Plz see the attachment Research Paper Example | Topics and Well Written Essays - 2000 words

Plz see the attachment - Research Paper Example The legacy of feminism laid a very positive impact on the lives of women around the globe. Awareness campaign started in all the major countries and most of its impact was observed in developed countries such as Canada, Australia, USA, UK etc. However men were not given proper time by the so called feminist women. In the name of moderation, women were not able to sexually satisfy men. Thus the sexual health of men went down by the passage of time and they were not able to satisfy their wants after hectic day at work. A large community of men faced this problem. This was a big dilemma for all the men living in developed countries. Eventually this gave rise to antifeminist and men rights protection movements. These movements never got an overwhelming reception but still the issue was highlighted on different forums. Critique & Arguments A strong set of arguments can be found at both ends. (Roosh) is of the view point that feminism has made women out of their minds. They are trying to e njoy every fruit of life just because their rights were violated previously. The justification made by these women is unacceptable and illogical. They want to grab all the societal benefits and bring the best out of everything. The viewpoint which is prevailing throughout the majority of women is that they have succeeded in their goals and now it’s the time to enjoy. Even today if a woman is unable to get good grades or a good job then she eventually blames the society, especially men. They think that men are the barriers between their success, in fact problem lies within themselves. Sex as an advantage is used by most of the women. Their monetary and materialistic desires need to be fulfilled first, than they would be available to have sex. Sex is used as a proper bargaining tool making men life miserable. If men are not getting their sexual demands than eventually they will go for other options. Family lives are totally ruined, children are spoiled due to no interest of wom en at home. Gone are the days when women stayed back home so that their children would get attention. Women these day’s have a simple focus, to beat men in every area. Killing of babies is a common practice; abortion is considered an ordinary thing by women (Melissa). The statistical figures are quite astonishing as men have really believed that they have lost their role in the society. Men consider themselves as a second class citizen now. The race of who gets paid more is now is in. The role which apparently men had in the 20th century cannot be seen anymore due to women rapid dominance in the world. This century has given women empowerment at extreme. Historically men had the role as a provider of the house, the ultimate thing but now tables have turned over. There are no more cherishing talks on the dining table and no more men dominance. Figures show that 82% men are sure that their role in the society which previously had is totally demolished. 52% men are certain that women rule will be sooner there in the world (Boycott). (Dhaliwal) states that eminent role of men has been clean swept and male are under the direct influence of women. He quoted one of the incident in which a woman with a diamond ring and having a successful career was with a nerdy looking guy which was for sure not that successful. The depiction of both the entities gave a clear indication that man was under

FINANCIAL REPORTING Assignment Example | Topics and Well Written Essays - 3500 words

FINANCIAL REPORTING - Assignment Example The paper presents the financial evaluation of the company and for this particular purpose, the most effective tool of ratio analysis has been utilized. The financial ratios are usually divided into various sub categories such as profitability, gearing and liquidity, each put emphasis on a different area of the financial outlook of the organization. These analyses form an integral part of the financial statement analysis, especially from the investor’s point of view, which are always looking for avenues to invest in countries having strengthened and stabilized financial ratios and representing an upward trend. In addition to the financial evaluation, for the purpose of risk assessment, several risks has been identified and assessed such as firm related risks, currency risks, capital structure risks and market risks. The Kerry Group PLC actively follows the corporate governance directives issued by the government for the corporation registered in the Ireland. Being a premium co mpany listed on the stock exchange, the company is required to follow the directives of the corporate governance requirements. ... Market and Industry Risk and competitor analysis The company operates in a highly competitive market where its competitors are continuously devising methods through which their profitability and market share can be increased. The company is exposed to a risk where its competitors can introduce a major change in their production process through introducing a state of the art technology. This can not only enhance the efficiency of their production, but it can significantly provide them with the cost leadership as well. In order to analyze market competitive forces, Porter gave a five forces model which analyzes the competitive forces acting in the market which a corporation has to manage in order for it to obtain competitive advantage. 3.2 Porter Five Forces Model Analysis Porter’s five forces model is an effective tool in exploring the competitive forces of the environment in which the organization operates. It allows the business to critically analyze its current business stra tegy and formulate one which can allow it to achieve a competitive position in the market. With the advancement in Information Technology, it has been prominently observed that the businesses are now focusing more and more on implementing information system in order to make the best use of their resources. In the mentioned case, KERRY GROUP PLC has several functional units carrying out activities related to the manufacturing and delivering of food merchandise. By integrating these units using information system, KERRY GROUP PLC can gain competitive advantage in the market which can by analyzed in the light of Porter’s five forces model. The first competitive force according to the model is the entry of new competitors

