Economies Traditional Economy‚ Command Economy & Market Economy Traditional Economy Definition A traditional economy is an economic system where customs‚ traditions and beliefs determine the goods and services created by the society. It is dependent on agriculture‚ hunting and gathering‚ fishing or any combination of the above. Also called a subsistence economy‚ it may involve use of barter trade instead of currency. Characteristics Traditional economies are often based on one
Premium Market economy Capitalism Planned economy
__________________________________________________________________________________ SERVICE SECTOR - CURRENT MARKETTING NATURE INTRODUCTION Services are deed process and performance. Service includes all economic activities whose output is not tangible. The world economy nowadays is increasingly characterized as service economy .As today more than 70% of world economies income and employment is contributed by services sector and p their major contribution to the GDP in developing countries. Service marketing
Premium Marketing
TABLE OF CONTENTS | TITLES | PAGES | 1 | Introduction-the Mauritian economy | | 2 | Position Of Mauritius In The World | | 3 | Different sectors of the Economy | | 4 | The Primary Sector | | 5 | Introduction- Agriculture in Mauritius | | 6 | Agriculture and Land Use | | | Importance of agriculture in Mauritius | | | The Sugar Industry | | | Sugar Milling and Production | | | Importance of Sugar Cane | | | Tea‚ Tobacco‚ Potatoes‚ Vegetables‚ Fruits‚ Flowers
Premium Economy Tertiary sector of the economy Industry
Executive summary The Indian FMCG sector is the fourth largest sector in the economy with a total market size in excess of US$ 13.1 billion. FMCG market is expected to rise to 33.4 Billion US$ till 2015. This report starts with a brief introduction of FMCG market along with industry Overview. It further state why FMCG sector us analyzed and why India. in this report three FMCG company “ HUL‚ Nestle India ‚ and ITC” is analyzed there history their shareholding pattern with their product is being
Premium Financial ratios P/E ratio
UNIT 1 The travel and tourism industry Introduction T he travel and tourism industry is one of the biggest and fastest growing industries in the UK. This unit will give you an introduction to the industry‚ providing a sound basis for further study. You will find out about the nature of the industry‚ its size and scale‚ and you will be introduced to the types of organisations that form its structure. In addition you will investigate the development of the industry and the factors
Premium Tourism World Tourism Organization
Tourism Sector Contents * Introduction What is the tourism? The meaning of the tourism The feature of tourism (5 points) ……1 * Main body Two different kinds of people to travel ……2 a) & b) * Conclusion ……1 * Reference ……1 Introduction
Premium Tourism
An economy or economic system consists of the production‚ distribution or trade‚ and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals‚ businesses‚ organizations‚ or governments. Transactions occur when two parties agree to the value or price of the transacted good or service‚ commonly expressed in a certain currency. In the past‚ economic activity was theorized to be bounded by natural resources‚ labor‚ and capital
Premium Supply and demand Economy Economics
What type of economy is the UAE. List the features that are typical of this type of economy and provide a detailed discussion as to why you have chosen this classification. The economy of a country is the economic systems of a country which consists of the labor‚ capital and land resources that it has. An economy has economic agents that are the consumption of goods‚ production‚ distribution and exchange. The United Arab Emirates is considered as an “open economy”‚ it consists in having economic
Premium United Arab Emirates Dubai
English Usage Week 10 Tertiary level education is necessary for a successful life. As eschewed by‚ Dr. Eric Williams‚ the first Prime Minister of Trinidad and Tobago in the early 60’s‚ ‘The future of our nation lays inside the schools bags of our children.’ In those days it was very evident that the level of education in Trinidad and Tobago was little to none existent amongst the citizens. Therefore‚ it is fitting to say that a tertiary education is mandatory for a thriving
Premium Higher education Tertiary education
LOGISTIC SECTOR 1 CONTENT SERIAL NO. 1. 2. INTRODUCTION INDUSTRY COMPOSITION 2.1 ROAD TRANSPORT 2.1.1 LOGISTIC COMPANIES ENGAGED IN ROAD TRANSPORT 2.2 RAIL TRANSPORT 2.2.1 LOGISTIC COMPANIES ENGAGED IN RAIL TRANSPORT 2.3 SHIPPING 2.3.1 LOGISTIC COMPANIES ENGAGED IN SHIPPING 2.4 AIR CARGO 2.5 WAREHOUSING 2.5.1 LOGISTIC COMPANIES ENGAGED IN WAREHOUSING 2.6 CONTAINER FREIGHT STATIONS/ INLAND CONTAIN DEPOTS(CFS/ICD) 2.6.1 LOGISTIC COMPANIES ENGAGED IN CFS/ICD 2.7 PORTS 2.8 COLD CHAINS 2.8.1 LOGISTIC
Premium Logistics Supply chain management