Catching a Train That Leads Nowhere The Psychology of the Inevitable

Since individuals have for a long while been itching to comprehend what their future is, they have been wanting to look under the drape that partitions the present and the on-coming. The intrigue consistently kept high as a sky, it has been a marvel why it is generally so extraordinary. A scholar of the past, the incomparable David Hume, attempted to clarify the purpose behind individuals to be so inquisitive, uniting an upsetting end with his savvy explanations.Advertising We will compose a custom paper test on Catching a Train That Leads Nowhere: The Psychology of the Inevitable explicitly for you for just $16.05 $11/page Learn More According to Hume, there is nothing so attractive thus unachievable as what's to come. the reason for occasions is something that individuals are continually attempting to assess and foresee, yet anyway hard they are attempting, their endeavors are bound to disappointment. Could there be any clarification for such a dismal situation? Hume practices that the information that we have results from the past experience and the circumstance that a man used to be in once. Hume thinks about such circumstances as the best way to cognize the world and its internal component, just as direct the investigation of the current situation. (Hume 47) This comes to his meaningful conclusion express. Since these are just the existence circumstances that individuals take their experience from, ands there is no other method to pick up information, on the grounds that there is entirely other source that could help, individuals can't have a clue about the aftereffects of their activities, since they have not changed the circumstance yet. It is just the aftertime when they at last comprehend the estimation of their deeds, yet before they can just supposition. Hume asks his crowd, Of what nature is the future, at that point? To state it is trial, is starting the inquiry. For all deductions for a fact assume, as their establishment, that the future will loo k like the past, and that comparative forces will be conjoined with comparative reasonable characteristics. On the off chance that there is any doubt that course of nature any change, and that the past might be no standard for the future, all experience gets futile, and that can offer ascent to no induction or end. (Hume 26) This point makes the substance of the hypothesis of determinism, which directs the law of the occasions bound with one another in the hover of life. This additionally presumes, to cognize the aftereffect of the activity that a man attempts, the person will undoubtedly know each situation that is associated with their activity; each and every detail must not get away from their consideration. This is basically incomprehensible, as per the determinism hypothesis, yet in addition concurring the basic sense.Advertising Looking for paper on reasoning? How about we check whether we can support you! Get your first paper with 15% OFF Learn More The way of thinking of Hu me likewise surmises that, in view of the way that a man can't have the foggiest idea about the consequence of his activities, he additionally can't control the future, not for a solitary second (Hume 79). The fantastic sense for a human’s brain research drives Hume to the way that a man can't work with the information on the future since it is something that lies past a man’s reach. It isn't that he questions that a man can work out an aptitude to predict the occasions putting together them with respect to the past experience that the person has gained subsequent to getting into the comparative circumstance. The possibility that he is attempting to pass on is that a man can't build al, the conceivable hypothetical models of things to come course of occasions. the components that a man is unconscious about might impact the present status of issues so much that the outcomes they will drag will turn out restricting to what exactly has been normal. In any case, Hume despi te everything plays the job of understanding into account †it is only that he makes it more irrelevant than different originations do: Thus, Hume’s notion concerning people’s being not able to foresee what's to come is incompletely clarified. Nonetheless, it is critical to take note of that the greater part of Hume’s hypotheses depend on the possibility that a man’s past encounter isn't to be thought about. This reality drives to another significant decision about Hume’s comprehension of the job of understanding and the fundamental idea of the world. Following his idea, one can say that Hume practiced the hypothesis of the occasions occurring as something single that can't be rehashed any longer. It additionally turns out to be certain that Hume bolstered the hypothesis of wariness that was before made and created by John Locke. The fate has the most significant impact in this play, and a man is left with two or three copies, if rewording the hypothesis in wonderful words. The resignation that Hume communicated in this subject is generally express as the center thought of his hypothesis of occasions is unwound.Advertising We will compose a custom article test on Catching a Train That Leads Nowhere: The Psychology of the Inevitable explicitly for you for just $16.05 $11/page Learn More However, not all researchers took Hume’s thoughts with eagerness. Some discovered his speculations brimming with logical inconsistencies. It tends to be proposed that the extraordinary rationalist overestimated the job of destiny in people’s lives, yet at the same time his thought is something that can't be denied. A man is inadequate to follow all the intimations that lead to the arrangement of the circumstance, and that makes the person in question incapable to anticipate what will occur in the closest two minutes, also the closest two years. Anyway pitiful this may sound. Individuals will always be unable to investigate the gem bundle of their future. There are extremely numerous things that decide it. However, there is still expectation that, rather than following our future, we will attempt to be answerable for the moves we make and the outcomes they bring. Works Cited Hume, David. An Enquiry Concerning Human Understanding. Newcastle: Forgotten Books Publishing. 2008. Print. This exposition on Catching a Train That Leads Nowhere: The Psychology of the Inevitable was composed and presented by client Dam0n to help you with your own examinations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; be that as it may, you should refer to it as needs be. You can give your paper here.

