are resources also called factors of production? Why are they called inputs? Economic resources are natural‚ human‚ and manufactured resources that go into production of goods and services. Economists classify economic resources into four general categories land‚ labor‚ capital‚ and entrepreneurial ability. Resources are called factors of production because land‚ labor‚ capital‚ and entrepreneurial ability are combined to produce goods and services. Another name for factors of production is inputs
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‘’The impact of motivational factors on the employee’s commitment and their work performance’’ Managing People CB682 Eirini Emmanouilidou Login: ee88 Seminar Leader: Faiza Ali Today’s organizations and companies want their enterprise to be around in the future‚ successful and sustainable; avoiding the risk of performance or any negative effect. They consist of employees known as personnel that turned into human resources. Some of the major factors shaping the outcome are
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Although both GDP and HDI measure the standard of living in a nation through one statistic‚ GDP is less comprehensive than HDI‚ making it not reflect societal well-being as all-rounded as HDI. GDP show total income of a country‚ indicating that only economic growth is taken into consideration. However‚ through means and expected years of schooling‚ life expectancy at birth and gross national income per capital‚ HDI can cover three dimensions: education‚ health and living standard‚ making HDI serve
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Introduction 3 2. External macro-environment 3 2.1 Social and cultural forces 3 2.1.1 Changing gender roles 3 2.1.2 Attitude towards health‚ nutrition and well-being 3 2.1.3 Cultural beliefs in a country 4 2.2 Technology 4 2.2.1 Advantages of technology 4 2.2.2 Disadvantages of technology 5 2.3 Demography 5 3. Conclusion 6 4. References Lists 7 1. Introduction This report is discussing about how three major forces of macro environment affecting an organisation’s
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South Asia‚ which consists of the nations of Bangladesh‚ Bhutan‚ India‚ Maldives‚ Nepal‚ Pakistan‚ and Sri Lanka‚ is ethnically diverse‚ with more than 2‚000 ethnic entities with populations ranging from hundreds of millions to small tribal groups. South Asia has been invaded and settled by many ethnic groups over the centuries - including various Dravidian‚ Indo-Aryan and Iranian groups - and amalgamation of Dravidian‚ Indo-Aryan and native societies has produced composite cultures with many common
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Serikbay 1 Moldir Oskenbay English group 110 History of Kazakhstan 24 september 2014 Geography of central Asia 24.09.2014 Central Asia is the core region of the Asian continent and stretches from the Caspian Sea in the west to China in the east and from Afghanistan in the south to Russia in the north. It is also sometimes referred to as Middle Asia‚ and‚ colloquially‚ "the ’stans" (as the six countries generally considered to be within the region all have names ending with
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Introductory Microeconomics 2008 Exam Solutions Section A 1. C |Hours of tutoring per week|Total Opportunity cost |Marginal Cost |Wage Payment (Marginal | | | | |Benefit) | |0 |0 | | | |1 |$20 |$20 |$50
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Macro Business Environment: There are many different environments in marketing which will influence how successful a product will be. With a well rounded marketing plan‚ and taking into account the many different aspects of the environment any product can have a chance at success. The air blade fits extremely well into the macro business analysis. Aspects such as trends technology‚ economic‚ natural area‚ cultural will domestic will be discussed . Every area in the macro business environment is
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and firms make choices‚ how they interact in markets‚ and how the government attempts to influence their choices. Macroeconomics: The study of the economy as a whole including topics such as inflation‚ unemployment‚ and economic growth. Micro and macro are closely interwined because changes in the overall economy arise from the decisions of individual households and firms. CHAPTER 2 Trade off: The idea hat because of scarcity‚ producing more of one good or service means producing less
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Mathematically it is written as: C = C + c(Y – T) C: Consumption Spending C: Exogenous Consumption c : Marginal Propensity to Consume (0 < c < 1) Y: Aggregate Income T: Taxes Explaining the main components: Exogenous consumption: factors other than disposable income that affect consumption. So when consumers feel optimistic about their future‚ they will generally spend more and save less at any given level of disposable income. Reversely if consumers feel pessimistic about their future
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