Chances by Five For Fighting free essay sample

I will in general wanderer on the unreasonable side of things. I’m a visionary, Nothing more needs to be said. At the point when I succumb to somebody, I fall hard and quickly begin pondering what the future could hold with them. I understand this isn't the most advantageous point of view to consistently hold, however now and again I can’t help it. When you become a â€Å"hopeless romantic† it is difficult to change that. Anyway in eleventh grade I began to acknowledge it may spare me from getting as hurt in the event that I began to take a gander at things all the more everything being equal. I was in my first genuine relationship and I could disclose to it was reaching a conclusion as much as I didn’t need it to. It was around this time I rediscovered an old tune I used to tune in to on rehash while I was in center school. In those days, I didn’t tune in as a lot to the verses however tuning in to it again I understood the message it was sending a nd it was exactly what I expected to hear right now. We will compose a custom article test on Chances by Five For Fighting or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page The tune was â€Å"Chances† by Five For Fighting, and not at all like myself, it took the more practical side of connections. It essentially had the disposition that I expected to have and still need to have, yet at the same time think that its hard to. In this tune the person is engaged with a young lady and the two of them are excited about one another and clearly need what they need to work out. Be that as it may, the person appears to acknowledge he can’t lose trace of what's most important and get his expectations too high in light of the fact that in the long run they will probably become separated from one another and head out in their own direction. This was fundamentally what was befalling me with my ex, and this tune helped me to understand that regardless of the amount I can dream about what I need to occur, I have to concentrate on what's going on and let it go in the event that it needs to go. Indeed, one of my preferred verses from this melody is â€Å"no thing keeps going forever regardless of how it feels today†. I truly don’t believe that line could be all the more evident; at the time with somebody you might have the option to see an entire future with them, however all things considered, not far off something will change and that â€Å"forever† that you imagined about will come slamming down with the real world. Be that as it may, the last piece of this melody centers around those uncommon events when this individual you’re with now ends up being your future and all you longed for. There are those occurrences when that occurs, and it happens in light of the fact that you took a risk on it. Regardless of whether you are a visionary or a pragmatist, you have to take risks in life to discover love. It assists with keeping things in context so it harms less in the event that it doesn’t turn out to be, however there is consistently the chance it will work out. As the melody closes, â€Å"chances are standing by to be taken†¦Ã¢â‚¬  and those odds sitting tight for us could end up being what we’ve consistently longed for.

Holy Allusions in essays

Blessed Allusions in papers All through the story Billy Budd, the creator Herman Mellville makes various scriptural purposeful anecdotes with the occasions and characters that he devises. Billy Budd, an unadulterated and guiltless youngster, is dazzled by the Bellipotent. On the boat he is loved by the entirety of his crewmates aside from the boats desirous ace at-arms John Claggart. Claggarts loathe for Billy develops into an exceptional disdain. During a showdown between the two, Billys faltering issue dominates and he works out truly. Billy unintentionally murders Claggart and is condemned to death. The life and passing of Billy can be contrasted with the scriptural figures of Jesus Christ and Adam. The narrative of Ananias from the Bible is additionally referenced by the envy of Claggart and his beguiling arrangement to crush him. Chief Vere, as Pontius Pilate when he makes a decision about Jesus, realizes that Billy generally will be blameless however feels he should observe the law and put Billy to death. These scriptural references just as numerous others add profundity to the story and underline the battle among great and malevolence. A huge examination in the novel is the depiction of Billy as Adam before the fall. Much like Adam, Billy is neglectful of the encompassing indecencies until he experiences the snake, Claggart. Billy resembled a youthful pony straight from the field out of nowhere breathing in a wretched whiff from some compound industrial facility, and by continued grunting attempting to get it out of his noses and lungs (Melville 36). With respect to the malevolent enticement in the narrative of Adam, there are a few correlations among Claggart and the snake. At the point when he moves toward Billy, blaming him for arranging insurrection, his eyes are contrasted with a snakes: The principal mesmeric look was that of snake interest (Melville 49). Another correlation is made when Claggarts body is being tossed into the ocean. The specialist says, It resembled taking care of a dead snake (Melville 50). Billys ruin I... <!

