Mercantilism was an economic theory that was current between about 1550 and 1760. First‚ it stated that wealth can be created only by trading between nations‚ using the products in which each has a special advantage. The second feature formed the principle behind colonialism because it stated that an increase in the wealth of one country must cause a reduction of wealth in others. By deduction‚ for "civilised" European countries to become richer‚ countries in Africa‚ Asia and America will need to provide
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Principle of Learning Goal Setting Trainers should take time to explain the objectives of the training and the intended goals to be achieved. Goal setting is used in focusing and motivating individuals’ behavior within the organization. Meaningfulness of Presentation The content of the presentation should be meaningful as possible. The training material should give the trainee opportunity to tie the knowledge what they already have and what is to be learnt. Modeling Modeling the training content
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Principles of Macroeconomics Coursework Rodoula Makri ECON101-EN Question 1: a) Price of substitute good falls - As seen on the diagram above when price of substitute product A rise‚ then demand for substitute product B rises accordingly. Positive relationship between the two. Shift to the right. b) Taste shifts away from the good - Whe the taste shifts away from the good it becomes less desirable‚ making its demand for it decrease. Shift to the left. c) Price of complimentary good
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In 1968 Dr. Laurence J. Peter and Raymond Hull put into print a book called The Peter Principle: Why Things Always Go Wrong which describes a simple observation that states anything that works is often used in progressively more challenging applications until it fails. This means that a machine will only function optimally at the tasks it was specifically designed for and once it is used beyond its intended task its usefulness will degrade or the machine will utterly fail. This also applies to
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The most significant case in my life where the disclosure principle played a role was the purchase of our house. Soon after we bought our new property in a well-known suburb of Sofia‚ problems came to light. When we were buying the house‚ we knew that it was not in a perfect condition‚ but we were unaware of many of the problems that we faced later. Because we bought the house from acquaintances‚ we did not find it necessary to hire a private inspector to do full inspection prior to the purchase
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management and the other levels are into implementations as per the directions of top level. For example‚ in a business concern‚ the father & son being the owners decide about the important matters and all the rest of functions like product‚ finance‚ marketing‚ personnel‚ are carried out by the department heads and they have to act as per instruction and orders of the two people. Therefore in this case‚ decision making power remain in the hands of father & son. On the other hand‚ Decentralization is a
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THE PRINCIPLES OF PLATING There are no hard and fast rules to determine how a dish is to be plated‚ but there are standards and guidelines that have been proven to work. Balance is the key element to success in the creation of any dish and that element applies to many areas of the plating process as well. Achieving Balance: Proteins‚ Starches and Vegetables * One primary consideration when putting together a dish is nutritional balance. * It has long been stated that a nutritionally balanced
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Principles of Distillation What is distillation? Simply‚ distillation is the process in which a liquid is vaporized (turned to steam)‚ recondensed (turned back into a liquid) and collected in a container. Nature uses a form of distillation to turn salt water (seawater) into fresh water (rain). Why do you use distillation to recycle waste solvents? Solvent-based waste contains volatile material (solvents) and non-volatile material (contaminants like paint‚ ink‚ grease‚ fiberglass‚ etc.). Many of the
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Business Centre No 90665 Unit No & Unit Title Unit 4‚ Marketing Principles Course Title HND in Business Lecturer’s Name Achila Amarasinghe Assignment Title & Type Understanding marketing principles: Unilever PLC Case study Assignment No 1 Date Set w/c 06-10-2015 Due Date 09-01-2015 Semester / Academic Year 1/2014 Unit Outcomes Covered: 1. Understand the concept and process of marketing 2. Be able to use the concepts of segmentation‚ targeting
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PRINCIPLES OF DESIGN Unity and Variety ( Balance ( Emphasis and Subordination Scale and Proportion ( Rhythm and Repetition Directional Forces ( Contrast PRINCIPLES OF DESIGN 1. UNITY AND VARIETY ← Unity is a sense of oneness‚ of things belonging together. Also called harmony‚ it is concerned with combining similar elements to create a pleasing appearance. ← Variety is concerned with combining art elements by adding slight changes to increase visual interest. 2.
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