Writing a good persuasive essay Cesar Ritz Сolleges Switzerland
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pdf essay topics You’ve spent quite a bit of essay Cesar Ritz Switzerland, time in your English classes writing argumentative essays, and writing essay in english Chaminade Сollege Preparatory School you’ve even gotten pretty good at writing on writing a good persuasive essay Cesar Сolleges Switzerland, the topics your instructor assigns. But when it comes to choosing your own argumentative essay topics, you draw a blank. It’s not that there aren’t any good topics to choose from, but you start over-thinking it, wondering if each topic is too cliche, overdone, or just not good enough. Write Opinion Essay? Chances are, all you need to do is relax and find a topic you’re passionate about and, of course, one that is debatable. Why Pick Debatable Argumentative Essay Topics? Photo by David Hume Kennedy via Gerald R. Ford Library. The name of the essay says it all– argumentative . It would be a lot easier to write an essay on something that people generally agree on, but that’s not really the Cesar Сolleges, point of an how to write opinion argumentative essay.
It’s important to choose debatable argumentative essay topics because you need opposing points that you can counter with your own points. The world isn’t black and white–there are a lot of gray areas, which is writing persuasive essay Сolleges, good because that means there are a lot of reviewed Appleby, topics you can choose from. I have listed 50 argumentative essay topics below, phrased as questions, to help get you started. I’ve separated the topics into five categories–legal, moral, social, media and family–and included a helpful link for each topic. Feel free to a good persuasive essay, use the topics for how to write for essay Northfield Mount Hermon, your own essay, or as inspiration to create your own original topic. 10 Legal Argumentative Essay Topics. Argumentative essay topics about legal matters are a popular choice.
These types of topics can include laws that you would want to create, change or completely abolish. They can also discuss certain benefits or negative aspects of existing laws. You don’t have to get super technical with legal argumentative essays, but be sure to do your research on what the current laws about your chosen topic actually say. A Good Essay Cesar Ritz Сolleges? After all, you don’t want to write a concluding paragraph for an essay NABA, di Belle Arti Milano, suggest a changing a law that’s already been changed in the way you want. Should cigarettes and other tobacco products be outlawed? Should prostitution be legal?
Do the benefits of medical marijuana justify its legality? Is the drinking age appropriate (should it be lower, higher, or stay the same)? Should nuclear weapons be outlawed worldwide? Should the United States put more restrictions on a good Cesar Ritz Сolleges, gun ownership and use? At what age should girls have access to birth control without the consent of their parents? Does outlawing controlled substances only how to opinion create a larger black market? Should corporations be granted personhood? In what situations, if any, does a woman have a right to an abortion? 10 Moral Argumentative Essay Topics. Moral argumentative essay topics are some of the easiest to writing a good essay Cesar Ritz Switzerland, get carried away with.
They can cover a variety of moral dilemmas, from how to a conclusion Mount, animal testing to the death penalty. These topics tend to be very debatable because everyone has different opinions–and justifications for those opinions–on what they think is right or wrong. If you’re talking about writing a good persuasive human or animal rights, and it’s something you’re very passionate about, it’s tempting to let your emotions take over. While it’s good to be passionate in essay The Village School an argumentative essay, remember to keep your thoughts focused and organized. It’s definitely worth your time to create an persuasive Сolleges outline so you don’t stray off topic. Photo by John Snape via flickr. Is animal testing necessary? Should consumers buy items from write a conclusion for essay Northfield Mount, countries that endorse child labor? Do patients have a right to a good persuasive essay Cesar Ritz, die via physician-assisted suicide?
Should children’s beauty pageants be banned? Are nude photographs appropriate in museums that are open to how to a conclusion Hermon, the public? Should schools and businesses give more incentives for essay, people to do volunteer work? Are atheists less moral than theists? Does freedom of speech give people the right to St. Clair, use hate speech? Do people who commit heinous crimes deserve the writing persuasive essay Сolleges Switzerland, death penalty? Do pre-employment drug tests infringe on is it University of California,, personal privacy rights? 10 Social Argumentative Essay Topics. Social argumentative essay topics tend to writing persuasive essay Cesar Ritz Сolleges, overlap with legal and moral topics, but deal more about how individuals act within society and what kinds of Сollege Preparatory School, pressures society puts on individuals or groups of people.
This is a pretty broad category, so there are a lot of topics to choose from and even more that you could create on writing persuasive essay Cesar, your own. If you get stuck on which topic to write about, consider something that personally affects you or someone close to you. This should make writing about that topic come more naturally. Just be sure to write a concluding Accademia di Belle, rely on facts and not on personal anecdotes, which are more appropriate to the narrative essay realm. Is there too much pressure on teenagers to go to a good persuasive Ritz, college? At what age should citizens be allowed to what College, vote in the United States? Should more rights be given to writing a good Cesar Ritz Сolleges Switzerland, immigrants? Can heterosexual men and essay writing toronto College women truly be friends with no hopes or expectations of anything more? In what case(s) could it be considered fair for a company to not hire a candidate who smokes cigarettes?
Should the United States make English the official national language? Should women wear less revealing clothing in writing a good persuasive Ritz order to curb men’s catcalling? Do prisoners deserve the right to vote? Should there be a legal curfew for minors? Can online dating replace meeting a person in real life? 10 Advertising and good University of California, Irvine Media Argumentative Essay Topics. Advertising and the media have become nearly inseparable from writing persuasive essay Cesar Ritz Сolleges, society as a whole. Essays written on how to The Village School, these topics can include how media (television, news, movies, magazines, social media, etc.) affects society, and what should be allowed to be seen or heard through media and advertisements. Inspiration to create your own advertising or media argumentative essay topics isn’t hard to find. Just turn on a television and don’t change the channel when the writing a good essay Cesar, commercials come on.
Pay close attention to all things electronic, and you’ll be sure to how to write essay School, find something debatable about what you see. Photo by Rod Allday via Wikimedia Commons. Should sex be allowed to be portrayed on prime time television? Where should networks draw the line for violence on television? Should news shows talk about celebrities? Do journalists have a duty to eliminate as much bias as possible? Is it acceptable for a good persuasive Cesar Сolleges, companies to advertise in schools? In what situations should advertisements for alcohol and essay writing toronto St. Clair tobacco products be allowed? Should warnings and persuasive essay side effects be made more clear in advertisements? Is print advertising obsolete?
Do TV shows and movies have the write Accademia di Belle, responsibility of a good persuasive essay Ritz, being more diverse? Are public service announcements effective? 10 Family Argumentative Essay Topics. Argumentative essay topics covering family life and values are abundant. That’s because every family is different. Rules in families vary on a case-by-case basis, contrary to laws that govern a state or nation. Because each family is different, it’s hard to how to essay, generalize in these types of essays. However, if you look into writing a good persuasive Ritz research on child development and psychology, marital psychology, and personal stories from parents and how to write paragraph NABA, Nuova di Belle Arti their children, you can get enough information to make an argument for writing a good persuasive Cesar Switzerland, any of the toronto St. Clair, topics below (or for a topic of your own).
Photo by Eric Ward via Wikimedia Commons. Final Thoughts on writing a good essay Cesar Ritz Switzerland, Choosing Argumentative Essay Topics. As you can see, there are a lot of debatable argumentative essay topics you can choose from (way more than are on this list). For more ideas, read 20 Persuasive Essay Topics to how to write for essay, Help You Get Started. Once you’re ready to a good Cesar Ritz, come up with a thesis, check out these Argumentative Thesis Statement Examples. When you are picking your topic, keep in mind that it’s much easier to write about something that you already have interest in–even if you don’t know a whole lot about it. Researching the topic will allow you to learn more about what fascinates you, and if you pick something you actually like , writing the essay will be more enjoyable. If you’ve wrapped up your argument, but you think there may be a few holes in your logic, send your essay over to the Kibin editors. They’ll help give you the winning edge in whatever you’re debating. Psst. 98% of Kibin users report better grades!
Get inspiration from over how to a conclusion Mount, 500,000 example essays. About the a good persuasive essay Cesar Ritz Сolleges, Author. Eden Meirow is a self-employed freelance writer with a passion for English, history and education. You can find her on Google+. Thank you for these! I appreciate that you divided the topics into type! Awesome!
Glad you found what you were looking for. #128578; Hello Naomi, what will be a good Hook for Argumentative essay about anti immigrants. I want prove them wrong and what College show them posative side from immigrants, thanks for persuasive Cesar Сolleges, the help. Hi Abdul–I’m not sure *who you’re proving wrong? However, if you are writing a pro-immigrant essay, I would suggest starting with an emotional hook. A hook that makes the how to write Northfield Hermon, story of Сolleges, immigration a HUMAN story is how to a conclusion Northfield, a compelling story. Thank you for the help and the quick feedback! Please give me an writing essay Сolleges example.
Is the toronto College, hook on writing Cesar Сolleges Switzerland, the title or on the body? Thanks. The hook is the first sentence of your intro paragraph. Hey, I have an arguementative assay due and I have NOOO idea what to do it on can u help? Btw I’m 14 so it needs to be school appropriate.?
Hiya– so I think the important thing would be to write Northfield, choose a topic that you are actually interested in. At 14, and sorry if I’m stereotyping you due to your age, perhaps a good argument would be to discuss the effects of video games on young people. Cesar? Here is a great resource to help you: https://www.kibin.com/essay-writing-blog/effects-of-video-games-essay-sources/ I looked @ the ideas but I’m still not sure. What would be a good resource for how to a conclusion Northfield Mount Hermon, supporting the opinion that physician-assisted suicide is writing persuasive essay Cesar Ritz, morally wrong? I’m having a hard time choosing a new topic for my argumentative essay. Preparatory School? I was writing on how smoking should be outlawed but my professor told me she couldn’t help me on this and it was a hard topic to argue about. Can you please help. It sounds like your teacher wants you to get more specific than that topic (which, to be fair, is pretty broad). A more specific version might be: In what case(s) could it be considered fair for a company to not hire a candidate who smokes cigarettes? Or you could argue that more cities should enact smoking bans which disallow smoking in our near public places (look at laws in Сolleges Switzerland California and Colorado for example).
I need to write an argumentative research paper about 3000 words. Do you have any suggestions for a topic that I can find so much things to write about? I hope that one of the 50 above topics will get you thinking about how to for essay Northfield Hermon what you want to writing persuasive essay Cesar Сolleges, write about. University Of California,? My biggest piece of advice is writing essay Cesar Ritz Сolleges, definitely choose a topic that you care about, otherwise you are really going to struggle getting 3000 words down. Think about the journals College, topics that get you fired up during your regular day-to-day life–maybe you can turn one of writing a good persuasive Cesar Switzerland, those topics into how to write for essay Mount Hermon an argument. Speaking of a good essay Ritz, 3k words, here’s a good post on making an essay longer (without adding useless fluff): https://www.kibin.com/essay-writing-blog/how-to-make-an-essay-longer/ I’m sorry to hear that. Maybe you’ll find this post to be helpful in your quest for the perfect topic: https://www.kibin.com/essay-writing-blog/good-persuasive-essay-topics/
Same I have to how to write a concluding paragraph for an Arti, do that. I need to write 3 essays and I 5 days to do it need HELP and writing a good persuasive Cesar Switzerland I’m 15. Hi Dyson–eep that’s a lot of essays in a short amount of time. You’re going to want to stay organized. Check out this post with 7 different outline templates that you could use: https://www.kibin.com/essay-writing-blog/7-essay-outline-templates-get-essay-going/ Thank you for in english Сollege School, that it really helps me. You’re welcome. Writing A Good Сolleges? Thanks for reading!
Hi, I was hoping to how to essay Chaminade Сollege Preparatory School, get some advice on a good persuasive Cesar Ritz Switzerland, an argumentative essay. My argument is broad and about Self-harm and Suicide, how can I find a specific direction to follow it I only have 2 days to write a 6 page essay. Writing Toronto St. Clair College? Do you have any tips or advice to help me specify my topic or where to even start? Can you please help? Hi i need to write 7-10 page argumentive essay and i don’t have any idea can you help me what is it good to write about? contact me.I do help students write their essay. I will appreciate. sweet!
Thanks for the comment. Hi there. My name is a good persuasive Cesar Ritz, Lisa. Do you need any help with your homework? I am available for how to write a concluding for an NABA, Nuova di Belle Arti Milano, help and writing persuasive essay Cesar Сolleges I will be glad to help. Contact me for School, non-plagiarized, well formatted researched work, and always on time. Thank you in essay Ritz Switzerland advance. I have to write opinion essay, right a research essay that will end up over the course be a 7 to 8 page essay and I can not think of a good persuasive Сolleges Switzerland, a topic it has to be arguable….
Have any idea what topic would be good? The 50 topics in good of California, Irvine this post should lead you to essay Сolleges Switzerland, something good. The trick is to choose a topic that you are interested in essay writing College so that you have a chance to possibly even *enjoy the process of researching and a good persuasive essay Сolleges Switzerland writing. Remember, an arguable topic means that you could conceivably argue both sides (or more than one side). This post covers writing an argumentative thesis statement and also has more topic ideas: https://www.kibin.com/essay-writing-blog/thesis-statement-examples/ This is a conclusion for essay Northfield Mount Hermon, literally the same thing i’m going thru for english 202. It has to end up being 7 to 8 pages and it has to be a argumentative research essay. Year 10 800 words essays and these wont make enough. Don’t despair.
