The world’s economies consist of three main economy systems with different economic mechanisms. There are centrally planned economy‚ mixed economy and unplanned economy. Centrally planned economy is one kind of planned economy‚ it is also known as command economy or socialism. The process of implementation of centrally planned economy is called planification. The phrase is originally generated from “Befehlswirtschaft” in German which used to represent Nazi economy (Amadeo‚ 2012). Incan empire in
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Introduction: Iceland is located between Norway‚ Scotland and Greenland in the North Atlantic Ocean. It is also the 2nd largest island of Europe. Iceland’s economy is based on the Scandinavian type capitalistic system‚ also known as the Nordic Tiger because of its rapid growth. With a population of only 312‚872 people‚ it is ranked as a country with highest HDI and one of the highest GDP per capita PPP. Iceland is a modern welfare state which provides health‚ education and security to all its
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company in India; so far the largest integrated Telecom Company in India. Also‚ it is the third largest in-country mobile network service provider‚ the fifth largest mobile telecom company in the world. Bharti Airtel also operates outside India‚ namely Sri Lanka‚ and Bangladesh in Asia‚ and in some countries in Africa. The company actively engages in its expansion into Africa‚ currently 20 countries included in the Airtel network. So far Airtel has about 178.6 million subscribers in India‚ Bangladesh
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This study is multi-site mixed method case study that will employ a Concurrent Triangulation Mixed-Method design. Using a multisite mixed methods approach‚ the study will strive to appraise selected peri-urban settlements situated on the fringes of Port Harcourt. 3.1.1 A Multisite Mixed Methods Approach A Multi-site case study investigates a defined‚ contemporary phenomenon that is common to two or more real world or naturalistic settings (Bishop‚ 2010). A multisite mixed methods approach is the
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Assignment 1: Argument / Discussion Essay (15%) Due date: 28 March 2013 800-1000 words Mixed or Single-sex schools (the jetnewspaper.com) (sanix-sports.info) Educators debate whether separating boys and girls in schools might improve students’ academic performance. Although some parents and educators prefer mixed schools‚ there are those who believe that separating boys and girls yield positive results and provide for a better
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The UK economy After faltering for several years‚ the UK economy shows signs of real recovery‚ with rising spending‚ investment‚ exports and even manufacturing growth. At the start of 2014‚ there seems to be a virtuous circle of falling unemployment‚ falling inflation‚ and rising GDP. After one of the longest and deepest recessions on record‚ these signs of economic growth are definitely welcome‚ yet it is far from a return to normality. Real GDP is still 2% below its 2008 peak‚ and the economy
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well-developed social market economy‚ and a high standard of living. Until the 1980s‚ many of Austria ’s largest industry firms were nationalised; in recent years‚ however‚ privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry‚ international tourism is the most important part of the national economy. Germany has historically been
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be the world’s largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system‚ (b) the world monetary system (c) the business strategy of today’s European and U.S. global corporations‚ and (d) global commodity prices. A) The implications of such a development for the world trading system is that China will basically will be the root of trading. From my perspective‚ China’s growth of economic will benefit overall economy of world. In the trading
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to over three thousand deaths of American citizens and installed fear into the rest of America and other countries as they did not want this horrifying event to strike them. These terrorists ultimate goal was to dent and cripple the United States economy by taking down its National Trade Center in order for them to lose money in stock markets‚ lose trading opportunities with countries like Canada‚ and cause Americans to spend billions of dollars towards the damage repair. This event definitely caused
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An open economy is the opposite of a managed economy. It is one that is characteristically market-oriented‚ with free market policies rather than government-imposed price controls. In an open economy industries tend to be privately owned rather than owned by the government. In the area of international trade an open economy is one whose policies promote free trade over protectionism. On the other hand‚ a managed or closed economy is characterized by protective tariffs‚ state-run or nationalized
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