MANAGERIAL ECONOMICS ASSIGNMENT ON USING ELASTICITIES IN MANAGERIAL DECISION MAKING Pertaining to the TEXTILE INDUSTRY (Cotton garments) Submitted by: WEAVERS: Gloria D Souza Madhumitha .P Mohita.V Preeti M Prasanna Suman Sourav Rout REGAL GARMENTS manufactures ladies garments. Considering a garment of the raglan style the following regression equation has been constructed. Case 1: Gₐ = 40 – 3 Pₓ+ 1.5 I +1.2 S – 1D + 0.3M Where G = the sales of raglan garment
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INDUSTRY OVERVIEW The Indian Industry as a whole has given away a growth which is of positive but comparatively less than the previous year. For instance the Industry registered a growth of 7% in the month of April 2008 as compared to 11% growth registered in the same month of the previous year. In March 2008 industrial growth which was recorded was 3.9% the lowest in past 6 years. The growth slipped due to the sharp downfall in the manufacturing and specifically electrical sector to 7.5% and
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What do you think of Mythology? Myth means many things. To some people it means little more than a “lie”. To others it has no truth value‚ but refers to a type of story. To some it’s an ancient story that holds some importance in their life. It is an anonymous‚ traditional story that explains a belief‚ a custom‚ or a mysterious natural phenomenon. The term Myth originated from the Greek word ‘Mythos’ which means story. As time passed these narratives were believed by many people and considered
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arguments for free trade‚ discuss if free trade is fair. Prepare your academic paper that outlines the potential costs and benefits of adopting a free trade system in the textiles industry. Also discuss if government policies to reduce these costs are justifiable given the gains from free trade. Figure 1. Figure 1. In this essay I shall consider the question if free trade is fair? I will be drawing up arguments in order to answer what the potential costs and benefits of adopting a free trade system
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EXECUTIVE SUMMARY EXECUTIVE SUMMARY The textile industry is mainly a labor intensive industry as it provides livelihood to the huge population‚ mainly consist of unskilled workers‚ thus plays a pivotal role in the development of any economy. As this particular industry also comes under the basic necessities of human beings‚ it impacts a lot to the society as a whole. There has been increase in demand of textile products in last few decades globally‚ mainly due to rapidly changing social and
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Class/Group: K Assessment Title: Essay Assessment Topic: Critically evaluate claims that free trade is the most effective way to increase economic growth and global prosperity. Tutor Name: Iwona Pringle Student ID Number: 2172402 Date of Submission: 23 March‚ 2015 Essay topic: Critically evaluate claims that free trade is the most effective way to increase economic growth and global prosperity. Free trade is refer to the unrestricted export and import of products or services in international
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TEST REVISION FREE TRADE Free trade exists between nations when all obstacles to trade such as tariffs are removes Free trade occurs because of differences in the quantity and quality of resources COMPERATIVE ADVANTAGE The advantage one country has over another in the production of a particular good or service. A country has a comparative advantage if it can produce a product at a lower opportunity cost than its trading partner. AUSTRALIA KEY EXPORTS Mining- Iron Ores‚ Coal‚ Gold‚ Natural
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Indian Textile Industry The textile industry is the largest industry of modern India. It accounts for over 20 percent of industrial production and is closely linked with the agricultural and rural economy. It is the single largest employer in the industrial sector employing about 38 million people. If employment in allied sectors like ginning‚ agriculture‚ pressing‚ cotton trade‚ jute‚ etc. are added then the total employment is estimated at 93 million. The net foreign exchange earnings
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Textile Industry in India Name: Institution: TEXTILE INDUSTRY IN INDIA Introduction All industries or organizations in the world are influenced by factors such as environmental‚ legal‚ technical‚ social‚ economic‚ and political factors‚ in addition to other factors including emerging globalization‚ competitive market conditions‚ labor factors‚ and government policies. In this case‚ the paper has defined the Indian textile industry’s macro-economic environment through a PESTLE analysis. Up to
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rating agencies/ institutions and show the instruments rated and the procedures involved 41. Discuss the extent to which fundamental analysis facilitates the identification of corporate shares into growing‚ stagnating and declining companies or industries. 42. Show how
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