The Importance Of A Utopian Society

The Importance Of A Utopian Society
Webster's Dictionary defines a Utopian society as "a place of ideal perfection especially in laws,
government, and social conditions". The ultimate goal of a community is create a Utopian society. A
society in which everyone is equal in success. Similar to a classroom setting, a community consists
of individuals who yearn to make a difference or have a desire for success. In a community,
individuals want power, whether in monetary or in social ways. Each member of a community has a
responsibility to create a more perfect society through contributions to benefit not only the
community as a whole, but himself.
An individual is responsible for donating a portion of their wealth once they have become
successful. Each member of a community should reciprocate their success because without the
members of their community, the chances of them finding success would be negligible. It is true,
"the man who dies thus rich, dies disgraced" (Carnegie 363). To keep ones money when their is no
use is labeled as selfish. The wealthy man did not achieve his status alone. He acquired help from
his community and should give back to it. Sensibility is found in the idea that people should be able
to keep the money they worked hard to earn. Every person wants to be rewarded and those who find
success believe they deserve every penny. However, one can not pin his own greatness on himself. It
is the support from family, friends, and sometimes strangers which influences the triumph one might
find. As
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Tanglewood Case 2: Planning
Tanglewood Case 2: Planning
To: Dr. Grace
From: Tanisha Yorrick
Date: 9/16/2015
Subject: Tanglewood Planning
Introduction
Tanglewood is trying to conduct a hiring plan for its upcoming year. They need to meet certain
numbers and plan for expected shortages and surpluses. They are seeking assistance in identifying
the trends in their labor market, filling vacant positions, reducing turn overs and updating their
affirmative action plan.
Key Points
This section contains the key issues for Tanglewood to address and rectify.
* There will be employee shortages in the upcoming year that will require the company to seek
outside sources in the form of new hires, temporary assignments and temporary hires. There will be
a ... Show more content on Helpwriting.net ...
They could also hire unexperienced people looking for work for store associates, and hire more
experienced candidates for shift leaders and department managers.
There seems to be a problem with hiring for female employees as shift leaders. This could mean a
few things. Tanglewood could not be promoting enough women within the company of the position
is not appealing to enough women outside of the company. It could also mean that women are
exiting the company more than men. Tanglewood should take an approach that promotes shift leader
vacancies to women.
I think Tanglewood should take a serious look at how they are approaching diversity within their
organization. I think they should engage community organizations that cater to women and
minorities. They should also reconsider the ways in which they advertise, look into new media
outlets that will give them direct access to the employees they seek. They can ensure that all
employees have the same opportunity for promotion. To accomplish this they would make internal
postings available to all, evaluate job requirements and allow employees to discuss their interests in
career growth. Overall, I do think the goal of meeting their AAP and hiring needs within the same

year is doable. It would just take some more effort than what Is currently being used.
One of the pros of using internal promotions for gender and diversity hiring is it's easier to identify
the

Touchstone Theorists Of Capitalism : Smith, Marx, And Keynes
Please refer to page 23 of the packet Touchstone Theorists of Capitalism: Smith, Marx, and Keynes.
According to Smith and Say's Law, Overproduction, recession/depression, and unemployment are
three problems that are avoided in capitalism because supply creates its own demand. In the
diagram, firms produce products and factor income; for both their workers and selves, through the
production process; as seen in arrow one. Factor income for their workers in then used to consume
the goods produced and to be saved so that money may be invested in bonds or shares of companies;
as seen in arrows two, three, four, and five. Companies in Say's Law use factor income to consume
inputs for production and to be saved for real investment. This model is used to represent the normal
market not individual markets. This would potential create a closed loop and become a perfect
system, although, as Keynes points out, consumers and firms will always want more, it is human
nature. Kaynes questions the reliability of Say's Law because although it states that unemployment
cannot happen, he sees that it does. Keynes looks at arrow four of the diagram and says that firms
appear to be investing less than is available to borrow. Firms are thinking more into the future and
instead of investing, are putting their income that is not used to purchase inputs for production into
liquid assets such as treasury bills. Instead of firms investing in business proposals they turn to short
term assets, this causes an insufficient demand in Say's Law. Firms are also in competition with one
another creating a cheapening of labor power, if products are being produced faster, which leads to
unemployment, recession/depression, and overproduction.
3. Smith states in his theory that capitalism is an ideal system because it is equitable. Capitalism is
equitable in the sense that it is an individualistic reward system, there is equality of opportunity, and
marked discipline. On pages 20 of Touchstone Theorists of Capitalism: Smith, Marx, and Keynes
the diagram represents the feudal system and how this system lacked opportunity for all. While on
page 21, the diagram demonstrates how capitalist markets created opportunity for advancement of
anyone who

Man vs. Machine Surplus Theory of Value Output Essay example
Mos 1
Steffan J Mos
02/24/13
ISF 100A essay 1
Prompt 1
Man vs. Machine Surplus Value output
Within society there has always been producers and consumers, those who work for the benefit of
others to gain in return a medium of exchange of wealth and salary for personal consumption at a
later time. But at what cost of these workers, what of the surplus or rather byproduct of labor that
workers create for capitalists to make economic profit of the workers? Their labor–cost, according to
nineteenth century German economist Karl Marx, is then able to be appropriated by Capitalist and in
return allows then for economic profit/growth. This being the root of what we call capital
accumulation, or the gathering of objects of value to ... Show more content on Helpwriting.net ...
The more mechanized a firm is in any sector tends to be more profitable than less mechanized ones
in the long run. However the investment in industrializing the workforce would have short–term
ramifications of production of the machines, and the cost of human labor to put together the
machine. For instance a company could see a short run decrease in production and sales by their
investment into mechanized systems, however after the production of the machine, the rate of output
and efficiency of a company would be better off and more production then a company that had not
mechanized. We see here that in this day and age the there is a new dominant leader in the market
place is the industrial capitalist. By taking out the human labor and focus on mechanized labor,
firms then have the ability to allocate resources efficiently and effectively elsewhere and reach a
max level of production and profit. What Marx found puzzling about his surplus value theory, is
how do we determine the actual value of the machines? What seemed troubling to Marx was how
could we decipher the labor use of the worker and the capacity of the machines to maximize
production while being able to use incorporate them both so there is
Mos 3 this use of allocated efficiency in the workplace. What makes it difficult is without having the
mechanized labor; the rate of production drops but also decreases the labor force. In that, the
question is posed,

Marx 's Theory Of Total Social Capital
Marx begins his analysis of capital accumulation and growth with the demarcation of capital into its
two constituent parts: constant and variable capital. The former pertains to the means of production
utilized (as determined by its mass), whereas the latter term applies to human labour power inputs of
production (and is accounted for by the aggregation of wages). The organic composition of capital
was then conceived to establish the ratio of constant (value composition) to variable (technical
composition) capital incorporated in production. In order to extrapolate the allocation capital of a
single firm across the entire economy, Marx devised the concept of total social capital. This term
refers to the average arrangements of capital in each sector of the economy, averaged across all
spheres of the economy. Capital inherently generates an annual surplus, which in turn influences the
level of variable capital employed. The surplus produced by capital is divided into revenue for the
capitalist or reinvested in production. This reallocation of surplus ultimately determines the degree
of accumulation (if more capital is reinvested, and less kept as revenue for consumption, then
accumulation will be higher). It also has an effect on wages and the demand and supply of labour
(i.e. components of variable capital). Supply increases absolutely, as does the demand for labour (if
the variable capital needed for the operation of constant capital is unaffected) and wages will grow if

