New York City, London, and Tokyo are examples of on-shore financial centers because of their fiscal transparency and strict tax policies.
What is the meaning of financial center?
A financial hub, often referred to as a financial center by the International Monetary Fund (IMF), is a city or region that serves as the headquarters for numerous different financial services organizations. With the use of the metaphorical term "hub," the financial services sector is compared to a wheel with a hub and spokes.
Which city is the financial centre of the world?
With the NASDAQ and the New York Stock Exchange, the two biggest stock exchanges in the world, New York is once again in the lead. London comes in second, bruised but unfazed by the aftershocks of Brexit. In the most recent rankings, Shanghai passed Tokyo to take third place worldwide.
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No, they can't
They can't call you before 8 am
and they also can't call you after 9 pm
Answer:
A well-developed strategy is easier to implement than one that has not received sufficient thought. Create strategies that can be effectively implemented by specifying clear objectives and projecting measurable milestones. Align these strategic steps with your company's overall mission.
Explanation:
Answer: The buzzword to be used is <u>synergy</u>
<u>Explanation:</u>
Synergy means that two or more than two organisations combine their efforts. They decide to cooperate with each other so that they can produce better results compared to what they produce when they are separate.
When one company decides to merge with the other company, they decide to combine their resources. They take combined decisions so that they can work for their own betterment and to improve the productivity.
The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.
Elasticity of demand measures the relationship that exists between price and quantity demanded.
Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.
<u><em>Types of elasticity.</em></u>
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Elastic demand (supply): This means that demand (supply) is sensitive to price changes
- Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
- Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.
<em><u>Factors that affect elasticity </u></em>
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The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.
- The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes. In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
- Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.
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