Question: Examine the importance of the slave trade to the development of the plantation economies. The slave trade was vital to the development of plantation economies‚ which could only expand and survive in the West Indies with the use of slave labour. The slave trade brought enslaved Africans from Africa to colonies in the West Indies‚ which had begun to take part in the "sugar Revolution" starting in 1640. The plantation system which essentially is the organization of agriculture on a large
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ID NUMBER: 11060659 COURSE: MANAGEMENT OF SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) LECTURER: MR. ADAMS FADIR-RAHMAN DATE: 21-4-2010 QUESTION: TO WHAT EXTENT DO CAN IT BE SAID THAT GHANA CANNOT DEVELOP WITHOUT THE ACTIVITIES OF SMEs OPERATORS Small and medium enterprises (SMEs) are companies whose headcount or turnover falls below certain limits. And the limit depends on the country in which the company is operating. SMEs contribute immensely to the economic development of a country
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What is the meaning of a knowledge based economy? The term “knowledge-based economy” results from a fuller recognition of the role of knowledge and technology in economic growth. Knowledge‚ as embodied in human beings (as “human capital”) and in technology‚ has always been central to economic development. In the knowledge-based economy it is the production of ideas‚ not goods‚ that is the source of economic growth‚ and the reason that the new computing and telecommunications technologies are
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Importance of India to the World Economy India’s staggering population‚ entrepreneurial spirit‚ and consumer-led demand for products has placed it among the emerging market nations known as the BRIC (Brazil‚ Russia‚ India‚ and China) countries. These nations are widely believed to be the next financial juggernauts that will become key players in the global economic framework. In the past several decades‚ India has undertaken massive reform to its financial policies. These policies have opened the
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To what extent was the Tsarist economy transformed between 1881 – 1905? The torpor of the Russian economy compared to other European Great Powers was a prominent predicament to both Alexander III and Nicholas II. In order to sustain Russia’s Great Power status‚ both Tsars engaged in a policy of economic renewal between the years 1881 and 1095. Despite success in managing to proliferate economic growth rates‚ the attempts of economic reform between 1881 and 1905 weren’t sufficient in order to make
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What is the role of an entrepreneur in economy and society Introduction Entrepreneur is a hot topic for both academic scholars and people ambitious for business success. They are a group of persons who can significantly influence many aspects of economy and society. This paper will critically discuss the role of entrepreneurs by examining their contributions to the economy and society‚ using examples from various articles on the topic. Starting by defining the entrepreneurs to be discussed
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world the economy and the unemployed are very closely interconnected. If the unemployment goes on a drastic change the economy takes the same path. With trade prevailing in bad economic days employees are laid off to save the business financial status. However‚ as a result of these layoffs people do not have cash to spend which will in turn cause problems to the economy. Economic increase is a on going and incorporated step of interface to increase the productivity of the national economy constantly
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with no jobs and found that the cost if living had risen. However‚ as industry became more efficient‚ assembly lines products could be manufactured with the development of quicker and for less money‚ and the Canadian demand for products grew. The economy started to boom‚ all due to jobs‚ price cuts and manufacturing opportunity. The 1920s saw the development of the car industry. Industries developed mass production during the 1920s products could turn out more quickly for less money‚ this changes
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Prior to reading chapter two of Bill Mckibben’s book‚ Deep Economy‚ I had never thought about food beyond its taste and affordability. According to McKibben‚ eating local farm products is a better choice for environmental reasons. This point of view prompts me to evaluate the pros and cons of food selection and sources in my current diet. Am I making the right choices for a sustainable life? Before answering this question‚ I will describe what I usually eat. My diet consists of a mixture of homemade
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luxuries will become a thing of the past. Coal mining has been important in Kentucky since it was first commercially produced in 1790. Coal mining is a reliable source of energy‚ great for our economy‚ and provides jobs. The production of coal is valuable to our economy and helps support our families. Kentucky’s economy is dependent on the money brought in by the coal industry. Coal brings in an estimated $528 million in state revenue. Without the coal industry there wouldn’t be enough enough money for
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