the economic‚ social and global environment in which organisations operate. 1.a Explain how economic systems attempt to allocate and make effective use of resources. As part of your discussion‚ make reference to the Planned / Free market and Mixed economies. Rodrigue (2008) states that economic s systems deal with the relationships between production (supply) and consumption (demand). Four elements define production: * Manufacturing – the process of utilising raw materials and making
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Market economy - Command economy - Mixed economy * Market economy: based on private companies‚ a lot of decisions based on market mechanism. In nature‚ market economy is decentralized‚ flexible‚ practice and can be change. Supply‚ demand and solvency influence on deciding ( còn thiếu) * Command economy: * Mixed economy: have factors of both. To 1985‚ Vietnam is mixed economy system. The government controlled everything on market: what‚ how‚ whom
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example‚ what if‚ Canada started sharing its economy with the US? Canada and the United States have different economic systems even though the countries are geographically close to each other. In the economic continuum of planned‚ mixed and market economies‚ Canada has a mixed economy‚ and U.S has a market economy. Generally speaking‚ Canadians and Americans are very different people. Creating a single economy could have disastrous effects on the lives of the people and should not be done. First off
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Ishita Kapur Professor Melissa Ragona Contemporary Art History‚ 60206 15 April‚ 2009 Opera for a Small Room “Opera for a Small Room” is a time-based mixed-media installation by Canadian artists‚ Janet Cardiff and George Bures Miller. The mixed media includes sound‚ record players‚ records and synchronized lighting. It is exhibited in “a small room”‚ 2.6 x 3 x 4.5m‚ and plays in a 20-minute loop. This piece constructs a hyper realistic narrative centered on the character R. Dennehy. Dennehy
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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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surface possible. In this course I wanted to learn techniques that would help me improve my style. I wanted to broaden my creativity by creating abstract works and designing dresses that mimic Alexander McQueen’s. And also to learn new mediums to create mixed media art because I find those artworks to be unusual. This’s why I love art‚ because on rare occasions I discover a piece that’s unique and sparks my creativity so I can produce my own. Each piece I make starts out from an intriguing event or
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The Business System: Government‚ Markets and International Trade Chapter 3 Reporters: Masaga‚ April B. Sebastian‚ Jo Ann D. Reyes Marvin Sergio L. Globalization The process by which the economic and social systems of nations are connected together so that goods‚ services‚ capital and knowledge move freely between nations. Economic System The system a society uses to provide goods and services it needs to survive and flourish. Economic Systems The economic system accomplishes two basic
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Summary India adopted a democratic system of government and a mixed economy after gaining independence in 1947. However‚ a large part of their economy was still comprised of state-owned entities. Because of this‚ the private sector was stifled and any growth came only with hard-won government permission. This was especially true in the auto‚ chemical‚ and steel industries. Compounding the issue of strict government control was the fact that various laws made it difficult for businesses in the
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Economics is the social science that analyzes the production‚ distribution‚ and consumption of goods and services. Economics is concerned with the ideal distribution of scarce resources (limited availability of things that we desire) within society. For example‚ economics is concerned with which needs people have and which goods they want produced. An important element in economics is concerned with the extent to which governments can intervene in the economy to improve the economic provision of
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Case Questions: 1) Why do you think GE has invested so aggressively in foreign expansion? What are the opportunities that it is trying to exploit? General Electric (GE) established in 1879 was originally provided the electric power‚ providing single service. However‚ GE not only works on energy today‚ but also health and home‚ transportation‚ financial services and even television broadcasting‚ GE is now the largest industrial conglomerate in America. The reason to make such foreign expansion
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