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Papers on Economics
Casinos
Number of words: 554 | Number of pages: 3.... number of restaurants
was reduced from 243 to 146. By providing everything a person needs, the
casinos are designed to keep people inside. The truth is casinos drain money
out of an area into a far away bank account, most often never going back into
the community. Casino revenues may look good on paper to the average person, and
to politicians who are constantly being pushed to gain more revenue. In reality
they are almost a nightmare to the small locally owned businesses. Jobs are one
of the main reasons for the growth of casinos.
Across the continent casinos have created tens of thousands of jobs for
unemployed people (Cl .....
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China's Economic Future Outlook
Number of words: 969 | Number of pages: 4.... genius allowed the
farmers to become rich. He also introduced the "open-door policy" which is
proving to be very beneficial, as they follow in the footsteps of their
strong rich neighbours. Mr. Perkins believed four conditions must be met
for a market system to work well in reforming centrally planned economy. I
believe if China continues to improve its productivity, and the number of
monopolies decrease as studies show, China will move into a capitalist
front only to prosper. An Inflationary crisis within two years will test
the government's reformist mettle:
The 14th Communist Party Congress, set the official seal on t .....
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Monetary/Fiscal Policy
Number of words: 1455 | Number of pages: 6.... grows about $10,000 per second(see charts 2,3,and 7). President Clinton,
Chairman Greenspan, and Congress are all working towards a balanced budget by
the year 2002. As many economists explain , the need is for legislation to keep
the budget balanced for years to come and not look for a quick fix to balance
the budget for only a few months to quiet critics. The government takes steps
constantly to balance the budget; economists say that the chances of inking a
deal this year are better than ever.
President Clinton has currently proposed an offer of $100 billion in tax cuts
through 2002. These cuts are aimed at giv .....
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Why Is Monopolies Harmful And How Can Regulation Ameliorate These Harmful Effects?
Number of words: 876 | Number of pages: 4.... to maximise
profits. Equating MC=MR yields an output of Qm and a price of Pm. If the same
industry existed under perfect competition however, the price would be Ppc and
output would be Qpc since under perfect competition P=MC=AR. The price in such a
situation would thus be lower than under monopoly and output would be greater.
Consumers obviously benefit if this is the case since P=MC implies P=Marginal
utility so that consumers are maximising their total utility(Under monopoly P>MC
and therefore arguably, not the optimum).
In the long run under monopoly, supernormal profits persist. Under perfect
competition complete freedom of .....
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The World Bank
Number of words: 685 | Number of pages: 3.... along with the other six industrial large nations ( together they form the G-7 ) amass a little less than fifty percent of the holdings. The bank’s headquarters are located in Washington D.C.. It is often here that its Board of Executive Directors, representing all member countries, debate and decide upon new policies and practices.
is very set in their lending ways. The Bank in no way donates or grants any money, all loaned funds must be paid back accordingly. The loans the bank gives generally falls into one of two categories. The first is to developing countries that are able to pay near-market interest rates. The money to su .....
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Describe The Roles Of Government In The Present Business Environment
Number of words: 407 | Number of pages: 2.... of the government to change its
levels of income and expenditure, through the annual budget. By budgeting for a
deficit or surplus, the government will contract or expand the economy. e.g If
the government needed to cut unemployment they would budget for a deficit so
more money is injected and less money is taken from the economy by less taxes
and higher expenditure raising employment.
Monetary policy can also raise the level of economic activity. It
controls the availability of money by influencing the level of interest rates.
Lowering interest rates encourages people to spend and borrow while higher
interest rates encourages p .....
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Rainforest Cafe, Inc: Outline To Rainforest Cafe Research Report
Number of words: 1320 | Number of pages: 5.... there should not be a lasting impact
on the company (Nielson, November 18, 1996).
Background. O'Dowd is a director of Elephant and Castle Group, Inc. He was
previously the Corporate Director, Food & Beverage Services for Holiday Inn
Worldwide from July 1987 to May 1995. From August 1985 to July 1987, O'Dowd was
Vice President and General Operations Manager for the Hard Rock Cafe in New York.
Management Philosophy. Berman and O'Dowd stated that they are committed to
identifying and acquiring the resources that will allow them to continue their
high rate of growth.
Main Activities
Rainforest Cafe has two areas of each faci .....
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Preferential Hiring
Number of words: 2101 | Number of pages: 8.... society.
Martin Luther King Jr. had a dream: "I have a dream that my four
little children will one day live in a nation where they will not be judged
by the color of their skin, but by the content of their character." He
desired a world without discrimination, without prejudice, and without
stereotypes. The fundamental lesson years of discrimination should have
taught is that to give anyone preference based on skin color, sex, or
religious beliefs is, in one word, wrong. As Martin Luther King Jr. stated,
judgment based on skin color must not exist. All preferential hiring does
is keep judgments based on skin color a .....
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The Government's Spending Plan To Reduce The Budget Deficit
Number of words: 2577 | Number of pages: 10.... government as in business you get what you pay for--and in the case of taxes, he theorizes, the more citizens pay on a local level the more likely they will be to insist that they get their money's worth. Inadequate funding for schools and salaries so low that they fail to attract competent individuals to civil service jobs ultimately cost the citizenry more than would a tax increase. Because Americans are not willing to spend the appropriate amounts at the local level to assure that salaries for teachers and civil servants are sufficient to attract the best and the brightest, they are doomed to dissatisfaction with their local gov .....
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Warner-Lambert
Number of words: 2968 | Number of pages: 11.... be a key player in the Ethical Pharmaceutical industry. Pharmaceutical preparations, comprises of firms that manufacture, devise and process medicinal component into finished pharmaceuticals for human or veterinary use. Pharmaceutical preparations comprise ethical brand name and over-the-counter drugs and generic substances. The three main divisions of W-L are Consumer Healthcare business, Confectionery business and Pharmaceutical business.
Warner-Lambert Sales:
Warner-Lambert’s sales achievements in the US, for 1997, are as follows: Pharmaceutical sales in the US increased 84% to $2,170 million. This increase was attr .....
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