Ontario’s Forest Accord Essay Example for Free

Ontario’s Forest Accord Essay The Ontario Forest Accord is a sorted out understanding of woods industry agents, ecological network and the Ministry of Natural Resources which plans to make an adequate way to deal with build up parks and some secured regions yet not risking the necessities of the timberland business. The Accord is under enacted insurance likewise concerning the administration of secured zones with respect to its maintainability. Presently, they are right now executing â€Å"Room to Grow† strategy that progresses the wood creation that can be assigned to parks, ensured zones and woodland businesses. Since the Accord is focusing on natural excellence and manageability, they grabbed the eye of the voyagers which gave them the plan to truly place their work into great utilize and definitely improve the travel industry. The Accord has a colossal duty on their hands having twelve percent of the timberland and ensured regions for which they need to oversee. With their endeavors, the travel industry got progressively included and productiveâ€they have facilitated with the Accord coordinators to draw up certain approaches in which they can make the usage of the Accord increasingly acknowledged by general society. The â€Å"Room to Grow† strategy connected the two separate fields to inseparably help each other for supportability and improvement also. For preservation and assurance, Ecological Land Acquisition Program was propelled to ensure private land. This program is worried about the exchanges between the private part and the administration who needs to guarantee environmentally rich territory. Fundamentally, it was made to secure the territory of species and furthermore control organizations of gaining environmental grounds that may assist us with improving our characteristic assets. The Ontario Forest Accord resembles a tenacious police that continues checking the legislature and private segment in regards to their activities with common assets. Works Cited Ontario’s Forest. (2003). Manageability for Today and Tomorrow. Accessible on January 16, 2008 http://ontariosforests. mnr. gov. on. ca/spectrasites/web/ontarioforests/conservingprotecting. cfm

Union National Bank

Presentation Today’s business condition is trying to innovation guardians since they need to create data frameworks that can successfully oversee unpredictable progression of huge volumes of information (Fox Do 2013, pp. 739-760). Diminishing the expense of overseeing data and guaranteeing information security are likewise huge difficulties that innovation watchmen need to ponder (Marthandan Tang 2010, pp. 37-55). Different difficulties that face innovation guardians are summed up in figure 3.Advertising We will compose a custom paper test on Union National Bank explicitly for you for just $16.05 $11/page Learn More This report will examine the methodologies that can be utilized to create Union National Bank’s data framework to misuse the capability of enormous information. Association National Bank (UNB) is a moderate size business bank that works in the UAE. The bank was established in 1982 in the UAE where its base camp are found (UNB 2014). UNB is an open organizati on that is claimed by the legislatures of two emirates in particular, Abu Dhabi and Dubai. The bank’s items incorporate reserve funds, credit, and venture services. Big information alludes to the â€Å"exponential development and accessibility of organized and unstructured data† (Zikopoulos Eaton 2011, p. 6). Enormous information is related with four attributes in particular, volume, speed, assortment, and changeability. Volume alludes to the way that huge information is created from a few sources, which incorporate online life, sensors, and exchange databases among others. The information regularly streams in at a remarkable speed. Huge information is additionally connected with inconstancy in streams since information from different sources is frequently produced in a conflicting way (Marz Warren 2014, p. 15). Abusing enormous information can assist an organization with deepening client commitment, improve tasks, forestall extortion, and grow new income streams. UN B can understand these advantages in the event that it coordinates enormous information into its tasks emotionally supportive networks (OSS). OSS alludes to a PC based data framework that empowers directors to oversee different business forms successfully and effectively (Clarke 2012, p. 67). Along these lines, the execution of enormous information will be examined with regards to OSS. Examination Challenges Union National Bank faces the accompanying difficulties, which warrant appropriation of enormous information. In the first place, the bank is as of now on a development direction, which is described by fast market extension. Right now, the bank has just 68 branches in the UAE, which it expects to twofold in the following five years by joining new markets in the Gulf Cooperation Council district (UNB 2014). Be that as it may, the test to this extension plan is that the bank comes up short on the ability to accomplish an elevated level of client centricity so as to pull in custome rs in new markets. This test is credited to the way that the bank scarcely investigations its customers’ information, for example, their internet based life exercises. Subsequently, the bank comes up short on a satisfactory comprehension of the necessities of its customers.Advertising Looking for paper on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More The bank can conquer this test by utilizing huge information innovations to recover and break down the enormous volume of information available to its (Lemieux, Gormly Rowledge 2014, pp. 122-141). Second, the bank stores client information in various databases that are utilized by frameworks that perform explicit capacities, for example, client relationship the executives (CRM) and checking advance adjusting (UNB 2014). This forestalls mix of information to increase an unmistakable 360-degrees point of view about customers’ needs. Subsequently, the bank needs large information investigation advancements that will coordinate its databases and encourage consistent examination of client data. Third, the organization does not have a key concentration to use the capability of its OSS. Compelling administration of information requires cutting edge innovations that encourage capacity, association, and recovery of enormous volumes of information (McDonald Leveille 2014, pp. 99-121). Notwithstanding, the bank despite everything utilizes an obsolete OSS that can just encourage investigation of static and memorable information. In this regard, large information innovations will assist the organization with mining noteworthy and new information in a close to ongoing way. Fourth, Union National Bank does not have a viable information the board structure. This test is exacerbated by the way that the organization utilizes specially appointed investigation apparatuses that depend on the experience of its representatives in information exam ination (UNB 2014). Thus, the result of information examination barely gives satisfactory bits of knowledge that are expected to settle on successful choices. Thusly, the bank needs to receive â€Å"more progressed examination strategies, for example, prescient and prescriptive investigation that encourage exact displaying of client behavior† (Capgemini 2014, pp. 2-15). The bank can get to these procedures by receiving huge information investigation. Change The principle partners who will be influenced by large information at Union National Bank incorporate the representatives, the administration, and clients. Representatives will be influenced in the accompanying manners. In any case, workers should experience thorough preparing so as to utilize large information successfully. Associations can utilize enormous information adequately just on the off chance that they have information researchers who have progressed quantitative aptitudes (Zikopoulos Eaton 2011, p. 78). Nonethe less, the gracefully of information researchers is exceptionally low, though the interest for their abilities is consistently increasing.Advertising We will compose a custom exposition test on Union National Bank explicitly for you for just $16.05 $11/page Learn More For example, about 4,000,000 information researchers will be required all inclusive by 2015. Be that as it may, just a single third of the interest will be met because of the lack of information researchers (Zikopoulos Eaton 2011, p. 81). This implies Union National Bank will have no real option except to prepare its own information researchers to execute and utilize enormous information examination. Aside from improving employees’ aptitudes, actualizing huge information investigation is probably going to change staff resolve (Schroeck, Shockley Tufano 2013, pp. 3-20). For example, improved administration and examination of information is probably going to support the exhibition of representatives. This will prom pt improved assurance. The fundamental impact on clients will be improved help quality. Just 37% of clients in the financial business accept that banks have sufficient information about their needs as appeared in figure 1 (Capgemini 2014, pp. 2-15). In addition, just 43% of clients are fulfilled by the conveyance channels that are utilized by banks as showed in figure 2 (Capgemini 2014, pp. 2-15). Over 70% of administrators in the worldwide financial industry accept that enormous information examination can assist them with improving help quality by developing their comprehension of client needs. In this regard, the bits of knowledge acquired from huge information are required to assist the organization with aligning its administrations to customers’ desires. Given these impacts, the accomplishment of huge information at the bank can be improved by teaming up with different partners as follows. Initially, the showcasing administrators and tasks directors ought to work togethe r with the providers of the enormous information investigation framework during the improvement stage. This will guarantee that the framework is fit for examining all the exhibition pointers that advertisers and tasks chiefs hope to quantify. Second, the administration and all workers ought to be educated about the capacity and anticipated that results of the framework should forestall opposition during the usage stage. At long last, clients ought to be guaranteed that the security of their information/data will be kept up. This will urge â€Å"customers to give the data that is essential for the effective execution of huge data† (DATASTAX 2013, pp. 3-15).Advertising Searching for paper on business financial aspects? How about we check whether we can support you! Get your first paper with 15% OFF Find out More Worth/Benefits of Big Data Big information will profit Union National Bank in the accompanying manners. To begin with, it will permit the bank to boost its lead age and procurement of new clients. The US Bank is one of the organizations that have expanded their client base by misusing the capability of enormous information. The bank utilized â€Å"big information investigation to incorporate information from its on the web and disconnected dispersion channels to increase an away from of its clients† (Capgemini 2014, pp. 2-15). This aided the company’s deals group to recognize and contact potential customers. Subsequently, US Bank’s lead change rate expanded by 100% (Capgemini 2014, pp. 2-15). This implies Union National Bank can utilize large information to create significant leads that will in the long run transform into real deals. Second, huge information examination will assist the keep money with improving its credit chance evaluation. As of now, the bank is utilizing the FICO scores that assess credit value by considering just the customer’s money related history. Large information examination will permit the â€Å"company to lead an increasingly far reaching credit hazard appraisal by considering extra factors, for example, customers’ segment, business, and behaviors† (Ohlhorst 2012, p. 88). Thus, the bank will lessen its degree of non-performing advances by propelling credit just to clients who are equipped for reimbursing their loans. Third large information will encourage successful market division. Huge information encourages coordination of information concerning â€Å"past purchasing conduct, socioeconomics, and slants from internet based life with CRM data† (Capgemini 2014, pp. 2-15). This aides in picking up experiences concerning customers’ inclinations, which thusly encourages advertise division. Without a doubt, viable division will encourage strategically pitching and up-selling, just as, progress in client commitment and reliability. At last, successful division will improve the bank’s deals. In addition, the r

Law of Su??l? ?nd D?m?nd D?finiti?n, Ex?l?in?d, Ex?m?l??

