Free market economy stimulates greater economy growth‚ whereas state-directed or command economy stifles growth. Discuss. An economy can be defined as the production of the nation in a period and consumption of goods and services. The two main systems of economy are free market economies and command economy. There are lots of arguments about which is better for the growth of nation’s economy. This essay is about both the two economic systems and how they impact the growth of economies‚ it will be
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The Competition: Maintaining Advantage Maintaining competitive advantage in today ’s ever-changing business environment is not a simple task. For any company to maintain a competitive advantage‚ the company must develop the advantage such that it is "rare‚ costly to imitate‚ no substitutable‚ and nontransferable" (Snyman‚ J.H.‚ 2006). Along these lines‚ Michael Porter has provided five competitive forces that can assist any company in maintaining the advantage. These forces are "the entry of
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INTRODUCTION Competitive advantage(CA) is an advantage competitors gain by providing or offering customers or consumers greater value for their money through product and service differentiation or through lower prices. Maintaining competitive advantage is crucial to many businesses or organizations’ success in order to survive in the market. Competitive advantage is characterized by superior performance which could be an attribute to outperform the competitors whether current or potential; or gaining
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1. Competitive advantage A distinctive competence is a unique firm-specific strength that allows a company to better differentiate its products and/or achieve substantially lower costs than its rivals and thus gain a competitive advantage. Resources are financial‚ physical‚ social or human‚ technological‚ and organizational factors that allow a company to create value for its customers. Company resources can be divided into two types: tangible and intangible resources. Tangible resources are something
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Federalists Advantages Federalists had several advantages in promoting the Constitution over the anti-federalists. The Federalists were for the Constitution because they wanted a more conservative government‚ where as the anti-federalists were against it because they didn’t want the government to be in control of everything. George Washington‚ the first president of the United States‚ was one of many of the advantages the Federalists had over the Anti-Federalists. For starters‚ he was
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Migrants of mixed-race origin - like Leila in The Final Passage‚ inherently suffered against racist attitudes in 1950’s Britain. In Black‚ white or mixed race? It is noted that: ‘mixed-bloods’ were seen as anomalies‚ demonstrably neither one race not another and as such they tended to arouse discomfort.’ This distaste for racial mixing was reflected in the derogatory names given by white people to those of mixed parentage such as ‘mulatto’ the Portuguese word for ‘mule’. The latter resulted in
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Advantages of the Smart Phone Blythe Oade Baker College Smart phones combine the versatility of cell phones‚ gaming consoles‚ PDAs‚ and personal computers into one handheld device. Whether people need them for personal or business use‚ they can find a smart phone to customize that meets their liking. “It seems America is getting hooked on the smart phone. We depend on these modern Swiss Army knives for everything from planning our schedules to checking the news‚ finding entertainment and managing
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children. It will focus on the various disadvantages and advantages of disciplining children. To begin with will it will firstly present the disadvantage of disciplining children which includes firstly it leads to rebellious behavior of children secondly it contributes to emotional fallout in children and finally it will focus on the psychological effects on children. Thereafter it will focus on the advantages of disciplining children. The advantages are it develops self-control and self-discipline. Likewise
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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improve living standards but it also will make things worse. In this assignment‚ we will discuss about the pure capitalism and communism economy system fail to become the dominant economy system in today economy. Economic system‚ a system to resolve the basic economic problem. There are some economic system for our economy. Capitalism‚ communism and the mixed economic system is the economic
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