means ‘cluster of nuts’ The areca nut palm is the source of common chewing nut‚ popularly known as betel nut or Supari. In India it is extensively used by large sections of people and is very much linked with religious practices. India is the largest producer of areca nut and at the same time largest consumer also. It is one of the most important commercial crops in the Southeast Asia. The nut is cultivated in palm plantations and the tree as well as the nut has a never-ending list of uses i.e. for chewing
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as opposed to the exchange values produced by paid labor‚ it was only the form of work that was directly related to capital” (Andrew 1994:105). “Thus‚ the housewife has no direct relationship to capital‚ since she is unpaid and does not produce surplus value” (Andrew 1994:105). However‚ this statement is somehow doubtful. The fact is that a woman’s domestic labor not merely serves a single man‚ but serves the whole capitalist system; her unpaid domestic housework contributes to and is closely linked
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“An individual’s sense of identity emerges from the connections made with people‚ places and the community they interact with” The question of whether or not connections made with people‚ places and the surrounding community‚ does in fact shape our identities and in turn helps them emerge is a very complex one. Identities are what give people their own characteristics and uniqueness. Emerge means to become prominent or obvious‚ and in this case‚ an emerging identity simply means the development
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Marx v. Smith on Capitalism Capitalism‚ according to the Encyclopaedia Britannica‚ is “the means in which production are privately owned and production is guided and income is disputed largely through the operation of markets”. Capitalism saw the emergence after the feudal system of Western Europe can do a halt. Many economists‚ even today‚ dispute the simple beginnings of capitalism. Some theories range from religious reasons‚ such as the rise of Protestant Reformation in the 1500s‚ to the enclosure
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ECONOMIC CRISIS AND FALLING RATE OF PROFIT We saw how in a capitalist production‚ the capitalists’ desire for profit periodically collides with the necessity of division of labour. We saw how crises are intrinsic to the capitalist system to reintegrate the two. We saw how crises results in a widespread collapse of political and economic relations of production. Marx constantly refers to the laws of motion whenever he talks about capitalist system. We saw Marx’s law of falling tendency of rate
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1b. Summarize Marx’s views on the market‚ alienation‚ the labor theory of value‚ the surplus value‚ and the accumulation of capital. Are these views relevant in the 20th century and during the contemporary globalization? If so‚ how? How are these views related with Thorstein Veblens ideas? Please give specific reference to the relevant readings. Theory of Alienation--his analysis of how people are bound to become estranged from themselves and each other under the conditions of capitalist industrial
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Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
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joint venture a vertical acquisition a conglomerate 9.The more elastic the supply and the demand curves are‚ the smaller the shortage a price ceiling will create greater the shortage a price ceiling will create smaller the surplus a price ceiling will create greater the surplus a price ceiling
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The film industry relies on directors and producers to complete a film project. Directors are often the creative force behind the film while the producer are the business force. There are many similarities and differences between directors and producers. The similarities and differences entitle training‚ work environment‚ and tasks. Producers and directors have extensive training. Producers usually have a background in management. They tend to work for organizations. They start to work for theater
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of only 12 days between design and the store. This production model can reduce inventory costs‚ lower margins by working with the most competitive offer and eliminates the need to resort to traditional sales in the sector to provide an outlet for surplus production. In this model is critical to have flexible production capacity to quickly adapt to changes in the always uncertain demand. Human resources: Zara has human resources teams in the retail and manufacturing environment that work exclusively
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