Economics is the social science that studies the behavior of individuals‚ households‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. Agents are assumed to act rationally‚ have multiple desirable ends in sight‚ limited resources to obtain these ends‚ a set of stable preferences‚ a definite overall guiding objective‚ and the capability of making a choice. There exists an economic problem
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the Civil War than in all other American wars combined until Vietnam. However‚ the Civil War impacted the United States well beyond just deaths. The Civil war brought fundamental alterations in the life of the nation‚ changing the economy‚ the political landscape‚ as well as ways of life. Economically‚ wartime measures had introduced new federal involvement in both he banking and transportation systems. The National Bank Acts of 1863‚ 1864‚ and 1865 helped to create a uniform currency in the
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01.05.2003 Social Studies Japanese military‚ social‚ political and economic reforms in the Meiji restoration Military: In 1872 the Japanese military started to use conscription. This is same as drafting in the U.S.A. All conscripts had to serve a three year period in military service‚ after which they were put to reserves for four years. This system was introduced by Yamagata Aritomo‚ and the next year this same man set up the Japanese Imperial army. He favored and used the army style of Germany
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Social Structure a term loosely applied to any recurring pattern of social behaviour‚ or‚ more specifically‚ to ordered interrelationships between different elements of a society. Social structure comprises different kinship‚ religious‚ economic‚ political and other institutions as well as of norms‚ values and social roles of the members of a society. The development of the social structure in any society is historically conditioned. The social structure of Bangladesh‚ therefore‚ needs to be analysed
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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Economics is the study of social behavior guiding in the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society. Economics seeks to understand how those individuals interact within the social structure to address key questions about the production and exchange of goods and services. First‚ how are individual needs and desires communicated such that the correct mix of goods and services become available? Second‚ how does a society provide
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organizations‚ increases women’s rights and ensures their personal security‚ and creates new political and economic opportunities for women across The Gambia specifically the rural areas. Our current project plan is to uplift the women’s political power in Lamin Koto‚ C.R.R. this project will last for 5 years starting from 2012 to 2017. The goals of the organization are: ➢ Promotion of women’s political rights as basis for democracy strengthening. ➢ Information dissemination‚ ➢ Creating
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dollar. Population explosion in China was an outcome of high economic growth as well as a reason of heavy profits and surpluses of manufacturing industries in China. Through this paper I Intend to compare the similar relation among other countries like Japan and Sweden. Aging population brings the availability of cheap labor down and hence impacts the economic performance of countries. I will examine fertility and mortality and age structure pattern of population in China and conclude that Aging population
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ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
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Political institutions have been around since nearly all human societies were organized tribally. Over time they have developed into various organizational features and eventually taken the shape they do today. They have proven to be fundamental in virtually all societies worldwide and by being so omnipresent we often take these institutions for granted and do not realize how vital they are for our society. Moreover‚ because they are so important and play such a big part in our society‚ there is
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