Chapter III CAPITAL AND ECONOMIC DEVELOPMENT Almost all economists lay emphasis on capital formation as the major determinant of ED. Capital is a man-made factor of production. It is the one of the essentials of development found in the form of liquid cash‚ raw materials‚ tools machines‚ building etc. Deficiency of capital is the basic characteristic of UDCs. It is not possible to raise the level of productivity unless more capital is made available. Hence it is useful to study
Premium Economics Capital accumulation Investment
Nottingham University Business School MBA Programme BUSINESS ECONOMICS (N14M79) A CASE STUDY ON THE CHALLENGES FACED BY THE TOURISM INDUTRY OF NEPAL NAME: Trishakti‚ J.B. Rana; Student ID: UNIMKL-012016 Word Count: 2190 (Excluding Executive Summary) EXECUTIVE SUMMARY As a poor developing nation‚ Nepal faces many challenges and opportunities. It has just emerged from a decade long civil war and emerged as a Federal Democratic Republic in 2008. Tourism industry
Premium Tourism
ECONOMIC GOALS: Five conditions of the mixed economy‚ including full employment‚ stability‚ economic growth‚ efficiency‚ and equity‚ that are generally desired by society and pursued by governments through economic policies. The five goals are typically divided into the three that are most important for macroeconomics (the macroeconomic goals of full employment‚ stability and economic growth) and the two that are most important for microeconomics (the microeconomic goals of efficiency and equity)
Free Economics Macroeconomics Unemployment
Throughout 1607 to 1750 colonies in Massachusetts and Virginia were being settled and growing. These two states grew up very different from each other in aspects such as their economic development and it’s affect on their politics. In 1607‚ Jamestown in Virginia was the first permanent English settlement. It was in the Chesapeake Bay area. The people abroad the ships had ideas in their heads of digging and mining to find ways of obtaining gold‚ silver‚ and copper. It was their incentive to
Premium United States Thirteen Colonies Massachusetts
The Misconceptions of "Development Economics" The main idea in this article is how much and what kind of government intervention should take place in developing countries. Some believe lassez-faire is the solution‚ while many believe a dirigiste dogma government is needed. There are also ways of reducing poverty and distributing assets in order for countries to become more developed. Lassez-faire will only work efficiently if perfect competition is present. This is very unlikely to happen
Premium Wealth Distribution of wealth Economics
Iran is a country which is currently going through a stage of metamorphosis. It could be said that Iran’s political and economic landscape is changing and hopefully for the better. The previous President Mahmoud Ahmadinejad was a political hardliner and a staunch critic of the Western Powers whereas Hassan Rouhani‚ the newly elected President is a diplomat and as willing to open talks with Western Countries over the pressing issue of Nuclear Proliferation. Hassan Rouhani has previously held the position
Premium Nuclear weapon Iran
Economics and the Role of the Retiree Paper May 31‚ 2015 HCS/557 Social and Cultural Aspects Aging Professor Andrea Wright-Valdez Economics and the Role of the Retiree The present economic influence in the United States has forced the role seniors and those in younger age groups to make modifications to their retirement strategy. For the nurse’s in this country with the economic status currently and current retirement plans‚ they may need to make an alterations in their retirement plan
Premium Pension Retirement
Economics and the Role of the Retiree Diedre Brown HCS 557 March 9‚ 2015 Dr. Lorraine Jackson Economics and the Role of the Retiree The significance and understanding of aging is influenced by many factors both social and cultural. These factors influence and shape how we will live out our senior years. The decisions we make concerning the aging processes determine how our senior retirement years will be spent‚ and the type of life style we will be able to have. By looking at the current economic
Premium Pension Retirement
The economic role of women Social status of every person depends on position society. Social status is determined by social being a system of education‚ activities‚ ideals‚ values and goals of the individuals‚ the needs of society to the individual‚ the nature of state policy and state ideology. Proportion of the women rise‚ and this day they don’t spend enough attention the household. In many countries‚ women are the majority of workers in terms of non-standard work‚ such as temporary‚ casual
Premium Sociology Gender role Employment
THE ROLE OF ASSUMPTIONS IN ECONOMICS If you ask a physicist how long it would take for a marble to fall from the top of a ten-story building‚ she will answer the question by assuming that the marble falls in a vacuum. Of course‚ this assumption is false. In fact‚ the building is surrounded by air‚ which exerts friction on the falling marble and slows it down. Yet the physicist will correctly point out that friction on the marble is so small that its effect is negligible. Assuming the marble falls
Premium Economics