Goodyear: Aquatred

It is 1992 and Goodyear is wanting to discharge its new tire the Aquatred. The new tire is a top notch tire which reroutes water away from the fundamental track causing it to have unrivaled footing in wet conditions. With the dispatch of this tire coming up Goodyear has a few difficulties they have to make sense of, where would it be a good idea for them to value the Aquatred? Which kind of appropriation model would it be advisable for them to utilize? To make sense of this we will initially need to examine the current market and methods of appropriation. The tire market can be portioned in three different ways. The primary route is by tire, either by execution or wide line tires. Execution tires were increasingly costly however gave the customer more footing and control. Another section was by either OEM or substitution tires. OEM tires are those which are incorporated when another vehicle was bought and a traveler substitution tire are those which are purchased after beginning tires are exhausted. The last fragment was by significant brand which was about 36% of the market, littler brand which had 24% or by a private name which held a 40% offer. Goodyear was a significant brand and made about 65% of its incomes off of substitution tire deals, with the rest originating from OEM deals. The US substitution tire showcase in 1991 represented 8. 6 billion dollars. The Aquatred tire is to be propelled in the substitution advertise in light of the fact that it would take a couple of years to build up an agreement for OEM deals. This would be excessively long of a hold up on the grounds that contenders had their own renditions of the Aquatred because of discharge at some point inside starting 1993. Substitution tires were circulated to shoppers through an assortment of ways. One way was the point at which the tire maker offered direct to huge chains and wholesalers who exchanged the tires at retail, vehicle vendors and other optional outlets; this represented 40% of Goodyear’s deals. Another 10% of deals were offered to enormous chains and wholesalers who offered distinctly to auxiliary outlets and didn't sell retail. The remainder of Goodyear’s deals were from retail outlets which made up half of substitution tire deals. Conventional retail outlets for substitution tires comprised of six distinct channels: Garage/administration stations †offers auto administrations, sold both private and brand mark tires, deals have been in decay as of late because of lower cost higher volume outlets. Little free tire vendors †have a couple of areas where they sell and introduce tires while likewise offering auto administrations. Offer an assortment of brands yet make the most income off of private names Manufacturer-claimed outlets †possessed and worked by tire producers, offered one brand of tire and performed auto administrations. Distribution center clubs †low cost with restricted tire brand offering, didn't offer auto benefits simply tire establishments. Mass merchandisers †retail chains which sell tires just as other auto stock. Conveyed different brands and offered auto administrations. Enormous tire chains †for the most part had 30 †100 outlets inside one geographic district, conveyed many significant brands and private mark tires, they were low cost †high volume outlets. Goodyear didn't convey its tires through these retail choices. They just conveyed their tires through free vendors, maker possessed outlets and straightforwardly to government offices. Their immediate rivalry Michelin sold its tires for the most part through enormous chain sellers and distribution center clubs. The little free vendors represented half of Goodyear substitution tire deals incomes while producer claimed outlets represented about 30%. There were 4400 little free sellers which conveyed the Goodyear brand, anyway just 2500 of these vendors were viewed as dynamic by Goodyear which was uniquely about 57%. To be viewed as dynamic a little vendor must produce predictable degrees of deals, keep up significant Goodyear retail shows and offer the full line of Goodyear tires. A motivation behind why just 57% of little autonomous vendors were dynamic is on the grounds that a considerable lot of them were despondent about how Goodyear claimed around 1300 maker outlets all through the nation. This gave a portion of the little free sellers a disincentive to push Goodyear items. We can say this in light of the fact that the edges that little autonomous vendors found the middle value of 28% on Goodyear tires, 25% for other significant brands and about 20% for private mark tires. Another motivation behind why little autonomous sellers were unsatisfied was on the grounds that wholesalers and huge chain stores would once in a while get Goodyear tires and afterward promote Goodyear stock in any