COMMERCE SHORT ANSWER QUESTION: CHAPTER#1 1. Using examples‚ distinguish between the primary and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer
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Have fun in the ocean; kitesurf‚ windsurf or surf in Mauritius 27 July 2012 A little island country surrounded by turquoise water‚ Mauritius is an obvious choice for trying out all kinds of water sports. Add to this combination the trade winds and tropical climate and you will soon see why more and more windsurfers‚ kitesurfers and surfers come to Mauritius. Kitesurfing in Mauritius Kitesurfing in Mauritius is a fantastic experience; the island is known the world over
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exposure when the currency cannot be hedged Currency Diversification- this can limit the potential effect of any single currency’s movements on the value of an MNC. 3) Compare MNC capital budgeting to domestic capital budgeting. Talk about economic exposure. MNC capital budgeting‚ like domestic capital budgeting‚ focuses on the cash flows of prospective long-term investment projects. They use the same NPV discounted cash flow model. However MNC is more complex because of the following
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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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
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Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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confronted with serios enviromental problems.The best way to fight them is by knowing what causes them and to figure out the best comprimise solution for the earth as well as for the humans. population growth The major cause of most environmental problems is the rapidly growing human population‚ now at 6 billion (2000 estimate) people worldwide. A quarter of a million babies are born each day-90 million each year. In another 50 years‚ the population will grow to about 9-10 billion. Meeting the basic
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Principles Of Economics Assignment Nurlisa Asyiqin Salehuddin 951123-10-6264 19295 ‚ Foundation in ICT Madam Khalidah Khalid 1.Define a market. A market is any arrangement where buyers and sellers interact with each other to determine the price and quantity of goods and services to be exchanged at a certain period . It need not be a particular place . For example ‚ Amazon.com website is a market in itself since they bring buyers and sellers together to transact goods and
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Economic‚ political and social problems in the period 1945-1960 in British society From 1900 to 1940s Britain struggled with poverty and social inequality. The economy in Britain needed a big change‚ because most of the population was unemployed‚ leaving schools in their early teens‚ there was no health service or social insurence. In period from 1945 to 1960‚ Britain went through some changes in economy‚ society and politics. Politicians needed new plans to put the Britain
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INNOVATION Innovation presents a dilemma for managers. On the one hand‚ innovation is proffered as an elixir for growth‚ profitability‚ and competitive advantage. On the other hand‚ there are no guarantees that innovators will be rewarded for their efforts. The challenge is not just creating value from innovation‚ but capturing that value as well. Therefore‚ the profitability of an innovation to the innovator depends on the value created by the innovation and the share of that value that the innovator
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