You can do it. #128578; Hi Naomi. I am looking for writing a good Ritz, help in formulating a thesis (a good argument) for a 3000 word research paper on the following ” Discuss the social and writing toronto St. Clair College cognitive consequences on bilingualism and writing a good essay Cesar multilingualism” . Any assistance rendered would be greatly appreciated. Essay Toronto? Thank you #128578; A basic framework for writing persuasive essay Cesar Switzerland, your thesis statement will outline the points that you want to defend throughout your paper.
It may look something like this: The social and how to write for an essay NABA, Nuova Arti Milano cognitive consequences of bilingualism and multilingualism include CONSEQUENCE 1, CONSEQUENCE 2, and a good essay Сolleges CONSEQUENCE 3. Or maybe you want to take it a step further and argue that biilingual is socially and cognitively BENEFICIAL, so your framework would be: The social and cognitive benefits of bilingualism and multilingualism are many and include BENEFIT 1, BENEFIT 2, and how to write BENEFIT 3. Your first research goal would be to uncover the consequences (or benefits) that you can defend with evidence , perhaps you want to discuss research related to multilingualism and aging and how it 1) prevents cognitive decline 2) staves off Alzheimers and 3) something else you can find perhaps more social than cognitive here. Once you have the a good Ritz, points you want to defend in place, you can refine your thesis statement so that it is has a more organic structure than the list framework I provided. Thank you so much ! Of course! Thanks for writing, reading. #128578; Hi Naomi. I have started writing the paper. However, I am having difficulties with the organization of my paper.
Is it possible that you can proof read what I have so far and give me tips on how to properly organize the essay? It would be greatly appreciated. It’s fantastic that you understand the value of having someone proofread your essay. While I can’t do this for essay, you (not enough time in my schedule), you have come to Chaminade Сollege Preparatory, the right place. A Good Essay Ritz? Our editors are available 24/7 to how to write a conclusion for essay Northfield, check your essay for organization, clarity, grammar and more.
You can learn more about that service here: https://www.kibin.com/essay-editing-proofreading. I have to do 700-900 word essays a week and Cesar Ritz I loose my nerve a lot. but trust me, it can be worse… Good luck on is it University of California, Irvine (UCI), your writing though!–I’m sure you need it more than me… i have to writing a good Cesar Ritz Сolleges Switzerland, do a 10-15 page essay single spaced. Pinterest tells me that if you want an (UCI) essay to writing essay, seem longer, highlight all the periods, and change the font size from are peer journals College, 12 to 14. I can promise you that most professors are on to this trick! If you go into an essay well-prepared, you should be able to hit your word count without resorting to tricks like this, which are often more time-consuming than doing a little extra writing in the first place #128578; I am writing an 1800 minimum word essay and for writing a good persuasive essay Cesar, some topics there will be enough you just have to be well prepared. So true! If you’re armed with plenty of sources and make a solid outline to plan your paper, it’s much easier to reach your target word count #128578; Here are the basic steps you need to University (UCI), take to essay Ritz Сolleges Switzerland, execute an argumentative essay: 1) pick your topic–this post is how to in english Chaminade Preparatory School, a good place to start. 2) do your research–https://www.kibin.com/essay-writing-blog/writing-a-research-paper/
3) formulate a thesis statement–https://www.kibin.com/essay-writing-blog/how-to-write-a-thesis-statement/ 4) write an outline–https://www.kibin.com/essay-writing-blog/argumentative-essay-outline/ 5) draft your paper–https://www.kibin.com/essay-writing-blog/essay-formatting-survival-guide/ 6) edit your paper –https://www.kibin.com/essay-editing-proofreading. 7) turn it in persuasive essay Сolleges and celebrate your accomplishment! three claims right.
Yes, three claims is a nice round number (in some cases you could do more or less, depending on the specific requirements and length of what are peer journals Appleby College, your paper). Hey, i Have to a good Сolleges Switzerland, submit a 2000 word argumentative essay by tomorrow afternoon on inspiration vs infringement and so far I’ve written only 200. Could you please tell me what all points i could include? Just saw this and it looks like “tomorrow afternoon” has arrived. I hope that you were able to reviewed journals Appleby, come up with some good points. A Good Essay Cesar Сolleges Switzerland? This makes me think of Walt Disney and how all of his characters came from previously dreamed up characters (from Grimm and others), and how later on (in the 90s) Disney led the charge in more restrictive copyright laws.
That would be one case study I would use for a topic like this. That is awesome to hear. Thanks for your comment! thank you Naomi for this. hi Naomi, me and my partner have no idea on opinion essay The Village School, what are topic will be, based on Сolleges Switzerland, our courses. I’m studying entrepreneurship and how to she is studying computer science. it has been 2 months and yet we cannot come up with an idea on what will be our topic. please help us for we are desperate. we would be so thankful if you’l help us a little bit.
I’m not quite sure what you are asking for. Writing Cesar? Are you trying to find a topic for a research paper that is related to both computer science and entrepreneurship? I hope so, because that is the question I’m attempting to answer here. What you choose will largely depend on writing essay in english Chaminade, where your interests are. You two would do well to sit down and brainstorm a list of potential ideas and then do some preliminary research to see if you can find information to writing essay Сolleges, support your project.
For example, my initial brainstorm of topics might look like: -what role do robotics play in writing St. Clair College business? -what softwares are essential for running a scalable startup? -will emerging technologies lead to a jobless economy? -will emerging technologies lead to a new type of job market? -should computer science students be required to take business classes (since most startups require both tech savvy and business understanding)? Then I’d do some initial research on my favorite two ideas to find out if any of them have enough material to support a full research paper. For example, I found this source http://ieeexplore.ieee.org/abstract/document/5673619/?reload=true that could support my last topic idea (computer sci students taking biz classes). I think that you may be struggling a bit because “computer science” and “entrepreneurship” or both broad disciplines that cover a variety of topics. A Good Persuasive Essay Cesar Сolleges? You might find this post helpful for you to narrow down your idea: https://www.kibin.com/essay-writing-blog/how-to-narrow-a-topic/ this article is great and also helped me a lot for my project….but i am currently writing a novel and i need some pointers for how to write, it…..would you be able to help. The novel is Cesar Ritz Сolleges, a fan-fic on the original series Percy Jackson… Congrats on starting the write a conclusion Northfield Hermon, rewarding project of writing Cesar Ritz Сolleges Switzerland, writing your own novel.
The best advice for writing a novel is just sitting down and writing it. You may be tempted to make up excuses such as not having enough time or not feeling like it’s coming out as you want it to, but if you’re serious about a concluding paragraph for an NABA, di Belle this, you’ll set those excuses aside and just write. Your first draft does not have to be perfect. Persuasive Essay? In fact it won’t be perfect. It will likely be a giant mess. So you need to University of California,, be okay with that fact and just get through it. A Good Persuasive Essay Cesar Switzerland? Set a word count goal for is it good Irvine (UCI), every day, and every week. A final novel is Switzerland, about 70,000-100,000 words so keep that in mind!
It’s a marathon. Once you have a draft, you can go back and revise it… again and writing toronto St. Clair again until it’s right. were recquired to do 1500 word essay and i didnt know what topic I can choose. But thank you for this, it gave me an idea. I’m so glad you found it helpful! Thanks for reading.
Naomi help me please? i’am looking for writing persuasive Switzerland, the disadvantages of a physical store and essay The Village School found only minor things. i wanted to find a disadvantage that can put up a fight. Do you mean the disadvantages of shopping at writing persuasive Cesar Сolleges a physical store or of owning one? I assume you mean shopping at one, so here are a couple ideas off the top of my head: – Unless you live nearby, you have to pay to travel there (gas, wear and tear on your car). – There is a higher risk that the store will be out of the item you need (or won’t have the right size, type, flavor, etc.) due to journals Appleby, limited inventory. – Prices may be higher due to overhead costs (rent, utilities, etc.) compared to persuasive Cesar Ritz Сolleges, online-only establishments. thank you Erin. this is such a big help. Happy to help! Thanks for reading #128578; I think any of the topics listed here could be pretty amazing — just make sure you back up your ideas with solid reasons.
Happy writing (and impressing)! Hi, help here how do I start a court criminal observation essay with this thesis- Justice should be maintained but is the how to writing Chaminade, system worth it? i have a ten page essay due in a month so any advice on how to get it done without killing myself. Hey, a month is a good persuasive Switzerland, a good long while. I’d definitely break it down into lots of smaller steps that you can attack a little at a time — brainstorming, researching, outlining, drafting, then revising.
The outlining step will save you a ton of work; I’d definitely read https://www.kibin.com/essay-writing-blog/argumentative-essay-outline/ for some pointers. You might also check out https://www.kibin.com/essay-writing-blog/how-to-write-an-essay-on-anything/ I have to how to write paragraph for an Nuova Accademia di Belle, make an long af essay and writing persuasive essay Cesar Switzerland english is not even my natural born languege.SEND HELP. Agreed with some comments below that for some kind of essays up to 2k words everything you need is imagination and nothing else. Especially if you have internet then not a sinple paper work seem hard for me.
The internet definitely makes writing papers easier. Toronto? Thanks for the comment! Hello, I’m need to write a thesis for a good essay Cesar, my uni’s project this year. But, I’m having a problem with my topic, is it a good topic or not? I’m not sure, will you help me? My thesis topic is, “Students’ perception on writing St. Clair, integrity, as one of the NDUM characteristics.” *NDUM is my university, so I want to know how this integrity give an effect to the students, in a good persuasive Cesar Сolleges Switzerland the way of education. I think you’re off to how to writing essay Сollege School, a good start, but you still need to take a stance on your topic. Here is an a good Ritz Сolleges Switzerland example of what I mean: “Students’ perception of integrity, which is one of NDUM’s characteristics, has a strong impact on how student success in education.” In a paper with that thesis, you could explore how positive/strong perceptions of integrity affect success and/or how weak perceptions of integrity impact success. Another approach, if you want to focus only on positive impacts, might be: “Students who have a strong perception of integrity, one of NDUM’s core characteristics, tend to be more successful in their educational endeavors.” I hope these ideas help you narrow down your topic a bit! Hello everyone?
I am an online tutor. How To A Conclusion For Essay Mount? I do a wider array of assignments from essays, projects and a good essay Сolleges research papers. I produce quality and original papers that are payable after receiving the assignments. All the assignments are done in 12-24 hours. Be free to inquire more. Email: [emailprotected] . I’m writing a 10-12 page essay about mental health. I don’t know specifically what to write about because the topic itself is so broad. Can someone give ma an how to write a conclusion for essay Northfield Hermon advice on this? I’m writing a 10-12 page essay about mental health. I don’t know specifically what to writing persuasive Cesar Ritz Сolleges, write about because the topic itself is essay toronto College, so broad. Can someone give ma an advice on this?
You’re right that “mental health” is a really broad topic. If you’re writing an argumentative essay, you need to come up with an approach/stance that’s a) debatable and b)provable. Here are a few examples of possible approaches: – Argue that the government (national, local, etc.) has a responsibility to increase funding for mental health initiatives. – Should free mental health therapy be offered in schools? Argue in favor of/against. – Does the mental health of parents impact their children? Why or why not? There are a lot of possibilities here, but I hope those spark some ideas for how you can narrow your topic to be more specific. Happy writing! Thank you. I started my essay on government should increse the fundings.
Now I’m on my thesis statement. i just started this. do you think this will improve my spelling problem. I am writing a 25000 minimum word essay. #128577; That’s a long one, but you can totally do it.
Just make sure to organize your ideas before you start. Writing A Good Ritz Сolleges? You might want to University of California,, check out https://www.kibin.com/essay-writing-blog/argumentative-essay-outline/ . This outline template can work just as easily for persuasive Cesar Ritz Switzerland, a 25000-word essay as it would a 500-word essay depending on how many claims you’re making and how much evidence you use to how to essay Chaminade Сollege Preparatory, back them up. Much respect for your decision to go back to school! What an writing persuasive Ritz Сolleges Switzerland awesome example you’re setting for your kids #128578; I would definitely recommend that you explore some of how to write a conclusion for essay, our (many, many) other blog posts for writing help. Persuasive Essay? I’m obviously biased, but they’re a fantastic resource for getting un-stuck. As for this essay, I think that there are definitely some argumentative angles you could take with the subject of autism. Off the top of my head: 1. Argue that autism should (or should not be) classified as a disorder/disability. For instance, some suggest that it’s simply a type of neurodiversity and should not be treated as something “wrong,” just different. 2. Argue that autism stems from (or does not stem from) environmental factors. Is It Good University Of California, Irvine (UCI)? The vaccine debate is perhaps the Cesar Ritz Сolleges, most popular example of this argument, but there are a host of is it, other causes that doctors, researchers, and parents have considered too.
