area‚ cotton dramatically increased and it speedily became the most important and valuable product of the United States in 1815‚ with an increase in its exports during the two first decades of the nineteenth century. It accounted from 7% volume export to being the most valuable export (E‚ Horton & Oliver Horton‚ 2005). By 1860‚ cotton had become so important for the economy of the United States that by this year‚ exports of this commodity were estimated for 191.81 of the 250.53 million dollars of
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ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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Technology‚ Yola‚ Nigeria Received: October 12‚ 2011 doi:10.5539/gjhs.v4n1p245 Abstract The paper investigates the determinants and the impact of HIV/AIDS on households in Adamawa State. 120 respondents affected with HIV/AIDS were selected for interview using simple random sampling techniques. Both primary and secondary data were used in its analysis to determine the impact of the disease on household’s income. The data collected were analyzed using descriptive analytical techniques and a logistic regression
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A Critical Review of Strategy as Revolution Introduction Strategy has recently become the most important item on the management agenda because companies nowadays face increasingly more competition‚ turbulent economic environment and fast pace technological change (Chaharbaghi‚ and Willis ‚1998). In the article “Strategy as Revolution” by Gary Hamel (1996)‚ he defined what strategic innovation is and gives 10 principles that company in
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Professor Dr. Felix Ayadi Determinants of Stock Market Development in Emerging Economies: Is Thailand Different? Presented by Anusara Inpansuan Chiranan Thongbainoy Nonglak Nusanram Yossawat Lerdthannavaranont Master of Business Administration Abstract This paper is an adaptation from a study conducted by Charles Amo Yartey from the International Monetary Fund. The paper examines the macroeconomics and institutional determinants of stock market development using data from 42 countries during
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immigrants obtraining jobs are simply seeking a better life for themselves‚ they are also undocumented‚ meaning they do not pay taxes to the state. In turn‚ these illegal immigrants are costing the state more money than they are putting into the economy system. Illegal immigrants are affecting California’s education system greatly. The children of illegal immigrants are attending California public schools‚ while their parents are not paying taxes for that free service provided. To simply send
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During the Industrial Revolution the standard of living significantly improved. First way the standard of living was impacted was the houses being built much better than before. With new inventions homes were made better than ever before. “Every day is adding something to your comforts. Our houses are built better…” (Document 4). This is explains the houses being built better so people were more comfortable. Better homes led to the standard of living increasing so people were not living in dilapidated
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1. The triple disaster of March 2011 and its impact on Japanese politics and economy The triple disaster: earthquake‚ tsunami and Fukushima nuclear accident. The earthquake and tsunami caused extensive and severe structural damage in north-eastern Japan‚ including heavy damage to roads and railways as well as fires in many areas‚ and a dam collapse. Naoto Kan said‚ "In the 65 years after the end of World War II‚ this is the toughest and the most difficult crisis for Japan." Around 4.4 million
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generation has had their technology revolution. Technology has had overpowering effects on the different lifestyles that people live‚ throughout human history. Mostly‚ people emphasize that the train was a major factor in the market revolution; although‚ the trains played a huge part in spreading the market from the Islands to the Pacific coast; there can be an equally strong argument‚ that other historical factors played a huge role in making the train and market revolution successful. The most important
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Who is moving toward a free market economy? By Gerald Headd II Prof. Sujian Guo Political Economy of Asian Transition Abstract Anyone can foolishly take a quick look at many Asian economies in transition and come to an even quicker assertion that they have taken on a capitalist market mindset. However‚ one can only determine whether a country’s economy is that of a capitalist market or socialist market by analyzing it based on public/private ownership and market/state control.[1] When basing
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