Topic: Determinants of the economic development in Nepal Economics Definition A social science that studies‚ how individuals‚ governments‚ firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics can generally be broken down into: macroeconomics‚ which concentrates on the behavior of the aggregate economy; and microeconomics‚ which focuses on individual consumers. Developing countries / Lower developing countries A developing country‚ also called
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The Economic and Political Causes of European Exploration and Colonization By 1400s‚ European countries began to dominate the globe with trade and advanced technologies. England‚ Spain‚ France and Portugal emerged as the strongest nations in the 1400s and 1500s. For reasons separate for each‚ the dominant European powers desired to expand their reign beyond Europe. Europeans began exploring various economic reasons‚ but they did not want to set up colonies right away. However‚ political reasons
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Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities‚ identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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modern capitalists‚ owners of the means of social production and employers of wage labor. By proletariat‚ the class of modern wage laborers who‚ having no means of production of their own‚ are reduced to selling their labor power in order to live.” ~ Friedrich Engels. Every person has been classified as something whether it is age‚ skin color‚ or wealth. There are various forms of classification. For example‚ ever heard of social stratification or social economics? It is society’s categorization structure
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Differences Between New England and the Chesapeake regions Although the English settled into both the Chesapeake and New England regions‚ they had formed into two completely opposite communities. Both regions came to America for different purposes. Whether the founders of this land was to make a profit‚ farm more land‚ or seek religious freedom‚ they did it to please their own intentions. There were many differences between the two regions‚ however two main places where they were opposites‚ were
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POLITICAL SCIENCE T.Y.B.A. 1. COURSE STRUCTURE & NOMENCLATURE BA Semester V : (GENERAL DEGREE) - 3 UNITS PS 5 : Public Administration PS 6 : International Relations PS 7 : Western Political Thinkers (Plato to John Locke) Skill Based Course (SBC) 1: Introduction to Political Reporting BA Semester VI : (GENERAL DEGREE) – 3 UNITS
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regulation of state and economic interests. The modern world of information builds its own priorities‚ based on new types of opportunities of the media and media content. Media content are messages produced by mass media such as Internet‚ newspapers‚ magazines‚ books‚ video entertainments and television. People have great opportunities of getting information they need in short time. Mass media are important functions of political literacy of citizens and an important channel of political communication (Louw
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GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different from those
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MARXIAN THEORY OF ECONOMIC DEVELOPMENT Karl Marx is one of the few thinkers in History who has had an influence on millions of people‚ ranked with Christ and Mohammed‚ if we are to judge him by the number of followers. He predicted the inevitable doom of capitalism and imposed on his ideas that communism has built its edifice (large structure). He based his predictions on a sweeping analysis of the process of capitalists’ economic dvlpt. MARXIAN INTERPRETATION OF HISTORY General framework of Mark’s
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The First World War created massive growth opportunities on the economic front in America when she joined the war in 1916. The need for industrial production on a massive scale to provide arms for the war effort‚ gave rise equally to employment. With most able bodied men away at the war in Europe‚ it fell to women and African Americans to fill those jobs and meet the rising demands. (As a direct result of this‚ Wilson‚ president of USA during this period‚ recommended and supported that woman be
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