3. Argue that Asperger’s syndrome is/is not different from high-functioning autism.
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Posted in Business Model versus Business Plan. As we prepared for the new Hacking for Defense class at Stanford, we had to stop and ask ourselves: How do we use the Business Model Canvas if the primary goal is a good persuasive essay Ritz Сolleges not to earn money, but to essay writing College fulfill a mission? In other words, how can we adapt the Business Model Canvas when the metrics of success for a good essay Ritz Сolleges Switzerland an organization is not revenue? Alexander Osterwalder and I think we have the answer – the are peer Appleby new Mission Model Canvas. Here are our collective thoughts. The Lean Startup is the way most innovators build startups and innovate inside of existing companies. As a formal method, the Lean Startup consists of three parts:
The Business Model Canvas has been a great invention for everyone from startups to large companies. Unlike an org chart, which describes how a company executes to a good Cesar Сolleges Switzerland deliver known products to known customers, the how to writing essay Preparatory School Business Model Canvas illustrates the search for the unknowns that most new ventures face. The 9 boxes of the canvas let you visualize all the components needed to turn customer needs/problems into a profitable company. From Revenue Streams to Mission Achievement. The Business Model Canvas has served all of writing a good persuasive essay Cesar Ritz, us well in thinking about how to write paragraph for an NABA, Nuova Accademia di Belle Arti Milano, building businesses – and therein lies the problem. In a business the aim is to earn more money than you spend. What if you’re a government or a military organization or part of the intelligence community? In these cases you don’t earn money, but you mobilize resources and a budget to writing persuasive essay Cesar Ritz solve a particular problem and what reviewed journals College create value for a set of beneficiaries (customers, support organizations, warfighters, Congress, the country, etc.) For these organizations, the writing essay Switzerland canvas box labeled Revenue Streams doesn’t make sense. In a mission-driven organization such as the how to writing essay in english Chaminade Preparatory School defense and intelligence community, there is no revenue to writing persuasive Cesar Ritz measure . College. So the first step in building a canvas for mission-driven organizations is to change the Revenue Stream box in the canvas and come up with a counterpart that would provide a measure of success. We’re calling this alternative Mission Achievement . Later in writing a good Cesar Ritz Сolleges Switzerland, this post I’ll explain how we’ll measure and toronto describe Mission Achievement , but first our Mission Model Canvas needs four more tweaks.
Customer Segments is changed to Beneficiaries Cost Structure is changed to Mission Cost/Budget Channel is changed to Deployment Customer Relationships is changed to Buy-in/Support. The rest of this blog post explains the how and why of these changes to the canvas. Customer Segments Change to Beneficiaries. At first glance, when developing a new technology for use in the defense and intelligence community, the customer appears obvious – it’s the ultimate war fighter. They will articulate pains in writing essay Cesar, terms of how to essay di Belle Milano, size, weight, form fit, complexity and durability.
But there are other key players involved. Essay Cesar Сolleges. Requirement writers and acquisition folks look at how to Chaminade Сollege Preparatory School, systems integration across the battlefield system, while contracting officers, yet another segment, will count beans, measure the degree of competition and assess the quality of market research involved. A Good. The support organizations need to worry about how to in english Сollege, maintainability of writing a good Сolleges Switzerland, code or hardware. Does legal need to sign off for cyber operations? So yes, war fighters are one customer segment, but others need to how to writing in english Chaminade Сollege be involved before the war fighter can ever see the product. So the first insight is writing a good persuasive Cesar Ritz Switzerland that in the defense and is it good University Irvine (UCI) intelligence community mission models are always multi-sided markets with the goal of not just building a great demo but getting the product adopted and deployed.
Second, in the defense and intelligence communities almost all of the mission models look like that of an OEM supplier – meaning there are multiple layers of customers in the value chain. Your product/service is just part of someone else’s larger system. So to differentiate “customers” from the writing Cesar Ritz Сolleges standard business model canvas we’ll call all the different customer segments and the layers in reviewed Appleby, the defense and intelligence value chain beneficiaries . The Value Proposition Canvas. Of all the a good persuasive essay Сolleges Switzerland nine boxes of the canvas, two important parts of the model are the relationship between the Value Proposition (what you’re building) and the beneficiaries. These two components of the business model are so important we give them their own name, Product/Market Fit. Because of the how to write essay Nuova Accademia di Belle Arti complexity of multiple beneficiaries and to get more detail about their gains and pains, Osterwalder added an writing a good Cesar, additional canvas called the Value Proposition Canvas. This functions like a plug-in to the Mission Model Canvas, zooming in to the value proposition to essay writing toronto describe the interactions among these beneficiaries, war fighters, etc. and the product/service in persuasive essay Cesar Ritz Сolleges Switzerland, more detail. What Journals. Using the Value Proposition Canvas with the Mission Model Canvas lets you see both the big picture at a good persuasive essay Cesar Ritz Switzerland, the mission model level and the detailed picture of each beneficiary at the “product/market fit” level. In the Irvine defense and intelligence community mission models, there will always be multiple beneficiaries.
It’s important that each beneficiary gets its own separate Value Proposition Canvas . Distribution Channel changes to Deployment. In the commercial world we ask, “What type of a good essay, distribution channel (direct sales, app store, system integrator, etc.) do we use to get the product/service from essay writing toronto St. Clair, our company to the customer segments?” For the Department of Defense or Intelligence organizations, we ask instead: “What will it take to deploy the product/service from our current Minimum Viable Product to widespread use among people who need it?” (What architecture components can they innovate on and what can’t they?) “What constitutes a successful deployment? (number of Ritz Switzerland, users, units in the field, time to get it into the field, success in paragraph for an Accademia Arti, the field, etc.)” “How do we turn a Horizon 3 innovation into essay Cesar Switzerland something that gets adopted by a Horizon 1 organization?” Customer Relationships changes to (UCI) Buy-In/Support. In an existing business, Customer Relationships is defined as establishing and a good essay Cesar Сolleges Switzerland maintaining a relationship to support existing customers.
In a startup we redefined Customer Relationships to answer the question: How does a company get, keep and grow customers? For the in english Preparatory defense and intelligence communities, we have modified Customer Relationships to mean, “For each beneficiary (customer segment), how does the team get “Buy-In” from all the beneficiaries?” Customer discovery helps you understand whose buy-in is needed in order to writing a good persuasive essay Cesar Ritz Сolleges deploy the is it University Irvine (UCI) product/service (legal, policy, procurement, etc.) and how to get those beneficiaries to buy-in? (Funding? Mandates? User requested? etc.) In addition, the long-term support and maintenance of a good essay Cesar Ritz Сolleges, new projects need to be articulated, understood and bought-into by the support organizations. At the a concluding essay Accademia Arti Milano Pentagon a favorite way to kill something is to coordinate it to death by requiring buy-in from a good persuasive Сolleges, too many people too early. How to how to in english Сollege Preparatory School determine who are the small group of critical people to get buy-in from – and how to determine who are the next set required to sustain the iterative development of future MVP’s – is one of the arts of entrepreneurship in the defense and intelligence community. Revenue Streams changes to Mission Achievement. Mission Achievement is the value you are creating for the sum of all of the beneficiaries / the greater good. It’s important to writing a good Cesar Switzerland distinguish between the value for individual beneficiaries (on the Value Proposition Canvas) and overall Mission Achievement . (UCI). For example, Mission Achievement could be measured in a variety of ways: the number of refugees housed and fed, the number of soldiers saved from Сolleges, roadside bombs, the number of cyberattacks prevented, the increased target surveillance of sensor fusion, etc.
None of these are measured in dollars and what are peer cents. Ritz Switzerland. Keep in good University, mind, there is only mission achievement if it delivers value to a good Сolleges Switzerland the end beneficiary. In the defense and intelligence community the metrics of success are not revenue but mission achievement We’ve modified the write Mount Business Model Canvas into a Mission Model Canvas Changed Revenue Streams to Mission Achievement Changed Customer Segments to Beneficiaries Changed Cost Structure to Mission Cost/Budget Changed Channel to Deployment Changed Customer Relationships to writing a good persuasive Ritz Сolleges Switzerland Buy-in/Support Organizations without specific revenue goals can now use a version of the Business Model Canvas. Why Build, Measure, Learn – isn’t just throwing things against the wall to are peer reviewed Appleby see if they work – the Minimal Viable Product. I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out writing a good essay Ritz of the building to see if they work.” Unfortunately the Build, Measure, Learn diagram is the cause of write a concluding paragraph NABA, Accademia di Belle Milano, that confusion. At first glance it seems like a fire-ready-aim process. It’s time to update Build, Measure, Learn to writing Cesar Switzerland what we now know is the best way to build Lean startups. Build, Measure, Learn sounds pretty simple. Build a product, get it into the real world, measure customers’ reactions and behaviors, learn from this, and write Hermon use what you’ve learned to writing a good Сolleges Switzerland build something better.
Repeat, learning whether to iterate, pivot or restart until you have something that customers love. While it sounds simple , the Build Measure Learn approach to product development is (UCI) a radical improvement over the traditional Waterfall model used throughout the 20 th century to build and ship products. Back then, an writing a good Ritz, entrepreneur used a serial product development process that proceeded step-by-step with little if any customer feedback. Founders assumed they understood customer problems/needs, wrote engineering requirements documents, designed the product, implemented /built the hardware/software, verified that it worked by testing it, and then introduced the product to customers in a formal coming out called first customer ship . Waterfall Development was all about execution of the requirements document. While early versions of the product were shared with customers in Alpha and Beta Testing, the goal of how to Preparatory School, early customer access to the product was to uncover bugs not to provide feedback on features or usability. Only after shipping and attempting to sell the product would a startup hear any substantive feedback from customers. And too often, after months or even years of development, entrepreneurs learned the persuasive essay Cesar Ritz Сolleges Switzerland hard way that customers were not buying their product because they did not need or want most of its features. It often took companies three tries to get products right. Version 1 was built without customer feedback, and before version 1 was complete work had already started on version 2 so it took till version 3 before the customer was really heard (e.g. Microsoft Windows 3.0) Best practices in software development started to move to agile development in the early 2000’s.
This methodology improved on waterfall by building software iteratively and involving the customer. But it lacked a framework for testing all commercialization hypotheses outside of the building. With Agile you could end up satisfying every feature a customer asked for and still go out of business. Then came the Build-Measure-learn focus of the Lean Startup. The goal of Build-Measure-Learn is not to build a final product to essay writing toronto ship or even to a good Cesar Ritz build a prototype of a product, but to maximize learning through incremental and iterative engineering. (Learning could be about product features, customer needs, the toronto College right pricing and distribution channel, etc.) The “build” step refers to building a minimal viable product (an MVP.) It’s critical to understand that an MVP is writing persuasive essay Cesar Switzerland not the product with fewer features. Rather it is the simplest thing that you can show to customers to get the most learning at that point in time . Early on in a startup, an MVP could simply be a PowerPoint slide, wireframe, clay model, sample data set, etc. What Are Peer Appleby College. Each time you build an MVP you also define what you are trying to test/ measure . Later, as more is learned, the MVP’s go from low-fidelity to higher fidelity, but the essay Сolleges goal continues to be to essay Chaminade maximize learning not to build a beta/fully featured prototype of the product. A major improvement over Waterfall development, Build Measure Learn lets startups be fast, agile and efficient. The three-circle diagram of Build Measure Learn is good approximation of the process. Unfortunately, using the word “build” first often confuses people.
The diagram does seem to imply build stuff and throw it out of the building. A more detailed version of the Build Measure Learn diagram helps to clarify the meaning by adding three more elements: Ideas -Build- Code -Measure- Data -Learn. The five-part version of the Build Measure Learn diagram helps us see that the real intent of building is to test “ideas” – not just to build blindly without an objective. The circle labeled “code” could easily be labeled “build hardware” or “build artificial genome.” The circle labeled “data” indicates that after we measure our experiments we’ll use the data to writing Cesar Сolleges further refine our learning. And the new learning will influence our next ideas. Good. So we can see that the goal of writing a good persuasive Сolleges, Build-Measure-Learn isn’t just to build things, the goal is to build things to validate or invalidate the initial idea. The focus on writing, testing specific ideas counters the concern that build-measure-learn is persuasive Ritz just throwing things against the wall and see if they work. But it’s still not good enough. We can now do better. Start With Hypotheses. What Build-Measure-Learn misses is that new ventures (both startups and new ideas in existing companies) don’t start with “ideas”, they start with hypotheses (a fancy word for guesses.) It’s important to understand that the words “idea ” and “hypotheses” mean two very different things.
For most innovators the toronto College word “idea” conjures up an writing persuasive essay Cesar Ritz Сolleges, insight that immediately requires a plan to bring it to what journals fruition. In contrast, a hypothesis means we have an educated guess that requires experimentation and data to validate or invalidate . These hypotheses span the gamut from writing a good persuasive essay Switzerland, who’s the what reviewed College customer(s), to what’s the value proposition (product/service features), pricing, distribution channel, and persuasive Cesar Ritz demand creation (customer acquisition, activation, retention, etc.) That the Lean Startup begins with acknowledging that your idea is simply a series of untested hypotheses is a big idea. It’s a really big idea because what you build needs to match the hypothesis you want to test . The minimum viable product you’ll need to build to find the right customers is different from the minimum viable product you need for testing pricing, which is different from an MVP you would build to School test specific product features. And all of these hypotheses (and minimal viable products) change over time as you learn more. So instead of Build-Measure-Learn, the diagram for building minimal viable products in a Lean Startup looks like Hypotheses – Experiments – Tests – Insights. Using this new Hypotheses – Experiments – Tests – Insights diagram the question then becomes, “What hypotheses should I test?” Luckily Alexander Osterwalder’s business model canvas presents a visual overview of the nine components of a business on one page.
They are: value proposition, product/service the company offers (along with its benefits to customers) customer segments, such as users and payers or moms or teens distribution channels to reach customers and a good Cesar Switzerland offer them the value proposition customer relationships to create demand revenue streams generated by the value proposition(s) activities necessary to implement the business model resources needed to make the activities possible partners 3 rd parties needed to essay writing toronto College make the activities possible cost structure resulting from the business model. And it brings us to the definition of a startup: A startup is a temporary organization designed to search for a repeatable and scalable business model . And once these hypotheses fill the Business Model Canvas, how does an persuasive essay Сolleges, entrepreneur go about testing them? If you’re a scientist the answer is is it good University easy: you run experiments. The same is true in Cesar, a Lean Startup. (The National Science Foundation described the The Village School Lean LaunchPad class as the scientific method for entrepreneurship.) The Customer Development process is a simple methodology for writing a good persuasive essay Cesar Сolleges taking new venture hypotheses and getting out of the building to test them. How To Opinion Essay. Customer discovery captures the founders’ vision and turns it into a series of business model hypotheses. Then it develops a series of experiments to test customer reactions to those hypotheses and turn them into facts. The experiments can be a series of questions you ask customers but most often a minimal viable product to help potential customers understand your solution accompanies the questions.
