The role of financial intermediation in the economic growth process was recognised as far back as the 17th century when Walter Bagehot‚ in his classic Lombard Street‚ argued that it was England’s efficient capital markets that made the industrial revolution possible. Centuries later‚ modern day economists hold largely the same view that access to investment capital‚ through well functioning financial markets‚ is crucial for growth and development‚ particularly in capital-scarce developing countries
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7.7 Understand the role of risk assessment in enabling a person centred approach. 7.2 Explain how risk taking and risk assessment relate to rights and responsibilities. Everyone is entitled to take risks. We all take risks in our daily lives. Every time we get on a plane or cross the road‚ put money in a bank‚ take part in a sporting activity or plug in a toaster‚ we are taking risks. All of these risks we assess and make sure that they are managed. For example‚ we know that there are stringent
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Environment Environment may refer to: • Built environment‚ constructed surroundings that provide the setting for human activity‚ ranging from the large-scale civic surroundings to the personal places. • Environment (biophysical)‚ the physical and biological factors along with their chemical interactions that affect an organism. • Environment (systems)‚ the surroundings of a physical system that may interact with the system by exchanging mass‚ energy‚ or other properties • Environmental
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The role of advertising in brand image development Introduction The notion that there is no objective reality and that people trade in the realms of perception and image represents one of the most important tenets of human understanding. Nowhere is this more true than in the area of human relationships with business organizations‚ i.e. the domain of marketing. Indeed images at all levels of marketing have taken on an increased importance in recent times. Corporations have become obsessive
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Economic growth From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2011) GDP real growth rates‚ 1990–1998 and 1990–2006‚ in selected countries. Rate of change of Gross domestic product‚ world and OECD‚ since 1961 Economic growth caused the production-possibility frontier to shift outward. Economic growth is the
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The Role of Literature in Cultural and Society Development Jibran Khalil Jibran once said‚ “All our words are but crumbs that fall down from the feast of the mind.” It is in everyone‚ it’s locked away‚ hidden and for the gifted‚ it comes out to give us the very languages we are using today. Literature‚ like music and film and theatre‚ is an art. As a matter of fact the purest form of art. Life‚ for many if not all‚ in scales that vary is pretty much the same journey measured by experiences‚ fortune
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Despite the significant role of politeness in communicative situations‚ Brown and Levinson (1987) contend that‚ beside politeness‚ every communicative act is fraught with perilous face-threatening acts (Kasper‚ 1990). Moreover‚ they claim that considering other aspects of “face” may allow a broader view of the facts that can help to avoid the polarity splitting the concept into Positive and Negative politeness (Bargiela-Chiappini‚ 2003). This proclamation has won the support of various writers
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------------------------------------------------- Economic Development ------------------------------------------------- Definition of Economic Development Economic development is a process of economic transition involving structural transformation of an economy through industrialization‚ raising gross national product and per capital income. According to Lewis‚ Economic development means increase in output per head. According to Micheal Todaro‚ Economic development must be conceived of as a multi-dimensional
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We as human beings are very fortunate to be living on this planet that we call Earth. We toil over the land‚ and in return we receive provisions off of which we live. Even though we get all that we need from this bountiful land‚ we still for some reason feel like we need to alter it. In doing so we also end up ruining the land that we thrive on. We reshape the world to fit our individual needs‚ and the earth just doesn’t work that way. Everything on this planet has a purpose‚ from the largest animal
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Agriculture and Petroleum Sector to the Growth and Development of the Nigerian Economy from 1960-2010 By 1 1 Aminu Umaru and 2Anono Abdulrahman Zubairu Department of Economics & 2Department of Management Technology School of Management and Information Technology Modibbo Adama University of Technology‚ Yola‚ Adamawa State‚ Nigeria. Abstract This paper investigates the contribution of agricultural sector and petroleum sector to the economic growth and development (GDP) of the Nigerian economy between
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