How to think for yourself Have you ever heard a saying which says "Plato is dear to me‚ but dearer still is truth"? That’s what I want to talk about today. Nowadays less and less people are encouraged to think for themselves. However‚ it should be. Try to imagine a world where everyone shares the same style of thinking. Can you really tolerate it? So I intend to remind of you to learn and think for yourselves. Students have shown that the students in China have little encouragement for thinking
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1. What do you understand by Managerial Economics? Give Definition and meaning of Managerial Economics. Economics is the branch of Knowledge that deals with how the scarce resources can be used to produce valuable goods and services and distribute them efficiently among different classes of people in the society. What is Managerial Economics? Douglas - “Managerial economics is the application of economic principles and methodologies to the decision-making process within the firm or organization
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Can Machines Think? Draft due: 2/25/13 Final draft due: 3/1/13 Introduction to Philosophy Section 05G Spring 2013 CO In the articles of Computing Machinery and Intelligence by Turing and Minds‚ Brains‚ and Programming by Searle‚ many different arguments are made for and against the claim‚ can machines think? Now just as they did in their articles‚ I will explain what I mean by machine and think. A machine is a mechanical object designed by human beings to assist us in our lives. And when I
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Frankly‚ to know more about Islamic economic‚ lets briefly look at differentiation between Islamic economic and conventional economic. The first different is the role of moral values. Basically‚ conventional economics is more concern towards behavior and preferences of individuals as given. However‚ Islamic economics more concern on individual and social improvement throughout the moral elevation. This moral evaluation or known as uplift moral aims to the changes of individual and preferences of
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“Can machines think?”- A question heavily debated dating back to the days of Descartes. This idea has been explored and analyzed by scholars in many diverse fields of study for many‚ many years. Mathematician Alan Turing was a pioneer in unraveling this question. His philosophies found in his published paper “Computing Machinery and Intelligence” changed the ways in which we perceive and comprehend artificial intelligence. Turing’s most famous advance on the age-old question was the self-titled Turing
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What is Economics? Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction‚ studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions
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factors of economics. Economies might differ in the organization but all perform these three functions which are discussed below. 1. Productions:- The First vital process of an economy is manufacture which must go on incessantly. "Production comprises any action‚ and the stipulation of any service‚ which satisfies and is likely to satisfy a want." In this wider sense‚ production includes products produced on farms like rice‚ wheat‚ fruits and vegetables and those manufactured in the factories like clothes
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and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
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Managerial Economics Final Project Fajwa’s Apparel Outlets Iqra Fayyaz (10223004) Malik Usman Khan (10223001) Sufyan Adil (10223024) Jabbar Ahmed(10223006) Mohd. Salman (08110104) Instructor: Dr. Tasneem Akhtar GIFT Business School GIFT University ACKNOWLEDGMENT In the name of ALLHA ALMIGHITY the lord of the world who has bestowed us with abilities and blessed with knowledge so that we can make best of opportunities provide to us. First of all we are indebted toward ALLHA ALMIGHTY
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1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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