Budget The Budget is prepared by the ministry of Finance ant the union budget is presented by the Finance Minister. Our constitution has made it compulsory that every year The Budget is presented before the Parliament . The overall responsibility of preparing the budget lies with the Ministry of Finance. Various departments of this ministry work for several months to prepare the budget. Each department has a specific responsibility. The departments are: Department of Expenditure‚ Department
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countries the US has one of the most significant homicide rates and crime rates. According to statistics published by the UN in 2010 the probability of being of a homicide victim is more than five times greater in the US than in the Netherlands and close to three times greater than in Canada. However in spite of these statistics and contrary to general public perception the United States have experienced a continued decline of its crime rates since the second half of the 1990’s. In 2010 there were
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INDIAN UNION BUDGET FOR THE YEARS 2007-2012 CONTENTS 1. Acknowledgement 2. Introduction about Budget 3. Budget Processing 4. Presentation and Analysis of Data 5. Conclusion ACKNOWLEDGEMENT I would like to thank The Almighty God for showering his blessings upon me. It is only due to his mercy that I was in good heath and was able to complete this project. Secondly I would like to thank my Business Economics teachers‚ Ms. Kavya and Ms. Anjana
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increasing by 80 million people per year (Stefoff 16). “Population is determined by the interplay of two factors. One is the birth rate‚ or the number of people being born‚ and the other is death rate‚ or the number who die. The difference between the two is called the rate of natural increase” (Stefoff 25). So let’s say the birth rate is 5 children per second‚ and the death rate is 2 deaths per second. The
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The first thing we have to do to select the greatest economist of out time is to differentiate ‘great’ and ‘greatest economist’. What is meant by ‘great’ then? The meaning of great is of a size‚ amount‚ extent or intensity considerably above the normal or average. Then what is meant by ‘the greatest economist of our time’? He must be the one who have made profound impact on the society‚ generated the key breakthrough of economics and our way of living. However‚ besides the contributions for the key
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Australian economy of Australia’s continuing current account deficits Australia has a long history of large and persistent current account deficits. During the 1960s the current account deficit averaged the equivalent of 2 per cent of gross domestic product. The CAD rose considerably‚ due to the floating of the Australian dollar and the opening of the capital account in 1980s‚ and by 1990s CAD has sustained around an average of about 4.5 per cent of GDP. However‚ in recent years the deficit has been
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MacroEconomics | Essay | Growth Theory and Long-Run Behavior of Economy | | Antara Islam | 6/11/2013 | Institute of Business AdministrationJahangirnagar University | Essay On Growth Theory and Long-Run Behavior of Economy Submitted To: Dr. ShuddhasattwaRafiq Course Instructor Macroeconomics Submitted By: Antara Islam Class ID: 2795 Batch 21 Date of Submission 11 June‚ 2013 Institute of Business Administration Jahangirnagar University Letter of Transmittal
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help the growth of the economy? It is a fact that no society throughout history has ever obtained a high level of economic affluence without a government. Economic growth is a term that is generally measured through GDP the gross domestic product in a country or region over a certain period of time and its consisted of economists‚ governments and individuals Economic growth usually results from producing more goods and services that requires productivity growth. Productivity growth may also
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Introduction Generally An estimate of income and expenditure for a set period of time is called budget. A budget is a financial document used to project future income and expenses. The budgeting process may be carried out by a country‚ individuals or by companies to estimate whether the country /person/company can continue to operate with its projected income and expenses. The finance minister‚ AMA Muhith‚ has proposed national budget for fiscal year 2012-13 on June 7‚ 2012 with a total outlay
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4. Explain why economists usually oppose controls on prices. The reason most economists are usually oppose about price controls is that they distort the allocation of resources. Price ceilings‚ which prevent prices from exceeding a certain maximum‚ cause shortages. Price floors‚ which prohibit prices below a certain minimum‚ cause surpluses‚ at least for a time. For example‚ let’s say that the supply and demand for milk and eggs are balanced at the current price‚ and that the government then fixes
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