As everyone already knows‚ we are still in a great economic recession. It is estimated‚ however‚ that the selling of the iPhone to consumers will add approximately 3 billion dollars to the US economy by the end of this year. Within this article‚ the concept of economic growth is prevalent. With the expected 3 billion dollars expected to be added to the US economy‚ this would add approximately 1/3 of a percentage point to our economy’s economic growth rate by the end of this year. Compared to the
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incoming agencies)‚ TUI hotels and resorts and the cruise ship business comprises the three sectors of TUI. After the selling of Hapag Lloyd in March 2009‚ TUI has become a pure tourism oriented company. PESTEL analysis (Political‚ Economic‚ Social‚ Technological‚ Environmental and Legal analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. PESTEL helps understand the key drivers of change and external influences on the organisation
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Journal of Economic Literature 2009‚ 47:4‚ 1029–1075 http:www.aeaweb.org/articles.php?doi=10.1257/jel.47.4.1029 Beyond GDP: The Quest for a Measure of Social Welfare Marc Fleurbaey* This paper critically examines the various approaches to the measurement of individual well-being and social welfare that have been considered for the construction of alternatives to GDP. Special attention is devoted to recent developments in the analysis of sustainability‚ in the study of happiness‚ in the theory
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“Standard economic theory states that any voluntary exchange is mutually beneficial to both parties involved in the trade. This is because either the buyer or the seller would refuse the trade‚ if it won’t benefit both” (Millard‚ 2012‚ p. 11). Hubbard‚ Garnett‚ Lewis‚ and O ’Brien‚ (2010) said that a competitive market achieves economic efficiency by maximising the sum of consumer surplus and producer surplus. But that result only holds if there are no externalities in production or consumption.
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economy is slowly improving by the following as posted on the CIA World Fact Book: “In Sept 2013‚ El Salvador was awarded a $277 million compact with the Millennium Challenge Corporation (MCC) - a United States Government agency aimed at stimulating economic growth through investments in education‚ public services‚ enterprise development‚ and transportation infrastructure to be signed after February 2014.”
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there have been periods of financial boom and bust‚ economic growth and recession. The most recent recession from the third quarter 2007 to the second quarter 2009 seemed like an extraordinary period of recession. The S&P 500 shrank from about 1300 points to 666 points (50%)‚ evaporating capital in a matter of days. However‚ this recessionary period was quickly turned around to economic growth again. The average post-World War II length of economic contraction has been 11.1 months‚ whereas the 2007
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Republic of India GLOBAL MACROECONOMICS Report By: Hina Sharma Executive Summary In this report I will discuss the current state of Economy of the Republic of India‚ the current economic challenges and recommended policy reforms. Key Findings: GDP Growth Of India Is Following A Downward Trend Since Q3 Of 2010-11 The Inflation Rate Is Persistent Investment Confidence Of Businesses Is Falling High Fiscal And Budget Deficit Are A Growing Concern High Corruption Is Affecting
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Simplified Valuation Analysis for the Airbus A3XX Key Assumptions as of 2008 Price per Plane Number of Planes Operating Margin $225 40 17.5% Discount Rate Assumptions (a) Risk-free Rate 6.0% 10-year US Treasury yield (p. 8) Asset Beta 0.84 Risk Premium 6.0% Discount Rate 11.0% in millions General Assumptions as of 2000 Inflation Rate 2.0% Tax Rate 38.0% Results from the Model NPV = After-tax IRR = Pre-tax IRR = # planes sold by 2019 Capacity Constraint Violated? Required Investment as of 2000
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Macroeconomic Strengths: One of the greatest measurements of economic activity is a country’s Gross Domestic Product. Gross Domestic Product is calculated in a given period of time‚ typically a year‚ and shows whether or not a country is producing more or less goods and services than it had in previous years. GDP is also positively correlated with the country standards of living. If the real GDP increases year after year it is fair to say to the country’s economy is at least minimally volatile
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a) Social and cultural The staging of major sports events effects the host community in several ways. The most important is the so called “feel-good” factor created by the success reached in sports competition and the image created of the host city (Bowdin‚ et al. (2006) pp). This factor can even led to better motivation at the work place as stated in a study by the Hudson company: “Real-life accounts reveal that the sporting ‘feel good’ factor has a significant impact on the world of work: on
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