objectives with the framework of free-market principles. These objectives are: ·The ECB is completely independent of the institution of the Union and member state governments. ·It has got political independence‚ in which consists of free-market notion that the main danger to financial stability is not the activities of market agents but the workings of elected governments‚ which makes necessary an independent check on public spending. ·The ECB is given the responsibility for avoiding the inflationary finance
Premium Central bank Inflation Monetary policy
Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit
Premium Audit Auditing External auditor
Within the languages of the world lie an abundance of linguistic tools to express meaning and ideas. This inherent variability in is a fundamental and defining characteristic of language. Individually‚ each language possesses a spectrum of various registers which branch from the substrate and each are assigned distinctive linguistic features and guidelines. The processes by which formal and dialectical languages are produced and applied are defined by many varying conditions. As speakers‚ we call
Premium Linguistics Sociolinguistics Barack Obama
| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
Premium Inflation Minimum wage
Fixed Costs‚ Variable costs‚ and Break Even Point Elizabeth Gaud HSM /260 August 21‚ 2011 Stephanie Koontz Fixed Costs‚ Variable costs‚ and Break Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? Answer:
Premium Fixed cost Variable cost Costs
References: 1. Sexton‚ Robert; Fortura‚ Peter (2005). Exploring Economics. "This is the sum of the demand for all final goods and services in the economy. It can also be seen as the quantity of real GDP demanded at different price levels." 2. ^ O ’Sullivan‚ Arthur; Steven M. Sheffrin (2003). Upper Saddle River‚ New Jersey 07458: Pearson Prentice Hall. pp. 307. 3. Australian Bureau of Statistics‚ Concepts‚ Sources and Methods‚ Chap. 4‚ "Economic concepts and the national accounts"‚ "Production"‚ "The production
Premium Gross domestic product Supply and demand Aggregate demand
2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
Free Economics Macroeconomics Unemployment
Chapter 1: Introduction to Managerial Economics 1 Introduction to Managerial Economics CHAPTER SUMMARY Managerial economics is the science of directing scarce resources to manage cost effectively. It consists of three branches: competitive markets‚ market power‚ and imperfect markets. A market consists of buyers and sellers that communicate with each other for voluntary exchange. Whether a market is local or global‚ the same managerial economics apply. A seller with market power will
Premium Economics
SOURCES OF REVENUE IN KINONDONI MUNICIPAL AND EDUCATIONAL BUDGETARY ALLOCATION IN SECONDARY SCHOOLS. A project prepared in partial fulfillment for EA: 606 “Economics of Education and Financing” FADHILI‚ Madaga M.E.d. Management and Administration (Candidate) 2012/2013 Department of Educational Management and Life Long Learning University of Dar es salaam E- mail: madagafadhili@yahoo.com ABSTRACT. This project‚ critically reviews the sources of revenue at Kinondoni Municipal
Premium Dar es Salaam
ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development‚ improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth‚ a stronger economy‚ and pro-people system of governance‚ Writes M S Siddiqui Economic development generally refers to sustained and concerted actions‚ taken by the policy-makers and communities‚ which promote the standard of living and economic health
Premium Law Economics Governance