Law of Su??l? ?nd D?m?nd D?finiti?n, Ex?l?in?d, Ex?m?l?? Th? ?rin?i?l? ?f ?u??l? ?nd d?m?nd is one ?f th? m??t im??rt?nt ??n???t? in microeconomics. It h?l?? u? und?r?t?nd h?w ?nd wh? tr?n???ti?n? ?n m?rk?t? take ?l??? ?nd h?w ?ri??? are d?t?rmin?d.We have ?ll b??n in that ?itu?ti?n wh?r? th?r? i?n’t ?n?ugh ?f the product w? w?nt t? bu? in th? m?rk?t ?u?h that the ?ri?? in?r????? ?nd only th??? with more m?n?? can ?ff?rd to bu? th?m.T?k? f?r example, ?n ?u?ti?n, where too m?n? ????l? ?r? bidding for ?n antique product th?t is limit?d in numb?r ?? ??????d t? ?itu?ti?n? wh?r? there are just t?? many g??ds, but too f?w bu??rs.T?k? f?r example, th??? tim?? wh?n g?? w?? cheap because ?v?r? g?? ?t?ti?n h?d gas ?nd inother to ??ll, th?? h?d t? lower th? ?ri?? a bit in ?th?r to ??m??l customers to buy from them r?th?r th?n th? ??m??tit?r.All these ??n b? ?x?l?in?d by th? forces ?f d?m?nd and supply.Basically, wh?n a l?t ?f ????l? want a ?r?du?t that i? limit?d in supply, the ?ri?? goes u? as ??????d to when th?r? i? t?? mu?h of that ?r?du?t in t he m?rk?t th?t ??u??? sellers t? l?w?r th? price in ?th?r t? sell.Economics i? a ?tud? ?f market th?t comprises a group ?f buyers ?nd ??ll?r? of a particular ?r?du?t or ??rvi??.The w?rking? ?f th? m?rk?t ???t?m are governed b? th??? two f?r???, demand and ?u??l?.Th??? tw? f?r??? ?l?? a ?ru?i?l r?l? in d?t?rmining the ?ri?? of a ?r?du?t ?nd ?iz? of th? m?rk?t.“Th? demand f?r g??d? i? a ??h?dul? ?f th? ?m?unt? th?t buyers would be willing t? ?ur?h??? ?t ?ll possible prices at ?n? ?n? in?t?nt of tim?” Pr?f Mayers Demand r?f?r? to the willingness ?r ?bilit? of a bu??r t? ??? f?r a ??rti?ul?r ?r?du?t.In ?th?r w?rd? demand ??n be defined ?? th? ?u?ntit? of a ?r?du?t that a buyer desires t? purchase ?t a ????ifi? price and tim? ??ri?d.The d?m?nd f?r a product i? influ?n??d b? a number ?f f??t?r?, ?u?h ?? ?ri?? ?f th? product, ?h?ng? in customers’ ?r?f?r?n???, ?nd ?t?nd?rd ?f living.I? d?m?nd the ??m? ?? ?u?ntit? d?m?nd?d?In ???n?mi? t?rmin?l?g?, d?m?nd i? n?t th? same ?? quantity d? m?nd?d. When ???n?mi?t? t?lk ?b?ut d?m?nd, th?? m??n th? r?l?ti?n?hi? b?tw??n a range ?f ?ri??? ?nd the ?u?ntiti?? d?m?nd?d ?t th??? ?ri???, ?? illustrated by a d?m?nd ?urv? ?r a d?m?nd ??h?dul?. When ???n?mi?t? talk ?b?ut ?u?ntit? demanded, they m??n ?nl? a certain ??int ?n th? d?m?nd ?urv?, ?r ?n? quantity ?n th? d?m?nd ??h?dul?. In short, d?m?nd refers t? th? ?urv? ?nd ?u?ntit? demanded r?f?r? t? the (????ifi?) ??int on the curve.Th? d?m?nd f?r a ?r?du?t in th? market i? g?v?rn?d by th? law of d?m?nd, which states th?t th? demand f?r a product decreases with in?r???? in it? ?ri??? ?nd vi?? v?r??, whil? other f??t?r? r?m?in ??n?t?nt (All thing? being ??u?l).In th? market system, bu??r? constitute the d?m?nd f?r a ?r?du?t, whil? sellers r??r???nt th? supply ?id? of th? product in th? m?rk?t.Su??l? r?f?r? t? th? quantity ?f a ?r?du?t th?t a seller ?gr??? t? ??ll in the market ?t a particular price within a ????ifi? ??int ?f time.Th?r? ?r? various d?t?rmin?nt? ?f ?u??l?, in?luding pr ice ?f a ?r?du?t, ???t ?f ?r?du?ti?n, g?v?rnm?nt policies, ?nd t??hn?l?g?.Unlik? d?m?nd, the l?w ?f ?u??l? ?x?r????? the direct r?l?ti?n?hi? b?tw??n th? ?u??l? ?nd ?ri?? ?f a ?r?du?t, while ?th?r f??t?r? remain the ??m?.In ?im?l? w?rd?, th? law of ?u??l? ?t?t?? the ?u??l? of a product in?r????? with in?r???? in its ?ri?? ?th?r f??t?r? ?t constant.I? ?u??l? th? ??m? as ?u?ntit? ?u??li?d?In ???n?mi? terminology, ?u??l? is not th? same as ?u?ntit? ?u??li?d. Wh?n economists r?f?r to ?u??l?, they m??n the relationship b?tw??n a r?ng? of prices and the ?u?ntiti?? supplied ?t th??? ?ri???, a r?l?ti?n?hi? th?t ??n b? illu?tr?t?d with a ?u??l? ?urv? ?r a ?u??l? schedule. When economists r?f?r to ?u?ntit? ?u??li?d, they m??n ?nl? a ??rt?in ??int on th? supply ?urv?, or one quantity ?n th? ?u??l? ??h?dul?. In short, ?u??l? r?f?r? t? the ?urv? ?nd ?u?ntit? ?u??li?d r?f?r? t? th? (????ifi?) ??int ?n the ?urv?.Th? int?r??ti?n b?tw??n demand ?nd supply helps in d?t?rmining th? m?rk?t ??uilibrium ? ri?? ?f a product.E?uilibrium ?ri?? r?f?r? to th? price wh?r? the ?u?ntit? demanded of a product b? buyers i? ??u?l t? th? quantity supplied b? sellers.In other words, equilibrium ?ri?? i? a ?ri?? wh?n th?r? i? a b?l?n?? between m?rk?t demand ?nd supply.The ??uilibrium ?ri?? ?f a product ??n ?h?ng? du? to v?ri?u? ??nditi?n?, ?u?h ?? reduction in cost of ?r?du?ti?n, fall in th? price ?f substitutes, ?nd unf?v?r?bl? climatic conditions. C?n?um?r?In this ????, ??n?um?r? are all th? economic units th?t ?r? ??t?nti?ll? willing to bu? a ??rt?in g??d ?r ??rvi??.Th? ??tu?l demand f?r said g??d or ??rvi?? depends ?n diff?r?nt v?ri?bl??.For n?w w? will focus only on th? most im??rt?nt one, th? ?ri??. F?r most g??d? and ??rvi??? w? ??n ??? th?t demand will in?r???? as th? ?ri?? f?ll? ?nd vi?? v?r??.Thi? ??tu?ll? seems pretty ?bvi?u?: Ju?t think ?b?ut h?w many ????l? w?uld bu? a Ferrari if th?? w?r? not th?t ?x??n?iv?.ProducersProducers ?n the other h?nd are th? ones th?t ?r? ??t?nti?ll? willin g t? produce ?nd sell a ??rt?in g??d ?r ??rvi??.Th? ??tu?l ?u??l? again d???nd? on multiple v?ri?bl??, ??t ?? w? did before w? will focus only ?n th? ?ri?? for n?w. For m??t g??d? ?nd ??rvi??? thi? im?li?? that supply will decrease ?? the ?ri?? falls ?nd vi?? versa.Ag?in th? r????ning b?hind thi? i? r?th?r simple: If you w?r? to ??ll ice ?r??m ??u w?uld ?r?b?bl? try ?nd sell ?? much ?? ??u could if prices w?r? high, b???u?? you ??uld m?k? a good ?r?fit.H?w?v?r, if ?ri??? were t? fall (m??b? ?v?n b???nd ??ur ?r?du?ti?n cost) it w?uld not be ?r?fit?bl? to ??ll ice cream anymore ?nd you would ?r?du?? l???.S?m? ?f the m?n?g?m?nt ?x??rt? h?v? d?fin?d d?m?nd in th? f?ll?wing w???:A???rding t? Pr?f. B?nh?m,“Th? d?m?nd for ?n?thing, at a giv?n ?ri?? i? the ?m?unt ?f it whi?h will b? b?ught ??r unit of time at th? ?ri??.”A???rding to Prof Hibd?n,“D?m?nd m??n? th? v?ri?u? quantities ?f goods that w?uld b? purchased per time period at diff?r?nt prices in a giv?n m?rk?t.”From the ?f?r?m ?nti?n?d definitions, it ??n b? concluded th?t d?m?nd implies a d??ir? supported by an ?bilit? ?nd willingness ?f ?n individu?l to ??? f?r a ??rti?ul?r product.If ?n individual does n?t h?v? sufficient r???ur??? ?r ?ur?h??ing ??w?r t? buy a ??rti?ul?r ?r?du?t, th?n hi?/h?r d??ir? ?l?n? w?uld n?t b? r?g?rd?d ?? demand.For instance, if an individu?l desires t? ?ur?h??? a ?riv?t? j?t ?nd d??? not h?v? ?d??u?t? ?m?unt ?f money t? purchase that j?t, his/her d??ir? i? not ??n?id?r?d as demand f?r a ?riv?t? j?t, r?th?r it i? considered as wi?hful thinking or d?? dr??ming whi?h has n?thing t? d? with economics.Al??, if ?n ?fflu?nt individu?l d??ir?? to purchase a ?riv?t? j?t, but d??? not have willingn??? to ???nd th? m?n?? t? purchase th?t ?riv?t? j?t, th?n hi?/h?r d??ir? i? ?l?? not considered ?? d?m?nd b???u?? he d??? h?v? th? m?n?? but he doesn’t w?nt t? ???nd it.Th?r?f?r?, we ??n say that effective d?m?nd is th? d??ir? backed b? the ?ur?h??ing power ?nd willingn??? of ?n individu?l t ? ??? for a ??rti?ul?r product.An ?ff??tiv? d?m?nd h?? three ?h?r??t?ri?ti?? n?m?l?, d??ir?, willingness, and ?bilit? ?f ?n individu?l to ??? for a ?r?du?t.Th?r?f?r?, d?m?nd for a ?riv?t? j?t ??n ?nl? be ??n?id?r?d as d?m?nd if an ?fflu?nt m?n w?nt? t? bu? a j?t ?nd i? r??d? ?nd willing to spend hi? or h?r m?n?? buying it.Th? d?m?nd for a product i? ?lw??? d?fin?d in r?f?r?n?? to thr?? k?? f??t?r?, ?ri??, time, ?nd m?rk?t ?l???.These thr?? factors contribute a major ??rt in und?r?t?nding the ??n???t ?f demand. The omission of ?n? of th??? factors w?uld m?k? th? ??n???t ?f d?m?nd meaningless ?nd v?gu?.F?r ?x?m?l?, the ?t?t?m?nt, “th? demand for a milk product i? 200”. N?ith?r ??nv??? ?n? m??ning, nor d??? h?v? ?n? use f?r ???n?mi? analysis or bu?in??? d??i?i?n m?king.On th? ?th?r h?nd, the ?t?t?m?nt, “th? d?m?nd f?r milk i? 100 lit?r? ??r d?? ?t a ?ri?? of $4 ??r lit?r in N?w Y?rk Cit?.” provides a clear und?r?t?nding ?f d?m?nd. Supply and demand curves  Source: Macroeconomics in C?nt?xt, First Editi?n b? N?v? G. ?t ?l (M.E. Sh?r??, 2008)Ex???ti?n? t? th? l?w ?f ?u??l? ?nd demandHousing ?nd h??lth ??r? ?r? tw? ?x?m?l?? ?f h?w th? law ?f ?u??l? ?nd d?m?nd does n?t ?lw??? work th? w?? the t?xtb??k? say it should.H?r?? how this l?w is ?u?????d t? fun?ti?n: Wh?n th? demand f?r a g??d ?r service rises, th? fir?t thing that happens i? th?t ?ri??? go u?. This i? b???u??, f?r the m?m?nt, ?t l???t, demand ?x???d? ?u??l?, ?utting ??ll?r? in a ???iti?n t? r?i?? their prices so th?? can earn m?r? d?ll?r? per unit ??ld.However, th? more ?ri??? rise, the more g??d? ?r ??rvi??? will b? ?ff?r?d to bu??r?, since it is obviously m?r? ?r?fit?bl? t? so do. A? a result, n?t ?nl? will ??ll?r? ?r?fit? per unit go u?, ?ut?ut will ?l?? g? u? their ?v?r?ll earnings will, t??.A? th? ?u??l? ?f these g??d? ?nd ??rvi??? ri??? in r????n?? to th??? higher ?ri???, it ?ut? downward ?r???ur? on ?ri???, ?in?? supplies ?t?rt t? ?x???d d?m?nd. Ev?ntu?ll?, th??? ?ri??? come d?wn to a l?v?l that ?l??r? the market ?t th? new high?r level ?f demand ?nd ?v?r?thing i? ??????ti?.In th? ???? ?f h?u?ing ?nd health care, h?w?v?r, th? law ?f ?u??l? and demand does n?t ???r?t? quite as ?m??thl?. As a ??n???u?n??, th?r?? little t? restrain prices fr?m rising in these tw? key ???t?r? of ?ur economy.Th? r?t? ?f infl?ti?n in both sectors has historically b??n w?ll ?b?v? the ???? of ?ri?? hikes ?f just ?b?ut ?v?r?thing ?l?? in the consumers m?rk?t b??k?t because in b?th ?????, higher ?ri??? r??ulting fr?m ri?ing d?m?nd h?? not ?ui?kl? br?ught f?rth m?r? ?u??li??. This i? due t? th? unusual nature ?f these indu?tri??.In th? ???? ?f h??lth ??r?, ?? ??u can im?gin?, it t?k?? years t? gr?du?t? n?w d??t?r?, build new h???it?l?, ?r d?v?l?? new drug?. Thi? is tru? n? matter how fast ?ri??? ri??.Wh?n it ??m?? t? housing, it t?k?? a whil? b?f?r? build?r? ??n ?ut t?g?th?r a ??r??l ?f l?nd, ???ur? th? necessary building ??rmit?, ????mbl? constructi on ?r?w? ?nd ?ur?h??? needed building ?u??li??.And this i? f?r new homes, which ????unt f?r ?nl? ?b?ut ?n? out ?f ?v?r? ?ix homes sold in th? U.S.Exi?ting h?m?? t?k? ?v?n l?ng?r to respond to ri?ing ?ri???, ?in?? th? decision t? ??ll ?n?? h?m? tends to be b???d more on ?u?h f??t?r? ?? job ?h?ng??, desires f?r a n?w lifestyle, divorce or death.Sim?l? put, people ?r? n?t g?ing to ?ut their homes ?n th? m?rk?t ju?t b???u?? it? w?rth m?r?, ?in?? th?? need a ?l??? to liv? (?lth?ugh, ?? w? ?ll know b? now, they h?v? l??rn?d t? t?? thi? in?r????d v?lu? vi? a h?m?