The Monopoly Essays - Imperfect Competition, Market Structure

The Monopoly a) Using Australian examples describe the characteristics of the two of the following forms: Monopoly Oligopoly The main characteristics of an oligopoly are: ? The market is dominated by only a few companies, which are relatively large. ? The production of identical products which are similar. ? There are significant barriers to entry. ? The interdependence of production decisions within the market. An Oligopoly market exists in which a small number of firms dominate the supply to an entire market. Each firm producers a very similar product. In Australia the oligopoly is the major market form. It is because Australia is so small market located far from overseas markets and this thus requires producers to be larger, so they are more competitive. There are hundreds of examples of oligopolistic industries, e.g. cars (Holden), breakfast cereals (Kellogs) This market form does not only depend on the larger producers, but the recognition of their interdependence, the action of one producer will affect the actions of others and each oligopoly firm watches their rivals closely. Oligopolies compete fiercely for market share, therefore the competition for existing or new consumes is intense, as each producers products are very similar. As a result oligopolists have little influence over price. For example Shells petrol is very similar to Mobil petrol, therefore these two companies watch each other closely. Oligopoly firms attempt to make their products different in the eyes of consumers. This can be achieved in many different ways. Firstly by providing quality improvements in goods or services such as electrical sound equipment, secondly by different packaging or wrapping, thirdly by bonus offers or prizes on purchase, for example Just Jeans offering free sunglasses. The more product differentiation among oligopoly firms, there is a more chance of each firm has being independent from its rivals when setting price or output. It is hard for new firms with a small market share to enter the oligopoly market and produce enough to make the product cheap for consumers to buy. The small amount of large firms can often produce large amounts of quantity to provide for all consumers to purchase. It is difficult for new firms to win market shares form existing producers, particularly if those firms have large advertising budgets, licenses, design patents or restrict access to raw materials on one way or another. Oligopoly is a market structure, which is especially vulnerable to restrictive trade practices. The main characteristics of a pure monopoly are: ? Only one seller within the market. ? The goods produced have no close substitutes. ? There are extreme barriers to entry. ? Complete control over price. A monopoly is an industry in which there is one supplier of a good or service that has no close substitute and in which there is a barrier preventing new firms to enter. The supply of water and gas are local monopolies, while Australia Post, B.H.P and C.S.R. are examples of national monopolies. As there is only on supplier, the firms can chose where on the demand curve the industry will operate. They can either determine the price or the quantity traded. Either they can sell less at a higher price or sell more at a lower price; therefore their decision is based on maximizing their total profits. The key feature of a monopoly is the existence of barriers preventing the entry of new firms. It is once the firm has entry the market system that is losses the advantage of monopoly control. Some barriers to entry may include; control over vital raw materials, tariff protection from importers, protective government legislation, temporarily low price to force out competition and large research and development budgets to help monopolists maintain their technological advantages over potential rivals. As there is no existence of competition, advertising is mainly focused on public relations or sponsorship of major sports events. b) How effectively do the two markets forms that you described in part a meet the criteria for a successful market? A market system exists when producers and consumers interact with one another. For a successful market system to exist the following criteria needs to be meet: does the market? Deliver lower prices, provide greater choice, encourage improvements in the quality of the goods and services traded, encourage the implementation of new

