Robin Hood Case Study Example | Topics and Well Written Essays - 250 words

Robin Hood - Case Study Example As the size of the band started growing, they had to increase the supply of food for each of his men. It was exceeding the food capacity of his band. Second issue that bothered Robin was that, with increasing men in his band, it was becoming difficult for him to maintain the discipline. He was thinking of changing the way of his policies in order to maintain the order of his band. The best way to do it would be to stop confiscating the goods from the rich and rather imply a transit tax for each of the person crossing from there woods. He has to get things more organized, because he was aware of the fact that the sheriff was becoming more and more organized gradually. This was threatening for Robin and his band men. So using a fixed transit was the best option rather than killing the sheriff or being a part of Barons in order to topple the king, because there was no assurance that they succeed in their plan. In case they did not, then the King will get back to everyone and all these p reparations would go in

Nordstrom's Success Term Paper Example | Topics and Well Written Essays - 1000 words

Nordstrom's Success - Term Paper Example They have knowledgeable sales clerks and sales people who pay more attention to customers (Lamb, et. al, 2011). Nordstrom’s level of service is known to be high full service. Sales people are taught to always try to understand their customers. They should try to make their customers have the best shopping experience at any time they visit the store. Nordstrom is therefore at the full service continuum level since its employees would do whatever is possible to make their customers happy. Nordstrom aims at giving the best experience to its customers, whether they are shopping on- line, in their stores or through a mail order catalogue. A good example of a business that is on the other end of the continuum is Target. Although they have good customer service, it cannot be compared to that at Nordstrom. Customers will just be greeted at the door when going into the store and not much assistance will be given to them. Their sales people with focus on making sales rather than assisting customers fully. Target does not depend on high quality customer service. The store will just ensure that products are well displayed on the shelves and that the store processes are running smoothly. The self-service model is more important at target store since customers will just walk around the store and look for whatever they wish to buy by themselves. Nordstrom has knowledgeable sales people who provide quality services to their customers because they know that each customer would love to get a unique shopping experience. The highly trained employees will create personal interactions with each customer and this will ensure that their needs and wants are satisfied. Nordstrom also uses selective distribution as a method of retailing. The departments now manage inventories at its stores and website as one big entity. When a customer is shopping online and the product is

Judaism - Meaning of life Essay Example for Free

Judaism Meaning of life Essay The meaning of life is a philosophical question concerning the significance of life or existence in general. It can also be expressed in different forms, such as Why are we here? , What is life all about? , and What is the purpose of existence? It has been the subject of much philosophical, scientific, and theological speculation throughout history. There have been a large number of proposed answers to these questions from many different cultural and ideological backgrounds. The meaning of life is in the philosophical and religious conceptions of existence, social ties, consciousness, and happiness, and borders on many other issues, such as symbolic meaning, ontology, value, purpose, ethics, good and evil, free will, the existence of one or multiple Gods, conceptions of God, the soul, and the afterlife. Scientific contributions focus primarily on describing related empirical facts about the universe, exploring the context and parameters concerning the how of life. Science also studies and can provide recommendations for the pursuit of well-being and a related conception of morality. An alternative, humanistic approach poses the question What is the meaning of my life? The value of the question pertaining to the purpose of life may coincide with the achievement of ultimate reality, or a feeling of oneness, or even a feeling of sacredness. governs the universe. Closeness with the God of Israel is through study of His Torah, and adherence to its mitzvot (divine laws). In traditional Judaism, God established a special covenant with a people, the people of Israel, at Mount Sinai, giving the Jewish commandments. Torah comprises the written Pentateuch and the