-??uit? l??n).A? a result, ?ri??? of b?th h?u?ing ?nd h??lth care tend rise quickly wh?n d?m?nd picks up, ?nd th?? r?m?in high ?v?n ?ft?r ?u??li?? ?v?ntu?ll? expand.But th?r?? ?n? k?? diff?r?n?? b?tw??n h?u?ing ?nd h??lth care, when it comes t? r????nding t? the l?w of ?u??l? and demand.A? we h?v? b??n ???ing f?r th? past ??u?l? ?f ???r?, it i? ????ibl? f?r th? ?u??l? ?f housing t? ?v?r?h??t the demand. S? f?r, w? have not h?d ?u?h a d?v?l??m?nt ???ur in h??lth care. Th?t? wh? h?u?ing ?ri??? ?r? f?lling t?d?? whil? h??lth ??r? costs continue t? ???r.SHIFTS IN DEMAND AND SUPPLY FOR GOODS AND SERVICES Pri?? i? n?t th? only thing that influ?n??? d?m?nd. Nor i? it the ?nl? thing th?t influ?n??? ?u??l?.F?r ?x?m?l?, h?w i? d?m?nd f?r v?g?t?ri?n food affected if, ???, h??lth concerns cause more ??n?um?r? t? avoid ??ting m??t?Or h?w i? th? ?u??l? ?f di?m?nd? ?ff??t?d if di?m?nd producers di???v?r ??v?r?l n?w di?m?nd mines?Wh?t ?r? th? m?j?r f??t?r?, in ?dditi?n t? th? ?ri??, th?t influ?n?? d?m?nd ?r supply?What F??t?r? Aff??t D?m?nd?W? defined d?m?nd ?? the amount of ??m? ?r?du?t a ??n?um?r i? willing and able t? ?ur?h??? ?t ???h price.Th?t ?ugg??t? at l???t tw? f??t?r? in ?dditi?n to ?ri?? th?t ?ff??t demand. Willingn??? t? ?ur?h??? ?ugg??t? a d??ir?, b???d ?n what economists call t??t?? ?nd preferences.If you n?ith?r n??d n?r w?nt ??m?thing, you will not buy it.Ability to ?ur?h??? suggests th?t in??m? i? im??rt?nt. Professors ?r? u?u?ll? ?bl? t? ?ff?rd b?tt?r h?u?ing ?nd transportation th?n students, because th?? have m?r? in??m?. Pri??? of related goods can ?ff??t d?m?nd ?l??.If ??u n??d a n?w ??r, th? ?ri?? ?f a H?nd? m?? ?ff??t your d?m?nd for a Ford. Fin?ll?, th? ?iz? ?r ??m???iti?n ?f th? ???ul?ti?n ??n affect d?m?nd. Th? m?r? children a f?mil? h??, th? gr??t?r th?ir demand f?r clothing. Th? m?r? driving-?g? children a f?mil? h??, th? gr??t?r th?ir d?m?nd f?r ??r insurance, and th? less for diapers and b?b? f?rmul?.Th??? factors m?tt?r b?th for d?m?nd b? an individual ?nd demand by th? m?rk?t as a wh?l?. Exactly h?w do th??? v?ri?u? f??t?r? affect d?m?nd, ?nd h?w d? w? show the effects graphically?To ?n?w?r th??? questions, we n??d th? ??t?ri? ??ribu? ???um?ti?n.The C?t?ri? Paribus A??um?ti?nA d?m?nd ?urv? ?r a ?u??l? ?urv? i? a r?l?ti?n?hi? between tw?, ?nd only two, v?ri?bl??: ?u?ntit? ?n th? h?riz?nt?l ?xi? ?nd ?ri?? ?n th? vertical ?xi?.Th? assumption behind a demand ?urv? ?r a suppl y curve i? th?t n? r?l?v?nt ???n?mi? f??t?r?, other th?n th? ?r?du?t’? ?ri??, ?r? changing.E??n?mi?t? ??ll thi? assumption ??t?ri? ??ribu?, a L?tin phrase m??ning “?th?r things being ??u?l.”An? giv?n demand ?r supply ?urv? i? based ?n the ceteris ??ribu? ???um?ti?n that ?ll else i? held ??u?l.A demand ?urv? or a ?u??l? ?urv? is a r?l?ti?n?hi? b?tw??n two, and only tw?, v?ri?bl?? wh?n ?ll ?th?r v?ri?bl?? ?r? k??t ??n?t?nt. If ?ll ?l?? i? n?t h?ld equal, then the l?w? of ?u??l? ?nd d?m?nd will not n??????ril? h?ld.Oth?r f??t?r? That Influence th? D?m?nd ?f G??d? and ServicesTh? d?m?nd ?h?ng?? ?? a result ?f ?h?ng?? in ?ri??, ?th?r f??t?r? d?t?rmining it b?ing h?ld ??n?t?nt. W? ?h?ll explain below in detail h?w th??? other f??t?r? d?t?rmin? market demand for a ??mm?dit?.Th??? other f??t?r? d?t?rmin? th? position or l?v?l of demand ?urv? ?f a ??mm?dit?.It may b? n?t?d th?t wh?n th?r? i? a change in th??? non-price f??t?r?, the whole curve ?hift? rightward ?r l?ftw?rd ?? the ???? m ?? b?.The f?ll?wing f??t?r? d?t?rmin? m?rk?t d?m?nd for a ??mm?dit?.i. T??t?? ?nd Preferences ?f the ConsumersAn important f??t?r which d?t?rmin?? th? demand f?r a good is the t??t?? and ?r?f?r?n??? of the consumers f?r it.A g??d for which ??n?um?r?’ t??t?? ?nd preferences are greater, its d?m?nd w?uld b? l?rg? ?nd it? demand ?urv? will therefore li? ?t a higher l?v?l. People’s t??t?? ?nd preferences for v?ri?u? g??d? often ?h?ng? ?nd ?? a r??ult there i? ?h?ng? in d?m?nd f?r th?m.Th? changes in d?m?nd f?r various g??d? ???ur du? t? th? ?h?ng?? in f??hi?n and also due to the pressure ?f ?dv?rti??m?nt? b? the m?nuf??tur?r? ?nd sellers ?f diff?r?nt ?r?du?t?.On th? ??ntr?r?, wh?n ??rt?in g??d? go out of f??hi?n ?r ????l?’? t??t?? ?nd ?r?f?r?n??? n? l?ng?r r?m?in favourable to th?m, th? d?m?nd f?r th?m decreases.ii. Income ?f th? P???l?The d?m?nd f?r goods ?l?? d???nd? u??n th? incomes of the ????l?. Th? greater th? incomes ?f th? ????l?, th? greater will b? th?ir demand for g??d? .In dr?wing th? d?m?nd ??h?dul? ?r th? d?m?nd ?urv? f?r a good w? t?k? in??m? ?f th? ????l? as given and ??n?t?nt.Wh?n ?? a result ?f the rise in the in??m? ?f the ????l?, th? d?m?nd increases, th? wh?l? of the d?m?nd ?urv? ?hift? u?w?rd ?nd vice versa.The gr??t?r income means th? gr??t?r ?ur?h??ing power. Therefore, when in??m?? ?f th? ????l? increase, th?? ??n afford to bu? more. It is b???u?? ?f thi? r????n th?t in?r???? in in??m? has a ???itiv? ?ff??t on th? demand f?r a good.Wh?n the incomes ?f th? people f?ll, they w?uld demand l??? ?f a good ?nd ?? a r??ult th? d?m?nd ?urv? will shift d?wnw?rd.F?r in?t?n??, as a r??ult of ???n?mi? gr?wth in Indi? th? incomes ?f th? people h?v? greatly increased owing to the l?rg? inv??tm?nt ?x??nditur? ?n th? d?v?l??m?nt ??h?m?? by th? Government ?nd th? ?riv?t? ???t?r.As a r??ult ?f thi? in?r???? in incomes, th? d?m?nd f?r good grains ?nd ?th?r consumer g??d? h?? gr??tl? in?r????d.Likewise, wh?n b???u?? ?f dr?ught in a ???r the ?gri?ultur? p roduction gr??tl? falls, th? in??m?? ?f th? farmers decline.A? a result ?f th? d??lin? in incomes ?f th? f?rm?r?, th?? will demand l??? ?f the ??tt?n ?l?th ?nd ?th?r m?nuf??tur?d ?r?du?t?.iii. Changes in Pri??? ?f the R?l?t?d G??d?Th? d?m?nd f?r a g??d is ?l?? ?ff??t?d b? th? ?ri??? ?f ?th?r goods, especially those whi?h ?r? related t? it as substitutes ?r ??m?l?m?nt?.When we dr?w th? d?m?nd schedule ?r the demand curve for a good w? t?k? th? ?ri??? of th? related goods ?? r?m?ining constant.Th?r?f?r?, wh?n the ?ri??? of the related goods, substitutes ?r ??m?l?m?nt?, ?h?ng?, th? wh?l? d?m?nd curve would change its ???iti?n; it will ?hift u?w?rd ?r d?wnw?rd ?? th? ???? m?? b?.When the ?ri?? ?f a substitute f?r a g??d f?ll?, th? d?m?nd f?r th?t good will d??lin? ?nd when th? price ?f the substitute ri???, th? demand for th?t good will in?r????.F?r ?x?m?l?, wh?n price ?f tea ?nd in??m?? ?f the ????l? remain the ??m? but the ?ri?? of coffee f?ll?, the ??n?um?r? w?uld demand l??? ?f t?? than before. Tea ?nd ??ff?? ?r? v?r? ?l??? ?ub?titut??.Th?r?f?r?, wh?n ??ff?? b???m?? ?h????r, th? ??n?um?r? substitute ??ff?? for t?? ?nd ?? a result the d?m?nd f?r t?? d??lin??. For g??d? whi?h are complementary with each other, a fall in th? ?ri?? of ?n? ?f them w?uld f?v?r?bl? ?ff??t the d?m?nd f?r th? ?th?r.F?r instance, if price ?f milk falls, th? d?m?nd for ?ug?r w?uld ?l?? b? f?v?r?bl? affected. Wh?n people would t?k? more milk, th? d?m?nd f?r ?ug?r will ?l?? in?r????. Lik?wi??, when the ?ri?? of cars falls, th? ?u?ntit? d?m?nd?d ?f them would in?r???? whi?h in turn will in?r???? the demand f?r ??tr?l.iv. Advertisement ExpenditureAdvertisement expenditure m?d? b? a firm t? ?r?m?t? th? ??l?? of it? product i? ?n im??rt?nt f??t?r d?t?rmining demand for a ?r?du?t, especially ?f th? ?r?du?t ?f th? firm which gives advertisements.Th? ?ur???? ?f advertisement i? to influence the ??n?um?r? in favour ?f a product. Adv?rti??m?nt? ?r? given in v?ri?u? m?di? such ?? n?w?????r?, radio, ?nd television.Adv?rti??m?nt? for g??d? ?r? repeated ??v?r?l tim?? ?? that consumers ?r? ??nvin??d ?b?ut their superior quality.When ?dv?rti??m?nt? prove ?u?????ful th?? ??u?? an in?r???? in th? demand f?r the ?r?du?t.v. Th? Number ?f C?n?um?r? in th? M?rk?tTh? m?rk?t demand f?r a commodity is obtained b? ?dding u? th? individu?l d?m?nd? ?f th? present ?? well as ?r?????tiv? ??n?um?r? ?f a g??d at v?ri?u? possible ?ri???. The gr??t?r th? numb?r ?f consumers of a g??d, th? gr??t?r the m?rk?t demand f?r it.N?w, th? question arises ?n what f??t?r? th? numb?r of ??n?um?r? f?r a g??d d???nd?. If th? ??n?um?r? ?ub?titut? ?n? good f?r ?n?th?r, th?n the number of ??n?um?r? f?r th? g??d whi?h h?? been substituted b? the other will d??lin? ?nd f?r the g??d which h?? been u??d in place of th? others, th? numb?r of consumers will in?r????.B??id??, wh?n the seller of a g??d ?u????d? in finding ?ut n?w m?rk?t? f?r his good and ?? a r??ult the m?rk?t f?r his good ?x??nd? the numb?r of ??n?um?r? f? r th?t good will in?r????.An?th?r im??rt?nt ??u?? for th? in?r???? in th? numb?r ?f ??n?um?r? i? the gr?wth in population.F?r in?t?n??, in India th? d?m?nd for m?n? ????nti?l g??d?, especially f??d grains, has in?r????d because ?f the in?r???? in the ???ul?ti?n ?f th? ??untr? ?nd th? resultant increase in the number ?f ??n?um?r? f?r th?m.vi. C?n?um?r?’ Ex???t?ti?n? with R?g?rd t? Futur? Pri???Another f??t?r whi?h influences the d?m?nd for goods is ??n?um?r?’ ?x???t?ti?n? with r?g?rd to futur? ?ri??? ?f th? goods.If du? to ??m? reason, ??n?um?r? ?x???t that in th? n??r future ?ri??? ?f th? goods w?uld ri??, th?n in th? ?r???nt th?? w?uld d?m?nd greater ?u?ntiti?? ?f the g??d? so th?t in th? future they should not have t? pay higher ?ri???.Similarly, when the consumers ?x???t th?t in th? futur? th? prices ?f g??d? will f?ll, th?n in th? ?r???nt they will postpone a part ?f the ??n?um?ti?n of g??d? with th? r??ult th?t th?ir ?r???nt d?m?nd for g??d? will d??r????. Shifts in the demand and supply curve  Source: Macroeconomics in C?nt?xt, First Editi?n b? N?v? G. ?t ?l (M.E. Sh?r??, 2008)In?r???? in D?m?nd ?nd Shifts in D?m?nd CurveWh?n demand changes du? t? the f??t?r? ?th?r th?n price, th?r? i? a ?hift in the wh?l? demand ?urv?.A? mentioned ?b?v?, apart fr?m ?ri??, demand f?r a ??mm?dit? i? d?t?rmin?d b? in??m?? ?f th? ??n?um?r?, his t??t?? and ?r?f?r?n???, ?ri??? ?f r?l?t?d g??d?.Thu?, wh?n there is ?n? change in th??? f??t?r?, it will cause a ?hift in d?m?nd ?urv?.For ?x?m?l?, if incomes ?f the consumers in?r????, ??? du? t? th? hik? in th?ir w?g?? and ??l?ri?? or due t? th? gr?nt ?f dearness ?ll?w?n??, they will d?m?nd more ?f a good, ??? cloth, at ???h ?ri??.Thi? will cause a shift in the demand ?urv? t? the right.Simil?rl?, if preferences ?f the ????l? f?r a ??mm?dit?, say ??l?ur TV, b???m? gr??t?r, th?ir d?m?nd f?r colour TV will in?r????, that i?, th? d?m?nd curve will ?hift t? the right and, therefore, at ???h price they will d?m?nd m ?r? ??l?ur TV.Th? ?th?r im??rt?nt factor whi?h ??n cause an in?r???? in d?m?nd f?r a ??mm?dit? is th? ?x???t?ti?n? ?b?ut future ?ri???.If people expect that ?ri?? ?f a commodity i? likely t? go u? in futur?, they will tr? t? ?ur?h??? the ??mm?dit?, especially a dur?bl? ?n?, in th? ?urr?nt ??ri?d whi?h will boost th? ?urr?nt demand f?r the goods ?nd ??u?? a shift in th? d?m?nd curve t? the right.A? ???n ?b?v?, th? prices ?f r?l?t?d ??mm?diti?? ?u?h as substitutes ?nd complements ??n ?l?? change the d?m?nd f?r a commodity.For example, if the ?ri?? ?f coffee rises other f??t?r? r?m?ining th? ??n?t?nt, this will ??u?? the d?m?nd f?r t??, a substitute f?r ??ff??, t? increase ?nd its demand curve t? ?hift t? the right.D??r???? in Demand ?nd Shift in the D?m?nd Curv?If th?r? ?r? ?dv?r?? ?h?ng?? in the f??t?r? influ?n?ing d?m?nd, it will lead to the d??r???? in d?m?nd ??u?ing a ?hift in th? d?m?nd ?urv?.F?r ?x?m?l?, if due to in?d??u?t? r?inf?ll agricultural productions in a year declines t hi? will ??u?? a f?ll in the in??m?? ?f th? f?rm?r?. Thi? fall in??m?? ?f the f?rm?r? will ??u?? a decrease in th? d?m?nd f?r indu?tri?l products, say cloth, ?nd will r??ult in a ?hift in th? d?m?nd ?urv? to th? l?ft.Simil?rl?, ?h?ng? in preferences for ??mm?diti?? ??n ?l?? affect th? demand. F?r example, when ??l?ur TV? ??m? to Indi? people’s greater preference for them l?d t? the in?r???? in th?ir d?m?nd. But thi? br?ught about d??r???? in d?m?nd for bl??k ?nd whit? TV? causing l?ftw?rd ?hift in d?m?nd curve f?r th??? bl??k ?nd white TV?.Th? d??r???? in d?m?nd d??? not ???ur du? to the rise in ?ri?? but du? t? th? ?h?ng?? in other d?t?rmin?nt? ?f demand.Decrease in d?m?nd for a commodity m?? ???ur due t? the f?ll in th? ?ri??? ?f its ?ub?titut??, rise in the prices ?f ??m?l?m?nt? of th?t commodity ?nd if th? people expect that ?ri?? of a g??d will f?ll in futur?.Other f??t?r? that ?ff??t Su??l? ?f a Pr?du?t other th?n just ?ri??In economics, ?u??l? refers t? the ?u?ntit? of a ?r ?du?t available in th? m?rk?t f?r ??l? at a ????ifi?d ?ri?? at a giv?n ??int ?f time.Unlik? demand, ?u??l? r?f?r? to th? willingn??? of a seller to ??ll th? ????ifi?d amount of a product within a ??rti?ul?r ?ri?? ?nd tim?.Su??l? i? ?lw??? defined in relation t? price ?nd tim?. F?r ?x?m?l?, if a ??ll?r agrees t? sell 500 kg? ?f wh??t, it ??nn?t b? considered ?? supply ?f wh??t ?? the ?ri?? and tim? f??t?r? ?r? mi??ing.Simil?rl?, if a ??ll?r i? r??d? to ??ll 500kgs at a price of 10$ per kg then ?g?in it w?uld n?t b? ??n?id?r?d ?? ?u??l? as the tim? ?l?m?nt i? missing. Th?r?f?r?, th? ?t?t?m?nt “a ??ll?r is willing to ??ll 500kgs ?t th? ?ri?? ?f 10$ ??r kg in a w??k” i? id??l t? understand th? ??n???t ?f ?u??l? as it r?l?t?? ?u??l? with ?ri?? ?nd time.Apart from thi?, the ?u??l? ?l?? d???nd? ?n th? ?t??k ?nd m?rk?t price ?f th? product. St??k ?f a ?r?du?t r?f?r? t? ?u?ntit? of a ?r?du?t available in th? market f?r ??l? within a ????ifi?d ??int ?f tim?.B?th ?t??k ?nd m?rk?t ?ri?? ?f a ?r?du?t ?ff??t it? ?u??l? t? a greater ?xt?nt. If the market ?ri?? is m?r? than th? ???t price, th? ??ll?r w?uld in?r???? th? ?u??l? of a ?r?du?t in the m?rk?t. However, th? d??r???? in market ?ri?? ?? ??m??r?d to cost ?ri?? would r?du?? th? ?u??l? ?f product in the m?rk?t.F?r example Mr. X h?? 100kg? of a product. He ?x???t? the minimum ?ri?? to be 30$ ??r kg ?nd th? m?rk?t price i? 35$ per kg.Therefore h? w?uld r?l???? ??rt?in ?m?unt ?f th? product, ??? ?r?und 50kg? in th? m?rk?t, but w?uld not r?l???? the wh?l? ?m?unt.Th? reason b?ing h? would w?it for b?tt?r rates for hi? ?r?du?t. In such a ????, th? ?u??l? ?f hi? ?r?du?t would b? 50kgs at 35$ ??r kg.Determinants ?f Su??l?Supply ??n be influenced by a number ?f f??t?r? that ?r? t?rm?d ?? determinants of ?u??l?. G?n?r?ll?, the ?u??l? of a ?r?du?t depends ?n it? ?ri?? ?nd cost ?f ?r?du?ti?n. In ?im?l? t?rm?, ?u??l? i? th? fun?ti?n ?f ?ri?? and ???t of ?r?du?ti?n.Some ?f th? factors th?t influ?n?? the supply ?f a ?r?du?t ?r? desc ribed ?? f?ll?w?:i. PriceR?f?r? t? the m?in f??t?r th?t influ?n??? the ?u??l? ?f a ?r?du?t t? a gr??t?r ?xt?nt. Unlik? d?m?nd, th?r? i? a direct r?l?ti?n?hi? b?tw??n the price of a ?r?du?t and it? supply.If th? ?ri?? ?f a product in?r?????, then th? supply ?f the ?r?du?t also in?r????? and vi?? v?r??. Change in ?u??l? with respect to th? change in price i? t?rm?d ?? th? v?ri?ti?n in supply of a ?r?du?t.Speculation about futur? price can also ?ff??t th? supply ?f a ?r?du?t. If th? ?ri?? ?f a product is ?b?ut t? ri?? in future, th? supply ?f the product w?uld d??r???? in th? ?r???nt m?rk?t b???u?? of the profit ?x???t?d by a ??ll?r in futur?.However, th? f?ll in th? ?ri?? ?f a ?r?du?t in future w?uld in?r???? the ?u??l? of ?r?du?t in th? ?r???nt market.ii. Co?t ?f Pr?du?ti?nIm?li?? th?t th? supply ?f a ?r?du?t w?uld d??r???? with in?r???? in th? cost ?f ?r?du?ti?n ?nd vi?? versa. The ?u??l? ?f a product ?nd ???t of ?r?du?ti?n ?r? inv?r??l? related t? ???h ?th?r. F?r example, a ??ll?r w?uld supply less ?u?ntit? of a ?r?du?t in th? m?rk?t, wh?n th? ???t ?f production exceeds th? m?rk?t ?ri?? ?f the ?r?du?t.In ?u?h a case th? ??ll?r w?uld wait f?r the rise in ?ri?? in future. Th? ???t ?f ?r?du?ti?n ri??? du? t? ??v?r?l f??t?r?, such ?? l??? of f?rtilit? of l?nd, high wage r?t?? of l?b?r, ?nd in?r???? in the ?ri??? ?f raw material, tr?n???rt cost, ?nd tax rate.iii. N?tur?l C?nditi?n?Implies th?tclimatic conditions dir??tl? ?ff??t the ?u??l? ?f ??rt?in products.For ?x?m?l?, th? ?u??l? of ?gri?ultur?l products in?r????? when m?n???n ??m?? ?n time.H?w?v?r, th? supply ?f these products decreases at the time ?f dr?ught. Some ?f th? ?r??? ?r? ?lim?t? specific ?nd th?ir gr?wth ?ur?l? depends ?n ?lim?ti? ??nditi?n?.iv. TechnologyRefers to ?n? of th? important determinant of ?u??l?. A b?tt?r ?nd ?dv?n??d t??hn?l?g? in?r????? th? ?r?du?ti?n ?f a ?r?du?t, whi?h r??ult? in th? in?r???? in the ?u??l? of th? ?r?du?t.F?r example, th? ?r?du?ti?n of f?rtiliz?r? ?nd good ?u?lit? seed s increases th? ?r?du?ti?n ?f crops.Thi? further in?r???? th? ?u??l? ?f f??d gr?in? in th? m?rk?t.v. Tr?n???rt ConditionsRefer to th? f??t th?t b?tt?r transport f??iliti?? in?r???? th? ?u??l? of products. Tr?n???rt is ?lw??? a ??n?tr?int t? th? supply ?f ?r?du?t?, ?? th? products ?r? not ?v?il?bl? ?n tim? du? to ???r tr?n???rt facilities. Th?r?f?r? even if th? price ?f a product in?r?????, th? ?u??l? would n?t in?r????.In Indi? ??ll?r? u?u?ll? u?? road tr?n???rt ?nd th? poorly m?int?in?d r??d m?k?? it difficult t? reach the destination ?n tim? th? products that ?r? manufactured in ?n? part ?f th? ?it? n??d to b? spread in th? wh?l? ??untr? thr?ugh r??d tr?n???rt.Thi? may r??ult in th? d?m?g? of m??t ?f th? ?r?du?t? during th? journey, which ??n ??u?? h??v? l??? for a seller. In ?dditi?n th? ??ll?r ??n also lose hi?/h?r customers b???u?? ?f th? delay in. the d?liv?r? ?f products.vi. Factor Prices ?nd th?ir Av?il?bilit?A?t ?? ?n? ?f the m?j?r determinant of ?u??l?. Th? in?ut?, ?u?h ?? raw m?t?ri?l m?n, ??ui?m?nt, ?nd machines, r??uir?d ?t the time ?f ?r?du?ti?n are t?rm?d as f??t?r?.If th? factors ?r? ?v?il?bl? in ?uffi?i?nt ?u?ntit? and ?t lower price, th?n there w?uld b? in?r???? in ?r?du?ti?n.This would in?r???? the ?u??l? of a ?r?du?t in th? m?rk?t. F?r ?x?m?l?, availability of ?h??? l?b?r and raw material nearby th? manufacturing plant ?f an ?rg?niz?ti?n w?uld h?l? in r?du?ing th? labor and tr?n???rt?ti?n ???t?.Consequently, the production and supply of the ?r?du?t w?uld in?r????.vii. G?v?rnm?nt’? P?li?i??Im?li?? th?t the diff?r?nt ??li?i?? ?f g?v?rnm?nt, ?u?h ?? fiscal ??li?? ?nd indu?tri?l policy, has a greater impact ?n the ?u??l? ?f a ?r?du?t.For ?x?m?l?, in?r???? in t?x ?n duti?? would decrease th? ?u??l? ?f a ?r?du?t.On the other h?nd, if th? tax r?t? i? low, then th? supply ?f a ?r?du?t w?uld increase.viii. Pri??? of Related G??d?R?f?r t? fact th?t th? ?ri??? ?f ?ub?titut?? ?nd ??m?l?m?nt?r? goods ?l?? ?ff??t th? supply ?f a product.For ?x?m?l?, if the ?ri?? of wh??t increases, th?n f?rm?r? would t?nd t? gr?w more wheat th?n n??.Thi? w?uld decrease the supply of rice in the m?rk?t.EQUILIBRIUM WHERE DEMAND AND SUPPLY INTERSECTBecause th? graphs f?r d?m?nd and ?u??l? ?urv?? b?th h?v? ?ri?? on th? v?rti??l ?xi? ?nd ?u?ntit? ?n th? h?riz?nt?l axis, the d?m?nd ?urv? ?nd supply ?urv? for a ??rti?ul?r good ?r ??rvi?? ??n ?????r ?n th? ??m? gr??h.Together, demand ?nd supply d?t?rmin? the ?ri?? ?nd the ?u?ntit? that will b? b?ught and sold in a market. Source: Macroeconomics in C?nt?xt, First Editi?n b? N?v? G. ?t ?l (M.E. Sh?r??, 2008)R?m?mb?r thi?: When tw? lin?? on a di?gr?m cross, thi? intersection u?u?ll? means ??m?thing. The point where the ?u??l? ?urv? (S) and th? d?m?nd ?urv? (D) cross, designated by ??int E i? ??ll?d th? equilibrium.Th? ??uilibrium ?ri?? i? th? ?nl? ?ri?? where the plans ?f ??n?um?r? ?nd th? ?l?n? ?f ?r?du??r? agreeâ€"that i?, wh?r? the amount ?f the ?r?du?t consumers w?nt t? bu? (?u?ntit? d?m?nd?d) i? equal t? the ?m?unt producers w?nt t? sell (?u?ntit? supplied).Thi? ??mm?n ?u?ntit? is ??ll?d the equilibrium quantity. At ?n? other ?ri??, th? ?u?ntit? d?m?nd?d d??? n?t equal th? ?u?ntit? ?u??li?d, so th? m?rk?t i? n?t in equilibrium at th?t ?ri??.Th? equilibrium price i? $1.40 per gallon ?f g???lin? and th? ??uilibrium ?u?ntit? is 600 million g?ll?n?.If ??u h?d ?nl? th? d?m?nd ?nd ?u??l? ??h?dul??, and n?t th? gr??h, ??u ??uld find th? equilibrium b? l??king f?r th? ?ri?? l?v?l on the t?bl?? wh?r? th? qua ntity d?m?nd?d ?nd th? ?u?ntit? supplied ?r? ??u?l.Th? word “??uilibrium” means “balance.” If a m?rk?t i? ?t it? ??uilibrium price and ?u?ntit?, th?n it has n? reason t? move away from th?t ??int. H?w?v?r, if a market i? n?t at ??uilibrium, th?n economic ?r???ur?? ?ri?? t? m?v? th? market toward th? equilibrium ?ri?? ?nd th? equilibrium ?u?ntit?.Im?gin?, for ?x?m?l?, th?t the ?ri?? ?f a g?ll?n ?f g???lin? was ?b?v? the ??uilibrium ?ri??â€"th?t i?, instead ?f $1.40 per g?ll?n, the ?ri?? i? $1.80 per g?ll?n. This above-equilibrium ?ri?? i? illustrated b? the d??h?d horizontal lin? at th? price ?f $1.80.At this high?r price, th? ?u?ntit? d?m?nd?d dr??? fr?m 600 t? 500. Thi? decline in ?u?ntit? r?fl??t? how consumers r???t t? the high?r price b? finding w??? to use l??? gasoline.Moreover, ?t thi? high?r ?ri?? of $1.80, th? ?u?ntit? of g???lin? ?u??li?d rises fr?m the 600 to 680, ?? th? higher price makes it m?r? ?r?fit?bl? f?r gasoline producers t? expand th?ir output.N?w, ??n?i d?r how ?u?ntit? d?m?nd?d and ?u?ntit? ?u??li?d i? r?l?t?d ?t thi? ?b?v?-??uilibrium ?ri??.Quantity demanded has fallen t? 500 g?ll?n?, whil? quantity supplied h?? ri??n to 680 g?ll?n?. In f??t, ?t ?n? above-equilibrium price, th? ?u?ntit? supplied ?x???d? the ?u?ntit? d?m?nd?d. W? ??ll thi? ?n excess ?u??l? or a ?ur?lu?.With a ?ur?lu?, gasoline ???umul?t?? at g?? stations, in tanker tru?k?, in pipelines, and ?t ?il refineries. Thi? ???umul?ti?n ?ut? pressure on gasoline ??ll?r?. If a ?ur?lu? remains un??ld, those firm? inv?lv?d in m?king ?nd ??lling g???lin? are n?t r???iving ?n?ugh ???h to pay th?ir w?rk?r? and to ??v?r their ?x??n???.In this ?itu?ti?n, some producers ?nd ??ll?r? will want t? ?ut prices, because it i? better t? ??ll ?t a lower ?ri?? th?n n?t t? sell at ?ll.Once some sellers start cutting ?ri???, ?th?r? will f?ll?w t? ?v?id losing ??l??. Th??? price r?du?ti?n? in turn will ?timul?t? a higher quantity demanded.S?, if th? ?ri?? i? ?b?v? th? ??uilibrium l?v?l, incenti ves built into th? ?tru?tur? ?f d?m?nd and ?u??l? will create pressures for the ?ri?? to f?ll t?w?rd th? equilibrium.Now ?u????? that the ?ri?? i? below its equilibrium l?v?l ?t $1.20 per g?ll?n, ?? th? d??h?d h?riz?nt?l lin? ?t this price.At thi? l?w?r ?ri??, th? quantity d?m?nd?d in?r????? from 600 t? 700 as drivers t?k? longer trips, spend m?r? minutes w?rming up th? car in th? driv?w?? in wint?rtim?, stop ?h?ring rid?? to work, and buy l?rg?r ??r? th?t g?t f?w?r miles t? th? g?ll?n.H?w?v?r, th? below-equilibrium price r?du??? g???lin? ?r?du??r?’ incentives to ?r?du?? ?nd ??ll gasoline, and the ?u?ntit? ?u??li?d f?ll? fr?m 600 to 550.When th? ?ri?? i? b?l?w ??uilibrium, th?r? i? excess d?m?nd, ?r a ?h?rt?g?â€"th?t i?, ?t th? given ?ri?? th? ?u?ntit? demanded, which has b??n ?timul?t?d by the l?w?r price, n?w ?x???d? the quantity ?u??li?d, whi?h h?d been d??r????d b? the l?w?r price. In thi? ?itu?ti?n, ??g?r gasoline bu??r? mob the g?? ?t?ti?n?, ?nl? t? find m?n? ?t?ti?n? runnin g short ?f fuel.Oil ??m??ni?? ?nd gas stations recognize th?t th?? h?v? ?n opportunity t? m?k? high?r profits by ??lling what g???lin? they have ?t a high?r ?ri??. A? a r??ult, th? ?ri?? rises t?w?rd th? ??uilibrium level.

