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Search results for keyword: equality
Six Laws of Change
The Six Changes Policy The Six Changes Policy refers to the series of economic related reforms initiated in China in 1965 by the Chinese Government, headed by Mao Zedong. The policy was intended to quickly raise economic output and maintain economic stability, particularly during the economic d......
tags: policy economic china process six sigma
1047
Hannah
nominal group law
Introduction For many years, the concept of nominal group” has been an integral part of the decision-making process. In its simplest form, it involves several people gathered together in a room to discuss a given topic or issue and to come up with potential solutions. This methodology, while p......
tags: nominal group social group each technique
1052
Sophia
Marx's Wage Determination Theory
The Wage Determination Theory of Karl Marx Karl Marx’s wage-determination theory is one of the key components of his socio-economic philosophy which he argued defined the class structure of society. This theory effectively looks at the relationship between the employer and employee, and the ineq......
tags: labour power value wages wage determined
1052
Evelyn
Matthew effect
The Matthew Effect The Matthew Effect takes its name from a passage in the Bible (Matthew 25:29), in which Jesus tells a parable about a master who rewards the laborers according to their abilities. “For everyone who has will be given more, and he will have an abundance. But from the one who has......
tags: those have matthew matthew effect can
1038
Sophie
elite theory
The Elite Theory In political studies, elite theory is a theory of the state that seeks to describe and explain the power relationships in contemporary society. It focuses on the organizational structure of power and the relationship between the governing class, or elite, and civil society. Elite......
tags: elite theory power theory power elitism
1030
Sophie
internal labor market theory
The Labor Market Theory Abstract: This article provides an overview of the labor market theory, including the impact of labor markets on economic growth and job creation, wages and working conditions, economic inequality, and social welfare policies. This article also discusses the challenges fa......
tags: labor market economic labour can ilm
1038
Sophie
legitimation effect
The Legitimacy Effect The concept of the legitimacy effect, or legal effect, rests on the importance of the perception of law and its protection of rights, interests, and basic societal values. Therefore, for many countries, the force of law and the legitimacy of the enforcement of law on its pop......
tags: legitimacy effect laws legitimacy can effect
1091
Sophia
currency effect
Introduction The money effect is defined as the influence of money on a countrys economic growth, or it can be defined as the influence of money supply and demand on prices, income and employment in an economy. The money effect can be broadly broken down into two distinct categories, the interest......
tags: effect money wealth money economic effect
1060
Sophie
Pareto Law
Pareto Principle The Pareto principle, also known as the “80/20 rule”, is a tool used to identify events that are distributed imbalancedly, whereby the majority of a certain result is determined by a relatively small portion of the causes. The principle, named after Vilfredo Pareto, an Italian ......
multinational
Introduction In an ever-changing global business environment, multinational corporations are increasingly reaching across international borders to create new opportunities and innovate. The rise of the multinational corporation stems from improvements in global trade and increased access to new m......
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