4. Explain why economists usually oppose controls on prices. The reason most economists are usually oppose about price controls is that they distort the allocation of resources. Price ceilings‚ which prevent prices from exceeding a certain maximum‚ cause shortages. Price floors‚ which prohibit prices below a certain minimum‚ cause surpluses‚ at least for a time. For example‚ let’s say that the supply and demand for milk and eggs are balanced at the current price‚ and that the government then fixes
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In this essay I am going to evaluate the statement if “the unintended consequences of minimum prices often far outweigh the benefits of imposing them”. After having read many articles about these it becomes clear to me that minimum wages have both positives and negatives to all the parties concerned in this issue. For the employers (“A legal entity that controls and directs a servant or worker under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or
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Last week ( February 17‚ 2014 -2014 February 21 ) in the international market prices of important commodities continue to rise overall ‚ non-ferrous metal prices well supported by the rise in the euro zone economic data . But the market ‚ the U.S. economic growth concerns limit the price increase .price of sand and gravel production line Last week‚ Germany and France show strong economic growth in the fourth quarter is expected ‚ indicating the euro zone economic recovery accelerated . However
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Price / Earnings Ratio Q1: (Introductory) What three alternative measures of the price-earnings ratio (P/E ratio) are described in this article? Answer: Following are three price-earnings ratio described in the article: 1. P/E ratio 2. “Forward” P/E ratio 3. “Trailing” P/E ration Q2: (Advanced) Which of the three measures matches the definition of the P/E ratio given in your textbook? Explain your answer. Answer: Books has only discuss the simple P/E ratio‚ PE ratio measures how much investor
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Marketer of the Year Capturing the Market Share Company overview: Established in 2009‚ BERG Global has evolved into one of the fastest growing mobile handset companies in India. BERG Global Ltd. has shown profitability and growing sales since the first year of operations. Company’s core values are Integrity‚ Adaptability and Passion for Excellence. The Brand operates to ‘Create Possibilities’. With a wide product portfolio of tablets‚ feature phones and smart phones‚ BERG Global Ltd. offers unique
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focus include: * Constructing a coherent picture of the individual and his or her major psychological processes * Investigating individual differences—how people are unique * Investigating human nature—how people are alike "Personality" can be defined as a dynamic and organized set of characteristics possessed by a person that uniquely influences his or her cognitions‚ emotions‚ motivations‚ and behaviors in various situations. The word "personality" originates from the Latin persona‚
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reasonable safe. If there is no security‚ there is no legitimacy. Legitimacy associated with security is rule of law. The second way of achieving legitimacy is governing well in which government tries to ensure economic growth and job so that people can feed their families. The third way is contributing the structure of government to its legitimacy so that people feel they are fairly represented and have a say in selection of their officials. The fourth ways of achieving legitimacy
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requires the reviewer to suggest ways to which the Government can help to control house prices although there are various factors that contributed to the rise of affordable housing. Argue your case critically and creatively. The source and nature of your literature will be very helpful in presenting your case including the depth of your review of the literature. Literature Review Housing affordability is one of the key factors that can describe the socioeconomic stability and development of a country
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Why international business is important for Thailand? Nowadays international business has played an important role in globalization. Many countries are interested in international business and try to push their companies to become international businesses. Why many countries interested in international business? The simplest answer is that they want to enlarge their market to other countries. They also get lot of benefits such as avoiding transport cost‚ seeking the lowest cost and escape trade
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want to be recognised by their boss‚ organisation want to be recognised by consumers‚ some aim at appreciation from the masses or their peers in general and usually‚ organisations aim for affirmation (For example‚ ISO or Cast Trust awards). Marketers in this case had used the consumer-driven approach‚ consumer wants are the drivers of all strategic marketing decisions. Every aspect of a market offering‚ including the nature of the product itself‚ is driven by the needs of potential consumers
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