1.
Border
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Borders are geographic boundaries of political entities or legal jurisdictions, such as governments, sovereign states, federated states, and other subnational entities. Some borders—such as an internal administrative border, or inter-state borders within the Schengen Area—are often open. Other borders are partially or fully controlled, and may be crossed only at designated border checkpoints. Mostly contentious, borders may even foster the setting up of buffer zones, a difference has also been established in academic scholarship between border and frontier, the latter denoting a state of mind rather than state boundaries. In the past, many borders were not clearly defined lines, instead there were often intervening areas often claimed, a special case in recent times was the neutral zones that were set up along parts of Saudi Arabias borders with Kuwait and Iraq. In modern times, marchlands have been replaced by clearly defined and demarcated borders, for the purposes of border control, airports and seaports are also classed as borders. Most countries have some form of control to regulate or limit the movement of people, animals. Some borders require presentation of legal paperwork like passports and visas, or other identity documents, moving goods across a border often requires the payment of excise tax, often collected by customs officials. Animals moving across borders may need to go into quarantine to prevent the spread of infectious diseases. Most countries prohibit carrying illegal drugs or endangered animals across their borders, moving goods, animals, or people illegally across a border, without declaring them or seeking permission, or deliberately evading official inspection, constitutes smuggling. Controls on car liability insurance validity and other formalities may also take place, in places where smuggling, migration, and infiltration are a problem, many countries fortify borders with fences and barriers, and institute formal border control procedures. But some borders are merely signposted and this is common in countries within the European Schengen Area and on rural sections of the Canada–United States border. Borders may even be unmarked, typically in remote or forested regions. The frontiers were particularly porous for the movement of migrants. A border may have been, Agreed by the countries on both sides Imposed by the country on one side Imposed by third parties, e. g, in addition, a border may be a de facto military ceasefire line. Political borders are imposed on the world through human agency, political borders are often classified by whether or not they follow conspicuous physical features on the earth. Natural borders are geographical features that present natural obstacles to communication, existing political borders are often a formalization of these historical, natural obstacles. Some geographical features that often constitute natural borders are, Oceans, oceans create very costly natural borders, very few nation-states span more than one continent
2.
Financial transaction
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A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals, the buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if the goods are exchanged at one time, and this is known as a two-part transaction, part one is giving the money, part two is receiving the goods. In ancient times non-financial transactions were conducted through systems of credit, in which goods. Credit has certain disadvantages, including the requirement that traders or their intermediaries trust one another, debts must eventually be settled either with goods or by payment of money, a substance of agreed value such as gold and silver. Systems of credit are evident throughout recorded history and from archeology, by contrast little evidence has been found of widespread use of pure barter, where traders meet face to face and transactions are completed in a single swap. In 1997,1.3 billion US dollars were exchanged per day on the exchange market. The world financial transactions have jumped from 1.1 quadrillion US dollars in 2002 to 2.2 quadrillion US dollars in 2008 and this is the most common type of financial transaction. An item or goods are exchanged for money and this transaction results in a decrease in the finances of the purchaser and an increase in the benefits of the sellers. The smaller delayed repayments usually add up to more than the first large amount, the difference in payments is called interest. Here, money is given for not any specific reason and this is a combined loan and purchase in which a lender gives a large amount of money to a borrower for the specific purpose of purchasing a very expensive item. As part of the transaction, the borrower usually agrees to give the item to the if the loan is not paid back on time. This guarantee of repayment is known as collateral, a bank is a business that is based almost entirely on financial transactions. In addition to acting as a lender for loans and mortgages, the lender is known as a customer and gives unspecified amounts of money to the bank for unspecified amounts of time. The bank agrees to repay any amount in the account at any time, in addition, the bank guarantees that the money will not be stolen while it is in the account and will reimburse the customer if it is. In return, the bank gets to use the money for financial transactions as long as they hold it. This is a combination of a purchase and a loan. The seller gives the buyer the good or item as normal, in this way, the buyer is paying with a loan from the credit card company, usually a bank
3.
International trade
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International trade is the exchange of capital, goods, and services across international borders or territories. It is the exchange of goods and services among nations of the world, in most countries, such trade represents a significant share of gross domestic product. While international trade has existed throughout history, its economic, social, trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on the market, food, clothes, spare parts, oil, jewellery, wine, stocks, currencies. Services are also traded, tourism, banking, consulting and transportation, a product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a current account in the balance of payments. Industrialization, advanced technology, including transportation, globalization, multinational corporations, increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods, the main difference is that international trade is typically more costly than domestic trade. Another difference between domestic and international trade is that factors of such as capital and labor are typically more mobile within a country than across countries. Thus international trade is restricted to trade in goods and services. Trade in goods and services can serve as a substitute for trade in factors of production, instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example is the import of goods by the United States from China. Instead of importing Chinese labor, the United States imports goods that were produced with Chinese labor, International trade is also a branch of economics, which, together with international finance, forms the larger branch called international economics. The history of international trade chronicles notable events that have affected the trade between various economies, there are several models which seek to explain the factors behind international trade, the welfare consequences of trade and the pattern of trade. </ref></ref>==Largest countries by total international trade== Source, International Trade Centre President George W. Bush observed World Trade Week on May 18,2001, mcKenzie, Lionel W. Specialization and Efficiency in World Production. A Ricardo-Sraffa Paradigm Comparing the Gains from Trade in Inputs and Finished Goods, the definitions and methodological concepts applied for the various statistical collections on international trade often differ in terms of definition and coverage. Metadata providing information on definitions and methods are published along with the data. Ptas. mcgill. ca Historical documents on international trade available on FRASER
4.
