About Iran

About Iran Iran Home›Economics Posts›Iran Economics PostsTheoriesAs the proponents of the Neoclassical counterrevolution theory postulate the chaotic situation in developing countries is a product of poor government plans and polices. These countries have so many bad polices that are the foundation of their problems.   Indeed, this is totally evident in Iran. The Neoclassical counterrevolution theory can clearly explain why despite Iran being one of the largest producer of the most valuable source of energy in the world, “the Black Gold” experience gross economic development setback and is still underdeveloped compared to other oil producers in the middle east. Iran is still a third world country. As Verdinejad (2010) observes the government policy has not at all facilitated the country to improve its economic health and eliminate poverty using its lucrative resource. Instead, the policy enabled a few individual to increase their wealth at the expense of the nation.Such policies includ e the policies to fund military activities and privatization of government enterprises and oil resource without regard to wealth creation and realization of social justice. However, as Shohanoushi et al (2008) report, not all government policies have had such devastating impact on economic development. In their study of the effects of fiscal policies and government monetary on social and economic duality in Iran Shohanoushi et al (2008) despite noting that these has not been economic and effective with handling duality the advised that continued implementation of the current policies would finally help eliminate duality. The problems that can be attributed to these failures include poverty, continued neocolonialism and inequalities.Iran also had an experience of ‘big Push.’ This came about after Iran made a lot of oil money after selling oil to the western countries following an increase in the demand of oil in these countries. The big push theory concerns investment directly in to development, and Iran did exactly this using the new found oil boom (Keshavarzian, 131). This approach of investment encourages investment within the county rather than in internal and external financial markets. However, the government failed to appreciate the fact that it lacked the basic infrastructure for such a move. Moreover the country did not have enough skilled labor to work on the development initiatives. Ironically, the president and his advisors thought they would use the money to quickly build infrastructure and also import skilled manpower.The move which saw the government abandon its fifth development plan severely inflated social and economic costs in the country (Avery et al, 633). At the close of the fifth plan scheduled period no new industry hand been completed and likewise most projects that had been started at the close of the fourth plan period had stalled. The country’s private sector also suffered the same consequences. Most investors targeted and scram bled for most profitable ventures. Some increased their activities as well as diversified into new investment fields. There was also an increase in the number of small businesses due to increased funding from local banks and foreigners who were keen not to miss a share of the Iranian market. The adoption of the big push seems to have had both negative and positive impacts on the nation.Standards of livingGeneral discussionA standard of living is the extent of material comfort determined by the amount of services, goods and luxuries that are available to a nation, a community or an individual. It may also be referred to as the extent of material comfort that an individual or community strives to realize. This may range from privately purchased or acquired goods to good that are collectively utilized and services such are those obtained from public utilities and those provided by the government. In a nut shell it is the degree of prosperity for an individual, nation or community. The standard of living established for a group or a country ought to be critically evaluated to decipher its constituent values. If there is an increase in its mean, yet the rich become richer while the poor become poorer over the same period, the whole group under observation is not collectively better-off.There is an array of quantitative indicators which can be used as measuring parameters to quantify the living standards. These include access to nutritious food, general life expectancy, accesses to clean water, standards of education, availability of educational opportunities, housing, communication, transport, salaries, access to medical care and others. The most common indicator used to measure the overall standards of living if the Gross Domestic product (GDP). This is best used to measure the standards of living in a country and can further be used to compare the standards of living between two countries. For instance, the following are indicator showing the standards of living in the United States of America:Standards of living in my countryAs opposed the United State of America above the living standards in my country (Iran) are lower.   First it is worth noting that the US is a developed nation while Iran a thirds world country yet to attain any meaningful development. In this regards it is obvious that the Gross Domestic product of the united stated of America is higher than that of Iran. In recent time the low living standards in the country have been cited as the course of worker strikes (Zadeh, 2011).  The countries GDP currently stands at 31.3%InequalityGeneral discussionInequality is the condition of two or more things being unequal, or having disparities. Inequalities in human population are highly influences by class or poverty, gender, racial ethnicity or religious groups. People find themselves marginalized due to lack or procession of one or some of the characteristics above. In most parts of the world, inequality is the order of the day. Th ere are extreme disparities between the rich and the poor, men and women as well as people from different religions.   In America despite the belief that the country’s economic system provides opportunities for all, there are extreme disparities in the country. Some parts of the country still experience high levels of poverty. This poverty is racially inclined since there is a large number of African-American and Hispanics living below poverty as compared to the whites. Some of those believe to be above the poverty line sometimes have to forego some needs to pay for others, amazingly some skip meals. The nations resources are misappropriated such that one fifth of the richest people in the country take home 47.2% of the country’s total income. Conversely, the poorest one fifth can only manage 4.2% of the total income, while the poorest 40% take home 14% only (U.S. Department of State, 2011). The situation is the same and even worse in other parts of the world. In some places rac ial and religious difference greatly influence people access to various utilities, education, health care and others.Disparities in IranThe level of inequality in Iran has been on the increase in recent times.   The gap between the rich is always increasing when it is not stagnated. As result the disparities in incomes and wealth between the poor and the rich is always on the increase. Also the disparities in the country seem to be based on the ethnicity of individuals in the country. As Torof Aziz (n.d) points out a look language, literature, religion, folklore and customs of Iranian clearly points out cultural inequalities. Torof Aziz (n.d) further reports existence of economically and social disparities which he attributes to divisive and divisive policies that were adopted by former prime minister Shah, who used them to ensure that some citizens do not realize their full potential.Population Growth IssuesGeneral discussionWorldwide population is a critical issue that has linge red on the tongues of planners, economist, ecologists and others. Human population is increasing at an alarming rate especially in the developing countries. The impact of population have been felt by both genders worldwide, however, as it is always the case, women bare the greatest brute of population increase. For instance more than one woman passes away each minute each day totaling to 585, 000 women every day. A large number of women also suffer injuries and death as a result of violence, genital mutilation diseases and accident. Population increase is always attributed to the fertility of women which is in turn influenced be the economic standing of a woman, empowerment and education. Evidently, a large number of women compared to men lack them. China leads in terms of population growth and equally in terms of environmental degradation resulting from overpopulation. General, basic family planning education for women would go a long way in reducing the rate of population growth. In the United States of America population seem to be stabilizing. Data recorded in 2005 indicates that the country has a population of 299.8 million people and population density of about 0.03113, pop/sq km the urban population of 80.8%, an annual population growth of 1% and a fertility rate of 2 births per woman (UNDP, 2010).In IranRecent statics collected in 2006 indicate that 60% of the Iranian population is made up of young people bellow the age of 30 years. This population has come to be what it is in 20 years. The country has also experienced a drop in the rate of women fertility.   