Principles Of Economics Assignment Nurlisa Asyiqin Salehuddin 951123-10-6264 19295 ‚ Foundation in ICT Madam Khalidah Khalid 1.Define a market. A market is any arrangement where buyers and sellers interact with each other to determine the price and quantity of goods and services to be exchanged at a certain period . It need not be a particular place . For example ‚ Amazon.com website is a market in itself since they bring buyers and sellers together to transact goods and
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Special features of the Constitution of the People’s Republic of China The constitution of The People’s Republic of China which‚ as said before‚ contains 138 articles distributed in four chapters‚ is a written document that despite the fact that is not one of the longest constitutions‚ it stipulates the basic principles of the Chinese country’s political and social systems‚ and it occupy a position of supreme legal and respected authority. In order to deal with this document we have to understand
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by banks in India are ATM cards‚ Smart cards. Sushma patel e term plastic money has been used in different settings to describe a wide variety of payment systems and technologies (Basle‚ 1996) When implementing an plastic money a big effort ha s been made to make an plastic money as close as possible to real‚ physica l money. Okamoto and Ohta (1972) presented the following six properties of an ideal electronic payment system: • The security of plastic money does not depend on a special
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BRIBERY SCANDAL AT SIEMENS AG Abstract: This case discusses the bribery scandals that were unearthed at Siemens AG (Siemens) in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. In another case‚ the company was accused of bribing labor representatives on the supervisory board in order to gain their support for its policies. After the German authorities conducted raids
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Managerial Economics Unit 8 Unit 8 Nature of markets and Pricing of Products I Structure 8.1 Introduction Objectives 8.2 Meaning of market and market structure 8.3 Kinds of markets 8.4 Perfect competition 8.5 Monopoly 8.6 Monopolistic competition 8.7 Oligopoly 8.8 Duopoly 8.9 Bilateral monopoly 8.10 Monopsony 8.11 Duopsony 8.12 Oligopsony 8.13 Industry analysis 8.14 Summary 8.15 Terminal Questions 8.16 Answer 8.1 Introduction Efficiency of management lies in its capacity to analyze the
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Question 1: What is the significance of the pollution from plastic bags? What is the scale of this pollution problem compared to other forms of pollution? Answer: Pollution from plastic bags or bottles has involvement from the accumulated products made of plastic which in turn adversely affect the environment which consists of wildlife‚ and humans. It can affect lands‚ waterways like oceans and rivers. The biggest prominent factor for usage of plastic bags is due to inexpensiveness and durability
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social work‚ sociology‚ community‚ urban planning and design‚ criminology and even education. This paper will focus on the dominant approaches to crime prevention that is used by law enforcement‚ courts and corrections. It will compare and contrast all the dominant approaches and then analyze which are the most effective. Dominant approaches to crime prevention The dominant approaches to crime prevention for law enforcement is situational‚ social developmental‚ community‚ policing. Situational is
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Features of Perfectly Competitive Market The following seven features characterize perfectly competitive free markets: 1. There are numerous buyers and sellers‚ none of whom has a substantial share of the market. 2. All buyers and sellers can freely and immediately enter or leave the market. 3. Every buyer and seller has full and perfect knowledge of what every other buyer and seller is doing‚ including knowledge of the prices‚ quantities‚ and quality of goods being bought or sold.
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THE TYPICAL FEATURES OF AZTEC CULTURE The United State of America‚ which is situated in North America‚ is the federal republic country consisting of 48 contiguous states and the non-contiguous states of Alaska and Hawaii. American culture is known as a melting pot or a salad bowl for its multiethnic society; however‚ two flows that have the greatest domination of it is European ideals‚ especially British; and domestic originality. Within it‚ the Aztec has left a significant mark on American culture
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- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
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