Terms and Definitions related to Economics Administered price: A price set not by the forces of demand and supply‚ but by some authority like the Government or a regulatory authority. Agenda 21: Programme of action adopted at the Earth Summit in 1992. It has 21 chapters dealing with all aspects of sustainable development‚ conservation‚ and resource management. Appropriation Bill: A bill introduced in the Parliament together with the budget‚ seeking the approval of the House to permit expenditure
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MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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Integration of ICT in Teacher Education Mrs Gurinder Kaur is Lecturer in Education‚ SMDRSD College of Education Pathankot‚ Gurdaspur Dr Gursharan Singh Kainth is Director GAD Institute of Development Studies‚ 14-Preet Avenue‚ Majitha Road‚ PO Naushera‚ Amritsar-143008 Teaching is becoming one of the most challenging professions in our society where knowledge is expanding rapidly and much of it is available to students as well as teachers at the same time (Perraton‚ Robinson
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- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
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the importance of each of the following in causing the First World War: nationalism‚ alliances‚ economic factors. Introduction World War One was a war fought due to both direct and indirect causes. The assassination of Franz Ferdinand opened the floodgates as tensions were released within European countries. The strong nationalism from countries both new and old prevailed at this time. Additionally‚ alliances that were created before the war caused a quarrel between two countries become an international
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organisation can encounter in achieving integration. Are there successful alternatives to integration? Use examples from your own company or one you know well. I see the term organization is another word of integration‚ which means integration is most important criteria of an organization. Integrate means “to bring people together harmoniously into a single community”(Oxford‚ 2007. p357). Various Management gurus have realized and expressed the importance of integration in an organization in different ways
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COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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the Syrian uprising and hence the regional Arab Spring. CAUSES The Arab spring is widely believed to have been instigated by dissatisfaction with the rule of local governments‚ though some have speculated that wide gaps in income levels may have had a hand as well. Numerous factors have led to the protests‚ including issues such as dictatorship or absolute monarchy‚ human rights violations‚ political corruption (demonstrated by Wikileaks diplomatic cables)‚ economic decline‚ unemployment‚ extreme
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CASE STUDY Riverview Regional Medical Center Erica Dawkins University of Texas at Arlington Strategic Management for Health Care Organizations HCAD 5390 Jeffrey E. McGee‚ PH.D July 7‚ 2015 OVERVIEW The Hospital Management Associates (HMA) acquired Riverview Medical Center (RRMC‚ a 281 bed for acute care in 2004. HMA reconstructed the facility turning it into a leading-edge‚ high quality of care health care organization. The facility is one of the primary employers in the area and provides
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Vertical Integration vs Outsourcing of Zara Written by Mohd Rahman October 04‚ 2014 “The original business idea was very simple. Link customer demand to manufacturing‚ and link manufacturing to distribution. That is the idea we still live by” -- Jose Maria Castellano Rios‚ Inditex CEO. 1 Introduction to Zara Zara is an icon in the fashion world and largest international fashion designing and manufacturing company. Zara is the flagship chain store of Inditex Group owned by Spanish
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