is difficult in a global economy characterized by cut throat competition‚ increasing cost‚ expanding power of labour‚ rapid technological changes‚ growing customer expectations etc. Human resources are wealth of an organization which can help in achieving its goals. The problem of employees satisfaction is regarded as a very significant factor in workers morale‚ absenteeism and labour turnover. The amount of co-operation that management may deceive from the employees would depend greatly on the
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PRODUCTION Production Creation of Utilities Utility: want satisfying capacity of a commodity Types of utilities: T f ili i Form utility Place utility Time utility Possession utility Service utility Knowledge utility The Production Function The production function refers to the physical relationship between the inputs or resources of a firm and their output of goods and services at a given period of time. time. The production function is dependent on different time frames. Firms can produce
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CAPITAL FORMATION CAPITAL: Capital is defined as a physical reproducible factor of production. FOUR FACTORS OF PRODUCTION: LAND‚ LABOUR‚ CAPITAL & ORGINIZATION LAND Gets Rent==►LABOUR Gets Wages==►CAPITAL Gets Interest‚ ==►ORGANIZATION Gets Profit. CAPITAL FORMATION: is the act in which society dose not consume all of its income in day to day expenses but manages to save some of its income for farther investment (Output‚ Yield)Y = Consumption (C) + Saving (S) ==► (Investment) I Y =
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Capital Valuation FIN419 May 22‚ 2012 Dan O’Shea Capital Valuation Write a 1‚050- to 1‚750-word paper in which you justify the current market price of the organization’s debt‚ if any‚ and equity‚ using various capital valuation models. Complete the following in your paper: The valuation of a company is planning‚ making decisions‚ and strategy. A way of building confidence and worth in a company is by putting a value on it‚ so that it shows sustainability. We will use the P&G annual report
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rationing in 1950.India retained public distribution system of food grains as a focused social policy in 1951. in the First Five Year Plan‚ the scope of PDS was broadened to cover all such areas which suffered from stable food shortages. However food production dropped in the year 1958 when the 2nd plan had just commenced. This factor forced the government to restart procuremetn of food grains and cereals and control on trading of food grains. India’s Food Security System with a network of 4.78 lakhs fair
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Alienation of labour is constantly occurring in capitalist societies whether or not we think it is. In order to understand what alienated labour is one must first understand the difference between labour and labour power. Labour is the purposive human activity whereas‚ labour power is the power to labour over an agreed period of time‚ typically in exchange for wages. Braverman explains that capitalism compels people to enter the market for survival and to make decisions based on calculations
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According to Sloman‚ (2004)‚ production is the transformation of inputs into outputs by firms in order to earn profit. Production can be divided into two types‚ that is short-run production and long-run production. Production in the short-run is the production period of time over which at least one factor is fixed as production in the long-run is the production period of time long enough for all factors to be varied. As mentioned by Sloman‚ (2004)‚ production in the short-run is subject to diminishing
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Sociology report Child Labor Assigned by Dr. Javed Husain Group: Abdullah Hashmi (18016) Dedication: I would like to dedicate this report to our parents. Without their love‚ efforts and support I had not been able to become what I am right now. They have supported me all the way from beginning. They had been the great source of motivation and inspiration. Letter of acknowledgement: This is to acknowledge that the research I conducted‚ under the supervision of “Dr. Javed Hussain”
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Theory of Labour Demand The standard models of labour demand in economics refer to the neoclassical marginal productivity theory of demand. According to this model‚ there are several simplifying assumptions must be made‚ which are: Goal of business firms is to maximize profit Two goods produce There are only two factors of production (capital and labour) to produce its product. Firm operates in perfectly competitive product and labour market. Wages represent the only cost of labour and that
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1. Labor Demand curve for Perfect Competition and Labor Demand for Labor for Imperfect Competition * Table 1.1 Demand for Labor: Firm selling in a Perfectly Competitive Product Market Units of Labor | TP | MP | Product Price‚ P | Total Revenue‚ TR | MRP (TR/L) | VMP (MP*P) | 4 | 16 | | $2 | $32 | | | 5 | 28 | 12 | 2 | 56 | $24 | $24 | 6 | 37 | 9 | 2 | 74 | 18 | 18 | 7 | 43 | 6 | 2 | 86 | 12 | 12 | 8 | 46 | 3 | 2 | 92 | 6 | 6 | 9 | 48 | 2 | 2 | 96 | 4 | 4 | * X- Axis
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