Regardless of the slow overall economic growth, the telecom sector registered positive growth in terms of teledensity, revenue and subscription. The sector was able to attract US$815 million in the year 2008-09. However most of the operators are foreign who have a pessimistic outlook of the economy due to the global financial crisis. Most of the operators adopted cost cutting measures to overcome negative impact of the economy. Pakistan Telecom Authority (PTA) is assigned with the task to reg...
Chapter 9 The question of government's proper role in encouraging growth is one of the oldest in economics. It was a primary concern of Adam Smith in the wealth of nations. The proposed answers have ranged from a vision of minimal government interference (laissez-faire) to complete government ownership of the means of production. The Case for Government Intervention in the Economy The starting point for most analyses of government intervention in the economy is market failure, the idea that i...
Demand can be defined as the quantity of a product or service that is desired by buyers. Thus, the quantity demanded represents the amount of the product that people are willing and able to buy at a certain price. Demand relationship is the name given to the relationship between the price and quantity demanded. Supply can be described as how much the market can offer. The supplied quantity is the amount of acertain good that producers are willing to supply in exchange for a given price. The s...
In this paper we examined factors affecting the strategic decision on market entry facing Wal-Mart, one of the largest United States retailers, and topping the US fortune 500 list in 2002 (Wal-Mart 2012) and introducing a dedicated operational segment named Wal-Mart international, in its effort to expand its international presence outside it home market. The International division of Wal-Mart is focused on achieving aggressive growth with the maximum return on investment, the Wal-Mart annual ...
Cuba is a socialist country and has been ruled by Fidel Castro from around 50 years. Earlier all economic activities were governed and controlled by state .Embargo by US impacted its economy. But till 1990 it was supported by Soviet Union and its economy was in a decent shape. However with the collapse of Soviet Union, GDP became half and current account deficit ballooned by 3 times. However with Foreign Act 1995, Cuba has opened up its economy to certain sectors and is trying to bring foreig...
Introduction Gentrification refers to the process in a social setting where by the wealthier people buy properties especially residential properties from the poor category of people. This forms a social cultural situation and a new set up is created when both groups benefit directly or indirectly from the acquisition of property of wealthier people from the less fortunate community in the society. The consequent repercussions of gentrification witnesses' decrease of average family set up and ...
This dissertation explores the relationship between Capital Account Liberalization and economic growth in the Mauritian economy using time series variables for the period 1976 to 2009. Theoretically, opening capital account is desirable since it results in an increase in capital inflows and eventually expands economic growth. However the empirical evidences with regard to theoretical predictions are in some instances debatable. Also, numerous techniques are employed in the literature to quant...
When and how can policy makers in government rely on private market? What impact does it have on the effectiveness of public service provision? In what situation govt rely on PPP. Researchers have found ten different reasons for relying on private market instead of public sector, they are as follows: Difference in competition. Competition is at work in both government and private markets, but the competition in markets is more civil and evenhanded. Business competition is similar to golf. Eac...
South Africa is currently engaged in a heated debate on whether to nationalize the country's mines, the outcome of which will greatly affect the future of the economy as well as the well being of millions of individuals. Nationalization is "the act of taking assets into state ownership. Usually it refers to private assets being nationalized."(wordiq.com). Nationalisation is generally seen as a means of redistribution and as a means of protecting strategic industries. However, it does entail v...
Nestle is one of the worlds leader in the food processing and consumer packed goods industry. Founded by Henri Nestle in 1866 in Vevey Switzerland, it has become worldwide with almost 85 branches around the world specializing in a variety of products ranging from baby food, drinks and bottled water to confectionery and ice cream. (Micheloud & Cie, 2008) In the race to achieve a high market share in the ice cream industry, Nestle is followed closely by its global competitor Unilever, a Dutch/B...
