (TNCs) are companies which operate in at least 2 countries. Its organization is very hierarchical with the headquarters as well as research & development often located in the mother country. Production centers tend to be host countries. When organization becomes more worldwide regional headquarters and regional research & development will widen in the ...

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Sell Then Build Concept Analysis

23 Mar 2015 06 Jun 2017

7 (2,530 )

1.0 INTRODUCTION For years Malaysia has been practicing Sell Then Build concept in the housing development and for years also, the concept has contributed to various types of problems, mainly to house buyers. Budget 2013 proposed that the Government will allocate RM100 million to the Ministry of Housing and Local Government to revive 30 abandoned housing projects. From 2009 to 2012, some 178 housing projects were declared abandoned ...

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Thailand Tourism Industry PESTLE Analysis

23 Mar 2015 06 Jun 2017

4 (1,313 )

Keywords: thailand pestle, thailand tourism pestle Recently globalisation has been influencing on the business all over the world and many countries have invested and been invested. However, there are many factors that effect on the international business. On this assignment, it will illustrate some external factors by using PEST analysis and some examples that are related to the tourism industries especially Thailand tourism industry due to giving ...

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Global Financial Crisis: Aviation Industry Impact

23 Mar 2015 06 Jun 2017

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Abstract The basic aim behind to conduct a research analysis on the affects of the global financial crisis with specific to the aviation industry. The research will help to actually analyze the after affects of the financial crisis. As we all know that aviation is one of the most important pillars of the global economy of the world. And also this sector provides millions of jobs globally ...

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What Factors of Production can Affect a Construction Project?

23 Mar 2015 06 Jun 2017

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There are four main factors of production that can affect a construction project; they are land, labour, capital costs and an entrepreneur. Land is defined as 'land comprises all naturally occurring resources whose supply is inherently fixed'. [1] Land is a fixed resource as there is a limited amount, and price can vary depending on location. There are four main types of land: Agricultural land denotes the land suitable ...

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Saving Behaviour | Research Study

23 Mar 2015 06 Jun 2017

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'Saving' this word was clarified by Keynes (1936) as the excess of income over what is spent on consumption. In details, saving also can be defining as a portion of disposal income which excess after consumption of consumer goods. (Keynes.J.M.(1936)). Saving = income- consumption According to the Maps world of finance, saving behavior is defined as an understand on how people save in a country in order ...

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Rural Development in Ghana

23 Mar 2015 06 Jun 2017

13 (4,823 )

Keywords: ghana rural development The problems of rural development in the Third World and in Ghana in particular, have become a major concern today. This concern notwithstanding, the problems seem as intractable as ever. There are significant disparities in income and standards of living between the rural and urban populations (GPRS, 2004). This has resulted in the continuous increase in the movement of people from the countryside ...

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Advantages And Disadvantages of Offshore Outsourcing

23 Mar 2015 06 Jun 2017

5 (1,661 )

Keywords: offshore accounting advantages, offshore accounting disadvantages The advantages and disadvantages of offshore outsourcing to the western countries (and workforce) and emerging-market countries(and workforce) is discussed based on the context of Western countries outsourcing a part of their business process to vendors primarily from developing countries like China, India, Indonesia, Philippines etc. ADVANTAGES OF OFFSHORE OUTSOURCING TO WESTERN COMPANIES AND WORKFORCE IN WESTERN COUNTRIES Offshore outsourcing benefits ...

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Norway PEST Analysis

23 Mar 2015 06 Jun 2017

4 (1,412 )

According to the authors of the book "Exploring corporate strategy" the environment "is what gives organizations their means of survival." In the private sector, satisfied customers are the ones that keep companies in business. Nevertheless aggressive shifts in market demand, changes in technology, laws, or entry of new competitors are threats to the companies within the market, which can be fatal for organizations. Therefore it is vital ...

