Impact of Petrol Price Hike Economics State-run oil companies announced a hike of Rs 7.50 per litre in petrol prices - a direct fall-out of elevated international crude oil prices‚ which had until now not registered a pass-through in domestic market prices; thereby impacting the financial and liquidity position of oil marketing companies (OMCs) in the country. A depreciating rupee has only added to this pressure. While diesel and LPG prices have been left untouched‚ this move is expected to provide
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contribute to rising gasoline prices. The major cause for increasing gasoline prices has to do with refining capacity. Even if oil were inexpensive‚ we would still have a problem converting it into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do serve a purpose; they
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Conundrum of Consumption”‚ author Alan Thein Durning believes the consumer behavior and the detrimental effects of consumption are destroying the world’s natural environment. Durning discusses that consuming goods has become the way of life. Durning exposes that our appetites to live the American Dream have taken a toll on the earth’s natural environment‚ and suggests that there are other paths to fulfillment. Durning suggests the earth’s sustainability depends on the reduction of consumption levels and
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Introduction Lean Consumption Meets Lean Provision Consumption. It sounds so easy. Indeed‚ in advanced market economies‚ it’s often portrayed as effortless. Consumers can get just what they want easily‚ even instantly. And yet‚ the problem is that consumption often isn’t easy and consumers can’t get what they desire. And this is true in every category of consumption‚ for all types of goods and services. In this book we will see why consumption is often hard work for the consumer and is
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Research proposal To: Mr. Yaseen Ahmed Meenai. Date: 9th June 2012. Group Members: 1. Ammar Showkat 2. Syed Muzzammil Hasan 3. Abdul Raffay Usman 4. Nausherwan Khan Proposed Research Topic: A statistical analysis of fast food consumption and trends in Pakistan. Purposes: In Pakistan‚ the fast food trend has entered mainstream. It has taken its roots from the American culture of fast food. Many multinational eateries like McDonald‚ Pizza Hut‚ KFC‚ Dunkin Donuts and Hardees have
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Introduction 2 Literature review 2 Conclusion 3 Bibliography/References 3 Price Elasticity of Demand Introduction Ethanol production in the U.S. has grown tremendously in the last decade. Production was averaging one billion gallons per year in the early 1990s‚ grew to four billion gallons in 2005‚ and in 2007 exceeded six billion gallons (Renewable Fuels Association (RFA)). If current plans for new construction and expansion come to completion‚ production capacity will exceed
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GASOLINE According to the law of demand‚ when the price of a good and the quantity demanded have an inverse relationship. When the price of a good increases‚ the quantity demanded decreases. There are various factors affecting the demand for gasoline. These include: 1. The availability and prices of substitutes and complements: A good is referred to as a substitute for another good‚ when it can be used as a replacement for the good. When the price of one good goes up‚ the demand for the substitute
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Executive Summary Over the years Peachtree had grown from a single hospital to a regional network of 11 institutions. With over 4‚000 employees and a million patients Peachtree’s IT infrastructure has not kept up with their growth. The current IT system is not reliable‚ efficient and secure. The company mission is to provide "quality‚ consistency and continuity care across the entire network" delivered with "efficacy‚ economy and respect for patients and staff". In addition‚ unlike the healthcare
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article Ice cream consumption in India and rest of the world Last updated on: January 27‚ 2013 09:55 IST Almost all Indians love ice cream‚ but where do we rank in per capita consumption compared to the rest of the world? Let’s take a look at the global ranking based on research conducted by Unilever. Click NEXT to read more... Ice cream consumption in India and rest of the world Last updated on: January 27‚ 2013 09:55 IST New Zealand Per capita consumption: 28.4 litres per year
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INTRODUCTION The topic that I have conducted research on involves underage alcohol consumption and various levels of academic achievement. More specifically‚ my goal is to conceptualize the increasing amounts of underage alcohol abuse by observing the affects effects that it has on individual’s GPA. Data obtained from the National Institute on Alcohol Abuse and Alcoholism suggests that four out of five college students consume alcohol. Of the students that consume alcohol‚ approximately fifty percent
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