America's response to the Flat World Case Study

America's reaction to the Flat World - Case Study Example Aside from World Trade Organization (WTO) and General Agreement on Tariffs Trade (GATT), the United States has gone into little exchange accords as a major aspect of their arrangement to seek after exchange advancement on multilateral, provincial and respective fronts. Protecting ties with vital accomplices empowers the United States to grow its previously blasting economy. It can overcome overwhelmingly little and creating economies through these exchange understandings (McMahon, 2006). Starting at 2005, America has gone into ten Free Trade Agreements. The primary exchange understanding is with Israel in 1985. This was trailed by Canada and Mexico which contains the North American Free Trade Agreement (NAFTA) which produced results in 2004. An organized commerce concurrence with Jordan became effective on December 17, 2001. Exchanges for nothing exchange zones with Singapore and Chile, started in December 2000, have been finished. On January 21, 2003, the United States and Morocco reported their aim to arrange an organized commerce understanding, and on May 21, 2003, the United States and Bahrain declared such an expectation (www.citizen.org/exchange/nafta, 2006) . It was then trailed by the organization with the nations, for example, Australia, El Salvador, Nicaragua and Honduras. A concurrence with Guatemala, the Dominican Republic and Costa Rica have passed congress and presently can't seem to be upheld. There are three additional understandings that are being co nsidered by congress, with Oman, Peru and Colombia. Talks are being finished with 11 more would be exchange accomplices, either respectively, as a component of provincial arrangements or as individuals from customs association (McMahon, 2006). Facilitated commerce understandings (FTAs) are courses of action or settlements between nations to protect special arrangements with deliberately significant nations. It can assist the organizations with entering and contend all the more effectively in the worldwide commercial center. In these sorts of understandings, this will help level the worldwide playing field and urge remote governments to embrace open and straightforward standard creation systems, just as non-oppressive laws and guidelines (McMahon, 2006). FTAs likewise help fortify business atmospheres by wiping out or lessening levy rates, improving protected innovation guidelines, opening government obtainment openings, facilitating venture rules, and considerably more. These arrangements might be bringing down or now and again disposal of duties and different obstacles on merchandise. NAFTA for example, has set cutoff points for security and assessment of meats sold in the supermarkets, new licenses for drugs that raised its costs limitations on neighborhood government's capacity to zone against spread or poisonous enterprises; and end of inclinations for spending the duty dollars on U.S.- made items or privately developed food (Gruben,1997). Identified with this, worldwide exchange is a vital piece of the U.S. economy, representing more than one-fourth of U.S. total national output and supporting in excess of 12 million U.S. occupations, remembering 1 for 5 assembling positions. FTAs can be an impetus for quickening financial development by permitting more noteworthy rivalry, empowering the arrangement

Business Sustainability Business Curriculam

Question: Examine about the Business Sustainability for Business Curriculam. Answer: Presentation: The point of the paper is to design a compelling system utilized for training youngsters at the fundamental learning level and at the essential level also. The paper is partitioned into Part An and Part B. The initial segment portrays the structure and the depiction of the new and imaginative asset to be utilized for instructing and the subsequent part is the learning plan that assesses the method of reasoning and the helpfulness of the educating plan. There has been expanding mindfulness about the significance of supportability and how an individual may contribute towards a manageable domain (Stewart, 2014). It is additionally critical to instruct the youngsters at youth and essential level about manageability and how they can contribute towards a superior domain. The possibility of the encouraging asset is a book. The principle subject of the book is to make mindfulness among the kids on how they will have the option to deal with different circumstances throughout everyday life. As expressed by Dahl, (2015), that life is dynamic and an individual can be confronted with any sort of circumstance. If there should be an occurrence of youngsters, it turns out to be extremely trying for them to respond at a specific circumstance. Likewise, it very well may be said that in the ongoing time, World has seen a few such circumstance where individuals stayed in issue about their