Evaluate the advantages and disadvantages of globalisation The term globalisation has “successfully passed into common currency‚” (Slater‚2009‚pp.373-383) since Levitt first used it in 1983 and has become a worldwide‚ “ phenomenon that has spread across the globe‚ influencing governments‚ businesses and society.” (Slater‚2009‚pp.373-383) Similarly‚ Giddens has pointed out that‚ “globalisation is political‚ technological and cultural as well as economic‚” (1999). The rapid acceleration of globalisation
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Advantages Mixed economy has got the following advantages: Rapid economic development Inmixed economy both private and public sectors work side by side. The combined efforts lead to rapid economic development. The economic resources of the economy are used efficiently. Wastages of resources are minimised. Lesser inequality of income: Right to own property is granted. Law of inheritance is also applied‚ so certain members of society grow richer and richer. Public sector in the economy tries
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City Life-Advantages and Disadvantages Towns and cities are the boon of the modern civilization. With the coming of industrial revolution‚ a large number of industries sprang up. Machines replaced manual work and labourers failed to compete with the quality as well as quantity of the machine production. Cottage industry‚ therefore began to breathe its last. People suddenly found themselves without work‚ for their hand-made goods failed to compete with the finished goods of the machine without any
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market‚ and they are something that everyone should be made aware of. However‚ many people do not know what prepaid cards are‚ and how they can benefit you. If you want to know more about prepaid cards‚ then here is some advice about their advantages and disadvantages. What does prepaid mean? Many of us have prepaid phone cards or SIM cards for our mobiles‚ but prepaid debit cards are quite a new idea. However‚ the concept is the same as other prepaid mediums‚ where you load money onto a card and
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Efficient Information Exchange One of the advantages of implementing the matrix organizational structure in a business is that it can lead to an efficient exchange of information. Departments work closely together and communicate with each other frequently to solve issues. Efficient lines of communication enhance productivity and allow for quick decision-making. For example‚ in a matrix structure‚ individuals from the marketing‚ finance and product departments may confer with one another to formulate
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Advantages of a Large City A big city is where you can see many vehicles‚ many skyscrapers‚ and many people with a hurried pace of life. Nowadays‚ more and more people want to live there because they see many advantages. First of all‚ in a big city‚ people can take the chances to study and work best. There are many good universities for you to choose in a big city. There you can study what you like. Moreover‚ when you graduate‚ you also find it easier to get a good job with good salary. Therefore
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is a “unit of two or more people who share a mission and collective responsibility as they work together to achieve a goal.” The team’s performance is a sum total of each individual’s contribution to the group. (Bovee‚ Thill and Mescon‚ Ed. 2007‚ p. 269). Team work has several advantages for businesses and the people who work for them. Higher quality decisions are usually the result of several people sharing their input based on their individual life and occupational experiences that may
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In the 21st century‚ the technology of the world is becoming more developed and advance. Therefore‚ smartphones are very popular nowadays and everyone can buy it. Smartphone The advantage of a smartphone is that we can browse the Internet whenever we are connected to a network. Smartphones have the ability to browse websites with large amount of data and the website will appear the same way as it is while using a PC. For example‚ we can search Google for information or check e-mail. Not only that
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Advantages: >Computer simulation can allow you to see how a system might respond before you design or modify it. This avoids mistakes and one can try different ideas before the real product is produced‚ making it cheaper as there is no need to make different prototypes every time and testing them out. Example: It is safer and cheaper to use a model and simulation for some real world objects such as nuclear power plants. >It is an advantage to find this out in a model rather than testing the real
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credit card allows the user to use the credit available on his or her credit. The credit card user can buy the things and now pay for it later. There are some advantages and some disadvantages associated with using credit card. In this essay I will assay the situation. As I mentioned in the previous paragraph that there are many advantages of using the credit card. Firstly‚ the credit is very convenient. Credit card allows the user to buy the desired thing at the very moment and pay for it at a
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