The fertility has greatly declined from 6 births per woman in the 70s to 2 births per woman in 2006. It is also amazing this decline has not only been felt in the urban areas but also in the rural areas (Roudi, 2011).Human capital IssuesGeneral DiscussionHuman capital is a critical fact for economic and social development in any country. Human capital can be defined as the collective competencies, personal attributes, and knowledge that affects or determines a person’s ability flourish, labor and bear economic value. It is a very critical aspect of education, training and health. Education and training ensure that an individual is equipped with the necessary skill to function properly or serve a particular purpose. Most government and organization in the world heavily invest in educating the citizens as well as training them to ensure that the country has a steady stream of skilled human capital. On the other hand, people need to be healthy order to work properly. It is therefore not surprising that many nations heavily invest in the health of their citizens’. In the US, human capital is considered a critical aspect for socio-economic well being. In fact, the Governments Accountability Office, in 2001, included “Strategic Human Capital Management,” on its high risk area list. Poor long term planning for critical positions has always been an obstacle to realization of consistency. The absence of result oriented culture in the health care departed has been one of the grates obstacles to the realization of consistency, although the problem is not limited to this department alon. In IranJust like America, Iran faces several challenges when it comes to development and improvement of human capital. The first notable challenge is educational challenge. Education and training are critical factors for development of a skilled human capital base yet Iran like fellow third world countries faces numerous challenges when it comes to providing education to its citizens (Moghaddam et al, 2008). Similarly, Iran faces healthcare issues similar to those faced by developing countries. In the long run Iran, like her fellow third world countries has to occasional depend on the services of expatriates to boot her human capital abilities.Physical Infrastructure (physical capital investment) issuesGeneral DiscussionPhysical infrastructure consists of tangible infrastr ucture items such as communication and transport networks. Physical infrastructure is developed through capital investments. The infrastructure is important for the socio-economic development of the country since it enables the country mobility of other factors of development. According to United States General Accounting Office (2001) a nation’s physical infrastructure is made up of a wide collection of facilities and systems which hot and move people and goods and grant services. This may include federal buildings, airports, roads, housing, rail, telecommunication and postal service. Developed countries like the US have well developed physical infrastructure while the opposite is the case for developing countries.In IranIran being a third world country certainly has a long way to go before she can boost of well developed infrastructure. The country is characterized by limited physical investment. The underdevelopment of infrastructure is certainly a product of past poor capital investment priorities such as the big push of the 1970s.Urbanization/Rural Development/ Migration/Informal Economy IssuesGeneral discussionIn many places in the world, there are disparities between urbanization and rural development. Most of the development is concentrated in the urban centers, a factor that encourages people to migrate from rural areas to urban center seeking to benefit from the economic development on the cities through acquisition of jobs. Sometime, the migration surpasses the infrastructure in the cities such as housing facilities leading to development of informal settlement popularly known as slums. Evidently, developed countries have a large number of urbanized populations than developing onesIn IranAccording to Aminmansour (2007) Iran urbanization is uneven. The rate of urbanization is about 1.9% annual. About 71% of the population is urbanized. The government of Iran also emphasizes rural development and has developed polices as well as initiated developmen t project aimed at realizing rural development (Shakoori, 2001). Most of these projects are agricultural in nature.   Despite all this efforts the rate of rural-urban migration remains high.Environmental problems impact of global warming on your countryGeneral DiscussionEnvironmental problems and global warming are modern day natural problems that are threatening the continued existence of humanity in the world. There are numerous environmental problem most of them brought about by human activities while a few are products of natural phenomenon. Global warming on the other hand is the ongoing increase in the atmospheric temperatures brought about by increased green house effect. The increase in the greenhouse effect is a product of increased emission of greenhouses gases such as carbon dioxide into the atmosphere by humans.In IranLike it is in most countries the common environmental issues in Iran include motor vehicle emission especially in the urban areas, poor air quality due to industrial effluents, and emissions from refinery activities. Leaded fuel is commonly used yet most vehicles have nor emissions control facilities. However, the country has several initiatives in the pipeline aimed at dealing away with the environmental problems.   The country is also a signatory to various international environmental protocol and agreements such as the Kyoto Protocol.Financial crisis affecting your countryGeneral DiscussionThe global financial crisis was characterized by a worldwide economic meltdown that saw many countries around the world experience reduced economic activities.   Financial crises of this nature are normally detrimental especially on transitional and developing economies such as that of    IranIran perspectiveIran like the rest of the world economies was neither spare by the financial meltdown. The country had to put up with reduced economic avidities. There was reduced rate of exports thus resulting in reduced national income.Economic theory of developmentGeneral discussionThe Neoclassical counterrevolution theory postulate the chaotic situation in developing countries is a product of poor government plans and polices. These countries have so many bad polices that are the foundation of their problems.Neoclassical counterrevolution and Iran economic developmentIndeed, this is totally evident in Iran. The Neoclassical counterrevolution theory can clearly explain why despite Iran being one of the largest producer of the most valuable source of energy in the world, “the Black Gold” experience gross economic development setback and is still underdeveloped compared to other oil producers in the middle east. Iran is still a third world country. As Verdinejad (2010) observes the government policy has not at all facilitated the country to improve its economic health and eliminate poverty using its lucrative resource. Instead, the policy enabled a few individual to increase their wealth at the expense of the nation. Such polici es include the policies to fund military activities and privatization of government enterprises and oil resource without regard to wealth creation and realization of social justice. Problems that can be attributed to these failures include poverty, continued neocolonialism and inequalities.CorruptionGeneral discussionCorruption is the misuse of authority or ones position with an aim of making personal selfish goals. Corruption is common in many places in the world especial in the developing countries where it has virtually paralyzed all the activities of the countries. A lot of tax payers’ money has also been swindled from government treasury. However, there are countries that have tried to fight corruption worldwide.Iran perspectiveCorruption level in Iran is on the decline. The level had been high due to mismanagement of funds. Evidently most of the Iranians associate their current economic quagmire with various regimes that openly engaged in corrupt activities. Reformist’s re gimes have however tried to reduce the level of corruption which provides an explanation concerning the declining corruption in the country.crimeGeneral DiscussionCrime is the contravening of rules, laws or regulations stipulated by a given authority. Around the world crime is a common thing. Criminal engage in crime to benefit from material things such as stolen property or money. Different areas are also characterized by different crimes.Crime in IranIran experiences a range of crimes ranging from Drug traffic, human trafficking, oil smuggling, terrorism and alcohol smuggling. Drug trafficking is however the greatest crime in the country. The drug traffickers use the country as a transshipment point for originating for Southern parts of Asia such as heroin which is on transit to Europe.

