Explain why GDP is not a perfect measure of economic well being of a nation. By definition the GDP (Gross Domestic Product) is a measure of the income and expenditures of an economy. Also‚ it can be defined as the total market value of all final goods and services produced within a country in a given period of time. Base on GDP definition and base on many economist points of view regarding to the definition of well being. I understand that GDP is not a perfect measure of economic well being of a
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Module on Measures of Central Tendency Measures of Central Tendency There are many ways of describing of a given set of data. A good number of descriptive measures exist in statistics whose use depends largely on the nature of data and the intended purpose of the description. This measure is the measures of position or central tendency‚ it is use to see how a large set of raw materials can be summarized so that the meaningful essential can be extracted from it. The most commonly measures of central
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Advantages and disadvantages of Factory There are advantages and disadvantages of having a factory near or within the urbanize city. The important thing is you have to weigh the advantages and disadvantages of having such factory in the city or a place where there are lot of people live. Having a factory near the place is good for the people around because it generates job for the people. Aside from that they don ’t need to commute and spend a sum of money for the transportation. Indeed a lot
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Perception of Destination Branding Measures: A Case Study of Alexandria Destination Marketing Organizations suzan bakri hassan mohamed soliman abdel hamid Fayoum University‚ Egypt h o s n y a l b o h a i ry Authority Office‚ Alexandria‚ Egypt s u p p l i e r s a n d o r g a n i z e r s in the tourism sector seek to attract tourists by differentiating and marketing their products and services. While developing their marketing and sale methods they are now more and more using branding as one of their
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Methods to Measure Success of Training For the Popeye’s Corporation‚ they use the on-the-job training for their managers and employees when opening a new restaurant. This is imperative as you cannot learn to cook or serve or do paperwork by watching a video or listening to a lecture. To measure this type of on-the-job training you would follow up the training with evaluations‚ site visits by superior managers‚ and employee evaluations to ensure that the training they received is fully understood
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Performance Measures & Responsibilities Managerial accounting in simple terms relates to providing information in support of the internal management processes which aids managers to identify‚ accumulate‚ analyze‚ interpret and use collected information to help the company meet its organizational goals. “If it can be measured it can’t be managed” (M.Fowler 2010).In order to obtain the right information to make the right decisions we must set performance measures. Performance
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The Absolute Advantage concept is generally attributed to Adam Smith for his 1776 publication An Inquiry into the Nature and Causes of the Wealth of Nations in which he countered mercantilist ideas. Adam Smith argued that it was impossible for all nations to become rich at the same time by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their
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state of sanity at the time of the crime‚ to predict whether a subject has behavioral inclinations to commit the crime again (which is important for length and type of sentencing) and‚ if a criminal is convicted‚ to develop rehabilitation programs to measure the progress of rehabilitation in general. Forensic psychology also includes the behavior and emotional state of victims as well. One might‚ for example‚ need to establish psychologically whether a child has been sexually abused or not. Even jury
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into two main terms which are absolute and relative‚ with absolute being the most dominate in most rural areas of the world. This essay will outline the measures of alleviating poverty in rural areas‚ in which a rural area by definition is a small civil division in a country with a few inhabitants and sparsely populated. The alleviation measures include modernization of infrastructure‚ developing of micro-enterprises‚ improvements in land access‚ access to services such as education and health‚ eradication
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Table of Contents ABSTRACT 2 INTRODUCTION 4 I. BACKGROUND 6 1.Theory of comparative advantage 6 2.Vietnam latest Export and Import situation 7 II. PAST AND RELATED WORK 16 III.EXAMPLE OF VIETNAM 18 1.Comparative advantages of Vietnam in exporting rice 18 2.Comparative advantage of Vietnam in exporting coffee after the collapse of ICA. 23 3.Example of Vietnam‚ appliance of theory of comparative advantage in exporting textiles: 32 IV.VIETNAM GAINS OR LOST FROM TRADE 38 IV.FUTURE WORK 52
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