Economic Economy : The Global Economy
Formative: The Global Economy
Topic: Show how the imposition of a tariff by a small country will have a consumption effect, a
production effect, a government revenue effect, and a trade effect on the economy of that country.
"If the country is a 'small country' in international markets, then the policy–setting country has a
very small share in the world market for the product–so small that domestic policies are unable to
affect the world price of the good". (Suranovic, 2010, pg. 296). Hence the small country is a 'price–
taker' and not a 'price–maker.' A tariff is a tax or duty levied on the imported commodity when
crossing an international boundary. (Salvatore, 2012, pg. 113). Tariffs are one of the easiest ways for
governments to collect ... Show more content on Helpwriting.net ...
(Foreign Affairs 2009). Due to which, this small country will engage in trade with other nations.
This is illustrated in figure 2.
When the country interacts with the world through imports and exports and with the world price of
£10, and with free trade, the nation will consume 100 units of X, this is illustrated by BC. Out of the
100 units, 25 units is domestically produced, illustrated by BD, and the remaining 75 units is
imported, this is illustrated by DC. Due to import, the gap between quantity demanded and quantity
supplied is filled. The consumer surplus due to this will be £1250. "Consumer surplus is the
difference between what consumers are willing to pay for a specific amount of a commodity and
what they actually pay for it". (Salvatore, 2012, pg. 117). The producer surplus will be £25.
"Producer surplus is defined as the difference between the amount the producer is willing to supply
goods for and the actual amount received by him when he makes the trade". (The Economic Times
2015)
Due to imports, the price of commodity X will decrease, resulting in a situation where this small
country will impose a tariff. This effect is often the tariff's principle objective– to protect domestic
producers from the low prices that would result from import

Taking a Look at the Sports Industry
1.Sports is a very important part of the United States. When there is a plan to expand the US
franchises in foreign countries the most important factor will be the local culture. The success of the
market share capture can only be done when a company has understood the cultural differences that
exist in other geographies. The cultural differences can be pertain to the social structures ,their
manners and the rituals and values. There are also differences in attitudes, languages and
communication patterns.
As the US franchises pitch for foreign lands, the structure of the organization should also change
(Shropshire et al., 1995).The search for global talent must go on and they have to make the sport
well–known to seek new athletes and talented sportspersons. During their advance to other
economies, they should be open to their culture and custom along with their beliefs. They should be
in a position obey the rules and also design their gear for the various sports, with a respect the
sportmanship.
The risk of these franchises from failing in foreign culture can be decreased with the help of
effective market research. This data mining will equip them with an understanding of the facts and
about the country's mentality towards sports. Thus they will also gain valuable information and this
will help them to design their innovative propositions.
2.The globalization forces should be dealt through various means when the sports frachinses goes
overseas.
They need to

Lefkowitz V. Great Minneapolis Surplus Store
Contracts are legally enforceable agreements made between two parties. There are many different
types of contract, all made and enforced in different ways. However, for an agreement to be valid in
contract, there needs to be an offer made, and acceptance. The first issue is whether or not the
auction house is contractually obliged to return Barry's 10% commission fee. The advertisement
published by the auction house stated: "A commission charge of 10% of the purchase price must be
paid by the buyer to Allen Auctions on any purchases made. The first 5 people to arrive at the
auction house on the day of sale will have this charge waived and will be able to purchase
commission free." Generally, an advertisement is an invitation to treat, ... Show more content on
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The court found that the advertisement did not constitute an offer, but was rather an invitation to
treat, as it was only a proposition. The defendant was not liable. Similarly, the advertisement
published by Allen Auctions is indeed not an offer, but an invitation to enter into negotiations with a
view to creating an offer. In conclusion, legally, there is no binding contract between Allen Auctions
and Charlene, and she is not entitled to a reimbursement of £60. The third issue is whether or not Mr
Allen is legally obliged to accept Deshi's bid at auction. Deshi arrived at the auction house interested
in a Moorcroft Queen's Choice Vase. When the bidding was open, Deshi bid £150. However, before
the bid was accepted he withdrew it. The auctioneer again asked for bids and Deshi bid £40. Mr
Allen refused to accept the bid, as he believed the vase was worth much more. Mr Allen then
withdrew the vase from

The Story Of Bread And Roses
The story of Bread and roses is another classic example of working class people being exploited by
the company and management whom they work for. After watching the movie, I realized that, the
movie itself exemplify various conceptual theories proposed by sociologist Karl Marx. After
analyzing Bread and Roses through these various conceptual lenses, I have found that these
concepts and theories proposed by Marx best explain different parts of Bread and Roses. His
production theory in Capitalism, The Exploitation of Surplus Value, and The Revolution of the
Proletarians. These chosen concepts and theories do not fully explain the movie by themselves, but
fit perfectly together in various parts throughout the movie. Before I can go on to explain these
concepts and how they tie into Bread and Roses, I feel that a brief summary of the movie is
necessary. Bread and Roses is a fictional story about the exploitation of janitor workers by the
cleaning company Angel. More specifically, the story revolves around Maya, a Mexican immigrant.
Maya, when the story begins, just had recently crossed the border into the United States. Once Maya
linked up with her sister Rosa, Rosa pulled some strings so Maya can work as a janitor with her in a
high rise building. While acclimating to her new job, she noticed the poor treatment and lack of care
given to her and fellow co–workers such as low hourly wages ($5.75), no health care, and bad
management by supervisor Perez .With the help from a union

Economics of Daily Life Essay
Economics of Daily Life
Leah Hand
Stevens–Henager College
Economics of Daily Life
Economics is a study of how society manages its scarce resources. The literal translation for
economy is "one who manages a household." "In an increasingly complex world connected by
social and economic interaction and interdependence, news of stock market fluctuations, consumer
confidence scores, and various economic indicators fill the media" (Broome & Preston–
Grimes, 2011). This means that economics is everywhere, even in a home. Every household makes
decisions that follow the economic principles. There are tradeoffs, and incentives. Supply and
demand regularly show up in a household setting, as do decisions regarding limits on price and time.
I ... Show more content on Helpwriting.net ...
There is also the trade–off of being with friends or keeping my house clean. I could probably list a
few hundred tradeoffs that occur during my day. Another principle of economics is incentive.
Incentives are a form of motivation for a person to do something; a simple example of incentives is
being paid working wages. The Montessori school children in the study had an incentive for their
school to do well; the profit would be funds for a school trip at the end of the year. The better their
school store did the more money they had at the end of the year (Broome & Preston–Grimes,
2011). Incentives are one of the principles that show up in my daily life regularly. With four children
in one house, the concept of incentives is crucial. There are chores to be done daily, and the
incentive of money as a reward is one of the incentives I use.
In my job, I also receive the incentive of money for working. Incentives also show up while driving;
not getting a speeding ticket is the incentive for driving the speed limit. Tradeoffs and incentives are
only two of the ten principles that I come across in my life at home.
Not only am I a mom but I am a manager of a floral shop in a town close to me. Supply and demand
are so very apparent in my field, and it is a very fluid thing. The supply that I handle daily is
obviously the flowers. Our flowers come from various places from all over the world. Supply is
based on

