I chose to study Mechanical Engineering because; they say it is the mother of all engineering. Be it Electrical engineering‚ chemical engineering‚ civil engineering without mechanical engineering all of this branches of engineering are useless. Our daily live is almost impossible to live without components that are made up of mechanical part. The pencil we use is been operated by the help of a simple mechanical design. All of these simple mechanical ideas have either made people rich‚ countries have
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universities. The students may either find a job after leaving their school or further their studies in university. Some of the well to do students may opt for foreign universities. But there are advantages and disadvantages while students pursuing their studies in foreign universities. The advantage of pursuing studies in foreign universities is‚ they have better exposure and wider knowledge. Foreign universities are prestigious and reputable. They hired experienced lectures to teach the students
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What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
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further waxed me the idea to choose Mechanical Engineering-Robotics as my specialization. The unrelenting fascination for automobiles took roots ever since the day I got to visit an International automobile exposition. This instantly had me hooked to the design and
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a youth like me to take the driving seat of my destiny. During my undergraduate studies‚ every course helped me explore the wide spectra of mechanical engineering. Among the array of courses‚ Machine Drawing‚ Thermodynamics‚ Manufacturing‚ Fluid Mechanics‚ C Programming and Engineering Mathematics were the ones which brought out the true essence of mechanical engineering in me. I was able to study innovative and exciting concepts like using multiple
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APPLICATION OF CHEMICAL SENSORS IN MECHANICAL ENGINEERING A chemical sensor is a device that transforms chemical information‚ ranging from the concentration of a specific sample component to total composition analysis‚ into an analytically useful signal. The chemical information‚ mentioned above‚ may originate from a chemical reaction of the analyte or from a physical property of the system investigated. Chemical sensors its application in various fields of engineering like civil‚ environment‚ medical
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I have chosen the Comparative Advantage Theory for my key term to discuss. I chose this term because it has a great importance on world trade clearly help shape the pattern of world trade‚ and also to get a better understanding of the concept. Comparative Advantage is the benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost. According to Satterlee (2009)‚ opportunity cost is the value of what had to be given up‚ or forgone‚ to consume or achieve the object
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The Absolute Advantage concept is generally attributed to Adam Smith for his 1776 publication An Inquiry into the Nature and Causes of the Wealth of Nations in which he countered mercantilist ideas. Adam Smith argued that it was impossible for all nations to become rich at the same time by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their
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2007 / 01:24 Comparative Advantage and Efficient Advertising in the Attention Economy Bernardo A. Huberman and Fang Wu HP Labs‚ Palo Alto‚ CA 94304 November 3‚ 2006 Abstract We analyze the problem that enterprises face when having to decide on the most effective way to advertise several items belonging to their inventories within the company’s webpages. We show that the ability to arbitrarily partition a website among items leads to a comparative advantage among webpages which can be
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Discuss what is meant by sustainable competitive advantage Sustainable competitive is what all the companies want to gain it and maintain it‚ it can let the company to keep the position of market leadership and let the company be successful. Evans et al. (2003‚ p.225) states that “no advantage is sustainable for ever‚ as competitors will seek to imitate it. “It has told that a sustainable competitive advantage it should be unique and can’t be copy easily by the competitors‚ also Evans et
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