arbitrage enhances efficiency, productivity and welfare. 2.2.6 OIL PRICE AND EXCHANGE RATE According to Adedipe (2004) the different exchange rate regimes in Nigeria can be classified into different periods relating to vagaries in the international oil market. 2.2.6.1 The Post-Independence Era (1960 – 1971) The Nigerian currency was pegged at par to the British pound sterling (GBP) using administrative measures, to sustain the parity. The devaluation of GBP in 1967 made Nigeria adopt the US dollar, which
All manufacture of paracetamol follows PNCB process route. Manufacturers of paracetamol in India use PNCB route and iron / hydrogen reduction to obtain Para amino phenol (PAP), an intermediate for paracetamol. Chlorobenzene with hydrolysis is carried out by the reaction of 9% caustic soda solution with pnitrochlorobenzene. The reaction mass is filtered and with appropriate process control and proper design of the reactor, the yields are optimized, leading into lower requirement of inputs and production
The world is often categorized using size of development, dividing nations into the "developed" and "developing." These are generally based off of judging a country's development, but with this we need to ask ourselves: what do we mean when we say "developed," and why have some countries attained this status of being “developed” while others have not? Since the beginning of the 20th, many brilliant academics and scholars have sought to answer this question, but in doing so, have created various models
Bubble-cap "trays" or "plates" are used to provide good contact between the up flowing vapour and the down flowing liquid inside an industrial fractionating column. The efficiency of a plate is less than that of a theoretical 100% efficient equilibrium stage and due to that reason, a fractionating column always needs more actual, physical plates than the number of plates required theoretically. In certain industries, a packing material is used in the column instead of trays as when operating under
ANALYSIS OF A MONOPOLY: THE DEBEERS DIAMOND COMPANY ECONOMICS PROJECT SUBMITTED BY ANKITA GAUR (2013-10 NALSAR UNIVERSITY OF LAW TABLE OF CONTENTS Contents Introduction 3 History and Monopoly Formation of DeBeers 4 Market Practices Of DeBeers And Its Evolution 7 The Fall Of DeBeers And The Current Scenario 10 Conclusion 13 Bibliography 14 INTRODUCTION “A gemstone is the ultimate luxury product. It has no material use. Men and women desire to have diamonds not for what they [diamonds] can do