Karl Marx History of Economic Thought
HS11–7,756,1.00 History of Economic Thought Christof Zanecchia 10–992–204 Professor
Allgoewer Karl Marx: "A context for inevitable social revolution" Of particular interest in Rima's
summary and critique of Marx's background and social/economic contributions is the quote: "It is
not the consciousness of men that determines their being, but, on the contrary, their social existence
that determines their consciousness." Karl Marx, in reference to modes of production, which refers
to the social relationship present in ownership and the use of the means of production, explains how
the effects of the control of modes of production on society are intrinsic in a ... Show more content
on Helpwriting.net ...
Marx rejects the classical view of exchange, explaining that under conditions of simple reproduction
of goods, money serves only as a medium to circulate commodities. In the classical view, this
process of production and exchange involves the exchange of individuals' commodity surpluses for
money, which are used to buy other commodities. This process whose purpose is to satisfy only
wants can be represented by C–M–C. The capitalist process for Marx is different in that the
capitalist uses money to buy labor power as a commodity whose use value, in turn, is at his disposal
for the entire working day. The capitalist then uses the selling price of workers' products (in which
their labor power is set) to return an amount of revenue to the capitalist that exceeds the wage cost
of the labor he purchased. This can be represented as M–C–M or "buying in order to sell." This
creates an immediate economic advantage from the standpoint of the capitalist in the M–C–M
process because he has the money to purchase the capital labor necessary to create more money
through "surplus labor power." For Marx, this represents a change in the classical perspective from
"buying in order to sell" to an attitude of "buying to sell dearer." This alters the exchange process
into an input of M "en style lapidaire" to create an output of more M or "value that is greater than
itself" – a process that benefits the capitalist agents

The Importance Of A Firm Within A Business Network
The aim of a firm within a business network is above the normal profit or at least normal profit
which means when the revenue is equal to cost. Sometimes, a firm could achieve above normal
profit through differentiation, lower cost and information advantage. A good performance in a
company with high return have to think about the position in the business network which contains
upstream such as find raw material, downstream which involves the process of make the raw
material find during the upstream stage into a finished product. In this essay, IKEA will be the
example to analyse the importance of good position in business network to a company.' 2.0
Positioning in the network 2.1 Porters Five Forces According to Mindtools(2016) that five ... Show
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IKEA has relatively low supplier powers it has approximately 1380 suppliers in around 54 countries
and IKEA has multiple sources in a modular fashion to implement procurement. During the
production process, IKEA do not reply on less number of manufactures but all the design are
completely modularized, so that different modules can be assigned to different manufacturers. By
doing so IKEA could also reduce the risk and reduce the power of supplier. In addition, threat for a
new entrant for a home and furniture industrial is important. There has no legal restriction for a new
business to enter the market. However it is very hard for the new business to make profit from
economics of scale as same as IKEA in the early stage of running business. IKEA has been became
a successful entrant and perfectly turn the business into an international furniture market due to their
good performance in the market ,at the same time, IKEA also stop other competitors from entering
the market. Therefore, the threat for new entrant for IKEA is quite low. Next, as long as the
bargaining power of buyers is concerned, there is a very low pressure for IKEA as in the U.K., most
of the customers are very price sensitive which will definitely increase their buying power. Since
IKEA has a lot of competitors in the U.K. which will cause IKEA simply make amendment on price
such as John Lewis. Although

Marx View on Capitalism
1b. Summarize Marx's views on the market, alienation, the labor theory of value, the surplus value,
and the accumulation of capital. Are these views relevant in the 20th century and during the
contemporary globalization? If so, how? How are these views related with Thorstein Veblens ideas?
Please give specific reference to the relevant readings.
Theory of Alienation––his analysis of how people are bound to become estranged from themselves
and each other under the conditions of capitalist industrial production (Hooker). This Theory of
Alienation is often considered the philosophical underpinning for his later more technical critique of
capitalism as an economic system (Bramann).
Marx developed his theory of alienation to reveal the human ... Show more content on
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The factory owner has done nothing to earn the money and the $5 per hour he receives is "surplus
value", representing exploitation of the worker. Even the tools which the factory owner provided
were, according to Marx, necessarily produced by other workers (Wollstein).
According to the labor theory of value, all profits are the rightful earnings of the workers, and when
they are kept from the workers by capitalists, workers are simply being robbed. Marx called for the
elimination of profits, for workers to seize factories and for the overthrow of the "tyranny" of
capitalism. Basically out of the worker labor, the companies make far more than what they paid the
workers, while the companies get richer and richer while the workers remain poor (Mandel).
There are some flaws to the labor theory of value. For example, most workers prefer to be paid
when their work is completed rather than when their products are sold – which may be months later.
For workers to be paid now, rather than later, someone must advance their wages, and clearly this
service has a value. But proponents of the labor theory would have it both ways: workers are to
receive the full future value of their product now. The final theoretical failure of the labor theory of
value is the value–effort fallacy. It is folly to assume that all effort produces value. Every day each
of us wastes time on fruitless efforts. To equate labor with the

Karl Marx
A century and a half ago, Karl Marx established a theory that today is known as the backbone to
modern socialism and communism. Marx viewed the early capitalism of his own day as inherently
exploitive. At the core of capitalist production is what is considered surplus value, the value left over
after the producer (in Marx's case, factory owner) had paid the fixed costs of production such as raw
materials, machinery, overhead and wages. The left over amount was kept as profit, a profit that
Marx saw that was earned from the sweat of the labor. Derived from his idea of surplus value was
that of alienation. Marx gave an economic interpretation to alienation. People were alienated from
their own labor; their work was appropriated by someone ... Show more content on Helpwriting.net
...
In realizing that the capitalist had a new tool with which they could barter or trade, they also
realized they now had an effective tool to keep the cost of the labor commodity down and in effect
control those of the labor community that would become trouble for the new way of doing things in
this new capitalist, industrial, power creating realm. The first casualty was and is always the worker
in a capitalist society, according to Marx. See, first of all, Marx saw the many workers as victims
who were or are taking advantage of by the owners of the factories and other means of production to
satisfy the gain of profit by the few capitalists. Marx argued that under capitalism labor seldom
receives more than bare subsistence. According to Marx, the surplus remaining is appropriated by
the capitalists as their profits. This was a belief that many laborers, trying to organize to obtain
better wages and work conditions during early commercial capitalism, held and acted upon.
Arguing that "the history of all hitherto existing society is the history of class struggles," (500) and
that liberal governments and ideology were merely agents of the exploiting owners of property,
Marx advocated the abolition of private property and predicted the demise of capitalism after a
series of recurring crises. The abolition of property, and therefore of class

