1. What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Microeconomics is the study of how an individual‚ group or a company makes their decisions while macroeconomics is the study of how decisions are made on a whole‚ which involves growth‚ inflation‚ use of country resources and unemployment; focusing on broad issues. Microeconomics and macroeconomics goes hand in hand‚ they compliment each other. The decisions
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their global restaurants to appeal to the cultural differences. For example‚ they serve lamb burgers in India and in the Middle East‚ they provide separate entrances for families and single women. * Approximately 85% of McDonald’s restaurant businesses world-wide are owned and operated by franchisees. All franchisees are independent‚ full-time operators and McDonald’s was named Entrepreneur’s number-one franchise in 1997. They have global locations in all major airports‚ and cities‚ along the
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8th March‚ Friday 2013 A Study on Human Resource Management Practices in KSRM Steel Plant Limited. Md. Sazzad Bin Rashid Roll no: 296‚ 11th batch(9th) 2nd Semister‚ EMBA for Engineers‚USTC. Abstract Human resource management practices are now considered as one of the key contributing factors to the success of an organization. The organizations are putting increased emphasis on the policies and practices of HRM to gain competitive advantage. Throughout the whole case study several HRM
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Written Assignment Q1) Corruption percentage index is created in 1995 by Transparency International and ranks countries and territories based on how corrupt their public sector is perceived to be. A country’s score can be indicated on a scale of 0-100‚ with 0 perceived as being the most corrupt and 100 perceived as very clean. Past statistics has shown that UK and Mexico had a corruption index of 74 and 34 in 2012‚ 78 and 30 in 2011 respectively. This indicates that Mexico has a higher level of
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Samantha Becicka Macro Study Guide Chapter 3 1 We have scarce resources so in our choices of consumption we wish to maximize the satisfaction we receive from those choices. The economist terms this maximizing the __utility_________ 2 Since it is unlikely that we can grow our own food‚ sew our own clothes or build our house‚ it would be better if we would __specialize___ in what we do best and __exchange_ for those needs that others do better 3 The term _product market___ is a place where and
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interest rate played an important role of government monetary policy. It can affect a lot of macro economy factors‚ such as the level of consumption and investment‚ inflation‚ exports‚ imports and aggregate demand (Wikipedia http://en.wikipedia.org/wiki/Interest_rate 3.12.2011). In this assignment‚ I will discuss if the UK monetary policy committee increased the interest rate‚ what and how it will be affected in macro economy with two different views argued by Keynesians and Monetarists. Firstly the
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How Technology is affecting our society. Is technology negatively affecting our society? There are many reasons it helps us positively‚ but is outnumbered by the reasons it hurts us. We need to find a way to fix this problem of ours that has hurt us in so many ways. One of the biggest ways that technology negatively affects society is making our society more obese and overweight. How? With technology taking over our lives people are being way less active and not getting the right amount of exercise
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Introduction: E- Commerce is a phenomena that is emerging rapidly between businesses all over the world‚ and it has affected the businesses at all sizes in many aspects. This research is looking at the small businesses‚ and its importance in the market and economy‚ EC and its benefits and limitation‚ and what impact has electronic commerce had on the businesses. Small Business: Definition: A small business may is a business with a small number of employees. The definition of "small business" often
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and must have an official address. Private companies have Ltd after their name. They are normally smaller than public companies. Shares in a private company can only be bought and sold with permission of the Board of Directors. Franchises are businesses in which someone gets formal permission given by a company to sell its goods or services in a particular
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Macro-Environmental Factors Vietnam is a peninsula‚ which located in the Southeast Asia monsoon zone. Its long narrow territory stretches 1700km from north to south and in the center a mere 50km from east to west‚ the territory looks like a dragon stand at east of the Indo-Chinese peninsula. The coastline‚ which extends for 3260km‚ has fine beaches and archipelagos. It not only has beautiful landscape attracts countless tourists and also can get rich seafood‚ provided favorable conditions for raw
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