The Three Basic Economic Questions 1. What to Produce? what items to produce and how much of each item to produce using its productive inputs in the most efficient manner. 2. How to Produce? one the decision has been made regarding what to produce. each country must choose which resources productive inputs will be used and in what combinations 3. For Whom to Produce? should the productive outputs be distributed based on social customs‚ personal wealth and ownership‚ or mandated by the government
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How Has Socialism Impacted The Democratic Party Platform? Socialism is described as “a social and economic system characterized by social ownership of the means of production and co-operative management of the economy‚ as well as a political theory and movement that aims at the establishment of such a system” (Wikipedia‚ 2014). Socialist economic systems are based on the precept of production for use or the production of goods to directly satisfy the demand and need of the consumer (Wikipedia‚
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Economics Survivor Assignment Shadman Kaif & Tony Ng Q: What is your basic economic problem? (Be specific) A: There is a water shortage (which is a need) on a deserted island. Of our fellow residents‚ 38 of them are people under the age of 18. This population is not very productive and they are inexperienced. They can be considered as our burden. 2) Q: Classify your existing resources as natural‚ capital and human. A: Examples Natural Wild animals‚ fruit‚ trees‚ fish‚ food + water
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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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EXECUTIVE SUMMARY This report will look at the National Business Systems and cultural conditions in India and will provide a brief assessment of how this will affect the firms. The report then moves on to assess the patterns and trends of trades between the two countries especially in the beverage industrys. The implication of international institutions on the firm‚ an assessment on the entry mode (FDI or export)‚ advices on the problem of establishing and operating a corporate social responsibility
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We have just finished reading several chapters on Karl Polanyi’s‚ “The Great Transformation‚” which is truly crucial to understanding how and why we need to restructure economic education today. The central thesis of this book was a historical description of the emergence of the market economy as a competitor to the traditional economy. Although he has not given a clear legacy to a separate tradition of economics and economic history‚ the importance of Polanyi’s thoughts to heretical economic ideas
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GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 11 HISTORY P1 EXEMPLAR 2013 MEMORANDUM MARKS: 150 This memorandum consists of 19 pages. Copyright reserved Please turn over History/P1 2 NSC – Grade 11 Exemplar – Memorandum DBE/2013 SECTION A: SOURCE-BASED QUESTIONS QUESTION 1: WHAT WERE THE CONSEQUENCES OF LENIN’S NEW ECONOMIC POLICY (NEP) IN THE SOVIET UNION DURING THE 1920s? 1.1 1.1.1 1.1.2 1.1.3 1.2 1.2.1 1.2.2 [Extract relevant information from Source 1A – L1] • It ensured the Communists
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Introduction Business environment is the combination of all centralized and peripheral aspects that affects a corporation. Both external and centralized aspects can repercussion each other and endeavor together to influence a corporation. The business environment includes some elements like clients and suppliers‚ competition and owners‚ technology‚ government initiatives and market‚ social and economic trends. The internal factors are that impact the approach and success of the company’s operations
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Page 41 questions 2-5‚ 7 and 9 2) Honoring tradition‚ because Traditional Economies are based on customs and beliefs of its people‚ aka cultural things‚ which is often a tradition. 3) Economic decisions in a command economy are made from government officials considering the resources and needs of the country and distribute resources based on their judgment. 4) Consumers can spend their money as they want; producers decide what goods or services they’ll offer. 5) Adam Smith’s “invisible hand”
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China’s budgetary system Year III Finance and Banking Balea Calin Dobrovolschi Natalia 2012 Content Introduction………………………………………………………………..pg 3 Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget
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