Financial Need Scholarship Essay Example -

In this previous article, we discussed what a financial need essay is. You send it to the scholarship committee who will then determine whether youre academically outstanding enough and the degree of your need. A financial need essay gives the committee your personal profile, background, financial situation, reasons why you deserve the scholarship, and what you plan to accomplish after its been awarded to you. If youre privileged enough to get it, the financial aid or scholarship will likely take full consideration of your current situation. Below is a financial need essay example. Read and understand how it follows the format we learned earlier. After this, you will surely be able to craft your own financial need essaythat you can use to secure your college education.Financial Need Essay Example As far back as I can remember, my parents have always instilled in me theimportance of education. As an only child, every morning at the breakfast table, Id always hear them say, All the riches in the world can vanish in a snap of a finger if a person is not educated enough to handle it. Theyd go on and tell me that the only inheritance they could pass on to me is my education. Ive understood it enough to motivate me to consistently excel in school. I was an honors student throughout grade school and graduated valedictorian from high school. My parents were forced to drop out of school early because of poverty. As a result, they were unable to land stable and well-providing jobs, and thus, they experienced hardship in putting me through school. Despite all their personal struggles in raising me, they never once gave me the impression that I should give up on my dream. It was the opposite - they always told me that they wouldnt let me go through what they went through. Growing up aware of my familys situation, I persevered in school. I was a 4-year officer of the Science Club at my school and was elected president during my last year. Aside from that, I was also a ppointed student council Secretary in my senior year. Aside from all my academic and extracurricular accomplishments, I have alsovolunteeredas a messenger in summer Red Cross missions the past two years. On weekends, I also tutor grade school children in our neighborhood. In the future, I also want to explore the possibility of becoming a preschool teacher. Two years ago, my father was laid off from the steel mill factory that he had worked at for 17 years. He has had difficulty finding a new job ever since. Because we had no choice, the money my father had saved for my education was eventually used to help support daily needs for more than a year. All these unfortunate breaks drove me to seek financial aid for my college education. I thought I would only need a regular partial scholarship now the need is for a full one due to the current circumstances. My dream is to become a licensed nurse. If granted, I will take up a B.S. in Nursing Prelicensure. Should I be fortunate enough to land this scholarship, I will strive to maintain throughout my college years the enthusiasm, hard work, and perseverance that made me get here. It will be my foremost priority to not only carry the name of this scholarship grant throughout college but also to serve others in greater need. If there is required student practicum, I aspire to join and assist in medical missions to less fortunate places Doctors Without Borders, to be exact. I want to help in saving lives. I treasure the honor of being the first in our family to graduate from high school. Now I sincerely aspire to become the first to graduate from college and eventually follow my dream of becoming a licensed nurse. I cannot thank you enough for your consideration.Essay writing service for studentsIn an ideal world, scholarships should not exist, as higher education should be free. While still a highly controversial issue, todays national leaders ought to find a way to make education a birthright, and not a luxury, as they are wont to do even in First World countries like the United States. Since change will not happen overnight, you must take it upon yourself to produce the best scholarship essay. With nobility in your intent and a glimpse of your potential, crafting a scholarship essay should be easy, even in the face of stiff competition. If by any chance your confidence decides not to cooperate, you can seek scholarship essay help from us here at. Our academic writing service boasts of an essay writing help by virtue of the abilities of our expert professional writers. Just so you know, we wish you the best, and if you decide tocome to us, well give you topnotch quality work for you deserve nothing but the best.

Characteristics Of Oedipus - 1406 Words

Sophocles is very influential and one of the first great play-writes. One of his greatest characters is no-doubt Oedipus the king. Oedipus is one of the most complex and interesting characters ever put to paper. Oedipus’ actions are very unique and human, in the context of books. Oedipus has many different character traits, such as his hubris, determination, and knowledge, however all of them blend seamlessly together in a very believable and human way. When Oedipus first introduces himself to us he already displays one of his greatest traits. He is summoned to his balcony because a messenger of the Gods has returned to him with news. â€Å"My sons!† (Sophocles 1) He cries out. Oedipus views himself in a very Godly and fatherly way. He saved†¦show more content†¦You are blind in mind and ears as well as in your eyes.† (22) Oedipus summons Tiresias to his castle in hopes that he would tell him good news. After Tiresias does not tell him what he wants to hear, and accuses him like Creon, Oedipus turns on him and calls him a traitor. Prideful people view themselves and their needs as more important than others, Oedipus also views his position of authority very highly. When people challenge his authority he, due to his pride and hubris, reacts very aggressively. Oedipus, throughout the book, displays great determination. This may be an effect of his hubris, his overconfidence in the way he views himself has led him to believe that he can do anything, so he tries to. Soon after Oedipus discovers that he must find a murderer in Thebes, he vows to Creon that he will find this murder, and questions him vividly. â€Å"Oedipus: Where are they? Where would a trace of this old crime be found? Creon: The clue is in this land, so said the God.† (10) Oedipus truly wants to find the killer, whether this is to prove himself or save Thebes is up to interpretation, however he asks Creon many questions about the killer. If Oedipus was just hubristic and not determined he wouldn’t care about Laius’ murder, because he would view himself above the Gods and their punishments. However, he questions Creon and vows to find the murderer with him. Along with his questioning of Creon, Oedipus invokes a curse onto theShow MoreRelatedCharacteristic s Of Oedipus1043 Words   |  5 Pages Oedipus Rex Oedipus Rex is a book about a man named Oedipus, who before he was born had a prophecy to fulfill. The prophecy stated that Oedipus would kill his Father and marry his mother. Oedipus had many flaws, with one being inner blindness. Oedipus’s flaws and inner blindness played part in him being a static character because he was oblivious to the clues all around them, if he had caught the clues in time he could have saved his family of embarrassmentRead MoreCharacteristics Of Oedipus The King928 Words   |  4 PagesConstitution on, like in the US. In Sophocles’ play Oedipus Rex the king, Oedipus, was very well liked because of his heroic act of solving the Sphinxs riddle, ridding the city of the monster, which led him to become the king of Thebes. During his rule, a plague spreads throughout the city, killing many people, forcing the people go to their king to plead for the help of their heroic king to once again save the city. A prophecy from Apollo was given to Oedi pus which said, in order to save the city, theRead MoreCharacteristics of a Tragic Hero in Oedipus the King by Sophocles1238 Words   |  5 Pagesof a tragic hero, it can be concluded that Oedipus is a tragic hero. Oedipus The King was written by a well-known tragic dramatist named Sophocles. This story is considered to be one of the greatest tragedies of all time. In fact, the Marjorie Barstow of the Classical Weekly says that it â€Å"fulfills the function of a tragedy, and arouses fear and pity in the highest degree† (Barstow). It is also very controversial because of the relationship that Oedipus has with his mother, although it was unknownRead MoreEssay about Tragedy in Sophocles Oedipus The King and Antigone 1403 Words   |  6 PagesTragedy in Sophocles Oedipus The King and Antigone The Greeks considered tragedy the greatest form for literature.   