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1.Cash-flow problems may be caused by:
- Sudden fluctuations in demand
- Debtors delaying payments
- Paying suppliers in advance
- An increase in credit rather than cash sales
- Mismanagement of variable costs such as wages labour and materials (stock level)
2.Cash flow may be improved by:
- Taking in new investors
- Borrowing
- Selling assets
- Increasing sales
- Debt factoring
- Improving credit control
Nowadays, traffic congestion is a big problem of all governments around the world...They did many thing to reduce them,but they seem not effect....Why we don't design a kind of private aircraft which cheap price and can produce them popular...???We don't need to built more street and won't have traffic congestion...It is really a cool idea because sky is large so we can fly any where we want....
That invention is opening a new transport machines...It weights only 60 kilos and can have speed of 160 km/h in the air and 80 km/h on land...The aircraft is capable of traveling on land, water and air...We can use it travel any where we want....
The funds for produce that product is a big thing....It is too expensive...We can have a loan from the bank or borrow money from your friends or your family....We also need large factory to produce and have partner who have suitable material to produce our product...I think to find a partner have enough condition is also difficult...I think that idea only suitable for millionaire ...Anyways ,it is a good business idea ...=.=
1.Economic growth: in the short run, an increase in real GDP,and in the long run,an increase in productive capacity, that is , in the maximum output that the economy can produce.
2.Unemployment: a situation where people are out of work but are willing and able to work.
3.Labour force: the people who are employed and unemloyed, that is ,those who are economically active.
4.Economically inactive: people of working age who are neither employed nor unemployed..
5.Balance of payments: a record of money flows coming in and going out of a country.
6.Elastic: responsive to change in market conditions.
7.Inflation rate: the percentage increase in the price lever over a period of time.
8.Sustainable economic growth: economic growth that can continue over time and does not endanger future generations' ability to expand productive capacity.
9.Trend growth: the expected increase in potential output over time.It is a measure of how fast the economy can grow without generating inflation.
10.Full employment: a situation where those wanting and able to work can find employment at the going wage rate.
11.Current account deficit: when more is leaving the country than entering it, as result of sales of its exports, income and current transfers from abroad being less than imports and income and current transfers going abroad.
12.Hyperinflation: an inflation rate above 50 per cent.
13.Nominal GDP: output measured in current prices and so not adjusted for inflation.
14.Labour productivity: output per worker hour.
15.Informal economy : economic activity that is not recorded or registered with the authorities in order to avoid paying tax or complying with regulations, or because the activity is illegal.
16.Economy of scale: the advantage of producing on large scale, in the form of lower long-run average cost.
17.Unemployment rate: The percentage of the labour force who are out of work.
The unemployed x 100%
________________
labour force
18.Labour force survey: a measure of unemployment based on a survey using the ILO definition of unemployment.
19.International labour organization (ILO): a member organization of the United Nations that collects statistics on labour market conditions and seeks to improve working conditions.
20.Claimant count: A measure of unemployment that includes those receiving unemployment-rated benefits.
21.Consumers prices index: a measure of changes in the price of a representative basket of consumer goods and services. Differs from the retail prices index (RPI) in methodology and coverage...
I can't believe it...I got 30 marks in economic test and I am a fourth in the test equal with Sairan ...No one can't image that happened...Seriously, it's just lucky because the test is all of things which I studied 2 days ago ...It seemed geography test, so I can do it because I am good in geography...hehehe...It make me have interested for studying economic...If i can or can not move to Mr.Chris group, I don't care...That is enough to show to every people :"I am not useless and idiot"...Taking care every body, I will make more surprises...No one can disregard me ,I will study hard...Let's wait what I can do...=.=
Today, I could not concentrate study in business class.When I was studying,I though many thing.It made me can't understand what he was talking about...Haiz...I was like I didn't be in class...When he asked me some question,I felt like i just wake up....I don't know why I was like that...I decide i won't sleep more than 7 hours per day.It will help my brain is worked better...Last night, I slept 10 hours from 3 a.m to near 1 p.m...It made me feel very tired and I didn't want to do anything...It is called "LAZY"...It 's not good ,I 'll change from tomorrow morning...I think it will be better for my studying...haiz...=.=
1.Calculating inflation:
Real GDP= nominal GDP after allowing for inflation.
The inflation rate is the rate of increase in the General price level [The cost of living].This measures using a price index
2.Calculating a price index
*Choose a base year .
*Choose a number of goods and services
To put in the "Basket of goods".[The typical things which an ordinary family buys]
*Calculate the average price of the contents of the basket.
*Average price for the base year will be expressed as the index number 100.
*Calculate data for other years and compare with the base years
