Environmental Economics : Some Basic Concepts 1. Welfare economics Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being‚ especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution. associated with it. It analyzes social welfare‚ however measured‚ in terms of economic activities of the individuals that comprise the theoretical society considered. As such
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Question: 1.2‚ Review the issues involved in strategic planning (((The Author Paul Stuart Kregor is a Director of the MSI Consultancy Ltd Article originally publised in Pharmaceutical Marketing‚ June 2007))) Every year at about this time or a little earlier‚ we start the process of ‘strategic’ planning. The annual planning process‚ for all its focus on analysis‚ or template completion‚ can easily fall into the apparently comfortable tactic of merely updating the activity from last year’s plans
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can lift well-being and productivity. Discuss. Employee voice is about the participation of employees by influencing decision making in the organisation. In the past‚ union voice has had the leading voice mechanism with supplementing from employers union voice with nominated non-union reps that often is sitting on joint consultative committees (Charlwood‚ 2006). The classic work of Freeman and Medoff (1984) regarding trade union showed that the definition of voice practices’ effects (Bryson‚ Charlwood
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SOCIO-ECONOMIC ISSUES!!! BY: AMMARAH SULIMAN GRADE 10 WHAT DOES SOCIO- ECONOMICS MEAN? Socioeconomics is an area that governs the understandings and the activities of individuals that shape them as economically active WHAT IS SOCIO-ECONOMIC ISSUES? socio-economic issues are the problems that socioeconomics tackles and the factors that have negative influence on the individuals’ economic activity. Such issues are lack of education‚ cultural and religious discrimination‚ overpopulation‚ unemployment
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If I would be a manager of a large automobile factory‚ I would be interested in increasing the productivity among all workers. A good tool for this is Operant Conditioning. I would have 3 types of workers: white collar office employees‚ factory line workers‚ and quality control employees. I would use different techniques for each type. For quality control workers I would use punishment. If they didn’t notice a defect in the product that they were supposed to check‚ they would get a fine taken off
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Ethical issue in environmental pollution. The environment landscape nowadays have completely different if compared to previous centuries‚ as human population around the world rapidly increases and we are more advance in technology and transportation it bring harmful impact to environmental landscape. The environment currently as we all aware of it was polluted because of our own action and still nothing or less effort to change it before it’s become too late. All of the pollution that incurred
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Vertical Multi Level Farming to Increase Crop Yield An Affordable and Feasible design BySumit Singh Contents 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Current Status My Design Platform Tower Prototype Testing Experimental Groups Data Observations and Conclusion Pros and Cons Snapshots Current Status There are designs of skyscrapers proposed for Vertical farming but the construction and maintenance cost will be very high. So Vertical farming is not a reality yet. Moreover‚ such type of farming will harm small
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WHAT IS PRODUCTIVITY? Productivity is about the effective and efficient use of all resources. Resources include time‚ people‚ knowledge‚ information‚ finance‚ equipment‚ space‚ energy‚ materials. IMPORTANCE For the country: Productivity enables the government to do more for the people and the economy: Ugrading the infrastructure Cleaning up the environment Providing more and better social services Providing better care for the poor‚ disabled and others. For organisations: Creating
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Take-Home Exam Exercise 1 (a) If the emissions in the area are left unregulated then the two factories will emit as much as they can‚ which means there will be zero abatement (MAC=0). So we have: Factory A: MACA=0 4000-EA=0 EA=4000 Factory B: MACB=0 4000-4EB=0 EB=1000 For the socially optimal level of emissions we have: MACA=4000-EA EA=4000-MACA MACB=4000-4EB EB=1000-0‚25MACB By adding the above by parts we get: E=5000-1‚25MAC MAC=4000-0‚8E The socially optimal level of emissions
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“Standard economic theory states that any voluntary exchange is mutually beneficial to both parties involved in the trade. This is because either the buyer or the seller would refuse the trade‚ if it won’t benefit both” (Millard‚ 2012‚ p. 11). Hubbard‚ Garnett‚ Lewis‚ and O ’Brien‚ (2010) said that a competitive market achieves economic efficiency by maximising the sum of consumer surplus and producer surplus. But that result only holds if there are no externalities in production or consumption.
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