Economics Assignment Question 1.1: Resource Allocation Economics for Business & Management Abstract In this section of the assignment we focus on the question: “Examine the arguments in favor of a free-market system of resource allocation”. (Negru‚ 2011) The arguments for and against a free-market system are not black and white‚ therefore they have been discussed among economists for hundreds of years and no solution or conclusion has been found yet. In this assignment we briefly discuss the
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and has now extended to over 500 across all the branches. Promoters As per the proclamation of 1968‚ 51% of the share capital was held by the Government of Sikkim and the remaining share was held by united commercial Bank Ltd (UCO bank). Post nationalization of the UCO bank the Government of Sikkim took over the entire operation of the
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The association of the rupee with pound sterling as the intervention currency was broken in A. 1990 B. 1991 C. 1992 D. 1993 ------------------------------------------------- Top of Form On which one of the followings is the benefits received principle of taxation to achieve optimality bases? A. Marginal benefit received B. Total benefit received C. Average benefit received D. Ability to pay for the benefit ------------------------------------------------- Top of Form Ashoka‚ the great
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2 National Differences in Political Economy Global Political Economy Global political economy (GPE) is an academic discipline within the social sciences that analyzes international relations in combination with political economy. Political economy is most commonly used to refer to interdisciplinary studies that draw on economics‚ law‚ and political science in order to explain how political institutions‚ the political environment‚ and the economics mix with each other. 1 Roles of History
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defeated two challenges from Gingrich in 1974 and 1976. He also selected Mac Collins‚ the former Democrat turned Republican‚ who succeeded Gingrich in the 1990s. In his analysis‚ Fenno explored what historian Dewey Grantham described as the "nationalization of southern politics" in The South in Modern America (pp. 281-310). The political realignment that began with the modern Civil Rights movement accelerated during the Reagan
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Banking crisis To have a better understanding of 2008-2009 financial crisis we need to know where does it start and why it become global issue. The main reason for this financial meltdown of the economy was the Collateral debt obligation and rating agencies who rate them. CDO is acronym for Collateralized debt obligation. Longstaff and Arvind (2008) describe CDO as: “financial claim to the cash flows generated by a portfolio of debt securities or‚ equivalently‚ a basket of credit default swaps
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India is a new emerging economic power in the world. Though the 21st first decade saw a global level financial crisis‚ India didn’t wilt under its pressure due to it’s the Government’s progressive policies and full-fledged reforms. Particularly‚ nationalization and liberalisation were the real saviors of India from the recession. Also‚ the national sectors and global raid helped to maintain the economy in proper way. Introduction India is an exponentially growing economic powering the world. Indian
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Iran Hostage Crisis Imagine being held hostage for four hundred and forty four days. The thought alone is scary but this was reality for Fifty-three Americans when they was held hostage at the U.S. Embassy in Tehran‚ Iran. This was a tough situation because America and Iran had bigger problems to deal with. Insurgency broke out and former King Reza Shah Pahlavi was forced into exile by the people of Iran. The United States backed the former King and when Pahlavi came to America looking for refuge
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Risks must not be viewed and assessed in isolation‚ not only because a single transaction might have a number of risks but also one type of risk can trigger other risks. Since interaction of various risks could result in diminution or increase in risk‚ the risk management process should recognize and reflect risk interactions in all business activities as appropriate. While assessing and managing risk the management should have an overall view of risks the institution is exposed to. This requires
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2. What are the objectives & achievements of bank nationalization in India? Objectives- According to the Banking Companies Act‚ 1970‚ the aim of nationalization of banks in India is “to control the heights of the economy and to meet progressively and serve better the needs of development of the economy in conformity with national policy and objectives.” 1. The elimination of concentration of economic power in the hands of a few 2. diversification of the flow of bank economic credit towards
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