Howto write an essay
Featured Post
United Arab Emirates History and Independence
Joined Arab Emirates History and Independence Before its re-creation as the United Arab Emirates in 1971, the UAE was known as the Trucia...
Friday, August 28, 2020
United Arab Emirates History and Independence
Joined Arab Emirates History and Independence Before its re-creation as the United Arab Emirates in 1971, the UAE was known as the Trucial States, an assortment of sheikhdoms reaching out from the Straits of Hormuz toward the west along the Persian Gulf. It wasnââ¬â¢t a nation to such an extent as a span of inexactly characterized sheikhdoms spreading over approximately 32,000 square miles (83,000 sq. km), about the size of the province of Maine. Prior to the Emirates For quite a long time the area was buried in contentions between nearby emirs ashore while privateers scoured the oceans and utilized the statesââ¬â¢ shores as their shelter. England started assaulting privateers to secure its exchange with India. That prompted British binds with the Trucial Statesââ¬â¢ emirs. The ties were formalized in 1820 as Britain offered security in return for selectiveness: the emirs, tolerating a ceasefire expedited by Britain, promised not to surrender any land to ââ¬â¹any powers or make any arrangements with anybody aside from Britain. They additionally consented to settle resulting questions through British specialists. The compliant relationship was to most recent a century and a half, until 1971.ââ¬â¹Ã¢â¬â¹Ã¢â¬â¹ England Gives Up By at that point, Britainââ¬â¢s supreme overextend was depleted strategically and bankrupt monetarily. England chose in 1971 to surrender Bahrain, Qatar, and the Trucial States, by then comprised of seven emirates. Britainââ¬â¢s unique point was to consolidate each of the nine elements into an assembled alliance. Bahrain and Qatar shied away, leaning toward freedom all alone. With one exemption, the Emirates consented to the joint endeavor, dangerous as it appeared: the Arab world had, up to that point, never known a fruitful league of divergent pieces, not to mention quibble inclined emirs with inner selves enough to improve the sandy scene. Autonomy: December 2, 1971 The six emirates that consented to participate in the organization were Abu Dhabi, Dubai, Ajman, Al Fujayrah, Sharjah, and Quwayn. On Dec. 2, 1971, the six emirates announced their freedom from Britain and considered themselves the United Arab Emirates. (Ras al Khaymah at first quit, yet in the end joined the organization in February 1972). Sheik Zaid ben Sultan, Emir of Abu Dhabi, the most extravagant of the seven emirates, was the unionââ¬â¢s first president, trailed by Sheik Rashid ben Saeed of Dubai, the second-most extravagant emirate. Abu Dhabi and Dubai have oil holds. The rest of the emirates don't. The association marked a bargain of kinship with Britain and pronounced itself part of the Arab Nation. It was in no way, shape or form fair, and contentions among the Emirates didnââ¬â¢t stop. The association was administered by a 15-part chamber, along these lines decreased to seven-one seat for each of the appointed emirs. A large portion of the 40-seat authoritative Federal National Council is delegated by the seven emirs; 20 individuals are chosen for 2-year terms by 6,689 Emiratis, including 1,189 ladies, who are totally designated by seven emirs. There are no free races or ideological groups in the Emirates. Iranââ¬â¢s Power Play Two days before the emirates proclaimed their freedom, Iranian soldiers arrived on Abu Musa Island in the Persian Gulf and the two Tunb islands that rule the Straits of Hormuz at the passage to the Persian Gulf. Those islands had a place with Rais el Khaima Emirate. The Shah of Iran fought that Britain had unfairly conceded the islands to the Emirates 150 years prior. He was retaking them, he claimed, to take care of oil big haulers going through the Straits. The Shahââ¬â¢s thinking was more practicality than rationale: the emirates had no real way to jeopardize oil shipments, however Iran particularly did. England's Enduring Complicity in Complications The Iranian troop landing, nonetheless, was masterminded with Sheik Khaled al Kassemu of the Sharja Emirate in return for $3.6 million more than nine years and Iranââ¬â¢s vow that if oil were found on the Island, Iran and Sharja would part the returns. The course of action cost Sharjas ruler his life: Shaikh Khalid ibn Muhammad was gunned down in an upset endeavor. England itself was complicit in the occupation as it unequivocally consented to let Iranian soldiers assume control over the Island one day before freedom. By timing the occupation on Britainââ¬â¢s watch, Britain was wanting to assuage the emirates of the weight of a global emergency. Be that as it may, the argument about the islands hung over relations among Iran and the Emirates for quite a long time. Iran despite everything controls the islands.
