Economics - 5415 Words

S.R. Luthra Institute of Management, Surat 2011-2013 A Comprehensive Project On SouthKorea Economy Submitted to Ms. Delnaz Kasturwala By INTRODUCTION: South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies. It is ahigh-income developed country, with a developed market, and is a member of OECD. South Korea is one of the Asian Tigers, and is the only developed country so far to have been included in the group of Next Eleven countries. South Korea had one of the worlds fastest growing economies from the early 1960s to the late 1990s, and South Korea is still one of the fastest growing developed countries in the 2000s,†¦show more content†¦The result was an increase in inventories and severe cutbacks in production at a number of electronics, automobile, and textile manufacturers, as well as at the smaller firms that supplied the parts. Factory automation systems were introduced to reduce dependence on labor, to boost productivity with a much smaller work force, and to improve competitiveness. It was estimated tha t over two-thirds of South Koreas manufacturers spent over half of the funds available for facility investments on automation. Rapid growth from 1960s to 1980s South Koreas real gross domestic product expanded by an average of more than 8 percent per year, from US$2.7 billion in 1962[16] to US$230 billion in 1989,[17] breaking the trillion dollar mark in 2007. Nominal GDP per capita grew from $103.88 in 1962[18] to $5,438.24 in 1989,[19] reaching the $20,000 milestone in 2007. The manufacturing sector grew from 14.3 percent of the GNP in 1962 to 30.3 percent in 1987. Commodity trade volume rose from US$480 million in 1962 to a projected US$127.9 billion in 1990. The ratio of domestic savings to GNP grew from 3.3 percent in 1962 to 35.8 percent in 1989. The most significant factor in rapid industrialization was the adoption of an outward-looking strategy in the early 1960s. This strategy was particularly well suited to thatShow MoreRelatedEconomics And Economics On Economics Essay1142 Words   |  5 PagesWhen we talk about economics we must first defined the word. Economics is a social science that studies human behavior and how to allocate our limited (scares) resources, efficiently and effectively to meet our unlimited human wants. Now as we dive deeper in to the field of economics we realized that there are two separate categories that the study of economics breaks off into. The first is macroeconomics, macroeconomics is the study of the whole picture when it comes to economics. Macroeconomics willRead MoreEconomics : Economics And Micro Economics1238 Words   |  5 Pages Economics is the study of how our unlimited demand of certain things can be met by our limited amount of supply. For instance, if there was an unlim ited amount of money for everyone, then everyone would have everything they had always wanted and would not have to work to get the money. Everyone would have billion dollar homes and the nicest cars in the world. Unfortunately, we do have a limited amount of money, so the economists find ways to get around that. There are two types of economicsRead MoreEconomics : Economics Of Business1361 Words   |  6 PagesHND Accounting Economics FINAL REPORT: The Economics of Business DUE DATE: 20 May 2015 Catherine Macintosh 11006620 For the attention of Sarah Sutherland Word count: 1,243 (Excluding Acknowledgements, Abstract/Executive Summary, Terms of Reference, References Appendices TABLE OF CONTENTS Page 1.0 Costs 3 1.1 Total costs 3 1.2 Average costs Read MoreEconomics1291 Words   |  6 Pageshis profit. Do you agree? Use a graph to illustrate your answer. The argument is incorrect. As the graph shows, a reduction in marginal cost will cause a monopolist to reduce his price. 