A Brief Note on Open Economy ISLM Model (Three-Paned Model) Utility for Business Managers: Firms resort to macroeconomic analysis to make rational judgments about the effects of global events or policy shocks on the economy and thereby on the business environment. But such analysis is often laden with possibilities for logical missteps. The Three- Pane model (open economy IS/LM model) is discussed here as a tool for explaining key relationships in the economy while avoiding the missteps encountered
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The Three-circle Model of World Englishes was developed by Kachru in 1985 and it remains one of the most influential models for grouping the varieties of English in the world (Mollin‚ 2006‚ p.41). Kachru (1985) described the spread of English in terms of three concentric circles: the Inner Circle‚ the Outer Circle and the Expanding Circle. These circles represent "the type of spread‚ the patterns of acquisition and the functional domains in which English is used across cultures and languages" (Kachru
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The managed care delivery model was intended to decrease unneeded health care costs‚ by controlling the level of service along with the type of service that was being provided. This model came in a response to the rocket costs of the unrestricted fee-for-service plans in the 1980s. (PBS.org) Managed care plans are a type of health insurance. There are several ways the managed care model is expressed one particular way is the Health Maintenance Organization or better known as HMO. HMOs have their
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Assignment 2 The three major macroeconomic goals of an economy should be economic growth‚ low unemployment/full employment‚ and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’ (AmosWeb‚ 2012). The growth or loss of the economy is measured by the production of goods made in a year compared to the production of goods made in the previous year. If there is a greater production of goods and services in the present year‚ then there has
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businesses is to maximize profits. 2. What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business‚ a service business‚ or both? The differences between a manufacturing business and a service business is that a manufacturing business changes basic inputs into products that are sold to individual customers and a service business provides services rather than products to customers. 3. Why are most large companies like Microsoft‚ PepsiCo‚
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views the person as developing within a complex system of relationships affected by multiple levels of the surrounding environment‚ from immediate settings of family and school to broad cultural values and programs (Berk‚ 24). This theory has three major structures; the microsystem‚ the exosystem‚ and the macrosystem. The following will include how each system has been applied to my virtual child as well as how different biological‚ psychological and social forces affect development during transitions
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assumptions underpinning the practice of inspection‚ the recent attempts by the Kenyan government to improve school inspection‚ and the major challenges that the future school inspection system will have to address. The chapter concludes by providing some implications for practice and for research. Sources of information include print-media articles from Kenyan major newspapers and magazines on school inspection‚ professional educational journals‚ seminar papers written by professionals‚ and educational
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1. The three major schools of thought surrounding the phenomenon of globalisation are Hyperglobalizers‚ Sceptics and Transformationalists. Hyperglobalizers argues that Globalisation is here to stay. “Today’s global economy is genuinely borderless. Information‚ capital and innovation flow all over the world at top speed‚ enabled by technology and fuelled by consumers’ desires for access to the best and least expensive products”. (K. Ohmae‚ 1995) The main arguments put forward by Hyperglobalizers
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Exercise 1 A Adidas Adidas Three Major Strengths * It appeals to the younger generation * Endorse young superstars * High Performance product Weaknesses * Rigid pricing structure * Least preferred as oppose to Nike * Price to high though is linked to quality Opportunities * Acquisition of Reebok * Growing revenue from opening of town retail stores * Continuing challenges in import/export duties Threats * Doesn’t have strong distribution network
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There are three major sociology theories known as functionalism‚ conflict theory‚ and interactionist perspective. Symbolic interactionism is the use of symbols and is face-to-face interaction. Functionalism has to do with relationships between the parts of society and how the aspects of society are adaptive. The last‚ conflict theory is the competition of scarce resources and how the elite control the poor and week. The symbolic interactionist perspective which is known as symbolic interactionism
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