part is a mountainous forest. It is regarded as one of the most bio-diverse nations. Its capital city is the metropolitan city of Mexico. Mexico City is the second-largest urban agglomeration in the Western hemisphere. It has 19‚319‚000 citizens living in the city. The country’s currency is the Mexican peso. Throughout the twentieth century‚ the population growth of Mexico has been characterized as rapid growth. It is the most populous Spanish-speaking country in the world. The estimated population
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that the term "fundamentalist" and "fundamentalism" are not widely accepted by members of al qaeda and extremists. Instead they usually prefer the term "Islamism" and or "islamist"( Islamism refers to a set of political ideologies derived from various religious views of Muslim fundamentalists‚ which hold that Islam is not only a religion‚ but also a political system that should govern the legal‚ economic and social imperatives of the state). Although "fundamentalism" is now used to describe the ultra-conservative
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place with the combination of factors of production called as land‚ labor‚ capital and organization. In modern economics‚ enterprise has come to occupy a very important role in production so as to deal with that on a separate footing as an agent of production. Production‚ according to Hicks‚ is "any activity directed to the satisfaction of other people’s wants through exchange". Production in economics means creation of economic utilities‚ as man cannot produce matter. He can only work upon matter so
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country‚ or "more developed country" (MDC)‚ is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly‚ the criteria for evaluating the degree of economic development are gross domestic product (GDP)‚ the per capita income‚ level of industrialization‚ amount of widespread infrastructure and general standard of living.[1] Which criteria are to be used and which countries can be classified as being developed
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market value of all final goods and services produced within a given period by the factors of production located within a country” (Case‚ Fair & Oster‚ 2008‚ p.105.). Essentially‚ GDP is a measure of production of an economy; that is‚ it measures its economic performance. Despite this‚ economists often use GDP statistics as an indication of social welfare. According to Case‚ Fair and Oster (2008) however‚ this may cause serious problems to arise. These problems are put forwards in the following limitations
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characteristics of Economic Development A country or a society’s economic development is usually associated with rising incomes and related increases in consumption‚ savings‚ and investment. Surely‚ there is far more to economic development than income growth; for if income distribution is profoundly swerved‚ growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic development? Low
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Does immigration interrupts economic growth in the United States? Recently‚ the number of immigrant workers in the United States has significantly increased. The impact of the immigration has been a controversial issue. Majority of the population believe that the large number of immigrants negatively affects the U.S-born workers by lowering wages and increase competition in the nation’s labor market. On the other hand‚ some believe that immigrants increase GDP‚ create more jobs‚ stimulate investment
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Economic Growth in China Economic Growth in China Economic Growth in China has been steady. There have been many things that has contributed to the growth. The fact that China has one of the highest populated areas in all the world. That they have lead the way in technology manufacturing for the past 10 years. There have been many things but none more powerful than the geographical features that have push them. These major features are the mountains‚ desert‚ steppes and plains.
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little over three decades having past since the major industrial development‚ China has industrialized at an astonishing rate. This is especially apparent when comparing its much higher industrializing rates to Japan‚ the UK and the US. With such high rates of growth‚ there are both negative and positive aspects that come out of such development. Although general health in China is not at its best‚ post 1980 industrial development has improved the average Chinese citizen’s life tremendously both
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ESSAY ON CRITICALLY EVALUATE THE MAIN CATALYSTS TO GROWTH IN CHINA AND INDIA. India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times‚ 2012). India’s total GDP (gross Domestic
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