Saturday, August 22, 2020
Coca Colas Marketing Strategy Case Study Example | Topics and Well Written Essays - 3500 words
Coca Colas Marketing Strategy - Case Study Example The Coca Cola Company is one of the worldââ¬â¢s pioneers in delicate dink deals. It creates and circulates a few brands of drink universally. The organization additionally makes and disperses many natural product juices and other non soft drink refreshments. It is situated in Atlanta, Georgia. Coca-Colaââ¬â¢s sodas incorporate its lead item Coca-Cola, prominently known as Coke, Diet Coke, Tab, Sprite, Fanta, Fresca, the Mello Yello, and Barqââ¬â¢s root brew. The companyââ¬â¢s nonsoda refreshments incorporate Minute Maid natural product juices, PowerAde sports beverages, and Nestea frosted tea drinks. (Microsoft Encarta, 2006)à Invented by a drug specialist named John Stith Pemberton in 1886 and was the later purchased by Asa Candler in 1889 who fused the Coca Cola Company in 1892. Coca Cola as of now offers almost 400 brands in more than many nations and regions everywhere throughout the world. As indicated by the 2005 Annual Report of the organization, it sells drink it em in excess of 312 nations. It further expresses that of the in excess of 90 billion drink servings of various types devoured overall regular and that around 4.5 billion of refreshments possessed and authorized to the organization. Likewise, as per the 2007 Annual Report, Coca Cola had gallon deals of 37% in the United States, 43% in Mexico, Brazil, Japan and china and 20% spread all through the world. (Wikipedia, 2008)à Like some other organizations, Coca Cola has likewise been associated with various discussions, issues and lawsuits.... All through the paper, COCA COLA Company is utilized as the principle center and object of conversation. The organization's advertising methodologies and strategies will be inspected and broke down and will be use as models and references. The paper expects to address addresses, for example, how do Coca Cola's advertising methodologies and procedures add to its development and achievement What is the effect of showcasing systems in an association on the 21st century and in future years 2.0 Coca Cola's Marketing Strategy: A Case Analysis 2.1 Company Background The Coca Cola Company is one of the world's chiefs in delicate dink deals. It creates and disseminates a few brands of refreshment universally. The organization additionally produces and circulates many natural product juices and other non soft drink refreshments. It is situated in Atlanta, Georgia. Coca-Cola'ssoftdrinks incorporate its lead item Coca-Cola, famously known as Coke, Diet Coke, Tab, Sprite, Fanta, Fresca, Mello Yello, and Barq's root lager. The organization's nonsoda refreshments incorporate Minute Maid natural product juices, PowerAde sports beverages, and Nestea frosted tea drinks. (Microsoft Encarta, 2006) Concocted by a drug specialist named John Stith Pemberton in 1886 and was later purchased by Asa Candler in 1889 who joined the Coca Cola Company in 1892. Coca Cola as of now offers about 400 brands in more than many nations and regions everywhere throughout the world. As indicated by the 2005 Annual Report of the organization, it sells drink item in excess of 312 nations. It further expresses that of the in excess of 90 billion drink servings of various kinds expended overall ordinary and that around 4.5 billion of refreshments possessed and authorized to the
Friday, August 21, 2020
The Primitive Nature of Man Revealed in Lord of the Flies :: Lord Flies Essays
The Primitive Nature of Man Revealed in Lord of the Flies à à â â A running subject in Lord of the Flies is that man is savage on a fundamental level, in every case eventually returning to a malevolent and crude nature. The pattern of man's ascent to power, or honorableness, and his inescapable go wrong is a significant point that book demonstrates over and over, regularly contrasting man and characters from the Bible to give an increasingly striking image of his drop. Master Of The Flies represents this fall in various habits, going from the delineation of the attitude of genuine crude man to the impressions of a degenerate sailor in limbo. à The epic is the narrative of a gathering of young men of various foundations who are marooned on an obscure island when their plane accidents. As the young men attempt to sort out and detail an arrangement to get saved, they start to isolate and because of the dispute a band of savage inborn trackers is shaped. In the end the abandoned young men in Lord of the Flies for the most part shake off edified conduct: (Riley 1: 119). At the point when the disarray at last prompts a manhunt [for Ralph], the peruser understands that in spite of the solid feeling of British character and class that has been ingrained in the adolescent for the duration of their lives, the young men have retreated and demonstrated the basic savage side existent in all people. Golding detects that foundations and request forced from without are brief, yet man's nonsensicalness and desire for devastation are suffering (Riley 1: 119). à The tale shows the peruser that it is so natural to return to the detestable nature characteristic in man. In the event that a gathering of very much adapted school young men can at last end up submitting different outrageous tragedies, one can envision what grown-ups, pioneers of society, can do under the weights of attempting to keep up world relations. Ruler of the Flies' misgiving of abhorrence is with the end goal that it contacts the nerve of contemporary loathsomeness as no English epic of its time has done; it takes us, through imagery, into a universe of dynamic, multiplying malicious which is seen, one feels, as the normal state of man and which will undoubtedly help the peruser to remember the most wretched indications of Nazi relapse (Riley 1: 120). à In the novel, Simon is a tranquil fellow who attempts to show the young men that there is no beast on the island aside from the feelings of trepidation that the young men have.
