The Internet Essays (1001 words) - Digital Technology,

The Internet The Internet is the name for a group of worldwide information resources. These resources are so vast as to be well beyond the comprehension of a single human being. Not only is there no one who understands all of the Internet, there is no one who even understands most of the Internet (Harley 2). The Internet is often thought of as a computer network, or sometimes a group of computer networks connected to one another. The computer networks are simply the medium that carries the information. The beauty and utility of the Internet lie in the information itself that is being transmitted. The Internet has undergone a remarkable transformation since its early days. The original Internet was a low-speed, text-based network used to connect a few government sites to the research and defense contracting community. The Department of Defense began a project known as ARPAnet (Advanced Research Project Agency Network) back in the late 1960's, starting the first internet. It was designed by the network architects to interconnect government computers with defense contractors (Banta 2). The design of the network was such that no one computer system was dependent upon the functioning of any of the other computer systems. If any one computer network node was destroyed, such as in a nuclear attack, the rest of the network would continue to operate (Banta 2). In the 1970s, the Internet began to be interconnected with large universities and research organizations (Banta 2). The type of information going across the Internet began to change from that of being primarily government oriented to that of research oriented. During the 1980s, more universities and government contractors began using the internet contributing to its growth. As the amount of network traffic increased, the speed of the Internet began to slow down. In the mid - 1980s, the U.S. Department of Defense split the network into the ARPAnet and the MilNet. The MilNet consists of only traffic to and from military sites and other government locations vital for national defense. The National Science Foundation (NSF) took over ARPAnet and merged it into a high-speed network called NSFnet (Benta 2). The NSFnet was the prototype for the national Internet backbones that we have today. It provided high-speed links among scientists and supercomputing facilities and served as the main Internet traffic arteries for the United States. People at universities and elsewhere immediately began using the increased speed for everything other than supercomputing, and this led to the birth of the national Internet infrastructure. In 1995, the NSF handed over control of the Internet backbone to commercial carriers (Glen 3). In the last couple of years Internet usage has shifted from the university environment to that of becoming more commercial. The primary thing that has led to this shift was the development of the World Wide Web (the Web) by CERN (the high-energy physics research institute in Geneva, Switzerland). Coupled with this came the development of the first practical web browser, Mosaic, from the National Center for Supercomputing Applications (NCSA) (Glen 3). Today, the Internet is being used by all sorts People - educators, librarians, hobbyists, and business people - for a variety of purposes, from communicating with each other, to accessing valuable information and resources. To appreciate what the. Internet has to offer, imagine discovering a whole system of highways and high-speed connectors that cut hours off your commuting time. Or a library you could use any time of the day or night, with acres of books and resources and unlimited browsing. That's the Internet. Web browsers allowed people to explore the resources of the Internet in a way that was far easier than the original text-based applications like FTP (file transfer protocol, Gopher (a search engine), Telnet (remotely accessing a computer), etc. As more people become interested in the Internet, the more web browsers were developed and came into use. The main web browsers in use today are Netscape and Microsoft's Internet Explorer. Web browsers were developed that were more graphically (picture) oriented and easier to use than the old text based applications. This led to an increase in the number of people that began connecting themselves to the Internet and this led to a slow down in

