5.1 Factors of production Capital 5.1 Factors of production KE Y I DEA The four factors of production are land‚ labour‚ enterprise and capital. Land This means the land itself‚ and any natural resources that come with it. So oil‚ natural gas‚ bauxite‚ fertile soil‚ a pleasant climate and sandy beaches are all included in this factor of production. Every business uses some physical space – though‚ for example‚ a bank or small home-based business uses much less land than an agricultural
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PRODUCTION THEORY AND THEORY OF COSTS Production and Production Theory Production refers to the transformation of inputs into outputs (or products) An input is a resource that a firm uses in its production process for the purpose of creating a good or service. Most resources are lumped into three categories: - Land - Labor - Capital The two kinds of inputs: Fixed vs. Variable Inputs Fixed inputs -resources used at a constant amount in the production of a commodity. Variable inputs
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stable foreign exchange rate. [8] For a knowledge and understanding of the influence of supply and demand in setting the foreign exchange rate. Up to 4 marks For application showing how a government can maintain a foreign exchange rate through intervention in the foreign exchange market. Up to 4 marks (6 marks maximum if no diagram provided A fixed exchange rate‚ sometimes called a pegged exchange rate‚ is also referred to as the Tag of particular Rate‚ which is a type of exchange rate regime
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Chapter 1 1.1 Introduction Global economic slowdown a situation in which GDP growth slows but does not decline. For example‚ if GDP goes from 5% growth to 3% growth‚ an economy is experiencing a slowdown (http://financialdictionary.thefreedictionary.com/Economic+Slowdown‚ 2012). Most analysts do not consider a slowdown to be a recession‚ as global recession is a decline in a country’s gross domestic product (GDP) growth for two or more consecutive quarters of a year‚ it also preceded by several quarters
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Fast Food Consumption In his essay Don’t Blame the Eater‚ David Zinczenko says he sympathizes with a group of children who are suing McDonald’s for making them fat. Drawing on his own experiences as a “1980’s latchkey kid” (139)‚ he describes how easy it is for teenagers to put on weight with a steady diet of fast food meals. Part of the problem‚ he argues‚ is that nutritional information about fast food is often either unavailable or hard to interpret. For instance‚ at many fast food
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Question 2 Exchange Control refers to governmental regulation of the conversion of currencies‚ the purchase of foreign coin or gold‚ and the transfer of funds between countries . Common exchange controls include banning the use of foreign currency and restricting the amount of domestic currency that can be exchanged within the country. Exchange Controls impacts on the economy include the following; The downward trend of rate of exchange against major trading currencies; this control lead
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SERVICES OF THE STOCK EXCHANGES 1. SERVICES OF THE INVESTORS Inventors in the country are important component of secondary market. In stock market stock exchange provides the following services to their investors: Liquidity to their investment is ensured by enabling them to sell securities whenever they need liquid funds. Information about the price of securities listed on the exchange through daily quotations. Safety & security to the transactions entered into by the investors in the market
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Employment Relations UNIT 2 EVOLUTION OF INDUSTRIAL RELATIONS AND CURRENT DEVELOPMENTS Objectives After going through this unit‚ you should be able to: l l explain the historical perspective of industrial relations in India; appreciate the impact of globalisation‚ technological changes‚ and other forces on industrial relations; identify the issues and challenges confronting industrial relations in India. l Structure 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Introduction Industrial Relations in India
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Gas Exchange The process of gas exchange in the body is called respiration. This process has three basic steps that involve pulmonary ventilation‚ external respiration‚ and internal respiration. All three steps are functions that involve gas exchanges between the lungs and the atmosphere. For instance‚ pulmonary ventilation‚ or breathing involves the inhalation and exhalation of air between our lungs and the atmosphere. External respiration is the exchange of gases across the respiratory membrane
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Foreign Exchange risk management has always been an area look up by people from varied fields‚ weather literary or profession related matter. For the purpose of this paper I gone through few literary works to understand the whole concept and formulate my paper‚ a distinct one. Collier and Davis (1985) in their study about the organization and practice of currency risk management by U.K. multi-national companies. The findings revealed that there is a degree of centralized control of group currency
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