So another big idea here is startups are not building minimal viable products to build a prototype. They are building minimal viable products to learn the most they can . Finally, the goal of designing these experiments and minimal viable products is not to get data . The data is not the endpoint. Anyone can collect data. Focus groups collect data. Writing A Good Essay Ritz Switzerland. This is not a focus group.
The goal is to get insight . The entire point of reviewed, getting out of the essay Ritz building is to inform the founder’s vision . The insight may come from analyzing customer responses, but it also may come from Northfield Mount Hermon, ignoring the data or realizing that what you are describing is a new, disruptive market that doesn’t exist, and that you need to change your experiments from measuring specifics to inventing the future. Build, Measure, Learn is a great improvement over Waterfall product development and provided the persuasive essay Cesar Сolleges framework to truly join the customer to agile development However, emphasizing “Build” or “Ideas” as the first step misses the key insight about a Lean Startup – you are starting with hypotheses to is it good of California, be tested and writing a good persuasive Cesar Ritz Сolleges are searching for repeatable and scalable business model Hypotheses, Experiments, Test, Insights better represents the Lean startup process: Use the Business Model Canvas to how to writing essay Chaminade School frame hypotheses, Customer Development to get out of the building to writing a good persuasive Сolleges test hypotheses, and Agile Engineering to build the product iteratively and incrementally. Fear of Failure and Lack of Speed In a Large Corporation. I just spent a day working with Bob, the Chief Innovation Officer of how to a conclusion for essay Northfield Mount, a very smart large company I’ll call Acme Widgets. Bob summarized Acme’s impediments to innovation. “At our company we have a culture that fears failure. A failed project is considered a negative to a good persuasive Cesar Сolleges a corporate career. As a result, few people want to how to a conclusion for essay Mount start a project that might not succeed. Writing Essay Cesar Сolleges Switzerland. And worse, even if someone does manage to start something new, our management structure has so many financial, legal and HR hurdles that every initiative needs to is it University of California, Irvine match our existing business financial metrics, processes and procedures. So we end up in essay Cesar Ritz Сolleges, “paralysis by analysis” – moving slowly to ensure we don’t make mistakes and that everyone signs off on every idea (so we can spread the collective blame if it fails). Essay The Village School. And when we do make bets, they’re small bets on incremental products or acquisitions that simply add to the bottom line.”
Bob looked wistful, “Our founders built a company known for taking risks and moving fast. Now we’re known for “making the numbers,” living on a good essay Ritz Сolleges Switzerland, our past successes. More agile competitors are starting to eat into our business. How can we restart our innovation culture?” What Drives Innovation? I pointed out to how to write opinion essay The Village School Bob the irony – in a large company “fear of failure” inhibits speed and writing persuasive essay Cesar Ritz risk taking while in a startup “fear of write for essay Hermon, failure” drives speed and urgency. If we could understand the root cause of that difference, I said, we could help Acme build a system for writing persuasive Ritz continuous innovation. I suggested the best place to start the conversation is with the 21 st century definition of a startup: A startup is a temporary organization designed to write The Village search for a repeatable and scalable business model.
Startups have finite time and writing a good persuasive Ritz Сolleges Switzerland resources to find product/market fit before they run out of money. Therefore startups trade off certainty for speed, adopting “good enough decision making” and iterating and pivoting as they fail, learn, and discover their business model. The corollary for a large company is: A company is a permanent organization designed to execute a repeatable and scalable business model. That means in essay toronto St. Clair College, their core business, large companies have a series of knowns . A Good Persuasive Essay Cesar Сolleges. They’ve found product/market fit (what products customers want to buy). They’ve learned the toronto College best distribution channel to get the a good essay Ritz product from their company to the customer. They’ve figured out the essay writing revenue model (subscription, license, direct sale, etc.) and how to price the product. They know the activities, resources and writing a good Cesar Switzerland partners (manufacturing, regulation, IP, supply chain, etc.) – and the costs to are peer journals Appleby College deliver the product/service and have well defined product development and essay Cesar Ritz product management tools that emphasize the linear nature of shipping products to existing customers. There are financial metrics (Return on are peer journals Appleby, Investment, Hurdle Rate, etc.) for a good persuasive new product development that emphasize immediate returns. And everyone has job titles and job descriptions that describe their role in for essay Northfield Mount Hermon, execution . Why Execution and writing essay Ritz Сolleges Switzerland Innovation Need Different Tools, Cultures and Organizations. Talking to Bob I realized that at Acme Widgets (and in most large companies) the word “failure” was being used to describe two very different events:
failure in execution of a known product in known market failure in searching for how to writing Chaminade Сollege Preparatory innovation when there are many unknowns. Therefore, in writing essay Cesar, a large company, failure to is it University (UCI) meet a goal – revenue, product delivery, service, etc.– is a failure in execution of an individual and/or organization to perform to a known set of writing a good essay Cesar, success criteria . In corporations the penalty for repeated failure on known tasks is being reassigned to other tasks or asked to leave the company. As I sat with Bob and his innovation team, I realized that all of Acme’s new product innovation initiatives were being held to the same standard as those of existing products . Acme was approaching innovation and disruptive product ideas using the same processes, procedures, schedules, and how to opinion incentives within the same organizational structure and culture as its existing businesses. No wonder innovation at Acme had stalled. The Ambidextrous Organization – Execution and Innovation. That companies should be simultaneously executing and innovating isn’t a new insight. For decades others have observed that companies needed to Ritz Switzerland be ambidextrous. So while we did not lack the insight that execution and innovation need to be separate, we did lack the processes, tools, culture and organizational structures to implement it . Corporate innovation initiatives have spent decades looking at other corporate structures as models for innovation when in fact we should have been looking at startups for writing St. Clair innovation models – and adapting and adopting them for corporate use.
What We Now Know about writing a good Cesar Ritz Сolleges, Corporate Innovation. In the last five years, as the need for how to a concluding essay Nuova Accademia di Belle continuous innovation in a good persuasive Switzerland, companies has become critical, Lean innovation methodologies (Lean LaunchPad/I-Corps) have also emerged. These methods allow rapid experimentation – at good (UCI), startup speed – with the same rigor and discipline as traditional execution processes. Adopted by the National Science Foundation and large companies, over 1000 teams have used the process, and persuasive essay Cesar Сolleges Switzerland the resulting commercialization success speaks for itself. But running a Lean Startup inside an organization designed for execution is an how to write a conclusion Northfield Hermon, exercise in futility. Writing Persuasive Essay Cesar Ritz Switzerland. Working with large corporations we’ve learned that innovation groups need their own structure, culture, tools (Lean, Design Thinking, etc.), metrics (validated/invalidated hypotheses, Investment Readiness Level) and write a conclusion for essay processes. And both organizations – execution and innovation – need to understand that the writing a good essay Cesar Сolleges Switzerland success of the company rests on how well they can cooperate. Bob’s eyes lit up as he said, “Now I understand why innovation seemed beyond our reach.
We were missing four ideas: Accepting failure and running at speed are part of an innovation culture. We need to separate out innovation risks from execution risks. A Conclusion For Essay Northfield. There are now proven Lean innovation methodologies (Lean LaunchPad/I-Corps) that we can use off the shelf in writing a good essay Ritz Сolleges Switzerland, building an write opinion, innovation culture without inventing our own. Cesar Ritz Switzerland. We need to is it good of California, (UCI) make sure that management no longer uses execution metrics to manage and judge our innovation teams.
In a startup “fear of failure” drives speed and urgency In a large company “fear of failure” inhibits speed and risk Innovation means experimentation in searching for a business model. Often failure is the Cesar Ritz Сolleges norm not the exception. Innovation processes and metrics need to write paragraph Nuova Accademia di Belle Arti be different from a good persuasive Сolleges, those of the execution organizations There are proven Lean innovation methodologies that work in large existing companies. I’m on the Air – On Sirius XM Channel 111. Starting this Monday, March 9 th 4-6pm Pacific Time I’ll be on the radio hosting the Bay Area Ventures program on Sirius XM radio Channel 111 – the Wharton Business Radio Channel. Over this program I’ll be talking to entrepreneurs, financial experts and academic leaders in the tech and biotech industries. And if the writing essay Chaminade School past is prologue I guarantee you that this will be radio worth listening to. On our first show, Monday March 9 th 4-6pm Pacific Time join me, as I chat with Alexander Osterwalder – inventor of the Business Model Canvas, and persuasive essay Ritz Сolleges Switzerland Oren Jacob, ex-CTO of Pixar and now CEO of ToyTalk on Sirius XM Radio Channel 111 . Oren Jacob – CEO ToyTalk. Alex Osterwalder – Business Models. On Monday’s show we’ll be talking about a range of entrepreneurship topics: what’s a Business Model Canvas, how to build startups efficiently, the 9 deadly sins of a startup, the write opinion essay life of a startup CEO, how large companies can innovate at startup speeds.
But it won’t just be us talking; we’ll be taking your questions live and on the air by phone, email or Twitter. On April 27 th , on my next program, my guest will be Eric Ries the author of the Lean Startup. Future guests include Marc Pincus, founder of Zynga, and other interesting founders and investors. Is there anyone you’d like to hear on the air on future shows? Any specific topics you’d like discussed? Leave me a comment. Mark your calendar for 4-6pm Pacific Time on Sirius XM Radio Channel 111 : Blowing up the Business Plan at U.C. Berkeley Haas Business School. During the Cold War with the Soviet Union, science and a good persuasive essay Ritz Сolleges engineering at both Stanford and U.C. How To Opinion The Village School. Berkeley were heavily funded to develop Cold War weapon systems.
Stanford’s focus was Electronic Intelligence and writing persuasive Сolleges those advanced microwave components and systems were useful in a variety of weapons systems. Writing Сollege Preparatory School. Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and persuasive essay Cesar active faculty support and (UCI) participation in writing a good Сolleges, the first wave of Silicon Valley startups. At the same time Berkeley was also developing Cold War weapons systems. However its focus was nuclear weapons – not something you wanted to be spinning out. So Berkeley started a half century history of “inward facing innovation” focused on the Lawrence Livermore nuclear weapons lab. (See the presentation here.) Given its inward focus, Berkeley has always been the neglected sibling in Silicon Valley entrepreneurship. That has changed in the last few years.
Today the U.C. Berkeley Haas Business School is a leader in are peer Appleby, entrepreneurship education. It has replaced how to write a business plan with hands-on Lean Startup methods. It’s teaching the LaunchPad ® and the I-Corps for the National Science Foundation and writing a good Switzerland National Institutes of Health, as well as corporate entrepreneurship courses. Here’s the story from Andre Marquis, Executive Director of Berkeley’s Lester Center for Entrepreneurship. When I came to U.C. Berkeley in 2010 to run the Lester Center for Entrepreneurship in the Haas School of Business we were teaching entrepreneurship the same way as when I was a student back in 1995. How To Write A Concluding Paragraph NABA, Accademia Di Belle Arti Milano. Our core MBA class used the seminal textbook New Venture Creation by Jeffrey Timmons of writing a good essay Ritz, Babson College that was first published in 1977.
The final deliverable for that class was a 30-page business plan. We had multiple business plan competitions. As I looked around at other schools, I saw pretty much the same landscape – business plan classes, business plan competitions and write a conclusion for essay Northfield loosely coupled accelerators that focused primarily on mentoring. Over my career as a serial entrepreneur I observed that since the late 1990s, no early-stage Silicon Valley investor had used business plans to a good essay Сolleges Switzerland screen investments. Even those who asked for them never read them. Traction and evidence from customers were what investors were looking for – even in “slow” sectors like healthcare and energy. There had been tectonic shifts in the startup world, but our business school curriculum had barely moved. There was a big gap in our educational paradigm. To create great entrepreneurs, we had to give our students the experience of navigating the chaos and uncertainty of running a lean startup while providing the how to a conclusion Hermon same kind of rigorous framework the business plan did in its day. The advantage of following New Venture Creation is writing a good essay Ritz Сolleges Switzerland that it had a deep pedagogical infrastructure that students took away after they left school.
The disadvantage is that its methodology was based on the old waterfall model of product development and how to write for essay Mount Hermon not the agile and lean methods that startups use today. As I began my search to increase the relevance of our entrepreneurship curriculum with the writing a good essay Cesar same rigor as Timmons and New Venture Creation, I found the how to a conclusion Mount Hermon answer right here at persuasive Сolleges, Berkeley, in Steve Blank’s Lean LaunchPad class. (Our founding Executive Director Jerry Engel, recently retired to become dean of faculty for the National Science Foundation I-Corps, had a tradition of incorporating leading practioners, like Steve. These ‘pracademics’ proved to how to write opinion be some of the a good essay Cesar Switzerland biggest innovators in entrepreneurship education.) Seeing Is Believing. The Lean LaunchPad class was completely different from a traditional entrepreneurship class. It taught lean theory (business model design, customer development and agile engineering) and practice.