However, the tragic ends for the characters were not ordained or set by fate, but rather caused by certain characteristics belonging to that person.   Such is the case with the characters of Sophocles plays Oedipus the King and Antigone.   Oedipus from King Oedipus, and Antigone and Creon from Antigone posses characteristics, especially pride, that caused their tragic ends.   AsRead MoreOedipus Rex970 Words   |  4 PagesOedipus: An Exceptional Man In all the passages that have been written through history on how an excellent man should behave, one writing stands out from all of them. Aristotle’s, The High-Minded Man. This manuscript explains that for any play to be truly considered a tragedy, its hero must meet Aristotle’s standards for a high-minded man. In the tragedy of Oedipus Rex, by Sophacles, Oedipus clearly meets the requirements to be called a high-minded man. Oedipus is expressive about his thoughtsRead MoreThe Characters Of Hubris In Oedipus The King1032 Words   |  5 PagesHubris is one characteristic of humans that leads to people committing evil deeds. In the play Oedipus the King, Oedipus struggles with facing the truth about his fate. His hubris leads him to be an arrogant and ignorant person throughout the play. Hubris also leads Oedipus to lose control over his emotions on multiple occasions in the story. In Sophocles’ play, Oedipus the King, Oedipus’ character flaws clearly ou tweigh his positive qualities. Oedipus’ rage, pride, and ignorance are the main characterRead MoreOedipus The King : A Tragic Hero987 Words   |  4 PagesLike most greek tragedies, Oedipus the King had a tragic hero whose downfall was the result of a tragic flaw. Oedipus, like other greek characters, did not see his errors until his reign was coming to an end. Oedipus, the man who saved Thebes did not understand that every good thing must come to an end. A tragic hero defined by Aristotle has five characteristics that lead to their downfall and their understanding of why the situation happened. Oedipus is the ideal tragic hero because his downfallRead MoreOedipus The King : A Classical Tragedy1272 Words   |  6 PagesSophocles’ Oedipus the King is a classical tragedy that derives its meaning through the experiences of its tragic hero, Oedipus. Throughout the play, the eminent characteristic of Oedipus is his ignorance of the truth that inevitably leads to his down fall. This ignorance of truth is a characteristic found within the Aristotelian definition of a tragedy. Tragedy, as defined by Aristotle in his Poetics, are imitations of actions and are not narrative. This means that tragedies are often demonstratedRead MoreDiscuss The Importance Of Oracles To Oedipus Rex1620 Words   |  7 Pages1. Discuss the importance of oracles to the ancient Greeks and specifically, to Oedipus Rex. Include a consideration about whether human actions are the result of predestination (Fate/Destiny) or free will. What does Sophocles seem to believe on this issue? After reading the passage throughly, I feel that for the ancient Greeks fate was an important aspect to their daily lives it shaped and formed human life. Fate has evolved during the years mainly because for the Greeks it was seen somethingRead MoreOedipus Rex And The Downfall Of Oedipus951 Words   |  4 PagesA man has many defining characteristics. Some characteristics are positive, and others negative. There are times a potentially positive characteristic may cause his eventual downfall. This concept could be directly related to the story Oedipus Rex. Aristotle once said something to the effect that the tragic hero falls into bad fortune because of some flaw in his character. Essentially, he is telling us those characters, like Oedipus, have flaws that, under normal circumstances, would be a beneficial

My Life Is Controlled And The Path Is Set For Me - 1028 Words

My life is controlled and the path is set for me. I don t have any control of what I do and what people do to me. I am helpless. Totalitarian government has ruined me and now I am just a pawn in a chess game. When I was a kid, growing up in this type of government was very hard. Every part of my life was controlled. The government controlled what saw and what I heard. I got deceived into believing things that in reality had no idea what the truth behind it really was. Another way that the government affected me was through police terror. They used tanks, monitored telephone lines, read mail, and had informers everywhere to keep everybody under their rule in check. The police would operate without any restraints or laws to keep them in check. There was no privacy in my world and everything that I did was being monitored for anything that could be a threat to the government. They made sure no one fell out of line, and the people that did paid for it. They also made us believ e that they were doing good things, like caring for their country and their citizens by using propaganda. This idea is based on incomplete information used to make people accept ideologies. There was also no room for my own religious beliefs, the government tried to spread their own religion belief and attacking religion. My religion beliefs meant nothing to the government and they had no problem trying to brainwash me into thinking what they wanted me to think. The governmentShow MoreRelatedFree Will v. Determinism Essay850 Words   |  4 Pages Do we really have Freewill? nbsp;nbsp;nbsp;nbsp;nbsp;The topic of freewill vs. determinism has always been something that has interested me. I follow the Christian faith very strongly but my views on the subject vary almost daily. The concept of freewill and determinism is something that, as a Christian, I often struggle with. By no means do I think that I have all the answers or that I am right. I believe that in order to find the truth or what is right you have to be willing to accept thatRead More In Love with and Dependent on Technology Essay examples735 Words   |  3 Pagessome direct correlation of technology influencing my path from A to B. In no sense am I a extremist believing that technology is the devil and will ultimately lead us to our downfall, but I can open my eyes every once and a while and truly see how much of our world is governed by these â€Å"great† innovations. I know that it may sound a little hypocritical, I am writing this paper on my new laptop, in a wireless room, and when finished will send it to my instructor in an instant without any personal interactionRead MoreCollege Applicaiton Essay798 Words   |  3 PagesSnow crunches under worn heels, marking a single path across frozen empty cornfields spread afar and ever so still. It is an empty canvas, glowing lustrous in the light of the splendor above. 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Not only does Medea lose her husband, but the King of Corinth wants to exileRead MoreVictor Frankenstein Destruction Through Discovery1746 Words   |  7 Pageswith the human body and sets out to create a living being from the dead. Frankenstein describes his mentality as a child before he created the monster: â€Å"My temper was sometimes violent, and my passions vehement; but by some law in my temperature they were turned not towards childish pursuits but to an eager desire to learn†¦It was the secrets of heaven and earth that I desired to learn† (19). Even in his youth, Frankenstein sought for enlightenment on the subjects of life and death. His ardent dedicationRead MoreMacbeth: Fate vs. Free Will1718 Words   |  7 Pageshas been believed that fate has the power to forge one’s destiny. By some uncontrollable force, the outcome of a person’s choices is controlled by the way in which they are destined to occur. On the other hand though, some believe the se choices can defy fate and that fate only manipulates ones mind into choosing their own path. One question that seemed to pop into my head through out this play was whether individuals were victims of fate or their I own choices, or if each aspect plays a significantRead MoreReflection About Education1330 Words   |  6 Pagesthe others but for me that was a moment I can never forget. From my perspective people labeled me because of my color of skin and race. Sacrifices from my dad and myself also has shaped my education, it is what has kept me going. The pressure falls on each one of us differently. I was always being compared to my older siblings, not by my parents, by my educators. It was hard being the youngest, the bar was set high for me. 