FUNCTIONS OF MONEY Money is something that people use every day. We earn it and spend it but do not often think much about it. Economics define money as any good that is widely accepted as final payment for goods and services. Money is so common that we rarely think about what it is. The characteristics of money include durability‚ divisibility‚ portability‚ and scarcity. Money acts as a unit of account‚ medium of exchange‚ and a store of money. First money is a store of value. Store of value
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The Teaching of English as a Second Language (ESL) in Japan I first came to Japan in mid July 1999. I was selected‚ in Ireland‚ to be an instructor on the Japan English Teaching (JET) Programme. The JET Programme is a Japanese government scheme to promote the teaching of English in schools all over the country. How? Invite 3‚000 foreigners every year to help teach the language‚ about 50 of whom come from Ireland. Japan is a country where the same political party (the LDP) was in power for
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With an adult literacy rate exceeding 99 percent‚ Japan ranks among the top nations in the world in educational attainment. Schooling generally begins before grade one in preschool and is free and compulsory for elementary and junior high school (grades 1 through 9). More than 99 percent of elementary school-aged children attend school. Most students who finish junior high school continue on to senior high school (grades 10 through 12) about 95precent. Approximately one-third of senior high school
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the opportunity cost‚ unemployment‚ discouragement of investment and savings‚ and shortage of goods. Positive effects include the reserve bank adjust their real interest rates and encourage investment in non-monetary capital projects. However the economics in today’s time believe that an economy is said to be in a favorable and a stable condition only if the inflation rate is steady or favorably low(as compared to zero or negative). Most of the most developed countries have managed sustain an inflation
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ECON 310 06 June 2014 Project 1: Construction and Microeconomics With a college degree in the study of Construction Management‚ an understanding of how the construction industry impacts the economics of a country and or the world‚ is essential knowledge for practitioners within this industry. When a construction project is in operation the easiest for all to see at the work site is the amount of people participating in the development. Seldom does anyone take the time to understand the total
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In economics‚ there are many fallacies that exist. In relation to economics‚ a fallacy is a policy or theory that can be misleading if based on faulty reasoning yet is still accepted by many as fact. Economists attempt to use information based on statistics and facts in order to hypothesize relevant theories. Due to the fact that economists and others that are involved in making decisions on economic policies are human‚ human error can occur. As a result‚ policies put in place that seemed logical
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Levi Strauss Japan K.K. 1993 Marketing Strategy Levi Strauss Japan’s marketing strategy in 1993 had served the company well to gain market share up to this point in time. LSJ focused on the young male consumers of Japan. The company portrayed the jeans as fashion-forward American wear through TV commercials and men’s magazines. The distribution channels were also increasing‚ including urban specialty jean shops and suburban national chain stores. LSJ also sold vintage American jeans as well as
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(ideally) service more than one outlet. The reduction in transportation costs become direct savings to the owners‚ unlike product savings (that run through the production and sales process leading to a few %). Seven-Eleven’s supply chain strategy in Japan can be described as attempting to micro-match supply and demand using rapid replenishment. What are some risks associated with this? Micro-matching supply and demand using rapid replenishment has plenty of risk associated with it. It assumes each
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Task One Malaysia as we seen has undergone a lot of changes. During 1980 ’s there isn ’t any much hypermarket and Jaya Jusco or now know as Jusco was one of the very first Hypermarket to be opened in Malaysia. As time flies by‚ Malaysia is now occupied by quite a number of other Hypermarkets like Tesco‚ Giant‚ Carrefour and Mydin. All this bring choices to the consumers in Malaysia as all these Hypermarkets are competing with each other. Retailing is one of the factors that bring growth to Malaysia
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Money Market on the Nigerian Economic Development Mr. Okpe Innocent Ikechukwu Department of Accountancy‚ Enugu State University of Science and Technology‚ Enugu‚ Enugu State of Nigeria Abstract The objective of this study is to examine the impact of money market on the Nigerian economic development; it has been prepared as a contribution to the quest for promotion of entrepreneurship as an engine growth. To access the multidimensional role and medium scale enterprises in bringing out rapid industrialisation
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