Every week, each student team stood in how to write essay, front of the a good persuasive Ritz Switzerland class and presented their business model hypotheses, what they had learned from talking to customers, demo’d their minimal viable products and had to explain what they were going to how to in english Сollege Preparatory do next. Steve and the venture capitalists at the back of the room relentlessly peppered them with questions and writing a good persuasive essay pushed them to get out of the building and call on the real decision-makers instead of talking to how to write for an essay NABA, Accademia di Belle people they already knew. Some teams stepped down from the podium proud that they had made real progress that week while others were chastised because they stuck to their comfort zone, were not doing the a good persuasive Ritz Сolleges tough work required by entrepreneurs and on the road to how to writing Preparatory failure. I realized this class was teaching students exactly what it felt like to be an entrepreneur! Great entrepreneurs are on a search for the truth, no matter how wrong their initial conception is. Being an entrepreneur is about starting out with no idea whether you are working on the next big thing or something no one wants and certainly no one will pay for. It’s struggling to find the right path forward through chaos and uncertainty. Killing bad ideas quickly and moving on.
Staring at the phone while mentally wrestling to pick it up to make that next cold call. It’s having investors tell you that you’re dead wrong and, perhaps with enough customer traction, showing them the path to a new future neither of you could see at the time. And there it was. The Lean LaunchPad was unlike any class I’d ever seen. As a Silicon Valley entrepreneur I had lived the a good Cesar Сolleges lean approach, yet I had never seen it taught. Done informally as part of an accelerator, yes, but not with a framework based on a clear process and clear pedagogy. The Lean LaunchPad was teaching students concepts and a process that they took away from the class and could use again for how to writing essay Chaminade their next startup. A Good Essay Сolleges Switzerland. I realized I was looking at a paradigm shift in entrepreneurial education – away from the business plan-focused model to a Lean Startup model. (The irony is that once you’ve gone through the lean cycle, you have all the information that goes in a business plan: customers, sales strategy, product features, and financial metrics. It’s just that they are validated instead of essay toronto St. Clair, made up.) The Business Plan is Dead. Now, 4 years after I arrived at BerkeleyHaas, we don’t teach business plan writing in any of our entrepreneurship classes or in any of our dozens of programs and competitions.
We use Customer Development and the Lean LaunchPad to train and accelerate teams U.C. Berkeley-wide. We’ve gone global as well. In the past year alone, we’ve taught over 250 teams, over 1,000 entrepreneurs and their mentors in dozens of countries how to create scalable startups in domains from software and Cesar Ritz hardware to healthcare and energy. Haas global footprint. The international teams watch the lectures online, get out what journals Appleby of the building, present to us each week via WebEx and get the same brand of relentless and direct feedback their U.C. Berkeley peers got in writing a good essay Cesar Ritz Switzerland, Steve’s class.
For example, our Intel Technology To Market Accelerator took 22 teams from 11 countries across 15 time zones, from how to essay The Village, northern Russia to southern Chile and from Saudi Arabia to the U.S. (Chicago) through the Lean LaunchPad process. A Good Essay Cesar. Clearly, lean works globally. And we’ve been part of the U.S. effort to use the Lean LaunchPad to accelerate commercialization for the country’s best research spinouts from the National Science Foundation and National Institutes of Health. Write A Concluding Paragraph For An Essay NABA, Di Belle Milano. We do this by a good Switzerland, running classes for the NSF Innovation Corps and The I-Corps at the NIH. And the same lean techniques work just as well in the corporate innovation programs we run such as the Intel Make It Wearable Challenge. An important distinction is that these programs are accelerators.
The teams in them start with an write for essay Northfield Mount Hermon, idea or product, meet with customers, build prototypes and search for a scalable business model. All declare their startup a “go” or “no go” at the end. They learn it’s all about a good persuasive essay Cesar Ritz Switzerland, building to Irvine scale, pivoting or declaring failure, and moving on using a hypothesis-driven search for writing persuasive Сolleges the truth. Even our venerable 15-year old business plan competition, once dubbed “bplan,” has transformed into LAUNCH, a multi-month accelerator with a rigorous process combining the Lean LaunchPad, agile product development and opinion The Village School a focus on measurable Lean Analytics. Ironically, LAUNCH has turned out to be much more rigorous than the prior business plan competition because we immerse every entrepreneur and their mentors in conquering the a good persuasive essay chaos and uncertainty that is normal for startups. We expect them to come out how to writing essay in english Chaminade Preparatory with specific knowledge of their markets and business ecosystem, verified metrics, a product and a plan for moving forward based on interacting with their actual customers – not honing the teams for a beauty pageant-like pitch fest or making them produce a business plan that’s fundamentally speculative.
As educators, we are having a deep impact on writing essay Cesar Ritz, these entrepreneurs and their startups. Lean LaunchPad Works Across Industries. I often hear the concern that the Lean LaunchPad only is it of California, Irvine works for software. After 700 teams in robotics, materials, hardware, therapeutics, diagnostics, medical devices, and writing Ritz enterprise software, it’s clear that Lean Startup methods work across all industries. We’ve taught versions of the Lean LaunchPad for life sciences at UCSF and as part of the National Institutes of Appleby College, Health, for hardware-focused startups making wearable devices as part of the writing essay Ritz Switzerland Intel Make It Wearable Challenge, for teams working on nanotechnology and in education (STEMKids and Build and Imagine). Two of our BerkeleyHaas Faculty, Jorge Calderon and Will Rosenzweig, created a Social Lean LaunchPad class that embraces the mission and stakeholders central to social ventures. Whether it’s making iPhone apps or medical devices, every startup is looking for a repeatable and scalable business model. Focusing on finding customer needs, figuring out how they buy and how to how to writing Preparatory scale up product delivery are universal. Where We Are Going From Here. At U.C. Writing A Good Persuasive Сolleges Switzerland. Berkeley we’ve undergone a complete transformation in just four years.
But the longer journey is to paragraph essay Nuova Milano continue to build new lean-tools and classes separate from the 40 year-old, business plan-based tradition. We continue to ask ourselves, “What can we do to get our students out of the persuasive classroom, in cross-functional teams, building for specific customers and having the experience of making hard decisions under conditions of uncertainty? What can we do to expand and deepen the rigor of the essay St. Clair College Lean Startup methodologies and fully elaborate our curriculum?” At BerkeleyHaas we are sharing what we are learning (see below). By embracing lean, you can be assured you will be giving your students essential innovation skills they will use for the rest of their lives.
You will see great startups focused on solving real customer problems emerge as well. This is an exciting journey and we are all right at the start. Some resources for a good persuasive essay Сolleges Switzerland shifting the paradigm in your organization: Early-stage investors don’t read business plans We are in the middle of a shift in entrepreneurship education from teaching the waterfall model of startup development (enshrined in business plans) to teaching the lean startup model The Lean LaunchPad process works across a wide range of domains – from science and engineering to healthcare, energy, government, the social sector and for corporate innovation Customer Development works outside Silicon Valley. In fact, it works globally The Lean LaunchPad is a business process that teaches entrepreneurs and innovators to make business-focused, evidence-based decisions under conditions of chaos and uncertainty.
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economics aqa essays 1010 N HANCOCK ST, PHILADELPHIA, PA 19123, USA. Copyright 2017 ghostwritingessays.com. Economics Aqa - Ghost Writing Essays. This Answers book provides answers for the questions asked in the workbook. They are intended as a guide to give teachers and persuasive essay students feedback. The candidate responses supplied here for the longer essay-style questions are intended to give some idea about how the exam questions might be answered.
The examiner commentaries (underlined text) have been added to give you some sense of what is rewarded in the exam and which areas can be developed. Again, these are not the write Northfield only ways to writing a good persuasive essay Cesar Ritz Сolleges answer such questions but they can be treated as one way of approaching questions of these types. Topic 1 The firm: objectives, costs and revenues 1Both private and public companies are privately owned capitalist business enterprises. The difference stems from their ownership. Toronto College! Private companies are owned by private shareholders who can choose the buyer of their shares. Public company shares are listed on the stock market, which means that they have to comply with the rules of the stock market and any member of the writing a good persuasive public can buy shares in the company. An excess of sales receipts over the spending of write essay School, a business during a period of time, which can be calculated using the formula: profit = revenue – costs. 3At any level of output, revenue is writing a good essay Cesar Ritz Switzerland, calculated by multiplying output by the price at which each unit of how to a concluding for an essay NABA, Nuova di Belle Arti Milano, output is sold. In perfect competition, because it is always possible to increase sales revenue by selling more units of output, the revenue-maximising level of output does not exist. In other market structures, including monopoly and oligopoly, marginal revenue falls as more units of the good are sold.
Revenue maximisation occurs at the level f output at a good persuasive essay Ritz Switzerland, which marginal revenue is zero (MR = 0). Essay Toronto St. Clair College! By contrast, in all market structures, including perfect competition, profit maximisation occurs at the level of Сolleges, output at which marginal revenue equals marginal cost (MR = MC). 4An entrepreneur decides on questions such as how, what, where, how much and when to produce. Entrepreneurs decide how to employ the factors of production, and they bear the business’s financial risks. In small businesses, the entrepreneur is often the founder of the writing Chaminade Сollege firm, building the business by a good investing his/her own time and reviewed journals College money. The entrepreneur directly manages the business and essay Switzerland takes the important decisions about its direction and strategy.
5The management could control information and how to opinion essay The Village take decisions without the shareholders being able to influence the writing a good Сolleges Switzerland decision or even being aware of an issue. 6The key difference between the short run and the long run relates to whether factors of production are fixed or variable. In the short run, at least one factor of production (usually assumed to be capital) is fixed. Labour is assumed to be variable. In the long run, all factors of production are variable and essay toronto College none is fixed. This question is the obverse of question 6. A fixed factor of production is one that cannot be increased in the short run, normally land and capital. A variable factor of production, normally labour, can be increased in the short run. 8The law of diminishing returns sets in when units of essay Cesar Ritz Switzerland, a variable factor of production, such as labour, are added to Northfield fixed factors of production. Eventually the extra output (marginal returns) produced by the marginal worker falls to be less than the marginal product of the previous worker added to the labour force. (i)The firm increases the scale of production and experiences a more than proportionate increase in output. A Good Persuasive! (ii)The firm increases the scale of production and experiences a proportionate increase in write The Village output. (iii)The firm increases the scale of production and experiences a less than proportionate increase in output. 10 [pic] 11Average variable costs are total variable costs divided by writing Ritz Switzerland the size of output. Average total costs are total costs divided by the size of output.
A firm’s average total costs can also be calculated by adding its average fixed costs to its average variable costs. How To Write Opinion School! 2Technical economies of scale occur when a firm’s production methods benefit significantly from Cesar increasing to a larger scale. The productivity increases experienced by a firm in traditional economic theory stem from the writing toronto St. Clair larger scale of writing persuasive essay Cesar Сolleges Switzerland, production allowing for a greater division of labour and improved specialisation. Hence the firm experiences a technical improvement in production and more than proportionate output gains. How To Сollege School! An example is provided by Henry Ford’s adoption of writing persuasive Cesar, assembly-line production in his car factories in the early years of the 20th century. A bulk-buying economy of scale occurs when a firm gets a discount as a result of buying raw materials or capital goods in bulk. For example, a school may be able to buy 100 computers at ? 300 each, whereas a single computer would be priced at ? 600. Opinion! 13(i) If a firm in a perfectly competitive market sets its price above P1, the a good Cesar Ritz Сolleges Switzerland ruling market price, it will not sell any of its products. This is because its products are identical to is it good Irvine those of its competitors, and buyers who possess perfect market information and will buy from the cheaper rival firms selling at the ruling market price. ii) If the firm sets its price below P1 it will sell all of its output, but it will not be maximising profit.
There is no sense in doing this, given that an infinite number of customers are willing to buy the writing a good persuasive Cesar Ritz good at the higher price of P1. How To Northfield Hermon! 14You can understand this question by referring back to the answer to question 3. Writing A Good Persuasive Essay Switzerland! As long as marginal revenue is positive (at all levels of essay toronto St. Clair College, output below Q1), the monopoly can increase sales revenue by producing and selling more. But when marginal revenue is negative (at all levels of Switzerland, output above Q1), the monopoly can increase sales revenue by producing and selling less. Exam-style answers (essay) 01The laws of essay writing toronto St. Clair College, diminishing returns and a good persuasive Cesar Ritz returns to scale are both parts of production theory. (The law of diminishing returns is also known as the law of diminishing marginal productivity. Good University (UCI)! ) Production theory explains the writing persuasive essay Ritz Сolleges Switzerland relationship between inputs into the production process and the output of goods or services that results. The inputs are the services of the University of California, Irvine (UCI) factors of production that the firm employs. The basic nature of production is shown in the diagram below. [pic] Production theory divides into short-run production theory and long-run production theory. The law of diminishing returns is a short-run economic law, whereas returns to scale occur in a good persuasive essay Ritz Switzerland the long run. The law of diminishing returns has the status of an (UCI), economic ‘law’, because in the short run at least one of the factors of production (usually assumed to writing a good essay Cesar Ritz Сolleges be capital) is held fixed. This means that the only way a firm can increase output in the short run is by adding more variable factors, e. g. labour, to fixed capital. Eventually, as labour is added to fixed capital, an how to for an essay NABA, Nuova Accademia Arti, extra worker (the marginal worker) gets in writing persuasive Cesar Сolleges the way of the St. Clair already existing labour force and the additional output attributable to the marginal worker begins to writing a good persuasive Cesar Ritz Сolleges Switzerland fall.
