of economic behavior of individual making units such as producer‚ consumer‚ household‚ and firms. Macro economics The study of economic system as a whole or on the basis of aggregate such as consumer price index‚ inflation rate‚ national income and unemployment level. 1.2 DEFINITION OF ECONOMICS Conventional perspective Definition A study of how societies make use of scarce resources to fulfill their unlimited wants. Scarce resources refer to the limited
Premium Economics
1. EXECUTIVE SUMMARY Current macroeconomic indicators | | | | |12.2009 12.2010 | | |GDP growth (percentage) -1.3 6.1 | |
Premium Inflation Economic growth Foreign exchange market
INDIAN ECONOMY 01. Indian economy is world’s 9th largest economy on exchange rate basis and 4th largest economy on PPP basis in 2010 02. PPP is called as the purchasing power party 03. Purchasing power party is a theory and according to the theory – the exchange rates between currencies are balanced when their purchasing power is the same in each of the two countries 04. The main characteristics of Indian economy are – agrarian economy‚ mixed economy and developing economy 05. Agrarian economy
Free Insurance
Motivation Sport is commonly seen as a part of society. Although one finds the role of sport in society more important than others‚ the fact is that sports is an essential component of our society. Since sport is a part of our society‚ it automatically has an influence on its functioning. This means that if groundbreaking things happen in sports‚ there will directly be noticeable consequences in everyday life. If we talk about effects in the long run‚ the so-called Heysel tragedy is a good example
Premium Olympic Games Sport
GLOBAL ECONOMIES Global Economies: The New Paradigm of Trans-Global Industry and Commerce Submitted in Partial Fulfillment of the Degree of PhD in International Business and Program Management 1 Kelly Eugene Higgins I.D.: UD17818BIN25641 Atlantic International University‚ Honolulu‚ HI 8 June 2013 GLOBAL ECONOMIES Part 1 Reflection Despite the attempted global empires that have existed and flourished to greater or lesser extents throughout the history of human civilization‚ the
Premium Economy Third World Investment
and deficit has a close connection with economic growth. The higher government debts de deficit is‚ the slower the economy growth‚ it is means government debts and deficit prevent the economy development. In order to decrease the government debt and deficit‚ the government take some fiscal behavior‚ for instance‚ government decrease the interest rate‚ in order to stimulus the economy. Due to the interest rate decrease‚ the companies more willing to
Premium Subprime mortgage crisis Financial crisis Money
several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
Premium Economics Economic system Capitalism
Importance of National Income Statistics There are several important uses of national income statistics and‚ therefore‚ there is great need for their regular preparation. National income estimates provide not only a single figure showing the national income‚ but also supply the detailed figures in regard to the various components of the national income. It is both the figure of national income and the details regarding its various constituents that throw light on the functioning and performance
Premium Economics Income Investment
whether to follow a command or market economy has significant influences on the countries potential and its people. A market economy is one that gives the people the freedom to shape the economy. Countries that have a market economy include the USA‚ Canada‚ and UAE. Command economy on the other hand‚ does the opposite where the government has full control on the economy. The USSR and North Korea both have a Command economy. Both of these types of economies have social goals and strive to benefit
Premium Economics Supply and demand Market economy
Welcome to the wide world of sports. With an array of sports gracing the face of the Earth we know it as a form of physical activity consisting of a partnership of play‚ and dramatic spectacles. Although definitions of sports vary‚ many scholars agree that sports are institutionalized competitive activities that involve rigorous physical exertion or the use of relatively complex physical skills by participants motivated by internal and external rewards. Wide ranges of sports were already established
Premium Capitalism