Discrimination Against Women s Rights - 1543 Words

Alexandra Heck Contemp Perspectives Raju Parrakkal 13 October 2015 Women’s Rights Discrimination against women has been a phenomenon for centuries, lack of women’s rights and equality is a long overdue issue that needs to be abolished. The need to make a concrete connection between human rights and women’s rights is ironic considering that one half of the global population is female (Hawkins 1). Gender inequality is the pressing current human rights issue, including disparities in education, employment, healthcare, power and decision-making, violence, and poverty that impacts billions of women and girls from every part of the world throughout their lifetime (UN Statistical Division, 2010; UN Women, 2011a). The United Nations has extended efforts for growing global rights effort to compensated the deeply rooted gender inequality (Hawkins 1). This paper addresses gender based inequality and current global human rights initiatives focused on women, and action taken by women and human rights defenders (Hawkins 1). While human rights violations can affect all groups, including women (1), â€Å"women’s issues† are not the same as â€Å"gender issues,† although the terms are often used interchangeably (1). In its annual report, the UN Population Fund note that gender inequality works to the disadvantages of both women and men through impeding the growth of individuals, the development of countries, and the evolution of societies (UN Statistical Division, 2010, UN Women, 2000). Women’sShow MoreRelatedDiscrimination Against Women s Rights1410 Words   |  6 PagesHowever, discrimination against women is something that many people have learned to overcome, but accepting and forgiving discrimination is another story. This will continue throughout the future years until males learn to share. 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Financial Statement Analysis Marico Bangladesh Limited...

FINANCIAL ANALYSIS PROJECT Financial statement analysis: Marico Bangladesh Limited and ACI Formulation Limited The objective of this project is to link theory with applications in the real world by requiring students to analyze financial statements of actual companies listed in either the DSE or CSE. This project provides the opportunity to use corporate financial statements of actual companies for the purpose of analyzing the financial condition and trend indicators from the viewpoints of a potential investor, lending institution (bank), and the company’s top management. Developed by Sadek Jake Alam sadekjake@technoflame.com Marico Bangladesh limited (MBL:Dhaka) and ACI Formulation Ltd (ACIF:Dhaka) are both listed under the†¦show more content†¦ACIF Total Current Assets Total Current Liabilities Current Ratio MBL Total Current Assets Total Current Liabilities Current Ratio 2008 2009 2010 2008 2009 2010 EXHIBIT 1.0 Profitability Ratios 1. Return on Assets 2. Return on Equity 3. Return on Capital Margin Analysis 1. Gross Margin 2. Levered Free Cash Flow Margin 3. EBITDA Margin Asset Turnover Analysis 1. Total Asset Turnover 2. Accounts Receivable Turnover 3. Fixed Assets Turnover 4. Inventory Turnover Credit Ratios 1. Current Ratio 2. Quick Ratio Long Term Solvency 1. Total Debt/Equity 2. Total Liabilities/Total Assets Growth over Prior Year 1. Total Revenue 2. Tangible Book Value 3. EBITDA 4. Gross Profit 5. Receivables 6. Inventory 7. Capital Expenditures 8. Diluted EPS before extra 9. Cash from Operations 10. Levered Free Cash Flow Financial Statements For ACI Formulation Ltd (ACIF) Income Statements Dec 31 2008 As of: BDT Dec 31 2009 Restated BDT Dec 31 2010 BDT Currency in Millions of Bangladesh Taka Revenues Total Revenues Cost Of Goods Sold Gross Profit Selling General Admin Expenses, Total RD Expenses Depreciation Amortization, Total Other Operating Expenses Other Operating Expenses, Total Operating Income Interest Expense Interest And Investment Income Net Interest Expense Other Non-Operating Income (Expenses) Ebt, Excluding Unusual Items Other Unusual Items, Total Ebt, Including Unusual Items Income Tax Expense Earnings From Continuing Operations Net Income Net

