Posts

Gain and Weakness of Liberal Economy

Gain There are several gain of a liberal economic system, which is: •Evoking initiative and society creativity in manage economy activity, since society not necessarily again wait instruction / commando of government. •Each free individual has to production resources, one that its following will push society participation in economics. •Arise spirit emulation for forward of society. •Resulting high-quality goods, since marks sense spirit emulation among society. •Efficiency and tall effectiveness, since each economic action to be gone upon motif looks for gain. Weakness Besides available gain, there is also umpteen weakness than liberal economic system, are: •Its happening is emulation frees that unsanitary when bureaucrat it is corrupt. •Rich society gets rich, one that indigent getting indigent •There are many its happening monopolizes society •There are many happening it distortion in economics because resource allocation fault by individual. Difficult propertied generalization
1 comment
Read more

Economic Bubble

Economic bubble, speculative bubble, or finance bubble is trade deep volume big at the price that so in contrast to point intrinsic .Although many economist deny to mark sense bubble economies, cause of regular bubble becomes daring to be analyzed on their behalf which is certain that asset price so frequent deviates from intrinsic point. Even available a lot of explanations about economy causes, lately been known that bubble can emerge even without preceded by uncertainty, venture, or circumscribed rationality. Explanation other to say bubble economy may finally because of price coordination process or social norm a new one appearance. Intrinsic appreciative watch often be hard in a state been done reality at market, so frequent bubble just get for sure been recognized retrospective ala, while happens price decrease with a bump. Situation descent of disrepairs so-called price or "its break is bubbling". boom's phase economy and also recession in a bubbling economy is exa
Post a Comment
Read more

Microeconomic knowledge

Microeconomic knowledge (often also been written microeconomic) are branch of economics that study consumer and firm behavior and market price pricing and input factor amount, goods. Microeconomics analyzes how spontaneous sort and behavioral that regard offer and requisition on goods and service, one that will determine price; and how price, in turn, determining offer and goods requisition and succeeding service. Individual that do consumption combine or optimal production, jointly another individual at market, will form a scales deep balance macro; with that assumption all the things other regular with (ceteris paribus). Opposite of its microeconomics macro economy, one that work through economy activity as a whole, particularly hits economic growth, inflation, unemployment, a variety associate economics policy, and impact on medley commanding action (e.g. taxes zoom change) to that things. One of microeconomics aim is analyzing therewith mechanism market it’s that form relative pric
Post a Comment
Read more

Economy of Scale

Economies of scale, in microeconomics, are the cost advantages that a business obtains due to expansion. They are factors that cause a producer’s average cost per unit to fall as scale is increased. Economies of scale is a long run concept and refers to reductions in unit cost as the size of a facility, or scale, increases. Diseconomies of scale are the opposite. Economies of scale may be utilized by any size firm expanding its scale of operation. The common ones are purchasing (bulk buying of materials through long-term contracts), managerial (increasing the specialization of managers), financial (obtaining lower-interest charges when borrowing from banks and having access to a greater range of financial instruments), and marketing (spreading the cost of advertising over a greater range of output in media markets). Each of these factors reduces the long run average costs (LRAC) of production by shifting the short-run average total cost (SRATC) curve down and to the right. Economies of
Post a Comment
Read more

Management Information System

A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems. At the start, in businesses and other organizations, internal reporting was made manually and only periodically, as a by-product of the accounting system and with some additional statistics, and gave limited and delayed information on management performances. In their infancy, b
Post a Comment
Read more

International trade

International trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Silk Road, Amber Road), it’s economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is a major source of economic revenue for any nation that is considered a world power. Without international trade, nations would be limited to the goods and services produced within their own borders. International trade is in principle not different from domestic trade as the motivation and the behaviour of parties involved in a trade does not c
Post a Comment
Read more

Human interaction management and Management effectiveness

Human Interaction Management (HIM) is a set of management principles, patterns and techniques complementary to Business process management. HIM provides process-based support for innovative, adaptive, collaborative human work and allows it to be integrated in a structured way with more routinized work processes that are often largely automated. HIM has an associated methodology called Goal-Oriented Organization Design (GOOD). GOOD emphasizes effectiveness over efficiency, and combines various approaches: • Top-down: "Process Architecture" defines business strategy via a network of interacting high-level processes; • Middle-out: "Levels of Control" separate process governance into Strategic, Executive and Management; • Bottom-up: "Stories" represent collaborative work processes that the participants evolve on-the-fly as part of the work itself. In management, the ultimate measure of management's performance is the metric of management effectiveness whic
Post a Comment
Read more