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Market Structure of Apple

03 Oct 2016 06 Jun 2017

9 (3,378 )

Keywords: apple market structures Apple (I phone) is one of the multinational leading company introducing tremendous technology gadgets day by day. In all over the world, this UK based company has introduced its products. Recently, Apple has a pronouncement of development of “super tablet” computer. Market researches show that customers’ demands are high for this new technology item. Over the past seven years, Apple has seen ...

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Causes of Poverty in Mauritius

23 Mar 2015 06 Jun 2017

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Keywords: poverty in mauritius, poverty in mauritius essay Over the past two decades, Mauritius has continuously experienced considerable improvements in both social and economic levels. Mauritius is ranked as an upper middle income country since 2003, with a GDP per capita of $4000. Substantial improvement in life expectancy and literacy, Mauritius has shifted from medium to a high human development country during same period. This is evidenced ...

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Price Wars in International Business

23 Mar 2015 06 Jun 2017

5 (1,982 )

Keywords: price wars economics, Introduction 'Price wars' are characterized by competing firms struggling to undercut one another's prices (Assael, 1990). Price wars are a universal phenomenon that touches nearly every industry - telecommunication, retail, airlines, groceries. A scenario of price wars comes into existence in a market situation wherein a number of players compete to gain a larger share of the market by primarily reducing the ...

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Price Discrimination Essay

23 Mar 2015 06 Jun 2017

8 (2,872 )

Keywords: price discrimination effects, price discrimination definition, price discrimination analysis The main reason to carry on economic functions of a firm is profit maximization. In the way to the profit maximization main variable is the marginal cost of the products they sell. Therefore when pricing the product they consider the marginal cost first and set their pricing policies accordingly. When the other factors are same to sell ...

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Globalisation: Threats and Benefits for SMEs

23 Mar 2015 06 Jun 2017

8 (3,055 )

Keywords: benefits of globalisation, globalisation sme, globalisation business effects INTRODUCTION Globalisation has become a hot discussion issue for both academicians as well as the corporate world. This is because of the effects globalisation has on Small medium enterprise as well as the benefits they offer to the SME's and national economies as a whole. Globalisation is a major driver that has an impact on nearly every business ...

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Problems of Black Money

23 Mar 2015 05 Jun 2017

4 (1,379 )

Black money is generated due to the following reasons: • The people do not pay their taxes. Even if they pay taxes, they are not in correct proportions to their incomes. The tax evasions by corporate and industrial houses are to the tune of billions of rupees. These firms are able to make clever usage of the income tax rules and hence, they save taxes. This tax ...

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Pizza Hut Quality Control

23 Mar 2015 05 Jun 2017

7 (2,431 )

Keywords: pizza hut tqm, tqm pizza hut This is the key factor for a food chain like Pizza Hut. All the employees are at the back of the house i.e. the kitchen assistants are trained for that reason. They are given extra lessons to meet the quality standards set by Pizza Hut around the world. This strategy is essential in order to satisfy the CHAMPS (Cleanliness, Hospitality, ...

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UK Supermarket Market Structure

23 Mar 2015 05 Jun 2017

3 (931 )

Keywords: supermarket oligopoly, supermarket oligopoly analysis The Market Structure of Supermarket in the UK Oligopoly refers to market, which is imperfectly competitive and dominated by a few suppliers (Anderton, 322). This market structure has three main characteristics. Firstly, the few firms must be the main suppliers in the industry. Secondly, the oligopolistic firms must be interdependent. Thirdly, other new firms are not able to entry the industry. ...

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Impact of Globalization on Sri Lankan Economy

23 Mar 2015 05 Jun 2017

5 (1,856 )

Keywords: globalization sri lanka, sri lanka economy globalization Globalization is a multifaceted, multidisciplinary topic in its broadest reach. It is an integration of countries and people which is made possible by the reduction of transportation and communication cost. It includes economic, political, social and cultural aspects. For the globalization to be effective countries should open their economy, lower their barriers to trade for the capital, goods and ...

