The Four Types of Economic Systems
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Malaysia New Economic Model
The document outlines a new economic model for Malaysia to transform the country into a developed nation by 2020. It discusses Malaysia's current economic position and challenges, including mediocre growth, low private investment, and exports that generate low value-added. The goals of the new model are for Malaysia to achieve high-income status with quality of life through inclusive and sustainable growth. The model will require bold policy reforms and strategic initiatives to reshape incentives and drive the country towards its objectives.
Economic Model
Economic models are used to predict and explain economic behavior through simplifications of reality using diagrams, words or equations. There are different types of economic models including physical models using visual representations, analog models where one system represents another, and symbolic or mathematical models expressing relationships through equations. Symbolic models can be quantitative using statistics, allocation models optimizing objectives, scheduling models determining sequences, waiting line models for customer arrival, or simulation models using random or historical numbers. Economic models are judged on their predictive accuracy though based on assumptions that abstract reality.
Malaysian new economic model
The document summarizes Malaysia's New Economic Model (NEM) framework, which was introduced in 2010 to transform Malaysia's economy from being dependent on agriculture and commodities to a knowledge-based, high-income economy as outlined in Vision 2020. The NEM has four pillars including the Economic Transformation Programme focused on 12 national key economic areas. It aims to double per capita income by 2020 and create an inclusive, sustainable economy led by the private sector and supported by public sector infrastructure and policies.
New economic model
The document outlines the New Economic Model (NEM) introduced in Malaysia in 2010. The NEM has two parts and was introduced to transform Malaysia's economy into one with high income and quality growth by 2020. The goals of the NEM are for Malaysia to become a developed, competitive economy where citizens enjoy high quality of life and income through inclusive and sustainable growth. The private sector is meant to be the main driver of economic growth through innovation, while the public sector provides the regulatory framework. Data on inequality and poverty rates show that these have decreased in Malaysia since the introduction of the NEM, suggesting its goals of inclusive growth are being achieved.
Economy type and characteristics
This document discusses different types of economic systems. It defines a traditional economy as one based on customs and traditions where resources are owned by a sovereign. A market economy is based on individual choices where private firms produce for profit. A centrally planned economy gives the government control over production and distribution. A mixed economy incorporates aspects of market and planned systems, with both government and private sectors.
Economic goals
This document outlines and compares three main economic systems - market, command, and tradition - across seven economic goals: economic freedom, economic efficiency, economic equity, economic security, full employment, price stability, and economic growth. It notes that no country has a pure system and that governments must intervene to correct faults in a purely capitalistic market system. Students are then assigned to analyze how changes in one economic goal would affect other goals and to identify the two most important goals for them and which system best accomplishes those goals.
Economic goals
The document outlines six main economic goals: economic freedom, economic equity, economic efficiency, economic security, economic stability, and economic growth. It provides definitions and examples for each goal. Economic freedom involves individual choice in work and spending. Economic equity centers on fairness and redistribution. Economic efficiency means fulfilling needs with minimal waste. Economic security protects against risks like illness. Economic stability aims for sustained growth without large fluctuations. Economic growth is a sustained rise in production, as measured by GDP, which improves standards of living.
New economic policy
The document summarizes Malaysia's development plans from 1971 to 2000. The New Economic Policy (NEP) from 1971-1990 aimed to eliminate poverty and restructure society to address racial imbalances through equitable growth and government participation in the economy. The National Development Policy (NDP) from 1991-2000 continued the NEP's goals with a focus on balanced development, human capital formation, and greater private sector involvement. Both plans achieved increased GDP, reduced poverty, and greater Bumiputera participation in the economy.
Recommended
Malaysia New Economic Model
The document outlines a new economic model for Malaysia to transform the country into a developed nation by 2020. It discusses Malaysia's current economic position and challenges, including mediocre growth, low private investment, and exports that generate low value-added. The goals of the new model are for Malaysia to achieve high-income status with quality of life through inclusive and sustainable growth. The model will require bold policy reforms and strategic initiatives to reshape incentives and drive the country towards its objectives.