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As a stepping-stone toward this dream, I am pursuing my Bachelor of Technology degree in Electronics Instrumentation Engineering from SRM University, ranked first among many private institutions in India. This has laid a strong foundation for my graduate studies. There are two reasons why I believe that graduateRead MoreEssay on Asian Art Museum in San Francisco1315 Words   |  6 PagesMuseum in San Francisco. Every first Sunday of the month, admission into the museum is free. It is my first time to visit there and I was most impressed with the huge number of Buddhas on display.  Most of the pieces are in excellent condition. It is amazing 600-year-old pottery and all these stone statues of Buddha that looks like it was made yesterday. What really brings this place to life for me are the brilliant combination of social mixers and live performance events mixed with cultural education

Business Ethics Ethical And Socially Responsible

What is needed to help ensure that a business is ethical and socially responsible, and why are these essential to a thriving business? â€Å"It is difï ¬ cult to get a man to understand something when his salary depends upon his not understanding it. † - Upton Sinclair When people with similar aspirations get together, they form an organization and work towards achieving a common goal. In the corporate world, it is about running a business to satisfy the needs of the stakeholders. In this context, business ethics are moral principles that guide the way we perform business. Usually, the same values that regulate an individual’s actions also apply to businesses. Acting in an ethical way involves distinguishing the â€Å"right† from the â€Å"wrong† and then making the â€Å"correct† choice. Often, it is easy to identify unethical business practices; for example, companies should not should not unlawfully use child labor or participate in corruption. It is not always as easy to create such clear definitions of what good ethical practice is. I believe that having great people simplifies the matter for as Jeffrey Gitomer once said, â€Å"Great people have great values and great ethics.† If the very people who constitut e and run the business imbibe the spirit of ethics, the sum of the parts would always be greater than the whole and the business would thrive ethically. If we say that running a business is about people, the ethics of business is about their behavior. Ethical behavior largely depends onShow MoreRelatedBusiness Ethics : Ethical And Socially Responsible Behaviors2491 Words   |  10 Pagesorganizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. OrganizationsRead MoreBusiness Ethics : Ethical And Socially Responsible Behaviors2491 Words   |  10 Pagesorganizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. OrganizationsRead MoreBusiness Ethics and Social Responsibility Essay1471 Words   |  6 PagesEthics in the workplace help the organization to grow and prosper. They bring about leadership, work culture and literacy. Ethic are beliefs about what’s right or wrong and good or bad based on individual’s values and morals, plus a behavior social context. Ethical behavior conforms to individual beliefs and social norms about what’s right and good. Unethical behavior conforms to individual beliefs and social norms about what’s wrong or bad. Business ethics refers to ethical or unethical behaviorRead MoreEthical And Socially Responsibl e Business Practice Within A Business Case1388 Words   |  6 Pagesstrengths, limitations and challenges of ethical and socially responsible business practice within a business case of my choice – ALDI Supermarket. 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Like never before, corporatons are being asked, encouraged and prodded to improve their business practices to emphasizeRead MoreEthics And Social R esponsibility859 Words   |  3 Pagesï » ¿Ethics and social responsibility 1. Introduction The contemporaneous business environment is more dynamic and more competitive than ever, reflecting a wide array of changes and challenges emerged from within the micro and the macro environments. An important example at this level is represented by the increasing pressures posed by the various categories of stakeholders. The employees become more knowledgeable, more valuable and as such more demanding; the competition intensifies from bothRead More Define Ethics And Social Responsibility Essay1556 Words   |  7 Pagesorganizations viewed ethics,social responsibility,business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to them is on the rise across the world and many companies or organizations realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporatons are being asked, encouraged and prodded to i mprove their business practices to emphasize

On His Blindness - 837 Words

On his Blindness by John Milton John Milton was a great writer and one of the few who was recognized in his own time. His name stands out in the history of English literature mainly for his two works, Paradise Lost and Paradise regained. In 1651 Milton became blind, yet he continued to write and his daughters would take dictation. The poem On his Blindness, by John Milton is an Italian sonnet which addresses the Christian perspective of how to accept ones disabilities. The writer is effective in doing so, as he utilizes Biblical allusions, figurative language and colorful connotation. The date that Milton wrote the poem is uncertain, but 1955 is the year that is widely accepted. The poem On his†¦show more content†¦These images create an image of God one is to be in awe of, as he is a mighty ruler and people are stationed everywhere just to do as God says. The final line of the poem- They also serve who only stand and wait is a famous one, and alludes to the parable of the Bridegroom- Matthew 25:1-13. On his Blindness was meant to be an inspirational poem for those who have disabilities. The poem is successful in achieving its purpose, as the various methods employed by the writer makes on feel that one is not alone in ones situation. In the form of Patience, one is too given hope and a reason not to indulge in Self-pity. The language reveals the feelings of the writer and mirrors a common situation where people doubt God because they are in a negative situation. The role of Patience is that of a reminder- one can still serve God no matter the circumstances. 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Basically, â€Å"poetry is an expression of the human spirit† (Clugston, 2011). As a result, the poem â€Å"On His Blindness† by John Milton (1655) has been selected as the choice for this paper. The three elements to be discussed will include: form, the tone of the poem, and the contents of the poem. Additionally, an assessment of how these elements affected my responseRead More Accepting Disabilities in On His Blindness by John Milton Essay724 Words   |  3 Pagesnarrative poem â⠂¬Å"On his Blindness,† written by John Milton, is an Italian sonnet which reflects upon a religious man’s perspective of how to accept ones disabilities. The poet is effective in doing so, as he uses both figurative imagery and religious references to convey the struggle and challenges that the disabled endure. On his Blindness, is a poem that reveals a religious man’s acceptance of his lack of vision through a conversation with â€Å"Patience†. Milton often refers to his inability to seeRead MoreBlindness Essay964 Words   |  4 Pageshe’s had in his life. His disability did not stop him from changing the music industry to how it is today. The number of people around the world affected by blindness. Worldwide almost eighty percent of all visual impairment is avoidable (Marcovitz 7). Luckily, over twelve million suffer from less degrees of vision impairment (Plone 2017). World Health Organization â€Å"as many as three-hundred million people will suffer from blindness or other severe vision disabilities† (NFB 