The Four Characteristic Of Monopoly

23 Mar 2015 25 Apr 2017

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Monopoly is a single company or industry to produce unique goods or service and there are without substitutes. Besides that, monopoly has few characteristic in this market which is single seller and many purchasers, its produce unique goods and there have strong barriers to entry this market. Furthermore, there have four types of competition in this market which is perfect competition, monopolistic competition, oligopoly and monopoly. From ...

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Indonesia Has A Mixed Economy

23 Mar 2015 25 Apr 2017

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Indonesia has a mixed economy which both the private sector and government play significant roles. According to WTO data, Indonesia was the 27th biggest exporting country in the world 2010, moving up 3 places from a year 2011. Indonesia's main export markets (2009) are Japan (17.28%), Singapore (11.29%), the US (10.81%), and China (7.62%). The major suppliers of imports to Indonesia are Singapore (24.96%), China (12.52%), & ...

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Report on Investment in Country X

23 Mar 2015 25 Apr 2017

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The market rewards an investor for bearing risks, and therefore it is critical to understand the risks underlying. In case of investing in Country X, the following are the risks an investor is exposed to: Equity Risk: The risk of investing in equity instead of investing in risk-free instrument Sovereign Risk: The risk the government of Country X defaults on its debt, which is correlated with Country ...

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The Law Of Diminishing Marginal Productivity

23 Mar 2015 25 Apr 2017

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The law of diminishing marginal productivity states that if there is marginal increase in the total output it reduces with increase in with variable input after a certain point. Basically the efficiency reduces after certain stage as in ratio wise because the input increases gradually with certain considerable factor but the output expected in comparison to the increase in output .This is applicable in all the production ...

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Impacts of trade liberalization on Nigeria

23 Mar 2015 25 Apr 2017

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Introduction Despite the submission of some literature confirming the positive association between trade liberalization and poverty alleviation, it remains a complex ordeal to clearly state if trade liberalization is positive or negative for developing countries. Winters et al (2004),Reimer (2002), Stiglitz &Charlton (2005),George (2010) identified various connections between trade liberalization and poverty alleviation , such as the price and availability of goods, factor prices, revenues from ...

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Environmental conditions: Apple iTunes in the UK

23 Mar 2015 25 Apr 2017

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1. Introduction The following report will carry out an assessment of the macro and micro environmental conditions that are likely to impact upon Apple iTunes within the United Kingdom. The analysis which will be carried out will include an assessment of the degree of the threat or the opportunities posed by the existing and potential competition. iTunes is a digital media player application which is used ...

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Is Globalisation A Threat Or An Opportunity?

23 Mar 2015 25 Apr 2017

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Is globalisation a threat or an opportunity for business? The key objective for any business organisation is to maximise profit, if a manufacturing or service industry in any country is progressive in their field of practice, there maybe a need for them to invest or open other subsidiary operation in other country where there is a rising demand for their goods or services Sloma (2004). Furthermore, (Post ...

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Egypt's tourism industry

23 Mar 2015 25 Apr 2017

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1) The impact of financial crisis on tourism Egypt's tourism industry, one of the main sources of hard currency has started to become affected by the global financial crisis with more than a 30% decline in hotel bookings in January 2009 when compared with January 2008. [1] During the last two decades, the tourism industry in Egypt has proven to be one of the major industries and ...

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Impact Of Globalization On Indian Pharmaceutical Industry

23 Mar 2015 25 Apr 2017

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Globalization is a progression which engages economic inter-dependence of countries world-wide eliminating all obstacles for economic integration as if the whole world is a single village. Evidently, in this process, the affluent nations with greater financial power, manipulate the scenario to their suitability and the poor and the developing nations are compelled to integrate, surrendering their economic independence aware of the consequences towards their own interests. In ...

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Example Of A Monopoly Firm

23 Mar 2015 25 Apr 2017

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A perfect competition is a free entry and exit to industry. It is a standardized type of product and it provides homogeneous products like Coca-Cola. It has large numbers of buyers and seller. Other than Coca-Cola, there are other products like Pepsi, Sprite, 7-up and many more. Therefore, no individual seller can influence the price of the product. Sellers like Coca-Cola are price takers as they have ...

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Structural And Cyclical Unemployment

23 Mar 2015 25 Apr 2017

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Unemployment has four types. There are frictional, structural, cyclical and seasonal unemployment. All the types of unemployment will occur in our country. Structural unemployment means the unemployment arising from a persistent mismatch between the skills and attributes of workers and the requirements of jobs [1] . These changes simultaneously open new positions for trained workers. An example of structural unemployment is the technological revolution. Computers may have eliminated jobs, ...

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Market System Isnt Able To Allocate Resources Efficiently

23 Mar 2015 25 Apr 2017

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Cliffs Notes defines an economy as a social system that produces, distributes, and consumes goods and services in a society. Three sectors make up an economy: primary, secondary, and tertiary. The primary sector refers to the part of the economy which engages in the production of raw materials, such as crude oil, timber, grain, or cotton. (CliffsNotes (n.d) [online]) The secondary sector, made up of factories, changes ...

