Definitions and Concepts in Economics Studies

18 Jan 2018

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Task 1 a. Definition of economic. Economics is a social science researches the production and consumption of goods and the transfer of wealth in human society. Economics explains human behavior as a relationship between ends and scarce means which have alternative uses. Therefore, economics is the study of trade-offs when selecting between alternative sets of decisions involved. (Study Economics 101, 2014) Purpose of its activities. The ...

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Singapore’s Economic Competitiveness

18 Jan 2018

7 (2,428 )

  Introduction According to the global competitiveness report 2014-2015, Singapore has retained their place as the most competitive economies in the South East Asia. Singapore’s economic rank second in the world just behind the country Switzerland for the fourth consecutive. Singapore had owning an outstanding and stable performance across all the dimensions of the GCI. In addition, Singapore had tops the goods market efficiency ...

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Advantages and Disadvantages of Government Intervention

18 Jan 2018

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Government intervention is one of the hottest topics to the economists. Some of economists say government intervention can recover market failure and prevent worse situation from neglect. On the other hand, there are some arguments that government intervention can reduce the efficiency of market. Both of ideas can make sense. Government intervention can improves the operation of market but it is not always applicable. Now, we ...

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Analysis of Changes in Wage Rates in India

18 Jan 2018

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CACP – The data source which is an important source for wages in rural India unfortunately does not publish the wage data from these studies. The cost of cultivation scheme collects data from the selected household at regular intervals on all aspects of farm business. The valuation of human labor has always been a problematic issue for the CACP. There is however a number of limitations ...

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Thailand: Economic Growth Achievement and Challenges

18 Jan 2018

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Introduction Thailand is the second largest economy in South East Asia with the population 67.7 million people (CIA 2014). Thailand economies grew at 7 per cent or more for 25 years, in the period of 1960-1997 with no single recession. After big crash, Asian Financial Crises in 1997, Thailand successfully recovered by strong growth contributed by massive export and private consumption (Phongpaichit et.al 2012). Consequently, this ...

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How Does Diversity and Immigration Impact Innovation?

18 Jan 2018

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Anca Pop Nowadays, due to the increasingly competitive economic environment, and the constant danger of economic turn-downs, innovation has come into great prominence not only as an important source of competitive advantage, but also as a powerful driver of economic growth and prosperity. In this new context, attention has been drawn to the role that cultural diversity and immigration play in fostering innovation. Thus, the aim ...

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Modern Role of Chiefs in Community Development

18 Jan 2018

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THE ROLE OF TRADITIONAL AUTHORITIES IN THE DECENTRALISATION OF POLITICAL POWER. A STUDY OF THE AKUAPEM TRADITIONAL AREA IN THE EASTERN REGION OF GHANA. AN OUTLINE OF A THESIS Introduction Background to the study Traditional governance system, is an age-old method by which the Indigenous people administered their own affairs prior to and after the advent of the Europeans into the region of modern Ghana. This ...

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Effect of the Marketing Environment on Company Strategy

18 Jan 2018

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I . INTRO Economics today has a term of market environment which involves points and impacts permitting a business to create sucessful relationship with customers as well as to keep it lasting longer. The market enviroment can be categorized into two levels: micro and macro. The first one refers to small impacts in the business with the affection of serving the company customers, whereas the second ...

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Analysis of Russia's Financial and Labour Crisis

18 Jan 2018

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INTRODUCTION In 2003, major economic organisations and key economists predicted that within a decade, the Russian Economy will face a human capital and labour crisis that will be unable to meet the growing demands of the country. This prediction came true and Russia slowly witnessed diminishing labour market performance following the Global Financial Crisis starting in 2009. The Russian Federation has a very flexible labour market. ...

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Technology in Helping the Problem of Resource Scarcity

18 Jan 2018

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Nimra Hussain (11U0141) and Saeeda Malik Introduction A recurring theme in economics has been the economic growth fueled by an increasing consumption of finite resources that ultimately results in those very same resources unable to cope with its greater productive use. Resources here are any essential inputs to the economic process and are restricted to energy carriers, products of photosynthesis and other industrial raw material extracted ...

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Effects of Government Price Ceilings

18 Jan 2018

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Markets, International Trade, & Government Donna Green Governments have stepped in and set minimum and maximum prices ever since they have had control over the populace. Just in the United States alone, governments have predetermined the price of gasoline, added rent control to housing in New York City, and even fixed a minimum on unskilled labors wages. However, sometimes governments may tend to go ...

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Post-election Economic Implications for South Africa

18 Jan 2018

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Jasper Kotze       Introduction South-Africa is a country with a difficult past as it is for any developing country. We have had our wars and internal conflict but one of the biggest mistakes we made is still haunting South-Africa today. We never invested enough in our people and when we did it was only in a small portion of the population. This ...

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Comparison of Business Practices in the US and China

18 Jan 2018

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Diverse cultures of US and China Culture rules nigh on every particular phase of your life and like many, you are completely unacquainted of this. If inquired, you would define culture as architecture or language, music, visual arts, literature and you wouldn't be wrong. Nevertheless you wouldn't be completely right either. The United States of America is one of the multi ethnical, multi racial and multi ...

