Economics for Hospitality‚ Tourism and Leisure Keynesians versus Monetarists Faculty responsible: J. Heller Ismail EL HASSANI Humanity has known in its history long periods of growth with the Agrarian Revolution‚ the Industrial Revolution‚ the Oil era and now the Information’s one. From the last period of sustained growth is born the myth of continuous and eternal growth. However‚ the scarcity of natural resources and the awareness of the negative effects of economic
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problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of its owner or shareholders. Friedman feels that as long as the corporate executive carries out these desires in a way that follows the laws and ethical customs of society‚ this person has fulfilled his or her duty for the
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The United States election in 2000 raised a debate between democrat and republican and in the end the American people chose a new leader Mr. George w. Bush. President Bush clearly defined foreign policy objectives and goals. I have seen and hear our dear President Bush foreign policy after September 11. Following this‚ Bush has established its top priorities in foreign policy. He claims that an acts in the government to improve the international community through negotiation and cooperation. Likewise
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Joseph Smith in the late 1820s‚ and who have over 15 million members. (Wikipedia‚ The Latter Day Saints Movement [“Wikipedia 3”].) The Mormon church includes four scriptural texts: the Bible (both Old and New Testaments)‚ the Book of Mormon‚ the Doctrine and Covenants‚ and the Pearl of Great Price. Other than the Bible‚ the Book of Mormon is their most-used text‚ which includes revelations written by Joseph Smith. It includes commentary about the Bible‚ chapters and stories believed to be lost parts
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Job Discrimination in organization Definition Discrimination can be define as the wrongful act of distinguishing illicitly or illegally among people not on the basis of individual merit‚ but on the basis of prejudice or some invidious‚ unpleasant or morally reprehensible or wrong attitude. The main economic definition of “employment discrimination” implies that it is efficient and leads to unusual and narrow empirical methods. From a legal perspective one can note that this definition does
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Piyabalo Padaro MGT 301 Midterm Exam 17 November‚ 2012 1. A re-organization will require that some employees are provided severance packages while other reassigned. What interpersonal managerial roles developed by Mintzberg will a manager confronted with this employ? Explain. Most of us agree that for the companies to function more efficiently and effectively‚ some changes need to be made sometimes to ensure that the current requirements are met. Managers most of time have to reorganize
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Introduction Development of an individual economy passes through different economic phases. Sometimes it is booming and sometimes it suffers from recession. This phenomenon can be viewed as projection of consumption and investment strategies of the individuals and the government of the country. Interest rate‚ being a major factor of economics‚ plays a great role in economic activities carried out by nation and the nationalities. A change in interest rates may affect other factors of the economy
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Brett Bolek Mrs. VB-T Current Events October 21‚ 2013 PARENTHETICAL DOCUMENTATION Free or Equal? Milton Friedman‚ one of the brightest minds of economics strongly advocated economic freedom over economic equality. In economically free societies‚ citizens all start their lives with equal opportunity when in economically equal societies‚ citizens all have equal success. Countries are better off with economic freedom rather than economic equality. Milton Friedman’s theory of economics was
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As it states in the business dictionary social responsibility is defined as The obligation of an organization ’s management towards the welfare and interests of the society in which it operates. This definition contradicts what is stated by Milton Friedman. He says that “The social responsibility of a business is to increase its profits.” As consumers many people have different views on what the social responsibility of a business should be. In this paper I will discuss some examples of businesses
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GLOBAL BUSINESS STRATEGIES READING REPORT Savannah Benton The World Is Flat by Thomas L. Friedman. Pp. 533-579 April 21‚2015 I. Four noteworthy quotes or key insights from the assigned reading. 1. “I believe that capabilities create intentions. If we create an Internet where people can open an online store and have global suppliers‚ global customers‚ and global competitors‚ they will open that online store or bank or bookshop…The history of economic development teaches this over and over: If you
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