The Fundamentals of Macroeconomics Before being able to grasp what economics has to offer it is important to understand the terms and concepts that are frequently used in economic. This paper will consist of two parts‚ part one will explain six terms; gross domestic product (GDP)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and finally interest rate. Part two will consist of describing how three economic activities‚ such as purchasing of groceries‚ massive layoff of employees‚ and
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"In 1897‚ Felix Hoffmann created a new industry. He found a way of adding a cluster of two extra carbon and five extra hydrogen atoms to a substance extracted from willow bark. The result is known to chemists as acetylsalicylic acid. To everyone else it is known as aspirin. It turned Bayer‚ the dye-maker Hoffmann worked for‚ into the world’s first modern drug company." Geoffrey Carr‚ The Alchemists‚ The Economist - Feb 19th 1998 Today’s Pharmaceutical Industry is characterized by several important
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Lungsod ng Maynila UNIVERSIDAD DE MANILA Mehan Gardens‚ Manila SYLLABUS Course Code: CSC 010 Course Title: Computer Fundamentals Prerequisite (if any): None Unit Course: 3 Units 1.0 Course Description: It delves with the history and nature of computers‚ its developments‚ applications and types. It also includes the basic components of the computer system‚ the number systems and conversions‚ the elements of the Electronic Data Processing (EDP) system‚ the different Disk Operating
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where The analysis of platinum industry based on Porter’s Five Forces model reflect the extent to which the bargaining power of suppliers is limited since there are number of contracting companies providing goods and services to the few platinum mines. However there’s high level of entry barriers in the market due to the large capital investment required to establish the platinum mine with limited access to platinum as the resources. There’s relative low threat of substitute in this industry. in
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GEORGIA PERFORMANCE STANDARDS Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs and trade offs for individuals‚ businesses and governments. Individuals have wants that are‚ for practical purposes‚ unlimited. But the total resources of society‚ including natural resources‚ human resources‚ capital goods and entrepreneurship‚ are limited‚ so that scarcity exists. As a result‚ it isn’t possible
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Fundamental of Macroeconomics ECO/372 January 14‚ 2013 In the business and corporate world various terminologies are used constantly which most people do not quite understand. These terms will be identified and explained in terms that the average person can comphrend. These terms are the Gross Domestic Product (GDP)‚ Real GDP‚ Nominal GDP‚ Unemployment rate‚ Inflation rate‚ and Interest Rate. The Gross Domestic Product is defined as the total market
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journal b. posting to the general ledger). The Summarizing phase involves Preparation of Trial Balance‚ Preparation of Working Paper‚ Preparation of post-closing Trial Balance and Preparation of financial statements. The Summary of Debit and Credit Analysis. The T- Account is used as a tool to analyze the effect of business transaction‚ maintains the equation Debit = Credit. The rules of Debit and Credit can be summarized as Debit (Increases in: Assets Expenses Losses; Decreases in Liabilities‚ Capital
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CH 1 Marketing -Process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return Marketing Process 1. Create Value for customers Create Value for customers Understand the market place + customer needs/wants/demands 2. Design a customer driven marketing strategy (goal=getting‚ keeping‚ growing target customers) 3. Construct a marketing program delivering superior value 4. Build profitable customer
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Industry analysis of computer sector Submitted to Mrs. Indrish KAUR Submitted by Priyanka Manchanda FMS/MBA/152ing Introduction to Industry Each business operates under a group of firms that produce competing products or services known as an “industry”. An industry is thus a group of firms producing similar products or services. By similar products we mean products that consumer perceive to be substitutes for one another. Eg. Firms that produce PC’s such as apple‚ HP‚ IBM‚ Wipro
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all data points listed in the column for the variable. The requirements include: Identify the data you selected. Explain why the data was selected. Explain what was learned by examining these sets of data. Your analysis should include using Microsoft Excel to obtain
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