Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets. Characters in the case: Specialized organizations. Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility. To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

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Answer 1

Question

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

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Answer 2

Question

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Expert Solution & Answer

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Answer 3

Question

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Expert Solution & Answer

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Answer 5

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Answer 6

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Answer 7

Chapter 2, Problem 1VC

Summary Introduction

Case summary: Poor people get small loans from specialized organizations in developed countries that they invest in small businesses and repay with interest, after repayment such people become eligible to avail the loan once again, such organizations also provide saving account facilities and insurance against losses, in addition the existence of free market encourage people to start their own businesses and the prices are fixed by the market forces, in such a way poor people are getting advantage through such organizations and free markets.

Characters in the case: Specialized organizations.

Adequate information: Specialized organizations are referred as organizations that provide small loans to the poor, saving account facility and insurance facility.

To determine: The reason for need of an organization like specialized organization, and the availability of loans for poor people through banks and other organizations.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 2.1 - Prob. 2.1AQ Ch. 2.1 - Prob. 2.1BQ Ch. 2.1 - Prob. 2.1CQ Ch. 2.1 - Prob. 1TP Ch. 2.1 - Prob. 2TP Ch. 2.1 - Prob. 3TP Ch. 2.2 - Prob. 2.2AQ Ch. 2.2 - Prob. 2.2BQ Ch. 2.2 - Prob. 4TP Ch. 2.2 - Prob. 5TP

Solution Summary: The author explains that specialized organizations provide small loans to the poor, saving account facilities and insurance against losses, and free markets encourage people to start their own businesses.

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