John Hicks "An economy consists of nothing else but an enormous cooperation of workers or manufacturer to make things and do things which clients want." The Vital Functions of an Economy:- Production‚ consumption and growth are vital factors of economics. Economies might differ in the organization but all perform these three functions which are discussed below. 1. Productions:- The First vital process of an economy is manufacture which must go on incessantly. "Production comprises any action‚ and
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Macroeconomics Basic economics concepts Basic economics problems Production possibilities curve INTRODUCTION Economics is one of the oldest disciplines among the humanities and is categorized as a social science. Economics examines and analyses the economic activity of people in order to satisfy their needs and desires. Human wants are the starting point of economic activity and provide the basis for economics. Generally‚ economics deals with the economic problems of individuals
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CITY GOVERNMENT OF ILIGAN Iligan City is a highly urbanized city and is independent from the Province of Lanao del Norte. Registered voters of the city no longer vote for provincial candidates such as the Governor and Vice Governor unlike its nearby towns that make up the provinces as a result to its charter as a city in the 1950s. Iligan City’s seat of government‚ the city hall‚ is located at Buhanginan Hills in Barangay Pala-o. The government structure compose of one mayor‚ one vice-mayor and
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In economics‚ there are many fallacies that exist. In relation to economics‚ a fallacy is a policy or theory that can be misleading if based on faulty reasoning yet is still accepted by many as fact. Economists attempt to use information based on statistics and facts in order to hypothesize relevant theories. Due to the fact that economists and others that are involved in making decisions on economic policies are human‚ human error can occur. As a result‚ policies put in place that seemed logical
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Authority in the public services Authority means the right or power to enforce rules or give orders. To do this they need legislations to enforce their laws‚ to function properly the uniformed pubic services need to have legislations. The extent of authority relates to the limit of control held by an individual or organisation. The limit of control is governed by the job description of the role‚ as well as the jurisdiction‚ with authority coming either from statute or company policy. An example
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The Cultural Landscape: An Introduction to Human Geography‚ 10e (Rubenstein) Chapter 12 Services 1) The attraction of the call center industry to locate in India can best be explained by A) low wages and wide use of English. B) low wages and geographic situational factors. C) wide use of English and the large number of working students. D) Indian students’ ability to work at night and geographic situational factors. E) none of the above. Answer: A 2) Which services constitute up to two-thirds
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Japanese economic miracle is divided into three main parts: the conditions following the war that allowed the miracle to take place‚ the factors which contributed to the miracle‚ and the aftermath of the miracle in modern times. End of World War II World War II ended in August of 1945‚ when the United States unleashed its’ new tool of destruction; the nuclear bomb. On August 6‚ 1945 the United States dropped the first nuclear bomb on Hiroshima‚ 80‚000 people were killed and almost the entire city was
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the role of authority‚ be it monarchical‚ paternal‚ religious‚ aesthetic or indeed moral‚ in the texts that you have just read? Authority is defined as ‘the power to enforce laws‚ extract obedience‚ command‚ determine‚ or judge’1. It can be interpreted in many ways‚ and for different people authority means different things. Throughout French cultural and literary history‚ there are thousands of examples of authority in plays‚ poetry and emblems and‚ in many cases‚ these authorities are inextricably
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------------------------------------------------- Garden city movement From Wikipedia‚ the free encyclopedia Ebenezer Howard ’s 3 magnets diagram which addressed the question ’Where will the people go? ’‚ the choices being ’Town ’‚ ’Country ’ or ’Town-Country ’ The garden city movement is a method of urban planning that was initiated in 1898 by Sir Ebenezer Howard in the United Kingdom. Garden cities were intended to be planned‚ self-contained communities surrounded by "greenbelts"‚ containing
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1. Below is a list of topics in usually studied in economics. Determine whether each topic deals under the area of microeconomics or macroeconomics. a. How Bangko Sentral ng Pilipinas influences the consumer spending in the Philippines. b. How a household decides what LPG brand to buy. c. How a firm decides whether to continue business or shutdown. d. How debt affects the income gap among Filipinos. e. How new parents decide whether to work or stay at home with their children. f. How the
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