parties. In the case of the personal computer‚ for example‚ the innovators – Apple‚ Xerox‚ etc. – earned modest profits from their innovation. The imitators – IBM‚ Dell‚ Compaq‚ Toshiba‚ etc. – earned rather more in total profits. Nevertheless‚ their returns were overshadowed by the huge profits earned by the suppliers to the industry: Intel‚ Quantum Corp.‚ etc. However‚ because of strong competition in the industry‚ the greatest part of the value created by the personal computer was appropriated by
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Brain drain is also known as “The human capital flight”. It can be simply defined as the mass emigration of technically skilled people from one 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
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Economics 1Assessment Instructions Assessment 2: Individual Assignment‚ 30% of Module Weighting 1.0) RELEVANT MODULE LEARNING OUTCOMES: A. Analyse a range of current economic issues and problems. B. Develop and communicate economic arguments in a variety of forms. C. Be able to make effective presentations of economic arguments. D-J The nature of this assignment is such that students will analyse a particular newspaper article and‚ depending on the subject matter‚ will respond to one
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SUPPLY - LAW OF DEMAND LAW OF SUPPLY - DETERMINANTS OF DEMAND DETERMINANTS OF SUPPLY - DEMAND SCHEDULE SUPPLY SCHEDULE - DEMAND CURVE SUPPLY CURVE The Law of Demand And Supply is one of most important laws in economics. It give us a closer look at the system of exchange in the circular flow. There is exchange taking place because of this law. In the Philippines the law assumes greater importance since our economicsystem prodiminantly market in nature and therefore
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INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level 9708/42 ECONOMICS Paper 4 Data Response and Essays (Supplement) October/November 2011 2 hours 15 minutes Additional Materials: Answer Booklet/Paper * 2 1 8 2 6 0 2 5 0 5 * READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you hand in. Write in dark blue
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BRIBERY SCANDAL AT SIEMENS AG Abstract: This case discusses the bribery scandals that were unearthed at Siemens AG (Siemens) in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. In another case‚ the company was accused of bribing labor representatives on the supervisory board in order to gain their support for its policies. After the German authorities conducted raids
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develop consumer segments that are hitherto untapped‚ even remaining outside the purview of the formal banking system - a classic example of Mahindra Rise Philosophy. MMFSL’s unique business model is socially inclusive and focused at the bottom of the income or social pyramids. MMFSL fulfils the gap in the financial system by a unique ‘Earn & Pay’ business model. It provides loans not for consumption‚ but for income generation‚ be it tractors for better farming or haulage applications‚ vehicles used
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Economics for business TABLE OF CONTENTS Question 1 ................................................................................................................................ 3 Overview of the Mauritian Economy ........................................................................................ 3 Economic Indicators ............................................................................................................ 4 GDP .............................................
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DECISION MAKING IN THE HOSPITALITY INDUSTRY Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the hospitality industry. It is the selection of choice of one best alternative. Before making decisions all alternatives should be evaluated from which advantages and disadvantages are known. It helps to make the best decisions. Strategies for Decision Making It can be argued that an individual
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Consumer expenditure Mini Case John Hawksworth “Opinion: Economic Trends - Saved by the consumer?”‚ Accountancy‚ London‚ Mar 2002 (with minor editing) How long can the UK economy buck the global trend just because our consumers keep spending money? Have we avoided the recession that has gripped the US‚ Japan and Germany over the past six to 12 months or are we just postponing the day of reckoning? And are we storing up worse problems for the future as a result of rising household debt levels
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