must meet two basic concepts of economics these are Microeconomics and Macroeconomics and to get to know these concepts is necessary to know which is the economy and economics is the science that studies human behavior and trade ‚ sales tax‚ receipt of wages‚ credit‚ is the science of the usual business of the above are some definitions that can be found in the economy as such. In this research we can differentiate macroeconomics microeconomics its relationship to the economy to serve both‚ we can
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overall study reveals that It was found that the customer are mostly satisfied with price ‚ design‚ safety‚ mileage‚ interior space‚ status brand name‚ comfort level‚ spares part and after sale service. Keywords: Customer‚ Customer satisfaction‚ Automobile company‚ passenger vehicles‚ Tata motors. *Research scholar‚ Deptt of commerce‚ M.D.University Vol. 2 | No. 4 | April 2013 www.garph.co.uk IJARMSS | 68 International Journal of Advanced Research in Management and Social Sciences
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said Inflation is primarily a monetary effect. Monetary policies should be in place They said‚they need a stable growth of money supply. Volatility gets changed.. In the short run Do not have fluctuations in money supply. In long run‚the nominal variable. Fiscal policy doesn’t play a role. The most recent thought is the Rational expectation thoughts. Anything which is systematic wont work. Unsystematic changes work. Supply side economics – LAFFERS CURVE If you have very high tax rates‚it will
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Automobile Industry‚ India Automobile Industry Following India’s growing openness‚ the arrival of new and existing models‚ easy availability of finance at relatively low rate of interest and price discounts offered by the dealers and manufacturers all have stirred the demand for vehicles and a strong growth of the Indian automobile industry. The data obtained from ministry of commerce and industry‚ shows high growth obtained since 2001- 02 in automobile production continuing in the first
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CHAPTER 3 National Income: Where It Comes From and Where It Goes Questions for Review 1. The factors of production and the production technology determine the amount of output an economy can produce. The factors of production are the inputs used to produce goods and services: the most important factors are capital and labor. The production technology determines how much output can be produced from any given amounts of these inputs. An increase in one of the factors of production or
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The Evolution of the Automobile The official definition of an automobile is “a passenger vehicle designed for operation on ordinary roads and typically having four wheels and a gasoline or diesel internal-combustion engine” (Merriam-Webster 51). There is no one person accredited for the invention of the automobile‚ but rather a collection of advancements that evolved into the modern-day automobile (Smith 12). Today‚ there are approximately 600 million passenger vehicles in existence worldwide
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Lesson 4 1. If an economy produces final output worth $5 trillion‚ then the amount of gross income generated by that production: is $5 trillion 2. Which of the following would not be ian expenditure on a final good or service? a medical clinic’s purchase of flu vaccine 3. Which of the following would be included in GDP? payment of the monthly telephone bill by Mr. Laconic 4. Consumption in the expenditures approach to calculating GDP includes: purchases of medical services at the local clinic
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Fundamentals of Macroeconomics Paper ECO/372 Fundamentals of Macroeconomics Paper Part 1 * Gross Domestic Product (GDP)- is the market value of all goods and services within a country in a period of time (Hindsight). * Real GDP- account for changes in the price level‚ an adjusted measure compared to Nominal GDP. * Nominal GDP- When a GDP figures that has not been adjusted for inflation. * Unemployment Rate- The rate is measure of unemployment citizens by dividing the number
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MEHTA AUTOMOBILES In 1980‚ Mr.Sanat Mehta joined Standard Automobiles of Ahmedabad as a mechanic. In appreciation of his excellent work‚ he was soon promoted to the post of chief mechanic. Mr. Mehta’s professional ability‚ his pleasing manners and sense of responsibility endeared him to the customers of Standard Automobiles to such an extent that some of them persuaded him to commence his own automobile repair workshop. One of them persuaded him to commence his own automobile repair workshop
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Introduction: With the interest rates having been cut four times since December 2009‚ by 350 basis points‚ the South African Reserve Bank (SARB) declared that the domestic economy is slowing. Two consecutive quarters of negative growth is evidence that an economy is in recession. The contraction in growth is believed to have been caused by a slump in export demand‚ forcing both manufacturers and miners to cut production. The SARB’s monetary policy committee is in meeting to discuss further rate
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