the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of small-scale industries in the economic development of the country. The small-scale industry have been playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government
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SS8H12e Evaluate the importance of new immigrant communities to the growth and economy of Georgia ----------------------- WHAT IS PROFIT? Profit is the amount of money earned after subtracting all of your expenses. The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)
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Cornell Notes | Topic/Objective: French Revolution | Name: Sam Roberts | | | Class/Period: Western World History | | | Date: | Essential Question: What were the causes‚ significant events‚ and results of the French Revolution? | | Questions: | Notes: | 1. What were the Three Estates? | a. First Estate- the estate made up of members of the clergy that made up less than 1% of the population‚ owned around 10% of the land and paid a 2% income tax. | | b. Second Estate- the
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The agricultural revolution refers to the important changes that took place in agriculture changes in the 18th century England CHANGES 1. Enclosure movements : Reasons: Growing population (need more food) Numbers of war fought with france Farmers wanting to have one or two large blocks of land instead of few scattered strip Methods: Landlord tried to set up large estates where they could use new farming methods and machines Forced the tenant farmers to give up their land‚ exchange land
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| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
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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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deteriorated to the objective of attaining Instagram followers‚ and this dream has been warped and diminished throughout the generations. Despite America’s promise of equal opportunity‚ factors such as class distinction and race cause deep social rifts and economic gaps that make the American Dream reminiscent of a nightmare. One of the most evident factors that impact the American Dream is race. Despite social reforms dating back to the Civil War‚
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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Brief Historical Timeline Brief Historical Timeline of the Hacienda Luisita Land Dispute Spanish Period Hacienda Luisita was once owned by the “Compañía General de Tabacos de Filipinas‚” also known as “Tabacalera”‚ founded in November 1881 by Don Antonio López y López‚ a Spaniard from Santander‚ Cantabria‚ Spain. Lopez acquired the estate in 1882‚ a year before his death‚ and named it “Hacienda Luisita” after his wife‚ Luisa Bru y Lassús. Lopez was considered a financial genius and the “most
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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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