The Economic Impact of Globalization on Turkey - 6413 Words

Introduction Globalization has affected the world in many different ways, including cultural exchange, language development, and information diffusion, along with worldwide economic and financial growth. Here we wish to analyse the costs and benefits of globalisation to the Republic of Turkey. More specifically, we will look at the economic and business impacts globalisation has made on Turkey and its current position with regard to the world economy. Current Economic Situation Today’s economic outlook for Turkey is deteriorating. GDP growth has been revised to 3.6% for 2008 (against 4.3% previously) and to 3.0% for 2009 (previously 4.0%). Turkey’s unemployment rate rose to 9.4%. The slowdown in growth in 2007 (GDP growth of 4.5%)†¦show more content†¦Therefore, there was not comparable increase in their exports. On the contrary, the rise of montage industries which used imported components to assemble the products primarily (i.e. electronic goods, motor vehicles, consumer durables, etc) meant that industrial growth required ever more imports. Paradoxically, the attempts at import substitution to decrease its trade balance deficit tended to aggravate it. This strategy also caused other problems: the capital-intensive nature of many industrial investments, especially those in the intermediate goods sector, caused employment in industry to grow relatively more slowly, which lead to structural unemployment. Moreover, dependence on imported petroleum to develop its industry made the country highly vulnerable to increases in oil prices. These are the threats for the country to achieve sustainable economic growth. Late 1970s and early 1980s: Economic Reform In the late 1970s, the industrial sector of Turkey had reached a turning point. In the short run, it needed to decrease the trade balance deficit. It was facing shortages of energy, imported machinery parts, and processing materials. These had caused a decline in industrial output during the last few years of the decade. In the longer run, to become more efficient and to be able to have more exports, the industrial structure had to be adjusted in accordance with the countrys comparative advantages. In effect, industry would have to transfer resources out ofShow MoreRelatedThe Economic Impact of Globalization on Turkey6421 Words   |  26 PagesIntroduction Globalization has affected the world in many different ways, including cultural exchange, language development, and information diffusion, along with worldwide economic and financial growth. Here we wish to analyse the costs and benefits of globalisation to the Republic of Turkey. More specifically, we will look at the economic and business impacts globalisation has made on Turkey and its current position with regard to the world economy. Current Economic Situation Today’s economic outlookRead MoreGlobalisation and International Integration1209 Words   |  5 Pagescountries, which occurs globally, affecting many aspects of society such as economic, cultural, social, political and religious. Globalisation has been a continual and growing process for centuries; although the process has developed at a faster pace since the beginning of the 20th century. For the purpose of this essay, I will be assessing how the process of globalisation has affected tourism, with particular focus on tourism in Turkey. Tourism is believed to have originated in the UK, as a result ofRead MoreVenezuelan Crisis: Grounds for Revolution? Essay1515 Words   |  7 Pagesinstitutions all across Venezuela stormed the streets in protest against the economic crisis that is still facing their country today. These student protesters claim that the protests are a result of the scarcity of goods, high rates of criminal violence, and inflation within the country. They believed that both the current and previous governments are responsible for the horrible conditions within the country because of economic policies that are currently in place. These policies include price controlsRead