Long Run Equilibrium (A) Firm and Industry: A competitive market is made up of a large number of firms with complete freedom of entry. Such firms together are called competitive industry. An industry can be defined as a group of firms producing homogeneous products with freedom of entry and exit and which earn only normal profits. Hence the concept of an industry is applicable only under competitive conditions. There is no fixed size of an industry though the analytical stability of an industry
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Foreign aid refers to the international transfer of capital‚ goods or services in the form of grants or loans; sometimes it is referred to as voluntary transfer either from one government to another (bilateral assistance) or through a multilateral assistance agency like the World Bank for the benefit of the recipient country or its population. Aid can be in the form of economic‚ military or emergency humanitarian aid‚ especially during natural disasters. (Todaro and Smith 2010:229) Foreign aid was
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International Trade Trade Most economists believe in free trade - the movement of goods between countries in the absence of harsh restrictions placed upon this exchange. The comparative cost principle is that countries should produce whatever they can make the most cheaply. Countries will raise their living standards and income if they specialize in the production of the goods and services in which they have the highest relative productivity: the amount of output produced per unit of an input
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You’ve heard the phrase “worth your weight in gold.” Well how about‚ worth your weight in silver instead? Their once was a time when the world trade depended heavily on silver. Chinese ports would accept nothing but silver‚ and they had the luxury trade goods and commodities that European countries enjoyed and needed. In one fell swoop China had dramatically changed global economies as well as social standards. First we see how the silver coin had an effect on China. Silver became Chinas number
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Studies‚ Stamford University Bangladesh. In this regard Mr. Mustafa Mushfiqul Haque‚ Asst. Professor & supervisor of the writer urged to prepare a report. The reason behind choosing this topic is to know the mechanism of Foreign Trade operations and how much the earnings of Foreign Trade contribute to the total earnings of Pubali Bank Limited‚ to provide some relevant recommendations in favor of the Bank. 1. Rationale of the report: Knowledge and learning become perfect when it is associated
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EMBA Program Department of Banking Faculty of Business Studies University of Dhaka [pic] Date of Submission: 22 March‚ 2009 A TERM PAPER on “International monetary fund” For the Course Foreign Exchange Course No. CB-…… Prepared for Md. Salim Asstt. General Manager BASIC Bank Limited Babu bazaar Br. Dhaka Prepared By Shanto Ahmed
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PRICE LEVELS AND FOREIGN TRADE ELCİN AGAZADE European Union membership has an affect on countries both political and economical aspects. For countries who become an EU member‚ substential changes in economic indicators can be observed as change in economic structure‚ change in monetary policies‚ new interaction with different counrtries‚ new trade agreements. In this essay‚ I will evaluate the economical impacts of EU membership on Finland in terms of price level and foreign trade. Finland joined
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a firm’s goal(s) in a situation when they may not profit as much in the short-run as they would in the long-run. Why might a firm choose to do this? Give an example of this in Vietnam. (100 words) Competitiveness is the core key for every business firm to remain in a particular market segment. There are too many rivals in the market‚ although the demand is still high. Price should be in the best and the firm with short-run oriented planning and implementation cannot afford the high marginal costs
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Trade and Finance Trade and Finance Speech Today the current state of the United States macroeconomy will be discussed. Over the past three years the government has experienced economic growth and falling employment since the recession ended. However‚ this has been the weakest rebound from a recession after World War II ((Sivy‚ 2013). The unemployment is higher than it should be‚ and the economic growth has slowed down dramatically. Our citizens who have secure jobs and a stable home the
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Analyze and comment about RCA of Vietnam based on data from Trade Map in 2012. Contents Introduce about RCA Analyse of some VN’s industries Evaluation of statistics Case study of Rice: RCA of Vietnam Rice in comparision with Thailand Introduction Coefficient of Revealed Comparative Advantage (RCA). • Represent comparative advantage or disadvantage of a certain country in a certain goods or services. • It is based on the Ricardian comparative advantage concept. EX1 : Export value of commodity
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