UNIT-1 1.Define Economics and Explain the term Industrial Economics . The father of Economics Adam Smith economics as ‘An inquiry into the nature and causes of the wealth of nations’ According to Alfred Marshall ‘Economics is the study of mankind in the ordinary business of life‚ it examines that part of individual and social action which is mostly connected with the attainment and with the use of the material requisites of well being. Explanation- Economics is the study of man’s actions in
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intellectual Property Law Industrial Property and Ethics The transition to a new stage of social development is impossible without respect and promotion of creative and scientific activities. Consumer society stimulates the development of new technologies and manufacturing them in new products. Thereby‚ our society needs in a clear legal regulation of such legal institution as intellectual property rights. Intellectual property is usually divided into two branches‚ namely industrial property and copyright
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The Industrial Revolution was a transformation in Great Britain during the 18th and 19th century that involved great innovations in technologies‚ manufacturing‚ agriculture‚ and transportations. Changes in government‚ society‚ and trade also proved that the Industrial Revolution was a period of time where new ideas thrived and that countries around the world were greatly affected. The immense growth in population‚ which mainly consisted of workers and laborers‚ the effective waterways and abundant
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Advantages and Disadvantages of information technology in Business Advantages: Increases production and saves time: Business use technology to automate tasks. A good example is a bakery which uses automated temperature censors to detect any drop or increase in room temperature in a bakery. These censors will send information directly to the operator and report any temperature change. This saves the bakery time and it also results into quality products. Improves communication through communication
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Industrial Revolution Economy QUESTIONS – 2005 – What do you understand by the term‚ industrial revolution? How do you account for its varying pace in Britain‚ France and Germany? 2006 – Highlight the variation in the pattern and pace of industrialization in Britain France and Germany between 1830-1914. 2009 – Describe the various factors which determined the divergent pace and pattern of industrialization in the 19th century. 2010 – In what ways was the experience of industrialization different
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in technology‚ society‚ medicine‚ economics‚ education‚ and culture occur. From 1750 to 1830‚ industrialization began in England during the Industrial Revolution where there were major changed in agriculture‚ manufacturing‚ mining‚ and transport which also had a big effect on the social and economic conditions in Europe. The Industrial Revolution then spread throughout Europe‚ North America‚ and eventually‚ the whole world. The Industrial Revolution was a turning point in society because it influenced
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It is true that the internet has made it possible for us to do a lot of things easily; it has a lot of advantages as well as disadvantages to name some of the advantages the internet provides us with unlimited communication and information everything we need to look that can be done just by one click away on the internet. You can even keep in touch with your friends‚ share thoughts
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Industrial Disputes Act‚ 1947 Industrial Disputes Act‚ 1947 Preamble: “ To make provisions for investigations and settlement of industrial disputes”. Objects as analysed by the Supreme Court: a. Promotion of measures for securing amity and good relations between employer and employee b. Investigation and settlement of disputes between employers and employers‚ employers and employees and employees and employees c. Prevention of illegal strikes and lock-outs d. Relief to workmen in matters
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Although the industrial revolution was unstable it created lots of manufacturing process in the years of 1760 and 1820 and 1840. The Industrial revolution was not beneficial for women because women weren’t really able to work.Women were only aloud to work in the house.For example ‚ clean the house raise and take care of the children and cook for the husband and children and do the laundry women in the industrial revolution did not really have time to socialize. If there were able to have the option
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Discuss the advantages and disadvantages of living in a highly surveillanced society in relation to crime and criminalization. By Suzanne Foster. The use of surveillance has dramatically increased in the United Kingdom since 1994. Since this time surveillance has become an integral part of the government’s crime prevention strategy. For example‚ the U.K uses more CCTV cameras per head of population than anywhere else in
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