Customs
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The movement of people into and out of a country is normally monitored by immigration authorities, under a variety of names and arrangements. Each country has its own laws and regulations for the import and export of goods into and out of a country, the import or export of some goods may be restricted or forbidden. In most countries, customs are attained through government agreements and international laws, a customs duty is a tariff or tax on the importation or exportation of goods. Commercial goods not yet cleared through customs are held in an area, often called a bonded store. All authorized ports are recognized customs areas, at airports, customs is the point of no return for all passengers, once a passenger has cleared customs, they cannot go back. In many countries, customs procedures for arriving passengers at many international airports and some road crossings are separated into red, passengers with goods to declare go through the red channel. Passengers with nothing to go through the green channel. Each channel is a point of no return, once a passenger has entered a particular channel, australia, Canada, New Zealand, and the United States do not officially operate a red and green channel system, however, some airports copy this layout. Airports in EU countries such as Finland, Ireland or the United Kingdom, as the EU is a customs union, travellers between EU countries do not have to pay customs duties. Value-added tax and excise duties may be if the goods are subsequently sold. Passengers arriving from other EU countries go through the blue channel, luggage tickets for checked luggage travelling within the EU are green-edged so they may be identified. In most EU member states, travellers coming from other EU countries can use the green lane. All airports in the United Kingdom operate a system, however some dont have a red channel. Customs is part of one of the three functions of a government, namely, administration, maintenance of law, order, and justice. However, in a bid to mitigate corruption, many countries have partly privatised their customs and this has occurred by way of contracting pre-shipment inspection agencies, which examine the cargo and verify the declared value before importation occurs. The countrys customs is obliged to accept the report for the purpose of assessing duties and taxes at the port of entry. It has been found that evasion of customs duty escalated when pre-shipment agencies took over and it has also been alleged that involvement of such agencies has caused shipping delays. Privatization of customs has been viewed as a fatal remedy, the basic customs law is harmonized across Europe within the European Union Customs Union
5.
Tariff
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A tariff is a tax on imports or exports. In other languages and very occasionally in English, tariff or its equivalent may also be used to any list of prices. A customs duty or due is the tax levied on the import or export of goods in international trade. In economic sense, a duty is also a kind of consumption tax, a duty levied on goods being imported is referred to as an import duty. Similarly, a duty levied on exports is called an export duty, a tariff, which is actually a list of commodities along with the leviable rate of customs duty, is popularly referred to as a customs duty. This is no longer the case, Customs duty is calculated on the determination of the assessable value in case of those items for which the duty is levied ad valorem. This is often the transaction value unless a customs officer determines assessable value in accordance with the Harmonized System, However, for certain items like petroleum and alcohol, customs duty is realized at a specific rate applied to the volume of the import or export consignments. For the purpose of assessment of duty, products are given an identification code that has come to be known as the Harmonized System code. This code was developed by the World Customs Organization based in Brussels, a Harmonized System code may be from four to ten digits. For example,17.03 is the HS code for molasses from the extraction or refining of sugar, However, within 17.03, the number 17.03.90 stands for Molasses. Introduction of Harmonized System code in 1990s has largely replaced the Standard International Trade Classification, in drawing up the national tariff, the revenue departments often specifies the rate of customs duty with reference to the HS code of the product. A Customs authority in each country is responsible for collecting taxes on the import into or export of goods out of the country, Evasion of customs duties takes place mainly in two ways. In one, the trader under-declares the value so that the value is lower than actual. In a similar vein, a trader can evade customs duty by understatement of quantity or volume of the product of trade, a trader may also evade duty by misrepresenting traded goods, categorizing goods as items which attract lower customs duties. The Evasion of customs duty may take place with or without the collaboration of customs officials, Evasion of customs duty does not necessarily constitute smuggling. Many countries allow a traveler to bring goods into the country duty-free and these goods may be bought at ports and airports or sometimes within one country without attracting the usual government taxes and then brought into another country duty-free. Some countries impose allowances which limit the number or value of items that one person can bring into the country. These restrictions often apply to tobacco, wine, spirits, cosmetics, gifts, often foreign diplomats and UN officials are entitled to duty-free goods
6.
Trade agreements
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A trade agreement is a wide ranging tax, tariff and trade treaty that often includes investment guarantees. The most common trade agreements are of the preferential and free trade types are concluded in order to reduce tariffs, quotas and other trade restrictions on items traded between the signatories. A trade agreement is classified as bilateral when signed between two sides, where each side could be a country, a trade bloc or a group of countries. A trade agreement signed between more than two sides is classified as multilateral, there are a variety of trade agreements, with some being quite complex, while others are less intensive. All agreements concluded outside of the WTO framework are called preferential by the WTO, the trade agreements called preferential by the WTO are also known as regional, despite not necessarily concluded by countries within a certain region. There are currently 205 agreements in force as of July 2007, over 300 have been reported to the WTO. The number of FTA has increased significantly over the last decade, between 1948 and 1994, the General Agreement on Tariffs and Trade, the predecessor to the WTO, received 124 notifications. Since 1995 over 300 trade agreements have been enacted, increasing efficiency through free trade is a common goal. For the most part, governments are supportive of trade agreements. There have been some concerns expressed by the WTO. Indianapolis, Library of Economics and Liberty
7.
Timeline of international trade
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The history of international trade chronicles notable events that have affected the trade between various countries. In the 21st century, China, the European Union and the United States are the three largest trading markets in the world, records from the 19th century BCE attest to the existence of an Assyrian merchant colony at Kanesh in Cappadocia. The domestication of camel allows Arabian nomads to control long distance trade in spices, the Egyptians trade in the Red sea, importing spices from the Land of Punt and from Arabia. Indian goods are brought in Arabian vessels to Aden, the ships of Tarshish, a Tyrian fleet equipped at Ezion Geber, make several trading voyages to the East bringing back gold, silver, ivory and precious stones. Tiglath-Pileser III attacks Gaza in order to trade along the Incense Route. The Greek Ptolemaic dynasty exploits trading opportunities with India prior to the Roman involvement, the cargo from the India and Egypt trade is shipped to Aden. With the establishment of Roman Egypt, the Romans initiate trade with India, the goods from the East African trade are landed at one of the three main Roman ports, Arsinoe, Berenice or Myos Hormos. Myos Hormos and Berencie appear to have been important ancient trading ports, gerrha controls the Incense trade routes across Arabia to the Mediterranean and exercises control over the trading of aromatics to Babylon in the 1st century BC. Additionally, it served as a port of entry for goods shipped from India to the East, due to its prominent position in the incense trade, Yemen attracts settlers from the fertile crescent. Pre-Islamic Meccans use the old Incense Route to benefit from the heavy Roman demand for luxury goods, in Java and Borneo, the introduction of Indian culture creates a demand for aromatics. These trading outposts later serve the Chinese and Arab markets, following the demise of the incense trade Yemen takes to the export of coffee via the Red Sea port of al-Mocha. The Abbasids use Alexandria, Damietta, Aden and Siraf as entry ports to India, at the eastern terminus of the Silk Road, the Tang Dynasty Chinese capital at Changan becomes a major metropolitan center for foreign trade, travel, and residence. This role would be assumed by Kaifeng and Hangzhou during the Song Dynasty, guangzhou was Chinas greatest international seaport during the Tang Dynasty, but its importance was eclipsed by the international seaport of Quanzhou during the Song Dynasty. Merchants arriving from India in the city of Aden pay tribute in form of musk, camphor, ambergris and sandalwood to Ibn Ziyad. Indian exports of spices find mention in the works of Ibn Khurdadhbeh, al-Ghafiqi, Ishak bin Imaran, the Hanseatic League secures trading privileges and market rights in England for goods from the Leagues trading cities in 1157. Due to the Turkish hold on the Levant during the half of the 15th century the traditional Spice Route shifts from the Persian Gulf to the Red Sea. In 1492 a Spanish expedition commanded by Christopher Columbus arrive in America, Portuguese diplomat Pero da Covilha undertakes a mission to explore the trade routes of the Near East and the adjoining regions of Asia and Africa. The exploration commenced from Santarém to Barcelona, Naples, Alexandria, Cairo, Portuguese explorer and adventurer Vasco da Gama is credited with establishing another sea route from Europe to India
8.
