DEFINITIONS OF ECONOMICS In simple‚ economics is the scientific study of the choices made by individuals and societies in regard to the alternative uses of scarce resources which are employed to satisfy wants. Different views about economy are presented below. 1) Economics is what Economists do. John Maynard Keynes described what he thought economists do in Essays in Biography in 1933. An economist‚ he wrote‚ must possess a rare combination of gifts. He must be mathematician‚ historian‚ statesman
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Roman Forum area Taylor Briseño Flavian Amphitheater Just like the Roman Colosseum it is a large circular structure that served as entertainment for the Romans. It is the third largest Roman Amphitheater in Italy. Only the Roman Colosseum and the Capuan Amphitheater are larger than this one. It was build by the crossing roads of Naples‚ Capua‚ and Cumae. It was built in Pozzuoli. Temple of Saturn Today there are only eight standing columns it shows Rome’s ancient heritage still stands
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products‚ making sure its customers are satisfied. There are many definitions of marketing. We will focus on four which will provide insight into how marketing is used in practice. There is one of the simplest accepted definitions of Marketing which is: “Marketing is the management of exchange relationships” (The celebrated American author of marketing textbooks‚ Philip Kotler). While clearly focused and concise‚ this definition emphasises the role of marketing in relating to the world outside the
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Functional areas in business In a business‚ it is usually easier to identify separate functional areas or tasks because people work together in departments. Each department carries out the tasks that relate to its particular area. The administration function Administration is a support function required by all businesses and this does not mean just doing keyboarding or filing. Senior administrators carry out a wide range of tasks‚ from monitoring budgets to interviewing new staff or their
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Definition of Strategy: The term “strategy” is usually used in two perspectives. As an adjective assigning particular important to some actions‚ activity or process‚ it is possible to speak of strategic management‚ strategic planning or decision making. These are all dreams to be activities‚ which are essential to the organization existence. It can also be used as a noun‚ to describe a path way along which the organization moves towards its goals or objectives. The term “strategy” stems from the
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Comparison Chart of the Philosophical Models of Education General Chart of Philosophical Models of Education Idealism: Ideas are the only true reality‚ the only thing worth knowing. Focus: Minds Realism: Reality exists independent of human mind. World of physical objects ultimate reality. Focus: Bodies Pragmatism: Universe is dynamic‚ evolving. Purpose of thought is action. Truth is relative. Focus: Experiences Existentialism: Reality is subjective‚ within the individual. Individual
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Marketing is the strategic mix of activities that look to accomplish organizational goals by performing tasks based on customer needs in an effort to promote new products or services that in turn grow the organizations business. Marketing will always be instrumental in organizational success. A company must depend on a solid marketing plan to support sales‚ production‚ innovation‚ and future growth. “Marketing should begin with potential customer needs – not with the production process‚” (Perreault
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Definition of Addiction "Addiction" can have several definitions depending on the situation and the setting. My sister is addicted to exercising because she does it constantly. Smokers are addicted to cigarettes because they crave them and feel like they can’t function without them. My grandfather is addicted to hunting because it is expensive‚ time-consuming‚ and he’s just doing it to seek pleasure. My grandmother hates hunting because it consumes up so much of grandfather’s time that he
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Corporate Social Responsibility Definition 2 What is CSR? a form of corporate self-regulation integrated into a business model process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment‚ consumers‚ employees‚ communities‚ stakeholders and all other members of the public sphere to aid an organization’s mission as well as a guide to what the company stands for 3 a titled What is sustainable
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I have discovered some very interesting facts about the four areas of communication: interpersonal‚ lifespan‚ health‚ and persuasive communication. I found these facts while searching on the internet using many different search engines. I will share these facts that caught my attention with you and let you know where you can learn more about these areas of communication. Interpersonal communication is when we engage in communication with another person‚ to gain information about them. This
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