Disadvantages of Monopoly: • Higher prices and lower output Monopolies often mean that prices will be higher and output lower than is the case for an industry where competition prevails. Firms in one industry are producing under conditions of perfect competition‚ while the other firm is operating under conditions of monopoly. The costs of production are the same for each industry. • Excess profits High profits made by the monopolist are not necessarily an indication of efficient methods
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CHANGES IN SOCIETY‚ CULTURE AND TECHNOLOGY AND THE CONSEQUENT IMPACT ON HUMAN CAPITAL 2. The changes in society specifically are transformations in society‚ culture and technology. Social changes include any alteration in the society in terms of cause and effect of intra social relations‚ or the institutions of family and marriage and other such cultural aspects. Change is absolutely inevitable and it is largely unplanned. The four major factors encompassing the social changes are:- (a) Change is
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Thailand Earth Observation System (THEOS) Development Program Puwadon Kongseri‚ et al. Satellite Development Division Thailand Earth Observation System Development Program Geo-Informatics and Space Technology Development Agency (Public Organization) (GISTDA) puwadon@gistda.or.th Abstract Thailand Earth Observation System (THEOS) Development Program was begun in July 2004. The program is developed by Geo-Informatics and Space Technology Development Agency (Public Organization) (GISTDA) under
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The Advantages and Disadvantages of Communicative Language Teaching The Advantages and Disadvantages of Communicative Language Teaching By HAH Introduction The focus of this essay is to highlight the advantages and disadvantages of Communicative Language Teaching (CLT). In doing so‚ it is important to first clarify the meaning of CLT and it’s place in the ongoing history of language teaching methodology. CLT is generally accepted as the most recognized‚ contemporary approach to language
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Human development is a very complex process – from conception to death. There has been a long debate on whether human development is determined by nature or nurture. If their growths were all guided by nature only‚ they would all be born with a mind of “blank slate”. This means that they do not have any inborn ability to do anything when they are born. On the other hand‚ if their growth was determined by nurture only‚ it would mean that they were fully equipped with all the skills they need in
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adult court. Juries tend to be more sympathetic to a minor. Thus making it a little easier to convince or plea for lesser charges. In most places the jails are crowded and the courts are more likely to give the juvenile a lighter sentence. Disadvantages of Adult Criminal Court In adult courts juveniles can be eligible for more severe punishments such as life sentences without parole or even the death penalty. The juvenile will be placed in adult jails with adults while awaiting sentencing‚ rather
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changed how human growth has occurred in many different ways. Geography being not only the shaping of the land but also including the climate and weather patterns affects human development in a lot more ways than most people know. Geography still affects us today when we decide to move or even the beliefs and culture we have and live in. People inhabiting the world have been affected by geography in the sense that humans have followed food sources and resources to discover new lands. Human migration
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Most of these standards go way back to 1960s such as the permissible exposure limits (PELs). Another disadvantage is inspections that are largely viewed as counterproductive. Some of the citations employers are given do not even qualify as violations but are minimal conditions. OSHA authorized trainers to provide instructions to workers pertaining to OSHA
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Information and Communication Technology: Development Opportunities and the role of Youth SESAN‚ O. O. Department of Electronic and Electrical Engineering‚ Obafemi Awolowo University‚ Ile-Ife‚ Nigeria. Published in This Day Newspaper; Vol. 7‚ No 2265‚ Page 25. Thursday‚ July 5‚ 2001. 1. INFORMATION AND COMMUNICATION TECHNOLOGY Information and Communication Technology (ICT) is the convergence of microelectronics‚ computing and telecommunications. It has become a global phenomenon of
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In the late 1950’s Erik Erikson developed a theory that there are eight stages to human development throughout the lifespan. Extensive research was performed by Erikson and his colleagues on hundreds of college men and women. Uniquely‚ the last three stages of biological‚ emotional‚ and cognitive development during early‚ middle‚ and late adulthood impact our quality of life. According to Santrock (2016)‚ in Erikson’s sixth stage during early adulthood at the age of twenty-thirty years old we experience
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