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Perfect Competition: Short Run and Long Run Profits Trends

23 Mar 2015 05 Jun 2017

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Keywords: perfect competition trends, short run profits, long run profits This paper is written to critically discuss the following statement: "If a firm is in perfect competition, it is unable to make supernormal profits in the long run. Therefore, they should strategize to move from a price taker in a perfect competition situation towards a price maker monopoly situation as part of their corporate strategy." This report ...

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Introduction to Indian Economy

23 Mar 2015 05 Jun 2017

7 (2,790 )

Keywords: india economy essay, india economy analysis Choose a transition economy India, if possible. Research that country and its recent economic progress. Do you believe its economy will flourish or stagnate? Why? What can that country's Govt. do to the economy flourish? The term "transition economy" has often been used to describe the process of change in economies (such as in Eastern Europe) which are passing from ...

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India's Economic Achievements

23 Mar 2015 02 Jun 2017

7 (2,671 )

Keywords: economy india development, economic development india Economic Development is the increase in the standard of living in a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy. Also, if the local quality of life could be improved, economic development would be enhanced. Its scope includes the process and policies by which a nation improves the economic, political, and social well-being ...

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The Concept Of Equity In Taxation

23 Mar 2015 02 Jun 2017

6 (2,095 )

Keywords: equity concept taxation, equity and taxes, equity in taxation Taxation traces its origin to the ancient times as a major source of revenue needed for governance. Kingdoms, monarchies and even dynasties had an elaborate form of taxation imposed on their subjects to source funds that were used to run affairs of the government. These taxes were subjective and biased depending on those in power. Advancement in ...

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Comparative Advantage

23 Mar 2015 02 Jun 2017

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Does Trade Always Follow Comparative Advantage? Introduction Comparative advantage as a justification for free trade has seen a change in status. Until recently, it was the only basis on which economists studied trade. However, changes in the world economy and technology have led to events that make the theory appear weak and irrelevant. This paper shall examine the strengths and weaknesses of comparative advantage. Fundamental to the ...

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Keynesian and Monetarist Theory of Inflation

23 Mar 2015 01 Jun 2017

7 (2,704 )

Keywords: monetarist theory of inflation, keynesian theory of inflation Inflation is a fed up increase in prices. The overall prices of goods and services are raised in general movement in and economy, which also means such goods and services are being cost more than the actual value of money. It is usually the change of measurement between Consumer Price Index and the Producer Price Index. The more ...

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Finland And China PESTLE Analysis

23 Mar 2015 01 Jun 2017

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Keywords: china economic analysis, finland economic analysis, country pest analysis We could never choose the place we born but we could always dream the place we live which a place that we all are aspire to. As the reason, "Newsweek" a second largest news weekly magazine in America has study a special issue for the purpose of the best countries in the world to fulfill the need ...

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Ethiopia PESTEL Analysis

23 Mar 2015 01 Jun 2017

17 (6,483 )

Keywords: ethiopia economic analysis, ethiopia political analysis, Political Context For much of the twenty century, Ethiopia was ruled by highly centralized governments. The current ruling party EPRDF has governed Ethiopias since 1991 . Since taking power of the EPRDF has led an ambitious reform effort to initiate transition by more democratic system of governance and decentralize authority .It has involved devolving powers & mandates first by ...

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Negative Consequences Of Pollution

23 Mar 2015 01 Jun 2017

9 (3,310 )

Keywords: pollution third party effect, pollution effects, pollution cancer causes Externalities are known as the third party effects evolving from the production and consumption of goods and services in which the third party does not receive any appropriate consumption. Externalities are the root to market failure if the pricing system does not consider the social costs and benefits of production and consumption. The provision of the incorrect ...

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Inferior and Luxury Goods Differences

23 Mar 2015 01 Jun 2017

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An inferior good is a good that decreases in demand when consumer income rises. it has a negative income elasticity of demand. Typically inferior goods or services tend to be products where there are superior goods available if the consumer has the money to be able to buy it. Examples include the demand for cigarettes, low-priced own label foods in supermarkets and the demand for council-owned properties ...

