Projection is of two types – forward and backward. It is a forward projection of data variables‚ which is named forecasting. By contrast‚ the backward projection of data may be named ‘back casting’‚ a tool used by the new economic historians. For practical managers concerned with futurology‚ what is relevant is forecasting‚ the forward projection of data‚ which supports the production of an event. Thus
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The economic downturn and competition from rival Costa Coffee deepened the UK losses of coffee chain Starbucks to £9.9m in the year to September 2009‚ compared with a pre-tax loss of £1.9m in the previous year. The tough trading climate in Western Europe was predicted last year by Starbucks chief executive Howard Schultz‚ who said: "Unemployment‚ the sub-prime mortgage crisis‚ and I think consumer confidence‚ particularly in the UK‚ is very‚ very poor." (Guardian.co.uk‚ 2010) However‚ a spokesperson
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Introduction Culture is the characteristics of a particular group of people‚ distinguished by everything from language‚ religion‚ cuisine (food)‚ social habits‚ music and arts. In other words‚ it is defined as the “ the collective programming of the mind of one category of people which is different from other category of people where mind refers to the way of thinking‚ feeling and behaving”. This gives people a sense of who they are‚ their belongings and social behavior. Different anthropologists
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Running head: IMPORTANT FEATURES OF THE KINGDOM OF GOD Important Features of the Kingdom of God Important Features of the Kingdom of God Jesus Christ performed numerous miracles throughout His ministry. The teachings about the Kingdom of God in the Lucan Parables are The Soils (Luke 8:5-8)‚ The Mustard Seed (Luke 13:18-19)‚ and The Yeast (Luke 13:20-21). The Kingdom of God & yeast Jesus comes and starts to teach about the Kingdom of God. Jesus teaches in Parables‚ so the followers would
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Describe the main features of a DC electric motor and the role of each feature Part | Description | Role | Magnet(s) | Either permanent or electromagnetic. Induce a magnetic field and fit around the armature. | The magnets supply the magnetic field which interacts with the current in the armature to produce the motor effect. | Armature | The armature consists of a cylinder of laminated iron mounted on an axle. Often there are longitudinal grooves into which the coils are wound. | The armature
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Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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QUESTION 1 Discuss the features of a good tax system and review the Malaysian income tax system in relation to those relevant features. Explain how you would bring about a better tax system‚ particular with reference to personal taxation‚ if you were given such an opportunity. Taxation means the government impose charges on the citizen and corporate entities in order to finance their expenditure. Taxation is use to encourage or discourage certain economic decision such as reduction in taxable personal
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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Society’s Dilemma: Dominant vs. Subdominant Groups As human beings evolved into an intelligent species‚ organized civilizations came into existence. As these civilizations grew into more intricate societies‚ their inhabitants began to form separate groups. Eventually‚ these groups divided the population into two basic categories: the dominant and the subdominant. Often‚ the dominant group represented the majority of the population. These divisions of the population brought about turmoil within
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