Economics

As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from …

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Thomas Sowell said, “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it…” In this paper the author will define economics, microeconomics, macroeconomics, the law of supply and demand and will identify the factors that …

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Agriculture is defined as “the cultivation of land for the purpose of producing food for man, feed for animal and fibre or raw material for industrial companies. It also includes the processing marketing of crops. In other words, it embraces all activities involved in the …

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Department of Economics, Punjabi University, Patiala (Punjab), India. E-mail: 2Assistant Professor, Department of Distance Education, Punjabi University, Patiala (Punjab), India. E-mail: Abstract: A progressive agriculture serves as a powerful engine of economic growth of any country. It helps in initiating and sustaining the development of …

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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this …

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Respitory systek This dissertation seeks to understand the mechanism of a household’s decision on child labor and educational investment by proposing a theoretical framework, examining the empirical evidence, and providing policy evaluation and recommendations. In the theoretical framework, it addresses the factors related to the …

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Memberships of trade blocs changed over time because countries realized that there are a huge amount of benefits to joining a trade bloc union. Benefits such as Free trade within the bloc which means that they have free access to each other’s markets, members of …

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The following paper will provide an overview on the importance of the regional union of Balkans countries before joining European Union. Initially the paper will describe the main forms of integration and the main benefit for each of them. Furthermore, the paper will explain the …

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This case study was part of a strategy assignment taken at the SDA Bocconi School of Management. I’d like to thank my fellows Gouri Wagle, Felipe dell’Oro, Andrea Masina, Paolo Cerchiario, Ashna Suri-Sasmal and myself for the insights that contributed to put through this work. …

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When making his decision, McGregor should consider seriously the negative consequences that his business will experience if he refuses Alward’s offer to fill the motel for the two weekend nights in October, at half the room rate. If McGregor refuses, during that weekend his motel …

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In this new report MGI finds that the United States spends approximately $480 billion ($1,600 per capita) more on health care than other OECD countries and that additional spending is not explained by a higher disease burden; the research shows that the US population is …

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Whilst people all around the world debate over which political system is the most effective, social scientists are still in debate over which is the best way to analyse politics. Without the correct analysis of political objects how is one supposed to decide which political …

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For many years, Nike Inc has been known worldwide as the champion of athletic gear producers, being a global leader in business and marketing. The company experienced a tremendous growth between 1970s and 1990s, dominating the global athletic footwear and apparel market (Cartey, 2002). However, …

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Using the concepts you’ve been studying, describe how the game shows the use of monetary policy? Based on the monetary policy, the authority controls the supply of money through targeting the interest rate to promote economic growth and stability. Having relatively low price level and …

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The chairman of the Subsidy Reinvestment and Employment Programme (Sure-P), Dr. Christopher Kolade, has bemoaned the rising rate of unemployment in the country, saying that no fewer than 40 million Nigerians are without jobs. Even before Dr. Kolade spoke, Nigerians were already aware of the …

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Rivalry: (High) There are five biggest PC manufacturers-Hewlett Packard, Dell, Lenovo and Acer and apple. None of them dominates the market. Therefore, the PC industry is not highly concentrated. The PC manufacturers focus on the reduction of cost rather than differentiations of the products. By …

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Should Lincoln Electric enter through an acquisition, a Greenfield site or some type of joint venture? Why? Lincoln should enter through a Greenfield site because an acquisition strategy would not meet Lincoln acquisition criteria’s and Lincoln would likely pay more than it has been used …

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?Outline the main features of the five-sector circular flow of income model of the Australian economy. Explain how leakages and injections influence the level of economic activity. The five sector circular flow of income model describes the operation of an economy and the linkages between …

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From as long as I could remember Taxes have always been apart of our daily lives. Taxes can often be a big burden for most, they can also be a help and used for many other functions. If it was not for taxation our roads, …

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Strengths – Years of experience working, managing and owning a fast food restaurant Good communication skills with customers Friendly attitude with customers and staff Being able to mentor staff as I have years of experience in this field Weaknesses – Health problems Fatigue I have …

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The Gross Domestic Product (GDP) This is used to measure the total market value of all goods and services. The value is measure against the total amount produced within a country in a year or over a period of time. There can be issues with …

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Q1: Describe the shifts in the world economy over the last 30 years. What are the implications of these shifts for international businesses based in Britain, North America, and Hong Kong? Over the last 30 years the integration of global markets along with the accessibility …

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Task 1) When the country is in the recession everybody is trying to save money and go to shops which are cheap. Some companies cut jobs and are trying to maximise profit. Lidl is making lots of profit in the recession therefore they don’t have …

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?Discuss whether taxation is the most effective solution to market failures arising from negative externalities Market failure is when the free market fails to provide an efficient allocation of resources. Negative externalities are the costs to a third party of a particular action, and it …

