broaden access to credit‚ as private markets fail to expand access .Government planning system was one of the approaches that took place in the world economies in the 60’s where its principles are undertaken from the Keynesian economics. Where it lead to the success of the economies of many countries however it also pushed back thrones. Planned economies exist in very few countries such as Cuba‚ Libya‚ North Korea‚ Saudi Arabia‚ Belarus‚ and Myanmar. In the contrary‚ the economists who support laissez-faire
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projected size of the national market‚ the nature of the economy‚ and as well as its culture. First of all‚ economic system is one of the factors that determine South Korea is favorable to FDI. Economic system is an organized system in which a nation allocates its resources and apportions goods and services in the national society. Generally‚ there are three main economic systems‚ including market economy‚ mixed economy‚ and command economy. Since South Korea is a developed democratic country‚ it
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Contents Task1 2 1.1/ Identify the purposes of different types of organization similar with and/or subsidiaries of Mascot. 2 1.2/ Describe the extent to which Mascot meets the objectives of different stakeholders: 3 1.3/ Explain the responsibilities of Mascot and strategies employed to meet them 6 Task 2: 10 2.1/ Explain how economic systems in your attempt to allocate resources effectively for Mascot 10 2.2/ Asset the impact of fiscal and monetary policy on Mascot and activities:
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effective use of resources available within the country. 15 5. The impact of social welfare and industrial policy initiatives on Vietcombank and the wider community 15 6. The impact of macro-economic policy measures and influence of the global economy on Vietcombank and stakeholders in Viet Nam. 25 III. CONCLUSION 31 IV. REFERENCE 32 EXECUTIVE SUMMARY Vietcombank has established on 1 April 11‚ 1963 as a state-owned commercial bank with 3.955 billion VND of capital‚ Vietcombank is a
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Do you think the Government should intervene in the labour market in a free market economy? Explain why or why not. A. Yes‚ there should be government intervention in a free market economy to some extent. Markets cannot exist without a government to protect property rights‚ enforce contracts and settle disputes all of which is intervention. This would benefit the economy in variety of ways. Firstly‚ government regulations allow businesses to remain in the private hands while removing some of
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Task 1A. Identify the mission‚ values and key objectives of an organization of your choice and assess the influence of stakeholders The Body Shop is a public limited company they mainly specialize in beauty products‚ however they are very much different compared to regular make up brands such as DIOR‚ SHU UMERA and so on‚ they are different in a way that they use natural products and they are against animal cruelty. They use plants resources wisely. The body shop is different because of their values
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the other hand there are some risks involved because you are liable for the business‚ responsible for the business so you are the one to blame if things go wrong. The purpose of a sole trader is to provide goods or services and get paid for it. Examples of sole trader businesses are small independent retailers‚ beauticians and internet entrepreneurs. Private limited company
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Economic problems. The economic problem‚ sometimes called the basic‚ central or fundamental economic problem‚ is one of the fundamental economic theories in the operation of any economy. It asserts that there is scarcity‚ or that the finite resources available are insufficient to satisfy all human wants and needs. The problem then becomes how to determine what is to be produced and how the factors of production (such as capital and labor) are to be allocated. Economics revolves around methods and
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production‚ distribution/consumption of goods and services of an economy (Grolier). Without any of the above an economy would not become as industrialized and successful as either the United States or have the worldwide trade system Saudi Arabia maintains today. The basic economy is composed of its national factors‚ whether or not it’s a free market economy‚ command economy or traditional economy. A free market economy is an economy in which there is no economic intervention and regulation by the
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------------------------------------------------- EXECUTIVE Vietnam is one of the fastest economic growths in Asia. The recent integration allows multinational corporations to develop significantly. Baoviet is the largest manufacturer which plays an important role in Vietnam’s economy. The purpose of this report is to provide readers with clearly identification of the mission‚ objectives and responsibilities of Baoviet Group. Besides‚ it also mentions and investigates the economic status in Vietnam that influences Baoviet’s operation
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