event, when they didn't have any in stock. They would then sell the customer another tire, this strategy was known as the sleight of hand and it discovered Sears on an inappropriate finish of two claims from Goodyear. Despite the fact that the edges for tires for free sellers were at an entirely sensible level they inferred practically 50% of their incomes from auto administrations, for example, oil changes, tire revolutions and minor motor work. This was on the grounds that buyers purchasing tires regularly alluded to it as resentment buy. The â€Å"average price† of a Goodyear tire in a little autonomous seller was about $75 per tire. In any case, Goodyear and the whole business found that its deals were a lot higher during limited time periods. This prompted the over advancement of tires and now has left the buyers expecting a type of arrangement when tires are bought. A large number of these advancements were frequently something like purchase three tires and the fourth is free. For this situation that implies that 4 tires were truly being sold for about $56 ($225/4 tires) contrasted with the $75 normal. This kind of advertising structure prompted the desire by shoppers that they ought to get it on the tires that they buy. Another deal strategy which offered tires to the purchasers was a producer ensure, which would regularly ensure the life of the tire somewhere in the range of 60,000 and 80,000 miles. This caused shoppers to feel just as they were getting a quality tire at a sensible value, which looking back pushed the free vendors to sell a greater amount of the cheap tires that accompanied the producer ensures. The Goodyear Aquatred tire would have been discharged in 1992, and Goodyear had to realize how to value it and which channels to disperse it through. The Aquatred tire was to be situated at the highest point of the line wide line section. This was on the grounds that the Aquatred separated itself by having the â€Å"Aquachannel† which was a profound forest down the center of the tire and directed the water out from underneath it to abstain from hydroplaning. At the point when tried in wet conditions this tire halted vehicles going at 55 miles for each hour an entire two vehicle lengths shorter than its all season tire rivalry. Goodyear was asserting that when the Aquatred was half worn it was still as compelling as a fresh out of the box new all season tire. The Aquatred tire was to be discharged with a Goodyear 60,000 mile ensure. Goodyear’s recommended retail cost of the Aquatred was $89. 95 for a dark sidewall and $93. 95 with a white sidewall. Examination †Where conveyance lays right now for Goodyear, predominantly little autonomous sellers and maker outlets, it would be inside their eventual benefits to bring down the cost of the Aquatred tire. I realize this is a superior tire, yet at the present retail costs that Goodyear is proposing they would be situating themselves out of their commercial center. Their valuing of the Aquatred tire is about $35 ($56 contrasted with $90) higher than a tire with a comparative mileage guarantee. I would bring down the cost of the Aquatred to some place in the $80 †$87 territory so when there was an advancement it would reflect $60 †$65 territory. This would show the buyer that the additional cash is for the nature of the tire and for the improved security of the travelers. Another key idea would to by no means offer to wholesalers and enormous chains, this pattern is proceeding to destroy their center channel of appropriation (little autonomous vendors). Something else I would do is make the producer outlets stock just the full lines of Goodyear at their stores when there weren’t any little autonomous sellers inside the area. Else, I would utilize the maker outlets to sell a greater amount of the Goodyear specialty items to do whatever it takes not to legitimately contend with the close by little free vendors. Another way I would attempt to please Goodyear’s little autonomous sellers is have the producer outlet’s retail costs be higher yet at the same time serious with them. I accept that this strategy will raise the measure of dynamic free vendors for Goodyear up from a humble 57%. To help the deals of the free vendors I would run a promoting effort that underscored the security of the Aquatred in brutal conditions. With the principle goal of the advertisement saying something like ‘isn’t your family’s improved security worth an extra $20? ’ I would likewise submit more advertisements toward the southern portion of the US where there would be no requirement for all season tires, and to a greater extent a business opportunity for the Aquatred. I would in any case promote in the north of the nation, there is simply more incentive in the south because of the absence of day off. These are my proposals for Goodyear.

