Which is best for the economy: employment stability or employment flexibility? A recent article in the ILO’s International Labour Review analyzes the relationship between employment stability and productivity in six major sectors in 13 European countries. According to the authors‚ both‚ extensive and short job tenure can produce adverse affects on productivity. They propose a policy of ’protected mobility’ on the labour market‚ together with active labour market policies seeking to combine both
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1 (A)Explain the main characteristics of a market economy‚ also called the "free market economy" and "free enterprise economy" is an economic system based on the distribution of economic goods where private individuals own the factors of production (land‚ capital‚ labor and enterprise) and decide what to produce. Prices of goods and services are determined in a free price system guided by the function of demand and supply. For example‚ the price of thick jackets will drop in summer because there
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The early parts of the Industrial Revolution played a huge role in transforming American society. During this time‚ Americans set the standard for what was going to be the future of the United States. There are a multitude of ideas that could be understood as ideas that transformed American society‚ but in my mind there are five ideas that developed the United States into the country we are today more than all of the rest. Primarily‚ the change in agricultural output led to the change in the need
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paper explores a marketing approach for promoting the concept of ecological communities. Through an examination of the pilot ecological community project in Tainan Salun High Speed Rail Station of Taiwan‚ this study identifies the core values‚ target markets‚ and the demand of services of ecological communities. By incorporating research methods involving interviews‚ field survey‚ STP analysis‚ and a questionnaire survey‚ this study finds that the demand of the facilities and services of ecological communities
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5th-999740945 The Industrial Revolution was vital for the development of Britain in the late 18th century and the beginning of the 19th century. Analysts continue to ask what conditions brought about the Industrial Revolution as they believe recreating those conditions might generate economic development in contemporary economies. The three factors that proved most prominent in Britain’s ascension were: colonial influence on markets‚ numerous effective government market interventions‚ and the cultural
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The Opium Wars of 1839 to 1842 and 1856 to 1860 marked a new stage in China’s relationship with the West. The conflict erupted out of pre-existing tensions between the two global superpowers‚ China and Britain‚ as they grew increasingly important to each others’ economies through trade over the past century. Their interactions bred a serious imbalance and one-sided dependence; the British demand for Chinese goods‚ particularly tea‚ porcelain and silk‚ far outweighed the corresponding Chinese demand
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Q4 2011 www.businessmonitor.com VietnaM agribusiness report INCLUDES BMI’S FORECASTS issn 1759-1740 published by business Monitor international Ltd. VIETNAM AGRIBUSINESS REPORT Q4 2011 INCLUDES 5-YEAR FORECASTS TO 2015 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: September 2011 Business Monitor International 85 Queen Victoria Street London EC4V 4AB UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 email: subs@businessmonitor
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Disadvantages of the CARICOM Single Market and Economy (CSME) CARIBBEAN INTEGRATION Introduction Throughout the world many countries have tried to form strong alliances for varying reasons and among the top of that list would be for war and trade. The Caribbean as a region has found it necessary to form such an alliance‚ not for war but for trade. The need for such alliance gave way to the birth of a Single Market for the Caribbean region - The CARICOM Single Market and Economy (CSME). In order to understand
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Contents TOC \o "1-3" \h \z \u 1. Introduction PAGEREF _Toc389290771 \h 12. Theoretical framework PAGEREF _Toc389290772 \h 13. Factors of market selection for transnational corporations in China PAGEREF _Toc389290773 \h 23.1 Factor from inner strategic motivations PAGEREF _Toc389290774 \h 33.1.1 Market-seeking motivation PAGEREF _Toc389290775 \h 43.1.2 Efficiency-seeking motivation PAGEREF _Toc389290776 \h 43.1.3 Resource-seeking motivation PAGEREF _Toc389290777 \h 53.2 Location factors PAGEREF
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An economy or economic system consists of the production‚ distribution or trade‚ and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals‚ businesses‚ organizations‚ or governments. Transactions occur when two parties agree to the value or price of the transacted good or service‚ commonly expressed in a certain currency. In the past‚ economic activity was theorized to be bounded by natural resources‚ labor‚ and capital
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