ECONOMICS the branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy. SCARCITY: THE NEED TO CHOOSE Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive
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The Fundamental Tenets Of Buddhist Ethics The Moral Dilemmas Word Count: 2‚521 To live is to act‚ and in doing so our actions can have either harmful or beneficial consequences for oneself and others. Buddhist ethics is concerned with the principles and/or practices that help one to act in the ways that are helpful rather than harmful. (fwbo.org) Primary to the human factor is the fact that work implies equally to any setting‚ a supermarket or the stock market. No matter where
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CHANDLER The logic of managerial enterprise Step 1: Investments ∙ Build larger‚ efficient production capacity to exploit economies of - scale: big production to get smallest cost per unit - scope: efficient use of common items ∙ Create extensive marketing and distribution channels ∙ Establish well-organized management teams Step 2: Implement a “Strategy of Leadership” ∙ Continuous research‚ improvement and innovation ∙ Systematically
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The economic growth of Thailand is mostly sustained by exports. However‚ recently a political crisis over several months continues to make its local consumption and investment slump and even curbs economic growth. That is to say‚ political situation plays an important role in economic growth which is mostly estimated with GDP. The National Economic and Social Development Board said the second quarter gross domestic product is 4.9%‚ year to year percentage change‚ slowing from 6.1% rate in the
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BUSINESS STUDIES HUMAN RESOURCE MANAGEMENT Module One FUNDAMENTALS OF MANAGEMENT & ENVIRONMENT INTRODUCTION TO MANAGEMENT * Meaning of management * Levels of management * Types of managerial tasks * Managerial roles EVOLUTION OF MANAGEMENT * Evolution of management thought * Management theories BUSINESS ENVIRONMENT AND CORPORATE SOCIAL RESPONSIBILITY * Meaning of business environment * Types of business environment * Meaning of corporate
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Short Response 03 By this short response‚ I would like to express my thoughts about the poem “Discourse on the Logic of Language” By M. NourbeSe Philip and about the essay “The transformation of silence into language and action” by Audre Lorde. First‚ I would like to say that the poem “Discourse on the Logic of Language” is a very powerful and interesting poem that tries to manifest its idea through a very innovative way. The poem describes the frustration of being
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Firstly‚ one of the fundamental principles of arbitration is that arbitration proceedings are private. Parties are agreed to submit the disputes arising between themselves and only between themselves as agreed in their arbitration agreement. The confidentiality in the arbitration procedures may be seen when the public are excluded and have no right to attend hearing‚ only the parties to the arbitration agreement and their representatives can attend any arbitration meeting or hearing. In other word
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1. Describe how the fundamental attribution error affects how we think of ourselves and of others. The Fundamental Attribution Error refers to the tendency to over estimate the internal and underestimates the external factors when explaining the behaviors of others. This may be a result of our tendency to pay more attention to the situation rather than to the individual‚ and is especially true when we know little about the other person. 2. List and briefly describe four variables affecting
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A big part of Fisher’s job is to plan a strategy for troubled Kodak. Over the years‚ the company had envisioned that its photographic technology might some day become outmoded and had done some preliminary work on digital images. However‚ many in the company were concerned that going in the digital direction would destroy Kodak’s core photography business‚ which relies on selling film and development processes. Indeed‚ at this point in time‚ the photographic business accounts for about 90 percent
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Fundamentals of Relational Database Design By Paul Litwin This paper was part of a presentation at a Microsoft TechEd conference in the mid-1990s. It was adapted from Microsoft Access 2 Developer’s Handbook‚ Sybex 1994‚ by Ken Getz‚ Paul Litwin and Greg Reddick. Reprinted with permission of the publisher. While the paper uses Microsoft Access (version 2) for the examples‚ the vast majority of the discussion applies to any database and holds up pretty well over 11 years after it was written. Overview
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