The Twilight Saga 2 New Moon Chapter 2 STITCHES Free Essays

CARLISLE WAS NOT THE ONLY ONE WHO STAYED quiet. Hundreds of years of involvement with the crisis room were obvious in his peaceful, definitive voice. â€Å"Emmett, Rose, get Jasper outside. We will compose a custom article test on The Twilight Saga 2: New Moon Chapter 2 STITCHES or on the other hand any comparable point just for you Request Now † Unsmiling for once, Emmett gestured. â€Å"Come on, Jasper.† Jasper battled against Emmett’s unbreakable handle, winding around, coming to toward his sibling with his exposed teeth, his eyes still past explanation. Edward’s face was more white than bone as he wheeled to squat over me, taking a plainly protective position. A low admonition snarl slid from between his gripped teeth. I could tell that he wasn’t relaxing. Rosalie, her perfect face oddly priggish, stepped before Jasperkeeping a cautious good ways from his teethand helped Emmett wrestle him through the glass entryway that Esme held open, one hand squeezed over her mouth and nose. Esme’s heart-molded face was embarrassed. â€Å"I’m so heartbroken, Bella,† she cried as she followed the others into the yard. â€Å"Let me by, Edward,† Carlisle mumbled. A second passed, and afterward Edward gestured gradually and loosened up his position. Carlisle stooped adjacent to me, inclining near look at my arm. I could feel the stun solidified all over, and I attempted to form it. â€Å"Here, Carlisle,† Alice stated, giving him a towel. He shook his head. â€Å"Too much glass in the wound.† He came to over and tore a long, slight piece from the base of the white decorative spread. He curved it around my arm over the elbow to shape a tourniquet. The smell of the blood was making me tipsy. My ears rang. â€Å"Bella,† Carlisle said delicately. â€Å"Do you need me to drive you to the emergency clinic, or would you like me to deal with it here?† â€Å"Here, please,† I murmured. On the off chance that he took me to the emergency clinic, there would be no real way to keep this from Charlie. â€Å"I’ll get your bag,† Alice said. â€Å"Let’s take her to the kitchen table,† Carlisle said to Edward. Edward lifted me easily, while Carlisle kept the weight consistent on my arm. â€Å"How are you doing, Bella?† Carlisle inquired. â€Å"I’m fine.† My voice was sensibly consistent, which satisfied me. Edward’s face resembled stone. Alice was there. Carlisle’s dark pack was at that point on the table, a little yet splendid work area light connected to the divider. Edward sat me delicately into a seat, and Carlisle pulled up another. He went to work without a moment's delay. Edward remained over me, still defensive, still not relaxing. â€Å"Just go, Edward,† I moaned. â€Å"I can deal with it,† he demanded. Be that as it may, his jaw was unbending; his eyes ignited with the force of the thirst he battled, so much more awful for him than it was for the others. â€Å"You don’t should be a hero,† I said. â€Å"Carlisle can set me up without your assistance. Get some new air.† I recoiled as Carlisle planned something for my arm that stung. â€Å"I’ll stay,† he said. â€Å"Why are you so masochistic?† I murmured. Carlisle chose to mediate. â€Å"Edward, you should go get Jasper before he gets excessively far. I’m sure he’s annoyed with himself, and I question he’ll tune in to anybody yet you right now.† â€Å"Yes,† I anxiously concurred. â€Å"Go discover Jasper.† â€Å"You should accomplish something useful,† Alice included. Edward’s eyes limited as we picked on him, at the same time, at last, he gestured once and ran easily through the kitchen’s indirect access. I was certain he hadn’t slowly inhaled since I’d cut my finger. An unresponsive, dead inclination was spreading through my arm. In spite of the fact that it deleted the sting, it helped me to remember the slice, and I watched Carlisle’s face cautiously to divert me from what his hands were doing. His hair glimmered gold in the brilliant light as he twisted around my arm. I could feel the swoon stirrings of anxiety in the pit of my stomach, yet I was resolved not to let my typical queasiness bamboozle me. There was no torment now, only a delicate pulling impression that I attempted to overlook. No motivation to become ill like a child. In the event that she hadn’t been in my view, I wouldn’t have seen Alice surrender and take out of the room. With a little, sorry grin all the rage, she vanished through the kitchen entryway. â€Å"Well, that’s everyone,† I murmured. â€Å"I can clear a room, at least.† â€Å"It’s not your fault,† Carlisle ameliorated me with a laugh. â€Å"It could happen to anyone.† â€Å"Could† I rehashed. â€Å"But it normally simply happens to me.† He giggled once more. His casual quiet was just additionally stunning set in direct diverge from everybody else’s response. I couldn’t discover any hint of tension in his face. He worked with fast, sure developments. The main sound other than our tranquil breathing was the delicate plink, plink as the small parts of glass dropped individually to the table. â€Å"How would you be able to do this?