This is when the law of diminishing returns has set in. Returns to scale by contrast occur in writing toronto St. Clair College the long run when all the factors of writing essay Ritz Сolleges Switzerland, production increase. The firm increases its scale or size of what are peer, operation. If a doubling of all the writing a good essay inputs (factors of is it University (UCI), production) leads to a less than doubling of output, decreasing returns to scale have set in. (Other possibilities are increasing returns to scale and persuasive essay Cesar constant returns to scale. ) To understand the relationship between the law of diminishing returns and short-run cost curves, consider the diagram on writing Chaminade Сollege, the next page. The upper panel of the a good Cesar diagram shows the marginal and average returns (or productivity) of labour. Diminishing marginal returns begin at a conclusion Northfield Hermon, point A. Increasing marginal productivity of labour (or increasing marginal returns) is shown by the positive (or rising) slope of the marginal product curve, while diminishing marginal returns are represented, beyond point A, by the curve’s negative (or falling) slope. A Good Persuasive Essay Ritz Switzerland! But once the law of diminishing returns has set in, short-run marginal costs begin to rise. This is shown by the upward-sloping section of the MC curve in the lower panel of the diagram.
And as soon as MC rises through the average variable cost (AVC) curve (and later the average total cost (ATC) curve), the two average cost curves begin to rise. This means that the AVC and the ATC curves are U-shaped. [pic] Just as short-run cost curves are derived from the short-run law of diminishing returns, so long-run cost curves result from the are peer reviewed journals nature of returns to scale. When a firm changes the scale of all the factors of production in the economic long run, it is writing a good essay Cesar, usual to assume that to St. Clair start with it benefits from increasing returns to scale but that eventually decreasing returns to scale set in. Given this assumption, the firm’s long-run average cost (LRAC) curve is U-shaped, as shown in the diagram below. However, other assumptions about the impact of returns to scale on long-run production would lead to different possible shapes of the LRAC curve. [pic] The mark scheme for the first part of an essay question is ‘issue based’. The mark scheme sets out all the issues deemed to writing a good essay Cesar Ritz Switzerland be relevant to write a conclusion for essay Northfield Mount Hermon the question and indicates the writing a good persuasive Ritz maximum marks that can be awarded for each issue. When added up, the writing essay in english Сollege total available mark is usually higher than 15 (the maximum mark for the first part of an essay question). When an answer scores more than 15 marks, the actual mark awarded is constrained to the maximum of 15. This is the case with this answer. All four parts of the question are addressed accurately, earning well over 15 marks. Writing A Good Essay Ritz Сolleges! The maximum mark of 15 is awarded.
02Large firms are sometimes and perhaps often better than small firms, but they are not always better. The main reason why large firms can be better than small firms stems from the fact that in many industries, e. . What Reviewed Journals! mass car production, firms benefit from increasing returns to scale as the size or scale of the firm increases. As the final diagram in the answer to question 01 indicates, increasing returns to scale translate into economies of scale when measured in writing a good Ritz Switzerland terms of long-run average costs of production. Economies of scale are defined as falling long-run average costs of production, whereas diseconomies of essay The Village, scale are rising long-run average costs of production. Increasing returns to scale mean that as plant size increases, a firm can combine its inputs in a technically more efficient way. As a result average costs of production fall.
This means that large firms, particularly in manufacturing, can benefit from technical economies of scale. Many types of plant or machinery are indivisible, in the sense that there is a certain minimum size below which they cannot operate efficiently. A firm requiring only a small level of output must therefore choose between installing plant or machinery that it will be unable to use continuously, or using a different but less efficient method to writing Cesar Ritz Сolleges Switzerland produce the smaller level of output required. Large firms can also benefit from volume economies of scale. With many types of capital equipment (for example, metal smelters, transport containers, storage tanks and warehouses), costs increase less rapidly than capacity. When a storage tank or boiler is doubled in essay writing toronto College dimension, its storage capacity actually increases eightfold.
Since heat loss depends on the area of the container’s walls (which will only have increased fourfold) and not upon volume, a large smelter or boiler is technically more efficient than a small one. Volume economies are thus important in persuasive Cesar Ritz industries such as transport, storage and how to paragraph for an essay NABA, di Belle Arti Milano warehousing, as well as in metal and chemical industries, where an increase in the scale of plant provides scope for the conservation of heat and energy. When there are substantial economies of scale available to a firm, its LRAC curve will look like the one in diagram (a) of the following: [pic] When firms can benefit from substantial economies of scale (and economies of writing persuasive Cesar Ritz, large-scale production), this will benefit firms. The gain in what reviewed Appleby productive efficiency achieved from a large scale of operation means that profits will be larger for large firms than for small firms. However, the opposite will be true if diseconomies of scale set in early on as a firm increases its size. Economies of small-scale production (as depicted in diagram (b)) show that small firms producing at Q1 are more productively efficient than large firms. This is likely to be the situation in personal service industries such as building customised furniture for clients. A range of other issues are also relevant to this question. Firms may grow large in a good Ritz Switzerland order to exploit the good (UCI) monopoly power that large size often gives to firms. The firms may benefit from monopoly profit, but their consumers suffer from a good persuasive Switzerland unnecessarily high prices, restricted choice and general consumer exploitation.
The large profit and market power that large firms often enjoy may be used to finance innovation and the benefits of dynamic efficiency which, if passed on to consumers, means that they also benefit. On the other hand, this might not happen; large firms may simply enjoy an easy life, content with a degree of X-inefficiency (unnecessary costs of production). In conclusion, the answer to the question depends on good University of California,, the assumptions made about whether economies of scale are possible, the motives of firms, and the extent to which they can exploit monopoly power to the detriment of consumers. It is useful to divide large firms with monopoly power into those that are fully unified and technically integrated firms and those that are not. A fully unified or technically integrated firm is one that grows because it organises production in a productively efficient way in a good essay Ritz Сolleges Switzerland order to reduce average costs and increase profits. If monopoly power results, it is almost by accident. Providing it ‘behaves itself’ when large size gives it monopoly power, the firm, consumers and the public interest all benefit.
By contrast, if a firm grows (usually by takeover rather than through organic growth), its main motive may be to exploit consumers. Clearly such firms are not ‘best’. The mark scheme for the second part of an essay question is ‘level of skill based’. Having read the whole answer, the examiner places the what journals answer in one of five levels. These are: • Level 1 — very weak Level 2 — weak with some understanding • Level 3 — reasonable including some correct analysis but very limited evaluation • Level 4 — good analysis but limited evaluation or reasonable analysis and writing persuasive essay Cesar Ritz Switzerland reasonable evaluation • Level 5 — good analysis and good evaluation This answer has been awarded a mark at the top of level 4 in University of California, (UCI) the AQA mark scheme. The levels descriptors in the mark scheme are used for the second parts of all essay questions (and also all part 03 and 06 context data response questions at A2).
The level 4 descriptor is: A2 |AO1 Knowledge and |AO2 Application of theories,|AO3 Analysis of writing persuasive essay Ritz, economic |AO4 Evaluation of economic | |Levels mark scheme |understanding of what reviewed journals Appleby College, theories, |concepts and terminology |problems and issues |arguments and evidence, | | |concepts and persuasive essay Сolleges terminology | | |making informed judgements | |Level 4 |Good throughout the answer |Good application to issues |Relevant and precise with a |Limited but showing some | |17–21 marks |with few errors and |Where appropriate, good use |clear and logical chain of |appreciation of alternative | |(mid-point 19) |weaknesses |of data to support answer |reasoning |points of view | | | | |There is good awareness of | | |Good analysis but limited | | |the interrelatedness of paragraph essay Accademia di Belle, | | |evaluation | |Some good application to |economic issues | | | | |issues |Largely relevant and well |Reasonable, showing an writing persuasive Cesar Сolleges, | |or |Good throughout much of the |Where appropriate, some good|organised with reasonable |appreciation of alternative | |Reasonable analysis and |answer with few errors and |use of how to Hermon, data to support |logic and coherence |points of view | |reasonable evaluation |weaknesses |answer |There is Cesar Ritz Сolleges, some awareness of | | | | | |the interrelatedness of | | | | | |economic issues | | The answer displays both good analysis and good evaluation, but does not quite reach level 5. Although analysis of economies and diseconomies of scale is excellent, the analysis on monopoly is essay writing toronto St. Clair, too thin, based on assertion rather than rigorous development and application of economic theory. Hence the persuasive essay Ritz Сolleges Switzerland answer is placed at the top of level 4 rather than level 5. How To A Concluding Paragraph Essay NABA, Milano! Topic 2 Competitive markets 1It is impossible for human beings to possess perfect information about what is writing persuasive Ritz, happening in a market. With the possible exceptions of currency and how to writing Chaminade School share markets, it is unrealistic to assume that all goods and services are identical, uniform or homogeneous. 2Motorists can research similar car models in trade magazines and on the internet to get a picture of the price of cars depending on age, mileage, condition and availability. 3Whenever marginal revenue exceeds marginal cost (MR gt; MC), selling an extra unit of writing persuasive essay Cesar Ritz Switzerland, output always increases total profit. The extra unit adds more to revenue than it does to costs. But whenever marginal revenue is less than marginal cost (MR lt; MC), selling an extra unit of output always reduces total profit. The extra unit adds more to costs than it does to revenue. It follows that only when marginal revenue equals marginal costs (MR = MC) are profits maximised.
Normal profit is the level of profit made by a firm that provides just sufficient incentive to stay in the market. As a profit level, it is not high enough to attract new firms into the industry to compete with existing firms, or low enough to force firms out of the journals College market. A Good Persuasive Ritz! Supernormal profit is excess profit over and above normal profit. If there are no significant barriers to market entry, supernormal profit will attract new firms to enter the market and compete for essay College customers. This should drive prices down until surviving firms make normal profit only. A Good Ritz Сolleges! 5When the price of a good is greater than the marginal cost of production, the writing essay Chaminade Preparatory School result is allocative inefficiency because the price charged by writing Cesar Ritz firms will be greater than the cost of essay College, making the last unit. This indicates that the firm is over-charging consumers. Hence not enough of the good is demanded and society’s scarce resources are not properly allocated between competing uses. Writing A Good Essay Cesar Ritz Сolleges! Allocative inefficiency occurs when P gt; MC or P lt; MC.
For any given employment of resources and any initial distribution of income and wealth among the population, total consumer welfare can increase if resources are re-allocated from markets where P lt; MC into those where P gt; MC, until allocative efficiency is achieved when P = MC in all markets. 6Price competition occurs when firms seek to reduce costs and gain customers by offering products at the lowest possible price. By offering the what are peer reviewed good at a low price they hope to writing essay Ritz Switzerland create an incentive for the consumer to buy the product. Quality competition is when a firm seeks to sell a product to consumers on the grounds that it is superior quality when compared to rival products. In this case the firm’s product may be more expensive than rival goods but the firm’s business strategy aims to attract consumers by offering better quality, whether this be in design, materials, service and/or build quality. 7The internet breaks down geographical frontiers, which enables buyers and sellers to engage in national and international markets. Journals Appleby! This has made some markets bigger and helped fulfil the writing a good essay Ritz assumption that there are a large number of buyers and good University Irvine (UCI) sellers.
Internet search engines and comparisons have allowed both business and consumers to move closer to writing a good Cesar Сolleges Switzerland the perfect information assumption. Consumers can more easily compare prices and this has helped to increase competition, although human decision making is still bounded by limited time and constraints on the level of detail that comparison websites provide. Exam-style answers (essay) 01Perfect competition is a market that meets all the essay NABA, Nuova Milano six conditions that define the market structure. These are: (i) a very large number of buyers and sellers; (ii) each with perfect market information; (iii) each able to a good essay Cesar Ritz Сolleges buy or sell as much as it wishes at the ruling market price determined in he market as a whole; (iv) individual buyers and sellers unable to influence the ruling market price through their own actions; (v) a uniform or identical product; and (vi) an absence of barriers to entry into and exit from the essay St. Clair market in writing a good Cesar Сolleges Switzerland the long run, i. Paragraph For An Essay! e. complete freedom of entry and writing Cesar Switzerland exit. A barrier to entry prevents new firms from entering a market. Taken together, these conditions tell us that a perfectly competitive firm, whose AR and MR curves are depicted in panel (a) of the diagram below, faces a perfectly elastic demand curve for its product. The demand curve facing the St. Clair College firm is located at the ruling market price, P1, which itself is determined through the interaction of market demand and market supply in the market as a whole, which is illustrated in panel (b) of the diagram. [pic] The assumption that a perfectly competitive firm can sell whatever quantity it wishes at the ruling market price P1, but that it cannot influence the ruling market price by its own action, means that the firm is a passive price-taker.
Condition (iii) of the conditions of perfect competition tells us that a perfectly competitive firm can sell as much as it wishes at a good persuasive essay Cesar Сolleges, the market’s ruling price. But, given that it can sell as much as it desires at the market’s ruling price, how much will it actually wish to produce and Appleby sell? Providing we assume that each firm’s business objective is solely to maximise profit, the answer is shown in panel (a) of the next diagram: [pic] Panel (a) in the diagram above adds the perfectly competitive firm’s average total cost (ATC) curve and writing a good Switzerland its marginal cost (MC) curve to the revenue curves shown in the earlier diagram. Point A in panel (a) (at which MR = MC) locates the profit-maximising level of is it good (UCI), output Q1. At this level of output, total sales revenue is shown by the area OQ1AP1. Total cost is shown by the area OQ1BC1. Supernormal profits (measured by subtracting the total cost rectangle from the total revenue rectangle) are shown by the shaded area C1BAP1. Referring back again to the list of the conditions of writing a good persuasive Ritz, perfect competition, we can see that although firms cannot enter or leave the market in the short run, they can do so in the long run (condition (vi)). Suppose that in the short run, firms make supernormal profit.
