1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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Lords and The House of Commons! British Parliament alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the United Kingdom and its territories. ?The British Parliament‚ in its famed Longitude Act of 1714‚ set the highest bounty of all‚ naming a prize equal to a king?s ransom (several million dollars in today?s currency) for a ?Practicable and Useful? means of determining longitude‚? Davy Sobel. The history of British Parliament surpassed several milestones
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The British colonial government in Lagos did not have local support to abolish domestic slavery because it would upset and cause conflict with the individuals of power in Lagos. Rather‚ the British used a variety of terms to describe slavery‚ for example “[they] insisted that ‘domestic’ slavery in Africa was ‘benign’ or ‘mild’‚ and that slaves should be regarded as ‘servants‚’ ‘serfs’ or ‘family retainers‚’ rather than downtrodden beasts of burden.” The British feared that upsetting the regional
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British Imperialistic Journey Into India and China British imperialism heralded changes in society‚ industry‚ and cultures of both India and China. Both nations were forever changed by this Western influence. India was an underdeveloped‚ naive country‚ easily manipulated and exploited by the territorially crazed‚ money-hungry British Empire. They influenced India’s economy‚ imposed unjust laws‚ and created hostels and uprisings within the nation. In contrast‚ China was a more advanced and developed
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Business Environment Lecture 1 Business & its Environment What is Business? Business is a way of dealing with the problem of scarcity Business involves the transformation of inputs into outputs to meet particular needs or wants of consumers Business is not just The Private Sector it is also The Public Sector and Societies have to choose the balance between the public and private sectors The Private Sector (Pg 7-11) Consists of all business in some form of private ownership COMPETITON
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India was one of the richest countries till the time of British rule in the early 17th Century . Britain developed India for its own benifit they build road for themself not for Indian people . on April 13‚ 1919 (which happened to be ’Baisakhi’ one of Punjab’s largest religious festivals) fifty British Indian Army soldiers‚ under the command of Brigadier-General Reginald Dyer‚ opened fire on an unarmed gathering of innocent men‚ women and children without any reason and killed nearly 4000 people
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Assignment On Business Environment Contents Introduction Business environment refers to the combination of external and internal factors influence the organization of the operating conditions. There are several factors of the customer and the business environment‚ such as suppliers‚ technology‚ law and government activity and the market‚ social and economic trends competitions and owner‚ is improved. Task 1: The Contextual Environment: 1. a Identify the Purpose
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OBJECTIVE The objective of this lab was to determine the effects of two unknown drugs on the microtubule pathways in COS-7 cells through the process of immunostaining. METHOD Before arrival‚ the COS-7 cells were grown in culture dishes submerged in a growth medium that contained bovine serum. Two coverslips covered in the COS-7 cells were provided. After washing the coverslip with Phosphate Buffer Saline (PBS)‚ one coverslip was treated with the control solution‚ and the other was treated with
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1 Executive Summary This report discusses whether and how JetBlue should list its shares on public from several angles. Two principal incentives prove that the IPO process could be inevitable‚ even without an optimal offering price‚ and valuation models including multiples comparison and income analysis imply the firm may be underpriced. Given the situation and all assumptions‚ an increment in either offering size or price is suggested. 2 SWOT and Background JetBlue started by following Southwest’s
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Problems Identified By The Narasimham Committee 1. Directed Investment Programme : The committee objected to the system of maintaining high liquid assets by commercial banks in the form of cash‚ gold and unencumbered government securities. It is also known as the statutory liquidity Ratio (SLR). In those days‚ in India‚ the SLR was as high as 38.5 percent. According to the M. Narasimham’s Committee it was one of the reasons for the poor profitability of banks. Similarly‚ the Cash Reserve Ratio-
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