26Nov 2018 by Reese Bannister

7 Major Population Problems of Developing Countries

Workforce
The growing pressure of population on resource base, especially on arable land, has created many socio-economic, cultural, political, ecological and environmental problems. The population problems vary in space and time and differ from region to region.These problems may be more systematically examined if we take them in the context of developed and developing countries separately. ADVERTISEMENTS: Most of the world population lives in the developing world. China and India support over 23 per cent and about 17.6 per cent of the total world population, respectively. Altogether the developing countries have over three-fourth of the total world population.The level of technological development in these countries is relatively low and affects both agricul­tural efficiency and industrial development, despite availability of local resources. Image Source: targetmap.comIndia, Pakistan, China, Brazil, Bangladesh, Myanmar (Burma), Nepal,…
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26Nov 2018 by Reese Bannister

6 Major Components of the Tourism and Travel Industry

Industry
Tourism, then, is the business of attracting visitors and catering to their needs and expectations. The following is an overview of the major components of the tourism and travel industry. I. Tourist Destinations: (a) Government promotion offices ADVERTISEMENTS: (b) Regional promotion offices(c) Resort areas, convention centers. Image Source : speedcoverage.com II. Transportation: (a) Airlines.(i) Major ADVERTISEMENTS: (ii) National(iii) Regional(iv) Nonscheduled /charter. (b) Ground Transporter ADVERTISEMENTS: (i) Rent-a-car(ii) Motor/coach(iii) Railroad. III. Accommodation: (a) Hotels(b) Motels (c) Resorts(d) Cruise lines. IV. Tourist Attractions: (a) Attractions(b) Theme parks(c) Museums. V. Travel Brokers: (a) Travel agents(b) Travel wholesalers(c) Tour and charter operators(d) Ground operators(e) Travel incentive companies. VI. Travel Related Services: (a) Financial (credit cards, travellers cheques, travel insurance).(b) Travel publications guide books.Our world is diverse. It is composed of countries with a variety…
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26Nov 2018 by Reese Bannister

7 Most Important Features of Industrial Policy of 1980 (India)

Industry
Congress (I) came back to power in 1980 indicated to thrust in Industrial Policy of 1956. On 25 July, 1980 the new Industrial Policy was announced.The main features of the Industrial Policy of 1980 were.1. Revitalisation of the Public sector:The government decided to raise the efficiency of public sector undertakings. For this purpose, it proposed to strengthen their management and develop man­agement cadres in the field of finance, marketing etc. It also proposed to study the industrial units of the public sector and suggest specific steps for their betterment. Image Source: 185.26.182.219 ADVERTISEMENTS: 2. Economic Federalism:It proposed to promote the concept of economic federalism with the setting up of a few nucleus plants in each district, identified as industrially backward, to generate as many ancillaries small and cottage industries for…
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26Nov 2018 by Reese Bannister

Summary of the “The Depositories Act” – 1996

Business
The Depositories Act, 1996 provides for regulation of depositories in securities and for matters connected thereto. The Act which initially came into force as an ordinance viz. The Depositories Ordinance, 1995, was designed to provide a legal framework for establishment of depositories to record ownership details in book entry form.The Act also made consequential amendments in the Companies Act, 1956; the Securities and Exchange Board of India Act, 1992; the Indian Stamp Act, 1899; the Income tax Act, 1961; and the Benami Transactions (Prohibition) Act, 1988.The Depositories Act, 1996 provides a legal framework for establishment of depositories to facilitate holding of securities including shares in the demat form (electronic form) and to effect transfer of securities through book entry. Image Source: i.ytimg.com ADVERTISEMENTS: The Act establishes the depository system in…
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26Nov 2018 by Reese Bannister

How to Write a Beautiful Thank You Letter to Your Friend? – Answered!

