Advantages and disadvantages of the different economic types

Advantages and disadvantages of the different economic types What is economics? Economics is the study of the forces of supply and the demands allocate deficient resources. Economics is divided into microeconomics and macroeconomics. Microeconomics is something doing with the behavior of firms, consumers, and also about the role played by the government. Macroeconomics is more to inflation, industrial production, unemployment and the role played by the government. Microeconomics is the study about the behavior of small economics unit, for an example, individual consumers or households. Microeconomics is behavior of individual units. Microeconomics main concern is about the factors that affects an individual economics choice. Other than that, economics also can be said as branch of social science that can read the production distribution and the consumption of goods and service. Economics also include scarcity, choice, households, goods and productions as a definition. Economics system are studies of the method and institution where societies determine about the ownership, direction and allocation of economics. There are three types of economics system; Socialist system is a system that can be defined as a centrally planned or can be said as command economics. This system is fully controlled by the government. All the choice about resources are all made by the government. Capitalist system means free market economics. This system is like a freedom economy. This is because of the decisions made by the people. This system is mainly about the people in the country. Mixed economy Mixed economy is an economy based on the free enterprise principle. There is still some form of direct intervention and it is controlled by the government. Mixed economy can be said as a form of organization where both capitalist economy and socialist economy are found. In mixed economy there is the presence of private economic freedom with centralized planning and the common goal of avoiding the problems which comes because of capitalism and social ism. In the mixed economy system the main authorization of the economic activities are mainly by the governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s regulation and the licensing policies. For an example, if someone wants to open a business, they must register and take license from the government for that particular business. So in this way, the government becomes a big power in the country. Mixed economy is also known as dual economy. In a mixed economy, the government runs things as post office, libraries, hospital and many more. Even when there is an industry which is not run by the business, still government get taxes and regulation like wage controls. Most of the people all over our country have no problem with the government take control of things like highway construction, birth certificate, national service economy may seem to be very easy as it is but there are some disadvantages in mixed economy also. The biggest disadvantage is between the public and private sector because they easily get b lurred or sometimes shift one way or another from time to time mixed economy usually increase more government control and less individual freedom. This is why mixed economy is always in an evolutionary process.

Design an ethics program Essay Example | Topics and Well Written Essays - 2500 words

Design an ethics program - Essay Example There are many forms of business ethics such as the philosophy of the business. By this we mean that if the sole purpose of the firm is to maximize the wealth of its shareholders then they will not consider the interest of anyone else. Then there is the concept of corporate social responsibility which considers the rights of company and the society as a whole. Then there are ethical issues pertaining to the intra industry competition, corporate governance and the misuse of the ethics for one's own benefits. In order to overcome such ethical issues companies focus more these days towards the formation of their ethical program in the organization. They are diverted towards promoting non social values by addressing such issues on their company websites under headings such as social responsibility charters and the codes of social conduct and so on. There are mainly three ways in which the company can make this ethical program. One such business is ABC manufacturer of cereals offering products for children and family. The company also sells frozen waffles and pancakes. It is very important for them to generate an ethics program as over the years it has been seen that businesses and governments have to confront public, political and legal reactions in cases of misconduct. Compliance with the company's policies, regulations and procedures is an effective tool for the smooth functioning of the organization as well as its reputation of the business. Customers also perceive you positively. Successful organizations particularly lay special emphasis on it due to its benefits. It reduces widespread risk. It is sign of good corporate governance; it will facilitate the company in achieving its goals and long term prosperity. It will promote the values of the organization and help it in maintain its ethical health (Fraedrich & Farrell, 2008-09). There are mainly three ways in which ABC can make this ethical program. ABC can form specific rules and guidelines in order to regulate their standards for example a written code of conduct or it can form a statement which comprises of the missions and values of the business. Then there are some firms that apply corporate philosophy such as Hewlett Packard did, they defined it as HP's way of doing business. Like Hewlett many business organizations use this approach. Research has shown that there are a lot of benefits of such a program such as the prevention of misconduct, this will save the monetary losses and also gain customer trust. The business will be adaptive to organizational change. By implementing the rules they can come up with various other ways of mergers, acquisitions and adapting new technology. Prevent them from getting fines of billions of dollars and penalties which can be very costly. It will help boost the relationship with the stakeholders. Stakeholders are all the groups related to the business that have some form of interest in the business. The company will be able to get away with the corporate scandals if they have a defined compliance and ethics program. Moreover external auditors go through the compliance culture of the company while performing the audit of the company. They have their own

