Economic condition of Pakistan For the past few years Pakistan has been following the technique of assessment of domestic oil value against the international oil value on a fortnight basis. About 85% of the oil required for domestic uses in Pakistan is imported. Back in the year 2004 various subsidies were given by the government on the oil price as an attempt to protect the citizens from the prospective record fuel costs. It was also an attempt to curb the rate of inflation prevalent in the country
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ACCA F4 Corporate and Business Law ExPedite Notes Chapter 1 Economic‚ Political and Legal Systems The examiner has stated that in the exam‚ you may be required to: Explain the inter-relationship of economic and political and legal systems (application level). Explain the doctrine of the separation of powers and its impact on the legal system (application level). Differentiate between different types and different systems of law (knowledge level). Explain the distinction between criminal
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increased time spent using it if it is worn/hard to read/must be treated carefully vs price 1a. Essential work equipment (also company vehicle‚ so may/may not have increased mobility leading to reduced transport costs and better access to better/cheaper services); also maintenance b. As above‚ except it might be more peripheral as people won’t decide whether to use the company based on what kind/condition it is in; also won’t need maintenance c. Service that will insure against potential losses
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Afghanistan is one of the poorest nations due to years of war and political instability and is largely dependent on foreign aid. Afghanistan’s debt as of 2004‚ was $8 million in bilateral debt‚ mostly to Russia‚ with $500 million in debt to Multilateral Development Banks. The gross domestic product‚ per capita is $1‚000‚ with a real growth rate of 7.5%. The composition per sector is agriculture (38%)‚ industry (24%)‚ and services (38%). The labor force is approx. 15 million‚ with an unemployment
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of Payment is the summation of imports and exports made between one countries and the other countries that it trades with. Balance of trade: The difference in value over a period of time between a country’s imports and exports. Barter system: System where there is an exchange of goods without involving money. Base year: In the construction of an index‚ the year from which the weights assigned to the different components of the index is drawn. It is conventional to set the value of an
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A fragile labor market‚ tight credit conditions‚ and fiscal tightening will create economic difficulty over the next few years. Economic Risk Moderate Low High Very Low • The Country Risk Tier (CRT) reflects A.M. Best’s assessment of three categories of risk: Economic‚ Political and Financial System Risk. Very High Political Risk • A.M. Best considers the majority of countries pictured below to be categorized as CRT-1 and CRT-2. The exceptions are the Eastern European
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“Progress had been made by black Americans in the period 1900-1945.” How valid is this statement? Progress was definitely made in the years 1900-1945 by black Americans; however the amounts of progress varied in the North and South of America‚ the North appeared to have made more progress by 1945 than the South. The progress also varied depending on the area‚ such as political‚ social and economic aspects. Socially‚ the North of America had made more progress than the South. The North experienced
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Politics (I) Identify the several varieties of liberalism discussed in the chapter on liberalism and the historical circumstances in which they emerged. There are several varieties of liberalism that are discussed in the text of “Political Ideologies and the Democratic Ideal” by Terence Ball and Richard Dagger. Some of these varieties are neoclassical liberals‚ welfare liberals‚ and libertarian anarchists. The first variation of liberalism discussed is neoclassical liberals‚ who believe the need
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effects on company operations and profitability caused by developments in a country’s political and legal environments. Some examples like: Diverse political and legal systems‚ as managers must adhere to business laws and regulations. Preferential subsidies‚ government incentives‚ and protectionism. International Business: Strategy‚ Management‚ and the New Realities 2 Political or legal factor‚ economic‚ social‚ or technological developments. Unintended consequences- Laws may be unexpectedly
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are four primary types of economic systems in the world: traditional‚ command‚ market and mixed. Each economy has its strengths and weaknesses‚ its sub-economies and tendencies‚ and‚ of course‚ a troubled history. Below we examine each system in turn and give ample attention to the attributes listed above. It’s important to understand how different parts of the world function economically‚ as the economy is one of the strongest forces when it comes to balancing political power‚ instigating war and
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