1. What is trading standards? What impact can they have on your business? Trading Standards is the name given to local authority departments in the UK formerly known as Weights and Measures. Frequently‚ the Trading Standards enforcement functions of a local authority are performed by a small part of a larger department which enforces a wide range of other legislation: environmental health‚ health and safety‚ licensing and so on. 1 What you sell There are a few general laws that affect all consumer-facing
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Course: Pre-U Economics Between 2009 and 2011 Ireland’s real GDP is expected to fall by more than 10%. Explain what is meant by this‚ and examine the extent to which measure of national income are an accurate reflection of living standards in more economically developed countries (MEDCs). Being an MEDC‚ Ireland is one of the few economically developed countries being tipped to fall in real GDP from 2009 to 2011. To reiterate‚ Ireland have not been making positive progress in terms of their
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Chapter 7 Measuring a nation’s income The economy’s income and expenditure GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy’s output of goods and services. GDP can perform the trick of measuring both total expenditure because these two things are really nearly the same. For an economy as a whole‚ generally‚ income must equal expenditure This is true because: An economy’s income is the same as its expenditure because every
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Living in a foreign country cannot be better that living in your own. Since the beginning of civilization people have to struggle with everyday problems. It is widely believed that life in a foreing country is free from many difficulties that we have to struggle with in our country‚ however‚ living in a foreing country has more drawbacks than advantages. First of all‚ one of the foremost disadventages of living in a foreing country is the language barrier‚ as one’s first language will
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The difference between living at home and living with a spouse If someone would have asked me at 17 years old if this is what I expected living on my own. I would have never imagined this is how it was going to be. Moving from my parents’ home and into my own place with my spouse was definitely a complete change as well as a challenge from what I was used to. I do not think that I could have prepared myself for how different it was really going to be. I went from everything being done for me‚
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BUS305 WINTER‚ 2013 MODULE 3 CASE ASSIGNMENT 02/02/2013 What is the difference between a final good and an intermediate good? Intermediate Goods Intermediate goods by definition are used as a raw material for further production of other goods for its manufacturer (Bouman‚ J.‚ 2012). In the calculation of national income goods which are used for resale in the same year are also treated as intermediate goods (Bouman‚ J.‚ 2012).
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Topic: What are the differences between living in a big city and in the countryside? There are many more people living in the city than living in the country. In this essay‚ it will be shown that living in the city is better than living in country. It will be discussed about the differences between living in city and living in country in terms of work‚ transport‚ convenience‚ markets. Firstly‚ working in city is better than working in country. It seems that people living in city work safer and
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INTRODUCTION Defining and measuring the standard of living The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real national output per head of population or real GDP per capita. This is the value of national output divided by the resident population. Other things being equal‚ a sustained increase in real GDP increases a nation’s standard of living providing that output rises faster than the total population
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Comparing between living in dormitories and living at home There are different places where students can live in while studying in different universities and colleges like‚ houses‚ dormitories and hostels. There are many similarities between living in dormitories and living at home. Nevertheless‚ they are different in certain ways. Living in dormitories and living at home has many things in common. Firstly‚ they both have some facilities that help the students to live an easy
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The different lifestyle between living the country and in the city Everyone has the different lifestyle. City lifestyle and country lifestyle are two different types of livings. There are some most different thing between living in the country and in the city are the environment‚ job opportunity‚ cost of living‚ and social life. The environment in the countryside and the city is very different. There are less pollution‚ fewer cars‚ and fewer factories in the countryside. Moreover‚ there are
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