Table of Content Table of Content 1 TASK 1 2 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
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penitentiary system broke through internationally. A feature of this system was a belief in the ability to rehabilitate individuals through the use of isolation. The Auburn and Pennsylvania prison models in the United States dating back to the 1820s were model institutions that were copied all over the western world by other countries. The Auburn system (also known as the New York System) evolved during the 1820s at the Auburn Prison in Auburn‚ New York. The Auburn system had two characteristics that were
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E-Books and Traditional Books Throughout history of people‚ writing is the most significant way of communication and knowledge sharing. Human written on the walls and stones in the beginning. After that papers took the place of walls and stones. At the present time‚ thanks to technological advancement‚ lettering can write on electronic devices that called as e-books. This situation causes argument between e-book and paper book. It is argued that e-books will take the place of paper books in the
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Industry’s Dominant Economic Characteristics Market Size: Annual sales revenue and total volume. Scope of Competitive Rivalry: Local‚ regional‚ international‚ global Market Growth Rate: 2-3 percent annually Stage in Life Cycle: Early development? Rapid growth? Mature. Number of Companies in Industry: Lots of small companies or few dominant ones. EX: 110 plant locations and capacity of 4.5 million tons. Market shares range from a low of 3 percent to a high of 21 percent. Customers:
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E-mails and Traditional Letters The E-mails are widely used by people in modern time. At the same time‚ the traditional letters are forgotten by people gradually. Though most of the people think that the e-mail is much better than the traditional letters‚ I think that both of them have advantages‚ but also disadvantages. It is no doubt that the e-mails are very convenient for people’s life. It makes the instant exchange of information come true. It provides a platform for people all over the world to communicate with each other
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2) Compare and contrast e-business and traditional business? Now days‚ technology has made human life easier and better. It has developed many fields to perform their task easier such as‚ manufacturing‚ constructions and many more. Business sector has also changed a lot with the improvement of technology from traditional business it evolves to e-business and bringing a big difference in three major areas that is time‚ trust and As we all know that time is precious for many people‚ the same
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Can traditional systems of healing survive? Growing up in a modern‚ western society has a strong influence and impact on our views. In particular‚ our views on healing systems. We are often encouraged to seek healing or treatments based on a biomedical research‚ and practices. This is based on the economic status of the society and personal finances‚ politics‚ and access to resources. In general‚ this tends to be promoted throughout communities as being more effective and efficient. Although‚ western
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a. Traditional Budgeting Wildavsky (1978‚ p.502) mentions that "traditional budgeting is annual (repeated yearly) and incremental (departing marginally from the year before)". It is conducted on a cash basis in current dollar. It is also in the form of line-items such as personnel or maintenance. This system is essentially a financial plan of estimated expenditures expressed in terms of kinds and quantities of objects to be bought and the estimated funds needed to finance them during a specified
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Despite everybody having some characteristics or costumes in common‚ the economic status will segregate you from the population. The upper class and middle- class descendants from Spaniards live in the cities. Their racial background plays an important role in their lifestyle. The poor class is the ones who lives in the outskirts of the city and rural areas. The lack of housing projects represents a big problem for the Colombians with low incomes. Also‚ water‚ electricity and the basic services
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stay out of it‚ leaving the economic system- structure of methods and principles that a society uses to produce and distribute goods and services- to be determined by the combined decisions of millions of individual people. Economic system is defined as how a society chooses to produce‚ distribute‚ and consume goods and services. Since resources are scarce and not always available each society must determine three important factors when determining their economic system. These factors are how the
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