1. Can gross domestic product be used as a measure of welfare‚ well being? Discuss. Gross domestic product (GDP) is a vital concept in national income accounting. It may be defined as “the total market value of all final goods and services produced within a given period by the factors of production located within a country” (Case‚ Fair & Oster‚ 2008‚ p.105.). Essentially‚ GDP is a measure of production of an economy; that is‚ it measures its economic performance. Despite this‚ economists often use
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Bacteria Growth Requirements Microbiology Life as we now it has ended. What is left you ask? Well it is said the only thing that could survive an incident that could end our known way of life is a roach and a pack or Twinkies. In truth the great survivor would be microorganisms. Microorganisms can survive where most cannot due to their size‚ nutritional needs‚ energy requirements‚ and are very good at adapting to different environments (Black 2008). Microorganisms require two things to
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interrelationships between human beings and their social environments is referred to as human ecology. Bronfenbrenner was a noted psychologist who came up with a human ecology model to examine the effects of various socio-economic factors that influence a child’s development. Bronfenbrenner postulated that human development followed a model akin to “nested arrangements of concentric structures each contained within the next (Cited in Thies & Travers 2009 21). These concentric circles represent a contextual
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Growth of Global Markets 1. The fundamental changes that are contributing to the growth of global markets I think are the changes in technology‚ basically of communication technology that are making it easier to do business globally. Firms take advantage of differences in cost and quality of various factors of production by expanding their business globally. 2. I think that one of the goals of every firm is to retain loyal customers. This is very important for the firm because‚ then they know
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death rate‚ lack of global epidemics‚ and poor education…etc. These are the main reasons behind overpopulation. Overpopulation has bad impact on many aspects in our life such as: environment‚ society‚ and economy. The solution for such an issue like growth of population is not this much easy it should contain combine efforts from many parts. The reason for that is because the causes of overpopulation are very massive‚ so the solutions should be equally varied. One of the most important solutions is
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Cycle (TALC) is a model developed by Butler to explain the stages involved in the development of a tourism destination. TALC model has identified six stages involved in the lifecycle of a tourism destination. These stages include; exploration‚ involvement‚ development‚ consolidation‚ stagnation and decline/ rejuvenation. While many tourism scholars have adopted Butlers TALC model as tool for tourism destination planning‚ there are still a few tourism scholars who think that the model that not provide
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Wal-Mart stores in 2003 Identify the issue Wal-Mart stores‚ one of the most successful retailing chain in the world‚ has gain competitive advantage over its competitors. Thanks to his unique set of features‚ like its powerful IT system‚ its way of manage suppliers or its logistic system‚ Wal-Mart is able to responds quickly at demand changing‚ maintain low costs and satisfy its customers. Framework used in analysis The analysis will be conducted using the value chain framework in order to analyze
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Q. Discuss the growth of reality television show in India and analyze the cause of their immense popularity among the Indian audiences. Indian are high on the emotional quotient and anything that strikes the emotional chord is a instant hit in India. The success of reality show in India can be attributed to a great extent to this weakness. The relief that these shows provide from the saas-bahu soaps is another reason for their immense popularity. The rising popularity of the reality shows on Indian
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According to the Timmons Model of Entrepreneurship the three critical factors of a successful venture are opportunities‚ teams‚ and resources. The successful entrepreneur is one that can balance these critical factors. Jeffery Timmons of Babson College in Massachusetts developed the Timmons Model of Entrepreneurship as his doctorate thesis at Harvard University. Further research and case studies have since then enhanced this model as a guide for entrepreneurs to increase their chances of success
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sometimes rapidly (Macy’s Co.‚ 2016‚ p4). “As we look to 2017‚ we anticipate a sales trend that is similar to 2016” (Macy’s Co.‚ 2016‚ p4). We will continue our work on reducing costs to free up funds to invest in growth initiatives that will help us gain market share‚ return to growth‚ and derive enhanced value for our shareholders over time (Macy’s Co.‚ 2016‚ p4). Macy’s has defined its vision is: “To operate Macy’s and Bloomingdale’s as
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