A mixed economy means that there is a balance between private and public enterprises. In most countries‚ not just the Philippines‚ this sort of economy is preferred as it allows a mix of central control over essential services as well as allowing private companies to flourish; generating wealth and providing employment. Public services By providing high quality public services in areas such as electricity‚ gas‚ water and public transport such as roads‚ trains‚ buses and trams a degree of control
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Advantages &Disadvantages There are few advantages by change the economy system from Centrally Planned Economy or also known as socialist economy to capitalism or Free Market Economy . Competitions between firms should result in firms wanting to achieve economies of scale produce as efficiently as possible because they want prices to be as low as possible so that consumers will want to buy from them in simple understanding is making more profit by produce some goods. This shows that producer
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What type of economy is the UAE. List the features that are typical of this type of economy and provide a detailed discussion as to why you have chosen this classification. The economy of a country is the economic systems of a country which consists of the labor‚ capital and land resources that it has. An economy has economic agents that are the consumption of goods‚ production‚ distribution and exchange. The United Arab Emirates is considered as an “open economy”‚ it consists in having economic
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system attempt to allocate and make effective use of resources 2 2. Discuss the impact of social welfare and industrial policy initiatives on organizations. 3 3. Evaluate the impact of macroeconomic policy measures and the influence of the global economy on international-based organization and stakeholders. 4 B. Investigate the behavior of association and the market environment 5 4. Explain how market structures impact on the fruit association. 5 5. Use examples to illustrate the relationship between
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Body Paragraph What is the history of Major scale? At this time young musician people and children don’t know about this. They didn’t pay attention about history. But this story is very interesting and instructive. And all musician people should know this. ‘In ancient Greece‚ Pythagoras is attributed with using the prime intervals of the octave‚ the P5 and the P4 to break the octave into smaller harmonious intervals. Pythagorean tuning influenced music in the middle ages and Renaissance periods
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The Stanford-Binet Intelligence Scale Robin Snyder PSY/525 October 22‚ 2012 Alyssa Oland The Stanford-Binet Intelligence Scale This paper will cover the historical significance of the Stanford-Binet intelligence scale. This scale was originally called the Binet-Simon scale. Albert Binet and Theodore Simon together created this scale. This scale was originally created for children. Intelligence testing became significant in the 21st century as it enabled mainly schools to
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Objective Objectives of the study are as follows: 1. To translate Social Connectedness Scale into Urdu language. 2. To assess factor structure and psychometric properties of scale. 3. To establish cross language validation of Urdu translation of Social Connectedness Scale. 4. To find out convergent and discriminant validity evidence. Phase I Translation of Social Connectedness Scale For translating Social Connectedness Scale into Urdu three guidelines recommended by Brislin (1980) was followed. The translation
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Barter economy The non-cash exchange of goods and services is known as barter. Bartering was common in earlier societies‚ but is rare in an advanced economy with a stable currency. Barter usually replaces money as the method of exchange in times of monetary crisis. This can occur when the currency may be either unstable or simply unavailable for conducting commerce. A barter exchange operates as a broker and bank. In this type of exchange each participating member has an account that is debited
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TERM PAPER IN MICROECONOMICS BY: MA. DAYANARA P. MANAIG TO: PROFESSOR JOYCE COLCOL Economy of the Philippines The Philippines is a developing country in South-East Asia. In 2004‚ it was ranked as the 24th largest economy by the World Bank according to purchasing power parity. The Philippines is one of the newly industrializing countries in the world. Important sectors of the Philippine economy include agriculture and industry‚ particularly food processing‚ textiles and garments‚ and electronics
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Mixed economy Features 1. Co-existence of public and private sectors: Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined. The relative roles assigned to the public and private sector differ from economy to economy. But generally the public sector is expected to perform certain basic functions such as: (i) Development of economic infrastructures. (ii) To promote basic industries that require huge investment and are of
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