Friday, November 15, 2019
First Knight And The Ox-bow Incident :: essays research papers
First Knight and The Ox-Bow Incident In the novel, "The Ox-Bow Incident," and the movie, "First Knight," the differences by far out weighed the similarities. Some of the more evident similarities Round Table had a set book of laws and rules that all knights must abide by, regardless of their feelings were, the characters seemed to both have a leader which they followed, Tetley in "the Ox-Bow", and King Arthur in "First Knight". Both groups seemed to follow what their so-called "leaders" said. Nobody wanted to stand up to Tetley nor King Arthur, they just did what they were told, regardless of whether or not they felt that it was moral or not. Some of the differences range from; law, their feelings toward others, and their ethics and morale. The first difference is the two groups view on the law. The Knights of the about them. Whereas, the cowboys had a set of unwritten laws, which they changed whenever there was something that they wanted to pursue. Most of them felt that the law was wrong and too slow, so they often decided to take law into their own hands and form posses. If the majority of the people believed that a certain person is guilty or not, they would act upon him/her without a fair trial. Their view of the law was that it "just gets in the way" and should be abolished all together. The Knights believed that the law was good and is there for a reason, while the cowboys felt the law was wrong and took action into their own hands. The two groups both showed a special friendship for each other, yet their friendships were based on different feelings. They were always ready for action and didn't have the time to express their friendship to others. Their friendships were almost always a temporary thing, meaning one minute they could be your best friend and the next, your worst enemy. They also didn't express their love like the Knights did. They showed their appreciation through the respect of others while the Knights expressed their feelings through trust. The Knights, on the other hand, showed a great deal of love and friendship. Their relationships were based on assurance and trust, whereas the cowboys didn't rely on anyone. The Knights were also willing to sacrifice their lives for each other, while the cowboys would let each other die. So, in comparing the relationships of the two groups, they both had strong relationships with each other, yet they were based on two totally different ideas. The last major difference between the Knights and the cowboys was one of
Tuesday, November 12, 2019
Motivational Factor at Tesco Essay
These theories concentrate of the benefits and importance of motivation, however researcher found it necessary for this research to consider that as it is mentioned by Vercueil, 2001 incorrectly implemented motivation management causes a harmful affect on the employees. Watt, 1998 refers to Anon saying that in the past motivation could be identifies as a way to make people want what we want and differs it from manipulation that makes individuals do what we want. However today as it mentioned by Bruce and Pepitone, 1999 modern employees are much more sophisticated and are in search for a greater satisfaction from the job they are doing. Artificial reward or money alone are nor enough. Therefore modern organisations need to learn and understand human nature as it indicates why people in these case employees behave in a particular manner. Managers need to motivate the employee leading to a grater working performances and mainly managers have to understand their employees needs and their life organization in order to meet the employees expectations and motivate ones performance more efficiently. Staff retention is a significant element of every successful business. It is characterized by the employees desire to sustain in the organization and continuing contribution to the business. In times of economic crisis more and more individuals have to stay at their jobs even if conditions are not favorable due to a risk of being unable to provide for a family. However more and more individuals are raising the importance of staff motivation management. Organizations today have realized that a modern employee needs to be rightly motivated and encouraged, not only money wise, to ensure staff retention. Motivation is a force that stimulates people to perform an action. Therefore motivation is a force which compel people go to their work every day and that is why people bring improvement in themselves to satisfy the desire of becoming or accomplishing what they have set out to become or accomplish in their life. More over with motivation any complicated situation can be converted into a simple and learning experience. In his research Watt, 2003 also states that managers must understand that individuals