investments of their owners. This is done through the social and economical role of a business. Economic roles are concerned with the financial impacts that the activities of a business have on various groups in the business environment. The economic roles are wealth creation‚ employment and innovation. Social roles are focused on the impacts of a business on the community. Social Roles are entrepreneurship‚ choice and quality of life. Economic roles are important for a business as they can increase
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brac ngo Chapter 23 - The role of nongovernmental organizations in extension John Farrington John Farrington is an agricultural economist and Director of the Rural Resources and Poverty Research Programme at the Overseas Development Institute in London. NGO characteristics Examples of potentially replicable NGO-GO interaction What extension services can do to further collaborate with NGOs Conclusions Notes References In recent years‚ many observers have suggested that agricultural
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ROLE OF BANKS First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity and bond markets‚ the corporate sector depends heavily on banks to meet its financing needs. Finally‚ in emerging markets such as India‚ banks cater to the needs of a vast number of savers from the household sector‚ who prefer assured income and liquidity and safety of funds‚ because of their inadequate capacity to manage financial risks Definition
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Role of Commercial Banks in the Economic Development of a Country: Commercial banks are one of the three primary agents which help circulating funds in the market. Commercial banks provide loans and corporate bonds to the households‚ new start ups and small medium enterprises to run their businesses. It also obtains money from the households and invests that money to other profitable investments. The money held as customer account then accrues interest which is given to the customer in the form
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Commercial banks have played a critical role in the economic development of a country. Now a day’s commercial banks are important not just from the point of view of economic growth‚ but also financial stability. In emerging economies‚ commercial banks are special for three important reasons. First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity and bond markets‚ the corporate sector depends heavily on banks to meet
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Role of Information Technology (IT) in the Banking Sector Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies‚ which is being perceived as an ‘enabling resource’ that can help in developing learner and more flexible structure that can respond quickly to the dynamics of a fast changing market scenario. It is also viewed as an instrument of cost reduction and effective communication with
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ID : 1613946 CLASS: TUTORIAL 13 (12339) Banks play a central role in the economy‚ they create and maintain the flow of money between surplus and deficit unit and by this facilitate the process of production‚ distribution‚ exchange and consumption of wealth. If there were no bank activities‚ a large of amount of capital of the economy would be idle. Hence‚ banking activities are vital for the development of an economy. Another function of the bank is risk spreading. They transform risky asset
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Introduction To Social Business Social business is a cause-driven business. In a social business‚ the investors/owners can gradually recoup the money invested‚ but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company‚ no personal gain is desired by the investors. The company must cover all costs and make profit‚ at the same time achieve the social objective‚ such as‚ healthcare for the poor‚
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who has helped and supported us significantly in different stages during working on this report. E x e c u t i v e S u m m a r y We made our marketing plan for BRAC SOLAR PANEL which is a sister concern of BRAC. BRAC SOLAR PANEL is being launched by BRAC‚ and is promoted through this two month long campaign‚ starting from May 1‚ 2012 BSP is solar housing system which can be used for running most of the daily electronics equipment. BSP is totally different
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Assess the role of social and economic groupings of nations in the world today. (40 marks) Social and economic groupings can provide substantial benefits for their members: political unity and strength‚ greater economic security‚ and wider cultural integration. It is therefore unsurprising that many countries seek membership to these organisations. However some economists note that there can often be clear power disparities between their members‚ and inequalities in the actual benefit gained from
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