Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
Premium Supply and demand Economics Microeconomics
two years ago I came across an undercover video of the standard slaughterhouse practices. My heart broke. How was I supposed to go back to the way things were? Acting like I didn’t know that what I was eating came from such an immoral source. As I started researching and discovering more about the animal industry‚ I made the choice to try a quite different than the average eating habit. I went vegan. The whole process of the switch to an alternative eating style
Premium Nutrition Meat Vegetarianism
Virgin Group: Finding New Avenues for Growth Virgin is a leading international investment group and one of the most respected and recognized brands in the world. It has been one of the fastest growing companies in the world since its inception. Conceived in 1970 by Sir Richard Branson as a music mail-in service‚ the company has gone to grow as one of the largest companies in UK. Today‚ Virgin group has more than 400 companies worldwide in 34 different countries and with global
Premium Virgin Group Richard Branson
Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 5‚ 2012 www.iiste.org The Comparative Growth of Service Sectors in Bangladesh Mohammad Shahidul Islam1‚ Md. Musa2‚ Rajib Kanti Das3 1. Assistant Professor‚ School of Business‚ University of Information Technology and Sciences‚ 40/1 Jakir Hossain Road‚ Khulshi‚ Chittagong‚ Bangladesh Tel: 88-01190-955692 E-mail:shahidulislam28@yahoo.com 2. Lecturer‚ School of Business‚ University of Information
Premium Economics Industry Economy
LOGISTIC SECTOR 1 CONTENT SERIAL NO. 1. 2. INTRODUCTION INDUSTRY COMPOSITION 2.1 ROAD TRANSPORT 2.1.1 LOGISTIC COMPANIES ENGAGED IN ROAD TRANSPORT 2.2 RAIL TRANSPORT 2.2.1 LOGISTIC COMPANIES ENGAGED IN RAIL TRANSPORT 2.3 SHIPPING 2.3.1 LOGISTIC COMPANIES ENGAGED IN SHIPPING 2.4 AIR CARGO 2.5 WAREHOUSING 2.5.1 LOGISTIC COMPANIES ENGAGED IN WAREHOUSING 2.6 CONTAINER FREIGHT STATIONS/ INLAND CONTAIN DEPOTS(CFS/ICD) 2.6.1 LOGISTIC COMPANIES ENGAGED IN CFS/ICD 2.7 PORTS 2.8 COLD CHAINS 2.8.1 LOGISTIC
Premium Logistics Supply chain management
and import tariff. Import duty is the application of a duty against goods and services from a foreign supplier. It is a tax on the value of imported goods‚ which raises their price to consumers. Governments introduce tariffs to protect certain industries from competitive imports. The positive effects of import tariffs are felt mainly by local producers of the same goods‚ while the negative effects can be felt by the entire population‚ because of reduced competition and the higher prices consumers
Premium International trade Free trade Tariff
NEW INSTITUTIONAL ECONOMICS What is the difference between New Institutional Economics and Neoclassical Economics? Ans: Neoclassical Economics Neoclassical Economics is the name given to an economic theory that was developed at the end of the 19th and the beginning of the 20th Century in Europe. The main contributors to this theory were Léon Walras (1834-1910)‚ Alfred Marshall (1842-1924) and Vilfredo Pareto (1848-1923). The term was originally introduced by Thorstein Veblen in his 1900.The
Premium Economics
Are you an Uber driver and have experienced one ride where the passenger was quite intoxicated that you have no idea how to manage it all? Lucky for you‚ there might be one trick that can help you ease the tension. Uber is fast becoming the ride-hailing technology right now‚ and it would not be strange for drivers to encounter a drunken scenario. There is a trick that can tame the drunks. In Charlotte‚ North Carolina‚ the service is providing drivers a "Bop It" toy to keep their drunken passengers
Premium Alcoholic beverage Driving under the influence Drunk driving
The models of the economic growth‚ which examine the long-run rise of economy’s production capacities‚ allow specialists to have a wider outlook at the current economic problems appearing within the countries and at the international arena from the side of the whole historical process of economic development. The main concern of these models is more general and probably more important issues in economics‚ such as changes in the standards of living‚ development of scientific and technological progress
Premium Economics Economics Investment
A growth mindset entitles me to persevere‚ overcome‚ and persist through challenges which allows me to pursue academic and extracurricular achievement. There are diverse traits which set a growth mindset and fixed mindset apart. A growth mindset allows me to thrive when I learn from others and from my mistakes. I then use these thoughts to build myself and to strengthen my knowledge. With a growth mindset‚ I need to work vigorously to achieve success throughout school or in any activity. There is
Premium Education Learning Educational psychology