Do you wonder why your TV is broken after 2 years? This phenomenon is called planned obsolescence. It’s based in 1881 with the first bulb built from Eddison. His first bulb had a lifetime about 2500 hours. After the manufacturing process begin the lifetime sunks to 1000 hours. This is a strategy by the big concerns all over the world. They designed their products with flows. Types of obsolescence are technical or functional‚ systematic programmed‚ style or notification. Technical or functional
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Mixed economy Features 1. Co-existence of public and private sectors: Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined. The relative roles assigned to the public and private sector differ from economy to economy. But generally the public sector is expected to perform certain basic functions such as: (i) Development of economic infrastructures. (ii) To promote basic industries that require huge investment and are of
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Planned Parenthood Many people believe that Planned Parenthood is just a clinic for abortions‚ but in reality it serves a much greater purpose. For nearly 100 years‚ Planned Parenthood has worked to improve women’s health and safety and to advance the right and ability of individuals to manage his or her fertility regardless of income‚ race‚ ethnicity‚ sexual orientation or age. They provide several safe contraception methods‚ reduce the spread of sexually transmitted infections through testing
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Planned Parenthood: Who is Right? Mitt Romney vs Barack Obama on the Issue of Planed Parenthood Funding It is now 2012 and it is an election year full of controversial issues that need to be discussed by each candidate. This campaign is said to have a “cavalier disregard for facts on both sides‚” so much so that “the campaign has become bitter and trivial." Who would you vote for if the election was today? How much do you really know about the controversial issues? You‚ the voter‚ are in charge
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distribute to. The market economy is one that is controlled by the people and there is little government intervention. It is also known as a free enterprise economy. The planned economy is one that is controlled by the government and there is a lot of government intervention into the way in which the economy runs. They both try and solve the economic problem of trying to satisfy mans unlimited wants with relatively scarce resources in different ways. The market economy tries to solve the economic
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Planned Obsolescence Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with a limited useful life‚ so it will become obsolete‚ that is‚ unfashionable or no longer functional after a certain period of time. From about 1924‚ it started to sneak into people’s life and quite literally changed people’s lives. People have been talking about whether planned obsolescence is good for their lives or not through the ages. All they focus on
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Retail:-The selling of goods and services directly to consumers in small quantities. Retailing:-The activities involved in selling goods directly to consumers. ORGANISED RETAILERS:- Like department stores‚speciality stores ‚shopping complexes ‚ malls ‚ large scale multiple chains etc. Organized retailing‚ in India‚ refers to trading activities undertaken by licensed retailers‚ that is‚ those who are registered for sales tax‚ income tax‚ etc. These include the publicly traded supermarkets‚ corporate-backed hypermarkets and
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Command economy is defined in the textbook as‚ a government run economy. The government owned all industries and set quotas that favored heavy industry over the production of consumer goods and products. What advantages and disadvantages did Russians experience with a command economy? How about a market economy? One of the many disadvantages of this command economy was that supply and demand did not dictate what products would be produced. The authoritative government would determine what was to
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CHAPTER 1 INDIA’S TRANSITION FROM A CLOSED TO AN OPEN ECONOMY A moment comes‚ which comes but rarely in history‚ when we step out from the old to the new‚ when an age ends‚ and when the soul of a nation‚ long suppressed‚ finds utterance. 1.1 These are the words of Pandit Jawaharlal Nehru‚ the first Prime Minister of India‚ in his speech marking the Independence of India on 14 August 1947. These words still hold true today as India moves onto the global scene and is making its presence felt as
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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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