Problems Of Economic Democracy

The main problem of economic democracy goes with modern society capabilities of purchasing its output production. This problem lies literally speaking in a matter of not earning enough income. Command economies dominate and balanced mixed economies existed only for some shirt periods of time. Dangerous trends are powered by common resources that often are being monopolized by big imperial centers. With power and wealth being placed in one center a huge-scale social imbalance is rising in pair with economic looseness.

Economic democracy, like any other system considers wealth as a total of all material things produced to satisfy desires of people, plus exchange value. We need to count labor and land as two most important factors in wealth production. The land is not only about owning a part of our planet but all the natural forces, resources and opportunities that comes with a land. Human exertions is labor. Any small portion of wealth that is used to gain more wealth is called the capital.
From the end years of 19th century we know that the most of wealth is always created (of course in capitalistic economy of free market) by the land owners and all the monopolists. This produces masses of unearned wealth providing common poverty. From this point of view private savings are not necessary for economy to grow, but could also have harmful influence. As money became successful mechanism of commanding people, in every advanced industrial society business credit is necessary. Credit is ofter cheaper than stockpiling cash for longer period of time. And that also could prove that even big, old and rich companies must invest in innovation systems to provide successful future. Those words, by Henry George are considered wise even now, and it is good to know how capitalism is really working

Recession occurs when all those private savings are not reinvested again. It can also result in unemployment and massive fall of live level. Even retained earnings must be spent because if those are deposited in bank may not result in new purchases. The whole economy is based not on earnings but on exchanges. The capital must flow from hands to hands to increase people wealth. This simple idea stands behind all the secrets of modern economy and all financial collapses. If the proper flow of cash is reduced, the whole system is catching a cold. If the money flows without any problems “” we have golden years of prosperity.

Importance Of Duality Concept In Or And Economic Importance Of The Duality Concept

This is MBA assignment question for MB0032 of SMU. The question is – Why Duality concept is important in OR? Describe the economic importance of the Duality concept.

The importance of duality concept is due to two main reasons:

a)If the primal contains a large number of constraints and a smaller number of variables, the labour of computation can be considerably reduced by converting it into the dual problem and then solving it.
b)The interpretation of the dual variable from the loss or economic point of view proves extremely useful in making future decisions in the activities being programmed.

Economic interpretation of duality:

The linear programming problem can be thought of as a resource allocation model in which the objective is to maximize revenue or profit subject to limited resources. Looking at the problem from this point of view, the associated dual problem offers interesting economic interpretations of the L.P resource allocation model.

We consider here a representation of the general primal and dual problems in which the primal takes the role of a resource allocation model.

From the above resource allocation model, the primal problem has n economic activities and m resources. The coefficient cj in the primal represents the profit per unit of activity j. Resource i, whose maximum availability is bj, is consumed at the rate aij units per unit of activity j.

Economic interpretation of dual variables:

For any pair of feasible primal and dual solutions, (Objective value in the maximization problem) d (Objective value in the minimization problem)

At the optimum, the relationship holds as a strict important.

This relationship implies that as long as the total return from all the activities is less than the worth of the resources, the corresponding primal and dual solutions are not optimal. Optimally is reached only when the resources have been exploited completely, which can happen only when the input equals the output (profit).

Economically the system is said to remain unstable (non optimal) when the input (worth of the resources) exceeds the output (return). Stability occurs only when the two quantities are equal. This is the most important aspect of economic importance of dual variables for MBA assignments.

economics homework help 7

Economics Homework Help Be bright at your study time Summary: In college study time you need to bright enough. You need to face any kind of educational challenges. If you are not bright you will lose many things. If you are bright you can create a right future for your future life. College life is the best time to decide your future.

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Sensex India Role And Economic Scenario

Economic slowdown has its effects on each and every segment in varying intensities and the stock market is no exception. There is no panicky situation at present; the recession that turned many face severe financial crunch is now over. And recovery is in full swing. In fact, the BSE sensex, compared to other world stock market indices, has been exhibiting a fast upward trend. It is the Sensex India figures on the positive flow that has led many foreign investors to invest in the Indian market.

Investors trading in BSE stocks thus have reasons to smile. The Bombay Stock Exchange (BSE), Asia’s oldest bourse, has played an instrumental role in giving shape to the Indian capital market. What was started by a group of experienced stock brokers is today one of the top rated stock exchanges in the world. The BSE is still a major contributor in the capital market, raising funds from the general public, facilitating companies further expand business horizons as well as generating capital for the Government’s developmental activities. In terms of the number of transactions taking place in all the stock exchanges of the world, the BSE stands fifth. The 30 most active stocks of various sectors traded via the BSE are a source of survival for many, encompassing stock brokers, investors, companies, and more.

Market analysts and experts who have been studying the BSE sensex closely for years together, witnessing both rise and fall, have predicted that infrastructure, finance, real estate will be the key booming sectors in the years to come. Investors are now eager to put in their resources in these areas besides other sectors which they feel will maintain a balanced trend.

