responds to a change in consumer’s income. It is calculated as the percentage change in quantity demanded divided by percentage change in income. 2. List and explain some of the determinants of the price elasticity of demand Availability of close substitutes Higher elastic demand - easier for consumers to switch from one good to the similar others Necessities versus luxuries Inelastic demand – Necessity Elastic demand – luxury Depends on the perception of consumer whether good
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service of bars‚ accommodation‚ gaming‚ dining and venture hiring (Woolworths‚ 2012). Finally‚ there are 15 Masters Stores and 21 hardware stores in the home improvement department (Woolworths‚ 2012). Latest Events Two Non-Executive Directors Retires: Woolworths announced at 25 July that two Non-Executive Directors who are Roderick Deane and John Astbury will effectively retire since 31 August. Deane and Astbury once managed human resource strategy‚ financial management and governance (Woolworths‚ 2013a)
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Course: Macroeconomics Sec: 04 Instructor: Biplob Kumar Nandi Lecturer Department of Economics Assignment Submission Group Name: “Motivators” Group Members: |Name: |ID No: | |Himel Roy |2010-3-10-121 | |Md. Imrul Hasan
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to the rate of war and terrorist event‚ the growth rate of economy dramatic slowdown‚ capacity demand‚ which gains the low yield to the airline industry. Moreover‚ oil prices increase also affect their profits. The social sector‚ which are strongly from employment perspective and safety. The technology in airline industry is fast moving‚ however it’s very costly. Alliance gives the opportunity to the major airline to offer customer global route coverage. Ecological factor consists of recycling
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MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition‚ macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank‚ the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However‚ most economists concur that‚ synergy exists between micro-and macro-economics variables and
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Analysis of Macroeconomic Indicators Of China Analysis: Macroeconomic Indicators along with values is provided in the below table Macro Economic Indicators | Value | GDP Growth Rate | 9.1% | IIP Growth Rate | 14% | Agricultural Growth Rate | 4.3% | Fiscal Deficit | 800 billion yuan | Interest Rates | 6.56% | Exports | 180.2 billion USD | Imports | 148.5 billion USD | Current Account Deficit | 59.8 billion USD | Inflation | 7.65% | Foreign Exchange Reserves | 3.24 trillion USD | GDP Growth
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Understanding the Principles and Practices of Assessment 1. Explain the functions of assessment in learning and development. The functions of assessment in learning and development is to measure whether a person has managed to demonstrate learning. Assessment is a continuous process that provides learners with an opportunity to demonstrate competency‚ in regards to learning and development this can either be related to a work place environment or academically. Any conclusions drawn from the information
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Summary of the Russian Economic Policies March 21‚ 2011 Differences in Fiscal Policy of our Countries Several differences in Russia’s Fiscal Policy from the other countries are the multiple measures that are available to evaluate the performance of fiscal policy. Russia’s debt-stabilizing surplus funding through the Russian Central Bank is Russia’s most appropriate measure when evaluating its ability to sustain the public debt in the long-term. Russia currently has the third largest GDP
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Principles of Macroeconomics Written Assignment 3 1. The role of the financial system is to help match one persons savings with another person’s investment. 2 types of market : Stock market - represents ownership in a firm and is‚ therefore‚ a claim to the profits that the firm makes. Bond Market - a certificate of indebtedness that specifies the obligations of the borrower to the holder of the bond. 2 types of intermediaries : Banks - take deposits from people who want to save and
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Macroeconomics and Managerial Decision Making Julie Pasternak Indiana Wesleyan University A recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced‚ generally identified by a fall in GDP in two successive quarters (Farnham‚ 2014). The United States began to experience this crisis in 2007 and continued to feel its effects in early 2012 (Farnham‚ 2014). “Employment growth during the current recovery has
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