GDP vs GNP GDP can be contrasted with gross national product (GNP) or gross national income (GNI). The difference is that GDP defines its scope according to location‚ while GNP defines its scope according to ownership. In a global context‚ world GDP and world GNP are therefore equivalent terms. GDP is product produced within a country’s borders; GNP is product produced by enterprises owned by a country’s citizens. The two would be the same if all of the productive enterprises in a country were
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Housing markets are peculiar for a number of reasons. First‚ houses take time to build‚ so when demand rises‚ supply can only respond with a considerable lag What causes house prices to rise? Prices rise through a combination of factors on both the supply and demand side of the housing market. When demand is rising and the short run supply of housing available in the market is limited‚ it is quite easy for market values to be pushed significantly higher. Consider the diagram below which illustrates
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18 or 21 The issue of underage drinking has become a major problem‚ especially on college campuses. But‚ underage drinking is not purely the root of all accidents related to alcohol. The real problem lies within the unsafe underage drinking habits amongst youth. There are ways that these alcohol-related accidents can be avoided. Several organizations have been created that are targeting a change in the legal drinking age laws. One key way to lower the risk of unsafe drinking is to lower the minimum
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Gross domestic product (GDP) is the total market value of all final goods and services produced in an economy in a year or a given time period within a country’s borders (domestic output). This includes all production‚ both material and intellectual‚ everything produced by government and private business as well as consumer goods and capital construction. Gross national product (GNP) is the total income earned by a country’s factors of production in a year or a given time period‚ regardless of where
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infected by the disease. This is not the first time that anthrax has been detected among the cattle in Bangladesh but it is the first time it spread among the people. 1.1Origin of the Report: This report on “Effect of Anthrax on the price elasticity of beef market in Bangladesh” is a partial requirement of the course entitled Micro Economics‚ supervised by Mohammad Asad-Uz-Zaman‚Lecturer‚ Institute of Business Administration‚ University of Dhaka. 1.2 Objective of the Report: The fundamental
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Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
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GDP is expected to grow by 5.1% for both 2013 and 2014‚ driven by higher consumer and business spending. As the global recovery gathers speed in 2014‚ Malaysia’s external sector will increase its contribution to growth‚ offsetting the impact of tighter fiscal policies on the domestic economy. Malaysia’s recent economic performance and near term outlook owes much to the commodities sector‚ which includes crude oil‚ natural gas‚ rubber and palm oil. The sustainability of Malaysia’s favorable near-term
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CHAP TE R 21 Progressivism from the Grass Roots to the White House 1890–1916 CHAPTER LEARNING OBJECTIVES After reading and studying this chapter‚ students should be able to: • Explain grassroots progressivism including its proponents‚ and why they targeted the city for reform. Understand why activists formed alliances with the working class and under what circumstances those alliances proved successful. • Recognize the intellectual underpinnings of progressivism. Explain how reformers put the theories
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This report analyzes the worldwide markets for Calibration Services in US$ Million by the following parameters of calibration: Mechanical Calibration Services‚ Electrical Calibration Services‚ Physical/Dimensional Calibration Services‚ and Thermodynamic Calibration Services. The Global market is also analyzed by the following end-use sectors: Electronic Manufacturing‚ Communication‚ Aerospace & Defence‚ Industrial & Automotive‚ and Others (includes Pharmaceuticals‚ Biotechnology‚ Medical
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History of computing hardware The history of computing hardware is the record of the constant drive to make computer hardware faster‚ cheaper‚ and store more data. Before the development of the general-purpose computer‚ most calculations were done by humans. Tools to help humans calculate were then called "calculating machines"‚ by proprietary names‚ or even as they are now‚ calculators. It was those humans who used the machines who were then called computers; there are pictures of enormous rooms
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