Mandan Mishra etc • • • • • • OUR STRENGTHS • TOP CLASS HUMAN RESOUCE • FERTILE LAND • ABUNDANCE OF WATER • CHEAP AND INDUSTRIOUS LABOUR …BUT THIS IS WHAT WE INHERITED • BAD LAW AND ORDER – PEOPLE FELT INSECURE- WHICH LED TO FLIGHT OF CAPITAL AND TALENTED HUMAN RESOURCE • CENTRALISED POWER STRUCTURE – LACK OF TRUST IN THE HIERARCHY • LIMITED INTERACTION - UNIPOLAR COMMAND SYSTEM • LOW MORALE OF THE BUREAUCRACY OUR OPENING BALANCE (this is where we started) LOW PER CAPITA INCOME 25000
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Revenue Service‚ employers and workers alike. Americans are reverting to the underground economy‚ where tax-evaders‚ illegal workers‚ prostitution‚ and drug rings are abundant. This type of hidden income made by these activities go unreported in the national income‚ and has become accepted as the status-quo all over the world. The Underground economy is difficult to control‚ but can be managed with well thought out tax plans‚ and more severe punishment. In the years leading up to 1965‚ the marginal
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[pic] THE NETWORK ECONOMY The Network Economy The history of economics of the Industrial Revolution since its beginnings is based on growth. Growth of people meant more customers and growth of production‚ which lead to growth in profits. This so-called “old” or traditional economy was based on bulk production‚ demanding large quantity of resources and limited know-how. The traditional economy‚ according to Alfred Marshall was based on diminishing returns. According to him producers
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Growing Technology Famous 1930s actor Bill Benedict expresses “Technology is getting a new life.” Basically‚ technology is evolving so much and so fast it is almost as if it is gaining a life of its own. The new technology that’s emerging gives individual’s a new life and new way of living. In Jonathan Rowe’s essay‚ “Reach Out and Annoy Someone‚” he illustrates his frustration with the new technology better known as a cell phone. He focuses on the negative impact cell phones have on
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Chap1: The National Economy I. THE SCOPE OF MACROECONOMICS the major macroeconomics issues Economic growth; governments try to achieve high rates of economic growth economies suffer from inherent instability. As a result‚ economic growth and other macroeconomic indicators tend to fluctuate. Rate of eco growth: the percentage increase on national output‚ normally expressed over a 12 month period. Unemployment waste of human resources‚ unemployment benefits are a drain on gov revenues
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ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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Economy of Vietnam By Adam McCarty Introduction Vietnam has been a country ruled by colonists‚ divided or at war for most of the twentieth century. Unification of the country in 1976 was followed by invasion of Cambodia in 1978‚ and a subsequent brief but violent war with China. This troubled history had profound consequences for economic development in general‚ and attempts to impose central planning in particular. Central planning was imposed upon Northern Vietnam in the 1950s‚ and upon
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GDP Growth Rate Let us start by defining Gross Domestic Product “GDP” this is an economic indicator of how the health of U.S. economy rate of growth whether it slowly down or increasing in a positive manner. If the GPD is growing in a positive direction that means businesses will grow and unemployment will decrease. GPD is measured by comparing current and previous quarter U.S. economic output. Now if the GPD slows down this would cause businesses to decrease spending and in future investments.
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‘Growing Up’ by Joyce Cary (page 73) Joyce Cary – a man – was born in 1888 and died in 1957. This short story gives no hint of the adventurous and varied life of the writer himself. He was born in Northern Ireland and was educated at Oxford‚ before taking part in the Balkan War and then moving to Nigeria as a civil servant and a soldier. He was married with four sons. Although some of his novels and short stories reflect his experiences in Africa‚ he also wrote about art and politics. This short
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there as well to pamper me‚ being the youngest in the family. Then one day‚ thinking that the morning was going to be how it’s always been‚ I thought wrong. Mom told me I was going to school. I initially thought‚ it was going to be fun‚ to be out of the house and break from the routine for a change. However‚ as soon as I got to the school in the midst of total strangers‚ I found my world crumbling. I tugged nervously at
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