ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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Mixed Methods Research (MMR) combines qualitative and quantitative approaches to investigate complex health problems and multidimensional treatment modalities such as DMT. The aim of this presentation is to provide an introduction to the basic concepts of MMR and help participants understand why DMT researchers and therapists should consider using MMR to examine creative processes‚ individual experiences‚ and the overall efficacy of DMT. This will include presentation of practical concerns and challenges
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What characteristics should a candidate possess to become president? Abstract The vital characteristics required of a presidential candidate include the ability to deal with honesty and act with integrity in all issues of governance‚ embrace the aspect of citizenship‚ abide by the constitution‚ exercise empathy when representing the people‚ and be reliable at all times. Other important characteristics are being knowledgeable of the political‚ social‚ and economic situation of
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INDIAN ECONOMY 01. Indian economy is world’s 9th largest economy on exchange rate basis and 4th largest economy on PPP basis in 2010 02. PPP is called as the purchasing power party 03. Purchasing power party is a theory and according to the theory – the exchange rates between currencies are balanced when their purchasing power is the same in each of the two countries 04. The main characteristics of Indian economy are – agrarian economy‚ mixed economy and developing economy 05. Agrarian economy
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LEVEL 1:1 (VISITING) PRESENTATION QUESTION: Types of economies Societies have developed different broad economic approaches to manage their resources. Economists generally recognize four basic types of economic systems—traditional‚ command‚ market‚ and mixed. “Economics is the study of the use of scarce resources to satisfy unlimited human wants” (Lipsey‚ Courant‚ Purvis and Seiner 1993:5) In the traditional System the economy is based on tradition‚ customs and habits where the young men
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Characteristics of an entrepreneur Entrepreneurs have many of the same character traits as leaders‚[10] similar to the early great man theories of leadership; however trait-based theories of entrepreneurship are increasingly being called into question. Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking. Such person-centric models of entrepreneurship have shown to be of questionable validity‚ not least as many real-life
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policy and procedure in the nursing care field as a social worker. My supervisor has pointed out my interpersonal skills and cautioned me to sharpen my ethical and interpersonal skills. My supervisor teaches the ten core competence as a vital characteristic to process as a social worker. My supervisor promotes a well structured training and this work study experience‚ will shape me into a professional practitioner in the field of social work. Upon completion of my field instruction‚ I hope to
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WOMEN IN POLITICS: Voter‚ Party and Candidate Characteristics Influence on Women’s Outcomes in Congress Mikayla N. Titus Women’s involvement in politics is something we see common in today’s world‚ but it never used to be like this. In 1917‚ capitol hill saw a major change with the induction of the first female Representative‚ Jeannette Rankin of Montana. Ever since‚ women have been more actively involved in our political system. Currently there are 104 women that hold seats in Congress which make
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The caste system of India is one of the main dimensions where people in India socially differentiated through religion‚ class‚ tribe‚ region‚ gender and language. The Indian caste system is considered a closed system of stratification‚ which means that a person’s social status is obligated to which caste they were born into. Caste is a social status determined by a system in society based on one’s position in that position could be low and high depending on the importance attached with that position
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