Balance of trade
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The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nations exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services, generally trade surplus is seen as positive economic indicator, however in exceptional circumstances a trade deficit is due to government forex policy to achieve other macroeconomic goals. The balance of trade part of the current account, which includes other transactions such as income from the net international investment position as well as international aid. If the current account is in surplus, the net international asset position increases correspondingly. Equally, a deficit decreases the net asset position. The trade balance is identical to the difference between a countrys output and its domestic demand, measuring the balance of trade can be problematic because of problems with recording and collecting data. This cannot be true, because all transactions involve an equal credit or debit in the account of each nation, the discrepancy is widely believed to be explained by transactions intended to launder money or evade taxes, smuggling and other visibility problems. Especially for developing countries, the statistics are likely to be inaccurate. In export-led growth, the balance of trade will shift towards exports during an economic expansion, however, with domestic demand led growth the trade balance will shift towards imports at the same stage in the business cycle. Monetary balance of trade is different from physical balance of trade, developed countries usually import a lot of raw materials from developing countries. Typically, these materials are transformed into finished products. Financial trade balance statistics conceal material flow, most developed countries have a large physical trade deficit, because they consume more raw materials than they produce. Many civil society organisations claim this imbalance is predatory and campaign for ecological debt repayment. S debt that has funded the consumption, the U. S. has a trade surplus with nations such as Australia. The issue of trade deficits can be complex, Trade deficits generated in tradeable goods such as manufactured goods or software may impact domestic employment to different degrees than trade deficits in raw materials. Economies such as Japan and Germany which have savings surpluses, typically run trade surpluses, china, a high-growth economy, has tended to run trade surpluses. A higher savings rate generally corresponds to a trade surplus, correspondingly, the U. S. with its lower savings rate has tended to run high trade deficits, especially with Asian nations. The economist Paul Craig Roberts notes that the comparative advantage principles developed by David Ricardo do not hold where the factors of production are internationally mobile. In 2010, economist Ian Fletcher wrote Free Trade Doesnt Work, What Should Replace It and Why, small trade deficits are generally not considered to be harmful to either the importing or exporting economy
9.
World economy
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The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models and it is inseparable from the geography and ecology of Earth. Typical examples are illegal drugs and other market goods, which by any standard are a part of the world economy. Rather, market valuations in a local currency are typically translated to a monetary unit using the idea of purchasing power. This is the method used below, which is used for estimating worldwide economic activity in terms of real US dollars or euros, however, the world economy can be evaluated and expressed in many more ways. It is unclear, for example, how many of the worlds 7.13 billion people have most of their economic activity reflected in these valuations, the following two tables list the Country Groups with individual countries designated by the IMF. Members of the G-20 major economies are in bold, the following two tables list the twenty largest economies by GDP, twenty largest economies by GDP, and the twenty economies with the largest shares of global economic growth from 2014 to 2015. Members of the G-20 major economies are in bold, the following is a list of the twenty largest economies by nominal GDP at a specific year according to International Monetary Fund. The following is a list of twenty largest economies by GDP at a year according to the CIA World Factbook. €320 billion, $319 billion, €250 trillion Unemployment rate,8. 7%, World military expenditure in 2012, estimated to $1.756 trillion Military expenditures – percent of GDP, roughly 2% of gross world product. To promote exports, many government agencies publish on the web economic studies by sector and country. Among these agencies include the USCS and FAS in the United States, EDC and AAFC in Canada, Ubifrance in France, UKTI in the UK, HKTDC and JETRO in Asia, Austrade and NZTE in Oceania. net
10.
Income
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Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. However, for households and individuals, income is the sum of all the wages, salaries, profits, interests payments, rents, in a given period of time. In the field of economics, the term may refer to the accumulation of both monetary and non-monetary consumption ability, with the former being used as a proxy for total income. Income per capita has been increasing steadily in almost every country, many factors contribute to people having a higher income such as education, globalisation and favorable political circumstances such as economic freedom and peace. Increase in income tends to lead to people choosing to work less hours. Developed countries have higher incomes as opposed to developing countries tending to have lower incomes, from labor services, as well as ownership of land and capital. In consumer theory income is another name for the budget constraint, the basic equation for this is Y = P x ⋅ x + P y ⋅ y This equation implies two things. First buying one unit of good x implies buying P x P y less units of good y. So, P x P y is the price of a unit of x as to the number of units given up in y. Second, if the price of x falls for a fixed Y, the usual hypothesis is that the quantity demanded of x would increase at the lower price, the law of demand. The generalization to more than two goods consists of modelling y as a composite good, the theoretical generalization to more than one period is a multi-period wealth and income constraint. For example, the person can gain more productive skills or acquire more productive income-earning assets to earn a higher income. In the multi-period case, something might happen to the economy beyond the control of the individual to reduce the flow of income. Changing measured income and its relation to consumption over time might be modeled accordingly, full income refers to the accumulation of both the monetary and the non-monetary consumption-ability of any given entity, such as a person or a household. According to what the economist Nicholas Barr describes as the definition of income, income may be defined as the. Sum of the value of rights exercised in consumption and the change in the value of the store of property rights. Since the consumption potential of non-monetary goods, such as leisure, cannot be measured, as such, however, it is criticized for being unreliable, i. e. failing to accurately reflect affluence of any given agent. It omits the utility a person may derive from non-monetary income and, on a macroeconomic level, according to Barr, in practice money income as a proportion of total income varies widely and unsystematically
11.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
12.