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Singular Product The prime characteristic of perfect competition is the existence of one single product that is sold by all suppliers at a common price, with the quality of the product being the same. This implies that the product is purchased from a supplier does …

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Strategic Management must firstly be directed towards a company’s goals and objectives. Typically the company will be organized with a mission and vision developed, stating a purpose and direction of the overall organization. The goals and objectives set by the manager’s act as stepping stones …

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Discuss the challenges regarding corporate social responsibility that companies in the apparel industry face in their supply chains around the world. Companies operating abroad face several challenges, such as confusion about the cross‐cultural dilemmas. Another challenge is how to behave in a host country, since …

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1.Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. Well, financial planning skills can help you do many important things. For starters it can give you a better foundation for …

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By reading Skidelsky’s article, he demonstrated a great explanation about the globalization and the future strategy for the world. According to this article, Skid sky analyzed the past financial recession influence to the world and the current world’s major issues in the world. In the …

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In the late nineteenth century, around 1880-1900, many farmers were experiencing problems and threats to their way of life. The valid complaints of the farmers dealt with the money supply system in America and the large railroad companies. In 1892, the platform for the Populist …

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In game theory, bounded rationality is a concept based on the fact that rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions. This contrasts with the concept …

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Before being able to grasp what economics has to offer it is important to understand the terms and concepts that are frequently used in economic. This paper will consist of two parts, part one will explain six terms; gross domestic product (GDP), real GDP, nominal …

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Introduction: The strength of the house depends on its foundation similarly for the survival of business in market its foundation plays a crucial role. A start-up can be defined as a newly created company looking for markets and investors. It’s very difficult to with stand …

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It’s very common in large business to expand abroad; however there are a lot of factors that have to be considered before planning to start business in another country depending on which policies they have or what their background is as well as their stability …

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INTRODUCTION Inflation seems to be a chronic problem in many parts of the world today and unemployment, a phenomenon, true for Pakistan, and valid for United States and other western economies. Even the fastest growing Chinese economy is not totally immune to it. Thus this …

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Goal incompatibility: the channel partners have incompatible or misaligned goals, for example the manufacturer perceives his goals to be a market share and profit maximization in the long run, the wholesalers perceive their goals to be sales maximization and in turn profit maximization. The latter …

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Keynesian economics is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand . In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host …

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Home Depot opened its first home improvement store in Atlanta Georgia in 1978. The company developed a tactical product analysis providing an assortment of products and services to customers. The products Home Depot offers focus on contractors and the do-it-yourself customers, as well as free …

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The traditional social sciences which have been developed as part of the totality of learning in the West have been brought over to Asia. It is now becoming increasingly evident that the validity of such social sciences, whether in the realm of research theory or …

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Procter & Gamble (P&G) is a leading manufacturer of personal and home care products. P&G is an international company that operates in 40 different countries. This paper will examine the environmental factors that affect how effective P&G’s global marketing efforts are. These factors known as …

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In life, citizens are currently living in a very harsh existence that seems full of difficulties that they have to confront longer. Everybody acknowledge today’s economic situation is not as stable and safe as expected. On the other hand, humans demand more standards of living …

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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this …

Read more

You may wish to choose a business you already have knowledge of from trips or your part-time employer. For a product of your choice: 1. Clearly explain the main cost elements and the nature of those costs – define and give relevant examples of variable, …

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“Trade between advanced countries that are abundant in capital and skill and NIEs (Newly Industrialising Economies) with their abundant supply of unskilled labour was raising the wages of highly skilled workers and lowering the wages of less-skilled workers in the skill- and capital-abundant countries ” …

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This dissertation seeks to understand the mechanism of a household’s decision on child labor and educational investment by proposing a theoretical framework, examining the empirical evidence, and providing policy evaluation and recommendations. In the theoretical framework, it addresses the factors related to the educational investment …

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Purpose To discuss the factors which motel owner Justin McGregor’s should consider when deciding on business proposal from a well respected community resident George Alward for 2 nights full house accommodations. Offer for half room rate, during low occupancy season, for church convention attendees. Background …

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Memberships of trade blocs changed over time because countries realized that there are a huge amount of benefits to joining a trade bloc union. Benefits such as Free trade within the bloc which means that they have free access to each other’s markets, members of …

Read more

Introduction The following paper will provide an overview on the importance of the regional union of Balkans countries before joining European Union. Initially the paper will describe the main forms of integration and the main benefit for each of them. Furthermore, the paper will explain …

Read more

This case study was part of a strategy assignment taken at the SDA Bocconi School of Management. I’d like to thank my fellows Gouri Wagle, Felipe dell’Oro, Andrea Masina, Paolo Cerchiario, Ashna Suri-Sasmal and myself for the insights that contributed to put through this work. …

Read more

When making his decision, McGregor should consider seriously the negative consequences that his business will experience if he refuses Alward’s offer to fill the motel for the two weekend nights in October, at half the room rate. If McGregor refuses, during that weekend his motel …

Read more