Premium Essay

Concept Summaries

In:

Submitted By papiman21
Words 762
Pages 4
How People Make Economic Decisions
Name
ECO 212
Due Date
Instructor

Economics is an important part of everyday life, and individuals live or die because of the merit of their economic system. All economic views can be set in one of three categories: the far left, the far right, and somewhere in the middle.
The government runs the far left of the economic spectrum to control the economy, and modern economic systems fall into two categories: Communism, and Socialism. According to Merriam-Webster online, communism occurs when the state has full economic control, everyone works for the state, the state owns everything, and the state distributes goods. Also according to Merriam-Webster online, socialism occurs when the state controls the manufacturing processes of an economy, and the states supports everyone along with the goods. In Socialism however, individuals can own property. The far left is often popular in poor nations, or in those nations dealing with a failing capitalistic system. A person in a far left economic system is always considered, and everyone receives a fair share of employment and goods.
The far left of economics has two problems, the first because this system of state controlled economics is weak, inefficient and not growth-oriented. The government sets up boards and companies to run industries, and if these boards or companies fail, they will cover up their mess, instead of fixing the mess. Eventually the weakness of one industry or organization affects others in this process. Even in an ideally running communist country, growth is not encouraged by the system. If everyone has work and food, there is no need to change anything. New technologies or processes of work occur very slowly because there is no competitive necessity for them, which encourages inefficiency. The second problem of the left is corruption. When any entity allows too

Similar Documents

Free Essay

Owl for Paper Formatting

...4/11/2016 Purdue OWL Welcome to the Purdue OWL This page is brought to you by the OWL at Purdue (https://owl.english.purdue.edu/). When printing this page, you must include the entire legal notice at bottom. Contributors:Elyssa Tardiff, Allen Brizee. Summary: This resource describes why outlines are useful, what types of outlines exist, suggestions for developing effective outlines, and how outlines can be used as an invention strategy for writing. Four Main Components for Effective Outlines Ideally, you should follow the four suggestions presented here to create an effective outline. When creating a topic outline, follow these two rules for capitalization: For first­level heads, present the information using all upper­case letters; and for secondary and tertiary items, use upper and lower­case letters. The examples are taken from the Sample Outline handout. Parallelism—How do I accomplish this? Each heading and subheading should preserve parallel structure. If the first heading is a verb, the second heading should be a verb. Example: I. CHOOSE DESIRED COLLEGES II. PREPARE APPLICATION ("Choose" and "Prepare" are both verbs. The present tense of the verb is usually the preferred form for an outline.) Coordination—How do I accomplish this? All the information contained in Heading 1 should have the same significance as the information contained in Heading 2. The same goes for the subheadings (which should be less significant than the headings)...

Words: 1193 - Pages: 5

Premium Essay

Vbd Management

.... Introduction – You need to outline to your CEO the aim of report, the issue in focus (a quick summary from your brief), what management functions /theories are going to be covered, and how the issue is going to be addressed. 2. Defining and framing the Issue –You need to identify the underlying reasons why the issue has arisen in the first place (the ‘why’? question). As part of this, you will need to frame the issue in relation to the current practices with management functions (including supporting theory/theories) that may have contributed to the issue. You should include some consideration of any relevant environmental factors (internal/external) that may have influenced the issue. 3. Addressing the Issue – You need to show how you will address the underlying reasons that have contributed to the issue by outlining changes to the existing practices with the identified management functions (the ‘how’? question). Your arguments need to be supported with reference to theory/theories that endorse the new approach. 4. Conclusion – You need to provide a summary and evaluation of the key findings of the report. You may choose to identify some limitations and/or assumptions associated with the findings that reader of the report should be aware of. 5. Recommendations – You need to provide no less than two and no more than three recommendations on the courses of action that the business ‘should’ undertake. These recommendations should clearly and succinctly outline a suggested...

