ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
Free Economics
Abstract Political euphemism is a tool for political leaders to control information transmission. Based on some examples‚ this paper begins with a summary of three features which distinguish political euphemism from others. Then‚ it discusses its two social functions based on Austin’s Speech Act Theory: 1. as political leaders’ tool‚ political euphemism plays the role of hiding the truth and legalizing wrong behaviors; 2. it influences people’s sense of right and wrong as well as their understanding
Premium Speech act Illocutionary act Pragmatics
Introduction THE NATIONAL INCOME One of the basic questions facing economics centers on whether the total output of goods and services is growing from year to year or it remains static. This question is very important because countries are keenly interested in the performance of their economy. National income estimates enable countries to calculate the total production of goods and services in a year. The lecture also focuses on the measurement of national income and their problems‚ uses
Free Gross domestic product Economics
MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
Premium Economics
political economy‚ branch of social science that studies the relationships between individuals and society and between markets and the state‚ using a diverse set of tools and methods drawn largely from economics‚ political science‚ and sociology. The term political economy is derived from the Greek polis‚ meaning “city” or “state‚” and oikonomos‚ meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed
Premium Economics Political economy Political science
Mohamed Waheed Does Political Corruption affect Economic Growth in Transitional Democracies? The call for democracy in the name of economic growth and prosperity has never been louder than it is today. Recent movements such as the “Arab Spring” are attempts to establish a democratic system of government in countries where authoritarians‚ bribery‚ and abject poverty are widespread. According Nye (2009)‚ a professor of economics at Washington University in St. Louis‚ economic growth has a direct
Premium Democracy Political corruption Economic growth
University of Phoenix Material- “Lemel Johnson” July25‚ 2011 Economic‚ Social‚ and Political Change Worksheet Agricultural Revolution Respond to each of the following questions in two to three sentences: 1. What are the three most important factors contributing to the agricultural revolution in Europe? The potato’s vitamins‚ minerals‚ and high carbohydrate content provided a rich source of energy to Europe’s rural poor. It was simple to plant‚ required little or no cultivation‚ and
Premium Communism Industrial Revolution Liberalism
Professor Simon PSC 101 Political Autobiography In my life I have never had any political enforcement or strict religious influence. My parents were very lenient when it came too political preaching. I was taught to be a caring and respectful individual. My political understanding and beliefs have been molded from my early political memories and socialization experiences. As a young adult I have always strived to become knowledgeable about political ideals mainly because I was never really
Premium Sociology Knowledge Ideology
Political effects to America due to Jewish Immigration * Jews played a large part in changing the immigration policies of America in the 19th century. * Jews have been "the single most persistent pressure group favoring a liberal immigration policy" in the United States in the entire immigration debate beginning in 1881. * Throughout the entire period of almost 100 years prior to achieving success with the immigration law of 1965‚ Jewish groups opportunistically made alliances with other
Premium United States Immigration to the United States United States Declaration of Independence
Political Impacts Political stability is usually defined as the state of peace that is normally experienced in a country from the activities from the government and also the government in this situation will make decisions and keeping best interests in mind for people. Government initiatives are when the government can support business through grants and tax reductions. The government have their own initiatives for companies like Asda and these are the health eating and fit for life. These are campaigns
Premium Gender role Religion Ethics