response. Expanding manageability issues, ecological debasement, decreasing accessibility of assets and other such factors have become fundamental issues that should be battled (Remington-Doucette et al., 2013). Subsequently, it is imperative to incorporate lessons identified with these themes among the youngsters at an essential level or beneath essential level. Section A: Design and depiction of an educating asset Drawing of the asset: Materials utilized: The possibility of the asset is a book. It is suggested that the book may be made of cardboard that will give toughness to the item. The substance of the book will be composed with printed ink. There will be pictures and pictures to portray the occurrence obviously and make the exercises progressively adequate among the kids (Fergus, Twigge-Molecey Mcguffin-Cawley, 2013). Aside from the proposed thought of a cardboard book, a similar idea may be applied as digital books too. digital books will be all the more innovatively progressed and there will be the alternative of expanding the capacity memory too and hence, there will be more choice of instructing among the instructors (Johnston, 2013). Be that as it may, it is essential to encourage youngsters utilizing a physical book as opposed to utilizing a virtual stage. Since, the idea is to make kids mindful of the up and coming circumstance, it is essential to leave certain things for creative mind to the youngsters that they will have the option to respond effectively on the circumstance. Guidance for educators: The principle target of the proposed book is to make the Children mindful about the conditions and how precisely they will respond to battle the circumstance in the event that they are confronted with any sort of circumstance. It is critical to show youngsters the significance of manageability of condition and that every kid is dependable to take an interest in the advancement of the earth (hman, 2016). It is told to the educators, to advise about the significance of manageability to the understudies. The following thing is to make them go over various circumstances that the youngsters are relied upon to look in their customary exercises. A few instances of the circumstances are: Imagine a scenario where they discover somebody tossing plastic wrapper out and about. What will be the methodology of a youngster in the event that it sees a canine or a feline in a tough situation? What will a kid do on the off chance that it goes over a circumstance where it sees that an individual isn't using the assets like water or fuel in a right manner? The reactions of the youngsters are noted and it depends on the reaction, further instructing strategies will be received to connect with the kids in future exercises and make them mindful about the occurrences that they will embrace in the event that they are confronted with any sort of circumstance. After various classes, a test can be taken that will tell about the reaction and the power of the learning of the kids. The educators are required to be benevolent and opened up with the understudies at the hour of showing them since that will make ease among the kids that they will be allowed to ask and clear any uncertainty from the instructor (Williams Brown, 2013). Additionally, it must be noticed that the youngsters likewise needed to impart something to their educator or guides. Consequently, it is additionally trained that the educator should make center around such angle too. For the understudies at the essential level, progressively genuine methodology can be made towards the showing procedure of the kids. Difficult issues like security on streets or while taking care of gear or different machines at home and other such issues that may frustrate the supportability of the earth (Wiek et al., 2014). It is likewise expected that the educator will portray various genuine models and a few or circumstances that may have as of late occurred. This methodology will make everything understood to the understudies and whatever is instructed to them and they will have the option to relate the exercise without any problem. Part B: Learning plan For youth: At the early age youngsters must be made mindful of the crucial standards of life that incorporates way and disciplines and the manner in which they can contribute towards a superior society and condition. In this way, the arrangement of books implied for the kids at the youth will incorporate stories and portrayals identified with social graces, things they ought to follow when they visit others house (Blewitt Cullingford, 2013). Simultaneously, they will be shown the methods of drawing nearer and act at the circumstances when something dependable don't appear to occur. For Primary matured youngsters: At the point when the youngsters arrive at the essential level, they build up a decent degree of information and comprehension. Perusing McLaren, (2015), it has been realized that kids who go to