want to be treated fairly and have equal opportunities to advance. He highlights the problem of motivation today. Often organizations do not recognize that the motivation management requires different approaches depending on the industry sectors. The problem of motivation and staff performance as it is stated by Green et al, 1999 might stay undetected, hidden and unresolved by the managers. Therefore managers often donââ¬â¢t realize that it is important not only to appeal to the individualââ¬â¢s intellect but to their hearts as well. Green et all, 1999 also identifies three main problems for motivation: ââ¬â Lack of confidence ââ¬â Lack of trust Lack of satisfaction Well designed and implemented motivation strategy leads to employeeââ¬â¢s retention therefore employeeââ¬â¢s loyalty. Loyalty is a significant and vital part of any organization. As it is mentioned by Daft and Marcic, 2011 management should learn to allow all it s employees make a contribution and use its talents and potential in order to progress and improve their sk ills. This sort of motivation creates employees retention and ensures ones constant grow and contribution to the company. TK MAXX has a well developed reward and development management. Organization believes that its people should be growing as well as the business. From the first time the employee joins the company organization provides a comprehensive induction programs and ensures that whether it is about moving up the career ladder, learning and development of new skills or gaining experience working in different countries there are plenty of available opportunities for the employees. Company has a strong rewards and benefits system, pension scheme, holidays, private healthcare and voluntary benefits as a part of its employee motivation and ensures of employees happiness and satisfaction. All this provides companies growth and efficient performances with a high rate of employeeââ¬â¢s retention. Researcher believes that T. K. Max is a real example of a right motivation management. Organization aims at ensuring satisfaction of its employees and at the same time ensures a solid growth and development for the business. Therefore the researcher wanted to examine the motivation strategies used by T. K. Max and analyze its effect on the employees. 1. 3. The Company Background The organization that we have chosen for our research is one of the most successful retailers in the market today. T. K. Max management in the Uxbridge branch were excited and happy to participate in our research and granted us with a permission to use the organizationââ¬â¢s name in this investigation. T-K Maxx is a chain of clothing and accessories stores. The company was launched in 1994. It is a subsidiary of TJX Companies Inc. (TJXtra, JUNE 2010) TK MAXX always aimed to deliver frequently changing and best quality products at a price which is 20-60% less than other department and specialty stores regular prices. TK MAXX has label of ââ¬Å"Always up to 60% lessâ⬠and has target customers who is middle to upper-middle income shopper. But simultaneously who are fashion and value conscious. T. K. MAXX is now 7th largest fashion retailer in the U. K. It introduced the off price concept in the UK and it is now the only major off-price retailer in Europe. It was operating in UK and Ireland. Later on T. K. Maxx opened first stores in Germany in 2007 and also entered in Poland in 2009 (TJXtra, JUNE 2010) The reason why we the researcher choose TK-Maxx as an organization is its market share and the enormous global scale that itââ¬â¢s operate. Having its unique position in UK market T. K.
Sunday, November 10, 2019
Essay on Carol Berkinââ¬â¢s Revolutionary Mothers Essay
Carol Berkin clearly states her thesis in the introduction of Revolutionary Mothers. ââ¬Å"Despite the absence of radical changes in gender ideology and gender roles for most women, the Revolution did lend legitimacy to new ideas about womenââ¬â¢s capacities and their proper rolesâ⬠. (Berkin 2005) In two thousand and fourteen it is questionable about how clearly womenââ¬â¢s roles have changed especially in the areas of economics and politics at least it is obvious that the revolution did not bring equality. Legal status has changed. Of course, educational opportunities have expanded greatly; however, it often appears the more things change the more they stay the same. Even our popular vernacular demonstrates an entrenched gender inequality. ââ¬Å"You throw like a girlâ⬠reveals poor physical performance. To concretely state subordination a person need only to make another their ââ¬Å"bitchâ⬠. Female autonomy is usually used to denote weakness. While women now have the right to vote it is interesting that in the US Senate only 20 of the 100 senators are female. Look to Fortune 500 CEOââ¬â¢s and you will find only 24 female CEOââ¬â¢s. (Fairchild 2014) It is standard knowledge that while women are legally entitled to their wages they make 82 cents to the dollar of a maleââ¬â¢s wages and even lower percentages for women of color. (US Department of Labor 2014) As a result of the Revolution, changes occurred. ââ¬Å"While all those who debated the woman question agreed on the intellectual and moral equality of the sexes, few believed that the two sexed shouldà employ their abilities in the same arenas.