Petroleum
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Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earths surface, which is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation and it consists of hydrocarbons of various molecular weights and other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock, Petroleum has mostly been recovered by oil drilling. Drilling is carried out studies of structural geology, sedimentary basin analysis. Petroleum is used in manufacturing a variety of materials. Concern over the depletion of the earths finite reserves of oil, the burning of fossil fuels plays the major role in the current episode of global warming. The word petroleum comes from Greek, πέτρα for rocks and Greek, the term was found in 10th-century Old English sources. It was used in the treatise De Natura Fossilium, published in 1546 by the German mineralogist Georg Bauer, Petroleum, in one form or another, has been used since ancient times, and is now important across society, including in economy, politics and technology. Great quantities of it were found on the banks of the river Issus, ancient Persian tablets indicate the medicinal and lighting uses of petroleum in the upper levels of their society. By 347 AD, oil was produced from bamboo-drilled wells in China, early British explorers to Myanmar documented a flourishing oil extraction industry based in Yenangyaung that, in 1795, had hundreds of hand-dug wells under production. The mythological origins of the oil fields at Yenangyaung, and its hereditary monopoly control by 24 families, Pechelbronn is said to be the first European site where petroleum has been explored and used. The still active Erdpechquelle, a spring where petroleum appears mixed with water has been used since 1498, Oil sands have been mined since the 18th century. In Wietze in lower Saxony, natural asphalt/bitumen has been explored since the 18th century, both in Pechelbronn as in Wietze, the coal industry dominated the petroleum technologies. In 1848 Young set up a small business refining the crude oil, Young eventually succeeded, by distilling cannel coal at a low heat, in creating a fluid resembling petroleum, which when treated in the same way as the seep oil gave similar products. The production of oils and solid paraffin wax from coal formed the subject of his patent dated 17 October 1850. In 1850 Young & Meldrum and Edward William Binney entered into partnership under the title of E. W. Binney & Co. at Bathgate in West Lothian, the worlds first oil refinery was built in 1856 by Ignacy Łukasiewicz. The demand for petroleum as a fuel for lighting in North America, edwin Drakes 1859 well near Titusville, Pennsylvania, is popularly considered the first modern well
13.
Canada
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Canada is a country in the northern half of North America. Canadas border with the United States is the worlds longest binational land border, the majority of the country has a cold or severely cold winter climate, but southerly areas are warm in summer. Canada is sparsely populated, the majority of its territory being dominated by forest and tundra. It is highly urbanized with 82 per cent of the 35.15 million people concentrated in large and medium-sized cities, One third of the population lives in the three largest cities, Toronto, Montreal and Vancouver. Its capital is Ottawa, and other urban areas include Calgary, Edmonton, Quebec City, Winnipeg. Various aboriginal peoples had inhabited what is now Canada for thousands of years prior to European colonization. Pursuant to the British North America Act, on July 1,1867, the colonies of Canada, New Brunswick and this began an accretion of provinces and territories to the mostly self-governing Dominion to the present ten provinces and three territories forming modern Canada. With the Constitution Act 1982, Canada took over authority, removing the last remaining ties of legal dependence on the Parliament of the United Kingdom. Canada is a parliamentary democracy and a constitutional monarchy, with Queen Elizabeth II being the head of state. The country is officially bilingual at the federal level and it is one of the worlds most ethnically diverse and multicultural nations, the product of large-scale immigration from many other countries. Its advanced economy is the eleventh largest in the world, relying chiefly upon its abundant natural resources, Canadas long and complex relationship with the United States has had a significant impact on its economy and culture. Canada is a country and has the tenth highest nominal per capita income globally as well as the ninth highest ranking in the Human Development Index. It ranks among the highest in international measurements of government transparency, civil liberties, quality of life, economic freedom, Canada is an influential nation in the world, primarily due to its inclusive values, years of prosperity and stability, stable economy, and efficient military. While a variety of theories have been postulated for the origins of Canada. In 1535, indigenous inhabitants of the present-day Quebec City region used the word to direct French explorer Jacques Cartier to the village of Stadacona, from the 16th to the early 18th century Canada referred to the part of New France that lay along the St. Lawrence River. In 1791, the area became two British colonies called Upper Canada and Lower Canada collectively named The Canadas, until their union as the British Province of Canada in 1841. Upon Confederation in 1867, Canada was adopted as the name for the new country at the London Conference. The transition away from the use of Dominion was formally reflected in 1982 with the passage of the Canada Act, later that year, the name of national holiday was changed from Dominion Day to Canada Day
14.
Consumer
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A consumer is a person or organization that uses economic services or commodities. In economic systems consumers are utilities expressed in the decision to trade or not, the consumer is the one who pays to consume goods and services produced. As such, consumers play a role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce, the consumer also forms part of the chain of distribution. The law primarily uses the notion of the consumer in relation to protection laws. As of all voters are also consumers, consumer protection takes on a clear political significance. Concern over the interests of consumers has also spawned activism, as well as incorporation of consumer education into school curricula, there are also various non-profit publications, such as Which. Consumer Reports and Choice Magazine, dedicated to assist in education and decision making. In India, the Consumer Protection Act 1986 differentiates the consummation of a commodity or service for use or to earn a livelihood. Only consumers are protected per this act and any person, entity or organization purchasing a commodity for commercial reasons are exempted from any benefits of this act, U. S. Government National Consumer Protection Week
15.