Economic Model
Economic models are used to predict and explain economic behavior through simplifications of reality using diagrams, words or equations. There are different types of economic models including physical models using visual representations, analog models where one system represents another, and symbolic or mathematical models expressing relationships through equations. Symbolic models can be quantitative using statistics, allocation models optimizing objectives, scheduling models determining sequences, waiting line models for customer arrival, or simulation models using random or historical numbers. Economic models are judged on their predictive accuracy though based on assumptions that abstract reality.
Malaysian new economic model
The document summarizes Malaysia's New Economic Model (NEM) framework, which was introduced in 2010 to transform Malaysia's economy from being dependent on agriculture and commodities to a knowledge-based, high-income economy as outlined in Vision 2020. The NEM has four pillars including the Economic Transformation Programme focused on 12 national key economic areas. It aims to double per capita income by 2020 and create an inclusive, sustainable economy led by the private sector and supported by public sector infrastructure and policies.
New economic model
The document outlines the New Economic Model (NEM) introduced in Malaysia in 2010. The NEM has two parts and was introduced to transform Malaysia's economy into one with high income and quality growth by 2020. The goals of the NEM are for Malaysia to become a developed, competitive economy where citizens enjoy high quality of life and income through inclusive and sustainable growth. The private sector is meant to be the main driver of economic growth through innovation, while the public sector provides the regulatory framework. Data on inequality and poverty rates show that these have decreased in Malaysia since the introduction of the NEM, suggesting its goals of inclusive growth are being achieved.
Economy type and characteristics
This document discusses different types of economic systems. It defines a traditional economy as one based on customs and traditions where resources are owned by a sovereign. A market economy is based on individual choices where private firms produce for profit. A centrally planned economy gives the government control over production and distribution. A mixed economy incorporates aspects of market and planned systems, with both government and private sectors.
Economic goals
This document outlines and compares three main economic systems - market, command, and tradition - across seven economic goals: economic freedom, economic efficiency, economic equity, economic security, full employment, price stability, and economic growth. It notes that no country has a pure system and that governments must intervene to correct faults in a purely capitalistic market system. Students are then assigned to analyze how changes in one economic goal would affect other goals and to identify the two most important goals for them and which system best accomplishes those goals.
Economic goals
The document outlines six main economic goals: economic freedom, economic equity, economic efficiency, economic security, economic stability, and economic growth. It provides definitions and examples for each goal. Economic freedom involves individual choice in work and spending. Economic equity centers on fairness and redistribution. Economic efficiency means fulfilling needs with minimal waste. Economic security protects against risks like illness. Economic stability aims for sustained growth without large fluctuations. Economic growth is a sustained rise in production, as measured by GDP, which improves standards of living.
New economic policy
The document summarizes Malaysia's development plans from 1971 to 2000. The New Economic Policy (NEP) from 1971-1990 aimed to eliminate poverty and restructure society to address racial imbalances through equitable growth and government participation in the economy. The National Development Policy (NDP) from 1991-2000 continued the NEP's goals with a focus on balanced development, human capital formation, and greater private sector involvement. Both plans achieved increased GDP, reduced poverty, and greater Bumiputera participation in the economy.
American revolution
The American Revolution began with protests against British taxes and control over the colonies. The First Continental Congress organized resistance efforts through economic boycotts. Armed conflict broke out at Lexington and Concord in 1775, starting the war. Key battles like Bunker Hill showed the colonists could stand up to the British. The Declaration of Independence was adopted in 1776. Though the British had more resources, the colonists prevailed through resilience and the entry of France as an ally in 1778. The war ended with the British surrender at Yorktown in 1781 and recognition of American independence in the 1783 Treaty of Paris.
What do stock indexes show?
Stock market performance can indicate the overall health of an economy. When stock values are rising collectively, it is considered a bull market, while falling stock values represent a bear market. Common stock indexes like the Dow Jones Industrial Average and S&P 500 track the performance of large groups of companies to gauge national economic trends.
Other Financial Assets
Other financial assets include stocks, money market mutual funds, and certificates of deposit. Stocks represent ownership in a company, money market mutual funds invest in short-term assets but are not FDIC insured, and certificates of deposit are bank deposits for a fixed time period at a higher interest rate. Financial assets are traded on capital markets, which involve assets that mature in over a year, or money markets, which involve assets that mature in under a year. They can also be traded on primary markets, where only the original holder can redeem the asset, or secondary markets, where the asset can be resold.