In Defence of Marx's Account of the Nature of Capitalist...
In Defence of Marx's Account of the Nature of Capitalist Exploitation
ABSTRACT: According to Marx, "at any given epoch of a given society, [there is] a quantity of
necessaries [recognized as] the necessaries of life habitually required by the average worker." The
variations in the type and amount of goods recognized as necessary for life between different epochs
and different societies is due to the different 'physical conditions' and to the different 'degrees of
civilization' and 'comfort' prevalent. In advanced capitalist societies, the necessities of life include a
heated dwelling, food, clothing, and access to some means of transportation, be it public or private.
However, the average laborer in advanced capitalist societies has ... Show more content on
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But the average laborer in advanced capitalist society has access not only to the necessaries of life
but to a variety of luxury items as well. For example, the average worker has access to at least some
subset of the following luxury items: "fine" food and drink; an automobile; a television set; a hi–fi
set.
In this paper, I will (I) explain Marx's theory of the nature of capitalist exploitation; and (II) indicate
how the phenomenon described in the previous paragraph may be interpreted as evidence against
Marx's theory, and sketch an interpretation of this phenomenon according to which it is consistent
with Marx's theory. My interpretation will suggest that the average worker's access to luxury items
can be explained by the necessity in capitalism of reproducing the working class.
(I) In some of his early works, Marx suggests that the poverty of the workers goes hand in hand with
capitalist production. For example, in "Alienated Labor" he claims that in capitalist society, "labor
produces marvels for the wealthy but it produces deprivation for the worker" (61). Indeed, "so much
does the realization of labor appear as diminution [of the worker] that the worker is diminished to
the point of starvation" (61).
This view, that as a necessary result of the capitalist mode of production the average

Marx Theory Of Reserve Army Of Labour
, rather than reducing migration, economic development increases migration. Marx theory of reserve
army of labour is central to what he has to say about capitalism and workers wages; the proletariat.
Most migrants in society today migrate to the US and end up working in factories where they
manage machinery. Marx theory illustrates how capitalist industries consists of two parts – the
machinery and the workers. Capitalist industries expand by sukingin their workers to operate the
machinery, upping their wages and attracting more of them. By doing so the worker is necessary to
satisfy the needs of the machinery, rather than industry existing to satisfy the worker's need. This
process illustrates how capitalism exploits workers for their labour. Yet migration provides the
capitalist industry with a wide array of wage–labour. Scholar Jeff Manza explains how higher pay
depends on whether or not the product is profitable for the capitalist who owns the machinery to
employ workers to operate. Marx draws the conclusion that capitalism is the first economic system
in which there can be too many workers, with a large sum coming from migration as migrants are in
search of economic development.
The influx of migrants to the US continues to create a class of uneducated proletarians who remain
unconscious of their role in unpaid labour. Immigrants become the primary source of cheap labour.
migrant labour has become manipulated in the world markets by successful capitalist countries,

HW 2 Essay
University of XXXBUS 500B Fall 2014
Homework 2.2
Due Date: Sunday 09/28
Instructor: KittiTrade
1.
Nation A's production in 1 day Nation B's production in 1 day
Computers 100
Software 140 Computers 120
Software 150
Two nations can produce computers and software in the amounts given in the table above.
Using the same amount of resources to produce two goods. Draw PPF curve and explain the reason
of each question.
a. Does either nation have an absolute advantage in producing the products?
b. Which nation has a comparative advantage in computers?
c. Which nation has a comparative advantage in software?
2. Assume some guy named Spano and a woman named Bagley are stranded on an island. Two tasks
must be ... Show more content on Helpwriting.net ...
Label these points B. (Look at the case of US and Japan's export and import). (Each country will
export what it specializes and import what it does not specialize)
Firms in Competitive markets
4.
Brennan's Farm produces and sells milk. The market for milk is perfectly competitive. The market
price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown
in the table above.
a) Draw Brennan's average total, marginal revenue and marginal cost curves. (Hints: calculate total
revenue (P* times Q) first, and then calculate MR)
Use your graphs to find Brennan's profit–maximizing output. (Hints: where MC=MR, you can
estimate the level of output if not given specific number)
If Brennan maximizes his profit, how much profit does he make? (ATC=2.13)
d) Should Brennan stay in business? Will other farms with costs the same as Brennan's enter the
milk market? Explain.
Monopoly
5.

What are Adele's profit–maximizing output and price? What is Adele's economic profit? Explain
your answer.
b) Does Adele's Springs use resources efficiently? Explain your answer
c) What is the deadweight loss due to profit–maximizing monopoly pricing under the following
condition.
6. Trade Restriction
a. What is the equilibrium price of CDs before trade? _________________
b. What is the equilibrium quantity of CDs before

Firms should seek to “get their own house in order” before...
Assignment Title: Firms should seek to "get their own house in order" before seeking to manage
suppliers
Purchasing is a vital process of the company, 100% efficiency is required at all times. There must be
proper organization and flexibility in this department. People working in this department should
constantly evaluate the current purchasing scheme of the company and adapt to changes at all times.
Purchasing department or team of a company basically seek to answer these two questions: what we
buy and how we buy. The answers to these two questions can change depending to companies size
and sector. Indeed, by answering these two questions is the main goal of procurement team or
department is to create best value for money and to ... Show more content on Helpwriting.net ...
All of these elements could still fail with the existence of problems that should be recognized and
avoided at first glance namely (Londsdale, SP&SM, Lecturer notes, Week 3) maverick buying,
fragmentation of spend, early specification, over–specification, unnecessary change to
specifications, poor demand information, lack of clarity, adverse selection, inappropriate
contracting, poor monitoring leading to moral hazard, and unnecessary purchase.
When fragmentation exceeds its neutral level, means that parts or branches in this situation are
unconnected and/or missing and still expected to come up with results the same as what the entire
system once did (http://www.ourfurutre.com/real101.htm) the whole is always better in presence as
everyone will have a better understanding of each function. It is also good to note that

The Idea Of Competition : The Classical And Marxist Economics
This paper studies the idea of competition. What is competition? Do we need competition, why do
we need it? The paper further elaborates competition in aspects of two school of thoughts, the
Classical and Marxist economics.
Competitions are ubiquitous. It may be in the form of us seeking a promotion at work, company
competing for bigger market share. In fact, humans more often than not ,seek to achieve a superior
position relative to others in a variety of contexts (Garcia, Tor and Schiff, 2013). Simply put, an
undertaking with an aim of establishing gain by hindering the competitive edge of the rival party
involved. In economic sense, in a marketplace, there are buyers and sellers for a product existing at
variance, which would allow the price of products to change to counter the change in supply and
demand. In todays times almost every product has a substitute alternative, hence, a buyer would
have the convenience of switching to the cheaper alternative if price of a product becomes
unaffordable for them. Hence, the buyers have relative influence on the price of the products.
However in some industries there are only a few supplier of the products and services, due to the
absence of substitutes, which reduces the bargaining power of the consumers on the price of goods,
due to the producers having absolute power over the pricing of the goods.
The Classical economic school of thought reflects on competition as instrument in forcing of market
price to its natural level

