Aggregate supply

It is generally agreed, that the cause of underdevelopment would be due to the lack of industrialization and therefore the industrialization of a society constitute the solution. Though as time passes by, it seems to indicate that this is not the solution and/or that there are many other causes that prevent industrialization, because development is not achieved by the vast majority of nations. The reasons that can cause and maintain levels of underdevelopment are many and there is no agreement…

and see what actions they take and introduce to reduce fuel and minimise emissions. The deliver function, sometimes also described, as distribution management is an integrated part of the end-to-end supply chain. (Scott, Henriette, & Paul). The deliver part glues the different parts of the supply chain together, the glue can be seen as the distribution network, a web of warehouses linking factories to customers. As mentioned earlier, IKEA makes use of different suppliers around the…

Kuznets Hypothesis of income and inequality in context of Indian growth experience In economics, a Kuznets curve graphs the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis was first advanced by economist Simon Kuznets in the 1950s and '60s. One explanation of such a progression suggests that early in development, investment opportunities for those who have money multiply, while an influx of cheap rural labour to the…

To augment the total stock of capital, countries need to save and invest in order to accelerate on the path of development. Large stock of physical capital per worker will increase the viable level of income by increasing the productivity of each worker as a result the worker will have extra physical capital to work with. It was realized that the poor nations face trouble in accumulation of this capital as their low level of income signifies limited savings which is not enough to finance new…

Research Question Is lack of green spaces in Istanbul a real “life-threatening” problem for the locals? Problem Statement In the last few decades, there has been a dramatic pace of degradation in green spaces in Istanbul. According to a statement published by TÜRÇEK, the green spaces in Istanbul are fading away, while Istanbul starts to suffocate. The sub-Saharan temperatures in summer impacts the citizens and the city greatly because of the uncontrolled urbanization and the lack of trees…

Theoretical framework The idea that economies of scale can be applied in the motion picture industry is based on the theory of economies of scale. As already mentioned, this theory argues that when output increases, the average costs decline (Besanko, Dranove, Shanley, & Schaefer, 2013). Thus, filmmaking company’s budget could be taken as a fixed cost and company’s output could be measured by films produced, the number of viewers or box office receipts. For example, copies of a film can be seen…

In queuing theory, a discipline within the mathematical theory of probability, an M/D/1 queue represents the queue length in a system having a single server, where arrivals are determined by a Poisson process and job service times are fixed (deterministic). The model name is written in Kendall's notation.[1] Agner Krarup Erlang first published on this model in 1909, starting the subject of queuing theory.[2][3] An extension of this model with more than one server is the M/D/c queue An M/D/1…

This part presents the theories and conceptual issues as well as the empirical reviews that drive the study. With respect to the theories, cultural theory of poverty, the entitlement theory and human capital theory form the theoretical framework of the study; thus, laying the foundation for this research. The combination of these theories was necessary because each one of them alone is insufficient in explaining beneficiaries’ utilisation of social cash transfers. They, therefore, complemented…

In this study, a TVP-VAR model with stochastic volatility is used. Initially, the TVP-VAR model was introduced by Primiceri (2005) and Nakajima (2011) to examine the changes in the transmission of monetary policy and the changes in the variances of the exogenous shocks. This study is the first to examine the changes in the transmission of remittances shocks on inflation, savings and TFP in Saudi Arabia over the period 1970-2012. Following Nakajima (2011), we set up the TVP-VAR model with…

patent has been issued. By filing a patent with the government, the inventor or the company that filed the patent has the exclusive right of producing that technology or product. Without competition in the market, the patent holder can control the supply in the market which…