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A Brief Description Of Singapore

23 Mar 2015 25 Apr 2017

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A Journey into Singapore's Past While the earliest known historical records of Singapore are shrouded in the mists of time, a third century Chinese account describes it as "Pu-luo-chung", or the "island at the end of a peninsula". Later, the city was known as Temasek ("Sea Town"), when the first settlements were established from AD 1298-1299. During the 14th century, this small but strategically located island earned ...

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Market Competition: the Shek Tong Tsui fish market

23 Mar 2015 24 Apr 2017

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Market Competition Fish To what extent does the Shek Tong Tsui fish market illustrate perfect market competition Abstract This essay analyses to what extent the fish market illustrates perfect competition. The results from the research of the prices paid by individual buyers at the Shek Tong Tsui fish market in Hong Kong. As assumptions, the fish market is a highly competitive market in which there should be ...

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Restraint of trade: Woolworths Ltd v Olson

23 Mar 2015 24 Apr 2017

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CASE ANALYSIS: Introduction: Restraint of trade is a contractual term which seeks to restrict the extent of a party to engage in business. 'Under the common law doctrine of restraint of trade, any undue restriction on a person's capacity to engage in trade will be treated as invalid, even if the restriction has been freely accepted.' In Woolworths Ltd v Olson [2004] NSWCA 372, the issue ...

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A GDP comparison of India and China

23 Mar 2015 24 Apr 2017

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China and India are the two giant's economies of Asia, which are now regarded as the "success stories" for their massive economic development for the past two decades. On their way to economic growth they have more dissimilarities than similarities. The most common things among them are their ancient civilizations, population, covering substantial geographical areas and developing economies of the world. They both apparently benefited from globalization ...

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Oligopolistic Market Structure Of Asian Sky Shop

23 Mar 2015 24 Apr 2017

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Teleshopping in India has been completely transformed through a past couple of years, yet there is still lack of organization in the industry. For my extended essay I chose to investigate the type of market structure Asian Sky Shop is operating in, thus my research question - "Is Asian Sky Shop in Mumbai functioning as an Oligopolistic market structure?" To narrow the scope of my research in ...

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The supplies of sugar in Malaysia

23 Mar 2015 24 Apr 2017

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Sugar is necessary for the people. A sugar shortage will immediately influence the local hypermarket to impose a 2 kilogram- per-customer ration. Supplies of the sugar are scarce in Malaysia because of a global shortage and a decades-old government price cap that encourages people to smuggle the sugar across the border into Thailand, where it fetches double the price. The government needs to more flexible price controls. ...

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The Impact Of Globalization On Business Development

23 Mar 2015 24 Apr 2017

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Introduction Thesis Statement: Globalization has positive impacts on business development of Uzbekistan. These advantageous impacts of globalization caused by spur of foreign competition, increased investment opportunities and exchange of technologies. Body Spur of foreign competition Driving up standards of quality Driving down prices Increased investment opportunities Increasing of production efficiency Experienced and skilled managers Exchange of technologies Access to the latest technologies Automated manufacturing Conclusion Considering all ...

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Basic Wage Component Of Pay Packet

23 Mar 2015 24 Apr 2017

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INTRODUCTION Compensation Management is the most important concept from the organisation's point of view. Today, it is the biggest problem for every organistion to retain and attract the employees. So, to remove these problems an organisation should have a deep knowledge about Pay-packet composition. Pay packet is a comprehensive term consists of several elements. Its compositions are - Basic wage, Dearness allowance, House rent allowance, City compensatory ...

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Food production and export goods

23 Mar 2015 24 Apr 2017

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Assess the advantages and disadvantages for poor country governments of food production over export goods. This essay argues that food production should be on top of the priority list of governments of the poor countries, because of the increase in of food prices globally at a time of global economic downturn and for the purpose of achieving food sovereignty and food security The discussion highlight the failure ...

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Marketing practices in the olive oil industry

23 Mar 2015 24 Apr 2017

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Introduction Olive oil is claimed to be beneficial for health, as it is rich in vitamin E and it does not contain preservatives it is widely used in cooking worldwide. As Duff (1998), mentions the preference for olive oil is due to health reasons, because as it was found, the replacement of saturated fats by olive oil results in a lowering of the rate of heart disease. ...

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Oil Palm Production: Analysing Efficiency of Factor Production

23 Mar 2015 24 Apr 2017

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Introduction Khairil, et.al.(2010) in their study said that Malaysia and Indonesia palm oil plantations are the major commodity producer with Indonesia currently is the largest producer followed by Malaysia being the world’s second-largest area of oil palm. This is supported by Parkhomenho in his study that Malaysia and Indonesia are major producers of palm oil in the world. In 2000, the total oil produced is 23 million ...

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Microfinance and SMEs in Tanzanias economy

23 Mar 2015 24 Apr 2017

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INTRODUCTION This essay analyses the influence of microfinance to the growth of SMEs in Tanzania. In most of emerging economies small and medium enterprises (SME`s) are considered important for creating employment and contribution to private sector development they are recognized as they continue to play an important role in economic development of any country due to their ability to raise incomes and creation of jobs in environments ...

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Profitability In The Soft Drink Market

23 Mar 2015 24 Apr 2017

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The soft drink industry has been a profitable one in spite of the "cola wars" between the two largest players. Several factors contribute to this profitability, and these factors also help to show why the profitability of the concentrate production side of the industry has been so much greater than the bottling side. Over the years the concentrate producers have experimented with different levels of vertical integration, ...

