In a three-sector economy, the circular flow of income involves households, firms, and the government sector. The government acts as both a firm and a consumer, producing goods and services while also spending on consumption. The flow of income includes transfer payments, factor payments, taxes, sub

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The circular flow in a four-sector economy involves households, firms, government, and the foreign sector. Each sector plays a crucial role in money flows and payments, contributing to the continuous flow of income. The financial market also has a significant impact on the economy by accumulating sa

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Economic activities encompass the production, distribution, and consumption of goods and services within a society. Economists classify economic activities into four main sectors: Primary, Secondary, Tertiary, and Quaternary, each with distinct roles and functions. The Primary Sector involves raw ma

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Explore essential terms in economics such as command economy, consumer, demand, economic system, free enterprise system, goods, innovation, market economy, marketplace, mixed economy, needs, producer, profit, resources, scarcity, services, supply, technology, trade-off, traditional economy, and want

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The presentation discusses the significance of the informal sector in the Malagasy economy, its role in providing goods and services, and how it cushions economic shocks. The paper's objectives include valuing the economy, estimating informal sector accounts, and formal and informal employment. Defi

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Nigeria Export Promotion Council (NEPC) focuses on diversifying Nigeria's economy by promoting non-oil exports for sustainable growth. The Blue Economy concept involves sustainable use of ocean resources for economic development. Nigeria's abundant ocean resources such as maritime transportation, fi

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The National Transport Research Centre in Pakistan is focusing on the logistics sector to enhance the country's competitiveness. The National Freight & Logistics Policy aims to address various challenges such as an outdated truck fleet, bottlenecks in port access, and outdated transport laws. Effort

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Explore the course outcomes of the Indian Economy, covering economic development, policies, population growth, planning, agriculture, Kerala's economy, and resources for further study. Access government data and publications on the Indian economy for comprehensive learning.

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Explore the legal implications of the digital economy in Malawi as discussed at the ICAM Annual Lakeshore Conference. Topics include the Electronic Transactions and Cyber Security Act, principles of implementation, Malawi CERT, data privacy, and the significance of the digital economy in transformin

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In a two-sector economy with a financial market, households and firms engage in savings, investments, and borrowing through the financial market, unlike the simple circular flow assumption where no savings are made. This interaction between households, firms, and the financial market plays a crucial

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The public sector, private sector, and joint sector play crucial roles in the economy. Public sector includes government services and enterprises, while private sector focuses on profit-making activities. Private sector contributes significantly to national income, generates employment, and ensures

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Modern business in the Indian economy is characterized by large size, oligopolistic nature, diversification, global presence, technology orientation, and changing government regulations. The Indian economy features a mixed economy with both private and public enterprises, low per capita income, uneq

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India's gig economy, spearheaded by initiatives like IWWAGE, is reshaping the future of work, particularly for women. Key questions revolve around the gig economy's impact, legislative frameworks, and COVID-19 repercussions. Academia investigates the rise of gig work, focusing on platforms like Uber

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Explore the dynamic landscape of strategic creativity in tourism business through the lens of the experience and attention economy. Discover how creativity-based approaches can reshape planning and generate novel opportunities in the tourism sector. Delve into the concepts of the experience economy,

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The presentation outlines the thriving ocean economy, the concept of the Blue Economy, the World Bank's approach, risks faced by oceans, and the impact of marine pollution on Small Island Developing States and coastal regions. It emphasizes sustainable development of oceanic activities, collaboratio

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The briefing presented on 26 November 2019 in Cape Town highlighted the transformation of the financial sector, focusing on the implementation of recommendations, updates to the Financial Sector Code, and the way forward. It included the rebranding to the Financial Sector Transformation Council, the

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The service sector in India, also known as the tertiary sector, has seen significant growth and plays a vital role in the economy. Accounting for around 60% of the GDP, it encompasses various industries like retail, banking, education, and more. The sector has attracted foreign investments, contribu

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The public sector in India plays a crucial role in economic development, but faces challenges like managerial, financial, and operational issues. To enhance effectiveness, it needs better planning, coordination, transparency, accountability, and adoption of new technologies. Addressing these challen

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Explore opportunities for private sector engagement in delivering climate solutions in the agriculture sector to meet NDC/NAP ambitions, including panel discussions with various actors and investors, highlighting emerging investment opportunities and barriers hindering funding towards climate-relate

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Research outcomes from the Mesmer+ project at HIVA KU Leuven reveal misalignments in social dialogue inclusiveness, challenges faced by social economy entities, and the role of employers in the social economy. Recommendations include enhancing the role of social economy employers and promoting inclu