the age of 9 years build up the essential comprehension of specific circumstance and in the event that they are guided appropriately, they may have the option to deal with the circumstance well. The point of the training is to make these youngsters mindful and competent to respond on any sort of circumstance that they need to look anytime of their normal life exercises. Method of reasoning of the arrangement: The fundamental issue of the instruction framework is that the essential center made is to show the understudies more the subjects and less about the real life exercises. In any case, it is imperative to show kids the essential things important to bargain throughout everyday life. Early time of instruction is the essential stage when youngsters can be educated about the things that are fundamental for a person to follow in their life (Senge et al., 2012). The things that are instructed to the youngsters at the essential level are required to make great effect in their future. The encouraging procedure utilized at the essential degree of training isn't sufficiently proper to make the youngsters fit for dealing with any sort of various circumstance or to battle against specific difficulties (Sund hman, 2014). Subsequently, when the youngsters are made to go over certain normal circumstance and they are shown the things that will assist them with reacting properly on the specific circumstance then this sort of instructing will be progressively productive. The issue of managing circumstance is picking up significance in the ongoing situation in view of the expanding acts of neglect and different episodes that has made fear and disturbing circumstance in the general public (Sidiropoulos, 2014). The issues identified with ecological changes like expanding contamination or a worldwide temperature alteration are expanding at a disturbing rate and these issues and issues should be engaged so as to battle with the corrupting circumstance. The point of the proposed encouraging asset is to make mindfulness among the kids about nature wellbeing just as for other circumstance that are significant for an individual to respond at any circumstance. The proposed book is comprised of supportable assets that won't bring on any mischief to the earth. Another methodology that has been made about digital book is another acceptable choice that will hold maintainability of the earth (Wright Horst, 2013). Nonetheless, as referenced already digital book probably won't be a lot of compelling for the way that it will not make that inventive system among the students. Connections to training for manageability: A few methodologies have been made to remember it for the training framework about the methodologies that one should make so as to partake in the maintainability of condition. The adequacy of the methodology may be high among the understudies at the auxiliary learning level however it probably won't be compelling among the youngsters. As expressed by Yarime et al. (2012) every single individual has equivalent interest level for the general public or the earth. Besides, if youngsters are raised appropriately by showing them fittingly and making them mindful about the significance of maintainability and how every individual can be capable to keep the supportability of the earth flawless. Goals of the arrangement: The goal of the proposed arrangement can be set by the methods for a SMART structure. Explicit: The arrangement is to show the youngsters at early essential and essential level to make mindfulness among them about the maintainability of condition. They ought to be educated on how precisely to respond on a specific circumstance when they are confronted with any such circumstance in their customary life exercises (Hesselbarth Schaltegger, 2014). Quantifiable: The accomplishment of the arrangement can be estimated if a pseudo circumstance is made to recognize the achievement of the arrangement and how well the kids have adjusted the instructing. It tends to be effortlessly known by the manner in which the kids will respond on the circumstance. Feasible: The goal is effectively feasible if the schools give at any rate

Should You and Your Spouse Keep Your Finances Separate