THERAPUTIC HYPOTHERMIA POST CARDIAC ARREST Essay

THERAPUTIC HYPOTHERMIA POST CARDIAC ARREST - Essay Example One of these means is identified to include the use of reflective analysis, whereby after any major task with a patient, the nurse sits back to reflect on the nursing practice that was executed, using a series of methodologies and procedures. In this paper, such clinical judgment in the nursing management of a patient is undertaken. The patient was taken care of after post cardiac arrest during the first 6 hours of his initial admission to the hospital. As part of regular nursing practice, there are several decisions and actions that were taken that were based on academic and clinical reasoning. The reflective paper will therefore give a general profile of the patient, after which there will be a vivid discussion of the care that was rendered. There will then be an appraisal of the care, which shall take the form of a critical analysis of the care before a reflective conclusion is given. This is the case of Mr. B, whose actual name is withheld for ethical reasons to keep the identity of the patient anonymous. Mr. B was admitted to the hospital for the reason of a post cardiac arrest. This means that the patient was going through a moment of cessation of what was to be the normal circulation of blood into his heart (Sonneville et al., 2013). Such instances of cardiac arrest have been attributed to a failure for the heart to effectively contract and expand as part of its regular functionality (Peberdy et al., 2010). It was realised that Mr. B’s instance of cardiac arrest had come about whiles he was undergoing treatment for acute exacerbation of Asthma in one of the medical ward. Some of the specific instances of symptoms that he showed at the time of being reported to the ward were I was in charge included an arrest with a rhythm of pulseless electrical activity (PEA). It would be noted that under very normal situations,

Article Analyses Essay Example | Topics and Well Written Essays - 500 words

Article Analyses - Essay Example It has been opined by scholars that such organizational â€Å"dysfunctions can be overcome when members of well-designed teams collaborate to formulate and implement a performance strategy that is uniquely suited to task and situational requirements †¦. Explicit co-ordination processes are necessary for tasks that are highly interdependent †¦Ã¢â‚¬  (Woolley, et. al. 354). Any work of analysis encompasses several steps and unless there is a close proximity between all these steps it becomes tough for members to produce an effective team work. Thus, simple integration with specific strategy planning is not sufficient but it is also equally important that leader of the team should attempt to ensure the elements of mutual communication as well as assistance. Unless the leader has sufficient â€Å"spatial† and â€Å"object memory ability† (Woolley, et. al. 355), the members cannot be managed properly. More or less, members of a team are required to have these qua lities but in practical situation, it is not possible that they would be experts in exercising of both these qualities. Thus, for the purpose of maintaining balance in team performance, it is required that members would complement and supplement each other. However, such process of complementing cannot be fulfilled only with expertise of the leader (â€Å"coordinating member†); rather â€Å"interpersonal diversity† of members and their respective â€Å"personal skills and experience† are also necessary to fill up the gaps (Woolley, et. al. 356). In order to overcome these problems, in case of organizational functioning of a team associated with analytical jobs, systematic evaluation of data and searching for proper modes of evidence are very important. Unless proper coordination can be ensured among team members, there will be gap amongst assimilating these two most crucial steps of analytics. Consequently,

Managing change, small hotel development Essay Example | Topics and Well Written Essays - 500 words

