Economic efficiency

There are some differences between public and private forms of administration and these differences seem to outweigh the similarities (Harris, 1990: 4). This short essay question aims to depict that there is a difference between private and public management. The similarities and differences between the public and private sectors have always been habitually debated. For Boyne (2002), the main conservative distinction between public and private organizations would be their proprietorship. This is…

other specific trading advantages such as reduced tariffs, fewer trade barriers, and better import quotas (Acconci, 2005). These are also the factors that countries consider when giving MFN status to the other nation. If it would result in increased efficiency The MFN treatment cates room for most countries to acquire goods from the most reliant supplier and this is in line with the principle of comparative advantage. In case,…

increase in unemployment rate as millions of workers have been permanently eliminated from the economic process and many job offers have become extinct. Brynjolfsson (2011) presented the unfortunate catastrophe about the American Associations after the Great Recession between May 2007 and October 2009. In fact, companies didn’t resume employing, they hired new machines. After the sharp decline in economic activity during the late 2000s, the quality of the work field didn’t improve. As a result,…

A large number of studies has found evidence suggesting that educated population is a key determinant of economic growth (Barro, 1991; Mankiw et. al., 1992; Barro and Sala-i-Martin, 1995; Brunetti et. al., 1998, Hanushek and Kimko, 2000). However, there have been scholars who have questioned these findings and, consequently, the importance of human capital as substantial determinant of economic growth (e.g. Levine and Renelt, 1992; Benhabib and Spiegel, 1994; Topel, 1999; Krueger and Lindahl,…

morals of free enterprise. Achieving nations where jobs and income are based on merit distinctions certify Universalism and balanced efficacy and efficiency of organizations. The nations are limited. They serve to validate dissimilarity of clusters within countries who thrive and prosper in the system. According to Timmons and Hite, (2007), the global economic structure reflects a gender hierarchy where men dominate power positions and decision making both in management and in labor. Women…

kind service or new technology. Even though highly regulated, these services have always been in shades. In a survey, by PwC they found a shocking fact that banking, capital market, investment management and financial services had over 45-50% had economic crimes during the period of the survey(PwC, 2014b). Internet revolution has enticed us to get more in-depth information on a particular subject, with cost no cost. The technology in Bitcoin exhibited programmable trust without relying on a…

1.5 State Financial Corporation (SFC’s) The State Finance Corporations (SFCs) are the major component of financial institutional structure in the country. SFC provides financial assistance to small and medium industries of the states. SFC’s are plays significant role in establishing balanced regional development, higher investment, more employment generation and broad ownership of industries. Objectives of State Financial Corporation • To set up consistency in local commercial ventures. • To…

On the strength of this growth, the government identified the information technology enabled services (ITES)/BPO sector as a key-contributor to economic growth, and offered them benefits like tax holidays, previously enjoyed by the software industry. In 1999, after the deregulation of the telecom industry, national long distance and international connectivity also became open to competition. India's…

forces model. The PESTEL analysis is a tool that is used to determine what factors in the external environment are likely to influence the competitive position of a company. The PESTEL analysis looks directly at six external factors; political, economic, social, technological, environmental, and legal. Politically Tesla is in an advantage in comparison to other industry leaders. Due to recent regulations set by Environmental Protection Agency, that require manufacturers to make vehicles…

as a process wherein an organisation maximises its performance in order to achieve its ideal state. In a firm, change can take place as reaction to development in technology, increase in competition, consumer demand, and adaptation in political or economic structure etc. The main objectives to introduce the change in the organisations are to minimise costs, improve organisational…