price of goods and services changes over a period of time. Real GDP per capita means calculating the average income per person in a year. Cost of Living simply means the amount of money we use to live by everyday like‚ the money we paid for food‚ taxes‚ see doctor‚ and petrol for cars. While Standard of Living means the quality and how people are able to afford of housing‚ luxurious or non-luxurious living. Different levels of wealth and comfort ability. The advantages of having a large population
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What are the Advantages of Nuclear Energy? * Nuclear reactions release a million times more energy‚ as compared to hydro or wind energy. Hence‚ a large amount of electricity can be generated. Presently‚ 12-18% of the world’s electricity is generated through nuclear energy. * The biggest advantage of nuclear energy is that there is no release of greenhouse gases (carbon dioxide‚ methane‚ ozone‚ chlorofluorocarbon) during nuclear reaction. The greenhouse gases are a major threat in the
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Advantages and Disadvantages of Fiber Optics An optical fiber is a thin and flexible fiber that carries the light between the two ends of the fiber. Optical fibers are widely used in Fiber Optic Communications‚ which is the transmission over longer distances at higher bandwidths than other communications. A fiber optic communication system consists of three components: an optical transmitter‚ a fiber optic cable‚ and an optical receiver. The optical transmitter converts electrical signal to
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In my point of view‚ the first and foremost benefit fast food brings to customers is time and speed saving. Modern society with piles of work pushes people to be busy at any time‚ especially businessmen and officials. Even students are also up to ears with exercises and examination. Fast food‚ therefore‚ becomes a popular choice of many people. By coming to restaurants‚ which sell fastfood‚ the customers are quickly served; they can save a lot of time to do other things instead of cooking at
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Advantages and disadvantages of Cell Phones It is for a fact that having a mobile phone now a days is a sort of a necessity and it is an inevitable truth that mobile industry is taking everyone by a storm. From the very basic thing of making a call to texting‚ and now internet access for just a touch of your finger tips. There are millions of mobile phone users. The mobile phone usage is beneficial and at the same time the usage can also be useless and have certain disadvantages. Advantages
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What are the advantages and disadvantages of FedEx and UPS? This essay critically analyses two giant competitors in the package delivery industry: Federal Express Corporation (FedEx) and United Parcel Service‚ Inc. (UPS). Both corporations have achieved a great success on a global scale. FedEx Express currently serves hundreds of cities and markets with its intercontinental and international express services [1]. It founded in 1973 and has developed to serve and reach every corner of the world.
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The ASEAN Summit is an annual meeting held by the member of the Association of Southeast Asian Nations in relation to economic‚ and cultural development of Southeast Asian countries.[2]The league of ASEAN is currently connected with other countries who aimed to participate on the missions and visions of the league. Apparently‚ the league is conducting an annual meetings with other countries in an organisation collectively known as the ASEAN dialogue partners. ASEAN +3 adds China‚ Japan and South
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Accounting for partnerships Accounting for partnerships – Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation‚ operation‚ and liquidation. What are the tax consequences of partnerships. The legal definition of a partnership is pretty simple. It is an association of two or more persons who have not incorporated; and carry on a business for profit as co-owners
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Working for yourself is the American dream. Most employees have dreamed of being their own boss‚ and it has many benefits‚ but there are a few disadvantages to it as well. Advantages of working for yourself are that you are responsible to yourself. Your destiny is in your own hands‚ as well as your financial future. You determine how much work you do‚ when you go to work‚ when you quit for the day‚ when you take a vacation‚ how long the lunch break will be‚ and if you really want to put up with
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and non-tariff barriers) are reduced or eliminated among the participating states. Advantages of Trading Blocs The main advantages for members of trading blocs are as follows: 1) Free trade within the bloc: Knowing that they have free access to each other’s markets‚ members are encouraged to specialize. This means that at the regional level there is a wider application of the principle of comparative advantage. 2) Market access and trade creation: Easier access to each other’s markets
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