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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manufacture the item for export and extend the duration of the scheme up to the end of December this year. The government is able to do this because the inflation rate is consistently falling for the last one and a half month. As Ashok Chawla Economic Affair’s Secretary in the Finance Ministry observes "the trend is clear. This will translate into lower interest rates." There is a possibility of inflation rate coming down to
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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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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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Contents 1. CHAPTER ONE 2 1.1 INTRODUCTION 2 1.1.1 Background 2 2. CHAPTER TWO 5 2.1 LITERATURE REVIEW 5 2.1.1 Definition of key concepts 5 2.1.2 Gender inequality indicators for education 6 2.1.3 Overview of Gender‚ education and economic development 7 2.1.4 Factors affecting gender equality in education. 8 2.1.5 Gender Equality in Education the Ethiopian Contexts 10 3. CHAPTER THREE 12 3.1 ANALYSIS AND FINDINGS 12 3.1.1 Trend of Gender equality in primary education 12 3.1.1.1 Primary
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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What is Economics? Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction‚ studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions
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to find qualified people at the salaries they want to pay". Not the same thing. Recession unemployment rate :- Some 8.4 million jobs have been lost during the recession‚ the Labor Department reported Friday (US). That’s three times the employment losses of the deep recession in the early 1980s.Robert Galbraith/Reuters (http://www.csmonitor.com/Business/new-economy/2010/0205/Unemployment-rate-falls-but-recession-s-toll-is-worst-since-the-30s) Job Openings :- The silver lining is that more than
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Frankly‚ to know more about Islamic economic‚ lets briefly look at differentiation between Islamic economic and conventional economic. The first different is the role of moral values. Basically‚ conventional economics is more concern towards behavior and preferences of individuals as given. However‚ Islamic economics more concern on individual and social improvement throughout the moral elevation. This moral evaluation or known as uplift moral aims to the changes of individual and preferences of
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Definitions; Basic economic problem – Capital capital goods‚ or real capital are those already-produced durable goods that are used in production of goods or services. Command economy – economy where supply and price are regulated by the government rather than market forces Division of labour - Division of labour is the specialization of cooperative labour in specific‚ circumscribed tasks and like roles Enterprise- simply another name for a business. Free market economy - is an economy in
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