Michael Vick Case Free Essays

On April 25, 2007, agents raided the Surry County, Virginia home owned by Michael Vick, NFL’s Atlanta Falcons quarterback. The authorities reportedly discovered 66 dogs, 55 of them being pit bulls, blood stained carpet, a dog fighting pit, and equipment which is commonly used in dog fighting rings such as dog treadmills and scales, a pry bar used to open a dog’s mouth and an instrument used for breeding. At the time of the raid, Vick was not present at his home but denied having knowledge of dog fighting taking place on his property. We will write a custom essay sample on Michael Vick Case or any similar topic only for you Order Now On July 17, 2007, a federal jury indicted Vick as well as three other men, Purnell Peace, Quanis Phillips, and Tony Taylor on charges of competitive dog fighting, procuring and training pits to fight, operating an unlawful interstate dog fighting business by the name of Bad Newz Kennels. The four codefendants each face $350,000 in fines and six years in prison if convicted of the federal charges. According to reports, Michael Vick had been staging dog fights since his rookie year with the Falcons in 2001. The dogs found on the property were treated in a horrific manner. Losing dogs were either killed in the arena during the fight or at times they were later hung, electrocuted, shot or drowned. As part of their training to get them ready for fights the dogs were sometimes starved to make them hungry for the fight. On August 24, 2007 Vick entered a plea deal where he pled guilty to â€Å"conspiracy in a dog fighting ring and agreeing that the enterprise included killing pit bulls and gambling. He denied making side bets on the fights, but admitted to bankrolling them. (ESPN) He also admitted to sharing the proceeds from the dog fights with his Peace, Phillips, and Taylor but states that he never placed any bets or collected prize money for the fights. Vick was the last of his counterparts to enter into a plea deal with the prosecution. On December 10, 2007 Michael Vick was sentenced to 23 months in prison and three years’ probation at U. S. District Court in Richmond by Judge E. Henry Hudson for running a dog fighting operation. He will serve a longer sentence than two of his codefendants because he lied about his involvement upon ntering his plea agreement when he was supposed to be admitting to his wrong doing and accepting responsibility for his actions. According to his codefendants, Vick was more involved in the dog fights than he admitted to being. On November 30, Peace and Phillips were sentenced by Judge Hudson to 18 and 21 months in federal prison. Their punishments also included three years of supervised probation following their release from prison. On December 14, 2007, Tony Taylor, who was the first of the four men to plead guilty, received a lesser sentence of 60 days in jail because he agreed to testify against Vick. Michael Vick was released from prison on July 20, 2009. After his release from prison, Michael Vick is to start his three year probation term. As part of his probation, Vick was equipped with an electronic monitor and had to perform $10-an-hour job as a laborer for a construction company. Michael Vick is currently still on probation but he is now able to play football again and no longer has to work the construction job. Works Cited http://sports. espn. go. com/nfl/news/story? id=2989824 http://articles. cnn. com/2007-07-17/us/vick_1_bad-newz-kennels-dogfighting-investigation-quanis-phillips? _s=PM:US How to cite Michael Vick Case, Essay examples

Middle Class and Hard Work free essay sample

In life, all individuals want to stand out. They want to be the diamond in the rough, but only a few of them can ever be such a thing. According to Malcolm Gladwell, in his book Outliers, he asserts that individuals who are granted opportunities and advantages, which not everybody is given by fate, are more successful. He implicates that opportunity, hard work, birthdate, 10,000 hours rule, and the background of the person are essential factors when being an outlier. Out of these aspects, working hard would have to be the one factor that surpasses the rest in this scenario. Malcolm Gladwell emphasizes many characteristics on what being an outlier is. The most important is hard work, â€Å" [for] if you work hard enough and assert yourself, and use your mind and imagination, you can shape the world to your desires†(151). Without hard work, nothing will ever be accomplishable. Tonina Hoang, a McDonald’s franchisee, writes, â€Å"I work hard to ensure that they stay motivated and develop their careers†¦Ã¢â‚¬  Nothing ever comes without having to work for it. We will write a custom essay sample on Middle Class and Hard Work or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Everyone who is famous, or a doctor, or a lawyer has gotten through the baby steps and have overcome many obstacles to reach where they are now. Gladwell states that, â€Å"No one who can rise before the dawn three hundred sixty days a year fails to make his family rich†(137), further emphasizing that success is achievable if hard work is put in. Hard work will eventually pay off in the end. â€Å"A Success Story† an article in the Infotrac Newsstand claims that â€Å"hard work, patience and dedication helped [Muhammad Ayub of Wasa] become assistant director (legal) from a junior pump operator. † Always have optimism because one may think people do not notice what one does, but in fact, everyone notices whether one is putting effort or just going through the motions. Gladwell touches on how â€Å"We overlook just how large a role we all playand by we I mean societyin determining who makes it and who doesnt†(33). Sometimes people do not see how big of an impact they have to the society, but everyone is essential in order for the society to function properly. Gladwell fortifies diligence when he asserts â€Å"Hard work is only a prison sentence when you lack motivation†(42). In order to be successful, the individual must have the motivation to pursue their ambitions without feeling obligated to. Although working hard is a critical aspect in becoming an outlier, there are other factors that are important but not as critical. Gladwell claims â€Å"It comes from our time: from the particular opportunities that our place in history presents us with†(58). People are given different opportunities; they all depend on the time one was born and how each and everyone’s background began. Not everyone had the same openings. For example, a lower class family would not have had the same chances as a middle class family. Gladwell affirms, â€Å"Its knowledge that helps you read situations correctly and get what you want†(87). Being highly intelligent is perhaps another key factor in becoming an outlier, for not being so, one would not have as much success as others. However, none of these things would ever be possible if one does not push oneself and commit to work harder than others. Outliers play a huge role on society. If we did not have them, some of the high quality corporate items, like Apple products, would have never been created. Success does not come as easy as it may seem. However, if one decided to stand out from the rest of society with Gladwell’s guidelines, they could possibly become the next outlier. Outliers are not just born out of the blue (although some may be); they work hard, take the opportunities when they are given the chance, and overcome their social status.

Free Essays on Effective Teaching

that begin with the letter â€Å"b† or emphasizing nursery rhymes). The authors also discuss that it is important to keep students busy by providing them with activities that are going to be challenging. Key Points In this article, several important strategies regarding effective teaching of literacy are addressed. They include: 1. Classroom Organization – The teacher should use a combination of whole class, group and individual teaching. The article suggests that it is important to group students according to the needs of the students in the group. The teacher needs to organize the literacy lesson to accomplish that goal. 2. Task Setting – The teacher needs to prepare the lesson plans well and provide challenges to students to gain new skills and knowledge about literacy. 3. Task Content – The teacher needs to be aware of each student’s ability and try to match the needs of each student appropriately. 4. Teaching Skills – The teacher should spend the majority of classroom time teaching students and observing their works. 5. Pace – The teacher needs to learn what reading ability each student has. Then, the teacher needs to develop a pace for the students to learn. 6. Modeling – The teacher should demonstrate literacy by reading out loud to the students, demonstrating enjoyment for writing and reading. 7. Teacher-Pupil Interactions – The teacher can help the student by interacting, observing and providing feedbac... Free Essays on Effective Teaching Free Essays on Effective Teaching Fox, R., Medwell, J., Poulson, L., & Wray, D. (2000). The teaching practices of effective teachers of literacy. Education Review, 52, 75-84. Summary I reviewed a journal article entitled, The Teaching Practices of Effective Teachers of Literacy (Fox, Medall, Poulson, & Wray, 2000). In this article the authors discuss effective teaching practices of literacy teachers. These practices include assisting students in making connections between text, sentences or words (for example, writing words that begin with the letter â€Å"b† or emphasizing nursery rhymes). The authors also discuss that it is important to keep students busy by providing them with activities that are going to be challenging. Key Points In this article, several important strategies regarding effective teaching of literacy are addressed. They include: 1. Classroom Organization – The teacher should use a combination of whole class, group and individual teaching. The article suggests that it is important to group students according to the needs of the students in the group. The teacher needs to organize the literacy lesson to accomplish that goal. 2. Task Setting – The teacher needs to prepare the lesson plans well and provide challenges to students to gain new skills and knowledge about literacy. 3. Task Content – The teacher needs to be aware of each student’s ability and try to match the needs of each student appropriately. 4. Teaching Skills – The teacher should spend the majority of classroom time teaching students and observing their works. 5. Pace – The teacher needs to learn what reading ability each student has. Then, the teacher needs to develop a pace for the students to learn. 6. Modeling – The teacher should demonstrate literacy by reading out loud to the students, demonstrating enjoyment for writing and reading. 7. Teacher-Pupil Interactions – The teacher can help the student by interacting, observing and providing feedbac...

Definition and Examples of Baby Talk

Definition and Examples of Baby Talk Baby talk refers to the simple language forms used by young children, or the modified form of speech often used by adults with young children. Also known as motherese or caregiver speech. Early research talked of motherese, notes Jean Aitchison. This left out fathers and friends, so caretaker speech became the fashionable term, later amended to caregiver speech, and in academic publications, to CDS child-directed speech Examples and Observations Eloise Robinson and John Redhead Froome, Jr. As I mounted the porch steps I could hear Miss Altheas voice through the open window. She was apparently, I regret to say, speaking to Mabel, for her words had a soft, cooing sound and were such that, were it not for the sake of veracity, I should be inclined to omit them. Is muvvers ittle cutey takin its ittle beauty nap after its din-din? Did it like its din-din? Good din-din with chicken in it for ittle cutey baby! Thats right, take its ittle beauty nap till its muvver turns down. She wont be longwont be long! Muvvers ittle sleepin beauty, ittle cutey beauty! There was more of the same or a similar, variety to which my decisive ring at the door-bell put a hasty end. –Dead Dog, 1918 Lawrence Balter Linguists who have studied the structure of baby talk words have pointed out that there are some typical sound change rules that relate the baby talk word to its adult equivalent. For instance, reduction of the word to a shorter form is common, as is reduplication of the short form, hence, words such as din din and bye bye. It is not clear, however, how some baby talk words were derived: no simple rule explains how rabbits turned into bunnies.Although there is a traditional baby talk vocabulary, almost any word in English can be turned into a baby talk word by the addition of a diminutive ending, -ie: foot becomes footie, shirt becomes shirtie, and so forth. These diminutive endings convey affectionate as well as size connotations. –Parenthood in America., 2000 Sara Thorne Baby words like doggie or moo-cow do not help a child to learn language more efficiently. The reduplication of sounds in words like baba and dada, on the other hand, does enable babies to communicate because the words are easy to say. –Mastering Advanced English Language, 2008 Charles A. Ferguson [T]he reduplication in baby talk is generally separate and unrelated to the use in the normal language. Reduplication can probably be regarded as a feature of baby talk throughout the world. –Baby Talk in Six Languages, 1996 J. Madeleine Nash When speaking to babies, Stanford University psychologist Anne Fernald has found, mothers and fathers from many cultures change their speech patterns in the same peculiar ways. They put their faces very close to the child, she reports. They use shorter utterances, and they speak in an unusually melodious fashion. –Fertile Minds, 1997 Jean Aitchison Caregiver speech can be odd. Some parents are more concerned with truth than with language. The ill-formed Daddy hat on might meet with approval, Yes, thats right, if daddy was wearing a hat. But the well-formed Daddys got a hat on might meet with disapproval, No, thats wrong, if daddy wasnt wearing a hat. You might expect children to grow up telling the truth, but speaking ungrammatically, as some early researchers pointed out. In fact, the opposite happens. –The Language Web: The Power and Problem of Words, 1997 Debra L. Roter and Judith A. Hall Caporael (1981) focused on the use of displaced baby talk to the institutionalized elderly. Baby talk is a simplified speech pattern with distinctive paralinguistic features of high pitch and exaggerated intonation contour that is usually associated with speech to young children. More than 22% of speech to residents in one nursing home was identified as baby talk. Further, even talk from caregivers to the elderly that was not identified as baby talk was more likely to be judged as directed toward a child than was talk between caregivers. The investigators concluded that this phenomenon is widespread and that baby talk directed toward elderly adults was not a result of fine tuning of speech to individual needs or characteristics of a particular patient, but rather a function of social stereotyping of the elderly. –Doctors Talking With Patients/Patients Talking With Doctors, 2006 Topher Grace (as Eric) You know, mom, there comes an age in a boys life when the baby talk stops working. Yeah, when it does, it just gives a boy the urge to kill. –That 70s Show, 2006

