1. What is the ‘economic problem’? The fundamental economic problem is related to the issue of scarcity. Scarcity means that resources are limited and short in supply in the world (e.g. diamond). Because of limited resources and unlimited demands‚ society needs to decide how much to produce and distribute these relatively scarce resources. The basic economic problem can be define as what to produce‚ how much to produce and for whom to produce. Some countries are lucky to have great natural resources
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In the dialogue Crito‚ Crito is making the argument to Socrate that he needs to escape jail‚ because he is an innocent man‚ that he doesn’t deserve to die‚ and that he needs to leave before he loses his life. While‚ Socrate counter argues that he must stay in jail and reserve the punishment that they voted for him‚ because for him to ran and escape jail that in itself is injustice even if he is in fact an innocent man. In Socrate’s counter argument he proclaims that if he and Crito came up with a
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Johnson & Johnson: Planning Vertical Integration Team Synergy April 4‚ 2011 In a competitive market to which Johnson and Johnson operates‚ the smallest of errors can lead to consequences which can cut revenue. When large mistakes occur‚ millions of dollars are lost‚ and even worse‚ there is a loss of customer confidence. Johnson and Johnson has had numerous recalls in their consumer healthcare division recently‚ which rocked the organization’s once sound image‚ and diminished its profits. These
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Contents 1. CHAPTER ONE 2 1.1 INTRODUCTION 2 1.1.1 Background 2 2. CHAPTER TWO 5 2.1 LITERATURE REVIEW 5 2.1.1 Definition of key concepts 5 2.1.2 Gender inequality indicators for education 6 2.1.3 Overview of Gender‚ education and economic development 7 2.1.4 Factors affecting gender equality in education. 8 2.1.5 Gender Equality in Education the Ethiopian Contexts 10 3. CHAPTER THREE 12 3.1 ANALYSIS AND FINDINGS 12 3.1.1 Trend of Gender equality in primary education 12 3.1.1.1 Primary
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$117.99 per barrel. (Source US Energy Information Administration) Economics is the study of using resources in a productive manner and to allocate them in the best possible way. Economics is concerned with the production and consumption of goods and the transfer of money to create and get those goods. Economics tells us how people in the markets communicate in order to achieve what they desire and fulfill their goals. Economics deals with studying the wants and desires of people resulting in creating
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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country to another country. Brain-drain can have many reasons‚ for example-political instability of a nation‚ lack of opportunities‚ health risks‚ personal conflicts etc. Brain-drain can also be named as “human capital flight” because it resembles the case of capital flight‚ in which mass migration of financial capital is involved. Causes of Brain Drain Normally causes of outflow of talented emigrants for developed market economies are covered in general by means of push-pull model .Push and pull factors
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Question 1. What are the vital functions of an Economy? Explain the price mechanism. Answer:- An economy refers to the financial system of the region‚ province or nation. "It is a system by which folks get a livelihood." For instance the "Economy includes farms‚ factories‚ mines‚ shops‚ banks‚ roads‚ railways‚ aircrafts‚ offices‚ schools‚ cinemas etc.‚ which grants the people with the goods and services which they also use themselves or sell overseas in order to be able to buy imports." Sir John
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Economics is the social science that studies the behavior of individuals‚ households‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. Agents are assumed to act rationally‚ have multiple desirable ends in sight‚ limited resources to obtain these ends‚ a set of stable preferences‚ a definite overall guiding objective‚ and the capability of making a choice. There exists an economic problem
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Economics Activity Points % of Total Discuss 105 6% Exam 60 3% Final Exam 100 5% Journal 140 8% Practice 360 19% Quiz 540 29% Test (CST) 350 19% Test (TST) 200 11% Total Points for the Course : 1855 Unit 1: The Game of Economics Lesson 1.1: What Is Economics Anyway? Activity 1.1.1: Study - What Kind of Game? (Documents: Study Sheet) See how economics can be understood as a game with rules that is played by people with different roles. Duration: 40 min Activity
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