MoreThe World s Leading Maker Of Hydration Solutions1006 Words   |  5 Pagesthe way it impacts people’s lives and the environment. With such a focus, CamelBak hopes to broaden their customer base, as well as continue to inspire those who are passionate about their products. As one of the largest companies in the outdoor in dustry, and the leading provider of personal hydration products for outdoor, recreation, and military use, CamelBak has a lot of growth opportunities. One of the most significant opportunities being to expand in international markets. Turkey CamelBakRead MoreGlobalization and Tourism1223 Words   |  5 Pagesoccurs globally, affecting many aspects of society such as economic, cultural, social, political and religious ( Al Rodhan, 2006). Globalisation has been a continual and growing process for centuries; although the process has developed at a faster pace since the beginning of the 20th century. For the purpose of this essay, I will be assessing how the process of globalisation has affected tourism, with particular focus on tourism in Turkey. Tourism is believed to have originated in the UK, as a resultRead MoreGlobalization And Its Impact On The World1003 Words   |  5 PagesGLOBALIZATION We live in a time of worldwide change. What happens in one part of the world impacts people on the other side of the world. People around the world are influenced by common developments. The term â€Å"globalization† is used to describe this phenomenon. According to Harris, the term is being used in a variety of contexts. In a very broad context, media use it almost daily to refer to a wide variety of political, sociological, environmental, and economic trends. The business worldRead MoreEvaluation Of The Refugee Crisis921 Words   |  4 Pagesexamine the refugee crisis in Turkey by identifying various possible solutions, analyzing its contextual content, identifying possible barriers as well as identifying necessary resources, identifying its consequences and assessing the overall content. The Model of Inquiry requires us to imagine an action or change that is most likely to lead to better outcomes. Thus, in regards to the article by Angela Charlton and Suzan Frazer, some possible solutions that could allow Turkey to ease the flow of refugeeRead MoreGlobalization In Turkey Essay2165 Words   |  9 PagesGlobalization is the concept through which regional markets join in using a universal network to improve governmental ideas via communication, transport and trade. The concept is closely related to that of economic globalization which integrates national economies into the international economy. Such integration is achieved by trade, foreign direct investment, capital flows, and migration. Bhagwati (2004) observes that at a higher level it can incorporate the spread of technology and military presenceRead MoreReligious Conflict in Muslim Countries Essay1276 Words   |  6 Pageson a host of political, sociology, economics, and others. The world’s religions h ave adopted different responses to it, usually with a mixture adaptation and self-defense is designed to meet the new conditions. In short, societies show different ways to meet the secularizing trends. Accordingly, the impact of modern Western the cultures on Islamic societies have created an interesting debate the compatibility of secularization with Islamic values. Modern Turkey occupies a unique position in the relationshipRead MoreIn Tomas Barnett’s â€Å"The Pentagon’s New Map: It explains why we’re going to war and why we’ll keep1200 Words   |  5 Pagesregarding the relationship between globalization and future U.S. military engagements. The author contends that the future strategic framework of United States military operations will be heavily focused on nations that have not integrated the principles of globalization and continue to foster socio-economic instability, lack of security, and failed political structure. Barnett categorizes countries and regions in two specific categories in relation to globalization: functioning core and non-integrating

