Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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IT 548 Telecommunications & Networking Local Area Networks Hood College Dept. of Computer Science Spring 2013 Layer 2: The Datalink Layer • • 2 Datalink layer provides a reliable communications link between devices. Breaks a data stream into chunks called frames‚ or cells. Three key functions: • error detection • error correction • flow control • • In LANs DL can be broken down into two sub-layers: • media access control (MAC) • logical link control (LLC). • flow and
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Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. 3/3Define opportunity cost‚ and explain its importance in economics. (3 marks) -The opportunity cost of something is what you must give up of one thing‚ in order to get it. Opportunity cost is a key concept of
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Vocational Area Report Introduction The following report is a formal structured report based on investigating the job opportunities available in Radio and Journalism. The aim of the report is to: · · · Practice writing a formal structured report. Understand how to structure research in an easy and accessible way. Fulfil a module for my FETAC level 5 Radio and Journalism course. Contents Page · Cover Page: Page One · Introduction: Page Two · Contents: Page Three · Chapter One: Page Four
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to buy foods will lead to healthy problems‚ famine‚ and even the starvation. For the poor family in urban areas‚ people only have an average income and equivalent of rice below to 25 kilograms per person and per month‚ while for rural areas‚ people just have an average income which equivalent to below 20 kilograms of rice per person and month‚ and for whom who live in mountain and island areas‚ they just have an average income equivalent to below 15 kilograms (Huynh‚ ML‚ 1999). 2.2 Lack of Education
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Since the 15th century‚ Europeans have been exploring the world‚ colonizing new lands‚ and interacting with the people of these new lands. These interactions were caused mostly by the economic motivations of Europeans‚ as these places often provided Europe with valuable goods. Throughout this period of interaction‚ European views of foreigners changed from those of respect and tolerance in the late 18th century to those of complete superiority and dominance in the early 20th century. This change
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In the beginning‚ the Europeans that immigrated to America often did so because of one of two things; religious reasons or economic opportunity. They brought new ideas and new religions to the Americas. The Quaker Colonies of Pennsylvania and Massachusetts were formed by English Protestants who wanted a place where they could worship their religion in peace‚ with social order. These people looked to America for asylum. The Europeans also established colonies in The Caribbean Islands. The Spanish
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EXMBA 2012-14 Sem-2 Economic Environment of Business Faculty : Ms Simirit Kaur Project Report on Major obstacles to India s growth Submitted By: Harish Kumar (S-25) Manoj Paweria (S-36) Kumar Sikander (S-76) ACKNOWLEDGEMENT We owe a great many thanks to a great many people who helped and supported me during assignment . Our deepest thanks to professor‚ Ms. Simrit Kaur for assisting us at every stage of this project from the objectives‚ techniques and analysis to fine-tuning our entire
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European Imperialism on Japan Ever since the Industrial Revolution‚ the Europeans were restless in between the intensified economic activity and competition; many industrialists at this time believed that the only way their nations could ensure their economic necessities was the acquisition of overseas territories‚ and this belief later expanded into Imperialism. The second motive for Imperialism/Colonialism would be that once Europeans obtained the knowledge of ’outer beyond’ and
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