of social and economic groupings in the world today. 40 Marks Contrary to popular belief‚ the world is not only separated into countries and continents‚ the world can also be separated into groupings that work to protect and enhance their economies‚ their level of development and also the social status of their home. The European Union‚ NAFTA and the World Trade Organisation are all examples of these groupings. One of the primary reasons for the introduction of social and economic groupings was
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0.8MPa and 0.015 m3. It expands quasi-statically at constant temperature to a final volume of 0.030 m3. The work output (in kJ) during this process will be (A) 8.32 (B) 12.00 (C) 554.67 (D) 8320.00 1 © All rights reserved by GATE Forum Educational Services Pvt. Ltd. No part of this booklet may be reproduced or utilized in any form without the P age 1 of 13 written permission. Discuss this
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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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The Japanese economic miracle is divided into three main parts: the conditions following the war that allowed the miracle to take place‚ the factors which contributed to the miracle‚ and the aftermath of the miracle in modern times. End of World War II World War II ended in August of 1945‚ when the United States unleashed its’ new tool of destruction; the nuclear bomb. On August 6‚ 1945 the United States dropped the first nuclear bomb on Hiroshima‚ 80‚000 people were killed and almost the entire
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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most infamous wars that involved Europe was World War I‚ and the scale of the war shocked Europe along with the rest of the world. World War I had many economic‚ social‚ and political causes‚ and many things happened because of this war. Nations fought in this war to solve many of the issues that caused it‚ but it did a poor job of actually solving those problems. World War I had many causes that were either economic‚ social‚ and political. The main economic cause of the war was the practice of imperialism
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regarding brain drain appear to be rooted in the unequal economic development of the emigration and immigration countries. Push Factors Agha Khan Medical University conducted study about the brain drain of (doctors) from Pakistan. As per research 95% of the students of AKU and 65% students of BU want to emigrate due to poor salary in Pakistan along with poor quality of training and work environment. Syed Jafar Askari viewed terrorism and economic crises are the main factors which forced the highly qualified
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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Strategic responses in the recession…………………………………………………7 6. Conclusion………………………………………………………………….……….9 7. Bibliography…………………………………………………….…………………10 1. Introduction The economic crisis that shook the international markets had mixed reactions in the companies. Some were flat‚ hoping to improve the scenario. Others decided to go for innovation in search for new business areas. With proper planning and strategies‚ now envision
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Managerial Economics Final Project Fajwa’s Apparel Outlets Iqra Fayyaz (10223004) Malik Usman Khan (10223001) Sufyan Adil (10223024) Jabbar Ahmed(10223006) Mohd. Salman (08110104) Instructor: Dr. Tasneem Akhtar GIFT Business School GIFT University ACKNOWLEDGMENT In the name of ALLHA ALMIGHITY the lord of the world who has bestowed us with abilities and blessed with knowledge so that we can make best of opportunities provide to us. First of all we are indebted toward ALLHA ALMIGHTY
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