Polley Ancient History – Cities Of Vesuvius James Polley Ancient History – Cities of Vesuvius Question 1 Economy Ancient economies are seen in two different perspectives; a modern economy‚ with money making strategies and exploits‚ and the local economy idea where local needs where satisfied with limited resource exploitation and technological development. Whatever type of economy the cities of Vesuvius were though‚ it is clear that large amounts of wealth was being obtained through various
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America has dealt with many up and downs‚ when comes to its economy. Therefore programs like the welfare have been created and designed in order to help society get back on their feet. Yet many different questions arise throughout the country‚ when it comes to welfare aid programs. Such questions like‚ welfare benefits pays more that an entry level job? Or the welfare is being too generous to lower class people. As a result in my macro economy class each student was assigned with a very interesting article
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WORKING PAPERS SERIES HOST COUNTRY BENEFITS OF FOREIGN INVESTMENT Magnus BlomstrOrn Working Paper No. 3615 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 1991 This paper is part of NBER ’s research program in International Studies. Any opinions expressed are those of the author and not those of the National Bureau of Economic Research. NBER Working Paper #3615 February 1991 HOST COUNTRY BENEFITS OF FOREIGN INVESTMENT ABSTRACT This
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------------------------------------------------- Aims and Objectives Aims 1. To describe the factors which lead to smoking in the community of Golden Spring. 2. To bring to ‘fore’ effects relating to the use of the demerit good‚ tobacco. 3. To outline the different types of tobacco. Objectives 1. To assess solutions which can be brought forward by the government to reduce the issue of the high consumption of smoking substances and the purchase of it. -------------------------------------------------
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ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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Planned Economy: "The social good" In a planned economy‚ the factors of production are owned and managed by the government. Thus the Government decides what to produce‚ how much to produce and for whom to produce. Features: • All resources are owned and managed by the government • No consumer OR producer choice • The market forces can’t set the price for goods or services • Profit is not the main objective‚ the government aims to provide services and goods to everybody • Government decides
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questions from PART A and three (3) questions from PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 4 printed pages © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
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[pic] THE NETWORK ECONOMY The Network Economy The history of economics of the Industrial Revolution since its beginnings is based on growth. Growth of people meant more customers and growth of production‚ which lead to growth in profits. This so-called “old” or traditional economy was based on bulk production‚ demanding large quantity of resources and limited know-how. The traditional economy‚ according to Alfred Marshall was based on diminishing returns. According to him producers
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Which is best for the economy: employment stability or employment flexibility? A recent article in the ILO’s International Labour Review analyzes the relationship between employment stability and productivity in six major sectors in 13 European countries. According to the authors‚ both‚ extensive and short job tenure can produce adverse affects on productivity. They propose a policy of ’protected mobility’ on the labour market‚ together with active labour market policies seeking to combine both
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support to raise the minimum wage because they think it can help employees to get higher wages. Others point out that raising the minimum wage will hurt both individuals and the whole society. Generally‚ there are both advantages and disadvantages of raising the minimum wage. In my opinion‚ the disadvantages of raising the minimum wage are more than advantages. There are some advantages of raising the minimum wage. For instance‚ workers can have a better income and more people will be willing to
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