Principles of Economics Components of Economy First Semester Introduction Human activities which generate income are known as economic activities. All the economic activities are classified into three categories viz. primary‚ secondary and tertiary. Activities that are directly associated with environment are known as primary activities as they refer to utilization of natural resources like land‚ water‚ vegetation‚ minerals etc. When primary goods are used to produce some other articles or
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2013 EPLM - 06 V Jagannath Student ID-2226357 DE-TARIFFING OF MOTOR INSURANCE – ITS IMPACT ON GENERAL INSURANCE INDUSTRY AND INDIAN ECONOMY Abstract Indian general insurance industry has encountered a radical change by being de-tariffed after 4 decades of tariff regime. Such a change did have a lot of impact on the premium growth‚ way of operation‚ profitability and loss ratios of the general insurance industry. This change fueled innovation in the general insurance industry which
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Global Economy‚Government balance 1997-2012 To analyse the past and the years after the global financial crisis in Denmark‚ we use the numbers from OECD updated in June 2011. Furthermore we compare the forecast for the Danish government balance with the forecast for the Euro area. The Danish government balance develops in a positive direction from 1997 up to 2000 from – 0‚6% up to 2‚2%. In year 1997 was the government balance at – 0‚6 %‚ which is the lowest point before 2009. This was the year
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After the Civil war in the United States‚ Corporations grew significantly in number‚ size‚ and influence between the 1870s and 1900s. Big business impacted America’s economy‚ politics and as well as the Americans responses to these changes. Big business began when entrepreneurs in search for wealth and success combined their business into massive corporations. Vertical and horizontal integration were tactics used to make business grow faster. Vertical integration is the acquiring of material from
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on Problems of Modern India S Nataraj India is a fastest developing country in the world. India‚ with its diversified culture‚ civilization‚ natural resources‚ technology and huge skilled human resources‚ is also a fastest growing economy in the world. But at the same time there are several problems plaquing our Modern India which is affecting the growth and development. These problems can be broadly classified as: Socio-economic Problems Other major Problems 1. Socio-economic
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Embracing Something New We all feel the need to be accepted somewhere. We all want to feel loved. We want to know that people want to spend time with us; we want to be accepted. Sometimes we will do anything to reach that. Some people will change everything about themselves just to fit in. This trying to fit in can be seen in every school‚ in every city‚ in every state‚ in every country‚ all around the world. No one wants to feel lonely and left out. No one wants to be rejected. But‚ what happens
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Name___________________________________ ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) For each of the following changes‚ show the effect on the demand curve and state what will happen to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall‚ and the good is normal. d. Consumer incomes fall‚ and the good
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PRMB022 Organisational Behaviour Assignment #2 Case Study ASSIGNMENT 2 – TASK AND GUIDANCE Stimulus Article The article on which this assignment is based‚ ‘WA Police documents reveal bullying‚ corruption‚ discrimination’‚ can be found at http://www.perthnow.com.au/news/westernaustralia/documents-reveal-bullying-corruption-discrimination-in-wapolice/story-e6frg13u-1225969425509. Scenario You work for a consulting firm that has been contracted by the WA Police Commissioner to advise
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The phase in the business cycle that Russia is in is Prosperity. Prosperity is the high point of the business cycle. The Gross Domestic Product is 796 billion dollars. Russia is partners with Germany in exporting and importing. The number of imports is 33 billion and the number of exports are 66 billion. The National Budget is 56.6 billion dollars. They have 1 radio per 2.9 people. They also have 1 Telephone per 5.9 people. Russia’s education is free and compulsory through
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400 000 babies were born yearly. Canada’s economy was greatly affected by the baby boomers as they expected much more luxury in the average life and they wanted to improve the overall lifestyle of a Canadian.The government in Canada was also affected negatively as the population had a rapid increase causing the political views in Canada to change drastically. As the economy returned to being stable after the Great Depression‚ the baby boom caused the economy another crash and the Canadian government
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