CONNECTION BETWEEN PHILOSOPHY AND ECONOMICS Philosophy is the study of the fundamental nature of knowledge‚ reality and existence‚ especially when considered as an academic discipline. But one can also say that it is not simply a theory about something‚ nor it is a belief or a wish. It is an activity of thought. Philosophy is a discipline concerned with questions of how one should live (ethics); what sorts of things exist in this world and what is their essential nature and what are the correct
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Question 1: What is the significance of the pollution from plastic bags? What is the scale of this pollution problem compared to other forms of pollution? Answer: Pollution from plastic bags or bottles has involvement from the accumulated products made of plastic which in turn adversely affect the environment which consists of wildlife‚ and humans. It can affect lands‚ waterways like oceans and rivers. The biggest prominent factor for usage of plastic bags is due to inexpensiveness and durability
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1. Below is a list of topics in usually studied in economics. Determine whether each topic deals under the area of microeconomics or macroeconomics. a. How Bangko Sentral ng Pilipinas influences the consumer spending in the Philippines. b. How a household decides what LPG brand to buy. c. How a firm decides whether to continue business or shutdown. d. How debt affects the income gap among Filipinos. e. How new parents decide whether to work or stay at home with their children. f. How the
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COMMERCE SHORT ANSWER QUESTION: CHAPTER#1 1. Using examples‚ distinguish between the primary and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer
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sensor should also be used. • Discuss the meaning of the words ‘radiate’ (to spread out from a source) and ‘radiation’ (the energy that is spread) to make sure the students have a full understanding. • Emphasise that there is empty space (a vacuum) between the Earth and the Sun and that infra-red radiation passes through this vacuum easily‚ otherwise we would receive no heat energy from the Sun. • Check that the students can understand or draw a ray diagram showing this information. • You can use
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Analyse the effects of changes in the exchange rate of the Australian dollar (against other currencies) on the Australian economy. Fluctuations in the exchange rate of the Australian dollar can have significant implications on the Australian economy. The exchange rate is the price of one currency in terms of another economy’s currency. Typically in the case of Australia‚ the Australian dollar is measured in terms of the US dollar. Changes in the exchange rate‚ whether the alteration is an appreciation
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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UNIVERSITY OF DELHI DELHI SCHOOL OF ECONOMICS DEPARTMENT OF ECONOMICS Minutes of Meeting Subject : Course : Date of Meeting: Venue : Convenor Attended by: 1. Basanti Kumari Nayak‚ Satyawati College 2. Supriti Mishra‚ Shyam Lal College 3. Chhavi Gautam‚ Kamla Nehru College 4. Lokendra Kumawat‚ Ramjas College 5. Rashmi Mittal‚ Dyal Singh College 6. Reetika Rana‚ Shivaji College 7. Punam Tyagi‚ Kalindi College 8. Aditi Aeron Bansal‚ Shaheed Bhagat Singh College 9. Vandana Sethi‚ Motilal Nehru College
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3.2 Internal growth strategies refer to the growth within the organization by using internal resources. It focuses on developing new products‚ increasing efficiency‚ hiring the right people and better marketing. Should Vodacom want to expand into Africa to sustain profitability it can use its can consider its internal growth Vodacom can now then focus on what it already had this includes the quality it gives to their customers this including its latest development of LTE which is fourth generation
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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