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The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "market price", is the price where economic forces such as supply ...
4,086 MW. Production (2017) 14,671 GWh. The electricity sector in Sri Lanka has a national grid which is primarily powered by hydroelectric power and thermal power, with sources such as photovoltaics and wind power in early stages of deployment. Although potential sites are being identified, other power sources such as geothermal, nuclear ...
Sri Lanka ’s gem industry has a very long and colorful history. Sri Lanka was affectionately known as Ratna-Dweepa which means Gem Island. The name is a reflection of its natural wealth. Marco Polo wrote that the island had the best sapphires, topazes, amethysts, and other gems in the world. [ 1] Ptolemy, the 2nd century astronomer recorded ...
In 1956, Sri Lanka played its first international match against Australia's national team in Sri Lanka. [10] In 1972, the Netball Federation of Sri Lanka was created. [10] In 1983, Netball Federation of Sri Lanka was dissolved by the government. [10] England's record against Ceylon in international matched between 1949 and 1976 was one win. [11]
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