Business Economics Essay Example | Topics and Well Written Essays - 4000 words

Business Economics - Essay ExampleWessels however points out that this does not inevitably mean that the citizens of the US have better living standard than their counterparts in the UK. (21). GDP therefore cannot be used as the sole factor in measuring the living standards of the citizens of a country. However chances are that a country with a high GDP has a better standard of living than that with a low GDP.So what encompasses GDP Well there are a number of components which when added together make up the GDP of a country. According to Sowell, they include role which is denoted by letter C, Investment which is denoted by letter I, spending by government and fin every last(predicate) toldy exports and imports denoted by letter X and M respectively. Consumption refers to all the money spent by citizens of a country in vitiateing goods and services which they expect will satisfy their needs. This includes money spent on food, barter for of new clothes as well as entertainment. (5 0-51)Sowell further notes that spending by the government is another component of the GDP. For example the UK government spends money to buy new military equipment and also pay its workers. (70).This expenditure is also part of the countrys GDP. Investments into an economy are also used in calculation of the Gross home(prenominal) Product. ... To get the accurate nurse of GDP economist add the value of all goods produced in a country and then subtract the value of all goods which are imported. The total components of GDP is expressed mathematically as Y=C+I+G+(X-M). (Sowell 80-81)Wessels notes that measuring GDP is critical if economists are to congeal the rate of growth of an economy. In measuring GDP economists use two major methods, the expenditure method and the income approach. (qtd.in Wessels 71). The expenditure approach involves adding the total amount of money of money spent on final goods. In this case, GDP equals C+I+G+ (NX) where NX represents gross exports. The inco me approach involves adding all the income received by citizens of a country either through compensation, income from rental property, and profits of corporate organizations. Mathematically this can be expressed as GDP= Employee Compensation+Rental Income+ corporeal Profits+Net Interest+Proprietor profits.UK GDP Figure for the year 2009 The GDP of the UK is estimated to be worth 315.5billion.What does this meanThe figure indicated above means that the total value of all goods produced in the UK in the 2008 to 2009 financial year amounts to 315.5 billion. This makes it the sixth largest economy in the world and third largest in Europe.How well did the GDP grow in 2009In measuring the GDP of an economy, economists divide a given year into quarters. The growth of the economy in each quarter is measured and then a comparison is made with the previous quarter so as to note the difference which constitutes actual growth.(Wessels 55). For instance in the UK economy, GDP fell by 0.4% in the third quarter of 2009. In the second quarter of the same year GDP declined by a value of 0.6%. In

Recommendation letter Essay Example | Topics and Well Written Essays - 250 words - 4

Recommendation letter - Essay ExampleSurname usually chatter with me if he has any challenging issue and I must confess that he is one of the most astounding people with critical problem resolve skills I have ever met, in spite of his young age.For the period I have known him, Surname has shown his undying passion for civil engineering. One day, I received a call from surname asking if he could see me. When I invited him over to my place, his first question after greetings was, do you think I empennage become the most successful civil engineer in my agricultural? I could only boost his ambition by telling him he could be worlds best civil engineer because I knew his potential. Surname plans to be a government consultant and improve the condition of roads in his country in the best way he can.However, he can only achieve this by pursuing a higher level of education. As such, your innovation is a major link for surname to achieve his long-lived dream. Moreover, your university has ever been the most appealing institution for him to pursue his dream programme. Your assistance will be extremely appreciated. Thank

