TYPES OF ECONOMIC SYSTEMS The world’s economic systems fall into one of four main categories: traditional economy‚ market economy‚ command economy and mixed economy; however‚ there are unlimited variations of each type. An economic system must define what to produce‚ how to produce it and for whom to produced it. Depending on the products produced and the environment‚ certain economic strategies will be more successful than others. Traditional A traditional economic system is one in which each new
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economic system refers to the structure in society within which we make decision about: (a) What to produce (goods and services) (b) How to produce the goods and services (c) Where to produce (d) How to allocate and distribute the goods and services to meet the demands. The four main kinds of economic system are: (1) Traditional (subsistence) Systems (2) Market or Commercial Systems (3) Centrally Planned System (4) Mixed Economic Systems Subsistence Economic Systems: An economic system under
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Categorizing Monitoring Before we look at the various types of monitoring‚ let us define some categories for the monitoring types. There are three basic categories of monitoring; technical monitoring‚ functional monitoring and business process monitoring. These three categories have a very clear hierarchy. Assuming well-configured monitoring‚ a green light on a higher level indicates that all levels below it are performing well. If there are any red lights on a lower level‚ this is an indication
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Types of Operating Systems Within the broad family of operating systems‚ there are generally four types‚ categorized based on the types of computers they control and the sort of applications they support. The categories are: * Real-time operating system (RTOS) - Real-time operating systems are used to control machinery‚ scientific instruments and industrial systems. An RTOS typically has very little user-interface capability‚ and no end-user utilities‚ since the system will be a "sealed box"
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2.1 TYPES OF OPERATING SYSTEM A. Batch Operating System- Batch processing is the most primitive type of operating system. Batch processing generally requires the program‚ data‚ & appropriate system commands to be submitted together in the form of a job. Batch operating systems usually allow little or no interaction between users & executing programs. Examples of such programs include payroll‚ forecasting‚ statistical analysis‚ & large scientific number-crunching programs. Serial processing combined
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TYPES OF OPERATING SYSTEM Real-time Operating System: It is a multitasking operating system that aims at executing real-time applications. Real-time operating systems often use specialized scheduling algorithms so that they can achieve a deterministic nature of behavior. The main object of real-time operating systems is their quick and predictable response to events. They either have an event-driven or a time-sharing design. An event-driven system switches between tasks based of their priorities
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economic system is the market economy. The market economy is a system of supply and demand. They produce and what size is controlled by price mechanism (Ebert/griffin‚ pg. 11). For example the consumer decides whom he or she wants to buy from and what they will pay for it. In a market system an individual can choose what business they want to do business with or even if they want to operate a business themselves. The last economic system is the mixed market system. The mixed market system can
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The Charging System The charging system provides the electrical energy required by the various electrical systems and also keeps the battery charged. Types of charging systems 1. Dynamo This was the type of electrical generator used on older vehicles. It consisted of a rotating conductor inside a fixed magnetic field. Rectification of the A.C. current to D.C. was by means of a commuter. Output of the dynamo was limited due to the rotating speed of the conductor 2. Alternator In the alternator
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Five Types of IT Systems Five different IT systems are social media‚ cloud computing‚ big data‚ next generation mobile‚ and consumer technology. They have affected business in the last few years by helping them reach larger audiences than ever before‚ giving more choices to consumers with what goods they get‚ and they have made business more competitive overall since they not only need to watch their competitors‚ but emulate what works for them. Social Media Social Media/Business (Facebook‚ Twitter
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TYPES OF NEGOTIABLE INSTRUMENT Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note‚ bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognised by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques. Negotiable instruments recognised by usage or custom are: (i) Hundis (ii) Share warrants (iii) Dividend warrants (iv) Bankers draft (v) Circular notes (vi) Bearer debentures (vii) Debentures
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