Analysis of two stories from Roald Dahls Tales of the Unexpected Essay Example for Free

Analysis of two stories from Roald Dahls Tales of the Unexpected Essay The story is about an old lady, Mrs. Foster, who doesnt like to be late. Her husband teases her by always being a little bit too late, just to make her suffer. One day, she is going to Paris to see her daughter and her family, but she has to wait for her husband to be done, because he is driving with her, to be dropped off at a club. When he finally out in the car with her, he has forgot his present for her daughter, so he goes back into the house to get it. She goes up to the door of their house, but when she is about to open it, she suddenly hears a strange sound and goes back into the car. She tells the driver to go, even though; Mr. Foster is still in the house. She catches her plane and enjoys her time in Paris, but when she gets back home, after six weeks, there is no lead of Mr. Foster. Then she calls a guy, which can come and fix their lift. You would think that Mrs. Foster is the main character in this story, because we are following her life and the story starts up with an introduction of her. But at the same time, we are also introduced to Mr. Foster right after, and in the end of the story, you wonder if it actually was Mr. Foster, that we were supposed to keep up with, because he is kind of the victim in the end. Almost like we are told about how he died in their lift, because of his lunatic of a wife. And then still Mrs. Foster can be seen as the victim, because she is this sad woman, who is manipulated by her husband, and then finally does what she has always wanted to do, just in a more drastic way. So therefore I see them both as main characters in this story. Mrs. Foster is described in the text as a woman with a pathological fear of missing something, and if she feels that she is about to miss something, she gets into a state of nerves and starts to wink with her left eye, because of a vellicating muscle in the corner of her eye. She lives in a large six-storey house in New York City, on East Sixty-Second Street with her husband and they have four servants. She is also a modest woman, who has served his husband loyally and well, for over thirty years, but she still wonders sometimes, if his husband always is being late on purpose, just to torture her. Her biggest wish is to live in Paris, so she can see her daughter, her son in law and her grandchildren all the time. Mr. Foster is nearly seventy years old and also living with his wife in their large six-storey house. He is described in the text as a man who tortures her wife, by always being late, because he is irritated by her making a fuss about everything. And he smokes cigars. We can tell by their big house, their four servants and their rented car with a chauffeur, that they are a very wealthy couple. They dont speak to each other like a normal couple; Mr. Foster has disciplined Mrs. Foster to not say, what she wants to say, like she is under his control. Like it says in the text; that she would never dare to call out and tell him to hurry. He had disciplined her too well for that. The Landlady The story is about a young man, Billy Weaver, who has travelled down from London, and now he needs a place to sleep. He was told that he should try The bell and dragon, but on his way down to the hotel, he suddenly catches sight of a printed notice, that says BED AND BREAKFAST on a boarding house. He stares at the notice and feels like the words are a large black eye that is staring at him, like he is forced to go in, so he decides to do it. A middle-aged woman invites him in and shows him where he is going to sleep, and she keeps talking about how she has been waiting for a young boy like him. He later finds out, when he is about to write in her guestbook, that only two other guys has been staying there, and the latest guest is over two years ago. He finds it strange