Kashmir essays

Kashmir essays The Muslim and Hindu peoples of Kashmir have lived in relative harmony and friendliness since the 13th century when Islam first became the majority religion in Kashmir. The Sufi-Islamic way of life that ordinary Muslims followed in Kashmir complemented the rishi tradition of Kashmiri Pandits (Hindus), leading to a syncretic culture where Hindus and Muslims revered the same local saints and prayed at the same shrines. Periodically however, there have been rulers and leaders who have had a narrow view of Islam, and have subjected Hindu minorities to great cruelties and discrimination. The current armed secessionist movement in Kashmir mostly derives its inspiration from these people. A canard is now being spread past few years by the secessionist-terrorists and their sympathizers that in 1990 Kashmiri Pandits left Kashmir willingly, having been "tricked" by then Jammu and Kashmir.. Nothing could be farther from the truth. The fact is that Kashmiri Pandits were driven from their homeland after a campaign of intimidation and harassment was launched against them by the military-wing of the secessionists. Kashmiri Pandits were forced from their hearths and homes at the point of gun. The objective of this ethnic cleansing was to create a minority free Kashmir valley where the goal of Islamization could be easily forced on the ordinary people. The books and articles below will provide you with an in-depth understanding of the genesis of the current political situation in Jammu and Kashmir. The religious philosophy of Kashmiri Hindus is rooted in Kashmiri Shaivism, a school of Shiva philosophy that originated near Kailasha in Himalayas around 400 AD. The first teacher of this school was Tryambakaditya, a disciple of sage Durvasas. Sangamaditya, the sixteenth descendent in the line of Tryambakaditya, later settled in Kashmir valley around 800 AD. His fourth descendent, Somananda, extracted the principles of monistic Shiva philosoph ...

Recognizing an unhealthy work environment

Recognizing an unhealthy work environment When it comes to our professional lives, most of us have a clear hierarchy of needs, including a viable salary, acceptable benefits, and responsibilities that align well with our abilities. After all, we spend so much of our lives at work (nearly 90,000 hours over our lifetimes, according to a recent Business Insider article) that it stands to reason that our core needs and wishes should be met in order to make it all seem worthwhile. But all too often, having a healthy and productive environment doesn’t make the list of priorities when we think about what’s really important for us to be satisfied at work- and that’s a real miss when thinking about your overall career happiness. Need some convincing? Forbes recently reported that â€Å"a toxic workplace environment will overtake the culture of any organization, interfering with employee performance, destroying relationships and demotivating top performers. It is important to understand your organization’s exposure to such an environment so that strategies are implemented to either eradicate or mitigate its effects.†The question that likely remains for many of you is this: Am I stuck in an unhealthy work environment? Good question- and don’t be ashamed if you don’t have a clear answer. The truth is, it can be hard to tell what’s unhealthy and what’s normal and acceptable in a high-pressure, high demand modern workplace, in which â€Å"doing more with less† is the new normal. But don’t worry, we’re here to help you figure out what side you’re currently on. Use the following indicators to determine if you’re currently in an unhealthy workplace.Monitor the avoidance factorDo you find yourself regularly going out of your way to avoid both people and situations at work? If so, then chances are you’re working in an environment with some real unhealthy elements. These can include everything from toxic coworkers to a n unsavory and insincere corporate culture that’s misaligned with reality.The effects are similar: you dread going to work in the morning and can’t wait to leave at the end of the day. Many folks tend to take a â€Å"bare minimum† approach to their jobs when in this sort of unhealthy environment- they do just enough to squeak by and stay under the radar. The result? They often deny themselves the ability to evolve in their positions. Staying in a job like this is not a formula for career satisfaction and positive growth.Do a regular office â€Å"mood check†Most of us make it a point to check the weather each day before we head out to work, but not nearly enough of us stay on top of our â€Å"mood temperature.† An unhealthy work environment often has an unfortunate trickle-down effect on people’s moods, which makes it a great diagnostic tool for determining if your workplace has problems.Everyone from top management to their direct reports on down through the organizational chart can feel the impact of an unhealthy environment. If the overall mood of your colleagues (or a few key personnel who have a significant impact on others) is more â€Å"doom and gloom† than â€Å"happiness and sunshine,† you better believe that this has a significant impact on the company’s productivity, employee turnover, and long-term success.Beware of negative spillover into your personal lifeThe unfortunate reality is this: what happens at work doesn’t always stay at work. On top of encroaching on your personal time (if you choose to spend more hours working than you’re required to), the effects of an unhealthy workplace can spill all over the rest of your life.According to a recent Psychology Today article, â€Å"If you are so miserable at work that you find yourself miserable at home, in your relationships and with your hobbies than your toxic professional life is seeping into every other aspect of your l ife. You may find yourself constantly talking about work and complaining about your boss when you should be enjoying your time off. Eventually, your loved ones will become tired of your negative talk and complaining, and your personal life will take a major hit.†If this sounds all-too-familiar to you, then you’re likely in an unhealthy work situation and may warrant taking a closer look.If you’re curious about whether or not you’re currently in an unhealthy work environment, do a serious self-assessment using the information provided here to help diagnose your workplace. If you find more negative than positive, consider taking active steps towards either improving your satisfaction and happiness at work, or finding a new job that will meet your needs.

