Introduction The household is the essential housing unit in which such as economic manufacture, overheads, inheritance, child education, and protection are planned and carried out. It is the necessary unit of examination in many social, microeconomic and government forms. The phrase defines to all persons who live in the same dwelling. In economics, a household is an individual or a group of people existing in the same residence. Most economic forms do not address whether the members of a hou...
In everyday life we experience the circular flow of income between households and firms. If we buy an item in the shop we are doing the circular flow between households and firms. It is important to us to know how the circular flow works. We can control our spending and can save as much as we can if we fully understand the circular flow. In macroeconomics it stated there that the terms circular flow refers to a straightforward economic form which portrays the mutual circulation of income be...
Introduction Globalization is the on going process which facilitates the people of different countries to participate in goods, services and finance through mutual agreements and by infirmity of rules and regulations in different countries for greater cultural and economic operations. Globalization is the process of dealings with the countries all over the world in order to extend the global economy. Globalization affects the economy for many years. Globalization allows the countries to open ...
Backed by the expertise and experience of SMRT Corporation, our subsidiaries - SMRT International Pte Ltd and SMRT Engineering Pte Ltd - offer operations and maintenance (O&M), engineering, consultancy and project management services to rail and road transport owners around the world. Our range of solutions includes in-house proprietary products, such as automatic faregates and on-board information system displays. SMRT International Pte Ltd For any city to grow and prosper, an effective and ...
Globalization, Trade liberalization and the Information Technology growth has elicited a massive need for skilled labour worldwide in recent times. The fast paced economic growth as well as other liberalization policies in the developed countries has equally triggered a high economic wage differentials, high social welfare conditions, and income packages which has become a major attraction for skilled labour. However, the developing countries have been the worst-hit by its highly productive w...
Essay Question: Globalisation has led to significant shifts in the world economy over the last three decades. Please describe these major shifts. It has been suggested that globalisation is a major driving force of the global economy towards greater prosperity. It has also been argued that greater globalisation has brought greater risks to the world economy. Given the situation that the whole world has just been facing the most severe financial crisis and economic recession for many decades, ...
Colombia The economy of Colombia has been growing strongly in recent years, helping to reduce poverty. The poverty rate has decreased from 57% in 2002 to 49%. However, it is still very high and wealth is distributed unequally. Another malice for the country is its shadow economy, which has been estimated to be between 20% and 40% of GDP. Now country is suffering from the global economic crisis. GDP and growth rate. According to the CIA Factbook, Colombia's GDP by purchasing power parity in 20...
Retail Introduction We'll analyze the demand side factors of retail sector. Today's customers demand much more from retailers than just products at competitive prices. They expect specific products with tailored promotions and services to satisfy their unique, individual needs. But still the key demand side drivers remain the same i.e. price, taste, substitute/complements, income and distribution of income. Adapted from Euromonitor. Demand side drivers 1.a. As the scope is vast, we'll concent...
Privatization as an economic reform has swept the globe during the past two decades, as more than one hundred countries of all economic and political persuasions have launched motivated programs to privatize once state-owned enterprises (Megginson and Netter, 2001). Privatization programs have contributed to non liability financing of the public sector. It has attracted foreign capital and technology, and encouraged the return of flight capital (Perotti and Guney, 1993). Since the Thatcher go...
Unemployment and underemployment is a prevalent problem confronting youth all across the world today. It is, in fact, part of the larger and perpetual struggle shared globally by governments to provide employment for all citizens. More than 200 million people across the world today are unemployed or underemployed. [1] Among the labour market groups, youth are particularly vulnerable as they are more likely to be unemployed than their adult counterparts at the global level. [2] This proposal w...