Should You and Your Spouse Keep Your Finances Separate Should You and Your Spouse Keep Your Finances Separate? Should You and Your Spouse Keep Your Finances Separate?Theres no one-size-fits-all approach to managing money in a marriage, but there are some best practices you can follow no matter what.Even the best marriages are going to have disagreements. Unless you’re planning to marry yourselfâ€"and we don’t yet have the technology capable of doing thatâ€"there are going to be some conflicts that will have to be navigated.And any conflict becomes more difficult to manage when there’s money on the line. And there’s almost always money on the line in some way.“First and foremost, note that opposites attract, and this also applies to money,” financial coach and author  Karen Ford told us. “If you’re a saver, then most likely your mate is a spender. If you’re a spender, then they are more than likely a saver. Being opposites in this is ok, as long as you recognize the difference and the challenges.”But recognizing the differences is the easy part. The challenge is overcoming them. And one of the most fundamental finance questions you’ll have to decide with your spouse is whether you’re going to keep those aforementioned finances separate.Unfortunately, theres no right Different experts have different opinions for different couples about whether and how you should keep your finances separate. Let’s see what they have to say! Consider imposing dollar limits.You probably spend a large portion of your time, if not most of it, with your spouse. That means you’re going to be making a lot of purchases together. Even when you aren’t together, your spouse probably has a pretty good sense of what you’re spending money onâ€"minus the surprise party you’re planning. Don’t worry, we won’t tell!So it certainly makes sense on some level, at least, to merge your finances.“For some couples, combining everything into one account will work well,” advised Derek Hagen, founder of  Hagen Financial. “Its easier to have just one account and they are abl e to jointly manage their finances.To help manage their joint finances, they may implement a dollar limit on purchases. For example, if its $100, then they can spend whatever they want, with no explanation necessary, if the transaction is less than $100. The flip side is that all transactions over $100 require a conversation.”Symbolism matters.Beyond the convenience, other contributors highlighted how joining your finances can be seen as a symbolic move echoing how your lives are being joined together.“The best case with married couples is to put your money together,” Ford suggested. “You entered into marriage knowing you want to go through life together and this applies to finances. Discuss your spending and savings goals. Prepare for vacations, big purchases, investments etc.”Raffi Bilek, a  couples counselor and the director of the  Baltimore Therapy Center (@ThingsCanBeDiff), offered his own take on the value of merging finances:“Joining finances with your spouse is an important part of building a life together. A marriage is not a business arrangement in which both parties are trying to maximize their own benefit. It is a relationship built on trust and mutuality.Coming together as a team is what its all about, whether in finances, parenting, or any other aspect of life. Sharing expenses, instead of counting whos paying for what, is a meaningful part of that. Its hard to feel like youre on the same team when you feel like there is ‘my money’ and ‘your money.’”In order to coordinate, you must communicate.Of course, there are financial decisions to make beyond spending. It’s a good idea to be on the same page about your long-term, overall finance goals.“It’s perfectly OK for couples to have different risk tolerances and investment portfolios, such as one spouse being an aggressive investor while the other is moderate,” assured Larry Solomon, client advisor at Mercer Advisors (@MercerAdvisors).“However, for planning purposes f or big picture goals, like retirement, college planning for kids, buying a house,  insurance decisions, etc. it’s important that both spouses embrace a coordinated and holistic approach and evaluate their combined finances in establishing and prioritizing major goals.“In retirement, for example, we can assume they will also be living together and sharing common lifestyle expenses even if one of them is still working and this would be impossible if they have completely separate plans and pools of resources to draw on. Having totally separate plans and retirement assets would be a recipe for discord, disaster, and probably divorce.Furthermore, when it comes to retirement planning for couples, one spouses decisions often have a dramatic impact on the other spouse’s financial choices.For example, to maximize cumulative Social Security benefits over both spouses’ lifetimes, the best approaches might involve one spouse starting Social Security at normal retirement age while the o ther one delays it to allow their benefits to grow.These Social Security claiming strategies, which can achieve thousands of additional benefit dollars for married couples, cannot be implemented without cooperation and joint planning.“Other decisions, like whether a couple will hold assets in a trust or how to save for each child’s college, also requires planning and consent from both partners.I can go on with many more examples and insights, but the bottom line is that like most other things for couples, successful financial planning involves collaboration, cooperation, and compromise from both partners. Couples can have different portfolios and investment profiles, but need to share common goals and have a coordinated plan to achieve them.”So are joint finances definitely the way to go? As the opening paragraphs of this very article made clear, that is not necessarily the case!Spare yourself from money fights.Some of the experts we talked to were much less enthusiastic about the idea of merging finances completely.