longer considered tenable? In classical economics‚ land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a natural good‚ land was considered the source of wealth thus agriculture was the only sector that could increase it. Thus follows a theory of production from the middle age‚ wherein production is understood
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Creative Sparks Talk Analysis Monica Carter PHL/458 December 18‚ 2014 Amy Gingrich Creative Sparks Talk Analysis Sir Kenneth Robinson is an educator and a well-respected author that is leading a movement against current educational systems. He strongly believes that the school’s systems should encourage creativity instead of undermining it. He spoke at a 2006 TED conference and the title of his speech was “How Schools Kill Creativity”. The focus of his speech
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Terrorism Involving Transportation Systems Alec Proctor Instructor: Johnny Gandy School: Tidewater Community College Abstract Around the world there are over 50‚000 flights per day by plane‚ and over 78‚000 passengers on trains in the U.S. Trains stations‚ Airports‚ and Bus stations are the most vulnerable‚ and also a magnet for terrorist attacks because of low budget for security and public awareness. Around the world‚ there have been terrorist attacks that have made the world
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Outline Comments Topic: How culture affects economic growth. TS1: The first aspect of culture that affects the economy is people’s way of life. TS2: People’s values can also influence a country’s economy. Thesis: Economy can be affected both in positive and negative way depending upon the culture of each country. TS1: Culture is the thing to define the way of living of people in each country. SP1.1: Economy can be affected by people way of living. (eg. How people consume things and services
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LECTURER: MR. MASINDE TASK: A DISCUSSION OF THE ROSTOW FIVE STAGES OF DEVELOPMENT GROPU MEMBERS NAME REGISTRATION NUMBER SIGNATURE NYABUTO MEPHINE BWARI E37/1523/2011 ……………………… BARAZA A. DANIEL E37/1625/2011 ……………………… LUMONYE FAITH JUMA E35S/11325/2010 ……………………… DOUGHLAS NYAKUNDI E37/1509/2011 ……………………… FREDDICK ACHACH E37/1614/2011 ……………………… Rostow’s five stages of Development This theory was written by Walt Whiteman Rostow. In 1960 he suggested countries
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Culture: a vehicle for economic development Cultural industries: Culture is a powerful global economic engine generating jobs and income with a value of US $1.3 trillion in 2005. Global cultural industries account for more than 7% g global GDP During the 1990s‚ the cultural industries grew at an annual rate twice that of service industries and four times that of manufacturing in OECD countries (2009 UWR). However‚ infrastructure investments are needed in the South to enhance and support cultural
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This paper argues on both theoretical and empirical grounds that‚ beyond a certain point‚ there is an unavoidable conflictbetween economic development (generally taken to mean ’materialeconomic growth’) and environmental protection. Think for a moment of natural forests‚ grasslands‚ marine estuaries‚ salt marshes‚ and coral reefs; and of arable soils‚ aquifers‚ mineraldeposits‚ petroleum‚ and coal. These are all forms of ’natural capital’ that represent highly-ordered self-producing ecosystemsor
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Air Transportation Air Transportation Definition Evolution of air transportation Definition‚ terminologies and technological innovation The aircraft‚ airways‚ airports‚ and other air transport infrastructure Airline services Types of air transportation Types of airlines and major carriers Airlines and its impact on tourism International and Philippine air transport regulatory agencies (DOTC‚ ATO‚ CAB‚ ICAO‚ IATA) Roles and importance of air transportation Issues and concerns in air
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financial liberalisation (FL) on economic development in less developed countries (LDC). The paper is divided into several sections; the first examines the concept of financial repression and the second introduces the Mckinnon-Shaw thesis of financial liberalisation; section three looks at the critique of Mckinnon-Shaw thesis. This paper presents some evidence that will indicate a positive relationship between financial liberalisation and economic development (e.g. growth rate). However‚ this relationship
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and Economic Development Swapnil S. Bagmar 06HS2004 Development Economics term paper (Spring 2007-08) International trade International trade is the exchange of goods and services across international boundaries or territories. In most countries‚ it represents a significant share of GDP. While international trade has been present throughout much of history‚ its economic‚ social
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