As the PVR sales will go up the demand from advertisers will come down. As the viewers who have PVR sets will tend to skip the commercials. Whereas the advertisers earn from the viewership of the advertisements and not the viewership of the show in which they are advertised. With this the demand in the market will go down drastically, it therefore will have no impact in the market if the people buying the pvr start skipping the commercials, the efficiency level of the advertisement will be dr...
Q2. Discuss the essential characteristics of public goods and carefully explain the problems/issues posed for public policy by such goods. The provision of public goods is a topic that has been often discussed and yet the theory of public choice, the economic analysis to these choices and actions of individuals is still somewhat argued. The main purpose of this essay will be to identify and discuss the main characteristics of public goods and explain the possible problems/issues faced by such...
Simply, conflict always appears in all societies, and it built-in the politic. The problems of the developing countries are not from the conflict of politic, but from the form of politic. The form of politic might cause to the coup d'état. During the 19th century and 20th century, the civil wars were occurred in many parts of the world. For example: in 19th century, there was a civil war in the United States, also Russia had one as well in the 20th century. These civil wars were extremely bad...
NAFTA, Economic Freedom, and Foreign Direct Investment in Latin America There is a general consensus in development economics literature that the inflow of foreign direct investment (FDI) can play a critical role in the growth dynamics of recipient countries. The literature holds that FDI can fill at least three “development gaps” in developing countries. FDI can fill, first, the “investment gap” by providing the much-needed capital for domestic investment; secondly, the “foreign exchange gap...
Organized Sector:- The 'day', 'week' and 'month' are the basic units for wages calculation. Used in combination. Normal working week is five days (for government) five half days/ six days. 'Hour' is generally not a unit for wage calculation. (In newer sectors like IT, ITES hour is becoming a standard). Wage payment is made monthly. Unorganized sector: 'Day' is the common unit of calculation. In certain cases piece rate wages is in vogue, as well as hourly wages. Institutions involved in wage ...
Advertising is a prominent feature of modern business operations. One can encounter advertising messages, while watching TV, reading magazines, listening to the radio, surfing the internet, or even simply while walking down the street, as advertisement has a stimulating influence on purchasing behaviour of the customer. This mammoth surge of advertisements from every possible source is basically to fulfil the urge of marketers to reach to a large number of people so that their product may rec...
Found in 2001, Siamgas and Petrochemicals PLC and their subsidiaries engage in the core businesses of trading and transportation of LPG, ammonia, and other petrochemical products under " Siam Gas" and "Unique Gas" trademarks. The company owns 7 LPG storage terminals and 20 LPG filling stations operated by the company and subsidiary, 131 LPG filling stations operated by dealers that are CODO ( company-owned, dealer-operated) and DODO ( dealer-owned, dealer-operated) contracts. It also operates...
Abstract The goal of this study is to utilise the Evaluation of Capital Creation Options (ECCO) methodology to estimate the potential growth of the United States economic system in terms of the economic system's ability to extract natural resources and process them into capital, consumer goods and services. Its goal is to provide a tool for evaluating an economic system's path to Sustainable Development. Acknowledgements Declaration I declare that this thesis was composed by myself, that the ...
The media everywhere has been highlighting the issue about minimum wage and how implementing it can make a difference to a society. What exactly is minimum wage? Minimum wage refers the lowest wage that an employer is allowed to pay; determined by contract or by law (Wordnetweb, 2011). It is not implemented here in our home country, Malaysia yet but it has been a constant topic of discussion on whether it should be practiced. There are many pros and cons, good and bad, benefits and drawbacks ...
Introduction Business economics is defined as the study of how businesses manage scarce resources. Microeconomics is the study of the decisions of individuals, households, and businesses in specific markets, whereas macroeconomics is the study of the overall functioning of an economy such as basic economic growth, unemployment, or inflation. Scarcity in microeconomics is not the same as poverty. It arises from the assumption of very large (or infinite) wants or desires, and the fact that reso...
