1. Why is the assumption of land as a homogenous factor of production no longer considered tenable? In classical economics‚ land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a natural good‚ land was considered the source of wealth thus agriculture was the only sector that could increase it. Thus
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Factors affecting the rate of catalase activity The extent at which environmental factors affect the rate of catalase activity was discovered in this lab. The assay system‚ in which a filter paper disc was dipped into the enzyme and submerged using a stirring rod in a test tube filled with 20mL of hydrogen peroxide‚ was used to test several enzyme factors. As the saturation of hydrogen peroxide increased the rate of reaction increased as well. When the enzyme concentration increased the rate
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Factors affecting Group Development Leadership Style and Skills - This is the ability to persuade the group member to change and reflect the leadership style. Authoritarian leaders predominate compliant and dependent members Democrat leaders Persuade more active involvement Environment Physical factors ( space‚ temperature‚ seating arrangement) Space/room (location and set up‚ e.g. Lighting & ventilation‚ seating arrangement) Emotional factors (emotional climate‚ verbal and non-verbal
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Coffee Economics: The Role of Coffee in Economic Development Contents INTRODUCTION Purpose of Report Scope of report Definitions Background International Coffee Trade Price Stabilization in the Coffee Economy The International Coffee Organization International Coffee Agreements Labor & Technology in Coffee Production Summary & Conclusions References Figures & Tables Figure 1. Map of production r:
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INMALL-N/301/3/2004 FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES Introduction to the Economic and Management environment Module 1 (INM101-3) and Module 2 (INM102-4) ? ? ? ? ( INMALL-N: TUTORIAL LETTER 301/2004 GENERAL INFORMATION 2 TABLE OF CONTENTS INMALL-N/301 PAGE 1. Student number 3 2. Tutorial material 3 3. Inventory letter 4 4. Tutorial letters 4 5. Queries and problems - what do I do? 4 6. Examination: 5 6.1 Examination
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Does Economic Development always lead to Improvements in Livind Standards? Economic growth and economic development are often thought to be synonymous but although the two are closely linked‚ there are crucial differences in their meanings. Economic growth is defined as ’a rise in the total output (goods or services) produced by a country’. It is measured by the percent rate of increase in the gross domestic product (GDP). Economic development as defined by Todaro is "not purely an economic phenomenon
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Market Size and growth rate: Market size of the industry is 40 billon and the industry has been growing at the rate 20% during the period 2000-08. The industry is currently in the rapid growth and takeoff phase since many innovations are coming up and the industry is being attracted by many big corporate to enter in. Number of rivals: The industry is divided into two sub segments: routine tests and specialised tests. In routine test segment‚ the industry is fragmented into many small companies
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Sustainable development and international business law 1) Executive summary This scenario involves four countries and four separate business transactions. Further‚ it involves several main legal issues which will be dealt with in the discussion. * The first issue is which law will govern the transactions between the parties – domestic or international law‚ and the implications of both. * The scenario raises the issue of the selection of incoterms which will best accommodate the interest
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Sustainable Tourism The idea of sustainable tourism initiated from the idea of sustainable development. There are two forms of tourism industries‚ which quite a few platforms want to apply to reach sustainable level. Sustainable Development & Sustainable Tourism The term sustainable development illustrates the situation where development could happen to satisfy current generation’s needs and wants whereas the next generation would not be victims of unsustainable actions of this generation.
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FACTORS AFFECTING THE LYTIC ACTIVITY OF LYSOZYME ’ A. N. SMOLELIS" AND S. E. HARTSELL Laboratories of Bacteriology‚ Department of Biological Sciences‚ Purdue Univer8ity‚ Lafayette‚ Indiana Received for publication October 28‚ 1951 Since the initial discovery of lysozyme by Fleming (1922)‚ nuimerous attempts have been made to describe the properties of this enzyme. The absence of a reliable method for the determination of enzymatic activity‚ however‚ has contributed to the incompleteness and
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