Reading Response Essay Example | Topics and Well Written Essays - 250 words - 1

Reading Response - Essay Example FK realizes two opposing sides in America and in the world, he increases the appreciation of his message to the audience by using rhetoric effectively. Kennedy welcomed the responsibility of dealing with friends and foes alike in order to become a global representation of peace. To achieve this, he shared his energy with the people and made each person in the audience realize that these goals were achievable once everyone played their role towards their achievement. Clearly, he shows the role each opposing force can play in order to solve problems affecting and bring peace to America and the world. This is clear when he states his idea by asking opposing nations to propose ways of controlling arms in order to "bring the absolute power to destroy other nations under the absolute control of all nations† (Kennedy). Metaphorically, Kennedy appeals to his audience illustrating his vision for a world that respects freedom and liberation of people. In this regard, he voices his vision to help realize and respect freedom by offering "to assist free men and free governments in casting off the chains of poverty" (Kennedy). This metaphor allows the audience to realize his vision of ending past injustices and becoming more aware of his vision in ensuring liberation of all people in the world. On the other hand, Kennedy shows intentions of ensuring justice in the world by telling dictators that, "those who foolishly sought power by riding the back of the tiger ended up inside" (Kennedy). In conclusion, calling people to action remains the basis of the whole speech. However, his use of figure of speech is impressive and helps him put his message in such a way it resonates well with the audience. On the other hand, his message remains vital in the current world where conflicts are the order of the day. It is therefore important to ask whether America and the world can learn from this speech. In addition, is there any leader in the world who can currently rise and lead the

Globalization, Foreign Direct Investment (FDI), or Multinational Essay

Globalization, Foreign Direct Investment (FDI), or Multinational Corporations (MNCs) - Essay Example On the other hand, poverty and inequality emanates from disorganization and injustice among the developed countries in the global market who instead should work at developing the global economy to greater levels. According to Cohn’s perspective, globalization entails activities that assist countries and societies to broaden and deepen thus increasing their interdependence around the world. Broadening and deepening is the establishment of links and using them to increase the regularity and intensity of the communications, transactions, relationships and general interactions among the involved societies and states. Globalization has led to developments in management and other significant sectors in the corporate world as companies come up with excellent strategies to overcome the competition and as a way of keeping up with the trends1. The vast growth in international market relates with developments in areas such as communication and transportation technologies that are key facilitators of the strategic links between the participating states and Multinational Corporations (MNCs). However, globalization’s impact varies in the different countries and in most cases; it threatens th e domestic autonomy causing issues among the local economies. Upon entry into the international market, countries take up new roles and responsibilities, that allow them to make any policy choices. The policy choices are the determinants of states and societies’ experiences of globalization i.e. unity and cooperation or fragmentation and conflict. Multinational Corporations (MNCs) are companies that distribute goods and services across borders with an aim of spreading ideas and controlling assets in more than one state. They play a significant role in globalization and economists argue they make the greater part of it. MNCs mostly practice Foreign Direct Investments (FDI): in order to manage rights and control economic transactions in different states. Realists link globalization with