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Effects of inflation and other variables on economic growth

23 Mar 2015 24 Apr 2017

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The research that I have conducted basically enlightens the effect of inflation on economic growth along with three more variables; Interest rates, Growth of money supply and FDI. Regression is run on the variables and the results show that three of the four variables are holding significant affect whereas one of the variables, i.e., FDI is insignificant. Moreover, the results are analysed looking at the T-Statistics and ...

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Pest Analysis: Nigeria, China, US And UAE

23 Mar 2015 24 Apr 2017

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No two countries in the world are exactly alike. The differences are based on various demographics, legal systems, economic/political frameworks, etc. A tool enabling comprehensive analysis of countries' differences is PEST. The PEST framework analyzes the 'Political, Economic, Social and Technological' facets of a country. COUNTRY ANALYSES Four different countries were chosen based on their differing systems of government and economic frameworks which are summarized in the ...

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Tuition Fees In England

23 Mar 2015 24 Apr 2017

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English universities are well-known throughout the world for their excellence. Yet, in less than twenty years, Higher Education was reformed. Before 1988, Local Education Authorities was in charge of Higher Education, its funding, its functioning, and of students' grants of its area. The adoption of the 1988 Education Act under Margaret Thatcher's government marked the beginning of long series of reforms. The last to date made the ...

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Corporate Logics Adopted By SABMiller

23 Mar 2015 24 Apr 2017

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Since inception SABMiller has shown tremendous elasticity in its operations and organisation. The mining communities in South Africa provided recognition of enormous potential in the market which established SABMiller in Johannesburg. Over a timeline of few decades the company started dominating the beverage industry in South Africa and made a firm position in the market. The overall development during this period showed enhanced combined effect of management ...

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Interaction between Monetary and Fiscal Policy

23 Mar 2015 24 Apr 2017

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Introduction: The objective of macroeconomic policies is to obtain noninflationary, stable economic growth. Fiscal and Monetary policies are major components of macroeconomic policy. In many countries central banks choose monetary policy with a certain degree of independence with literally no direct control from government. On the other hand fiscal policy is chosen by governments using the tax levels and government spending. While fiscal and monetary policies are ...

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The Role Of Customs And Excise Agency

23 Mar 2015 24 Apr 2017

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The rapid pace of globalisation is inevitable. Such a rapid global trade is driven by technological changes on transportation and communication, the increasing of population, and multilateral trade agreements. In some aspects, global trade has brought many benefits. It opens up a whole range of job opportunities to the citizens, provides affordable goods and services, accelerates economic growth and offers prosperity to the country. Then, participating in ...

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Cipla Business Model And Tension Between Generics

23 Mar 2015 24 Apr 2017

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INTRODUCTION Cipla is one of India's largest pharmaceutical firms that have been made to adjust their operations due to the recent changes in the environment. The aim of this essay is to therefore analyse the business model of Cipla. The essay also proposes that despite continuous competition between generic firms like Cipla, there is the potential to form a collaborative relationship with big pharma firms like GSK. ...

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Importance Of Financial Inclusion In The Indian Scenario

23 Mar 2015 24 Apr 2017

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Gandhi had once had once remarked, "Our cities are not India. India lives in her seven and a half lakh of village….." (Gandhi 1966:288-89). Thus to build a strong India it becomes very necessary to strengthen and build its villages. The banking and financial services in our country had been limited to a section of elite population. Despite huge demand for these services the financial structure of ...

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Structure Of Retail Sector In India

23 Mar 2015 24 Apr 2017

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Abstract Despite the ongoing wave of incessant liberalization and globalization, the Indian retail sector is still aloof from progressive and ostentatious development. This dismal situation of the retail sector undoubtedly stems from the absence of a Foreign Direct Investment (hereinafter referred as "FDI") encouraging policy in the Indian retail sector. In this context, attempts have been made to study the strategic issues concerning the structure of Indian ...

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Pricing in the sugar industry of Malaysia

23 Mar 2015 24 Apr 2017

3 (920 )

Introduction To start with, presently, the sugar industry is grouped by gradually increasing domestic consumption by the people in Malaysia and all over the world. And the consumption of sugar is enhanced by industries that produce food materials. Like this, the demand for sugar is high. The supply side is probably not expandable due to the small production based sugar companies around. Shortage of Supplies The term ...

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The Black Economy In India

23 Mar 2015 24 Apr 2017

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It has been reported that, "Black money today is created at every level of the Indian economy". As the 'Parallel Economy' is unaccounted for, the official National Income accounts do not represent the true state of the economy. In light of this statement, Give the future directives on the parallel economy and cite the practical obstacles faced on the way to fight the black economy. INTRODUCTION Parallel ...

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Extent of competition in the banking industry

23 Mar 2015 24 Apr 2017

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Corporate services -- fixed cost Hourly personnel is a variable cost because the cost is dependent upon how many revenue hours are worked by the staff. If they sell for 0 hours, there is still a rent expense. Power is a variable cost because the cost is directly related to the number of hours computers were used in operation. The more hours used, the higher the cost ...