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The discussion focuses on the importance of the green economy for BRICS nations, suggesting ways for collaboration, especially in addressing climate change and transitioning to a low-carbon economy. The BRICS countries play a crucial role in global stability and sustainable development. Features of

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Techera, a cluster project in the Adriatic Sea, aims to promote emerging technologies in the blue economy sector by capitalizing on previous projects like SUSHIDROP and PRIZEFISH. With a focus on data-driven solutions and innovation, Techera aims to enhance competitiveness and sustainability in the

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Pandemics have a significant impact on the shadow economy, influencing the legal economy in various ways. The shadow economy serves as a buffer for high unemployment rates and can contribute to budget revenues through legal spending. Studies suggest that a growing shadow economy may reflect dissatis

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The presentation by Miss Rosemary Siyachitema at the Confederation of Zimbabwe Retailers Breakfast Meeting highlighted the challenges of the ongoing cash crisis in Zimbabwe. Major causes include the introduction of Bond Notes and Statutory Instruments, dependency on foreign currency, declining inves

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This mid-year sector review delves into the healthcare industry, highlighting key aspects such as companies catering to health needs, market segments, sector outlook, recent headlines, macroeconomics, and key drivers like governmental regulation, R&D, and the economy. The analysis covers a range of

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Growing interest in measuring the Social and Solidarity Economy (SSE) has led to significant work in the past decades. However, various definitions, methodologies, and legal frameworks make it challenging to compare or aggregate data on SSE across different countries. Methodological challenges inclu

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The shift towards a service economy has transformed marketing practices, leading to the emergence of Services Marketing as a distinct discipline. This evolution highlights the unique characteristics of services, such as intangibility and simultaneous production-consumption. The 1980s mark a pivotal

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The concept of the informal economy, formal arrangements, and the distinction between informal sector and informal employment are explained in detail. Recommendations and resolutions from ILO concerning the transition from informal to formal economy, statistical guidelines, and definitions are highl

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This report delves into the effects of the gig economy on racialized and immigrant populations in Toronto. It outlines research findings, stakeholder insights, and strategic recommendations to address the challenges faced by marginalized groups in the gig economy. The study aims to shed light on the

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The webinar on The Learning Consortium for the Creative Economy discussed key topics such as agenda details, presenters' backgrounds, poll results, and insights on the Creative Economy and its importance. Participants engaged in discussions on topics like the Recap on the Creative Economy, Scaling o

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This presentation delves into the sovereign debt crisis in Europe, highlighting its causes and lessons learned. It discusses the role of the public sector in relation to the private sector's performance, the impact of political systems on public sector accounting reforms, and the need for a harmoniz

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The Health & Social Care sector is facing key skills challenges such as doing more with less, attracting talented individuals, and addressing skills shortages. The sector plays a crucial role in providing services like residential care, hospital activities, social work, and more. With an aging popul

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Joint Annual Health Sector Review and Sector-Wide Approach evaluation in Mozambique focus on assessing the performance of the health sector, enhancing communication between Ministry of Health and partners, and ensuring consistency and credibility of health sector information over the years. The proc

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The Voluntary Community and Social Enterprise (VCSE) sector plays a crucial role in Integrated Care Systems (ICS) in the UK. With over 166,854 registered voluntary organizations and a significant contribution to the economy, the VCSE sector brings diversity, innovation, and valuable assets to the he

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This discussion delves into the intersection of coal combustion products and the circular economy, emphasizing the need for continuous re-evaluation of resource chains, ecosystem metabolisms, and industrial innovations to ensure sustainable environmental practices and economic growth. Exploring the

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Materials Sector overview and analysis for Autumn 2021, including SIM Holdings & Allocation, Sector Performance, Business Cycle analysis, External Factors affecting the sector such as COVID-19 impact and supply chain issues, and Supply and Demand dynamics. The report discusses the current state of t

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Delve into the intricate world of the informal economy, exploring its significance, measurement objectives, and the various schools of thought that make it a controversial topic. Gain insights into the definitions of the informal sector, employment, and economy, and understand the framework and cate

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Creating an ecosystem for social and green economy in the Western Balkans is crucial for fostering peace, reducing disparities, and promoting sustainable business models. Initiatives like promoting innovation, job creation, and skills development among young entrepreneurs are key to driving growth a

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Discover various job application strategies based on sector (Private, Public, Non-Profit), industry (Education, Healthcare, Construction, Business, etc.), and level (Entry-level, Specialized, Leadership). Learn where to find specific job postings, whether on job aggregators, sector-specific boards,

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The role of the electricity transmission utility in building an inclusive energy sector for a sustainable future is crucial. Sector reforms have led to the restructuring of the electricity supply industry in Ghana, promoting efficient supply of competitively priced electricity driven by private sect

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