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Reorganisation of Export Councils:
India has a large number of exporpromotion councils, commodity boards and other similar agencies, butheir impact on India's foreign trade has been minimal, if any. There is need to reorganise these organisations in such a way that they become aeffective as similar agencies in Japan and South Korea.
Strategy to Fight NTBs:
India should adopt a four-pronged strategy tomeet the joint challenge of a United Europe and opening up of EasEurope. The strategy should consist of four elements: (a) restructuringof the corporate sector; (b) better quality products; (c) revaluation oGeneral System of Preferences (GSP); and (d) linkages in industriaproducts. The corporate sector should identify products which have market in EU. Simultaneously, the high cost of Indian goods should bbrought down by raising productivity and upgradation of technology. A related aspect is that India must develop a policy to fight NTBs. Apossible way will be to utilise some kind of an instrument like Specia301 used by the US against countries which restrict Indian goods. Whilit may be difficult to have as strong a weapon as Special or Super 301India can work out some such instruments to be used against unfair tradpartners. Likewise, strategies will also have to be developed to improvIndia's stand at WTO on issues pertaining to countries imposing NTBs.
Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q
Gibb''s energy In every chemical system, the substance moves in a direction in which there is a decrease in free energy, for example i.e. ?G is negative. G = H - TS where, G is
explain normal profits
Suppose a family earns £1,500 per month and can either pay £0.50 per square foot in monthly rent for an apartment in the private rental market, or accept a 1,500 square foot house
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
The Market for Pool Rafts The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs. Five suppliers are willing to sell pool rafts in P
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
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ppc shows microeconomics
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