References: • McConnell‚ C. R.‚ Brue‚ S. L. 2007. Economics: Principles‚ Problems‚ and Policies. 17th edition. McGraw Hill. • Mankiw‚ N. G. 2007. Principles of Economics. 4th edition. Thomson South-Western. • Tesco‚ (WWW) Available from: http://www.tesco.com.my [Accessed: 10th April 2011] • Giant‚ (WWW) Available from: http://www.giant.com.my/ [Accessed: 10th
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command economy. In mixed economy both the private and public sector need to co-exist to overcome the weakness of one another. Most countries practice mixed economy for a number of reasons as mentioned below. Where there is free market enterprise economic forces are unfettered. Supply and demand determine the prices of goods and services. Prices in turn tell businesses what to produce‚ if the people want more of a particular good than the economy is producing the price of the good rises. That catches
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Strategic responses in the recession…………………………………………………7 6. Conclusion………………………………………………………………….……….9 7. Bibliography…………………………………………………….…………………10 1. Introduction The economic crisis that shook the international markets had mixed reactions in the companies. Some were flat‚ hoping to improve the scenario. Others decided to go for innovation in search for new business areas. With proper planning and strategies‚ now envision
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the opportunity cost‚ unemployment‚ discouragement of investment and savings‚ and shortage of goods. Positive effects include the reserve bank adjust their real interest rates and encourage investment in non-monetary capital projects. However the economics in today’s time believe that an economy is said to be in a favorable and a stable condition only if the inflation rate is steady or favorably low(as compared to zero or negative). Most of the most developed countries have managed sustain an inflation
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Economics The economics course provides students with a basic foundation in the field of economics. The course has five sections: fundamental concepts‚ microeconomics‚ macroeconomics‚ international economics‚ and personal finance. In each area‚ students are introduced to major concepts and themes concerning that aspect of economics. Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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Economics is the social science that studies the behavior of individuals‚ households‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. Agents are assumed to act rationally‚ have multiple desirable ends in sight‚ limited resources to obtain these ends‚ a set of stable preferences‚ a definite overall guiding objective‚ and the capability of making a choice. There exists an economic problem
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Economic Economics is the science that studies how people and societies make decisions that allow them to get the most out of their limited resources. Because every country‚ every business‚ and every person deals with constraints and limitations‚ economics is literally everywhere. This Cheat Sheet gives you some of the basic essential information about economics. the Big Definitions in Economics When studying any subject‚ a key first step is to learn the lingo. Here are definitions for three of
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Economics | | |Sr. No. |Core Areas |Percentage | |1. |Micro-Economics |15% | |2. |Marco-Economics |15% | |3. |Econometrics
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