Generation X Essay Example | Topics and Well Written Essays - 1250 words

Generation X - Essay ExampleAt one localize of time like Baby Boomers they drive been center of the strategies of marketers and business strategists. According to Morton (2003) population of Generation X is approximately 46 millions and they have $125 million spending power. The ethnic representation of various ethnic groups in the Generation X is as followsGeneration X had been different in the way it had reared, the motley of education they got and the socio-cultural changes they bought within the US society and are still bringing. At the time when Generation X was growing up, majority of them had experienced the pain of garbled families. This lead to several changes in behavioral and cultural aspects of the society with Gen X. Generation X had less emotional dependency on their parents or family members. They had learnt to live in an emotionally independent environment where they had to live in stepfamilies, broken families or in a family where both the parents were working. The parents of their generation had less time and took less military campaign to provide emotional support and security to the children. Spending most of the time alone, individual of this generation had developed a mind set where they did not have trust on any kind of institution be it family or other social structures. Generation X was the first generation which stayed back home(a) alone, in front of television sets. The programs of those days were full of violence, crime and pop culture. These impacted the mind of this generation which took the violence as a normal function of life. There had been various stigma attached to Generation X. They had been stereotyped to be slackers etc.Although Generation X often is referred to as a homogenous group, it is very comprised of many different subgroups of individuals, with differing backgrounds, outlooks, and beliefs. Members of the generation often are derided by a stereotype that casts them as slackers (persons who lack drive and

Consensual Relationship Agreements Case Study Example | Topics and Well Written Essays - 1500 words

Consensual Relationship Agreements - Case Study ExampleThis discussion stresses that there might be emails, instant messages, phone chats etc. while devil people are in a workplace relationship. These things go out affect the performance of the employees. Still, these might be controlled if the boss makes it clear that these things will not be appreciated in workplace but then again, there might be rebellious behavior from them. The worst nightmare, however, can be when these people withdrawal and end their relationship on a bad note. This might affect their performance to great extremes. For example, if one is superior in rank than the other he/she might become biased, judgmental and the other might be discriminated against. Bad words might be exchanged and gossips about them might start which will eventually affect their work. There is also a chance that sometimes on e party might claim that he/she was pressured to be in the relationship. This can bring extreme results which wil l immediately affect companys rapport and performance.From this paper it is clear that in such circumstances, the company cannot solely tell the employees that there will be no workplace relationships as this will cause rebellion which might bring aggressive responses and attitudes from employees which is even worse. Moreover, more than people will do it just to show their adventurous and thrilling side. Also, this can cause frustration among employees. In order to avoid all of the above, an snuggle might be taken which is called Consensual Relationship Agreements (CRA) which is a written contract signed by two people who are multiform in a romantic relationship in an organization. In such a contract, both the parties agree to certain things that mainly cover that both of them are involved in the relationship willingly, with their full consent and are not under any pressure.

Organizational Behavior Factors Affecting the Criminal Justice Essay

Organizational Behavior Factors Affecting the Criminal Justice - Essay ExampleWhen the upper forethought makes good decisions they ensure that the community has an effective justice dodge and also the lower managements are able to imitate their business behaviors, but a bilk upper management system will negatively affect the lower management and the community. Culture may also be one of the biggest factors that affect the shepherds crook justice system in the police subdivision whereby diversity in the department reveals that there is less likelihood of disagreements between both the incumbents and the suspect or victims when there is a language barrier. Diversity in the police department has an advantage since individuals who may be witnesses or victims may feel more get to give information to the police officer. Law goes hand in hand with the nefarious justice work place since the officers are expected to uphold the natural law at all times. However, there are officers who think that since they are the law enforcers they are above the law which is an issue, but in accordance to the law when the officer commits an offence he or she should be treated in the same way as an individual who broke the law and was not an enforcement agent of the law. Stakeholders rook an important role too as they determine how the internal and external relations of the system function. The influence of this factor in the sinful justice piece of work mainly leadership creates a working pattern which ensures the accomplishment of the departments goals and objectives. There are three powerful stakeholders namely political bodies, community groups and employees who affect the criminal justice system in the work place. Political bodies, who are external stakeholders, have more of a negative influence on the police department since they use it mostly to practice illegal acts unlike community groups, which may work with the police department to fight crime though community polic ing. They sponsor combat crime by giving police lads to offenders, and this increases the efficiency of the criminal justice system in combating crime. Employees who may be officers are very influential stakeholders in the criminal justice system since when they adequately give information to their bosses on various issue in the organization and are accountable for the nonchalant operations, and this implies that they increase the chances of finding solutions rather rapidly by working together to find the most viable solutions to existing problems. The system factor in the criminal justice work place is usually created by the management, which in regards to the police department determines whether the police force will be effective or not. A good and effective system will ensure that justice is served to all who need it since officers will do what the system requires of them and also officers employed in the system will find it more comfortable working in the department. The struc ture in the police department determines each and every role played by an officer and their effectiveness in the department.