As a market indicator, the BSE sensex shows both the profit margin and loss of the companies registered with BSE. The rise and fall of any sector or a company exhibiting a low ebb while another high in the graph are all a result of market volatility. Market situations govern companies’ performance. And the performance of all Sensex India companies is measured in the sensex index. This sensex index figures may seem confusing to novice investors. But they pick up momentum once they understand the implications. The investor who does get updated with the latest happenings of the market stays at the winning edge because knowledge of the market is a must before investing.

Business Blog Success Keeping The Focus On A Blog On Economics And A Blog On Leadership

Business leadership and economics are important topics in todays world, yet it is hard to get serious discussions without politics, advertising, and corporate agendas interfering. One way to get multifaceted perspectives on an issue to work toward a common goal is through a business blog.

A blog on economics or a blog on leadership will generate discussion from all over the world. A business blog allows you to invite and screen members, track readership and hits per page, and offers the opportunity for interactive dialogue and criticism.

A blog on economics can you inform readers about economic issues with a broad range of perspectives. A blog on economics will allow you to share your own knowledge and opinions on a given topic. An in-depth blog on economics will also use facts based on cited evidence to support analysis of economic issues.

A blog on leadership may cover global topics, business issues, social concerns, or leader profiles. A blog on leadership may also offer advice and tips for leadership skills for specific professions, such as lawyers or corporate leaders. Many times authors of leadership books will have a related blog on leadership to answer questions from their readers.

Setting up a business blog is relatively easy. The more focused your business blog is, the more likely you will find an audience. Obviously, the more experience you have on a given topic, the more credible your business blog will be. Selecting a domain name for your business blog is the first important step to drive people to your site. The more focused on the topic, the more likely readers will find you.

The biggest decision when creating a blog on leadership or a blog on economics is whether or not you will host the blog yourself or use a free blogging service. The problem with free blogging services is that you dont get your own domain and do not actually own your blog. If you ever wanted to move your business blog, you would be unable to take your readers with you without control of the site.

Whether you are interested in creating a blog on leadership or a blog on economics, keeping your business blog focused and interactive will engage readers. Allowing a broad range of opinions as well as facts that back up arguments or analysis will give your site credibility that will build reader trust.

Learn The Easy Techniques To Make Your Economics Easy And Simple

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Guangxi Promote The Trade Between China And Asean

Vigorously promote the construction of a common market, the Guangxi into a base of China-ASEAN trade, which is China – ASEAN Free Trade Area between the two sides deepen cooperation and concrete manifestation of the inevitable demand. And Guangxi, China and ASEAN trade has become the base conditions. In recent years, trade between Guangxi and ASEAN accounted for Guangxi’s total foreign trade has gradually increased, from 25.9% in 2003 increased to 34.8% in 2009. ASEAN as Guangxi’s largest export market and the largest import market position has been further consolidated. Guangxi and the ASEAN market is highly complementary, mechanical and electrical products, agricultural products and textiles in Guangxi’s main exports to ASEAN. In 2009, export of electromechanical products in Guangxi to ASEAN accounted for 30.4% of exports. Imports of mineral products and agricultural products are the main products of Guangxi in 2009, together accounted for 86.5% of imports from ASEAN, including coal, iron ore, manganese ore, titanium sand, palm oil, fruits, cassava, timber and natural rubber, which some of the products China imports from ASEAN accounted for a larger share. Accelerating the transport and logistics infrastructure, also makes contacts in recent years, ASEAN through Guangxi Port rapid growth in the goods market, Guangxi, China and ASEAN is becoming a distribution center of goods. Exports to ASEAN through Guangxi Port of cars, clothing, fertilizer, steel, and imports from ASEAN coal, iron ore, palm oil, refined oil products grew rapidly. In the free trade area, led by construction of Guangxi and the ASEAN common market will greatly promote the growth and development of Guangxi’s economy, help to promote Guangxi’s open economy and the overall opening-up levels. Construction of Guangxi and the ASEAN common market, the basic idea is to China – ASEAN Free Trade Area, and mutual cancellation or reduction of tariffs and non-tariff barriers as an opportunity, through the expansion of bilateral trade between Guangxi and ASEAN to speed up the construction of the common market; by expanding the depth of the traditional ASEAN market, vigorously develop new ASEAN market, to achieve comprehensive development; expansion of processing trade, stability, border trade; encourage potential and market demand for products to enter both markets, optimize the structure of import and export commodities; training for the ASEAN market of business entities; steady progress in China – ASEAN trade bases. The overall objective is to strive to 2011-2015 the average annual trade volume between Guangxi and ASEAN increased by 25%, among the nation continued to import and export volume accounted for the proportion of trade between China and ASEAN to further improve. By 2020, strive to make Guangxi become an important distribution center of goods between China and ASEAN, and the completion of China exports to ASEAN’s important manufacturing base (china business), imports of vital resources and raw materials base in China and ASEAN commodity trading base in China and ASEAN businessmen gather and exchange Commodity exhibition base (china trade). From: china wholesale