reducing in line with globalisation trend and market base resource rationalisation concept. In this spirit‚ the Federal Government sold its shares in many firms and privatized and commercialised many other parastatals. The economy‚ including the capital market‚ was substantially deregulated. It has been argued that the desire and pursuit of social and economic advancement are natural human instincts hence; man continuously seeks to improve his standard of living; a business organisation its profitability;
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Human capital is the stock of competences‚ knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value. It is the attributes gained by a worker through education and experience. [1] Many early economic theories refer to it simply as workforce‚ one of threefactors of production‚ and consider it to be a fungible resource -- homogeneous and easily interchangeable. Other conceptions of this labor dispense with these assumptions. Contents [hide] •
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growth could be accelerated. Many questions about growth still lack satisfactory answers.Yet few issues are more important for the world’s future than the ability of developing countries to raise both productivity and the rate at which they accumulate capital. This overview chapter first briefly reviews our understanding of growth before turning‚ in section 2‚ to the facts and controversies of growth and policy reforms in the 1990s. Section 3 draws the broad lessons coming out of the growth experience
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Living Well Vs. Living Large: The Accounts of Aristotle and Arendt In today’s day and age‚ the concepts of living well and living large are commonly discussed in a capitalist society where economic prosperity seems to be at the forefront of people’s everyday lives. However‚ economics dates back to the Ancient Greek Empire where it carried a significantly different meaning and purpose. In Politics‚ Aristotle examines life in the ancient Greek system‚ and its divergence into two sectors: the public
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Course: INB 410 Assignment: INTRODUCTION China is situated in eastern Asia on the western shore of the Pacific Ocean‚ with an area of 9.6 million square kilometers. China’s continental coastline extends for about 18‚000 kilometers‚ and its vast sea surface is studded with more than 5‚000 islands‚ of which Taiwan and Hainan are the largest. Since initiating market reforms in 1978‚ China has shifted from a centrally
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FACTORS FOR SLOWDOWN OF INDIAN ECONOMY‚SUGGESTIONS FOR ITS IMPROVEMENT Economic growth of a nation is measured by the value of goods and services produced within a country which is also known as GDP growth.The GDP contributions of the various sectors of the economy are Services-57 % Agriculture -17% Industry-27%.The growth in services sector is led by the IT-ITES industry.Which contributes nearly 8% of the GDP.The total revenue of the IT-ITES sector is around 100 billion $.Nearly 70bilion dolars
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main difference between the Harrod-Domar (HD) model and the Solow model is that HD assumes constant marginal returns to capital‚ while Solow assumes decreasing marginal returns to capital. The reason that a change in the savings rate has a permanent effect in HD‚ while only a temporary effect in Solow‚ is exactly due to the differences in assumptions on the marginal returns to capital. To see why‚ assume that we initially are in the steady state in the Solow model‚ where investments exactly are equal
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voting share capital. Thus‚ it makes narrow down FDI only in capital investment of parent company in host country’s enterprise. Examining the impact of FDI‚ the earliest empirical study‚ the International cooperation of National Firms: A study of Direct Foreign Investment‚ S.H Hymer broadly describes FDI as not simply a transfer of capital but the transfer of a package of capital‚ management and new technology. Thus the host countries can benefits from the inflow of FDI into capital‚ management
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Production is bound to take place with the combination of factors of production called as land‚ labor‚ capital and organization. In modern economics‚ enterprise has come to occupy a very important role in production so as to deal with that on a separate footing as an agent of production. Production‚ according to Hicks‚ is "any activity directed to the satisfaction of other people’s wants through exchange". Production in economics means creation of economic utilities‚ as man cannot produce matter
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principles you have nof followed (mistakes made) and which are the areas you need to improve or strengthen. It is from such reflecions that we become better investors. Kam wing IMPORTANT PRINCIPLES CONCERNING VALUE INVESTING (STOCK ACCUMULATION & PORTFOLIO MANAGEMENT) _____________________________________________________________ These are some important principles that should be followed if we want superior returns for our portfolio through using BAVI (Business approach to Value
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