choosing one option‚ item‚ good‚ or service over another‚ opportunity cost is the value of what is foregone in order to have the alternative option. More simply‚ the opportunity cost of an item is the benefits you could have received by taking an alternative action. Every decision that involves a choice between two or more options has an opportunity cost. Opportunity costs are not limited to fiscal or monetary costs‚ the value or opportunity not chosen can take many forms including lost time‚ foregone
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well known as the Land of Opportunity because it provides individuals with many different options in life so they can achieve anything they set their mind to‚ no matter who they are‚ but is everyone today given that equal right to each opportunity? According to the dictionary equal opportunity is “the policy of treating others without discrimination‚ especially because of sex‚ race‚ or age”. Therefore in my opinion‚ I do not think America is really the ‘land of opportunity’ for all people equally.
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Are You Proud of Your Country? I wonder if I could walk up to a person and ask‚ “Are you Proud of Your Country?” and see what they would say. What some people don’t realize is that they are really lucky to live in a country as great as ours. The United States is a free country that is protected by laws and amendments. The laws are to ensure our safety as people‚ and the amendments are to ensure that we are treated as we should be‚ and to provide something that hasn’t been declared in the Constitution
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geography: mr youngs | Brazil: Developed or developing? | A handbook into the country of Brazil | | By Courtney Duffin-Hall | 12/10/2012 | | INTRODUCTION Brazil is situated in South America‚ and is home to the Amazon River. It is bordered by several countries including Uraguay‚ Paraguay‚ Chile and Bolivia. It has a population of approximately 198‚739‚269 and is home to 13 cities containing a million people in all of them together. The main capital is Brasilia; however it used
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Do you agree with the modernisation theorists’ assumption that development involves a process of modernisation? Modernisation theory is an understanding and explanation of the process of transformation from the traditional or so called “underdeveloped” societies to modern societies. From reading the theorists work surrounding the topic of modernisation it is believed that modernisation is the process change towards those types of social‚ economic and political systems that have been developed in
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The effect of education on the development of different countries As the increasing demand for skilled workers‚ more attention has been paid to education. Education has been developing follow the step of humanity which affects knowledge‚ skills and attitude from one generation to the other (Compayre and Payne‚1899) and interacts on the progress of civilization. The impact of the rapid growth of education is felt at institutional‚ national and international levels‚ and these are inter-related.
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college‚ picking a major‚ and then the pursuit of a career affect the rest of an individual’s life. College students often receive a great deal of advice‚ from many different people‚ concerning their career. There are many people that give the advice‚ “Do what you love‚” while‚ in contrast‚ other people will give the advice‚ “Do what makes money.” These two pieces of advice are very conflicting and it brings up the argument - should you do what you love or what makes the money? For both sides of the argument
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of a worldwide pattern. Most developing countries have long ago placed the strengthening of sub-national government on their development policy agenda. Decentralization is an important part of the transition strategy for many former socialist countries. Some industrialized countries are retuning their fiscal decentralization (Canada) while others have introduced major new initiatives in recent years (Japan‚ Spain). In this paper‚ we consider the costs and benefits of fiscal decentralization
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Managing Gender Issues in Corporate Author: Shobhna Jha ‚Asst Prof‚ Sabar Institute of Management Dr B. K Nirmal‚ Prof‚ Sabar Institute of Management Gender equality refers to the equal valuing of the roles of women and men. It works to overcome the barriers of stereotypes and prejudices so that both sexes are able to equally contribute to and benefit from economic‚ social‚ cultural and political developments within society. Traditionally‚ there was a misconception about woman’s ability to balance
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|TM-------- | |REPORT ON THE NEED TO REVIEW THE LOCAL ECONOMIC DEVELOPMENT STRATEGY FOR NKANGALA DISTRICT MUNICIPALITY | |REPORT OF THE ACTING MUNICIPAL MANAGER
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