Personality and Motivation Essays

Personality and Motivation Essays Personality and Motivation Essay Personality and Motivation Essay In this assignment, I will be talking about the many different theories that attempt to explain where your personality comes from and how it can change you as a person. It will also link this with where motivation comes from. Personality is defined as a persons attributes made up of physical, mental, emotional and social characteristics. Motivation is described as an incentive to complete a task. There are some theories of personality that suggest that you develop your personality from birth, which stay with you through childhood and into adulthood, whereas others say that you develop your personality throughout your life through experiences you encounter. This is known as the nature vs nurture debate. The nature side of this debate argues that you are born with your own unique personality which doesnt change through your life, similar to your genes. One example of this is the trait theory. The trait theory suggests that your personality is made up of a combination of various traits that combine to make your own personality thats different to everybody elses. This theory also says that you will always have these characteristics in whatever situation youre in. For example, if you have a very loud and confident personality, this theory suggests that this will show in whatever situation youre in. However, I think that this is the downfall of this theory because I believe that there will be some situations where this wouldnt be true. One example of this is that if you were in an unfamiliar place with people you had never met before, you would come over much more shy. However, if you were playing football with close friends, you will be much louder. On the other hand, there are theories that say you learn your personality from others in social situations. The main example of this is the social learning theory. One aspect of the theory is modelling. Modelling is described as looking up to someone and wanting to be like them. For example, you could watch your favourite footballer playing on and see them showing anger at other players and then copy them when playing yourself. One criticism of the theory is that it doesnt include both sides of the nature vs nurture debate into consideration and doesnt explain how the genes you inherit from your parents can affect your characteristics through life. One theory that does include both sides of the argument is the interactional approach theory, otherwise known as the trait-state approach. This is one of the few theories that takes both sides of the nature vs nurture debate into consideration. This theory is much more advanced than the trait theory and the social learning theory because it doesnt just concentrate on one particular reason, but instead takes more possibilities into consideration. The trait side of the theory covers the characteristics you are born with and take with you throughout your life. However, these characteristics can change depending on the situation you are in. This is the state side of the theory. It says neither traits nor situations can predict behaviour alone. For example, if someone is playing for a team, they will follow orders and do what they are told by the captain. But when they are made captain themselves their natural trait of being very commanding may show through much more. However there is one area that it doesnt cover and that is the aspect of free will, unlike the Matt Jarvis theory. Free will takes into consideration that people make impulse decisions when forced to make a quick choice. There are also three other parts to the Matt Jarvis theory. The four main points are past experiences, genetics, situation and free will. This theory covers all areas and doesnt just say that you get your personality from one place, but in fact a combination of factors. Past experiences effect how you act. For example if you have broken your leg playing football before, you are more likely to pull out of a tackle. The situation part of the theory takes how people behave in different places into consideration. Free will covers for the impulse decisions made on the spot and genetics explains how genes can affect personality, similar to Sheldons constitutional theory. However this is the most thorough theory and the one that I believe is the most accurate. There are so many influences on your personality that it is impossible to come up with a theory to cover every possibility. But this theory does cover most with the four parts. Looking at all theories I believe that it is impossible to predict where you get your personality from because there are so many life changing experiences that you live through and situations to affect how you act. Sport is definitely a good example of how personalities can change so easily. You could be playing football and act completely different depending on a number of factors, including where youre playing, who youre playing with, your role in the team and many more.  Personality is closely linked with motivation. There are many reasons why people play sport. These reasons can be split into two specific areas which are intrinsic motivation and extrinsic motivation.

Ethical Issues in Research Personal Statement Example | Topics and Well Written Essays - 1500 words

Ethical Issues in Research - Personal Statement Example Background: It describes the basic information and history about the programmes or the project which is being evaluated. Review of evaluation questions: This section describes the goals of the evaluation of the programmes. It includes specific evaluation questions and reasons for each question. Evaluation methods: These describe in detail the design and the process of the evaluation. This process of evaluation includes the major criteria used for selecting samples or the participants. It also explains the data collections approaches and the process of analysis of the data. Key findings: These are the main observation from the overall research programme which provides descriptions of the participants or the samples which include the demographics of the participants and the extent of participation. Conclusions: It contains the comparisons hypothesis of the research with the actual findings. It reflects the strength of the research programme identified in the evaluation and recommendati on for further improvement of the work i.e. the process of finding the results. It also describes the limitation of the research process and the evaluation process. ... A particular academic journal represents an in-depth analysis of a particular area of any subject. The main aim of this is to provide detailed analysis or information about a narrow topic of academics. An analysis is done in a much deeper level to find out the key outcomes and the limitations. Newspaper report: A newspaper report generally discuss the current or recent news or issues from diverse areas. It includes the accounts of eye witness for the happening events. Gene3rally newspaper reports answers almost all the questions like who, what, when, where, how and lastly the most important way. These articles are written keeping in mind the mass market knowledge base to understand and needful of the topic. These based on the study of the wide range of topic not in-depth research on a particular area. The main aim for this type of article is to make awareness of the mass about particular issues or detail facts which the readers need to aware of or sometimes they are interested to kno w to gain a wide range of knowledge. Section B Answer 1 The positivist research philosophy is derived from natural science and is characterized by hypothesis testing and development from the existing theories through the measurement of the social realities. This position assumes that the world exists for different externalities and objectives. The knowledge of the assumption is only valid if it is assumed based on the findings and the observations of any external realities and it needs to develop some theoretical models which can explain the cause and effectiveness of the possible outcomes.  

