COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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will also be able to flow with the constant change that goes on in the work place. He or she will be determined to get results for the employer and the customer. A victorious team will have a leader with quality character to overcome obstacles. What is character? The Merriam Webster dictionary defines character as‚ “the good qualities of a person that usually include moral or emotional strength‚ honesty‚ and fairness”. From the beginning of time‚ people have had the example of negative and positive
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Population of China and its impact on future economy and society of China- A Demographic comparison with India Ved Prakash‚ M.Sc. Mathematics‚ Indian Institute of Technology‚ Kanpur Abstract: China had a population of just 694‚581‚759 in the year 1964 and a GDP measure of216462 Million US Dollar in 1978.But today China has a population of 1.34 Billion and a GDP of 7321508 Million US dollar. Population explosion in China was an outcome of high economic growth as well as a reason of heavy profits
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1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies‚ cultures‚ and regionaleconomies integrate through a worldwide network of political ideas throughtransportation‚ communication‚ and trade. Generally‚ globalization has affected manynations in various ways; economically‚ politically‚ and socially. It is a term that refersto the fast integration and interdependence of various nations‚ which shapes the worldaffairs on a global level. Globalization
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Essay Although the rate of teenage pregnancies in America has dropped in recent years‚ it is still significantly higher than our counterparts in the world. Do teenagers in America have more sexually active lives than teens in other countries? No‚ in fact‚ studies show that teenagers in Europe have more active sex lives than teens in America. So what is the root cause of this epidemic? There are many; ones that society can and cannot control. Some of these problems are a no-brainer fix‚ while others
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HOW CAN WE HELP OR PREPARE OUR STUDENTS TO FACE THE CHALLENGES OF ASEAN INTEGRATION? ASEAN integration presents both opportunities and challenges in the Philippines. Many Filipino students have already expressed their fear of not being able to find jobs after graduation. The problems lie largely in the education system. Despite notable progress in the past decades‚ the quality of education in the Philippines still lags behind its ASEAN neighbors. A number of structural problems continue to plague
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search of possibilities to exploit and accumulate‚ through whatever means possible‚ be they be legal or not‚ be they moral or immoral. The centre of gravity of this all-round economic crisis has been the advanced capitalist countries of the North‚ but with even more devastating impacts for the countries of the South. World unemployment stands today at 210 million - the highest recorded level of unemployment in history; 64 million more people have been pushed into extreme poverty; 34 million more
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Report 2013 Growth and Jobs in a Hyperconnected World Beñat Bilbao-Osorio‚ Soumitra Dutta‚ and Bruno Lanvin‚ Editors Insight Report The Global Information Technology Report 2013 Growth and Jobs in a Hyperconnected World Beñat Bilbao-Osorio‚ World Economic Forum Soumitra Dutta‚ Cornell University Bruno Lanvin‚ INSEAD Editors @ 2013 World Economic Forum The Global Information Technology Report 2013 is a project within the framework of the World Economic Forum’s Global Competitiveness and Benchmarking
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ECONOMIC HISTORY Only study guide for ECS2608 J. Inggs Department of Economics University of South Africa Pretoria © 2012 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk‚ Pretoria Page-layout by the Department ECS2608/1/2012-2014 iii ECS2608/1/12-14 Contents ECONOMIC HISTORY OF THE WORLD Important topics and specific national examples between the two World Wars Chapter Page 1 HOW THE STUDY GUIDE
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What Drives Political and Economic Development in Ancient Civilizations? Compared to present-day civilizations‚ civilizations of the past depended much more on its physical surroundings. Because transporting goods required lots of time and manpower‚ it was expensive. Thus‚ the characteristics of many civilizations were dependent on the physical environments and natural resources that were easily accessible. Clearly‚ a civilization centered on a river has major advantages over one that is not
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