Marx first discussed his alienation theory in the Economic...
Marx first discussed his alienation theory in the Economic and Philosophic Manuscripts of 1844[1],
mainly talking about the types of human relations that are not controlled by their participants and the
consequent results. This theory represents his research findings of bourgeois economics theory,
which is central to all of Marx's earlier philosophical writings and as a social phenomenon still
informs his later work.
Alienation means separation of people from things that naturally belong to them and at the same
time the natural belongings even in turn antagonize their supposed owners. It results from the
socially stratified society where workers are changed into a mechanistic part and alienated from
their humanity.
To Marx, there are ... Show more content on Helpwriting.net ...
All the four alienation forms are the result of living in a capitalist society. As well known, capitalists
own the means of production and seek to maximize benefits. They reduce workers to mechanistic
parts, not persons and pay them wages rather than the things or the value of the goods and services,
which are produced with their labor. As a result, workers are unable to determine the purpose of
their actions and directed to activities that are dictated by the capitalists, and finally lose the chance
to be an autonomous and self–realised person. Besides, capitalists also extract the maximal amount
of surplus value from workers, leading them to alienate from others. Therefore, under the capitalist
system of industrial production, alienation of workers is inevitable from aspects of their human
nature.
Since capitalism means exploitation and alienation is the systematic result of living in a capitalist
society, alienation suggests the existence of exploitation, to some extent. Capitalists exploit workers
by limiting their power to determine the purpose of their labor, paying them wages at the lowest
possible rate and even the value obtained from the workers' labor would in turn diminish the ability
of the workers to materially survive. Thus the more the workers are exploited by

Karl Marx 's Concept Of Value And Real Value
For more than one hundred years, Karl Marx's ideas has shaped the political, economical and the
ideological world by arguing against the free market system; a market in which distributes the
majority of the world's profit to corporations and businesses. Marx observed that this lead to an
unequal distribution of wealth and resources, bringing forth class struggle and the exploitation of the
working class. When I started my first job on Aeropostale at the age of 16, I never really took into
account how much of my energy and time I devoted to my work unless I got my paycheck at the
end. Needless to say, now with a basic knowledge of the role of workers and the capitalist class, the
working environment in which I worked in a few years ago and our society today makes much more
sense. Throughout professor Zarembka's lectures, the concept of value and real value was
continuously mentioned, making me think about the value of the clothing at Aeropostale. Marx
described value as something that is created by production labor and scarcity. Smith states, "The real
price of every thing, what everything really costs to the man who wants to acquire it, is the toil and
trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who
wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to
himself, and which it can impose upon other people." (Smith. 1776) In simpler terms, value is the
amount of labor

Army Surplus Store-Personal Narrative
Slam, slam, wham, Dad closed the car doors and the back loading door and dusted off his hands,
looked straight up the face of the nearly vertical ski lift to where he knew the trailhead began, then
looked at us and at the pile of stuff. "Are you guys sure you have enough supplies for a week?"
"Yes, pretty sure." "Okay, have fun, be careful and don't shoot the dog by accident." Crap! He knew
we had the guns. I thought I'd stashed them well enough that he wouldn't see them. Maybe he was
guessing, seeing if we'd self–incriminate. "Okay, we'll have fun and be careful." He gave us one last
hard look, shook his head, climbed in the car, then looked over his shoulder at us standing there with
enough stuff to start an Army Surplus Store. There ... Show more content on Helpwriting.net ...
"Worms," said Frank with a straight face. He proudly showed them a can of fat night crawlers he'd
brought just for this opportunity. Dad sat there mute, head down, averting his grin and nodded in
apparent agreement as he and Frank inadvertently expanded my education. 'All's fair in love and
war' is a dictum that's apparently true in fishing, too. Got it. ************ Setting up our bar
mitzvah–equivalent camp, I made a startling and disappointing discovery. I'd remembered to bring
the can opener, but forgotten the canned corn. "Dang!" We caught tiny cutthroat and rainbow trout,
but they were a lot of work for the meat they provided. We wouldn't be eating like the kings I'd
imagined. I had really been looking forward to showing off some of those Kamloops and repeating
Frank's cool lie. "Worms." We set up our camp in the same spot by a deep hole where Frank had
showed me how to fish for the Kamloops but, lacking the specialized bait for the big fish, we were
free to explore around the lake. We could catch the minnow trout just about anywhere. On the third
day, Monday, the blood–curdling scream of a woman in distress echoed around the basin. It was a
scream impossible to locate. We hadn't seen another person in three days and had to investigate

Marxism Isn't Dead Essay
ABSTRACT: I defend the continued viability of Marx's critique of capitalism against Ronald
Aronson's recent claim that because Marxists are 'unable to point to a social class or movement'
away from capitalism, Marxism is 'over' 'as a project of historical transformation.' First, Marx's
account of the forced extraction of surplus labor remains true. It constitutes an indictment of the
process of capital accumulation because defenses of capitalism's right to profit based on productive
contribution are weak. If generalized, the current cooperative movement, well advanced in many
nations, can displace capitalism and thus counts as the movement Aronson challenges Marxists to
point to. It will do this, I argue, by stopping capitalist ... Show more content on Helpwriting.net ...
Since Marxists are "unable to point to a social class or a movement" embodying change away from
capitalism, Ronald Aronson, still a Marxist, concludes Marxism is "over" at least "as a project of
historical transformation." (5) He opposes capitalism but seeks change in movements like feminism
and anti–racism, especially as informed by postmodernism.
Both of these proclamations of Marxism's demise focus on Marx's political strategy for moving
toward socialism. Yet Marx's enduring pertinence lies instead in his indictment of capitalism.
Capitalism is fully alive. Over the past twenty years the United States particularly merits Marx's
indictment for its aggravations of class divisions. As the rich get richer and the poor poorer, we are
all pitted against each other, millions in the third world are killed each year by humanly reproduced
poverty, environmental despoilation proceeds out of control, and handy advantages of race, gender
or nationality are used to exclude our neighbors. Thus, since capitalism isn't dead, neither is the
heart of Marxism.
I find two errors in Aronson's views: first, there are large anti–capitalist movements afoot meriting
Marxists' support. Secondly, socialists work not for Marxism, which is a theory, but for socialism,
which is a future non–capitalist state of affairs. (6) What is