Case Study Example | Topics and Well Written Essays - 500 words - 14

Case Study Example It is mainly written from the perspective of the business and the compulsions and challenges that they have to meet in order to survive and compete within the highly volatile market. Looking from the health care perspective, the articles become highly relevant as they tend to focus on influencing the decision making process of the end users. Healthcare imperatives have increasing become hugely important for the customers. In the age of advancing technology, the customer has become more empowered with informed choices on the subject. The internet facilitates not only research but also the medication. Berndt says that anticipating needs of the customers and help developing customized report that meet the specific healthcare needs of the customer can give distinct boost to influence customer’s decision making processes. While the availability of treatment is available on the net, the Online Analytical Processing or OLAP offers customized reports on specific topic based on his unique needs rather than trend. Thus, customers are better equipped with information that suits his healthcare needs vis-Ã  -vis detail information about illness, medication, specialists based on geographical location etc. Veccia’s article is a wake-up call for businesses to evolve new ways of identifying customers’ changing preferences and helping them meet. In the current times, speed, differentiation and scalability have become extremely critical inputs which the traditional marketing research cannot meet. Hence, competitors’ offering, attributes associated with product and research that correlates these attributes to the requirements of customers become important factors. She suggests that forced choice technique greatly helps to identify the characteristics that are preferred and speeds up the process of new product development or value addition to the product. This applies to the healthcare products also. Indeed, Berndt’s proposal for preparing customized

Database Test Plan of NFRCentralDatabase Coursework

Database Test Plan of NFRCentralDatabase - Coursework Example This here is the test plan to be used to test the NFRCentralDatabase. The NFRCentralDatabase is used by the New Forest Retreat Hotel Management System to manage the daily operation of the hotel and its various departments, as well as to generate reports which are used by the administrators of the hotel to perform various functions. The system uses other databases for instance, the database that keep the employee information and data. However, the test will not be on those databases but the NFRCentralDatabase which holds most of the business function data. The other databases would be tested but they are out of this scope of test. It is not always to have all the information required for a testing plan. This is because most of the users or clients are not techno savvy. Therefore, there needs to be time to take them through the process and to train them on what is required. While designing the test plan, I assume that as the designer I know all about the hotel management system the resort is using and all the activities the resort is involved in. this is not possible because the resort has a lot of departments and keeping tabs on all of them is not possible. The system itself has to be maintained from time to time in order to incorporate additional functionality. Justification of the Testing Plan This strategy of testing the database is very important because it reveals all the problems that the system may have and be corrected before the system is actually rolled out for use. It involves a business and therefore mistakes cannot be allowed since that would literally lead to losses because money is involved. Additionally, this test plan implementation is cost effective as it involves a small team of people.

The Project Report In Executives Salaries Commerce Essay

The Project Report In Executives Salaries Commerce Essay Are CEOs overpaid? Many people think so and many potential causes have been identified such as too much power, inattentive boards of directors, conflicts of interest by compensation consultants, the use of stock options and the list goes on. Some studies show that the average CEO was paid $10 million to $15 million in 2005. This includes their salary, bonus, stock option gains, stock grants and various executive benefits and prerequisites (news.cnet.com). We now look at the highest 10 paid jobs in UK and find not surprisingly that Company CEOs are right there at the top of the list by a huge pay difference when compared with others high in the list. 10 Highest paid UK jobs June 2009 Company CEO/Directors  £171,509 Doctors  £81,744 Brokers  £80,233 Financial Managers Chartered Secretaries  £79,545 Civil Servants (Senior)  £71,824 Aircraft Pilots Flight Engineers  £61,585 Management Consultants/Economists  £52,505 Lawyers, Judges Coroners  £51,579 Police Officers (Inspector and above)  £51,487 Managers (Marketing and Sales)  £50,575 ( Source : careerbuilder.co.uk ) Research Question What factors affect chief executive officer salaries? The files CEOSAL1.RAW and CEOSAL2.RAW are data sets that have various firm performance measures as well as information such as tenure and education. Compared with CEOSAL1.RAW, the second data set contains more information about the CEO, rather than about the company is included (Wooldridge, 2008). In the dataset, Wooldridge took a random sample of data reported in the May 6, 1991 issue of Businessweek. Literature Review In context of current financial crisis, CEO compensation has been a major subject of discussion among businessmen and academics since early 1920s (McKnight et al., 2000). How high should be the compensation, what is the relationship between CEO pay and his abilities, what is the correlation between CEO compensation and companys performance? We have chosen the topic due to its obvious relevance with current financial situation. During the literature review we found a number of empirical articles, exploring various aspects of CEO compensation. McKnight et al (2000) in CEO age and Top Executive Pay: A UK Empirical Study examines the implication of CEO age on managerial pay. They promote four hypotheses: The positive relationship between CEO pay and age The positive relationship between company size and CEO compensation, however it would weaken with the increase of CEO age The relationship between company performance and CEO salary would weaken with increasing age of CEO The relationship between company performance and CEO incentive pay would be positive and would strengthen with increase of CEO age They have explored over 100 UK companies and not only considered CEO pay but have divided it into salary, performance bonuses and share options in order to obtain clearer results. McKnight et al (2000) have concluded that relationship between CEO age and their bonuses appeared to be non-linear. The data did not support Hypothesis 3 and 4, although Hypothesis 1 and 2 were proved by the data. The practical implication of their research suggests that board members considering CEO pay should take into account the age, family and financial circumstances of the CEO, especially if CEO age is about 53 years, as it is an inflection point on curvilinear association of the effect of CEO age on bonus. This conclusion highlights the different aspect of CEO pay, whereas in earlier research McKnight (1996) examined 200 UK firms and found that performance and firm size are the important predictors of executive remuneration. Rose and Shepard (1997) in Firm diversification and CEO compensation: managerial ability or executive entrenchment? explored empirical association between CEO pay and a number of different firm characteristics, such as size and performance. They have also considered CEO personal abilities and characteristics, however the major focus of their research was on correlation between CEO pay and company diversification. They conclude that firm diversification in most cases does not benefit stockholders by increasing company value, but might only benefit the decision makers. Rose and Shepard (1997) admit that such conclusion is controversial and required further empirical research. Rose and Shepard (1997) considered firm diversification as one important determinant of CEO compensation. Investigating the relationship between CEO compensation and firm diversification over 1985-1990, they found that the CEO of a firm with two lines of business averages 13% more in salary and bonus than the CEO of a similar-sized but undiversified firm, ceteris paribus. The term Ceteris Paribus means that all other relevant factors held fixed or constant (Morris, 2008). In the later paper of Van Putten and Bout (2008), the relationship between CEO compensation and company performance has been stressed and their research was made during financial crisis and therefore might be more relevant in todays economic situation. Deckop (1988) analyse data from 120 firms in 1977-81 to show that CEOs were not given an incentive through compensation to increase the size of the firm at the expense of profit which is contrary to the findings of some other studies. Rather, CEO compensation was positively related to profit as a percentage of sales. The market equity value of the firm and the CEOs age and years of service as a CEO had a little effect on compensation (Deckop, 1988). Wright, Kroll and Elenkov (2002) provide us with a theoretical argument that the effect of acquisition-related factors on CEO compensation is contingent upon the intensity of monitoring activities. In firms with vigilant monitors, returns will explain changes in CEO compensation while in firms with passive monitors, increased corporate size due to an acquisition will explain compensation changes. They found support for their hypothesis in a sample of 171 acquisitions over the 1993-98 time period. Various researchers have come up to different conclusions exploring factors affecting CEO pay, therefore we have found this question interesting and we would consider the data from Cengage database and look for some other factors, affecting CEO compensation. Data Description The data has been downloaded from CEngage Learning which has online data sets for Wooldridges Introductory Econometrics: A Modern Approach (cengage.com). It contains two data sets namely CEOSAL1.RAW and CEOSAL2.RAW. CEOSAL2.RAW, the second data set contains more information about the CEO, rather than about the company as in case of CEOSAL1.RAW. The Table below describes the variables in the data sets CEOSAL1 and CEOSAL2. These two data sets were merged to give one final data set namely CEOSAL3.DTA. The variable description for the final data set CEOSAL3 can be found in the Appendix. Variable Descriptions for CEOSAL1 Salary Annual salary (including bonuses) in 1990 (in thousands) $ Sales Firm sales in 1990 (in millions) $ Roe Average return on equity, 1988-90 (in percent) Pcsal Percentage change in salary, 1988-90 Pcroe Percentage change in roe, 1988-90 Indust = 1 if an industrial company, 0 otherwise Finance = 1 if a financial company, 0 otherwise Consprod = 1 if a consumer products company, 0 otherwise Util = 1 if a utility company, 0 otherwise Ros Return on firms stocks 1988-90 Lsalary Natural log of salary Lsales Natural log of sales Variable Descriptions for CEOSAL2 Salary Annual salary (including bonuses) in 1990 (in thousands) $ Age Age in Years College = 1 if attended college, 0 otherwise Grad = 1 if attended graduate school, 0 otherwise Comten Years with Company Ceoten Years as CEO with Company Sales Firm sales in 1990 (in millions) $ Profits Firm Profits in 1990 (in millions) $ Mktval Market Value (in millions) $, end 1990 Lmktval Natural log of mktval Lsalary Natural log of salary Lsales Natural log of sales Comtensq comten^2 (company tenure squared) Ceotensq ceoten^2 (ceo tenure squared) Profmarg profits as % of sales Data Analysis We used regression analysis to look out the factors that affect chief executive officer salaries. We chose a multivariate model because most variables cannot be explained by a single variable and estimations based on a single explanatory variable may lead to biased coefficients (Baum, 2006). A multivariate model allows for ceteris paribus analysis and we can avoid the missing variable bias. We used Stata 10 for the regression analysis of the data set. The data sets namely CEOSAL1.DTA and CEOSAL2.DTA were combined to get a single data set CEOSAL3.DTA. The merging of data sets was possible because the variable salary and sales were common to both data sets and this was necessary to come up with a single equation. The data set CEOSAL1.DTA in memory was appended with CEOSAL2.DTA on disk using the append datasets option in Stata 10 by clicking on Data tab and selecting combine datasets option. Econometric Methodology The methodology is econometric as statistical tool (Stata 10) was used to address economic issues. The analysis is based on observational (non-experimental) data. We then derive a relationship from economic theory or come up with an equation that serves us as an econometric model. lsalary = 4.78 (.51) + .191 (.04) lsales + .083 (.06) lmktval + .017 (.005) ceoten .094 (.079) grad .065 (.23) college .01 (.003) comten + I + u where lsalary = dependent variable, regressand; lsales / lmktval / ceoten / grad / college / comten = explanatory variables, regressor ; u = error term / disturbance; I = dummy / dichotomous variable for Industry ; 4.78 = intercept parameter, .19 / .08 / .017 / -.09 / -.06 / -.01 = population / slope parameters and the respective standard errors are shown in brackets and the bold variables represent that the variable is statistically significant in the data. In the above equation as the dependent variable is also in natural logarithm, the natural log of the explanatory variable gives us elasticity. Elasticity is the percentage change in one variable given a 1% ceteris paribus increase in another variable (Wooldridge, 2008). So, the coefficients of lsales and lmktval give us the elasticity i.e the percentage increase in the dependent variable when the explanatory variable is increased by 1% ceteris paribus. For example, a 1% unit increase in lsales will account for approximately 19% increase in lsalary and similarly a 1% unit increase in lmktval will account for approximately 8% increase in lsalary. Interpretation The t-statistic or t-ratio is defined as the coefficient of the variable divided by its standard error (Wooldridge, 2008). If the numerical value of t-statistic or t-ratio is greater than 2 i.e |t| >2, then the variable is statistically significant. In the data after running the regression analysis, we find the t-ratio of lsales, ceoten, comten and the constant ( y intercept parameter) to satisfy the above inequality [ |t| >2 ] and hence these variables can be declared as statistically significant. The R square for the model is 0.355 ( approximately 36% ) which is moderate as a high R square does not necessarily imply a better model as the coefficient can be misleading at times. However, it is a good starting point and generally bigger R square is good. We get the constant ( y intercept ) to be statistically significant as this would allows us to make an idea of the basic salary of CEO even when sales, profits and market value is down because the CEO gets paid his basic salary, rega rdless of the firm making profits or losses. Critical Analysis With reference to our group presentation and the video reported by ABC News, NewYork which showed that CEOs average annual bailout is $ 13.7 million and average wage earner earns $ 31, 589. This is almost 436 times the salary of an average wage earner which seems to raise few questions and a debate over whether CEOs are overpaid ( youtube.com ). This then raises the point that no survey of executive compensation is complete without the discussion of political factors influencing the great level of CEO pay. The controversy heightened with the November 1991 introduction of Graef Crystals (1991) expose on CEO pay, In Search of Excess, and exploded following President George Bushs ill-timed pilgrimage to Japan in January 1992, accompanied by an entourage of highly paid US executives (Murphy, 1999). Conclusion The research aimed to find out the factors that affect chief executive officer salaries and why CEOs are compensated greatly. The data sets namely CEOSAL1.DTA and CEOSAL2.DTA were combined to give a final data set that was used to answer the research question and draw the conclusion that sales, market value ceotenure have a positive effect on CEO salary while company tenure and college / graduation have a negative effect. In our research and data analysis, the most significant factor comes out to be sales. Limitations The data Wooldridge took is from an issue of Busineesweek in 1991 which is quite old. The files need to be updated and it could be very interesting to know the current trend in CEO Compensation and whether the current economic recession had any effects. Due to the current prevalent economic crisis, the findings can be really interesting which could further add some value to the research that has been already done and leave some space for more research to be carried out in this particular topic. An interesting comparison could be made between the factors e.g sales, ros (return on stocks), roe (return on equity), CEOs age, CEO tenure, profits, market value, comten (years with company), etc highlighted in our literature review and our results so that we know which factor plays the most important role and consequently affects chief executive officer salaries when contrasted in relative terms with other studies. The sample size in the data is approximately 200 observations which is not gr eat. The data shows no evidence for the location of firms and the gender of the CEO. It would be a more contemporary question to pose that is there any gender discrimination in CEO Compensation. The policies of the government are also unknown to see if there were any tax evasions present or not. Further Research A further deep research could use the current data to find the factors affecting CEO salaries. Then, the effects of current economic recession could be looked into and a further study could try to find whether CEOs are overpaid and if so what are the reasons for it? Is it truly because of their managerial ability or it is just an executive entrenchment? Then one could also look at the role of monitoring CEOs and their firms. Are these small, medium or family operated firms and what factors affect their growth and output? Is there sex discrimination in CEO compensation? Bibliography Baum, C.F (2006), An Introduction to Modern Econometrics Using Stata, Stata Press Bout, A. and Van, P.S. (2008), Beyond the boardroom: considering CEO pay in a broader context, People Strategy Deckop, J.R (1988), Determinants of Chief Executive Officer Compensation, Industrial and Labor Relations Review, 41(2), pp. 215-226 Crystal, G. (1991), In Search of Excess: The Overcompensation of American Executives, W.W. Norton Company: New York McKnight, P. (1998), An Explanation of Top Executive Pay: A UK Study, British Journal of Industrial Relations, 34:4 McKnight P., Tomkins C. and Weir C. (2000), CEO Age and Top Executive Pay: A UK Empirical study, Journal of Management and Governance, 4:2000 Morris, C. (2008), Quantitative Approaches in Business Studies, 7th Edition, FT-PrenticeHall Murphy, K. (1999), Executive Compensation, Handbook of Labour Economics, 3(2), pp. 2485-2563 Rose, N.L and Shepard, A. (1997), Firm diversification and CEO compensation: managerial ability or executive entrenchment, Journal of Economics, 28(3), pp. 489-514 Wooldridge, J.M (2008), Introductory Econometrics: A Modern Approach, 4th Edition, South-Western Wright, P. ,Kroll M. And Elenkov,D. (2002), Acquisition Returns, Increase in Firm Size, and Chief Executive Officer Compensation: The Moderating Role of Monitoring, The Academy of Management Journal, 45(3), pp. 599-608 http://login.cengage.com/sso/logouthome.do (Accessed on 10th February, 2010) http://news.cnet.com/The-great-overpaid-CEO-debate/2010-1014_3-6078739.html (Accessed on 1st March, 2010) http://www.careerbuilder.co.uk/Article/CB-27-Job-Search-Britains-Best-Paid-Jobs/ (Accessed on 1st March, 2010) http://www.youtube.com/watch?v=vcG-_LlKN14 (Accessed on 19th March, 2010)

