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Rationalization is the process of converting the irrational denominator of a given fraction into rational by multiplying and dividing by suitable terms.
For example, consider,
2/3√2
Here the denominator is an irrational number
to rationalize this fraction follow the steps:
- Find a number which on multiplying with denominator returns a rational number( here √2 * √2 will give 2 which is a rational number ).
- Multiply numerator and denominator with the number you just found {(2/3√2) becomes (2/3√2)(√2/√2) = 2√2/6)
Now the rationalized result is 2√2/6
In maths, Rationalise is when you multiply the denominator by the denominator it self as a fraction
Seconds meaning of rationalise is when you know in your conscience when you are wrong but you make up excuses to defend your self (although the evidence proves you are wrong).
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Why China and Japan have a strong economies?
China has the world's largest population (1.3 billion people), immense fuel and metal resources and 140 million hectares of agricultural land. Since the 1970's the government has moved the economy from a highly centralised command type with detailed, inflexible planning to a decentralised, incentive-based system with only indirect general planning and has allowed private enterprise and foreign investment (for export production). The large trade surplus, rationalisation of industrial and agricultural production and massive increases in infrastructural investment and private consumption have led to high growth rates. Japan has a strong economy based on a comprehensive education system, highly developed infrastructure and well organised industrial combines (kerietsu) that vertically intergrate production, invest heavily in capital equipment and worker training and sacrifice profits for greater market share (aided by long term bank lending). Japan specialises in high value goods (machine tools, cellphone components, industrial ceramics, motor vehicles and lorries, carbon fibre, titanium, semiconductor materials and industrial plant/equipment) that enjoy large shares of the world market and the economy is not nearly as dysfunctional as the benighted Anglo-Saxon press or the Japanese government would have you believe.
What liberalization has taken place in the economy since 1991?
The liberalization has taken place in the economy since 1991 as follows:1. Freer Imports and Exports: In the pre-reform period, India's trade policy regime was complex and cumbersome. There were different categories of importers, different types of import licenses, alternate ways of importing etc. Substantial simplification and liberalisation in all these respects has been carried out in the reform period. The tariff-line wise import policy was first announced on March 31, 1996 and at that time itself 6,161 tariff lines were made free.2. Rationalisation of Tariff Structure: On the recommendations of the Chelliah Committee Report in January 1993, the Finance Minister announced substantial cuts in import duties in 1993 - 94, the 1994 - 95 and the 1995 - 96 budgets. The 1993 - 94 Budget reduced the maximum rate of duty on all goods from 110 per cent to 85 per cent except for a few items including passenger luggage and alcoholic beverages. The 1994 - 95 Budget further brought down the maximum rate of duty on all goods from 85 per cent to 65 per cent. This was brought down to 50 per cent in the 1995 - 96 Budget and further to 40 per cent in the 1998 - 99 Budget. The 2000 - 01 Budget reduced the peak rate of basic customs duty to35 per cent. Thus there are now only four customs duty rates of 35 per cent, 25 per cent, 15 per cent and 5 per cent.3. Decanalisation: A large number of exports and imports used to be canalised through the public sector agencies in India. The supplementary trade policy announced on August 13, 1991 reviewed these canalised items and decanalised 16 export items and 20 import items. The 1992 - 97 policy decanalised imports of a number of items including news-print, non-ferrous metals, natural rubber, intermediates and raw materials for fertilisers. However 8 items (petroleum products, edible oils, cereals etc.) were to remain canalised. The EXIM Policy 2001 - 02 put 6 items under special list-rice, wheat, maize, petrol, diesel and urea. Imports of these items would be allowed only through State trading agencies. Their import will not be theoretically canalised, but for all practical purposes they would be so.4. Convertibility of Rupee on Current Account: The exchange rate policy in India has evolved from the rupee being pegged to a market related system (since March 1993). The exchange rate is largely determined by the market, i.e., demand and supply conditions.a) Partial Convertibility of Rupee:The Finance Minister announced the liberalised exchange rate mechanism in the Budget for 1992 - 93. This system introduced partial convertibility of rupee. Under this system a dual exchange rate was fixed under which 40 per cent of foreign exchange earnings were to be surrendered at the official exchange rate while the remaining 60 per cent were to be converted at a market determined rateb) Full Convertibility on Trade Account:The 1993 - 94 Budget introduced full convertibility of the rupee on trade account. As a result, the dual exchange rate system was dispensed with and a unified exchange rate system introduced. Under the