Frankly‚ to know more about Islamic economic‚ lets briefly look at differentiation between Islamic economic and conventional economic. The first different is the role of moral values. Basically‚ conventional economics is more concern towards behavior and preferences of individuals as given. However‚ Islamic economics more concern on individual and social improvement throughout the moral elevation. This moral evaluation or known as uplift moral aims to the changes of individual and preferences of
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The purpose of this paper is to prepare a speech that will be provided to a number of reporters that are not well versed with economics. In this paper I will put emphasis on international trade and foreign exchange rates and how those affect the GDP‚ domestic markets‚ and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to our economy in the United States. What happens when the dollar-value of goods and services
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and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
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the discount rate used to determine present values. Thus‚ all managerial decisions should be analyzed in terms of their effects on value‚ as expressed in this equation. Q1-3 Describe the effects of each of the following managerial decisions or economic influences on the value of the firm: A. The firm is required to install new equipment to reduce air pollution. New equipment installed will increase the operating cost. And the sales may increase if the customers have positive attitude to
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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not like the work. 3. I am not satisfied with the pay. 5. Other: ___ 10 32 36 Food Housekeeping Maintenance 2. I do not like my supervisor. 4. I am not satisfied with my shift. 0 Why maintenance employees quit Why food employees quit 1 1 1 6 11 2 5 13 1. I do not like the work. 3. I am not satisfied with the pay. 5. Other: ___ 2 1. I do not like the work. 3. I am not satisfied with the pay. 5. Other: ___ 2. I do not like my supervisor. 4. I am not satisfied with my shift. Why housekeeping
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conduct (or behaviour) of firms within a market . T he concentration ratio measures the extent to which a market or industry is dominated by a few leading firms. Normally an oligopoly exists when the top five firms in the market account for more than 6 0% of total market sales. Characteristics of an oligopoly T here is no single theory of price and output under conditions of oligopoly. If a price war breaks out‚ oligopolists may choose produce and price much as a highly competitive industry
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parts of a firm’s financial plans. 4. After-tax cash flow is equal to earnings after tax plus noncash charges. 5. The statement of cash flows shows the effects of a firm’s operating‚ investing‚ and financing activities on its cash balance. 6. The percentage of sales forecasting method is used in estimating the amount of additional financing that a firm will need for a given increase in sales‚ based on certain assumptions about the relationship between sales and the various asset and liability
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of the root cause. While treating the symptoms can create some improvement‚ the returns on your coaching efforts are maximized when you focus on the root cause itself. The diagram below provides an example of how different components can actually impact a particular development area: Sample Root Cause Analysis of an Employee’s Difficulty in Managing Projects Coaching Plan Template Coaching plans serve two purposes: they create a foundation for consistent coaching efforts across
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