Yudhishthira said: O grandsire‚ O thou that are possessed of great wisdom and conversant with all the scriptures. I desire to know those excellent ordinances in consequence of which mortal creatures have to travel through their rounds of rebirth. What is that conduct by following which‚ O king‚ men succeed in attaining to high Heaven‚ and what is that conduct by which one sinks in Hell? When abandoning the dead body that is as inert as a piece of wood or clod of earth‚ people proceed to the other
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explained. [pic] Introduction What is mobile computing? A view on portable devices. ▪ Distinction between "wireless" and "mobile." ▪ Mobile Devices ▪ Challenges in mobile computing ▪ Merits and Demerits ▪ Applications ▪ Conclusion ▪ Bibliography [pic] Introduction
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Market Failure In theory‚ the free market is regarded as an efficient system in the allocation of scarce resources. The market economy makes use of the price mechanism to make the above decisions to allocate resources according to the wishes or preferences of the consumers. However‚ in reality‚ the free market does not always allocate scarce resources efficiently in a way that maximizes society’s welfare. This is known as market failure. (Resources are said to be allocated efficiently if the market
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are now commonplace. What do you think are the main advantages anddisadvantages of this development? Nowadays‚ products of hi-tech like a Mp3 or DVD-players become to be parts of the humans’ life. In my opinion‚ these technologies have merits and demerits. People use these modern techniques everywhere and any time because they are portable‚ compact and may contain a lot of info compared with diskets or tape recording. For example‚ we can take Mp3 or DVD-players with us during the travelling
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ECONOMICS HIGHER 1 (Syllabus 8819) CONTENTS Page AIMS 1 ASSESSMENT OBJECTIVES 1 SYLLABUS CONTENT 2 ASSESSMENT FORMAT 7 NOTES OF GUIDANCE 8 RECOMMENDED READING 20 8819 H1 ECONOMICS (2014) ECONOMICS HIGHER 1 (Syllabus 8819) FIRST YEAR OF EXAMINATION 2009 AIMS The syllabus is intended to provide the basis for a broad understanding of economics. Specifically‚ the syllabus aims to develop in candidates: 1. an understanding of fundamental economic
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A cliche states that if you think education is expensive‚ try ignorance. The suggestion of free education is a noble policy that has more demerits than merits. A policy of free education creates at least three problems. These are; funding‚ moral hazards and limiting the roles of universities. A policy of free education for all students creates a problem of funding for universities. This is especially true in the current economic climate. The government cannot afford to soley fund universities. Thus
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thus there is market failure. From a community’s point of view‚ producer surplus is not equal to consumer surplus. Market failure is thus caused by * Abuse of monopoly power * Lack of public goods * Under provision of merit goods * Overprovision of demerit goods * Environmental degradation * Inequality in distribution of wealth * Immobility of factors of production * Problems of information * Short termism Externalities Externalities are a loss or gain in the
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Village is a habitation of people which is much smaller in area than a city or a town. This area is not an area which is not as advanced as the city. However‚ this life like all other things has its own merits and demerits and‚ advantages and disadvantages. In a village‚ the avenues of employment are few as‚ knowhow of various avenues is not at par with that available in the cities. In a village the mainstay of livelihood is basically farming. Besides farming‚ there may be some construction works
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individual‚ the family‚ the national‚ and the whole world. In the views of pessimists there is a terribly destructive trend of increased interdependence‚ while optimists see a diversity and better life for all people. To clearly understand the merits and demerits of
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tax policy‚ labour law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability. Political factors may also include goods and services which the government wants to provide or be provided (merit goods) and those that the government does not want to be provided (demerit goods or merit bads). Furthermore‚ governments have great influence on the health‚ education‚ and infrastructure of a nation. Economic factors include economic growth‚ interest rates‚ exchange rates and the inflation
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