Finance Research Paper Example | Topics and Well Written Essays - 2000 words

Finance - Research Paper Example 1. Distribution analysis American Eagle Outfitters (AEO) has got outlets in USA as well as in Canada. All total there are more than 900 stores in and around USA and Canada. There are more than 150 stand alone stores in USA. The compnay has presence in more than 76 different international countries. AEO produces its own products and also sells them under the same brand name. Although the products itself may have different brand name but it comes from the same fashion house. The supply chain of AEO is a two level process only. Thus, the number of intermeidaries are comparatively low. The raw matrials are sourced from 15 different suppliers and the 5 different manufacturers produce the final products. The products are shipped to the warehouses (Bethel 24). They remain in the warehouse till new order for delivery are received. The products are then shifted to the distribution centre and from the distribution centre to the airports and ports. Most of the time the products are shifted thro ugh the ports. This is because of the reason that the waterway offers the most efficient and cost effective way to transport the goods. Once the goods reach the ports, then the goods are trasported from the ports to the distribution centre (Alchain 780). The manufacturing centres are present in Pittsburgh, in USA. The goods are sent using both railway and roadway. The outlets are spread all across the States. As mentioned there are about 150 stand alone shops. The stand alone shops deal with American Eagle Outfitters products only (Betty 602). These outlets have large holding capacity of apparel products. So the products are stored on season basis. The small shops or the multi brand shops are supplied with products on a monthly basis. The stand alone shops sometime also act distribution centres for the smaller outlets or the multi brand shops. Fig 1: Distribution system Source: (Betty 607) The following diagram gives a schematic view of the supply and distribution system of AEO. The orders are processed and then sorted in order of the importance and delivery date. Then the inventory is assesed to find out how much additional orders need to be put with the manufacturers to suffice the demands (Modigliani 262). The products are then packed and kept ready to be shifted to the distribution centres in case of inland distribution (Boyd 20). If overseas distribution is involved then the products get shifted directly from the warehouses to the airports and the ports, for airlifting and transportation through waterways. Fig 2: Value chain Source: (Boyd 24) 2. Market analysis USA has one of the largest apparel market in the world. USA alone constitutes 28% of the total global market. The market value of the USA apparel is USD 331 B. The apparel industry employes about 105, 457 people on an average basis. Although the percentage share of people employed by the USA apparel market is quite small in comparison to the rest of the world (Boyd 30). This is because of the reaso n that the the percentage share denoted by USA in terms of employment size is significantly small in comparison to the huge percentage share (28%) in terms of market value. The market share is analysed by denoting the total value of all the apparels sold in each quarter as well as by

