ECONOMIC ANALYSIS -522- SPRING 2010 Q. 1 DISCUSS IN DETAIL THE TERM ECONOMIC RESOURCES WITH REFERENCE TO SERVICE INDUSTRY. EXPLAIN THE LINK BETWEEN SCARCITY‚ CHOICE AND OPPORTUNITY COST. Ans: ECONOMIC RESOURCES are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.) REA (Resources‚ Events‚
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Education Is More Important Everyone of us is a bundle of unique gifts and talents. Our relative success in life depends on how much we believe in ourselves‚ trust our own private genius‚ nurture it and let it grow freely. What education does is that it provides us with the opportunity to unravel and realize our inborn talents‚ while providing us with the skills of thinking and solving problems on our own. Both education and success are relative concepts in the sense that there is a wide difference
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Is Technology Doing More Harm Than Good? The first significant advancement in technology was the invention of fire around 1 million years ago‚ this enabled humans to cook food‚ and create other items such as spears and utensils. Technology now has improved sharply‚ and with Tvs‚ MP3s‚ Computers etc our way of life has changed. With the introduction of Mp3s‚ Tvs and computers‚ life for humans have become easier but also lazier. Obesity in children is at peak levels in Australia‚ United States
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‘It is more important to be clever than beautiful or handsome.’ Do you agree? Outlook was the first impression to the strangers‚ so either you are handsome or beautiful‚ it gives a good impression to them. However‚ living in a modern society‚ being handsome is not the most important thing. Indeed‚ clever is more important in contrast. First of all‚ clever usually makes you successful person. Let’s take an example. When you are studying at university‚ you learns well because you are more clever
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As the development of science and technology‚ hydraulic mining machine has become more and more popular in mining processing. In order to be able to reach the world advanced level‚ we have to recognize the difference‚ and constantly improve their standards. How is about hydraulic mining machine? Advantages of hydraulic mining machine: 1. High production capacity‚ 2. Easy maintenance‚ 3. Stable performance‚ 4. Low consumption. 5. Equiped with hydraulic system of safety oil cylinder
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Who wants to win the “currency war”? A study on the article “One more such victory” from “The economist” Anul 2011 Facultatea de Finanțe‚ Asigurări‚ Bănci și Burse de Valori One more such victory The emerging economies are winning the currency war. No one is celebrating The article we are commenting on today appeared in the online edition of “The Economist” on October‚ 1st and is called “One more such victory”. It brings out the situation of some emerging
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What do you think of “Westernization” in Malaysia? Provide argument and examples. Nowadays‚ we can see there is a lot of westernization in Malaysia. People in Malaysia like to copy the style from western country because they think that country more develop than our country. From my point of view‚ westernization in Malaysia give disadvantages rather than good thing. The westernization gives bad impact to the Malaysian people especially teenagers because we can see that teenagers today have lack
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Smartphones bring more goods than harm Having a smartphone seems to be the trend of the future of wireless communication. As with all new technology‚ there are both advantages and disadvantages to having one. Smartphones seem to have more benefits than risks and this has been proven by their rise in popularity. In my stand‚ I think smartphones bring more goods than harm. Increased connectivity is a major advantage of owning a smartphone. Users today can use their phones to
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Teenager problems and adult problems are usually quite different. It isn’t that one has more problems that the other. Adults generally see teenager’s problems as being very transitory and unimportant in the grand scheme of things. When adults think of teenage problems they think of things like curfew‚ teenage heartbreak‚ friendship drama‚ school issues‚ and the latest fashions. Adults think of adult problems being things like financial problems‚ marital issues‚ losing a job‚ health concerns‚
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Imagine waking up every morning‚ hopping out of bed and automatically burdening yourself on what outfit you will be wearing today. What shoes am I going to wear? What top? What pair of bottoms? Should I wear this or that? Why be in the state of worrying so much about your appearance when there can be uniforms that can steer students minds off the judgment of others‚ make all students look presentable and save money on buying a heap of new clothing ? Uniforms are great when it comes to a students
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