that he feels like he has heard these two guys names before. She keeps getting him to drink her tee, and then he suddenly notices that the dog he thought was alive is dead and stuffed. She tells him that she has stuffed them herself. When he sits for a moment, he finds out where he has heard the other guests names before, he has read about them being missing, in the newspaper. The main character in this story is definitely Billy Weaver, because we are following his moves and thoughts of the weird lady. Billy Weaver is seventeen years old and he has travelled from London. He is wearing a navy-blue overcoat, a brown trilby hat and a brown suit. He is a young businessman and he is trying to do everything briskly. When he is told that there has only been two guests before him and that the last guest was over two years ago, and that they are even still living there, he is a bit naà ¯Ã‚ ¿Ã‚ ½ve not to see that something is really weird. But you also know that he must be a smart kid, if he is already a businessman and he reads the newspaper. The old lady seems kind and harmless in the beginning, because she is calling him my dear and smiling all the time. And like it says in the text; She looked exactly like the mother of ones best school-friend welcoming one into the house to stay for the Christmas holidays. But when things get more and more weird, Billy starts to think that she is slightly dotty and off her rocker. We also know that she has a bad memory, because she has a hard time remembering her guests names. Billy and the old lady have no relation, the old lady is a total stranger to Billy, but he somehow seems to trust her anyway. And Billy is also a total stranger to the old lady, but she keeps talking like if she knew that exactly he would show up on her doorstep, almost like if she had been watching him. Comparison of the two stories Both stories are written by an omniscient 3rd person. And in both of the stories they are using the language dear; In The landlady the old lady probably uses it, because many British old women spoke like that in the old days, but also to sound extra kind, to Billy. And in The way up to heaven, it sounds like they are only using it because the finer families spoke like that in the old days. So both of the stories could be going on in, maybe the 50s. Mrs. Foster and the landlady are both killers, but really different kinds; Mrs. Foster is feeling trapped in her marriage and she has a fair reason not to save him, when she has the chance. And the landlady is simply a lonely lunatic, who wants fake company, by stuffing her victims. The landlady is killing them herself and Mrs. Foster just didnt save him, when she could. The main theme in both of the stories is deception, because in both of the stories, the victims have faith in their killers, but are duped by them. The ending of The landlady Then he said Are you sure Mulholland and Temple are upstairs? with a stiff look on his face. Of course they are, my dear. Im sure they are enjoying themselves, you shouldnt worry that much. She answered. Billys eyes flickered and his legs felt so heavy, when he tried to stand up. Sit down, my dear. It will soon be over she said, with a calm tone in her voice, like nothing was wrong. Billy couldnt walk, so he sat down again and tried to hold his head still. Something is wrong with me! What did you give me? he yelled with a pathetic voice. She smiled and went over to the windows to draw the curtains, and when she sat down again, she started telling him, that she had been looking forward to having such a young boy in the house, and that she had been waiting for him for such a long time. Why do you want me, you crazy woman? he said. Youre just perfect, my dear. So young and handsome! she said, still witch a nice and calming voice. Billy didnt get to say much more, before everything turned black. One month later MISSING! A seventeen year old boy named Billy Weaver, last seen in Bath.

