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1. 2 2. DEFINITIONS‘ FORGDPThere are three ways to defineGDP. Each definition is conceptuallyidentical.3 3. I. GDP is equal to the total expendituresfor all final…
1. April 14, 2011 2. Defining Globalization Economic globalizationis a “set of processes leading to the integration of economic activity in factor, intermediate, and final…
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By Prof K. Bhargavi The labour and capital of a country acting on its natural resources produce annually a certain amount of goods and services which is called the National…
Economic Environment of Business 1 Business Environment The term Business Environment is composed of two words ‗Business‘ and ‗Environment‘. In simple terms, the…
1. 4- Chapter Four The Economic Environments Facing Businesses 2. Chapter Objectives To understand the importance of economic analysis To identify the major dimensions of…