Principal of Microeconomic

In the second decade of the twenty-first century, companies all across the industrial landscape are seeking to achieve sustainability. Sustainability is a powerful metaphor but an elusive goal. It means much more than aligning oneself with environmental sensitivity, though that commitment itself tests higher in opinion polling of the latent preferences of American and European customers than any other response. Sustainability also implies renewability and longevity of business plans that are adaptable to changing circumstances without uprooting the organizational strategy. But what exactly should management pursue as a set of objectives to achieve this goal? Management response to pollution abatement illustrates one type of sustainability challenge. At the insistence of the Prime Minister of Canada during the Reagan Administration, the U.S. Congress wrote a bipartisan cap-and-trade bill to address smokestack emissions. Sulfur dioxide and nitrous oxide (SOX and NOX) emissions pre

Definition Mixed economic system can be defined as an economic system that combines both a free market system and the system of planned economy.   In other words, under the system of mixed economy, most goods and services will be solved using the price mechanism and partly solved by the government. Characteristics of mixed economy system. There are some features of this mixed economic system.   Among these are; a.   Users have the ownership on the factors of production. b.   Users make economic decisions on purpose to maximize satisfaction. c.   Operators for the purpose of making economic decisions to maximize profitability. d.   There is government intervention in the economy, namely in the form-impose taxes on consumers and producers.   -To provide subsidies to consumers and the manufacturers are involved in the supply of goods and services-Providing control over the private sector through legislation. Method of solving the economic base. In the mixed economic system, there are two