Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
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Managerial Economics Unit 8 Unit 8 Nature of markets and Pricing of Products I Structure 8.1 Introduction Objectives 8.2 Meaning of market and market structure 8.3 Kinds of markets 8.4 Perfect competition 8.5 Monopoly 8.6 Monopolistic competition 8.7 Oligopoly 8.8 Duopoly 8.9 Bilateral monopoly 8.10 Monopsony 8.11 Duopsony 8.12 Oligopsony 8.13 Industry analysis 8.14 Summary 8.15 Terminal Questions 8.16 Answer 8.1 Introduction Efficiency of management lies in its capacity to analyze the
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Managerial Economics Meaning: - Managerial Economics deals with money/income. It helps in decision making regarding sales‚ production‚ and profit. It is a branch of economics that applies microeconomics analysis to decision methods of businesses or other management units. Artha – Money/Income Shasthra – Body of Knowledge Economics – Body of knowledge which deals with the management of money. DEFINITIONS OF MANAGERIAL ECONOMICS • According to
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“ECONOMICS OF SPORTS” A STUDY OF SOME SELECTED GAMES (CRICKET‚ FOOTBALL‚ ATHLETICS) IN RASHTRASANT TUKADOJI MAHARAJ NAGPUR UNIVERSITY‚ NAGPUR SINCE 1995 Dr.Jyotsna Deshpande H.O.D.Economics
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Introduction The current state of the world economy is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there
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"The law is the law": An analysis of law and justice in Antigone and Trifles Néstor Díaz Dr. Rosa Vallejo INGL 3012 LI1 March 19‚ 2011 "The law is the law": an analysis of law and justice in Antigone and Trifles “Objection!” The lawyer acts quickly in an attempt to disallow a certain piece of evidence. He or she considers the evidence unjust and opposes its use. The lawyer’s opposition may bear fruit in the form of a rejection to said piece of evidence. Much like a lawyer opposes an
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Port Economics Port Economics is the study of the economic decisions (and their consequences) of the users and providers of port services. A port is an “engine” for economic development by providing employment‚ worker incomes‚ business earnings‚ and taxes for its region. The book provides a detailed discussion of types of carriers that use ports‚ the operation of cargo and passenger ports‚ as well as the operation of such specific ports as Hong Kong‚ Hamburg‚ Le Havre‚ Savannah‚ Miami‚ and Panama
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Economic growth is considered as one of the most essential parts of the economics‚ and it is defined an increase of goods and services of a country within certain period (Acemoglu‚ 2012). Modis (2013) claimed that‚ this economic growth conception particularly relates to the growth of potential output and production which is measured by gross domestic product per capita (GDP). Economic growth ideology has a long history‚ though it has been existed since the mid-18th‚ economic growth has dominated
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ASSIGNMENT ON ECONOMIC GROWTH DEFINATION: An increase in the capacity of an economy to produce goods and services‚ compared from one period of time to another. Causes of economic growth: Economic growth does not have a set recipe. it is evident that different countries grow at different rates and for different reasons. Every country economy is build differently. Possible causes of economic growth: * Improvement to the labor force: 1) Improvement to the
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Economic development is the sustained‚ concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social inclusion‚ health‚ safety‚ literacy‚ and other initiatives. Economic
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