Economic Notes In a market economy ‚ actions by consumers‚ through their spending and buying‚ sends powerful messages to business firms about the types and the quantity of goods and services they should be producing. In a mixed market economy business firms reduce the power of consumer sovereignty by 1. Marketing and advertising 2. Misleading information 3. Designing products to wear out or out date quickly 4. Entering into secret agreements and to compete with each other Spend or save
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Essay Topic: Sweatshops/Child Labour Introductory Quote: "There is no beauty in the finest cloth if it makes hunger and unhappiness." - Mahatma Gandhi Thesis Statement: In underdeveloped nations‚ sweatshops may appear to improve economic growth and the lives of their workers‚ however‚ they have numerous negative repercussions on society. Controlling Idea #1: Ethical Workers aren’t given fair wages from their employer. In Bangladesh and India‚ the average sweatshop worker makes $2-$3 a day
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LABOUR COST ACCOUNTING. It is concerned with identifying the amount of labour costs to be changed to jobs and overhead accounts. Where a manufacturing organization operates a job costing system‚ information on the labour costs should be properly captured from the following documents:- i) Job Cards: This is open for each job‚ when the job is started‚ the time of starting is entered on the job card and when it is completed‚ the completion time is also entered. The difference between the two
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1. Introduction: What is Labour Migration? 2. Migration in India: Statistical Framework and Regional Disparities 2.1 Inter – state migration flows 1991-2002 2.2 Inter-state migration: socio-economic determinants 3. Who Migrates? 3.1 Female Migration 3.2 Segmentation of labour markets by ethnic group 3.3 Age Profile of Migrants 3.4 Do the poorest migrate? 4. Causes of Migration 4.1 Push Factors 4.2 Pull Factors 4.3 The Urban Informal Sector
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Journal (Conference Papers)‚ vol. 110‚ pp. C1–33. Blanchard‚ O. (2004). Explaining European Unemployment.Unemployment‚ Shocks‚ and Institutions. [online] http://www.nber.org/reporter/summer04/blanchard.html [19/11/13] Eichhorst‚ W (2013). The European Labour Market Success through flexibility and mobility . Berlin: Konrad-Adenauer-Stiftung. 19‚ 25. Jackman‚ R. "European Unemployment: Why Is It So High and What Should Be Done About It?" RBA Annual Conference Volume: Reserve Bank of Australia‚ 1998. Lorenzo
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Economics Extended Response Demand & Supply of Labour Outline the main factors that influence the demand and supply of labour for a firm. Explain how the interaction of the demand and supply of labour determines labour market outcomes. Analyse how changes in consumer tastes‚ productivity levels‚ workforce participation rates and the ageing of the population might affect the labour market. The labour market is one of the more sophisticated elements of the market economy and having an understanding
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The 12 labours of Hercules “The Labours Of Hercules” one of the most well known stories from Greek history. A story about a boy that grew into greatness. Son of Zeus‚ god of the sky‚ and Alchmene‚ granddaughter of Perseus. Hercules had never felt as much sorrow as he did on the day Hera‚ the goddess of marriage and his jealous step mother‚ had finally paid him a visit. She drove him mad making him kill his family. He instantly fell into grief when he had regained control of his mind after Hera
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USEFUL TIPS ON LABOUR LAWS Composed by P.B.S. KUMAR B.Sc‚ M.A.(PM)‚M.A.(Ind.Eco.)‚MBA(HR)‚BGL‚LLD‚PGDIRPM APPRENTICES ACT‚ 1961 CHECKLIST Object of the Act Promotion of new manpower at skills. Improvement/refinement of old skills through theoretical and practical training in number of trades and occupation Applicability of the Act Areas and industries as notified by the Central Government Sec. 1 Apprenticeship Advisor Central Apprenticeship Advisor – when appointed by Central
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less labor and will reduce its work force. http://www.s-cool.co.uk/a-level/economics/labour-markets/revise-it/the-demand-for-labour Wages The term ’wage’ has been defined as a sum of money paid under contract by an employer to a worker for services rendered. A wage payment is essentially a price paid for a particular commodity‚ viz.‚ labour services. According to the classical wage theory‚ labour
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(2004)‚ emotional labour is regarded as situation in the workplace where workers are required to shows certain emotion as a part of their job. Bryman (2004‚ p.103) describes the developing trend of presuming work as a performance‚ where workplace is seen as stage for performance‚ while workers are the actors on the stage. He states that workers’ performance that is presented to the customers is vital as it is memorable to customers. Bryman (2004‚ p.103) emphasizes that emotional labour is capable of
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