21st century is known for the dozens of communication systems that we know to be “social media networks” that people can’t get enough of. People of all ages are constantly on their smart phones or computers checking for updates on their favorite media network. When people are asked whether they think social networking is a positive or negative thing‚ most people’s initial answer would be negative. Social media is linked with distractions‚ inappropriate content‚ unhealthy lifestyles‚ and a disturbance
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Macro Economic System and its Management. 1. Macro Economic Concerns: • Micro vs Macro Economics. • Major Building Blocks of Macro Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management:
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are present‚ the market equilibrium use of natural resources is inefficient because the social benefit is less than the social cost. Positive externalities or external benefits impose a positive effect on the third party. Eg: Vaccinations provide a direct benefit to the patient and a spillover effect to the other people. MMR vaccination is given to patients to prevent them from contracting the disease Source: Business Economics Slides The demand curve (D1) depicts the price patients are willing
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In today’s world‚ we rely heavily on our media. Unfortunately‚ some people use it while driving. All generations are anxiously engaged in media. People keeping in touch with friends through email‚ text and various social media outlets‚ catching up on the latest news‚ using GPS for directions and entertaining themselves with games. While media generates daily opportunities‚ it also creates challenges. Using media while driving is one of those challenges. Anything that takes the drivers attention off
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Opportunity cost of an activity (or goods) is equal to the best next alternative foregone. Although opportunity cost can be hard to quantify‚ the effect of opportunity cost is universal and very real on the individual level. In fact‚ this principle applies to all decisions‚ not just economic ones. Since the work of the Austrian economist Friedrich von Wieser‚ opportunity cost has been seen as the foundation of the marginal theory of value[citation needed]. Opportunity cost is one way to measure
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to expand the customer portfolio. Conclusions: The study concluded that merchandizing is a device to enhance the accessibility‚ Small to the Left‚ and Large to the Right‚ At Eye and Hand Level. Merchandizing is perceived as marketing channel along the other very strong channels like television‚ and other Medias. Merchandising is helping merchants to finally understand and influence consumer behavior by blending science-based insights about price‚ promotion and assortment with the artful judgments
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Assignement #1 – Micro and macro functions of the law In my work I’m going to talk about the micro and macro function of a law and I will apply my knowledge of them on the case between Sophie Hess and Antoinette Royan. Micro and macro functions of the law In a law system‚ we can distinguish between micro and macro functions of a law. Both of them play very important role in a law system. “The interactions and relationships between law and each of these orders are very important and complex” .
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What are Micro Nutrients? Each flowering plant requires minor elements or micronutrients besides the chemical or organic fertilizers. These micronutrients help the plant in many ways‚ such as give more numbers of flowers‚ larger flower size and good luster of the petals. The above diagram shows symptoms associated with deficiency (shortage) of each micronutrient in the plant. If your plant has any micronutrient deficiencies‚ it will warn you by showing these symptoms on the leaves
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Social Media Affected Human Behavior and Thinking? In this modern age in which you can be completely disconnected from the world by not having access to the endless information provided by the Internet‚ it is imperative to have Internet access to be able to be as efficient as possible and be able to create your own network. This is made possible in part to the availability of social media. One can interact with others around the world to either create new friendships on a recreational level‚ or develop
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curves‚ and shifts of demand and supply curves; 4. Understand the effect of price ceilings and price floors; 5. Understand the concept of price elasticity as a concept of price sensitivity (+ cross-price elasticity‚ income elasticity); 6. Understand the relation between revenue and price elasticity of demand; 7. Understand that it does not matter whether firms or consumers pay a per unit tax; 8. Understand the effect of elasticity of demand and supply on tax incidence; 9. Realise
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