Tuesday, May 26, 2020
Cause or Effect Essay Topics at a Glance
Cause or Effect Essay Topics at a Glance So, your very last aim is to connect the reason and effect in their eyes. There's always a reason behind every occasion. The third source of bullying is inadequate comprehension and lack empathy. Another challenge is a result. The explanations for why folks exercise and the psychological results. The capacity to make an intriguing cause and effect essay is a must, given that much of the info is quite factual. Take your time to cautiously examine our cause and effect topics list till you locate a prompt that you're excited to write about. There are many regions to explore while looking for suitable cause and effect topics. 1 school of thought believes that children who aren't occupied are more inclined to get into trouble. Therefore, parents need to be more attentive to their children, encourage direct communication, and look out for indicators of problems their youngster may be demonstrating in order to stop the situation from becoming worse. For instance, a student will have to answer a prompt requiring them explain what precisely happens to a youngster's health that starts smoking cigarettes. He is to focus on one part of the problem either talking about the reasons or the consequences. You won 't need to be worried about anything and are going to be able to focus on your own personal matters or other assignments! Well, here you'll locate various items for each college student. When you get your assignments, while it is for college, university or higher school, be sure you read the directions to recognize the requirements thoroughly. This kind of assignment is a bit more different from many other college tasks and has multiple requirements, which might significantly complicate the practice. Students lead busy lives and frequently forget about an approaching deadline. Cause and effect essays are a few of the most typical pieces, students will have to write. Don't be afraid to get in touch with our Essay Writing Service and skilled essay writers will gladly aid you with your assignment. Don't forget that each and every statement you make in your essay has to be proved. Main essence You could always compose an enjoyable and intriguing essay. The group of qualified essay writers is always prepared to assist you with that in no moment! Try to remember that a superior essay isn't to drop the feeling of proportion, you can't simply allow convoluted conditions of any type of ideas and you maynot mix metaphors. The Death of Cause or Effect Essay Topics Making logical conclusions is highly connected with high analytical skills on the area of the student. You can select any order you enjoy, but be sure your logic is understandable and clear. Once you are finished with the major section, you have to work on the conclusion. The classification essay format needs a framework, too. The History of Cause or Effect Essay Topics Refuted In most instances, the info you already have won't be sufficient to compose a detailed, captivating paper, that's why you'll be asked to perf orm research to acquire as much additional information as you are able to. Make certain that you have enough details which you may use as an effective evidence. Causes are introduced as argumentative topics which introduce the main topics of contemporary society in a succinct presentation where creativity is crucial. It is important to note that if deciding on a topic on history and world events, you want to make certain that there's enough info on it. Now you may be thinking about how to compose a classification essay outline. Great essay topics could be found online, but the majority of them are pretty old and not intriguing. After you've completed all your research and outline, the very first draft should be comparatively simple to write. Moreover, now you are in possession of a brilliant classification essay topic, and you are able to dive right into the practice of essay writing. Let's begin with the primary principles that are critical for classification essay writing, so it's possible to earn a conscious selection of topic in line with the categories you wish to cover. Every time a student works on another body paragraph, it's advisable to mention the most important section's idea on the distinct paper to compose a conclusion faster. He is to go through a lot of information to highlight the main arguments for his paper. The Debate Over Cause or Effect Essay Topics If you're searching for inspiration for your subject, you can come across ideas from the next list. You can select from 100 distinct ideas so you'll find surely find at least one that is appropriate for you. Each thought has to be combined to attain harmony. Your teacher will be pleased with your selection.
