Economic efficiency

3. Informal sector: A relevant part of emerging markets’ economy is not being captured by GDP. The informal sector, employing millions of people, generating substantial revenues and shaping the economic activity of many regions, is not taken into account in this metric. The informal sector is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, activities of the informal economy are not included in the gross domestic product of a…

at Project Match” Introduction In the case if profitable private or state-owned enterprises are unable to deal with the desired efficiency to meet individual or community needs, private non-profit organizations can show considerable advantages. It includes a variety of voluntary, philanthropic and charitable organizations, which constitute a significant portion of economic activity in the market economies, especially in the area of social services, the importance of which is growing. Project…

focus on the service orientation, and integrated with the terminals or centres to deal with constant unchanged business environments. Ports and shipping sector have been a key factor in the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) region's extraordinary economic growth and development. Nowadays, the port is not a linkage between sea and lands, port also can hold the industrial complexes, warehouses and cities to ensure meet the customers’ demands rose in the…

The bank plays an important role in the growth of the economy of a nation. Bank is a financial institution, which offers the service of deposit and lending of funds. In other words, a bank is an institution that accepts idle resources from the person who has a surplus of funds and makes those funds available to borrowers who have deficits. It looks after the financial troubles of its consumer, so banks act as financial intermediaries between depositors who supply the capital and the borrowers…

The system as a whole contributes to a steady economic growth and shows its efficiency through a low unemployment level (only 4.8%) for a population of 5.3 million people. 3.2. Sweden Environmental issues are present everywhere nowadays, including in Sweden, despite its low density population. These concernshave a…

own self-interest, and in turn act upon that self-interest. Economists have traditionally used the concept to describe a rational individual who quantifies their self-interest while enjoying true economic freedom. These concepts were central to Adam Smith’s notion of the invisible hand and economic efficiency. According to Smith, the most efficient economies are those that allow individuals the freedom to pursue their own self-interest free of government intervention (Ward, 104). Ian Ward, in…

Collaboration is increasingly important in the highly developed society. Today’s society is no longer a self-sufficient one, but one in which all the people depend on each other for existence. Every loaf of bread，every article of clothes, every house or apartment, every means of transportation is the product of cooperative efforts. One can almost accomplish nothing without joint efforts. In “Committees, Juries, and Teams”, James Surowiecki acknowledges that sometimes collective knowledge can…

get the interest of shareholders. They need to maintain its financial strength and also try to increase its market share value in the foreign markets so that it will not be easily take over by competitiors. Due to high competition during and after economic recession, Next need to try as much as possible to provide customers with the best price, service, quality and more stylish, interesting, mainstream products at right time. NEXT should develop its brand by putting more money and human…

Huntington’s definition of developmental goals does not only include growth, but also socio-economic equality, political stability, political democracy, and national autonomy. A GDP measured growth is increasingly criticized for being inadequate for the measurement of social progress or well being. Additionally it is negatively correlated to most…

The first is Electricity Consumption and the second is Urban Population. An article titled “Energy consumption and economic growth in the United States” cites how we were able to correlate an increase of energy consumption to economic growth (Arora & Shi, 2016). This trend, however, appears to be reversing with the increases in higher energy efficiencies. The correlations were proven out in the 1990’s and earlier however further research needs to be completed to see if these hypotheses…