the period from 01 September 2004 up to 20 September 2005. CHANGES IN INTELLECTUAL PROPERTY LAWS Rules & Regulations Implementing Republic Act No. 9239 otherwise known as the Optical Media Act of 2003 In February 2005‚ the Optical Media Board (“OMB”)‚ under the Office of President‚ promulgated the Rules and Regulations Implementing Republic Act No. 9239 (Implementing Rules”)‚ otherwise known as the Optical Media Act of 2003 which took effect on 02 March 2004. The Implementing Rules enhance
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prices and nutritional value‚ but for how good they taste. “More or less” Gini index measures inequality Brazil: inequality worldly-famous The view that income inequality harms growth—or that improved equality can help sustain growth—has become
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In this writing Haslett discusses the problem of inheritance undermining the economic theory of capitalism. He acknowledges wide gaps in the distribution of income‚ but introduces even larger gaps in the distribution of wealth as a greater problem. Haslett supports this accusation by proving inheritance conflicts the three most important values of capitalism. He proposes to readjust balances of wealth in America by abolishing inheritances. Inheritances violate capitalistic ideals of distribution
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Basic Assumptions of Say’s Law: * (a) Perfectly competitive market and free exchange economy. * (b) Free flow of money incomes. All the savings must be immediately invested and all the income must be immediately spent. * (c) Savings are equal to investment
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The December 26‚ 2004 Sumatran Tsunami [pic] On the morning of December 26‚ 2004 a magnitude 9.3 earthquake struck off the Northwest coast of the Indonesian island of Sumatra. The earthquake resulted from complex slip on the fault where the oceanic portion of the Indian Plate slides under Sumatra‚ part of the Eurasian Plate. The earthquake deformed the ocean floor‚ pushing the overlying water up into a tsunami wave. The tsunami wave devastated nearby areas where the wave may have been as high as
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Historical Validity in 2004’s "The Alamo" In the 2004 release‚ by Touchstone Pictures‚ "The Alamo" takes a famous story told throughout time and recreates it on the screen once again. This time was it really any better than the other releases? Maybe the flashy effects and better film quality could interest you in this movie but the real question is how valid is it. To the average person this story looks as if they have recreated it perfectly‚ but to a historian it might not look so genuine. Although
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National Income National income is a sum of incomes received in a year by a nation’s factors of production for their contributions to economic activity; or a sum of wages and salaries‚ interest‚ rent‚ and profit received during a year by a nation’s factor of production. It excludes gifts‚ consumer debt‚ grants and benefits received without engaging in any productive or economic activity. National income accounting refers to the set of rules and techniques of measuring the income of the economy
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Income Elasticity of Demand Income Elasticity of Demand is a measure of responsiveness of demand to the changes in income and it involves demand curve shifts. It provides information on the direction of change of demand‚ given a change in income and the size of the change. Formula for YED: Percentage change in quantity demanded = %ΔQ Percentage change in income %ΔY Normal goods have a positive value of YED‚ while Inferior goods have a negative value of YED as shown
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(c) Assume that total household incomes rise from £500bn to £550bn. Assume that this results in the consumption of domestically produced goods and services rising from £450bn to £490bn. What is the mpcd? (Cd / (Y = £40bn/£50bn = 4/5 or 0.8 (d) Assuming that the mpcd remains constant‚ what will the level of consumption of domestically produced goods and services be if national income now rises to £700bn? If national income rises from £550bn to £700bn‚ a rise
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TITLE : NATIONAL INCOME TEAM MEMBERS : SARAH CHIN‚ ARDEN‚ NURUL NADYRAH & FIR DAUS LECTURER : MR.MANO TABLE OF CONTENT 1. INTRODUCTION TO NATIONAL INCOME 3‚ 4 2. BACKGROUND OF NATIONAL INCOME 5‚ 6 3. THE MEASUREMENT OF NATIONAL INCOME 7‚ 8 4. THE PROBLEMS IN MEASURING NATIONAL INCOME 9‚ 5. PROBLEMS OF COMPARISON OF NATIONAL INCOME BETWEEN 10 COUNTRIES 6. CONCLUSION 11 7
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