Political concerns shape economics policies oriented policies are economic oriented. It has become an explicit tool of national strategic and diplomatic policy. Embargo Oil embargo of 1973 by Arab was to pressurize European countries to maintain good relations with Arab world France applied an embargo to …
In this modern geo-economic world, economics is the battle field for political conflicts. Through out the modern history production, distribution and consumption have been affected by diplomatic and strategic factors. Mercantilist Period During 15th and 18th Centuries (Mercantilist period), economics interaction had two principal political characteristics. …
Introduction to International Economics and Politics International economics is mainly concerned with the study of economic relations among nations. In International Economics we keep emphasis on the study of different economic institutions, which are working internationally, different economic system, which are prevailing or which were once …
Rousseau Biography Jean Jacques Rousseau (1712 -1778) is basically a political thinker and strong believer of naturalism which means that every thing has its own natural law, according to which those things work. Rousseau born in 1712 in Geneva Switzerland. His father was a poor watcher …
Introduction Jean Piaget was born in Switzerland in 1896. After receiving his doctoral degree at age 22, he started work in psychology and education, especially on children intellectual development. According to him children are not less intelligent than adults, children think differently. His Cognitive Development theory …
Pre Scientific Management Era up to 1880 The art of management has accident routs. The moment people began live and work together, organization and management came into existence. Modern management thought has developed through following several stags: Classic Approach (1830 – 1930) This approach was evolved …
What is Resource Planning Resource planning is essentially an effort to match the resource demands of a project with the availability. The leveling process is actually a form of resource scheduling, as such, it is related to timing of the project. Activities are shifted within their …
That property of a commodity which satisfies the wants of the consumers is called utility. Then it is want satisfying power of a commodity. It is subjective and ethically neutral concept. The Law Of Diminishing Marginal Utility The law has seen developed by Marshall, the founder …