Friday, May 15, 2020
A Kindergarten Lesson Plan for Teaching Non-Standard Measurement
Class: Kindergarten Duration: One class period Key Vocabulary:à measure, length Objectives:à Students will use a non-standard measure (paper clips) to measure the length of several objects. Standards Met 1.MD.2. Express the length of an object as a whole number of length units, by laying multiple copies of a shorter object (the length unit end to end); understand that the length measurement of an object is the number of same-size length units that span it with no gaps or overlaps. Limit to contexts where the object being measured is spanned by a whole number of length units with no gaps or overlaps.ââ¬â¹Ã¢â¬â¹Ã¢â¬â¹ Lesson Introduction Pose this question to students: I want to draw a big picture on this piece of paper. How can I figure out how big this piece of paper is? As students give you ideas, you can write them down on the board to possibly connect their ideas to the lesson of the day. If they are way off in their answers, you can guide them closer by saying things such as, Well, how does your family or the doctor figure out how big you are? Materials One inch paper clipsIndex cardsPieces of 8.5x11 paper for each studentPencilsTransparencyOverhead machine Step-By-Step Procedure Using the transparency, the index cards, and the paper clips, show students how to work end to end to find the length of an object. Place one paper clip next to another, and continue until you have measured the length of the card. Ask students to count out loud with you to find the number of paper clips that represents the length of the index card.Have a volunteer come up to the overhead machine and measure the width of the index card in paper clips. Have the class count out loud again to find the answer.If students donââ¬â¢t have paper clips already, pass them out. Also, pass out one sheet of paper to each student. In pairs or small groups, have them line up the paper clips so that they can measure the length of the piece of paper.Using the overhead and a piece of paper, have a volunteer show what they did to measure the length of the paper in paper clips and have the class count out loud again.Have the students try to measure the width of the paper on their own. Ask students wha t their answers are, and model for them again using the transparency if they arent able to come up with an answer that is close to eight paper clips.Have students list 10 objects in the classroom that they can measure with a partner. Write them on the board, students copy them down.In pairs, students should measure those objects.Compare answers as a class. Some students will be way off in their answerââ¬ârecheck those as a class and review the end-to-end process of measuring with the paperclips. Homework and Assessment Students can take a small baggie of paperclips home and measure something at home. Or, they can draw a picture of themselves and measure their body in paper clips. Evaluation As students are working independently or in groups, measuring the classroom objects, walk around and see who is needing help with the non-standard measures. After they have had repeated experiences with measurement, choose five random objects in the classroom and have them measure those in small groups so that you can assess their understanding of the concept.