Analysis of Disability by Nancy Mairs - 1008 Words

University Of Balamand Faculty of Health Sciences English Communication Skills (Eng203) Critical analysis of â€Å"Disability† by Nancy Mairs Priscilla Farah May 11, 2012 Author of disability Nancy Mairs who’s a feminist and a cripple, has accomplished a lot in writing and teaching. Her remarkable personality shows in many of her essays especially in Disability which was first published in 1987 in the New York Times. In this essay, Nancy Mairs shows how disabled people are constantly excluded, especially from the media. By giving out facts and including her personal experiences, Mairs aims for making some changes regarding the relationship between the media and people with disabilities. Mairs thesis is shown implicitly in the first†¦show more content†¦Nancy Mairs starts â€Å"Disability† with self-revelations which show through her entire essay, like for instance: â€Å"I am a forty-three-year-old woman crippled with multiple sclerosis†¦Ã¢â‚¬ ; â€Å"take it from me†¦Ã¢â‚¬ ; â€Å"I’m the advertisers’ dream†¦Ã¢â‚¬  The fact that Nancy Mairs mentions herself a lot makes her essay l ack objectivity. But the reason behind this is that few are the people who can relate to this topic. So no one really knows what this is about as much as Mairs and all disabled people who form a minority do. This tells us that the author knows what she’s talking about. Since this essay is addressed to people who don’t know much about disability, its purpose is not merely to inform us about the physical disability itself but also about the psychological effects of the constant isolation and exclusion of people with disabilities. This makes the essay persuasive rather than argumentative since the author only mentioned her attitude towards this subject. But what a better way to do it than having a person with disability talk about his/her personal experiences? Persuading people of Mairs point of view which is that disabled people should be included in the daily activities couldn’t be done by just stating objective facts. This kind of persuasion needs examples. To p rove that disabled people are unfairly treated, Nancy Mairs gives an example of a crippled women who was stopped from doing what she wanted to do, though she was still physically able to doShow MoreRelatedAnalysis of Disability by Nancy Mairs1019 Words   |  5 PagesCritical analysis of â€Å"Disability† by Nancy Mairs Priscilla Farah May 11, 2012 Author of disability Nancy Mairs who’s a feminist and a cripple, has accomplished a lot in writing and teaching. Her remarkable personality shows in many of her essays especially in Disability which was first published in 1987 in the New York Times. In this essay, Nancy Mairs shows how disabled people are constantly excluded, especially from the media. By giving out facts and including her personal experiences, Mairs aimsRead MoreUnderstanding the Disabled Essay1225 Words   |  5 PagesThe first thought that crosses the mind of an able-bodied individual upon seeing a disabled person will undoubtedly pertain to their disability. This is for the most part because that is the first thing that a person would notice, as it could be perceived from a distance. However, due to the way that disability is portrayed in the media, and in our minds, your analysis of a disabled person rarely proceeds beyond that initial observation. This is the underlying problem behind why disabled people feelRead MoreCom 156 Daily Questions1076 Words   |  5 PagesQuestions †¢ Read the cause and effect essay titled â€Å"Struggling for Perfection† on pp. 829–832. What supporting elements did Amy Beck use to support her key points? †¢ Ch. 13 describes process analysis in detail. What is the main point of process analysis in writing? Why are the four basic steps of process analysis important? What happens if you skip a step? †¢ In EBSCOhost, locate the article titled â€Å"Morphing Video Games into Movies.† Identify what you believe are the strongest parts of the articleRead MoreThe Effects Of Imperialism In George Orwells Shooting An Elephant1633 Words   |  7 Pagesclaim and experiences are very relatable today because as long as there are fathers and mothers and families, there are going to be those that re-live the past and create memories that last their families a lifetime, or perhaps even longer.    Process Analysis: Joan Didion, On Keeping a Notebook   Ã‚  Ã‚   In the selection On Keeping a Notebook, Joan Didion uses her experiences in day to day life as a writer in order to demonstrate the importance/methods of keeping a daily notebook. Didion appeals to her audience

International Students At The American University

How many of you guys study well in the American Universityï ¼Å¸ Maybe some of you have problem in your academic study? To be a successful International student in the American University, International students should work hard and go to the student center of school and go to the writing center in order to find tutors for help. Also they can take lots of student’s activities in school. For most of International students, taking the activities in school, including language communication or club activities, will give then chances to communicate with local people and will give them chance to develop their English skills. Firstly, International students should go to the student center of school if they want to be a successful student in American†¦show more content†¦332). As I am the international student, I have the same experience because I can’t adapt into the American culture at the beginning of my university’s life. All of the two information show that if International students feel alone or missing home problem, they will distressful with their study and therefore they can’t study well at school. At this time, they can go to the school center for help. The author, Lee(2013) indicates that most school have the counseling service in the school center, this service is special for the international students who have difficulties in adjusting with the new environment and feel homesick and can’t have a good life in the university. After counseling with tutor, students feel better because tutors comfort them. After comforting by tutors, they can focus on their academic study because they will not remember the homesick or the difficulties in American. Secondly, International students should go to the Learning Writing Center if they want to be a successful student in American University. From the Journal of International Students, Banjong(2015) argues that International students haven’t any ability to fully follow lectures and take sufficient notes from these lectures because they can’t adequate the speaking speed of their professors and therefore they can’t understand the class lectures. (p. 137). Exactly,