â⬠(Berkin 2005) If this is true of 1781, it is true of 2014 as well. Gender roles still ensure women are not equal social, economic, and political participants in the US. Clearly, women could not have demanded emancipation at the conclusion of the Revolution principally because of strict gender roles on the 1700ââ¬â¢s. Yet to assume women did not contemplate greater political, economic, and social equality because of gender roles would relegate them to inferior intellect and place Victorian ideology onto them in 2014. Women questioned their position as any other individual even though they did not collectively seek radical change. Berkin makes a strong case steeped with evidence about an independent political conscience emerging. Feme covert was the status 18th century women found themselves in upon marriage. This status meant her legal personhood disappeared with marriage as she was assumed by her husband as a dependent. Berkin begins her argument with the role of women at the time of the American Revolution. Women could assume new responsibilities because of her helpmate responsibilities without seeing those responsibilities in light of a desire to change her status. However, more than that was occurring. ââ¬Å"â⬠¦across the colonies, women and girls developed concerns outside the private world of the family and began to ââ¬Ëthink nationlyââ¬â¢.â⬠(ibid, 11) Largely because of womenââ¬â¢s roles in the process of boycotting goods, women utilized political power. Women became critical participants in the opposition to Britain. Gender could not stop the obvious question of what would be the meaning of the demanded changes. Purchasing power was used as an effective tool and the humanitiy that pushed women into participation must have also generated questions as to what ch anges would occure because of these protest. Gender roles might have inhibited the action of demanding change but it didnââ¬â¢t stop the question from beign raised. Being loving or even just obedient partners might explain their involvement but it could not surpress the natural inclienation of asking questions of why. The Edenton Resolves profess that although women owed obedience to their husbands their behavior was also for personal reasons, ââ¬Å"Yet they also declared that it was the duty they owed to themselves.â⬠(ibid, 22) Loyality and gender roles would impact female actions and motivations. ââ¬Å"Catherine Schuyler, wife of the American general Philip Schuyler, tossed flaming torches on her fields of wheat rather thanà see it used to feed General John Burgoyneââ¬â¢s invading army.â⬠(ibid, 41) Still primal motivations of survival and self interst would dominate motivation. ââ¬Å"The whole world appeared to me as a theatre, where nothing was acted buy cruelty, bloodshed, and oppression; where neither age nor sex escaped the horrors of injustice and violence; where lives and property of the innocent and inoffensive were in continual danger, and the lawless power ranged at large.â⬠(idib, 36) Survival motivated. Whether refering to camp followers or Generals wives, self interest moved human action. The Baroness von Riedessel, Martha Washington, or Caty Greene were all tied to their husbands and their success. Their decision to follow their husbands and face the challenges facing soldiers on the front lines with a definite grace related to their own futures and status as much as their husbands and each of these women would have known that fact. Surely loyality and affection played a role in their behavior, but not necessarily many more that self interest. Nathaneal Greene instructs his wife on her options during his absence, ââ¬Å"She chose neither of his suggestions.â⬠(ibid, 78) Instead she made her own choice on her own interest. Self interest were linked to an emerging independent conscience. Grace Galloway exposes this point. When her loyalist husband left her in Philadelphia she found herself in dire straits. Even when the government confiscated her property, she worked to retain economic rights. ââ¬Å"Grace did not surrender quietly. Throughout 1778, her journal entries show her determined attempts to separate and recover her dowry property from the rest of her husbandââ¬â¢s property.â⬠(ibid, 94) Female political conscience was also demonstrated by the shift in legal verbage. ââ¬Å"Thus statutes defining treason began to speak of ââ¬Ëpersonsââ¬â¢ rather than mne, of ââ¬Ëhe and sheââ¬â¢ rathen than ââ¬Ëheââ¬â¢ alonge.