2. Economist Harvey Leibenstein argued that the loss of economic efficiency in industries that are not perfectly competitive has been understated. He argued that when competition is weak, firms are under less pressure to adopt the best techniques or to hold down their costs. He referred to this effect as x-inefficiencyRead MoreEconomics1444 Words   |  6 Pagesresource is inefficient it means the resources are not used in the best distribution by firms or organizations. An ETS is executed when the environment has been polluted and the government intervenes in order to control the pollution by providing economic encouragements towards the firms and organizations to reduce the amount of pollution emitted in the environment (Brown* 2001). When ETS is implemented it reduces the pollution of the environment caused by different firms thus making it its main goalRead MoreEconomics1654 Words   |  7 Pagesï » ¿1. What is the ‘economic problem’? The fundamental economic problem is related to the issue of scarcity. Scarcity means that resources are limited and short in supply in the world (e.g. diamond). Because of limited resources and unlimited demands, society needs to decide how much to produce and distribute these relatively scarce resources. The basic economic problem can be define as what to produce, how much to produce and for whom to produce. Some countries are lucky to have great naturalRead MoreEconomics999 Words   |  4 PagesManagerial Economics MIDTERM Exam What changes can you envision to the real economy, should Rifkin’s vision of a zero marginal cost society, become reality? For me, Jeremy Rifkin is a great social theorist. I’m mostly agreeing with him, with his conclusions and visions of the future economy. They looks like perfect and definitely it’s a â€Å"think big† way of delivering the information. His book â€Å"The Zero Marginal Cost Society† is must read, of course. Trigger is a zero marginal cost. I’m completelyRead MoreEconomics1000 Words   |  4 Pagesconsumer change, there will be a much greater change in the production output in the capital equipment required to make those consumer goods. This change in the production of capital equipment, that is , investment spending speeds up the rate of economic growth or slump Since we are focused on short-run business-cycle fluctuations here, it is reasonable to ignore changes in K/Y that may be associated with long-run advances in technology. 15 – 10 proportional to the level of output in t, Kt Read MoreEconomic Growth And Economic Development917 Words   |  4 PagesEconomic growth refers to an increase in the capacity for an economy to produce goods and services as compared from one period of time to another. It can be measured either in nominal terms which include inflation, or in real terms that are adjusted for inflation. It is mainly influenced by unemployment, inflation, technology levels, rate of investment, population growth rate, among other factors. These factors are used further to explain the differences in the varying level of output per capitaRead MoreEconomics1134 Words   |  5 PagesMF 7701 Managerial Economics Quiz #1 Fall 2014 Instructions: 1. You may work on this quiz alone or with as many other students as you wish. If you work with other students, please submit only one (common) answer. 2. You may not talk about this exam with anyone outside of the two managerial economics sections. 3. You may work with people from the other section if they are taking this course. In all cases, please submit only one, common answer. 4. You must e-mail your final

