IS DETERMINED Productivity is the quantity of goods and services produced from each unit of labor input. Productivity’s key role in determining living standards is as true for nations as it is for stranded sailors. Recall that an economy’s gross domestic product (GDP) measures two things at once: the total income earned by everyone in the economy and the total expenditure on the economy’s output of goods and services. GDP can measure these two things simultaneously because‚ for the economy as
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INDIVIDUAL ASSIGNMENT Q1. What is meant by the term resources? What are the four factors of production and explain the factors incomes associated with each factor of production (20 marks) a) Resources means being able to produce something that can be a good or service. For e.g. the sun‚ trees‚ natural gas‚ materials‚ staff. b) The four factors of production are land‚ labor‚ capital and entrepreneurship. (i) Land- is considered the natural resources or raw materials we find on the earths surface
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Factors Affecting the Four Functions of Management. Numerous factors impact the four functions of management. The functions of management include: planning‚ organizing‚ leading‚ and controlling. Key components include: external‚ internal‚ globalization‚ technology‚ innovation‚ diversity‚ and ethics. A prime external factor would include the current state of the of the United States economy. Consumers may not be purchasing as many Hershey products this year as they did last year‚ due to staple
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What is modern sport? Throughout the 1970’s‚ sociologists used the conflict and functionalist theory to lead their examination of sports in society. Each theory is based on different assumptions about the establishment of social order in society and different conclusions about the significance and consequences of sports in civilization. (2) Sociologists using the conflict theory‚ view society as an ever-changing set of affairs‚ characterised by intrinsic differences of economic interest. Social
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THE FOUR PRIMARY MODERN DREAM THEORIES Freud‚ Sigmund: DREAMS AS WISH FULFILLMENT. The most famous dream theory in psychology is that proposed by Freud in 1900. According to Freud‚ dreams are disguised wishes originating in the unconscious mind and reflecting id drives‚ usually sexual‚ that the superego censors. Hence‚ the ego‚ in order to satisfy the needs of the id‚ presents an image (manifest content) that appears to be innocent but actually symbolizes the repressed desire. Example‚ recurring
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Indian Economy: Current Problems and Future Prospects ms and rethinking of the pre-crisis policy regime‚ and even more importantly our development strategy‚ were called for. This realization led Dr. Singh to initiate systems reforms. In my view‚ these reforms would not have been initiated but for two external events. First was the collapse of the Soviet Union and its economy‚ whose central planning was the model for our own development. Second was the phenomenal success of China since the opening
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What are the factors that contribute to a good movie? In today’s modern globalization era‚ people nowadays tend to spent most of their leisure time pleasuring and indulging themselves in watching movies and films. Approximately 80 to 90 movies were produce simultaneously by the film-makers industry every month around the globe. There are outrageously tons of different kinds of movies we can name in the film industry today‚ mainly Hollywood‚ Bollywood‚ Kollywood‚ Tollywood and other ‘-woods’ we can
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“Is Gender Biologically Determined?”- Drawing upon ethnographic examples from 2-3 societies. Gender being ‘biologically determined’ means that whether gender is inherited or passed down by genetics. If a person is a man or woman‚ (which is usually called ‘The Sex’)‚ that is biologically determined because they inherit the chromosomes to be born a man‚ or to be born as a woman. In the early 1970’s sex was described by “biology as: anatomy‚ hormones‚ and physiology” (West and Zimmerman 1987). Apart
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Origins of the Modern World: Chapter Four Robert B. Marks stated the Industrial Revolution Changed world by enabling societies to escape the constraints of the old regime and to build whole new economies and ways of organizing human life on the basis of stored sources like coal (118). The beginning of the Industrial Revolution was marked by the replacement of wind‚ water‚ and animals for powering machines (95). This switch allowed for stable and consistent power sources‚ allowing for more products
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One of the major contributors to Florida’s economy is revenue from tourism. Tourism attractions such as amusement parks‚ water parks‚ museums‚ and habitat viewing. However‚ with the increase of tourism‚ the ecology of Florida has been affected in many dangerous ways. Pollution‚ destruction‚ and overpopulation of ecosystems are among the top result‚ according to a study from the University of Vermont. The coral reefs in the Key West are especially targeted by these effects‚ since they provide habitats
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