Disadvantages Of Takaful Plan
2.2 Types of Takaful Plan 2.2.1 General Takaful 2.2.1.1 Products under General Takaful 2.2.1.1.1
Motor Takaful Plan The unforeseen incident such as unexpected fire, theft, and accident which
happened and caused the destruction of participant's vehicle, third party injured or death, loss of
property of third party will be covered by the motor takaful plan. Info insurance's website claims
that the money that participant contribute will assign into general takaful fund as a participative
contribution (tabarru'). In order to participate in this takaful, he or she will consent an 'aqad' which is
a form of contract. By undertake this contract, he or she is assuming agree to assist each other when
any one of the members encounter unexpected incident which ... Show more content on
Helpwriting.net ...
Participant may choose to join either one of the takaful or both takaful.
Info insurance's website claims that a certain amount of money will be devote by a person to a fund
of general takaful as the participative contribution (tabarru') if he or she want to take part in Home
Takaful Plan. In order to participate in this takaful, he or she will consent an 'aqad' which is a form
of contract. By undertake this contract, he or she is assuming agree to assist each other when any
one of the members encounters destruction of his or her house.
The surplus share in the general takaful fund will be given to participant at maturity for participant
who did not make any claim during the takaful period. The surplus sharing concept will be used in
allocation of the surplus share based on the pre–agreed ratio between takaful operator and
participant. 2.2.1.1.3.1 Types of Cover Houseowners Takaful covers Section 1 and Section 2.
Householders Takaful covers Section 2 and Section 3. Both Section 1, 2, and 3 are include in
coverage of Houseowners Takaful and Householders Takaful. Section 1: Building The occur of
unexpected incidents such as fire, explosion, damage of

The Price Discrimination Of Amazon
I. Introduction
A large online retailer, like Amazon, can price discriminate to maximise its profits. This pricing
policy is used because 'some customers will value your product or service while others will value it
less' (Smith, 2004). Price discrimination is where a firm sells the same product at different prices to
different consumers. My job, as a high powered consultant, is to analyse and discuss the possible
benefits and costs of using price discrimination in Amazon.
II. Degrees of price discrimination
Amazon can apply one three degrees of price discrimination: Perfect Price Discrimination, Non–
linear Price Discrimination or Group Price Discrimination:
Perfect Price Discrimination (or 1st degree price discrimination)
Perfect Price ... Show more content on Helpwriting.net ...
A lower per–unit price ($60) is charged if the buyer purchases a greater quantity of the tablet (in this
case 3). Just like first degree price discrimination, the seller will extract some of the consumer's
surplus and gain profits.
Group Price Discrimination (or 3rd degree price discrimination)
Amazon can use 3rd degree price discrimination to divide customers into different groups and
charge a different price to customers in different customers in different groups, but the same price to
all consumers within the group. The firm will charge groups of customers prices relative to their
demand elasticities. We can illustrate this on a graph:
Figure 3: Group pricing of The Fault in Our Stars DVD
In the US, demand for this movie on DVD is income inelastic. In order for the firm to gain revenue,
it will charge a higher price and sell a small amount of DVDs. However, in the UK, demand is
income elastic so the Amazon will sell at a lower price in order to gain the maximum revenue.
III. Benefits of price discrimination to Amazon
Amazon can benefit from lower transaction costs. In the past, many firms did not want to price
discriminate because it was time consuming, difficult and expensive to collect information about
how each customer reacts to a change in price. However, recent advances in computer technology
have pushed the transaction costs

Theoretical Perspectives On Political And Social Thought
Ooychai Yuthiwattana
25844067
AZA2719 – Theoretical Perspectives in Political and Social Thought
Assessment 1 – Individual Essay
27th May 2015
Capitalism tends to sow the seeds of its own destruction. Discuss.
Introduction:
Entering the 21st Century, these past few years we have begun to encounter and see the beginning of
world economic crises. The financial crisis of 2007–2008 and the oil crisis of 2003–2008 are just the
few of many examples that we have seen and been impacted by. These events have threatened the
collapse of large financial institutions, the stock market, and has led to current issues such as the
rising of unemployment, and the cost of living. Karl Marx explains to us that the economic crisis we
still face up until today isn't from the results of the boom and bust cycle as capitalist economics
would have people believing in, but occurs because of the wicked economic system that many
countries across the globe have adopted the policies and systematic of capitalism. Like Marx said,
"The real barrier of capitalist production is capital itself" (Marx and Engels, 1948). This academic
paper will outline the different theories and factors that allow readers to understand the reasons of
how capitalism leads to her own destruction and contribute to the rising crises we face presently
today.
Capitalism:
Capitalism is defined as an economic system in where a great number of workers who own little
produce commodities for the profit of small numbers of

Essay On Karl Marx Exploitation Theory
Karl Marx: management practices, exploitation and manipulation.
In his book (–– removed HTML ––) >, Karl Marx examined the labour process in capitalism
economic and explained how capitalists exploit the labouring classes by appropriating the surplus
value produced by labour, which is the value or output in excess of the value of their wages. The
concept of the exploitation theory applies to the labour process in all class–divided societies, not
only capitalism [Buchanan, 1979]. Workers are either forced to work by their feudal lord under
feudalism or by their lack of ownership of the means of production under capitalism. Marx's
exploitation theory implies there is always exploitation as long as there is profit. Since Marx
developed his exploitation theory hundreds years ago, ... Show more content on Helpwriting.net ...
Firstly the capitalists expect a fair profit on the risk of capital investment, otherwise capitalists won't
invest. Therefore workers won't have job. Secondly the add–value from the management practices
should not be taken for granted. Marx also did not foresee the evolution of capitalism and the role
for the governments. Capitalism has to promote mandatory humanity and working conditions
required by the government regulators and pressure of the society. Capitalists cannot force workers
to work for long hours any more. And in the free labour market, they also have to pay workers the
market price for the work they do; otherwise the workers would go to other places. Capitalists
cannot exploit workers like the way they did hundreds years ago. Many organizations (capitalists)
turn to management practices to improve efficiency and productivity, so they can reduce the cost of
production and in return increase the profit. Are management practices and exploitation or
manipulation? In order to answer this question, firstly we need to understand the definition of
management; secondly we examine one management practice in the

Army Surplus Store: A Short Story
"Yes, pretty sure." "Okay, have fun, be careful and don't shoot the dog by accident." Crap! He knows
we have the guns. I thought I'd stashed them well enough he wouldn't see them. Maybe he's
guessing, seeing if we'll self incriminate. "Okay, we'll have fun and be careful." He gives us one last
hard look, shakes his head, climbs in the car then looks over his shoulder at us standing there with
enough stuff to start an Army Surplus Store. One more Slam! as he shuts the door and starts the car.
"See you here in a week," he says driving off, waving from the open window. "Bye," we mumble in
unison. Gulp. As the car disappears into a dust storm of its own creation the world seems to be
expanding, getting larger, the mountain higher and the ... Show more content on Helpwriting.net ...
Once it's opened he looks around suspiciously, then throws handfuls of the corn in the lake. Taking
off his crumpled cowboy hat, Frank sits down on a log. "Now all we gotta do is wait a bit; them
Kamloops love canned corn. After they git used to it all we gotta do is bait hooks with corn and
they'll suck um right up." He's right. We eat like kings and store the big, impressively fat fish we
don't eat in a snow drift that has survived the early summer heat in the shade of a fallen tree. These
early summer days are still relatively cool at this

