Otherwise‚ we are not sure if the increase in GDP is due to price increases or to a growth in production. GDP per capita varies considerably across countries. In advanced economies‚ it exceeds 35‚000 dollars per year. In some very poor countries‚ it is less than 1000 dollars per year. For insight into the factors that explain economic growth and development in Niger and other countries‚ visit the economic growth section of our global economy guide. GDP per capita‚ PPP rankings for over 200
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SPACES AND EXCHANGES. America has always been « the land of opportunities » for many immigrants. In one century‚ 30 million europeans immigrated to the USA for many reasons and lawas in 1965 have opened the floogates to a multitude of immigrants of different nationalities « a melting polt ». So‚ what part immigrants play in the exchanges between countries and what do the new americans aspire to ? The reasons why America is still a destination for immigrants. We studied a cover of the
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THE PRODUCTION PROCESS :THE BEHAVIOR OF PROFIT-MAXIMIZING FIRMS THE BEHAVIOR OF PROFIT-MAXIMIZING FIRMS Production : The process by which inputs are combined‚transformed‚and turned into outputs. Firm : An organization that comes into being when a person or group of people decides to produce a good or services to made a perceived demand Three decisions that all firms must make: 1. How much output to supply 2. How to produce that output 3. How much of each input to demand a) PROFITS AND ECONOMIC
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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The factors which affect student achievements in the exchange program are threefold. Student’s personality‚ communication skills and financial back up do influence their achievements. First‚ the personality of the students plays the most important role. In order to study and live abroad‚ students should be independent‚ friendly and are good team players. Besides taking care of themselves well‚ they should have good self-discipline to behave properly and achieve satisfactory academic results. Having
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THE ECONOMICS OF MASS PRODUCTION. The United States economy changed dramatically in the period following the Civil War. Business itself changed during this time: various ways were tried to increase the size of businesses‚ including trusts and holding companies. The average standard of living more than doubled between 1870 and 1910 and manufacturing‚ rather than agriculture‚ became businesses central feature. A major factor in this increase was the rise of big businesses and the widespread use
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Gold Paper 10 April 1994 Quality Customer Satisfaction Public Relations New Directions for Organisational Communication This publication has been funded by a grant from Deutsche Bundespost Postdienst © 1994 International Public Relations Association and the authors. All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopied‚ recorded or otherwise‚ without written permission of
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INTRODUCTION Cement is a binder‚ a substance that sets and hardens independently‚ and can bind other materials together. The word "cement" traces to the Romans‚ who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed rock with burnt lime as binder. The volcanic ash and pulverized brick additives that were added to the burnt lime to obtain a hydraulic binder were later referred to as cementum‚ cimentum‚ cäment‚ and cement. Cement is made by grinding
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Production Possibilities Curve (PPC) The Production Possibilities Curve (PPC) is used to show the economic concepts of scarcity‚ choices and opportunity cost. The PPC is a graphical representation showing maximum combinations of output (goods and services)‚ a nation can produce with limited economic resources in a fixed period time. Assumptions of the production possibilities curve: I. Only 2 goods will be illustrated II. The amount of resources is fixed III. State of technology
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class. Why do you think Marx emphasises relations of production in the formation of classes whilst Weber suggests the market and consumption are the important factors? All human societies have been class based in some way‚ shape or form and‚ interpreting this in the most basic way‚ it can be said that in every known human society there has been a fundamental division between two broad social groups‚ the buorgeoisie that own and control the means of production‚ and the proletariat who own nothing
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