Wednesday, May 6, 2020
What Is Drug Abuse Warning Network - 845 Words
Drug Abuse Warning Network (DAWN) is a health surveillance program targeting patients from medical examiners, those in hospitals. The program also utilizes samples obtained from the victims who have died and taken to the mortuaries (Maxfield Babbie, 2017). The information, in form of data, is gathered from individuals who report to the hospitals due to drug ingestions or those who have been injured or killed, in which drug intoxication was a contributor. The study population was 380,000 episodes of drug abuse that was gathered from sampling frame of patients from 242 hospitals which were sampled from 66 metropolitan areas. Collectively, the participating hospitals surrender information to the Drug Abuse Warning Network for analysis.â⬠¦show more contentâ⬠¦Correspondingly, victimization surveys utilize specialized software, which not only expands use of this surveying technique but improve quality for analyzing local crime. Self-reporting crimes are the best survey for measuri ng crime that does not have recognized victims. Similarly, self-reporting surveys is significant for providing data regarding discrete crimes such as shoplifting, which can also be associated with drugs abuse. According to Maxfield Babbie (2017), local surveys are advantageous and efficient in that they can be conducted by the local government, community organizations, police department and other researchers. Besides, local crime surveys constitute valuable tool for citizens, public officials and many communities. UCR, SHR, NCVS provide the best counts for crime or murder cases especially if the victim was doing business or had commercial establishment. Information from NCVS, an acknowledged national survey, is highly reliable because it contains information regarding assaults as well as the information that has not been reported to the police (Maxfield Babbie, 2017). According to (Maxfield Babbie (2017), While NCVS survey is reliable for providing data regarding assaults and unreported cases, it is not useful in estimating victimization cases in states and citiesShow MoreRelatedTeen Suicide Essays1064 Words à |à 5 Pages Each year, thousands of children are dying, not from cancer, getting shot, or car accidents, but by their own hands. They make the choice to take their lives; they commit suicide. To begin, what is ââ¬Å"Suicideâ⬠? According to the Merriam Webster Dictionary, suicide is the act or instance of taking oneââ¬â¢s own life voluntarily and intentionally. The number of teenagers who take their lives is rapidly increasing each year. Teen suicide is escalating out of control and no one seems to realize just how severeRead MoreTeen Suicide Is A Complicated Tragedy1476 Words à |à 6 Pagesconfidence, and they feel victimised by others so they exclude themselves from the real world. Adults are often unaware of what challenges teens are faced with today because in this universe, everyone is self-orientated. Not one child is the same, but behind every suicide is a teen who just wanted to be heard. Substance abuse can lead to serious health problems. Many teens try alcohol, drugs and tobacco for the ââ¬Å"fun of it.â⬠Some try it a few times and leave it alone, but others try it and it becomes addictiveRead MoreThe Effects Of Drug Addiction1074 Words à |à 5 PagesDrug abuse is a rampant problem in the United States. Drug usage and consumption has grown over the years. Drug addiction is a dilemma that has greatly increased among our current day society. Addiction is a serious problem. This can be defined as continued involvement with a substance or activity despite ongoing negative consequence. Narcotics like marijuana, heroin, crystal meth and crack cocaine are generally called drugs. Men and woman either take these drugs orally or inhale them. Drugs, otherRead MoreReasons for Adolescent Suicide Attempts1173 Words à |à 5 Pagesadolescent is at risk of suicide. Some of these situations are parts of depression, social pressure, drug abuse, and family difficulties. All of these factors make an adolescent feel overwhelmed and confused. There are many events that an adolescent goes through before taking their lives. Finding rates of suicide vary in males and females because the males use more fatal methods than females. What are the feelings that make adolescents take their own life? All the information can be useful to helpRead MoreThe Legalization Of Marijuana And Cannabis Programs854 Words à |à 4 Pagesyears before being struck down by the District of Columbia Court of Appeals. However, with so much publicity the legal process of the petition generated within the drug culture of the 1960 s through the 1970 s in America, it likely convinced state authorities to reassess the restrictions against marijuana (Huntingtonââ¬â¢s Outreach Project for Education at Stanford, 2012). In 1982, 31 states and the District of Columbia had passed legislation granting the prescription of marijuana. In 1996, CaliforniaRead MoreEssay about Marijuana Should B e Legal913 Words à |à 4 Pagesargue a subject of this nature. On one side there are some positive effects, which have been proven as the result of marijuana. Many legal drugs that you can purchase are more harmful then marijuana. My opinions based on legalization or marijuana is based on a number social and economic factors. That brings up the questions why not