activities‚ social and economic factors and technological developments. Social or Societary environment of business means all factors which affects business socially . Every business works in a society ‚ so societies ’ different factors like family ‚ educational institutions and religion affects business . Economic dimensions of environment Economic environment refers to the aggregate of the nature of economic system of the country‚ the structural anatomy of the economy to economic policies of the
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Term- I Course Title : Managerial Economics Course Credits : 3 Course Faculty : Prof. Animesh Singh Learning Objectives At the end of this course‚ the student should be able to: • develop a basic understanding of economics as an important tool for taking effective managerial decisions; • develop the concept of managerial economics and its applications; and • to apprise how managers need to understand fundamental
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This investigation‚ analyzing the New Deal and the major legislation that encompassed it and what effect it had on the economy of the Great Depression‚ will answer the question: To what extent was the New Deal successful in relieving the economic hardships caused by the Great Depression? 1. Identification and evaluation of sources The primary sources which will be evaluated are two books‚ a book and major source for some U.S. history classrooms and a recently published history book analyzing the
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Economics is concerned with the way limited resources are distributed/allocated among alternative uses to satisfy unlimited human wants. It helps to understand the nature and organization of society and the operation and behaviour of business firms and other economic decision-making units. Microeconomics deals with the economic behaviour of individual units (consumers‚ firms‚ resource holders): how scarce resources are allocated among alternative uses; the role of prices and markets. Macroeconomics
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in this aspect of America. The main view of John Maynard Keynes was shown through his book‚ The General Theory of Employment‚ Interest and Money where he challenged Neo-Classical economic paradigm. He believed that laissez-faire was not appropriate for capitalism and that government spending was an essential economic policy for the depressed capitalist economy in order to recover its vitality. He thought that there was no self-correcting property in the market system to keep capitalism growing.
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President’s Dilemma Speech Our nation is currently in the middle of grim economic circumstances of stagflation. Inflation is high‚ and getting higher. Unemployment is high‚ and getting higher. While all of this happens‚ GDP continues to drop. If nothing is done about this‚ our nation is sure to suffer worse consequences than we have already been forced to endure. Our economy will be flushed down the toilet. This new economic policy is the answer to our prayers. With the perfect blend of fiscal and
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CSEC Economics SBA Title of Project A comparative study of the demand for KFC and Japs at a particular high school between the period September 5 and 26‚ 201 1 Comments The Title The title of the project was clearly stated. It was a micro-economic topic and was appropriate for this level. The full two marks were awarded. Purpose of the Project. Three objectives were adequate although seven were listed. The full three marks were awarded. Collection of Data Five sources of data collection
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Philosophy of Economics The philosophy of economics concerns itself with conceptual‚ methodological‚ and ethical issues that arise within the scientific discipline of economics.1 The primary focus is on issues of methodology and epistemologythe methods‚ concepts‚ and theories through which economists attempt to arrive at knowledge about economic processes. Philosophy of economics is also concerned with the ways in which ethical values are involved in economic reasoningthe values of human welfare
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Consider the reasons why firms may want to diversify and provide a critical assessment of the economic validity of their reasons for diversifying. Abstract Despite the different degree of competitions and the level of development in the market across the various types of industries‚ most firms are continuously and consistently looking for ways and opportunities to enhance their ability to grow or even to just maintain sustainability and survival in the industry. Firms carry out diversification
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103-Managerial Economics OBJECTIVES: The course in Managerial Economics attempts to build a strong theoretical foundation for Management students. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available
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