Words: 338 - Pages: 2

Free Essay

Pd Coursework

...Westminster International University in Tashkent, Academic year 2013-14, Semester 1 Module name Personal Development CW weighting 40% Submission deadline TW12-13 Sem.One CW format (individual/group) Individual CW number and title CW 2 Oral presentation CW checks the learning outcomes 1- prepare documents about themselves, reflecting the personal development of a student (such as a portfolio, an action plan); 2- set goals for further improvement based on individual reflective learning; 4- communicate in writing and orally; 6- deliver a presentation Oral Presentation You will need to prepare an individual oral presentation. The Oral Presentation task will test your ability to communicate information in oral form supporting it with visual aids such as Power Point slides, posters, etc. The presentations will take place in TW 12-13 of semester one. Each presentation will last 5-6 minutes. It will consist of an introduction, the main body and a conclusion and will be followed by questions from the audience. You will be assessed on 1. quality of the content, 2. ability to structure the material, 3. interaction with the audience using body language and eye contact and dealing with questions appropriately 4. quality of visual aids. Prepare a presentation which is based on the topic “My personal learning from research on Mass Media in Uzbekistan” You need to follow the steps below: 1 Westminster International University in Tashkent, Academic year 2013-14, Semester...

Words: 1402 - Pages: 6

Free Essay

Mission Command

...results to be attained, not how they are to achieve them. CDRs use orders to provide direction and guidance that focus the forces activities on the achievement of the main objective, set priorities, allocate resources, and influence the situation. 6. Accept prudent risk – a deliberate exposure to potential injury or loss when the commander judges the outcome in terms of mission accomplishment as worth the cost. PRESENTATION OUTLINE / SLIDES A. Intro, purpose, references, procedure/outline 1. Greeting (poised and confident) 2. Purpose (BLUF) – relevant, focused, clear, concise, stating thesis 3. References (current and meaningful) 4. Procedure and outline, logical, posted or embedded throughout the brief B. Quick summary of events leading to battle. C. Analysis of mission command from one side of the battle – four of the 6 principles of mission command D. Quick description of the battles outcome on how the mission affected that outcome. E. Significance of this analysis. 1. Para B-E body of Mission Analysis paper 2....

Words: 421 - Pages: 2

Premium Essay

Koofers Notes: A Case Study

...The audio summary is a new product for the market. These is no direct competitor because we are the only audio summary in the market currently. However, the competitions are still existed since there are substitutes for our product. The substitutes include document summary and video review for textbooks. It is obvious that there are many different documental summary for textbooks in the market right now. For example, Koofers Notes is a website that allowed students to upload these course materials for others students, but the materials are delayed and unorganized. It has hundreds relative files for one course, and many of them are insignificant. It will take a great amount of time for students to find the information they want. In addition,...

Words: 329 - Pages: 2

Free Essay

Business Plan

...Consulting Case Memo -- Outline Executive Summary While this section appears first, it should actually be the last thing you write. * The executive summary should be no more than one page. * Executive summaries are not “introductions.” They do not provide background. * Everything discussed in the executive summary should be explained in greater detail in the body of the memo. * If the only thing someone reads is your executive summary, your reader should have a good understanding of the problem, your proposal, the most important cost(s), and the most important benefit(s). Problem Statement Identify the problem in business terms. State clearly why the owner, president, or CEO should care about addressing the problem you’ve identified. Proposed Solution Identify the one most important action the company or organization needs to take to address the problem. Be as specific as possible in describing your solution. Costs of the Proposal Be as inclusive as possible when thinking about costs. Consider things like opportunity costs and the impact of the proposed change on the organization’s culture in addition to the more obvious financial costs. Identify every possible objection to your proposal. Why hasn’t the company already taken this step? The quickest way to have your recommendation rejected is to hear an objection to which you must reply, “I hadn’t thought of that.” Benefits of the Proposal How will your specific proposal address the problem you’ve...

Words: 293 - Pages: 2

Free Essay

Acct601 Accounting Capstone - Term Paper Templates

...Author name [Pick the date] Include who you prepared the paper for, who prepared the paper, and date submitted. [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Table of Contents 1. Executive Summary. 1 2. Introduction. 1 III. Review of Literature. 1 1. Analysis. 1 2. Recommendations. 1 3. Summary and Conclusions. 1 VII. Appendix x. 1 VIII. References. 1 List the main ideas and section of your paper and the pages in which they are located. The illustrations should be included separately. Make sure that you have page numbers in your paper and list the page number(s) in the table of contents for the page where the appropriate section starts. Helpful Notes: Prepare an outline of your paper before you go forward. The outline is due at the end of Week 5 – which is also the first draft of your paper. Complete a first draft and then go back to edit, evaluate, and make any changes required. You can use example like graphs, diagrams, photographs, flowcharts, maps, drawings, etc. to help clarify and support the written part of your report. I. Executive Summary Use a header titled with the name of your project. Explain what you found, how you researched your topic, and what you...