Bonds Defined and Catagorized
Bonds are loans given to governments or corporations. They have a par value (principal/face value), a maturity date when the principal will be repaid, and a coupon rate that is the interest paid annually. Bonds are rated based on risk from AAA (safest) to D (riskiest), with higher ratings receiving lower interest rates due to lower risk. Bonds can be resold before maturity, sometimes at a discount if interest rates have changed. Bonds benefit issuers by providing guaranteed interest payments and not imparting ownership, but also legally obligate coupon and principal payments regardless of economic conditions. Main types of bonds include savings bonds, corporate bonds, municipal bonds, treasury bonds, and high yield "
Investing and the Financial System
The financial system allows savers to provide money to borrowers through financial institutions like banks. Savers deposit money in savings accounts or invest in assets, and banks use this money to issue loans to businesses and individuals. Borrowers use the loans to make purchases or investments and pay interest to the bank. The bank then shares some of its profits with savers in the form of interest to incentivize saving. When making financial decisions, savers must consider the tradeoff between return, liquidity, and risk - higher potential returns generally come with higher risks.
Forms and Functions of Modern Banking
The document discusses modern banking, including measuring the money supply, functions of financial institutions, and e-banking. It defines the M1 and M2 money supplies and explains the functions of storing money, saving money, loans, mortgages, and credit cards. It also discusses interest, the role of banks in earning profits, and modern electronic banking methods like ATMs, debit cards, online banking, automatic bill pay, and stored value cards.
Uses and Characteristics of Money
Money serves three main purposes: as a medium of exchange to facilitate trade beyond bartering, as a unit of account to compare the values of different goods and services, and as a store of value to maintain purchasing power over time. To be considered money, an item must have six key characteristics - it must be durable, portable, divisible, uniform, have a limited supply, and be widely acceptable for transactions.
Wages and Skill Level
Wages are determined by the laws of supply and demand in the labor market. The demand for workers and their wages is set by the competition between companies needing employees, while the supply of workers depends on the number willing to work a given job for the offered compensation. A key factor in wages is the skill level required - jobs are categorized as unskilled, semi-skilled, skilled, or professional labor depending on the specialized skills and training needed, and typically require higher compensation as skill levels increase.
Other Business Structures
There are many business structures beyond sole proprietorships, partnerships, and corporations. These "other" structures include franchises, cooperatives, and nonprofits. Franchises allow semi-independent businesses to use a parent company's brands in exchange for royalty fees. Cooperatives are businesses composed of individuals working together for shared benefits like lower costs. Nonprofits fulfill specific goals rather than seeking profits, such as advocacy, professional development, or protecting worker rights and benefits.
Multinationals and Conglomerates
There are three main types of corporate expansions discussed in the document: mergers, multinationals, and conglomerates. Mergers can be horizontal between competitors, vertical between different production stages, or form conglomerates between unrelated businesses. Conglomerates allow businesses to diversify across industries to increase profits and reduce risks. Multinationals are the world's largest corporations that operate across multiple countries, facilitating technology spread but also wielding large influence that can enable corruption.
Corporations Defined
Corporations are business structures owned by shareholders with limited liability. Shareholders own stock that represents fractional ownership of the corporation. Corporations can be closely-held, with few shareholders, or publicly-held, with thousands of shareholders trading stock frequently. A board of directors elected by shareholders makes major decisions and hires executive leaders to run daily operations. Corporations offer advantages like limited liability, transferable ownership, and access to resources for shareholders and specialization of roles and bond issuance for the business. However, corporations also face disadvantages such as difficult creation processes, extensive regulations and taxation, and limited individual control that changes over time.
Partnerships
Partnerships are business structures consisting of two or more owners who share responsibilities and profits. There are three categories of partnerships - general partnerships where all members share equal risk and reward, limited partnerships where one partner has control and others provide financial support, and limited liability partnerships where partners have limits on risks and rewards. Partnerships offer advantages like easy creation and access to more resources, but also carry disadvantages like unlimited liability for general partners and potential for conflicts between partners.
