Efficient and effective policies to solving climate change Global warming is an issue that has recently been pushed to the forefront of political leaders debates and policy making. With temperatures at the end of the century that ‘might be up by anything from 1.1C to 6.4C’(Economist 2009) and the fact that ‘current average global temperatures are only 5C warmer than the last ice age’ (Economist 2009) there is some serious concern about the welfare of humans over the next century. However the predicament
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Internal economies of scale -- Savings in cost as firm expands. Created by firms’ own policies and actions. All must link back to lowering AC 1. Technical Economies of scale (Technical and engineering factors) • Factor indivisibility Economies • Make full use of large equipments • Economies arising from increased dimensions • Larger dimensions. Container principle>>Doubling of area more than doubles the volume • linked process economies • Takes a product through several stages of production‚ saves
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generating income (boosting GDP); creating jobs (both in the mobile industry and the wider economy)‚ increasing productivity in different areas and providing public revenues through taxation from mobile operators. Different sources have explained this phenomenon‚ viz. Mobile phone technology being one of the most important sources of GDP in both developed and developing countries (Waverman‚ 2005; Deloitte‚ 2008; Ovum‚ 2006 and McKinsey‚ 2007). It is reported that an increase of 10 mobile phones per 100
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significant branches; one of it being the microeconomics and the other one being the macroeconomics. Microeconomics can be easily understood through the term micro itself which means small‚ microeconomics focuses on small level that is to say it includes areas of individual decision making and its core components include production‚ exchange‚ distribution and consumption. Macroeconomics on the other hand focuses on a much aggregate level. Unlike microeconomics it influences those areas in its study
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12‚ 2011 Muburak Laminu Trends in Consumption Patterns Thomas Sowell said‚ “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it…” In this paper the author will define economics‚ microeconomics‚ macroeconomics‚ the law of supply and demand and will identify the factors that lead to a change in supply and demand. The author will also analyze the basis for the trends in consumption patterns as discussed in the article “Alcoholic Beverage
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MicroEconomics Case Study 1 Cold War Relationship Between US and USSR What would happen if the larger country decided to increase military production? Explain your answer using the concepts of economic efficiency and opportunity costs. The Production Possibilities Frontier is best described as a line demonstrating the maximum level of production of one good for every production level of some other good. It is a graphical device used to illustrate the concepts of scarcity & how it necessitates
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learning. Economics is a science which deals with production‚ distribution and consumption of goods and services. Therefore‚ we can conclude that whatever involves “transfer of money” includes “economics”. There are two schools of economics‚ namely‚ microeconomics and macroeconomics. The combined results of these two determine the actual effect of economics on people. To list all the important functions of economics would be literary impossible as newer issues keep creeping up. In the following lines‚ we
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Summarising articles for thesis: Example 1 Karim‚ Zaidi & Wahid (2004) studied the performance of zakat distribution in Perak‚ Kedah‚ Negeri Sembilan and Selangor. The objective of the study is to compare the trend in zakat distribution in the selected states. They used the financial report of 1990 to 2001 from the respective State Islamic Religious Councils to analyze the trend in zakat distribution. They found that‚ on average the respective SIRCS only distributed 69% to 80% of the amount of
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which is no less serious than narcomania or alcoholism. For instance‚ in August 2005‚ a report surfaced about the death of a 28-year-old southern Korean gamer who had spent 50 hours playing a real-time strategy game (BBC). For another significant example‚ one needs to look no further than July 2012‚ when a Taiwanese teenager fatally collapsed after a 40-hour game session (Crawley). Cases like these are actually quite numerous and happen all around the world. They make additional arguments to the negative
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Quantitative method. C.Scientific method. D.Primary method. 4.Job satisfaction‚ which is an employees’s general attitude toward his or her job‚ is an example of a(n): A.hypothesis. B.proposition. C.concept. D.abstraction. 5.“Employees dressed professionally will generate greater sales than those dressed casually” is an example of a: A.theory. B.proposition. C.hypothesis. D.variation. 6. _____ is the logical process of deriving a conclusion about a specific instance based on
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