and consumption of goods and services. A focus of the subject is how economic agents behave or interact and how economies work. A given economy is the result of a process that involves its technological evolution‚ history and social organization‚ as well as its geography‚ natural resource endowment‚ and ecology‚ as main factors. These factors give context‚ content‚ and set the conditions and parameters in which an economy functions. The world economic events and how they affect the domestic economy .The economic activity
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Microeconomics vs. Macroeconomics I. Introduction Economics is the study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources. This field of study is vast that it has been the subject of a great deal of writings. Economics is divided into Microeconomics and Macroeconomics. Macroeconomics deals with the overall economy‚ the aggregate demand and aggregate supply for all goods and services. The main concerns of Macroeconomics are the
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Macro-Environment Analysis for AirAsia The factors of Macro-enviroment suggest that there is a huge scope of growth for AirAsia in Asia. The huge population with rise in middle class and a lot of disposable income together with the absence of affordable forms of transportation post a high demand for AirAsia as a low cost airline. It is also anticipated that due to the rapid urbanization trends the air travel market will continue to grow at a fast pace. The geographical structure of Asia which is
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estimated at 35.6 million. With an annual population growth rate of about 2.7 percent‚ Ethiopia is the third most populous country in Africa‚ after Nigeria and Egypt. 1.3 Present GDP According to 2003 estimations‚ total GDP at Current Market Price was 54‚585.9 Million Birr‚ while in terms purchasing power parity it was $ 46.81 billion‚ with real growth rate of -3.8%. Although GDP per capita is roughly about $100‚ the GDP Per Capita‚ PPP is $ 700. Agriculture contributes 46% of GDP‚ while
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The micro-macro dilemma relates to a variety of circumstances and situations and is essential for numerous decisions daily that people make. This is particularly true for many of the business decisions that organizations make in concerns to marketing. From the perspective of marketing‚ high-powered engine in cars is a pleasurable and worthwhile option or many consumers‚ especially consumers who enjoy driving high-powered vehicles or participate in recreational activities that require the high-powered
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advice marketing manager of Dynamic International Ltd. I will explain what are micro and macro environment factors and how do they affect his marketing decisions as well as consumer buying behaviour. I will propose him segmentation criteria‚ targeting and positioning for his products. Micro environment Micro environment consists of the different types of stakeholders outside the organisation. The constituents or stakeholders of the micro environment include customers‚ suppliers‚ creditors‚ distributors
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Obviously‚ both of these two choices have their own reasons that our society could get benefits from each of them. In the past several decades‚ remarkable achievements have been made in the arts‚ while our natural environments are increasingly getting worse and even more difficult to handle. Under these current circumstances‚ I believe that it is not so hard to make decision about this question. The company should choose to protect the environment. The first and the most important thing is that
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Compare and contrast macro political risk with micro political risk. Discuss policies to combat their impacts on international business activities. Strategic planning is essential prior to any individual or company deciding to engage in international business whether as direct/indirect investment or through trade. An evaluation of risks should be considered and strategies developed accordingly prior to any potential investment in a foreign country. One such risk which requires consideration is
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MY COMPANY PART 2 BUS322 Organizational Behavior August 25‚ 2012 Abstract As an owner of a business there must be an understanding that employees go through many different feelings due to the stressors the company many bring‚ To run a great company there must be work teams for the company that will address issues of group behavior development and decision making. There are at least two best practices based on an analysis of traditional‚ contemporary‚ and emerging
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it is unique from what we see in our general markets‚ and that proves Apple Inc success by grow in sales and earn a lot of money. According to Apple.com‚” We expect our suppliers to maintain the highest standards of ethical conduct. Our Supplier Code of Conduct clearly states a range of practices we consider essential to running an ethical business.” Apple has stated their ethics training programs for managers and they beginning to teach them how to record the information‚ save the documents
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