Influencial Person during the American Revolution Essay

Influencial Person during the American Revolution - Essay Example He was born in Thetford, England, to a corset-maker father and a religious mother, both of whom were Quakers1. He enrolled in school, attending regularly until almost the age of thirteen, when he was forced to drop out and learn his father’s trade. Deciding that he disliked being a corset-maker, he tried a number of other trades, including teacher, grocer, and excise tax collector2. While he worked his best at these occupations, Paine really had no desire to make these occupations his for the rest of his life, and therefore fared badly in all of them. Paine came to the colonies in 1774, settling in Philadelphia after meeting with Benjamin Franklin in London. Franklin wrote what was known at the time as â€Å"letters of introduction† for Paine, and Paine left for the colonies to begin a new life3. Less than two years later, Paine found himself embroiled in the American Revolution. Many Americans believed, at first, that the fight with the British was not about independen ce or gaining any sort of freedom, but rather to plead with the King for a redress of grievances4. In 1775, when the revolution had progressed as far as the Battles of Lexington and Bunker Hill, four of the Founding Fathers, including John Adams, Benjamin Rush, Benjamin Franklin, and George Washington, met to review dispatches, during which time Paine entered the room5. After being introduced by Franklin, Paine states frankly, â€Å"These States of America must be independent of England. That is the only solution to this question!†6 Though most of the men felt that this was, in essence, a shocking statement, they all realized that Paine was right, and that independence must be achieved if they were to live freely from England7. Paine proceeded, not long after, to write the pamphlet that would energize the American people, entitled Common Sense. In this pamphlet, he addressed the problems of the English monarchy, the advisability of separation from England and gaining American independence, the nature of the American colonists as a society, and also made some modest proposals for a new form of government8. His motive, in writing the pamphlet, was not only to plant the idea of independence in the minds of the colonists but to turn the anger of Americans away from particular parliamentary measures and towards what he considered the root of the problem, which, in his mind, was the English constitution itself9. Common Sense sold more than 100,000 copies in only a few months, and helped to create a rapid growth of support for the idea of independence in the early months of 177610. One of the reasons for its success was that, by coincidence, it was published first on the same day that a speech from the King of England reached the United States, denouncing all Americans in the colonies as traitors and rebels, and stating frankly that it would be the right of England to bind the colonies forever11. Though at first it was read with a wide amount of alarm, as most colonists knew from almost the first words that it was a statement against the grain of normal thought at the time, after taking many pauses and re-reading it over and over again, most of the American public came to realize that Paine was right, and that independence would be the only way to free themselves from English tyranny forever12. Paine had an audience ready to listen to him and hail him as a prophet not because of his words, but

