12-Sep-13 Objectives of firms 1. Profit Maximisation In neo-classical economics it is assumed that the interest of owners or shareholders are the most important. Just as consumers attempt to maximise utility‚ shareholders main motivation is to maximise their gain firm the company. Therefore‚ one of the main objectives of firms is to maximise profit. Profit is the reward for the risk-bearing function of the entrepreneur. The firm is in equilibrium‚ and is maximising profit‚ when it
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McAdams April 15‚ 2015 Altruism and Why We do What We do There are two types of people in the world‚ those who play and those who watch. Players find themselves getting involved in whatever they are passionate about. Those who watch find themselves warming the bench‚ not contributing‚ and missing out. One important game we play in life is connected to altruism. Someone who plays in the game of altruism participates in service and doing things outside themself. Why do they act so selflessly? If someone is
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The situation of women in Pakistan "No nation can rise to the height of glory unless your women are side by side with you; we are victims of evil customs. It is a crime against humanity that our women are shut up within the four walls of the houses as prisoners. There is no sanction anywhere for the deplorable condition in which our women have to live." Mohammad Ali Jinnah‚ 1944 (taken from the US Library of Congress report "Pakistan - A Country Study") Men‚ Women‚ and the Division of Space
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Nutritional status of Filipinos Filipinos has been experiencing many problems. One of those problems is their nutritional status. Filipinos are one of the unhealthiest persons in the world and are considered malnourished or obese. We may seem physically fit but are we truly certain that it is true‚ that we receive our proper nutrition‚ the personal nutrition our body needs? Our country has a very young population‚ it consists mostly of youth and despite that we are experiencing malnourishment
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this point in my life‚ not in contrast to Singer‚ but in agreement with him. In the first few pages of The Most Good You Can Do‚ Singer introduces us to Matt Wage‚ who chose to enter a career in finance in order to donate more money. Singer encourages people to “[choose] the career in which they can earn the most‚ not in order to be able to live affluently‚ but so they can do more good.” Effective Altruism is entirely focused on the consequences of their actions‚ and with regards to donations‚ how
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Selling Pencils On Fifth Avenue Claire Piekarski The average American will walk down a street‚ head tucked down‚ eyes straight ahead‚ feet moving quickly‚ without giving their surroundings a second glance. A few may stop to tie a shoe or buy a paper. And an even fewer number will notice those who walk beside them whether they be white‚ black‚ crippled‚ or of good-health. Not to say this can be applied to all Americans‚ there are some that are very generous and try to do good in their community
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Employees Duty to the Firm Harmony between employees and employers is only possible only when there is no selfishness in the relationship. There are a lot of employers or firms obligation to an employee. But for every employer’s obligation there is also a corresponding obligation or responsibility of employee to the employer. While employers give what is just and right‚ employees should also be obedient‚ because obedience counts a lot. An employee should be respectful while an employer should not
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I. Introduction: Statement of Purpose The Nature of The Firm is an article by Ronald H. Coase. It presented an economic enlightenment of why those who prefer to structure companies‚ or partnerships‚ and or further business thing rather than operating two-sidedly throughout contracts on a marketplace. The purpose of Ronald H. Coase in writing the article called “The Nature of the Firm” is to elaborate more or state the problem of Economic Theory in its failure to state clearly its assumption. Mr.
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What Benefits Can Traveling Give? Leisure traveling has many benefits. It is no wonder that many people love to travel. It is very common‚ nowadays‚ for people to just get away on a vacation trip any time. Some even consider traveling as part of their routine lifestyle. Perhaps‚ the reason for its popularity is because more people have come to realize the benefits of traveling. People from all walks of life‚ both young and old‚ enjoy traveling. Most of the younger travelers tend to seek for
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During World War II in 1942‚ artist J. Howard Miller designed a poster to boost worker morale for Westinghouse Electric titled We Can Do It. Although only on display for a short period in Westinghouse’s factories‚ it has become one of the most famous posters from World War II. The picture is of a woman on a yellow background‚ a blue shirt‚ and a red scarf with what most people think is polka dots but is in fact bombs. Rosie has her right hand in a fist‚ raised towards the sky‚ and the other hand
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