the opportunity cost‚ unemployment‚ discouragement of investment and savings‚ and shortage of goods. Positive effects include the reserve bank adjust their real interest rates and encourage investment in non-monetary capital projects. However the economics in today’s time believe that an economy is said to be in a favorable and a stable condition only if the inflation rate is steady or favorably low(as compared to zero or negative). Most of the most developed countries have managed sustain an inflation
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Identity Crisis Hanif Kureishi’s short story “My Son the Fanatic” is an exquisite piece about a Pakistani father-son relationship and their conflicting ideas regarding their identity. Set in London‚ the story follows Parvez‚ a hardworking taxi driver that emigrated from his native country to London‚ England twenty years prior in hopes of providing a better life for him and his family. Parvez finds it easy to assimilate to western culture by drinking alcohol and eating “pork pies”. His son Ali‚ however
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Ecological Crisis - A state of human-induced ecological disorder that could lead to the destruction of ecological conditions on this planet to such an extent that human life‚ at least‚ will be seriously impaired for generations‚ if not destroyed. Moral approach on Ecological Crisis - First among these is the INDISCRIMINATE APPLICATION of advances in science and technology. Many recent discoveries have brought undeniable benefits to humanity. Indeed‚ they demonstrate the nobility of the human vocation
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1988 Judicial Crisis In 1988‚on the ground of misconduct‚ Tun Salleh Abas by then Prime Minister Dr Mahathir Mohammad was brought before a tribunal and this tribunal was chaired by Tun Hamid Omar. Due to the constitutionality of the tribunal‚ Tun Salleh Abas filed a suit in the High Court of Kuala Lumpur and while proceeding‚ interim stay against the tribunal was applied by Tun Salleh Abas until July 4‚ 1988 but the request then denied. Later‚however‚ an interlocutory order was granted to Tun
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The Abyssinian Crisis The Abyssinian crisis was in the 1930s and took place in Abyssinia (known as Ethiopia today) in Africa. Italy sent in soldiers to conquer the country to increase its colonial empire. The leader of Abyssinia appealed to the League of Nations for help. The League proved ineffective in dealing with the crisis. This had serious consequences for not only Abyssinia but also the survival of the League itself and its principle of ‘collective security’ Italy had already had
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Environmental crisis in Florida Environmental crisis in developing world where growing populations poverty‚ uncontrollable ecosystems is a potential thread dispowered citizens by modernizations. Some of us still today believe that researchers are exaggerated‚ and environmental changes is a complex‚ and some still wonders about about how far our assumption will take us. Some just sit‚ and wonders how short have we fallen of the eco-revolution what is remains to be done how will we really be able
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Economics for business TABLE OF CONTENTS Question 1 ................................................................................................................................ 3 Overview of the Mauritian Economy ........................................................................................ 3 Economic Indicators ............................................................................................................ 4 GDP .............................................
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Pre-September 2008: The AIG Crisis Over the years‚ AIG built upon its premier global franchises in life and general insurance by expanding into a range of financial services businesses. One of these‚ created in 1987‚ was AIG Financial Products Corp. (AIGFP)‚ a company that engaged as principal in a wide variety of financial transactions for a global client base. In 1998‚ AIGFP began to sell credit default swaps to other financial institutions to protect against the default of certain securities
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$117.99 per barrel. (Source US Energy Information Administration) Economics is the study of using resources in a productive manner and to allocate them in the best possible way. Economics is concerned with the production and consumption of goods and the transfer of money to create and get those goods. Economics tells us how people in the markets communicate in order to achieve what they desire and fulfill their goals. Economics deals with studying the wants and desires of people resulting in creating
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The Regency Crisis was a political battle that was pushed in the background due to the French Revolution‚ about the health of King George III‚ who was believed to have gone insane putting the British Government and Monarchy in a major tailspin. However‚ this so-called crisis lasted only three months‚ but within that time two political parties were duking it out‚ George III and his son‚ George IV fought for the throne‚ and Parliament was in an all-out war to keep the country from having a civil war
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