Marginalism
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Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. The reason why the price of diamonds is higher than that of water, for example, thus, while the water has greater total utility, the diamond has greater marginal utility. The neoclassical tradition that emerged from British marginalism abandoned the concept of utility, Marginalism is an integral part of mainstream economic theory. Constraints are conceptualized as a border or margin, the location of the margin for any individual corresponds to his or her endowment, broadly conceived to include opportunities. This endowment is determined by many things including physical laws, accidents of nature, a value that holds true given particular constraints is a marginal value. A change that would be affected as or by a specific loosening or tightening of those constraints is a marginal change, neoclassical economics usually assumes that marginal changes are infinitesimals or limits. One is therefore often told that marginal is synonymous with very small, the marginal utility of a good or service is the utility of its marginal use. Under the assumption of rationality, it is the utility of its least urgent possible use from the best feasible combination of actions in which its use is included. But marginalism and the concept of marginal utility predate the establishment of this convention within economics, in this context, it is not surprising to find many presentations that fail to recognize a more general approach. The law of diminishing marginal utility is that, ceteris paribus, as amounts of a good or service are added to available resources. This law is sometimes treated as a tautology, sometimes as something proven by introspection, or sometimes as a mere instrumental assumption, actually, it is not quite any of these things, though it may have aspects of each. The law does not hold under all circumstances, so it is neither a tautology nor otherwise proveable, an individual will typically be able to partially order the potential uses of a good or service. If there is scarcity, then an agent will satisfy wants of highest possible priority. He had five possible uses, as feed for himself, food to build strength, food for his chickens for dietary variation. Then the farmer lost one sack of grain, instead of reducing every activity by a fifth, the farmer simply starved the parrots as they were of less utility than the other four uses, in other words they were on the margin. And it is on the margin, and not with a view to the big picture, However, if there is a complementarity across uses, then an amount added can bring things past a desired tipping point, or an amount subtracted cause them to fall short. In such cases, the utility of a good or service might actually be increasing. Without the presumption that utility is quantified, the diminishing of utility should not be taken to be itself an arithmetic subtraction and it is the movement from use of higher to lower priority, and may be no more than a purely ordinal change
16.
Macroeconomics
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Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes national, regional, and global economies, Macroeconomics and microeconomics, a pair of terms coined by Ragnar Frisch, are the two most general fields in economics. Macroeconomic models and their forecasts are used by governments to assist in the development, Macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research. Macroeconomic theories usually relate the phenomena of output, unemployment, outside of macroeconomic theory, these topics are also important to all economic agents including workers, consumers, and producers. National output is the amount of everything a country produces in a given period of time. Everything that is produced and sold generates an equal amount of income, therefore, output and income are usually considered equivalent and the two terms are often used interchangeably. Output can be measured as total income, or it can be viewed from the side and measured as the total value of final goods. Macroeconomic output is measured by gross domestic product or one of the other national accounts. Economists interest in long-run increases in output study economic growth, advances in technology, accumulation of machinery and other capital, and better education and human capital all lead to increased economic output over time. However, output does not always increase consistently, business cycles can cause short-term drops in output called recessions. Economists look for macroeconomic policies that prevent economies from slipping into recessions, the amount of unemployment in an economy is measured by the unemployment rate, i. e. the percentage of workers without jobs in the labor force. The unemployment rate in the force only includes workers actively looking for jobs. People who are retired, pursuing education, or discouraged from seeking work by a lack of job prospects are excluded, unemployment can be generally broken down into several types that are related to different causes. Classical unemployment theory suggests that unemployment occurs when wages are too high for employers to be willing to hire more workers, other more modern economic theories suggest that increased wages actually decrease unemployment by creating more consumer demand. Structural unemployment covers a variety of causes of unemployment including a mismatch between workers skills and the skills required for open jobs. Large amounts of unemployment can occur when an economy is transitioning industries. While some types of unemployment may occur regardless of the condition of the economy, Okuns law represents the empirical relationship between unemployment and economic growth. The original version of Okuns law states that a 3% increase in output would lead to a 1% decrease in unemployment, a general price increase across the entire economy is called inflation
17.
Exchange rate
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In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one currency in relation to another currency. For example, an exchange rate of 119 Japanese yen to the United States dollar means that ¥119 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥119. In this case it is said that the price of a dollar in relation to yen is ¥119, trading from 20,15 GMT on Sunday until 22,00 GMT Friday. The spot exchange rate refers to the current exchange rate, the forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers, most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, the quoted rates will incorporate an allowance for a dealers margin in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash, a form or electronically. The higher rate on documentary transactions has been justified as compensating for the additional time, on the other hand, cash is available for resale immediately, but brings security, storage, and transportation costs, and the cost of tying up capital in a stock of banknotes. Currency for international travel and cross-border payments is predominantly purchased from banks, foreign exchange brokerages and these retail outlets source currency from the inter-bank markets, which are valued by the Bank for International Settlements at 5.3 trillion US dollars per day. The purchase is made at the contract rate. Retail customers will be charged, in the form of commission or otherwise, to cover the providers costs, one form of charge is the use of an exchange rate that is less favourable than the wholesale spot rate. The difference between retail buying and selling prices is referred to as the bid-ask spread, in the foreign exchange market, a currency pair is the quotation of the relative value of a currency unit against the unit of another currency. The quotation EUR/USD1.3225 means that 1 Euro will buy 1.3225 US dollars, in other words, this is the price of a unit of Euro in US dollars. Here, EUR is called the Fixed currency, while USD is called the Variable currency, there is a market convention that determines which is the fixed currency and which is the variable currency. In most parts of the world, the order is, EUR – GBP – AUD – NZD – USD – others. Accordingly, in a conversion from EUR to AUD, EUR is the currency, AUD is the variable currency. Cyprus and Malta, which were quoted as the base to the USD, in some areas of Europe and in the retail market in the United Kingdom, EUR and GBP are reversed so that GBP is quoted as the fixed currency to the euro
18.
Goods and services
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Physiocratic economists categorized production into productive labour and unproductive labour. This emphasis on production was adapted by David Ricardo, Thomas Robert Malthus and John Stuart Mill. Other, mainly Italian, 18th century economists maintained that all desired goods, the division of consumables into services is a simplification, these are not discrete categories. Most business theorists see a continuum with pure service at one endpoint, most products fall between these two extremes. For example, a restaurant provides a good, but also provides services in the form of ambience. Although some utilities, such as electricity and communications service providers, exclusively provide services, other utilities deliver physical goods, for public sector contracting purposes in the European Union, electricity supply is actually defined as goods rather than services. Goods are normally structural and can be transferred in an instant while services are delivered over a period of time, goods can be returned while a service once delivered cannot. Goods are not always tangible and may be virtual e. g. a book may be paper or electronic, marketing theory makes use of the service-goods continuum as an important concept which enables marketers to see the relative goods/services composition of total products. In a narrower sense, service refers to quality of customer service and this particular usage occurs frequently in retailing. Distinctions are made between goods and services in the context of international trade liberalization, for example, the World Trade Organizations General Agreement on Tariffs and Trade covers international trade in goods and the General Aglreement on Trade in Services covers the services sector
19.