Lefkowitz V. Great Minneapolis Surplus Stores
In our daily life, we are actually entered into contracts without knowledge. In simple words, contract
is a bargain; in which both parties are expect to get benefits with consensus ad idem in a legal
relation. An offer is a necessary element that must be present for a legally binding contract to take
place. An offer is a clear statement of the terms by which the person making the offer is prepared to
be bound. An offer may be conditional. At the same time an offer conveys to the other party in an
invitation to accept and confers on that party the power to bind both parties in contract. A person
who makes an offer submits, in a sense, to the will of the other party because it is the latter who
decides whether or not to bring a contract ... Show more content on Helpwriting.net ...
The position is confused in relation to contracts of carriage and contracts for the sale of land.
Automatic vending machines apparently make a mute offer that is accepted by the purchaser
inserting money or otherwise activating the machine. Similarly, at automatic car parks the offer is
made by the presence of the machine, which offer is accepted by the customer driving the car to the
entrance so as to activate the machine that issues the ticket. Other 'ticket' cases involve an offer by
the customer that is accepted by the issue of a ticket, which itself contains no contractual terms
(cinema or concert) or does contain writing but such writing is not incorporated into the contract; or
the ticket itself is the offer that is accepted by the customer taking it without objecting to any of the
terms contained in it. It has been held that an invoice may amount to an offer that is accepted by the
sending of a cheque. These various situations usually raise the question whether displayed or printed
terms are part of a contract. So long as they are available for inspection by the customer before the
contract is made, they are part of the

What Is Market Failure?
What is market failure? (3 Marks)
"Market failure occurs when resources are not allocated efficiently – in other words total economic
surplus is not being maximised" (Reference 1). Market failure is when the market is not working at
equilibrium which is also known as total surplus or market efficiency. Market failure can happen
when the Government impose a tax, price ceiling, price floor or a quota, this then causes price the
rise of fall, which means total surplus will not be reached. The diagram attached shows a tax
imposed on the banana market. This has caused prises to rise, and demand to fall. It has also caused
a deadweight loss. A deadweight loss is an avoidable loss bared by both the consumer and producer,
that reduces the total surplus. This means that the market is not producing at equilibrium, therefore it
has caused market failure. In this case the 50c tax has caused the decrease in consumer and proud er
surplus to be the same but in most cases it will be swayed one way. The tax is 50c but the price has
only increased 25c, this means that the profit has decreased 25c per item as well. Another way the
market can fail is when a firm or multiple firms have to much power in the market place. This is
called a monopoly market or oligopoly if there are multiple firms. This causes market failure
because it allows the firms to be price makers instead of price takers. This is because the consumers
have no other option.
Discovering Economics 3rd Edition | Greg

Exploitation And Societal Reorganization Of Karl Marx And...
Sabrina Gibson
Honors Mosaics II
Professor Smetona
09 November 2015
Exploitation and Societal Reorganization
Karl Marx and Mary Wollstonecraft are both philosophers who have observed the relationships
between ruling and ruled classes of people. In Marx's text Capital he discusses how there must exist
a bourgeois class that exploits a class of proletarians in order for capitalism to exist. Mary
Wollstonecraft in her work A Vindication of the Rights of Woman argues that a patriarchal society in
which women are forced to depend on men for every aspect of their lives is exploitation and
detrimental to everyone involved. A concept that is shared between these two works is that a society
that depends on the domination and exploitation of a class will naturally reorganize into a society
that has a balance between classes.
The exploitation of workers by capitalists is necessary for a capitalist society to exist properly.
When viewing the relations between members of a capitalist society as individuals, it can seem that
capitalism is based on freedom and equality. The proletariat class, or those who do not own any
means of production, sell their labor power to the bourgeoisie, or capitalists. The proletariats are free
to sell their labor power to whichever industry they choose, and will be compensated fairly for their
work in the form of wages. This concept of labor–power is an integral part of Marx's argument
about capitalism. He explains that labor power is "the mental and

The Natural And Physical Inequality
Unavoidably, every person enters the world with a unique set of talents, dispositions and attributes
which lead him or her to perform better or worse than another person in certain realms. Rousseau
calls this natural or physical inequality: one may be stronger, quicker or smarter than another, and as
such able to complete more tasks than another. Rousseau argues that none of this matters in the state
of nature because, similar to animals, mankind concerns itself with self–preservation. Family bonds,
or any other sort of organization of a group of people, do not exist in this state. The complete self–
sufficiency of each person means nobody needs to exercise control or domination of any sort over
any other person to survive or enjoy a more luxurious lifestyle. "I see him satisfying his hunger
under an oak tree, quenching his thirst at the first stream, finding his bed at the foot of the same tree
that supplied his meal; and thus all his needs are satisfied" (Rousseau 47). Perhaps one more adept
at finding food, whether by speed or size, will more easily satisfy his hunger and have more time to
rest at the foot of the tree or to enjoy relations with those passing by. While this does provide an
advantage, every person effectively lives the same sort of life, free of dominion of any sort.
Similarly, Smith writes that talents of men differ on the basis of the realm they most naturally aspire
to. While one man may inevitably be stronger than a second, the same second may

Essay on Capitalism: Karl Marx vs Adam Smith
Marx v. Smith on Capitalism
Capitalism, according to the Encyclopaedia Britannica, is "the means in which production are
privately owned and production is guided and income is disputed largely through the operation of
markets". Capitalism saw the emergence after the feudal system of Western Europe can do a halt.
Many economists, even today, dispute the simple beginnings of capitalism. Some theories range
from religious reasons, such as the rise of Protestant Reformation in the 1500s, to the enclosure
movement in England. How capitalism differs from the feudal system that preceded it is fairly
simple. Prior to capitalism the title in economic system at the time consisted of kings, lords and
serfs. An example country would be ruled ... Show more content on Helpwriting.net ...
At an almost fundamental level Adam Smith believes that it is the power of the individual to
determine his own success whereas Karl Marx would argue that it is those who were already
wealthy to begin with that were able to make money and a capitalist system because they originally
acquired capital. The overall theme for Adam Smith was that capitalism benefited everyone that was
involved. His invisible hand idea meant that goods and services were automatically allocated to
those who needed them most and us was efficient enough to run on its own. Karl Marx did not see it
this way. He saw the ability of the capitalist to exploit his own workers for profit and for him
everyone did not benefit because there were winners and losers. It is wiser to say that Karl Marx had
a more developed view of capitalism than Adam Smith. He had the ability to see the progression of
capitalism passed Adam Smith. On top of that, his work is much more developed as it takes into
account theories that compete with his own. Adam Smith comes off in a mere philosophical way
describing capitalism from the ivory tower that he sat in.
In Karl Marx's epic capital volume 1 he begins to discuss how he think capitalism originally arose.
Chapter 26 titled the