transcribed oral tradition, further developed through the generations. The Jewish people are intended as a kingdom of priests and a holy nation[69] and a light to the Nations, influencing the other peoples to keep their own religio-ethical Seven Laws of Noah. The messianic era is seen as the perfection of this dual path to God. Jewish observances involve ethical and ritual, affirmative and prohibative injunctions. Modern Jewish denominations differ over the nature, relevance and emphases of mitzvot. Jewish philosophy emphasises that God is not affected or benefited, but the individual and society benefit by drawing close to God. The rationalist Maimonides sees the ethical and ritual divine commandments as a necessary, but insufficient preparation for philosophical understanding of God, with its love and awe. [70] Among fundamental values in the Torah are pursuit of justice, compassion, peace, kindness, hard work, prosperity, humility, and education. [71][72] The world to come,[73] prepared in the present, elevates man to an everlasting connection with God. [74] Simeon the Righteous says, the world stands on three things: on Torah, on worship, and on acts of loving kindness. The prayer book relates, blessed is our God who created us for his honor and planted within us everlasting life. Of this context, the Talmud states, everything that God does is for the good, including suffering. The Jewish mystical Kabbalah gives complimentary esoteric meanings of life. As well as Judaism providing an immanent relationship with God (personal theism), in Kabbalah the spiritual and physical creation is a paradoxical manifestation of the immanent aspects of Gods Being (panentheism), related to the Shekhinah (Divine feminine). Jewish observance unites the sephirot (Divine attributes) on high, restoring harmony to creation. In Lurianic Kabbalah, the meaning of life is the messianic rectification of the shattered sparks of Gods persona, exiled in physical existence (the Kelipot shells), through the actions of Jewish observance. [75] Through this, in Hasidic Judaism the ultimate essential desire of God is the revelation of the Omnipresent Divine essence through materiality, achieved by man from within his limited physical realm, when the body will give life to the soul. Zoroastrianism Zoroastrianism is the religion and philosophy named after its prophet Zoroaster, which is believed to have influenced the beliefs of Judaism and its descendant religions. [77] Zoroastrians believe in a universe created by a transcendental God, Ahura Mazda, to whom all worship is ultimately directed. Ahura Mazdas creation is asha, truth and order, and it is in conflict with its antithesis, druj, falsehood and disorder. (See also Zoroastrian eschatology). Since humanity possesses free will, people must be responsible for their moral choices. By using free will, people must take an active role in the universal conflict, with good thoughts, good words and good deeds to ensure happiness and to keep chaos at bay.

The Rights Of Women In Afghanistan Sociology Essay

The Rights Of Women In Afghanistan Sociology Essay Majority of Afghanistans nationalities profess Islam as their religion. Originally Islam religion regards men more superior than women in every aspect of life. Due to civilization across the world, Islam reformed and some of its doctrines were changes in favor of women. Equality among human beings was included in Islam, regarding men and women equal in various ways. Since then Islam women acquired different rights that allow them to choose marriage partners, inherit, vote and work among other rights. In Afghanistan, women have experienced continued denial of such rights despite acceptance according to Islam doctrines (Mittra and Kunar 267). Fathers, husbands, brothers and government decrees are some of the factors that hinder women from enjoying their human rights in Afghanistan. Most of these restrictions were rampant during rule of Taliban who forced Afghan women to abandon their decent jobs such as teaching and remain indoors or when outside they ought to be in a mans escort. Since 2001, a new era began with end of Taliban reign; an improvement was recorded in regard to cultural and political position of women in Afghan. Human rights accepted under Islam law, so far are practiced in various parts of Afghan though in rural and remote areas many population regard women unequal (Zama and Sifton 25). For instance, cases of forced marriages, death threats due education matters and denial of chance to participate or enjoy public life are recordable according to research. Inequality and repressiveness of women in Afghanistan can be further be illustrated by statistics that show 75% of women are forced into marriages, 87% of women are illiterate, 33% of women experience sexual violence or physical assault, in every 30 minutes death occurs in relation