The History Of Construction Waste Minimization Environmental Sciences Essay

The History Of Construction Waste Minimization Environmental Sciences Essay Chapter two is a review of contemporary literature related to the topic. It will explain how authors perceive Construction waste recycling method for waste minimization purposes. The literature review will also discuss about the underpinning theory, what is known and unknown about the topic. It will also discuss about what various researchers have done in the past, especially in the area of construction waste recycling method for waste minimization purposes. 2.2 BACKGROUND Much of the waste stream going to landfill consists of solid waste from the construction and demolition of buildings. Waste minimisation strategies have been popular for some time in the construction industry. This paper considers the effect of these strategies on one case study. Sourcing materials with recycled content in terms of embodied energy and cost is suggested as the next phase of environmental management in construction. Many studies measure waste from construction sites on the basis of either volume or mass, to gauge the effect on disposal costs (Johnston and Minks, 1995; Graham and Smithers, 1996; Faniran and Caban, 1998). This does not give the best appreciation of the problem in terms of the environment. The savings from using materials with recycled content can be best measured in terms of the environment by considering their embodied energy (Thormark, 2000). Embodied energy represents 10-40 times the annual operational energy of most Australian residential buildings, depending upon building design, climate construction systems, equipment type, fuel sources and building usage patterns. Each year in Australia, the embodied energy used in construction is approximately equal to the annual operational energy of the built stock, and together they make up 30-40 per cent of national energy use and greenhouse gas emissions. There are several problems with existing embodied energy analysis methods, which include process analysis, input-output analysis and hybrid analysis. Process analysis, while accurate for particular processes, often ignores a large number of small to medium processes. Input-output analysis, despite its many inherent errors, is used because of its unique property of systemic completeness. Errors for process analysis data are approximately 10 per cent (Boustead and Hancock, 1979), and for input-output data errors are approximately 50 per cent (Miller and Blair, 1985). Hybrid analysis methods attempt to reduce the errors inherent in each of the two previous methods. There are two types: one based on the process analysis framework and the other based on the input-output framework. For the hybrid analysis methods, errors vary between these rates, depending upon the mix of process and input-output data. 2.3 Construction Waste Construction waste can be divided into three principal categories namely material, labour, and machinery waste. However, material wastage is given more concern because most of the raw materials used in construction industry come from non-renewable resources (Ekanayake and Offori, 2000). construction waste is defined as: the difference between the value of those materials delivered and accepted on site and those used properly as specified and accurately measured in the work, after deducting the cost saving of substituted materials and those transferred elsewhere (Peng and Tan, 1998). Similarly, the Building Research Establishment (BRE) has defined building waste as the difference between materials ordered and those placed for fixing on building projects (Skoyles and Skoyles, 1987). Recently, for the purpose of evaluation of the construction material waste sources, Ekanayake and Offori (2000) have given a broader definition of the construction waste as: any material, apart from earth materials, which need to be transported elsewhere from the construction site or used within the construction site itself for the purpose of land filling, incineration, recycling, reusing or composting, other than the intended specific purpose of the project due to material damage, excess, non-use, or non-compliance with the specifications or being a by-product of the construction process. 2.3.1 Definition of construction waste Construction waste is anything generated as a result of construction and then abandoned, regardless of whether it has been processed or stockpiled. It comprises surplus materials from site clearance, excavation, construction, refurbishment, renovation, demolition and road works. There are two types of construction waste: Inert construction waste Non-inert construction waste Non-inert construction waste is around 20% of the total and usually comprises bamboo, timber, vegetation, packaging waste and other organic materials. Some of these can be recycled while others are disposed of at landfills. In contrast, inert waste otherwise known as public fill mainly includes construction debris, rubble, earth, bitumen and concrete, which can be used for land formation. Materials like concrete and asphalt can also be recovered for construction use. Wastes can be defined as all wastes in solid form which are discarded as useless or unwanted and in general arise from human activities. Construction wastes are wastes generated from building, demolition and refurbishment works for individual housing, commercial building or other structures. (Peavy et al., 1985) 2.4 Construction waste minimization Waste minimization is a waste management approach that focuses on reducing the amount and toxicity of hazardous waste that is generated. In addition to hazardous wasted regulated under RCRA, the EPA encourages waste minimization techniques that focus on preventing waste from ever being created, (source reduction) and recycling. there are three general methods of waste minimization: source reduction, recycling, and treatment. 