1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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China and Globalization Society & Culture Globalization has‚ no doubt‚ done wonders to China. If the economy is booming‚ it is because of globalization and economic reforms particularly the opening up of the economy to the outside world. At the same time‚ there are certain ill effects which China is still grappling with. Globalization has‚ however‚ brought in more ‘positives’ than ‘negatives’ though some of them are obnoxious to the Chinese society and the economy. Before the liberalization
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Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define inflation
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China is a very strong power and with the continued growth of this it’s considerable influence on world affairs will become more apparent in the next decades. A peculiar scenario has played out in the past years - the heightened fear of current global powers over China’s rising has actually helped enhance (maybe even exaggerate) China’s status as this formidable force on the world stage. According to data cited by Michael Beckley (2011/12; p.41) “the ‘rise of China’ has been the most read-about
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Managerial Economics Final Project Fajwa’s Apparel Outlets Iqra Fayyaz (10223004) Malik Usman Khan (10223001) Sufyan Adil (10223024) Jabbar Ahmed(10223006) Mohd. Salman (08110104) Instructor: Dr. Tasneem Akhtar GIFT Business School GIFT University ACKNOWLEDGMENT In the name of ALLHA ALMIGHITY the lord of the world who has bestowed us with abilities and blessed with knowledge so that we can make best of opportunities provide to us. First of all we are indebted toward ALLHA ALMIGHTY
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OVERPOPULATION IN CHINA Nearly 4‚000 cities on our planet today have populations of 100‚000 people or more and these figures are only increasing as the world plummets into a state of extreme overpopulation. Overpopulation refers to the human population‚ the environment and the deepening concern that Earth doesn ’t have enough resources to support the growing global community. “The world population is currently growing by 74 million people per year – the equivalent of a city the size of San Francisco
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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India and China Comparison of Global Trade and Finance Rise of the Asian Tigers Section S6 - Group 7: Akrati Bhargava (12DM-018) Anant Modwal (12FN-012) Pushpak Roy (12DM-105) Priyanka Jain (12DM-103) Shweta Bhalla (12FN-124) Soumya Roy (12FN-131) INDEX 1. 2. 3. 4. 5. 6. ABSTRACT INTRODUCTION RELEVANCE OF INDIA AND CHINA IN GLOBAL ECONOMY CHINA’S AND INDIA’S ROLE IN GLOBAL TRADE CHINA’S AND INDIA’S ROLE IN GLOBAL FINANCE REFERENCES 2|P ag e Abstract In today’s modern world India
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CHINA AND THE W.T.O: What price membership ? WHY TALK ABOUT CHINA? Economy • 2nd Largest economy of the world after the U.S. • Largest economy in the world on PPP calculations according to a 2014 estimate from IMF. • Fastest growing major economy( >10% average in last 30 years) Trade • Largest manufacturing economy of the world • Largest exporter of goods. • Largest growing consumer market • 2nd Largest importer of goods. • China became the world’s largest trading nation in 2013 A BRIEF OVERVIEW
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Mehdi TasalotiProgram:BBUS Bachelor Of Bussiness (HONS) Title: Economics Growth CONTENTS PAGE 1.0 DEFINITION OF ECONOMIC GROWTH 3 2.0 BENEFITS OF ECONOMIC GROWTH 4‚5 3.0 COSTS OF ECONOMIC GROWTH 6‚7 4.0 CAUSES OF ECONOMIC GROWTH 8 4.1 DEMAND SIDE CAUSES 8‚9 5.0 Why Economic Growth may not bring increased Happiness 9‚10‚ 11‚12 6.0 Poverty‚ Income Inequality and Economic Growth 13 6.1Does Economic Growth Reduce Relative Poverty and Income 14 6.2Why Economic Growth May not Reduce Income Inequality and Poverty
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