Macroeconomic Definitions Absolute advantage | Absolute advantage occurs when a country or region can create more of a product with the same factor inputs | Accelerator effect | Planned capital investment by private sector businesses is linked to the growth of demand for goods and services. When consumer or export demand is rising strongly‚ businesses may increase investment to expand their production capacity and meet the extra demand. This process is known as the accelerator effect. But the
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Blue Ocean Strategy Blue Ocean Strategy is a business strategy book that promotes a systematic approach "for making the competition irrelevant." The authors‚ W.Chan Kim and Renee Mauborgne‚ are professors of Strategy and Management at INSEAD ( is an international graduate business school and research institution with campuses in France and in Singapore). A core idea is to create a leap in value for both the company and its buyers by breaking the differentiation/low cost trade-off and to align product
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According to the Mosby’s Medical‚ Nursing‚ & Allied Health Dictionary health is defined as a condition of physical‚ mental‚ and social well being and the absence of disease or other abnormal conditions. It is not a static condition; constant change and adaptation to stress result in homeostasis. Rene Dubos has been quoted in nursing education as saying “The states of health or disease are the expressions of the success or failure experienced by the organism in its efforts to respond adaptively to
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The meaning of vanity is as follows: excessive pride in one’s appearance‚ qualities‚ abilities‚ achievements‚ etc.. I learned the true meaning of vanity when I was a junior in high school. A mere week after my 17th birthday I shaved my head to a short buzz cut. I experienced all sorts of rude looks and remarks from people I had never even met. The hardest part of learning vanity at such an awkward stage was the rude remarks from people who I thought were my friends. But the true meaning of vanity
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DNA: DNA is a double-stranded nucleic acid that contains the genetic information for cell growth‚ division‚ and function. DNA‚ or deoxyribonucleic acid‚ is the hereditary material in humans and almost all other organisms. Most DNA is located in the cell nucleus but a small amount of DNA can also be found in the mitochondria .The information in DNA is stored as a code made up of four nitrogen bases which are adenine (A)‚ guanine (G)‚ cytosine (C)‚ and thymine (T). these nitrogen bases are bind with
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When is a life considered a life? According to dictionary.com‚ abortion is defined as “the removal of an embryo or fetus from the uterus in order to end a pregnancy.” People often debate whether or not abortion is morally right. They often dispute if aborting an embryo or fetus is considered taking a life. Abortion is legally allowed during any time of a pregnancy‚ but is at least risky during the first trimester (3 months) of pregnancy. So‚ when is a life considered a life; is it when that baby
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Technology is the technical means people use to improve their surroundings environment. It is also a knowledge of using tools and machines to do tasks efficiently. The role and impact of technology in $$$$ our personal and working lives is ever growing. Understanding how people shape technology and how technology shapes people’s interactions with each other and the natural world is important not only for those who research‚ develop and implement new technologies but also for all those people and
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What is justice? Is it what it is fair? Or is it what is merely appropriate in a specific situation? This is a question that has been pondered for millennia; certainly what is clear is that justice is needed to keep the society stable and safe. Justice is like the equilibrium stage of a chemical equation. A little deviation can cause a dramatic reaction for better or worse. Justice is associated with many words‚ but the essence is always what is fair. Justice‚ according to the Merriam-Webster dictionary
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Each individual develops feelings throughout their lifetime‚ whether it’s love for your family‚ or your soul mate. Sometimes feelings take time to develop. Family is always going to be family; Blood is thicker than water‚ no matter what happens they will always be there for you. Over the years‚ we learn to love our parents for a great number of reasons; they provide us with support in whatever we choose to do. They also provide your necessities to live‚ they teach you the basics of life while teaching
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TRANSISTOR The name is transistor derived from ‘transfer resistors’ indicating a solid state Semiconductor device. In addition to conductor and insulators‚ there is a third class of material that exhibits proportion of both. Under some conditions‚ it acts as an insulator‚ and under other conditions it’s a conductor. This phenomenon is called Semi-conducting and allows a variable control over electron flow. So‚ the transistor is semi conductor device used in electronics for amplitude. Transistor
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