The Impact Of Social Media On Business Essay - 965 Words

Introduction Today, many businesses are experiencing the effects of social media. Government, businesses, and communities interact through social media and use it to access their investors and potential customers. According to Donovan (2016), â€Å"Most types of businesses today make use of different tactics and techniques to make a significant exposure of their website to its target customers.† The goal is to use social media to maximize their potential in order to be one of the strongest participants in the business world. Problem Statement The purpose of this report is to show that even though some state that Social Media has fallen short of their expectations, it is actually good for business, given that it enhances the visibility of their brand and helps businesses stay connected to potential customers. Scope The Finders has identified that Social Media is good for business and will consider using the tools that have been stated in this report to communicate with target audiences. The Finders encourages using Social Media to advance the goals of The Finders and its mission where applicable. Analysis Social media is out there to help us every day. People can use it to research nearly everything, for example things like communication and even business marketing. There are many channels of social media. A few examples are Facebook, Twitter, LinkedIn, and YouTube, just to name a few of the popular ones. This study shows the performance of social media tactics according toShow MoreRelatedImpact Of Social Media On Business Essay1288 Words   |  6 Pagesin the direction of social media. Now, more than ever, consumers are wary of businesses and advertisements. As a result, the trust falls to a third party – a brand or person who is not affiliated with the company receiving the promotion. What does that mean for your business? Businesses are encouraged to become their consumers’ friends, chatting about a product or something related, in a manner that is non-threatening, and even enjoyable. The most effective way for a business, no matter the sizeRead MoreSocial Media And Its Impact On Business1641 Words   |  7 Pagesof and use social media they only think of it from a personal view. However, more and more companies have discovered that this electronic network can be used for business purposes as well. Social media can provide a platform for companies to share knowledge and opinions, and announce information to their audience of followers. It can also generate valuable data about how a company’s customers think, shop, vote, and spend their leisure time. Many companies have incorporated social media in their businessRead MoreThe Impact Of Social Media On Business Essay1644 Words   |  7 PagesThe relentless emergence of the diverse Social Media platforms has been impacting the way people and businesses interact and communicate with each other. The purpose of the paper is to highlight the dynamics by which businesses and particularly Business to Business (B2B) companies attract customers and promote their products and services to them using social media. With an increasing competitiveness in various fields and the innovative ways marketers use to bring new prospects, some businesses haveRead MoreImpact Of Social Media On Business2529 Words   |  11 Pagesknown as social media. Social media supports interpersonal communication and collabor ation through the use of internet-based platforms. Facebook, LinkedIn, Twitter, and Instagram are some of the well-known sites that are used by hundreds of millions of people. Although only 18 percent of managers believe that social media is important for their business today, more than 63 percent assert that they will be important for business within three years (Kiron et al. 2012). The economic impact of social mediaRead MoreSocial Media Impact on Business10631 Words   |  43 PagesContents: 1. Introduction 2 2. Social Media and Business 2 3. Types of Social Media and Their Importance for Companies 4 4. Social Media Functionality Blocks and Their Implications for Companies 7 5. Social Media and Information Half-life and Depth 10 6. LinkedIn Poll 12 7. Recruitment and Search for Talent 13 8. Advertising and Brands Enhancement 17 9. Customer Profiling and Customer Service and Realtionship Management 21 10. The Future of Social Media 25 11. Conslusion 28 12. References 29 1Read MoreImpact Of Social Media On Business1820 Words   |  8 PagesImpact of Social Media on Business: Effects of Social Networking Sites on Organisational / Academic Performance of London College of Business Management and Information Technology (LCBMIT) Index 1. Introduction 2. Background 3. Research Objectives and Methodology 4. Conclusion 5. References 6. Appendix A Introduction: The present study investigates the effect of use of Social Networking sites on organisational performance of LCBMIT. Blogs, tweets, moodle, and discussion boards, facebook updatesRead MoreSocial Media Impact on Business10637 Words   |  43 PagesContents: 1. Introduction 2 2. Social Media and Business 2 3. Types of Social Media and Their Importance for Companies 4 4. Social Media Functionality Blocks and Their Implications for Companies 7 5. Social Media and Information Half-life and Depth 10 6. LinkedIn Poll 12 7. Recruitment and Search for Talent 13 8. Advertising and Brands Enhancement 17 9. Customer Profiling and Customer Service and Realtionship Management 21 10. The Future of Social Media 25 11. Conslusion 28 12. ReferencesRead MoreImpact Of Social Media On Business Essay2383 Words   |  10 Pagestechnology expands, companies and business are gravitating more toward implicating the use of social media. The use of social media can be extremely beneficial to consumers and the business its self. Some of these benefits are the expansion of a business consumers, easier ways for employers to scout out potential employees. Social media also widens the sales market and improves customer satisfaction. Technology will continue to progress and so will the realms of social media. This study will answer theRead MoreImpact Of Social Media On Business Essay1461 Words   |  6 Pageshandbags, cosmetics, haute couture and perfumery among others. A lot of luxury shoppers are currently using the social media to discover new brands while recommending to their friends. It is, therefore, crucial to understanding the needs of the audience and what drives them as they use social media platforms. Social media analytics is a valuable tool in understanding the trends of social media and what a company can do to weigh its audience (Anstead and O#39;Loughlin, 2015, p. 204). The objectiveRead MoreThe Impact Of Social Media On Business1720 Words   |  7 Pageswith the creation and evolution of social media. Social media websites such as Facebook and Twitter allow for a greater interaction between businesses and their customers. There are many different ways that businesses use social media today to promote their brand. For example, some companies offer special promotions for their social media fans. The number one focus when using social media is communication between current and potential consumers and the business itself. This may be in the form of

