solved: could a nation be producing in a way that is allocatively efficient, but | studysoup
could a nation be producing in a way that is allocatively efficient, but productively inefficient?
brand ­ intangible asset lecture 6 3/6/17 ­ one benefit of a strong brand is that brand equity decays slowly, and helps a  business withstand and recover from its mistakes. ­ brand > product ­ trying to create value that speaks to consumers brand architecture lecture 7 3/8/17 ­ house of brand, branded house, hybrid ­ strategic priorities ▯ strategic brand ­ the future ▯ distinguisher brand ­ enhances the differentiation of another brand —> makes the  parent company interesting ▯ cash cow ­ generates a lot of cash but not a lot fo room to grow ▯ corporate brand ­ may have low visibility to customers, but important to regulatory  bodies, investors, employees, trade groups, partners ▯ fighter/flanker brand ­ insulate the brand from price competition
aggregate supply indicates the total amount of goods and services produced within an economy at a given the general (or overall) price level during an accounting period. `as = f(barn,barl,bark,bart)` where,as = aggregate supplyn = natural resourcesl = labourk = stock of capitalt = state of technologynatural resources: natural resources include the gifts of nature such as fertile land, weather conditions, adequate rainfall, flora and fauna, perennial rivers etc. the abundant availability of all these factors act in favour of production. the aggregate supply of a country bestowed with these natural resources will be higher and vice-versa.labour: availability of skilled and motivated labour is another determinant of supply. the supply in an economy with abundance of skilled labour will be high and vice-versa.capital: capital is essential in the production process. capital helps in acquiring raw materials, equipments, plant and machinery, buildings etc. which are essential for increasing the production. greater the stock of capital, greater would be the level of output and production. state of technology: the state of technology in an economy decides the level of supply. advanced technology helps in improving the production efficiency in a a country. with better and advanced technology production can be increased while reducing the cost of production. this in turn positively affects the supply. thus, the availability of modern and advanced technology helps in increasing the supply. dear student,

any new policy/ implementation on economy will create problems
initially similarly gst will initially create some issues for
taxpayers in the long run, gst will have quite a favourable impact
on indian economy some sectors will have more favourable impact
compared to others under the proposed gst gst will have favourable impact on
organised logistic industry and modernised warehousing
gst will remove cascading
effect of taxes gst will increase national income in long run

regards in the case of a crisis, like our economy, the president can declare martial law.anyone (not just minority) who dont cooperate ect. with the new world order agenda, or that cant contribute to the government will be gathered by federal agents and taken to concentration camps.god forbid we cant pay our taxes! at least thats the way i understand it. there arethree dimensions of culture cognitive, normative and
material thatcomprise a whole
(i)cognitive: it refers to how we learn to process what we see
and hearso as to give it a meaning for example, looking at a flag
andassociating it with the country to which it belongs symbolising
thewaving of hand as a means of saying goodbye thus, every culture
hasgiven a different meaning to different actions
(ii)normative: it refers to the rules of conduct every society
has somerules according to which its members have to behave as a
result,this behaviour and action of the individuals become the
culture ofthat society
(iii)material: it includes any activity which is made possible
by themeans of materials it also includes tools and machines, which
issaid to be a part of the culture
inthe present industrial societies, advanced technology and
machinesare used some societies use them in abundance such as, usa
whilesome do not make much use of it, such as afghanistan thus, use
ofvarious materials in different ways for various purposes shows
theculture of that society
therefore,culture can be identified as material and non-material
for theproper and integrated functioning of the culture, both
material andnon-material dimensions work together as a whole the
use ofmaterials having different notions and ways of
understandingdifferent signs and symbols with certain rules of
conduct as a wholedescribes the culture of that society hdavid57: 
the ugly truth is that we are not the same. the goal should be to better accept and appreciate our differences instead of trying to make everyone else into carbon copies of ourselves.
yes, and these differences are called culture. when i lived in spain, i often wondered how countries like germany and austria entered into a political and economic union with countries like spain and greece. they are simply too different.
i think the fact that american's are able to celebrate differences is one of the reasons why our country is so successful. An increase in the level of production of goods and services (national income) of a country over a certain period of time is referred to as economic growth. Higher level of investment in education sector would lead to higher proportion of educated people working with higher participation in economic activities and, therefore, would lead to higher economic growth. The following are the various ways in which investment in education stimulates economic growth: 

**(i) Imparts Quality Skills and Knowledge**: Education endows people with quality skills and, thereby, enhances their productivity. Consequently, it enhances the income earning capacities of and opportunities for the people. Moreover, it also enables the human capital to utilize the available physical capital optimally. 

**(ii) Develops Mental Abilities**: Education develops the mental abilities of people and helps them to make their choice rationally and intellectually. Education churns out good citizens by inculcating values in them.  

**(iii) Acceptability of Modernization**: An educated public of a nation has greater acceptability of modernization and modern techniques. This not only helps the economy to grow but also facilitates a primitive economy to break the shackles of tradition and backwardness.  

**(iv) Eradicates Skewed Income Distribution**: Education not only increases the income  earning capacity but also reduces the skewed distribution of income, thereby, forms an egalitarian society.  

**(v) Raises Standard and Quality of Living**: Education enhances the income earning capacity of the people, thereby; it raises the standard of living and also improves the quality of living.  

**(vi) Increases the Participation Rate**: It fosters economic development by increasing the participation of people in the process of growth and development.  

**(vii) One Solution for Other Economic** **Problems**: The importance of education is not only limited to making people educated But also in facilitating an underdeveloped economy to solve different but interrelated macro economic problems like poverty, income inequality, population, investments, under utilization of resources. west asian countries are rich countries and the wage rates in those countries are very high. west asian countries are rich in petroleum products. therefore, they are known as the organization of the petroleum exporting countries (opec). in these countries, they need only un-skilled workers because to employ the workers in lower wages. they employ the workers on a contract basis. reasons for employing unskilled workers;• they employ workers on a large scale with lower wages. they do not need technically skilled or professionals for these jobs.• some west asian countries are underdeveloped countries. they need only unskilled workers to work in their factories and industries for the low wages, and another reason is there is a lack of such type of workers in their country.• currency value the west asian country is more than indian rupee which means the exchange rate is higher. * to know if your content is effective, you need to measure different metrics. content is continually pushed to be cutting-edge, relevant and timely. the problem with this is that content groups often don’t have the time or structure to slow down and make sure their content strategy aligns with the rest of the organization. in oil and petroleum refineries, process costing may be adopted more suitably. in a food chain organism which synthesise carbohydrates from inorganic compounds using radiant energy are called producers. these are autotrophs and make food for consumers.