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Showing posts from July, 2012

Dolphy's Passing

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"The Comedy King" passed away, Tuesday night (July 10,2012) after a long bout with Chronic Obstructive Pulmonary Disease.  This Icon of Happiness, had finally took his rest of making the Filipino's laugh. The Comedy King served as a reminder of every Filipino that in every pain, problems and struggles we have, there is always a room for us to smile and laugh. He is also an example of rugs to riches story, that before he got his shining spot in the Showbiz industry, he firstly gone through toilsome experiences, that made him an ideal person that could serve as an inspiration to every Filipino. His demise will be a loss in the showbiz industry, yet His legacy will always stay in every heart of Filipinos. He will leave to us his illustration of happiness, through his out burst of pent-up laughter, his experiences, and his stories that could touch and inspire every man's heart. I am one of those Filipino's who believes that he deserves to be a na

The Law of Demand and Supply

ECONOMICS The Law of Supply and Demand Brief History: The law of supply and demand was formulated by the famous British Economist Alfred Marshall, a striking example of how thought evolves in human science. From then on the frustration and urge to explain the phenomenon and of prices began. Price as a Ratio The labor theory, says, that prices depended on the relative amounts of labor expended on their production. According to the labor theory of value, price is nothing else but the ratio between units of the various commodities in exchange. And the advantage of this theory is that it highlights the essence of any price. Cost Production Theory the cost production theory of price is essentially the theory underpinning the mark-up methods of pricing followed by most retailers. Because it has appeals of simplicity. But What about the Utility? Prices have more to do with the satisfaction derived by the buyers from consuming the products that they purchase. Utilit