I have chosen the Comparative Advantage Theory for my key term to discuss. I chose this term because it has a great importance on world trade clearly help shape the pattern of world trade‚ and also to get a better understanding of the concept. Comparative Advantage is the benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost. According to Satterlee (2009)‚ opportunity cost is the value of what had to be given up‚ or forgone‚ to consume or achieve the object
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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consumption will be Rs.180.89 crore in 2009‚ more than double from Rs.73.22 crore two years ago. „« Number of vehicles off the road : Since the Metro began operations in December 2002‚ there has been a progressive reduction in daily vehicle demand due to the people shifting to Metro for commuting. In 2009‚ the Metro will take the daily share of 57‚953 vehicles for all other modes of travel such as cars‚ buses‚ two-wheelers‚ auto-rickshaws‚ etc. „« Vehicle cost saving : The annual vehicle (capital
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Advantages of DemocracyDemocracy can provide for changes in government without violence. In a democracy‚ power can be transferred from one party to another by means of elections. The jurisdiction of the citizens of a nation determines its ruling authority. Moreover‚ any government is bound by an election term after which it has to compete against other parties to regain authority. This system prevents monopoly of the ruling authority. The ruling party has to make sure it works for its people for
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simultaneously. The advantages of Internet Following are the advantages provided by the Internet: 1) Information The biggest benefit offered by the Internet is information. It functions as a valuable resource of information. You can find any type of information on any subject with the help of the search engines like Yahoo and Google. 2) Communication The primary goal of the Internet is communication. It has done extremely well in this field‚ however the development process is still going on to
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The Advantages of Drones By: Jacob Griffin INTRODUCTION: Since the beginning of time‚ man has had a great desire to fly. In 1903‚ the Wright Brothers were the first men to achieve sustained‚ powered flight. Long after man first flew and with the invention of advanced electronics‚ people decided they wanted to fly small planes for themselves as a hobby. For years‚ people have enjoyed flying radio controlled aircraft. An advance in technology correlates to an advance in electronics‚ which results
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Vertical Advantages Vertical organizations provide clear lines of authority and a tight span of control‚ which can lead to high operating efficiency. In general‚ the organization is comprised of relatively small departments‚ allowing managers to closely monitor and control the activities of their subordinates. Each layer of the organization reports to the one directly above it‚ all the way up the chain to top management‚ and each layer has its own clearly defined functions and responsibilities. Employees
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Advantages of globalization Globalization‚ growth to a global or worldwide scale‚ has a lot of advantages to the world. First‚ it makes a peace relation. Most of the countries have relations with each other in order to boost their economy. For example‚ they leave behind any bitter in the past if there is any. Nations now try to raise capital and strengthen their stand in international trade‚ rather than hosting a war. Thus‚ globalization has induced international peace and security in a big way
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The Advantages of Computer Technology in Second Language Accession Inspired by the rapid development of technology from the 1980s‚ computer has now become an influential component of second language learning pedagogy. Educators recognize that utilizing computer technology and its attached language learning programs can be convenient to create both independent and collaborative learning environments and provide students with language experiences as they move through the various stages of second language
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