huge impact on the economy as well as corporate. It has become a social issue. After looking briefly through its merits and demerits‚ forms and causes‚ we will see the consequences of corruption in the economy as a whole and businesses as well. It is very difficult to get an estimate of it as none of it appears officially on any documents or records. Relating it to black money‚ we try to find a link between corruption and black money and how this link could affect the economy and what may be the
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International Underground Economy Market Ronnie Williams University of the District of Columbia Professor Etta Essay Project Americas Underground Economy Market In international counties‚ the unemployment rate has given society no sense of hope but there has been an alternative source to boost their spirits. The underground market has been a resource for individuals to gain a taste of some tangible dividends. Also the underground market has helped the economy growth significantly given the
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inter Linkages between agriculture and others sector in India : A Post Reform Scenario Mandeep Singh Abstract The present study is an attempt to calculate the sector wise linkages in a post reform period for the Indian economy. To do such analysis‚ the whole economy is aggregated into three main sectors such as agriculture‚ industry and services. All the linkages have been calculated for two points of time by utilizing data on two input-output transaction tables for the period 1993/94 and 2006/07
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1 1 MODULE 1 INTRODUCTION INDIAN ECONOMY IN THE PRE-BRITISH PERIOD UNIT STRUCTURE 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Objectives Introduction Village communities Towns during pre-British period Handicraft Industries Summary Questions 1.0 OBJECTIVES 1. 2. To understand the structure and organization of villages and towns -during pre-British period. To study the various industries and Handicrafts during PreBritish Period. 1.1 INTRODUCTION In the preceding discussion‚ we are going to understand
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Financial Crisis (GFC) was followed by the deepest recession in the world economy since World War II. The Australian economy performed better during this period than most other advanced economies on nearly all relevant indicators. Although financial and economic conditions were stressed‚ the financial system worked remarkably well (Tony & Morling‚ 2011). Diverse factors have been stood in to explain this strong Australian economy performance during this recession. These include the strength of Australian
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What is the meaning of a knowledge based economy? The term “knowledge-based economy” results from a fuller recognition of the role of knowledge and technology in economic growth. Knowledge‚ as embodied in human beings (as “human capital”) and in technology‚ has always been central to economic development. In the knowledge-based economy it is the production of ideas‚ not goods‚ that is the source of economic growth‚ and the reason that the new computing and telecommunications technologies are
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INTRODUCTION The Nigerian economy has several activities sectors which include agriculture (crops)‚ livestock‚ forestry‚ fishing‚ manufacturing‚ crude petroleum mining and quarrying‚ utilities‚ building and construction‚ transport‚ communication‚ wholesale and retail trades‚ hotels and restaurants‚ finance and insurance‚ real estate and business services‚ housing‚ producers of government services and community‚ social and personal services. However‚ with the advent of the crude petroleum sector
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The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1‚700 (adjusted by purchasing power parity). According to the International Monetary Fund‚ Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms‚ among the Next Eleven or N-11 of Goldman Sachs and D-8 economies‚ with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has
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When considering the advantages and disadvantages of command and market economies‚ it may seem like one economic system is better than another‚ but it all depends on what the viewer deems important. In a market economy‚ individuals‚ rather than governments‚ make the majority of decisions regarding work‚ consumption‚ and production. In contrast‚ a command system is based upon government decision making concerning production‚ output of goods and services‚ and use of resources. Both have their good
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are evading the International Revenue Service‚ employers and workers alike. Americans are reverting to the underground economy‚ where tax-evaders‚ illegal workers‚ prostitution‚ and drug rings are abundant. This type of hidden income made by these activities go unreported in the national income‚ and has become accepted as the status-quo all over the world. The Underground economy is difficult to control‚ but can be managed with well thought out tax plans‚ and more severe punishment. In the years
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