African Journal of Economics Vol. 1 (5)‚ pp. 176-190‚ December‚ 2013. Available online at www.internationalscholarsjournals.org © International Scholars Journals Full Length Research Paper Competition in Ethiopian Banking Industry 1 Zerayehu Sime Eshete‚ 2Kagnew Wolde Tesome‚ 3Teshome Ketama Abebe 1 Research and Development Officer at CBE and now PhD candidate in Economics at University of Nairobi‚ Kenya. 2 Research and Development at CBE and now a PhD candidate in Economics at
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What is GST? GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the Producer’s point and Service provider’s point up to the retailer level. It is essentially a tax only on value addition at each stage and a supplier at each stage is permitted to set-off through a tax credit mechanism. Under GST structure‚ all different stages of production and distribution can be interpreted as a mere tax pass through and the tax essentially sticks on final
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What factors might contribute to a low or high growth rates in a country? There are three categories of factors that contribute to a low or high growth rates. These categories are the demand factor‚ the efficiency factor‚ and supply factors. Government spending or exports can lead to a higher to aggregate demand and higher economic growth. “Economic growth requires increases in total spending to realize the output gain made available by increased production capacity” (McConnell‚ 2012‚ p. 513)
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primary and secondary data. However‚ for the primary data the questionnaire was used to solicit responses from the respondents. In conclusion economic recession‚ governmental policy‚ employment of expatriates and trade union wage demand increase the rate of unemployment. The study emphasis that planning for human resources use in Nigeria has been based on guesswork and needs reevaluation. Keywords: Unemployment‚ Human resource planning‚ Graduates‚ Economy. 142 British Journal of Arts and Social
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Raising Interest Rates If a central bank increases the base rate‚ this tends to increase all major interest rates in the economy. This means interest rates for both savers and borrowers will increase. Higher interest rates will have various economic effects: 1. Increases the cost of borrowing. Interest payments on credit cards and loans will be more expensive. Therefore this discourages people from borrowing and saving. People who already have loans will have less disposable income because they
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.. many firm favourites of Australian eating would be hit by a tax on fatty foods. Photo: Tamara Voninski Couch (fried) potatoes ... obesity is on the rise in Australia. Photo: Karen Neumann The Western world is beginning to embrace measures to fight obesity but Australia is a conspicuous absentee‚ writes Cosima Marriner. HUNGARY has a hamburger tax‚ Denmark has just imposed the world’s first fat tax‚ the US is debating a "soda tax" and now Britain is contemplating its own junk food levy. Around
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government budgets‚ legislators sometimes attempt to raise revenue by imposing unusually high excise taxes on cigarettes‚ liquor‚ gambling‚ and so on. This type of charge‚ often called a "sin tax‚" appeals to voters who view it as a way of discouraging consumption of certain objectionable products. It reduces the income of the buyer.Lowers profits for the seller‚ and leads to reduced investment‚ wages‚ and jobs.It is not likely to seriously discourage consumption habits when those habits are intensely
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iii TABLE OF CONTENTS Title Page…………………………………………………………….i Acknowledgement………………………………………………….ii Table of Contents…………………………………………………..iii-iv Chapter I: The Problem A. Introduction…………………………………………..1-4 B. Statement of the Problem………………………….4-5 C. Importance of the Study……………………………5 D. Scope and Delimitation…………………………….5 E. Methodology…………………………………………..6 F. Definition of Terms…………………………………..6 Chapter II: Presentation‚ Analysis and Interpretation
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Question 1 Figure 1.1- A tax on Producers a) i) Equilibrium Price and Quantity before tax: 100-10Q = 20 +10Q ∴ 20Q = 80 ∴ Q = 4 When Q = 4‚ P = 60 ∴ Equilibrium price equals $60 and equilibrium quantity is 4 million ii) Consumer Surplus = ½ x 4 x 40 = 80 Producer Surplus = ½ x 4 x 40 = 80 iii) An efficient market occurs when total
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in order to maintain the living standard and save resources and the nation from poverty and economic fall by charging tax more tax. Looking into the pages of history‚ we would see that The United Nations declared ’Five Billion Day’ in the mid 1987 and by the the end of 2012‚ UN figures that global population hits 7 billion. An astounding 40% growth just took place in 20 years. It is very much clarified that rise in population‚ with the world’s current resources is not at all encouraged. Even though
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