The perfect economy doesn't seem like that hard of a subject to talk about. When we were first introduced to the topic of the paper at the first of the semester I thought it would be fairly easy. But as the semester rolled on we went farther and farther into the study of economics and the less confident I felt about this paper. The first topic we discussed is whether or not we thought eastern Kentucky was poor. We talked about how much the dollar was actually worth here compared to other states. Some of the other topics also introduced were welfare and high school dropout rates. Once we were introduced to some of the ideas that the teacher had, I realized more and more the depth of thinking required of this class. He talked about how there were no universities south east of the interstates and about how the average income of a person in hazard went from around thirty-five thousand dollars to currently around twenty-six thousand dollars. On the second debate we discussed whether or not the government should own all land so that they could guarantee all citizens jobs. In the perfect economy the government should have control over some of the jobs but not all of them because it would be communistic. It would be a good idea if the government had the ability to guarantee everyone a job. In the debate we discussed whether or not the government would provide jobs for the disabled too. We concluded that the government should just focus on getting people jobs instead of owning all the land that the jobs create. The third debate went a little farther into the idea of government owning certain things. The teacher introduced us to the fact that the government gives each person that lives in Alaska a check each year for the amount of oil that the government takes out of the land. We discussed whether or not it would be a good idea for the government to own all the coal mines and just send each citizen a check for the amount of coal the government would send
REFLECTION PAPER ON PLATO’S REPUBLIC
In the republic, Plato tried to imagine and make a most perfect just society. He argues that wisdom, which is based on truth, judgment, and reasons of a person, would make a just person and a just society, which would bring peace to the world. In his ideal society he believed that people would live harmoniously and there would no be violence. He divided the population of the society into three divisions or levels – the producers with bronze sash….
Managerial Functions: Planning, Organizing, Leading, And Controlling
Case Study: Procter & Gamble
Procter & Gamble (P&G) is America’s leading manufacturer of household products (Degen, 2012). It was instituted by William Procter, an Irish candle manufacturer, who launched Procter & Gamble’s operations in 1837 in Cincinnati, Ohio. The general emphasis of the firm is innovation in product development. It is the first manufacture to conduct direct sales in 1919 and is currently….
Perfect practice makes perfect
You and I have heard the expression all our lives "practice makes perfect" and practicing something whether it be the trumpet, a sales skill, a surgical or medical assistant skill or even CPR (cardiopulmonary resuscitation) is no different.
However, if we take that time tested truth and polish it up like a brass lamp to update it a few generations to now in the present, can we modify it to say "perfect practice makes perfect opportunity " ? With the advent of….
Perfect competition- Is it possible?
To claim that something is "perfect" is to say that it cannot be done better. In business and economy it is very common to think that the best possible allocation of society's resources occurs when "perfect competition" characterizes the organization of industry.
It is a well worked out theory that has been around for over a century. The concept of competition is used in two ways in economics: competition as a process is a rivalry among firms; competition….
In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets. Still, buyers and sellers in some auction-type markets, say for commodities or some financial assets, may approximate the concept. Perfect competition serves as a benchmark against which to measure….
A Case Study In Perfect Competition: The U.S. Bicycle Industry
Submitted by Jay on Sun, 2006-07-16 22:27.
I had an epiphany, as in a sudden insight into reality, in May at a meeting where a long time friend in the industry offered the opinion that the U.S. bicycle industry is in a classic state of perfect competition. My immediate response was "...that sounds like a good thing!" My friend, who went back to graduate school after working in a bike shop, for a major component manufacturer and prominent….
Book 'The Perfect Storm: A True Story of Men Against the Sea'
Author Sebastian Junger
Country United States
Subject Andrea Gail, 1991 Perfect Storm, shipwrecks
Genre Creative nonfiction
Publisher W. W. Norton & Company
Publication date May 17, 1997
Media type dvd and cd
Pages xii, 227
ISBN ISBN 0-393-04016-X
OCLC Number 35397863
Dewey Decimal 974.4/5
LC Classification QC945 .J66 1997
The Perfect Storm is a creative nonfiction book written by Sebastian….
Meat Industry can be deemed as “Perfect Competition (PC)” as it fulfills the following mentioned assumptions:
1. There are many producers in the economy as mentioned in the question.
2. Each individual firm in the market is a Price Taker- the firms cannot control the price of chicken being sold in the market instead they have to simply accept the designated going market rate as the price of their product. This happens due to two major characteristics of Perfect Competition:
a. As there….
Which of the following is the best example of a normative economic statement?
a. The unemployment rate for women has been two times lower the overall rate.
b. Increase in competition in the car manufacturing industry will result in price reduction for cars.
c. Monopoly makes a decision based on market prices.
d. A stronger regulation should be applied to polluting companies.
The correct answer is: A stronger regulation should be applied to polluting companies..
theme of the present paper is “The Present Perfect”.
The main goal of the work is to identify the main features of the Present Perfect and to present the cases of its use, basing on the theoretical and scientific works of Russian, English linguists.
The objectives of the work, in their turn, represent ascending steps to the main goal of the project:
1. to give the definition to the present perfect;
2. to present the ways of formation of the present perfect tense;
3. to investigate cases of its….