almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability. The crisis initially affected advanced economies and then its contagion spread
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INDIAN ECONOMY India is today one of the six fastest growing economies of the world. The country ranked fourth in terms of Purchasing Power Parity (PPP) in 2001. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented‚ skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant‚ rapidly growing consumer market‚ comprising over 300 million strong middle class with increasing purchasing
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Economy is supposed to mean the stabilization of resources in a country. As of now‚ the term economy means being unstable or anarchy. The economy is struggling daily causing everyday living difficult for civilization. The deprivation of oil‚ the decrease of care towards the environment‚ and the possible recession of the United States of America economy is what keeps the economy very unstable. Currently‚ this is the worst that it has ever been and it does not look like change is in the horizon. The
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are evading the International Revenue Service‚ employers and workers alike. Americans are reverting to the underground economy‚ where tax-evaders‚ illegal workers‚ prostitution‚ and drug rings are abundant. This type of hidden income made by these activities go unreported in the national income‚ and has become accepted as the status-quo all over the world. The Underground economy is difficult to control‚ but can be managed with well thought out tax plans‚ and more severe punishment. In the years
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for dinner? Which outfit should be worn today? Do the homework now or later? Choices are what decide the path that is taken. The choices made can change futures. A question to ponder is if kids should start thinking about college at a young age? I say that kids should start thinking about college in their freshman and the three reasons why. To start off‚ some of the classes a person takes in high school may affect that person in college. An example would be if a person studies sports medicine. That
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An essay about cycles in biology. Jessie Dean Biological cycles are vital in many aspects of life on earth. From cycles within the body that keep organisms alive such as the cell cycle‚ Krebs cycle and the Calvin cycle to cycles that encompass many aspects of life and our planet such as the Nitrogen and Carbon cycles. The cell cycle involves actively dividing eukaryotic cells passing through a series of stages known collectively as the cell cycle. The two gap phases (G1 and G2) and S (for synthesis)
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ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
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inhabitants demand consumer products of higher quality. Table 2: Vietnam’s GDP per capital (US$) [pic] Source: General Statistics Office of Vietnam However‚ the average income in Vietnam is still fairly low in comparison with the company price (about………….. cai nay lay so lieu ben product nhe‚ to k tim duoc). According to “Background note of Vietnam” recorded by U.S Department of State in http://www.state.gov‚ Vietnam’s per capita income in 2010 was just $1‚168 one person per year. Whereas‚ imported
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Economy of Ireland I. Introduction The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy‚ focusing on services and high-tech industries and dependent on trade‚ industry and investment. Since the mid 1990’s‚ Ireland has experienced consistent growth rates of up to 10% per annum. This has been attributed to years of strong government planning through the implementation of five-year National Development Plans. These plans provided for large-scale
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and deficit has a close connection with economic growth. The higher government debts de deficit is‚ the slower the economy growth‚ it is means government debts and deficit prevent the economy development. In order to decrease the government debt and deficit‚ the government take some fiscal behavior‚ for instance‚ government decrease the interest rate‚ in order to stimulus the economy. Due to the interest rate decrease‚ the companies more willing to
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