Health Economics Essay Example | Topics and Well Written Essays - 500 words - 1

Health Economics - Essay Example For instance, high level of technology, decrease in the cost of production, decrease in profit obtained from other goods, and an increased number of sellers in the market will shift the curve to the right side of equilibrium. All these factors will lead to a decrease in price of the drug in question since very little cost is used in production (Taylor & Weerapana, 2011). On the contrary, Mankiw (2011) argues that if the price of inputs increases, cost of production of other goods increases, level of technology diminishes, and the number of suppliers in the market reduces, then it is expected that price of the commodity increases. These factors will shift the supply curve on the left side of the equilibrium side as a result of negative change in the market prices. Additionally, increased prices of the drug will lower its demand since very few people will be able to purchase it. On the other hand, demand curve will be affected by a several factors. For example, increase in the expected value of the good, increase in the value of a substitute, decreased price of the complementary good, increase in the number of the potential consumers and increased earnings of the consumer will lead to increased demand. This will lead to the equilibrium shifting to the right. This will lead to increased value of the drug. Moreover, when there is a decrease in expected value of the commodity, increased value of the complementary commodity, a decrease in the price of the substitute; decreased number of potential consumers and decreased income of the consumer will lead to a downward change of the curve or the curve shifts to the left hence less demand. This decreases the price of the certain drug and supply will be down. Decrease in demand leads to flooding of a certain good in the market (Arnold, 2008). Several factors impact the degree of supply curve or demand curve shift (Graves & Sexton, 2006). First, monopoly or production

Business Report Coursework Example | Topics and Well Written Essays - 1500 words - 1

Business Report - Coursework Example We will also ensure that we maximise our profit. There are financial risks that occur in this type of business. Furthermore, some problems with the customers may occur. All these problems should be solved in order to achieve our goals. 2. Introduction Through our research, we found out that Witney; in Oxfordshire do not have an independent shop that sells toys. Our main targets are the kids. We realised that the demand of electronic and traditional toys at this town is very high. Jay and I have decided to run this new business venture. We agreed to start a partnered business. This business will have two stakeholders i.e. Jay and me. Our vision in this business venture is to ensure that our customers are served with the best products in the market as well as ensuring that we achieve our business goals which maximising profit with minimal costs. It is our responsibility to ensure that this vision is achieved without incurring unnecessary costs. We will also ensure that risks are reduce d to the best of our ability. Our starting cost will include ?25,000 that we borrowed from the bank and ?25, 000 from my savings account. Jay will not contribute anything from his account. This report will deal with the type of business we chose and the research we have done on this business. It discusses the reasons why we chose this business. It will also touch on our target customers and the possible problems that we will face in this business. 3. Main body The type of business we decided to operate in is the general partnership business. This is a business entity that involves two or more partners who agreed to do a business. We chose this business entity because it is easy for two of us to run. We will be sharing profit and losses equally. In addition, both of us are liable to any debts that may occur. This business entity was also the best for us because it does not require a notarial deed. We will make our agreement private i.e. the agreement will only be between me and Jay. 3.1 Procedures for General Partnership establishment Weiss et al. says there is no formality in forming our general partnership. This is because our agreement is private. We decided to write an agreement in order to avoid future misunderstandings. However, there are rules that govern the business partnership. For our partnership to exist, we must first register it by following the rules from Company Act 2006 (Van, 2007:21). For us to form this company, we must first give our names to the memorandum of association and ensure that we comply with the requirements that are needed for one to register our company. The registrar must receive the memorandum of association form our company. For us to be registered, we must submit our company name, postal address location and business entity of the company. We should also state that our company is a private one. After all these, the application will to be delivering to the England’s registrar of companies (Degenhardt, 2010:54). After o ur company has been approved, Partnership act 1890 should also be adhered to. For our partnership to exist, there rules that must be followed. The partnership should ensure that we share profits equally as stated by our agreement. Both of us will be liable to all company’s debt. Our partnership will now have a firm name. We will manage our business fairly. Profits and control of assets will be done equally (Degenhardt, 2010:59). 3.2 Financial risks There are possible financial risks that are likely

