Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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1. Below is a list of topics in usually studied in economics. Determine whether each topic deals under the area of microeconomics or macroeconomics. a. How Bangko Sentral ng Pilipinas influences the consumer spending in the Philippines. b. How a household decides what LPG brand to buy. c. How a firm decides whether to continue business or shutdown. d. How debt affects the income gap among Filipinos. e. How new parents decide whether to work or stay at home with their children. f. How the
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PART TWO: SELF-ASSESSMENT (PRE-FEEDBACK) The first self-assessment that I completed was the Myers-Briggs Type Indicator (MBTI). “The MBTI is primarily concerned with the valuable differences in people that result from where they like to focus their attention‚ the way they like to take information‚ the way they like to decide‚ and the kind of lifestyle they adopt” (Myers‚ 1962‚ p. 2). This self-assessment was very helpful in allowing me to see how I like to connect with my surroundings and the outside
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from their innovation. The imitators – IBM‚ Dell‚ Compaq‚ Toshiba‚ etc. – earned rather more in total profits. Nevertheless‚ their returns were overshadowed by the huge profits earned by the suppliers to the industry: Intel‚ Quantum Corp.‚ etc. However‚ because of strong competition in the industry‚ the greatest part of the value created by the personal computer was appropriated by customers‚ who typically paid prices for their PCs that were far below the value that they derived. The extent to which
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An old saying goes that "everyone has a story inside of them that wants to get out and be shared with others." It’s also said that "truth is stranger than fiction‚" an adage that continues to prove itself time and again whenever people decide to write about the events‚ experiences and individuals that have helped to shape their lives and influence the decisions they have made to be heroes‚ cowards or just plain colorful. If you feel that your own life would make scintillating reading‚ here’s what
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Semester I Revised June 2012 Revised Business Economics I Syllabus for F.Y.B.Com from June 2012 onwards University of Mumbai Semester I Module I: Demand analysis Demand function and determinants of demand – Concept and importance of Elasticity of demand‚ Income‚ cross‚ promotional. Case studiesConsumer surplus‚ Demand forecasting: meaning significance and methods-case studies Module II Theory of production and cost Production function-short run and long run- Law of variable proportions- Isoquantproducers’
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1.0 Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define
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Indian Auto industry Finance Availability Poor public transport system Improved Infrastructure Low car penetration Rising Family Income Exchange of Cars Favorable duty structure Changing lifestyle Pestel AUTO POLICY VISION TO ESTABLISH A GLOBALLY COMPETITIVE AUTOMOTIVE INDUSTRY IN INDIA AND TO DOUBLE ITS CONTRIBUTION TO THE ECONOMY BY 2010 1. POLICY OBJECTIVES This policy aims to promote integrated‚ phased‚ enduring and self-sustained growth of the Indian automotive industry. The objectives
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ECONOMICS the branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy. SCARCITY: THE NEED TO CHOOSE Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive
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PREFACE Human resource development has in recent years become the focus of attention of planner’s policy makers and administration .Human resource development may be defined as the process of increasing the knowledge‚ skills and capacities of people. It is important not only for an enterprise but for a nation to develop its human resources. A country can develop only when its human resources are developed through health‚ nutrition‚ education training and research. At the enterprise level‚ employee
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