Sole Proprietorships
A sole proprietorship is a business owned and operated by one individual who receives all profits and is responsible for all debts. It is the most common business structure in the US. Sole proprietorships are easy to create and dissolve but the owner faces unlimited liability and responsibility. While the owner has full control, sole proprietorships have limited resources and lack long-term security compared to other business structures.
Government Intervention in Markets
The document discusses three key roles of government in markets: anti-trust regulation, merger regulation, and deregulation. Anti-trust regulation aims to break up monopolies into smaller competitors to decrease prices. Merger regulation evaluates proposed mergers to prevent monopolies and protect consumer prices through competition. Deregulation removes obsolete or inhibitive regulations as industries evolve over time to promote economic growth and competition.
Monopolistic Competition Defined
Monopolistic competition is a market structure with multiple producers making similar but not identical products. While the goods are substitutes for each other, producers have limited control over price and must engage in non-price competition around factors like location, quality, and branding in order to differentiate their goods and attract consumers. Under monopolistic competition, multiple monopolies coexist producing differentiated goods, where consumers can choose between close substitutes.
Monopolies Defined
A monopoly is a market structure where only one producer exists for a specific good or service due to barriers to entry that prevent new producers from competing. There are two main types of monopolies: natural monopolies, which occur when a single large producer is more efficient, and governmental monopolies, which are created through regulations that intentionally or unintentionally limit competition, such as licenses, patents, and franchises.
Perfect Competition Defined
Perfect competition requires multiple participants, identical products, free information sharing, and easy market entry and exit. It is rare in practice as most markets have some level of government intervention or specialization, violating one of the key characteristics. The characteristics include many producers and consumers, commoditized goods where quality and features are identical, all participants having access to the same information on prices and availability, and easy ability for producers to start or leave production.
Price and Equilibrium
Price and equilibrium are determined by the interaction of supply and demand. At equilibrium, the quantity suppliers are willing to provide equals the quantity demanded by consumers at a price they are both willing to accept. Disequilibrium can occur if there is excess supply, when the price is too high for consumers, or excess demand, when the price is too low for suppliers. Prices then adjust until a new equilibrium is reached that balances supply and demand.
Elasticity of Demand
Elasticity measures the responsiveness of quantity demanded to a change in price. It is calculated by finding the percentage changes in quantity and price and taking the ratio. An elasticity over 1 means demand is elastic and sensitive to price, under 1 means inelastic demand not sensitive to price, and exactly 1 means unitary elastic demand where quantity and price move proportionately. Demand for necessities tends to be inelastic while luxuries have elastic demand more impacted by price changes.
Factors Affecting Demand
The document discusses factors that can affect demand beyond just price. These factors include consumer income, expectations, population change, and tastes/trends. Changes in these non-price factors do not cause movement along the demand curve, but instead shift the entire demand curve, either to the right if demand increases or to the left if demand decreases. Examples are given for how each factor can impact demand for certain goods.
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Ever-changing customer expectations demand more modern digital experiences, and the bank needed to find a solution that could provide real-time data to its customer channels with low latency and operating costs. Join this session to learn how Citizens is leveraging Precisely to replicate mainframe data to its customer channels and deliver on their “modern digital bank” experiences.
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Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
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American revolution
The American Revolution began with protests against British taxes and control over the colonies. The First Continental Congress organized resistance efforts through economic boycotts. Armed conflict broke out at Lexington and Concord in 1775, starting the war. Key battles like Bunker Hill showed the colonists could stand up to the British. The Declaration of Independence was adopted in 1776. Though the British had more resources, the colonists prevailed through resilience and the entry of France as an ally in 1778. The war ended with the British surrender at Yorktown in 1781 and recognition of American independence in the 1783 Treaty of Paris.
What do stock indexes show?
Stock market performance can indicate the overall health of an economy. When stock values are rising collectively, it is considered a bull market, while falling stock values represent a bear market. Common stock indexes like the Dow Jones Industrial Average and S&P 500 track the performance of large groups of companies to gauge national economic trends.
Other Financial Assets
Other financial assets include stocks, money market mutual funds, and certificates of deposit. Stocks represent ownership in a company, money market mutual funds invest in short-term assets but are not FDIC insured, and certificates of deposit are bank deposits for a fixed time period at a higher interest rate. Financial assets are traded on capital markets, which involve assets that mature in over a year, or money markets, which involve assets that mature in under a year. They can also be traded on primary markets, where only the original holder can redeem the asset, or secondary markets, where the asset can be resold.