Definition and determinants of price elasticity

Definition and determinants of price elasticity Definition of price elasticity (PES) to supply refers to a measurement of relationship between change in quantity supplied and a change in price. There is a few determinants that affects the outcome of the PES. One of the determinants is time period. Supply will be more elastic when time given to a company to change its adjustment is more. In short run, the time given to firms and companies are too short to adjust or change and adapt. For example, Sammys burger face a shortage of beef meat as raw material. It is inelastic if the time period is limited to a few hours only. The price of the burger might increase but the there is simple no other methods to help Sammy. In long run, time given to firms and producers are long enough to adjust their firm size and prepare for firms to enter or leave. In this way, Sammy would have enough time to search for alternate way for new resources. Another determinant is resource substitution possibilities, which means some goods or product that can only be produced or made by using special technique or limited resources. These products have a very low elasticity of supply or maybe zero. However goods which are commonly produced that could be simply found have a relatively high elasticity of supply. Example, Louis Vuitton handbags are all handmade from genuine leather, hence there are less products that may substitute it. The PES of Louis Vuitton is much more inelastic. Question 2B Price Businesses can use the concept price elasticity to decide their pricing strategy by determining whether the good to be sold is inelastic, elastic, unitary, perfectly inelastic, and perfectly elastic. If the price elasticity is inelastic it shows that the percentage change in quantity demanded is less than the percentage change in price. For example, good A is given a discount of 10%, but quantity demanded only increased slightly by a 3%, thus is will be a smarter way to gain more profit by increasing the price instead of decreasing and only quantity demanded will only decrease slightly. Diagram 2.1 shows the demand curve of this case. 10% Quantity demanded D Diagram 2.1- Inelastic Demand 4% Furthermore, when the demand of a certain good is elastic it shows a scenario which the percentage change in quantity demanded is larger than the percentage change in price. For example, good B is an inelastic good, hence giving discounts or decreasing the price will attract more customers, thus increasing the total revenue of the business. Diagram 2.2 shows the demand curve of good B decreasing the price by 10% and earning 20% more quantity demanded. Price 10% D 20% Quantity demanded Diagram 2.2- Elastic Demand Thirdly, if demand of a good is unitary elastic, which the percentage change in quantity demanded equals to the percentage change in price. Any rise in price will be exactly offset by a fall in quantity, leaving the total revenue unchanged. In Diagram 2.3, it shows that when given a 10% discount, quantity demanded will increase by 10%; the total revenue earned is the same as before discount. Therefore, producer should decrease the price of product, manufacturing less goods saving more time and man power and redirecting it to another productive product. Price 10% D Quantity demanded Diagram 2.3-Unitary Elastic 10% When demand is perfectly inelastic, the quantity demanded will not change as the price change. Consumers will not response to any change in price at all. In diagram 2.4, it shows that when price decrease by 10%; no changes are to be seen. Hence if producers increase the price of the product, quantity demanded will not be affected. Price D 10% Quantity demanded Diagram 2.4- Perfectly Inelastic Price Last but not least is perfectly elastic demand, where only slight percentage change in price will cause an infinite percentage change in quantity demanded. This means that consumers have a great response to a change in price. Hence, producers should remain the price or follow the market value and not simply changing the price because a small change can bring an infinite change in quantity demanded. D Quantity demanded Diagram 2.5- Perfectly elastic Question 3A Supply is the production of a certain good or product by suppliers or future suppliers for the market a variation of price at a certain time period. From the law of supply, if the price of a certain good increase, so will the quantity supplied of the good. A supply curve is a graph that shows quantity of goods that producers will supply according to the price. The graph will always sloped upwards to the right side because quantity supply is bigger at a dearer price. Diagram 3.1 shows how a supply curve is. Price Quantity supplied Diagram 3.1 S0 Price There are a few reasons supply of a product will increase. If there is an increase in supply, the supply curve will shift rightwards. Diagram 3.2 shows a shift in the supply curve from S0 to S1. S1 Diagram 3.2 Quantity supplied Firstly, a decrease or increase in the cost of making a good will determine the supply. In this case, cost of raw material or packaging too will affect the cost price. If cost of raw material for a certain good drop, suppliers will tend to produce more good and hence the supply will increase. Example, the cost of flour drops and results to an increase supply of bread. The drop in cost of flour the raw material of bread will lower down the cost of production thus suppliers will be able to produce more. Hence, the supply increases. Secondly, the improvement in technology will affect the supply of a certain good. Improvement in technology is able to decrease the cost of production and increase productivity of a certain good, thus resulting in an increase in supply of good at every price level. For example, the development in robotic arms and computers enabled car manufacturers to produce cars in a faster pace yet with a promising product. Hence, car manufacturers can cut cost at man power and also costly mistakes. Supply will increase as the technology continues to develop. Last but not least, is the price of substitute goods and competitive goods that may affect the supply of a good. Producing these goods requires similarly the same raw material. Hence, producers will choose to concentrate on the product which is more profitable and a better demand rate. Example, nukia N99 is more popular compared to nukia M99, thus producers will try to produce more nukia N99 which is more profitable than nukia M99. Hence supply of nukia N99 will increase. Question 3B Economists are saying that price floor and price ceilings can control the distribution of scarce good to those consumers who value them most highly. Price floor also know as minimum price is set above the equilibrium price to take effect. By doing so, goods have to be sold at a minimum price; hence minimum profits are earned by suppliers. On the other hand, price ceiling or the maximum price is set below the equilibrium price to take effect, lowering the price will attract consumers. Diagram 3.3 shows the price floor and Diagram 3.4 shows the price ceiling. Price S e Pe D Piece ceiling (Max. price) Diagram 3.3 Price Ceiling Quantity Demand Price D S Quantity Demand Piece Floor (Min. price) e Pe Diagram 3.4- Price Floor S : Supply curve D : Demand curve Pe : Price Equilibrium e : Equilibrium point Rationing function of price is the increase or decrease in price to clear the market of any shortage or surplus, while the resource allocation defines as an amount of resource given to a party for a specific purpose. The price floor and price ceiling are said to be stifle the rationing function of prices and distort resource allocation because they are made by the government to make sure suppliers gain profit. But this may result in surplus between demand and supply. As an example, good A is set at a price