Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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The P/E ratio (price-to-earnings ratio) of a stock is a measure of the price paid for a share relative to the annual net income or profit earned by the firm per share. It is a financial ratio used for valuation. P/E ratio shows current investor demand for a company share. P/E ratio has units of years. P/E is the most popular metric of stock analysis. The reciprocal of the PE ratio is known as the earnings yield. There are various P/E ratios‚ all defined as: P/E ratio = PRICE
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Tales of the mythical and magical mermaid have been dismissed as rumors; however‚ these majestical creatures do exist. Cameras have caught photos and even videos of these creatures stranded on beaches and swimming dignified through the ocean. You may argue that these images are fabricated but there are scientist who dedicate their lives and can speak surely about the existence of mermaids. Scientist who are skilled in the use of sonar. Scientists who state that mermaids are seismically sensitive
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detailed his observations of Voodoo zombi‚”(Eldridge). Many different cultures‚ such as West Africa and Haiti‚ have their own versions
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anger and sadness‚ to love‚ joy‚ and contentment‚ emotions vividly affect our daily lives. So‚ unequivocally it could be asked‚ "Why do emotions exist?" It is possible that the sole‚ underlying principle of emotions is to create a reaction in people and things in our environment; or perhaps they exist to be our governing channel of communication; or maybe they precisely exist to regulate individual self-confidence and disparage. The theory that emotions have a sole principle to generate reactions
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though? Since the universe is so expansive‚ why wouldn’t they exist? 6EQUJ5‚ also known as the Wow! signal‚ could have potentially come from extraterrestrial life force attempting to contact us. On August 15‚ 1977‚ at 11:16 PM‚ an Ohio radio telescope detected a single pulse of radiation coming from the constellation of Sagitarious at the 1420 MHz hydrogen line. This signified that it is a possibility
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Why Aliens Do Not Exist There are several different meanings to the word “alien.” An alien could be a resident born or belonging to a different country‚ a foreigner‚ a person who has been excluded from something‚ or a creature from outer space (extraterrestrial). For this argument‚ a creature from outer space would be the appropriate definition. Many believe extraterrestrials do exist. Many even claim to have seen aircrafts belonging to these extraterrestrials. There have been thousands of
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Name: Jay Melson Petero Year & Sec.: BSIT-4B “Why do I exist”….”What is the purpose of my life?”….”Why does God created me?” There are probably millions of people ask these question every day. In fact‚ all of us tend to forget the answer of these question because of different problems we are facing today. We exist because we have different purpose in our life and it’s important to know the purpose why God created us. Life is very meaningful whether we want it to be or not. Even though
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Do “Asian value” and “orientalism” exist? For the nature of Asia itself‚ Asia is the largest continent by landmass and covers 8.6% of the Earth’s surface and hosts 60% of the world’s current human population. With so much diversity‚ is it possible to for Asians to share quintessential values which only exist in the area of Asia? In some extent‚ the answer is yes as Asians‚ like people of any other region (i.e. Latin Americans)‚ hold their own cultural norms‚ rituals‚ and traditions inherited from
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The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow: The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing
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