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The Main Actors In The Markets

23 Mar 2015 24 Apr 2017

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According to economics.about (n.d), a market is any place where the sellers of a particular good or service can meet with buyers of that goods and service where there is a potential for a transaction to take place. The buyers must have something they can offer in exchange for there to be a potential transaction. A market is any convenient set of arrangements by which buyers and ...

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Contribution of SMEs to the Malaysian economy

23 Mar 2015 24 Apr 2017

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Today, economic development is fast becoming the focus of many governments. In this, businesses are springing up and forth from different dimension. One of these businesses prominently known in Malaysia is the SME which stands for small and medium enterprises. The growth and roles of SMEs has risen to become one vital and crucial in the Malaysia economy. At the turn of the 21st century, Malaysia is ...

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Planning International Pricing Decisions

23 Mar 2015 24 Apr 2017

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Outline and discuss the main factors a marketing firm would have to take into account when planning international pricing decisions. (50% of the available marks for this question) Introduction Many organizations emphasize that price is the most independent, variable yet convenient element of marketing mix. Pricing plays a main role in the international marketing and implementing effective marketing strategies. Price is one of major part of marketing ...

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The impact of economic growth on environmental performance

23 Mar 2015 24 Apr 2017

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The main subject of interest in this research is the impact of economic growth on environmental performance. Meadows et al. (1992) argues that, although a threat to the environment in the long-run, economic growth is essential to maintaining environmental quality (PAPER 1). This concern has resulted in a large stream of research based on the notion of environmentally sustainable economic development that investigates the trade-off between economic ...

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The Implications Of The PPP Theory

23 Mar 2015 24 Apr 2017

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The theory is advantageous in the way that its applications make good profit as an observance of absence of PPP. As the above example, suggests that theory of PPP is useful to decide whether it is profitable to invest in a particular country. In Vietnam dollars go substantially further than in the U.S, so venture can be carried out with small funding because labour, supplies and rent ...

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The number of international tourists arrival to Malaysia

23 Mar 2015 24 Apr 2017

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Economic of Malaysia is growing rapidly in this few years; Malaysia has a lot of natural resources, such as tin, palm oil and rubber. Therefore, the natural resources can be the largest sources of income in Malaysia; it can help Gross Domestic Product (GDP) increasing and earning foreign exchange and tourism is the second largest sources income of foreign exchange. Tourism plays an important role for Malaysia. ...

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Financial analysis of companies

23 Mar 2015 24 Apr 2017

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Financial Analysis Financial analysis is the process by which companines or businesses big or small have a look at their progress. There are three aspect of the business which are examined this include viability,stability and profitability.Financial analysis could also be called financial statement analysis. Financial analysis report are prepared from ratios taken from the financial statement of the business which the management use to act on the ...

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Regional Trade Agreements

23 Mar 2015 24 Apr 2017

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Regional Trade Agreements Introduction "We should be thankful for the PTA’s" Mr. Bergsten, one of the leading advocate of RTA’s, says. With the WTO ongoing multilateral Doha Round of trade liberalization negotiations still stalled six years into the talks, the preferential deals helpfully "keep the bicycle moving forward" (Greg 2007). RTA’s Helps in moving forward despite the turbulent journey of WTO. There has been a rapid growth ...

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Effects of sports on Indian economy

23 Mar 2015 24 Apr 2017

5 (1,733 )

Introduction The use of sports markets to explore questions of economic interest has a long history as the majority of this literature analyses US sports, notably American football, basketball, baseball, and ice hockey, whilst there is also a considerable interest in soccer, the leading world sport. For example, the 1998 European Short Course Swimming, 1999 European Show Jumping and the 2001 World Half Marathon Championships. Over the ...

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ACER PEST Analysis: India And Germany

23 Mar 2015 24 Apr 2017

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PEST analysis stands for political, economic, social and technological factors which are used to analyse a macro environment ,market decline or growth, potential before setting up a firm in that particular environment . The output of the PEST gives a clear idea of environmental conditions so that firm can change its mission and vision accordingly. A positive result of PEST analysis gives a firm strong hold for ...

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International Political Economy in today's world

23 Mar 2015 24 Apr 2017

4 (1,428 )

Since the 15th century, numbers of IR theories had been formed and development. Among that, there are four major theories which have deeply taken into IR study and today world explanation namely Realism, Liberalism, International Political Economy (IPE), and International Society. Some theories were applicable during the past period only, but some still have a concrete explanation to the current world's trends. However, I think IPE is ...

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Disinvestment And How It Benefits India

23 Mar 2015 24 Apr 2017

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Disinvestment, or divestment, refers to the act of a business or government selling or liquidating an asset or subsidiary or the process of dilution of a government's stake in a PSU (Public Sector Undertaking). The Indian Ministry of Disinvestment in April 2001 published a manual entitled “Disinvestment Policy and Procedures”. In the introduction to the manual it had tried to define Disinvestment by stating: “Privatisation has different ...

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Unemployment In Albania

23 Mar 2015 24 Apr 2017

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Albania is one of the economically last developed countries in Europe. After the collapse of the communist regime, Albania achieved an economical growth, but poverty level is still high. There is a strong link between poverty and unemployment because the lack of employment is one of the main determinants of poverty. Albania is considered as a poor country, that is why a high level of unemployment exists. ...