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Financial Analysis Tools for SMEs

18 Jan 2018

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CHAPTER FIVE DISCUSSIONS, RECOMMENDATIONS AND CONCLUSIONS INTRODUCTION The SME sector development is seen as a key strategy for economic growth, job generation and poverty reduction (Agupusi, 2007:2). This study endeavored to explore and describe the financial performance measures currently used by manufacturing SMEs in Mauritius. It was undertaken due to the fact that many studies were conducted on obstacles faced by SMEs in obtaining ...

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Comparison of Capital Flows in Asia

18 Jan 2018

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1.1 Background of the Study Capital controls were widely used to prevent the free flow of funds between countries until the late 1970s. A cautious relaxation of such controls during the 1980s proved consistent with greater economic integration among advanced countries and strengthened the case for capital market opening more generally. By the early 1990s, capital controls appeared to be finished as a serious policy tool ...

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Social Security Act of 1935: Causes and Effects

18 Jan 2018

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Social Security Act of 1935 Before 1935, there were no benefits for the old and other financially challenged persons in America. The only people liable to benefits after their service were veterans who received pensions. The remaining occupations had no benefits after their service (DeWitt, 2010). In every occupation there is a retirement age upon which the employee is considered unable to contribute positively towards the ...

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Advantages And Disadvantages Of Mergers And Acquisitions

23 Mar 2015 08 Jan 2018

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Keywords: concept of mergers and acquisitions Submitted By: Yatendra Kumar "Discuss the strategic rationales and motives for American companies wishing to execute mergers outside the American borders. Do you think it is correct for the European Union to restrict mergers between American companies that do business in Europe? (For example, the European Commission vetoed the proposed merger between WorldCom and Sprint, both U.S. companies and it carefully ...

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Malaysia's Management of Resources

23 Mar 2015 12 Dec 2017

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1.0 INTRODUCTION Economies can be defined as, thrifty management of resources, such as land, labour, capital and enterprenuership learned to practice economy in making out the household budget. In factors of production there are commodities or services used to produce goods and services. And also explores how people and society try to use resources available , which have many different uses, in order to produce different goods ...

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Relationship Between International Trade and World Output

23 Mar 2015 12 Dec 2017

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World economy is basically is the economy of the countries of the world. The economic development of these countries is measured through various standards of measurement. The economic development is some times measure in the form of world output and international trade in the world. These two frames are used as standard in measuring the economic development in the global world. World output is the quantity of ...

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Advantages and disadvantages of Specialisation

23 Mar 2015 12 Dec 2017

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Introduction International trade and Foreign Direct Investment (FDI) equity flows are the two primary methods in which international business occurs and are amongst the most substantial drivers of present time globalisation. With consecutive rounds of multilateral dialogues at the World Trade Organisation (WTO), barriers to trade globally, have been done away with significantly. Likewise, the relaxation and liberalisation of developed countries' capital markets during the 1980s has ...

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Introduction to Theories of International Trade

23 Mar 2015 12 Dec 2017

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In this concept there are mainly two theories that are classical theory of trade and new trade theory each differentiates from each other with different advantages, assumption and drawbacks. Exchange of goods and services on an international level between two or more countries is stated as international trade. Trade generally takes place between different companies it is of different goods and services. An import is goods and ...

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Characteristics of the Clothing Industry

23 Mar 2015 12 Dec 2017

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The high quality fashion market is based on modern technology which has a relatively well paid labour force and designers with various degrees of flexibility. Many firms within this industry try to capture the market through various designs which is targeted at meeting the taste and preference of consumers. Most of the firms under the high quality fashion markets are in the developed and industrialized countries. The ...

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Development of Intermodal Transportation

23 Mar 2015 12 Dec 2017

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A major factor underlying this transformation of freight transport is represented by the changes in the scale, in the composition, and in the structure of the American and global economies. The demand for transportation services has grown in response to the generally brisk performance of the US and global economies in this period. The US economy is becoming dominantly services-oriented, and shifting from mass manufacturing to high ...

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Diseconomies of Scale, and the Law of Diminishing Return

23 Mar 2015 12 Dec 2017

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Compared to other markets, why do economists consider perfect competition to be the most efficient market structure? Perfect competition is the most efficient market structure because, in the long run, each firm in the market will be producing at its minimum average cost, or per-unit. This means that consumers get desired goods and services at the lowest possible prices, and also that the firms are economizing on ...

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Competition in the Hearing Aid Market

23 Mar 2015 12 Dec 2017

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Managerial Economics The number of Americans who have hearing difficulties is too many and is still expected to rise as time goes on. This is a challenge that most people undergoing the same ordeal are expected to face under all the circumstances that aid may be available if not totally to cure hearing loss. Hearing aid is a device that can lessen the burden of auditory impairment ...

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Evaluation Of Competitive Environment

23 Mar 2015 12 Dec 2017

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INTRODUCTION In any businesses, understanding micro-economic and macro-economic environment that business is operating in is very important stage because the factors in these two environments have strong influence on the success of business. Micro-economic environment involves demand and supply for the business, market structure and cost structure. In other words, those are internal factor of the business that to some degree business can control. On the other ...