legalize marijuana as medical drug, which is proven to be less dangerous than heavy painkillers and morphine. It is possible to overdose on painkillers and morphine; howeverRead MoreThe Effects Of Drugs1127 Words à |à 5 Pages Drugs have been abused for hundreds of years all over the world; their effects have been felt for just as long. Are drugs helpful in cases or are they an addiction? Should we be aware of what drugs our doctors are providing us with? Do drugs increase the chances of committing a crime or can they control ones behavior? As drugs can be everywhere nowadays they should be taken more seriously as they can affect everything! Every year thereââ¬â¢s a new drug, is it because they want people to become addictedRead MoreMarijuan Why Not Even Once?935 Words à |à 4 PagesMarijuana: Why Not Even Once? Treatment Admissions The National Institute on Drug Abuse writes that an estimated 9% of marijuana users will eventually become dependent on marijuana (National Institute, 2014). The American Society of Addiction Medicine defines addiction as ââ¬Å"a primary, chronic disease of brain reward, motivation, memory and related circuitry. Dysfunction in these circuits leads to characteristic biological, psychological, social and spiritual manifestations. This is reflected in anRead MoreDrug Abuse: A Rising Concern in America1359 Words à |à 5 Pageswhy drug abuse is a rising concern in this nation? Have you ever wondered what types of drugs get abused? Drug abuse is the new leading cause of death over vehicle related accidents, How drugs have overcome our society and innocence. Drug abuse is a growing problem that is sweeping across our nation. The many stresses of todayââ¬â¢s modern living adds a new level to how children are raised, the influences surrounding them and the resources available. Universally the influence of drugs touchesRead MoreSubstance Abuse Among The Elderly1473 Words à |à 6 Pagespopulation is that of substance abuse as it pertains to the increasing numbers of substance abusers, and/or the increasing rates of substance abuse among the elderly population. A national public health concern is that the rate of elderly substance abuse will rise sharply as boomers enter older adulthood. This research is not intended to be an entire comprehensive and exhaustive review of all research findings but a review to highlight those findings concerning substance abuse among the elderly. Literature
Tuesday, May 5, 2020
Report Is Concerned With Microeconomics â⬠Myassignmenthelp.Com
Question: Discuss About The Report Is Concerned With Microeconomics? Answer: Introduction This report is concerned with microeconomics and macroeconomics in relation to Australian economy and how the factors of these two affect the economy. Microeconomics includes the internal factors that affect organizations such as efficient utilization of resources, opportunity cost, decision-making, identifying the ways, which leads to effective production, grievance handling etc. On the other hand, macroeconomics means the external factors which are outside the organization and that affect the organization such as changes in demand, change in the prices, increases or decrease in net exports, inflation, changes in government policies etc. Microeconomics Concept of Opportunity Cost Every person has a choice. He or she invests in something by properly analysing the advantages and disadvantages of that particular product. Opportunity cost refers to the loss made to an individual by the rejected choice in order to gain advantage from the alternative choice. For example: If one chooses to stay in the class and study rather than going out for bunk with your friends, so in this case opportunity cost is not having fun with friends by bunking the class (Parkin and Bade, 2015). Countries are bound to make a choice between the production of a particular good or service and the production of another. For example: in case of Australian economy, government has planned to allocate resources towards defence. So, in this case, these resources cannot be utilized in the healthcare, education, childcare or public transports. So here for Australian economy, the opportunity cost is non-allocation of these resources to healthcare and education. Whenever there are situations, when we have to make choices between alternative types of production, then opportunity cost arises (Campbell and Brown, 2015). Efficient utilization of resources The growth of an economy depends upon how efficiently that economy is using its resources. If we are making excess use of imported goods, then it will result in hurdles in maintaining equilibrium in the countrys expenditure and its revenue. Australias imports are crude petroleum, refined petroleum, cars, packaged medicaments, meat etc. Its exported goods are gold, coal, wheat etc. Australia is importing goods from Japan, China, The United States and Thailand. If the companies in Australia are not making the use of limited resources properly, then it leads to increase in cost of production. So it will arise a challenge for the companies in Australia that how they will compensate this increased cost of production. Australia is considered as the biggest user of natural resources. Australian economy is consuming more resources per person as compared to Japan or United States. For example, Indias natural resources consumption is 5 tonnes per person and US and Japans