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Conclusion of New Economic Policy

23 Mar 2015 01 Jun 2017

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The New Economic Policy or Dasar Ekonomi Baru of Malaysia was a socio-economic restructuring affirmative action plan. The Malaysian NEP was launched and implemented by then Prime Minister Tun Abdul Razak in 1971 in response to the post-election racial riots of 1969. Supposedly, the time period for the implementation of the NEP was from 1971 to 1990. The conceptual policies of the NEP were implemented in the ...

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Impact of Inflation on China's Economy

23 Mar 2015 31 May 2017

3 (1,018 )

Keywords: inflation in china, china inflation causes Chinese inflation is rising too fast But it's had another major side effect. The Chinese economy is fast overheating. All that extra liquidity is driving up prices and wages, while property values have soared. In October, the official figures showed China's cost of living climbing by 4.4% year-on-year. That was the fastest increase in more than two years. And the ...

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Advantages and Disadvantages of Globalization

23 Mar 2015 31 May 2017

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Keywords: disadvantage of globalization, advantage of globalization The term globalisation has many understanding from different people. Hill, (2005) as cited in Stuart, et al (2010), mentioned it refers most countries would shift toward a more integrated and interdependent world economy by the merging of historically and separated national markets into one huge global market place. Gavin C(2009)stated that it had replace those economic expressions such as'internationalization' and ...

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Power Sector Analysis: Porters Five Forces Model

23 Mar 2015 31 May 2017

6 (2,395 )

More than 63% of India's total installed capacity is contributed by thermal power. Western region accounts for largest share (30.09%) of the installed power in India followed by Southern region with 27.76%. Unbalanced growth remains the cause of concern for the Indian power sector. Only about 56% of households have access to electricity, with the rural access being 44% and urban access about 82%. Southern region remains ...

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Daiichi Sankyos Ranbaxy Acquisition Analysis

23 Mar 2015 31 May 2017

10 (3,897 )

Keywords: ranbaxy daiichi sankyo deal case study, ranbaxy daiichi merger analysis With the spiraling up healthcare charges and government expenditure on public healthcare, many developed countries are trying to promote generic drugs. The demand for generics is also complemented by wider access to healthcare in developing economies. This coupled with the expiry of many patented drugs around the corner, many brand name pharmaceutical companies tried to acquire ...

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Economic Factors And Consumer Durable Goods

23 Mar 2015 31 May 2017

6 (2,296 )

INTRODUCTION TO CONSUMER DURABLE GOODS In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods, because they should theoretically never wear out. Highly durable goods such as refrigerators, cars, or mobile phones usually continue to be useful for three or more years of use,[1] so durable goods are typically characterized by ...

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Introduction To The Perfect Competition

23 Mar 2015 31 May 2017

7 (2,580 )

Keywords: monopology introduction, monopoloy competition concept Microeconomics is about economizing choices among alternatives uses of scarce resources. The choices are made up by the individuals. businesses, and government units. Scarcity can be say as the central of the economic theory. Economic analysis is fundamentally about the maximization of leisure time, wealth, health, happiness, these are all commonly reduced to the concept of utility subjects to constraints. These ...

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Lewis Ranis-Fei model | Analysis

23 Mar 2015 31 May 2017

5 (1,978 )

William Arthur Lewis, with his most famous published work, “Economic Development with Unlimited Supplies of Labour” (Manchester School, May 1954) and “The Theory of Economic Growth” (Allen and Unwin, 1955), made a great contribution to the theories of economic development. Based on his findings, Ranis and Fei succeeded to extend the initial Lewis' model and assessed the changes in the agricultural and industrial labour in more detail. ...

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Oligopoly Market Conditions

23 Mar 2015 31 May 2017

3 (1,060 )

Keywords: oligopoly introduction Oligopoly is such a market situation wherein the number of sellers is few and the numbers of buyer are many. That is unlike the monopolistic competition the seller are not one but at least two and could range up to ten. This is because of the following reasons. Heavy input costs of producing the product making it difficult for every firm to make investments. ...