â⬠(ibid, 100) These ââ¬Å"â⬠¦independent political choicesâ⬠(ibid, 100) could be looked at as wifely duties but the law saw otherwise. Native America women also had to weigh self interest in dete rmining the best course of action and the wisest ally in the American Revolution. Gender roles among some Natives were quite different than most European gender roles. So a natural inability to compromise became extremely strained. ââ¬Å"For those steeped in the English traditions of subordination of women, womenââ¬â¢s councils and women warriors were a radical crossing of gender linesâ⬠¦There are few records of Indian womenââ¬â¢s view of English colonial society. Those that exist suggest amazement at the femaleà dependency and exclusion from political life that marked a culture that was as alien to them as theirs was to the English.â⬠(ibid, 109) Molly Bryantââ¬â¢s loyalty to Britain marked her belief in protecting her self-interest. ââ¬Å"She believed her political commitment to the Crown honored her husbandââ¬â¢s memory and, most importantly, served the best interest of her Mohawk kinsmen and women.â⬠(ibid, 112) For her entire life she worked as a political leader attempting to secure lands and rights for her people. Several other female Native leaders worked to secure Native interest. The American Revolution would greatly limit the voice of Native people and particularly Nativ e women but many Natives had a definite political conscience which they voiced loudly and often. Gender norms did not stop African Americans women from questioning the ideas of liberty promoted in the American Revolution. Likewise, the self-interest of the British crown encouraged them to court African Americans for support as Dunmoreââ¬â¢s Ethiopian Regiment attest. The chaos of the war offered opportunities for freedom and many sought refuge behind British lines. Usually these opportunities did not lend themselves to freedom with many Africans sold to the West Indies, yet the vast number and movement of Africans show the ability to work towards their own benefit and the ability to think politically. Berkin uses primary sources to lay out her claims including newspapers, letters, and diaries. Relying heavily on the work of Elizabeth Elletââ¬â¢s Women and the American Revolution, her work was influenced by the gender roles of the 1840ââ¬â¢s and 1850ââ¬â¢s. The Cult of Womanhood cloud the political conscience of Revolutionary women but even so that voice questions personal sovereignty. At times Berkin seems superficial in her arguments; still she argues that change did occur with the American Revolution. There was no great revolution for womenââ¬â¢s economic, political, and social equality. John Adams states, ââ¬Å"We are obliged to g o fair, and softly, and in Practice We are the subjects. We have only the Name of Masters, and rather than give up this, which would completely subject Us to the Despotism of the Petticoats, I hope General Washington and all our brave Heroes would fight.â⬠(ibid, 158) Even so the womenââ¬â¢s debate did cause pause. ââ¬Å"Reason rules, in every one, the same. No Right, has Man, his Equals to control, Since, all agree, There is no Sex in soul.â⬠(ibid, 151) ââ¬Å"Womenââ¬â¢s participation in the war had given concrete, empirical evidence of their ability to think rationally and make ethicalà judgments.â⬠(ibid, 152) Carol Berkin uses both famous and obscure women. She looks at patriots and loyalistis, trulls and Generalââ¬â¢s wives, Native Americans, African Americans, and spies. The idea of Revolutionary mothers who would train the upcoming generations of Republican citizens guaranteed changes in womenââ¬â¢s education but at the expense of extensions of rights for women. Yet changes in education would give voice to festering ideas. In spite of this revolution, political conscience began to develop. Suffrage was eventually won but not as an extension of the Revolution. Gender roles of 2014 still create a definite imbalance in society politically, economically, and socially. Women function, work, raise families, display citizenship, pay their bills, and interact within their communities within continued gender restrictions. Because we do not protest or demand immediate resolution does not mean we do not think about, contemplate these inequities. How could Abigail Adams prompt John Adams to ââ¬Å"Remember the Ladiesâ⬠if she did not have a conscience about the injustice of property and legal status of women? Berkin, Carol. Revolutionary Mothers Women in the Struggle for Americaââ¬â¢s Independence. New York: Vintage Books, 2005. Fairchild, Caroline. Fortune. July 8, 2014. http://fortune.com/2014/07/08/women-ceos-fortune-500-1000/ (accessed November 8, 2014). US Department of Labor. Bureau of Labor Statistics. October 24, 2014. http://www.bls.gov/news.release/pdf/wkyeng.pdf (accessed November 8, 2014).
