1. What is the gross domestic product? A gross domestic product is “the total market value of final goods and services produced within an economy in a given year”. 2. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Yes‚ an increase in GDP improves welfare of citizens because if U.S exports are increased it will increase U.S GDP and reduces unemployment in the short run. This would be an improvement for welfare citizens. 3. What is unemployment
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change in disposable income MPSyd = delta S / delta Yd Average Propensity to save APSyd Total desired saving divided by the total disposable income APSyd = S / Yd Yd is either consumed or saved: APC + APS = 1 MPC + MPS = 1 All other changes affecting C Shifts the consumption function If wealth increases‚ spend more at every income level‚ shift consumption function Ex. If wealth
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………………………………………………………………………………………. 10 Appendix ………………………………………………………………………………………... 12 Bibliography …………………………………………………………………………………… 14 SUMMARY This report explores how macro-environment forces can influence the strategic management of XX Organisation Holdings‚ a leading Singapore multiplex cinema operator. Three key forces and their potential impact on XX’s operations over the next decade will be discussed and from future trends in technological‚ social and economic developments‚ the key drivers
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Environmental Scan of Home Depot Crystal Graham MGT498 March 18‚ 2013 Rob Inglis Environmental Scan of Home Depot Strategic planning is necessary for every successful company and needs to be managed accordingly. Environmental scanning is the first phase in strategic planning management. Environmental changes‚ whether external or internal can pose major problems for a company. A scan of environmental factors provides a better understanding of current trends and what causes things to change
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Federal Reserve decides to put more money into circulation at a rate higher than the economy’s growth rate‚ the value of money can fall because of the changing public perception of the value of the underlying currency. As a result‚ this devaluation will force prices to rise due to the fact that each unit of currency is now worth less. • One way of looking at the money supply effect on inflation is the same way collectors value items. The rarer a specific item is‚ the more valuable it must be. The same
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“Economics has never been a science - and it is even less now than a few years ago.”…Paul Samuelson INTRODUCTION Economics is the social science that analyzes the production‚ distribution‚ and consumption of goods and services. A focus of the subject is how economic agents behave or interact and how economies work. A given economy is the result of a process that involves its technological evolution‚ history and social organization‚ as well as its geography‚ natural resource endowment‚ and ecology
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Environmental Scan Nanette Guffey MGT/ 498 – Strategic Management Richard Haines September 17th‚ 2012 Environmental scanning is an organization’s strategic management and is actual important to the corporation. Environmental scanning is getting-together data for the external and the internal of the company.
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MARKETING ENVIRONMENTAL FACTORS AND AN ILLUSTRATIVE SAMPLE FOR THEIR IMPACTS THAT BASED ON THE UK FRAGRANCES INDUSTRY Submitted by: Maxie Submission date: 27th Oct 2013 Lecturer: Hilary Wason Word count: 888 words ABSTRACT Marketing is an indispensable factor for deciding the success of a business. Nonetheless‚ creating an effective marketing strategy as well as a proper marketing decision has been influenced by many factors and the greatest impacts are from the macro-environmental factors
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cars with better fuel consumption. Competitors are any company in the same market place as your company. In order of a company to be successful in the market place a competitors most grain a competitive advantage over its competitors. Toyota has been successful in maintaining its competitive advantage although competitors like Citroën have cars which are just as efficient as the Toyota Prius‚ “Toyota is still the market leader in this segment” [principles of marketing]. They have done this by capturing
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Zara is a very big clothing chain from Spain. The chain was founded in 1975 by Mr. Ortega‚ and it now has more than 1.000 stores in approximately 63 countries – so it is a very big chain. However Zara has its biggest market in Spain‚ where they have 364 stores in total. They sell fashion clothes of a fairly good quality to reasonable prices – this also means that they have a broad target group‚ which we believe to be from kids to adults younger than 50‚ both men and women. Over the years Zara has
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