The Nuclear Family - 1156 Words

American families have changed tremendously over the past years. Families did not only face the change in their status or social behavior, but also faced a change in their lifestyle. Now there are different types of families with different types of norms and values. Families are socially, ethnically and very expressively diverse than ever before. Back in the time, the role family was totally different, the parents were more strict than today. It could be said that the nuclear family is the nucleus of a society that reproduces through this type of family. what is the meaning of the nuclear family?. Basically, the nuclear family has as main characteristic that it is a concept of family that is a role and perfect familiar group that conforms†¦show more content†¦33). In addition, today we can see so many families that does not fit in the traditional family. Now most of the families both parents work and take care about the kids and the households. It is common to see unmarried couples with two or three children. For example, my parents started a relationship when they were eighteen years old, after two years my mom got pregnant. My older brother born and three years later my parents got married. In that time was not very common to see families like mine, but my parents did not care about it. Nevertheless, some people still think that the nuclear family is the same that was in the 50’s, but the truth is that the time is changing and a lot of people are focusing more in the modern families. Back in the time, being a single parent was considered wrong. It was completely different and out of the typical and traditional nuclear family. But now single parenthood is considered more acceptable. One parent families may still result from the death of a significant other, but now also come about through decisions or divorce. For example, I have so many aunts that are single moms, some of they are divorced, others are widows, and a few of them does not know wh o are the father of their kids. I grew up in Guatemala and this is so common to happen in my country. Being raised by only one parent seems impossible, but children of single parents can be just as progressive with emotional, social and behavioural skills as those with twoShow MoreRelatedThe Nuclear Family Essay1347 Words   |  6 Pages The Diminishing Nuclear Family Hadar Mustafa Jun29, 2015 Introduction More often than not, stable and functional families serve as a prerequisite to a good society. Hence, the society’s support system for families must be flexible because needs and goals of families vary over time (Loveless, 2007). However, nuclear families face many challenges because parenting, child-rearing, and other economic responsibilities had to be done by two adults only (Bowden Smith, 2010). In thisRead MoreThe Nuclear Family Replaced the Extended Family After Industrialisation679 Words   |  3 PagesThe Nuclear Family Replaced the Extended Family After Industrialisation Talcott Parsons believed that the nuclear family developed mainly as a result of industrialisation. He thought that before the industry took over the functions of the family, the families were extended units of production. This means that the work and home lives were combined and so each family member taught another one skill for life such as education. Parsons says that the extended family stayed togetherRead MoreNuclear Family: Definition, Advantages Disadvantages993 Words   |  4 Pagesand elsewhere, assess the view that the nuclear family is no longer the norm. 24 marks The traditional nuclear family is defined as being a family consisting of a heterosexual couple with 2 or more dependent children (own or adopted) with a clear division of labour. Meaning the men are the instrumental role (breadwinner) and the women are the expressive role (domestic and caring/childcare). Over time this has changed and the nuclear family as become less dominant, some sociologistsRead MoreMarried with Children: The Evolution of the Nuclear Family1396 Words   |  6 Pages Constance Ahrons, a doctor who coined the term â€Å"binuclear family† once said, â€Å"Pessimists say that the family is eroding. Optimists say the family is diversifying. Both points of view are right. Families are more diverse and they are more in trouble-but not because of their diversity. The families of today-whatever their size or shape-are in crisis because our economy is failing, our national resources are shrinking, and our governmental policies to support them are inadequate.† This quote givesRead MoreThe Effects Of Nuclear Family On Modern Society950 Words   |  4 PagesOver the past few decades social scientists have been engaged debates about family change and influences in modern society, with one of the main themes being the strength and relevance of the nuclear fami ly. Those who believe that the nuclear family unit is breaking down often site the fact that social structures holding up the nuclear family, such as marriage, are collapsing ‘The chances in some societies are now less that 50-50†¦ that a child will live continuously to adult-hood with both naturalRead MoreInfluence of Nuclear Family to Development of Antisocial Behaviour795 Words   |  4 PagesIntroduction A nuclear family is a family comprising of parent(s) and children. This model of family is an important aspect in modeling the future of the children. It is within the family environment that a child learns the art of socialization. The family is the first teacher of any child. Therefore, the family a child grows in has a major part to determine how a child will turn out to be later in life. A child is a product of his/her family. There has been a major evolution of the structureRead MoreExamining the View that the Traditional Nuclear Family is in Decline1344 Words   |  6 Pagesthe View that the Traditional Nuclear Family is in Decline When evaluating the view that the traditional nuclear family (of two opposite sex married parents living in a household that contains only them and their own dependant children), is in decline, I will be taking various pieces of research and evidence from Sociologists, Journalists and other sources, into consideration in order to try to determine how true this view is. The nuclear family would appear to be foundRead MoreWhat Does Your Family Fit The Nuclear? Essay1303 Words   |  6 PagesQuestion: To what extent does your family fit the ‘Nuclear’ family, which is still, against the evidence seen as the norm in Western society? Growing up, I never really understood what a â€Å"normal† family was supposed to look like. Before I was even born, my parents had split for good (although the were never married). I stayed primarily with my mother, and it was just the two of us for about four years, although we stayed with others along the way. I interviewed my mother about this time in herRead MoreThe Nuclear Family : America s Ideal Misery Essay1359 Words   |  6 PagesThe Nuclear Family: America’s Ideal Misery Many of us overlook the importance of something as simple as â€Å"family† because it has been something we are familiar with since our first day on this planet, never thinking twice about to topic. Truth be told, the family unit is crucial to who we are and what we value, and even in the bigger picture, the cultural importance it has on society. When we explore one of the most signature family units to date, the nuclear family, we learn its optimistic appealRead MoreThe Extent to Which Social Policies Reflect and Support the Traditional Nuclear Family938 Words   |  4 PagesSocial Policies Reflect and Support the Traditional Nuclear Family Social policy is the package of measures taken to solve a social problem. I intend to assess the New Right and New Left, the taxation law, the Child Support Agency, the fact that the government encourages families to look after themselves, and that 16- 18 year olds don’t get job seekers allowance. The New Right is traditional. It supports the nuclear family and is for being economically independent, not