“When a couple admits to keeping their finances separate, even if its partially, theyre usually met with quizzical or worried looks,” explained Marie Oates, a partner at The Hive Law, Atlanta Divorce Attorneys. “Some people immediately assume that theres something wrong with the marriage; however, this can be one of the best ways to save your marriage.“Money-related fights are one of the biggest reasons we have divorce clients. Since people are uncomfortable talking about money and they already know that money can cause disputes, they think that not talking about it will fix their issues.“Instead, keep your money separate. Its not some sign that you two dont trust one another; instead, its more of a show of respect. My husband and I keep our money mostly separated so that neither of us feels ashamed or guilty for spending money on something we want.When he wants new woodworking equipment, it comes from his account. That is money I d o not see, so I do not miss it. Its also money that he worked for. And when I wanted a new Garmin watch, it was taken from my own, separate account.“As for a shared account, most people make that the default ‘bills’ account. The things that keep the household running: mortgage, electricity, car payments. The fun stuff. Each of us fund this account, but in proportion to what we make. Since I make more money than my husband, I put more money into the joint account than he does.”Open a joint account for joint expenses.Money Elevation Coach Roslyn Lash (@RosLash) felt similarly: “Each spouse should have their personal accounts. This money is theirs to save or spend however they choose. There should also be a ‘household’ account. This account will be used solely for household expenses.“The decision then becomes ‘how much should each person contribute?.’ This becomes especially difficult if one partner makes significantly more than the other. Splitting the bills 50/50 would be disproportionate and unfair.The only fair way to divide the bills is based on each partners percentage of income. The total household income and the amount of the total household bills would be used to determine each persons contribution.For example, lets say that one person (A) earns $4,500 monthly, and their partner (B) earns $3,500, for a total household income of $8,000. Their total household bills are $5,000 monthly.Therefore, you would calculate Person As percentage by dividing the individuals income by the total income ($4,500/$8,000) which will result in 56 percent.  Person B would be responsible for the difference of 44 percent (100 percent 56 percent). Person A would pay $2,800 ($5,000 x .5), and Person B would pay $2,200 ($5,000 x .44).”Different strokes.Most of the experts who offered reasons and methods to merge your finances in the previous section also acknowledged that separate finances might be a better arrangement for some couples.“For others, keepin g two sets of accounts works,” Hagen told us, expanding on his earlier suggestions. “Each persons paycheck goes into his or her account and all personal expenses come out of the respective account. They may even have a joint account set up for joint expenses, like bills, and each transfers half of each bill into the joint account.”But there’s no reason to assume there’s going to be a one-size-fits-all (or even a two-size-fits-all) approach to managing married finances.The one thing all of our experts agreed on is that no two married couples are the same, and therefore there isn’t any single method guaranteed to lead to a marriage as perfect as [INSERT CELEBRITY COUPLE WHO WILL PROBABLY BE BROKEN UP BY THE TIME THIS ARTICLE IS PUBLISHED].Why not try both?As you probably noticed, even the experts who lean more towards one side or the other still tend to recommend some sort of mix. Those who suggest blending finances often advise still having some money each spouse controls at their discretion. Those who suggest keeping finances separate still recommend having a joint account to use for shared bills and similar expenses.“In the middle of those two, is a third method,” offered Hagen. “With this, most everything is handled in joint accounts, but there are two individual spending accounts. Similar to having a transaction limit, the couple decides how much will get transferred from the joint account into the individual accounts. For example, if its $100 per month into each account, then each partner gets to use that account however he or she wants.”Making a marriage work isn’t always easy. But if you’re open and willing to talk about issues like finances, your relationship will be stronger for it.  