What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? The determination of whether a resource is scarce is its supply in relation to demand such as land‚ labor capital and human capital. If there is not sufficient amount of resource to satisfy the demands‚ then resources are set to be scarce. On the other hand if supply exceeds it demand‚ then the resource is not scare not only that if the supply of a goods or service is low
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index crosses 300. The social and economic costs arising from the haze are significant. Haze will certainly disrupt the daily activities of the people as more will stay at home to avoid inhalation of pollutants. Many outdoor activities will have to be cancelled and schools will have to be closed if the PSI reaches unhealthy range. The cancellation of the various activities will cause reduced interactions among people. The loss in recreation activities will impact the wellbeing of the people physically
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Tourism: Principles‚ Practices‚ Philosophies Part Five: Essentials of Tourism Research and Marketing Learning Objectives • Become familiar with the marketing mix and be able to formulate the best mix for a particular travel product. • Appreciate the importance of the relationship between the marketing concept and product planning and development. • Understand the vital relationship between pricing and marketing. • Know about distribution systems and how this marketing principle can best be applied
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Sports and Development: An Economic Perspective on the Impact of the 2010 World Cup in South Africa Jo Swinnen and Thijs Vandemoortele LICOS Centre for Institutions and Economic Performance Katholieke Universiteit Leuven Version 2 February 2008 Introduction The relationship between sports and development can be analyzed from different angles – some of these have received quite a bit of attention in the literature‚ others less. An important share of the literature focuses on football
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Methodius Faculty of Economics Marketing Management Project Activities in the Local Economic Development Sector Graduation paper for the course Marketing Management Mentor: Student: PhD. Anita Ciunova-Shuleska Bogeva Sofija 50300 03 February 2011 Contents INTRODUCTION 3 LOCAL ECONOMIC DEVELOPMENT 4 What is Local Economic Development? 4 What is
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CGS 1023F: Introduction to Global Development Research Paper Proposal and Critical Annotated Bibliography Topic: The Influence of Freedom of Expression on the Development of a Country As a member of North American society‚ I have the privilege of being able to express my opinions‚ beliefs‚ and religious ideologies to those around me without any repercussions. I am able to think in whatever manner I choose and express my opinions without having any fear of reprisal or persecution. The value of
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1. Exercise 2: Poverty trends Update the Table 1 of “Halving global poverty”. Download from the World Development Indicators database the following data: * Poverty headcount ratio at $1.25 a day (PPP) (% of population) * Population‚ total For the main geographic areas of Table 1‚ and since 1990 2. Calculate the number of poor Geographic Region (developing) | 1990 | 1993 | 1996 | 1999 | 2002 | 2005 | 2008 | Europe & Central Asia | 7‚482‚812 |
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What is Tourism? Tourism includes several social practices. All these have the small common characteristic that they are different and they are a ’departure ’ from normal life. These characteristics help us to define tourism‚ which according to the W.T.O (World Trade Organization) is the movement of people away from their normal routine of residence and work for a period of not less than 24 hours and not more than 1 year. Tourism is a free time activity because it gets along with its opposite
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MARXIAN THEORY OF ECONOMIC DEVELOPMENT Karl Marx is one of the few thinkers in History who has had an influence on millions of people‚ ranked with Christ and Mohammed‚ if we are to judge him by the number of followers. He predicted the inevitable doom of capitalism and imposed on his ideas that communism has built its edifice (large structure). He based his predictions on a sweeping analysis of the process of capitalists’ economic dvlpt. MARXIAN INTERPRETATION OF HISTORY General framework of Mark’s
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Tourism in India: With a view to earning foreign exchange India wants to develop her tourist-industry. Since a pretty long time Kashmir has become a regular receiver of tourists. Innumerable number of people come from abroad to visit this prettiest place of India. Most of the people of Kashmir earn their bread and fortune by dealing with the tourists in various ways getting money from the tourists through hotels‚ restaurants‚ rest houses‚ boat-houses‚ conveyances and by hawking‚ peddling and guiding
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