1); perfectly inelastic (E = 0); and perfectly elastic (E = ∞). (LO6-1) The more substitutes a good has‚ the greater its elasticity. (LO6-2) Factors affecting the number of substitutes in demand are (1) time period considered‚ (2) the degree to which the good is a luxury‚ (3) the market definition‚ and (4) the importance of the good in one’s budget. (LO6-2) The most important factor affecting the number of substitutes for supply is time. As the time interval lengthens‚ supply becomes more elastic. (LO6-2) Elasticity
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global environment of a company is called global environmental analysis. This analysis is part of a company’s analysis-system‚ which also comprises various other analyses‚ like the industry analysis‚ the market analysis and the analyses of companies‚ clients and competitors. This system can be divided into a macro and micro level. Except for the global environmental analysis‚ all other analyses can be found on the micro level. Though‚ the global environmental analysis describes the macro environment of
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Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
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Dandelion Wine by Ray Bradbury is a novel that evokes all emotions in a whimsical and sentimental way. The story begins in Green Town‚ Illinois with twelve year old Douglas Spaulding and eleven year old Tom Spaulding. Summer of 1928 just began when Douglas had a sudden revelation; he is truly alive! Little‚ self-aware Douglas then sets out to experience what summer really means to him and Tom. The adventurous boys travel around the small town‚ meeting with all sorts of unique and intellectual residents
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AN ANALYSIS TO INVESTIGATE THE EXTENT OF THE INFLUENCE OF ENVIRONMENTAL AND GENETIC FACTORS ON INTELLIGENCE What is intelligence? If this question is asked to many different people‚ the possible answers could be the level of understanding of complicated opinions‚ accustoming to the circumstances‚ learning and reasoning skills‚ capability of solving problems etc. There are a lot of definitions for intelligence; however no conceptualization has yet established as a fully satisfying definition (Neisser
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Wright‚ Graham and Aleke Dondo. “’Are You Poor Enough?’ – Client Selection By Microfinance Institutions.” Microfinance- Evolution‚ Achievements and Challenges. Ed. Malcolm Harper. London: ITDG‚ 2003. 142-149. Yunus‚ Muhammad. Banker to the Poor: Micro-lending and the Battle Against World Poverty. New York: Public Affairs. 1999. 71
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banking and related services.” Microfinance is not just about giving micro credit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty. It covers a wide range of services like credit‚ savings‚ insurance‚ remittance and also non-financial services like training‚ counseling etc. FEATURES: * Borrowers are from the low income group * Loans are of small amount – micro loans * Short duration loans * Loans are offered without collaterals
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The micro-macro dilemma relates to a variety of circumstances and situations and is essential for numerous decisions daily that people make. This is particularly true for many of the business decisions that organizations make in concerns to marketing. From the perspective of marketing‚ high-powered engine in cars is a pleasurable and worthwhile option or many consumers‚ especially consumers who enjoy driving high-powered vehicles or participate in recreational activities that require the high-powered
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Table of Contents 1 Introduction: 6 1.1 Objectives: 6 1.2 Scope of the Study: 7 1.3 Methodology and Data Collection: 8 1.4 Limitations: 11 2 Institute of Microfinance (InM) 13 2.1 Vision: 13 2.2 Mission: 13 2.3 Governance: 14 2.4 Governing Body 14 2.5 Current Governing Body of InM 14 2.6 General Body 15 2.7 Activities of the Institution: 16 2.8 Research: 16 2.9 Trainings: 17 3 Evaluation and Development of Microfinance Sector: 20 4 The Microfinance
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causing the Blue Karner Butterflies to die. The larva of the butterfly crawl up the lupine stems and eat the new leafs. The active periods for both the butterfly and lupine is 4 months. Fire suppression has consistently been identified as the primary factor for
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