Tag Archives: Definition

Introduction In today’s world, technology is advancing at a rapid pace, and the terms used in various industries and fields are evolving alongside it. Keeping up with these terms can be challenging, but it’s essential to have a basic understanding of them to stay informed and relevant. In this article, …

What is the Internal Responsibility System? The Internal Responsibility System, commonly known as IRS, is an approach to occupational health and safety management that emphasizes shared responsibility and accountability for workplace safety. It is a system where everyone in the workplace, including employers, supervisors, and workers, shares the responsibility for …

Introduction The concept of a closed loop system has become increasingly popular in recent years, especially in the world of economics. Simply put, a closed loop system is an economic model where the inputs and outputs are connected in a circular way, creating a self-sustaining system that operates efficiently and …