to child birt h and only 30% of girls access education in Afghanistan. Literature review Introduction Afghanistan remains one of many Islamic regions where women are denied their rights and freedom. Despite acceptance by Islam Laws and governmental regulations and policies to uphold Afghan womans rights throughout in Afghanistan, many Islamic men have continued to oppress women. Most of womens rights have been upheld following intense campaigns by human rights activities from Afghan and other parts of the world (Thomsen 227). Also government efforts have helped in promoting equality by criminalizing oppression of women despite their originality and religion. Most of these changes are focused on matters that concern education, marriage and public life. In literature review section of this research, rights of Afghans woman in regard to freedom of live, dressing, education, marriage and expression will be discussed. Recommendations and conclusion will follow this discussion as part of this research work. Communication freedom Currently, Afghanistan is undergoing reconstruction after many years of war and reign of Taliban. During 1995-2001, Afghan remained under dictatorial leadership by Taliban who encouraged oppression of women and girls through out Afghan. Talibans brutality was to extent of denying women a chance to communicate with other women apart from family members. In most cases, women remained locked in their houses with small dark windows hence disallowing public intermingling. According to research, an Afghan woman could only walk to public with a company of a male counterpart who was supposed to be of the family (Osmańczyk and Mango 2708). These men act as a barrier to communication and information flow among women and men in public. Information could only be acquired from husbands, brothers and fathers who also were women oppressors according to Talibans regulations. Harsh circumstances under which afghan women lived in were not conducive for effective communication. Women associa tions that encourage information sharing in regard to social affairs are not allowed in most parts of Afghanistan. Information flow from one Woman to another is difficult in such situations hence hindering effective communication. As much as right of expression is among rights upheld by Afghan government, many women are denied such rights by men close in their lives. Womans opinion is regarded inferior and a chance to speak out is not availed to many women willing to do so. Rising of voices is made difficult due to widespread of discrimination against female gender in other major areas that contribute towards information flow. Lack of education for girl-child is a major hindrance to free flow of information. Many Afghan women can only converse in their vernacular languages due to illiteracy (Mittra and Kunar 143). Lack of access to education continues to pin many women down in decision making even those concerning their own plight. Lack of ideas coupled with fear is a key factor that makes Afghan women lag behind in raising their voices beyond their homestead. Freedom of communication by women is also prevented their lack of voting freedom. Many women are hindered fro acquiring voting cards to prevent them from taking part in political decisions. Instances of murder of electoral commissioners who tried to register women for voting processes show how far brutalism and discrimination against women has extended in Afghanistan (Thomsen 270). Such situations block womens effort to communicate their views in regard to type of governance they want. Similarly, women candidates can not be enrolled easily for similar positions to those held by men due to repression in association to voting rights. Women representatives in other parts of the world represent other women opinions therefore ensuring plight of female gender is communicated to authorities. In Afghan such chances are not provided hence continued lack of communication freedom. Additionally, lack of media freedom is another obstacle that contributes to communication problems in Afghanistan. Widespread violence coupled with political wrangles in Afghanistan prevents media efforts in steering women in fighting for their rights by speaking out loud. For instance, many journalists have been killed including and others such as Kambakhsh imprisoned for exercising their expression rights (Afkhami 179). Such situations leave women threatened and in fear of going against their male counterparts hence remain silent and oppressed. A country without freedom of expression by non-Taliban has efforts by women to communicate their views to governing bodies. Such strictness by rulers and men in the society has hindered efforts for free communication among women and men. This situation is changing as women with the support of their men, actively create awareness in regard to human