MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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1. Functions of departments in Thanh Dung Company * BOD: The main function of the board is to manage the business in the best interest‚ primarily of the shareholders. In other words it is their duty to add value to the business which‚ by definition‚ requires the director to ensure that the Thanh Dung Company continues to improve its profitability and the price or value of its shares. They will set up targets‚ policies and strategies to create the premise for the operation of Thanh Dung Company
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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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Assume a consumption function that takes on the following algebraic form: C = $100 + .8Y. Assume that Y = $1000 what is the level of consumption at this income level. C = $100 + .8($1000) = $100 + $800 = $900. 1. Using the above figure calculate the marginal propensity to consume between the aggregate income levels of $80 and $100. Also explain why this consumption function is linear. The marginal propensity to consume is equal to $15/$20 = .75. The consumption
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Billion and a GDP of 7321508 Million US dollar. Population explosion in China was an outcome of high economic growth as well as a reason of heavy profits and surpluses of manufacturing industries in China. Through this paper I Intend to compare the similar relation among other countries like Japan and Sweden. Aging population brings the availability of cheap labor down and hence impacts the economic performance of countries. I will examine fertility and mortality and age structure pattern of population
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Social Interaction is the interactive process by which a person learn the rules of norms of a society. There are many different types of social interaction but competition is a main one that is very present in societies today. Competition is the act of competing against someone or something when a resource or action is needed and there is a low supply of it. Competition is not only found between two or more people but also in a variety of other areas in society. Unbroken‚ a novel written by Laura
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Professor McKennon Eng68 winter 2013 23 January 2013 The Rating System Movie‚ film or motion pictures‚ “a sequence of images of moving objects photographed by a camera and providing the optical illusion of continuous movement when projected onto a screen.” (Dictionary.com). A movie is an entertainment that was invented in the mid-19th century and was slowly developed in the early 1900s. At the beginning‚ a movie was just a simple entertainment without any sound‚ but as technology has progressed
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Case 1-1: E-Centives‚ Inc‚ - Raising Capital in Switzerland On October 3‚ 2000‚ E-Centives‚ incorporated in the United States‚ made an initial public offering on the Swiss Stock Exchange’s New Market. The company raised approximately US $ 40 million. The E-Centives offering circular stated that no offers or sales of the company’s common stock would be made in the United States‚ and that there would be no public market for the common stock in the United States after the offering. THE SWISS EXCHANGES’S
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Introduction THE NATIONAL INCOME One of the basic questions facing economics centers on whether the total output of goods and services is growing from year to year or it remains static. This question is very important because countries are keenly interested in the performance of their economy. National income estimates enable countries to calculate the total production of goods and services in a year. The lecture also focuses on the measurement of national income and their problems‚ uses
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[pic] With the financial support of the "Europe for Citizens" Programme of the European Commission "Too many people expect wonders from democracy‚ when the most wonderful thing of all is just having it." Walter Winchell BASIC PRINCIPLES OF ACTIVE DEMOCRACY What Is Democracy? [pic] Democracy comes from the Greek word‚ "demos‚" meaning people. In democracies‚ it is the people who hold sovereign power over legislator and government. Democracy is a form of government
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