floor of $20 which is $5 more than the price at equilibrium. Some consumers are willing and able to buy the product at a higher price, and producers will continue supply good A. producers may raise the price of good A, but in return less consumer will buy it. This may result a surplus in the market. Other than that it also results distort resource allocation because not all products are able to be sell out. S: Supply curve D: Demand curve Pe: Price Equilibrium S Price of good A surplus $20 Pe D Quantity demand of good A Furthermore, once a price ceiling is put onto a good by the government, a shortage will happen between the supply and the demand of the product which eventually causes stifle of rationing function of prices and distorts the resource allocation. For example, salts have a price ceiling of $3 per packet, which is determined by the government. In other words, consumers are able to buy salt at a much cheaper price. But suppliers will not be able to make a better profit; hence supply will be limited by producers. This results to a shortage of salt in the market. Distort resource allocation occurs, thus not all consumers are able to buy salt because of the stocks are limited. Price of salt (per packet) S: Supply curve D: Demand curve Pe: Price Equilibrium Quantity of sugar (package) S Shortage Pe $3 D Question 5A The definition of demand can be defined as quantities of a good or service that people are ready and willing to buy at various prices within some given time period, other factor besides price held constant, ceteris paribus. Price of Cintan First of all, a change in demand will cause the demand curve to shift rightwards. Other than the price of the good itself, there are a few other determinants that leads to a shift in the curve. Some of the determinants are price of substitute or complementary good, size of a household income, taste and fashion, weather condition, and etc. the curve will shift rightwards if there is an increase in demand and vice versa. Example, a drop in the price of Maggie instant noodle which is the substitute of Cintan instant noodle drops from $3 to $2. In this case, the demand of Cintan will drop, hence the demand curve of Cintan will shift leftwards. This is because consumers will be attracted by the cheaper good and not the dearer one. According to the law of demand, as the price of a good decrease, the quantity demanded of the good rises and vice versa, ceteris paribus. Diagram 5.1 shows the demand curve of Cintan instant noodle shift from D0 to D1 when a there is a decrease in demand. D1 D0 Diagram 5.1 Quantity Demanded On the other hand, a change in quantity demanded is shown as a movement along the demand curve. The one and only factor which can results a change in quantity demanded is the price of the good itself. When the price decreases, the quantity demanded will increase and vice versa, ceteris paribus. For example, in Diagram 5.2 an upward movement from A to B along the demand curve due to an increase in price of cheese from $5 to $8. The quantity demanded of cheese decreases from Qd0 to QD1 according to law of demand. Price of cheese($) 8 B 5 A Diagram 5.2 D Qd1 Qd0 Quantity demanded of cheese D: Demand curve A: point A B: point B Qd: Quantity demanded Question 5B Income elasticity of demand (YED) shows the proportionate  change  in the  demand  for a good in  response  to a change in households income. YED can also be explained as the percentage change in quantity demanded divided by the percentage change in households income. Below is the way YED is written down in formula form: The percentage change in quantity demanded YED = The percentage change in households income There are several degrees affecting the YED. First degree of all is the positive YED. The outcome of the YED is a positive outcome, which means that demand will rise as income rise too. Positive YED can be further broken down into two categories, income elastic and income inelastic. Income elastic is said to be income elastic when the outcome is greater than 0 but lesser than 1 (0< YED 1) it is said to be income inelastic. This is because the percentage change in quantity demanded differs by a large percentage over the percentage change in households income. The good is known as luxury, example of luxury goods are branded items, sport cars, and branded clothes. Second degree of YED is negative YED, which is a negative outcome of YED value (YED< 0). In this case, when demand falls, income rises. Goods under this degree are known as inferior good. Example of inferior goods are second-hand items, replica items, and low class good. Last but not least is when YED equals exactly to zero (YED = 0 ). This only occurs when the quantity demanded does not change as the income changes. All the goods under this degree are necessity. Basic needs such as rice and salt are utilized on daily life, hence income will not affect the demand. Question 6A Diagram 6.1 Consumer surplus is the difference between total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay. Producer surplus is the difference between what producers are willing and able to supply a god for and the price they actually receive. The level of producer surplus is shown by the area above the curve and below the market price. Price of good Consumer Surplus S: Supply curve D: Demand curve Pe: Price equilibrium Q: Quantity D S Pe Quantity of good Producer Surplus Consumer surplus shows the highest price customers are willing to pay and the market price that they are actually paying for. Consumer surplus tells us that customers gets the benefit from paying lesser than the actual price. The area under the demand curve and above the price equilibrium represents the consumers surplus. For example. A consumer whom is willing to pay $20 for Good A but the actual price for Good A is only $5 to have it. Hence the consumer surplus is $5 which is the value that is paid lesser than what he is willing to pay. Other than that, the area above the supply curve and under the price equilibrium represents the producers surplus. For example, producers are willing to sell their product shoe at a price of $100 but instead the market paid them $200. Hence, the producers received $100 more than they are willing to take, $100 is the producers surplus. (Geoff Riley, Eton College, September 2006, http://tutor2u.net/economics/revision-notes/a2-micro-consumer-producer-surplus.html .) Question 6B Scarcity, choice and opportunity cost are the three basic concepts of economics. Scarcity is a case where human needs are in excess compared to resources available. Choice is the time where humans are force to make a choice by scarcity between two or more choices. But for every choice humans make, another will be sacrificed, and the sacrificed choice are known as opportunity costs. The above concepts are best explained by a production possibility frontier graph (PPH) that shows various maximum combination of two outputs that the economy produce. A few assumptions are set on the PPF graph- only two products produced, efficient production, fixes production, and fixed technology. Moreover, any points outside the reach of the PPF is unattainable points and the point which lies beneath the PPF is possible to achieve and is also known as attainable points but usually not desirable, inefficient points. While points on the curve are possible outputs that is known as efficient points. E B A 10 9 C 8 5 D 2 4 3 1 0 Diagram 6.1 Combinations Television Radios A 0 10 B 1 9 C 2 8 D 3 5 E 4 0 Table 6.1 In this case, the society faces a scarce resource to produce televisions and radios. Therefore, the society will have to make a choice to produce which good more or less. If combination A is chosen, 10 radios will be produced while none for television. 4 television are sacrificed or taken as opportunity cost. The following combinations happens as the table shown above.

