What is Economics? Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction‚ studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions
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submarines and aircrafts‚ the Navy could only build 6 battle ships and the Rhineland was to be demilitarised. Also the league of nations were to take control of German allies and colonies. When the Treaty of Versailles was signed by Germany ‘The Big Three’ were not fully satisfied with the outcome and not all were happy with peace. Georges Clemenceau was definitely not happy with the outcome and with the treaty. If it was his way he would probably make sure Germany had to repay everything with a lot
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Q-4) what does “equilibrium price and quantity sold” mean? Are markets always in equilibrium? What happens when they are not? On the supply and demand graph‚ there is one point at which the supply and demand curves intersect. This point is called the market’s equilibrium. The price at this intersection is called the equilibrium price‚ and the quantity is called the equilibrium quantity. The equilibrium is a situation in which various forces are in balance‚ so in market’s equilibrium‚ the equilibrium
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Did you know that wolves sprinting speed can be 36 to 38 miles per hour for short distances? Even though wolves can sprint quickly‚ the Big Bad Wolf was unable to catch the third pig. The three little pigs from the short story‚ “The Story of the Three Little Pigs‚” make houses to protect themselves from the Bad Wolf. Of course‚ the third Pig built his house out of a durable material - which was bricks - other than it’s siblings. Throughout the story‚ Pig is showing his true colors and traits as he’s
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One of the main causes of the stock market crash in 1929 was panic. A while before October 29‚ 1929‚ the day of the crash‚ the stock market was unsteady‚ increasing and lowering in prices. Even though people were saying that the stock market was at an all time high‚ even fortune tellers trusted in stock and it was never going to lower‚ they could have never expected one of the greatest stock market crashes in history. Investors noticed the stock prices lower so they cancelled their investment to
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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Terms and Definitions related to Economics Administered price: A price set not by the forces of demand and supply‚ but by some authority like the Government or a regulatory authority. Agenda 21: Programme of action adopted at the Earth Summit in 1992. It has 21 chapters dealing with all aspects of sustainable development‚ conservation‚ and resource management. Appropriation Bill: A bill introduced in the Parliament together with the budget‚ seeking the approval of the House to permit expenditure
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19th Century Theories 1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism. 2. A school of thought influenced by Auguste Comte’s determinism‚ and which contended that Ricardians “confined the observations on which they based their reasoning to the small
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ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE HOURS to complete this paper. You are not allowed to
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Economics Assignment Effect of Commonwealth Games on Indian Economy The Commonwealth Games (CWG) is an international multi-sport event which involves athletes from the Commonwealth of Nations. The Commonwealth of Nations which is referred to as Commonwealth was formerly known as the British Commonwealth which is an inter-governmental organization consisting of fifty-four independent member states out of which two -Mozambique and Rwanda were before a part of the British Empire. The objective of CWG
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