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The year 1994 saw the beginning of a new era in trade relations among three major countries of North America. With the launch of North America Free Trade Agreement i.e., NAFTA, comprising of world’s two most powerful economies USA and Canada and Mexico, the whole economic situation of the region has become a matter of close observation. If the case of Canada and USA is looked upon, there already exist a number of bilateral agreements on issues from defense, border security to trade an

Human civilization, its development has got influenced by the discovery and use of fiber. Natural fibers have been used by humans since the very beginning of human race. Later for different applications a number of fibers such as flax, cotton, silk and other plant fibers came under human usage. Natural fibers are still in use and are available as an agro produce but it’s the artificial fibers which is at present ruling the textile industry. The industry currently produces a number of

As outsourcing has grown in the last 10 years due to the advancements of Technology, the U.S. has had to enforce rigorous sanctions on its trade policy. For example, according to the Wikipedia article "Economic Sanctions," "in 2002 the United States placed import tariffs on steel in an effort to protect its industry from foreign producers, such as China..." (1). Furthermore, these sanctions have been the main component in creating tension between the import and export industry, domestic and i

Although taxes are compulsory contributions imposed by relevant authorities to the citizens it should be noted that it enable such authorities in provision of public goods and services that can be used by all citizens without discrimination. In essence, taxes are said to be a source of revenue which can be utilized to meet the requirements of the members of the public. From the constitution of the state of Bacteria, it is evident that taxes as a source of revenue are used to pay the debts and li

Taxation means compulsory payment to the government where in return no benefit is derived to an individual. Basically, it is used to regulate the economy. Tax is actually raising money for the purposes of government by means of contributions from individual persons. There are 2 types of tax which are direct taxes and indirect taxes. Direct taxes are tax paid directly to the government such as income tax, real property gains tax, stamp duty, petroleum income tax and also offshore business activit

Introduction Pharmaceutical Industry of Pakistan is amongst one of the most organized and scientifically managed industry of Pakistan. Comprising of over 250 manufacturers, 40000 registered chemists, 6000 wholesalers and distributors and around 1500 importers. The sales turnover was $718.00 million in 1997. Multinational Pharmaceutical Companies (M N P C) are 23 in number and still enjoys 60 per cent market share. Pakistan has attained 80% self-sufficiency in its requirement of pharmaceutical

Economics: According to Lord Robins, “Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.” Economics is subdivided into microeconomics (study of individual markets) and macroeconomics (study of the entire economy). Understanding how an economy works is a daunting task. Despite that, the economy is further subdivided into several complex sub-units which may comprise whole systems, one of which is the Soci

Outline ' Significance of a Stock Market ' What is the Stock Market? ' What is a Specialist and how to become one? ' The best time to buy a Stock Summary At the stock exchange, offers to sell and purchase are not collected up and then confronted simultaneously at some particular moment of the market day. There seems little doubt that, within limits, the price of a stock is adjudicated by the specialist, and that so long as his decision is not wildly unreasonable, price simply is whateve

Summary The article is about the current price rise of crude oil to $100 per barrel and it forecasts the price of the oil using key determinants. The article discusses the law of supply and states the existing scenario of oil prices is an exception to the case. Then the article explains the transition of oil prices from Buyers market to Sellers market. Then the basis of pricing in each market is discussed. The demand-supply gap is then discussed. In a sellers market, pricing of oil is done th

The debt consolidation loans are generally categorized as credit repair loans. An individual can find many creditors who lend money without qualifying any definite criteria. A person who may have very low credit scores or might have faced bankruptcy recently can also ask for a loan from such a lender. The hazards behind such a deal is that lenders impose large rate of interest on buyers based on the excuse that they are taking a larger risk by lending them money. In such cases the consolidation