equality across Afghanistan. Formation of RAWA in 1977 was an effort to eradicate violence against women and air their voices to the world. RAWA is an organization established by women and its goal is to promote Afghan women rights (Silkenat and Shulman 64). The organization major objective is to create awareness throughout Afghanistan concerning plight of girl-child and women. It also aims at reaching as many women as possible by communicating benefits of treating women with equality. Organization airs womens voices through conferences, public campaigns, internet and demonstrations. RAWA efforts have been realized over the years though right of expression by Afghan women is yet to be gained fully. Freedom of women and girls lives Since the seizure of power by the Taliban in Afghanistan, over 9 million women and girls have been denied basic human rights. This government has imposed laws against women citing religious purity while in the real sense it is persecution against women. For instance, Afghan women are not allowed to either go to school or work away from home a move which has led to closure of several schools owing to shortage of teaching staff as prior to the invasion of the Taliban about 70% of the teaching fraternity comprised of women (Afkhami 201). Devastating effects have been advanced towards widowed women who were the only source of livelihood for their families. In case women and girls want to leave their homes, then they must be escorted by a male relative. A whole body covering known as burqa must be worn. Instances of killings and beatings of the women have been witnessed due to failure of the women to be fully covered or escorted. Specific aspects of life on which Afghan women are oppresse d and to be discussed under this heading include education, marriage and dressing Education A large percentage of women in Afghanistan are illiterate due to banning of schooling for all women and successive wars in the nation had completely paralyzed the Education system. During the reign of the Taliban, community schools were opened and ran by women where girls were taught literacy skills, numeracy skills and such like subjects as Biology, English, cooking, and knitting (Zama and Sifton 27). Unfortunately instances of torture and killings of women teachers by the Taliban were witnessed. After the overthrow of the Taliban administration, substantial aid was advanced to the Karzai administration in order to restore the girl-child education. Lack of funding poses major setbacks to girl-child education with many girls opting to drop out as the facilities are not conducive. For instance, the learning facilities under unprotected structures like tents. Lack of women teachers means that majority of the girls do not attend school as their parents fail to place the care of the girls under men teachers. Since most of the girls schools were destroyed during the Taliban administration, girls and boys learn in the same facilities: a move which has caused massive criticism especially from high ranking government officials (Thomsen 184). This largely translates to discrimination and lack of freedom. Several Afghanistan women have consistently risked their lives by running clandestine schools for the women population. From 2001, Education facilities have recorded increased numbers of female students though persistent attacks by the Taliban as well as other forces present in the area continue to demean the progress achieved in the female Education sector. Cases girls dropping from schools before completing primary level education have been witnessed due to early marriages and family obligations Dressing The Afghanistan women have continually suffered turmoil especially in the type of dressing they are supposed to constantly wear. A specialty made traditional garment known as the Burqa which covers the whole body with a small grind for seeing and breathing must be worn by the women. The Burqa is extremely uncomfortable especially during hot weather (Silkenat and Shulman 58). The excessive covering may instigate illnesses such as asthma due to the discomfort of the dress as dust sticks thus enhancing dampness during breathing. The visibility of the wearer is largely limited as the size of the mesh opening does not provide adequate perceptibility. Afghanistan women claim that when they are wearing the burqa, total invisibility is exuded. It is impossible to know the kind of emotion displayed by a woman during normal conversation. Marriage In this patriarchal society, decisions are largely made by men fraternity. Women do not have the freedom to choose their marriage partners. Arranged marriages are largely advanced in this country based on economic and political reasons. Instances of girls being engaged before they are born are widespread (Zama and Sifton 54). The authority of who should marry a girl lies with the father who