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CSR in Asia: India, china and Japan

23 Mar 2015 24 Apr 2017

16 (6,173 )

Abstract Investment in social and environmental issues are becoming dramatically important in our modern day world. This has led to an increased reliance on corporate social responsibility reporting. There is a growing debate about how the information about this should be reported. The purpose of this paper is to find out how the governments and the companies in India, China and Japan compare in addressing this issue. ...

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Factors Driving Economic Growth Of India And China

23 Mar 2015 24 Apr 2017

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China and India have a combine population of approximately two and a half billion people (The World Bank, 2000). This means that the two Asian giants control a sizeable segment of the world demand. A demonstration of the huge impact that the combined economies of these two countries can be found by adding their high GDP growth of the last five years, this way one can see ...

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The Barrier Of Entry And Exit Of Firm

23 Mar 2015 24 Apr 2017

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Microeconomic is a behavior of individual economic unit. Microeconomics studies income distribution and resource allocation as the employee affect by the free working of the price system and specific government policies. Microeconomic study how a start-up business follow the consumer needs and choice, and the competition of market and other financial or economic formulas to determine the competitively successful and unsuccessful price of the product good and ...

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Adverse selection and moral hazard in the health insurance market

23 Mar 2015 24 Apr 2017

7 (2,537 )

In the circumstance of free competition, the resources can be allocated efficiently in the market for most commodities. However, such competition mechanism in health care market can lead to ethic issues and inefficiency. Through our research, market failure can be attributed to the following reasons. Externalities is present whenever some economic agent's welfare (utility or profit) is 'directly' affected by the action of another agent in the ...

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Global Financial Crisis Impacted Upon MNCs

23 Mar 2015 24 Apr 2017

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Another oxymoron example is TESCO. TESCO holds 6,351 stores around the world and keeps attracting more customers by cutting down the prices and making special offers all year round. This led TESCO's profits to increase by 10 per cent in 2009 in comparison to the year before. As Chief Executive Sir Terry Leahy had stated in BBC Five Live Breakfast (2009): "This is a good news story. ...

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Microfinance Institutions In Poverty Reduction

23 Mar 2015 24 Apr 2017

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Microfinance can be a critical element of an effective poverty reduction strategy especially for developing countries. The services provided by microfinance institutions can enable the poor to smoothen their consumption, manage their risks better, build their assets gradually, develop their micro enterprises, enhance their income earning capacity, and enjoy an improved quality of life. This paper examined the extent to which Microfinance Institutions (MFIs) contribute to poverty ...

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Political And Economic Analysis: The Netherlands

23 Mar 2015 24 Apr 2017

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Netherlands was known as Holland,capital of the country is Amsterdam. Netherlands is located in Western Europe. It lies between Belgium and Germany which border the North Sea.It is located at the junction of 3 rivers: the Rhine, Meuse and the Schelde. Area: The country has a total area of 41,256 square kilometers. It includes of 33,889 square kilometers of land and 7,643 square kilometers of water. The ...

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The Benefits Of FDI To MNCs

23 Mar 2015 24 Apr 2017

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Globalisation commenced after the World War II, but grew explicitly after the mid-1980s driven by the technological progress as well as rising liberalization of trade and capital markets. However, according to Hood and Young (2000) globalisation began at the time of World Economic Crisis in 1970 (Asian crisis, oil crisis, post-Vietnam war). During that time Western industrialized countries experienced slow down in economies, reduction in profits as ...

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Ease Of Entry Into Industry

23 Mar 2015 24 Apr 2017

5 (1,898 )

In my assignment, we will learn about the degree of competition such as perfect competition, monopolistic competition, oligopoly and monopoly. Beside this, we also learn the features and differentiate of each of the competition. So, we will more understand about the degree of competition. 1.0 Introduction Microeconomics is focuses on patterns of supply and demand and determination of price and output in individual markets. Therefore, even in ...

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Chinese Residential Real Estate Industry Analysis

23 Mar 2015 24 Apr 2017

15 (5,618 )

During last several decades especially last 10 years, a great development has been seen in the Chinese residential real estate industry. From the eastern wealthy cities such as Shanghai to the developing cities which in the western part of China, the residential real estate industry has became an important part of the economy. According to national research the sales of Chinese residential real estate in 2009 was ...

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The Determination Of The Money Supply

23 Mar 2015 24 Apr 2017

5 (1,855 )

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 monetary authorities do not determine ...

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Transaction Cost Economics and vertical Boundaries of Firms

23 Mar 2015 24 Apr 2017

4 (1,545 )

Businesses, though self-motivated, are social mission and their services to continue allocation of economic resources to best serve the end-user rests on their successful and profitable operations. Therefore, the firms keep trying to reduce their risks and uncertainty arising within the interaction of firms in a market and ensure a continued provision of good and services not only for their production facilities but also to the consumers. ...

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PEST analysis: Honda In Malaysia

23 Mar 2015 24 Apr 2017

4 (1,443 )

Malaysia is a developing country. From the year 1960 to 1971, the country's economy was dependent on farming and primary commodities such as rubber and tin. Nowadays, Malaysia is a middle-income country with a multi-sector economy. The GDP growth rate was 5.8% in 2006 and 5.9% in 2007. Domestic demand and dynamism in exports are the main reasons for the economic constancy in Malaysia. Malaysia's economic is ...

