Three Perspectives on a Current Issue from the Three Paradigms Being Research Paper

Three Perspectives on a Current Issue from the Three Paradigms Being Covered in Class - Research Paper Example Rent paid by entrepreneurs basically constitutes the land resource, which is used to produce other economic goods and services. Human resource is an active factor of production, which constitutes human labor as a service provision for the production of goods and services that is paid through wages and salaries. Man-made goods that are used for further production of goods and services are referred to as capital goods and include buildings and machinery that are paid as interests. Land, labor, and capital are exploited for production of goods and services in the economy to constitute the national income. Factors of production that can be shifted are capital and labor while land cannot be shifted, since it is a limited factor of production. Labor organizes capital for production although entrepreneurs must maintain an effective ratio of capital goods and labor with a production firm. The decision-making process needs to put into consideration that excess labor per unit of capital and vi ce versa may lead to losses due to inefficiency. Therefore, labor and Capital must be applied in effective ratios for realization of the highest possible economic value (Sagar 50). Organization of Factors of Production Enterprises should be organized by combining labor, land, and capital effectively through a business plan so as to start and run the business. Organization of factors of production does not only constitute planning and running a business, but also absorbing loss for continued production. Enterprise organization as Production process is complex and essential, since there exists small situations in and outside a country that influence organization, thus the necessity of proper planning and operation of an enterprises. Land, as a factor of production, is controlled by land owners, while capital goods are controlled by capitalist and labor as a human resource with respect to occupation skills and salaries. These factors of production are scattered within the economy and t hus the need for organization of these factors of production. Social Institutions The economic interactions of technology, capital goods and social institutions contribute significantly to economic growth through effective production. Social, political, economic and legal institutions in a country affect the economic growth both positively and negatively. Normally, countries seek to redesign their social, political and legal institutions to alter their impact for the improvement of the economy. Institutions that are known to be beneficial in contribution to economic growth should lead to importation of the institutional structures of another country that has benefited from economic growth. Examples of countries that have imported institutional countries include Dubai, which imported London’s commercial law that helps the government in city regulations. However, in many countries, the complete overhaul of institutional structure may not be possible due to political and social disagreements. Political, legal and social institutions go beyond the aspects of basic institutional entities such as the judiciary and parliament.

Comprehensive Doctoral Review Examination Question #1 Theory with the Term Paper

Comprehensive Doctoral Review Examination Question #1 Theory with the concept (when contractors preform inherently governmental functions it puts the U.S. Government at risk) - Term Paper Example Additionally, the research conducted on the based on the different available evidences enhances the relevance of the research and further develops their acceptability. Similarly, the different theories that are available in the specific fields enhance the approach towards the present research question (Houser & Oman, 2011). In this regards the issue related with the inherent operations of the management that puts the governmental functioning at risk. The performances of the contractors are majorly involved with the performances of the government as the performances of the individual contractors affect the overall performances of the federal government. Several technical complexities affect the different operational motives of the government and hinder the ability of the government to perform effectively. Furthermore, the contractors performs the functions that are intimately related with public interest hence if the contractors fails to meet with the different needs of the public it is most likely to affect the overall government functions. With this regard, the paper elaborates on the functioning of the contractors that in turn puts the government operations at risk. Theories have been authentic evidences that support the research and enhance the relevance of the same. The different theories that are available in the specific fields provide a guideline for conducting the research and enhance the acceptability of the study. The word theory has a several number of meanings and is interpreted by the different theorist in several manners. Furthermore, the different theorists have elaborated on the different concepts that are appropriate for the different situations and different problems. The following sections project the different concepts that are most important for developing a generalisabilty of the research and develop the relevance of the