2.a Explain how economic systems attempt to allocate and make effective use of resources. We have 3 types of economy system: - Market economy - Command economy - Mixed economy * Market economy: based on private companies‚ a lot of decisions based on market mechanism. In nature‚ market economy is decentralized‚ flexible‚ practice and can be change. Supply‚ demand and solvency influence on deciding ( còn thiếu) * Command economy: * Mixed economy:
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the communication is being presented? A- I need to know the audience so that I can come to their level and be able to communicate effectively. 2. Describe the different methods of communication? A- Written and oral communication. Oral communication could be verbal or non verbal. Q3 Explain why it is important to check the accuracy of your written communication. How do you check it? A- It is important to check accuracy of my written communication because I want the other person to understand
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I. Definition A two-way chart which describes the topics to be covered by a test and the number of items or points which will be associated with each topic. A blueprint for an objective selected response assessment. II. Purpose 1. To coordinate the assessment questions with the time spent on any particular content area‚ the objectives of the unit being taught‚ and the level of critical thinking required by the objectives or state standards. 2. To identify the achievement domains being measured
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An economic system is the result of individuals (consumers and producers)‚ groups (firms‚ trade unions‚ political parties‚ families etc) and the government coming together and interacting in a legal and social society. The function of an economic system is to resolve the basic economic problem - scarcity which means that the resources are limited but wants are infinite. This distribution has three dimensions: * What is to be produced * How is it to be produced * For whom is it to be produced.
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and efficient service. Human Resource Department of Sunway Hotel and Resort Human resource department is a department which responsible to ensure people employed by the organization are being used efficiently and effectively as possible. Human resource department play an important role in the company which to help the company to achieve their goal. Human resource department will assist and support their business partners‚ managers and executives in various Human Resource. Besides‚ they will give support
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gains/loses What is a good tax system? 1 – distribution of tax burden should be fair > tax equity 2 – tax system should improve the smallest excess burden and should minimize distortions to economic behavior > tax efficiency 3 – administration should be easy and administrative costs should be as low as possible 4 – tax system should be easy to understand and relatively easy to comply with and it should be applied in a non-arbitrary way 5 – tax system should generate required revenues
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Economic Systems The way a country’s resources are owned and the way that country takes decisions as to what to produce‚ how much to produce and how to distribute what has been produced determine the type of economic system that particular country practises. 1. MARKET ECONOMY (also called FREE ENTERPRISE ECONOMIES or CAPITALIST ECONOMY) 2. CENTRALLY – PLANNED or CONTROLLED ECONOMY 3. MIXED ECONOMY 1. MARKET ECONOMY in comparison to 2. PLANNED ECONOMY e.g. USA‚ Japan Private firms
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Economics Notes 2011-2012 Contents SECTION 1 – MICROECONOMICS Chapter 1 : page 2 Chapter 2 : page 6 Chapter 3 : page 10 Chapter 4 : page Chapter 5 : page 11 Chapter 6 : page Chapter 7 : page Chapter 8 : page Chapter 9 : page Chapter 10 : page Chapter 11 : page Chapter 12 : page SECTION 1 – MICROECONOMICS 1. The foundations of economics Economics – Social science‚ a study of people in society and how they interact with each other. A study of rationing systems‚ the
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How to communicate effectively Good evening everybody‚ I hope you enjoy my speech. My topic today is communication. My speech is titled “How to communicate effectively.” Because I am a poor communicator‚ especially to communicate in English. Today my purpose is to hope you all can become effective communicators. Let’s discuss effective communication techniques. Getting your pointacross and letting people know how you feel is very important. Sometimes bad decisions are made and people come
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Chapter 1 – The Five Foundations of Economics • Scarcity: The limited nature of society’s resources • Economics: The study of how people allocate their limited resources to satisfy their unlimited wants • Time‚ energy‚ and financial cost toward acquiring materials • Air and gravity are examples of things we don’t worry about‚ or aren’t scarce • The ability to look at the benefits of the activity and weigh it against the cost is thinking like an economist • Making choices is all about comparing
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