Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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SS8E2b Explain how the four transportation systems contribute to Georgia’s role in trade. SS8H12a Evaluate the consequences of the end of the county unit system and reapportionment. SS8H12c Analyze the impact of the rise of the two-party system in Georgia. SS8H12b Describe the role of Jimmy Carter in Georgia as state senator‚ governor‚ president‚ and past president. SS8H12d Evaluate the effect of the 1996 Olympic Games
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SERVICES BUSINESS CASELET Mahindra Financial Services Sector offers a range of financial products and services to the under-served customers in rural and semi-urban India. Mahindra Finance is fabled as a success story in rural penetration and poverty reduction through financial inclusion. BUSINESS BACKGROUND Mahindra & Mahindra Financial Services Limited (MMFSL) is one of India’s leading Non-Banking Finance Companies providing personalized finance for a wide range of utility vehicles‚ tractors and
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Systems - Global Product Company concept The Global Product Company concept means ”to concentrate manufacturing – and ultimately other activities – wherever in the world it could be carried out to GE’s exacting standards most cost-effectively”. That means that the production is moving to countries where people are mostly underutilized (the example given in the case study tells about engineers from Eastern Europe‚ who cost only $1‚5/h). There are two major reasons why a company would do that:
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Pricing productsIntroduction Products and services have a price just as they have a value. Many non-profit and all profit-making organizations must also set prices. Pricing is controversial and goes by many names: Price is all around us. You pay rent for your apartment‚ tuition for your education. The airline‚ railway‚ taxi and bus companies charge you a/are; the local utilities call their price a rate; and the local bank charges you interest for the money you borrow ; the guest lecturer charges
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positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid a bonus of $200‚000 in any year that company return on assets
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Investment within a country can be seen as a vital component in terms of promoting economic prosperity. This essay is going to outline the importance of investment in terms of current and future economic activity by examining the effect of investment on growth and employment. The importance of the ability of the South African government to differentiate between private and public investment will be addressed by the use of a graph illustrating the investment rates of the private and public sectors
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necessary resources to ensure success. Entrepreneurship can either be large scale or small scale operations. An entrepreneur uses the available economic resources out of an area of lower productivity to a level that is higher hence produce high yield. In the past decade entrepreneurial growth has been added by a number of factors which are grouped as economic development‚ culture‚ and technological development and education categories. The presence of these factors ensures effective entrepreneurial
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develop our products and services day by day according to our customers’ needs and wants. There are several ways in which a business might think about developing a product in order to sustain or build a competitive advantage: • Staged release into the market: It could be considered beneficial to hold back certain developments you have made to a product so that you can release an improved version of the product periodically‚ rather than release it once and then fail to improve upon the product thereafter
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and techniques of getting people to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not‚ as marketing invariable does‚ view the entire business process as consisting of a tightly integrated effort to discover‚ create‚ arouse and satisfy customer needs." In other words‚ marketing has less to do with getting customers to pay for your product as it does developing a demand for that product and fulfilling the customer’s needs Market consists
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