The Role of Agriculture in Indonesia Economic Development Indonesia can be categorized as an agrarian nation‚ where the role of agriculture in Indonesia economy really significant. Agriculture sector in Indonesia has a role in: (a) providing job opportunity for the majority of labor force‚ (b) producing foods for the nation‚ (c) raw material producer for industrial sector‚ and (d) strengthening food security and rural development. The role of agriculture becomes more important when Indonesia
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the other hand‚ development is a multi-purpose and multi-disciplinary term. It can be defined as‚ “A multi dimensional process that involves the quantitative increase in wealth and qualitative changes in the economy through improved technology‚ better utilization of natural resources and better social division of labour.” (Lipalile page 10). Development today is used mostly to describe growth in an economic sense. However from the above definition it is apparent that development is not limited to
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What Role has the Insurance industry In Economic development? The insurance industry has come a long way from ship owners‚ merchants and underwriters gathering in Edward Lloyd’s coffee house in London to discuss their marine voyages to new colonies of the British Empire. Over the years‚ Insurance has become essential in our everyday lives. Something we just can’t live without. Our Economics and Societies are growing phenomenal rates and have become more and more interconnected on the rest of the
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Role of capital market in the context of development of nation What is Capital Market? Institutional arrangements for facilitating the borrowing and lending of long term funds. INVESTORS IN CAPITAL MARKET Role of capital market Capital Formation Economic Growth Development of backward area Generates Employment Long Term Capital to Industrial Sector Generation of Foreign Capital Developing Role of Financial Institution Investment Opportunities Capital Formation Rate of capital
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MOMENT OF A COUPLE Today’s Objectives: Students will be able to a) define a couple‚ and‚ b) determine the moment of a couple. APPLICATIONS A torque or moment of 12 N · m is required to rotate the wheel. Which one of the two grips of the wheel above will require less force to rotate the wheel? APPLICATIONS (continued) The crossbar lug wrench is being used to loosen a lug net. What is the effect of changing dimensions a‚ b‚ or c on the force that must be applied? MOMENT OF
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The Role of Agriculture in the Economic Development of Bangladesh Muhammed Nazmul Islam Economic Portrait of Bangladesh After December 1971 Bangladesh was expected to be a prosperous economy by eradication of poverty & utilization of political freedom to avail economic liberation. With great ambitions in eyes & high responsibilities on the shoulder‚ Bangladesh reached to the 20th century with some achievements & lots of disappointments. In past 20 years (1990 to 2009) the Gross Domestic Product
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SOCIO-ECONOMIC PROBLEMS OF PAKISTAN Outline: •Introduction Pakistan is a resource rich country but due to incompetent politicians‚ strong generals‚ weak judiciary‚ conservative Ulemas and controlled media‚ it is facing socio-economic‚ political and religious challenges. • Problems Faced By Pakistan At The Time Of Inception From its very inception‚ Pakistan faced a large number of problems. Some of the initial difficulties were 1. Choice of Capital and Establishment of Government
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significant rigging in places. This stranglehold is fast being diluted. The first effort of developing a viable progressive alternative government was in the 1964 elections with the formation two political groupings (formative two party system) Nigerian National Alliance (NNA) and the United Grand Progressive Alliance (UGPA) which failed miserable to win the election due to partial boycott‚ widespread rigging and clandestine manoeuvrings of the incumbency. Such as the imposition of State of emergency
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Role of Commercial Banks in Economic Development According to Kent: “An organization whose principal operations are concerned with the accumulation of the temporarily idle money of the general public for the purpose of advancing to others for expenditure.” Various economists have different views about the role of commercial banks in economic development. Schumpeter says‚ “It is the banking system which serves as a key agent along with the entrepreneur in the process of economic development”
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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
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