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Benefits and Drawbacks of Foreign Direct Investment (FDI)

23 Mar 2015 12 Dec 2017

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Foreign Direct Investment (FDI) is the single most important mechanism for the globalization of the international economy. FDI is the investment of real assets in a foreign country, it is acquiring assets such as land and equipment in another host country, but operating the facility from the home country. FDI is viewed by many as necessary to stimulate the economies of both developed and underdeveloped countries. The ...

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Downstream Linkages in the Zambian Copper Industry

23 Mar 2015 12 Dec 2017

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Resource extraction is often regarded by governments and people of resource-rich countries as a solution to poverty alleviation, ranging from tax revenues, technology transfer, and employment creation, export enhancement to upstream and downstream linkages. Downstream linkage industries do promise the widening of employment opportunities and high foreign earnings as a result of value-addition. Western resource intensive economies such as Australia, Canada, US and the like are examples ...

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Effect of the Recession on Multinational Enterprises

23 Mar 2015 12 Dec 2017

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Economic recession Is general slowdown of economic activity over a period of time that measured by Gross Product Domestic (GDP),recession is highly characterized by falling of investment spending, business decline, slow growth of new business high rate of unemployment. [i]  Economic recession can be caused by widespread of drop in spending and investments, poor micro-economic policies, such as poor control of financial institutions such as banks, and other ...

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Zimbabwe Country Debt and Economic Performance

23 Mar 2015 12 Dec 2017

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Overview The debate on the effect and direction of causality regarding debt on economic growth has attracted significant academic interest since the last quarter of the 20th century. This question has become more relevant in the context of the so-called Least Developed Countries (LDCs) whose economies typically contain oversized debt, exhibit stunted growth and have often defaulted on outstanding debt. This research sought to build on the ...

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Protectionism: Advantages and Disadvantages

23 Mar 2015 12 Dec 2017

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Trade protectionism is implemented by countries when they believe their industries are being affected negatively by unjust competition. It may be seen as a defensive measure and it is almost always driven by political forces. It may turn successful, especially in the short run. In the long run, however it usually does the opposite of its intentions as it can make the country, and the industries it ...

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Imperialism and Turkey's Development

23 Mar 2015 12 Dec 2017

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The Post- Cold war era is considered to be a dramatic era for the western powers to regulate their economic forces and control what so ever left from Soviet Union. In the absence of the Soviet Union, other countries started to imitate the so-called western capitalist way of development. Eventually, the western influence over the third world countries increased, and through globalization and liberalism they intervened in ...

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The Basic Economic Problem

23 Mar 2015 12 Dec 2017

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Introduction The basic economic problem is the scarcity of resources. People want more than can be met with their available resources. The human needs are unlimited because they grow and evolve while the means of fulfilling the needs (financial assets) are limited (Stiglitz 1992: 48). The effort to overcome the relative lack of goods, in other words to solve the economic problem is the basis of the ...

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Why Do Nations Engage In Trade?

23 Mar 2015 12 Dec 2017

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Regional Economic Integration: Why is it happening? Why do nations engage in trade? Provide examples of the levels of economic integration. The reason why the Regional Economic Integration is happening because nowadays we have the open market in which every countries or state can have the free trade to others countries. This integration results from regional economic integration blocs in which member countries agree to eliminate tariffs ...

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Economic Growth In Malaysia

23 Mar 2015 12 Dec 2017

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Abstract Foreign Direct Investment (FDI) supports the national economic when it facing the lack of internal investment resources and it can cover the gap of investment resources and national investment. In this way, Foreign Direct Investment can affect the economic development and increase the speed of economic development. In this regards, among other countries, especially developing countries, that coped with the lack of internal financial resources have ...

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Causes and Effects of Inflation

23 Mar 2015 12 Dec 2017

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Inflation is an increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money issued or of gold mined, or a relative increase in expenditures as when the supply of goods fails to meet the demand (Webster, 1983). Inflation is a rate ...

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Inflation Rate and Economic Stability of Brazil

23 Mar 2015 12 Dec 2017

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Introduction This paper is concerned with the economic consideration of one of the South American countries and analyzes the impact of an economic concern on that particular South American country that has been chosen and identifies the trend of the economic concern with in specified region on the basis of data sets accumulate from the source. The south American countries has major impact on American economy and ...

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Merger between Vodfone and Mannesmann

23 Mar 2015 12 Dec 2017

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INTRODUCTION The case on merger between two competing firms- British telecommunication firm, Vodafone Airtouch and German cellular provider, Mannesmann AG- shall be my highlight of this report. In short, this case illustrates a hostile takeover by Vodafone. Vodafone initiates the merger as it sees it as an opportunity for the firm to expand in a rapidly changing communications technology environment in Europe at that point in time. ...

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Effect of Globalization on Poor Countries

23 Mar 2015 12 Dec 2017

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This paper discusses the development of the globalization process, the meaning of the term globalization and the impacts of globalization and global companies on the world economy, global community, inequality and different living standards in the wealthier and poorer countries. It is pointed out that globalization has both, negative and positive aspects, but it certainly brings a significant change. The developed countries and global companies are carriers ...

