and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
Free Economics Macroeconomics
DEPENDENCY THEORY: - Economic development theorists over the last few centuries have developed models for explaining the “undeveloped-ness” of countries in the third world countries. From Durkheim to the International Monetary Fund (IMF)‚ we have‚ time after time‚ come to witness the rise and fall of development theories and their explanations for the predicament that many poor countries face. Dependency theory has (more so than others) lasted a great deal of time in the framework of the international
Premium Dependency theory Economics Communism
Economics Assignment Effect of Commonwealth Games on Indian Economy The Commonwealth Games (CWG) is an international multi-sport event which involves athletes from the Commonwealth of Nations. The Commonwealth of Nations which is referred to as Commonwealth was formerly known as the British Commonwealth which is an inter-governmental organization consisting of fifty-four independent member states out of which two -Mozambique and Rwanda were before a part of the British Empire. The objective of CWG
Premium 2010 Commonwealth Games India Netball
BUSINESS Social business is a non-loss and non-dividend company dedicated entirely to achieve a social goal. Muhammad Yunus‚ a Bangladeshi banker. Economist‚ founder of Grameen bank and Nobel Peace Prize recipient explains in his book what social business is and how it can help the development of our communities. Yunus‚ previously was a professor of economics where he developed the idea and concepts of micro-credit and micro-finance. In the early seventies‚ Bangladesh was in a terrible state; the aftermath
Premium Muhammad Yunus Poverty Bangladesh
MAPÚA-NSTP ON-LINE LEARNING EXERCISE SUMMARY REPORT Prepared by : Calma‚ Armie M. Section: AY02 Date: 5/21/2013 Activity Title: Chapter 12 HOMEWORK NO. 4 GROUP NO. 3 Reminder: Use arial font; size - 12; single –spaced. (Your answers should be in narrative format and do researches to provide more suitable responses.) Answers: 1. In your own understanding‚ What is Community Organizing? Community organizing is a process where people come together to strengthen
Premium Community building Typeface Management
Assalamualaikum Wr. Wb Honorable : All of the juries of Speech contest Honorable : All of the teachers Unforgettable : All of the participants of Speech Contest Ladies & Gentlemen Happy brothers & sisters Firstly‚ let’s pray and thanks unto our God Allah SWT‚ who has been giving us mercies and blessings‚ so we can attend and gather in this nice place with good condition and happy situation. Secondly‚ may sholawat and salam always be given to our prophet Muhammad SAW the
Free Muhammad Islam Allah
each of these sectors are commonly termed consumption expenditures‚ investment expenditures‚ government purchases‚ and net exports. Aggregate expenditures (AE) are a cornerstone in the study of macroeconomics‚ playing critical roles in Keynesian economics‚ aggregate market analysis‚ and to a lesser degree‚ monetarism. In particular‚ aggregate expenditures are combined with the price level as aggregate demand. Aggregate expenditures are the total expenditures on gross domestic product. These expenditures
Premium Macroeconomics Economics Keynesian economics
Semester I Revised June 2012 Revised Business Economics I Syllabus for F.Y.B.Com from June 2012 onwards University of Mumbai Semester I Module I: Demand analysis Demand function and determinants of demand – Concept and importance of Elasticity of demand‚ Income‚ cross‚ promotional. Case studiesConsumer surplus‚ Demand forecasting: meaning significance and methods-case studies Module II Theory of production and cost Production function-short run and long run- Law of variable proportions- Isoquantproducers’
Premium Supply and demand
Mainstream Economics Our Alternative Stance What Many Mainstream Economists Believe Economics from an Alternative Perspective As a discipline‚ economics is defined in terms of a set of specific core assumptions and analytical techniques. As the general "science of choice" economics is applied to any living organism‚ and it is not restricted to human‚ market‚ monetary or business phenomena. Economics is defined in terms of the scientific study of a real object – the economy. The economy is that
Premium Economics Economy Social sciences
There are three particular foundations sustaining any process that concerns nation building: government representing political leadership; civil society or the citizens of the country; and business or the economic sector. These three concepts must work together and as much as possible‚ work together harmoniously to drive the said nation-building process forward because they serve as the hands and feet of the nation. Business is the cornerstone of prosperity in society: companies create the resources
Premium Sociology Corporate social responsibility Social responsibility