Bonds Defined and Catagorized
Bonds are loans given to governments or corporations. They have a par value (principal/face value), a maturity date when the principal will be repaid, and a coupon rate that is the interest paid annually. Bonds are rated based on risk from AAA (safest) to D (riskiest), with higher ratings receiving lower interest rates due to lower risk. Bonds can be resold before maturity, sometimes at a discount if interest rates have changed. Bonds benefit issuers by providing guaranteed interest payments and not imparting ownership, but also legally obligate coupon and principal payments regardless of economic conditions. Main types of bonds include savings bonds, corporate bonds, municipal bonds, treasury bonds, and high yield "
Investing and the Financial System
The financial system allows savers to provide money to borrowers through financial institutions like banks. Savers deposit money in savings accounts or invest in assets, and banks use this money to issue loans to businesses and individuals. Borrowers use the loans to make purchases or investments and pay interest to the bank. The bank then shares some of its profits with savers in the form of interest to incentivize saving. When making financial decisions, savers must consider the tradeoff between return, liquidity, and risk - higher potential returns generally come with higher risks.
Forms and Functions of Modern Banking
The document discusses modern banking, including measuring the money supply, functions of financial institutions, and e-banking. It defines the M1 and M2 money supplies and explains the functions of storing money, saving money, loans, mortgages, and credit cards. It also discusses interest, the role of banks in earning profits, and modern electronic banking methods like ATMs, debit cards, online banking, automatic bill pay, and stored value cards.
Uses and Characteristics of Money
Money serves three main purposes: as a medium of exchange to facilitate trade beyond bartering, as a unit of account to compare the values of different goods and services, and as a store of value to maintain purchasing power over time. To be considered money, an item must have six key characteristics - it must be durable, portable, divisible, uniform, have a limited supply, and be widely acceptable for transactions.
Wages and Skill Level
Wages are determined by the laws of supply and demand in the labor market. The demand for workers and their wages is set by the competition between companies needing employees, while the supply of workers depends on the number willing to work a given job for the offered compensation. A key factor in wages is the skill level required - jobs are categorized as unskilled, semi-skilled, skilled, or professional labor depending on the specialized skills and training needed, and typically require higher compensation as skill levels increase.
Other Business Structures
There are many business structures beyond sole proprietorships, partnerships, and corporations. These "other" structures include franchises, cooperatives, and nonprofits. Franchises allow semi-independent businesses to use a parent company's brands in exchange for royalty fees. Cooperatives are businesses composed of individuals working together for shared benefits like lower costs. Nonprofits fulfill specific goals rather than seeking profits, such as advocacy, professional development, or protecting worker rights and benefits.
Multinationals and Conglomerates
There are three main types of corporate expansions discussed in the document: mergers, multinationals, and conglomerates. Mergers can be horizontal between competitors, vertical between different production stages, or form conglomerates between unrelated businesses. Conglomerates allow businesses to diversify across industries to increase profits and reduce risks. Multinationals are the world's largest corporations that operate across multiple countries, facilitating technology spread but also wielding large influence that can enable corruption.
Corporations Defined
Corporations are business structures owned by shareholders with limited liability. Shareholders own stock that represents fractional ownership of the corporation. Corporations can be closely-held, with few shareholders, or publicly-held, with thousands of shareholders trading stock frequently. A board of directors elected by shareholders makes major decisions and hires executive leaders to run daily operations. Corporations offer advantages like limited liability, transferable ownership, and access to resources for shareholders and specialization of roles and bond issuance for the business. However, corporations also face disadvantages such as difficult creation processes, extensive regulations and taxation, and limited individual control that changes over time.
Partnerships
Partnerships are business structures consisting of two or more owners who share responsibilities and profits. There are three categories of partnerships - general partnerships where all members share equal risk and reward, limited partnerships where one partner has control and others provide financial support, and limited liability partnerships where partners have limits on risks and rewards. Partnerships offer advantages like easy creation and access to more resources, but also carry disadvantages like unlimited liability for general partners and potential for conflicts between partners.
