investments of their owners. This is done through the social and economical role of a business. Economic roles are concerned with the financial impacts that the activities of a business have on various groups in the business environment. The economic roles are wealth creation‚ employment and innovation. Social roles are focused on the impacts of a business on the community. Social Roles are entrepreneurship‚ choice and quality of life. Economic roles are important for a business as they can increase
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What were the economic and social results of the agricultural revolution? Agricultural revolution often called as Neolithic revolution is period when people started to produce food. Before agricultural revolution people obtained food through hunting and gathering. However during the agricultural revolution‚ people learned how to produce food by farming or ranching. Thus Neolithic people could end their nomadic life. People started to settle in one place. Also thanks to the agricultural revolution
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In the eighteenth century the theory of the stages of economic development began to evolve. Adam Smith believed that underdeveloped countries went through four stages in order to achieve a high level of economic growth. These stages were titled hunting‚ pastoral‚ agricultural and manufacturing. Karl Marx also believed that there were four stages‚ he titled them capitalism‚ socialism‚ feudalism and communism. It is believed that Rostow’s theory which contains 5 stages is an extension of these theories
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Economic and social aspects of marketing Sometimes criticized for its impact on personal economic and social well-being‚ marketing has been said to affect not only individual consumers but also society as a whole. This section briefly examines some of the criticisms raised and how governments‚ individuals‚ and marketers have addressed them. Marketing and individual welfare Criticisms have been leveled against marketers‚ claiming that some of their practices may damage individual welfare. While
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THE Social Impact of the Vietnam War Jess Carrignan December 10‚ 2010 A.P. U.S. History Changes in societies have occurred since the very first civilizations and continue to occur today. Each society is a reflection of the art and music‚ as well as the people and their values and beliefs of the people of the time. The social structure of the people is very much shaped by the events that occur during that particular generation. Often in history major events such as wars and natural disasters
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What is social capital? Why is it important for a society? The sociological concept of social capital is developed in conjunction with the concepts of human capital and physical capital which has clear distinctions among them to explain theory of social relations (Jackman and Miller‚ 1998). Unlike human capital and physical capital which has clear and united explanation‚ social capital has no unified and undisputed definition due to its weak palpability as it comes “from changes in the relations
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What was the impact of increased availability of contraception on British society? The swinging sixties was a time like no other‚ it created a new generation with a new take on life. When people think of the sixties they think of the Beatles‚ the Rolling Stones‚ Twiggy‚ mini-skirts and sex which is then often recalled as the period in time when Britain became a different place from the generations before‚ it was the “watershed era of freedom that changed society forever” says Dominic Sand brook
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important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately‚ contrary to this widespread belief‚ critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief‚ they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it. It is to this regard and in light of these
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The American Revolution was an extremely important event in history; social‚ political and economic aspects all helped develop a very strong revolutionary spirit within the colonists of America. It helped enlightenment philosophers like John Locke or Benjamin Franklin to step up and lead the revolution politically with great success. All these aspects made the American Revolution the historical landmark that it is today; it symbolizes the way that Americans came together to become independent and
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The Economic Impact of the US/Iraq and Afghanistan ECO2013 August 18‚ 2014 Introduction In the past decade‚ the US has engaged in a number of wars with countries in the Middle East with regard to increased terrorism threat in the world. Presently‚ the US troops are engaged in armed conflict with the Taliban groups in Afghanistan and Iraq‚ and is contemplating engaging its troops in Syria to combat the Syrian government in the Syrian civil crisis. This move
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