resource consumption is about 28 tonnes still Australian economy is consuming more. Efficient and effective utilization of resources takes the economy towards sustainability. Market is the decision-maker In Australian economy, the decision marker is the market. Three economic decisions that depends upon the market are what to produce, how to produce and for whom to produce. In Australian economy, the production can be done according to the resources available in the market. Each product is produced not according to its demand but as per the resources available in the market. Then they will focus on how to produce. In how to produce, the market helps in deciding what type of technology and resources needs to be used in the production of goods. For whom to produce includes how the economy divides the goods and services among the people living in the society. This division depends upon the economic contribution of an individual in the market. The market system of Australian economy affects these three economic decisions in following way: Critical Analysis of the Three Blogs: The above blogs have discussed opportunity cost for the Australian economy, effective utilization of resources in context of Australian economy and how the market is the decision-maker in case of Australian economy. Australian economy showed a growth in the recent years by reducing the unemployment rates, low interest rates, changes in the tax rates to encourage growth. Australian economy is upgrading innovation in the productivity through RD policies (OECD, 2017). The suggestions for Australian economy are minimizing the utilization of natural resources, maintaining equilibrium in the market prices and it is only possible when raw material can be available to the producers easily. If a country wants to grow then its main objective is to make the best possible use of its available resources. It also lowers the impact of opportunity cost on an economy. An important part of Australian economy is that it is decision-maker is the market. But in case of scarcity of resources, it becomes a disadvantage, because the economy is focussing on aggregate demand and supply. If the resources are properly utilised, then it will avoid the problem of scarcity and the economy is able to produce any particular type of product according to consumers demand. It leads to equilibrium in demand and supply and hence it is feasible for the economy to choose the best alternative among all the choices without thinking about the opportunity cost (The guardian, 2017). Australian economy is required to minimize its natural resources consumption to remove the tag of biggest resource consumer. Efficient allocation can only be possible if government can interfere in the market operations by making policies for smooth running and by removing policies that creates hurdles in the operations of an economy. Australian government imposes tariffs on imported goods but be cause of this imposition the Australian firms that are profitable are not efficient as compared to international firms dealing with same product. Macroeconomics Monetary and fiscal policy Reserve bank is responsible for the monetary policy of Australia. The primary objective of monetary policy is to manage the money supply of an economy. Monetary policy tools with RBI are: First is Repo rate and reverse repo rate: Repo rate is the rate at which clients borrow money from RBI. Reverse repo rate is the rate at which RBI borrows money from commercial banks (Wang, Li, Gupta, Su and Liu, 2017). At present, these rates are 6.75% and 6.25% respectively. Second is Cash Reserve Ratio (CRR): CRR is a certain percentage of a banks total deposits that is compulsorily required to be deposited with RBI. Current CRR is 4%. Third is Statutory Liquidity Ratio (SLR): SLR refers to the percentage of banks deposits that they are compulsorily required to invest in government securities. Current SLR is 21.5% (Kent, 2017). Fourth is Bank rate: Bank rate is the rate charged by RBI on loans and advances to commercial banks. Current bank rate is 8.25%. Fifth is Open market operations: An open m arket operation refers to the buying and selling of government securities by RBI. Fiscal policy is the policy that is used to control inflation and government expenditure. The main objective of fiscal policy is to maintain equilibrium in balance of payments (BOP). Balance of payment is a record of countrys transactions with rest of the world. Fiscal policy aims at controlling inflation by attracting exports and reducing imports (Tan, 2016). There are two types of fiscal policy: Expansionary fiscal policy: Expansionary fiscal policy refers to the policy in which government is spending more than the revenue from taxes. Contractionary fiscal policy: This situation arises when government spending is less than the revenue from taxes (Bashar, Bhattacharya and Wohar, 2017). Inflation Inflation means increases in the prices of products year by year. Inflation can be measured in three ways: 1. Consumer Price Index (CPI): CPI compares the prices of commodities in the base year with current year. It measures retail market prices. 