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The Economic Environment Of The British Petroleum

23 Mar 2015 21 Apr 2017

4 (1,206 )

The British Petroleum p.l.c. is one of the world's largest energy companies and its performance depends on various economic factors as well as the economic environment of the country it is presented in. The reasons and the consequences of the economic conditions effects will be described below. 1) Economic Growth The economic growth is one of the major factors that influence the performance of a firm, because ...

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Analysing Economic Growth In Malaysia

23 Mar 2015 21 Apr 2017

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Malaysia is a growing and relatively open economy. Three years ago, according to the World Bank (2007), the economy of Malaysia was the 29th largest economy in the world by purchasing power parity with gross domestic product estimated to be $357.9 billion for the particular year. By referring to the economy of the country, we can evoke that during the following long and severe period of recession, ...

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Why Are The Wages Of A Banker Higher?

23 Mar 2015 21 Apr 2017

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Wage differential is the difference in wages of workers who possess different skills, knowledge and expertise in the same industry as compared to others workers with similar qualifications in other industries or geographical regions. Bankers' income is more than that of nurses due to compensating differentials also referred as equalizing difference. Equalizing difference is the additional income offered to the worker to entice or motivate them accepts ...

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The becker time allocation model

23 Mar 2015 21 Apr 2017

5 (1,727 )

The individual labour supply framework operates with two commodities goods (bought with earned or unearned income) and leisure. The individuals level of utility can be derived from the utility function by taking a combination of goods and leisure. Individuals will always try to maximise utility, this can be done by finding the highest indifference curve that is tangential to the budget constraint, as shown below. The consumption ...

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Strengths and Weaknesses of the command economics system

23 Mar 2015 21 Apr 2017

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The basic economic questions arise because of the basic economic problems of resource scarcity. What to Produce We are confronting the problem of resource allocation when the question of what to produce emerges. Since our wants are huge and the resources to satisfy them are limited, we have to set our priorities and when we do that, we are deciding on what to produce. For example In ...

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Effects Of Globalization: Competition And Business Opportunities

23 Mar 2015 21 Apr 2017

5 (1,726 )

In many countries, globalisation provides a mechanism through which poverty can be reduced. The rapid growth of these emerging economies also provides substantial with new markets for exporters and investors and cheaper, more diverse goods and services for consumers (Kohler, 2002). In the essay, I will discussing the view that globalisation has not only significantly increased competition and business opportunities but has and will continue to so, ...

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Factors which influence the demand of housing

23 Mar 2015 21 Apr 2017

4 (1,278 )

There are many factors which has adverse effect on demand of housing some are illustrated below: Price: The fluctuation in prices influences the demand of housing. Suppose, In future if the price of houses is going to rise then people rush in the market to buy more before the prices goes up. So, the demand of housing increases if the price is going up and the demand ...

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The Performance Evaluation Of Airasia Berhad

23 Mar 2015 21 Apr 2017

5 (1,833 )

In this report, the ratio analysis is used to evaluate the performance of AirAsia Berhad in terms of their financial position, profitability and efficiency. The financial statements of Airasia Berhad for the years ended 2009, 2010 and 2011 were reviewed to assess the necessary information for calculating the ratios. Comments Ratio Analysis There are six ratio analysis computed for the three financial years of AirAsia Berhad. The ...

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Analysis Of The Problem Of Unemployment

23 Mar 2015 21 Apr 2017

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As a matter of fact, there are a lot of the meanings of unemployment. Generally, "unemployment" is a state of the people who are without work, seeking jobs or not looking for works. Moreover, we have two ways to express the amount of unemployment, in terms of: a number and a percentage. Unemployment can be estimated as a rate of two numbers: amount of jobless people in ...

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How Economic Systems Deal With Economic Scarcity

23 Mar 2015 21 Apr 2017

6 (2,081 )

In market system and command system, there are five fundamental questions to cope with economic scarcity. There are What goods and services will be produced? How goods and services will be produced? Who will get the good and services? How will the system accommodate change? and How will the system progress? ((Mc Connell, Brue, Flynn, 2009, pg 34) Market System What goods and services will be produced ...

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The US Financial Crisis | Economics

23 Mar 2015 21 Apr 2017

5 (1,989 )

As we know, the U.S. had faced with economic crisis since the Great Depression. The U.S. financial crisis or we know as the 'Hamburger crisis,' started in the home mortgage market, especially the market for 'subprime' mortgages, which is one type of loan that are suit for low-income borrowers (Hamburger, 2009). The home mortgage market spread beyond subprime to prime mortgages, commercial real estate, corporate junk bonds, ...

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Directions Of The Rubber Industry In Malaysia

23 Mar 2015 21 Apr 2017

13 (4,815 )

The issue of our topic is tightness in rubber supply in Malaysia. The natural rubber production in Malaysia is declining recent years. The statement of supply-demand balance of natural rubber in ANRPC member countries during 2009 state that Malaysia's total supply is 1751000 tonnes while total demand is 1765000 tonnes. There is a natural rubber demand surplus of 14000 tones. Natural rubber will remain in tight supply ...