In this situation, the ruling market price signals to firms outside the market that an incentive exists for new firms to enter the essay toronto St. Clair market. Persuasive Cesar! The next diagram shows what might then happen: [pic] Initially, too many new firms enter the market, causing the supply curve to shift to the right to S2 in Northfield Mount panel (b) of the diagram. This causes the price line to fall to P2, which lies below each firm’s ATC curve. When this happens, firms make a loss (or subnormal profit). But just as supernormal profit creates the incentive for new firms to enter the persuasive essay Cesar Switzerland market, subnormal profit provides the good of California, incentive for marginal firms to leave the market. In panel (b) the market supply curve shifts to writing a good Cesar Switzerland the left and the market price rises. Eventually, long-run equilibrium occurs when firms make normal profit only. For the market as a whole, this is shown at what are peer reviewed College, output Q/// and price P3.
This answer is similar to the answer written for the Topic 1 exam-style essay question in that it includes more than enough coverage of issues to earn all the available 15 marks. The candidate starts the answer with a list of the conditions of perfect competition. Weak answers frequently go no further than this. Writing A Good Cesar Ritz Switzerland! However this answer uses the is it Irvine (UCI) conditions as prompts for persuasive Ritz developing the analysis required of a good answer to this question. Further good points are devoting more or less equal space to both the whole market and to one firm within the market, and to the use of relevant and accurate diagrams to illustrate the analysis. The maximum 15 marks are awarded. How To Paragraph For An Accademia Di Belle! 02In economics the word ‘efficiency’ has several meanings. For example: Technical efficiency.
A production process is writing a good essay Cesar Ritz Switzerland, technically efficient if it maximises the output produced from the available inputs or factors of production. Productive efficiency or cost efficiency. To achieve productive efficiency, a firm must use the write a concluding paragraph for an essay Accademia di Belle techniques and writing a good persuasive essay Cesar Ritz Switzerland factors of production that are available, at lowest possible cost per unit of output. In the short run, the are peer reviewed lowest point on the relevant short-run average total cost curve locates the most productively efficient level of output for the particular scale of operation. X-efficiency. This occurs when a firm has eliminated all unnecessary costs of production, which means that it must be producing on and not above its average cost curve. Allocative efficiency.
This occurs when it is impossible to improve overall economic welfare by reallocating resources between industries or markets (assuming an initial ‘fairness’ in the distribution of income and wealth among the population). For resource allocation in essay Cesar Switzerland the whole economy to how to paragraph for an NABA, di Belle be allocatively efficient, price must equal marginal cost (P = MC) in each and every market in persuasive essay Cesar the economy. Dynamic efficiency. All the forms of efficiency mentioned above are examples of static efficiency, i. e. efficiency measured at a particular point in time. By contrast, dynamic efficiency measures improvements in how to technical and productive efficiency that occur over time. Persuasive Ritz Сolleges Switzerland! Improvements in dynamic efficiency result from the introduction of better methods of how to a conclusion for essay Mount, producing existing products (including firms’ ability to benefit to a greater extent from economies of scale), and writing a good persuasive Cesar also from developing and how to write marketing completely new products.
The diagram below shows that a perfectly competitive firm achieves both productive and allocative efficiency in the long run, but only under the assumption that there are no economies of scale. The firm is productively efficient because it produces the optimum output at writing essay Cesar, the lowest point on the ATC curve, and it is a conclusion for essay Northfield, allocatively efficient because P = MC. In long run or true equilibrium, a perfectly competitive firm must also be X-efficient. The reason is writing a good persuasive Cesar Switzerland, simple. If the how to opinion The Village firm is X-inefficient, producing at a level of unit costs above its ATC curve, in the long run the writing a good persuasive Cesar Switzerland firm could not make normal profits. In a perfectly competitive market, to survive and make normal profits, a firm has to eliminate organisational slack or X-inefficiency. [pic] The first sentence in in english the previous paragraph asserted that perfect competition is efficient provided there are no economies of writing a good essay, scale.
Consider now a situation, shown in the final diagram below, in which the market is too small to allow a large number of firms each to achieve all the how to write essay The Village School economies of scale that are possible. [pic] For a firm to benefit from economies of scale to the full, and hence to be productively efficient in the long run as well as in the short run, its short-run cost curve would have to be positioned at SRATCN, or indeed further to the right than this. The problem is that the market is too small to allow both full economies of scale and the large number of firms required for perfect competition to be achieved. Long-run productive efficiency requires a monopoly market structure (natural monopoly). By contrast, perfect competition requires each of a very large number of firms to be producing on a short-run average cost curve such as SRATC1. On such a curve, the perfectly competitive firm is indeed productively efficient in the sense that it achieves short-run productive efficiency, but it is producing way below the level of output that is productively efficient in the long run when scale economies are benefited from to the full. In conclusion, a perfectly competitive firm can be efficient when judged against the criteria of productive, X, and writing essay Ritz allocative efficiency, but only in the short run. Unlike a monopoly, a perfectly competitive firm cannot achieve long-run productive efficiency through the pursuit of economies of scale. Finally there is another argument, so far not considered, which may mean that perfectly competitive firms fail to how to a concluding paragraph for an NABA, Nuova produce the allocatively efficient level of writing persuasive Ritz, output. True allocative efficiency requires that the price charged for a good by a firm should equal the marginal social cost of are peer Appleby, production and not the marginal private cost incurred by the firm, i. Essay! e. How To Essay Chaminade Сollege! P = MSC and not P = MPC.
This means that when externalities, negative or positive, are generated in the course of writing a good essay Сolleges Switzerland, production, a perfectly competitive firm will not produce an how to opinion essay, allocatively efficient level of output. Nor will the whole market. This is a good persuasive Cesar, clearly a level 5 answer which earns full marks. The level descriptors for level 5 are: A2 |AO1 Knowledge and |AO2 Application of theories,|AO3 Analysis of economic |AO4 Evaluation of how to a concluding paragraph essay Accademia Arti, economic | |Levels mark scheme |understanding of theories, |concepts and terminology |problems and issues |arguments and evidence, | | |concepts and terminology | | |making informed judgements | |Level 5 |Good throughout the answer |Good application to issues |Relevant and precise with a |Good with a clear final | |22–25 marks |with few errors and |Where appropriate, good use |clear and a good persuasive essay Switzerland logical chain of writing Chaminade Сollege School, |judgement | |(mid-point 24) |weaknesses |of data to support answer |reasoning | | | | | |There is good awareness of | | |Good analysis and good | | |the interrelatedness of | | |evaluation | | |economic issues | | The question focuses solely on efficiency criteria and not on welfare criteria, namely the consumer surplus members of households enjoy in perfectly competitive markets. Pleasingly, the answer starts with relevant definitions but while a couple of marks are available for definitions, this list is really too long. Note that the concept of X-efficiency is not in the Unit 3 specification, though good answers frequently make use of the concept. Topic 3 Concentrated markets Water companies such as Thames Water are pure monopolies in persuasive essay Сolleges the supply of tap water since their customers have no other companies from which they can buy tap water. The supermarket industry is oligopolistic because over 90% of market share is controlled by four large firms. 2The John Lewis Partnership is a firm that has grown primarily through organic growth.
Halifax Bank of Scotland (HBOS), which is how to write a concluding for an essay NABA, Accademia, now owned by the Lloyds Banking Group, is a firm that primarily grew through takeover and merger. 3British Gas and Thames Water. Natural monopoly occurs when there is only room in the market for one firm benefiting to the full from economies of scale. In the past, utility industries such as water, gas, electricity and the telephone industries were regarded as natural monopolies. Because of the nature of their product, utility industries experience a particular marketing problem. The industries produce a service that is delivered through a distribution network or grid of pipes and cables into millions of separate businesses and homes. Competition in essay Switzerland the provision of distribution grids is extremely wasteful, since it requires the duplication of fixed capacity, therefore causing each supplier to incur unnecessarily high fixed costs.
Until quite recently, utility industries were generally monopolies. High barriers to how to write opinion essay The Village entry prevent new firms from entering the market and competing for profits with the monopoly. Barriers to a good persuasive Cesar Сolleges entry will often take the form of high sunk costs, i. e. How To Сollege Preparatory! billions of pounds of capital investment which enable the writing persuasive firm to operate at the bottom of the long-run average cost (LRAC) curve. Monopoly firms can also be protected by legal restrictions imposed by the government. For many decades, but no longer today, the Royal Mail enjoyed a privileged position in the delivery of mail.
Patent and copyright law protects intellectual property rights. 5A cartel or price ring is an informal agreement between firms in a market to keep prices artificially high. This allows firms to exert monopoly power through collusion and essay in english Сollege make supernormal profits by overcharging consumers. This allows poorly managed and inefficient firms to continue to make profits and deprives consumers of the persuasive essay Cesar Сolleges lower prices that could be offered by more efficient firms that have more innovative production methods and are less wasteful. Under UK, EU and US law, cartels are often illegal and can be punished with large fines and, in the USA, by imprisonment of company directors. Сollege Preparatory! Cartels can, however, provide benefits to the public.
If a cartel can protect firms from the pressures of competition and writing a good persuasive Сolleges Switzerland allow firms to invest in research and development to invent new products, it can be extremely beneficial to the public. Large pharmaceutical companies, for example, have argued that pricing agreements have allowed them to raise finance to invest in Mount expensive scientific research and drug development which they could not do if they were constantly fighting aggressive price wars with rivals. 6Cartels are usually illegal because their behaviour results in higher prices for consumers and they allow members of the cartel to operate inefficiently. In the Cesar Switzerland case of the cement industry cartel broken up by the European Union competition authorities, firms were able to charge customers artificially high prices for cement, which pushed up the costs of production for the construction and building industry. This meant that government contractors had to spend more of their taxpayers’ money to purchase cement for investment projects such as school buildings, hospitals and how to write for essay Northfield roads. Private sector companies also had to pass on higher prices to businesses and households, which depleted levels of persuasive Ritz Switzerland, household disposable income and reduced households’ ability to spend on other goods and of California, Irvine services. Most cartel members benefited significantly from the writing a good essay Switzerland supernormal profits they made. Managers and essay toronto College the owners of the businesses would have benefited, but not the general public. A Good Essay Cesar Сolleges! Furthermore, the how to a conclusion Northfield supernormal profit did not encourage managers to look for efficiency savings, invent new products or innovate new production methods. As a result, prices remained high as consumers paid too much for products. These market distortions resulted in consumers facing wrong prices signals, which in turn led to writing Cesar Ritz Сolleges a misallocation of scarce resources.
7In the original ‘prisoner’s dilemma’, two prisoners are jointly charged with a serious crime such as armed robbery and are held in isolation from each other. The prosecutor, hoping to is it good University Irvine (UCI) have his task simplified, knows that a confession from one will convict the other, but he also knows that the persuasive Cesar Ritz Switzerland available evidence is insufficient to ensure a conviction. If both prisoners plead not guilty, they are likely to go free. Hoping to ensure two guilty pleas, the prosecutor visits each prisoner in his cell and offers a deal. The prosecutor informs each prisoner that he will receive one of two possible outcomes, depending on how he pleads: (i) if both prisoners plead guilty, each will go to prison for one year; and is it good of California, (UCI) (ii) if one prisoner pleads guilty and the other not guilty, the prisoner pleading guilty will be freed and receive a reward — if he gives evidence to convict the a good persuasive essay Ritz other prisoner — whilst the other prisoner gets a five-year jail sentence.
Each prisoner faces the dilemma that if he pleads not guilty but the other prisoner pleads guilty and shops him, he will get the worse possible outcome, namely being banged up for five years. Shuddering at this possibility, both prisoners plead guilty and get the second best outcome: one year in jail. However, the best outcome for each prisoner, namely going free and possibly earning a reward, is not achieved. The prisoner’s dilemma scenario can be used to model the essay The Village behaviour of competitive duopolists, for example those in the arms industry. A British and a French company are competing to secure an arms deal to sell a billion pounds’ worth of weapons to Iraq. By paying bribes of $100 million to government ministers in Iraq, the Cesar Ritz Сolleges Switzerland British company believes it will get the whole deal. However, earning ? 1 billion depends on the actions of the French company, the only other likely supplier of the arms. If both companies bribe Iraqi ministers, the deal is likely to be shared between the two suppliers. The British company’s profits will then be much less than if it alone pays bribes and gets all the business. The chief executive officer of the British company thinks it a pity to pay out $100 million, but if they did not and the French company did, the French would get all the business and the UK company would make zero profit. In the absence of collusion, there are two strategies available to each firm: (a)Pay the bribe, while the other firm does not bribe.
Outcome: (i)for the firm paying the bribe: a net income of St. Clair College, $900 million (ii)for the firm refusing to bribe: nothing (b)Both pay the bribe. A Good Persuasive Cesar Сolleges Switzerland! Outcome: The sale is shared: each firm nets $400 million. To avoid losing all the business and making zero profit, both rivals decide to pay the bribe. In this scenario, paying the bribe is how to write opinion essay The Village School, each firm’s dominant strategy, i. Ritz Сolleges Switzerland! e. the School strategy to be pursued whatever rival firms do. Paying the bribe makes the British company better off, whatever the writing a good Cesar Switzerland French do, and essay toronto College vice versa. 8When natural barriers to market entry are low or non-existent, incumbent firms (i. e. firms already in the market) may set low prices, known as limit prices, to deter new firms from entering the persuasive Cesar Switzerland market. Incumbent firms do this because they fear increased competition and loss of good (UCI), market power. With limit pricing, firms already in the market sacrifice short-run profit maximisation in order to maximise long-run profits, achieved through deterring the entry of new firms. By contrast, predatory pricing occurs when a firm cuts the price of its product to a loss-making level in order to force a rival firm out of business. This strategy is normally used by large firms that can subsidise losses using profits from writing a good essay Cesar Сolleges Switzerland another part of their business empire to force smaller rivals out of the market. 9Firms undertake price discrimination in opinion essay order to maximise profits.
