Types of Infrastructure Infrastructure is divided into two major classifications‚ "hard" and "soft". "Hard" is obviously the roads‚ bridges‚ etc. It also relates to the big physical networks essential for the functioning of a modern industrial nation Hard infrastructures refers to physical facilities or installations needed to operate‚ manage and monitor a system with the intention that the structures to be permanent whereas "soft" infrastructure is human capital and institutions that develop it
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7.2 Purpose of forecasting demand Business forecasting is an essential ingredient of corporate planning. Such forecasting enables the manager to minimize the element of risk and uncertainty. Demand forecasting is a specific type of business forecasting. Concepts of Forecasting: The manager can conceptualize the future in definite terms. If he is concerned with future event- its order‚ intensity and duration‚ he can predict the future.
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Consumer expenditure Mini Case John Hawksworth “Opinion: Economic Trends - Saved by the consumer?”‚ Accountancy‚ London‚ Mar 2002 (with minor editing) How long can the UK economy buck the global trend just because our consumers keep spending money? Have we avoided the recession that has gripped the US‚ Japan and Germany over the past six to 12 months or are we just postponing the day of reckoning? And are we storing up worse problems for the future as a result of rising household debt levels
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done to solve their problems (Sekaran‚ 2003). There are two types of research. Both have many similarities in the scientific process of the research; however the end results differ in their use. Both types of research can be business research. “Business research is described as a systematic and organized effort to investigate a specific problem encountered in the work-setting that needs a solution” (Sekaran‚ p5‚ 2003). The first type of research is formal research. Formal research is often referred
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will compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce‚ how to produce‚ and for whom to produce. a. Compare command‚ market‚ and mixed economic systems with regard to private ownership‚ profit motive‚ consumer sovereignty‚ competition‚ and government regulation. b. Evaluate how well each type of system answers the three economic questions and meets the broad social and economic goals of freedom‚ security‚ equity‚
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Between 2001 and 2008‚ the prevalence of type 1 diabetes remained relatively stable‚ which is consistent with findings of a recent report based on data from Australia’s National Diabetes Register suggesting that the incidence of type 1 diabetes is increasing among children but not among young adults (Australian Institute of Health and Welfare). In contrast‚ the prevalence of type 2 diabetes increased by 36% in the adult Australian population‚ which is consistent with previously reported trends in
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There are many different types of music in the world today. Why do we need music? Is the traditional music of a country more important than the international music that is heard everywhere nowadays? Thesis statement: Music is a part of our life‚ no matter it is traditional or international. Music is an inevitable part of our life. We do not even know when and where people first started to listen for music. It is obvious that music is as old as the human being in this world. We were listening to
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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TYPES OF CONTRACTS The risk shared between the buyer and seller is determined by the contract type. Although the firm-fixedprice type of contractual arrangement is typically the preferred type which is encouraged and often demanded by most organizations‚ there are times when another contract form may be in the best interests of the project. If a contract type other than fixed-price is intended‚ it is incumbent on the project team to justify its use. The type of contract to be used and the specific
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Sole trader – Definition: A sole trader is a company started and run by one individual A sole trader - also known as a sole proprietorship or simply proprietorship - is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. Sole trading is widespread- A very large proportion of business conducted in the UK is undertaken by the trader working on his own usually providing his own money (capital) to start
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