WHAT IS THE FUNCTION OF THE WELFARE STATE? The question set is so broad that I shall have to be selective. I shall conduct my answer in relation to the British Welfare State. Before we can successfully understand the function of the Welfare State we must first be clear of its definition. Although I recognise that Britain has a long history of providing forms of welfare to its citizens though relief like the poor-law between the sixteenth and twentieth centuries‚ I intend to look at the post-war
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The repercussions of the economic crisis are not going to disappear in the short What is economic crisis? * An economic crisis is A situation in which the economy of a country or countries experiences a sudden downturn brought on by a financial crisis. A financial crisis is a situation when money demand quickly rises relative to money supply. Until a few decades ago‚ a financial crisis was equivalent to a banking crisis. Today it may also take the form of a currency crisis. Many economists have
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August 2012 CHAPTER I PROBLEM AND ITS BACKGROUND The Importance and Functions of the Basic Input-Output System (BIOS) Introduction Nowadays‚ many computer users around the world encounter a problem regarding Basic Input-Output System (BIOS). It is usually seen when a computer failed to shut down successfully where one can read the phrase “Enter BIOS system” on the options but not everyone knows what is it for‚ how does it function and is it necessary to be familiar with. That is why we have chosen
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Table of Content Table of Content 1 TASK 1 2 a) Explanation on economics system attempt to allocate resources effectively. 2 b) Assessment on the impact of fiscal and monetary policy on business organisation and their activities. 9 c) Explain Malaysian competition policy and other regulation that may impact company. 15 TASK 2 17 a) Explanation on how market structures determine pricing and output decision of business. 17 b) Illustration on the way in which market forces shape organisational responses
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The kidney is made up of nephrons‚ which are a kidney’s functional units. These nephrons collect fluid filtered from the blood. The kidney connects to the renal artery‚ renal‚ vein‚ and ureter. Purified blood leaves the kidney using the renal vein‚ urine leaves using a ureter and the renal artery carries blood from the aorta to the kidney. The nephron has a cup-shaped nephric capsule that surrounds a cluster of capillaries called the glomerulus. A good deal of fluid from the blood filters into the
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D1 – Analyse how two body systems interrelate to perform named functions The circulatory system and the respiratory system work closely together to ensure that organ tissues and systems receive enough oxygen. Oxygen is required for cellular functions such as cell respiration. This is so the body’s organs and cells can work at fully; it is done by releasing chemical energy with in stored foods. The air breathed in and held in the lungs is transferred to the blood. The blood is circulated by
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CHAPTER 1 1. What is the typical relationship between interest rates on three-month Treasury bills‚ long-term treasury bonds‚ and Baa corporate bonds? The interest rate on three-month Treasury bills fluctuates more than the other interest rates and is lower on average. The interest rate on Baa corporate bonds is higher on average than the other interest rates. 2. What effect might a fall in stock prices have on business investment? The lower price for a firm’s shares means that it can raise
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BETWEEN FINANCIAL DEVELOPMENT BY PROVIDING LONG TERM INVESTMENTS AND ECONOMIC DEVELOPMENT AS INCREASE IN STANDARD OF LIVING ……………………….Pg.3 2.Abstact…………….......................................................................................Pg.3 3.Introduction………………………………………………………………Pg.3-5 4. Economic Issues and Methods………......................................................Pg.5-6 5. Microeconomics and Microeconomics…………. ……………………...Pg.6-7 6.Economic Growth versus Economic Development…………………
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What is financial inclusion? term as “the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost”1 Poverty versus financial inclusion: (a) India is home to one-third of the world’s poor‚ who make up 42 percent of the more than 1 billion Indian people; (b) out of India’s population‚ 76 percent‚ i.e.‚ 800 million people‚ live below the poverty line of $2.50 a day; and (c)
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Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
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