about rent seeking and what exactly it is. The idea of rent seeking was discovered by Gordon Tullock in 1967 and in 1974 the expression “rent” was invented by Anne Krueger. Rent seeking is when an entity tries to get some type of income by making full use of a certain resource‚ of some sort‚ without giving anything back to society or the resource they got the income from. When speaking in these terms‚ the word “rent” does not have its usual meaning of paying rent to a landlord. The word‚ rent‚ was
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Miracle creations enterprise’– partnership between sellers sold plastic balls for 7 days in the informal economy. The enterprise had seed capital of Rs 100‚ the discussions held before starting its business tried to find the market for an innocuous commodity. In Crawford market- the place from where the commodity was procured‚ the oligopolistic sellers there followed price rigidity. So‚ the enterprise inspite of having inelastic demand for plastic balls (for 7 days) the enterprise has to pay a fixed
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The Rent Strikes can be described as successful insofar as they spurred government action to improve housing in Harlem‚ and helped to develop a broader consciousness that led to rent strikes across the United States. For example‚ two months after the initiation of the strike‚ the City of New York agreed to purchase two dilapidated apartments from landlords with an excessive number of violations. By May of 1964‚ strike efforts (partially led by Gray) expanded to over 30 cities in the United States
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Case: Car Financing in China 1. Suggest reasons for a company to enter the Chinese market for auto financing. • Statistically proven‚ the Chinese market has exploded in the past couple days. • It may be inferred that since Chinese market is used to deal with other huge companies that they also will be knowledgeable/experienced of how to get the auto financing running. • It would be easy to integrate because they already have numerous network partners to leverage‚ such as Isuzu‚ Suzuki
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Davenport’s article “Putting the Enterprise into the Enterprise System” discusses the pros and cons of Enterprise Systems. These systems gather data—manufacturing‚ sales‚ logistics‚ financial‚ etc.‚ and then pull this data into a central warehouse that helps companies make informed business decisions. However‚ the Article’s main theme is‚ that while these can be powerful tools for an organization‚ the adoption of a cookie cutter solution may be counterproductive. The part that most interested me
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The musical Rent has music‚ lyrics‚ and book by Jonathan Larson. The story follows a man named Mark‚ a documentary film maker‚ and his roommate Roger‚ a musician‚ as they face the hardships of living with a low income. The musical is set in the rural district in Manhattan‚ New York‚ where HIV spreads through the streets of the East Village and effects the roommates and their friends. As Roger copes with his new life being HIV positive‚ Mark decides to create a documentary to follow the challenges
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Sociocultural Carsharing or car sharing is a model of car rental where people rent cars for short periods of time‚ often by the hour. They are attractive to customers who make only occasional use of a vehicle‚ as well as others who would like occasional access to a vehicle of a different type than they use day-to-day. Carsharing contributes to sustainable transport because it is a less car intensive means of urban transport‚ and according to The Economist‚ carsharing can reduce car ownership at an estimated
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RENT and the AIDS Epidemic The movie RENT was released in 2005 but is actually set in late 1989/early 1990‚ which was arguably the peak of the AIDS epidemic in the United States and also a time which having the disease was basically a death sentence. While the first outbreak was reported in 1981 very little was actually known about the disease. Upon the outbreak‚ HIV and AIDS was seen and known (wrongly) as a “gay mans disease” because many gay men had been diagnosed with the type of cancer that
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Task A. CLASS DIAGRAM B. Use Case Event | Trigger | Source | Use Case | Response | Destination | Request for car rental | Reservation call | Customer | Reserve vehicle | Vehicle availability status | Passengers | Pickup vehicle | Pickup date | Customer | Pickup vehicle | Car rental system update | Staff | Vehicle return | Due date for rental | Customer | Vehicle return | Car rental system update | Staff | Generate Bill | Vehicle Return | Operator | Bill | Update System |
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manufacturers only produce about 25% of the cars manufactured in the world. Since 1980s‚ there has been increased competition from Japanese and German manufacturers. Along with other American companies‚ General Motors has recognized this problem and took the challenge and owed to compete with Japanese small car manufacturers. General Motors spun off a separate car manufacturing unit‚ fully independent entity and named Saturn. This case review focuses on the Saturn Cars‚ its marketing strategy‚ pros & cons
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