resource An economic or productive factor required to accomplish an activity‚ or as means to undertake an enterprise and achieve desired outcome. Three most basic resources are land‚ labor‚ and capital; other resources include energy‚ entrepreneurship‚ information‚ expertise‚ management‚ and time. Natural resources are derived from the environment. Many natural resources are essential for human survival‚ while others are used for satisfying human desire. Conservation is the management of natural
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Economics is the allocation of scarce resources among competing ends. To some extent‚ virtually everything is scarce - money‚ food‚ water‚ dates for the prom... but some resources are scarcer than others‚ and deserve special attention from those with the tools to allocate them properly. Basically scarce resources can be defined as the limit a society has on a particular resource that is less obtainable than others which are readily attainable. Some examples of some scarce resources that are found
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Explain How the Human Resource (Hr) Policies at Lincoln Electric Are Linked to Its Overall Corporate Strategy Explain how the human resource (HR) policies at Lincoln Electric are linked to its overall corporate strategy. Jeffery Pfeffer‚ The Human Equation‚ (1998)‚ explains the idea of alignment between employment practices and strategy. He states that an organisation should do specific things to manage the employment relationship and these practices need to be first internally consistent and
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How do we solve a problem like....stereotypes We can say that stereotypes are based in some kernel of truth. Some stereotypes are self-perpetuating‚ but is it up to the minority itself to regulate and stop those who perpetuate certain stereotypes? Can you tell one group of a minority to stop acting a certain way‚ to stop dressing a certain way‚ to stop talking a certain way? Would it really be better for society if we took out the kernels causing all the self-perpetuating problems? I believe
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other branches. The legislative branch‚ which is headed by Congress‚ writes the law. The executive branch‚ headed by the President‚ carries out and enforces the law. And the judicial branch‚ headed by the Supreme Court interprets the law. 2. The system of checks and balances allows each branch of government to influence the activities of the other branches. Examples of checks and balances include the president’s veto power over Congress‚ the power of the Supreme Court to declare laws unconstitutional
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many theories for a successful economic system. There are debates whether which type of government is most ideal. But perhaps no one ideology is correct. Countries that have different cultures‚ histories‚ and governments can all be economically successful. This can be seen by looking at the United States‚ Egypt‚ and China. The differences in these countries are immense- from the number of political parties‚ to how much control the government has or even how it is set up. However‚ even
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the ‘economic problem’? The fundamental economic problem is related to the issue of scarcity. Scarcity means that resources are limited and short in supply in the world (e.g. diamond). Because of limited resources and unlimited demands‚ society needs to decide how much to produce and distribute these relatively scarce resources. The basic economic problem can be define as what to produce‚ how much to produce and for whom to produce. Some countries are lucky to have great natural resources‚ whilst
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| | | | A compiler is a computer program that implements a programming language specification to "translate" programs‚ usually as a set of files which constitute the source code written in source language‚ into their equivalent machine readable instructions (the target language‚ often having a binary form known as object code). This translation process is called compilation. We compile the source program to create the compiled program. The compiled program can then be run (or executed) to do
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Is Economic Development a Prerequisite of a Functioning Democratic System? In the world of political science‚ it is an inherent feature of the discipline that academics will seek a universally applicable theory to explain phenomena that occur within the political sphere. Seymour Martin Lipset did just that in his article Some Social Requisites of Democracy: Economic Development and Political Legitimacy‚ published in the American Political Science Review in 1959. In this‚ he made the claim that
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What is the most efficient economic system? Barack Obama‚ the 52nd president of the United States expressed the statement "It ’s time to fundamentally change the way that we do business in Washington. To help build a new foundation for the 21st century‚ we need to reform our government so that it is more efficient. That will demand new thinking and a new sense of responsibility." An economy is the wealth and resources of a country or region‚ especially in terms of the production and
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