FUNDAMENTALS: THE RASTAFARIAN LIFESTYLE Essay -- essays papers

FUNDAMENTALS: THE RASTAFARIAN LIFESTYLE The Rastafarian religion is unique in having few set beliefs to follow or doctrines to live by. Its African origins teach unity and love among all. There is no unified Rasta church, but it does however hold certain philosophies sacred and a number of principles true. People who believe that Selassie is divine or of divine nature are called Rastafarians. The religion is about justice and freedom of the Black race. It was born from the pains of oppression (Erskine, pg 161, 1998). The messages speaks of freedom from physical and mental slaveries of all kinds. The Rasta philosophy opposes violence, and practices a more peaceful means of resistance. The first evidence of Rastafarians in Jamaica date back to 1930 (Nicholas, pg 25, 1996). The community generally holds some truths evident, but beliefs may vary. But all are united that Haile Selassie was divine. They believe that he was the living God, returned. He was Ethiopia's emperor, but was considered a holy prophet by many more (Baptis t, 1997). There was also a strong movement to renew African culture in ones everyday life. Fundamental Ideas Rastafarians must explore the different ideals presented to them by communicating with Jah, their God, and through careful examination of the Bible. By living a natural life and giving praise to Jah through every deed are key methods to living an eternal life (Nicholas, pg 31, 1996). Through meditation the followers arrive at the truths, and begin to come to understanding what has been left out of the Christian Bible. The Bible gives a representation of the past and future, but can really only be understood within oneself. The idea of personal experience and being guided by Jah shows the Rastafa... ...1998. Garvey, Marcus. African Fundamentalism. Jamaica:1966. Mighty_dread@lineone.net, "Beginners Rastafari Page," URL: http://website.lineone.net/~mighty_dread/ 4/13/00. Napti, "Jamaicans of Ethiopian Origin and the Rastafarian Faith," 2/95, URL: http://www.zhurnal.ru/music/rasta/napti.htm, 4/13/00. Nicholas, Tracy. Rastafari: A way of life. Chicago: Research Associates School Times Publications, 1996. Nolan, P. "Rastafarians and Ganga," 2/98, URL: http://www.uclan.ac.uk/facs/health/socwork/swonweb/journal/issue1/nolan.htm, 4/13/00. Rasjoshi@aol.com, "Dreadlocks," URL: http://members.xoom.com/_XMCM/MindfulJD,K/index.htm, 4/13/00. Rastafari Selassie Center Homepage, URL: http://nettilinja.saunalahti.fi/~hsaarist/, 4/13/00. Simpson, George. (1985) Religion and Justice: Some Reflections on the Rastafari Movement. (Vol. 46) New York: Phylon.