Friday, November 8, 2019
Literary Analysis A Guide to Writing a Perfect Literary Analysis
Literary Analysis A Guide to Writing a Perfect Literary Analysis The process of learning how to write a literary analysis can be daunting and overwhelming at first, but as you gain more practice with this kind of thinking, you can craft a method that works best for you. Literary Analysis Essay A literary analysis essay is an argumentative analysis that carefully examines a piece of literature by looking at the characters of the story, theme, tone, setting as well as the plot and other literary devices used to narrate the story. It encourages a reader to think about how and why a novel, poem or play was written. Its meant to be an analysis of a key element in the literature thus you should refrain from writing a paper that explains every single point of the plot of the story. An argument can be raised by looking at the authors intentions and attempting to explain their significance or from a personal perspective in which case the original text has to defend and account for the argument to the reader. 7 TIPS TO WRITE A LITERATURE REVIEW The Purpose of a Reading Analysis The purpose of a literary analysis is to demonstrate why the author used specific characters, themes, settings, imagery, etc. to persuade the reader in a story. It tries to identify an important theme and then investigates the literary devices that the author used to reveal that theme. The literary analysis also helps to develop critical thinking skills in students by challenging them to look beyond the literal meanings by dissecting the story to see how the pieces fit together. Literary Analysis vs. Reading Analysis From a general view, literal analysis delves into the why and tries to understand the obvious and hidden meanings that lurk beneath the main plot. It causes one to not only reflect on the story itself but to understand the bigger picture of history, human condition etc. Reading analysis, on the other hand, is the act of reading to extract information. 5 Steps on How to Write a Literary Analysis Essay The process of learning how to write a literary analysis can be daunting and overwhelming at first, but as you gain more practice with this kind of thinking, you can craft a method that works best for you. Here is a guide that outlines everything you need to know to write a good literary analysis. 1. Choose and Focus on the Topic First, you need to read the work thoroughly and ensure you understand the plot of the play, poem or novel and who the characters are. An analysis is only possible when you have a clear understanding of the story. Always pick a topic that interests you as it is easier to start off with something you enjoy. Brainstorm a list of potential topics (themes) by asking yourself questions like, What was striking in the text? Why did the author write this? How are characters developed? How are the literary devices used? and try to look for connections and patterns by mapping out the different aspects of the chosen element. 2. Gather Evidence Its important for students to research the topic before writing. Collect enough material to help you answer or support your question. 3. Introduction to a Literary Analysis Essay The introduction to a literary analysis essay makes the first impression on a reader so its essential that you bring it out in a clear and concise manner. A good introduction to a literary analysis essay should provide relevant information about a particular aspect of a work of literature and orientate the reader to what will follow. The introduction must, therefore, include a book, author, title, main characters, short summary, and thesis. A thesis appears as the last sentence in the first paragraph and will mainly allude to the three main points you wish to address in the main body of the essay. Here is an example of a good thesis statement for literary analysis: In a Tale of Two Cities, Charles Dickens demonstrates the process by which an unfruitful and wasted life can be redeemed. Sidney Cartons intense love for Lucie Manette transforms him from a hopeless man into a hero and star whose life and death bring so much meaning. 4. The Body of a Literary Analysis Essay After the introduction, you will move towards the body of your essay where you present the paragraphs (usually three paragraphs for a 500-750 word essay) that support your thesis statement. Each paragraph in the body should include a topic sentence, textual evidence (paraphrase or quotation), commentary/explanation and a concluding sentence. 5. Conclusion of a Literary Analysis Essay This is the last paragraph in your essay which should reflect how your essay topic relates to the book as a whole. You will need to summarize all that you have discussed in the essay without introducing any new ideas. Formatting a Literary Analysis Literary analysis papers are generally written using MLA citation style formatting guidelines unless specified otherwise by your professor. Here is the article about MLA essay format with theà example: MLA ESSAY FORMAT Writing literary analysis is often a time-consuming activity that requires a lot of research and skill. With the use of our writing services, you will not only receive quality literary analysis essays even on the most challenging topics, but you will create a more professional piece that depicts you as one with a deep understanding of literature. Get an expert writing assistance today, place an order and leave your worries behind.
