Role of Banks and Financial Institutions in Economy Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Shakespeare also referred to ‘Shylocks’ who made unreasonable demands in case the loans were not repaid in time along with interest. Indian history is also replete with the instances referring to indigenous money lenders‚ Sahukars and Zamindars involved in the business of money lending by
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Role of Government in Mixed Economies Such As Australia What role do governments have in modern mixed economies such as Australia? Using appropriate indicators (macro economic aggregates) outline the present state of the economy. In what ways is the Commonwealth government using fiscal and monetary policies to influence the Australian economy? What are the main features of the government’s micro economic policy? Why is the government concerned about microeconomic reform? Synopsis: The role of
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efficient‚ “friction-free” markets. The Emerging Role of Electronic Marketplaces on the Internet Markets play a central role in the economy‚ facilitating the Yannis Bakos exchange of information‚ goods‚ services‚ and payments. In the process‚ they create economic value for buyers‚ sellers‚ market intermediaries‚ and for society at large. Recent years have seen a dramatic increase in the role of information technology in markets‚ both in traditional markets‚ and in the emergence of electronic
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1 (A)Explain the main characteristics of a market economy‚ also called the "free market economy" and "free enterprise economy" is an economic system based on the distribution of economic goods where private individuals own the factors of production (land‚ capital‚ labor and enterprise) and decide what to produce. Prices of goods and services are determined in a free price system guided by the function of demand and supply. For example‚ the price of thick jackets will drop in summer because there
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Financial market performs many functions and fulfils many roles in Australia and other countries. These are the roles played by financial market: Mobilising funds by gathering and moving money from the surplus units who have surplus funds‚ to the deficit units who need to borrow money. Funds are channeled to businesses that need it to pay for operating expenses or purpose of consumption or investment. (Beal 2007‚ p. 61) Commercial activities and transactions are efficient because financial market
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DROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC Executive Summary The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil prices include a massive
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Fluctuating price of oil and how it affect the global economy Abstract: The oil prices have started rising significantly since the initiation of the twenty first century. Theoretically‚ one can judge the impact of an oil price shock. The immediate effect of the oil price shock is the increased cost of production due to increased fuel cost. This creates an inflationary effect (mainly cost push inflation which is accompanied by a situation of unemployment). Whenever there is an overall inflation
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The New Market Opportunity Central Problem: How can China pursue the industrialization of its economy without resorting into depleting the environmental resources? Areas for Consideration: 1. China saw the development of a new auto industry as a key step in its drive to industrialize its economy. 2. No matter how “pollution free” the new car design was‚ the cumulative environmental effects of that many more automobiles in the world would be formidable. Even clean cars would have to
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THE ROLES OF HUMAN RESOURCE MANAGEMENT MANAGER Human Resource Management (HRM) Managers plays the role of carrying out the functions of HRM department within an organization. The importance of HRM Manager’s role within an organization cannot be over emphasized. However‚ before enumerating and evaluating their roles‚ there is need to know what Human Resource Management is‚ and the objectives of human resource management within an organization. WHAT IS HUMAN RESOURCE MANAGEMENT? Human Resource
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The tea market is affected by price volatility and it is influenced by a number of factors both internal as well as external to the market. The tea industry in India employs approximately 10 million persons. The revenue obtained from the production and export of tea has a direct influence on the GDP of major tea producing countries. The two largest producing countries‚ India and China generate significant revenues that influence the amount of financial resources available to fund the government’s
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