Russian and U.S. managers and students. In a pay allocation role play‚ managers in both countries place primary emphasis on individual performance (equity) and secondary emphasis on coworker relations and equality. In addition‚ Russian managerial subjects utilized need in their pay allocations. In a series of experiments‚ both Russian and U.S. students preferred the equity rule‚ although there were no productivity effects across different allocation rules. Procedural justice effects were also observed
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Eco essay: Outline the nature of the economic problem. Examine the ways a mixed market economy addresses the issues of the allocation of recourses and the distribution of goods and services. Every individual and economy in the world faces the economic problem. The economic problem is there are finite recourses and infinite wants. The mixed market economy like every other economy attempts to solve this problem. Unlike every type of market economy the mixed market economy uses strategic government
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1 INTRODUCTION Continuous rapid economic growth has raised Malaysia from an agricultural and commodity-based low-income economy to a successful middle-income economy. As a mixed economy‚ Malaysia has elements of a free market economy nevertheless with intervention government. Malaysia’s economic activity consist of a mixture of sectors whereas mixed of capitalism and socialism The strong economic performance has helped improve the quality of life for Malaysians and supported advances in education
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Explain why perfect competition might be expected to result in an allocation of resources which is both productively and allocatively efficient. (20 Marks) Perfect competition can be used as a yardstick to compare with other market structures because it displays high levels of economic efficiency. Allocative efficiency occurs when there is an optimal distribution of goods and services. This involves taking into account consumer’s preferences. In both the short run and the long run in perfect
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Food Mountains)‚ however did not resolve one of the main concerns‚ as most of the funds still goes to rich landowners and agricultural sector population tends to decrease. In this essay‚ I would like to discuss the main issues related to finance allocation and what policies could be prepared before the end of the current Financial Perspective in 2013. The future of the direct payments has to benefit weak ones‚ but also encourage big farmers to stay in this business as well as encourage environmentally-friendly
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name given to the scam in India where the CAG has reported allocation of coal blocks in the country to business companies without recommendation of the appropriate agencies by the congress led UPA government for mining coal as energy resource for investments & profits. Dr. Manmohan Singh is the Prime Minister since May 2004 and was personally in-charge of the Coal Ministry from November 2006 to May 2009. The average allotment of coal blocks was 3-4 per year until a few years back. But this number
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SCAMS IN INDIA Named scandals in India | Scandal | Year reported | Scope INR crore | Location | Key players | Summary | 2012 Indian coal mining controversy | 2012 | 185591.34 | nation | Comptroller and Auditor General of India‚ the coal ministry‚ many electricity boards and private companies | coal blocks allotted‚ not auctioned‚ leading to estimated losses as per the Comptroller and Auditor General of India[1][2][3] | Karnataka Wakf Board Land Scam | 2012 | 200000 | Karnataka | | [4][5]
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recent coal scandal that happened in the country due to poor allocation of coal blocks. This scam is also called the “Mother of all scams’. CAG report shows that private companies had gain around Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding‚ which amounted to the loss to national exchequer.194 coal blocks were not auctioned between 2004 and 2011 which causes these huge losses. The losses occurred in a way that the coal mined from
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How did the development of canals and railways influence the Industrial revolution? The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances. There were three main types of transportation that increased during the Industrial Revolution: waterways‚ roads‚ and railroads. In the early years people used to travel and transport goods by ship‚ horses‚ oxen and even humans were used to carry merchandises. “The first wheels on
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tonne to about US$ 550 - 600 per tonne. The prices of steel melting scrap rose from a low of US$ 93 - 94 per tonne to US$ 275 - 285 per tonne. The increased production of steel has in turn led to rise in prices of raw materials like scrap‚ coking coal and metallurgical coke. The wholesale price index (WPI) for iron and steel‚ has increased by 35 percent to 202.1 in 2003-04‚ and further to 237.8 in the current year up to December 31‚ 2004. STEPS TAKEN TO BOOST STEEL INDUSTRY In budget 2004-05
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