JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY SCHOOL: SHRD DEPT: EPD COURSE: BPS UNIT: TRANSPORT ECONOMICS PRESENTER: JULIUS GIKONYO REG No: HD211-5143/2011 LEC: EVANS SANDE Introduction. Transport and its related services is a catalyst for economic growth‚ and direct and indirect job creation in South Africa. The provision of affordable‚ safe and reliable transportation of goods and people is critical to the development of the country. Government boosted transport infrastructure
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Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of growth
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post-war economic miracle The war wiped out many of the gains Japan had made since 1868. About 40% of the nation’s industrial plants and infrastructure were destroyed‚ and production reverted to levels of about fifteen years earlier. The people were shocked by the devastation and swung into action. New factories were equipped with the best modern machines‚ giving Japan an initial competitive advantage over the victor states‚ who now had older factories. As Japan’s second period of economic development
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Sarah Grumbine AP Economics July 26‚ 2013 What’s to Love about Economics? 1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue
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ECONOMICS ASSIGNMENT Glossary SA – South Africa GDP – Gross Domestic Product FDI – Foreign Direct Investment MBA 2013 January Intake 1 ECONOMICS ASSIGNMENT Question 1 Using appropriate diagram‚ illustrate and explain what has happened in the Chinese economy since 2005? What have been the year-on-year GDP growth rates and what‚ in your opinion‚ has led to this performance? What are some of the other economic problems China seems to be experiencing? Over the past three decades
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Contributions and Achievements of Fidel V. Ramos * during his time‚ the Philippines was cited as Asia’s Next Economic Tiger because he brought back economic growth * the Philippines celebrated Centennial Independence in 1998 * he’s the only Filipino who received British Knighthood from the United Kingdom‚ bestowed by Queen Elizabeth II (Knight Grand Cross of the Order of St. Michael and St. George) * he led the 4th APEC Summit held in the Philippines * his “Philippines 2000” vision
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ASSIGNMENT 1 DIPECO03 Basic Economics Question 1 Flow of Goods and Services Flow of Cash EXAMPLES OF TRANSACTIONS ON MARKET FOR GOODS AND SERVICES Question 1(a) and 1(c) EXAMPLES OF TRANSACTIONS ON MARKET FOR FACTOR OF PRODUCTION Question 1(b) and 1(d) Question 2 Consider the market for minivans. For each of the events listed here‚ identify which of the determinants of demand or supply
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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Publication Server of the ZBW – Leibniz Information Centre for Economics Borghans‚ Lex; Duckworth‚ Angela Lee; Heckman‚ James Joseph; ter Weel‚ Bas Working Paper The economics and psychology of personality traits IZA Discussion Papers‚ No. 3333 Provided in Cooperation with: Institute for the Study of Labor (IZA) Suggested Citation: Borghans‚ Lex; Duckworth‚ Angela Lee; Heckman‚ James Joseph; ter Weel‚ Bas (2008) : The economics and psychology of personality traits‚ IZA Discussion Papers
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Economics Assessments 1.1.1 Scarcity‚ Choice‚ Opportunity Costs‚ and Comparative Advantage – Using examples‚ explain how scarcity‚ choice‚ opportunity costs affect decisions that households‚ businesses‚ and governments make in the market place and explain how comparative advantage creates gains from trade. 1. Willie loves ice cream. He has found a store that sells ice cream cones at a bargain price of $0.50 each. He has just eaten two of these cones but has not decided to buy a third one
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