Words: 702 - Pages: 3

Free Essay

Happy

...3/17/14 Document- Letter of transmittal (one page = D) D- Table of contents D- Executive Summary Introduction (background & scope)+ Findings + Conclucluions (and/ or recommendations) + (+ IFC =D or more) D- References Letter of transmittal -Authorization (Dr Zlack) -Preview of report & conclusion -Goodwill closing Table of Contents __________ …… 2 ___________...... 3 Align the contents with the numbers correctly. That’s the hardest part. Executive Summary -An “abstract” of report (search academic abstract) Introduction -purpose (problem) *-scope & limitations -Preview of the report organization Scope= What we did do (in the research) Limitations= what we did not do (….) Rules for Graphs * Must be introduced in the text ( in the paragraphs) ----- as you can see from figure 5 see graph 3 * - must be title * must have a legend Speech- Delivery Eye Contact 1. Attention 2. Connection (rapport) 3. Credibility * 4. Confidence Don’t mention do not! Always say Didn’t shouldn’t wouldn’t etc. (catch someone lying) 1 look at everyone 2 Refrain from looking at things 3 Do not read Oral Communication Do’s 1 do have sufficient volume 2 Have a conversational pace 3 Do have vocal variety ( do not memorize) Don’ts 1 Don’t apologize 2 Don’t curse Nonverbal -Posture - Gesture -Attire * Professional or plain * No logos (accessories (limited) ) * No Hats ...

Words: 263 - Pages: 2

Premium Essay

D Department of Choice Chocolate

...Good and poor examples of executive summaries This is a GOOD example from an Accounting & Finance assignment. Footnote Executive Summary This report provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Outdoor Equipment Ltd. Methods of analysis include trend, horizontal and vertical analyses as well as ratios such as Debt, Current and Quick ratios. Other calculations include rates of return on Shareholders Equity and Total Assets and earnings per share to name a few. All calculations can be found in the appendices. Results of data analysed show that all ratios are below industry averages. In particular, comparative performance is poor in the areas of profit margins, liquidity, credit control, and inventory management. The report finds the prospects of the company in its current position are not positive. The major areas of weakness require further investigation and remedial action by management.Recommendations discussed include:  improving the average collection period for accounts receivable·   improving/increasing inventory turnover·   reducing prepayments and perhaps increasing inventory levels The report also investigates the fact that the analysis conducted has limitations. Some of the limitations include: forecasting figures are not provided nature and type of company is not known nor the current economic conditions data limitations as not enough information is provided or enough detail...

Words: 824 - Pages: 4

Free Essay

Paper for Success

...Executive Summary: Organizational Focus & Goals Derron Venerable University of Phoenix HRM/326 MARIBEL HINES September 15, 2014 Introduction The purpose of an Executive Summary is articulate a full report with the least amount of words possible depending on the size and nature of the issue. In most cases executive summaries serve as a report for executives who do not have the time to read the full report; therefore, the summary will give the executive the information that he or she needs to understand the objective, the issue(s), and the plan(s) in place to solve the issue(s). The following summary is focusing on an on-going overtime issue that one of the company’s branches is having. Focus and Goals The current focus at this particular location is to complete the daily task in the fastest most efficient safest way possible. The goals are to minimize or combine the current routes, run the routes from the closet point to the furthest and create a benchmark for each driver to attempt to meet in a safe but efficient manner. The research states that if the routes are done in a sequence form from the closet point to...

Words: 706 - Pages: 3

Free Essay

Mta 620

...An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for purposes, that summarizes a longer report or proposal or a group of r business elated reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It usually contains a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. It is intended as an aid to decision-making by managers[1][2] and has been described as possibly the most important part of a business plan.[3] They must be short and to the point. An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts are extensively used in academic research where the concept of the executive summary would be meaningless. "An abstract is a brief summarizing statement... read by parties who are trying to decide whether or not to read the main document", while "an executive summary, unlike an abstract, is a document in miniature that may be read in place of the longer document".[4] An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts are...

