idea that it is possible to increase the wealth of a nation only at the expense of other nations and trade cannot be mutually beneficial to all nations. However, this strand of thought was soon disregarded with the acceptance of Smith’s absolute advantage theory and later, the more widely acknowledged
discuss the concepts of value, exchange, scarcity, comparative advantage and production. All of these concepts are very important should one wish to have a good understanding of the supply, demand and equilibrium concepts. Scarcity is the idea that there is a limit on supply but demand for something is unlimited. This concept is important in understanding supply and demand because companies attempt to reach a price in which the amount of good supplied is equal to
Advantages: • Mail surveys are least expensive. • The questionnaires can include pictures and sound documents. • Mail surveys allow the respondent to answer at their free time rather than busy or working time. • Do not skip any question. Disadvantages: • Many people despise spontaneous email much more than spontaneous consistent mail. You might need to send email surveys just to persons who hope to get email from you [8]. • Some respondents responds several times. . For survey design, first we
increasing significant of online shopping arouses public concern. Some customers appreciate this form of shopping due to its convenience. While some of them concern that it might trigger negative effects on teenagers. This paper examines both the arguments for and against Hong Kong teenagers using Taobao for online shopping. Following this, a conclusion would be delivered to summarize both the advantages and disadvantages of the issue. One of the advantages of shopping online via Taobao is convenience
or lesser extent. Act on Disclosure of Information by Public Agencies, 1996 Act enacted in 1996 by the South Korean government with the intent of ensuring people's right to know and to secure participation of the people in State affairs. The Act is enforced to promote transparency in the operation of state affairs. Act provides an obligation to the government for disclosing the matters concerning the information possessed and managed by public
the public and private sectors to flourish in sectors where they do best, will be best suited to Nepal. The state alone cannot transform the economy. If it could, China and Vietnam would not have done everything to promote domestic and foreign private investment. As for the growth model, there are several of them, but let me mention two of them: Balanced growth model and Unbalanced growth model. In the first model, you sprinkle resources across sectors without regard to comparative advantage, productivity
barrier to transactions involving exchange of capital, services and goods. Its functions are based on four principles that involve significance of economic development that suggests corporations should be subjected to reduced government rules and regulations and free operation of internal and global markets. The second principle includes the beneficial factors of free trade to all nations as they all possess a comparative advantage. Thirdly, the inefficiency and waste associated with government spending
In the empirical section, brief literature review will be provided by some authors who will try to demonstrate the benefits as well as the weaknesses associated with FDI for various countries. Most studies have taken into consideration variables related to capital, trade openess, labour cost, human capital and technology. 2.1.1 Theroretical Background In this section, many theories have been designed to help in shaping the concept of FDI. Studies have shown that theories of FDI had evolved through
which is strong public acceptance, competitiveness, legal protection and Muamalah hire-purchase bill.It is hoped that issues related to Islamic hire purchase can be solved by Shariah regulation. Therefore, the effort should be strengthened to provide a better application in financial institutions. This recommendation will help AITAB to be accepted in current practices. Hopefully, AITAB can contribute to the Malaysian economic growth and development of Islamic banking. STRONG PUBLIC ACCEPTANCE In
developed countries provide unlimited demand for goods, countries with a low level of per capita income may show economic growth. This happens due to considerable differences in manufacturing costs. It is, for example, a common practice of offshoring in the Asian countries, like Vietnam or Taiwan. This assumption is supported by the Heckscher-Ohlin model, which states that underdeveloped countries have the comparative advantage in producing labor-abundant goods. For instance, economist Milanovic (2002)