Another difference is Medicare is a federal program and Medicaid is and state and federal program. Medicaid is based on their needs and also there social welfare. The bills are paid by tax funds, federal and the state. Due to Medicaid being run by the government the eligibility might vary on what state you live in. Medicaid covers a broader spectrum of services other than Medicare does not.
Abstract The Wilkerson Company started facing declination in profits due to the price cutting on their pumps. On the contrary, while the price pumps were decreasing to record numbers, the flow controllers, which controlled the rate and direction flow of chemicals, could increase its prices without significant loss or any competitive response. Wilkerson, his controller, and manufacturing manager developed an activity-based cost model (ABC) to better comprehend the various demands that each product line makes on the organization 's indirect and support resources. Exhibit 1 showed us our operating results, Exhibit 2 showed us our product profitability analysis, Exhibit 3 displayed our product data, and Exhibit 4 was a compilation of the monthly
The sales budget is responsible in reflecting the real estimation of sales of the services in the present financial year. The main expectation of the sales budget is the estimation of sales expenses and also the services and products that must be produced in the year of budget and also revenue which can be obtained by the selling of these products and
Deficit spending, if used properly, helps the government to stimulate and helps the economy rebound from a recession. With the government assistance, unemployment is kept to its lowest possible rate and slowly encourage the consumers to buy goods and services by regulating interest rates. The upside of the short and long terms goals are more advantageous to the disadvantages of deficit spending. References Amadeo, K. (2016, December 22). Deficit Spending Is Out of Control.
In the more developed regions of the world such as the United States, the United Nations and some of the Asian Countries, the form of economy there is Capitalism. Capitalism allows business owners to expand as much as they like since businesses are privately owned and the government have little to no influence on them. To the rich, capitalism is great, it allows them to be as rich as they want, but to the poor, capitalism only makes them poorer, it creates a disparity in social class system, and the varying changes in employment rate as a result of monopolization. Capitalism, due to monopolization makes the poor stay poor. To elaborate: a monopoly is when a person or a group owns the majority of the supply for the public.
Socialism: The Cure for Capitalism Martin Luther King Jr. once said “Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level”. With almost half of all the national wealth belonging to the top one percent of the American people, this statement is undeniably applicable to modern society. Capitalism is favorable only to the wealthiest of the wealthy. Which means that the social classes that circulate the most money, the lower and middle class, do not make anywhere near enough to stroke the economy into a stronger state.
The model assumes that a developing economy has a surplus of unproductive labor in the agriculture sector. These workers are moved to the growing manufacturing sector where the wages are 30% higher. It is also assumed that the wage in the manufacturing sector is fixed. The entrepreneurs in the manufacturing sector will make a profit because they don’t have to give a large portion of profit to pay the wages of the labor. The model then assumes that these profits will be reinvested in the business in the form of more fixed capital.
The types of capitalism are as follows: 1. Turbo Capitalism, which refers to a free form of capitalism with no regulation for banking and financial systems, privatisation and lower taxes on individuals that earn a higher income. this led to a rising gap of income inequality and also played a key role in the unsustainable credit bubble of 2001-2007 thus it is referred to as unrestrained capitalism or free market capitalism 2. Responsible Capitalism is, broadly speaking a free market economy, however a level of government regulation
1.0 Introduction Economic system is the basic arrangements made by societies of the respective country to solve its economic problems. Basically there are three types of economic systems which are the command economic system, the market economic system and the mixed economic system. Each economy system comes with its own strengths and weaknesses (Sloman and Garratt, 2009). According to Investopedia, (2010) a command economic system is where the country’s government plans and controls all aspects of the economic production. The government determines what goods to produce, how to produce, at what price and also how to distribute goods and services within the economy system.
George Yip provides a framework to analyze the “globalization drivers” that are most likely to influence a company’s decisions to expend its business internationally. The four drivers of internationalization that he identified are: market drivers, cost drivers, government drivers and competitive drivers. Market drivers According to the annual report 2001 of Delhaize, the company’s desire was to strengthen its position as an international player in the food distribution sector.