migration to America and economics. At first‚ migration to America was very expensive and migrants were usually slave or indentured labourers. However‚ as travel became easier‚ many more people try to migrate. This continued throughout 19th century and early 20th century‚ but then war and global depression slowed down and even reversed migratory trends. After the Second World War‚ the number increased again. This is an obvious fact that migration is one of the most significant problems in our world nowadays
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Managerial Economics Meaning: - Managerial Economics deals with money/income. It helps in decision making regarding sales‚ production‚ and profit. It is a branch of economics that applies microeconomics analysis to decision methods of businesses or other management units. Artha – Money/Income Shasthra – Body of Knowledge Economics – Body of knowledge which deals with the management of money. DEFINITIONS OF MANAGERIAL ECONOMICS • According to
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Economics Definition: Economics is a social Science dealing with the Economic Problem. • Social: Science that deals with human beings. • Dealing: Means facing and not solving. • Economic Problem: The problem of Scarcity (The inability to satisfy all the needs & wants) Economics is giving us the rules of rationality; the ability of taking rational decisions. Economics studies the behavior of the government at the macro level. Micro Economics: It studies the individual choices regarding
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Perhaps‚ you will not find a society that does not have any problems. No matter what country you live in‚ wealthy or the developing one‚ you will find numerous social problems that require some solutions. The truth is‚ we face a lot of problems every day. Even if you do not have significant problems in your life‚ you live among thousands of other people‚ and their problems may have a certain impact on you. How many times have you heard about the consequences of alcoholism? Have you taken them
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ECONOMICS FOR MANAGERS UNIT I Introduction: Economics can be divided into two broad categories: microeconomics and macroeconomics. Macroeconomics is the study of the economic system as a whole. It includes techniques for analysing changes in total output‚ total employment‚ the consumer price index‚ the unemployment rate‚ and exports and imports. Macroeconomics addresses questions about the effect of changes in investment‚ government spending‚ and tax policy on exports‚ output‚ employment and prices
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Often the people or firms on one side of an economic transaction know more than those on the other side.This information asymmetry leads to adverse selection: among the informed parties‚ those who are most eager to make a deal are the least desirable to parties on the other side.Adverse selec- tion is a big idea in economic theory‚ because the problem arises in many types of markets. The Lemons Problem In 1970‚ George Akerlof of the University of California‚ Berkeley‚ published the classic paper
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Definition of ’Macroeconomics’ The term Macro has been taken from the Latin word Macros which means big. The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ inflation and price levels. Macroeconomics Concerns Production Prices Income Employment National Production/Output Total Industrial Output Gross Domestic Product Growth of Output
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The top 3 problems of the Philippines is‚ one‚ poverty. Poverty is common in our country. We are doom of poverty because there are many poor families and we have slow progress in our economy. Yes‚ we have government to help us and the poor people and families out there but there are so many of them because we have high levels of population growth and slow developing agriculture sector. These are one of the causes of the poverty. We are known as one of the poor countries in the world because of poverty
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Importance Of Economics Everyone is a part of economy and everyone uses the rules of economy too. From the time we are born‚ we become consumers of various products and services (say‚ medical services‚ baby foods‚ and so on). We grow and diversify to attain various different roles as producers‚ traders‚ mediators and agents. Today’s world is that of “economic imperialism”‚ where economical factors‚ most importantly‚ money dictates all the elements of the society‚ not to forget close family relations
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PF/2762 ECONOMIC DEVELOPMENT - A STRATEGY FOR NATIONAL SECURITY OF BANGLADESH INTRODUCTION 1. The post cold war era seemed to be indeed promising. The people found states with the aspirations of enhancing the individual and group security. Thus internal security is the prime responsibility of a nation state for the overall national security. “The former Soviet Union had to pay heavily for their ignorance of internal matters and giving priorities to ’Perestroica’ and other reforms”
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