The Return: Midnight Chapter 37

Then Meredith saw something that was not smoke or fire. Just a glimpse of a door frame – and a tiny breath of cool air. With this hope to sustain her, she scuttled straight for the door to the backyard, dragging Isobel behind her. As she passed the threshold, she felt blessedly cold water somehow showering down onto her body. When she pul ed Isobel into the spray, the younger girl made the first voluntary sound she had during the entire journey: a wordless sob of thanks. Matt's hands were helping her along, were taking away the burden of Isobel. Meredith got up to her feet and staggered in a circle, then dropped to her knees. Her hair was on fire! She was just recal ing her childhood rehearsal of stop, drop, and rol , when she felt the cold water turned on it. The hose water went up and down her body and she turned around, basking in the feeling of coolness, until she heard Matt's voice say, â€Å"The flames are out. You're good now.† â€Å"Thank you, Matt. Thank you.†Her voice was hoarse. â€Å"Hey, you were the one who had to go al the way to the bedrooms and back. Getting Mrs. Saitou out was pretty easy – there was the kitchen sink ful of water, so as soon as I cut her free from the kitchen chair we just got al wet and dashed outside.† Meredith smiled and looked around quickly. Isobel had become her responsibility now. To her relief, she saw that the girl was being hugged by her mother. And al it had taken was the nonsense choice between a thing – however precious it was – and a life. Meredith gazed at the mother and daughter and was glad. She could have another stave made. But nothing could replace Isobel. â€Å"Isobel said to give this to you,†Matt was saying. Meredith turned toward him, the fiery light making the world crazy, and for one moment didn't believe her eyes. Matt was holding the fighting stave out to her. â€Å"She must have dragged it with her free hand – oh, Matt, and she was almost dead before we started†¦Ã¢â‚¬  Matt said, â€Å"She's stubborn. Like someone else I know.† Meredith wasn't quite sure what he meant by that, but she knew one thing. â€Å"We'd al better get to the front yard. I doubt the volunteer fire department is going to come. Besides – Theo – â€Å" â€Å"I'l get them moving. You scout the gate side,†Matt said. Meredith plunged into the backyard, which was hideously il uminated by the house, now ful y engulfed in flames. Fortunately, the side yard was not. Meredith flicked the gate open with the stave. Matt was right behind her, helping Mrs. Saitou and Isobel along. Meredith quickly ran by the flaming garage and then stopped. From behind her she heard a cry of horror. There was no time to try to soothe whoever had cried, no time to think. The two fighting women were too busy to notice her – and Theo was in need of help. Inari was truly like a fiery Medusa, with her hair writhing around her in flaming, smoking snakes. Only the crimson part burned, and it was that part that she was using like a whip, using one snake to wrest away the silver bul whip from Theo's hand, and then another to wrap around Theo's throat and choke her. Theo was desperately trying to pul the blazing noose from her neck. Inari was laughing. â€Å"Are you suffering, petty witch? It wil al be over in seconds – for you and for your entire little town! The Last Midnight has final y come!† Meredith glanced back at Matt – and that was al it took. He ran forward, passing her, al the way up to the space below the fighting women. Then he bent slightly, cupping his hands. And then Meredith sprinted, putting everything she had left into the short run, leaving her just enough energy to leap and place one foot into Matt's cupped hands, and then she felt herself soaring aloft, just within distance for the stave to slice cleanly through the snake of hair that was choking Theo. After that Meredith was in free fal , with Matt trying to catch her from below. She landed more or less on top of him and they both saw what happened next. Theo, who was bruised and bleeding, slapped out a part of her gown that was smoldering. She held out a hand for the silver bul whip and it flew to meet her outstretched fingers. But Inari wasn't attacking. She was waving her arms wildly, as if in terror, and then suddenly she shrieked: a sound so anguished that Meredith drew in her breath sharply. It was a death-scream. Before their eyes she was turning back into Obaasan, into the shrunken, helpless, dol -like woman Matt and Meredith knew. But by the time this shriveled body hit the ground it was already stiff and dead, her expression one of such unrepentant malice that it was frightening. It was Isobel and Mrs. Saitou then who came forward to stand over the body, sobbing with relief. Meredith looked at them and then up at Theo, who slowly floated to the ground. â€Å"Thank you,†Theo said with the faintest of smiles. â€Å"You have saved me – yet again.† â€Å"But what do you think happened to her?†Matt asked. â€Å"And why didn't Shinichi or Misao come to help her?† â€Å"I think they al must be dead, don't you?†Theo's voice was soft over the roar of the flames. â€Å"As for Inari – I think that perhaps someone destroyed her star bal . I'm afraid I was not strong enough to defeat her myself.† â€Å"What time is it?†Meredith abruptly cried, remembering. She ran to the old SUV, which was Stillrunning. Its clock showed 12:00 midnight exactly. â€Å"Did we save the people?†Matt asked desperately. Theo turned her face outward toward the center of the town. For nearly a minute she was Still, as if listening for something. At last, when Meredith felt that she might shatter from tension, she turned back and said quietly, â€Å"Dear Ma ma, Grand mama, and I are one, now. I sense children who are finding themselves holding knives – and some with guns. I sense them standing in their sleeping parents'rooms, unable to remember how they got there. And I sense parents, hiding in closets, a moment ago frightened for their very lives, who are seeing weapons dropped and children fal ing onto master bedroom floors, sobbing and bewildered.† â€Å"We did it, then. You did it. You held her off,†Matt panted. Stillgentle and sober, Theo said, â€Å"Someone else – far away – did much more. I know that the town needs healing. But Grand mama and Ma ma agree. Because of them, no child has kil ed a parent this night, and no parent has kil ed a child. The long nightmare of Inari and her Last Midnight is over.† Meredith, grimy and bedraggled as she was, felt something rise and swell inside her, bigger and bigger, until, for al her training, she couldn't contain herself any longer. It exploded out of her in a yel of exultation. She found that Matt was shouting too. He was as grubby and unkempt as she was, but he seized her by the hands and whirled her around in a barbarian victory dance. And it was fun, whirling around and yel ing like a kid. Maybe – maybe in trying to be calm, in always being the most grown-up, she had missed out on the essence of fun, which always felt as if it had some childlike quality to it. Matt had no trouble in expressing his feelings, whatever they were: childlike, mature, stubborn, happy. Meredith found herself admiring this, and also thinking that it had been a long time since she'd real y looked at Matt. But now she felt a sudden wave of feeling for him. And she could see that Matt felt the same way about her. As if he'd never real y looked at her properly before. This was the moment†¦when they were meant to kiss. Meredith had seen it so often in movies, and read about it in books, that it was almost a given. But this was life, it wasn't a story. And when the moment came, Meredith found herself holding Matt's shoulders while he held hers, and she could see that he was thinking exactly the same thing about the kiss. The moment stretched†¦ Then, with a grin, Matt's face showed that he knew what to do. Meredith did too. They both moved in, and hugged each other. When they drew back, they were both grinning. They knew who they were. They were very different, very close friends. Meredith hoped that they always would be. They both turned to look at Theo, and Meredith felt a pang in her heart, the first since she had heard they'd saved the town. Theo was changing. It was the look on her face as she watched them that gave Meredith the pang. After being young, and while watching youth at its peak, she was once again aging, wrinkling, her hair going white instead of moonlit silver. At last, she was an old woman wearing a raincoat covered with bits of paper. â€Å"Mrs. Flowers!† This person, it was perfectly safe and right to kiss. Meredith flung her arms about the frail old woman, lifting her off her feet in excitement. Matt joined them, and they boosted her above their heads. They carried her like this to the Saitous, mother and daughter, who were watching the fire. There, sobered, they put her down. â€Å"Isobel,†Meredith said. â€Å"God! I'm so sorry – your home†¦Ã¢â‚¬  â€Å"Thank you,†Isobel said in her soft, slurred voice. Then she turned away. Meredith felt chil ed. She was even beginning to regret the celebration, when Mrs. Saitou said, â€Å"Do you know, this is the greatest moment in the history of our family? For hundreds of years, that ancient kitsune – oh, yes, I've always known what she was – has been forcing herself upon innocent humans. And for the last three centuries it has been my family line of samurai mikos that she has terrorized. Now my husband can come home at last.† Meredith looked at her, startled. Mrs. Saitou nodded. â€Å"He tried to defy her and she banished him from the house. Ever since Isobel was born, I have feared for her. And now, please forgive her. She has trouble expressing what she feels.† â€Å"I know about that,†Meredith said quietly. â€Å"I'l go have a little talk with her, if it's All right.† If ever in her life she could explain to a fel ow traveler what fun having fun was, she thought, it was now.