can opt to wed his daughter to a person who may be very old but rich. In areas badly hit by poverty, girls are sold off or exchanged for meals. Women are treated as properties as once the marriage contract is signed the girl cannot marry another man. In case she dies a suitable replacement must be offered. Violent cases have resulted when multiple betrothing is done so as to collect dowry from several men. Dowry payment is regarded as compensation for the care and upbringing of the bride. A married Afghanistan woman is controlled by the mother-in-law who makes such critical decisions on her behalf as whether to attend hospital or not and the activities to undertake (Thomsen 130). Women do not receive custody of children in case of a divorce. Though obtaining a divorce is largely difficult for women who are in abusive marriages, the divorced Afghanistan women are regarded as outcasts especially due to the Islamic beliefs and traditions. Recommendations Afghan women should fight for a chance to speak out and join others international women who are fighting against women oppression. By communicating their views to their spouses, brothers and the public will be a major start step towards their social life improvement. Freedom of expression is known as an effective tool for resistance against practices that oppress women. Lack of such freedom, means Afghan women may continue to tolerate discrimination by men under religious grounds which are used for personal political benefit. Social oppression can be overcome through speaking out in any context cultural, political or religious. Granting of women rights in education, employment , leadership and other roles in public life come as a primarily result of women expression against discrimination. Opening of communication channels in Afghanistan is a basic step in eliminating injustices that surround lives of many women and girls. Of importance is the right to vote, that has been used by many countries in defining future of women in those countries. I recommend Afghan women to retain and utilize their rights to vote intelligently as it is part of decision making. Through voting women elect leaders in support of their rights therefore acquiring access to equal opportunities similar to those awarded to men. Continued efforts by women by speaking out, eventually leads to liberation of girls and women from oppressive societal rules. Again, society starts to appreciate need to uphold plight of women and girls hence creating a balanced society that pays attention to both genders. International community should offer greater support to women organizations working with minority women at the grass roots. Awareness creations through educational programs are essential effort towards liberation of Afghan women from social, cultural, religious and political injustices in Afghanistan. International support through funding and enlightenment of few educated afghan women should be upheld as away of developing strong women leaders in Afghanistan. Conclusion In conclusion, Afghanistan is a region known for oppression of women and girls in various aspects of life. Existence of connection between Islam and governance of Afghans facilitates dehumanization among Afghan women. Most life rights and expression freedom are denied to female gender despite acceptance by Islam doctrines. Afghan constitutional rights are not upheld due lack of commitment by authorities concerned and political instabilities hence impacting on women by denying them their legal and human rights. International intervention has calmed Afghanistan human situation but majority of Afghan women and girls remain discriminated and repressed. Work-cited Afkhami, Mahnaz. Faith and freedom: womens human rights in the Muslim world. Syracuse, NY: Syracuse University Press, 1995. Mittra, Sangh and Kunar, Bachchan. Encyclopaedia of Women in South Asia: Afghanistan. New Delhi, India: Gyan Publishing House, 2004 Osmańczyk, Edmund and Mango, Anthony. Encyclopedia of the United Nations and International Agreements: T to Z. London, UK: Taylor Francis Press, 2003 Silkenat, James and Shulman, Mark. The imperial presidency and the consequences of 9/11: lawyers react to the global war on terrorism. Westport, U.S.A: Greenwood Publishing Group. 2007 Thomsen, Natasha. Womens rights. New York. U.S.A: Facts On File publisher, 2007 Zama, Coursen-Neff and Sifton, John. We want to live as humans: repression of women and girls in western Afghanistan. Washington, D.C: Human Rights Watch, 2002

Essay --

