Indian Railways. This also creates impact on the Indian Economy. This article deals with how Indian Railways impact the Economy of India or the impact of Indian Railways on the Indian economy. India is a land of diverse culture as well as religion. In different parts of India‚ one can find totally different tradition and cultural variations. To promote national integration and concentrate the cultural diversity‚ the Indian Railways plays a vital role that also fulfills the transportation needs of the
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Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947. Pakistan’s average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s‚ 4.8% in the 1970s‚ and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade. Bank meanng The name bank derives
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Defining Marketing Paper MKT/421 Date Name Instructor The “Meriam Webster Dictionary” (n.d.) defines Marketing as: a : the act or process of selling or purchasing in a market; b : the process or technique of promoting‚ selling‚ and distributing a product or service; c : an aggregate of functions involved in moving goods from producer to consumer. The “Business Dictionary” (n.d.) defines it as the management process
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Role of Banks and Financial Institutions in Economy Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Shakespeare also referred to ‘Shylocks’ who made unreasonable demands in case the loans were not repaid in time along with interest. Indian history is also replete with the instances referring to indigenous money lenders‚ Sahukars and Zamindars involved in the business of money lending by
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Australia’s Role in the Global Economy 2.2 Australia’s Trade and Financial Flows 2.2.1 Value‚ Composition and Direction of Australia’s Trade and Financial Flows International trade has historically played a very significant role in the development of the Australian economy Due to geographical isolation – trade has always represented high proportion of Australia’s economic activity‚ overseas market for Aust.’s primary commodities (agricultural products‚ minerals)‚ imports new technology
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How did slaves affect the daily Roman economy? As history has shown slavery has been prevalent around the world for thousands of years‚ however‚ Roman slavery differed vastly‚ as it was not based off of a certain type of people‚ but was a smorgasbord of cultures and people‚ taken to benefit Rome following their victories in war. As with most slaves seen throughout history‚ the slaves of Rome were bought and then worked for their owner usually for their lifetime‚ although there were some who were
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The role of internet in marketing In this task I will be discussing a very important subject of today’s world of business which is internet marketing. To start off my task‚ I am going to give a general idea of history of the internet‚ general functions it can perform and how the internet has generally changed the society in many different ways and aspects. The history of establishing the internet originally goes back to 1950s and that’s when it first came on the scene‚ no one ever thought of the
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product) that having a stable economy. Here are some common aims of government which everyone country has to take care of : Keep inflation under control Inflation creates uncertainty and results in the fall in the value of money in terms of goods and services. Inflation also creates uncertainty. Therefore‚ the governments use macroeconomic policy instruments to keep inflation under control. Maintain a high level of employment High unemployment is bad for the economy. Unemployment means resources
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contributing the lion’s share. Good physical connectivity in the urban and rural areas is essential for economic growth. Since the early 1990s‚ India’s growing economy has witnessed a rise in demand for transport infrastructure and services. However‚ the sector has not been able to keep pace with rising demand and is proving to be a drag on the economy. Major improvements in the sector are required to support the country’s continued economic growth and to reduce poverty. Railways. Indian Railways is
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What is the current role of the BRIC economies in the global economy? Introduction The importance of the BRIC countries to the global economy has increased because of the high economic growth rates in China‚ Brazil‚ India‚ and Russia. A forecast has been made shows that the BRICs would account for 37% of economic global growth during the period 2011-16 which would increase the BRIC share of global output from 19% to 23% (Goldman‚ S. (2004). However‚ the proportion of global output produced
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