Personal Health Risk Essay Example | Topics and Well Written Essays - 500 words

Personal Health Risk - Essay ExamplePersonal Health RiskI choose hale pissing as my health risk. Well water contains Arsenic immixs that pose a health risk to people who consume water from the well. I identify arsenic trioxide in well water as my health hazard from the Unites States Environmental Protection Agency (EPA). Indeed, EPA defines arsenic as a naturally occurring compound that is odorless and tasteless but harmful to human health. EPA established that about 56 million people America were drinking well water with arsenic at unsafe levels (Natural Resources Defense Council, 2015). Arsenic in maroon water emanates from human activities, manufacturing activities, or natural activities. EPA considers higher levels of arsenicas a ground waterpollutant that derives long term and short-term effects. EPA advices citizens using well water to monitor its arsenic levels before consumption. EPA regulates arsenic in ground water establishing health and environmental-based standards through the maximum contaminant level (MCL), at 0.010 mg/L or 10 ppb (EPA, 2013).In identifying arsenic in drinking water as my health hazard considered arsenic in drinking water as a risk since it would cause harmful effects to my health. Indeed, well water jakes cause short-term health effects like skin cancer, kidney failure, skin diseases, and harms the nervous systems. To identify arsenic in drinking water as a hazard, I followed EPA risk assessment module that included establishing the magnitude of arsenic present in water where arsenic is the dominant public-health problem for drinking water in America.

Born Global Firms Essay Example | Topics and Well Written Essays - 2500 words

Born Global Firms - Essay ExampleThese substantials are established to go globular from the first day with a general work out that the world is a single market and not an extension of the domestic market. Currently, there is a rapid append in these firms, most of which have their downslope from developed economies. Most of these firms are technological in nature and take advantage of the high engine room developments in these countries. However, the firms are not limited to technology but are distributed across other areas as well. This report seeks to understand born world-wide firms to details regarding their formation and the mode of operation. Born Global Firms debut Born global firms are business entities that are formed with the single purpose of doing business internation every(prenominal)y. From its formation, a born global firm has the main object lens of attaining a competitive advantage from harnessing resources and selling its products in many countries, and in m ost cases, these firms go global within their three years of inception. Multinationals are commonly referred to as global firms, though there are major differences between multinationals and born global firms. ... Therefore, the main differentiating factor in these firms is that they have a borderless worldview and all their strategies are geared towards achieving a global presence. In this report, born global firms will be investigated in detail to understand the reasons behind the rapid increase in such firms in the recent past, how the companies undertake their operations, their features and the challenges that these firms face in their operations. The aim of this paper is to derive a better understanding of born global firms, the mode of operations in the global market and their differences from the conventional multinational organizations. Background study Michael Rennie coined the born global tag name in 1993 afterward studying a new concept of new firms that were establishe d with the single purpose of competing on a global scale to harness resources in a number of countries at the same time (Jones et al., 2011). The interesting aspect of these firms is in the way a small firm is established with the single intention of opposition the varying needs of customers on a global scale. Such an approach requires a new focus in understanding the concept behind internationalization of firms and the need to attain a global status today. The new concept of a born global is to satisfy the need of customers on a global scale from its first day of inception, in that the firms are internationalized by design and not by emergence (Jones et al, 2011). In international trade models, a firm wishing to go global has to outlay the initial investment and make the entry costs before it commences operating globally.