How businesses are established abroad- When developing your business in a foreign market or region, you might consider establishing a more substantial operation. This can be for a variety of reasons such as lower costs, increasing market penetration, improving customer service and complying with government regulations. Most firms only set up an overseas operation after testing the market. This can...
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The robotics revolution has started! Since robotics have been manufactured, the efficiency and productivity in working conditions are growing rapidly. They formed a huge leap in our lives as they became part of many workplaces. Moreover, they can implement a wide variety of tasks successfully in a record time compared to human performance. Also, they are playing a pivotal role...
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Education is the hope for the development and success of most third world countries and the world dominates the country. Compulsory education creates a space for better growth and development. Education has the potential to completely change the course of a country: to train trained and educated young people. A country achieves its goal of economic growth at a higher...
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The COVID-19 pandemic has led to huge social and economic upheaval globally. In March 2020, the US 10-year breakeven rate (the market-implied average inflation rate over the next decade) reached 0.55%, when the world was peering into a deflationary abyss. Fast forward a little over a year, and investors have flipped from fears of persistent deflation, to fears of persistent...
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Karl Marx is undoubtedly the most prominent and well-known figure in anti-capitalist literature. His most famous piece of work, ‘The Communist Manifesto’, goes into very close detail about the class struggle and the exploitation by the few of the many. This essay will go into detail about Marx’s characterization of the relationships between classes in capitalist society. By looking at...
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In an interview with the Harvard Gazette, Zuboff defined surveillance capitalism as “the unilateral claiming of private human experience as free raw material for translation into behavioral data; these data are then computed and packaged as prediction products and sold into behavioral futures markets business customers with a commercial interest in knowing what we will do now, soon, and later”,...
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Compensation is an indispensable and widespread thing of the management procedure of each organization. Most corporations choose to fulfill their mission, gain their objectives and maximize return on their investment, especially on their human capital. Doing so requires that their compensation philosophy, design, transport and decisions be balanced, fair, focused, and understood by using their worker and plausible worker constituencies....
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Capitalism as a self-destructing political, economic and social system is central to the understanding of Marx’s ideologies. By critiquing a structure that shapes the lives of many populations today, his work proves to still be extremely significant in offering an insight into capitalism and its implications. However, this assumption of capitalism inevitably self-destructing is one of which that is debated...
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Rewards and compensation play a vital role in motivating employees and improving performance in organization. A cautiously designed reward and compensation system can significantly increase the performance of employees resulting in organization's effectiveness and productivity. With the changing scene in the world of work today, a multifaceted reward and compensation system is required to meet the demands of the employees....
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The debate over how humane capitalism is and most probably will be never completely settled. However, in a lecture at Cornell University in 1977, Milton Friedman provides a different perspective. One that does not fault the systems of the economy itself, but the results the system encourages and the role of individual morality. He touches upon the social injustices that...
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Corruption is everywhere and will always be a part of our daily life. Whether it is minor, such as bribery, or a major one, like money laundering, we can’t deny its existence. According to Bardhan (1997), “Corruption is defined as the misuse of public power for private benefit” (p. 27). In the Philippines, the infamous and most extensive type of...
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There are different operations, strategy, beliefs, and principles that guide every economic structure. The principles and ideas that are dominating in such territories determine the type of system in operation. Capitalism vs. communism are two contrasting economic systems which are applicable in different places. Majorly, the difference between communism and capitalism is that the formal support equality in society by...
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Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of human resource management. Compensation and Benefits is two different concepts. Compensation is the crucial part of every job. When every person receives a job offer, the first thing they look at is the...
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Today, as thirty and forty years ago, economists debate how much unemployment is voluntary, how much involuntary, how much is a phenomenon of equilibrium, how much a symptom of disequilibrium; how much is compatible with competition, how much is to be blamed on monopolies, labor unions, and restrictive legislation, how much unemployment characterizes ‘full’ employment. A concept of full employment...
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Democracy and market capitalism are two partners, although there are ample to benefits of their relationship yet market capitalism has extraordinary influential impact on the outcomes of country’s democratic status. The voting system in countries make them more democratic and the term market capitalism means private enterprises where monetary entities are people or other ventures. Some people believe that relationship...
