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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1094 |
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Bleyer
o "To have a little structure & to see people doing work." ?Mr. Bono
Principle 3: Rational People Think at the Margin (marginal changes ?small incremental adjustments to a plan of action; marginal benefits versus marginal costs) ?WALA AKONG MAI-RELATE / ISIP DITO?.
Principle 4: People Respond to Incentives
o Reduced travel time and costs
o Less disruption to family life Reduces the need for relocation to take up "career moves" and other job changes...
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Both teleworkers and their managers consistently report significant productivity gains.
Principle 6: Markets are usually a good way to organize economic activity (market economy -central planners are replaced by the decisions of millions of firms & households)
o Resilience Organisations with effective teleworking programmes are more resilient in the face of external disruption - for example transport strikes, severe weather, natural disasters or terrorist action...
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General points of the essay
Marginal Deterrence is one of the most important messages from the economics of crime. Explain the role of marginal deterrence and its practical applicability
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