ECONOMICS conimists- 16th and 17th centuries. hysiocrats (farmers) ercantalists (traders) Father of Economics/ Father of the classical school of economic thought- Adam Smith (In 1776‚ he wrote ’An enquiry into the nature and causes of the Wealth of Nations’) According to Smith‚ self interest was an invisible hand which would work for the common benefit of the community. The Great Depression of 1929 was a phase in which supply exceeded demand. John Maynard Keynes (a British economist)
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The political lens seeks to define the elements of power and influence within the company’s hierarchy. It is seen as an arena for competition and conflict among individuals‚ groups‚ and other organizations whose interests and goals differ and even clash dramatically. In the political perspective‚ the roots of conflict lie in different and competing interests‚ and disagreements require political action‚ including negotiation‚ coalition building‚ and the exercise of power and influence‚ all of
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and gentlemen. "Let it be resolved that political dynasties be banned in the Philippines" Political dynasties are the building blocks of Philippine politics. Major political parties such as the ruling Liberal Party‚ United Nationalist Alliance and Nacionalista Party merely exist through alliances forged among powerful political families. Party leaders and candidates for public office are recruited not through a rigid process of selection within political parties but through traditional kinship
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Charles Caleb Colton (English cleric‚ writer and collector) Corruption is an illegal practice that affects public and private sectors of all the nations; it has been defined as one of the most important obstacles to democracy and to the sustainable economic growth in a country. The word corruption comes from the Latin corruptio‚ that means alteration or seduction; but also of corrupte‚ that means in vicious form. According to the Transparency International Organisation (TI) corruption is “the bad use
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an industry where there is a high level of market concentration. Examples of markets that can be described as oligopolies include the markets for petrol in the UK‚ soft drinks producers and the major high street banks. Another example is the global market for sports footwear – 60% of which is held by Nike a nd Adidas. However‚ oligopoly is best defined by the conduct (or behaviour) of firms within a market . T he concentration ratio measures the extent to which a market or industry is dominated
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RECAP - MODULE OUTCOMES Introduction to macroeconomics Measuring performance of the economy The Monetary Sector The Public Sector Macroeconomic Theories Inflation Unemployment Economic growth and development The foreign sector THE PUBLIC SECTOR: STUDY UNIT 4 What are Your Views on Fiscal Policy and How Fiscal Policy Affects You? Roles of Government in a mixed economy 1. Establishing and enforcing rules of exchange such as Property rights‚ Contract law
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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Political Science101 Alex Lust Erin Deng 05/15/2011 Question 1 American citizens have less tax burdens than people in most West European countries. The United States government also spends less money on social programs than most West European countries. They are all democratic countries‚ they have some similar cultures‚ and they even at the same development degree. However‚ what makes the difference on levying taxes and spending money? It should be explained from economic‚ political and cultural
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science and technology‚ the growth of productive forces and people’s life getting better. More and more people need to use internet. Because of that ALIBABA will gets more potential consumers. Online trade will be more and more popular. 2. Economic environment: there are numbers of minor enterprises were grew up after Chinese government start to set up market economy. They need to build new markets. But they can’t get enough information about their competitors or products. Information asymmetry
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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level 9708/42 ECONOMICS Paper 4 Data Response and Essays (Supplement) October/November 2011 2 hours 15 minutes Additional Materials: Answer Booklet/Paper * 2 1 8 2 6 0 2 5 0 5 * READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you
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