† I requested. â€Å"Even Alice and Esme† I trailed off, shaking my head in wonder. In spite of the fact that the remainder of them had surrendered the conventional eating regimen of vampires similarly as completely as Carlisle had, he was the one in particular who could bear the smell of my blood without experiencing the serious allurement. Unmistakably, this was significantly more troublesome than he caused it to appear. â€Å"Years and long stretches of practice,† he let me know. â€Å"I scarcely notice the aroma anymore.† â€Å"Do you figure it would be more earnestly on the off chance that you got away from the emergency clinic for quite a while. Furthermore, weren’t around any blood?† â€Å"Maybe.† He shrugged his shoulders, yet his hands stayed consistent. â€Å"I’ve never felt the requirement for an all-encompassing holiday.† He flashed a splendid grin toward me. â€Å"I make the most of my work too much.† Plink, plink, plink. I was amazed at how much glass there appeared to be in my arm. I was enticed to look at the developing heap, just to check the size, yet I realized that thought would not be useful to my no-retching system. â€Å"What is it that you enjoy?† I pondered. It didn’t bode well to methe long periods of battle and abstinence he probably spent to arrive at where he could persevere through this so without any problem. Furthermore, I needed to keep him talking; the discussion kept my psyche off the nauseous inclination in my stomach. His dim eyes were quiet and attentive as he replied. â€Å"Hmm. What I appreciate the most is the point at which my improved capacities let me spare somebody who might some way or another have been lost. It’s charming realizing that, on account of what I can do, some people’s lives are better since I exist. Indeed, even the feeling of smell is a valuable analytic apparatus at times.† One side of his mouth pulled up into equal parts a grin. I reflected on that finished while he looked around, ensuring all the glass splinters were no more. At that point he scrounged in his sack for new devices, and I made an effort not to picture a needle and string. â€Å"You make a decent attempt to compensate for something that was never your fault,† I recommended while another sort of pulling began at the edges of my skin. â€Å"What I mean is, dislike you requested this. You didn’t pick this sort of life, but then you need to make a solid effort to be good.† â€Å"I don’t realize that I’m compensating for anything,† he differ softly. â€Å"Like everything throughout everyday life, I simply needed to choose how to manage what I was given.† â€Å"That makes it sound too easy.† He inspected my arm once more. â€Å"There,† he stated, cutting a string. â€Å"All done.† He cleaned a larger than average Q-tip, trickling with some syrup-hued fluid, completely over the activity site. The smell was bizarre; it made my head turn. The syrup recolored my skin. â€Å"In the start, though,† I squeezed while he taped another long bit of bandage safely set up, fixing it to my skin. â€Å"Why did you by any chance think to attempt an unexpected path in comparison to the conspicuous one?† His lips turned up in a private grin. â€Å"Hasn’t Edward disclosed to you this story?† â€Å"Yes. In any case, I’m attempting to comprehend what you were thinking† His face was out of nowhere genuine once more, and I thought about whether his considerations had gone to a similar spot that mine had. Considering what I would think whenI wouldn't think ifit was me. â€Å"You realize my dad was a clergyman,† he pondered as he cleaned the table cautiously, scouring everything down with wet bandage, and afterward doing it once more. The smell of liquor consumed in my nose. â€Å"He had a somewhat brutal perspective on the world, which I was at that point starting to address before the time that I changed.† Carlisle put all the messy dressing and the glass fragments into an unfilled gem bowl. I didn’t comprehend what he was doing, in any event, when he lit the match. At that point he tossed it onto the liquor splashed filaments, and the unexpected blast made me hop. â€Å"Sorry,† he was sorry. â€Å"That should do it So I didn’t concur with my father’s specific brand of confidence. Be that as it may, never, in the about 400 years now since I was conceived, have I at any point seen anything to make me question whether God exists in some structure or the other. Not in any case the appearance in the mirror.† I claimed to look at the dressing on my arm to shroud my astonishment at the heading our discussion had taken. Religion was the exact opposite thing I expected, taking everything into account. My own life was genuinely without conviction. Charlie viewed himself as a Lutheran, in light of the fact that that’s what his folks had been, however Sundays he revered by the stream with an angling rod shaft in his grasp. Renee evaluated a congregation from time to time, be that as it may, much like her short undertakings with tennis, earthenware, yoga, and French classes, she proceeded onward by the ti

ACT Scores