Business
To (Name) (Address) (Date)Dear (Name),This is to thank you for your timely help. A friend in need is a friend indeed. I don’t have words to express my gratitude and can never forget the favour you have done by sending me ____________ (Amount) especially when I needed them the most. Without your kind consideration and crucial help, I would not have solved the crisis facing my business. ADVERTISEMENTS: Dear friend, rest assured, I shall leave no stone unturned to repay this amount at the earliest opportunity. Once again let me thank you profusely for your timely help and favour.With Best Wishes,Your Sincerely, (Your Name) Image Source: cdn.psychologytoday.com Sample Sentences A. Start by expressing thanks for the financial help: ADVERTISEMENTS: 1. Thanks for your money order received today.2. I have no…
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26Nov 2018 by Reese Bannister

Sources, Treatment, Manufacturing Process and Disposal of Cane Sugar Industry Effluents

Industry
Today, the sugar industry is the third largest industry in the country and ranks next only to the iron and steel, and cotton industries. The effluent from sugar industries contains a large amount of dissolved organic matter.This organic matter is readily decomposed by biological action. Consequently, discharge of these liquors to surface water causes serious damage to aquatic life. In India, there are about 314 sugar factories, of which 90 are in U.P. The statewide position is given in. Of about 4.1 million tonnes of sugar produced annually, 1.1 million tonnes are produced by Uttar Pradesh. Standards for Pollutants: The standards prescribed by the Uttar Pradesh Pollution Control Board, Bureau of Indian Standards, and some developed countries, e.g., the UK, USA, Japan and Switzerland. ADVERTISEMENTS: The variations in case of…
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26Nov 2018 by Reese Bannister

4 Main Responsibilities of a Managerial Economist

Management
Let us now examine have can the Managerial Economist best serve the management. He can serve the management best when he recognizes and adher to his responsibilities towards the management. The main responsibilities of a managerial economist are the following: Responsibilities 1. To make reasonable profits on capital employed: He must have strong conviction that profits are essential and his main obligation is to assist the management in earning reasonable profits on capital invested by the firm.He should always help the management to enhance the capacity of the firm to earn profits. If he fails to discharge this responsibility then his academic knowledge, experience, expertise and business skill will be of no use to the firm. Image Source : retoolingcapitalism.com 2. Successful forecasts: It is necessary for the managerial economist…
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26Nov 2018 by Reese Bannister

7 Important Scopes of Managerial Economics

Accounting
Important scopes of managerial economics are given below:1. Demand analysis and forecasting.2. Cost and production analysis. ADVERTISEMENTS: 3. Pricing decisions, policies and practice.4. Profit management.5. Capital management.6. Analysis of business environment. ADVERTISEMENTS: 7. Allied disciplines.Now we discuss these in detail: 1. Demand analysis: A business firm is an economic organization which is engaged in transforming productive resources into goods that are to be sold in the market. ADVERTISEMENTS: A major part of managerial decision-making depends on accurate estimates of demand. A forecast of future sales serves as a guide to management for preparing production schedules and employing resources.It will help management to maintain or strengthen its market position and profit-base. Demand analysis also identifies a number of other factors influencing the demand for a product. Demand analysis and forecasting occupies…
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26Nov 2018 by Reese Bannister

9 Main Differences between Managerial Economics and Traditional Economics

Accounting
Managerial Economics has been described as economics applied to decision-making. It may be viewed as a special branch of Economics. However, the main points of differences are the following:1. The traditional Economics has both micro and macro aspects whereas Managerial Economics is essentially micro in character. ADVERTISEMENTS: 2. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature.3. Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. Image Source : c2.staticflickr.com4. Managerial Economics studies the activities of an individual firm or unit. Its analysis of problems is micro in nature, whereas Economics analyzes problems both from micro and macro point of views.5. Economics studies human behaviour on the basis of certain assumptions but these assumptions sometimes do…
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25Nov 2018 by Reese Bannister

3 Types of Factors that Influence the Cost of Production

Decision Making
Types of factors which influence the cost of production are as follows:An entrepreneur has to take some very important decisions before setting up a new venture. These decisions have close bearing on the cost of production of the product in the long run.He has to decide the site of the works, the nature of production, scope and size of the market that will be served and the size of the plant. ADVERTISEMENTS: All these decisions are of such nature that once taken cannot be altered time and again. All these decisions affect the cost of production in the long run.The entrepreneur, therefore, should study the various forces (factors) which may affect the cost behaviour in the long run.Generally there are three types of factors which influence the cost of production…
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