Mixed economy -Both the state and private sector direct the economy -All of the economies are mixed economy since no economy is running pure planned economy or market economy -Market price decided by both market and states (i) Allocation Function: Government has to provide for public goods. Public goods such as national defense‚ government administration and so on are different from private goods. These goods cannot be provided through market mechanism but are essential for consumers and
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On what will the economy of the United Arab Emirates be based after the termination of oil resources? Among the independent states in the region of Persian Gulf‚ there are many countries which have achieved essential economics success‚ using the resource factor in their development. The Federation of the United Arab Emirates is considerably the best one. Owing to the richest oil deposits and the competent policy of using the given natural resources‚ it took them only 30 years to become one of
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Export Sector in India The export sector of Indian economy made comprehensive progress over the last decade. The exponential growth of the export sector of Indian economy can be attributed to the liberal Government of India economic policy. Indian exports have an ambitious target of US 160 billion in 2007-08. The achievement came to the Indian exports in the last fiscal despite the odds against the exports‚ minimizing the gains. In the first two months of 2007-08 exports grew by 20.3%‚ which was
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...................................................xxiii Abbreviations and acronyms ......................................................................................................xxvi PART 1. THE CREATIVE ECONOMY Chapter 1. 1.1 Concept and context of the creative economy 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 1.1.6 1.1.7 1.1.8 1.1.9 1.1.10 1.1.11 1.1.12 1.1.13 3 Evolving concepts and definitions ........................................................................................3
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| | Philippines - The Economy THE PHILIPPINE ECONOMY EXPERIENCED considerable difficulty in the 1980s. Real gross national product (GNP) grew at an annual average of only 1.8 percent‚ less than the 2.5 percent rate of population increase. The US$668 GNP per capita income in 1990 was below the 1978 level‚ and approximately 50 percent of the population lived below the poverty line. The 1988 unemployment rate of 8.3 percent (12.3 percent in urban areas) peaked at 11.4 percent in early 1989‚ and the
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The following is an expository essay using the subject analysis. Tertiary Education – Key to Jamaica’s Sustainable Development : Yet Illusive Tertiary education is the key to sustainable development in Jamaica but the cost of accessing it is way beyond the means of the majority of the populace. In today’s fast-paced information age‚ the same skills and knowledge that had facilitated the production and service economies of the past are in need of upgrading to meet those required for the modernization
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The fourth largest sector in the Indian economy is all set for 16% growth during 2008-09‚ from a base of Rs. 85470 crores‚ as predicted by FICCI. Going forward‚ as anticipated by CRISIL‚ FMCG sector will touch around Rs. 140000 crores by 2015 (33.4B$). This post will through some pointers for growth in FMCG Sector and update with the contemporary category trends. Growth Drivers: FMCG Sector 1. Disposable Income: There is increase in disposable income‚ observed in both rural and urban consumers
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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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zone. In addition‚ the economy experienced a reduction in unemployment by 2.9 percent‚ which hit a low of 8.3% in the year 2007. The growth in the economy is a significant increases in house commerce coupled with a negative contribution from the external sector. The economy adopted an expansionary monetary policy which had positive impacts on the domestic demand. However‚ in 2000-2007 while the skyrocketing public sector indebtedness and massive debt burden in the private sector need to get in favor
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the Desk of the Author 22 Indian Economy : A Few Facts : At a Glance 29 Important Facts Related to Indian Economy National Income of India 90 Concepts of National Income 91 Methods of Measuring National Income 91 CSO Releases National Income-Related Estimates for 2009-10 and 2010-11 92 PMEAC’s Review of the Economy 2010-11 93 Estimates of National Income in India Some Aspects of Indian Economy 72 Underdeveloped Country 72 Salient Features of Indian Economy 73 Important Infrastructural Components
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