traditional orthodox view‚ the Annually Balanced Budget sees the government control its budget on a yearly basis‚ which is considered an advantage. Balancing the budget on a yearly basis encounters many disadvantages including intensifying the business cycle and inflation. When the economy enters a period of rising unemployment‚ incomes will fall and tax receipts will diminish. For the government to balance its budget it must either increase tax rates or reduce government expenditure or provide
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GDP is expected to grow by 5.1% for both 2013 and 2014‚ driven by higher consumer and business spending. As the global recovery gathers speed in 2014‚ Malaysia’s external sector will increase its contribution to growth‚ offsetting the impact of tighter fiscal policies on the domestic economy. Malaysia’s recent economic performance and near term outlook owes much to the commodities sector‚ which includes crude oil‚ natural gas‚ rubber and palm oil. The sustainability of Malaysia’s favorable near-term
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Current trends in Automobile aftersales Business: (Identifying the main areas of aftersales business where major changes have occurred over the last 5 years) The business dynamics in the automobile aftersales industry has seen some major changes in the last-5 years. While struggling with problems of overcapacity‚ lower sales and margins‚ customer retention etc. the manufacturers have been forced to rethink about their approach to after sales business as they have understood that aftersales can be
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After the Civil war‚ large businesses ruled America. Prior to the industrial revolution‚ the government upheld a hands-off approach towards business. Under the laissez-faire principle‚ free‚ unregulated markets led to competition‚ yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size‚ which had a domineering affect on American economy and
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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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There was once a little boy of 6 years old called Lewis. One day‚ as he was looking out of the car window on his way to school‚ he discovered that a large mass of grey smoke was forming just above his dad’s car. Somewhat alarmed‚ Lewis looked at the other cars on the road to find out if they too had a cloud of grey smoke chasing them. To Lewis’ surprise‚ all the cars travelling on the motorway had the grey smoke hovering around them. There was once a little boy of 6 years old called Lewis. One
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in front of my school is a narrow one . very busy place . Every afternoon when school finished roads become more crowded and full of kids‚ bicycles ‚ cars and buses urgency and struggle to use it . Sometimes a policeman there to help solve the problem of traffic congestion ‚ because congestion chaos‚ we should be careful not to get involved in an accident . Several accidents have occurred . I was a witness to one. In the event only after school . As usual path utter bedlam . Children walking
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There are many scientific inventions in our world. Some of these inventions are even in the houses that we live in. There are inventions such as computer games‚ the microwave oven‚ and even the Moto vehicle. These inventions make our lives much easier but it destroys the world as well. Everything and everyone gets harmed some way by these inventions. Let’s start off with this. The computer is entertaining but yet dangerous to our eyes. Children of our world love being on the computer. But they
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Microeconomics versus Macroeconomics Economics for the Global Manager BUS610-1101C-02 Abstract I want to thank everyone for joining me today to review the effects of microeconomics and macroeconomics in conjunction with the healthcare industry. We will start with a brief introduction of what we will review‚ and then briefly hit on the subject matter in a bit more detail. “The world’s largest and most diverse economy currently faces the most severe economic challenges in a generation or
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indulged in manufacturing of cars captivated me. Learning about the different stages and processes involved in the designing and production of automobiles encouraged me to sketch my own models of cars and bikes. My visit to the factory was a memorable experience as it gave me a chance to see the factory’s heavy machinery and equipment’s used for manufacturing automobiles. It was from that day onwards that I was completely enamoured by designing‚ manufacturing and their functionality. As I grew older‚
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