." ) and Aristotle (384322 bc In an inclusive environment, visible minorities, indigenous, disability people are welcomed to participate just like everybody else. https://sustainability-jobs.org. Not only the knowledge is acquired and delivered differently, but the population of patients would also be different too. Receives a utility bill on July 2 totaling $4,560 for services received during June. Most online reference entries and articles do not have page numbers. The term of the loan was 270 days. The talent pool will be changing fast, and soon. The laws of nature. For whom to produce? 1. Who makes the decisions about WHAT goods to produce in North Korea? In the 1980s most of the worlds command economies began to embrace elements of the market system. You can specify conditions of storing and accessing cookies in your browser. In a market economy, the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. In the course of these activities, every society has to face scarcity of resources. Your employees from diverse groups will have a better awareness of others world views. This is because theyre more likely to consider multiple viewpoints and challenge assumptions, ultimately leading to more informed choices. In the late twentieth century the country that had transitioned most successfully from a command to a market economy was China. An example of this is the USA economy where the private sector (firms) is not controlled extensively by the government. How is it determined what goods and services will be produced? For example, although the United States identifies itself as a market economy, the government controls public education, the postal service, and a number of other enterprises that are integral to the functioning of the economy. In this case, there is no opportunity cost associated with consumption or production, and the good does not command a price. Some minority consumer groups also wield their influence proactively. Once they are made, the goods might be given out for free to the poor or sold at high prices that only the rich can afford. This can lead to more creative problem-solving, as well as increased innovation. With the above, it further translates the benefit to tangible ones: Having a diverse workplace allows organizations to more effectively market, better serve and communicate to consumer groups from different cultures, races and religious backgrounds, which in turn may lead to increased sales and profits and access to a more diverse market. The loss of the next best option represents the real sacrifice and is referred to as opportunity cost. How do societies decide who gets the goods they produce? why must societies decide FOR WHOM to produce? The state controls the societys capital (means of production) and decides how resources should be allocated (including what should be produced, how prices should be set, and how much people should be paid for their work). Here are some key reasons why diversity is important: Overall, diversity is important because it can lead to better outcomes in various aspects of life, fostering creativity, innovation, empathy, and social cohesion. For whom to produce? Just like how each person has their own interests, hobbies, and talents, people also have different backgrounds, cultures, and experiences. Question: Question 19 (1 point) d What are the three basic economic questions each society must answer? Similarly, land and other resources, which have been used to build a school could have been used to build a factory.
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