Communism Post World War Ii Events free essay sample

Russia did not want to allow their portion to be unified into a post-War Germany for fear that the Germans would again be an aggressive and powerful invader. They blockaded Berlin which forced the U. S. O circumvent the blockade by flying planes over and dropping food and supplies to the Berliners. Meanwhile, Russia was helping communists successfully gain control the governments of Hungary, Czechoslovakia, Bulgaria, Poland, and Romania. Their section of Germany became the communist held regime of East Germany. The plans aim was to rebuild the democratic and economic systems of Europe and to counter perceived threats to Rupees balance of power, such as communist parties seizing control through revolutions or elections. 70] The plan also stated that European prosperity was contingent upon German economic recovery. E allowed their freedom B. The Marshall Plan The view of the Marshall Plan is that it was a bold strategy for helping the nations of Western Europe rebuild and grow strong enough to fend off the spread of communism. We will write a custom essay sample on Communism: Post World War Ii Events or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Marshall Plan was both an event in the Cold War and an important part of the recovery of Post-World War 2 Germany and Europe. In the first few years after the war ended, Germany remained devastated economically. Germany faced major problems due to the loss of agricultural East Germany to Russia making it necessary for the other three zones to import food from outside Germany.Germany had no way to pay for the food so it was charity food. The American and British reacted quickly realizing that such a welfare system could not last forever. Germany had to be revived economically. They quickly organized programs designed to reopen factories in their two zones. This worked well since the effect of the bombings was deceptive and many factories could be quickly reopened. Still, much recovery work needed to be done . In 1 947, after Russia refused to assist in rebuilding the continent, General George Marshall and staff began to work on a major plan to help revivalist the continent.On April 3, 1 948, President Truman signed the Foreign Assistance Act, the legislation establishing the Marshall Plan. The plan concentrated on fixing the damaged infrastructure, flooded coal mines, and senseless trade barriers that were slowing the growth in each nations economy . Partly as a result of the Marshall Plan, the European economy came roaring back after World War II and most of Europe was saved from the grasp of communist Soviet Union. The Soviets and its communists satellites, on the other hand, went downhill economically until even the whole communist System fell apart. The election of Conrad Deadener also helped greatly with the recovery of Germany in Post-World War II. He was elected German Chancellor in 1949 and served until 1965. However, the perfect ingredients were in place for the Marshall Plan to be successful in Post-World War II Europe. Europe was a highly advanced industrial society before the war so adequate skilled manpower for an industrial recovery was present after the war. Additionally, the many European plants which had produced war items were easily converted to producing peace-time items after the war.

The Use of Tone in Man of La Mancha Essay Example

The Use of Tone in Man of La Mancha Essay In the play, Man of La Mancha, written by Dale Wasserman, a conglomeration of techniques is used to set or change the emotional feel of a scene. Lighting is lowered to create a sinister feel, or to show that that scene is in the prison, and sometimes it is increased in order to portray joy, or show that the scene is in the poet’s story. Musical crescendos and decrescendos are also used to show this. But even more important than these, are the tricks used by the actors themselves. Blocking, body language, and emotion are all very important, but one specific thing that I noticed was the tone of the performers. In the scene with the barber, the gypsy girl, and the â€Å"Golden Helmet of Mambrino†, the barber’s confusion and slight fear can be clearly heard, even through his minimal lines. Also, the profuse sincerity of Sancho Panza, not to mention his worry for his master, is clearly expressed in each and every of his scenes, especially the opening scene Cervantes’ tale and the final scene where Don Quixote dies after being reunited with his Dulcinea. Even while singing, (I Really Like Him) his tone and emotion remained consistent with the feel of the scene. The actor’s tone also remains constant to his character throughout the play, never becoming too brusque, or too insipid. Mainly though, the character with the most control over, and who had the best use of his tone, was Don Quixote. In the scene, for example, where Don Quixote is faced with the Knight of the Mirrors and his attendants, his cries of agony at the realization of his situation perfectly depicts the terror which is meant to accompany it. We will write a custom essay sample on The Use of Tone in Man of La Mancha specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Use of Tone in Man of La Mancha specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Use of Tone in Man of La Mancha specifically for you FOR ONLY $16.38 $13.9/page Hire Writer His sadness on his deathbed, his ecstatic joy in the recovery of his memories, and his humility when begging to be officially knighted, are all perfectly portrayed, primarily by the tones he uses to emphasize what he is saying. You can truly believe that he is dying, or remembering his love, or believes that the hotel is a fortress, and it’s landlord , a king. It takes many parts to make a play successful. The following of cues, memorization of lines, and the timing of special effects are all important. On a deeper level, the actor’s concentration, dedication, and skill levels are also crucial. A key part though, which can make or break the play, is the actor’s tone when he or she says her lines. With the incorrect tone, the scene feels wrong and the illusion of the play is broken. In this rendition of Man of La Mancha, the actors placed their tones perfectly, which successfully brought forth the underlying messages in the story, which are usually unintentionally omitted.