Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
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MACRO ECONOMICS Classical Dichotomy The classical dichotomy is rooted in the understanding that in the long run‚ real output is determined by “real” inputs such as labour‚ capital‚ natural resources and TFP‚ but not money. This means that changes in the money supply determine changes in the price level over time‚ but not real output. However‚ it is important to remember that the classical dichotomy applies only in the long run. Almost all economists would agree that money and price can have very
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Office: Bridge Hall 204C Office Phone: (213) 740-3934 Office Hours: Monday &Wednesday 3:00-4:00 pm‚ or by appointment E-mail: ibrahimi@marshall.usc.edu COURSE DESCRIPTION Making sound business decisions requires knowing the economic environment in which firms operate. It requires an understanding of key economic indicators‚ the relationship among economic variables‚ the mechanics of how the economy works as a whole‚ and the role of economic institutions. The topics we cover in this
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ANALYSIS SIMPLIFIED FOR YOU) COURSE DURATION: 20 HOURS PER SEMESTER COURSE CREDITS: 02 1. ESSENCE OF ECONOMICS Problems of an economy; Solutions of these problems; Alternative system to tackle the problems; Economics‚ micro – economics & macro – economics; Basis building blocks of microeconomics – rationality‚ marginalism‚ opportunity cost‚ general & partial equilibrium. 2. FALLACIES AND PITFALLS Economics is about decision making‚ fallacies in decision making‚ fallacy of assumption
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fails to meet the needs of customers and to be difference from their competitors. Domino’s Pizza is an American pizza restaurant chain founded in 1960.The scale of changes at dominos are
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Domino’s Pizza uses MultiVu’s Multimedia News Release to Promote the Launch of Cheesy Garlic Bread Pizza BACKGROUND Since 1960‚ Domino’s Pizza has been a leader in franchising the pizza delivery business. From its beginning as a single store in Ypsilanti‚ Michigan‚ improvement has been an integral part of the Domino’s Pizza mission. With over 8‚000 stores worldwide‚ the company strives to put its customers first. In 2007‚ Domino’s introduced Cheesy Garlic Bread Pizza. Domino’s Pizza approached
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Comparison of Pizza hut and Dominos Posted by admin on February 24‚ 2013 in MANAGEMENT No comments TOTAL QUALITY MANAGEMENT‚ pizza hut vs dominos‚ dominos vs pizza hut‚ comparison between pizza hut and dominos‚ difference between pizza hut and dominos‚ research‚ report‚ project ACKNOWLEDGEMENT “In the name of Almighty Allah‚ the most beneficent and merciful to the mankind.” This project would not be possible without the encouragement and guidance of number of people. We feel highly obliged and
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The Domino Effect is the cumulative effect when one event sets off a chain of other events. This effect has happened multiple times throughout history‚ the two largest examples being The Red Scare of the 1950s and the Salem Witch Trials of the 1600s. The Red Scare‚ initiated by senator John McCarthy‚ caused the American people to develop mass suspicion‚ thinking that communists were roaming America attempting to destroy it. Perhaps one of the largest tragedies in human history‚ the Salem Witch Trials
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EXECUTIVE SUMMARY The macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. "The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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The Vietnam War and the Domino Theory The Americanization of the war in Vietnam was inevitable because of the prevailing belief of the “domino theory” that could take effect. The Domino Theory‚ which President Harry Truman first articulated in the1940’s‚ is the belief that the fall of one noncommunist state to communism would precipitate the fall of other neighboring noncommunist states (Shabecoff). This theory is the identical strategy that Communist China planned to achieve‚ with Vietnam
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