Aristotle Essays -- essays research papers

Aristotle   Ã‚  Ã‚  Ã‚  Ã‚  In our fast paced technologically advanced society today, our governments have evolved into supposedly well oiled machines effectively managing budgets, jails, militaries, as well as many other programs. Unfortunately, many of these governments are not as well organized, as they could be. Democratic countries like France, Germany, and even the United States have some very serious shortcomings to the way their governments are managed. These problems occur, many times at a very basic level, rather than at the minor details. One problem that is consistent with many countries is the maintenance of governmental programs over large geographical areas. Many times geographic or social differences within countries are what cause these problems. The ancient Greek philosopher Aristotle had simple, yet ingenious ways to deal with problems, precisely like these. Aristotle solved this problem, for example, by dividing the country into both geographic and social regions. Then h e would have smaller governments for each of these sections. These divisions were similar to states or provinces in some modern countries today. Aristotle’s ideas, in general, on governmental politics were revolutionary in Athens, when he wrote them and some could even have positive effects on governments today. Modern governments, such as Germany, France, and the United States could all use Aristotle’s ideas to make their own governments run much more efficiently. Aristotle even had plans to minimize corruption, a big problem in most governments today (politics 1286a). If modern democratic countries based their political philosophies more on Aristotle’s theories, they could run smoother and do a better job of supporting the people, which is what democracies were made for in the first place.   Ã‚  Ã‚  Ã‚   The polis is a partnership of citizens in a system of government that serves to achieve the common good. It is not just a place where people live together for defense against enemies and for the exchange of goods. It is rather a partnership between households, clans, and villages for the sake of a fully developed and self-sufficient life. The polis gives those who possess wisdom and moral intellect a chance to move up to high positions Justice is the political good in the polis, and it must promote the common interest of the people. What is perceived to be good has to be distrib... ...ld have authority rather than those who are "best fit to rule", and groups few in number. Although everyone in the polis may not be a political scientist, they can work better together with peers. With each individual having qualities of excellence and intelligence, they join to form a single entity.   Ã‚  Ã‚  Ã‚  Ã‚  The real difference between democracy and oligarchy is between poverty and wealth. Oligarchy occurs when rulers owe their power to wealth whether or not they are the majority. Tyranny can be described as the worst of two potential evils. It is extreme oligarchy in its "distrust of the masses" and extreme democracy in its "hostility to the noteables" (Page 211). Aristotle says the best form is one based on merit. A combination between oligarchy and democracy is constitutional government.   Ã‚  Ã‚  Ã‚  Ã‚  Although people can agree on what justice is, they often fail to reach it because they can not stop from pursuing their own goals and desires. A good government can moderate between what people think is just and what is best for the common good. Aristotle's theories are fundamentals of our current political system and earned him the title "The Father of Political Science."