2017). Blindness affects moreRead More King Lear - Theme of Blindness Essay846 Words   |  4 PagesKing Lear - Theme of Blindness In Shakespearean terms, blinds means a whole different thing. Blindness can normally be defined as the inability of the eye to see, but according to Shakespeare, blindness is not a physical quality, but a mental flaw some people possess. Shakespeare’s most dominant theme in his play King Lear is that of blindness. King Lear, Gloucester, and Albany are three prime examples Shakespeare incorporates this theme into. Each of these character’s blindness was the primary causeRead MoreKing Lear by William Shakespeare803 Words   |  3 PagesBlindness is a theme that we see throughout King Lear in many characters including King Lear, Gloucester and Albany. Although blindness is a theme it is also a psychological metaphor and can be defined as not having sight.2 Shakespeare forces us to see that being blind is a mental flaw just as much as it is a physical flaw. Lear is not only metaphorically blind but is also blind toward nastiness and loyalty . We see Gloucester’s bli ndness in more literal terms as he is literally blind but he canRead MoreTheme Of Blindness In Trifles And Oedipus744 Words   |  3 Pagesor not, but there are some that are blinded to the truth. In the dramas Trifles by Susan Glaspell and Oedipus by Sophocles, Both having some type of blindness as their theme. While using the theme of blindness, the authors try to teach that the truth could sometimes be right in plain sight. In Trifles, you start to see the theme of blindness in Henry,Lewis and George during their investigation of the death of John Wright. An example of this occurs during the scene where the men look for evidenceRead MoreEssay on Theme of Blindness in Sophocles Oedipus the King758 Words   |  4 PagesTheme of Blindness in Sophocles Oedipus the King Sophocles?s play, ?Oedipus the King? is one of the most well known of the Greek tragedies. The play?s interesting plot, along with the incredible way it is written are only two of the many reasons why two thousand years later, it is still being read and viewed. For those who are not familiar with the story of ?Oedipus the King?, it is written about the results of a curse put on King Oedipus which claims that he will murder his father and marryRead More Blindness and Sight - Lack of Insight in King Lear Essays1082 Words   |  5 PagesBlindness as Lack of Insight in King Lear   Ã‚  Ã‚   Blindness can normally be defined as the inability of the eye to see, but according to Shakespeare, blindness is not only a physical impairment, but also a mental flaw some people possess.   Shakespeares most dominant theme in his play King Lear is that of blindness.   King Lear, Gloucester, and Albany are three characters through which Shakespeare portrays his theme of mental blindness, that blindness which was the primary cause of their poorRead MoreKing Lear, By William Shakespeare938 Words   |  4 Pagesin mythology. In particular, this essay will consider how blindness functions as a symbol that puts the play in conversation with scripture and myth. Blindness in King Lear elicits the kind of sympathy that biblical references to blindness engender. Alternatively, references to blindness in mythology are not meant to speak about care and generosity but rather as punishment. Shakespeare blends both the scriptural significance of blindness and the mythologica l symbolism to create two characters, Lear

The price elasticity of demand ad supply Free Essays

Introduction The rule of snap aid to understand how the market works. Elasticity varies among merchandises because some productsA may be more indispensable to the consumer. Merchandises that are necessities are more insensitive to monetary value alterations because consumers would go on purchasing these merchandises despite monetary value additions Conversely, a monetary value addition of a good or service that is considered less of a necessity will discourage more consumers because the chance cost of purchasing the merchandise will go excessively high. We will write a custom essay sample on The price elasticity of demand ad supply or any similar topic only for you Order Now Sometimes a concern demands to hold a good thought of what portion of a demand curve looks like if it is to do good determinations. Suppose you are the proprietor of Rick ‘s Pizza.You are sing raising the monetary values by 10 per centum, and you wonder how the consumers will respond and what will go on to the grosss? The reply depends on how consumers will react. Will they cut back purchases a small or a batch? ( Robert Schenk, 2007 ) . In my sentiment I think it ‘s really of import to find the monetary value snap of demand. It help us to understand the market more clearly and besides do more exactly and efficient pricing determinations in given clip of period. PRICE ELASTICITY OF DEMAND Price snap of demand measures the consequence of monetary value alterations onA measure demanded. Peoples will purchase more goods at a lower monetary values and purchase less goods at a higher monetary values. For illustration, people might purchase several braces or several bundles of socks on sale alternatively of merely a brace. A individual with a higher income is thought to hold higher monetary value snap, since he can afford to pass more. However, even a consumer with low monetary value snap is normally willing to pay higher monetary values if there is a high demand of goods. . ( Tricia Ellis-Christensen and O. Wallace, 2010 ) . Demand remains changeless in malice of high monetary values in the status of no replacement. It ‘s besides true for gasolene and H2O which have a few or no replacements. demand was therefore considered inelastic. Normally, competition in the market place keeps monetary values lower and more flexible. Generic equivalents of certain points have lowered the demand for trade name name points, therefore take downing their monetary value. . ( Tricia Ellis-Christensen and O. Wallace, 2010 ) . Elasticity of demand can be quantified and be illustrated in a expression: Elasticity of demand The more sensitive clients are to monetary value, the larger in the monetary value snap of demand. In other words, a larger monetary value snap of demand indicates a merchandise whose demand is more elastic. In the short term demand is normally more inelastic because it takes clip to happen options. The monetary value snap of demand will be used to cipher merchandising monetary value that maximizes the net incomes of the company. + Demand is elastic if a alteration in monetary value leads to a bigger % alteration in demand, the monetary value snap of demand will hence be greater than 1. The undermentioned features of goods which are elastic tend to hold They are luxury goods They are expensive and a large per centum of income.For illustration, athleticss autos and vacations Goods with many replacements and a really competitory market. For illustration if Simsbury ‘s put up the monetary value of its staff of life there are many options, so people would be really sensitive to the monetary value They are bought often + Demand is inelastic if a alteration in monetary value leads to a smaller % alteration in demand ; the monetary value snap of demand will hence be less than 1. Goods which are inelastic tend to hold some or all of the undermentioned characteristics: They have few or no close replacements, for illustration: gasoline, coffin nails. They are necessities They are habit-forming They cost a little per centum of income or are bought infrequently Demand is unitary elastic if a alteration in monetary value have no consequence to a alteration in demand ; the monetary value snap of demand will be 1. ( Tricia Ellis-Christensen and O. Wallace, 2010 ) . There are many factor act uponing the monetary value snap of demand: 1. Number of close replacements within the market: The more ( and nearer ) possible replacements available in the market the more elastic demand will be in response to a alteration in monetary value. In this instance, the permutation consequence will be rather strong. 2. Degree of luxuries or necessities: luxury goods and services tend to hold greater snap whereas necessities tend to be more inelastic. 3. Percentage of income spent on a good: merchandises necessitating a larger part of the consumer ‘s income tend to hold greater snap. 4. Habit organizing goods – Goods such as coffin nails and drugs tend to be inelastic in demand. They have habitually consumed and have a small consequence on the monetary value alterations. 