Role Of Mathematics in Business & Economics Introduction: Mathematics have been one of the primary elements of business and economics since ancient times‚ when farmers had to count the animals in their possession and merchants had to have a clear picture of their goods’ value. With the introduction of money as the universal legal tender‚ all goods acquired a numerical value‚ making math calculations even more important. Furthermore‚ in the competitive global market environment of today‚ businesses
Premium Mathematics Economics Business
agriculture: 36.7%‚ industry: 28.7%‚ services: 34.6% (2008 est.) Unemployment 4.1% (Q4 2012)[5] Average gross salary $457 monthly (2010)[6] Main industries World leader in gross value of industrial output; mining and ore processing‚ iron‚ steel‚ aluminum‚ and other metals‚ coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products‚ including footwear‚ toys‚ and electronics; food processing; transportation equipment‚ including automobiles
Premium People's Republic of China Economy of the People's Republic of China Economy
excess of current income over current expenditure and is the balancing item on the income and outlay accounts of producing enterprises‚ households Government administration and other final consumers. SAVINGS ‚CAPITAL FORMATION AND RISE IN GDP GROSS DOMESTIC SAVINGS {draw:frame} in 1990-91. By1995-96 it touched its peak of 24.4 and then it showed signs of some de acceleration but however it once again peaked to 29% and more from 2003-2004 and reaching up to almost 34% in 2006-2007. An analysis
Premium Investment Economics Capital accumulation
statistics from the United States‚ Norway and the Netherlands. Factors such as Health‚ Education‚ Unemployment‚ Banks‚ Prison Statistics and Wellbeing surveys must all be considered in order to determine whether the above statement is true. Gross domestic product (GDP) can be defined as the “total market value of all final
Premium Gross domestic product Economics Economic growth
growth may benefit the economy. (18) Economics growth is‚ it the short run an increase in real GDP and in the long run an increase in the productive capacity of an economy (the maximum output that the economy can produce). GDP stands for Gross Domestic Product which is the country’s production of goods and services valued at market price in a given time period. Real GDP is when these figures are corrected for inflation using a base year (The UK uses 2003 as its base year). It can be measured in
Premium Economics Economic growth Gross domestic product
INTRODUCTION Now-a-days to transport a finished goods or product via ship is very cheaper & convenient. As a result recently the industry of shipbuilding is flourished. So we want to make our FDI into a shipbuilding industry. To make a FDI we select Vietnam as our host country. Vietnam is rapidly emerging as a new center of economic growth in South-east Asia. Foreign investors seek business opportunities in both the domestic market of over 80 million potential consumers‚ and in low cost
Premium Gross domestic product Ship Shipping
JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY ARUSHA CAMPUS INDIVIDUAL ASSIGNMENT PROGRAMME: BACHELOR OF COMMERCE UNIT NAME: INTRODUCTION TO MACROECONOMICS UNIT INSTRUCTOR: THOMAS MAHUNDA UNIT CODE: HBC 2211 ACADEMIC YEAR: 2012/13 SEMESTER: 1 PARTICIPANT: * MROKI‚ Evans Determination of National Income by the Equality of Saving and Investment Method: Definition and Explanation: This approach is based on the Keynesian definitions of saving and investment. According to Keynes
Premium Gross domestic product Supply and demand Aggregate demand
References: Ilugbuhi‚ T.O. (1974)‚ Nigeria’s Experience in Domestic Financing of Development Research Memo Series Institute of Administration (Zaria: ABU) of Finance and Economics ISSN 1450-2887 Issue 54 (2010) EuroJournals Publishing‚ Inc http://www.eurojournals.com/finance.htm Akinnifesi‚ E.O.(1978)‚ ‘The Determinants
Premium Public finance Macroeconomics Economics
Institutional Investment (2010) Event 2: Dutch government falls over mission in Afghanistan (Febr.2010) Event 3: About the Dutch mission in Afghanistan (Febr.2010) A great deal has been achieved since 2001‚ but there is still a long way to go Value gross domestic product (GDP) | (bln euro) | 595.9 | 572.5 | 585 | 606 | Source: Netherlands Bureau for Economic policy Analysis (2010) A3: Main trading Partners Source: Official Statistics for the Netherlands (2010) A7: Growth rate jobs and economic growth Source:
Premium Netherlands European Union Gross domestic product
US‚ was the fact that South Korea’s export to the United States increased by 12% in the first year (worth $5.4 Billion). On the negative side‚ the Korean agricultural industry declined drastically‚ as it’s now cheaper to import certain products such at animal products (meat) from the US instead. This didn’t necessarily push the Korean meat industry out of the market‚ but instead it created incentives so they are more competitive‚ resulting in cheaper meat for the consumer in the end‚ whom ultimately
Premium Economics International trade Economic growth