Macroeconomics 1102 Discussion Question 5 Part (a) Consumption function: is the relation of consumption with its determinants. Graphically drawn as:. Mathematically it is written as: C = C + c(Y – T) C: Consumption Spending C: Exogenous Consumption c : Marginal Propensity to Consume (0 < c < 1) Y: Aggregate Income T: Taxes Explaining the main components: Exogenous consumption: factors other than disposable income that affect consumption. So when consumers feel optimistic
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Report 1. Introduction When focusing on maintaining a workforce within the tourism and hospitality industry‚ it is essential to identify the key concepts that motivate workers. Division of labour is part of every organisation; therefore the formation of groups is important in increasing work performance. It is not always easy to manage the creative and innovative aspects of team work‚ where individuals ideally need to share the values‚ characteristic and interests of the other
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Youth Tourism Introduction Young people travel inside the country and abroad on holiday‚ to visit friends‚ to study‚ to understand various cultures as well as for adventure and relaxation. Psychologists look upon youth travel as part of their transition to adulthood. Domestic youth travel is regarded as an extension of the education process familiarizing young people with their country. There is no widely accepted definition of the youth travel market segment. This lack
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The safety design of the control flow is the control of every aspect of contact with the control of the upper and lower links. For example‚ before feeding the mixer‚ first determine the mixer open whether? The mixer doors are closed no? Mixer clinker emptied no? All this with the material with a good no? System as long as a condition does not meet or did not complete the next step to stop the work‚ and prompted a major problem even alarm. On the surface it seems very complicated cumbersome‚ but in
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Executive Summary Cruise tourism is becoming an increasingly popular “leisure choice” worldwide‚ and keeping this point in mind cruise tourism potential of India is vast and is still in infancy stage. Mumbai as the commercial capital and gate way of India possess the great potential of cruise tourism as this place sees the highest number of tourist coming in and going out so it becomes the necessity of the time to convert Mumbai port from “port of call” to “home port”. This report has been prepared
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We have to understand the several concepts by means of definition and its integration. • Tourism Hunziker and Krapf‚ in 1941‚ defined tourism as "the sum of the phenomena and relationships arising from the travel and stay of non-residents‚ insofar as they do not lead to permanent residence and are not connected with any earning activity." In 1976‚ the Tourism Society of England’s definition was: "Tourism is the temporary‚ short-term movement of people to destination outside the places where they
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and Sarawak on the island of Borneo ) and third federal territory‚ the island of Labuan. The situation analysis of the case study is on the steps taken by Malaysian government in positioning Malaysia itself as a brand for the tourism industry and promoting on the destination that will attracts people from all the part of the world. This case study also to understand the important of tourism as a source of profit for a country and the process and strategic developed by government to promote Malaysia
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Tourism in Malaysia Tourism means activities that occur when tourists travel and staying in places outside their usual environment for not more than a year for business‚ leisure and etc. It is the second largest foreign exchange earner‚ after manufacturing. Positive impact of tourism industry on economy 1. Contributed to foreign exchange earnings Tourism expenditures and the export and import of related goods and services generate income to the host economy and can stimulate the investment necessary
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Introduction Tourism is one of the world’s fastest growing industries and is a major source of income for many countries. Being a people-oriented industry‚ tourism also provides many jobs which have helped revitalise local economies. However‚ like other forms of development‚ tourism can also cause its share of problems‚ such as social dislocation‚ loss of cultural heritage‚ economic dependence and ecological degradation. Learning about the impacts of tourism has led many people to seek more responsible
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ryANALYSIS OF PAINTS INDUSTRY IN INDIA Introduction: The paints industry made a beginning in India in 1902 when Shalimar Paints set up its operations in Kolkata (Calcutta). Today the size of the paints market in India is estimated at Rs 180 bn. Market Structure & Product category: The Indian Paint industry can be divided as: * The organized sector comprising of large and medium size units * The unorganized or the small scale sector. The contribution of the organised and unorganised
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