Childbirth During The Nineteenth Century Essay - 1330 Words

The idea of childbirth has been viewed in three peculiar ways: a social natural occurrence, as a passage to an early death, and in present times a medical procedure needed when having children. In the seventieth and eighteenth century childbirth was seen as a social celebration conducted by midwives, while in the nineteenth century fear of death arose due to an increase of maternal mortality rates. This time period also served as a transition time between the elimination of the midwife and the emergence of the physician. The transition was due to attitude changes and knowledge understanding. During the twentieth century, medical knowledge expanded and thus the idea of childbirth was medicalized into a medical procedure needed to have healthy children. Childbirth once seen as a natural phenomenon was now an event that needed medical attention by health facilitators at institutions of health. The ideas around childbirth developed based on the knowledge, cultural setting, mortality rate s, and professionals available at the time. Based on these ideas it is easy to see how social and behavioral aspects influenced childbirth throughout the seventeenth, eighteenth, ninetieth and twentieth centuries. In addition, the communities’ views on childbirth were influenced by the development of public health infrastructure, public health policy advancement and how well public officials were able to disseminate information. In the colonial era, the majority of women spent their livesShow MoreRelatedThe Idea Of Childbirth Over Time Essay1611 Words   |  7 PagesThe idea of childbirth over time has been viewed in at least three different ways: as a social natural occurrence; as a passage to an early death; and in present times as a medical procedure needed when having children. In the seventeenth and eighteenth century childbirth was seen as a social celebration conducted by midwives, while in the nineteenth century fear of death arose due to an increase of maternal mor tality rates. This time period also served as a transition time between the eliminationRead MoreWolffs Analysis of Chopins The Awakening647 Words   |  3 Pagesnot only Ednas motivations, but also those of nineteenth-century women in general. According to Wolff, Ednas repression can be traced to the gender crisis that developed within the Presbyterian church during the nineteenth-century. Unlike the Puritans who believed that female sexuality had to be controlled, Victorian Calvinistic-Presbyterians argued that respectable women possessed no sexual feelings - except those indirectly associated with childbirth. Women who displayed sexual tendencies were characterizedRead MorePregnancy And Childbirth, The 1800 s Vs. Now932 Words   |  4 PagesRobin Yates’s paper, â€Å"Pregnancy and Childbirth, The 1800’s vs. Now: What to Expect When You’re Not Expecting,† was filled with many clear points on the advancement of labor and medicine since the 1800s. This e ssay was filled with interesting and grabbing facts; however, the structure of the essay needs more support. The first sentence of this essay was grabbing, â€Å"Blood everywhere, screaming and yelling, is this a battlefield?† (Yates 1). It was an excellent choice to start this essay off with aRead MorePostpartum Depression : Post Partum Depression1599 Words   |  7 Pagesâ€Å"Thinking of Ways to Harm Her†, in the fifth-century B.C. Hippocrates thought that a maternal-related delirium was the result of uterine fluid reaching the head following childbirth. This earliest misunderstanding of postpartum depression would only continue through the years as mothers who displayed symptoms were branded as witchcraft victims or witches themselves during the Middle Ages (Belluck, â€Å"Thinking of Ways to Harm Her†). In the nineteenth-century the mental conditions â€Å"puerperal insanity†Read MoreMartha Ballard s Diary Online1222 Words   |  5 Pages Ballard, Martha (1785-1812). â€Å"Martha Ballard’s Diary Online.† Do History Archive. Martha Ballard, a famous Maine midwife, attended more than eight hundred births during her twenty-seven year tenure as sole midwife to her community. She journaled regularly over the course other adult life, yielding nearly ten thousand diary entries in total. This archive provides an unparalleled look into the role of the midwife in the delivery process. Additionally, several of Martha Ballard’s patients, especiallyRead MoreNatural Birth Versus Medicalized Birth1156 Words   |  5 Pagesand medicalized birth as being .. However, medicalized births are becoming increasingly popular in the United States. The use of technology and medical interventions in the birthing process has increased despite the unchanged basic physiology of childbirth. One of the most common medical interventions in the birthing process is having a cesarean delivery. Despite the known risks of having a cesarean section performed, the rates of this procedure have increased much higher than the acceptab le rateRead MoreWomens Rights in Great Britain815 Words   |  4 Pagesin active activity during the twentieth century. Women’s rights had been in the making since the eighteenth century. Some of the earliest documented words for Women’s rights appeared in a letter to John Adams by his wife Abigail Adams. During the making of the United States constitution (from the eighteenth to nineteenth century), she wrote to her husband and asked him to â€Å"remember the ladies†. The first state to permit women to vote in the United States (before the nineteenth amendment was drafted)Read MoreScarlet Fever Essay858 Words   |  4 PagesScarlet fever is an infectious disease that has made itself prevalent throughout history. Many different countries have been affected by outbreaks of scarlet fever in the past. In the nineteenth century, scarlet fever was a serious epidemic, but with better hygiene and modern medicine, it is rare to see today. Scarlet fever is a bacterial infection that causes a red rash on the skin. It is caused by a toxin producing organism called Streptococcus pyogenes. This organism is rarely seen in wellRead MoreThe Practice Of Managing A Woman s Care1200 Words   |  5 Pageswoman’s care both pre- and post-partum. A midwife may provide gynecological services as well as provide care for the baby immediately after childbirth. A midwife is responsible caring for and advising expecting mothers. Midwives help the mothers through vaginal births. Midwives have been present at childbirth throughout history. Up until the mid-nineteenth century women chose to have their babies delivered by midwives. Midwives served as a vital part of the community. By helping the sick, helping mothersRead MoreIn The Nineteenth Century, The Industrial Revolution Caused1043 Words   |  5 PagesIn the nineteenth century, the industrial revolution caused a sharp differentiation between gender roles. Men and women were thought to have completely different roles. Men were seen as workers while women were seen as home-makers. Men and women were totally opposites each other. Marriage was seen as the only proper locale for sex, and women didn’t have any rights in their marriage lives. Birth controls were absent, and abortion was forbidden since 1800s. Sex within marriage usually meant frequent