ACT Scores August 28 The newspaper of Woodward Bernstein  has really set the standard this year for its analysis of all things SAT and ACT. There is a good piece by Nick Anderson in The Washington Post, the newspaper that has really set the standard this year for reporting on the SAT and ACT. The piece by Anderson is entitled ACT college admissions testing grows, but scores stagnate that points out, through the use of data, how while more and more students are taking the ACT these days, the scores of ACT test-takers generally arent improving as a whole. And the administrators of the ACT think that high schools need to better prepare their graduates for college and their subsequent careers. As the piece points out, The average score for the high school Class of 2015 was 21, out of a maximum of 36. That was unchanged from the year before and largely echoed results going back a decade. Of 1.92 million people taking the test, the share who met the ACT college readiness standard in English was unchanged from the previous year: 64 percent. The share who met the math benchmark — 42 percent — has slid each year since reaching a peak of 46 percent in 2012. And the administrators of the ACT also expressed that theyve found racial disparities in ACT results, attributable to the quality of educations students in disadvantaged communities are receiving (and, of course, their lack of access to prep for the ACT which naturally went unstated by the ACT administrators). Not all students are fit for college and particularly not for four-year institutions so we dont happen to see the problem with the fact that these scores have remained relatively stagnant over the years. But it is certainly concerning that minority groups underperform on the exam. The fact is, though, the administrators of the ACT blaming schools for their educations theyre offering isnt completely fair. The ACT is a very coachable exam. Scores improve with the help of expert tutoring. Certain groups, particularly minorities in disadvantaged areas, cant afford such prep, though they would of course benefit from such prep. Maybe the administrators of the ACT should focus more on making the test more fair and less coachable rather than assigning blame to  the schools? Just a thought.

The Argument Against Raising Minimum Wage - 952 Words

Paying for a college education creates a dilemma when a student only earns minimum wage flipping burgers at a local fast food restaurant. The current federal minimum wage stands at $7.25 per hour before taxes. The debate on whether it should increase or remain constant has been occurring for many years. Raising the minimum wage to match the current cost of living seems like a good idea, but this could cause some negative effects. John Komlos’ article â€Å"Why raising the minimum wage is good economics† delivers a more effective argument than Rex Huppke’s article â€Å"The argument against raising minimum wage† through the use of ethos, logos, and a valid conclusion. To start with, ethos constitutes the first element of comparison between the articles. Beginning in â€Å"Why raising the minimum wage is good economics,† Komlos includes The Economist, a â€Å"weekly international news and business publication† to increase his credibility on thi s topic (The Economist, n.d., para. 1). Second, Komlos’ (2015) article contains â€Å"Alan Kruegar of Princeton University† (para. 7). One may not know Alan Kruegar, however reading Princeton University immediately catches the eye and gives Komlos more credibility. Additionally, Komlos supplies a synopsis about himself at the end of the article which allows the reader to see that he â€Å"is a professor emeritus of economics and of economic history at the University of Munich† (para. 14). In â€Å"The argument against raising minimum wage,† Huppke introduces fourShow MoreRelatedRaising The Minimum Wage?1575 Words   |  7 PagesThe issue of raising the minimum wage from $7.25 to $15 an hour is a heavily debated topic. Both sources against or in favor of the minimum wage refer to a â€Å"growing gap† between low-income workers and high-income earners. Sources against the minimum wage believe raising it will increase this gap, whereas those in favor of the minimum wage believe it will decrease this gap. The arguments in favor of the minimum wage rely mostly on ethical beliefs, such as â€Å"pay should reflect hard work,† to advanceRead MoreMinimum Wage During The Great Depression1419 Words   |  6 PagesThe Minimum Wage Battle In the United States, the minimum wage was passed during the Great Depression in 1938 to protect the buying power of normal workers in a period in which the â€Å"unemployment rate was still a very high 19 percent† (Sklar, 2009, p. 1). Since that time, there has been significant debate about the controversial topic of raising the federal minimum wage. The federal minimum wage law was created to eliminate unfair practices of sweat shops and manufacturing companies during this timeRead MoreShould the Federal Minimum Wage Be Raised?900 Words   |  4 Pagesthe United States is