BUSN 5260 Current Economic Analysis Week 3: Personal Assignment Some students have difficulty understanding the laws of supply and demand and the difference between changes in demand (supply)‚ which are caused by changes in the respective determinates of demand or supply‚ and changes in quantity demanded (supplied) which result from changes in the price of the good or the service. Before you complete this assignment‚ I suggest that you again review Chapter 3 and my lecture material provided
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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 and limitations of national income
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Introduction to macroeconomics Measuring performance of the economy The Monetary Sector The Public Sector Macroeconomic Theories Inflation Unemployment Economic growth and development The foreign sector THE PUBLIC SECTOR: STUDY UNIT 4 What are Your Views on Fiscal Policy and How Fiscal Policy Affects You? Roles of Government in a mixed economy 1. Establishing and enforcing rules of exchange such as Property rights‚ Contract law 2. Promoting competition/prevent
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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the opportunity cost‚ unemployment‚ discouragement of investment and savings‚ and shortage of goods. Positive effects include the reserve bank adjust their real interest rates and encourage investment in non-monetary capital projects. However the economics in today’s time believe that an economy is said to be in a favorable and a stable condition only if the inflation rate is steady or favorably low(as compared to zero or negative). Most of the most developed countries have managed sustain an inflation
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SS8E3a Define profit and describe how profit is an incentive for entrepreneurs. SS8E3b Explain how entrepreneurs take risks to develop new goods and services to start a business. SS8E3c Evaluate the importance of entrepreneurs in Georgia who developed such enterprises as Coca-Cola‚ Delta Airlines‚ Georgia-Pacific‚ and Home Depot. SS8E5 The student will explain personal money management choices.
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provider of retail financing services in the rural and semi-urban areas of India‚ by providing the complete range of financial products and services to customers through the nationwide distribution network. MMFSL’s unique ability is to successfully develop consumer segments that are hitherto untapped‚ even remaining outside the purview of the formal banking system - a classic example of Mahindra Rise Philosophy. MMFSL’s unique business model is socially inclusive and focused at the bottom of the
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gives: This workshop will give the participants an hands on knowledge on how to use Twitter‚ Facebook‚ Foursquare‚ Instagram‚ Blogs‚ Linkedin‚ Yelp etc for not just social networking but as a marketing vehicle to foster your business. What it takes: • Interest in gaining knowledge of the use of different tools on the net. • Interest in application of the knowledge for business and other uses. 2) Entertainment Marketing What it is: Entertainment Marketing is one of the fastest
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as it contains alkalis‚ salts‚ toxins‚ etc b. Domestic Wastes & Sewage Disposal – these wastes are often allowed to pollute rivers and dams. c. Oil Spilling- Major form of marine pollution is formed by oil spill in oceans. This cause huge loss as well as brings lot of destruction to wildlife. 3. Land Pollution a. Soil
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and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer and their form is changed using labor‚ machines and technology. I.e. car manufacturing. It may
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