2.4.1 Steps of waste minimization: Reduce consumption of resources by building smaller houses that are better designed for your needs. This is the most effective way to conserve precious resources for use by future generations and reduce waste. It also lowers costs. Re-use existing buildings and materials and reduce demand for resources, lower waste volumes and save money. Dont Demolish Deconstruct, give old buildings new lives. Recycle resources that are left over or have reached the end of their useful life. This will reduce demand for new materials and lower the volume of waste going to landfill. sending building material to landfill is like throwing money in the bin. Use renewable resources like sustainably managed forests. This creates a sustainable economy and helps conserve non-renewable resources use materials with high recycled content to create a market for recycled resources. It will raise the price paid by recyclers for recovered resources and increase the viability of recycling. 2.4.2 Landfill Our traditional means of waste disposal (landfill) is uneconomic. Costs to communities for operating and maintaining landfill sites are high and availability of suitable land is limited. Re-use options for landfill sites are extremely limited due to potential health hazards. Remedial action is often prohibitively expensive. Emissions and leachate from landfill sites can be highly toxic due to concentrations of heavy metals and toxic chemicals. These toxins find their way into the water table and/or waterways, often with disastrous consequences. We must reduce waste volumes going to landfill and remove toxic content from materials before disposal. Using other option then sending to landfill. . 2.4.3 Why prevent waste and recycle? 2.4.3.1 Reduce Costs Recycling, reusing salvaged building materials and minimizing materials and packaging reduces waste disposal costs and material expenses. 2.4.3.2 Marketing Opportunity The companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s experience in waste prevention and recycling can be an essential marketing Tool to the growing number of potential clients interested in participating in the Leed and Build green building programs. 2.4.3.3 Tax Deduction When you hire a deconstruction service to remove reusable building materials, the client can Take a tax deduction when they donate the materials to a nonprofit organization. 2.5 Construction Waste Management Construction Waste Management is the practice of reducing the actual waste that go to the dump site. Waste reduction is best met by recycling and construction wastes do offer a lot of opportunities for recycling. In fact, 80% of the wastes found in construction trash heaps are recyclable, one way or another. Wood, asphalt, concrete, bricks, metals, glass and even paint do offer several options for recycling.There are three basic steps for construction waste management. They are Reduce, Reuse, and Recycle. Reduce is basically preventing waste from appearing. So it helps if those building materials come in with preplanned sizes. 2.5.1 Construction waste management strategies Four main construction waste management strategies were identified from the literature (Gavilan and Bernold, 1994; Peng et al., 1997; Faniran and Caban, 1998). They were: reuse; avoid or reduction; recycling; and disposal. Among these three strategies, avoiding waste which infers elimination or minimization of waste, has been given the highest priority as it requires the least resources other than planning and designing skills. Developing a waste minimization culture in the construction industry may be the initial process of a minimization strategy (Teo and Loosemore, 2001; McDonald and Smithers, 1998). Reuse refers to simply moving materials from one application to another. The third option is recycling and construction waste recycling is a process of separation and recycling of recoverable waste materials generated during construction and remodelling. Composting has also begun to emerge as a new application of an ancient technology, where organic land-clearing debris is processed to produce humus for soil treatment (Ekanayake, 2000). Further, incineration is another process of destroying waste material by burning it and, while once regarded as a practical method of disposing of hazardous waste materi als, it has of late, become controversial for many reasons such as the fact that it creates toxic gas and ash, which can harm local populations and pollute groundwater. Disposal or land filling is the lowest in the hierarchy. Since reduction was identified as the most effective strategy for waste management, several techniques used in construction can be recommended as waste reduction initiatives. Off-site construction technology (dry construction) was highlighted in the literature. For instance, using pre-cast elements one could eliminate 30 per cent to 40 per cent of wastage on building construction sites (Poon et al., 2004b). In addition, there are many advantages of pre-cast element manufacturing such as saving time and overall cost, due to enabling concurrent different production lines; increasing constructability and reducing congestion on site due to changing from an uncontrollable work environment on site to a controllable one in factories (Benjaoran and Dawood, 2004). Therefore, the present paper attempts to identify how effective the use of pre-cast elements in building projects are in construction to minimize construction waste. 2.5.2 Insufficient regulations The importance of complete governmental regulations for supporting construction and demolition waste management has been extensively investigated. For example, although the Hong Kong government has implemented various types of regulations to minimize construction and demolition waste production, it is found by Tam (2008a) that the mandatory system in implementing the waste management plan for all construction projects would significantly affect the productivity of companies. This is echoed by the study from Shen and Tam (2002), suggesting that legal measures are not effective for implementing environmental management in Hong Kong construction. In all the regulations in Bulgaria, construction and demolition waste is mentioned jointly with municipal waste and the majority of measures envisaged are aimed at the improvement of municipal waste management (Hadjieva-Zaharieva et al., 2003). It is also reported by Kartam et al. (2004) that clear regulations and rules from Kuwait Municipality are lacking for allowing and persuading contractors to use recycled products made from construction and demolition waste.

