1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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Which Macro-Economic Objectives is the most important and why? (14) There are many different objectives within Macro-Economics however the most important are between Inflation‚ Unemployment‚ Balance of Payments and Economics Growth. Personally I believe inflation is the most important. So why do I believe Inflation is the most important. Well‚ firstly Low inflation is a main macro economics goal for western countries. This is because of the many factors of inflation. One for example is that a higher
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big cities. This migration from rural areas to big cities is called urbanization. There are two kinds of factors why rural people seek for urban life. The first one is urban pull factor. They dream for higher wages‚ better housing and utilities‚ better school and hospital‚ more jobs opportunity‚ and more experience that they can get it all from a living in big cities as they think. The second one is urban push factor. We know that most of rural areas people are farmers. There’s not much else
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One Direction are an English-Irish pop boy band based in London‚ consisting of members Niall Horan‚ Zayn Malik‚ Liam Payne‚ Harry Styles‚ and Louis Tomlinson. They signed with Simon Cowell’s record label Syco Records after being formed and finishing third in the seventh series of British televised singing competition The X Factor in 2010. Propelled to international success by the power of social media‚ their two albums Up All Night and Take Me Home‚ released in 2011 and 2012 respectively‚ broke several
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Financial Crises and Economic Growth Robert A. Jarrowy August 22‚ 2011 Abstract This paper constructs a simple yet robust model of …nancial crises and economic growth where …nancial markets a¤ect real economic activity. Financial markets increase real output by facilitating investment through the borrowing/lending of capital. However‚ the borrowing of capital is risky due to randomness in the …rms’production. Financial crises occur when output and liquid capital are insu¢ cient to meet required
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The Future of the English Language Throughout history‚ the English language has evolved in many ways through different countries. Anglo Saxon spoken from Tribes in Britain became the common language‚ what we call Old English. Although modern English may sound different from Old English‚ there are several words that are recognizable and similar. However‚ there are also a great amount of changes that were made throughout the past and till this day. In today’s generations‚ media such as‚ Internet
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One Direction are an English-Irish pop boy band based in London‚ consisting of members Niall Horan‚ Zayn Malik‚ Liam Payne‚ Harry Styles‚ and Louis Tomlinson. They signed with Simon Cowell’s record label Syco Records after being formed and finishing third in the seventh series of British televised singing competition The X Factor in 2010. Propelled to international success by the power of social media‚ their two albums Up All Night and Take Me Home‚ released in 2011 and 2012 respectively‚ broke several
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Question 1: What is the difference between a leading performance indicator and a lagging performance indicator? Why is each type important? Leading indicators are activities that should be trended as they predict the outcomes (i.e.‚ lagging indicators). Quotas or goals should only be placed on lagging indicators and never on leading indicators. Placing a goal on a leading indicator will result in gaming and generate the wrong results. Advantages: Predictive in nature and allows the organization
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MACRO-ECONOMIC INDICATORS IN THE HEALTHCARE INDUSTRY Due to the fact our industry deals with medical supplies‚ the healthcare sector‚ as a whole‚ tends to be our main focus area. Health care is traditionally funded through contributions paid by individuals as a percentage of their salaried income. There are‚ however‚ some countries that also provide a free public medical service funded by a national budget. Regardless of the coverage it is the quality of the medical supplies and medical personnel
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Discuss the benefits of Economic growth. Economic growth can be defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead to higher real living standards and rising employment. Governments aim to achieve economic growth as it has many advantages; including higher employment levels. As Aggregate demand increases‚ more factors of production‚ most notably labour are needed to produce goods and services for the economy. When this occurs
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