ASSIGNMENT No. 1 ECONOMIC ANALYSIS -522- SPRING 2010 Q. 1 DISCUSS IN DETAIL THE TERM ECONOMIC RESOURCES WITH REFERENCE TO SERVICE INDUSTRY. EXPLAIN THE LINK BETWEEN SCARCITY‚ CHOICE AND OPPORTUNITY COST. Ans: ECONOMIC RESOURCES are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.) REA (Resources
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Spending time with friends/spending time with family Can you imagine your life without your family or your friends? Well‚ whether you agree or disagree‚ human beings instinctively tend to socialize with others. However‚ who would you spend more time with‚ is it your family or your friends? As we know we can’t live without either our families or our friends because they represent a huge part of our lives. In this essay we will compare and contrast between spending time with family and spending
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Health Care Spending My position on national health care spending is way too much monies is going out and not enough people supporting the problem. A universal health care plan for every man‚ woman‚ and child who resides in the United States is the most economical way to achieve this goal. All working citizens must have monies automatically taken out of their paychecks and if you can afford more than the basic plan‚ then there will be plans available that you can upgrade to like Aflac. No matter
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entering a deficit. Deficit spending occurs when a government spends more then its revenues during a fiscal period. There are both positives and negatives to deficit spending‚ but the reality is that today many countries are in debt like Canada which is $652‚158‚787‚462.61 in debt. We are taught that debt is bad‚ but when it is used as a tool to promote prosperity the pros out weigh the cons.
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[pic] Scarcity‚ Choice and Opportunity Cost 1. What are resources? Describe two different types of resources. Resources are anything provided by nature or previous generations that can be used directly or indirectly to satisfy human wants. Capital resources include machinery‚ equipment‚ and structures used to produce other goods and services. Human resources include labor‚ skills‚ and knowledge. Products of nature can also be used as resources. Difficulty: E
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When You’ve Got to Cut Costs A practical guide to reducing overhead by 10%‚ 20%‚ or (wince) 30% by Kevin P. Coyne‚ Shawn T. Coyne‚ and Edward J. Coyne‚ Sr. 74 Harvard Business Review May 2010 HBR.ORG Kevin P. Coyne (kevin@ thecoynepartnership.com) is a professor at Emory University’s Goizueta Business School and a former senior partner at McKinsey & Company. Shawn T. Coyne (shawn@ thecoynepartnership.com) is a consultant specializing in innovation‚ marketing‚ and organizational leadership
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working more and earning more money and lead a busy life every day for that. For that reason‚ people are now more aware of important of how to spend their free time from hectic routines. The way of spending free time can be usually divided into two major sections‚ which are spending time with people and spending time alone. As for me‚ I would be on the side of spending time alone‚ since that the better way for recharging myself and for self-development. First of all‚ spending time alone is the better
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non-monetary benefits‚ which encompasses the extrinsic motivation of the sales-person (Luke Ali 2011). Knowing the fact that monetary incentives have been deeply entrenched as the basic method of reward for employees; it must not be assumed that relying on this method solely will be effective. Companies have to consider immaterial benefits to motivate its staffs. What is motivation? Motivation is to initiate action on a certain task. It is to expand a certain amount of effort on that particular task and
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Health Care Spending Paper Health Care Spending Health care spending in America is at an all-time high. The baby boomer generation is reaching retirement age and its dependence on health care is greater than ever before. This burgeoning demand for health care services has put a huge strain on the infrastructure of the health care system that was originally designed to accommodate far less Americans than it currently supports. Many financial experts predict a drastic increase in health
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National healthcare spending HCS/440 November 9‚ 2012 Linda Watson National healthcare spending The United States spends more on health care than any other country in the entire world. The current level of national expenditures is astounding. According to us.governmentspending.com‚ the anticipated total of healthcare spending in the United States is $7‚400.00 per person each year (Kaiser‚ 2009). Over the years the total of healthcare spending has continued to increase at a rapid rate
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