Economics and Emerging Markets Essays - Economic Systems

Abstract Assignment Chapter 4: Economics and Emerging Markets A centrally planned economy can be described as an economy where all the resources are in control of the government and the government is controlling all the economic activities. The purpose behind a central economic system is to spread equality among all the individuals and make the government responsible for providing basic necessities to the individuals. During time, it was proven that this systems had many flaws and the main flaws were wastage of scarce resources due to lack of product quality and ignoring the buyers demand; ignoring innovation, economic development and poor living standards; less popular in comparison with other economic systems; and the consumers got tired of all the empty promises made by the system in context of providing adequate food, housing and healthcare. The mixed economic system is a mixture of central and private economic systems as the economic resources are shared between public and government, however the government holds control of certain sectors which are important for national security and long term stability. All over the world, most of the countries which were following mixed economy system are now reverting to privatization due to the efficiency and innovational benefits it yields. The mixed economic system follows the functions of supply and demand, along with option of free choice to the buyers and sellers, mixed economy also offers the individuals satisfaction and reward for their efforts. In mixed economy the government plays the role of a moderator enforcing antitrust laws, preserving property rights, using fiscal and monetary policies when deemed necessary, and providing political stability for economic growth. The economist have developed different measure for judging the rate of economic development of a country and usually the development of a country is measured in comparison of another country. The measures used are Gross National product, Gross Domestic Product, Purchasing Power Parity and Human Development Index. The nation goes through the process of economic transition to change the fundamental economic organization to create free market institutions by having macroeconomic stabilization; freeing the economic activity from controlling forces; legalization of private sector and privatization of government owned organizations; removing the barriers on free trade, investment and currency flows; and development of a social welfare system. The businesses in central economic system face challenges like poor management; shortage of capital for economic development, difference in business culture; and the degradation of health conditions which leads to lack of motivation.

Compounds Based on Port

Compounds Based on Port Compounds Based on Port Compounds Based on Port By Mark Nichol This post lists and defines compound words in which the second element is the word port, derived from the Latin word portare, meaning â€Å"carry.† Airport, carport, heliport, and seaport refer to locations where the vehicles and vessels implied by the respective prefixes embark and return (and remain between uses). To apport (literally, â€Å"carry to†) is to move or produce something through supernatural means, and an apport is something so moved. To comport (â€Å"carry with†) is to agree or to behave. (As with most but not all words featuring a prefix attached to port, the noun is formed by appending -ation.) Deport (â€Å"carry away†) usually refers to expelling a person to his or her home country. Disport has the same literal meaning but generally refers to amusement or diversion. Sport is a truncation of disport that usually refers to athletic activities (originally engaged in for amusement as a respite from one’s routine). Sport can mean â€Å"engage in sport,† but as a verb it more often takes the place of wear in an emphatic sense (as in â€Å"He sported a new tie†), though it is also a synonym for jest or ridicule. As a noun, sport refers to an athletic activity, and the plural form denotes several or all such activities collectively. Sport has also been used as a friendly term for directly addressing a boy (as in the greeting â€Å"Hey, sport!†). The adjectives sporting, sportive, and sporty have distinct connotations: Sporting means â€Å"suitable for sport,† usually in the context of hunting dogs, or may refer to gambling or to risk; in a scientific context, it means â€Å"tending to mutate freely.† (The adverbial form is sportingly.) Sportive refers to sporting events, usually those conducted on a field, but it may also have a connotation of â€Å"playful† or â€Å"wanton.† (The noun form is sportiveness, and sportively is the adverbial form.) Sporty pertains to sports or people or things associated with them (or to sports cars, so named because their design and performance are inspired by race cars). Sportiness is the noun associated with this term, and the adverbial form is sportily. Export (â€Å"carry out†) and import (â€Å"carry in†) refer, as verbs, nouns, and adjectives, to goods brought into or send out from a country for sale elsewhere; in the context of computers, the terms denote movement of a file from one program to another. Passport, the word for a document that authorizes travel to one country from another, derived from the notion of being able to pass, or gain entry to, a port when traveling by ship. By extension, it also pertains to permission to go somewhere or something that enables someone to achieve acceptance or entrance. To purport (â€Å"thoroughly carry†) is to claim, or to have the appearance of something, whether valid or not; the word can also be a synonym of intend or purpose. As a noun, purport refers to the gist or substance of something or to an implicit or explicit meaning. Rapport (â€Å"carry back†) is a deep, understanding relationship between two people. Borrowed from French, in English it originally had the same meaning as report (â€Å"carry back†), which means â€Å"make a recorded, spoken, or written statement or summary† or â€Å"present an account or announcement†; a report is such a message. A reporter is a journalist who covers news (the act of reporting is also called reportage), and a court reporter records proceedings in hearings and trials. To report for duty is to show up at a designated place and time to carry out a responsibility, usually in the context of military service. To support (â€Å"carry under†) is to help with emotional, financial, physical, or verbal assistance, to advocate or corroborate, or to hold up a structure. Support is also a noun describing such assistance (supportance and supportation are two obsolete variations), and a supporter is a person or thing that provides it. Transport (â€Å"carry across†) means â€Å"convey from one place to another,† though it also has the aesthetic connotation of feeling rapturous emotion, and historically it refers to sending someone to an overseas penal colony as punishment. Someone who transports is a transporter. (The term has also been used in the Star Trek franchise to refer to a device that dematerializes and rematerializes matter to move it from one place to another.) Transport is also a noun pertaining to a vehicle or vessel that carries people and/or things, a rush of pleasurable emotion, or a convict sent to a penal colony. The act of moving people or things, or a mode of doing so, is transport or transportation, and the quality of being able to be moved is transportability; something that can be moved is transportable. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:The Yiddish Handbook: 40 Words You Should KnowHow Long Should a Paragraph Be?Affect vs. Effect