Assignment on Micro-Economics Submitted To: Md. Ridwan Reza Lecturer Department of Business Administration Leading University‚Sylhet. Submitted By: Rahat Sarwat Md. Sal Sabil ID: 1001010143 Md. Saddam Hussain ID: 1001010101 Adnan Islam ID: 1001010144 Syed Shaker Ahmed ID: 1001010125 Md. Lahinur Rahman ID: 1001010129
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eNo. 2316 September 17‚ 2009 The Economic Role of Government: Focus on Stability‚ Not Spending Karen A. Campbell‚ Ph.D. Abstract: Is there a role for government in the economy? Yes‚ says Heritage analyst Karen Campbell—but the government must focus on maintaining economic stability. Fiscal responsibility is an important part of that stability. Government debt can quickly become a burden on the economy and weaken its foundations. Sound macroeconomic policies enhance the credibility of the government
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1) Give some examples of economic integration‚ today and in the past. Although there exists more than 500 free trade agreements in some shape or from worldwide‚ I contemplate two of the major ones when addressed with this question. Namely EU and NAFTA. EU also known as the European Union formerly known as the European Community has a long and rich history that I will not go into detail about here. I will however note that it was a result of two world wars there left the independent countries poor
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Which of the following is the best definition of economics? the study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided Opportunity cost is that which we forgo‚ or give up‚ when we make a choice or a decision. The reason that opportunity costs arise is that resources are scarce. If your tuition is $5‚000 this semester‚ your books cost $600‚ you can only work 20 rather than 40 hours per week during the 15
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important to study economics‚ simply because economics affects everyone. We are part of an economics system‚ where every day we engage in economic activities. Economics helps us to appreciate that the earth’s resources are limited in comparison to human beings want‚ which are infinite‚ and constantly changing along with technology and people’s taste and preference. This excess of wants over what can actually be produced with the limited resources‚ brings about the basic economic problem of scarcity
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Health economics - The Primer This series of articles will introduce readers to the emerging field of health economics. We will review how health economics influence decision making process in health care and the basic tools used in health economics. * 1. The Role of Health Economics * 2. Cost of Health Care * 3. Should Oncologists Care About Cost-Effectiveness Analyses? * 4. Classification of Health Economic Analyses * 5. Health Economics Research: Cost Utility Analysis
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Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
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Willy Loman is a salesman and Biff is a salesman’s son. A lot of what some salesmen do is pump up the things they are selling with a lot of hot air; today this is called hype. Well‚ for Willy‚ his first-born son‚ Biff‚ is everything in the world. Even back when Biff was a football star in high school‚ Willy wasn’t doing too well any longer as a salesman. This fact made him tired and depressed‚ but at least there was Biff. Biff was someone who Willy could believe in and admire when everything else
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Economic System The 3 Types of Economic Systems - Centrally planned economy - Mixed economy - Market economy Centrally planned economy System in which a nation’s resources are owned by the government. Came from the ideology that the welfare of the group is more important than individual well being‚ the idea came from Karl Marx. The decline of Centrally planned economies was in the 1980’s nations began to dismantle communist central planning in favor of market based economy. Mixed economy
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of 7‚ page 2 of 7‚ etc) | 16 | Word Count: (Main Content) | 3281 | Table of Contents ASSIGNMENT COVER PAGE 1 I‚ Introduction 4 II‚ Economic nationalism – the topical issue 5 II.1‚ Definition 5 II.2‚ Ambiguity in similar yet distinctive concepts 6 III‚ Is economic nationalism really protecting the national economies? 7 III.1‚ Economic drive 7 III.2‚ National security 8 III.3‚ The naked truth 9 IV‚ Nationalism – implication for multi-national corporations 10 IV.1‚ Challenges
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