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Market/unplanned economy and command/planned economies occupy the two polar extremes in the economic activity organization. The main difference is found in mechanisms used to determine prices and labor division or production factors. The market economy activity is unplanned, that is, it has no organization from the central authority and gets determined by the goods’ demand and the supply services. On the contrary, the command economy gets organized by the officials of the government who also direct and win the production factors (Meade, 2013).
Currently, all modern economies are mostly pragmatic economies. The economies reject the thought function of representing, describing or mirrorring reality, but instead, they consider it as an instrument, action for problem solving. The two views of confrontation of the modern capitalism; state and neoliberal capitalism, will identify the economy of the social market that creates a new future pragmatism. Therefore, pragmatism is an indispensable and fundamental way of a rational economic management (Daniels & VanHoose,
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This is the macro perspective which is embedded in its sociological genesis and refers to the fact that there can be considerable similarities in people’s social attitude- a behavior that ignores the apparent differences among the individuals. On the contrary, when more focus is maintained on aggregate characteristics, then it is probable that the individual differences get masked which are important attributes of an individual.
From December 13, and over the next six weeks Nanjing was under occupation of Japanese military forces.During that time the army looted, burned and plundered surrounding towns as well as the city itself. Over 300 000 civilians and unarmed soldiers were slaughtered, tortured, and raped.
With this, the company spent tremendous amount of money in meeting this kind of incidences. What is the most saddening part of this is that the company would not be able to refund this kind of expenses. In order to be able to cope-up with the recovery on these expenses and to be able not to tolerate such practices there should be a scheduled recovery for unplanned absences or in other words, a system to be looked upon by the employees in order to minimize this kind of occurrences from happening again.
Research data suggest that around 16-18 year olds who are not in education, employment or training (NEET), but are the teenage mothers (Dench, 2007, B). This paper reviews articles on the barriers preventing teenage parents from re-entering education. It identifies the social, psychological, biological, and cognitive variables associated with teenage parents from re-entering education (Dench, 2007, A).
However, leadership and management must get along because they are essentially linked and any effort to separate the two is likely to cause more problems. Useful leaders and managers are required by organization for the smooth running of firms.
onitor the international business environment, where the activity of other organizations largely influences the business operations of another (Schwab, 2009). With the rapid growth of technological advancement, every firm tries to secure its own competitive advantage in order to
Sustainable competitive position is basically observed through sector specific and firm specific strategies. Competitive strategies designed by firms outline their competitive position in the market place. Porter’s
Porter invented the diamond model of the national competitive advantage with the objective of presenting an explanation for the competitiveness advantages currently taking place in various countries through
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