the economy’s resources are being used as effectively as possible to satisfy people’s needs and desires. Thus‚ the essence of economics is to acknowledge the reality of scarcity and then figure out how to use these resources to produce the maximum level of satisfaction possible with the given inputs & technology. Any problem marked by scarcity of means and multiplicity of ends‚ becomes ipso facto an economic problem‚ and as such‚ a legitimate part of the science of economics. MICROECONOMICS
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Micro-Counselling Skills Micro-Counselling Skills are specific aptitudes that a counsellor can utilize to enhance their therapeutic alliance and establish a foundation for communication with their client (AIPC‚ 2009). These skills can each be learnt individually and when mastered‚ empowers a counsellor to effectively construct a working relationship and engage clients in discussions that is both helpful and meaningful. Rapport Building Rapport Building is the first step in initiating a therapeutic
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indirectly affect the entire economy and all of its participants‚ including your business. These factors include such things as: Interest rates Taxes Inflation Currency exchange rates Consumer discretionary income Savings rates Consumer confidence levels Unemployment rate Recession Depression Microeconomic factors influence how your business will make decisions. Unlike macroeconomic factors‚ these factors are far less broad in scope and do not necessarily affect the entire economy as a whole.
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PLANNING To establish and operate an effective organization‚ all managers perform several major functions or activities. These functions enable managers to create a positive work environment and to provide the opportunities and incentives. The key management functions include -Planning -Organizing -Directing -Controlling. Each of these functions are critical to the success of any manager and organizations. The primary function of the four is PLANNING. Planning is the process
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What is Manpower / Human Resources Planning (HRP)? Manpower planning or HR planning are synonymous. HR planning is more broad-based. Hereinafter‚ we will call it Human Resource Planning or HRP in short. Human resource planning is the process of anticipating and carrying out the movement of people into‚ within‚ and out of the organization. Human resources planning is done to achieve the optimum use of human resources and to have the correct number and types
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“If an economy is at a general competitive equilibrium‚ we may conclude that social welfare is being maximized.” Access this statement and explain why you think it is right or wrong. This essay will commence by defining the criteria for social welfare maximization. It will then discuss the relationship between competitive market and Pareto efficient before explaining the implication from the first and the second welfare theorem. It will then talk about equity issue arise from the topic and social
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Owned and operated by the Villa Group‚ VTV is the Maldives’ first private satellite television broadcaster. Launched on 05 September 2008 (in the holy month of Ramadhan)‚ the station beams a single encrypted channel via the Thaicom 5 satellite and offers a range of news and entertainment programmes in Dhivehi‚ the Maldivian national language. The station is a state-of-the-art facility featuring an all-digital tapeless workflow for ingest‚ post-production‚ storage and transmission with full station
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Microeconomics vs. Macroeconomics I. Introduction Economics is the study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources. This field of study is vast that it has been the subject of a great deal of writings. Economics is divided into Microeconomics and Macroeconomics. Macroeconomics deals with the overall economy‚ the aggregate demand and aggregate supply for all goods and services. The main concerns of Macroeconomics are the
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Career Planning and Succession Planning Created by Soumi Rai. Copyright material. Concepts of Career Management What are careers? – Sequence of work-related positions held by someone during lifetime Career Paths – Represent employees’ movements through opportunities over time. Created by Soumi Rai. Copyright material. Concepts of Career Management • Career management – The process for enabling employees to better understand and develop their career skills and interests‚ and to
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investments are 8% of GDP. Till date‚ only 20% of the total insurable population of India is covered under various life insurance schemes‚ the penetration rates of health and other non-life insurances in India is also well below the international level. These facts indicate the of immense growth potential of the insurance sector. The year 1999 saw a revolution in the Indian insurance sector‚ as major structural changes took place with the ending of government monopoly and the passage of the Insurance
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