and Ontario‚ represent a huge factor in the economy of the United States by being one of the major cities where trade takes place. General Motors‚ Ford and Chrysler also known as Americas ‘Big Three’ automobile companies are located in this city. The concept of External Scale Economies can help us explain why these three major companies are located in this area. Scales economies are important for a country because they represent a growth in its economy. Companies are able to produce more products
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the Growth and Development of the Nigerian Economy from 1960-2010 By 1 1 Aminu Umaru and 2Anono Abdulrahman Zubairu Department of Economics & 2Department of Management Technology School of Management and Information Technology Modibbo Adama University of Technology‚ Yola‚ Adamawa State‚ Nigeria. Abstract This paper investigates the contribution of agricultural sector and petroleum sector to the economic growth and development (GDP) of the Nigerian economy between 1960 and 2010 through the application
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Immigration does not hurt the Economy Since the founding of the U.S. more than 200 years ago‚ people have come here from every country on earth. Whether it be escaping an oppressive government‚ or just to find a general better way of life‚ people immigrate to the United States. Some people say that when an immigrant comes here‚ they are not used to our way of life‚ and therefore throw off our way of life and economy. They say that they cause more harm to the stable‚ tax-paying citizens of the
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reason more and more oversea company pay more attention to the India‚ also more and more foreign direct investment (FDI) choose into the Indian market. This report discusses that what effect from the Indian political economy make to the FDI. The political economy The political economy is include the political system‚ the economic system and legal system‚ they not only will make effect to the FDI‚ but they also affect each other. The economic development must rely on the government to provide some
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the characteristics of the 4 sectors of the economy. And find evidence of changes in the industrial sectors in the UK in the last 5 - 15 years. The United Kingdom’s economy is made up in descending order of size of the economies of England‚ Scotland‚ Wales and Northern Ireland. The UK has a partially regulated free market economy‚ somewhere between the US and continental Europe. Based on market exchange rates‚ the UK is today the sixth largest economy in the world and the third largest in Europe
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SWOT Analysis of various sectors of Indian Economy. The India economy‚ which is the 9th largest in the world in terms of nominal GDP‚ can be broadly classified into three sectors: 1) Primary Sector or Agriculture Sector‚ which contributes about 15% to the GDP and employs around 57% of the total workforce. 2) Secondary Sector or Industry sector‚ which contributes about 28% to the DP and employs around 14% of the workforce. 3) Tertiary Sector or Service Sector‚ which contributes the maximum
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Purchasing in different Sectors of the Economy/Organizations A nation’s economy can be divided into various sectors to define the proportion of the population engaged in the activity sector. This categorization is seen as a continuum of distance from the natural environment. The continuum starts with the primary sector‚ which concerns itself with the utilization of raw materials from the earth such as agriculture and mining. From there‚ the distance from the raw materials of the earth increases
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contemporary economies. The three factors that proved most prominent in Britain’s ascension were: colonial influence on markets‚ numerous effective government market interventions‚ and the cultural advantages that Protestantism bestowed upon British society. These conditions are still relevant for developing economies to take into account. As modern colonialism is apparent‚ disguised as free trade‚ it acts as the detriment and the cause to the lack of development of an autarkic economy. Effective
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literature on the underground economy has avoided a common usage and has instead offered a plethora of appellations including: subterranean; hidden; grey; shadow; informal; clandestine; illegal; unobserved; unreported; unrecorded; second; parallel and black.[1] This profusion of vague labels attests to the confusion of a literature attempting to explore a largely un-chartered area of economic activity. There is no single underground economy‚ there are many. These underground economies are omnipresent‚ existing
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not only apply to the universe as a whole‚ but to all systems that process mass or energy including economic production & consumption activities and that they have consequences as they rule out the common model of a closed nature independent economy that can grow without limits. Stephen L. Gillett’s point‚ that free energy is the basic resource (not low entropy) is well put. But the argument that thermodynamic analysis can identify possibilities for technological developments is not detailed
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