INFLATION : A sustained rise in the prices of commodities that leads to a fall in the purchasing power of a nation is called inflation. Although inflation is part of the normal economic phenomena of any country‚ any increase in inflation above a predetermined level is a cause of concern. How is inflation measured Inflation in India is measured through a WPI ( wholesale price index ) . In India‚ the wholesale price index (WPI)‚ rate consisted of three main components - primary articles‚ which
Premium Inflation
5 billion barrels of oil in 2007. To illustrate‚ 24% of the world’s oil production is consumed by the United States. In 2007 the total world production of crude oil was 73.27 billion barrels per day (Energy Information Administration‚ 2008). OPEC (2008) stated that Russia is the leading producer of oil with 9.5 million barrels per day. The United States only produces 5.1 million barrels per day (Energy Information Administration‚ 2008). To increase oil production the United States would have
Premium Peak oil Natural gas Petroleum
Hydraulic Fracturing: Benefits of Shale Gas Fracking Hydraulic fracturing (fracking) is a sixty-year-old industry; however‚ in recent years availability and innovative fracking processes have created a boom‚ rendering the U.S. economy less vulnerable to alarming oil prices. “In 2009‚ the United States finally outpaced Russia to become the world’s top natural gas producer” (Walker). And now the nation enjoys many benefits inclusive but not limited to lower fuel prices. When done well‚ fracking provides
Premium Petroleum Natural gas Energy development
In reviewing the proposal presented by Pressco‚ Inc. to provide new mechanical drying equipment at a cost of $2.9 million I have considered the cash flow implications of the purchase in terms of present value of the investment and estimated resulting savings‚ as well as possible alternatives to purchase‚ and the current political climate as it affects the business issues of taxation and energy policy. Following this review‚ it is my recommendation that we enter into a contract for the purchase of
Premium Net present value Taxation Depreciation
Market structure refers to: • Nature and degree of competition within a particular market • The number of firms producing identical products which are homogenous Oligopoly: This is a market structure in which the market is dominated by a small number of firms that together control the majority of the market share. Few firms dominate Although only a few firms dominate‚ it is possible that many small firms may also operate in the market e.g. the major airlines. It is a situation between perfect
Premium Oligopoly Competition Monopoly
DATE: September 16‚ 2012 TO: Patricia Bennett‚ Supervising Principal FROM: Connor Sims‚ Associate SUBJECT: Oil Drilling & Gas Extraction Industry in the US Analysis (21111) This report presents information regarding the industry‚ the primary operator of oil and gas field properties. The industry fuels its key buyers‚ the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries‚ with crude oil and natural gas. The industry continuously battles
Premium Petroleum Peak oil Natural gas
1. The secretary general of UNO is currently Ban Ki-moon 2. The current US Secretary of the State is Hillary Clinton 3. Vice President of the United States Joseph R. Biden 4. Parnab Mukherje is new indian president elected on 25 july 2012 5. Who Is Current President Of United States Of America? Barack obama elected 2008. 6. Prime Minister of India is Manmohan Singh‚ in office since 22 May 2004. 7. Mr. Justice (R) Fakhruddin G. Ebrahim took oath as Chief Election Commissioner of Pakistan
Premium Benazir Bhutto Pakistan Barack Obama
Leaders agree cut to EU spending By Joshua Chaffin and Alex Barker in Brussels Leaders agreed the first ever cut to the European Union budget after setting spending to the end of the decade at €960bn. The deal emerged after a bruising battle that saw Britain’s David Cameron lead demands for deep cuts to reflect the austerity undertaken by many governments and François Hollande‚ French president‚ rallying the defence of EU spending to help recession-hit economies. High quality global journalism
Premium European Union Petroleum Natural gas
Environmental Problem: Defined The environmental issue that my research will focus on is the continued use of fossil fuels as the primary energy source by our global economy: regardless of the proven adverse impacts‚ from our reliance on these nonrenewable resources; and in consideration of the circumstances regarding the existence of viable alternative sources of energy‚ given the application of equivalent technologies applied to their systems of conversion. The focus of this paper is not to identify
Premium Sherman Antitrust Act Economics Sociology
Chapter 32: The Cold War and Decolonization‚ 1945–1975 1 CHAPTER 32 The Cold War and Decolonization‚ 1945–1975 INSTRUCTIONAL OBJECTIVES After studying this chapter students should be able to: 1. Understand the causes of the Cold War and its political and environmental consequences for Europe‚ Asia‚ Africa‚ Latin America‚ and the two superpowers. 2. Understand the process of decolonization and illustrate the variations in that process by reference to concrete examples. 3. Understa
Premium Cold War World War II