Tuesday, November 5, 2019
The #1 Left-Handed Scholarship
The #1 Left-Handed Scholarship SAT / ACT Prep Online Guides and Tips Youââ¬â¢ve struggled all your life with scissors. You felt distinctly discriminated against during handwriting classes in grade school. And shaking hands feels downright unnatural. In short, youââ¬â¢ve suffered. And everyone knows that for every challenge out there, thereââ¬â¢s a college scholarship to reward those who have struggled through it. Read on to hear about scholarships for you long-suffering lefties. Unique Scholarships for Unique People Did you know that one of the top search terms for scholarships is ââ¬Å"left handed scholarshipsâ⬠? There is certainly a lot of demand, and many students have heard rumors of scholarships that will reward them for interesting physical attributes that they were born with. In fact, there are several scholarships out there for tall people, short people, fat people, healthy people, disabled people, and people who are visually impaired. And itââ¬â¢s true ââ¬â thereââ¬â¢s also a scholarship out there for you lefties! Congratulations! But let me emphasize that: there is A scholarship out there for you lefties. As in singular. One. And itââ¬â¢s from a college youââ¬â¢ve probably never heard of. Youââ¬â¢re Just Not That Special Just kidding. You are special. Really. ââ¬Å"But why only one?!â⬠I can hear you shouting despairingly. I hate to be the bearer of bad news, but left-handed people are just not that special. The government doesn't consider left-handed people to be handicapped. Left-handed people haven't really suffered in any significant way. And they havenââ¬â¢t been discriminated against apart from in the relatively minor ways mentioned at the beginning of this article. In fact, about 10percent of the population is left-handed. There are approximately 700 million of you in the world. Iââ¬â¢ll repeat: You are just not that special. (At least, not because of your dominant hand. Otherwise, you're a snowflake! Promise!) The good news is now that you know this, you can move on and start finding better scholarships. If you're determined to get an unusual scholarship, check out our list. There are alsothousands of scholarships out there and you are most likely qualified for at least some of them already, and others you can work to get qualified for. In short, the sooner you stop looking for left-handed scholarships, the better. The Only Left-Handed Scholarship But in case you're not convinced that you should seek money elsewhere, read on to hear about the only scholarship in the country for left-handed people. The Frederick and Mary F. Beckley Scholarship is awarded to one or two left-handed students each year at Juniata College in Huntingdon, Pennsylvania. Never heard of Juniata? According to a press release on their web site, this is quite common. Many students only learn about the college when they are looking for a left-handed scholarship. In case you would like to learn more, Juniata is a quite strong liberal arts college with about 1,600 students. In addition to offering the countryââ¬â¢s only left-handed scholarship, they are unique for having ââ¬Å"Programs of Emphasisâ⬠instead of majors, a very eco-friendly campus, and accomplished menââ¬â¢s and womenââ¬â¢s Division III volleyball teams. They also host some fun annual events, including a Pig Roast and the Mr. Juniata Pageant. So How Did This Scholarship Come Into Being? Back in 1919, students Frederick Beckley and Mary Francis were paired together in their tennis class because the coach thought that left-handed people couldnââ¬â¢t play tennis as well as the other students. Though they ended up married because of this, Frederick and Mary apparently took the discriminative act to heart and set out to help future generations of Juniata students who might also be unfairly treated because of their unusual dominant hands. The final question on the Juniataââ¬â¢s financial aid questionnaire asks if students are right or left-handed, but students who choose the ââ¬Å"left-handedâ⬠option donââ¬â¢t have to prove it. From this, demonstrated financial need, and academic record at the college (the award is only for sophomores and above), a few students are chosen every year for the award. Once students receive the scholarship, they continue to receive the scholarship yearly until they graduate. In case it isnââ¬â¢t obvious, you cannot receive this scholarship unless you attend Juniata College. And seeing as there is no application process, even if you do choose to attend Juniata College to be awarded for your left-handedness, you canââ¬â¢t do much to ensure you get this scholarship except do well academically. The awards range between $1,000 and $1,500. Juniataââ¬â¢s estimated cost of attendance is $51,740 per year. In conclusion, Juniata may be a great fit for you ââ¬â for a lot of reasons that do not include this scholarship. But if money is a big consideration, and being left-handed is your only distinguishing feature, it seems like a gamble to choose this school on the off-chance that you will get awarded a minor scholarship for three of the four years. Whatââ¬â¢s Next? As Iââ¬â¢ve said, there are hundreds of thousands of scholarships out there. Check out our list of crazy scholarships if you would like to be unique. Many of them are open to all students willing to put in a bit of effort. If you can't get a full ride, don't give up! There are a lot of otherscholarships out there based on extracurriculars, such as community service, instead of academics. Not sure how much college would cost without a free ride? Check outthe real cost of attending college. Have you heard about a left-handed scholarship that we missed? Let us know in the comments. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:
