preload preload preload preload * Home * Privacy Policy * Disclaimer How to use the Grapevine effectively in business organizations? You are Here: Home > Business Communication > How to use the Grapevine effectively in business organizations? Grapevine is an informal channel of business communication. It is called so because it stretches throughout the organization in all directions irrespective of the authority levels. The management can use grapevine to supplement the formal channels
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economy has proved more successful in raising living standard‚ economic growth and economic efficiency. Here comes the question that to what extent shall we move from planned economy to market economy. Market economy is an economic system‚ which resolves the basic economic problem mainly through the market mechanism and limit government role. It relies on the profit motive and consumer sovereignty. In contrast‚ in a command economy‚ resources are allocated by the government through a planning process
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essay on "economic systems" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. An economic system is very important in every country of the world‚ without it the country would be a disaster and maybe anarchy might take control of the country. The nations must take tough decisions to make the country’s economy work efficiently‚ to achieve this purpose they must answer the three questions‚ what to produce‚ how to produce‚ and for whom to produce. An economic system
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of an important natural resource at a time when it is introducing improved technology. Explain how these events will affect the economy’s production possibility curve (8 marks)? The production possibility curves is a hypothetical representation of the amount of two different goods that can be obtained by shifting resources from the production of one‚ to the production of the other. This essay will take into account the two factors‚ the depletion of the natural resource and the improvement in technology
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Third Yr – BSCS December 10‚ 2010 SOCSCI05 (Economics) An Overview with the Economic Systems of Three Countries Every country in the world has an economic system that would probably help them to fulfill the needs of their citizens. An economic system is the structure of production‚ allocation of economic inputs‚ distribution of economic outputs‚ and consumption of goods and services in an economy. Actually‚ there are many types of economic systems that were spread out throughout the world
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An economic system refers to the structure in society within which we make decision about: (a) What to produce (goods and services) (b) How to produce the goods and services (c) Where to produce (d) How to allocate and distribute the goods and services to meet the demands. The four main kinds of economic system are: (1) Traditional (subsistence) Systems (2) Market or Commercial Systems (3) Centrally Planned System (4) Mixed Economic Systems Subsistence Economic Systems: An economic system
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Economic Systems Numerous and diverse economic systems have been established throughout the course of global history‚ impacting society in various ways. Many of these systems include manorialism‚ capitalism‚ communism‚ market economy‚ and many more. An economic system that has greatly influenced a specific region and its society is communism‚ established in Russia during the Russian Revolution. During and after World War I‚ Russia was in chaos due to the opposition of czarist rule‚ economic hardships
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a) Explanation on economics system attempt to allocate resources effectively. 2 b) Assessment on the impact of fiscal and monetary policy on business organisation and their activities. 9 c) Explain Malaysian competition policy and other regulation that may impact company. 15 TASK 2 17 a) Explanation on how market structures determine pricing and output decision of business. 17 b) Illustration on the way in which market forces shape organisational responses. 20 c) Judgement on how business and cultural
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An economic system is the combination of the various agencies‚ entities (or even sectors as described by some authors) that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange along which goods‚ money etc. are continuously flowing. An example of such a system for a closed economy is shown in the flow-diagram. The economics system involves production‚ allocation of economic inputs‚ distribution of economic outputs‚ landlords and
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How to prepare for exam effectively Life today has become so complex that examinations have come to play an important part in one’s educational career. Examinations are considered so crucial that most students are afraid of them.The ability to pass an examination is indeed a valuable quality. It shows that the student is able to express his or her thought and ideas to a manner others can understand. It also shows that the student has acquired a certain amount of knowledge in some branches of
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