FINANCIAL DEVELOPMENT BY PROVIDING LONG TERM INVESTMENTS AND ECONOMIC DEVELOPMENT AS INCREASE IN STANDARD OF LIVING ……………………….Pg.3 2.Abstact…………….......................................................................................Pg.3 3.Introduction………………………………………………………………Pg.3-5 4. Economic Issues and Methods………......................................................Pg.5-6 5. Microeconomics and Microeconomics…………. ……………………...Pg.6-7 6.Economic Growth versus Economic Development…………………
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financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual a
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ECONOMICS conimists- 16th and 17th centuries. hysiocrats (farmers) ercantalists (traders) Father of Economics/ Father of the classical school of economic thought- Adam Smith (In 1776‚ he wrote ’An enquiry into the nature and causes of the Wealth of Nations’) According to Smith‚ self interest was an invisible hand which would work for the common benefit of the community. The Great Depression of 1929 was a phase in which supply exceeded demand. John Maynard Keynes (a British economist)
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w w ap eP m e tr .X w UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS for the guidance of teachers 9698 PSYCHOLOGY 9698/12 Paper 1 (Core Studies 1)‚ maximum raw mark 80 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking
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| Economics | Principles of Economics | | INTRODUCTION The Bethlehem Steel Corporation (1857-2003)‚ base in Bethlehem‚ Pennsylvania‚ once was the second largest steel producer in the United States (after Pittsburgh‚ Pennsylvania-based US Steel). But following its 2001 bankruptcy‚ the company was dissolved and the remaining assets sold to International Steel Group in 2003. In2005‚ ISG merged with Mittal Steel‚ ending US ownership of the assets of Bethlehem Steel. During its life‚ Bethlehem
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Many villagers and small town dwellers want a living in big cities. With some expectations‚ they make a movement from villages to big cities. This migration from rural areas to big cities is called urbanization. There are two kinds of factors why rural people seek for urban life. The first one is urban pull factor. They dream for higher wages‚ better housing and utilities‚ better school and hospital‚ more jobs opportunity‚ and more experience that they can get it all from a living in big
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endorsee is the person to whom the bill is endorsed. The endorsee can obtain the payment form the drawer. A bill of exchange is generally used in international trade and aims at binding one party to pay a fixed amount of money to another party at a predestined future date. It is the most often used form of payment relating to local and international trade. For example‚ after shipping the goods‚ the exporter draws the bills to the importer or‚ most often‚ the bank acting on behalf of the importer
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supply and operational risks * Risks: + hidden costs + cultural differences + Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor‚ low cost raw material and other economic factors like tax breaks and low trade tariffs. Common examples of globally sourced products or services include:
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CostEconomic SystemMarketProfitDemandSupplyElastic- Economics Final Exam Study Guide Name_________________________________ InelasticPartnershipCorporationSole ProprietorshipMonopolyOligopolySurplusShortageIncentiveWagner Act of 1935Collective BargainingBoycottAntitrustGross National Product (GNP)EquilibriumFree Enterprise SystemEntitlementsFiscal policyMonetary PolicyConsumer Price IndexEquilibrium PriceComplementsEffective Demand- Economics Final Exam Study Guide Name_________________________________
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COMMERCE SHORT ANSWER QUESTION: CHAPTER#1 1. Using examples‚ distinguish between the primary and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer
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