Essay --

The Introduction --------------------------------------------------------------------- (1) The definition of tourism and the tourists ----------------------------------------- (1) The reasons that make the tourists come to the UAE-----------------------------(1,2) The advantages of tourism -----------------------------------------------------------(2) The negative impact of tourism -----------------------------------------------------(2,3) The Comparison between Dubai and other countries according to GDP Growth : --------------------------------------------(3) The Conclusion ------------------------------------------------------------------------(4) The references list ---------------------------------------------------------------------(4) Among ages the life in the UAE has been changed from all the aspects , It becomes sophisticated in a huge way . In the construction field the UAE become a competitor to the advanced countries, it also make great achievements in the entertainment field .All of that make tourism more active in the UAE . Tourism become in the UAE as a big business , it considered as the one of the largest industries in the UAE , it rises the economic income with a high percentages . In this report I will write about the definition of tourism and the tourists , the reasons that make the tourists from each corner of the globe come to the UAE , the effect of tourism in the UAE and finally Comparison between Dubai and other countries according to GDP* Growth . The definition of tourism and the tourists : Tourism is to travel from one place to another mainly for recreational or leisure purposes and the companies in the receiver country will provide all the s... ...rica Region . Arabia 2000 .(P-1) . Dubai has strong and dynamic tourism sector .(2010).Arabia 2000.(P-1). IMF World Economic Outlook ,Econstates, Ministry of Economy .Retrieved December4 , 2011, from : http://www.google.ae/search?q=dubai-economy_clip_image004 Mourtoiza . (2008) .Positive impact of tourism in Dubai . Retrieved December 2,2011, from : http://www.oppapers.com/essays/Impact-Tourism-Dubai/158196 The disadvantages of the tourism .(2010) . Retrieved December2 , 2011, from : http://wiki.answers.com/Q/what arethe disadvantages of tourism Tourism . (2008) . Retrieved December2 , 2011 , from : http://sidestore.com UAE travel and tourism sector emerges as one of key contributes to GDP. (2011). Arabia 2000 .(P-1). United Arab Emirates Archeologicalsites . (2005) . Retrieved December 2 , 2011, from: http://www.uaeinteract.com/culture/default.asp Essay -- The Introduction --------------------------------------------------------------------- (1) The definition of tourism and the tourists ----------------------------------------- (1) The reasons that make the tourists come to the UAE-----------------------------(1,2) The advantages of tourism -----------------------------------------------------------(2) The negative impact of tourism -----------------------------------------------------(2,3) The Comparison between Dubai and other countries according to GDP Growth : --------------------------------------------(3) The Conclusion ------------------------------------------------------------------------(4) The references list ---------------------------------------------------------------------(4) Among ages the life in the UAE has been changed from all the aspects , It becomes sophisticated in a huge way . In the construction field the UAE become a competitor to the advanced countries, it also make great achievements in the entertainment field .All of that make tourism more active in the UAE . Tourism become in the UAE as a big business , it considered as the one of the largest industries in the UAE , it rises the economic income with a high percentages . In this report I will write about the definition of tourism and the tourists , the reasons that make the tourists from each corner of the globe come to the UAE , the effect of tourism in the UAE and finally Comparison between Dubai and other countries according to GDP* Growth . The definition of tourism and the tourists : Tourism is to travel from one place to another mainly for recreational or leisure purposes and the companies in the receiver country will provide all the s... ...rica Region . Arabia 2000 .(P-1) . Dubai has strong and dynamic tourism sector .(2010).Arabia 2000.(P-1). IMF World Economic Outlook ,Econstates, Ministry of Economy .Retrieved December4 , 2011, from : http://www.google.ae/search?q=dubai-economy_clip_image004 Mourtoiza . (2008) .Positive impact of tourism in Dubai . Retrieved December 2,2011, from : http://www.oppapers.com/essays/Impact-Tourism-Dubai/158196 The disadvantages of the tourism .(2010) . Retrieved December2 , 2011, from : http://wiki.answers.com/Q/what arethe disadvantages of tourism Tourism . (2008) . Retrieved December2 , 2011 , from : http://sidestore.com UAE travel and tourism sector emerges as one of key contributes to GDP. (2011). Arabia 2000 .(P-1). United Arab Emirates Archeologicalsites . (2005) . Retrieved December 2 , 2011, from: http://www.uaeinteract.com/culture/default.asp

