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Essays on Economics

People Or Profits?
Download This PaperWords: 1215 - Pages: 5

... as a hospital lose millions everyday to give health care to those who can't afford it? An average person like me would feel for the person who could not afford sufficient health insurance, and as in the case above, the baby inside that mother's womb didn't choose its financial situation, or its parents. That baby didn't ask to be born, and it wasn't given a chance to live. It wasn't necessarily the doctors fault, and it wasn't even his or her decision, because of business. Business has moved to the heart of health care, a place once relatively cushioned from the pursuit of profit that drives the rest of the U.S. economy. Throughout the history of the United Sta ...



How Employees Affect Consumer Behavior
Download This PaperWords: 665 - Pages: 3

... but it is and it's even worse when people are telling others how great your competitor treated them. I've had a few experiences where I have felt that I haven't been treated properly or fairly by store employees. Most of the time I've been able to find another person to help solve my problem and I was able to walk away a satisfied customer. There are some instances when I have consciously went to a competing business, because of the way I was treated. I know I am not the only person who does this, so I feel it is very important to have a work force that helps market your products, by being friendly and knowledgeable. This will prevent customers from turning ...



Why Launch An Advertising Campaign
Download This PaperWords: 1518 - Pages: 6

... is also another factor to take notice of. Market segmentation helps to differentiate products for different age groups. For most product, there are segments of the market that you need to specifically advertise to. Fore example, different methods of advertising would be needed if you were to advertise to parents than to the children. For a lot of products their are a lot of age groups that you need to advertise for and these must be taken into consideration. We must analyse the different market segments that are applicable to Pakanawa and investigate how we can exploit these different market segments. An ad campaign is a very sensible idea because no-one wi ...



Hiring Minorities
Download This PaperWords: 2108 - Pages: 8

... ways, except race. The black applicant is selected, not because of skills or qualifications (in that case the white man would have provided the same result), but for his skin color. This seems to be blatant discrimination, but many believe it is justified. Some feel retribution for years of discrimination is reason enough, but that issue will be discussed later. First, lets focus on why this is not a solution to creating an unbiased society. Martin Luther King Jr. had a dream: "I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character." He desired a ...



The Japanese Economy
Download This PaperWords: 689 - Pages: 3

... the average Japanese person canıt pay that much and will have to buy a Japanese made car and at the same time in other countries they are selling their cars for less than anyone else in that country and that is what they do with most of their products and is how they get a trade surplus year after year. Manufacturing is the most important economic activity in Japan it accounts for about 28% of itıs GDP. The Japanese people import more than half of the products that they manufacture from other countries in their crudest form and manufacture them into transportation equipment, iron, steel, chemicals, petroleum and coal products and textiles. Most of these product ...



The Tobacco Industry
Download This PaperWords: 1143 - Pages: 5

... in a unique flip system that uses a slow, overlapping conveyor system before it enters actual production. The system allows the top side of the tobacco to be inspected as it moves along the top conveyor. As tobacco falls to the bottom conveyor, the pile is flipped and the bottom of the pile is inspected. Damaged and foreign material is removed from the tobacco piles at this point. In order to regulate the flow, material is blended and entered on the line into bulk feeders. A weighing belt system helps maintain a consistent even flow rate through the process. The ordering cylinder is the next step in the automation process. Here steam, heat and/or water dep ...



Inaccuracies Of The Consumer Price Index(CPI)
Download This PaperWords: 452 - Pages: 2

... basket is assumed not to change, it does because consumers change their spending patterns. Because consumers substitute lower priced products in lieu of higher priced ones, the weight has shifted. The CPI assumes that this does not occur and therefore it overcompensates the standard of living. Secondly, because the base period was over a decade ago, the quality of the products has increased significantly, and therefore the prices should be higher. The CPI, however, assumes that the increases in prices is a result of inflation rather than quality improvements which is false. Here also, the CPI overstates the rate of inflation. Many consumers do not mind the over ...



What Are Five Factors Which Contribute To The Failure Of New Restaurants?
Download This PaperWords: 1594 - Pages: 6

... wisdom also suggests that about 50% of the remaining restaurants will fail in their second year of operation and another 33% in the third year. This means that if 100 new restaurants were to open this year, 50 to 80 would fail before their first anniversary. That would leave 30 restaurants open in the year two. Half of these 30 would subsequently fail in their second year, and a final third of those remaining would fail in their third year. As a result, there is about a 90% compound failure rate over the first 3 years of a restaurants lifespan. (Mullen & Woods, 61) You are not alone if you feel intimidated by the numbers. They can be quite blun ...



Chaos In The Currency Markets : Currency Crisis Of The EMS
Download This PaperWords: 827 - Pages: 4

... rate movement. The government controls is one of the factors affecting exchange rate. The government can influence the equilibrium exchange rate in many way, including direct intervening (buying and selling currencies) in the foreign exchange markets and indirect intervening by affecting macro variables such as interest rates. 2. What does the crisis of September 1992 tell you about the weakness of fixed exchange rate regimes? From European currency crisis of September 1992, it shows us that there are weakness of the fixed exchange rate system. When exchange rate are tied, a high interest rate in one country has a strong influence on interest rates in the other ...



Confucian Values And Japan's Industrialization
Download This PaperWords: 772 - Pages: 3

... not to question authority. These traditions carried over into the post war period and allowed authoritarian regimes in the four little dragons to go unquestioned by the public. This lack of dissent allowed the four little dragons to have stable governments which were critical to investment and industrialization. The stability of these nations was a direct result of Confucian values being indoctrinated into the population. Confucian placement of the group over the individual and strong belief in filial piety also caused families and local communities to accept social responsibility for members of their community. This safety net that was provided by communitie ...




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