Introduction THE NATIONAL INCOME One of the basic questions facing economics centers on whether the total output of goods and services is growing from year to year or it remains static. This question is very important because countries are keenly interested in the performance of their economy. National income estimates enable countries to calculate the total production of goods and services in a year. The lecture also focuses on the measurement of national income and their problems‚ uses
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Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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Opportunities —Fuel Efficiency focus need to keep innovating here‚ and they have been where they are going to be Rolling out a hydrogen fuel cell car in 2015. They are a leader in this technology as they have been with the plug in electric/gas vehicles. —Continue adapting to customer’s new needs scion – going for our generation of the generation Y‚ sporty but cheaper models of cars. While the Toyota is known as a family car‚ the scion is seen as the kids car. Going further‚ the lexus is
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Opportunities. Lifestyle. Location. These are all important factors for me to consider as I think about where I want to live after I graduate college. Although Chicago and Hawaii both have advantages‚ I should move to Arizona instead. Due to its beauty and bright lights‚ people are drawn to Chicago for many reasons. Chicago‚ also known as the “city that never sleeps” is home to many shops‚ restaurants‚ clubs and bars (The Guide to Moving). Chicago is so diverse that it offers many different types
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Journal Entry #1 The United States is considered “the land of opportunity” for everyone. America welcomes the people that other countries don’t want‚ or at least we used to. The Statue of Liberty even says “Give me your tired‚ your poor‚ Your huddled masses yearning to breathe free‚ The wretched refuse of your teeming shore. Send these‚ the homeless‚ tempest-tossed to me‚ I lift my lamp beside the golden door!”-The New Colossus. America once expected immigrants to come in and rise up the ranks
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Semester I Revised June 2012 Revised Business Economics I Syllabus for F.Y.B.Com from June 2012 onwards University of Mumbai Semester I Module I: Demand analysis Demand function and determinants of demand – Concept and importance of Elasticity of demand‚ Income‚ cross‚ promotional. Case studiesConsumer surplus‚ Demand forecasting: meaning significance and methods-case studies Module II Theory of production and cost Production function-short run and long run- Law of variable proportions- Isoquantproducers’
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Explain the impact and importance of the railroads in the unification of Germany Germany‚ during the two decades of the first major railroads being built‚ was separated into three-dozen individual states. The railroads provided an opportunity for those states to merge into a united country. This was accomplished through a unified trading system‚ linking the industrial cities‚ uniting Western and Eastern Prussia‚ delivering a more effective structure to law and order and competition between states
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other social problems. Not only will social problems continue to be rampant‚ but attitudes such as hatred and fear will continue to prevail‚ thus causing barriers to be raised and prevent joint cooperation and negotiations in order to solve social‚ economic‚ and political problems. According to Hauss‚ we as a global community‚ tend to view the political process in win-lose or zero-sum terms. It is because of this way of thinking that leads us to resort to violence as a way to solve disputes
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Case 1-1: E-Centives‚ Inc‚ - Raising Capital in Switzerland On October 3‚ 2000‚ E-Centives‚ incorporated in the United States‚ made an initial public offering on the Swiss Stock Exchange’s New Market. The company raised approximately US $ 40 million. The E-Centives offering circular stated that no offers or sales of the company’s common stock would be made in the United States‚ and that there would be no public market for the common stock in the United States after the offering. THE SWISS EXCHANGES’S
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I reviewed the Webinar titled “Gamification: is it Edu-tainment or a Genuine Opportunity to Engage Learners?” By Brian Knudson of Noggin labs. Gamification of Learning high lights – What The webinar started by a brilliant experiment with those who signed up for the webinar and shared the results of the game. The webinar covered two broad categories of gaming types: simulations and social games. In this paper I was drawn to the first category‚ simulations because of its broad existence and usability
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