unified exchange rate system, the 60:40 ratio was extended to 100 per centconversion. This 100 per cent conversion was extended for almost the entire merchandise trade transactions and all receipts, whether on current account or capital account of the balance of payments.c) Full Convertibility on Current Account:Current account convertibility is defined as the freedom to buy or sell foreign exchange for the following international transactions:i) all payments due in connection with foreign trade, current business including services, and normal short-term banking and credit facilities;ii) payments due as interest on loans and as net income from other investments;iii) payments of moderate amount of amortization of loans or for depreciation of direct investments; andiv) moderate remittances for family living expenses.5. Steps towards Convertibility on Capital Account: While convertibility on current account has been accomplished, convertibility on capital account is being carried out slowly and cautiously. Caution is necessary because convertibility on capital account can lead to substantial flight of foreign exchange from the country. 'Hot money' transactions can increase the volatility in foreign exchange market and create serious distortions in the entire domestic economy. Therefore, the Government of India has correctly decided to introduce convertibility on capital account only in stages. For thispurpose, different Union Budgets have been successfully 'opening up' and liberalising certain capital transactions.6. Trading Houses: The 1991 policy allowed export houses and trading houses to import a wide range of items. The Government also permitted the setting up of trading houses with 51 per cent foreign equity for the purposes of promoting exports. Under the 1992 - 97 trade policy, export houses and trading houses were provided the benefit of self certification under the advanced licence system, which permits duty free imports for exports.7. EOU/EPZ/EHTP/STP: The units undertaking to export their entire production of goods may be set up at Export Processing Zones (EPZs), Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) and Export Oriented Units (EOUs). Recently certain changes have been introduced in these schemes.8. Special Economic Zones: The annual EXIM Policy for the year 1999 -2000 announced on March 31, 1999 proposed the setting up of Free Trade Zones (FTZs) in the country. The FTZ scheme was to be operational from July 1, 1999. The idea was to insulate the zones from bureaucratic interference and export restrictions.
Compare and contrast Max Weber's and George Ritzer's interpretations of the concept of rationalisation.?
Max Weber's interpretation of rationalisation refers to the process of applying logic and efficiency to social, economic, and cultural practices. George Ritzer, on the other hand, coined the term "McDonaldization" to describe the rationalisation of society based on principles of fast food production, emphasizing efficiency, calculability, predictability, and control. While both theorists highlight the influence of rationalisation on modern society, Weber focuses on a broader concept of rationalisation, while Ritzer offers a more specific application through the McDonaldization theory.
What is the process called of removing a radical from the denominator?
It is called rationalisation [of the denominator].
What is the rationalisation factor of 500⅓?
The number in the question is rational. It is not at clear how a rational number can be rationalised!
The factors that led to the rationalisation of sport in the 19th century?
Barrack Obama got aids
What has the author David Hilton written?
David Hilton has written: 'The rationalisation of circular settling tank designs'
What is the rationalisation factor 7 - 3 root 5?
It is 7 + 3 root 5.Simply change the sign of one of the two terms. Thus -7 - 3 root 5 (changing the sign of the first term) is also a rationalisation factor. The only reason to go for the other one is that there will be fewer negative signs to deal with. The answer will be the same.
What has the author S F Johnston written?
S. F. Johnston has written: 'Rationalisation of mechanical and electrical equipment imports into Papua New Guinea'
What has the author T J Weston written?
T J. Weston has written: 'The rationalisation of rent collection methods with a view to improving effectiveness and efficiency'
What if the function of knowledge?
In an evolutionary sence knowledge and the thirst for knowledge is for the purpose of adaption. As we appear to be in a multiple reality (infinity on infinity) the rationalisation of knowledge would seem to be paramount.
What has the author Pierre Vogt written?
Pierre Vogt has written: 'Etude sur la rationalisation de la gestion et de la maintenance des equipements des formations sanitaires au Cameroun'
What is a description of the process of rationalisation in sports?
A change did not come about until the beginning of the 19th century when school football became the custom, particularly in the famous public schools. This was the turning point. In this new environment, it was possible to make innovations and refinements to the game?
Why does Dunedin have farmland?
Many city boundaries in New Zealand now incorporate significant areas of rural land. This change occurred during the Local Government rationalisation in 1989. The city of Dunedin now incorporates many towns, from Waikouaiti to Middlemarch.