Supply chain
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A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of resources, raw materials. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable, importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within, more recently, the loosely coupled, self-organizing network of businesses that cooperates to provide product and service offerings has been called the extended enterprise. As part of their efforts to demonstrate ethical practices, many companies and global brands are integrating codes of conduct and guidelines into their corporate cultures. Through these, corporations are making demands on their suppliers and verifying, through social audits, a lack of transparency in the supply chain is known as mystification, which bars consumers from the knowledge of where their purchases originated and can enable socially irresponsible practices. Supply Chain Managers are under constant scrutiny to secure the best pricing for their resources, cost Benchmarking is one effective method for identifying competitive pricing within the industry. This gives negotiators a solid basis to form their strategy on, omnichannel Supply Chain is the latest term used in retail. This is how customers can shop any time, anywhere, any place, there are a variety of supply chain models, which address both the upstream and downstream elements of supply chain management. The SCOR model, developed by a consortium of industry and the non-profit Suppl Chain Council became the de facto standard defining the scope of supply chain management. SCOR measures total supply chain performance and it is a process reference model for supply-chain management, spanning from the suppliers supplier to the customers customer. The Global Supply Chain Forum has introduced another supply chain model and this framework is built on eight key business processes that are both cross-functional and cross-firm in nature. Each process is managed by a team including representatives from logistics, production, purchasing, finance, marketing. While each process interfaces with key customers and suppliers, the processes of customer relationship management, the PCF was developed by APQC and its member organizations as an open standard to facilitate improvement through process management and benchmarking, regardless of industry, size, or geography. The PCF organizes operating and management processes into 12 enterprise-level categories, including process groups, in 2013, the Supply Chain Roadmap has been presented. It is a method where a supply chain strategy can be reviewed in an organized. The method is supported in the most important and recognised theories and practices about supply chain strategy, method is applied in four steps. The method was developed by Hernan David Perez, a supply chain manager in several industrial sectors
20.
Walmart
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Wal-Mart Stores, Inc. doing business as Walmart, is an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962, as of January 31,2017, Walmart has 11,695 stores and clubs in 28 countries, under a total of 63 banners. The company operates under the name Walmart in the United States and it operates as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Brazil, and Canada and it also owns and operates the Sams Club retail warehouses. Walmart is the worlds largest company by revenue, according to the Fortune Global 500 list in 2016 and it is a family-owned business, as the company is controlled by the Walton family. Sam Waltons heirs own over 50 percent of Walmart through their company, Walton Enterprises. Walmart is also one of the worlds most valuable companies by market value, in 2016,62.3 percent of Walmarts US$478.614 billion sales came from its U. S. operations. The company was listed on the New York Stock Exchange in 1972, by 1988, Walmart was the most profitable retailer in the U. S. and by October 1989, it had become the largest in terms of revenue. A Walmart in York, Pennsylvania opened in October 1990, bringing the store to the Northeast. In 1945, a businessman and a former J. C. Penney employee, Sam Walton and his primary focus was on selling products at low prices to get higher-volume sales at a lower profit margin, portraying it as a crusade for the consumer. He experienced setbacks, because the price and branch purchase were unusually high. He passed on the savings in the product pricing, sales increased 45 percent in his first year of ownership to US$105,000 in revenue, which increased to US$140,000 the next year and US$175,000 the year after that. Within the fifth year, the store was generating US$250,000 in revenue, when the lease for the location expired, Walton was unable to reach an agreement for renewal, so he opened up a new store at 105 N. Main Street in Bentonville, naming it Waltons Five and Dime and that store is now the Walmart Museum. On July 2,1962, Walton opened the first Walmart Discount City store at 719 W. Walnut Street in Rogers, within its first five years, the company expanded to 24 stores across Arkansas and reached US$12.6 million in sales. In 1968, it opened its first stores outside Arkansas, in Sikeston, Missouri and Claremore, the company was incorporated as Wal-Mart Stores, Inc. on October 31,1969. In 1970, it opened its office and first distribution center in Bentonville. It had 38 stores operating with 1,500 employees and sales of US$44.2 million and it began trading stock as a publicly held company on October 1,1970, and was soon listed on the New York Stock Exchange
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Manufacturing
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Manufacturing is the value added to production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. Manufacturing engineering or manufacturing process are the steps through which raw materials are transformed into a final product, the manufacturing process begins with the product design, and materials specification from which the product is made. These materials are modified through manufacturing processes to become the required part. Manufacturing takes turns under all types of economic systems, in a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more directed by the state to supply a centrally planned economy. In mixed market economies, manufacturing occurs under some degree of government regulation, modern manufacturing includes all intermediate processes required the production and integration of a products components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead, the manufacturing sector is closely connected with engineering and industrial design. Examples of major manufacturers in North America include General Motors Corporation, General Electric, Procter & Gamble, General Dynamics, Boeing, Pfizer, examples in Europe include Volkswagen Group, Siemens, and Michelin. Examples in Asia include Sony, Huawei, Lenovo, Toyota, Samsung, in its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. In much of the world, the guild system protected the privileges. Before the Industrial Revolution, most manufacturing occurred in rural areas, entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. Toll manufacturing is an arrangement whereby a first firm with specialized equipment processes raw materials or semi-finished goods for a second firm, manufacturing provides important material support for national infrastructure and for national defense. On the other hand, most manufacturing may involve significant social and environmental costs, the clean-up costs of hazardous waste, for example, may outweigh the benefits of a product that creates it. Hazardous materials may expose workers to health risks and these costs are now well known and there is effort to address them by improving efficiency, reducing waste, using industrial symbiosis, and eliminating harmful chemicals. The negative costs of manufacturing can also be addressed legally, developed countries regulate manufacturing activity with labor laws and environmental laws. Across the globe, manufacturers can be subject to regulations and pollution taxes to offset the costs of manufacturing activities. Labor unions and craft guilds have played a role in the negotiation of worker rights. Environment laws and labor protections that are available in developed nations may not be available in the third world, tort law and product liability impose additional costs on manufacturing
22.
