INTRODUCTION 1.1 BACKGROUND In every economy‚ there exist vast variety of activities some which undergo official recording and some other activities take place outside the officials. The later is the underground economy that refers to the economic activities that generate income but are hidden from official authorities in order to evade various taxes and remain unrecorded in official statistics (Yasmin and Rauf‚ 2004). The most common causes of underground economy are heavy tax burdens where economic
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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J. et al. (2011) Strategic Global Sourcing Best Practices. New Jersey: John Wiley & Sons inc MacDonald‚ K Nelson‚ D. (2008) Doing Business in India. N/A DK Purfield‚C (ed.) Schiff‚J (ed.)(2006) India Goes Global: Its Expanding Role in the Global Economy N/A Stiglitz‚ j. et al. (2007) Fair Trade For All: How Trade Can Promote Development. Oxford: Oxford University Press Newpaper Articles (inc web) & Journals LeatherInternational. India: Exsports on the Rise (2013) Leather International‚ 1th Jul.
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“The Market Forces of Supply & Demand ” Faculty of Economics UDC INTERNATIONAL BUSINESS SUBJECT: ECONOMICS TEACHER: CLAUDIA MARCELA PRADO MEZA TEAM #5 : LARIZA CHONG AFRA LOPEZ CINTIA VAZQUEZ IVAN ALEXIS WORK: HOMEWORK IN TEAMS EXERCISES OF PAGES 90 - 92 QUESTIONS FOR REVIEW What is a competitive market? Briefly describe the types of markets other than perfectly competitive markets. What determines the quantity of a good that buyers demand
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CASE STUDY: Effect of 2004 Tsunami on Economy of India The earthquake of December 2004 is well known as the Sumatra-Andaman earthquake and is the fourth largest earthquake in the world since 1900. This was an under-sea earthquake‚ which happened at 7:58:53 am local time. The epicenter of this earthquake was in the west coast of Sumatra‚ Indonesia. As an effect of this earthquake‚ Tsunamis occurred throughout the Indian Ocean‚ killing loads of people and caused immeasurable damage to the coastal
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Supply and Demand XECO 212 April 10‚ 2011 Supply and Demand In economics supply and demand refers to the relationship between the accessibility of a good or service and the need or wish for it amid buyers (Microsoft‚ 2009). Our daily lives are affected by supply and demand. Demand is based on the price of a product‚ the price of related products‚ and customer’s salary and preference. Supply can rest not only on the price available for the product but also on the cost of similar products
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WHAT DO WE MEAN BY MONEY SUPPLY[ few definitions] * In economics‚ the money supply or money stock‚ is the total amount of money available in an economy at a specific time.[1] There are several ways to define "money‚" but standard measures usually include currency in circulation and demand deposits (depositors’ easily accessed assets on the books of financial institutions).[2][3] Money supply data are recorded and published‚ usually by the government or the central bank of the country. Public
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population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy. (http://www.google.com/url?q=http://en.wikipedia.org/wiki/Economic_development) Bangladesh is an economically developing country. We cannot develop our country because of some major economic barriers. Economic development of a country effected by many facts including political‚ economical‚ geographical‚ infrastructural‚ international economy system‚ scarcity of resources‚ Natural disaster‚ corruption
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UNEMPLOYMENT- A CHALLENGE TO NIGERIAN YOUTH: ANY REMEDY! PREAMBLE In this period of economic meltdown‚ job loss‚ foreclosure and fear of uncertainty; the challenges of Nigerian youth are hydra-headed. However‚ one of the most crucial challenges presently facing Nigerian youth is unemployment. The rate of unemployment is becoming increasingly alarming. According to Rebecca Enobong Roberts‚ in the recent statistics claim‚ over 3 million youth in Lagos State alone are unemployed‚ about two million
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CURRENT ECONOMIC SITUATION 2 Introduction The current macroeconomic situation in the United States of America according to the article Economy in the United States that it is the world’s largest national economy‚ but has been going through a shaky economy. In 2010 the nominal GDP was around $14.7 trillion dollars. It also is a very high output when looking purchasing capita. The U.S. is one of the largest trading nations in the world with its
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