Comparative Business Systems Essay Example | Topics and Well Written Essays - 750 words

Comparative Business Systems - Essay Example German’s economic condition entails a service sector, which offers a contribution of 70% of GDP and industry sector that offers 29.1% contribution, while the agricultural sector offers 0.9% (Mundi, 2010, 3). Brazil’s Gross Domestic Product has grown from 7.5% in 2010 to 2.7% 2011, and despite to the global hold back, the domestic market in Brazil have become strong, hence reducing vulnerability to the external crisis (The World Bank Group, 2012, 1). Conversely, Germany attracts foreign investors by providing an open market without restrictions to operate any business (Pugh and Hickson, 2007, 20). Therefore, the citizens of Germany and Brazil are benefiting from the stability of their economic growth, with relatively low inflation rate and improved social well-being (Chandler, 1984, 473). This paper will focus on comparing the business systems in Brazil and Germany. On the other hand, in Brazil there are limits of potential growth and significant advances in the economy, which are attributed to institutional reforms, noninflationary growth that is derailed by barriers, regulation and insufficiency in infrastructure and poor business climate (Jimenez, Gomez Sabaini and Podesta, 2010, 38). However, the condition is better in Germany, since the government has established necessary reforms to improve their economic conditions (Hall and Soskice, 2001, 36). Quality of Brazilian government services concerning the expenditure is relatively lower than other middle-income countries, and country launched a growth acceleration plan in 2007, which focused on increasing investment in infrastructure, and offering tax incentives to facilitate economic growth (Whitley, 2007, 30). In Germany, people are taxed on their income, especially individual residents; in fact, income tax rate have a range of 15% to 45% during the year 2010. Furthermore, Germany presented an initial general tax-free amount of 8,004 Euros during the year 2010 and 16,008 Euros for people, who ar e not married; thus, Germany has subjected corporation to 15% corporate income tax and a solidarity surcharge of 5.5% and it results to an entire rate of 15.8% (Mundi, 2010, 5). In Brazil, the plan led to a 7.5 % growth in 2010, and resilience to the crisis experienced in 2009, and insignificant recession among developed and emerging economies in 2011 (OECD, 2011, 4). Role of the National State in the Economy German’s economic condition has contributed significantly to production based on engineering; for instance, there is production of automobiles, machinery, metals and chemical products. Moreover, Germany has been renowned manufactures of wind turbines and solar power technologies (Mundi, 2010, 7). In fact, this country offers the largest international trade fairs every year; in fact, this congress has been held severally in cities such as Hanover, Frankfurt, and Berlin. On the other hand, the growth in Brazil has facilitated challenges, whereby the country is anticipating hosting the World Cup in 2014 and Olympics Games, in 2016, hence this is requiring significant investment in urban and social development, and transport infrastructure. Moreover, Brazil has experienced substantial regional differences in the social indicators like health, infant mortality and nutrition (Morgan, Campbell, Crouch, Pedersen and

Normal Distribution Essay Example | Topics and Well Written Essays - 500 words

Normal Distribution - Essay Example For a group of statistics to be reliable, they need to have a normal or bell-shaped curve. In order to help achieve this outcome, the mean will need to be as close to the center as possible. Also, the standard deviation will likely be small in order to help the curve remain tall and narrow. The reason why normal distribution is so useful computationally is that it allows us to make conclusions from the data at hand. Let’s say, for instance, that a graph was skewed either to the left of the right. It would be very hard to come to any conclusive theories based off the data. This is because the data would not be reliable and could not be used to make any assumptions. Normal distribution is symmetrical, so it is easy to make conclusions just by looking at it with the naked eye. Other forms of data may require detailed calculations in order to make an inference or hypothesis. If a curve displays normal distribution, then the mean will be exactly the same figure as the median and the mode. Also, the standard deviations will be within a set range of numbers. If a curve is bell-shaped, then more than two thirds of the distribution (68%) will lie between one standard deviation of the mean. More than this, 95% of the data will be located within two standard deviations of the mean. All these figures are useful when working out probability. It is possible to say that there is a certain percent of a variable falling within a certain range on the graph. The tests such as Goodness of Fit, Independence, and ANOVA all use other distributions because the data is not symmetrically aligned. It could be that the distribution is skewed, either to the left or the right, and thus it is not possible to come to a conclusion simply by looking at the graph. The occurrence of outliers is also likely in such a case. One such method is the Chi-square