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    Problem Statement In an effort to remain a low-cost provider, Balagny Clothing Company made the decision to outsource the production of their clothing line to a contract manufacturer in China. By doing so, desired cost savings were obtained Balagny as labor costs and initial investments were less than if the domestic facilities continued manufacturing efforts. Although Balagny’s decision to outsource was created to minimize overhead, it eventually came with a price that nearly shortened the…

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    Whether we want to address or not, there is a social class delineation in our culture and America. Our country was founded by the British which had a class system and to a point it continues today. Most cultures and classes have branched out and crossed boundaries; however, some people and social classes may not adapt to change and may refuse to cross class boundaries. This paper discusses the difference of opinions regarding change and adaptation in culture between Schwable and Sowell and…

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    Starting with production, companies only need to produce what will be bought. With the “need” being the “cause” and the “effect” being “production,” we will look at the basic economics seen in a capitalist system. Since we gain our knowledge of cause and effect form experience, having a governmental system in place that allows for…

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    opportunities created through the rise of Industrialization. In the middle of this changing culture stood Henry Ford and his automobile company. Ford helped push American culture toward a heightened emphasis on mechanization, while also revolutionizing mass production through the creation of the assembly line. Yet, both Ford and modern American culture displayed contradictions in how they affected the American people. While supplying many benefits that brought great progress to American society,…

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    Global Production Essay

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    In this essay I am going to discuss recent changes of production in a global environment, and based on these changes, explain how business leaders will have to change in order to thrive in the next four years. Global production is the creation and assembly of components to make a finished product that will be exported to multiple different countries (Investopedia, 2016). The ability to adapt as a manager is crucial, as 21st century business leaders are currently working in a complex environment…

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    different firms regarding quantity to be produced or price to be charged. In other words, firms do not form 'trusts ' or cartels. Perfect competition facilitates optimum level of output and lowest level of price. 6. Perfect mobility: Factory of production are perfectly mobile. They will move to that industry where they get best price. Accordingly, uniform factor price prevails in the market. 7. No Extra transport cost: For one price to prevail throughout the market, it is essential that…

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    lack of understanding. Parker, Fournier, & Reedy (2007) defined communism as a society where the community jointly owns all the property and means of production instead of the individual, with the goal of abolishing states and social classes (p. 54). Parker et al. (2007) similarly defined socialism as the belief that the resources and production of a society should benefit the common good vice a select few individuals (p 237). Parker et al, posited that both communism and socialism have the…

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    Industrial Revolution

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    Around the eighteenth Century, various critical occasions occurred on the planet. One such occasion was the Industrial Revolution which occurred in England. It continuously spread to different nations of Europe moreover. The Industrial Revolution that occurred in England also led to the revelation of new ocean and exchange courses. One such ocean course to India was found by a Portuguese called Vasco da Gama in 1498. Thus, the English, French, Portuguese and the Dutch came to India for exchange.…

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    like the plague’. Species alienation; where as a result of product and activity alienation, workers become alienated from their essential nature, what makes them human. Marx says of this alienation that ‘ in tearing away from man the object of his production, therefore, estranged labour tears from him his species life, his real objectivity as a member of the species and transforms his advantage over animals into the disadvantage that his inorganic body, nature, is taken from…

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    Estrangement from Species Being Thus far we have examined the ways in which alienation and estrangement manifest themselves in the products of labour and the activity of labour itself. However, the third and arguably most nefarious type of estrangement, is the estrangement from species being. Marx succinctly describes the impacts of estranged labour on species being when he writes that estranged labour transforms, “Man’s species being, both nature and his spiritual species property, into a…

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