The National School Lunch Program
The most essential part to the future success of America is the children of America, and their
education level. According to the National Center for Children in Poverty, "about fifteen million
children in the united states, twenty–one percent of all children, live in families below the federal
poverty threshold," (www.nccp.org). Majority of these children will go to school hungry, which will
affect their performance in school. The National School Lunch Program provides lunch to help feed
them and keep them focus during the day. This program also benefits farmers and the economy by
raising the quantity needed to be supplied to keep up with the demand of the schools. Many children
who live under the poverty line rely on their school to ... Show more content on Helpwriting.net ...
The schools must also meet the federal nutrition requirement to serve food, to provide students with
a healthy diet. Even though schools must meet the national requirement they also have some leeway,
"federal meal requirements, decision about what specific foods to serve and how they are prepared
are made by local school food authorities" (www.fns.usda.org).
This allows students to have a variety of different meals each day. Over the years there has been an
increase in the school lunch program. In 2014, "The National School Lunch Program provided low–
cost or free lunches to over 30.3 million children daily at a cost of nearly $12.6 billion,"
(ers.usda.gov). Because of the popularity of the National School Lunch Program, the government
expanded its meals to breakfast and after school snacks. The same children who meet the
requirement to participate in the National School Lunch Program can now come to school early and
get breakfast. Also if they participate in after school activities, the school also provides healthy
snack options. There has been a growing support for the National School Lunch
Program because it provides kids with healthy food options. With the growing obesity problem in
the United States, the National School Program helps children get into a healthy eating habit.
The popularity continues to rise for the National School lunch program because not only does it help
children it also helps

The Sociological Analysis Of Django Unchained By Quentin...
Django Unchained is a movie by Quentin Tarantino that goes into the life of a frees slave named
Django. Django with the help of a bounty hunter Dr. Schultz, set out to rescue Django's wife from a
brutal plantation owner she has been sold to. Django Unchained includes plenty of Karl Marx's
concepts of sociological theory including capital, labor exploitation, class struggle, materialistic
ideology, accumulation and Emile Durkheim's concept of crime.
KARL MARX CAPITAL Capital is instruments of labor which includes slaves under Karl Marx's
definition. Capital can be historically specific instead of just being materials. For example, a black
person is a black person until someone makes him a slave in certain conditions. In Django
Unchained, Django and his wife among many other slaves in the movie were made into slaves by
the people that took them from their homes in Africa and brought them to America. They would not
be slaves if these certain conditions had not happened but since they did, they became instruments
of labor and capital for their owners to sell and use as they saw fit. Many slaves in the movie were
nothing more than exchange value. "Exchange– value, at first sight, presents itself as a quantitative
relation, as the proportion in which values in use of one sort are exchanged for those of another sort"
(Edles and Appelrouth 2015:76). In the movie Django's wife was to be sold to him and Dr. Schultz
for $12,000 because that was what Mr. Candie believed her to be

Rent Control : A Market Model
Question: In some cities around the world (e.g. Berlin, New York, and Stockholm) rent control is
used to ensure housing is affordable. Using the market model, conduct an economic analysis of rent
control and use the analysis as a basis for providing recommendations regarding its introduction in
London.
Rent control is a price control that limits the amount a property owner can charge for renting out a
unit of accommodation. Rent control acts as a price ceiling by preventing rents either from being
charged above a certain level or from increasing at a rate higher than a predetermined percentage.
Some economist's interpret rent control to be a market distortion that discourages the construction of
new housing as the return for the landlord is reduced, this means that the issue rent control aims to
solve (affordable, available housing) is not met. Others believe rent control prevents landowners
from rapidly rising prices and exploiting the demand for what is an essential good (accommodation).
This essay will analyse from an economic perspective using the market model whether or not
introducing rent control in London would be of an economic benefit.
"Fig. 1" shows the impact of rent control in the short term. Left to the free market, the equilibrium
would be where the price per rental unit is "P*" and the quantity of rental units would be "Q*". Left
to the free market the consumer and producer surpluses would be "ABG" and "BFGI" (respectively).
Under these free

Sporting Goods, The Home Of The Sporting Good Items
Dicks Sporting goods, the home of the sporting good items in the Pittsburgh area. As I say that about
Pittsburgh, from Cincinnati to here, there is a million more in this are than any other because it is
also the head quarters for the company located in Coraopolis. Dicks is a sporting good retailor,
holding a broad range of sporting good equipment, apparel and footwear. In the financial year 2015
the company recorded revenues of $6,814.5 million. This is a 9.7% increase since the 2014 year.
The company follows an approach of store within a store. This will enable the advantages of a large
store as well as that of a specialty store all in one. The story behind dicks is far more than
interesting. According to the background, Dicks dream was ... Show more content on
Helpwriting.net ...
They want it to be a one stop for all store, that they can reach everyone's needs.
When you look at DSG you would assume it has an overall high quality macro environment, low
environmental threats and high strength with low weakness. When you look at DSG as a whole, you
would assume things are always good. Gross domestic product growth dipped this winter, with how
short and warm it was they were struggling to sell the leading winter athletic gear such as
snowboards, snow boats, and winter coats. With this dip it leads them to give less hours to the part
time employees, which then came at a lost to the company when the part time employees left for a
company that could provide hours for them. In return with spring and summer coming around it lead
to a moderate growth climbing back up to the target growth back to 2.76%. With slowly increasing
rates on interest, will allow them to remain in check for the hopefully next two years. Employment
for DSG could be at a better rate. Currently they have about 37,600 employed, out of that 25,600 are
part–time employees. After speaking with a few employees, they aren't happy that they can't gain
full time status unless they are apart of management. Even the floor leads once they hit near 40
hours are sent home until the clock starts over. In my eyes, they are doing

Marx 's Theory Of Socialism
Karl Marx was a philosopher, economist, sociologist, journalist and revolutionary socialist. Marx
defined capital as a social, economic relation between people. In many of his writings, Marx had
implied that revolutions within the proletarian society would be inevitable and the proletariat would
become the ruling class all over the world (Kreis, S 2000) Marx proposed this theory of revolution
based on Hegelian concepts of the dialectic. The philosophical and ideological aims put forward
were to bring about his version of socialism, known as communism. During the winter of 1857
Marx produced an outline of his critique of the political economy in an unfinished manuscript called
The Grundrisse (Fowkes, B 1997). Marx believed that deficiencies in the economy and social
injustices inherent to capitalism would ultimately lead to the breakdown of capitalist societies. He
predicted that this breakdown of the capitalist societies would ultimately give rise to communism.
For Marx, identifying the fundamental contradictions of the capitalist system of production was the
first step in hastening the downfall of what he saw as an unstable, unfair social system.
Marx referred to the relationship between the bourgeoisie and the proletariat to one of inevitable
conflict, in that the proletariat is systematically exploited under capitalism. Marx believed that
labour is the only real source of wealth. Capital itself; "land factories, ports, railroads, etc.;
represents simply stored labour,

The Importance Of A Utopian Society

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