transportation‚ communications and technologies‚ as well as changing role played by the government and the financial markets‚ firms found new ways and equipped with new abilities to control their operations and interact with suppliers‚ customers‚ competitors and other stakeholders. Given the above infrastructure changes‚ vertical integration became a logical option for firms as the demand of product and market size increased tremendously which allowed the high-volume production since the early 90s
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17th Century Absolutism in France Throughout the reign of the Bourbon dynasty of France‚ a distinct form of government known as absolutism developed‚ hoping to counteract the intensifying religious conflicts and the social fragmentation in Europe. Within the rule of the great Henry IV of Navarre‚ his son Louis XIII‚ and the prominent Louis XIV‚ the supreme authority of the monarch of France expanded exponentially‚ bringing about stability‚ prosperity‚ and public order. And through an unsettled
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The best job have I ever had ? Throughout my career life I have had a lot of jobs ‚ sometimes good or most the time bad but‚ I am pretty sure if you have a chance to work for yourself that would be your best opportunity. When I got this chance to work in my own little store it was the most amazing job I could ever wish to get. Imagine working without any boss‚ less stress or no problems with a manager in my job. Wouldn’t that be great? One of the reasons that made this job interesting for me
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conventional rules derive neither from legislation nor from decisions of the courts‚ they have an uncertain existence and are not ultimately backed up by any obligations”. (Bradley & Ewing). Critically discuss this statement. The one of very characteristic of UK’s unwritten constitution is that the government is not completely restrained by the strict law‚ but in some areas it reliant on the constitutional conventions‚ even to dealing with substantial aspects of constitutional behavior. For example
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Support during labor is highly recommended a. What is a doula? What do they do during the birth? What qualifications do they usually have? A doula is a professional trained in childbirth who provides emotional‚ physical and informational support to the mother who is expecting‚ is experiencing labor‚ or has recently given birth. The doula’s purpose is to help women have a safe‚ memorable and empowering birthing experience because she recognizes birth as a key experience the mother will remember all
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The school days are crammed with facts and figures‚ encompassing various subjects ranging from English to Mathematics. All of these require students to learn‚ memorise‚ understand and to be tested. Besides grades and examinations‚ the school also encompasses a wider curriculum including character moulding‚ citizenship building and personality development. Indeed‚ I think the school does prepare us for life. Firstly‚ the school teaches us self-discipline. We learn to keep to a schedule and to adhere
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a. What is the goal of cash management and why do firms hold cash? Money administration guarantees that sufficient levels of capital are accessible to a business for here and now needs‚ for example‚ stock buys. A decent money administration program can altogether impact the effectiveness of operations‚ which can likewise lessen general expenses. The objective of most money administration frameworks is to wipe out astonishments identified with money by meeting the day by day money necessity at the
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Firms did not flourish until the early 20th century. They emerged as an authorized structure and were granted exclusive rights to trade and conduct business in certain markets and products. The fact that firms are a different way to organize economic activities cannot explain explicitly and adequately the reason of firm formation. Many socialists and economists have given their interpretations of the conditions under which firms emerged and developed in certain ways in a specialised exchange economy
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Between the years 1765 and 1787‚ America had gone from British Colonies protesting against the British Parliament’s Stamp Act‚ to an independent Nation. During the Revolutionary War‚ Colonists wrote the Articles of Confederation‚ which acted as a set of rules and organized the government. Although the Articles of Confederation gave structure to the American government‚ it had ultimately set up America for failure as a thriving Nation. The states were given too much power and economic freedom in the
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[NOVEMBER The Nature of the Firm By R. H. COASE ECONOMIC theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is‚ however‚ essential not only to prevent the misunderstanding and needless controversy which arise from a lack of knowledge of the assumptions on which a theory is based‚ but also because of the extreme importance for economics of
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