Romanticism: Coleridge

More than anything else, Romanticism is a celebration of Self; and, to the Romantic composer, it was the expression of a personal experience that links one human being to another and all human beings to the larger truth. ‘ A multitude of modes and doctrines encapsulated the Romantic revolt, the basis of which lie within such tenets as imagination, individualism and idealism.This paved the way for Romantic composers such as Samuel Taylor Coleridge and William Wordsmith to convey an appreciation of personal experiences within the bounties of the natural world, as well s to celebrate one's comprehension of the inner self, in order to ultimately link individuals to one another and to the larger truth of life.Texts such as Coleridge This Lime Tree Bower my Prison and Frost at Midnight , as well as Wordsmith's I wandered lonely as a cloud (also known as ‘Daffodils') capture the myriad of newfound emotions and realizations which permeated the principles of Romanticism, and the h eightened value of one's sense of self and experiences which aided the association of humankind with the facets of nature, and each other. To the Romantics, the natural world was a sanctuary in which individuals were entitled the eight to self-expression and connection to the raw marrow of existence.In This Lime Tree Bower my Prison, Samuel Taylor Coleridge outlines how an appreciation of nature (a highly Romantic outlook) may result in a greater understanding of Self and connection to others, as well as to the universe and beyond. In his imaginative journey, Coleridge (1797) stimulates the reader's senses with his vivid description of the â€Å"roaring dell, redwood's, narrow, deep†. The onomatopoeic resonance of â€Å"roaring† is repeated to resemble the continual sound produced by the moving water, utilizing Coleridge detailed use of imagination to psychologically transport himself to the described site.From this, Coleridge is celebrating his newfound realization of self, that he is simply content with the fact that nature is all-surrounding, acting as liberation to the soul even on the darkest of days. Coleridge also celebrates the experience as a reflection to the connection he has with his companion Charles Lamb (to whom the poem is dedicated), as they both share the same passion for nature. Coleridge mentions that Charles â€Å"Struck with deep Joy may stand, as I have stood, Silent with swimming sense†¦The alliteration of ‘s' allows the audience to absorb the intoxication and great passion felt by both Charles and Coleridge, that ultimately, their shared interest in nature allowed them to become closer to not only one another- but to the Greater Power. Durra (1959, p. 519) outlines and supports the aforementioned presence of connection as he mentions â€Å"the poet's soul in Joyous communion with man, nature, and God,† implying that, indeed, Romantic notions encapsulate Coleridge celebration of Self and expression of ex periences which outline connections with others and the larger truth.Similarly, the power of Romantic attributes towards one's sense of Self and connections is deeply rooted within Coleridge Frost at Midnight (1798) whereby the serene appreciation of the natural world allowed the persona to emancipate his psyche from troublesome societal practices. The persona (presumably Coleridge) employs imagery to represent the school he attended as a prison: â€Å"l gazed upon the bars†¦ Awed by the stern preceptor's face†¦ So that he may portray his formal education as ineffectual, and that a lack of Romantic exposure to the natural world deprives the soul of enrichment ND identity. To his son, Coleridge wishes otherwise- an education amidst nature whereby he â€Å"shall wonder like a breeze. † This simile emphasizes the babe's future freedom in learning from the â€Å"Great Universal Teacher† (God), as Coleridge determines that â€Å"he shall McCollum thy spirit†¦ From this, it is clear that Coleridge is not only at ease and confidence with his son's future education, but with his own richness of faith and understanding of his place in life- his sense of Self- which is ultimately due to Coleridge later exposure to Romantic notions, as oppose to his early years. Furthermore, this reflection allowed Coleridge to strengthen his understanding of -and connection to- the greater world, as Sunders (1967, p. 34) states that â€Å". .. He very centre of Coleridge system is his belief that the imaginative mind is never static, and that its dislocation from time and space is really a mode of its essential union with all time and space. † Thus, Coleridge was aware that his imagination allowed for a closer connection and harmony to the components of time and space. It can hence be seen that the poems of Samuel Taylor Coleridge demonstrate that indeed, the Romantic Movement was vital for one's outward elaboration of self, and expression of experi ences which link humanity to one another and ultimately, to the larger truth.In addition, William Wordsmith (a Romantic composer) allowed for the expression of Self and connective experiences to become apparent in his works, such as his overtly Romantic poem I Wandered Lonely as a Cloud (or ‘Daffodils'-1802). In congruency to Coleridge This Lime Tree Bower my Prison, the persona gains solace when in dismal times, simply upon recollecting the various beauties and bounties of nature in his mind's eye. In the opening lines, Wordsmith employs simile in description of his swift movement across the valley to be â€Å"†¦ s lonely as a cloud, that floats on high o'er vales and hills† the enjambment between these lines indicates Wordsmith's confident sense of self, that he is most aware of whom he would like to be, and is content and comfortable as such. Wordsmith Romantically personifies the daffodils as â€Å"Fluttering and dancing in the breeze†¦ Tossing their head s in sprightly dance† so as to portray them as an integral part of his comfort, having equal importance as positive human company for his connection to the larger truth of life and its natural features. Race (1990, p. 7) mentions in his commentary that â€Å"Wordsmith invites us to remember with him, imprisoned in our solitudes, the universal order of which we ourselves, the waves, the trees, the daffodils, and the stars, are all individual parts†¦ † And that the poem's Romantic essence places emphasis on â€Å"the relations of man and nature†¦ † From this, the audience may infer that this expression of connection and self-realization was only achieved by Wordsmith due to his Romantic reflection and appreciation. It can henceforth be concluded that, upon analysis of Coleridge This Lime Tree Bower my