government to realise that the impact of the Kosi’s change of course would have been much less if officials of the traditional flood belt of the state were posted there. Yes‚ experience counts a lot during disasters‚ but India can’t afford to adopt unscientific disaster management modules to minimise impacts of repeated natural calamities. For a couple of days‚ flood victims in Bihar had no clue what to do‚ and more importantly what not to do. Meaning of disaster management Disaster Management : disaster
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information. People can find just about anything on the Internet with the click of just a few buttons. File sharing was introduced in the late 70’s and since then‚ has continued to grow. It boomed in the 90’s with the introduction of mp3 files. There are millions of people who use file sharing in legal ways. However‚ that number is masked by the amount of people who abuse the concept of file sharing and downloaded copyrighted material such as music or movies. This topic is very controversial in today’s
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Banning File Sharing Sites In an article found in Just do IP (Issue 42‚ August 25‚ 2000) Talal Shamoon states‚ "People are copying music because they feel somewhat disenfranchised with the options they have at their disposal in the digital space. It’s up to the content industry to create value in the digital arena and they’ve made phenomenal steps in that direction." District Judge Marilyn Hall Patel ruled in favor of the Recording Industry Association of America (http://www.riaa.com/) (RIAA)
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting
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is one of the more basic concepts of economics. Scarcity needs trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost‚ scarcity and trade-off are important in our daily life because it affects us every day in different ways
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Class Serial No- 4. Economics Assignment- Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products
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Apa sih opportunity cost? Untuk yang pernah belajar ekonomi pasti kenal baik dengan istilah ini‚ tapi buat yang lain‚ opportunity cost is : "...the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity)‚ or the most valuable foregone alternative." (Dictionary.LaborLawTalk.com) Kalau diterjemahkan adalah suatu biaya dari hilangnya suatu kesempatan dalam menggunakan sumber daya tertentu. Kalau kita melihat waktu sebagai sumber daya
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Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
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NFL Revenue Sharing To many the NFL may be considered America’s greatest sports league. The league definitely has the numbers to back up this claim. The ever-growing sport has maintained keen interest from fans all across the world‚ all the while generating enormous amounts of revenue. Currently the league rakes in close to $9 billion annually. The success of the NFL is something to marvel at. Even in a shaky economy the NFL continues to flourish. What is interesting about the NFL is how the
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Opportunity costs The first opportunity cost that I made was choosing to enroll in a university that offers online courses or going to a traditional university that only has classroom style learning. The pros of attending online for me included not having to commute back and forth 40 additional miles per day‚ not having to hire a babysitter for my child‚ and I’d be in the comfort of my own home or environment to my liking when I studied. The cons included‚ not having that social connection to my
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