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12 Literary Compositions That Have Influenced The World
12 Literary Compositions That Have Influenced The World
In: Name Origins, Literary Devices and Figures of Speech [Edit categories]
Answer:
1. The Bible or the Sacred writings: This has become the basis of Christianity originating from Palestine and Greece
3. The Iliad and the Odyssey: These have been the source of Myths and Legends of Greece. They were written by Homer.
4. The Mahabharata: The Longest epic of the world. It contains the history of religion in India.
5. Cantebury: it depicts the religion and customs of English in early days. This originated from England and written by Chaucer.
6. Uncle Tom's Cabin: written by Harriet Beecher Stowe of US. This depicted the sad fate of slaves. This became the basis of
democracy.
7. The Divine Comedy: (A Dante of Italy). This shows the religion and customs of early Italians.
8. El' Cid Compeador: This shows the cultural characteristics of Spaniards and their national theory.
9. The Song of Roland: This includes the Doce Pares and Ronces Valles of France. It tells about the Golden Age of Christianity
in France.
10. The Book of the Dead: This includes the cult of Osiris and the Mythology and theology of Egypt.
11. The Book of the Days: This was written by Confucius of China. This became the basis of Christian Religion.
12. One thousand and One Night of the Arabian Nights: from Arabia and Persia(Iran). It shows the ways of government of
Economics is the social science that analyzes the production, distribution, andconsumption of goods and services. The
term economics comes from the Ancient Greekοἰκονομία (oikonomia, "management of a household, administration")
from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Political economy was the earlier
name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that
also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth.[2] Economics is
the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics
explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of
human interaction, studying it often reveals why people and governments behave in particular ways.
Division of Economics
1. Microeconomics — deals with the economic behavior of individual units such as the consumers, firms and the owners of the
factors of production. Such specific economic units constitute a very small segment of the whole economy. Their activities are
presented and discussed in details.
2. Macroeconomics — deals with the economic behavior of the whole economy or its aggregates such as government, business and
household. An aggregate is composed of individual units. The operations of the various aggregates and their interrelationships are
analyzed to provide a profile of the economy as a whole. Macroeconomics is concerned with the discussion of topics like gross
national product, level of employment, national income, general level of prices, total expenditures, etc.
A. WHAT to produce
Since we do not have enough resources, we have to decide what types and what quantities of goods are
to be produced.
B. How to produce
To economize the scarce resources, i.e. to produce the maximum output with a given amount of
resources, we have to decide what methode of production are to be employed.
Economic analysis- A systematic approach to determining the optimum use of scarce resources, involving comparison of two or
more alternatives in achieving a specific objective under the given assumptions and constraints.
Economic analysis takes into account the opportunity costs of resources employed and attempts to measure in monetary terms the
private and social costs and benefits of a project to the community or economy. The study of forces that determine the distribution of
scarce resources. Economic analysis provides insight into how markets operate, and offers methods for attempting to
predict future market behavior in response to events, trends, and cycles. Economic analysis is also used by governments to
determine tax rates and evaluate the financial health of the nation or state.
Methodology is the systematic, theoretical analysis of the methods applied to a field of study, or the theoretical analysis of the body
of methods and principles associated with a branch of knowledge. It, typically, encompasses concepts such as paradigm, theoretical
model, phases and quantitative or qualitative techniques.[1]
Microeconomics is vital, therefore, in establishing pricing for goods and services. For example, a micro-economical study
into how much consumersare willing to spend on apples will tell companies how to price their apples to get the largest
amount of profit for each apple without pricing the apple so highly that consumers are put off by the
price. Microeconomics should not be restricted to monetary value either as an analysis on the spending of time or
resource could also be described as economics. This is because theallocation of resources to a particular subject would
say a lot about the priorities of a consumer or company.
Microeconomics is used to analyze the success or failure of specific markets as its analysis could show the reasons for
spending patterns. To characterize microeconomics it would therefore be correct to state thatmicroeconomics is, by
definition, analytical as it is the analysis of spending. It could also be characterized or described as the study
of behavior as it looks at the patterns and behaviors of households and companies and the process by which they make
decisions.
Stochastic models are formulated using stochastic processes. They model economically observable values over time. Most
ofeconometrics is based on statistics to formulate and test hypotheses about these processes or estimate parameters for
them. A widely used bargaining class of simple econometric models popularized by Tinbergen and
later Wold are autoregressive models, in which the stochastic process satisfies some relation between current and past values.
Examples of these are autoregressive moving average models and related ones such as autoregressive conditional
heteroskedasticity (ARCH) and GARCH models for the modelling of heteroskedasticity.
Non-stochastic models may be purely qualitative (for example, models involved in some aspect economics is undoubtedly
of social choice theory) or quantitative (involving rationalization of financial variables, for example with hyperbolic coordinates,
and/or specific forms of functional relationships between variables). In some cases economic predictions in a coincidence of a
model merely assert the direction of movement of economic variables, and so the functional relationships are used only stoical
in a qualitative sense: for example, if the price of an item increases, then the demand for that item will decrease. For such
models, economists often use two-dimensional graphs instead of functions.
Qualitative models – Although almost all economic models involve some form of mathematical or quantitative analysis,
qualitative models are occasionally used. One example is qualitative scenario planning in which possible future numbered
events are played out. Another example is non-numerical decision tree analysis. Qualitative models often suffer from lack of
precision.