A recession is the contraction phase of business cycle. The official agency in charge of declaring that the economy is in a state of recession is the nation bureau of economic research. According to NBER the recession is defiend as “Significant decline in economic activity lasting more then a few months”‚ which is normally visible in GDP‚ real income‚ employment‚ industrial production‚ and wholesaler- retail sales. WHAT CAUSES RECESSION ? An economy which grow over a period of time tends to
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IMPACT OF CLIMATE CHANGE ON AUTOMOTIVE BUSINESS Climate change has been one of the most discussed issues in these modern days. It is prove on many researches that the increase in man-made green house gas emission can significantly affect the climate in the world‚ on every part of the globe. In the last few years‚ climate change has become the most researched subject in science. The reason is that because climate change can affect significantly to the earth and it has to be taken care of. In a
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| | International Competitiveness of Automotive Industry in the UK 1. Introduction The automotive industry which has been treated as an imperative contributor to the global economy‚ plays an essential role supporting the growth of the UK’s economy. According to the figure provided by OICA (2009)‚ in 2008 this industry produced roughly 1‚649‚515 automobiles‚ ranking it 4th in Europe in terms of the whole output. Until now‚ there are about forty firms manufacturing vehicles in UK (LowCVP‚
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I imagine the world without modern technology‚ as world that is stuck in the past. Technology has made life easier or has it? The dependency of people to technology can be seen during brown out or power failure in a certain place. During brown outs or black outs‚ especially here in the Philippines‚ people usually panic‚ especially the youth. Some may not know it but people can’t seem to cope up without their cell phones (as it soon losses battery) or their computers. It shows signs of addiction.
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Financial Analysis of General Motors and Ford Motor Company FNCE442 Advanced Finance (FN) Professor: Due date: June 01‚ 2009 Table of Contents Executive Summary 3 Introduction 4 Porter Five Forces Analysis Model 5 Competitive rivalry within the industry 5 Barriers to Entry 6 Threats of Substitutes and Complements 6 Bargaining Power of Customers 6 Bargaining Power of Suppliers 7 SWOT Analysis 7 GM SWOT Analysis 7 Strengths 7 Weaknesses
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phones have become the center that society revolves around. The reasons why technology is harmful‚ for example‚ are cell phones keep us too connected‚ people live off it too much‚ and certain parts of children ’s brains don ’t develop as well if they use technology too often. Technology by definition is the making or change of tools‚ machines or ways of undertaking things to solve a problem or issue. By that definition technology is a great evoulution for people as a society. It helps people finish tasks
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constantly immersed in technological advancements that promote nonstop communication and instant gratification‚ whether through cell phones‚ gaming systems‚ or laptops. But are these technological advancements a good thing? I believe that the growth of technology has negatively influenced the social interactions of today’s youth because it isolates individuals from reality‚ raises the lack of privacy and promotes higher health risks. The Internet can provide as an escape from reality. In real life‚ you
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Effects of Technology in Our Lives The evolution of technology has dramatically changed society. An endless number of people all over the world use and benefit from modern technology‚ and the tremendous opportunities it provides play a significant role in almost all fields of human life. Technology has simplified the access to many necessary tools people need in education‚ industry‚ medicine‚ communication‚ transportation‚ and so on. However‚ excessive usage of technology has its drawbacks
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Cynthia Summer 2014 Technology is the Center of this Generation’s Lifestyle Technology is the center of this generation’s lifestyle. That should mean that we can use this new and beneficial technology to our advantage‚ to make our lives easier in many aspects‚ read up and fill ourselves with useful knowledge in the click of a button‚ right? It’s frustrating when something that can be a great tool‚ turns into a negative feature. Unfortunately that’s what’s happening with technology‚ we are losing the
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Technology is growing at such a rapid pace. Computers are getting better and better. If a person is not computer literate‚ there is no way that he or she will survive the technological advances of the future. The author of Hamlet’s Blackberry‚ William Powers‚ believes technology is ruining physical togetherness creating human contact to be insignificant. He says‚ “The rushed‚ careless quality of screen communication is of a piece with the disconnecting of physical togetherness. When everyone is endlessly
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