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Effects Of Food Aid For Developing Countries

23 Mar 2015 21 Apr 2017

4 (1,501 )

Undoubtedly, providing food aid to developing countries has indefinitely saved the lives and alleviated poverty standards of millions of people all over the globe. Therefore, the relative accomplishment and achievements of food dumping in such poverty-struck regions of the world can obviously not be underestimated. However, people often tend to overlook the downfalls of food aid and focus on the positive impact it has made to our ...

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Impact Of Offshore Outsourcing On US Economy

23 Mar 2015 21 Apr 2017

4 (1,539 )

The purpose of this paper is to introduce, discuss, and analyse the topic of the American business practice of outsourcing jobs offshore. Specifically it discusses the cause and effect of this practice on the American economy, labour force, customer service, etc. Outsourcing a variety of American jobs overseas has become common practice during the last decade or so. The cause of this practice is clear. American wages ...

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The Widening Income Gap in Vietnam

23 Mar 2015 21 Apr 2017

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Vietnam has experienced rapid economic growth in the last two decades with an average GDP growth rate of 7.1% while the proportion of the population living below the poverty line has dropped from 20.2% in 2005 to 12.3% in 2009 (ADB 2009). However, while the country moves towards its goal of becoming an industrialized nation by 2020, the income inequality gap continues to widen. The Gini coefficient ...

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Debates on the UK minimum wage

23 Mar 2015 21 Apr 2017

6 (2,113 )

'Using demand and supply sides, examine the arguments in favour and against the minimum wages in UK' Minimum Wages Minimum wage is the lowest level of earnings for employees set by government legislation. The smallest hourly wage that an employee may be paid as mandated by federal law. Inflation and other factors necessitate periodic adjustments to the actual number. UK Minimum Wage The minimum wage was introduced ...

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The Royal Bank Of Scotland

23 Mar 2015 21 Apr 2017

4 (1,330 )

Royal Bank of Scotland is one of the most successful British banks that has reached a tremendous success in the course of its history. Royal Bank of Scotland has evolved from a regional bank to one of the leading bank in international banking industry. Today, Royal Bank of Scotland faces substantial difficulties caused by the recent economic recession and ongoing turbulence in the international financial system. In ...

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Classical Theories Of Trade

23 Mar 2015 21 Apr 2017

5 (1,924 )

The essay will be containing the information regarding economical issues and their impact on business trade. Management of all businesses needs some information to make important and smart decisions followed by the theories and patterns, which have the direct impact on the business operations (Andrew, 2003). These decisions can lead a business to grow at its peak or can cause a failure which can be the end ...

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History Of The Millat Tractors Limited

23 Mar 2015 21 Apr 2017

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This whole report starts with the brief introduction of the Millat Tractors Limited. The introduction consists of company background, products, objectives, mission and vision statement and dealer network. After this the report contain a complete financial analysis of the firm and its comparison with its main competitor i.e. Al-ghazi tractors, these ratios cover all the ratios which include the liquidity, leverage, profitability ratio, activity and other ratios. ...

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Export Of Coffee In Vietnam

23 Mar 2015 21 Apr 2017

5 (1,668 )

Vietnam has risen to be in the top countries of the world in the production of a variety of agricultural products, led by rice, coffee, and followed by pepper, rubber, cashew, rubber, etc. Besides, there are also the rich potential of medicinaland rare production of tropical forests, rivers, mangrove areas, and over 3000 km of coastal warm water and many kinds of seafood. Coffee is considered to ...

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The Type Of Unemployment

23 Mar 2015 21 Apr 2017

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After the research, we found that there are four type of unemploment. And below is the summary of structural unemployment, frictional unemploment, cyclical unemployment, and classical unemploymeny. Structural unemployment When there are less suitable job provide for the people will cause to structural unemployment because there is a mismatch between the skills needed for the jobs and the skills of the unemployed workers. eg. A employee fired ...

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The Concept Of Pricing

23 Mar 2015 21 Apr 2017

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This module introduces the concept of pricing and discusses its importance and significance to organisations. With a view to the relative significance of pricing on organisations profits and sales, appropriate pricing policies needs to be formulated strategically. The various pricing decisions that organisations need to make are price setting, adapting price and managing price change which is dealt in this module. Pricing Strategies Introduction This lesson discusses ...

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History And Introduction: The Giffen Goods

23 Mar 2015 21 Apr 2017

6 (2,257 )

In economics and consumer theory, a Giffen good is one which people ironically consume more of as the price rises, violating the law of demand. In normal situations, as the price of a good rises, the substitution effect causes customers to purchase less of it and more of substitute goods. In the Giffen good situation, the income effect dominates, leading public to buy more of the good, ...

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Effects Of Economic Growth On Poverty

23 Mar 2015 21 Apr 2017

7 (2,605 )

Poverty problem in the world is persisting for a long time now and many people around the world are looking at economic growth and development as a means of poverty alleviation. There is a lack of maintaining the standards of living across different countries and it is one of the great unresolved issues in development and growth economics. This persistent poverty leads to pessimism about the development ...

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The relationship between output and unemployment

23 Mar 2015 21 Apr 2017

7 (2,557 )

Nowadays, the important issue in developing economies is unemployment. This means that with high unemployment of labour resources that are not being used efficiently. This been states that the negative relationship between movements of unemployment rate and real GDP can be determined. This paper examines the existing of relationship between output and unemployment in the Malaysian economy. The modes understudied are based on Ordinary Least Square (OLS) ...