OECD
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The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade. Most OECD members are high-income economies with a very high Human Development Index and are regarded as developed countries, in 1948, the OECD originated as the Organisation for European Economic Co-operation, led by Robert Marjolin of France, to help administer the Marshall Plan. This would be achieved by allocating American financial aid and implementing programs for the reconstruction of Europe after World War II. The OECDs headquarters are at the Château de la Muette in Paris, the OECD is funded by contributions from member states at varying rates. And had a budget of EUR363 million in 2015. It started its operations on 16 April 1948, and originated from the work done by the Committee of European Economic Co-operation in 1947 in preparation for the Marshall Plan, since 1949, it was headquartered in the Château de la Muette in Paris, France. After the Marshall Plan ended, the OEEC focused on economic issues, in 1958, a European Nuclear Energy Agency was set up under the OEEC. By the end of the 1950s, with the job of rebuilding Europe effectively done, some leading countries felt that the OEEC had outlived its purpose and this reconstituted organisation would bring the US and Canada, who were already OEEC observers, on board as full members. It would also set to work away on bringing in Japan. Following the 1957 Rome Treaties to launch the European Economic Community, the Convention was signed in December 1960 and the OECD officially superseded the OEEC in September 1961. It consisted of the European founder countries of the OEEC plus the United States and Canada, the official founding members are, During the next 12 years Japan, Finland, Australia, and New Zealand also joined the organisation. Yugoslavia had observer status in the organisation starting with the establishment of the OECD until its dissolution as a country, the OECD created agencies such as the OECD Development Centre, International Energy Agency, and Financial Action Task Force on Money Laundering. Unlike the organizations of the United Nations system, OECD uses the spelling organisation with an s in its name rather than organization, in 1989, after the Revolutions of 1989, the OECD started to assist countries in Central Europe to prepare market economy reforms. This programme also included an option for these countries. As a result of this, Poland, Hungary, the Czech Republic, in the 1990s, a number of European countries, now members of the European Union, expressed their willingness to join the organisation. In 1995, Cyprus applied for membership, but, according to the Cypriot government, in 1996, Estonia, Latvia, and Lithuania signed a Joint Declaration expressing willingness to become full members of the OECD. Slovenia also applied for membership that same year, in 2005, Malta applied to join the organisation. The EU is lobbying for admission of all EU member states, Romania reaffirmed in 2012 its intention to become a member of the organisation through the letter addressed by the Romanian Prime Minister Victor Ponta to OECD Secretary-General José Ángel Gurría
23.
Eurostat
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Eurostat is a Directorate-General of the European Commission located in Luxembourg. The organisations in the different countries which actively cooperate with Eurostat are summarised under the concept of the European Statistical System, Eurostat operates pursuant to Regulation No 223/2009. As a Directorate-General of the Commission, Eurostat is allocated to the portfolio of the European Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen. The current acting Director-General of Eurostat is Mariana Kotzeva since January 1,2017, former Deputy Director-General of Eurostat,1953 The Statistics Division for the European Coal and Steel Community established. 1958 The European Community founded and the forerunner of Eurostat established,1959 The present name of Eurostat as the Statistical Office of the European Communities adopted. First publication issued - on agricultural statistics,1960 First Community Labour Force Survey. 1970 The European System of Integrated Economic Accounts published and the general Statistical Classification of Economic Activities in the European Community established,1974 First domain in the statistical database Cronos databank installed. 1988 European Commission adopts a document defining the first policy for statistical information,1989 The Statistical Programme Committee established and the first programme adopted by the Council as an instrument for implementing statistical information policy. 1990 The Council adopts a directive on transmission of data to Eurostat. 1991 Eurostat’s role extended as a result of the agreement on establishment of the European Economic Area,1993 The single market extends Eurostat’s activities e. g. Intrastat established for statistics on intra-EU trade. Eurostat starts issuing regular news releases, harmonised Indices of Consumer Prices HICP published for the first time - designed for Economic and Monetary Union of the European Union convergence criteria. 1998 The eleven countries in at the start of EMU announced,1999 Start of EMU,1 January 2001. 2001 In April, Eurostat, in collaboration with five other international organisations launched the Joint Oil Data Exercise,2002 Start of the Euro on 1 January, Eurostat supplies key statistics for monetary policy. 2003 Irregularities were suspected in Eurostat, see Eurostat scandal,2004 Start of free-of-charge dissemination of all statistical data except microdata for research purposes. 2007 The currently valid five-year Statistical Programme 2008-2012 was adopted,2009 New European Regulation governing statistical cooperation in the European Union was adopted. 2010 Following strong critics from within and outside the EU on how it did handle falsified Greek data, the European Commission proposes powers for Eurostat to audit the books of national governments in response to the Greek government-debt crisis. 2011 Revision of European Statistics Code of Practice by the European Statistical System Committee, the Eurostat statistical work is structured into Themes and Sub-themes. They are placed on the Eurostat website at 11,00 in the morning and this is also the time that the press release content may be distributed to the public by press agencies
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International Standard Book Number
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The International Standard Book Number is a unique numeric commercial book identifier. An ISBN is assigned to each edition and variation of a book, for example, an e-book, a paperback and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, the method of assigning an ISBN is nation-based and varies from country to country, often depending on how large the publishing industry is within a country. The initial ISBN configuration of recognition was generated in 1967 based upon the 9-digit Standard Book Numbering created in 1966, the 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108. Occasionally, a book may appear without a printed ISBN if it is printed privately or the author does not follow the usual ISBN procedure, however, this can be rectified later. Another identifier, the International Standard Serial Number, identifies periodical publications such as magazines, the ISBN configuration of recognition was generated in 1967 in the United Kingdom by David Whitaker and in 1968 in the US by Emery Koltay. The 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108, the United Kingdom continued to use the 9-digit SBN code until 1974. The ISO on-line facility only refers back to 1978, an SBN may be converted to an ISBN by prefixing the digit 0. For example, the edition of Mr. J. G. Reeder Returns, published by Hodder in 1965, has SBN340013818 -340 indicating the publisher,01381 their serial number. This can be converted to ISBN 0-340-01381-8, the check digit does not need to be re-calculated, since 1 January 2007, ISBNs have contained 13 digits, a format that is compatible with Bookland European Article Number EAN-13s. An ISBN is assigned to each edition and variation of a book, for example, an ebook, a paperback, and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, a 13-digit ISBN can be separated into its parts, and when this is done it is customary to separate the parts with hyphens or spaces. Separating the parts of a 10-digit ISBN is also done with either hyphens or spaces, figuring out how to correctly separate a given ISBN number is complicated, because most of the parts do not use a fixed number of digits. ISBN issuance is country-specific, in that ISBNs are issued by the ISBN registration agency that is responsible for country or territory regardless of the publication language. Some ISBN registration agencies are based in national libraries or within ministries of culture, in other cases, the ISBN registration service is provided by organisations such as bibliographic data providers that are not government funded. In Canada, ISBNs are issued at no cost with the purpose of encouraging Canadian culture. In the United Kingdom, United States, and some countries, where the service is provided by non-government-funded organisations. Australia, ISBNs are issued by the library services agency Thorpe-Bowker
25.
