Iran is a country which is currently going through a stage of metamorphosis. It could be said that Iran’s political and economic landscape is changing and hopefully for the better. The previous President Mahmoud Ahmadinejad was a political hardliner and a staunch critic of the Western Powers whereas Hassan Rouhani‚ the newly elected President is a diplomat and as willing to open talks with Western Countries over the pressing issue of Nuclear Proliferation. Hassan Rouhani has previously held the position
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ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important input in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service
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OVERVIEW OF HUMAN RESOURCES DEVELOPMENT In this chapter‚ we discussed the various elements of human resources management. Also the review of some existing literature relevant to the study‚ is made to refer to some scholars work related to the topic under study. It has been a general agreement that training and development is a good thing and that it increase productivity‚ but the question is “how much? It is even difficult to show causal link between HR development and national /organizational
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“Impact of Entrepreneurship Development & Urbanization on Economic Development” Shilpa loomba & Dr. S.K.Sindhi Abstract:- The paper reveals the interlinked effects of entrepreneurship & urbanization on economic development. Urbanization is increasing day by day due to increase in Entrepreneurship in developed areas. This is ultimately affecting per capita income‚ employment level & growth of population in urban areas. Up to some extent it is beneficial for the economy as entrepreneurship & urbanization
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Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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FINANCIAL DEVELOPMENT BY PROVIDING LONG TERM INVESTMENTS AND ECONOMIC DEVELOPMENT AS INCREASE IN STANDARD OF LIVING ……………………….Pg.3 2.Abstact…………….......................................................................................Pg.3 3.Introduction………………………………………………………………Pg.3-5 4. Economic Issues and Methods………......................................................Pg.5-6 5. Microeconomics and Microeconomics…………. ……………………...Pg.6-7 6.Economic Growth versus Economic Development…………………
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The Nigerian economy is most definitely a structured political economy similar to that of the United States. The term political economy examines the relationship between politics and economics in modern societies. Specifically‚ this relationship consists of a key alliance between the government and the economy which are manipulated by the capitalist class in order to serve all of their own interests. The capitalist class however can be further broken down into a ruling class that holds the greatest
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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This paper titled “Financial Management Practices of Small Firms in Nigeria: Emerging Tasks for the Accountant” It is aim to determine whether the financial management practices of small firms in Nigeria have impact on their profitability‚ growth and survival. It was discovered that two financial information variables (accounting system and financial management information) alone dominate the risk perception of fund providers. As a result‚ small firms find it difficult to source adequate funds for
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ECONOMIC DEVELOPMENT SUMMARY CHAPTER 2: COMPARATIVE ECONOMIC DEVELOPMENT (Page 65 – 73) Created By: PATRICIA M. A. ADAM 1006805694 International Undergraduate Program Faculty of Economics University of Indonesia Depok 2013 Larger Rural Populations but Rapid Rural-to-Urban Migration One of the hallmarks of economic development is a shift from agriculture to manufacturing and services. Although modernizing in many regions‚ rural areas are poorer and tend to suffer from missing markets
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