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Exchange Rate Systems and Currency Crisis

23 Mar 2015 12 Dec 2017

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Introduction Financial crisis occurs when the foreign value of a domestic currency unit falls. This thus results to the rise of the liabilities in the balance sheets of exposed economic units. It also afflicts the balance sheet of exposed economic units (Shiller, 2008). Banks get affected either directly or indirectly through their clients' exposure. Currency crisis may indicate a dramatic drop in the exchange rate and it ...

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Economic Performance of Nigeria

23 Mar 2015 12 Dec 2017

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CHAPTHER ONE 1.1 BACKGROUND OF STUDY One of the biggest challenges for oil-producing countries is how to use its oil wealth strategically to promote sustainable growth, for example, in Nigeria, the massive increase in oil revenue as an aftermath of the Middle-East war of 1973 created unprecedented, unexpected and unplanned wealth for Nigeria. Then began the dramatic shift of policies from a holistic approach to benchmarking them ...

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Cigarette Excise Taxes in Pakistan

23 Mar 2015 12 Dec 2017

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Executive Summary Cigarettes are inexpensive in Pakistan and are by far the most widely sold tobacco product in the country . The most popular brands cost PKR 18.40 per pack of 20 (USD 0.25 per pack at the current exchange rate). In part because cigarettes are inexpensive, annual consumption of cigarettes has increased (from 292 cigarettes per capita in 1994 to 406 cigarettes per capita in 2007). ...

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Economic Growth Essay

23 Mar 2015 12 Dec 2017

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1.Executive Summary Economic growth is what every economy tries to achieve for the good of everyone as a whole. Developing, producing more, increased wages, higher levels of education, better and better technologies is what we strive for. But doing all that, does that mean that we are living a better life? Or is it just the ideal of doing better, not really the result that keeps us ...

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Effect of Globalisation on Poverty Alleviation

23 Mar 2015 12 Dec 2017

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Globalisation Boon or Bane The role of globalisation in alleviating poverty has been subject to intense and recurrent debate while the pro-globalisation (Globalism) movement propound that it has helped many countries such as India and China to reduce poverty[1] , the alter-globalist have denounced globalisation as an unfair development that has increased poverty and widen inequality between the rich and the poor. When we talk about globalisation ...

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Making a Central Bank Independent

23 Mar 2015 12 Dec 2017

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Why has the idea of enhancing the independence of a central bank gained such popularity in recent years around the globe? Do accompanying accountability arrangements matter? The desirability of Central Bank Independence (CBI) has snowballed since (Alesina, A 1988) stated that his paper "argues tentatively" that independent Central Banks have been associated with a lower average inflation rate and "may have been responsible" for reducing politically induced ...

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What Is Deficit Financing?

23 Mar 2015 12 Dec 2017

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7.1: Elaborate what you understand by deficit financing. What do we mean by deficit financing this is a strategy or ways to management of money which when spending is more than collected at the same period of time. In order words this is referred to budget deficit, this approach is used in business that is small, household budgets, in corporations and also in, governments sector mostly in ...

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Direct Effects of Financial Repression in India

23 Mar 2015 12 Dec 2017

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FINANCIAL REPRESSION (PAPER 7) Financial repression refers to the notion that a set of government regulations, laws, and other non-market restrictions prevent the financial intermediaries of an economy from functioning at their full capacity (McKinnon (1973) and Shaw (1973)...PAPER 1). Generally, financial repression consists of three elements. First, the banking system is forced to hold government bonds and money through the imposition of high reserve and liquidity ...

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Impact of Inflation and Real Wages on Labor Productivity

23 Mar 2015 12 Dec 2017

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1.1 Overview The study attempts to determine the relationship between inflation, real wages and labor productivity. Inflation is an increase in the average level of prices of goods and services in an economy over a period of time, not a change in any specific price. When the general price level rises; each unit of currency buys fewer goods and services. Output is the amount of goods and ...

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History of the EU Single Market

23 Mar 2015 12 Dec 2017

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In this paper I intend to look at the two communications presented by the European Commission, to the European Parliament, the European Council, the European Economic and Social Committee and the Committee of the Regions. These two communications, Single Market Act I & Single Market Act II, both talk about proposals that if implemented, should make the Single Market of the European Union much better by eliminating ...

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Demand and Supply in Microeconomics

23 Mar 2015 12 Dec 2017

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Introduction Economics is a study of how to use limited resource to satisfy unlimited people wants. Demand and supply is the two main concept of the modern economic. Demand is what people want and supply is how many goods available for people want. In free market the price of good is determined by the numbers of consumers and how many products available for them. As the result ...

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Effect of Hugo Rafael Chávez Frías' Regime on the Economy

23 Mar 2015 12 Dec 2017

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Introduction Venezuela is located in the upper corner of South America and neighbors with Colombia, Brazil, and Guyana. It has been nearly 200 years since Venezuela first gained its independence from Spain (1811). From 1830 onwards, when Venezuela split from the Bolivarian Colombia (1819-1830), the country was governed mostly by military and despotic regimes. That military period lasted until 1958 when the current democratic spell started following ...