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Migration In Malaysia

23 Mar 2015 31 May 2017

9 (3,205 )

Keywords: pull factors of malaysia Throughout human history, migration of human beings is a pre-requisite of human progress and development. Without migration, human being would be doomed to an existence worse than that of the animals. Even animals migrate to seek a better life. The first humans migrated out of Southern Africa thousands of years ago and spread throughout the world and people have been moving about ...

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Demography Essay: Study of Human Population Dynamics

23 Mar 2015 31 May 2017

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Keywords: demography essay, essay on demography Demography is the study of human population dynamics. Population is shaped by a number of factors including fertility, mortality, migration and urbanization. Significant demographic changes have been shown in many parts of the world. The world population growth has been decelerating since 1970s. Fertility rates in more developed countries (MDCs) have been showing a declining trend, whereas an increasing one in ...

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Concepts Of Scarcity And Choice

23 Mar 2015 31 May 2017

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Keywords: concept of scarcity, scarcity and choice Economics can be defined as "the study of the practical science of production and distribution of wealth ( J S MILLS). The objective of all persons is to earn money by working in order to satisfy their wants. Unfortunately people earnings are never enough in order to satisfy their unlimited wants as there is a lack of resources in terms ...

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Salient Features of Special Economic Zones

23 Mar 2015 31 May 2017

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Keywords: features of sez, features of special economic zone A Special Economic Zone (SEZ) is a geographically bound zone where the economic laws in matters related to export and import are more broadminded and liberal as compared to rest parts of the country. SEZs are projected as duty free area for the purpose of trade, operations, duty and tariffs. SEZ units are self-contained and integrated having their ...

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Factors Exerting Limits On The Size Of Firms

23 Mar 2015 31 May 2017

6 (2,279 )

Keywords: size of the firm, factors that determine the size of a firm Before explaining the factors that exert limits on the size of firms, it is very important to understand what a firm is and how do we measure it's size. Let's start with a basic definition of a firm. In simple terms, a firm is a legally recognized organization designed to provide goods, services or ...

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Base Multiplier Approach Research

23 Mar 2015 31 May 2017

5 (1,855 )

Keywords: money supply base multiplier Traditionally, it has been shown controversially that money supply is determined using the base multiplier approach. 'The multiplier model of the money supply, originally developed by Brunner (1961) and Brunner and Meltzer (1964) has become the standard model to explain how the policy actions of the Central Bank influence the money stock' [1] . However, there is more than sufficient evidence to suggest that ...

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Farm Size and Productivity Research

23 Mar 2015 31 May 2017

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The relationship between the size of Farm in hectares and the productivity in Yield/hectares is hotly debated issues in Indian agriculture economics. This issue was first raised by AK Sen in 1960s with respect to Indian economy. The major objective of this paper would be to analyze the relationship and the major factors influencing this relationship along with its implication. The size of holding depends on certain ...

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Mauritius PESTLE Analysis: Tourism and Economy

23 Mar 2015 31 May 2017

7 (2,410 )

Mauritius Republic of Mauritius Republic Moris République de Maurice Country Name - Mauritius Area-2040km2(179th) Population 12,88,000 Density -631.4/km2 Capital City -Port Louis Currency -Muritiunrupee (Mur) Languages -Mauritian creole,French,English,Bhojpuri. Mauritian government parliamentary Republic President- President Sir Anerood Jugnauth Primeminister-NavinRamgoolam Independence from -U.K in 12 march 1968 RepublicDay-12march1992. Pestle Analysis of Mauritius In PESTLE analysis of Mauritius, I analysis the political, economic, social, technological, legal, and environmental structure ...

