Post-war Afghan Economy How National is the National Development Framework By SIBA SANKAR MOHANTY Afghanistan occupies a central significance in South Asia owing to its geo-strategic location and natural resources-but is considered as one among the poorest countries in the world. Being a small‚ land locked and poor country with around 85 percent of its population depending on agriculture‚ and its socio-economic structure being influenced in every respect by external forces for more than twenty
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The UK economy After faltering for several years‚ the UK economy shows signs of real recovery‚ with rising spending‚ investment‚ exports and even manufacturing growth. At the start of 2014‚ there seems to be a virtuous circle of falling unemployment‚ falling inflation‚ and rising GDP. After one of the longest and deepest recessions on record‚ these signs of economic growth are definitely welcome‚ yet it is far from a return to normality. Real GDP is still 2% below its 2008 peak‚ and the economy
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INDIAN ECONOMY India is today one of the six fastest growing economies of the world. The country ranked fourth in terms of Purchasing Power Parity (PPP) in 2001. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented‚ skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant‚ rapidly growing consumer market‚ comprising over 300 million strong middle class with increasing purchasing
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in 1932. Roosevelt’s extensive program to restore the economy made up the New Deal. Overall‚ these legislative measures dealt with assisting people financially‚ reform other systems and institutions‚ and recover the prosperity before the Depression. While not all were entirely successful‚ the various programs all contributed to the eventual‚ though gradual‚ recovery of the economy. Age of the Radio: Radio reached its climax in the 1930s when millions of Americans listened to network news commentators
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The underground economy consists of concealed legal economic activities undertaken to evade taxes or illegal economic activities (i.e.‚ trafficking‚ drugs‚ and prostitution) with unreported barter and cash transactions that take place outside recorded market channels. These types of barter and cash transactions are hard for government authorities to trace and are the lifeblood of the underground economy. These underground activities are often very productive and are not included in the gross domestic
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Mixed economy -Both the state and private sector direct the economy -All of the economies are mixed economy since no economy is running pure planned economy or market economy -Market price decided by both market and states (i) Allocation Function: Government has to provide for public goods. Public goods such as national defense‚ government administration and so on are different from private goods. These goods cannot be provided through market mechanism but are essential for consumers and
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and how it affect the global economy Abstract: The oil prices have started rising significantly since the initiation of the twenty first century. Theoretically‚ one can judge the impact of an oil price shock. The immediate effect of the oil price shock is the increased cost of production due to increased fuel cost. This creates an inflationary effect (mainly cost push inflation which is accompanied by a situation of unemployment). Whenever there is an overall inflation in the economy‚ the
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to mixed economy. What Is Mixed Economy? According to Amadoe (2015)‚ mixed economy can be defined as “An economic system that features characteristics of both capitalism and socialism. A mixed economic system allows a level of private economic freedom in the use of capital‚ but also allows for governments to interfere in economic activities in order to achieve social aims. This type of economic system is less efficient than capitalism‚ but more efficient than socialism.” In mixed economy private sector
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Economy of Ireland I. Introduction The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy‚ focusing on services and high-tech industries and dependent on trade‚ industry and investment. Since the mid 1990’s‚ Ireland has experienced consistent growth rates of up to 10% per annum. This has been attributed to years of strong government planning through the implementation of five-year National Development Plans. These plans provided for large-scale
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policies that affect the economy as a whole with the aim of minimizing fluctuations in the business cycle. Macroeconomic policies are made up of two types of policies‚ these including both monetary implemented by the Reserve Bank of Australia and fiscal policies administered by the government. The implementation of these policies has a significant and vital role in the achievement of multiple economic objectives. These including; Full employment of labor resources‚ sustainable economic growth and
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