Arthur O'Sullivan (economist)
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Arthur OSullivan is an American economist, Professor of Economics at Lewis & Clark College, and author of college textbooks on economics. Sole author Urban Economics, Irwin / McGraw-Hill Series in Urban Economics,1990 –2008, ISBN 978-0-07-337578-6 With Steven M. Sheffrin Economics, Principles in Action, Pearson Prentice Hall,2003. ISBN 978-0-13-063085-8 Microeconomics, Principles and Tools, Prentice-Hall,2004
26.
Upper Saddle River, New Jersey
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Upper Saddle River is a borough in Bergen County, New Jersey, United States. It is not to be confused with the borough of Saddle River. Upper Saddle River was settled in the 18th century principally by Dutch settlers who built mills along the Saddle River, the area was granted borough status in 1894 and remained principally rural until the 1950s. The suburban growth of New Jersey affected Upper Saddle River and surrounding municipalities, the population has remained fairly constant since 1970. Commerce and industry are concentrated along the western border along Route 17. Postal service is shared with the borough of Saddle River. The borough was formed during the Boroughitis phenomenon then sweeping through Bergen County, Upper Saddle Rivers referendum passed on November 20, one day after the referendum passed for Saddle River. According to the United States Census Bureau, the borough had an area of 5.281 square miles. The borough is bisected by the Saddle River, a tributary of the Passaic River, unincorporated communities, localities and place names located partially or completely within the township include Duffys Mills, Hoppers Mills and Posts Mills. Along with the borough of Saddle River, Upper Saddle River has traditionally ranked at. Recent development of housing and associated population expansion has shifted the boroughs standing slightly. As of the census of 2010, there were 8,208 people,2,639 households, the population density was 1,560.0 per square mile. There were 2,776 housing units at a density of 527.6 per square mile. Hispanic or Latino of any race were 4. 33% of the population,10. 7% of all households were made up of individuals, and 5. 5% had someone living alone who was 65 years of age or older. The average household size was 3.11 and the family size was 3.37. In the borough, the population was out with 30. 6% under the age of 18,5. 3% from 18 to 24,18. 0% from 25 to 44,32. 9% from 45 to 64. The median age was 42.9 years, for every 100 females there were 96.1 males. For every 100 females ages 18 and old there were 93.8 males, the Census Bureaus 2006-2010 American Community Survey showed that median household income was $175,399 and the median family income was $179,241
27.
Prentice Hall
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Prentice Hall is a major educational publisher owned by Pearson PLC. Prentice Hall publishes print and digital content for the 6–12 and higher-education market, Prentice Hall distributes its technical titles through the Safari Books Online e-reference service. On October 13,1913, law professor Dr. Charles Gerstenberg, Gerstenberg and Ettinger took their mothers maiden names—Prentice and Hall—to name their new company. Prentice Hall was acquired by Gulf+Western in 1984, and became part of that companys publishing division Simon & Schuster, publication of trade books ended in 1991. Simon & Schusters educational division, including Prentice Hall, was sold to Pearson by G+W successor Viacom in 1998, Prentice Hall is the publisher of Magruders American Government as well as Biology by Ken Miller and Joe Levine. Their artificial intelligence series includes Artificial Intelligence, A Modern Approach by Stuart J. Russell and Peter Norvig and they also published the well-known computer programming book The C Programming Language by Brian Kernighan and Dennis Ritchie and Operating Systems, Design and Implementation by Andrew S. Tanenbaum. A Prentice Hall subsidiary, Reston Publishing, was in the foreground of technical-book publishing when microcomputers were first becoming available. They followed with a collection of books that was generally by and for programmers, building a stalwart list of titles relied on by many in the first generation of microcomputers users
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Oxford University Press
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Oxford University Press is the largest university press in the world, and the second oldest after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics appointed by the known as the delegates of the press. They are headed by the secretary to the delegates, who serves as OUPs chief executive, Oxford University has used a similar system to oversee OUP since the 17th century. The university became involved in the print trade around 1480, and grew into a printer of Bibles, prayer books. OUP took on the project became the Oxford English Dictionary in the late 19th century. Moves into international markets led to OUP opening its own offices outside the United Kingdom, by contracting out its printing and binding operations, the modern OUP publishes some 6,000 new titles around the world each year. OUP was first exempted from United States corporation tax in 1972, as a department of a charity, OUP is exempt from income tax and corporate tax in most countries, but may pay sales and other commercial taxes on its products. The OUP today transfers 30% of its surplus to the rest of the university. OUP is the largest university press in the world by the number of publications, publishing more than 6,000 new books every year, the Oxford University Press Museum is located on Great Clarendon Street, Oxford. Visits must be booked in advance and are led by a member of the archive staff, displays include a 19th-century printing press, the OUP buildings, and the printing and history of the Oxford Almanack, Alice in Wonderland and the Oxford English Dictionary. The first printer associated with Oxford University was Theoderic Rood, the first book printed in Oxford, in 1478, an edition of Rufinuss Expositio in symbolum apostolorum, was printed by another, anonymous, printer. Famously, this was mis-dated in Roman numerals as 1468, thus apparently pre-dating Caxton, roods printing included John Ankywylls Compendium totius grammaticae, which set new standards for teaching of Latin grammar. After Rood, printing connected with the university remained sporadic for over half a century, the chancellor, Robert Dudley, 1st Earl of Leicester, pleaded Oxfords case. Some royal assent was obtained, since the printer Joseph Barnes began work, Oxfords chancellor, Archbishop William Laud, consolidated the legal status of the universitys printing in the 1630s. Laud envisaged a unified press of world repute, Oxford would establish it on university property, govern its operations, employ its staff, determine its printed work, and benefit from its proceeds. To that end, he petitioned Charles I for rights that would enable Oxford to compete with the Stationers Company and the Kings Printer and these were brought together in Oxfords Great Charter in 1636, which gave the university the right to print all manner of books. Laud also obtained the privilege from the Crown of printing the King James or Authorized Version of Scripture at Oxford and this privilege created substantial returns in the next 250 years, although initially it was held in abeyance. The Stationers Company was deeply alarmed by the threat to its trade, under this, the Stationers paid an annual rent for the university not to exercise its full printing rights – money Oxford used to purchase new printing equipment for smaller purposes