Managing change, small hotel development - Essay Example year 2020 is 5 years away; hence, considering the analyses that has been conducted on the Sea Front Hotel, the chances of development over the next five years can be assessed. One of the greatest strengths of the hotel is that it is not mired in any form of debt. As a result, in spite of the global financial fluctuations that occur, it can be said that the financial risks of any global economic downturn in the next five years will have little effect. However, the hotel lacks an online presence and it still uses conentional methods of communication. It has to be noted that nearly all successful businesses, especially those in the hospitality industry like Sea Front Hotel, make use of the internet as an essential marketing tool (Dudovskiy, 2015). The hotel cannot only rely on increased consumer spending because they are not assured that they will spend their money on an â€Å"unknown† hotel, due to its poor marketing strategy. In the face of competition over the next five years, the hotel is likely to achieve minimal development, because of its poor marketing plan. In addition, it has a limited customer base and needs to diversify. Due to the growth of the economy, its development chances can be sustained at the moment but not increased as it cannot rely on the national economy to develop. The chances of development for the Sea Front Hotel over the next 5 years are deem. Due to its favourable location setting, the hotel should be flocking with customers at the moment, but that is not the case. At the moment, it should be having a medium profit margin because it has a cheap source of supplies from the local area due to heightened competition among the suppliers. The cheap sources function as a financial cover, coupled with its lack of debts. However, its profit margins are low at the moment, something that the management should be planning to improve. The changes that can be implemented to improve this is the use of a cheap source of power, wind power, due to its

Mobile Device Security Policies Research Paper Example | Topics and Well Written Essays - 500 words

Mobile Device Security Policies - Research Paper Example It mitigates any other forms of software and device abuse such as use of pornographic materials. The policies and restrictions apply to all the users in a specified area which is covered with such a policy. This is to protect usage of network. The policies are enforced on anyone who uses the devices, and there are penalties for noncompliance which include civil or criminal litigation, restitutions and fines (Long and Long, p 91). The policies that might be proposed to protect mobile devices may include, but does not narrow to the following; There must be a password to protect every device (Negri, p63). This is to limit its use to unauthorized persons. It should be a strong password, for example, eight characters in length. Another policy is ensuring physical security of the devices. This is to be ensured by the owners and any other authorized user and ensure the devices are always kept in a secure place (Bott, p 85). Another policy on mobile devices is that all sensitive and confidential documents stored should be encrypted to ensure security (Henten, p 13). It also ensures data is removed in case the device is to be disposed. Mobile device options that are not in use should be disabled to ensure there are no breaches on any information. Screen locking and screen timeout should be implemented as a security policy. Mobile devices should be scanned for viruses this to protect deletion of files by the virus (Ca lhoun, p 62). Software restrictions policies are part of Microsoft security and management to help their customers to make their devices more reliable and manageable (May, p 32). The restrictions ensure that viruses are fought using the best ways possible to avoid loss of data. The company also restricts which activeX controls can be downloaded. This is to ensure their users use only the recommended software (Panchal and Sabharwal, p 42). The company also insists on using scripts which are digitally signed. This reduces the

Case Study 3 Example | Topics and Well Written Essays - 250 words

3 - Case Study Example Furthermore, his elevated blood pressure exposes him to hastened brain aging, due to developing brain injury. Continued smoking will noticeably increase his risk of experiencing heart disease, since the nicotine raises his blood pressure considerably, even as his arteries narrow. Moreover, his fasting glucose of 172 can lead to pathogenesis of his hypertension, through enhancement of kidney disease, or otherwise vascular stiffness. The deterioration of his Lipid is due to his dietary habits, possibly use of diverse dietary fats, greater use of refined sugar, coupled with lack of physical activity. Therefore, the main objective of treatment for Patient X is to lower his blood pressure to around 140/90 and even lower, given that he has diabetes. Treating hypertension is vital for reducing Patient X risk of undergoing stroke, heart attack, or even heart failure. Accordingly, a plan of weight loss in conjunction with moderate, but self directed physical activity, offers a good groundwork by convincing him that such measures are beneficial. Weight loss will enable him to increase his HDL cholesterol, and as a result decrease harmful form of LDL cholesterol plus triglycerides. It is therefore important to encourage him that, even a modest level of weight-loss of around 5-10 percent of his entire weight, may positively reduce his blood pressure and increase his body sensitivity to insulin, in addition to reducing his central obesity ( National Heart, Lung, and Blood Institute, 7). An individualized eating plan will be helpful, since it is tailored to his personal likes plus dislikes. Aerobic exercise will help him to maintain and put in lean body mass, muscle tissue, and simultaneously losing fat. For instance, a walking program is easier, like walking 40 minutes daily for a few days within a week, as this will lower his blood pressure,