#au 20 National Digital Economy Strategy Leveraging the National Broadband Network to drive Australia’s Digital Productivity Images on pages 10‚ 19‚ 26‚ 49‚ 50 and 51 contributed by NBN Co Ltd. © Copyright 2011 DBCDE Unless otherwise noted in the ‘Materials Excluded and Rights Reserved’ list below‚ the text in the DBCDE National Digital Economy Strategy is licensed under a Creative Commons Attribution 3.0 Australia licence. More information on this CC BY 3.0 licence is set out at http://creativecommons
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A classical political economy is a term that explains how production‚ buying‚ and selling fit with each other and how those aspects of business work within society. It was first described in the 1700s by the English philosopher John Locke. It was further studied by Adam Smith‚ and‚ in later years‚ by Karl Marx. One of the most important aspects of a political economy is understanding the value of capital and how it translates into economic activity that follows the laws of the land. The way that
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INFORMATION SYSTEMS ROLE IN GREEN ECONOMY. Green Economy: We depend on the earth’s natural resources that have a limited capacity to regenerate and renew itself‚ forcing us to design an economic model which is good in conserving energy‚ natural resources‚ reducing emissions‚ reducing pollution and at the same time providing jobs to people. This kind of a design leads to the Green Economy which is a clean energy economy. It aims in providing: Renewable energy sources such as wind and solar energy
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Token economy programmes are a form of behaviour modification based on the principles of operant conditioning. They are used in prisons to encourage the reduction of anti-social behaviour and criminal behaviour; they involve awarding tokens to offenders if a desired behaviour is performed. The tokens may then be exchanged for various rewards. The aim is for the desired behaviour to be repeated. As a treatment it involves setting out a range of desirable behaviours and reinforcing the offender whenever
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Positive Feedbacks in the Economy A new economic theory elucidates mechanisms whereby small chance events early in the history of an industry or technology can tilt the competitive balance by W. Brian Arthur onventional economic theory is built on the assumption of diminishing renrrns. Economic actions engender a negative feedback that leads to a predictable equilibrium for prices and market shares. Such feedback tends to stabilize the economy because any major changes will
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From Wikipedia‚ the free encyclopedia Gross domestic product in 2011 US dollars per capita‚ adjusted for inflation and purchasing power parity (log scale) from 1860 to 2011‚ with population (disk area) for the US (yellow)‚ UK (orange)‚ Japan (red)‚ China (red)‚ and India (blue).[1] Globalization (or globalisation—see spelling differences) is the process of international integration arising from the interchange of world views‚ products‚ ideas‚ and other aspects of culture.[2][3] Put in simple
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The service sector‚ also called the tertiary sector‚ is one of the three parts of the economy in the Three-sector hypothesis. This hypothesis breaks the economy into three main areas so it can be better understood. The other two are the primary sector‚ which covers areas such as farming‚ mining and fishing; and the secondary sector which covers manufacturing and making things. The service sector provides a service‚ not an actual product that could be held in your hand. Activities in the service
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command‚ and market economies. Some say‚ "Well‚ it would be much better if we switched from Market to Command." All in all‚ there are many advantages and disadvantages to this. A command economy limits the personal freedom and individuality of a person‚ and the central government answers all the economic questions offered. Laissez-faire is predominant in a market economy‚ which has little government interference. Although we would like to think that we live in a laissez-faire based economy‚ this is not
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importantly it destroys human life and families and on a larger scale can destroy nations. War does not build. It is not constructive. War is destructive. The Russian people had enough war. They were weary of an unpopular war just decades earlier‚ and the result of the people’s resolve led to an absolution of the Tsarist government. With profound changes to their government and their way of life‚ and a relatively stable economy‚ the Soviet people were beginning to believe in their government
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THE INDIAN ECONOMY Structure 1 7.0 Objectives 17.1 Introduction 17.2 Features of the Indian Economy 17.3 Growth and Development 1 7.4 Mixed Economy 1 7.5 Demographic Transition 1 7.6 Sectoral Composition of GDP 1 7.7 Employment Structure 1 7.8 Inter-Governmental Fiscal Relations 17.9 Let Us Sum Up 17.10 Key Words 1 7.1 1 Answers to Check Your Progress Exercises - - 17.0 OBJECTIVES After going through this unit‚ you will be able to: identify the important features of the Indian economy; distinguish
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