destinies and the boom in the 1960s‚ with its growing demand for the supply of raw materials further heightened anticipations of prosperity. But these hopes were sunk in the early 1970s as African economies experienced deep pervasive and continuous economic crisis that completely stagnated most of the economies as the foreign and internal debts rose‚ unemployment rates skyrocketed‚ and shortages of consumer goods stung. This is where colonial masters and fellow imperialists stepped in through their ‘brain
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What is the role of an entrepreneur in economy and society Introduction Entrepreneur is a hot topic for both academic scholars and people ambitious for business success. They are a group of persons who can significantly influence many aspects of economy and society. This paper will critically discuss the role of entrepreneurs by examining their contributions to the economy and society‚ using examples from various articles on the topic. Starting by defining the entrepreneurs to be discussed
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In a free market economy‚ individuals are free to make their own economic decisions. Consumers are free to decide what to buy with their incomes: free to make demand decisions. Firms are free to choose what to sell and what production methods to use: free to make supply decisions. The demand and supply decisions of consumers and firms are transmitted to each other through their effect on prices: through the price mechanism. The prices that result are the prices that firms and consumers have to accept
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Flag of Philippines There are three fields on the Philippine flag. The white equilateral triangle is on the hoist side‚ a band of blue at the top‚ and a band of red at the bottom. An eight rayed yellow sun at the center of the triangle. A small five pointed star is located at each corner of the triangle. General Emilio Aguinaldo‚ who the first President of the Philippines and a leader in the revolution against Spanish rule for Philippine‚ designed the Philippine flag. He did this while in exile
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What is the current role of the BRIC economies in the global economy? Introduction The importance of the BRIC countries to the global economy has increased because of the high economic growth rates in China‚ Brazil‚ India‚ and Russia. A forecast has been made shows that the BRICs would account for 37% of economic global growth during the period 2011-16 which would increase the BRIC share of global output from 19% to 23% (Goldman‚ S. (2004). However‚ the proportion of global output produced
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Tourism in the Philippines Tourism in the Philippines is a major economic contributor to the Philippine economy. The Philippines is an archipelagic country composed of 7‚107 islands. It offers a rich biodiversity with its tropical rainforests‚ mountains‚ beaches‚ coral reefs‚ islands‚ and diverse range of flora and fauna‚ making it as one of the megadiverse countries in the world. In 2012‚ the country attracted 4‚272‚811 visitors. History Philippine tourism flourished in the 1970s and early
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BUSINESS IN THE INTERNATIONAL ECONOMY ASSIGNMENT – 1 PART – A 1. If demand price elasticity measures 5‚this implies that consumers would: Ans: 2. Economic profit is: Ans: 3. In the long run‚ a monopolistic competitive firm will operate at a price that: Ans: 4. Which of the following would NOT be considered an example of foreign direct investment (FDI)? Ans: 5. In terms of international business‚ market globalization can be viewed as a ------------. Ans: 6. Which of the following statements
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Apple Growth: Tesco (a British company) has grown in a number of ways; Tesco is now an international business; as well as operating in the UK‚ it has stores in the rest of Europe and Asia 12 countries altogether providing around 2‚318 stores worldwide! Operating under four banners; Tesco extra‚ superstore‚ metro and express. They have also developed in a number of ways; now not only do they sell groceries but they now sell fresh foods‚ clothing‚ toys‚ Insurance‚ household and electronic goods
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established‚ how the people welcoming the idea of having such service through the network and will discuss if Webvan achieved the goals or did it made any profit from its business‚ why they didn’t success and the reason for failed these companies. Webvan was the name of a company and they were doing online grocery delivery business. In 1996 webvan started grocery delivering services it offered customers the convenience of shopping from home and having their purchases delivered within a 30 minutes
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to the area of what is now the La Trinidad Valley. Benguet is a native term which refers to a lake where water does not drain‚ referring to the former swamp area in the valley where no natural drainage existed. 4 Revolutionary Period (1989-1990) The Philippine insurrection of 1896 against the Spaniards reached Benguet by middle of 1899. The Katipunan came to Benguet‚ united the Ibaloys and established the Benguet Province under the Government of the Republic of the Philippines. 5 American
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