Locke, Hobbes, Mill, Thoreau :: Politics Philosophy Sociology

John Locke John Locke explains the state of nature as a state of equality in which no one has power over another, and all are free to do as they please. He notes, however, that this liberty does not equal license to abuse others, and that natural law exists even in the state of nature. Each individual in the state of nature has the power to execute natural laws, which are universal. I believe that Locke is correct in his analysis of the state of nature however; Locke‘s theory includes many assumptions. First is the assumption of a system of morality, the natural law derives from a theory of justice, a set of rights. No one would have any "rights" at all in the absence of a moral code applicable to human actions, nor would there be any standard of "just" punishment. Locke frequently uses the term "rights" and appeals to conscience and "calm reason", all of which reflect his assumptions about justice and morality. For individual property to exist, there must be a means for individuals to appropriate the things around them. Locke starts out with the idea of the property of person; each person owns his or her own body, and all the labor that they perform with the body. When an individual adds their own labor, their own property, to a foreign object or good, that object becomes their own because they have added their labor. This appropriation of goods does not demand the consent of humankind in general, each person has license to appropriate things in this way by individual initiative. Locke then places a bound on this type of acquisition, a person may only acquire as many things in this way as he or she can reasonably use to their advantage. One can only take so much as one can use. Lock applies these rules to land: a person in a state of nature can claim land by adding labor to it, building house on it or farming on it, but only so much as that person can reasonably use without waste. Locke then defines labor as the determining factor of value, the tool by which humans make their world a more advantageous and rewarding place to inhabit. Locke states that in order for a civil society to be established, the individuals must forfeit some of their rights that they have in the state of nature. This needs to be done so everyone can live together in peace.

Economy and Critical Thinking Essay

1. The purpose of antitrust policy is to promote __competition among firms_____, which leads to lower __price for customers______. Explain why this is so? The purpose of antitrust policy is to promote competition, which leads to lower prices. If a company had the power of price control that comes with being a monopoly, they would profit by picking the quantity/price that equals the highest revenue for their company. This would be likely a lower quantity and higher price than would prevail if there was competition. Combining operations could lead to greater efficiency. Cost savings could come by combining HR or accounting depts. The main problem with cost savings is that a monopoly does not have the pressure to operate efficiently. 2. Assume a healthy baseball pitcher is worth $5 million per year to his team, compared to only $1 million for an unhealthy one. According to a baseball executive, â€Å"If my assumptions are correct, our team is willing to pay a maximum of $3 million for a pitcher in the free-agent market.† What are the executive’s assumptions? Are these assumptions realistic? The executive is assuming that there is asymmetric information out there about certain pitchers, meaning that the team that is â€Å"selling† the players has more information on his health than the uninformed buyer, the executive. So a reasonable assumption is that the executive will split the difference in the mixed market and pay the average, which is $3 million. The executive does have realistic assumptions, simply for the fact that he has asymmetric information, and is not fully notified of the players’ injury status. 3. Imperfect information can go both ways. What are some examples (your own, not from the text) of market situations in which the seller has more information than the buyer and some examples in which the buyer has more information than the seller? One example where the seller knows more than the buyer would be when you are purchasing a house, the buyer does not know if there are any problems with the foundation or roofing or if all the appliances work well or will continue to work well. The seller does know, because they have lived there long enough to know what is in good shape and what is in bad shape on the  house. An example of the buyer knowing more than the seller is in the antique market, because the buyer may know more history about what they are buying than the seller. The seller may not have put as much time into researching the products. 4. Critical Thinking: All states, of which I am aware, require automobile owners to insure their vehicle. Yet, studies show that having insurance actually increases the likelihood of an accident and increases the likelihood of a car / bicycle accident. Discuss why this is so. Who is protected and who is harmed by required automobile insurance? The reason that having insurance increases the likelihood of an accident is due to the moral hazard associated with car insurance. This is a situation in which one side of an economic relationship takes undesirable or costly actions that the other side cannot observe. For instance, Mary’s car insurance company doesn’t know that she occasionally texts while driving because they can’t physically see her driving. Mary does this because she assumes that if anything happens, she is insured and she will be able to financially cover the costs of any accident. It takes the responsibility off of Mary (slightly) and puts it on the insurance company which makes Mary act more recklessly. The person driving the vehicle is somewhat more protected because of insurance. They are able to financially cover losses to other drivers due to their negligence and risk taking. However, the other drivers on the road and the pedestrians that may be out walking are harmed by this added moral hazard because, let’s face it, all the insurance in the world won’t bring someone back if Mary is texting and driving and kills them.