1. Distinguish between an absolute advantage and a comparative advantage. Cite an example of a country that has an absolute advantage and one with a comparative advantage. Absolute advantage is when a monopoly exists in a country when it is the only source and product of an item. Meanwhile‚ a comparative advantage is when a country can supply products more efficiently and at a lower cost than it can produce other items. South Africa has an absolute advantage because of its diamonds. The United States
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External Factors Affecting Brighton Medical Center Wesley Hill University of Phoenix Introduction Brighton Medical Center‚ also known as BMC‚ has been serving the Salt Lake City Community for over seven years. There have been many internal and external factors that have defined the organization and its size‚ structure‚ and organizational processes. This essay will introduce the four main internal and external factors that have
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communication‚ the verbal communication and the other is the Non-verbal communication. Being a Filipino‚ it is the “lingua franca” of social‚ Professional and the business word as able to develop one’s proficiency in English. However‚ what are the factors that affect poor communication skills of most students especially at PCCr (Forth year criminology students) and some other colleges? In addition‚ what is the Importance of it in their future field of work? As an English student‚ one studies literature
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of capital.(Keynes said that) AD- CONSUMPTION‚INVESTMENT‚GOVERNMENT DEMAND At height of prosperity‚while consumption and investment (30 to 35%) Invest ment percentages came down...consumption didn’t (check empirical data) Check psychological factor of consumption..... Unemployment vs output rationality Based on the definition of unemployment Keynes theory Fiscal theories based on Keynes theory Upto 1970s everything was good. Then oil shock came up. “Philips curve relationship” Then
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INTRODUCTION Tourism industry is now one of the major industries in the Philippines; according to President Aquino it employed 3.8 million Filipinos or 10.2 % of national employment in 2011 and contributing 8 % to 9 % of our national GDP. Now‚ let’s take a closer look to those behind this boosting industry. There are many aspects that tourism industry is progressing in our country and one of that is tour guiding. Many people say that tour guiding is just an easy job‚ they just have to say “look
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Factors Affecting Business Performance Internal Innovation in the technology and the response of employees is considered of the most important factor affecting the business environment. In the case of this firm‚ which is in a way part of the growing IT industry it is necessary to give response to every change in the technology. The employees or the software engineers are not that much trained as the new technology comes and their expertise becomes outdated. External The political environment and
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1. FACTORS AFFECTING LABOR AND DELIVERY PROCESS • LABOR– a coordinated sequence of involuntary uterine contractions that results in effacement and dilatation of the cervix and voluntary bearing down efforts that result in birth. • The process of moving the fetus‚ placenta‚ and membranes out of the uterus and through the birth canal. • DELIVERY-the actual expulsion of the products of conception (fetus and placenta). • Uterus sinks downward and forward about 2 weeks before term‚ into the true
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Macroeconomic Forecast Outline Macroeconomics is‚ "the part of economics concerned with the economy as a whole; with such major aggregates as the household‚ business‚ and government sectors; and with measures of the total economy" (McConnell & Brue‚ p.13). "Two of the most critical questions in macroeconomics are: (1) What determines the level of GDP‚ given a nation ’s production capacity? (2) What causes real GDP to rise in one period and to fall in another?" (McConnell & Brue‚ p.72). So
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FACTORS AFFECTING DELEGATION OF AUTHORITY IN PRIVATE ORGANIZATIONS IN KENYA: A CASE STUDY OF BLUE NILE WIRE PRODUCTS LIMITED BY CHAO RITA MWEMBA A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DIPLOMA IN BUSINESS MANAGEMENT TO THE KENYA INSTITUTE OF MANAGEMENT SEPTEMBER 2014 declaration declaration by the student This research proposal is my original work and has not been presented to any other examination body. No part of this research should
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Automobile Industry Hailed as ‘the industry of industries’ by Peter Drucker‚ the founding father of the study of management‚ in 1946‚ the automobile industry had evolved continuously with changing times from craft production in 1890s to mass production in 1910s to lean production techniques in the 1970s. The Asian countries‚ mainly by Japan‚ China and India‚ registered a 9% increase in production over last year‚ constituting 35.9% of the global production. In fact China and India posted positive
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