5. Time period under consideration – Demand tends to be more elastic in the long tally because consumers have more clip to set their behaviour to the monetary value alterations ( 2007 ) . PRICE ELASTICITY OF SUPPLY Price snap of supply measures the consequence of monetary value alterations onA measure supplied. Peoples will offer more goods at a higher monetary values and offer more goods at a lower monetary values. The expression for the monetary value snap of supply is: Elasticity of supply = Percentage alteration in measure supplied / Percentage alteration in monetary value ( Mike Moffatt, 2009 ) . Factors that Affect Price Elasticity of Supply: + Spare production capacity If there is plentifulness of trim capacity so a concern should be able to increase its end product without a rise in costs and hence supply will be elastic in response to a alteration in demand. The supply of goods and services is frequently most elastic in a recession, when there is plentifulness of trim labor and capital resources available to step up end product as the economic system recovers. + Stocks of finished merchandises and constituents If stocks of natural stuffs and finished merchandises are at a high degree so a house is able to react to a alteration in demand rapidly by providing these stocks onto the market – supply will be elastic and frailty versa. + The easiness and cost of factor permutation If both capital and labour resources are occupationally nomadic so the snap of supply for a merchandise is higher than if capital and labor can non easy and rapidly be switched + Time period involved in the production procedure Supply is more monetary value elastic the longer the clip period that a house is allowed to set its production degrees ( 2007 ) . MARKETS AND ADJUSTMENT OVER TIME Price outlooks and guess: Look at two graphs above, we can see that monetary values ever change, they do non remain at the same. They can travel up or come down. Due to monetary values be given to alter in the hereafter, it will impact on the demand and supply now. For illustration, it is now, iPhone 3GS have merely look, you are believing of purchasing a new iPhone 3GS, you might to make up one’s mind to wait until the monetary value of iPhone 3GS autumn somewhat when iPhone 4G is sold on the market. On the other manus, if the monetary value of iPhone 3GS come down in the short tally, you might good purchase it now because they fear that the monetary value will hold gone up by so. When people believe that the monetary value will travel up, it causes them to purchase now, in contrast, when people believe that the monetary value will come down, it causes them to wait. For marketer, if they are believing of selling their stocks, while monetary values are falling, they will desire to sell it every bit sho rtly as possible. On the other manus, if monetary values are lifting bit by bit, they will desire to maintain it every bit long as possible in order to acquire the best monetary value. Thus a belief that the monetary value will travel up or come down will do people to sell or wait. Guess is the behaviour of looking into monetary value in the hereafter and impacting purchasing and merchandising determinations based on their expectancies. Guess is applied in many markets such as the stock exchange, the foreign exchange market, the gold market and the lodging market, ECT. Harmonizing to John Sloman, guess can either support to cut down monetary value fluctuations or do them acquire worse: it can be stabilising or destabilizing. Stabilizing guess: When providers and demanders believe that a alteration in monetary value occurs merely in short tally, guess wil tend to hold a stabilising consequence on monetary value fluctuations. For case, an addition in demand is the ground why monetary value rise. In the graph above, demand has shifted from D1 to D2. Equilibrium has moved from point a to B, monetary value has increased from P1 to P2. Peoples believe that monetary value will lift merely in impermanent, before monetary value autumn once more, providers bring their goods to market now. Therefore displacements from S1 to S2. In contrast, demanders will wait until monetary value does fall once more. Demand displacements from D2 to D3. The equilibrium moves to indicate degree Celsius, and monetary value falling to P3. ( Sloman 2007, p69 ) Destabilizing guess: When providers and demanders believe that a alteration in monetary value outlooks similar alterations to come, guess will be given to hold a destabilizing consequence on monetary value fluctuations. For illustration, an addition in demand is the ground why the monetary value does lift. In the graph, demand curve has moved from D1 to D2, monetary value has risen from P1 to P2. In this clip, monetary value have tend to lift, providers want to wait until the monetary value rise further. Therefore, supply moves from S1 to S2. In contrast with providers, demanders buy now before a rise in monetary value is higher. Demand move from D2 to D3 and monetary value rise to P3. ( Sloman 2007, p69 ) Market WHERE PRICES ARE CONTROLLED Equilibrium means a province carnival or a province of balance between market demand and supply. Without a alteration in demand and / or would supply no alteration in market value. In the diagram above, demand and supply at monetary value P1 is equal. At any monetary value above P1, supply exceeds demand and at a monetary value below P1, demand exceeded supply. In other words, the monetary value where supply and demand are out of balance points is called disequilibrium. ( Jacks, John,2007, p57 ) Changes in the conditions of demand or supply alterations on demand or supply curves. This will do alterations in the equilibrium monetary value and measure in the market Price floor is a legal lower limit on the monetary value at which a good can be sold. Price ceiling is a legal upper limit on the monetary value at which a good can be sold. Minimal Price ( Price floor ) : An uneffective monetary value floor, below equilibrium monetary value. A monetary value floor can be set above the free-market equilibrium monetary value. In the graph above, monetary value floor set below the free-market monetary value. In this instance, the floor has no practical consequence. The authorities has mandated a minimal monetary value, but the market already bears a higher monetary value. An effectual monetary value floor, doing a excess ( supply exceeds demand ) . Conversely, in the graph Monday, dashed green line represents a monetary value floor placed on the free market monetary value. In this instance, the floor monetary value is a mensurable impact on the market. It certain monetary values stay high for the merchandise can go on to be made. ( Jackson, John, 2007, p84 ) Consequence on the market A monetary value floor set above the equilibrium monetary value the market has some side effects. Consumers now find they must pay higher monetary values for the same merchandise. The consequence, they cut down their purchases or bead out of the market wholly. Meanwhile, sellers are certain to happen a new higher monetary value before they were charged. As a consequence, they increase production. Taken together, these effects mean there is now an extra supply ( known as a excess ) of the merchandise in the market. To keep the monetary value floor over the long term, the authorities may necessitate to take action to take it. Minimal pay A historical and current illustration of the floor monetary value is the minimal pay jurisprudence, the jurisprudence specifies the lowest rewards a company can pay an employee ( employees are providers of labour and company as a consumer ) . When the lower limit pay is set higher than the equilibrium market monetary value for unskilled labour, unemployment is created because many people are looking for occupations than there are occupations available. A minimal pay above the equilibrium pay will do employers hired fewer workers every bit good as doing more people to come in the labour market, ensuing in a excess in the sum of labour available. Workers a pay equilibrium will depend on the employee ‘s accomplishments with market conditions. ( Robert 2006, p262 ) For illustration: This is common in agribusiness. Often the authorities wants to keep high monetary