Economics
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Characteristics and Functions of Capital
Characteristics of capital - Functions of capital - Capital as a factor of production - Capital and wealth - Capital and income - Capital and money - Differences between capital and land
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Price Controls: A Price Ceiling and a Price Floor
What is a price ceiling and what is a price floor? Reasons for implementing them, their effects and examples of each.
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CAUSES OF INDUSTRIAL BACKWARDNESS IN PAKISTAN
The causes of industrial backwardness in Pakistan are varied and complex. The Government of Pakistan since 1947 is trying to develop industries and infrastructure facilities for the growth of industrial sector, yet it...
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WHAT ARE THE VARIOUS CHARACTERISTICS OF SUBSISTENCE FARMING
HOW A SUBSISTENCE FARMING CAN BE TRANSFERRED TO A COMMERCIALIZED FARMING OR GIVE THE MAIN FEATURES OF TRADITIONAL AGRICULTURE. ENLIST THE FACTORS WHICH PROMOTE TRANSITION FROM SUBSISTENCE TO COMMERCIALIZED FARMING What...
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Henri Fayol - Elements of Management by Henry Fayol
Henri Fayol was a French mining engineer and management theorist. He developed the theory of Scientific Management. Fayol listed and reviewed fourteen principles of management.
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The International Shipping Accidentology
Accidentology means the scientific study of accidents, In this article according to the last result of maritime accidents, we will try to classify them with respect to causal factors, type of ship, age of vessel,...
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Amartya Sen’s Capability Theory of Development and Poverty
Amartya Sen’s capability theory sees development as expansion of people’s capabilities. It is a people centric multidimensional approach and goes well beyond economic growth.
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Scarcity Definition of Economics
Marshall’s materialist definition of economics was unable to convince Lionel Robbins. Therefore, Robbins attempted to define economics in a better sense in his book...
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How to Calculate Growth Rate
Growth rate can be viewed and expressed or defined in a number of ways. Having a more candid and specific definition for it, will help to have a greater hold on growth rate. Now what is growth rate? Growth rate can be...
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Is Economics a Science or an Art?
Answering whether economics is a Science or an Art is a challenging task because of numerous convincing arguments. Economists are significantly and divergently grouped on the subject whether...