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The compensation models used in digital marketing are commonly used online to motivate customers to have a look on the product or brand. The compensation models that I will be outlining are cost per thousand (CPM), cost per click (CPC) and cost per action (CPA). Starting with cost per thousand is one of the most common models for advertising online,...
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The Republic of the Philippines has been called the ‘promise of Asia’ and the ‘sick man of Asia’ alternately ever since its search for stability, prosperity and development began (Manrique & Manrique, 2017). This review attempts to show how the use of social media in one country, the Republic of the Philippines, has grown and has been used to encourage...
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Capitalism had a significant economic and therefore social and political impact on United States society during the years 1919-1941. Capitalism is an economic system that encourages individuals to make profits through investments and the private ownership of goods, property and the means of production, distribution and exchange. Capitalism created economic prosperity for business and industry resulting in an increase in...
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Capitalism is a form of economy driven by economic freedom. In this system, private individuals and corporations own capital and independently decide how to use their capital to make profit. They determine which goods to produce, the quantity to produce and try to sell their goods at a profit based on consumer demands. Producers, motivated by making profit, produce new...
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Ramon Bong Revilla Jr. is a man from Cavite who followed his father’s footsteps but made a name for himself. He was said to be a defender of the poor and oppressed citizens. He made this claim true by entering the field of the political offices in 1995 when he became the vice governor of his hometown, Cavite. He strongly...
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Workers’ compensation in Tulsa is very direct. Oklahoma workers’ compensation operates under the no-fault law. This means no matter who is found to be at fault for the accident, benefits for those affected will be paid through workers’ compensation. Receiving the proper health care is crucial. Doing so in a timely manner is also important. First, the sooner you receive...
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Reducing the unemployment rate in a country is one of the responsibilities of the local authorities to ensure that the people and producers of the country have sufficient resources. As we all know, unemployment can be caused by two sides, namely demand-side failures and supply-side failures. Therefore, there are two strategies used to address the problem of unemployment namely the...
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Do you know safety is vital to everyone? Businesses need to start taking employees’ welfare with seriousness. So, business has an obligation of ensuring the employees’ safety is guaranteed. If businesses don’t plan early enough, they might end up spending a lot of money pay for medical expenses and bills relating to the employees’ health? I hope from today the...
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Let’s first know what’s ‘inflation’; it’s the increase in consumer goods and services price cause of producing several banknotes more than those goods and services itself. Or vice versa, which means there is a production surplus remains from the overall supply, or maybe because of the increase in production cost itself. A lot of causes could lead to inflation. Therefore,...
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Have you ever thought about how inflation can affect us in a financial sense? This paper will go in depth and explain the causes of inflation and how it affects consumer behavior, income, investment, and business. In this paper we will go over the methods on how inflation is usually managed and what standards it meets to raise alarm about...
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Compensation can be described as a systematic approach to providing monetary value to employees in exchange for work performed. Employee compensation may achieve several purposes in recruitment, job-performance and job satisfaction. It can be defined as all the rewards earned by employees in return for their labor. We have to say that сompensation is divided into direct and indirect components....
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Capitalism and socialism are the two most important systems that along modern history have had an effect on the social structures, economic methods and political position of many nations. Through period of the 18th 19th centuries that two systems of political economy occurred as the primary competitor to each other. Capitalism is in countenance private goods and decentralized economic judgement...
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The question of whether or not capitalism is a good or bad system requires that we first define our terms. We will use Milton Friedman’s basic definition of capitalism as an economic system, where private citizens engage in voluntary exchange and cooperation without compulsion from the state, and where the means of production are primarily owned and operated privately for...
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As we all know unemployment has many effects on the individual. Whether you want to apply for a job in your home country or even in another country, unemployment is becoming a big issue that many countries are facing. Whether it’s due to robots doing a more efficient and faster job than humans or maybe even a more precise job...
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This paper tries to reviews the effects of unemployment in Kenya. How the effects are leading to home breakage, Kenyans are falling into depression. This has made the young people still in school downhearted and wonders if they will fall victim to unemployment. Unemployment cuts across the country in that, in every five people you meet on street one of...
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