* Why might a country in an early stage of economic and technical development want to limit importation of goods from more developed countries? They might want to sale the same products that these developed countries already have mastered and marketed well. It might be in there interest to enact protectionist legislation. They want to be able sale as much of their domestic product without competition from dominant developed countries firms. This would increase the market share available to sale
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Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities‚ identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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LOCATION AND DEVELOPMENT OF TOURISM ACTIVITIES The changes in location and development of tourism activities over the past 50 years can be linked to advantages in air travel‚ economic growth and the development of technology linked to the internet dangers in the type and availability of accommodation for tourism has also been responsible for changes in the development of tourism activities. Population growth must also be considered when explaining changes in the development of tourism. Booking
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views about the relation between economic growth and financial development. First‚ financial development has impact on economic growth (i.e. Bagehot‚ 1873; Schumpeter‚ 1912; McKinnon‚ 1973; Shaw‚ 1973; Patrick‚ 1966; Goldsmith‚ 1969; Fry‚ 1973). Second‚ economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson‚ 1952). The third view‚ however‚ contends that both financial development and economic growth Granger cause one another
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1 | Tawang‚ famous for its Buddhist monastery‚ is situated in ……….. | | | Arunachal Pradesh | | | | Nepal | | | | Mizoram | | | | Tripura | | 2 | Which of these Tiger Reserve is not in Madhya Pradesh? | | | Kanha Tiger Reserve | | | | Ranthambore Tiger Reserve | | | | Pench Tiger Reserve | | | | Bandhavgarh Tiger Reserve | | 3 | The official name of Golden Temple is ………….. | | | Guru Nanak Darbar | | | | Shri Hazur Abchalnagar
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Tourism is a social‚ cultural and economic phenomenon which entails the movement of people to countries or places outside their usual environment for personal or business / professional purposes. History has taught us that people travel and engage in tourism activities in increasing numbers when several basic conditions can be met. Before people can experience tourism they usually need at least:- 1. disposable income‚ ie. money to spend on non-essentials 2. leisure time 3. tourism
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The type of economic impact that St. Jude has is huge (The Commercial Appeal‚ 2015). A recent study‚ conducted by the University of Memphis‚ showed that St. Jude’s operations created more than $2 billion in economic activity. This activity was powered by 14‚710 jobs and brought in more than 70‚000 visitors to the city of Memphis. St. Jude and ALSAC employ more than 4‚400 people‚ who contribute to the economy through their residence in Memphis (Park‚ 2013). In 2015‚ the hospital revealed a plan
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Tourism Tourism is the act of travel for the purpose of recreation and business‚ and the provision of services for this act. Tourists are persons who are "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business and other purposes not related to the exercise of an activity remunerated from within the place visited" (official UNWTO definition). A more comprehensive definition would be that tourism is a service industry. Many
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In earlier days meaning of tourism was basic but now a day’s scenario is totally changed now as discussed by poon (1993) interest of tourists has diverted from popular destinations to more specific and virgin locations to meet their individual needs. These tourists are more adventurous‚ more experienced‚ travel for fun‚ independent and with more cash in their accounts. Special interest tourism is new concept of tourism where there are additions in the type of tourism. Now days it is being created
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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