complicating whether or not our nation should raise the federal minimum wage. Ranging from researchers who have been studying this incompatible topic throughout their entire lives to amateurs who simply expose their opinions without any logical reasoning to the public are still not able to come to an agreement for a stable minimum wage. Many citizens may assume that increasing the minimum wage, $7.25, an hour, by a couple dollars may not make a significant impact to our economyRead MoreMinimum Wage And Fight Income Equality On Numerous Occasions1470 Words   |  6 PagesPresident Obama has expressed his desire to raise the minimum wage and fight income equality on numerous occasions. On January 20, 2015, president Obama made the following statement in his State of the Union Address: Of course, nothing helps families make ends meet like higher wages†¦and to everyone in this Congress who still refuses to raise the minimum wage, I say this: if you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to giveRead MoreThe Minimum Wage Act Of 20071607 Words   |  7 Pages Introduction In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as â€Å"a floor below wages,† to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplementRead More We Should NOT Raise the Minimum Wage1171 Words   |  5 Pages What would be so bad about raising minimum wage? Before other states jump on the $15 minimum-wage bandwagon, they might want to look at whats happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession in both the retail and the leisur e and hospitality sectors, Labor DepartmentRead MoreMcdonald s And The Minimum Wage993 Words   |  4 PagesMCDONALD’S AND THE MINIMUM WAGE Introduction Minimum wage has always been, and will probably always be, a controversial topic. Some believe raising the minimum wage is the solution to poverty, while others believe that raising the minimum wage is a recipe for â€Å"killing† jobs. This age old debate has come to the forefront recently as the â€Å"Fight for $15† by fast-food workers continues to grow. The campaign’s core argument is that the billion-dollar companies in the fast-food industry can afford toRead MoreShould We Increase Minimum Wage?1508 Words   |  6 PagesThe topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 toRead MoreCongress Should Raise The Federal Minimum Wage1042 Words   |  5 PagesMany Americans agree that Congress should raise the federal minimum wage, but do individuals truly know the effects of increasing the minimum wage to $15? Some people only look at the comprehensive view of seeking a higher salary, but the increase can cause many negative, as well as positive, effects. Several economists from across the country have done extensive research over the topic of the minimum wage increase, and many differing opinions have formed. 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British Literature Essay - 1614 Words

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My Topic Is Regarding the Demand and Supply for Particular Resources

Question: Discuss about topic of regarding the demand and supply for particular resources ? Answer : Introduction My topic is regarding the demand and supply for particular resources in Australia. I chose an article concerning the increase in electricity prices which led to a one percent national decline in the demand. The article was published in the Australian Business Review in 5th January 2017 (Kylar, 2017). I chose this topic and the essay since it was experienced countrywide. It did not happen to a given region. The article says the country at that time depended on two major power generating centers. These were AGL and Origin Energy. Some similar companies in the same industry are planning to close causing a slight decline in supply. Therefore, the prices were raised to meet the new equilibrium. Residential homes had an increase of $94 while small businesses had $297 more money to pay per year. The two dominating power stations also increased their prices by an average of $132 and $ 135 annually. Essence of the Story A large number of residents in Australia use electricity for lighting, heating, running devices and business activities. The decline of demand originated from the rise of prices. The issue happened when some power stations such as the Hazelwood in Victoria are retiring from the market. The remaining firms were forced to increase their supply to meet the deficit created by Hazelwood. That led to a decline in supply making prices to escalate. As a result, demand for electric power reduced countrywide. I chose the article since it may be interesting to the whole country. Individuals in Australia must have complained why the unit prices for the electric power are hiking. The article would be important in giving them answers. Moreover, researchers and investors could also be interested. The fact remains that most residents are switching to other forms of energy such as generators, and solar panels. The investors can now make cheaper power machines to take advantage of the market situation. Economic