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Implied PPP of the Dollar and Actual Exchange Rate

23 Mar 2015 12 Dec 2017

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Ques.: The Economist publishes every year the prices of a standard BigMac around the world. Find the BigMac prices for the USA, France, and South Korea and the corresponding (average annual) nominal exchange rates in 2006 and 2009. Calculate for each of these countries the implied PPP of the dollar 2006 and 2009 and compare this to the actual exchange rates. Can you explain the differences in ...

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Impact of FDI Flows Outflow on the Indian Economy

23 Mar 2015 12 Dec 2017

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Abstract This paper discusses the trends in India's outward FDI over the last decade and attempts to identify the factors for the same. The main aim is to help policy makers with insights regarding levers which will help in improving FDI outflows and to stimulate further research in foreign investment from emerging economies. 287 conditions of investment from India by Indian companies in 17 sectors have been ...

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Effect of Political Instability on International Trade

23 Mar 2015 12 Dec 2017

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ABSTRACT Regarding political instability in African Country, it is also undeniable that African continent has gone through some tough situation during fifty years past. But the fact is almost African cases regarding political instability the major cause of problem is leadership. And because of this African freedom heroes come to dictators, while African natural resources, politics of elimination and scarcity to slope the balance of authority continues ...

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Concepts of Monopoly and Competition

23 Mar 2015 12 Dec 2017

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Monopolistic competition is a particular market structure which means there are a large number of small firms and companies whose products and services are slightly differentiated with other competitors. (Stephen, I& Stuart, W. 2007: 147) Such as food market, apparel market, light industry product market. The characteristics of monopolistic competition can divided into several parts. As Hunter (1969:19) said, to begin with, product differentiation includes both internal ...

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Effects of Globalization on the Labor Market

23 Mar 2015 12 Dec 2017

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Nowadays, the unemployment rates in the United States are significantly increasing. Many people are losing their jobs. Therefore, many people are trying to find out the reason that causes this high unemployment rates. In spite of the government and individual decision is one of the factors that affect the employment rates; however certainty globalization is also the main factor of this issue. One the connection between globalization ...

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Impact of Debt Servicing on Economic Growth

23 Mar 2015 12 Dec 2017

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Abstract The external debt has become a key problem for Pakistan. Pakistan has huge debt to pay, which also entails interest payment on the loan borrowed. It adds burden to the economy of Pakistan. Government through different means try to pay these loans. In this paper we have analyzed the impact of debt servicing on economic growth, i.e. whether debt servicing positively or negatively affect the economic ...

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Limiting Factors in a Business Situation

23 Mar 2015 12 Dec 2017

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(a) Explain what a limiting factor is and what sort of things can become limiting factors in a business situation? (16 marks) Limiting factor is any factor that restricts a company or an organisation's activities. In other words, limiting factor is a factor which is limited or not enough provide to the company. Limiting factors in an organisation can be labour hours, raw material, machine hours or ...

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Theories of Foreign Direct Investment (FDI)

23 Mar 2015 12 Dec 2017

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This report has discussed different theoretical framework of FDI that takes place. These theories briefly explain why firms go to trouble when establishing or acquiring abroad. Theories that use on this report are Hymer's contributions, product life-cycle theory, caves theory, internalisation theory, the eclectic paradigm, strategic motivations of foreign direct investment and investment path development (IDP) theory. This report also evaluates Honda automotive as an example on ...

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Effects of Japan's Ageing Population on Business

23 Mar 2015 12 Dec 2017

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Introduction Many nations in the world have faced with many problems of their population growth. However, the dominant factor in the next society might expose these problems in more details, which most people might begin to pay attention deeper on these problems such as the rapid growth in the amount of older population and the rapid shrinking of the younger generation, with the threats of demographic development ...

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UK Free Market Trading: Advantages and Disadvantages

23 Mar 2015 12 Dec 2017

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The UK economic system is based on the free market system and is one of the most globalised economies in the world. It is a successful country which accepts this system. Although many countries have success in this system, sometimes it is not suitable for developing countries such as China or Thailand. Most countries try to practice the free market trading in order to enhance their economic ...

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Role of the Asia Pacific Economic Cooperation (APEC)

23 Mar 2015 12 Dec 2017

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For many countries in the global landscape, its economic situation is perhaps one of the most important concerns which are duly given enough priority by the government. The economic situation of a certain nation is highly indicative of the country's performance as well as the state of living of its citizens. It is therefore a major concern among national governments to protect the best interest of their ...

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Financial Ratio Analysis of Sainsburys

23 Mar 2015 12 Dec 2017

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A sustainable company needs effective planning and financial management. Ratio analysis is a useful tool to get the financial results and the company's development tendency. It can be divided into four parts. They are profitability, liquidity, efficiency and gearing. This report discusses the analysis of two companies, one is Sainsbury, and the other is Tesco. It is necessary to compare these companies from the data and information ...

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The Inelastic Price Demand For Wheat

23 Mar 2015 12 Dec 2017

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From a case study South Africa's price of an agricultural commodity wheat fall because their suppliers United States had a boosted productivity of wheat caused by snowfall weather conditions. It is therefore concluded that the supply of wheat is elastic as the production of wheat can vary from year to year due to competition on market and whether conditions .The demand of wheat is inelastic because the ...

