Although both GDP and HDI measure the standard of living in a nation through one statistic‚ GDP is less comprehensive than HDI‚ making it not reflect societal well-being as all-rounded as HDI. GDP show total income of a country‚ indicating that only economic growth is taken into consideration. However‚ through means and expected years of schooling‚ life expectancy at birth and gross national income per capital‚ HDI can cover three dimensions: education‚ health and living standard‚ making HDI serve
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11/7/2011 SCHOOL OF PETROLEUM MANAGEMENT South Africa: A Cross Cultural Approach Managing Cross Cultural Issue (MCCI) | ABHIK TUSHAR DAS (EMBA10)‚ NITIRAJ RAJPUT (PGP10)‚ VIRAL NORIYA (PGP10) School of Petroleum Management‚ Pandit Deendayal Petroleum University‚ Gandhinagar‚ Gujarat‚ India. Managing Cross Cultural Issues Contents: 1. Population of the country; its influence in terms of PPP (Purchasing Power Parity) and GDP (Gross Domestic Product) 2. Political turmoil history and
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Pre-trip Background Research 1. History and heritage ** A nation’s dream of unity and common purpose now capable of realization 1.1 The earliest people - The earliest representatives of South Africa’s diversity – at least the earliest we can name – were the San and Khoekhoe peoples - Both were resident in the southern tip of the continent for thousands of years - The hunter-gatherer San ranged widely over the area - The pastoral Khoekhoe lived in those comparatively well-watered
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Discuss whether an appreciation in the exchange rate is to the advantage of an economy. An appreciation is an increase in the rate of one currency in terms of another. A currency will appreciates when the demand for the currency is more that it supply. When a currency appreciates‚ the price of their goods and services will increase. This will then lead to higher price of exports and resulting in lower demand of exports. Thus export receipts fall. At the same time‚ the price of import goods
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Introduction South African Breweries (SAB) is an international company committed to achieving sustained commercial success‚ principally in beer and other beverages‚ but with strategic investments in hotels and gaming. The company was founded in 1895 in response to the demand by gold miners in the Johannesburg region. Prior to the introduction of beer‚ the miners’ drink of choice was raw potato spirits mixed with tobacco juice and pepper. No wonder why the new beer was well received! Because of
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Micro vs. Macro Economics Micro-indiidual consumers/firms Macro-economic aggregates-GDP‚ inflations‚ unemployment Markets-opportunity for exchange 1) Opportunity Costs-value of the next best for gone alternative when a decision is made -all decisions involve an opportunity cost (assuming the firm operates efficiently) 2) Marginal Analysis-analyze situations involving incremental change -marginal: something is changing by a small amount (incremental/one-unit change) 3) Laws of supply and
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course covers macro-economic theory and its applications particularly to the Indian context. The main theoretical framework for the course will be IS-LM and Aggregate Demand – Aggregate Supply. We begin the course with understanding national income accounts. We then set up with simple models of national income determination‚ and relax the assumptions to set up more complex models. These models are necessary to understand and analyze the effects of fiscal and monetary policy on the economy. The course
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Q4 2011 www.businessmonitor.com VietnaM agribusiness report INCLUDES BMI’S FORECASTS issn 1759-1740 published by business Monitor international Ltd. VIETNAM AGRIBUSINESS REPORT Q4 2011 INCLUDES 5-YEAR FORECASTS TO 2015 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: September 2011 Business Monitor International 85 Queen Victoria Street London EC4V 4AB UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 email: subs@businessmonitor
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the human problems of unlimited wants and scarce resources. This field of study is vast that it has been the subject of a great deal of writings. Economics is divided into Microeconomics and Macroeconomics. Macroeconomics deals with the overall economy‚ the aggregate demand and aggregate supply for all goods and services. The main concerns of Macroeconomics are the rate of inflation‚ unemployment and economic growth. On the other hand‚ Microeconomics deals with the functioning of individual consumers
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Macro-environment Demography Research shows‚ that Costco’s way of doing research is a unique way‚ indeed it uses its membership concept to gather statistics on its customers that in turn did not involve extensive research. They are put into groups business owners and licensed professionals‚ depending on the job role‚ for instance‚ business owners and licensed professionals which are in one group and this allows them to minimize the risk involved with accepting cheques and makes it possible to
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