AS and A Level: Markets & Managing the Economy
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- Marked by Teachers essays 10
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Is the Government to Blame for Higher Petrol Prices?
I will look in the short term to see why in this moment in time prices seem to be at this high levels and questioning are these prices high enough to reflect the true cost of Petrol? Petrol prices are often cited in newspapers and TV and my aim is to look behind the headlines and try to establish the economic basis behind these. ECONOMIC THEORIES (Applicable to Petrol Prices) Price Elasticity of Demand for Oil (Product) Refers to the responsiveness of quantity demanded to a change in price.
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Economics Coursework
management principles to planning the work and the workers actually perform the tasks Drawbacks of Scientific Management While scientific management principles improved productivity and had a substantial impact on industry, they also increased the monotony of work. The core job dimensions of skill variety, task identity, task significance, autonomy and feedback all were missing from the picture of scientific management. While in many cases the new way of working was accepted by workers, in some cases they were not. The use of stopwatches often was a protested issue and led to a strike at one factory where "Taylorism" was being tested.
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Economics Report on Budget
-"I expect the consumption of beer to fall because the tax has risen by 1p". -"I expect people to consume less amounts of wine as it has risen by 4p". -"I expect people to use public transport more as the excise duties for road tax has increased by �5". -"I expect people to be employed as more jobs have been created." Background information I have found some history on budget from the internet and tell you how budget came along. "Budget history The origins of the Budget go back to the Norman period, where two departments dealt with finance.
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What are the origins of the Pension Crisis and what can be done to deal with it?
Many people under purchase pensions early on in their lives and end up suffering the consequences later in life. This is therefore an example of an information problem and imperfect information seems to be one of the underlying themes behind the looming pension crisis in the UK. With merit goods, many economists argues that an authority outside the individual such as the state is a better judge of what is good for them. By government forcing people to save, they will be less likely to fall into poverty and be a burden to society when they retire, this would then be an example of a command and control measure to thereby correct a market failure.
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'Although corporate pricing decisions are influenced by many different factors, fundamentally prices will reflect cost and market conditions.Explain and discuss.
Any firm can enter or exit the industry without serious impediments. Resources must be able to move in and out of the industry without, for example, government legislation that prevents such resource mobility. 3. There must be a large numbers of buyers and sellers. When this is the case, no one buyer or one seller has any influence on price, and also when there are large numbers for buyers and seller they would be acting independently. 4. There must be complete information. Both buyers and sellers must clearly know about market about market prices, product quality and cost condition.
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Case study of Singapore E-Government.
The CSCP was conceived with a clear direction of turning the Singapore Government into a world-class exploiter of IT. It marked the beginning of computerisation in the public sector that focused on improving internal operational efficiencies through the automation of traditional work functions and reducing paperwork. In the late 90's, the convergence of IT and telecommunications transformed the concept of service delivery. This required a paradigm shift in the way government services were delivered and the first E-Government Action plan was launched in 2000. Adopting a customer-centric approach to delivering public services, it laid the foundation for the current e-Government Action Plan II (eGAP II). Diagram 1. illustrates the Singapore Government Journey e-Government 2. Model of Singapore e-Government Business.
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At What Level (if any) Should Government Intervene to Promote the Competitiveness of Businesses?
Nowadays, the research and development (R&D) system has been regarded as the source of innovations (Freeman, 1995; Rothwell, 1992; etc.). Although this system involves not only government, but industrial and academic scientists and researchers as well, the role of government to promote R&D projects, through large fund injection, personnel training and educating, and effective industry and economic policies, is still fundamental to the capacity of innovation and then competitiveness. In particular, apart from the 'quantitative factors' of expenditure on R&D, government policies regarding areas of R&D projects and the diffusion of technologies into productivity are also the key to business competitiveness.
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The Importance of the Canadian Airline Industry.
Background: The Birth of Canada's Airline Industry Actual air travel in Canada began in 1919, after the First World War. Pilots were eager to continue flying and demanded government intervention in the airline industry. James Richardson, who "was convinced that airline transportation would enable the development of then-untapped mineral resources at least twenty years sooner than would otherwise have been possible because planes could fly year-round" (Goldenberg 2), formed Western Canada Airways (WCA) in 1926. By the early 1930's, the Canadian airline industry was dominated by smaller, regional bush airlines, which flew through Canada's unpopulated northern forestlands.
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In economics we refer to these two acts as tax evasion and tax avoidance. The former being illegal while the latter legal.
If a tax rate were imposed only on bond A, the owner would suffer a loss in value. In fact we say that the tax on A has been capitalized and has reduced its value. The owner of the bond finds himself in a situation where the value of this asset has to be reduced in order to find a purchaser of this bond. The tax does become stuck with the initial owner. Finally the state does not lose revenue when transformation occurs. This is a situation where producers try to reduce the cost of production as much as possible (at least break-even).
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Economy and how it affects my business selling tables
QUANTITY 340 580 380 500 The new equilibrium price is £300 The new equilibrium quantity is 640. Factors that may have caused and increase in the demand of tables are because the quantity was increased by 180 at the same price. This can activate an increase of sales of the tables because the demand is more as more tables are available at the same price, based on an improved quantity of 180 tables. As consumers’ income is higher, there is more demand at each price level. This may have happened if interest rates had fallen and more credit was available, so more income was available to consumers to buy tables.
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