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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Head: Personal Economic Decisions Personal Economic Decisions How People Make Economic Decisions People make economic decisions on a daily basis‚ from choosing to go to the grocery store and cook dinner or going out to eat. While in the general scheme of things this is a relatively small decision to make it still can have impact on the economy. Yet a decision for a family to have a child is more of a major decision and has far more of an impact on the economy then a dinner decision. There are four
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Macro aggregate factors shape the country’s overall economy. In order to find out any country’s economic condition real growth in GDP‚ Rate of inflation‚ GDP deflator‚ Economic participation rate etc are crucial macro aggregate factors. Among the five major macroeconomic indicators – GDP Growth‚ Inflation‚ Remittance‚ Export and Import‚ four indicators have been analyzed to understand the economic condition of Bangladesh. For simplicity‚ and limitation of data availability and to keep the report within
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ECM002 Business Economics Instructions: Please answer four out of the following six following questions: Question 1. Suppose Cola- Sol and Miniranda are the only two companies producing a particular type of cola drink in the soft drink industry. Both companies are considering launching a new drink with a light lemon twist. They can launch their products either at a low price or at a high price. The expected net payoffs are the following: If both companies choose a high price strategy‚ Cola-
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GlaxoSmithKline Impacts of Economic changes on Business Formed in the year 2000 when companies GlaxoWellcome plc and SmithKline Beecham plc merged and has since developed into a world leading Pharmaceuticals Company‚ GlaxoSmithKline. GSK are ranked number three in the world in terms of revenues. Headquartered in the United Kingdom‚ London the company deals in pharmaceutical‚ biologics‚ vaccines and other forms of consumer healthcare. The company has a range of products that cover major disease
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Feel free to send me an e-mail with any questions about the course or if you want to arrange an appointment. 2. Course Requirements and Grading The course grade is based on Absolute Rating. The final grade will be determined using the following weights: ① Attendance 15% Students are expected to attend class and participate in discussions‚ unless prevented by sickness or some other legitimate circumstances. Missing class will affect your overall understanding of marketing communications
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Table of Contents 1. INTRODUCTION 2. MAIN BODY 2.1 THE NATURE OF RESOURCE COST STRUCTURE AND THE PRACTICAL SIGNIFICANCE OF DIFFERENT COSTS 2.2 THE FACTORS INFLUENCING OPTIMUM SIZE AND THE SIGNIFICANCE OF DEMAND AND SUPPLY RELATIONSHIPS 2.3 UNDERSTANDING OF THE RELEVANCE AND LIMITATIONS OF ECONOMIC THEORY TO MANAGE DECISIONS 3. CONCLUSION 1. INTRODUCTION: From the economic perspective‚ there are a full range of wants from individuals‚ firms and government but there is only a
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Unit 1 Global Business Environment Structure 1. Introduction 2. Meaning of Globalisation 1.3 Driving Forces of Globalisation 1.4 Dimensions of Globalisation 1.5 Stages of Globalisation 1.6 Introduction to Theories of International Trade 1.6.1 Absolute Advantage Theory 1.6.2 Comparative Cost Advantage Theory by David Ricardo 1.6.3 Factor Endowment Theory (Heckscher-Ohlin Thesis) 1.7 Trading Environment of International Trade 1.7.1 Tariff and Non-tariff Barriers 1.7.2 Trade Blocs
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suited‚ among those relative to the city’(433a). For brevity‚ let us refer to this definition of justice as the principle of specialization. Socrates motivates this theory of justice with four clear arguments: (1) The theory fits with their society’s typical ways of thinking about justice: ‘minding one’s own business’(433ab); (2) Due to the fact that the principle of specialization explains the existence of other virtues‚ this definition itself must be an important virtue. Since the other virtues can
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---------2 Main body---------------------------------------------------------3 The definition of International trade------------------------3 The reason of International trade----------------------------3 The importance of international trade---------------------3 Economic integration and global markets to UK business organizations-----------------------------------------4 The impact of two policies of the European Union on UK business organizations------------------------------------5 The impact
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