My Struggle Essay Example For Students

My Struggle Essay Since I was young, there have always been a struggle between my parents and I. This situation began when my father passed away when I was three years old. Ihave lived with my mother and Step-father ever since. Although I love them both,we do not always seem to see eye to eye on many issues. The cause of this is inpart due to my wild nature. I like to stay out late and do things that if caughtcould get me in lots of trouble. I am under the impression that they resent myrelationship with my grandmother. I like to stay often with my grandmotherrather than at home, which they do not understand. I have stayed with mygrandmother every weekend since my father became sick with cancer, in 1982. After my father passed away in 1983, I continued to visit her. My mother andstepfather both respect my fathers mother a great deal, and would do anythingfor her. But they fail to see why I want to spend so much time with her. Mygrandmother is a large influence in my life. She has, and still does, so muchfor me. Nanny has always had a big heart for her family, but no one is as closeto her as myself. Since I was two years old, my grandmother and I have gone outand done many things together. We have had many great memories together which Iwill remember for the rest of my life. We have gone out to eat, watched manybaseball games togather, bone bowling, amd many other things. If my parentscould only realize how strongly I feel about her and the time I spend with myher. I wish they could be a little more considerate of my feelings and not putme in the position that they often do. The relationship between my grandmotherand I has been tested many times. As I was getting older, my parents wou ld tryto find things that would keep me from visiting her during the. They would findthings such as mowing the lawn, washing cars, and doing house chores. Thesething they know I hate to do, but they seemed to want them done anyway. Thoughthey do not mind when I spend some time with my grandmother, they feel that Ishould spend more time with them. My senior year in high school was the timethat they really were getting to me. Nanny broke her arm one day when she felldown in the kitchen. Since then I have moved in with her. They felt that thiswas a bad decision. I do love my parents dearly, but I felt that it was the bestthing at the time. As of this day I do not regret the decisions that I have madein regards to spending time with my grandmother. I love and respect my parents,still but wish that they would not put me in the positions that they do. Since Ibegan attending college, my parents have been a little more reasonable about theentire situation. This does not mean that they do no t still give me a hard time. I just hope that by the time I finish with college they will understand how Ifeel, and not worry me about as much as they do.