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Effects Of Illegal Immigrants In Texas

23 Mar 2015 21 Apr 2017

7 (2,748 )

The economic impact of illegal immigrants into Texas has drawn concerns for the state's economy, politics and health care. Illegal immigrants contribute both positively and negatively to Texas' economy. Basically they contribute in the labor industry and the country's economy through purchasing goods and paying tax when seeking for other services such as health, education and law enforcement services (Federation for American Immigration, 2003). The negative impacts ...

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Demand, supply and free market economy

23 Mar 2015 21 Apr 2017

6 (2,293 )

Market is described as a meeting place of buyers and sellers for which a good/service is offered for sale by producers and purchased by consumer (Blake, 1993). Business managed by the laws of supply and demand, not restrained by control interference, regulation or subsidy is best as known as free market. A free market economy is a system in which the distribution for resources is determined only ...

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Do The Benefits of Outsourcing Outweigh Its Costs?

23 Mar 2015 21 Apr 2017

6 (2,058 )

When we hear the word "outsourcing" used in the media, it is commonly associated with negative overtones about tragic consequences for the American worker. There are countless interviews with factory workers who say that they factories have been shut down and their livelihoods evaporated because American jobs are moving overseas. Thus, the impact of outsourcing, especially on blue-collar workers, have been portrayed as negative. However, this image ...

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The United Kingdom: Grocery Market Structure

23 Mar 2015 21 Apr 2017

6 (2,320 )

Many economists claim that competition is a force for good in the long-run. A market with fierce competition can exist but, on what grounds? Bigger retail players always have a tendency to get rid of the smaller ones to increase the market share. Is the structure of the market affecting the decision of buyers? Are the small grocery retailers in UK losing ground? Is the poor paying ...

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Monetary Policy And Fiscal Policy

23 Mar 2015 21 Apr 2017

9 (3,559 )

Using the IS/LM model, contrast monetary policy with fiscal policy. Why has monetary policy been favoured over "activist fiscal policy" in recent decades and why has there been a recent resurgence of Keynesian "activist fiscal policy"? Draw on actual examples/case studies as appropriate, as well as the relevant literature. The IS/LM model is a versatile tool that allows us to understand economic phenomena that cannot be analyzed ...

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The Australian Grocery Industry

23 Mar 2015 20 Apr 2017

8 (2,857 )

According to Hubbard et. Al., (2010) perfect competitions takes place in markets where no businesses in an industry have market dominance as there are many sellers and buyers and there are no barriers to enter that particular market as a free flow of information exists. According to the Australian Competitions and Consumer Council (ACCC) the Australian grocery industry is dominated by two key players, Coles and Woolworths, ...

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The Role Of The Entrepreneur

23 Mar 2015 20 Apr 2017

16 (6,243 )

Previous studies have highlighted the changes by OECD countries from large companies consisting of mass production to smaller companies focusing on 'knowledge, initiative and flexibility'. According to Karlsson et al, this change appears to have taken place from the mid-1970s to the early 1990s. (Karlsson et al., 2004; Acs, 1996 and 1999; Acs and Audretsch, 2001; Audretsch and Thurik, 1997 and 2001; Audretsch et al, 2002) The ...

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Reasons or market failure and its impacts

23 Mar 2015 20 Apr 2017

4 (1,202 )

In Malaysia, we use mix economic to run the business in this country. The combination advantages of Free Enterprise System and the Central Command System have been used to have good management on marketing in this country. But there some cases can be evoking when the marketing management fail. Usually is call as market failure. What is Market Failure? Market failure is a marketing that fail giving ...

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Palm oil biodiesel: A source of renewable fuel

23 Mar 2015 20 Apr 2017

26 (10,375 )

The demand of increasing price in fossil fuel has prompted the global oil industry to look at the alternative sources of fuel from renewable energy source which is biodiesel. Biodiesel is considered as better option because of its environmental friendly characteristics while giving almost the same functional properties like fossil fuels. This paper will focus on the biodiesel produced in Malaysia. Since Malaysia is one of the ...

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Risks and rewards: Investment in a new country

23 Mar 2015 20 Apr 2017

9 (3,466 )

Background The market rewards an investor for bearing risks, and therefore it is critical to understand the risks underlying. In case of investing in Country X, the following are the risks an investor is exposed to: Equity Risk: The risk of investing in equity instead of investing in risk-free instrument Sovereign Risk: The risk the government of Country X defaults on its debt, which is correlated with ...

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Housing Problems in Sri Lanka

23 Mar 2015 20 Apr 2017

10 (3,979 )

Sri Lanka is an island in the Indian Ocean in South Asia, 65 610 square kilo meters in area, divided into nine administrative provinces. Colombo is the capital city of Sri Lanka. It has approximately 21 million populations. The country's urban population has been steadily increasing over the past few years to its present level of over 15% of the population. The urban population is expected to ...

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Countries that had faced recession recently

23 Mar 2015 20 Apr 2017

4 (1,396 )

Many professionals and experts around the world believe that a true economic recession can only be confirmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters. The roots of recession and its true starting point actually rest in the several quarters of positive but slowing growth before the recession cycle really begins. Often in a mild recession the first ...

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