micro and macro economic

Q.1 what is the difference between microeconomic and macroeconomic?

Answer.

a.      Microeconomics

Is a branch of economics in which there is the study of how the individual parts of the economy, made up of households and firms, make decisions in order to allocate a limited amount of resources? These decisions are usually done in markets where goods and services are being bought and sold.  Microeconomics examines how all these decisions on the individual part have an impact on the supply and demand of goods, which in turn determine price and which itself determines the supply and demand of these goods and services. Microeconomics is not just about how individual parts affect the economy, but it is also about the effects of economic policies like taxation on the economy. Microeconomics also has the goal of analyzing market mechanisms in order to establish prices among goods and services and to allocate limited resources through alternative uses.

b.      Macroeconomics

In contrast to microeconomics, macroeconomics deals with the performance, behavior, decision-making and structure of the entire economy. This can be the national economy, the regional economy, or even the world economy. Typically, macroeconomics will look at GDP, unemployment rates and price indexes to determine how the economy is functioning. Macroeconomists will create models as well that look at the relationships between:

1. National income
2. Output
3. Consumption
4. Inflation
5. Unemployment
6. Savings
7. International trade
8. International finance
9. Investments

Macroeconomics, by definition, is very broad in its scope and study, but there are two areas where macroeconomists will research. These are the attempt to understand the causes and consequences of short-run fluctuations within a business cycle and the attempt to understand the determinants of the increases in national income.

Q.2 What is IMF? Where is it? The purpose of IMF?

IMF - INTERNATIONAL MONETARY FUND.

The International Monetary Fund (IMF) is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

An international organization created for the purpose of: 

1. Promoting global monetary and exchange stability.

2. Facilitating the expansion and balanced growth of international trade.

3. Assisting in the establishment of a multilateral system of payments for current transactions.

ASSIGNMENT FOR TECHNIACL COMMUNICATION

What is business report?

A business report is a standard form of business communication that combines qualitative and quantitative information in a logical format, serving as critical corporate documentation. Business reports present information-based views of the enterprise to appropriate audiences and can be automatically individualized for each user

What are the different types of business report. What are they?

Here are some that I have found: market research reports, marketing reports, technical reports, progress reports, financial reports

Also including the audit report, test report, medical report, annual general meeting report, appraisal report, medical report, technical report, laboratory report, quality testing report, project report

Who writes reports?

reporters

A reporter is a type of journalist who researches, writes, and reports on information to be presented in mass media

Why we write reports?

because we have to:

-          to enable us to keep records

-          to inform all interested Ugandans

-          to tell about failures and successes

-          for ourselves, to keep on knowing what we are doing

-          to communicate to donors and funders (how the project progresses(

-          so donors could be encouraged knowing what happened with their donations

-          to let other people know about the developments of a project

-          so other people can be encouraged to do their own projects

-          so community members would be encouraged and informed

-          so other people can learn what we did

-          to help researchers to do their work

-          to determine further action

-          to use for evaluation; and for the Government

MY First Essay To You MR.Abdulsalam

Petroleum industry

               Petroleum has brought enumerable benefits to human civilization; quality of life and dynamic prosperity is fueled by this precious, miraculous resource.

Petroleum is the lifeline of modern civilization. It is the source of energy for agricultural, industrial and transport sectors and keeps the wheel of other essential industries moving. In fact, there is no conceivable area where energy does not play its vital role.

Petroleum currently provides 90 per cent of energy used for transportation, and while its benefits are astounding, the use of petroleum-based technologies also has cost.

The environmental impacts associated with extracting and transporting petroleum remain a major issue, as the extraction of petroleum can affect fragile ecosystems. However, oil companies continue to develop new techniques and enhanced recovery methods, which reduce the footprint of drilling equipment and the amount of land affected.

Perhaps the m«st serious concern, the combustion of fossil fuels contributes a variety of emissions to the atmosphere and releases carbon dioxide, a potent greenhouse gas. These emissions have modified atmospheric greenhouse gas concentrations, which play an important role in moderating global temperatures. Therefore, there is considerable interest in reducing our reliance on petroleum-based technologies.

At the time of independence, India produced crude oil from only one onshore field in Digboi, Assam. At that time, the country depended upon imports for international oil companies controlled 90 per cent of petroleum products and the industry. With Oil and Natural Gas Corporation (ONGC) and Oil India Ltd. (OIL), the production today has increased to over 34 MMTPA by technology upgradation and assimilation. During this period exploration and production activity has grown in its scope and has moved from onshore to offshore.

Natural Gas Corporation associated with oil production, which was flared at the well head in the earlier day, is now being harnessed and supplied for power generation to gas-based power plants, as raw material units including petrochemical industry.

Natural gas production has risen from 'nil' at the time of independence to about 29 billion cubic meters during the five decades of planned economic development and it is taken to the consumer through an extensive network of 4100 kms. Gas pipeline system.

Finally petroleum industry is the most important energy in the world that all people or most of them relay on this type of energy and also the infrastructure of the country relay on this type of energies like(electricty, factories…..etc.)