Tuitions: A necessary evil? TRENDS: Is it just exam phobia or more? Chitra Aiyer speaks to parents and teachers to analyse the surging popularity of tuition classes in the City. Tuition classes have come to be a mainstay and are a big part of our educational ecosystem. With the kind of competition children these days face at every stage‚ parents are stressed like never before. Age they start going Children in Bangalore seem to normally start tuition classes somewhere around the 7th or 8th
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Supply and Demand XECO 212 April 10‚ 2011 Supply and Demand In economics supply and demand refers to the relationship between the accessibility of a good or service and the need or wish for it amid buyers (Microsoft‚ 2009). Our daily lives are affected by supply and demand. Demand is based on the price of a product‚ the price of related products‚ and customer’s salary and preference. Supply can rest not only on the price available for the product but also on the cost of similar products
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What are the uses of National Income figures? Before understanding the uses of National Income figures it is of the utmost importance to define National Income and the three methods used to calculate it. National Income is the aggregate money value of goods and services produced by the factors of production over a given period of time in a country. It is the annual report and as a result it is referred as the real income‚ that is‚ income measured in terms of goods and services. When there is income
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ALAGBE OLUFUNMILOLA DORCAS “The State is a necessary evil. Discuss. State‚ can be defined in political science‚ as generally a group of people inhabiting a specific territory and living according to a common legal and political authority; a body politic or nation. In this definition‚ the term state includes government; in another usage‚ the two terms are synonymous. [Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft Corporation. All rights reserve]. George Washington said that government is not
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Page 1 The civil rights movement was a mass protest movement against racial segregation and discrimination in the southern states that came to a national eminence during the mid 1950’s. This movement can be said to be a “long time coming” for African slaves and their descendants to resist racial oppression‚ especially after the United States abolished slavery. Although‚ slaves were emancipated during the civil war & were then granted basic civil rights through the passing of the 14th amendment
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The question “Is Algebra Necessary” has an answer that only the Department of Education can tell us. Different people will say different things‚ a failing high school student would most likely say that Algebra doesn’t help in life‚ but a genius Physics professor would say that we have to learn it. Many people have different opinions and I have my own opinion on the matter. I think that Algebra is not necessary for some students‚ but for others it is necessary. If so many are failing maybe we shouldn’t
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The Demand For Labor The demand for labor and other productive inputs is different from the demand for consumer products such as iPods‚ books‚ haircuts‚ and pizza. Firms use workers to produce the products demanded by consumers‚ and so economists say that labor demand is a derived demand. That is‚ it is determined by‚ or derived from‚ the demand for the products that workers produce. • Labor Demand by an Individual Firm in the Short Run. Consider a perfectly competitive firm that produces
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3. Demand and Price Elasticity It is important to understand how price changes affect the demand of fast food especially for firm like McDonald that operates in a Monopolistic Market. When McDonalds offers its discounted Value Meal during lunch and dinner hours‚ the demand for McDonald’s products will increase. According to the law of demand‚ other things equal‚ the quantity demanded of a goods increases when the price of the good falls. (N.Geogory Mankiw et al.‚2013). A change in price will affect
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Contract Creation and Manage Law 531 Contract Creation and Management After completion of the Contract Creation and Management simulation the following legal issues were noted. There were problems with this contract from the beginning because the specifics of the contract were ambiguous from the start. The companies involved developed a contractual relationship by evidence of an offer‚ acceptance of the offer and valid and legal consideration‚ which in this case is money for services rendered
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1) Keys to success. Explain supply chain of the company and draw the supply map. Pepsi has go to market strategy‚ so company tries to cut the costs by bringing the product directly to the market they try to have less wear houses but it didn’t mean that distribution and wear houses were not connected. Warehouse Infrastructure Initiative became the Direct shop Delivery Transformation Initiative. Pepsi Company has a supplier code to clarify their health and safety while distributing their product; they
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