CHAPTER VII SUMMARY AND CONCLUSION Even aHer 55 years of planned development‚ India has not succeeded to solving the basic problems of the Indian economy. The rate of poverty and unemploynnent is increasing even after we completed 9 five year plans. ’l ’hough government of India launched various poverty alleviation programmes they have not benefited properly the people who were targeted. As P.C. Maholonobis once stated as a "result of economic planning rich became richer and poor
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Essay – Our Economy The economy is consists of many factors which related to everyday life. It is the financial condition of the different sectors of the country and the world. These factors include the economic links‚ business cycle‚ interest rates‚ inflation and exchange rates. Money flows circularly through the modern economy. The macroeconomics model tells us that the level of economic activity is all depended on normal regular incomes and consumption which makes up the two sectors‚ firms and
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Post-war Afghan Economy How National is the National Development Framework By SIBA SANKAR MOHANTY Afghanistan occupies a central significance in South Asia owing to its geo-strategic location and natural resources-but is considered as one among the poorest countries in the world. Being a small‚ land locked and poor country with around 85 percent of its population depending on agriculture‚ and its socio-economic structure being influenced in every respect by external forces for more than twenty
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almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability. The crisis initially affected advanced economies and then its contagion spread
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Command Market Introduction Globally‚ there are at least 4 well known economy systems that are used by countries around the world. They include the traditional market‚ free market‚ command market and mixed market. Certainly‚ the way government policies work and their influence on the economic growth of their country vary depending on which economic system is used. It is also important to note that these different systems of economy management have their own distinct advantages and disadvantages as well
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A market economy is known as a "free market economy". It is controlled by the law of supply and demand which in return will determine the price of services and goods. In a market economy the exchange of goods‚ services‚ and information take place in a freely according to the supplier and the buyer. Which means the entire market is merely driven by the sellers and the buyers with very few government regulations. The positive on this type of economy is sellers can sell according to the demand
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Emerging Economies and Globalization Argosy University October 29‚ 2013 Emerging Economies and Globalization Multinational corporations (MNC’s) are consistently looking for new unsaturated markets to tap into in optimisms of expanding their business and capitalizing on future industry trends. General Electric Healthcare (GEH) is one of these MNC’s trying to capitalize on the incessantly rising healthcare industry. In 1878‚ Thomas Edison founded General Electric (GE)
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government is a multi party democratic regime headed by a popular elected president. Those are the simple facts of this small island‚ but whats more important is how much GDP has grown and produced ‚ inflation and unemployment rates‚ major goods and services‚ fiscal and monetary policies. Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend‚ some large‚ government-owned banks and industrial firms
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will drastically affect the balloon economy. For me to further elaborate my point‚ let us imagine a balloon. Not an inflated one‚ but a new one that you just bought from a store. This deflated balloon is still so small that I cannot appreciate its beauty as a balloon. So I put more air in it and it grows to a considerable size. Imagine that the balloon is the economy‚ and the air inside it is the money circulating in the economy. If we put more money in the economy (through making debts or printing
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Philippines in global map From WEF “Global Competitiveness report 2012-13”‚ key performance indices of Philippines in a global scale is analyzed below: [pic] 0.5% of world-wide GDP share implies Philippines is really an insignificant player in world economy in terms of economic output‚ and 95 millions population‚ about 1.5% of ~7 billion world population‚ means current productivity level is only one third of world average. This is a typical characteristic of developing Asian countries‚ i.e.‚ high population
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