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What are the benefits of leaving the allocation of country resources to the price mechanism?
Ans) The main conditions needed are:
1. Either a finite number of agents or goods.
2. No externalities - That is, the consumption of one person should not harm or advantage anyone else.
3. No matter how much a one is consuming, they must be capable to be made slightly happier by consuming a bit more of something.
What factors affecting Morale? Factors Affecting Morale is as illustrated below: Factors that tend to lower or enhance the employee morale are as follows: a. Job Factors:
Bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the
Research on environmental attitudes in the context of nature-based tourism and ecotourism in particular have emerged as an interesting topic among tourism researchers in recent yea
Explain what is meant by Matrix management and support your explanation with a schematic representation - In simple words, Matrix management is a technique of administering
Describe FIVE benefits of process mapping. Process mapping includes constructing a flowchart representation indicating processes that shows how a product or transaction is pr
Transactional leadership: The transactional leadership is one more category of leadership style at which point the leader accepts certain tasks to perform and provide rewards
Assuming that you are running the e-business department of an organization, reference to the elements of the Micro and Macro environments of e-business, how are you going to deal w
Gareth's Gardens is a small firm that specialises in planning and laying new gardens. A particularly popular garden plan consists of a patio and lawn, together with a circular pon
WHAT IS LEAN BUSIBESS?
What are the Steps in Management Planning Process? Main Steps in Management Planning Process as follows: Planning can be described as deciding in advance what is to be complete
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