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The Arguments For Privatization

23 Mar 2015 12 Dec 2017

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Privatization is transfer of state owned enterprises to private ownership. William Megginson and Jeffrey M. Netter(2000) defined privatization politically and economically, "as the deliberate sale by a government of state owned enterprises(SOEs) of assets to private economic agents". According to Charles A Ntiri (2010); "Privatization has been defined by economic scholars and jurists to encompass a wide range of options for involvement of private capital and management ...

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Should Indonesia Redenomindate Its Currency?

23 Mar 2015 12 Dec 2017

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The monetary crisis that hit Southeast Asian Countries from July 1996 affected the development of the Indonesian economy. Apparently, the Indonesian economy was not able to face the global crisis engulfing the world. Indonesia's economic crisis began with the weakening of the rupiah against the US dollar. On August 1st, 1997, the rupiah fell from 2,575 to 2,603 per dollar. In December 1997, the value of the ...

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Asian Currency Crisis - Causes and Effects

23 Mar 2015 12 Dec 2017

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Introduction One of the key characteristics of money is stability, however a currency crisis is said to occur when the value of a country's currency becomes unstable and changes rapidly thereby undermining its ability to effectively serve as a medium of exchange. The Asian currency crisis was a period of financial meltdown which began in July 1997 and gripped the major proportion of East Asia. It remains ...

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PESTEL Analysis of the Chinese Economy

23 Mar 2015 12 Dec 2017

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There is no doubt that nowadays globalization brings opportunities for companies to expand their business activities easily to take advantages of other country's growth through investing activities. However, before investing to overseas, a company should make a careful examination of the country they are intending to invest in especially the industry related to their investment. Examining the relationship between risks will help to measure the risks the ...

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PESTLE Analysis of Sweden

23 Mar 2015 12 Dec 2017

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Sweden, which occupies the eastern part of the Scandinavian Peninsula, is the fourth-largest country in Europe and is one-tenth larger than California. The country slopes eastward and southward from the Kjólen Mountains along the Norwegian border, where the peak elevation is Kebnekaise at 6,965 ft (2,123 m) in Lapland. In the north are mountains and many lakes. To the south and east are central lowlands and south ...

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Top Glove Corporation Berhad Expansion

23 Mar 2015 12 Dec 2017

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1. INTRODUCTION Top Glove Corporation Berhad founded by the husband and wife team of Tan Sri Dr. Lim Wee-Chai, as a company chairman and Puan Sri Tong Siew Bee, executive director. Establish in Malaysia in 1991, Top Glove operated with only one factory with three second-hand production lines. Nowadays, it is known as the world largest rubber glove manufacturer. Top Glove embarked an impressive expansion plan with ...

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Optimum Currency Area (OCA) Theory

23 Mar 2015 12 Dec 2017

6 (2,350 )

What criteria did Mundell use to identify an optimum currency area and how relevant are these criteria today in deciding whether two countries constitute an optimum currency area? An Optimum Currency Area (OCA) is a geographical region in which maximise economic efficiency is attained by the entire region sharing a single currency (a monetary union), or by several currencies pegging to each other via a fixed exchange ...

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Strategies to Measure Poverty

23 Mar 2015 12 Dec 2017

4 (1,350 )

Poverty is a social problem and it has been considered as a feature of inequality in society. This view is shared by Machperson & Silburn (1998, 1), as they consider poverty as a cause of "political and morale challenges to all societies at all times". Roll (1992, 7) defined poverty as a "shortage of something which is morally unacceptable and calls for action". Or in a more ...

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Foreign Direct Investment: Comparison of India and China

23 Mar 2015 12 Dec 2017

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Foreign Direct Investment is a hot topic in most policy circles as it is associated in many instances with significant macroeconomic changes and improvements in the range of goods and services produced in recipient countries. Furthermore growth in recipient countries is often ascribed to these inflows and so competition for higher inflows of FDI has become competitive. Most of the developing and developed countries increase their economy ...

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Oligopolistic Market Model and Oil Prices

23 Mar 2015 12 Dec 2017

5 (1,709 )

Executive Summary The report is prepared to explain how oligopolistic market model is the best model to relate to the current increase in the price of Oil. The Oil petroleum Organization is analyzed deeply which clearly depicts the oligopoly style of marketing by the members of OPEC. It has also examined by lot of research and based on recent reports that the OPEC tries to influence the ...

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Buying a House Vs Renting an Apartment

23 Mar 2015 12 Dec 2017

4 (1,337 )

Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future. After doing the research and looking ...

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Role of Public Sector in Modern Economies

23 Mar 2015 12 Dec 2017

9 (3,373 )

Forces of demand and supply control prices in modern capitalist economies, government intervention has been limited to provision of social services. Prices of goods and services as well as cost of production are determined with minimal government intervention. A perfect capitalist economy can only exist in an ideal situation and since there is no ideal situation, there are always some government controls, rules and regulations in an ...

