have to be borne. Such as manufacturers produced products will influence the third parties. Externalities can be divided into positive externalities and negative externalities. Typical negative externalities refer to the environmental pollution. For example‚ emissions of the waste water during the production and noise caused by the construction project‚ these activities will cause environmental pollution. On the other hands‚ preserve the historical heritage‚ allow the people know about the history of
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2014). Some restaurant owners indicate that prior to the reduction in Sunday penalty rates many establishments were reluctant to trade on Sundays without surcharges because of high labour costs on Sundays (Keen 2014). Using economic models and examples‚ which assume ceteris paribus‚ we will examine the main economic issues that arise from the article. These
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transformation (MRT). What is MRT? Marginal Rate of Transformation (MRT) To simplify‚ let us assume that only two goods are produced in an economy. Let these two goods be guns and butter‚ the famous example given by Samuelson. The guns symbolize defense goods and butter‚ the civilian goods. The example‚ therefore‚ symbolizes the problem of choice between civilian goods and war goods. In
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European Scientific Journal May edition vol. 8‚ No.9 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 LABOR AND BANKING SECTOR REFORMS IN NIGERIA Idowu Oluwatoyin Frederick Department of industrial relations and public administration Lagos state university‚ Ojo‚ Nigeria.. Abstract The regime of banking sector reforms leading to recapitalization and consolidation in Nigeria and the consequent merger and or acquisition of existing banks into twenty five (25) by 2005‚ and later eighteen (18) by 2012
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PHILIPPINE AIRLINES: What’s next? Philippines airlines started its history on March 15‚ 1941 on a small twin-engine Beech Model 18 flying 212 of pure skies from Manila to Baguio with a full load of five passengers. Upon the outbreak of the pacific war‚ PAL’s two aircraft were pressed into service with the US army Air Corps. Post-war operations began on February 14‚ 1946 with five ex-military Douglas DC-35. In July‚ the airline chartered DC-4s to carry American service men home to Oakland‚ making
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CASES: The California Wine Cluster‚ HBS Case: 9-799-124 ASSIGNMENTS: 1. Why has California emerged as one of the leading wine – producing regions in the world? It was Californian first vintners in California who began cultivating grapes for use in sacramental wines in the mid-to-late 1700s. In the 1830s and 1840s the first commercial vineyards were established. Vintners survived by making grape juice and sacramental or medicinal wines. 2. How was California able to upgrade from producing
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performance of the economy as a whole. Therefore‚ policies to achieve low and stable price inflation‚ a high and stable level of employment are big macroeconomics issues of our time. This essay focuses on discussing the role of government policy on reducing unemployment and inflation in relation to Keynesian and Monetarist approaches‚ including examples of impacts of expansionary fiscal and monetary policies on New Zealand economy. Fiscal policy is a demand side policy used by the government to help
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Automobile Industry Hailed as ‘the industry of industries’ by Peter Drucker‚ the founding father of the study of management‚ in 1946‚ the automobile industry had evolved continuously with changing times from craft production in 1890s to mass production in 1910s to lean production techniques in the 1970s. The Asian countries‚ mainly by Japan‚ China and India‚ registered a 9% increase in production over last year‚ constituting 35.9% of the global production. In fact China and India posted positive
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Macroeconomic Impact on Military Spending during war While spending on the war has stimulated the economy through government purchases and consumer patriotism it has had a negative macroeconomic effects through increases in the national deficient and debts used to finance the war. While the initial effect on the GDP (gross domestic product) has been positive it has started to decline. Since 9/11 the increased military spending was largely financed through borrowing which has caused a higher debt
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INDIA – MACROECONOMIC INDICATORS 1 Macroeconomics Project INDIA - Macroeconomic Indicators (2006-07 to present) Course Instructor Prof. Leena Mary Eapen Project Team PGP/15/13 Devanand Prasad PGP/15/36 Priyanka ruttala PGP/15/49 Shashikant Bapatla PGP/15/55 Sri K Srinivas PGP/15/61 Vijeta Shrivastava FPM/05/05 Janardan K Yadav FPM/05/04 Chacko Jacob INDIA – MACROECONOMIC INDICATORS 2 EXECUTIVE SUMMARY -------------------------------------------------------------------------------------------------------------------An
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