code of life which offers its own social‚ political and economic systems to guide human behavior in all spheres of life. History has recorded that the economic system of Islam‚ for the first time in the world had established social and economic justice during the period of al-Khilafah al-Rashidah. In any ideal Muslim society‚ socio-economic justice is considered as one of the most significant characteristics for the social‚ political‚ and economic as well as all realms of human interaction. Exploitation
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Economic Importance of Natural Resources The mineral resources constitute a vast potential wealth of our country and varieties of mineral resources are available in all countries namely; iron‚ manganese‚ mica‚ bauxite‚ gypsum‚ titanium‚ thorium‚ uranium‚ chromium etc.‚. These mineral resources‚ when used‚ in a prudent and judicious manner have the powers to convert a developing country into a developed country. Iron: Iron ore plays a key role in the industrialization of a nation and some developing
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Activity-Based Costing to Allocate Overhead Costs The managers at Beneteau Company decided to use activity-based costing to allocate overhead in view of the point that its benefits would surpass the cost. With ABC‚ This costing use different cost groups which are organized according to different activities to allocate overhead costs. The production and maintenance of the product includes all activities such as purchasing materials‚ inventory management‚ assembling parts and verifying final products
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Lesson 1 FOUNDATIONS OF ECONOMICS Lesson 1- Economic System & Opportunity Cost 1 Learning Objectives By the end of this unit‚ you should be able to: give an overview of Economics deal with the Economic Problem discuss the Methodology in Economics differentiate between Microeconomic Issues and Macroeconomic Issues Lesson 1- Economic System & Opportunity Cost 2 Lesson 1- Foundations of Economics Lesson 1-pg1 What is Economics? Economics is the study of how people and society
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An Effective Civil Justice System General Law Essay An insight into the civil process before the present change was first made by Charles Dickinson in his novel bleak house The civil justice process is in many respect quite different from the criminal justice system .the criminal justice system pits the state and its agencies the citizen while civil justice system essentially involves different individuals‚ companies etc But civil justice process is a complex social process. It is important to
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What is system? System (from Latin systema‚ in turn from Greek systēma) is a set of interacting or interdependent entities‚ real or abstract‚ forming an integrated whole. A group of interdependent items that interact regularly to perform a task. Economic System An economic system is a system that involves the production‚ distribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions‚ including their relationships
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‘MAKING EFFECTIVE ORAL PRESENTATIONS IN ENGLISH IN AN ACADEMIC CONTEXT’ 1. INTRODUCTION Oral Presentations are brief discussions of a focused topic delivered to a group of listeners (audiences) in order to impart knowledge or to stimulate discussion. They may be short or long‚ include slides or other visual aids‚ and be done individually or in a group. Planning and structuring an oral presentation is similar to the process of writing an essay‚ except you need to be conscious of a live audience
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Islamic Economic System implies a mood of satisfying the economics needs of the members of organized society in accordance with is injection of Quran and Sunnah. It’s derived from the teachings of the Holy Qur’an and explained in his Ahadith by the Holy Prophet (SWT). This system continued in this original form till the death of the Second Caliph Hazrat Umar (RA). The system believes in the private ownership of the means of production‚ distribution and exchange which are managed and controlled by
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Question: What is the Best Economic System? Economic systems have formal and informal rules that help regulate a society. They also determine what to produce‚ how to produce and how to distribute goods and services. Each system’s priorities are to promote economic progress and maintain the economic stability. There are 4 types which consist of: Traditional‚ Market‚ Command and Mixed. I believe the best option would be the Mixed-Market economic system. It not only has economic institutions but also
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kinds of social media are around nowadays‚ however‚ not all of them are effective in business. Although the adoption rate of social media is growing year by year‚ some kind of social media are declining such as Podcasting‚ message board‚ and blogging. The reasons why those social media are declining can be found in the difference of method of connecting people and perception between customer and companies. A company has to use right social media in the right way and understand what consumer want
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