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Oligopoly Market in UK Supermarket Industry

23 Mar 2015 12 Dec 2017

4 (1,313 )

Oligopoly Market in UK Supermarket Industry In this essay I will search the information about supermarket industry in the UK, focus on the characteristic of oligopoly market and try to find out the effect of this market structure to customers, analysis its advantages and disadvantages. According to my search, there are a five big supermarket companies in the UK: Tesco, Asda, J Sainsbury, Safeway and Morrisons. We ...

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Effect of Foreign Aid on Economic Growth in Developing Areas

23 Mar 2015 12 Dec 2017

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The Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) defines foreign aid as financial flows, technical support, and goods that are intended to encourage economic growth and wellbeing. Foreign aid is generally linked with authorized development support which in turn is a division of the official development finance, and usually given to the poorest countries (World Bank, 1998) (TAB 1). Various debates ...

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Competition in India's Textile Industry

23 Mar 2015 12 Dec 2017

8 (2,930 )

Factors behind increasing competition in Indian textile industry and strategically approach to gain competitive advantage globally. BACKGROUND INFORMATION The textile industry plays a pivotal role in the Indian economy. The country has produced legends such as Dhaka muslin, which was woven so fine and light that it could pass through a finger ring. But what is significant today is that this sector contributes substantially in providing employment ...

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Relationship Between Tourism and Economic Growth: Cyprus

23 Mar 2015 12 Dec 2017

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ABSTRACT Although the relationship between international trade and economic growth has found a wide application area in the literature over the years, this can not be said about tourism and growth or trade and tourism. This study employs co-integration and Granger causality tests to examine long-run relationship between tourism, trade and growth, and the direction of causality among themselves for Cyprus. Results reveal that tourism is not ...

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Economic Development of East Asia

23 Mar 2015 12 Dec 2017

5 (1,747 )

The East Asia Miracle: Lessons for the developing countries The East Asia region has been drawing global attention as fruits of its growth and development over the past thirty years continuously awe many. The most successful developing countries over the last half century apparently have come form this region.­ [1] It has a remarkable record of high and sustained economic growth as 23 economies in it grew faster that ...

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La Bolsa De Valores De Colombia

23 Mar 2015 12 Dec 2017

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QUE ES UNA BOLSA DE VALORES Una bolsa de valores es un establecimiento, que puede ser público o privado, autorizado por los gobiernos de los países, en el cual se negocian (compran y venden) títulos valores como acciones, bonos, títulos de deuda pública etc. La negociación de los títulos la realizan personas autorizadas las cuales se denominan corredores de bolsa (|brokers en ingles). Los corredores de bolsa ...

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Theories of Unemployment: Application to the UAE

23 Mar 2015 12 Dec 2017

3 (1,167 )

Introduction: Unemployment is defined when an individual is actively seeking the for the job but is unable to find the work (Solow, 1980). This paper attempts to explore various unemployment theories and then find the best suitable theory to apply to the UAE economy. Advantages and disadvantages of the chosen theory will also be discussed in the paper. Recommendations will be provided to reduce the unemployment in ...

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The Pros and Cons of Airport Privatization

23 Mar 2015 12 Dec 2017

9 (3,219 )

I. Executive Summary Airports have evolved mainly as government-run enterprises. Now, many airports seek privatization in part to improve their abilities to compete in the new global economy. The manner of ownership covers a wide spectrum: government-owned and controlled airports, government-owned corporations, independent airport authorities, public-private partnerships with government majority ownership or with private majority ownership. Reasons to privatize an airport include an improved ability for an ...

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Barriers to Entrepreneurship Development in Tajikistan

23 Mar 2015 12 Dec 2017

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Introduction The development of the entrepreneurship as an essential component of the economy of Tajikistan is taking place for the past 19 years, in spite of its certain downturn during the civil war in the country in 1991-1997. Within the given period, the legal framework for the regulation of business activities was developed and amendments to the particular conditions of the governmental policy related to the entrepreneurship ...

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Costs and benefits of Globalisation on India's Economy

23 Mar 2015 12 Dec 2017

8 (2,922 )

Introduction In this essay we are about to go Global. Recent events on the financial market show how interdependent the world is. Common value should not be forbid but what about common losses. Who should be responsible for them? Many blame globalisation. What is it and does the world has other options to develop. Should we return to the strategies of the past? Or should we continue ...

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Effects of Globalization on Zimbabwe

23 Mar 2015 12 Dec 2017

7 (2,765 )

Introduction Globalization is as much a part of the modern world as the air we breathe. Especially in the United States, it seems that everywhere you look you can find products made from China, India, Japan, or Taiwan. From our electronics to our silverware, and even the very food we consume, Americans participate in the global market on an everyday basis. What is not so obvious to ...

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Effects of the Government on the Economy

23 Mar 2015 12 Dec 2017

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This essay articulates the principles, relationship between micro economic and macroeconomic by doing research in regard to this essay we can assume that government play a major role in economics such as price control, policies, increasing wages of employees and making decision in the market place however we can also assume economic policies are not influenced if they are not almost generally determined by acceptance of some ...