Sunday, November 3, 2019
Macroeconomics Part 2 Essay Example | Topics and Well Written Essays - 1500 words
Macroeconomics Part 2 - Essay Example Demand pull inflation is caused by a rise in aggregate demand which means persistent rightward shifts in the aggregate demand curve. The rise in aggregate demand may occur due to rises in consumer demand, in the level of government expenditure, in investment by firm, in foreign residents demand for the countryââ¬â¢s exports or a combination of these four (Sloman 1997). Demand pull inflation is usually linked to a booming economy. When the economy is in recession, demand pull inflation tends be low. However, when the economy is near the peak of the business cycle, demand pull inflation is likely to be high. The graph above illustrates the rise in aggregate demand by a rightward shift in the aggregate demand curve, from AD1 to AD2. Prices rise from P1 to P2 and output rises from Q1 to Q2 resulting in inflation. On the other hand is the cost push inflation where high costs force firms to increase their prices (Gillespie 2001). Aggregate supply is the total amount of goods and service s produced at a given price level in an economy. When there is a fall in the aggregate supply of goods and services caused by an increase in the cost of production, cost-push inflation occurs.à Cost-push inflation essentially means that prices have rose by an increase in the costs of any of the four factors of production that is; labor, capital, land or entrepreneurship given that firms are already managing at maximum capacity. With increased costs and maximized productivity, firms cannot sustain profit margins by producing the same quantity of goods and services. Consequently, the increased costs are borne by consumers, causing an upward shift in the general price level. The graph above shows the amount of output that can be attained at the given price level.à As production costs escalate, aggregate supply falls from AS1 to AS2 (given production is at maximum capacity), causing the prices to increase from P1 to P2 and total output to decrease from Q1 to Q2. Demand pull and cost push inflation can occur together, since price rises can be caused both by increases in aggregate demand and by independent causes pushing up costs. Similar is the case with the UKââ¬â¢s economy. The UK Consumer Prices Index (CPI) annual inflation rate went up to 4.5% in April, from 4% in March (BBC 2011). As always, there are elements of both types of inflation in the UKââ¬â¢s economy. With the ongoing recovery and a slight increase in demand, there is a small level of demand pull inflation. However, the majority of the effect is cost-push. The increase in VAT is one of the major reasons of inflation in this economy, as well as increases in non-discretionary items such as fuel, utilities, housing and food. These are all necessities whose price hikes act more like an additional tax. The figure below shows the change in the UKââ¬â¢s annual quarterly rate of inflation over the last 15 years. b) Keeping inflation down to a desirable moderate level is an important contributive factor to sustain economic growth. This is because it serves as an incentive for increasing output, investments and unemployment. A rapid rate of inflation disrupts regular economic life leading to a wider income gap, falling output and unemployment. However, the remedy for such inflation depends on the cause. Therefore, government must diagnose its causes before implementing policies. Government policies may pull the rate of inflation down through contractionary fiscal and monetary policies. Monetary policy covers government changes in either the supply of
Friday, November 1, 2019
Germany Essay Example | Topics and Well Written Essays - 500 words - 4
Germany - Essay Example So while in some ways he did not want to enter the war, being a pacifist at heart, Wilson knew that the outcome of the war could have drastic impacts on the way the world worked after it, and these impacts would be decided upon solely by the victors. Knowing all this, Wilson wanted to have a seat at the victorââ¬â¢s table, in order to be a part of determining the new world order. His championing of the League of Nations following the First World War shows what kind of world order he imagined, and he perhaps thought that, through going to war this one time, he could help prevent future conflicts from ever occurring again. He was sadly mistaken, obviously, both because of the harsh reparations demanded by the allies and because o the US governmentââ¬â¢s unwillingness to take part in the League, but his aspirations were high all the same. So while the Zimmerman telegram was certainly inflammatory, there are definitely ways in which would could argue that it was used more as a pretext to enter the war than being the sole cause of the USââ¬â¢s entrance ââ¬â Wilson had a lot to gain in going to war for the Victorious side, and so probably would have taken much less inflammatory bait had it been presented. It is impossible to know for certain how the world would have turned out had the United States never entered the war: it is even hard to know which side would have won, or if victory ever would have happened in any kind of real way. I would argue that without US intervention, neither side would really have been able to win the war, and a much less harsh peace process would probably have had to occur, which would have led to better consequences. The defining feature of much of the First World War was a terrible stale-mate ââ¬â lines of trenches were established, and because defensive technology was, for this brief time period, so
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