If inflation is too high in an economy the government will introduce policies to reduce the rate as a high rate can lead to disaster for a country. If the UK has excessively high inflation rates then they will not be able to compete on the exportation of goods against other countries as we will be charging higher prices which can then lead to a contraction on UK output and we become less efficient. It is also disastrous for individuals as there will soon be a wage-inflation battle as wages need to
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The Rule Of The Law is the principle that laws are enforced equally to all citizens and associations. This is designed to reduce the amount of prejudice in the court system as everybody has the same legal rights regardless of their race‚ gender‚ career or other potentially influential characteristics - reinforcing the idea that ‘no one is above the law’. Everyone in the UK is subject to its laws‚ regardless of their attitudes. In court‚ the judge should remain neutral which supports the rule of
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1. The process of determining whether an entrepreneur’s idea is a viable foundation for creating a successful business is known as a: 2. Porter’s five forces model assess industry attractiveness by surveying these five factors: 3. The strongest of the five forces in most industries is: 4. The force from the five forces model that considers economies of scale‚ initial capital requirements‚ cost advantages relevant to company size‚ and lack of brand loyalty is the: 5. The primary purpose of the
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Joseph Harris’ “Revising” essay‚ some students feel that they can draft an entire piece from start to finish in a single sitting‚ and they feel that they have trained their minds to recognize and fix mistakes. (Harris 444) This practice neglects the idea of revising but instead promotes the idea of editing. He wants the students to reflect on these four questions in the following order: What’s your project? What works? What else might be said? What’s next? He feels that revising is simple to describe
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Explain how psychological perspectives have been used to criminal behavior Biological approaches: (P1)The biological approach means that our behavior is the cause of biological factors. This approach looks at our genetics to construct a reason why we act the way we do and why we develop abnormal behaviors. The brain and nervous system are the biological approach and so are chemical changes in the body .This can mean chemical reactions in the brain. For instance‚ in eating disorders - twin studies
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Used cars provide the best value for money. First time buyers find that a used car is the perfect option for them. Families looking for a larger car or van for use‚ may also find that the best deal lies at a used car dealer. There are often many used cars for sale at a car dealer and therefore it is essential to find the right vehicle out of the available stock. Here are some important tips that may help people buy the perfect option. Remain under the Budget Most young vehicle buyers are depending
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and THE COMPETIVE ADVANTAGE IN CHILD CARE JoAnna The definitions of the terms value added service‚ information system‚ and competitive advantage all play an important roles in Information Communication Technology (ICT). This is a relatively new in businesses like Family Child Care & Child Day Care Centers that want to gain a competitive advantage. This paper will explain how ICT implementation in conjunction with the definitions above can help providers in child care related fields gain
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Studie: Bedrijfseconomie Budgets Is the use of budgets out of date? S.A.D. Sardjoe 298142ss July 12‚ 2009 Table of contents Chapter 1 Introduction 2 1.1 Purpose 2 1.2 Method 2 1.3 Scope 2 1.4 Outline 3 Chapter 2 Budgets 4 2.1 Definition of budgets 4 2.2 The use of budgets 5 2.3 The process of budgeting 5 2.4 The advantages of budgets 6 2.5 The disadvantages of budgets 7 2.6 Conclusion
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Budget is something that every citizen of India looks forward to. It determines how the finances are going to be managed for the coming year. The Union Budget 2013-2014 is perhaps the most budget of post reform India. This budget‚ as always has been welcome by some‚ while for the others it is a total unsatisfactory one. The Finance Minister‚ Mr. Chidambaram has tried to cut down the expenses and has tried to increase the fiscal by next year end. Listed below are the highlights of the Union
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are new and used. A new car is a car that has not had a previous owner‚ meaning that a purchaser of a new car would be the first owner‚ though not necessarily the last owner of the car. A used car is defined as a car that has had at least one‚ though not exclusively one‚ or more owners in the car’s lifespan‚ meaning that if someone were to purchase the car in a used condition‚ the car would have had a previous owner. There are proponents and opponents of both sides of buying a new and used cars. There
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