Sole Proprietorships
A sole proprietorship is a business owned and operated by one individual who receives all profits and is responsible for all debts. It is the most common business structure in the US. Sole proprietorships are easy to create and dissolve but the owner faces unlimited liability and responsibility. While the owner has full control, sole proprietorships have limited resources and lack long-term security compared to other business structures.
Government Intervention in Markets
The document discusses three key roles of government in markets: anti-trust regulation, merger regulation, and deregulation. Anti-trust regulation aims to break up monopolies into smaller competitors to decrease prices. Merger regulation evaluates proposed mergers to prevent monopolies and protect consumer prices through competition. Deregulation removes obsolete or inhibitive regulations as industries evolve over time to promote economic growth and competition.
Monopolistic Competition Defined
Monopolistic competition is a market structure with multiple producers making similar but not identical products. While the goods are substitutes for each other, producers have limited control over price and must engage in non-price competition around factors like location, quality, and branding in order to differentiate their goods and attract consumers. Under monopolistic competition, multiple monopolies coexist producing differentiated goods, where consumers can choose between close substitutes.
Monopolies Defined
A monopoly is a market structure where only one producer exists for a specific good or service due to barriers to entry that prevent new producers from competing. There are two main types of monopolies: natural monopolies, which occur when a single large producer is more efficient, and governmental monopolies, which are created through regulations that intentionally or unintentionally limit competition, such as licenses, patents, and franchises.
Perfect Competition Defined
Perfect competition requires multiple participants, identical products, free information sharing, and easy market entry and exit. It is rare in practice as most markets have some level of government intervention or specialization, violating one of the key characteristics. The characteristics include many producers and consumers, commoditized goods where quality and features are identical, all participants having access to the same information on prices and availability, and easy ability for producers to start or leave production.
Price and Equilibrium
Price and equilibrium are determined by the interaction of supply and demand. At equilibrium, the quantity suppliers are willing to provide equals the quantity demanded by consumers at a price they are both willing to accept. Disequilibrium can occur if there is excess supply, when the price is too high for consumers, or excess demand, when the price is too low for suppliers. Prices then adjust until a new equilibrium is reached that balances supply and demand.
Elasticity of Demand
Elasticity measures the responsiveness of quantity demanded to a change in price. It is calculated by finding the percentage changes in quantity and price and taking the ratio. An elasticity over 1 means demand is elastic and sensitive to price, under 1 means inelastic demand not sensitive to price, and exactly 1 means unitary elastic demand where quantity and price move proportionately. Demand for necessities tends to be inelastic while luxuries have elastic demand more impacted by price changes.
Factors Affecting Demand
The document discusses factors that can affect demand beyond just price. These factors include consumer income, expectations, population change, and tastes/trends. Changes in these non-price factors do not cause movement along the demand curve, but instead shift the entire demand curve, either to the right if demand increases or to the left if demand decreases. Examples are given for how each factor can impact demand for certain goods.
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Inconsistent user experience and siloed data, high costs, and changing customer expectations – Citizens Bank was experiencing these challenges while it was attempting to deliver a superior digital banking experience for its clients. Its core banking applications run on the mainframe and Citizens was using legacy utilities to get the critical mainframe data to feed customer-facing channels, like call centers, web, and mobile. Ultimately, this led to higher operating costs (MIPS), delayed response times, and longer time to market.
Ever-changing customer expectations demand more modern digital experiences, and the bank needed to find a solution that could provide real-time data to its customer channels with low latency and operating costs. Join this session to learn how Citizens is leveraging Precisely to replicate mainframe data to its customer channels and deliver on their “modern digital bank” experiences.
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We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
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- Understanding the DLAU tool and how to best utilize it
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- 1. Economic Systems The Four Types
- 2. The Four Types of Economic Systems Four very different types of Economic Systems have evolved as different societies have placed different emphasis on different goals and priorities in their efforts to answer the Three Key Economic Question.
- 3. Traditional Economy Family or Community based Economic System that relies on custom and ritual to make its choices. Examples: Aborigines Amazon Tribes Any Substainance Economy
- 4. Market Economy Individual or Consumer based Economic System that relies on the consumption choices of consumers. Examples: *The U.S.A.? *Japan? Any Capitalist Economy? * Indicates that the country leans that way as there are no wholly free market economies in practice
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