analysis. Based on microeconomics, demand is influenced by some factors such as changes in prices of commodities, income levels of the consumers, competition, and changes in consumer preferences (Jindal, 2016). The first three influenced demand since the rise of prices made consumers start disliking the service. Their income remained constant, and there was an availability of other sources of energy. They include CSIRO, Eurosolar, which offer and BP Solar affordable solar energies (Cludius, Forrest MacGill, 2014). Therefore, the citizens lost their tastes and preferences for the former power and shifted to the competing sources. That led to a decrease in demand. The issue raised both micro and macroeconomic factors. The first one occurred when some consumers found it unbearable to keep up with the electricity costs. They, therefore, switched to other sources. For the latter, it concerned the whole nation. Withdrawal of some firms in the sector led to a decline in the GDP. The federal government obtains money through taxation to the enterprises and charges imposed the consumers (Bird, 2016). Therefore, the remaining companies were forced to boost their supply to sustain all customers. The government, on the other hand, introduced a fiscal policy where it levied more taxes on the firms and the consumers to maintain its GDP (Ban, 2015). That made the prices to shift upwards. Recommendation This part gives a remedy to the issue. From my point of view, the problem originated from the closure of some of the central power stations. My first suggestion is based on the Victorian government policies. Anderson, (2017) says the Hazelwood was to close on 2005. However, the government privatized it for it realized its importance to the Victorian people. It was scheduled to close at 2030. The plant is now considering shutting down due to carbon taxes imposed by the federal government. Also, it will take three more years to demolish the premises. I would recommend the Victorian government to improvise ways of doing away with carbon disposal since it is the one causing the whole problem. Upon doing so, its tax rates for the same will also decline. The facility is a public good and provides much energy assistance to the residents. Besides, people the staff and contractors will lose their jobs, costs will go up due to reduced supply, the land will be degraded plus the same government will heavily spend on demolishing than paying the taxes (Enos, 2016). It can then postpone its closure up to the expected 2030. The other possible solution is letting private investors run the firm. It is changed from government-owned to privately-owned. Mbeche Dorward, (2014) say most government businesses are poorly managed and full of frauds. But when left under the control of an investor, the new management will run the company in the best manner. They will be focusing on profit maximization, and the company will last for long. Conclusion Based on the above analysis of the article, it is clear that prices in Australia regarding electricity shall go up. However, after studying the issue, it is realized only one power station, Hazelwood. The firm is government owned and is closing due to tax impositions. The report explains measures to keep the company in operation up to 2030. I base my conclusion to Hazelwood. Should it close, then people will face a crisis in paying high bills and taxes which the Victorian government will use to demolish the plant. If it adopts my recommendations, the plant shall operate till 2030. By that time a power solution will be available to replace Hazelwood if it will close. References Anderson, S. (2017). Hazelwood power station closure. Retrieved from www.abc.net.au: https://www.abc.net.au/news/2017-03-30/hazelwood-power-plant-shutdown-explained/8379756 Ban, C. (2015). Austerity versus stimulus? Understanding fiscal policy change at the International Monetary Fund since the great recession. Governance, 28(2), 167-183. Bird, R. M. (2016). Reforming International Taxation: Is the Process the Real Product? Hacienda Pblica Espaola, (217), 159. Cludius, J., Forrest, S., MacGill, I. (2014). Distributional effects of the Australian Renewable Energy Target (RET) through wholesale and retail electricity price impacts. Energy Policy, 71, 40-51. Enos, R. D. (2016). What the demolition of public housing teaches us about the impact of racial Threat on political behavior. American Journal of Political Science, 60(1), 123-142. Jindal, S. (2016). Factors Affecting Demand for Money: An Empirical Study Based on Time Series Analysis. Kylar, L. (2017). Electricity demand falls a little as supply plunges. Retrieved 4 25, 2017, from The Australian Business Review: https://www.theaustralian.com.au/business/mining-energy/electricity-demand-falls-a-little-as-supply-plunges/news-story/24ae8c69953dcae67ad2b2484052d43f Mbeche, R. M., Dorward, P. (2014). Privatisation, empowerment and accountability: What are the policy implications for establishing effective farmer organisations? Land Use Policy, 36, 285-295.