Importance of Externality An externality is a cost or a benefit that arises form production that falls on someone other than the producer; or a cost or a benefit that arises from consumption that falls on someone other than the consumer. (1) First‚ the importance of studying externality comes from its universality. Externality exists so widely that everyone involved in the market cannot escape its influence. In addition‚ according to the notion of externality‚ the existence of externality means
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CHAPTER I INTRODUCTION Background of the Study The earliest usage of Closed Circuit Television (CCTV) actually dates back to 1942 when it was first used by the military in Germany. The military used remote cameras with black and white monitors to observe the launch of V2 rockets. During the 1940’s the US military also used CCTV when developing and testing atomic weapons‚ as this allowed them to observe the tests from a safe distance. In the years since that time CCTV has become very
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race and shall continue to function as long as the human race lives. The importance of education may be summed up as under. Highlights 1. An essential human virtue. 2. A necessity for society. 3. Important for integration of separate entities. 4. Gives significance of life. 5. Educated men are .superior. Aristotle 6. Sign of freedom. Epictetus 7. A controlling grace. Diogenes 8. Basis of good life. 1. An essential human virtue Education is an essential human virtue.
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other courses. We all know that language is very important‚ included here is the English language. However‚ English exists in the world today as a means of international communication. We use this language in our everyday life. So we can give importance to it‚ and we need to learn how to understand it and how to speak English. Instuctor’s Comments Cuerdo‚ Lara Eleine A. October 11‚ 2013 PSY 2Y1-2 Specific Speech Topic: English Language
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a professor of Industrial Management at Massachusetts Institute of Technology‚ presented his view about the nature of people in his book “The human side of Enterprise [1]”. In order to explain the nature of people McGregor identified two set of assumption known as theory X and Theory Y. With the help of these theories the importance of motivation is discussed in this chapter. Theory X assumptions * Individuals inherently dislike the work and will avoid work if they can. * Mangers have to
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electronic gadgets which we use daily consist of lights‚ televisions‚ computers‚ fans‚ A/Cs‚ refrigerators‚ telephones‚ cell phones‚ etc. Life would have been very difficult without these inventions. Let me give you an example of cell phones to show the importance of electronic of gadgets in our lives. Cell phones have occupied a very important position in our lives. Think what would happen if cell phones or mobiles hadn’t been invented? There would be long queues of people outside the PCOs who would be waiting
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Assigmnment 1 Question 1: Give a comprehensive account of the importance of Statistics to you (i) as a government agent‚ (ii) as a Public Administrator‚ (iii) as an individual Statistics‚ is study of the systematic collection‚ organization‚ and interpretation of data. This includes the planning of data collection in terms of the design of surveys and experiments. Is is therefore safe to say that Statistics‚ as a discipline‚ is the development and application of methods to collect‚ analyze and
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head: MARRIAGE AS AN INSTITUTION The Importance of Marriage Ana Vertz PS301 Mrs. Kathy Erickson August 30‚ 2009 The Importance of Marriage From Colonial times to present marriage has been an integral part of American culture. The importance is has been evident in that it is one of the few institutions that started with the country and is still very popular. What makes marriage an important institution? This paper will discuss the perceptions of the importance of marriage for men and women‚ children’s
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This is because at least a few people in each locality would know the language. Though these people might not have the same accent as others‚ the language at least will be understandable. There are various reasons for the importance of English language. They are listed below. 1. Travel: When a person travels to another part of the world either for the sake of business or even as a tourist‚ the languages may differ. In these conditions‚ English is the language that helps people to deal with the situation
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The Importance of Punctuality : Lateness is a sign of poor time management skills When you are late for appointments‚ meetings or work‚ you show a lack of respect for other people’s time as well as your own. Punctuality is a problem for many people. How can we ensure that we keep appointments by arriving on time? Here are some suggestions: 1. Make up your mind that you will be punctual from now on. In many cases lateness is caused by a lack of commitment to arrive on time. Have the
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