Capital - human-made resources (buildings‚ machinery‚ and equipment) used to produce goods and services - kapitál Cost - the amount of money paid or needed for buying‚ doing or producing something - náklady Economic good - a good or service that is both useful and scarce and therefore has a price - ekonomický statek Economics - the study of how people use their limited resources to satisfy unlimited wants - ekonomie Economy - an organized system of the production‚ distribution
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b. shortages. c. inefficiencies. d. inequities. ____ 2. Economics is the study of a. production methods. b. how society manages its scarce resources. c. how households decide who performs which tasks. d. the interaction of business and government. ____ 3. A typical society strives to get the most it can from its scarce resources. At the same time‚ the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. In other words‚ the
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1‚ Explain the steps in Human Resource Planning. Human resource planning is a process through which the company anticipates future business and environmental forces. Human resources planning assess the manpower requirement for future period of time. It attempts to provide sufficient manpower required to perform organizational activities. HR planning is a continuous process which starts with identification of HR objectives‚ move through analysis of manpower resources and ends at appraisal of HR planning
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Philippines Economy To Survive Haiyan Despite a terrible human toll‚ Haiyan is unlikely to derail the nation’s impressive economic performance. By Anthony Fensom Asia’s “strong man” economy of the Philippines is considered tough enough to weather the effects of Typhoon Haiyan. Yet even after the deadliest typhoonin the nation’s recorded history‚ analysts have warned of potentially worse storms ahead. After making landfall on November 8‚ Haiyan (known as Yolanda in the Philippines) flattened dozens
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and risk. Three broad environmental factors determined the trade-off. The first was the prevailing political economy‚ including the policies of both host and home governments‚ and the international legal framework. The second was the market and resources of the host country. The third factor was competition from local firms. The impact of these factors on corporate strategies is explored‚ as shown in Fig. 1‚ during the three eras in the modern history of globalization from the nineteenth century
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Resources are defined as a means of meeting a need‚ particularly an economic or social need‚ of the people. The term usually refers to natural resources like land‚ water‚ air. Natural resources are largely unchanged materials of the land that are valuable to people and used in variety of ways. Pakistan is rich in natural resources. It has mountains‚ plains‚ deserts‚ fertile soils‚ rivers and oceans. Natural Resources are very important for the development and prosperity of a country. The important
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1980S: THE CIRCUMSTANCES OF THE EMERGENCE OF ‘HR M’ AS WE KNOW IT Human Resource Management has developed its original programme in the 1980s‚ it has expanded and consolidated its agenda in the 1990s‚ and it has been flourishing explosively in the dozen years since the turn of the millennium (the 2000s so far). We will try to understand the conditions of possibility for the rise of HRM in terms of cultural background‚ economic and political conditions‚ and social transformations in North Atlantic
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traditional economic view believes that abundant resources powerfully aid and promote the development of a country’s economy. At present‚ however many countries‚ which have a large endowment in resources‚ are facing an unexpected situation‚ which has been called the “resource curse”. Campbell (2013) says that the “resource curse” is the term used to describe the fact that countries with abundant resources often tend to have slower economic development than other countries with fewer natural resources. Contradicting
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Water resources are sources of water that are useful or potentially useful. Uses of water include agricultural‚ industrial‚ household‚ recreational and environmental activities. Virtually all of these human uses require fresh water. 97% of the water on the Earth is salt water. However‚ only three percent is fresh water; slightly over two thirds of this is frozen in glaciers and polar ice caps.[1] The remaining unfrozen freshwater is found mainly as groundwater‚ with only a small fraction present
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Natural Resources 2.1 INTRODUCTION 2.2 RENEWABLE AND NON-RENEWABLE RESOURCES 2.2.1 Natural resources and associated problems 2.2.2 Non-renewable resources 2.2.3 Renewable resources a. Forest Resources: Use and over-exploitation‚ deforestation‚ case studies. Timber extraction‚ mining‚ dams and their effects on forests and tribal people b. Water Resources: Use and over-utilisation of surface and ground water‚ floods‚ drought‚ conflicts over water‚ dams – benefits and problems. c. Mineral Resources: Use
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