A popular writer in his own lifetime, William Shakespeare's reputation became increasingly popular after his death and his work is widely performed throughout the world. He is the most quoted writer in the literature and history because of his poetries and playwrights. His most famous play was â€Å"Hamlet†, which showed a great deal of revenge. This plays theme reflected the true meaning of betrayal, hate and revenge. In this play Shakespeare shows how individuals would act towards a loves death, no matter the outcomes. In the play Hamlet, there were four revengers, Hamlet himself, Laertes, Fortinbras, and Pyrrhus. However, Hamlet and Laertes will be my main focus on examining Shakespeare’s depiction of revenge. Hamlet is the Prince of Denmark, the son of the old King Hamlet. He is very melancholy, and bitter, full of hatred for his uncle’s usurpation. Laertes in the other hand is the son of Polonius. His character is very passionate but contrasts for the reflective Hamlet. These two characters have many comparisons in seeking revenge after the death of their fathers. Although each has the same intentions the outcomes are dissimilar. When Hamlet’s father King Hamlet and Laertes’s father Polonius were killed, it made them want to seek revenge. The similarities that compare these two characters are their life style and education, the emotions towards their father’s death, and the reasons for their revenge. Each character was described as young man who spend most of their times away from their families. Hamlet spends his time studying at the University of Wittenberg and Laertes spends much of the time in France. They were living their life away from all the problems that were occurring in their homes, until the news of t... ... king Hamlet murdered in the garden by his nephew. There Hamlet realized that the ghost’s word has been proven true and then started his revenge. Hamlet took everything much easy and took time to plan his revenge and Laertes didn’t and failed. In conclusion the death of a father has a strong impact on individuals. This play endorses revenge because everyone paid for their sins. Hamlet revenged his father by killing Claudius and so did Laertes when saying about the plot he did with Claudius which is proven in the book and in the film I saw of Hamlet. In the film, however Laertes shots Hamlet with a gun, that then reverses and Hamlet shots him and Claudius. Revenge was taken place and both fathers murder had vengeance. Even though everyone had to die, this play shows that no matter who was involved in any plot. Everyone involved has to pay for their actions. Essay -- A popular writer in his own lifetime, William Shakespeare's reputation became increasingly popular after his death and his work is widely performed throughout the world. He is the most quoted writer in the literature and history because of his poetries and playwrights. His most famous play was â€Å"Hamlet†, which showed a great deal of revenge. This plays theme reflected the true meaning of betrayal, hate and revenge. In this play Shakespeare shows how individuals would act towards a loves death, no matter the outcomes. In the play Hamlet, there were four revengers, Hamlet himself, Laertes, Fortinbras, and Pyrrhus. However, Hamlet and Laertes will be my main focus on examining Shakespeare’s depiction of revenge. Hamlet is the Prince of Denmark, the son of the old King Hamlet. He is very melancholy, and bitter, full of hatred for his uncle’s usurpation. Laertes in the other hand is the son of Polonius. His character is very passionate but contrasts for the reflective Hamlet. These two characters have many comparisons in seeking revenge after the death of their fathers. Although each has the same intentions the outcomes are dissimilar. When Hamlet’s father King Hamlet and Laertes’s father Polonius were killed, it made them want to seek revenge. The similarities that compare these two characters are their life style and education, the emotions towards their father’s death, and the reasons for their revenge. Each character was described as young man who spend most of their times away from their families. Hamlet spends his time studying at the University of Wittenberg and Laertes spends much of the time in France. They were living their life away from all the problems that were occurring in their homes, until the news of t... ... king Hamlet murdered in the garden by his nephew. There Hamlet realized that the ghost’s word has been proven true and then started his revenge. Hamlet took everything much easy and took time to plan his revenge and Laertes didn’t and failed. In conclusion the death of a father has a strong impact on individuals. This play endorses revenge because everyone paid for their sins. Hamlet revenged his father by killing Claudius and so did Laertes when saying about the plot he did with Claudius which is proven in the book and in the film I saw of Hamlet. In the film, however Laertes shots Hamlet with a gun, that then reverses and Hamlet shots him and Claudius. Revenge was taken place and both fathers murder had vengeance. Even though everyone had to die, this play shows that no matter who was involved in any plot. Everyone involved has to pay for their actions.

