PGDM12F004‚ Class Serial No- 4. Economics Assignment- Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone
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Opportunity costs The first opportunity cost that I made was choosing to enroll in a university that offers online courses or going to a traditional university that only has classroom style learning. The pros of attending online for me included not having to commute back and forth 40 additional miles per day‚ not having to hire a babysitter for my child‚ and I’d be in the comfort of my own home or environment to my liking when I studied. The cons included‚ not having that social connection to my
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Dan S Cni P5 In ancient India two kingdoms dominated and reigned. Seperate and unique respectively‚ they were very powerful. The Gupta and Mauryan empires where both attempts to recreate very successful previous empires. The Mauryan attempt to recreate the Magadha empire and the Gupta try to recreate the Mauryan empire. But the essential question is which kingdom was the golden age of ancient India. A big part of answering this question is to first find
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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SUMMARY : GOLDEN RICE One of the applications of recombinant DNA technology in enriched foods field is golden rice. The organism used is daffodil or maize‚ bacteria Erwinia uredovora and Escherichia coli. The insertion of phytoene synthase (psy) gene from daffodil or maize and phytoene desaturase (crt I) from Erwinia uredovora into rice genome reintroduced carotenoid biosynthetic pathway in the endosperm that was absent before. This gives the ability of making β-carotene (precursor of Vitamin A)
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The definition of Equal Opportunity is a descriptive term for an approach intended to provide a certain social environment in which ensure people are not excluded from the activities of society‚ such as education‚ employment‚ or health care‚ on the basis of immutable traits. Equal opportunity practices include measures taken by organizations to ensure fairness in the employment process. The Equal Opportunity program formulates‚ directs‚ and sustains a comprehensive effort to maximize human potential
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting
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The Golden Age of Flying It is easy for a modern day flyer to look back at photos of people flying in the 50’s and 60’s and to wish that flying were the same today. Unlike pictures of people flying today‚ which illustrate casually dressed‚ grumpy passengers‚ packed into a stark-white cabin‚ pictures from 60 years ago illustrate formally dressed‚ smiling passengers‚ eating steak and lobster off of fine china. The presumably superior flying experience throughout the 50’s and 60’s is commonly
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As the women remain gathered‚ in N’Diayene‚ the strike against the French management‚ has evolved into a struggle for rights‚ not just for men‚ but for society as a whole. It is the women whom become the This particular passage exemplifies the women’s influence not only in the struggle for equality but an uprising for women. Though many of these women are old‚ they still posses the strength and the will to fight and are relentless. The women are also very resourceful and very tactful as the
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CHAPTER 1 1.0 Executive Summary As of late 2013‚ Golden Palm Tree Iconic Resort & Spa will be undergoing a rebranding exercise that will result in name change to AVANI Sepang Goldcoast Resort because of the joining to AVANI Hotels & Resorts. (Golden Palm Tree Resort & Spa Sdn Bhd‚ 2013) The group is now investing heavily in infrastructure as well as in building new hotels and resorts whilst renovating and refurbishing existing properties. However‚ they still lack other
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