Demand Effects On Product Categories-Free-Samples-Myassignment

Questions: 1.As a producer, why is it important to consider the price elasticity of demand of your product when setting the price you are going to charge? 2.Explain the difference between comparative advantage an absolute advantage. Answers: 1.Introduction Price elasticity of demand can be specified a measure applied to present the responsiveness or elasticity of the quantity demanded to change in its price. Present report revolves around the analysis relating to impact on the price elasticity of demand for the product while setting the price. Analysis Impact of price elasticity of demand for product while setting its price Price Elasticity of Demand is referred as a measure of change in quantity demanded corresponding to change in the price of the product after considering other factors of demand like income, customer choice, etc. constant. It can be said as an essential aspect for analysing the responsiveness of consumers regarding fluctuation of pricing (Gelp, Wilms Croux, 2016). The product is deemed to have elastic demand in case the change in price is significant to change in demand. It can also be said as that a small change in price leads to a greater change in quantity demanded. The specified scenario is vice-versa in the case of products having inelastic demand. It means a change in price does not have a significant change in demand for the product. Price elasticity is the main variant while ascertaining the price which is to be charged from the customer as an inelastic demand allows for a more varied mix of pricing which comprises promotional pricing and discounting (Gillespie, 2014). Further, the price is ascertained after considering the required profitability and desired market share. Conclusion Above study depicts that price elasticity of demand plays a vital role in ascertaining the price of the product. Thus is it essential for producer to consider this aspect to make optimum utilization of available resources and to make increase in sales. 2.Introduction This part of study will discuss comparative advantage and absolute advantage by considering relevant example and connectivity of the same with Production possibilities frontiers in order to explain trade benefits. Analysis Difference between comparative advantage and absolute advantage Absolute advantage refers to the capability of producing more products with the application of less resource in comparison of competing for the entity. On the other hand comparative advantage refers to the capability of producing or manufacturing a specific good at lower opportunity and marginal cost in comparison to another party. Suppose Nation 1 and Nation 2 have resources for producing either Computer or Mobile phones, but both options cannot be selected on the simulatneous basis. Nation 1 can make production of 40,000 of computers or 1,00,000 of mobile phones. On the other hand Nation 2 can make production of 30,000 of computers or 1,50,000 of airplanes. PPF for both the nations is as follows: Figure 1: PPF of nation 1 Figure 2: PPF of nation B In the present case, both country can select only few combinations if they operate individually but with the trade benefits they will be able to committing 100% of their productivity and can attain higher production for both the products. Option of trade will provide complete specialization to both the countries. Conclusion It can be concluded from another part of the report that existence of comparative advantage provide benefit to both the parties from trading as each party will receive good at a price lower than it opportunity cost of producing that goo References Books and Journals Gelper, S., Wilms, I., Croux, C. (2016). Identifying demand effects in a large network of product categories.Journal of Retailing,92(1), 25-39. Levchenko, A. A., Zhang, J. (2016). The evolution of comparative advantage: Measurement and welfare implications.Journal of Monetary Economics,78, 96-111. Mert, M. (2016). Measuring Economic Growth and Its Relation with Production Possibility Frontier and Returns to Scale. Gillespie, A. (2014).Foundations of economics. Oxford University Press, USA