of-the-art 9 million metric ton refinery
Entitled to huge tax concessions
Growing demand for petroleum products
Could divert oil from Bombay High to the refinery for captive consumption
Gol permitted set up retail outlets from the MRPL refinery
Mangalore-Hassan-Bangalore product pipeline helped ONGC
2) Human Resources Development
HR Vision"To build and nurture a world class Human capit
1. The comparison and contrast of ‘state capitalism’ and ‘market capitalism’
There are about two capitalistic means in keeping monopolistic capitalism. One is 'state planning like monopoly, cartel'. Another is 'collective relations like Soviet union'.
The reason that state capitalism is associated with the Great Depression is state capitalism happened because ofthe Great Depression.
1. With which ofthe international competitors listed in the case is it most interesting to compare Inditex’s financial results? Why? What do comparisons indicate about Inditex’s relative operating economics? Its relative capital efficiency?
GAP H&M Benetton Inditex
ROIC -0.15% 24.16% 11.20% 27.24%
Return on sales -0.06% 9.60% 7.05% 10.46%
COGS/sales 7
Capitalism against the Welfare State: Classical Political Economy
Some thought the welfare state is incompatible with capitalism. This conviction can be retraced to Adam Smith. He understood welfare as being secured primarily through the market. More clear reason for incompatibility is that without the compulsion to work an efficient market could no longer function because there would remain no
Herman Melville
Born in 1819. 8. 1 in New York city
Died in 1891. 9. 28
Novelist, Essayist, Poet
Family’s bankrupt and father’s death → had to work a lot
South seas adventure
Tragic insight of human and life, symbolism
“Typee”(1846), “Moby Dick”(1851)
Summary
The narrator is a lawyer working in Wall Street. He hires Bartleby, the Scrivener and problem begins. Bartleby r