body should could invest or it could open more franchise but I think it would be more better if they open more franchise it would give a name to the company. Also the body shop can often operate more cheaply than a Sole trader as the operate on "Economies of sale" because if the body shop buy 100 Bags they would but it in bigger quantity which means the bigger the buy the cheaper it get, whereas a sole trader the price will increase because they are buying a small amount than the body shop.
Abstract:- The services sector is the single largest contributor to economic growth and employment. It is widely recognized and deliberated upon that the global importance of service sector in terms of its share in Gross Output has been growing progressively in the economies of the world. The objective of this paper is to make an assessment of the importance of the service sector in indian economy. INTRODUCTION:- The tertiary sector of the economy (also known as the service sector or the service industry)
for each region: economy, landforms, politics? Explain why these criteria were chosen. Suggest two criteria for both the Western Interior and British Columbia regions. (15 marks) In this course, Canada is divided into six regions; the Atlantic Provinces, the Great Lakes and St. Lawrence Lowlands, the Canadian Shield, the Western Interior, British Columbia and the North. A region is an area of land that has common features. Therefore, these six regions are based on either economy, landforms or politics
Overview of the service sector and its contribution in the Economy There are three sectors that together make the economy of a country, namely primary sector (like farming, fishing, etc.), secondary sector (like manufacturing, etc.) and tertiary sector (services provided) .The tertiary sector provides services which are intangible in nature. Services include activities like retail shops, banking, hospitality, real estate, education, health, social work, etc. The service sector is a very crucial part
Industrialisation is a very important aspect of a developing economy like that of India’s. Many moderate to radical steps have been taken towards creating a better industrial atmosphere in India. In the decades that followed India’s independence, under the leadership of some stalwart visionaries, India had embarked on a pro-socialist economic development. Many major industries like Steel Authority of India Limited (SAIL), Bharat Heavy Electricals Limited (BHEL), Oil and Natural Gas Corporation (ONGC)
1. An introduction to the relationship between tertiary education and part-time work: Education is an essential tool required to succeed in today’s modern society. As time has progressed, there has been a higher and higher emphasis placed on tertiary education. In order to achieve a tertiary education, however an individual must have financial support as tertiary education is continuing to become more privatised and expensive than ever. It is therefore due to this lack of financial support
Primary, Secondary and Tertiary Sectors The terms primary, secondary and tertiary relate to different sectors of the economy. Wikipedia describes the primary sector of the economy as the sector of an economy making direct use of natural resources. This includes agriculture, forestry, fishing and mining. The secondary sector is concerned with producing manufactured goods, and the tertiary sector relates to producing services. Cadburys use goods from the primary sector to produce their manufactured
industry in Australia, Manufacturing, which is a secondary industry, plays a crucial role in the economy. Manufacture of food and beverages forms a big portion of the secondary industry in Australia and contributes a significant percentage to the gross domestic product. Other secondary industries in the country include textile, clothing and foot ware and motor vehicle industry. Most of these sectors utilize the available raw materials while others import them from other nations. The manufacturing
paid job, promotions etc and hence they may be moving form job to job more often hence increasing temporary frictional employment. Structural unemployment is caused by a lack of capital for goods and services in the economy or a particular sector. As the structure of an economy changes, certain workers may find themselves made redundant as their skills are no longer required, or that the region in which they live does not have enough employment opportunities. An example of this is the British
Chapter 2 Burundi’s economy and challenges 2.1 Brief information of Burundi’s economy Burundi is among the poorest countries in the world in the human development index it ranked 166 out of the 169 in the listed countries. Burundi has not yet started the transition from a traditional society, with most of the population is employed in subsistence agriculture, to a modern society where most of the population lives in urban areas and is employed in manufacturing and services. In most countries that
valuation production and consumption of services. It places the focus on development of tertiary sectors, human capitals and technology innovations rather than the manufacturing of goods. It is the direct result from deindustrialization in the latter decades of the 20th century. A city functions as a place governed by assigned administrative body and acts as a center of trade for the surrounding area. When economy concentrates more on development of the service industry to bring growth to the city
the net output of commodities and services flowing during the year from the country’s productive system into the hands of ultimate consumers or into the net addition to the country’s capital goods. Methods of Measuring National Income In every economy the circular flow of production, income and expenditure remains in operation continuously due to the economic activities. Production generates income which leads to the creation of demand for goods and services and hence expenditure. National income
transitions even extended to the education sector. The Fiji government has made significant changes in the education system which has now become key pillars in the history of Fiji. The Fiji government believes that education is the greatest investment a nation can make in its future. It produces knowledgeable and viable labour force, a livable community, and citizens who are capable of building their homes as well as curing their illnesses. The Fijis’ education sector has rece...
aspects associated with wealth distribution. I will explain how resource distribution contributes to an area’s economic growth. I will also discuss varying ways to measure wealth within and between countries and define and explain the three sectors of the economy. The United States has not seen such staggering figures between the wealthy and the poor since the great depression. In my opinion, many of our countries problems stem from the unequal distribution of wealth. Wealth is unequally distributed
that are able to adapt to new technologies and the way the global economy functions are more likely to have high productivity and a greater standard of living. Canada's labour productivity growth has lagged behind the US numbers for over 30 years and could be from a number of possible explanations. One reason in particular could be the sluggish innovation in the information technology industry. The tertiary sector of the global economy has been increasing in the last 30 years. However, Canada has been
1. What factors need to be considered in the rejection of a capping system? In contrast, capping university places is perceived as unethical by some sectors of the Australian community. Opponents of the capping claim that universities are critical in developing a more cohesive society. Universities have traditionally and consistently played a critical role through its development of policies to enhance social cohesion. In fact, the University of South Australia (2014) stipulates that one of its
Australia and Indonesia are fairly different countries although they have a few things in common. In 2008, the statistics convey that Australia holds 21 million people whilst Indonesia has a population of 227 million. Due to the fact that Australia has a late land mass compared to the other country, the population density of 3 people per square km. Juxtaposing this fact, Indonesia’s population density is 125 people per square km, which is a given since Indonesia is a very small country with a large
organisations chosen are Tesco and Cancer Research UK. 3.1 Tesco 3.01 The Type of Organisation Tesco is a Public limited company (PLC), which means it is owned by shareholders and it is in the private sector Also known as the for-profit sector and Activities outside the public sector organizations and businesses that provide services and products based on market demands for a cost with the purpose of producing a profit for owners and shareholders in the organisations. Tesco is the biggest
in the natural sciences in tertiary education: A case study of the faculty of engineering at the University of Zimbabwe By Fadzai Wuta CHAPTER 1: Introduction Education has become the pillar of many vibrant and successful societies. Women have however lagged behind in the quest for knowledge and this has created a great gulf between the success of men and women. Women have generally been looked down upon in the education sector more so in tertiary institutions. Only recently
of the outputs that led to these outcomes. In fact, according to transformation model the outputs categorized to three types primary, secondary and tertiary. "The primary outputs are related more to the main objectives and intensions as it create values specially to customers. The secondary outputs are waste and depleted resources. The tertiary outputs are the new knowledge about the process" (Bettley, A 2007). Starting with the primary positive outcomes, the first positive outcome of his leadership