Words: 315 - Pages: 2

Free Essay

Technology Ventures - from Idea to Execution

...is individual, each student should submit his/her own report (Your next assignments will be team assignments). - Preferred Language: English Submission Format: • Word File, File name format: _ 11 or 12 point font, 1.5 line space, not longer than 15 pages. • Submit digitally via Moodle. Assignment Description Part I Create a report which reviews the business of the selected startup and the context in which it operates. This report should be based on available public information. The report should include at least the following elements: • • • The Business Concept Summary The Competitive Landscape & Context A Description of the company and its Business Model, utilizing the 9 building blocks discussed in class. • SWOT style analysis . The Business Concept Summary should be concise, not longer than one page, may be shorter. Make sure it covers a synopsis of the company’s business. Summary should cover the following elements (as applicable to your company): Market / Problem / Need, Customer, Solution / Product, Uniqueness / Value, Revenue source / How the company expects to make money. In the Competition and Landscape section, make sure you describe major competitors and specific market attribute. In the business model and competition sections you should make sure you relate to customer pain, customer identification & segments, solution fit, product /services pricing, sales channels, differentiation etc. Where applicable, when describing the company use the...

Words: 425 - Pages: 2

Premium Essay

Guidelines Mba 610 Team Paper

...team’s functioning by applying concepts you read about in the textbook and that we discussed in class to analyze your team. You will write one team paper per team using the following exercises and readings done in class: * Everest Simulation * Coursepak Reading: How To Play to Your Strengths * Chapter 7 Team Dynamics; * Chap. 8 Communicating in Teams and Organizations In addition, and when applicable and useful to you, use some key concepts from other chapters such as Motivation (Chap.5 ), Perception(Chap. 3 ), Leadership (Chap.11 ), Conflict Management (Chap.10 ) to help explain your team’s functioning and development. When using concepts from the textbook, exercises or coursepak to explain your team’s functioning and development, explain not only which concept you find useful, but also explain why—what did it help you better understand and learn about teams and organizations? Give examples. For example, in some teams, communication breaks down and can cause misunderstandings and hard feelings, as well as conflict. Explain the specific example of what happened in your team, explain the concept from the textbook that helps explain how communication broke down and its impact on individuals and the team, and what you learned as a result of using the course concepts to analyze your team functioning. What could your team do differently next time as a result of what you learned? (You can follow this example for any other concept from the book (motivation, perception...

Words: 344 - Pages: 2

Free Essay

A Summary of the Concept of Social Research

...A Summary of the Concept of Social Research Earth could be thought of as an exchange center of two things among its sentient inhabitants, intellectual and genetic information. The exchange of genetic information is quite a straight forward concept, with the need for reproduction being necessary to the survival of a species. However the reasons behind transference of intellectual information and how that information is transferred through mass groups of people is what fascinates social researchers. Furthermore, these social researchers seek to identify order and regularity in the complexity of social life; in an effort to make sense of it all. This is essentially carried out by making representations of how people do or refuse to do things together, then by going into detail about whatever order they have found. The creation of representations of social life is essentially done for the purpose of better understanding why humans interact with each other in the ways they do. A study that suggests cities with the most severe housing segregation by race and income levels were the ones that experienced the most severe inner-city deterioration is a representation of one facet of society as a whole. This study attempts to shed light on an issue by examining the intricate relations of economic and racial influences leading to a similar situation happening throughout all urban environments. To most effectively convey the order social researchers have uncovered, they publish their...

Words: 845 - Pages: 4

Premium Essay

Baxter

...AIUB 1 Master of Business Administration Course Instructor: Dr. Swapan Kumar Dhar Definition of Statistics Statistics is the science of collecting, organizing, presenting, analyzing and interpreting data for the purpose of making intelligent statements and drawing appropriate conclusions. So, according to this definition, there are four stages: (1) Collection of data (2) Presentation of data (3) Analysis of data and (4) Interpretation of data. Example of Statistics: Examples include the average starting salary of college graduates, the number of deaths due to road accidents last year, and 20% students of BBA are female. In these examples statistics are a value or a percentage. Other examples include: 95% students of BBA come to the class in time. 25% students of IBA come to the campus by car. The above are all examples of statistics. Data: Data are the facts and figures that are collected, analyzed and summarized for presentation and interpretation. The data collected in a particular study are referred as the data set for the study. For example, the heights (in cm.) of 14 randomly selected persons from a group of 100 persons are as follows: 152, 160, 158, 155, 154, 155, 162, 164, 160, 153, 161, 158, 167, 151. The above information on height of people constitutes a data. A set of five students is selected from a class...

Words: 6578 - Pages: 27