Market economy

increase the spending patterns of the people in the economy so that the inflation rate could be maintained. So the government increases the interest rates. Since the interest rates have increased, people will be more eager to save instead of spend it so that return on the savings can be increased. In this scenario the income is increasing, people have the power to purchase but instead they save it or invest it which further strengthens the economy. This doesn’t have an effect on the living…

With regards to population, employment and production, Finland’s capital and largest city known as Helsinki is one of the fastest growing economies and one of the richest capitals in Europe. Helsinki being one of the richest city in Europe, contributes one third of Finland’s Gross Domestic Product (GDP). Researches show that Helsinki’s GDP per capita is roughly 1.3 times the national average. Finland’s Gross National Product on the other hand, increased to 46671 EUR Million in the second…

Q1. Explain the success of Lenovo (and other companies from emerging markets) on global markets? Lenovo first had its success in China, then it ventured into different other emerging markets such as India and Russia. The main factors of its success in China are as follows Aggressive Pricing: Lenovo priced its products above local competitors but low in comparison to foreign competitors. It could do that due to its low costs. Lenovo provides high quality products at low price. Distribution…

same time they are also looking out for hospitality which is at-par with 5 star hotels. Information needed: 1. Competitors Analysis – To determine the existing market players and barriers to entry in the segment. Competitor’s information will help in judging the price and quality of service to be provided. 2. Market Analysis – The market size data and consumer behavior analysis to know how much they are willing to pay for the provided service. 3. Technology – At what extent new and innovative…

a great impact on the psyche of the masses, and this is a good example. Luckily for South Korea, the compatibility of Confucianism with Western formal institutions like capitalism, democracy and liberalism helped it advance in a Western dominated market. While this works in India’s favour too, for example the Bishnoi tribe and environmental conservation, there are quite a few negatives associated with informal institutions in India. Khap Panchayats are the ugly side of the same, blocking…

1.3.1. From Welfare to Empowerment Approach in Poverty Conceptualisation: - Having conceptualized poverty it is important to note two distinctions in understanding poverty concepts. The first is between extensive and intensive growth. Extensive growth has occurred for millennia in most parts of the world with the aggregate output rising, with the expansion of the population that has taken place over the period of time. Per capita income was however relatively low and stagnant during this phase.…

The largest country in the world, Russia, is one of the most powerful nations. Russia is extremely rich with natural resources. Russia is a country with advanced technology and science. It is a country with high cultural values and magnificent history. Today’s prosperous Russia is thankful to its great rulers such as Ivan the Terrible, Catherine the Great, and Peter I, who was named the Great for his impressive rule. Peter the Great, the last Russian tsar and the first Russian emperor, stands…

Introduction From time to time, the relationship of economic activities and environment are being concerned since the industrialize and modernize activities are flourishing. There is no doubt that human are taking advantage of the environment for commercial purposes directly or indirectly. The harm of these activities are unavoidable such as air pollution, waste pollution and land overused. Green logistic are build on the awareness of balancing the negative impact of logistics activities and…

and analytical history of the Irish economy, 1800-1850” the author Joel Mokyr tries to assess why the Great Famine of Ireland from 1845-1852 was so disastrous. Mokyr is an economic historian and as a result, the book is from an economic perspective and does not consider other factors outside of the economy as causes tot the famine. The majority of the book focuses on the lead up to the event and it is not until the last chapter when Mokyr discusses the economy during the famine. The layout of…

manufacturing and education. The South’s inability to keep pace with the North when it came to industrialization was the main concern of Fred Bateman and Thomas Weiss’ 1981 book, A Deplorable Scarcity: The Failure of Industrialization in the Slave Economy. Drawing from census information gathered in the 1850s and 1860s, they attempt to reason an explanation via economic analysis for why the South fell behind the North in industrialization as well as many other qualitative measures such as…