One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
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technological‚ economic and ecological levels. Globalization is a process of interaction and integration among the people‚ companies‚ and governments of different nations‚ a process driven by international trade and investment and aided by information technology. This process has effects on the environment‚ on culture‚ on political systems‚ on economic development and prosperity‚ and on human physical well-being in societies around the world. Globalization is deeply controversial‚ however. Proponents
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Discuss the advantages and disadvantages of budgeting as a system of organisational control. A budget is a short-term financial plan of income and expenses expected over a certain period of time (usually one year) used to achieve a businesses objective. Budgeting can be useful for exercising control over a business because of its nature as a representation of a plan. Control is generally viewed as making events conform to a plan. As a budget is represented as a plan‚ allowing events to conform
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Information technology (IT) is the application of computers and telecommunications equipment to store‚ retrieve‚ transmit and manipulate data‚[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks‚ but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology‚ including computer hardware‚ software‚ electronics‚ semiconductors
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When my brother and I got our first computer‚ we couldn’t even begin to comprehend the amounts of informations we could access. So we just began using it for benign things‚ like video games and music. It was already at that point when we realized that this is something revolutionary‚ something that will not go away in a couple of years. Just ten years ago‚ I couldn’t imagine anything more advanced than what I had in my room. The first ever computer was the famous ENIAC; it weighed about thirty tons
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countries in the world so that it can explore other cultures of different ethnicity. Also‚ Internet is a medium of information. Today‚ a lot of people need the information from the internet. Because every second on the internet‚ updates the information required by humans. For instance‚ Google and Yahoo are search engine information on the internet that provide all kinds of topics the information we need. Furthermore‚ Internet is a medium of entertainment. Internet becomes successful because it provides
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Seat No.: ________ Enrolment No.______________ GUJARAT TECHNOLOGICAL UNIVERSITY B. E. - SEMESTER – VII • EXAMINATION – WINTER 2012 Subject code: 170704 Subject Name: Advanced Computing Technology Time: 10.30 am - 01.00 pm Date: 27/12/2012 Total Marks: 70 Instructions: 1. Attempt any five questions. 2. Make suitable assumptions wherever necessary. 3. Figures to the right indicate full marks. Q.1 (a) Explain various parallel computer architectures in detail. (b) Explain
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Without light or fan we can’t manage a single minute. Similarly‚ every move of ours made easy with the help of science. As far as die advantage of science‚ one can go 011 write a long list. It need not he elaborated. Any kiddies in the school can quote at least ten numbers of the plus points of it. But‚ like a coin that has two sides‚ science has its own disadvantages too‚ especially‚ when it comes to Nuclear weapons that can kill thousands in no time. An article appeared in ‘The Times of India’
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The costs of international travel are decreasing and tourism is growing. What are the advantages and disadvantages of increasing tourism activity in different countries? Nowadays more and more people are becoming aware of the decrease in the expenses of travelling and hence tourism is booming. Although many may see this as a positive phenomenon‚ it is not a trend without drawbacks. Both the pros and cons of the rapidly growing tourism activity will be discussed in this essay. It is
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Information Technology Acts The following paper will explain why important laws are passed due to the advancements in information technology which could result in ethical problems to arise requiring the formation of these laws. The first act is the Do Not Call Implementation Act‚ 2003 and the second act is the Children’s Internet Protection Act‚ 2000. These acts are important because new technologies can lead to unethical business practices‚ and child exploitation. The Do Not Call Implementation
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