Endogenous And Exogenous Growth Theories.

Endogenous and exogenous growth theories Comparison between Endogenous and exogenous theories Neoclassical perspective and Exogenous Economic theory The exogenous economic theory is a neoclassical perspective of the well renowned economist Robert Solow. The exogenous theory makes the assumption that economic growth primarily depends upon the external factors such as political turmoil or stability, natural disasters, technological advancements and international market equilibrium. According to exogenous theory, if all external factors are made static, for example if no technology developments add up to the system of an organization or a state, the economic growth will cease after touching a particular tipping point. This school of thought believes that Organizational policies, systematically improved infrastructure and other internal factors play no role in enhancing capitals and economic performances. External factors greatly impact the equilibrium factor between demand and supply upon which basic ideology of economic growth put rest [Exogenous Growth (2014)]. Classical perspective and Endogenous Economic theory In contrast with the neoclassical beliefs in economics, most famous and relevant classical theory of economic growth is endogenous economic growth theory. Endogenous theory believes in internal factors such as investments and brain stormed organizational policies to be the prime contribution in economic expansion of the state or any other organization. One argument that supports this ideology is that how developed countries enhanced their industry and capital from their resourceful planning from within the state rather influencing from the outer external factors. The same countries that were not developed well industry wise seem to be doing just fine with the passage of time formulating internal policies and infrastructure. Technology can be a dynamic variable and it changes with flow of policies and long term planning of development and so the economic growth can be independent of it [Philippe Narassiguin (2013)]. Impacts of Government Policies on long run...

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Gae Well First Of All I Don’t Have A Smart Phone Because Right Now I Really Can’t Afford One.

Well first of all I don’t have a smart phone because right now I really can’t afford one. But I do have a regular cell phone and I am able to connect to the Internet if I want to. As far as the mobile applications I am able to use are music applications and there are thousands of them. People can use them on their mobile devices like an IPod or Android phones. Technology is changing our lives every day as it keeps maturing. Many music fans are able to download music from You Tube and Pandora to their mobile devices. Then from there they are able to listen to it as much as they want from their tablets and cell phones. Music lovers are excited on how much music they are able to download to their smart phones and tablets. Because they discover the way music applications lets them listen to all kinds of music that fits their taste. It also gives them access to a variety of radio stations out there. There is also TV applications that people are able to use and watch their favorite TV shows from their tablet or smart phone. Many cable, satellite, TV providers along with broadcast and cable networks, now let you watch TV shows, movies, sports like MLB baseball, and even more on mobile devices. Dish network and Time Warner Cable gives customers access to hundreds of channels anytime anywhere through their mobile devices. Of course they have to subscribe to a monthly plan because nothing is free in this world. But other than that they have the comfort to watch TV from their tablets or smart phones. Mobile bank applications are also out there for people who have a bank account including myself. I currently bank with Bank of America...

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Business Philosophy Paper.

1. Why do you buy the products that you buy? Does the desire to satisfy basic necessary needs such as shelter, hunger, and thirst account for the majority of the products that you purchase? Do you ever purchase any products that are not strictly necessary? (E.g., Are your choices of clothing merely a matter of having something to wear—or do they express a desire to “look good,” to “feel good,” to “fit in,” and so on?). Give examples that help to support your answer. Many products are so essential to our lives today so there are many reasons on why we buy products. Some examples are people desire to eat because they are hungry. But to most people they prefer to eat at a fast food restaurant because they are too lazy to cook or they just want to have a hamburger somewhere instead of eating a sandwich at home. I have a desire to go on an expensive vacation let’s say to Hawaii and many people who can afford it will pay it because either they want to get away or they just feel they earned it because they work hard all year around. To some people they may feel that paying for an expensive vacation may not be worth it at all and prefer to not spend and just stay at home with their family members. Of course people have to meet their shelter needs, hunger, and thirst or how can people stay alive is the question? But some people also don’t want to eat healthy items buy staying healthy instead of eating some much meat they can eat fish to live longer. As eating too much fast food can lead to many health problems like obesity and diabetes. I like to buy fruits and vegetables instead of just...

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Bertrand Russell (philosopher, Historian, Social Critic).

Select two individuals who are famous for their creative ideas (one from each column). • Bertrand Russell (philosopher, historian, social critic) • Peter Singer (moral philosopher, animal rights/liberation theory   Information about each of the thinker’s unique contributions to society The problems or issues that their ideas sought to solve A description of the solutions and how his or her ideas were implemented Each thinker’s personal/ social/ political environments and how you think these factors contributed to their creativity The creative process of each thinker, including any obstacles they faced, and a comparison of the creative processes underlying each individual’s work A critique of their ideas: could they have done anything differently? How did their work fit into the existing framework of understanding in their field, and how did it advance further understanding of the field? Bertrand Russell (philosopher, Historian, Social Critic)...

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Assume You Are Opening A Bed Bath & Beyond Store.

  ACC 205 Week 3 Assignment Decision Case 1 ACC205: Principles of Accounting 1     Week 3: Assignment: Decision Case 1 Chapter 6, page 344, Decision Case 1: Assume you are opening a Bed Bath & Beyond store.  To Finance the business, you need a $500,000 loan, and your banker requires a set of forecasted financial statements.  Assume you are preparing the statements and must make some decisions about how to do the accounting for the business.  Answer the following questions (refer back to Chapter 5 if necessary). 1:  Which type of inventory system will you use?  Give your reason. (p. 255). There are two main inventory systems, perpetual and periodic.  I would use the perpetual inventory system if I were starting a new business.  My reason for this choice is that in a perpetual inventory system the system will keep a running record of inventory and the cost of goods sold.  Creating a system that has better control over the inventory totals.  I will have at my finger tips the number of units purchased, units sold, and the quantity of inventory on hand (Horngren & Harrison, 2007, p. 256). 2:  Show how to compute net purchases and net sales.  How will you treat the cost of transportation?  (pp. 260-263). Net purchases would be recorded as follows when purchased on account:  a debit to inventory and a credit to accounts payable.  A net purchase is when the business buys merchandise from another company for resale.  When this is done you are increasing your inventory and increasing your accounts payable.  Now if you are purchasing merchandise with cash, paying up front at the time of purchase, then you would debit inventory, to increase your inventory, and credit cash, decreasing your asset (cash balance) (Horngren & Harrison, 2007, pp. 257, 258)....

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