Planned Economy: "The social good" In a planned economy‚ the factors of production are owned and managed by the government. Thus the Government decides what to produce‚ how much to produce and for whom to produce. Features: • All resources are owned and managed by the government • No consumer OR producer choice • The market forces can’t set the price for goods or services • Profit is not the main objective‚ the government aims to provide services and goods to everybody • Government decides
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Merit Pay for Teachers Around the world children are taking tests that could potentially lower their grades. In some cases‚ those test scores may also determine how much the teachers get paid and acknowledged. It can be questioned weather or not merit pay is a productive system for the education industry. Individuals that disagree may say or believe that it will be harder to hire new staff‚ it lacks fairness‚ and question if it indicate how well the children learn. However‚ it is crucial that we
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incentives like merit pay can lead to risky behaviors and bad outcomes in our educational system. It is my belief that incentives like higher pay alone is never sufficient enough to motivate teachers or anyone with a real passion for their vocation to perform better. I find myself in the court of public opinion that incentives like money are a short time motivator for most people. I have looked at research material and information from experiments and initiatives to implement incentives like merit pay or
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Draft April 5‚2014 Teacher’s Salaries Based on Their Performance in Class The idea of merit pay originated in the year 1950 (Turner‚ 2010). Other industries are often using performance based pay in order to reward their employees‚ and one field that uses these methods is professional athletes. There are very few fields where employees can work “as they wish” (Solmon & Podgursky‚ 2000). Originally‚ using merit pay in the teaching field failed due to the lack of buy-ins from districts and also due
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Shakespeare’s plays have long been regarded as works of literary merit due to their complexity and thematic depth‚ as well as their universal appeal and ability to stand the test of time. One of Shakespeare’s most renowned plays‚ The Tragedy of Hamlet‚ Prince of Denmark‚ subsequently referred to as Hamlet‚ is an ideal example as it satisfies the requirements of literary works of merit. Complexity is a characteristic of literary merit found in Shakespeare’s works‚ and most evidently‚ in his characters
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Which is best for the economy: employment stability or employment flexibility? A recent article in the ILO’s International Labour Review analyzes the relationship between employment stability and productivity in six major sectors in 13 European countries. According to the authors‚ both‚ extensive and short job tenure can produce adverse affects on productivity. They propose a policy of ’protected mobility’ on the labour market‚ together with active labour market policies seeking to combine both
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Contents TOC \o "1-3" \h \z \u 1. Introduction PAGEREF _Toc389290771 \h 12. Theoretical framework PAGEREF _Toc389290772 \h 13. Factors of market selection for transnational corporations in China PAGEREF _Toc389290773 \h 23.1 Factor from inner strategic motivations PAGEREF _Toc389290774 \h 33.1.1 Market-seeking motivation PAGEREF _Toc389290775 \h 43.1.2 Efficiency-seeking motivation PAGEREF _Toc389290776 \h 43.1.3 Resource-seeking motivation PAGEREF _Toc389290777 \h 53.2 Location factors PAGEREF
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This paper investigates the economy structure‚ the situation and structure of the energy market and the national energy strategy of Slovenia‚ the impact and effects of the current ETS and of the new ETS proposal on Slovenia and Slovenia ’s position and priorities concerning the Commission proposal 1. Economy situation Slovenia‚ with its small transition economy and population of approximately two million‚ is a model of economic success and stability for its neighbors in the former Yugoslavia
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education has resulted in increased pressure on HR personnel to incentivize teachers. Over the last two centuries research shows varying degrees of initiation of merit pay. The 21st century has the pendulum swaying back toward the idea of finding a way to incent teachers for student achievement. Gratz ( 2005) discusses merit pay and performance pay being used synonymously and over a long period of time. The range of his study goes back to 1710 in England where children’s test scores in reading
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The Use of Merit Pay and Incentives The purpose of this paper is to explore the use of Merit Pay and Incentives as motivators for increased productivity. The key focus is the system at Richmond Memorial Hospital. To do so‚ one must begin at the beginning .. The use of financial incentives (financial rewards) paid to workers whose production exceeds some predetermined standard was popularized by Frederick Taylor in the late 1800s. As a supervisory employee of the Midvale Steel Company
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