Cash Physical → Machinery -Enterprise (risk-takers) Organise other factors and allocate resources to reach goal Market systems -Free market Consumers buy; Producers sell without government intervention Invisible hand of competition will facilitate the market -Planned economy All decisions are made by the central government in the economy State monopoly Free market: Advantages Disadvantages Effective and efficient as there is competition Essential services (healthcare) may not
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Ferrer‚ N PD2 Discuss the subjects in which you excel or have excelled. To what factors do you attribute your success? I done well in all of my classes this past 3 years in high school. I believe that in all of them I learned to my fullest. In a way or the other I have excelled in each of my classes. I try my best in all my classes to pass them with a B or a higher grade but not less then a B‚ I don’t like having grades below an 80 percent. I’m even passing the class I hate since I was in middle school and that is history class
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success was once dependent upon an organization’s ability to discover and manage natural resources‚ success today goes to the organizations that most effectively discover and manage their human resources. Though organizations widely recognize the need to attract‚ manage and develop people‚ today HR professionals must strive to do much more. They must enable their organization to build global HR networks in order to expand and prosper in the international arena. They must also develop human resources
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Using the two articles‚ “Labels‚ Clothing‚ and Identity: Are You What You Wear” and “Fashion& Social Identity: A cultural Phenomenon” show the connection between one’s identity and fashion choice. The two articles reveal how people’s choices of fashion define who they are in terms of gender‚ race‚ nationality‚ culture‚ and ethnicity. In my own case‚ I have noticed that these fashion markers of who I am are deeply related to the context (time and place) and are often used to present more prominently
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Differentiating Between Market Structures ECO/365 Differentiating Between Market Structures Today’s firms operate within various environments that economists refer to as market structures. These market structures forge each firm’s operational foundation‚ which essentially lays the groundwork to facilitate competitive marketing strategies. The factors that bolster a firm’s marketing tactics are vital is sustaining profitability as well as solidifying longevity within a particular industry
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autonomous Regulatory Body. The Act empowers the Authority to formulate policies‚ set procurement and disposal standards‚ build procurement and disposal capacity and supervise the procurement and disposal practices of all procuring and disposing entities‚ which include central government ministries and departments‚ local governments‚ constitutional and statutory bodies. The objectives of the Authority are stated in Section 6 of the PPDA Act and these are to: i. ensure the application of fair‚ competitive
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Compare and Contrast of Select Leadership Models Leadership comes in different forms and in different aspects of life from private business to government entities (Wren‚ 1995‚ p. 5). The models of leadership used are dependent upon the individual attributes of the leaders‚ for example traits‚ values‚ self-identity‚ skills‚ and competencies (Yukl‚ 2013‚ p. 136). A close look at select leadership models and how they compare and contrast with each other provides insight into the types of leadership
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Stefan Melendez COM 122 Dr. Clare Douglass April 6‚ 2010 Ashamed of Your Heritage? Shame on You People in the United States often become ashamed of their heritage and mother language because they associate them with something negative. This shame of their heritage and mother language can make the person stop speaking their mother language‚ it can make the person not pass it forward to their children‚ it can close doors to job opportunities‚ it can cause some social problems‚ and it can cause
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John Owner‚ thank you for seeking advice on starting a business and wanting to know the disadvantages and advantages of starting a business. It is very important in researching the different types of businesses and creating a plan for success. Starting a business can be tough but also can be very rewarding. In setting up a business there are three main structures a person can start: Sole Proprietorship‚ Partnership or a Corporation. Each business structure has its advantages and disadvantages
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Have you determined your requirements (size‚ street frontage‚ services‚ etc) before approaching the market? Yes No Do you propose to lease or purchase? Have you made contact with previous tenants or owners to determine the history of the site? Have any disadvantages become apparent? Is the site suitably zoned? Have you assessed the site for the sales potential of the area‚ economic and demographic factors and competition? The customer Is the site suitably located in relation to your target
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