Economic Growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product‚ or real GDP. Growth is usually calculated in real terms‚ i.e. inflation-adjusted terms‚ in order to obviate the distorting effect of inflation on the price of the goods produced. Economic growth typically refers to growth of potential output‚ i.e.‚ production at "full employment". It
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Growth of Motor Cycle Transport in Kenya | The boda boda bicycle transport business are believed to have originated in the Kenya boder town of Busia.Bicycles were used for a very along time in the town befor it was spread to the other towns in Kenya .The name boda boda is derived from the operation of the business across the border of the two countries of Kenya and Uganda .The boda boda is believed to have been started by afew people fro the luhya tribes of the area and it has grow in to very big
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Inclusive Growth and Poverty Reduction in Africa The Experience of Zambia Dr. Francis Chigunta Overview • After stagnating for much of its post‐colonial history‚ economic performance in Africa has improved remarkably in recent times • Average of 5.6 per cent a year • Africa was one of the fastest growing regions in the World from 2001 to 2008 • Despite the global economic crisis Africa’s ‘robust’ growth has since resumed. • 4.8 %on average in 2011 (World Bank)‚ with the • 5.2% (International Monetary Fund)
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ADM 570- SERVICE MANAGEMENT DONA ROFITHOH BT DON RAMLI (2011296394) SHAZLYN ERMIEZA BT YAACOB (2011294904) NABILAH BT ABD KARIM (2011) 3. Highlight various factors responsible for the growth of organization. AIR ASIA Increase of products/ services Low cost operations Trends FACTORS Multi-skilled and welltrained staffs Using of one type of aircraft Strong brand recognition‚ marketing approach and awareness Trends - According to the World Bank‚ the demand for services is on the rise with
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Is vertical growth better than horizontal growth? Red Dragon Farm Inc. is a perfect example of a company that has applied vertical integration. It started as humble farms which grew hog and poultry which supplied to distributors. In 2005‚ it opened its own retail division under the brand Fresh Options and sold what used to be simple commodities as branded meat products. For this‚ it is able to charge a premium for all the value adding activities it incorporates in delivering fresh and safe meats
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ASSIGNMENT ON ECONOMIC GROWTH DEFINATION: An increase in the capacity of an economy to produce goods and services‚ compared from one period of time to another. Causes of economic growth: Economic growth does not have a set recipe. it is evident that different countries grow at different rates and for different reasons. Every country economy is build differently. Possible causes of economic growth: * Improvement to the labor force: 1) Improvement to the
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time immemorial‚ the conventional banker‚ an indispensable pillar of Indian society‚ giving and taking of credit in one form or another‚ must have existed as earlier as the Vedic period. Money lending was one of the recognised occupations under Manu’s laws’ . The history of modem Indian banking2 goes back to 1683 when the first Indian Bank was established on western lines in Madras. The establishment of the Bank of Calcutta in 1806 marked the beginning of the modern banking era in India. Two
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INDIAN RETAIL INDUSTRY INTRODUCTION The India Retail Industry is the largest among all the industries‚ accounting for over 10 per cent of the country’s GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. Shopping in India have witnessed a revolution with the change in the consumer buying behavior and the whole format of shopping also altering. Industry of
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Economic Growth Economic growth is by far the most important economic goal. This is for many reasons. First‚ a nations economy must grow with its population so it can provide jobs for the new people joining the workforce. There will always be people looking for jobs in an economy. As a population grows‚ so does its population of people looking to join the workforce. A nations economy must grow with the population so it can provide these goals. Next‚ when people are wanting to have more income
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ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
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