GEORGIA PERFORMANCE STANDARDS Fundamental Economic Concepts SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity‚ opportunity costs and trade offs for individuals‚ businesses and governments. Individuals have wants that are‚ for practical purposes‚ unlimited. But the total resources of society‚ including natural resources‚ human resources‚ capital goods and entrepreneurship‚ are limited‚ so that scarcity exists. As a result‚ it isn’t possible
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OIL PALM INDUSTRY ECONOMIC JOURNAL (VOL. 2(2)/2002) Malaysian Palm Oil Industry at Crossroads and its Future Direction Khoo Khee Ming* and D Chandramohan** ABSTRACT Palm oil accounts for 20% and 46% of the global oil and fats production and trade respectively. Malaysia is the world’s largest producer and exporter of palm oil with a 50% share of world palm oil production and 61% of exports. This paper assesses the growth of the Malaysian palm oil industry and the limitations of land and labour
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quality Oils consist of a complex mixture of hydrogen and carbon which is used for fuel‚ lubrication‚ plastics manufacturing‚ and many other purposes. These petroleum products get into water mainly by means of accidental spills from ships‚ tanker trucks‚ pipelines‚ and leaky underground storage tanks Petroleum products affect surface water‚ impairing water quality with hydrocarbons‚ salts‚ nutrients‚ a host of organic compounds‚ and various heavy metals. Immediately after a spill‚ Oil slicks on
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Oil has had a profound impact on the world civilization than any other single natural resource. It is the principle energy source sustaining our civilization and economy in the world. Currently‚ oil is among the world’s most important natural resource‚ without it‚ the world would not function as effective and as efficient as it does today (Science Classified 2008). “Oil has become a very decisive element in defining the politics‚ rhetoric and diplomacy of states” (Agbebi 2009‚ p.1). Economically
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CH 1 Marketing -Process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return Marketing Process 1. Create Value for customers Create Value for customers Understand the market place + customer needs/wants/demands 2. Design a customer driven marketing strategy (goal=getting‚ keeping‚ growing target customers) 3. Construct a marketing program delivering superior value 4. Build profitable customer
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CHAPTER 1: NATURAL GAS IN INDIA * Importance of natural gas Natural Gas is a new age fuel. Natural Gas is the cleanest of fossil fuels. Natural Gas satisfies most of the requirements for fuel in a modern day industrial society‚ being efficient‚ non-polluting and relatively economical. Natural Gas requires a strong distribution network to not only support existing demand‚ but also fuel future demand. A big challenge lies in bridging the physical gap between demand and supply centers in an efficient
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into little impact until 1973. Before this organization‚ the great oil companies of the West ruled the roost. Oil is the lifeblood of the industrialized nations as it is used to fuel planes‚ cars‚ tanks‚ skyscrapers‚ fertilizer‚ drugs and synthetics. Yet back before the days of OPEC‚ the great oil companies often retained 65% or more of the revenue from a product that was produced on someone else’s property. Then in 1960‚ many of the oil producing nations‚ from both the Middle East and elsewhere‚ formed
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Crude Oil Effect on soil quality: • Oil contaminated soil looses its fertility for more than 20 years. • The texture and other physicochemical characteristics of the soil gets affected. • The mites and other insects can’t survive in oil contaminated land leading to major imbalance in the food chain. • Oil contamination has adverse effect on seed germination. Farmers loose its crops and are not able to grow agricultural crops for years after years. • Effect on economy of the farmers.
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Emulsification of Oil Prepared for: Mrs. Elena Gallagher By: Anna Villanella March 25‚ 2014 Oil is a nonpolar molecule. Polar molecules have charged groups or atoms. Nonpolar molecules have no charged groups or atoms. Polar molecules‚ like water‚ are good solvents for other polar molecules. This means they molecules that react with the water disperse into the water. Nonpolar molecules don’t disperse in water because nonpolar molecules and polar molecules don’t interact. How exactly can we discover
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elements that contribute to rising gasoline prices. The major cause for increasing gasoline prices has to do with refining capacity. Even if oil were inexpensive‚ we would still have a problem converting it into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do
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