Welding power supply

2016) It is a model that implies that an economy is self-regulating and that the supply of goods is proof of their demand. It is based on the idea that the market is always at, or near, real GDP and that the market itself will work to bring the economy back to the real level of GDP when it variates from the said level. One of the basic components of the Classical Model is Say’s Law. J.B. Say stated that supply is what created its own demand. It is the idea that if something is produced…

over and over again, even if it was in a place like Flint which helped establish General Motors. This conflict of firing people made General Motors more money; which was then viewed as having more power over the people. The idea that he would do it again without hesitation shows their need for power no matter who gets hurt in the…

Homo economicus or the economic man can be referred to the concept of many theories of economics. It portrays human beings as self-interested and rational agents, who pursue optimally the subjectively defined ends. Homo economicus maximizes the utility as the customer and profitability as the producer. The whole theory is compared to the different concepts of economic behavior, cognitive biases as well as homo reciprocans. In the game theory, the homo economicus is related and associated with…

Socialist economies are focused on distribution of resources and wealth to maintain fairness and to promote equality. The US economy is capitalist. In the US people have the right to compete freely with minimal government interference. We believe that supply and demand will determine the price to sell products and the prices will be kept low because consumers will look for the best product at the best price. The US believes that capitalism creates an efficient use of resources which will produce…

1) Market based transfer prices Market based transfer prices occur where a perfectly competitive market exist for intermediate products which makes it optimal for both decision making and performance evaluation to set transfer prices at competitive market prices. A perfectly competitive market exist when products sold are all the same and no individual buyer or seller can affect market prices. Transfer prices are recorded at market prices therefore divisional performance is likely to represent…

Cleanliness is very important in humans life because humans are living beings who want everything looks clean and beautiful for its survival, and protecting the environment, by keeping the environment clean. Many people who are aware and many are had not yet to aware of the concern for the cleanliness of the surrounding environment, it can be reflected as there are much trash scattered in public places. The situation is certainly troubling for users of public facilities. Trash bin that has been…

1. Variable costs will vary in direct proportion to changes in the level of an activity (1. Walther & Skousen, Managerial and Cost Accounting, 2009, 37). In other words this cost can’t be the same in all periods of time. It can be for example electricity bill for company’s office or fuel for the truck in the warehouse. Fixed costs are opposite for variable costs. Fixed cost don’t change with the level of an activity. Even if the output or input of a unit changes, it will still remain in the…

Water is one of the main necessities of life. Without water, our bodies would not function correctly. But wait, does it really matter where you get your water from? Of course it does. Bottled water and tap water have been in question to see which one is more effective in your life. Many people believe that tap water is unhealthier for you, that it does not come from a clean water source. Tap water is proven to be more effective than bottled water. Tap water is more cost effective and is proven…

Throughout history, prices were set between sellers and buyers through negotiations with one another. Usually in these circumstances, sellers would ask for higher prices, while buyers would offer less for certain goods or services. Through deals, they would come to a mutual agreement of price acceptance. Price is the only attribute in marketing mix that yields revenue, all other attributes produce costs (Kotler, 1997). Companies often use different pricing techniques to stimulate early purchase…

PRICE WAR- COLA INDUSTRY SHUBHAM VIJAY PGP 2015-17 INTRODUCTION Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors". One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of reductions starts. COLA INDUSTRY Stumbling twice to the hitches of bankruptcy, PEPSI today can boast of its position in the cola industry going neck to neck with COCA…