values of agricultural trade goods to maintain a big figure of husbandmans working. To restrict redundancy, nevertheless, authoritiess frequently must pay some husbandmans non to works harvests, which may be known as a subsidy cheque. Maximal Price ( Price ceiling ) : A monetary value ceiling set below the market monetary value of freedom is more effectual. Suppliers find they can non be responsible for what they were. As a consequence, some providers drop out of the market. This decreased supply. Meanwhile, consumers find they can now purchase merchandises for less, so demand additions. Two causes of action exceed the supply demand, which causes a deficiency of distribution-unless the consumer or other controls are enforced. It can besides take to other signifiers of non monetary value competition to provide can run into demand. ( Jackson, John, 2007, p83 ) Reduced Quality To provide demand in lawful rates, the most obvious attack is lower cost. However, in most instances, lower costs mean lower quality. During World War II, for illustration, the nutrient operation by cut downing the size of the ceiling and used cheaper stuffs ( e.g. , fat, flour, etc. ) . It can besides be seen in the care of decrease of rent-controlled flat Some bookmans, nevertheless, suspect that one set monetary value ceilings drive quality down in instance of a monopoly. They argue that with few viing companies lower the ceiling, a company ‘s low-end market must happen ways to accomplish better quality without increasing cost. Black Market Goods purchased illicitly take one of two rates: They may be cheaper than the legal market. Suppliers do non hold to pay for production costs or revenue enhancements. This is normally the instance in the belowground economic system. Criminals to steal goods and sell them under the legal market monetary value, but no grosss, warrants, and so on. They may be more expensive than legal market monetary values. This merchandise is hard to obtain or bring forth, unsafe to manage or non easy available lawfully, if at all. If goods are illegal, such as certain drugs, their monetary values can be immensely higher production costs. Black markets can organize portion of the commercial boundary line near the boundary line of neighbouring legal powers surround control with small or negligible if there are different revenue enhancement rates, or in instances where goods are steps on one side of the boundary line but non on others. Merchandises like these are frequently smuggled, including intoxicant and baccy. However, all boundary line trade is non illegal. ( Jackson, John, 2007, p84 ) CAUSE THE REAL ESTATE MARKET OF VIET NAM As we know, each state ‘s population is increasing. In Viet Nam, the one-year population addition of about 1,1 million people. While land resources are limited. Therefore, the demand of existent estate market is increasing and people need to happen a comfy adjustment, modern substructure and peaceable life environment. This is chief ground to consequence of existent estate Market in Viet Nam. Typical is the cardinal issue of existent estate market in Ho Chi Minh metropolis and we are traveling to happen out the grounds. Price Expectation and Destabilizing guess The grounds stated on the description of the existent estate should be investors expect the monetary value is ever increasing in the hereafter so they want to wait the best monetary value and best net income. This is the ground to do of the febrility in existent estate from 2007 to 2009. What cause â€Å" Fever † There are three basic cause taking febrility in existent estate market. First, Viet Nam ‘s population increased about 1,1 million people and income of about people to high accelerated and to do demand of house to increase. Second, at the stock market. Stock monetary value Index after day of the month of 6 August 2007 was 883,9 point and to lift well over 1,100 point on 3 October 2007 so investors has boosted gross revenues and many investing financess have been net income for over a month. Then they were intended to travel capital investing into existent estate market. Last of all, lodging policies for abroad Vietnamese and aliens were committed more unfastened and about of Bankss create were chance of borrows in existent estate for investing. ( vnEconomy 2007 ) As a consequence, there were strong guesss for investing or provider in existent estate since 2007. â€Å" The fact that, land and house in urban countries like The Manor and Phu My Hung are lifting â€Å" febrility † and â€Å" combustion in † . Owner or investors, who still need a great bought. The individual who populating The Manor said, types of flats from 106-206 M2, invitees were wanted. This type of apartment sale monetary value had increased by 50 % -60 % up from 1000 USD/m2 to 1,650 USD/m2 † ( VnEconomy 2007 ) With the fact merely mentioned, the existent estate is ever unstable and tends to travel up strong demand and provide support to each other. Covering with uncertainly and hazard Because about of Banks have easy loans in existent estate from 2007 to 2008. Therefore, it made the State Bank of Viet Nam has issued directives 10259/ NHNN- CSTT to limited rising prices on the existent estate market and recognition loaners and get downing execution since 2008 ( sbv.gov. neodymium ) Furthermore, entire capital investing Bankss in existent estate in 2009, was about 166,500 billion VND to about 9, 10 billion USD ( 18,279 VND exchange rate/ USD ) Ho Chi Minh metropolis has approximately 51 % the belongings outstanding and Ha Noi capital has approximately 15 % .That is the grounds the authorities made the determination to cover with uncertainness and hazard when the existent estate is in the febrility period ( Doanh nhan 360, 2009 ) In we view of existent estate market is immense net income and market chance for participle investors. So it has created a moving ridge of guess and monetary value outlook of speculator. Besides that, the factors of population growing. There are easiness for Bankss ‘ loan in existent estate market and lodging policy for abroad Vietnamese and aliens have formed a new market supply and demand monetary value in the belongings market in Viet Nam today. Decision Elasticity refers to the reaction or response of the consumers to alter in monetary values of goods and services. Elasticity of demand besides may depend on the comparative alteration in measure and monetary value. Buyers may be given to cut down their purchases as monetary value additions, and tend to increase their purchases when monetary value lessenings. The alteration in monetary value is non the lone factor that may alter the reaction of consumers. The nature of the merchandise ( similarity to what he uses ) and the peculiar demands of the consumer ( whether of import or non ) may besides impact the alteration in the reaction or response of consumer. Demand may be elastic or inelastic. Demand is likely to be elastic when: privation is non pressing, close replacements are available, goods is lasting or repairable, goods has multiple utilizations. On the other manus, demand is likely to be inelastic when: privation is pressing, good replacements are unavailable, wanted jointly wi th some complementary point. ( Anna C. Bocar, 2008 ) The monetary value snap of supply reflects the jurisprudence of supply relation between monetary value and measure. An elastic supply means that the measure supplied is comparatively antiphonal to alterations in monetary value. An inelastic supply means that the measure supplied is non really antiphonal to alterations in monetary value. Harmonizing to the jurisprudence of supply, higher supply monetary values are related to larger measures supplied. As such, the numerator and denominator of this expression ever have the same marks — if one is positive, the other is besides positive. If the supply monetary value additions and the per centum alteration in monetary value is positive, so the measure supplied additions and the per centum alteration in measure supplied is besides positive. When calculated, the monetary value snap of supply, hence, is ever positive. There are four chief factors that influence the Foot: Spare production capacity, Stocks of finished merchandises and constituents, The easiness and cost of factor permutation, Time period involved in the production procedure. ( Pepijn van Eck, 2009 ) How to cite The price elasticity of demand ad supply, Essay examples