2. Producer price index (PPI): It measures the change in the selling price received by the producers for their outputs over a period of time. 3. GDP deflator: GDP deflator is the most commonly used technique to measure inflation. But RBI and Government do not prefer to use this because it evaluates data on quarterly basis (Cornish, 2017). Types of inflation as per Australian economy are: 1. Demandpull inflation: Demand-pull inflation arises when demand for goods increases than its supply. When supply of goods decreases in the market with increase in demand, it will automatically increase the prices of that particular product. 2. Cost-push inflation: It means when the cost of production of the company increases so the company will compensate this increased cost by increasing the prices of the product. 3. Wage-push inflation: It is a combination of demand-pull and cost-push inflation. If the wages of employees increases then it means the cost of employees to company increases and the company is going to balance it by increasing the prices (Argy and Nevile, 2016). Gross Domestic Product (GDP) Gross domestic product evaluates the performance of an economy. GDP takes into account the total value of all the goods and services produced within the country in a year. GDP can be measured by the formulae given below: GDP= C+I+G+(X-M) where, C- Personal consumption expenditure I- Business Investment G- Government spending X-M- Exports minus imports GDP compares the current performance of an economy with previous year. The growth of an economy can be assumed by its GDP rate. Increase in gross domestic product means reduced unemployment, increase in wages, equal demand and supply of goods. Lower GDP indicates recession in an economy. GDP in Australia is 2.9% in 2016. GDP composition by sector: Sector Percentage Agriculture 2.28% Industry 19.8% Services 77.7% Critical Analysis of the Three Blogs: It is analysed that Australias economic system is a mixed economic system. Above we have discussed about three major parts of macroeconomics i.e. monetary and fiscal policy, inflation and GDP. These are the three major things on which every economy needs to focus. It is analysed that fiscal policies objective is to ensure economic growth and it is possible through proper mobilization of financial resources. Fiscal policy helps in equality of income by levying higher taxes on rich people and lower tax on people having less income (FOCUSECONOMICS, 2017). The government mobilises financial resources by the way of direct and indirect taxes. Government is also offering concession in excise duty on the goods produced within the country to attract foreign investors to invest domestically. Fiscal policy is directly related to the economic growth of a country. If we talk about GDP then GDP has a great effect on stock prices. For example: If gross domestic product is less as compared to previous year then it means that the companies are earning less which lowers the stock prices. Now-a-days investors are investing by properly examining the GDP of a country. In case of inflation, it is analysed that inflation reduces the purchasing power of consumers. If the prices of goods increase then it will reduce the money value of consumers. Increase in VAT or service tax also leads to inflation. Australian economy is an economy that has navigated over 25 years without recession. These three factors as discussed in the report are inter-related to each other (Behlul et al., 2017). If inflation occurs in an economy then it will create disequilibrium in the economy so it will result in financial crises in the economy and financial crises lowers GDP of an economy. Australian economy is growing year by year and it can be seen by the way of its net savings plus other changes in the real net wealth per capita which is growing year by year. Australias per capita GDP is higher than Canada, UK, Germany and France. References Argy, V.E. and Nevile, J. (2016) Inflation and Unemployment: Theory, Experience and Policy Making. UK: Routledge. Bashar, O.H., Bhattacharya, P.S. and Wohar, M.E. (2017) The cyclicality of fiscal policy: New evidence from unobserved components approach. Journal of Macroeconomics. 53, pp. 222-234. Behlul, T., Panagiotelis, A., Athanasopoulos, G., Hyndman, R.J. and Vahid, F. (2017) The Australian Macro Database: An online resource for macroeconomic research in Australia. Campbell, F. and Brown, P.C. (2015) Cost-Benefit Analysis: Financial And Economic Appraisal Using Spreadsheets. UK: Routledge. Cornish, S. (2017) Inflation and the Making of Australian Macroeconomic Policy, 194585, by Michael Beggs (Palgrave Macmillan, Basingstoke, 2015), pp. xii+ 325. Economic Record, 93(300), pp. 174-176. FOCUSECONOMICS (2017) Australia Economic Outlook.[Online]. Available at: https://www.focus-economics.com/countries/australia (Assessed: 29th August 2017). Kent, C. (2017) Uncertainty and Monetary Policy Australian Economic Review, 50(1), pp. 85-88. OECD (2017) Economic Survey of Australia 2017.[Online]. Available at: https://www.oecd.org/australia/economic-survey-australia.htm (Assessed: 29th August 2017). Parkin, Michael and Bade, Robin. (2015) Microeconomics: Australia in the Global Economy. Australia: Pearson Education. Tan, Kim. (2016) Fiscal Policy in Dynamic Economies. UK: Routledge. The guardian (2017) Australian economy.[Online]. Available at: https://www.theguardian.com/business/australia-economy (Assessed: 29th August 2017). Wang, L., Li, B., Gupta, R., Su, J.J. and Liu, B. (2017) Return Predictability in Australian Managed Funds. International Journal of Business and Economics, 16(1), pp.
Subscribe to:
Posts (Atom)