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Effects of Tourism on the Economy of the Mauritius

23 Mar 2015 12 Dec 2017

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Abstract: This dissertation is based on tourism in Mauritius concentrating on how the country became one of the world's best tourist destination and a detailed report on how tourism influencing the economic growth of Mauritius. The overall development of the country can be assumed through the GDP and per capita income, luxury tourism sector is the main economic growth of the Mauritius which is playing a key ...

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Cause and Consequences of the Great Recession

23 Mar 2015 12 Dec 2017

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1.0 Introduction There was a recession in the United States (US) at the end of 2007 (Verick and Islam 2010). McKean (2010) noted that a healthy economy will proceed into a period of high growth, slow growth or no growth. Power (1996) commented that the economy is needed to be contracting and expanding in order for the economy to be healthy. When the contracting period has last ...

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Effects of FDI in the Dominican Republic

23 Mar 2015 12 Dec 2017

18 (6,951 )

Introduction Background and purpose The Dominican Republic has done a major shift in its economy, coming from an agricultural economy, to one based on services. An estimate of the sectors contribution to the country are, 60.2% in services (tourism, transportation, communications, finances, others), 15.5% in industry (manufacturing), 11.5% in construction, 11.3% in agriculture, and 1.5% in mining (CIA fact book). As of right now only tourism leads ...

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Effects of Privatization on Performance

23 Mar 2015 12 Dec 2017

5 (1,992 )

This research study investigates the impact of privatization on the Pakistan Telecommunication Company Limited (PTCL) financial performance which is privatize in 2005.The variables "Net Profit Margin", "Operating Profit Margin", "Return on Assets" and "Earnings per Share" and "Number of trades of shares" are used as representation for financial performance. The paired-samples t test for mean difference has been used for comparing the pre and post privatization performance. ...

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Affirmative Action Initiative in South Africa

23 Mar 2015 12 Dec 2017

5 (1,752 )

Affirmative action is an initiative adopted by the South African government, which seeks to correct the imbalance of wealth and provide opportunities to the people who were adversely affected as a result of the apartheid regime. It has created a situation where organizations are required to meet specific employment targets for persons of colour in order to operate to the satisfaction of the state. As a result, ...

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Effect of Economic Factors on Stock Price

23 Mar 2015 12 Dec 2017

9 (3,356 )

Effect Of Economic Factors On Stock Price With A Particular Reference To London Stock Exchange Introduction It's believed that an economic atmosphere is a major factor in determining the primary trend of a stock market. L H Beng (1998)The stock market, on the other hand, is often regarded as an effective and a reliable barometer of a country's economy, and the stock prices are deemed as a ...

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Effects of the Expansion of Starbucks

23 Mar 2015 12 Dec 2017

6 (2,149 )

1. Background information Starbucks has expanded rapidly since 1995. Yet, as a result of the economic crisis causing a decline in sales, Starbucks was forced to take measures that enable it to cope with this economic crisis. (Jannarone, J. June 14 2010) 2. Effect of Starbucks expanding 2.1 Effect on the PPF(Production Possibilities Frontier) curve Starbucks has expanded at a very fast rate, adding stores in ...

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Analysis of Albania's Tax System

23 Mar 2015 12 Dec 2017

6 (2,279 )

INTRODUCTION Every one can make the question: "why do we have taxes?".Practically we can say , that one democratic state can not exist without taxes, even if he does not operate just with taxes.Taxes and taxability are a necessity. The standard of living of a modern society demands it; governments must collect the revenues in order to provide the goods and services that their citizens need, want ...

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London Congestion Charge: Cost-Benefit Analysis

23 Mar 2015 12 Dec 2017

3 (992 )

Road pricing is the application of various charges to the usage of roads. These charges include fuel taxes, tolls, parking taxes, licence fees, and congestion charges. Pricing may vary by time of day, or by the specific road or vehicle type using the road. The two main aims of road pricing are generating revenue and managing demand. The latter can be achieved through congestion pricing, which is ...

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Demand For Owner Occupied Housing

23 Mar 2015 12 Dec 2017

5 (1,820 )

In this assignment I am going to explain the economic concept of Owner occupied Residential. The assignment generally includes examples and graphical analyses to demonstrate the issues that will affect the owner occupied residential market. The housing market of any country or places is determined by a range of demand and supply factors. There is always a demand for housing; the main reason for that is mainly ...

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Financial Analysis of Vodafone

23 Mar 2015 12 Dec 2017

8 (3,052 )

Vodafone group PLC is a British multinational mobile network operatorheadquarter in Newbury, England. It has formed in 1984 as a subsidiary of recal electronics PLC. It became an independent company in 1991 and changed its name to Vodafone group PLC on 2000.Vodafone is a world leading mobile telecommunications company. Vodafone provides a wide range of Communication services, including voice calls, SMS text messaging, MMS picture and video ...

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Is Elasticity Coefficient Elastic Or Inelastic?

23 Mar 2015 12 Dec 2017

11 (4,126 )

Inelastic The price elasticity of demand for a downward sloping straight line demand curve varies as we move along the curve. If we look at the demand curve for Zesty Health Clubs, as we move down the upper segment of the demand curve, price elasticity of demand falls and total revenue rises. For example, measured over the price range of $1030 to $960, if price falls from ...

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