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Aldi and Lidl's Market Strategy

23 Mar 2015 31 May 2017

6 (2,005 )

Keywords: aldi strategy analysis, lidl market expansion, aldi market expansion Aldi and Lidl are both successful grocery retailer stores that started off their business in their home country Germany and ended up expanding their markets to almost all parts in Europe. In case of Aldi, they even have their stores in Australia and Unites States. They both had the perfect market strategies for their grocery retail store ...

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The Functions Of Financial System

23 Mar 2015 31 May 2017

5 (1,706 )

Keywords: financial development theory, financial development effects The objective of this chapter is to provide a theoretical and empirical literature review of the relationship between financial development and economic growth in general and more narrowly at sectoral growth analysis. Therefore, it is important to determine what financial development relates to, how the financial sector and overall economy are related to each other, and the implications of ...

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H&M Supply Chain and Outsourcing

23 Mar 2015 31 May 2017

6 (2,356 )

Keywords: outsourcing labour, cheap labour bangladesh, globalization cheap labour A multinational corporation is a term referring to an organization that conducts business operations out of countries other than the home nation. As economic globalization becomes an increasing movement in modern society, it is not abnormal to see a greater frequency of these types of corporations conducting their business with a variety of countries. More specifically, over time, ...

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Benefits of Perfect Competition

23 Mar 2015 30 May 2017

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Competition is a very important factor for the economists which makes them very enthusiastic, because is a very good thing economically because of its efficiency. Efficiency helps the society make the most of its scarce resources so markets that are high competitive force all the firms to very efficient if the conditions are right. Perfect competition is when the assumptions of a market structure are very strong ...

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Regional Rural Banks In India

23 Mar 2015 30 May 2017

8 (2,905 )

It is expected to policy-makers that rural development programmes are strategically designed to improve the living conditions of a specific groups of rural people. It includes small and marginal farmers, landless agricultural laborers, artisans' class and socially and economically backward castes and classes. Credit is one of the most urgent aspects to make rural development strategy and programmes successful and with this reason, the regional rural banks ...

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Challenges Faced by Indian Paints

23 Mar 2015 30 May 2017

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The prices of paints largely depend on the cost of raw material. There are around 300 odd raw materials required for the manufacturing of paints. The major raw-materials are titanium dioxide, phthalic anhydride and peutarithrithol. These constitute around 50 percent to total cost. Titanium dioxide alone contributes 30 percent to the cost. The other raw materials like linseed, castor, soyabean oils, etc. add up to the whole ...

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Heckscher Ohlin Theory

23 Mar 2015 30 May 2017

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Keywords: heckscher ohlin model, factor endowment theory Heckscher-Ohlin (H/O) theory is also known as factor-endowment theory. . It is a basic model of trade and production. It emphasises the differences in factor endowment between countries are the basis for international trade. The Heckscher-Ohlin model assumes two production factors and an internationally uniform production for each of two industries. Country will export the commodity that use relative intensively ...

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Price Elasticity in Air Travel

23 Mar 2015 30 May 2017

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Introduction: Elasticity is define as the "quality sth has being able to stretch and return to its original size and shape". (Oxford advanced learners dictionary 6th edition). In Physics elasticity is defined as "the property of a substance that enables it to change its length, volume, or shape in direct response to a force effecting such a change and to recover its original form upon the removal ...

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Stakeholder Interest and Wealth

23 Mar 2015 30 May 2017

5 (1,785 )

Keywords: stakeholder interest theory Until now, the discussion between shareholder value perspective and stakeholder perspective has still been argued critically. Some people think that stakeholder interest should be superior over shareholder wealth maximisation , but others argue that shareholder wealth maximisation should be the prime concern. However, it is obvious to realize that shareholder wealth maximisation is the objective of a firm and shareholder wealth maximisation should ...

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Data Analysis Chapter Example

23 Mar 2015 26 May 2017

9 (3,286 )

Keywords: land ownership pattern, poverty of koyra This chapter will focus on the results of the data analysis. The first section will discuss the descriptive statistics and in the second section the results of the Heckman two-step approach will be discussed. Descriptive statistics The descriptive statistics of the survey data will be discussed by comparing and characterizing the households that affected and do not affected by the ...