Theories of the origin of religion by Durkheim and Freud Essay

Theories of the origin of religion by Durkheim and Freud - Essay Example Since faith has always been a subject of grave concern for a large majority of the people belonging to diverse ethno-racial and social backgrounds since ever, the topic maintains great sociological significance in its scope. Religion is rightly stated to be an essential part of the public and private life of the individuals belonging to various cultures and civilisations since the known history of the globe (R Lowe, 1963:532-3). It is partly because of man’s developing strong belief in the metaphysical objects and supernatural powers existing in the universe, with which man maintains emotional and sentimental association (C Ember & M Ember, 2007:393). These supernatural powers are considered to be strongly influencing the destiny of the people by dint of their control over the universal phenomena. Not only this that these powers are in a position of providing the humans with emotional and financial support, but also they serve as the forces that play decisive role in protectin g them from all internal setbacks and external threats (A Kroeber, 1963:82-3). Additionionally, these forces are thought to be having the power to inflict woes and pains upon the humans; as well as liberating them from these calamities at the moment when the humans seek their support on finding themselves absolutely vulnerable. (Ember & Ember, 2007:395). In other terms, supernatural forces have been thought to be maintaining absolute control over the destiny of humans in all respects. Consequently, primitive man had established his belief in these powers in order to escape pains and sufferings of different kinds, and for obtaining all comforts and joys life offered to him, along with attaining pelf, power and possession that could earn dominant place for him over fellow-humans and other creatures. Almost similar views have been articulated by distinguished French sociologist-theorist Emile Durkheim in his Elementary Forms of the Religious Life (1912). Durkheim’s Perspective: While discussing the origin of religion, Durkheim seeks supports from the relics of ancient era clans observing distinctive spiritual norms and practices. â€Å"A religion is†, Durkheim asserts, â€Å"a unified system of beliefs and practices relative to sacred things, including set apart and forbidden beliefs and practices which unite into one single moral community called a Church, all those who adhere to them† (J Breaux, 2008:1). The theorist is of the opinion that the nature of bonding among the humans in primitive era was limiteed in the sense that every individual was bound to fulfil the needs attributed to him, his family and clan, without seeking help from the other groups outside the tribe altogether. As a result, everyone had to get involved into the hunting and food-gathering activities. Hence, the concept of in-group and out-group used to prevail in such a strong manner that the people did not bother to render any assistance to the members of the external g roups (J Macionis, 2008:481). It was partially because of the fear of assault and attack from the external tribes, which created rivalry among the ancient time clans against one another. Such a state of absolute isolation not only kept the primitive era humans away from the fellow-beings, but also developed his strong relationship with their specific clans on the one side, and the supernatural powers on the other. Since supernatural powers could turn out to be supportive one with regards to the accomplishments of the basic human needs and desires (H Ross,

Marketing Assignment Example | Topics and Well Written Essays - 250 words - 2

Marketing - Assignment Example The advertising team understands that self-image is an important concept that individuals possess. In the modern society, the concept of body image is highly romanticized in society. People are extremely aware of their body image and will do anything to look appealing for the interest sex. In order to promote their product, the commercials use all sorts of fancy computer imaging techniques and animations to create an illusion that fat loss is actually occurring. The advertisement completely crosses the limits as it shows obese models strapping the belts and then actually feeling it â€Å"working.† The commercial never states the fact that the product is proven to eliminate or even reduce fat. The question remains—is it legal? Yes, but it is absolutely unethical as it hurts consumers in various ways. First and foremost, the commercial is detrimental towards consumers because it promotes wrong advertisement as it never states that it supports fat loss, but rather an illus ion of a temporary water loss. Secondly, the advertisement claims that â€Å"results are not typical.† However, it is certain that the companies prey on their consumers that these so-called transformations will leave their audience in awe and will attract them to buy the product. Clearly, that is unethical. Lastly, consumers are given wrong information and data about these products.