which is usually measured by the Consumer Price Index (CPI)”. In the context of market economy‚ prices are showing the application so it can be said that inflation is caused by a “mismatch” between aggregate demand and aggregate supply‚ signaling economic imbalance. However‚ in its complexity‚ inflation is a monetary imbalance caused by increasing the amount of money in the economy and hence the declining purchasing power of the currency. Ludwig von Mises explained the phenomenon using the example
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Economic development in New Zealand ! HDI Life expectancy GDP per capita PPP Literacy rate Mean years of schooling 2010 0.907 80.40 years $25‚293 99% 12.4 years 2013 0.919 80.82 years $25‚689 99% 12.5 years ! The Human Development Index (HDI) is a composite statistic of life expectancy‚ education‚ and income indices used to rank countries into four tiers of human development. From the year 2010 to 2013‚ New Zealand’s HDI has gone up
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Authoritarian Government and Economic Development Abstract: The purpose of this study is to examine the correlation between economic development and authoritarian governments. The objectives of this study are to find out whether authoritarian governments an impediment to economic growth and how the authoritarian governments are performing economically compared to the developed democratic nations. The study was conducted using a quantitative approach. In the first part of the study questionnaires
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ENGINEERING ECONOMICS ASSIGNMENT 1 ECONOMIC DEVELOPMENT AND ITS IMPACT ON SCIENCE Ananthtejas R 09CO12 Economic development Economic development is a broad term that generally refers to the sustained‚ concerted effort of policymakers and community to promote the standard of living and economic health in a specific area. Such effort can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social
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serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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SOCIO-ECONOMIC DEVELOPMENT The GUIDE December 2003 Tavistock Institute in association with: GHK IRS CONTENTS INTRODUCTION 1 PART 1 THE CONTRIBUTION OF EVALUATION TO SOCIO-ECONOMIC DEVELOPMENT 5 1.1 THE BENEFITS OF EVALUATION 5 1.2 INTRODUCING EVALUATION: HISTORY AND PURPOSE 10 1.3 METHODS AND THEIR ROOTS 17 1.4 EVALUATION TO STRENGTHEN SOCIO-ECONOMIC DEVELOPMENT 24 1.5 GOLDEN RULES 35 PART 2 DESIGNING AND IMPLEMENTING EVALUATION FOR SOCIO-ECONOMIC DEVELOPMENT 38
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The financial markets are types of markets designed for the creation and disposition of financial assets. There are two sections of the financial markets in Nigeria‚ namely: money market and capital market (Central Bank of Nigeria-CBN‚ 2004; 2007). A financial asset is created when one party in exchange for cash issues a receipt of acknowledgement which entitles the holder a claim of pecuniary nature against future interests of the issuer. Financial assets fall into three general categories namely:
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POPULATION 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
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Journal of Economics 11 : 1 (Summer 2006) pp. 19-34 Trade Liberalization and Economic Development: Evidence from Pakistan Bushra Yasmin‚ Zainab Jehan‚ Muhammad Ali Chaudhary* Abstract Unrestricted trade stimulates economic growth and bridges socioeconomic gaps existing in different countries of the world. Pakistan has adopted trade liberalization policies since the late 1980s with the same expectations. This study has empirically analyzed how trade liberalization has affected economic development
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just about anything delivered and in the time frame you want it delivered in. There are many factors that factors that are driving the transportation industry‚ we are going to look at what the trend and outlook for the transportation industry looks like for the next three years and also look at how Fuel and Government regulations are affecting the transportation industry. Fuel prices‚ the economy and government regulations are the major deciding factors that will determine the strength or weakness
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