Macro Class Notes Chapter 1 Scarcity- when wants exceed our means (productive capacity) Marginal- Extra or additional Marginal Analysis- Additional cost vs. Additional benefit. Capital- (not money) Equipment, Machinery, Factories Economics- the study of how we deal with scarcity Utility- pleasure or satisfaction you get from something Inverse- variables move oppositely Direct- variables move together 4 Resource Categories Land (natural resources) Labor Capital Entrepreneurial
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Macro Class Notes Chapter 1 Scarcity- when wants exceed our means (productive capacity) Marginal- Extra or additional Marginal Analysis- Additional cost vs. Additional benefit. Capital- (not money) Equipment, Machinery, Factories Economics- the study of how we deal with scarcity Utility- pleasure or satisfaction you get from something Inverse- variables move oppositely Direct- variables move together 4 Resource Categories Land (natural resources) Labor Capital Entrepreneurial
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money: subsidized firms often targets of nationalization, Happenstance: nationalization of German firms after World War 2. d) Local content requirements Laws stipulating that a specified amount of a good or service be supplied by producers in the domestic market. Issues to consider – cost, lower risk of confiscation and expropriation, impacting local communities 2. Privatization – Transfer of public sector assets to the private sector, Transfer of management of state activities through contracts
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Areas African Markets ROI by Geographical Area Domestic Market 3. 2014 Marketing Plans for African Markets 1. 2014 Objectives 2. Strategy 3. Product Actions 1. 2. 3. 4. 5. 4. Strengths Weaknesses Opportunities Threats 6. Areas of Distribution Points of Sale Correction of On-trade vs. Off-trade Imbalance Share of Wallet Promotion Actions 1. Bibliography MCDI 35 Assessment 4 – Group 5 Shipment Retail Price Estimates (Off-trade) Retail Price vs. Competition 2014 Sales Needed to Reach Objective
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wealth Problems encountered in meeting goals: 1) Agency problems larger for MNCs than purely domestic firms because: a) monitoring more difficult because of geographic distance b) different cultures c) MNC size d) subsidiary managers may maximize the value of their subsidiary but not of the MNC as a whole 2) Centralized vs. decentralized management a) centralized reduces agency costs because it gives parent more
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Free Trade in the Real World: Competing perspectives about the role and impact of trade in developing countries. By James Lawrie Since the end of the Second World War the Western World has lead the way in the quest for free trade between nations. In particular, various arms of The United Nations, chiefly The World Bank, The International Monetary Fund (IMF) and The World Trade Organisation (WTO) have been the main bodies through which the developed world has pushed its agenda of liberalisation
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particularly those countries. Petro-based oil meets about 95% of the requirement for transportation fuels, and the demand has been steadily rising. Provisional estimates have indicated crude oil consumption in 2007-08 at about 156 million tonnes. The domestic crude oil is able to meet only about 23% of the demand, while the rest is met from imported crude. Page 2 of 18 1.3 India’s energy security would remain vulnerable until alternative fuels to developed based on indigenously
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rooted from China’s inexpensive sales of cheap steel products (Gael, G., 2013). Nucor’s CEO has pleaded for restrictions to be made on trade of Chinese made steel (Gael, 2013). India is in the world’s top 10 largest economies by nominal gross domestic product (GDP), the 7th largest country and is the 2nd most populated country; this means that the country has much to offer. India’s economy is still growing and opportunities are readily available for MNCs to take advantage of once they overcome
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* It was drunk in family as traditionally from grandpa to son * Mostly the mountain main was sold at liquor store (off-premise) 70% * Competition fell into 4 categories …. 1. Major and second-tier domestic producers, Import beer companies, and specialty brewers. * Major domestic producers – based on economies
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