Each of these can be considered an evolutionary step forward from the previous theory in recognising and incorporating notions of corporate social and environmental responsibility. ... Many agencies would simply disappear, including those involved in regulating education, unemployment compensation, social security, health care, environmental impacts, and pollution control. ... All expenditures, including those made solely for profit versus social or environmental reasons, involve costs to some individuals and benefits to others. ...

• Word Count: 2501
• Approx Pages: 10
• Grade Level: Undergraduate

As society grow to include more people, human tastes and preferences continually grow, creating an inevitable conflict between the magnitudes of human wants and the availability of resources for satisfying them. The tension between limited resources and unlimited wants makes the efficient use of resources especially critical and underscores the importance of optimising behaviour. Therefore, a free market economy should be imposed as an economic model so that the resources can be allocated efficiently to each economic actor. According to Adam Smith's work, the "An Inquiry into the Nature...

• Word Count: 2544
• Approx Pages: 10

ï»Â¿1) Define the term price elasticity of demand and describe the three (3) price elasticity ranges. Describe the relationship between the price elasticity of demand and total revenues of a firm. Provide at least one example of an actual product or service as a reference point in your answer.   Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics).Microeconomics is more concerned with the allocation of scarce resources and the elasticity of consumers and producers at the level of households and firms.             Â...

• Word Count: 2802
• Approx Pages: 11

Karibu ! That is a word that many a visitor will hear as soon as they arrive in Kenya. Kenya, the land of great sceneric beauty and friendly people, lies in the eastern part of Africa. It borders Ethiopia, Uganda, Sudan, Somalia and Tanzania. It also borders the Indian ocean and Lake Victoria. ...

• Word Count: 2727
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate

Task 1 Different Types of Organizations and the Purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main objective for their business. Organizations help in making profit in a standard way. The different purpose of organizations helps in building the structure of company. Different Types of Organizations There are three types of organizations in business field. ...

• Word Count: 6987
• Approx Pages: 28
• Has Bibliography
• Grade Level: Undergraduate