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Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) Results

23 Mar 2015 26 May 2017

3 (906 )

Keywords: adf test, pp test economics While analyzing time series data, it is important to check the order of integration of the variables. Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) unit root test are used at level form and first difference of each series. The results of the unit root test are reported in Table 5.9 taking into consideration of the constant-trend variables and without the constant-trend variables. ...

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The Budget Deficit

23 Mar 2015 26 May 2017

6 (2,194 )

Keywords: us federal budget,us fiscal policy analysis. budget deficit causes The federal budget deficit is where the government spends more than it receives in income. For the federal fiscal year ending in 2011, the deficit is predicted to be approximately 1.26 trillion. When compared with other countries this is a large sum of money, but the deficit has dropped in recent years, which shows that government spending ...

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Profit Maximisation and Shareholders

23 Mar 2015 26 May 2017

6 (2,026 )

Keywords: shareholder profit, short term profit Profit is obtained by subtracting total cost (TC) from total revenue. Under the assumption of the neoclassical theory, a firm will aim to produce a level of output where the difference between the total revenue and total cost is the greatest as mentioned by Holcombe (2009) whom supported Pindyck and Rubinfeld's explanation. "The maximisation of TR-TC is the equilibrium condition for ...

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The UK Tax System

23 Mar 2015 26 May 2017

4 (1,520 )

Keywords: uk tax history, uk corporation tax analysis, uk tax system THE UK tax is the most perfect tax system that could be devised. However few members of the public appreciated this. How would you correct their perception? Introduction: It has been suggested that over the years, the UK tax system remained the most perfect tax system. However, a few members of the society disagree and raise ...

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Solutions to Inflation

23 Mar 2015 25 May 2017

4 (1,379 )

Keywords: solutions to inflation, inflation solution Introduction In the recent past the world economical environment has been at a the stand still this is as a result of unstable economical growth in the world today. This is as a result of the poor flow of resources in the worlds, thus resulting to inequality amongst the people in the universe resulting to negative aspects such as inflation of ...

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Research Paper on Drugs

23 Mar 2015 25 May 2017

6 (2,051 )

Keywords: reaction paper about illegal drugs, drug definition, effects of drugs, illegal drug addiction Definition of a Drug The definition of a drug is a chemical substance used in the treatment, cure, prevention, or diagnosis of disease or used to otherwise enhance physical or mental well-being. Illegal drugs obviously mean drugs that are prohibited and banned by law. The difference between legal drugs and illegal drugs is ...

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Export Promotion and Import Substitution

23 Mar 2015 25 May 2017

4 (1,334 )

Keywords: export promotion vs import substitution, export industrialization The emphasis that Countries have placed in their development strategies in favor of either export led growth strategy or import substitution has influenced the evolution of current account balances and growth of output. In the case of import substitution, by contrast, the costs of the strategies have often turned out to be greater than anticipated. In particular, the methods ...

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Infrastructure in Economic Growth

23 Mar 2015 25 May 2017

4 (1,385 )

Keywords: africa economy infrastructure, developing countries agriculture The significance of infrastructure being used as a tool to promote development is one that is very clear from an economic perspective, with benefits such as lower production costs, increased output, discovery of new markets, and increased economic growth driven by capital accumulation and total factor productivity gains. Accordingly, infrastructure facilitates improvement in the quality of life of people, and ...

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The UK Supermarket Oligolopy Structure

23 Mar 2015 25 May 2017

3 (882 )

Keywords: oligopoly market uk, oligopoly market advantages, consumers in supermarkets There are mainly five key players in the supermarket industry- Tesco, Asda, Sainbury, Safeway and Morrisons (ChinaCCM). Thus, the supermarket industry in the UK could be described as an Oligopoly Market. Oligopolies lie between the definitions of perfect competition and pure monopoly. Firstly, there are several sellers but only a few big companies who have a large ...

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