Depression vs Recession – Difference and Comparison Diffen

Depression vs Recession Diffen †º Economics In economics, the words recession and depression are used to refer to economic downturns. One could say that while a recession refers to the economy â€Å"falling down,† a depression is a matter of â€Å"not being able to get up. † Comparison chart Improve this chart Frequency: Depression Infrequent (approximately once in a generation). 3 notable depressions Great Depression in 1930s, Long Depression from 1870s-1890s, panic of 1837. No official definition. A severe recession with a 10% decline in GDP is usually called a depression.Recession Frequent. The National Bureau of Economic Research has identified 10 recessions. (http://bit. ly/acM3VJ) Definition: An economic contraction when GDP declines for two consecutive quarters is usually called a recession. Ads by Google Recession Depression US Recession Economics GDP Contents 1 Difference between definition of recession and depression 1. 1 Definition of Recession 1. 2 Defi nition of Depression 2 Characteristics of a Recession vs. Depression 3 Related Articles 4 References Difference between definition of recession and depressionDefinition of Recession A recession is a contraction phase of the business cycle. The U. S. based National Bureau of Economic Research (NBER) defines a recession more broadly as â€Å"a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. † American newspapers often quote the rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters.This measure fails to register several official (NBER defined) US recessions. Definition of Depression A depression refers to a sustained downturn in one or more national economies. It is more severe than a recession (which is seen as a normal downturn in the business cycle). There is no official definition for a depression, even though some have been proposed. In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.A GDP decline of such magnitude has not happened in the United States since the 1930s. Characteristics of a Recession vs. Depression The attributes of a recession include declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions are the result of falling demand and may be associated with falling prices (deflation), or sharply rising prices (inflation) or a combination of rising prices and stagnant economic growth (stagflation).A common rule of thumb for recession is two quarters of negative GDP growth. The corresponding rule of thumb for a depression is a 10 percent decline in gross domestic product (GDP). Considered a rare but extreme form of recession, a depression is characterized by â€Å"unusual† increases in unemployment, restriction of credit, shrinking output and investment, price deflation or hyperinflation, numerous bankruptcies, reduced amounts of trade and commerce, as well as highly volatile/erratic relative currency value fluctuations, mostly devaluations.Generally periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced given current resources and technology (potential output). A devastating breakdown of an economy (essentially, a severe depression, or hyperinflation, depending on the circumstances) is called economic collapse. Related Articles GDP vs GNP Monetary Policy vs Fiscal Policy Nominal GDP vs Real GDP American Economy vs Canadian Economy 9/3/12 Depression vs Recession – Difference and Comparison | Diffen Economic Development vs Economic GrowthReferences http://en. wikipedia. org/wiki/Recession (retrieved on October 12, 2008) http://en. wikipedia. org/wiki/Depression_(economics) (retrieved on October 12, 2008) The Economist – Diagnosing Depression Comments: Depression vs Recession Add a comment†¦ Comment using†¦ Omar Ngodan Secka  · Group Head, Real Estate Marketing at AGIB LTD wonderful explaination Reply  · Like  · August 13 at 6:08am Abdulkader Sa'ed M'oud  · Amoud University prolonged recession is known as depression. Reply  · 1  · Like  · May 8 at 3:07amAmmar Kamran  · ICMAP owesome Reply  · Like  · June 14 at 11:45pm Mohammad Asad  · Lecturer at Kardan Institute of Higher Education recession is for short period of time and its affects can on one economy and depression on the other hand have longlasting affects on more than one economies. Reply  · 1  · Like  · April 8 at 12:33am Saroj Dhal  · Works at Shoppers Stop contineously and consistency down of market condition that is known as depression. Reply  · 1  · Like  · February 2 3 at 7:19am Anonymous comments There are no anonymous comments yet for Depression vs. Recession. Comment anonymously www. diffen. com/difference/Depression_vs_Recession 2/2

EGT1 †Economics and Global Business Applications Essay

