economy’ through public sector enterprises. The economic development and rate of growth were accelerated and sound economic infrastructure for industrialization was established. The monopolies and concentration of wealth in the hands of few could not be prevented but self-reliance in strategic fields to reduce dependence on foreign technology was attained. Balance regional development was achieved and regional disparities were reduced. Employment opportunities in different sectors improved standard of
Premium Public sector Economics Capitalism
FINANCIAL GROWTH AND CHALLENGES FACING THE GROWTH OF SMEs IN KENYA CHAPTER ONE; INTRODUCTION 1.1 BACKGROUND In recent years‚ the nurturing of SMES have become the dominant theme of development economics. This rediscovery of the importance of the spirit of free enterprise was undoubtedly prompted by the failure of centrally planned communist economies. The achievement of impressive prosperity by certain East Asian and western countries also encouraged the start up of SMES (Mwaura‚ 2006)
Premium Small business Economics Informal sector
25TH January 2011 Unit 1 the business environment Private sector P1: Private sector: For the private sector I have chosen the company Chevrolet‚ this is a well known American car company that sell many types of vehicles such as sports cars‚ 4x4s super cars‚ medium duty commercial trucks and subcompact cars. The ownership:/ The type of ownership of Chevrolet is a partnership; the two founders for Chevrolet are Louis Chevrolet and William C. Durant‚ it was founded on November 8TH 1911. The
Premium City council Automobile Chevrolet
“Industrialize or Perish” Industries refer to units that are engaged in the business activity of converting raw materials or semi-finished goods into finished or final goods‚ which are then made available to the final consumers. For any economy to flourish industrialization is very essential. Industries act as major accelerators of economic development in a country. There are many advantages of having a good industrial system functioning in a country. Especially in a developing country like India
Premium Industry Economics Capitalism
IECON’01: The 27th Annual Conference of the IEEE Industrial Electronics Society SPACE VECTOR MODULATION –An Introduction == Tutorial at IECON2001== Dorin O. Neacsu Correspondence Address: Satcon Corporation‚ 161 First Street‚ Cambridge‚ MA 02142‚ Email neacsu@earthlink.net I. INTRODUCTION Space Vector Modulation became a standard for the switching power converters and important research effort has been dedicated to this topic. Tens of papers‚ research reports and patents were developed in the
Premium Modulation Linear algebra
Purpose and aim of unit The purpose of this unit is to introduce learners to human resources (HR) activity and to the role of the HR function in organisations in general terms. It focuses on the aims and objectives of HR departments in contemporary organisations and particularly on the ways that these are evolving. Different ways of delivering HR objectives and emerging developments in the management of the employment relationship are explored as well as the methods that can be used to demonstrate
Premium Management Human resources Organization
government and one or more private sector companies. Public Private Partnership is an arrangement between a government / statutory entity / government owned entity on one side and a private sector entity on the other‚ for the provision of public assets and/or public services‚ through investments being made and/or management being undertaken by the private sector entity‚ for a specified period of time‚ where there is well defined allocation of risk between the private sector and the public entity and the
Premium Private sector Public–private partnership Government
have already been tried in countries like Great Britain‚ China‚ United States‚ Turkey‚ Brazil‚ Mexico‚ & Japan. In our country to a beginning towards privatisation has been made with the sale of upto 20% of the equity capital of 30 plus select public sector units (psu’s)‚ first to mutual funds and financial institutions and later to the investing public. HISTORY THE history of privatisation is very short-just 10-15 years old to be precise. The real disinvestment started only in 1980’s‚ the word privatisation
Premium Public company Public sector Privatization
for CT scanners consists of private and public sectors. The public sectors are government owned or non-profit organizations such as universities or charitable institutions. The public sector buying format tends to be budgeted a year in advance‚ and involves many different people in the buying decision‚ which makes it more complex. The public sector represents a much higher percentage of CT scanner sales compared to the private sector. The private sector consists of profit oriented organizations such
Premium Public sector Marketing Decision making
critical areas in the economy. These organizations however need to be transparent‚ accountable‚ and equitable and have sustainable management in order to play their role in economic development effectively. There have been recent programs to reform this sector. One of these reforms is privatization of the organizations. 1.1.1 Privatization Privatization entails shifting of production and provision of goods and services from the government to the private sector.Through privatization‚ public enterprises
Premium Financial ratio Public company Public ownership