A market economy is an economic system where the factors of production‚ are privately owned‚ consumers and producers are motivated by self interest‚ the level of competition in the markets is very high and resources are allocated through the price mechanism. The definition is supported by Lipsey (1992) who also state that decisions about resources allocation are made without any central direction but instead as a result of innumerable independent decision taken by individual producers & consumers
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Question 1 "Having been found guilty‚ in April 2000‚ of abusing its monopoly‚ Microsoft‚ the software giant was ordered to be broken in two." - Economist 7 Nov 2002 a) Why do monopolies exist? [ 10 ] b) What are the relative merits or demerits of breaking up a monopoly like Microsoft? [ 15 ] Suggested essay outline: Part (a) INTRODUCTION 1. (i) Define monopoly Spectrum of Market Structures: Definition: Most extreme form of imperfect market with little or no competition
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Chapter 1 Introduction 1.1 Research Background Word-of mouth communication (WOM) is the process which allows consumers to share information and opinions that direct buyers towards and away from specific products‚ brands‚ and services. Marketing research on WOM dates to the 1960’s and over time WOM definitions have evolved In the early years‚ WOM was defined as face-to-face communication about products or companies between those people who were not commercial entities ( Litwin 2009) 1.11
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G1 Rules On a roadway where traffic is moving in both directions‚ in what lane must a driver be before making a left turn? Lane to the right of the center line of the roadway How many meters in both directions must the driver be able to see in order to make a U-turn? 150 m Approaching a yield sign: Slow down‚ stop if necessary‚ proceed when the way is clear High Occupancy Vehicle (HOV) reserved for at least two people/occupants Police can immediately suspend driver’s license up to three days
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direct and/or indirect investment. By investigating the different investment possibilities they want to understand the merits and demerits‚ including risk and return of the possible investments. Bearing these outcomes in mind‚ they can form a new strategy for the company. We will discuss 4 different subjects as stated in the assignment: * The merits and demerits of direct real estate investing are highlighted; * The potential benefits for LL of allocating its assets to indirect real estate;
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Title: Study of software process models and methodologies. 1.Waterfall Model * The waterfall model is also called the classic life cycle * The waterfall model is used when the requirements are well understood and unlikely to change during the system development. * This process begins with customer specification of requirements and progress through different activities like planning‚ modeling‚ construction and deployment and ends in complete software product. * In waterfall model
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4918-339-7 Lelani van Blerk BPT1501 Semester 1 Assignment 04 Unique Number: 280638 4918-339-7 Lelani van Blerk BPT1501 Semester 1 Assignment 04 Closing Date: 14 March 2014 Unique Number: 280638 P. O. Box 236 St. Lucia Estuary 3936 -1- 4918-339-7 Lelani van Blerk BPT1501 Semester 1 Assignment 04 Unique Number: 280638 Index 1. Collage (Class Activities at Mtubatuba Primary School) ..... 3 2. Collage Explanation (Story) ................................................... 4 3. Observation
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COVER 3 I. INTRODUCTION 5 II. PROCESS BEHIND WIRELESS TECHNOLOGY? 5 2.1 RESONANCE MAGNETIC FIELD 5 2.2 MICROWAVE POWER TRANSMISSION (MPT) 5 III. EXPERIMENT 6 IV. HOW SAFE IS WIRELESS ELECTRICITY? 6 V. MERITS‚ DEMERITS AND ECONOMIC IMPACT 6 5.1 MERITS 6 5.2 DEMERITS 6 5.3 ECONOMIC IMPACT 6 VI. BIOLOGICAL BREAKTHROUGH 7 VII. CONCLUSION 7 VIII. REFERENCES 7 PICTURE COVER Fig 2.1 A copper coil Fig 2.1 A copper coil
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Celebrated Mistakes You Should Never Tell a Lie And Always Tell the Truth Ernestine M. Stevens Springfield College Lying is so easy to do for most people. We do this at an early age and do not even realize the trouble that we can get in. It seems so cute at first. Once you get grown and the legal complications start it is ugly. You can lose your freedom‚ family‚ job‚ and friends. In the worst way you could possibly lose your life. A lie can seem so small from the beginning
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Debentures; enumerate the types of debentures; explain the merits and demerits of debentures as a source of long term finance; compare the relative advantages of issuing equity shares and debentures; explain the benefits and limitations of retained earnings; explain the merits and demerits of Public Deposits; outline the rules and regulations about inviting and accepting public deposits by companies; discuss the merits and demerits of long term borrowing from commercial banks. 19.3 Long Term Finance
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