million inhabitants demand consumer products of higher quality. Table 2: Vietnam’s GDP per capital (US$) [pic] Source: General Statistics Office of Vietnam However‚ the average income in Vietnam is still fairly low in comparison with the company price (about………….. cai nay lay so lieu ben product nhe‚ to k tim duoc). According to “Background note of Vietnam” recorded by U.S Department of State in http://www.state.gov‚ Vietnam’s per capita income in 2010 was just $1‚168 one person per year. Whereas
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Slavery and the Economy Over the course of history‚ historians have viewed slavery as an immoral and unjustifiable institution. At the beginning of the antebellum period‚ around 700‚000 slaves were unjustly imported and sold into slavery. New land discovered in America was seen as profitless and pointless without an inexpensive source of labor. By the end of this historical time period‚ that number increased to over 4‚000‚000 slaves brought into the United States. The institution of slavery helped
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What type of Economy does China have? Explain some of the benefits of this system to the country and some of the drawbacks. 1. Since the People’s Republic of China was formed in 1949 until 1978‚ China had a planned socialist economy like the former Soviet Union. The government owned all factories and farms. Planning committees controlled all production. Market forces were often ignored when they conflicted with plans of the state. In 1978 China introduced farm reforms. Farmers could grow
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The UK economy After faltering for several years‚ the UK economy shows signs of real recovery‚ with rising spending‚ investment‚ exports and even manufacturing growth. At the start of 2014‚ there seems to be a virtuous circle of falling unemployment‚ falling inflation‚ and rising GDP. After one of the longest and deepest recessions on record‚ these signs of economic growth are definitely welcome‚ yet it is far from a return to normality. Real GDP is still 2% below its 2008 peak‚ and the economy
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Mixed economy -Both the state and private sector direct the economy -All of the economies are mixed economy since no economy is running pure planned economy or market economy -Market price decided by both market and states (i) Allocation Function: Government has to provide for public goods. Public goods such as national defense‚ government administration and so on are different from private goods. These goods cannot be provided through market mechanism but are essential for consumers and
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the Desk of the Author 22 Indian Economy : A Few Facts : At a Glance 29 Important Facts Related to Indian Economy National Income of India 90 Concepts of National Income 91 Methods of Measuring National Income 91 CSO Releases National Income-Related Estimates for 2009-10 and 2010-11 92 PMEAC’s Review of the Economy 2010-11 93 Estimates of National Income in India Some Aspects of Indian Economy 72 Underdeveloped Country 72 Salient Features of Indian Economy 73 Important Infrastructural Components
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ECONOMY Since the end of World War II‚ the Philippine economy has been on an unfortunate trajectory‚ going from one of the richest countries in Asia (following Japan) to one of the poorest. Growth immediately after the war was rapid‚ but slowed over time. Years of economic mismanagement and political volatility during the Marcos regime contributed to economic stagnation and resulted in macroeconomic instability. A severe recession from 1984 through 1985 saw the economy shrink by more than 10%‚ and
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ECONOMY OF UKRAINE 1. Economic History Note 2. Economic Overview 3. Industry 4. Agriculture 5. Services 1. Economic History Note Ukraine’s economy has historically been determined by such factors as its advantageous geographic location at the crossroads between Europe and Asia‚ an abundance of the most fertile topsoil called chornozem‚ a rich base of natural resources and a productive labor force. Metals and minerals like coal‚ iron ore‚ gas‚ stone‚ sand and salt
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Rising Gasoline Prices Over the past four years‚ Americans have been battling with high gas prices. The price of gas affects everyone’s lives. High gasoline prices hurt many people’s budgets. The prices at the gas pumps are not our only concerns. If gas prices go up then the cost of consumer products will go up. Many people need gas to drive to work. Gas prices continue to increase‚ making people in the United States feel the affects. Gas should be made affordable so it does not negatively interrupt
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Retail:-The selling of goods and services directly to consumers in small quantities. Retailing:-The activities involved in selling goods directly to consumers. ORGANISED RETAILERS:- Like department stores‚speciality stores ‚shopping complexes ‚ malls ‚ large scale multiple chains etc. Organized retailing‚ in India‚ refers to trading activities undertaken by licensed retailers‚ that is‚ those who are registered for sales tax‚ income tax‚ etc. These include the publicly traded supermarkets‚ corporate-backed hypermarkets and
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