THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
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Brazil Capitalism The primary question that Brazil faces as it moves into the 21st century is whether the Brazilian style of capitalism‚ which harnessed their economy towards growth as a developing economy‚ is sufficient to drive them as a developed country. Averaging 3.8% GDP growth over the last decade‚ this transition seems inevitable; Brazil has shifted from an agricultural giant to a country in which 90% of the population works in the industrial and service sectors. However‚ as they make this
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An investment bank is a financial establishment that helps businesses increase capital‚ deal with securities‚ and administer corporate mergers and acquisitions. Investment banking is considered one of the top global industries because it involves markets for securities‚ such as equities and bonds. Investment banks generally earn profits from companies and governments by issuing and selling securities‚ insuring bonds‚ and giving advice on financial transactions‚ such as mergers and acquisitions.
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Science Natural Selection/Evolution Study Guide Important People: - Charles Darwin developed the theory of evolution by natural selection after collecting and studying many organisms on the voyage of the H.M.S. Beagle. - Jean Baptiste Larmarck (1700s): he was a soldier and a biologist and an early proponent of the idea of evolution and natural laws. - George Cuvier (1800s): Was in instrumental in establishing the field of comparative anatomy through his work in comparing living
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Explain how a market orientation affects a company. Critically evaluate alternative orientations. Illustrate your answer with relevant examples. A market orientated organisation embraces activities geared towards understanding the customers needs and developing products‚ solutions and delivering services achieve superior customer satisfaction. In order to achieve a market orientated organisation‚ all business units must work and act together towards the one common goal of achieving long-term
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What is FDI? 1) FDI is not only beneficial to certain individuals of the society; it is spread through out the economy via the theory of the multiplier effect. As workers of an investing firm are paid their wages‚ they would decide to spend it on their essential needs‚ which in turn‚ become the income for other certain individuals. This cycle is repeated‚ known as the multiplier effect. This ultimately boosts the economy of Thailand raising its standard of living. 2) This investigation
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strategies by helping them to visualize the competitive structure of their markets as perceived by their customers. Typically‚ data for mapping are customer perceptions of existing products (and new concepts) along various attributes‚ perceptions of similarities between brands‚ customer preferences for products‚ or measures of behavioral response of customers toward the products (e.g.‚ current market shares of the products). Maps generated by this software are spatial representations in Euclidean space
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Trương Thành Nam Hướng dẫn: Ths. Đặng Thị Bích Thảo MSSV: 1400056 Essay project 2 Pierre Robin Sequence Introduction : Pierre Robin sequence (PRS) is a rare congenital defect‚ which was first described by Lannelongue Menard in 1891 as Pierre Robin syndrome. The word “syndrome” then was replaced by “sequence” because the pathogenesis of the condition occurs through a chain of events. The sequence include small jaw (micrognathia)‚ displacement of the tongue (glossoptosis) which consequence to airway
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Market segmentation of the Nike company Demographic Segmentation Demography segmentation they include age‚ race‚ family income‚ and education level‚ among others.Besides‚ it was observed that the majority of the respondents consist of professional from various fields like engineers‚ software professionals‚ working executive etc. who effective form 38% of our database. While 36% were students from various fields. Others constitute designers and athletes etc. the further study is carried on the buying
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As a leader in the global market‚ Singapore engages in many trade agreements with foreign countries with foreign investments into the Singapore economy making up a huge percentage of our economy. The figures in 1999 alone for foreign investments were around $31 billion. If there were to be a decrease in these foreign investments‚ a chain of reactions would follow but before explaining these reactions‚ I would like to start off with the following equation: Ad = C + G + I + (X – M) Where C is
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