influencing economic growth through a number of channels. The contribution that monetary policy makes to sustainable growth is the maintenance of price stability. Since sustained increase in price levels is adjudged substantially to be a monetary phenomenon‚ monetary policy uses its tools to effectively check money supply with a view to maintaining price stability in the medium to long term. Theory and empirical evidence in the literature suggest that sustainable long term growth is associated with
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or for that matter what happened in Latin America and Russia subsequently and also Dubai Crisis have shown how a fragile financial sector can wreak havoc on the rest of the economy. Therefore the banking sector is crucial and we want to express our views to explore how this sector can work in harmony with the real sector to achieve the desired objectives. the b Banking sector has been immensely benefited from the implementation of superior technology during the recent past‚ almost in every
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Historical Cost Concept What is historical cost? Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term historical cost helps to distinguish an asset’s original cost from its replacement cost‚ current cost‚ or inflation-adjusted cost. For example‚ land purchased in 1992 at cost of $80‚000 and still owned by the buyer will be reported on the buyer’s balance sheet at its cost or historical cost of $80
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To what extent is economic growth beneficial for global economies? Economic growth is defined as the expansion of the productive capacity of an economy. An increase in resources causes an area to produce more goods or services in a given period of time – as shown on a production possibility frontier (PPF) diagram‚ where the curve shifts outwards. The PPF is a curve showing the maximum combinations of goods and services that can be produced in a given period with available resources. The improvement
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RAD (Rapid Application Development) refers to a development life-cycle designed to give much faster development and higher-quality results than those achieved with the traditional life-cycle "Rapid Application Development is a software development process developed initially by James Martin in the 1980s. The methodology involves iterative development‚ and the construction of prototypes. Traditionally the rapid application development approach involves compromises in usability‚ features‚ and/or execution
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Reflective Account Moving & handling One day I was ask to transfer Mrs X from bed into wheelchair. Mrs X is paralised so to transfer her a full body hoist is needed. I had to call for help‚ it wouldn’t be safe to do this by myself. So while I was waiting for the other carer to arrive I have explained to Mrs X what and how we are going to do it. I have also cheked the hoist and battery if its fully charged and operational. I put right size sling on Mrs X with her cooperation. I carefully
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Causes of recent declines in biodiversity The major causes of biodiversity decline are land use changes‚ pollution‚ changes in atmospheric CO2 concentrations‚ changes in the nitrogen cycle and acid rain‚ climate alterations‚ and the introduction of exotic species‚ all coincident to human population growth. For rainforests‚ the primary factor is land conversion. Climate will probably change least in tropical regions‚ and nitrogen problems are not as important because growth in rainforests is usually
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frustrating to have to waste precious class time re-teaching and reviews things that students have already learned‚ but forgot? Year- Round school will be simple‚ yet beneficial solutions to these problems. For many reasons‚ a year rounded school schedule would be a great leap forward for education systems of America which are lacking compared to schools across the world year- round. Year-Round education would improve student retention‚ ease transition‚ refresh students and help them achieve better‚ address
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The development of the British Empire during the given years was dependent on a number of factors: war‚ the involvement of the government in national affairs‚ the navy and trade. The most influential of these factors in my opinion‚ was the role of the Navy‚ as it served as the force used by Britain to fight her battles and protect British trade. At a time‚ the British Empire owned around 25% of the world’s land‚ and at its peak was the largest empire in world history. It is undoubtable that trade
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References: Hendriksen‚ Eldon‚S. (1990). Accounting Theory‚ 4th ed.‚ Richard D. Irwin Inc.‚ Illinois Littleton‚ A.C.‚ (1985) Schroeder‚ R.G.‚ Clark‚ M.W.‚ & Cathy‚ J.M.‚ (2001). Financial Accounting Theory and Analysis: Text Readings and Cases‚ 7thEd.‚ John Wiley & Sons‚ Inc . Statement
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