Elasticity of demand is a measure of responsiveness to a price change of a good or service. When demand is elastic, the percentage of a price change of a product will result in a larger percentage of quantity demanded (McConnell, p 77). It basically means reducing the price of a good service will result in a greater quantity demanded and an increase in revenue for the seller. When demand is inelastic, a change in price will result in a reduction of quantity demanded, which will then lead to a revenue decrease (McConnell, p 77). To demonstrate elastic and inelastic demand results, Company A sells 100 pens at $1.00 a piece each day, making their revenue $100.00. Company A then decides to sell their pens at $.50, which results in a total of 250 pens being sold. The total revenue from the price drop is $125, resulting in an additional $25.00; therefore the demand in this scenario is elastic. If selling the pens at the decreased price of $.50 would result in more pens being sold, but less total revenue, the demand is said to inelastic. According to McConnell, when demand in unit elastic, the percentage change in price and the resulting percentage changes in demand are the same. The change in price will not increase or decrease revenue. Cross price elasticity measures the response of demand to a change in price of another substitute or complimentary good (McConnell, p. 87). Substitute goods are goods that can be purchased in place of another good. Examples of substitute goods are soda (buying Coke vs. Pepsi), computers, and potato chips. A positive cross elasticity of demand means the increase of price in one good, for example Coca-Cola, will increase the demand of a substitute good, for example Pepsi. As the price for Coke increases, consumers are more likely to purchase Pepsi at a lower price, thereby increasing its demand. Complementary goods are items that are typically purchased in conjunction within one another. Examples are ringed binders and notebook paper, pencils and erasers, and potato chips and dip. A negative cross elasticity of demand in complementary goods means that the increase in price of one good, an example being potato chips, will decrease the demand for the complementary product that goes with it, the dip. Income elasticity measures the responsiveness of consumers to changes in their incomes (McConnell, p 88). Demand for normal goods tends to increase as consumers’ incomes increase and conversely, demand for inferior goods tends to decrease as consumers’ income increases. Demand is elastic where there is a large availability of substitutes. The reason for this as the price of a good increases, if there is a large amount of substitutes for this particular good, the consumer will choose the substitute. As discussed earlier, soda is an excellent example of this elasticity. Airline tickets are another example. As one airline raises its cost of a ticket or to even pay for a bag to be checked, a consumer will more likely choose a cheaper ticket or an airline that doesn’t charge for baggage over the original. If there is no (or a very limited) amount of substitutes for a good, elasticity is said to be negative. A price change in medication will not likely change the behavior of a consumer relative to demand since there isn’t a substitute to taking the medication. Household utilities are another example of a limited amount of substitutes. In discussing the proportion if one’s income devoted to a good concept, the household budget comes into play. In a given month, households pay for many different good and services. A change in price may or may not affect the households demand for those goods and services. Often, it is dependant on how much of the household budget is devoted to that good or service. Mobile phone service is an excellent example of a service that will most likely have a large amount of a household budget dedicated to it. A change in price in the cell phone service will most likely result in that family making a decision to change to a cheaper service, since that will have a large impact on their budget. On the other hand, that same household may purchase light bulbs each month. The amount of money dedicated to the purchase of light bulbs is so small, that a price increase will not likely affect the budget, therefore the family will not likely make a decision to change to a cheaper bulb. The concept of time when discussing demand is important. When a consumer has a large amount of time to decide on the purchase of a good or service, the elasticity is positive. Conversely, if there is little time, the elasticity is said to be negative. According to McConnell, and excellent example of this is gasoline for automobiles. Gasoline prices change daily and more often than not, prices rise. A family, who owns a car and is dependent on that car for work, etc, will not likely stop buying gas in the sort-term, because it is crucial to their everyday living. However, that family over a long period of time may decide to find alternate means of travel, decreasing their demand for gas. Using the graphs for elasticity of demand and total revenue, areas of elasticity, inelasticity and unit elasticity have been identified. Demand is elastic between the prices of $80.00 and $50.00, meaning the demand increases as the price decreases, resulting in an increase of total revenue. Between the prices of $50.00 and $40.00, the demand in unit elastic, meaning the percentage of drop in price resulted in the same percentage of increase in demand. Revenue remained unchanged in this price range. Between the prices of $40.00 and $0, the demand is inelastic, meaning the price drop has resulted in an increase in demand, but not enough to over come the decrease. Total revenue has been negatively impacted.