CAPITAL FORMATION CAPITAL: Capital is defined as a physical reproducible factor of production. FOUR FACTORS OF PRODUCTION: LAND‚ LABOUR‚ CAPITAL & ORGINIZATION LAND Gets Rent==►LABOUR Gets Wages==►CAPITAL Gets Interest‚ ==►ORGANIZATION Gets Profit. CAPITAL FORMATION: is the act in which society dose not consume all of its income in day to day expenses but manages to save some of its income for farther investment (Output‚ Yield)Y = Consumption (C) + Saving (S) ==► (Investment) I Y =
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THE FORMATION OF MALAYSIA & SYSTEM AND STRUCTURE OF ADMINISTRATION 29TH January 2015 THE MERGING PLAN The idea to unite Malaysia with neighbouring countries was raised several times. Merger of Singapore suggested in 1955 by David Marshall – rejected by Tunku Abdul Rahman. Lee Kuan Yew proposed the idea again in 1959 – unfavorable response THE MERGING PLAN 27th May 1961: Tunku Abdul Rahman suggested the merger of Malaya with: - Singapore - North Borneo: Sabah - Sarawak - Brunei “Free
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FORMATION OF A COMPANY I. Promotion : Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation‚ advertisement and the circulation of prospectus
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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. These explanations are drawn from each other yet have different identified
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Peat Formation Peat is a partially decayed organic matter laid down in anaerobic‚ or lacking oxygen‚ conditions in wetlands. Peat forms when plant material‚ usually in marshy areas‚ is inhibited from decaying fully by acidic conditions. It is composed mainly of peat moss or sphagnum‚ but also includes trees‚ grasses‚ and other marshland vegetation. It also includes many other types of organic remains such as fungi‚ insects‚ pollen‚ and on occasion dead animals. Peat formed in very wet conditions
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and economic benefits. There are five stages of group formation and this stages explains step by step on how the groups are formed from scratch. The five stages are forming‚ storming‚ norming‚ performing‚ and adjourning. The five stages were developed by Tuckman and Jensen based on theory of group formations. Tuckman and Jensen developed this theory during a movement‚ known as group dynamics and states that no matter what the variant of formation each group exhibits‚ these stages need to experience
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around them reaches the accurate level the gene responsible for formation of biofilms gets activated. (Nadell CD‚ Xavier JB‚ Levin SA‚ & Foster KR‚ 2008). Biofilm formations have a specific arrangement that include attachment and development. At each step‚ the biofilm becomes more strongly attached and the bacteria within it become more protected from the action of antibiotics and the immune responses. The steps of biofilm formation; Step 1: attachment Within seconds‚ bacteria get
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Benham‚ Timothy ENC1101 Mon-Wed 9:30-10:45am 4-1-13 Formation of Earth and life on earth. About 4.57 Billion years ago our planet earth was formed. Earth contains many things that allows us to live. How was the Earth formed and why do we live in it is a question many of us would like to find out‚ but there are many answers to these questions and we cannot come up with a conclusion. The theory that is said to explain the formation of our earth is called the Big Bang Theory. This theory
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From the article "Racial formations"‚ Micheal Omi and Howard Winant state that race is social concept instead of biological concept. They explain that everyone views race differently and how race influence the society‚ how it is classified. The important concern the order of race is force by society‚ politics and economy. They explain that race is social concept; it is process of racial formation. Society determines the meaning of race and it is a process during which racial identity is created
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construction as the industry relies on the formation of contracts for business agreements. “Contracts are based on the idea of a bargain‚ where each side must put something into the bargain. A contract may be defined as ’an agreement which is binding on the parties’” (Galbraith‚ 1998‚ pg78). There are a number of key components which must be present in the formation of such contracts. Firstly‚ there needs to be an initial offer made by one party for the formation to begin. “An offer exists when one
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