Economic Systems The way a country’s resources are owned and the way that country takes decisions as to what to produce‚ how much to produce and how to distribute what has been produced determine the type of economic system that particular country practises. 1. MARKET ECONOMY (also called FREE ENTERPRISE ECONOMIES or CAPITALIST ECONOMY) 2. CENTRALLY – PLANNED or CONTROLLED ECONOMY 3. MIXED ECONOMY 1. MARKET ECONOMY in comparison to 2. PLANNED ECONOMY e.g. USA‚ Japan Private firms
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It is better to be late than never I saw a photo when I was packing my thinngs‚which was me and my grandfather playing together.We look blessed and happy in it.However‚he was already passed away few years ago and I missed him so much. Few years ago‚in one humid afternnoon‚I was walking home from school as usual.The weather is too hot so I decided to have a drink at the stall nearby to quench my thirst.When I was drinking‚ I saw a grandfather playing with his grandchild happily at the playground
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How Hybrid Cars Work A hybrid car is a passenger vehicle that is driven by a hybrid engine‚ which is any engine that combines two or more sources of power‚ generally gasoline and electricity. There are two types of gasoline-electric hybrid cars; the parallel hybrid‚ and the series hybrid. Both use gasoline-electric hybrid technology‚ but in radically different ways. In a parallel hybrid car‚ a gasoline engine and an electric motor work together to move the car forward‚ while in a series hybrid
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While both sports may be injury prone‚ skiing is less likely than snowboarding to cause significant injury. Wrist‚ shoulder‚ and ankle injuries are more common among snowboarders‚ while knee ligament injuries are more common among skiers. Snowboarders also have a higher rate of injury‚ with an estimated one injury every 345 days‚ while skiers have an estimated one injury every 400 days. The skiing injuries might sometimes be slightly more severe‚ but they are less likely to happen. Some believe snowboarding
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Snowboarding is one of the greatest contributions to mankind. It?s one of the fastest growing sports among the sporting industry in the United States. It attracts men‚ women‚ and children of all ages‚ professions‚ ethnicities‚ and skill levels. Snowboarding is not simply fun‚ exciting‚ but it?s also easy and is a good source of exercise. Every year more and more people are trading in their two planks for a nasty snowboard setup. Snowboarding has not only had positive aspects for itself‚ it has made
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Making dinner and talking to someone at the same time comes with options. When the person cannot be talked to in person‚ communication with a cell phone is required. Calling a person to talk to them on the phone may seem like a time saver because it simultaneously occurs while dinner is being made. However‚ texting and calling require different types of attention to be given. Calling requires attention to be divided if anything besides the phone call is trying to be accomplished. This could result
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A (ETP 410S) Discuss the impact that technological development in general had on the apprenticeship system from its original form till today. In your deliberations also refer to the apprenticeship system in Namibia. Also explain the advantages and disadvantages of the Apprenticeship system. In the introduction define the term “apprenticeship system”. In your argumentation answer the question above and also deliberate the question whether the replacement of the apprenticeship system with a trainee
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Economic System "Resources are scarce but demands are unlimited." (Anderton‚ 2000: 273) Therefore‚ resources have to be allocated in terms of what to produce‚ how to produce‚ and for whom to produce. (Case & Fair‚ 2004) Economic system is a way of answering the three basic economics problem. "An economic system is a collection of laws‚ institutions and‚ activities‚ that provide a framework for economic decision-making." (http://ecedweb.unomaha.edu/lessons/lesson2.htm) Each part of it interacts
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ABSTRACTS The purpose of this paper was to investigate and analyze how well the current reward system of Ambank helps generate employee work motivation. More specifically it aimed to find out which aspects of the reward system functions well‚ and which aspects could be further developed and improved in order to increase employee satisfaction. Emphasis is put on Maslow ’s hierarchy of needs‚ the goal setting theory and the total reward system. The data was gathered with the help of a questionnaire and from
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