To learn more about managing your finances, check out these related posts and articles from OppLoans:The (Comprehensive) Couple’s Guide To Budgeting8 Good Habits to Get Your Financesâ€"and Your Lifeâ€"on TrackFrom Budget to Baller: 6 Tips to Grow Your Money8 Ways To Save Money Today, Tomorrow and Every Day AfterDo you have a personal finance question youd like us to answer?  Let us know! You can find us  on  Facebook  and  Twitter.Visit OppLoans on  YouTube  |  Facebook  |  Twitter  |  LinkedIN  |  InstagramContributorsRaffi Bilek is a couple’s counselor and director of the  Baltimore Therapy Center (@ThingsCanBeDiff).Karen Ford is a Master Financial Coach, Public Speaker, Entrepreneur, and Best- Selling Author. Her #1 Amazon Best Selling Book “Money Matters” is a discovery for many.  In “Money Matters” she provides keys to demolishing debt, shares how to budget correctly, and gives principles in wealth building.Derek Hagen  is the founder of  Hagen Financial, LLC, a financial coaching and counseling firm that helps clients develop a healthy relationship with money and find the motivation to change their behavior. He is the founder of the Money Health blog which  helps readers increase their financial health. Dere k holds the Certified Financial Planner and Chartered Financial Analyst designations. In his free time, he enjoys all things outdoors, especially camping, hiking, and running.Roslyn Lash  (@RosLash), the  Money Elevation Coach, is an Accredited Financial Counselor?, Real Estate Investor, and the Author of The 7 Fruits of Budgeting. She works virtually with single women helping them to gain clarity around their finances, reduce debt, and increase their net worth so that they can live a more abundant life. Her advice has been featured in national publications such as USA Today, Forbes, TIME, Huffington Post, Los Angeles Times, and a host of other media outlets.Marie Oates is a partner at  The Hive Law where she focuses on Atlanta divorce cases and estate planning. She prides herself on making legal assistance affordable, accessible, and all around less scary. And in her free time, shes chasing her toddlers and cuddling with her cats.Larry Solomon is a Client Advisor for  Mercer Adviso rs (@MercerAdvisors) in Washington DC. He passionate about investing, financial planning, and delivering integrated financial, tax, legal, and risk management advice to make client’s lives better.  Prior to Mercer, he worked as the Director of Financial Planning and Investments at OptiFour Integrated Wealth Management, where he led the firm’s financial planning and investment analysis efforts. Larry is a published author and frequently contributes to articles on financial planning and investing topics in publications such as The Wall Street Journal, Financial Times, US News, The Street.com, Bankrate.com, and others. For more information, contact him at  lawrence.solomon@merceradvisors.com.

Monopolistic Competition Research Assignmnent Paper - 275 Words

Monopolistic Competition Research Assignmnent Paper (Essay Sample) Content: Monopolistic CompetitionName:Institution:Monopolistic Competition 1 Aside from advertising, how can monopolistically competitive firms increase demand for their products?Apart from product advertising, businesses operating in a monopolistic type of market can increase their profits through product differentiation. Product differentiation is the practice distinguishing a service or commodity from others through the incorporation of various attributes such as price, benefits, styling, quality, service among others. (Besanko, Braeutigam, Gibbs, 2011). Setting a particular price which is lower compared to that of other competitors is among the components of product differentiation which is meant to maintain and increase the level of demand. Product differentiation can take various forms for example physical commodity differentiation. This is where businesses use design, shape, size, performance, and form to create uniqueness in their products. Firms can also differentiat e their goods and services using various types of shopping such as through the internet. Through internet shopping, for example, a company will be able to capture large clientele compared to other sellers who don't use the internet. 2 Make a case for why monopolistically competitive industries never reach long-run equilibrium.Earning of supernormal profits in the short-run attracts new firms in the long-run which in the process will reduce the economic profits made before to zero level. At this level, companies in the industry will earn normal profits. At this stage there will be no product differentiation and no firm will get excess returns because, all businesses have similar products concerning price, quality, and design. In reality, this stage is unattainable since, in the long run; new firms enter with new products which imply a start in the p...

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