the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of small-scale industries in the economic development of the country. The small-scale industry have been playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government
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f. The money demand curve shifts left‚ Ceteris Paribus. To answer questions 2 and 3‚ you need to use the document ’Graphs_HW 9’. Click on the link to get a copy. 2. Using Graphs 1‚ which sequence shows the logic of the interest rate effect? A sequence would be 2‚ 1‚ 4‚ 3 for example. Note: you may have similar quiz questions. 3. Use Graph 2. Graph 2 represents a short run money market with a current money supply of $250 billion‚ an equilibrium interest rate of 4%‚ and a required
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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References: 1. Sexton‚ Robert; Fortura‚ Peter (2005). Exploring Economics. "This is the sum of the demand for all final goods and services in the economy. It can also be seen as the quantity of real GDP demanded at different price levels." 2. ^ O ’Sullivan‚ Arthur; Steven M. Sheffrin (2003). Upper Saddle River‚ New Jersey 07458: Pearson Prentice Hall. pp. 307. 3. Australian Bureau of Statistics‚ Concepts‚ Sources and Methods‚ Chap. 4‚ "Economic concepts and the national accounts"‚ "Production"‚ "The production
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Economic Effects of World War I on the United States During the early nineteenth century most of Europe and the United States entered the First World War. However‚ when war first broke out the United States refused to enter the war and President Wilson was determined to remain a neutral country. Although the United States wished to remain neutral‚ they still continued to trade with warring nations‚ which ultimately caused them to join the war. If the United States had stayed out
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resources financially ‚ we as consumers are now faced with the choice of what to purchase and how much to purchase so that we may satisfy our appetite whilst still remaining well within our allocated budget. This scenario is basically the concept of economics’ placed into practice in one’s everyday life. To the average consumer purchasing products or goods that are relatively close to the product’s expiration date may seem risky‚ hazardous‚ life threatening to one’s health or to the more skeptical individual
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MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
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Contents 1. CHAPTER ONE 2 1.1 INTRODUCTION 2 1.1.1 Background 2 2. CHAPTER TWO 5 2.1 LITERATURE REVIEW 5 2.1.1 Definition of key concepts 5 2.1.2 Gender inequality indicators for education 6 2.1.3 Overview of Gender‚ education and economic development 7 2.1.4 Factors affecting gender equality in education. 8 2.1.5 Gender Equality in Education the Ethiopian Contexts 10 3. CHAPTER THREE 12 3.1 ANALYSIS AND FINDINGS 12 3.1.1 Trend of Gender equality in primary education 12 3.1.1.1 Primary
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In the world of economics‚ the two main recognizable concepts are supply and demand. These two simple lines influence the factors in the free market. This paper examines how the laws of supply and demand influence the process of reaching market equilibrium for USB flash drives. Law of Supply The law of supply states that‚ “other things equal‚ firms will produce and offer for sale more of their product at a high price than at a lower price” (McConnell‚ Brue‚ & Flynn‚ p. 54). The basic determinants
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River is the champion of the Generation Adidas Cup The Sixth Division beat Flamengo 2-1 in the final and‚ for the third consecutive year‚ the trophy remained in hands of el Millonario. The Category 2000‚ lead by Juan José Borrelli‚ was crowned champion of the Generation Adidas Cup‚ played in Dallas‚ after beating Flamengo by 2-1 in the final. Julián Álvarez was in charge of opening the scoreboard. After receiving a low center from Matías Benítez‚ he defined with a right kick to the goalkeeper’s
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