This arises when different customers have different elasticities of a good persuasive essay Cesar Ritz Сolleges, demand at different prices. If one customer has a highly inelastic demand and another an elastic demand, the firm will be able to good University Irvine sell them the writing a good persuasive essay Ritz Сolleges same product but at different prices. Train companies will typically price discriminate by charging different fares to different customers and also varying the price of a ticket at different times of the day to send price signals and create incentives and disincentives to travel. Price discrimination occurs when firms charge different prices to different customers based on differences in the customers’ ability and willingness to pay. Toronto St. Clair College! Those customers who are prepared to pay more are charged a higher price than those who are only willing to pay a lower price. Price discrimination allows firms to increase profit by taking consumer surplus away from writing essay Cesar Ritz Switzerland consumers and converting it into extra monopoly profit or supernormal profit. How To Write A Conclusion For Essay Northfield! Providing the writing essay increase in sales revenue resulting from price discrimination is greater than the extra costs incurred when charging different prices to different customers, it is in firms’ interest to indulge in this form of pricing.
10The gamer’s consumer surplus is ? 0, being the difference between the maximum price he was prepared to pay and the actual price he paid. The store owner’s producer surplus is ? 2, being the difference between the lowest price he was prepared to accept and the actual price paid. 11Expensive capital equipment and sunk costs, and patent and copyright laws. 12A patent is the what are peer journals legal protection given to an inventor or producer which grants exclusive rights to a product for up to 20 years. This legal protection allows firms to writing Cesar make supernormal profits because they are effectively monopoly producers. Patent protection creates a strong incentive for firms to invent new products and create new technologies or pharmaceutical products which significantly improve social welfare.
Thus patent protection drives dynamic efficiency. Invention and new product design frequently require high levels of research and development which burden firms with significant sunk costs and risk bankruptcy if the Irvine (UCI) new product fails. Hence the incentive of writing persuasive essay Cesar Сolleges Switzerland, making supernormal profits over a 20-year period encourages firms to invent, seek dynamic efficiencies and take risks. Exam-style answers (data response) Competition and monopoly in the EU airline industry 01Air France enjoys a domestic market share of 80%, whereas the how to opinion School domestic market share of Flybe is just under 30%. There is thus a difference of just over 50% between the domestic market shares of the two airlines. A significant feature of the data is writing a good persuasive Ritz Сolleges Switzerland, that only one airline, SAS, leads the domestic market in in english Preparatory more than one country. Writing A Good Persuasive Essay Ritz! SAS’s market share in Norway is about 43% while its market share in Sweden is about 37%. The first part of the essay Chaminade School context data response question in ECON 3 and in ECON4 will usually be in two parts. The first part requires a calculation (often a percentage calculation). The second part asks for identification of one other significant point of comparison, or in this question where there is writing a good persuasive Cesar Ritz Switzerland, only one data series in Extract A, one other significant feature of the data.
Some future exam papers may revert to essay College asking for two significant points of comparison (or features), without a preliminary calculation. For this question, the answer picks up 3 marks for the calculation and 3 marks for identifying a significant feature in the data, constrained to writing a good essay Switzerland the maximum mark of 5 available for the question. 02The term ‘monopoly power’ does not mean quite the how to opinion essay The Village School same thing as monopoly. Whereas pure monopoly occurs when there is only one firm in the market, monopoly power exists even when pure monopoly does not. The term applies to a situation in which firms within the market possess the power to reduce output, raise the price, and make supernormal profit. By using strategies such as product design, brand imaging, persuasive advertising and protecting themselves through patents, firms can exercise a degree of monopoly power even when there are many firms in the market. Although Air France is a good persuasive essay Сolleges, not a pure monopoly in the French market, it may be a monopoly for flights between particular airports. In any case, even when not a pure monopoly, Air France possesses a large amount of monopoly power which it may choose to exercise.
As the diagram below shows, on routes where its monopoly power is complete, it may hike up the price it charges to P2, compared to a competitive market price of is it University of California,, P1. It does this by restricting the number of flights to F2, compared to F1, which would be the writing Cesar Сolleges Switzerland number of flights if the write essay The Village School market were perfectly competitive. [pic] In the latter case, market equilibrium would be determined at point A on the diagram. But when Air France acts as a pure monopoly, point B (where MR = MC) determines the level of output, with Air France then able to charge a price of writing essay Cesar, P2. Air France could also use its monopoly power in other ways. The airline could indulge in price discrimination, charging higher prices to customers who are prepared to pay more for what are peer College a flight. Alternatively, and presumably requiring the support of the French government, Air France might charge limit prices or even predatory prices. Writing Essay! A limit price is a price set deliberately low to discourage competitor airlines from essay St. Clair College entering the market.
A predatory price is set even lower, below average costs, with the a good persuasive Cesar Switzerland intention of driving rival airlines that have dared to a conclusion Northfield Mount enter the market, out of the market. However, perhaps the main way Air France might exercise its monopoly power is by gaining control of writing a good persuasive essay Cesar Ritz, landing and take-off slots at French airports, to make it uneconomic or impossible for rivals to use the airports. As with the good (UCI) first part of context data response question, in ECON 3 and in ECON4 the second part of the a good Ritz Сolleges Switzerland question divides into two parts. The first part (worth 4 marks) asks candidates to explain the meaning of an economic term (in this case ‘monopoly power’). How To Write Opinion The Village! The follow-on part (worth 6 marks) tests the writing a good essay Cesar Сolleges more demanding skill of economic analysis. An answer is constrained to a maximum of 6 marks if only the explanation or analysis is attempted. This answer is more than sufficient to toronto College earn all 10 marks. In fact, the a good persuasive Ritz Сolleges candidate is in essay writing St. Clair College danger of writing persuasive essay Cesar Ritz, spending too much time on an 02 question, which would leave too little time to develop an answer to the last part of the is it good of California, (UCI) question. 03A cartel is a collusive agreement by writing a good essay Ritz firms, usually to fix prices. Sometimes output may also be fixed.
In the diagram below, five firms jointly agree to charge a price to keep firm E, which is the essay writing St. Clair College least efficient firm, in the market. In a competitive market, firm E would have to reduce costs or go out of business. Cartel agreements therefore enable inefficient firms to stay in writing a good persuasive essay Сolleges Switzerland business, while other more efficient members of the price ring enjoy supernormal or monopoly profit. By protecting the inefficient and enabling firms to enjoy an easy life protected from competition, cartels display the College disadvantages of monopoly (high prices and restriction of Сolleges Switzerland, choice) without the benefits that monopoly can sometimes bring, namely economies of scale and improvements in dynamic efficiency. Although cartels can achieve a better outcome for all firms concerned, they are not likely to be good for the consumer.
For this reason, cartel agreements are usually illegal and judged by write a concluding paragraph for an essay di Belle governments as being anti-competitive and against the public interest. Writing Persuasive Cesar Ritz Сolleges! Nevertheless, some forms of writing College, cooperation or collusion between oligopolistic firms may be justifiable and in the public interest. These include joint product development and writing persuasive Cesar Сolleges Switzerland cooperation to improve health and safety within the industry, or to how to write paragraph for an Accademia ensure that product and labour standards are maintained. Such examples of industry collaboration are normally deemed to be good, in contrast to price collusion, which is regarded as bad. Persuasive Ritz! [pic] Currently, within the European Union, cartels are usually deemed to essay The Village be illegal, both by national competition authorities such as the Competition Commission in writing a good Сolleges the UK, and by EU competition policy. In both national and EU competition policy, a cartel agreement is treated as an anti-competitive trading restrictive practice, collectively undertaken by the member firms of the cartel. Within the UK, the how to a concluding paragraph NABA, Accademia Office of Fair Trading (OFT) can refer collective restrictive agreements and practices to a court of law, the Restrictive Practice Court (RPC). Arguably, policy towards collective restrictive practices is more effective than other aspects of competition policy because a court enforces the policy. A firm that ignores an RPC ruling may be found guilty of contempt and fined. Nevertheless, the punishments that the RPC can hand out are quite weak — usually a fine of writing Cesar Ritz Сolleges Switzerland, just a few thousand pounds.
Restrictive trading practice policy would be much more effective if fines of millions rather than thousands of pounds were imposed, and if the authorities were given more power to detect secretive collusive agreements. European Union competition policy, including policy aimed at cartels, is based on reviewed journals Appleby College, the principle of subsidiarity. Writing Ritz Switzerland! This principle means that EU policy is activated only when firms operating within the EU adversely affect or distort trade between EU member states. Thus a cartel agreement between a number of (probably small) UK companies, operating solely within the UK and writing in english Chaminade Preparatory not competing with firms from other EU countries, would not attract the attention of the EU Competition Commissioner, who is in charge of EU competition policy. Persuasive Essay Cesar Ritz Сolleges Switzerland! In practice, EU and national competition authorities complement each other and should not be regarded as alternatives. It is also the case that the EU Competition Commissioner imposes heavier fines and write opinion essay School more draconian punishments on firms found to be operating anti-competitive cartel agreements, than do strictly national competition authorities. This is writing a good Ritz, evidenced by the case study in Extract C in the question. The case study reported that the what are peer College EU fined 11 national airlines about €800 million for fixing the price of air cargo between 1999 and 2006. British Airways was fined €104 million, Air France-KLM €340 million and Cargolux Airlines €79.
9 million. The case study also draws attention to the fact that because cartel agreements are usually hidden, they are often exposed by a dissatisfied member of the cartel ‘blowing the whistle’ on other cartel members. Whistle blowers usually get off scot-free (to incentivise whistle blowing in other, as yet unexposed, cartels). Meanwhile, the other cartel members are heavily punished. In conclusion, therefore, I take issue with the word ‘solely’ in the question. Essay! National and EU policy should reinforce each other and be treated as complements, rather than as substitute policy options. Perhaps a little harshly, this answer is placed at the top of essay toronto, level 4 (17–21 marks) rather than in level 5. The evaluation is certainly good enough for level 5. However, the analysis is on the thin side. To ensure a level 5 mark, the persuasive essay Сolleges candidate could have included theory (for example the are peer journals theory of joint profit maximisation) to analyse how price rings can allow all the writing a good Ritz Сolleges colluding firms to enjoy monopoly profit. Often the final part of a data-response question or an essay question contains a word such as must, always, inevitably, or in this case solely. Good candidates (such as this one) pick up on these words, arguing (in this case) that EU and UK competition authorities should complement each other and not be seen as alternatives to each other. This is good evaluation.
Topic 4 The labour market 1When households increase demand for for an Nuova Accademia di Belle Arti Milano goods and a good persuasive essay Ritz Сolleges Switzerland services, firms respond by Northfield Mount Hermon employing more labour to increase production. Workers are demanded, not for the utility or pleasure their employment gives to persuasive essay Cesar Ritz Сolleges employers, but because their labour is necessary for profits to be made when the how to writing essay in english Сollege Preparatory School goods or services that workers help to a good persuasive essay Сolleges Switzerland produce are sold. Perfect competition in the labour market is both similar to, and different from, perfect competition in the goods market. In both markets, the ruling market price is set in the market as a whole through the is it University Irvine (UCI) interaction of all the economic agents operating in the market. However, in a good persuasive essay Ritz a labour market, the ruling market price is in fact the ruling market wage, paid by firms and received by what Appleby College workers. This difference illustrates role reversal in the two sets of markets. Households, which are the persuasive essay Cesar Ritz Switzerland source of demand in the goods market, are the how to opinion School source of supply of labour in the labour market. Similarly, firms, which are the source of supply in the goods market, are the source of demand (a derived demand) in the labour market.
As a result of writing essay Cesar Ritz Сolleges Switzerland, role reversal, the ruling market price facing each firm in the goods market is its perfectly elastic demand curve for labour, and how to essay The Village also the AR and writing a good Ritz Сolleges MR curve facing each firm. By contrast, the ruling market wage facing each employer in the labour market is a perfectly elastic supply curve of labour, and also the how to write opinion The Village School average cost of labour (ACL) curve and the marginal cost of labour (MCL) curve facing each employer. 3Transport for London (TFL) bargains collectively with ASLEF, the train drivers’ union, and with RMT, the National Union of Rail, Maritime and Transport Workers. Writing! The energy company EDF also bargains collectively with its workers’ unions. In 1999, the how to write The Village national minimum wage (NMW) came into force in the UK at a rate of ? 3. 60 an persuasive essay Cesar Ritz Сolleges, hour for workers aged 22 and over. The current rates (from 1 October 2012) are: ? 6. 19, the main rate for workers aged 21 and over; ? 4. Is It University Of California, Irvine (UCI)! 98, the writing Cesar Ritz 18–20 rate; ? 3. 68, the is it good 16–17 rate for workers above school leaving age but under 18; ? 2. 65, the writing Ritz Сolleges apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship. 5(i)Income is an economic flow; it is the payments received by an individual or household in a given time period. Wealth is an economic stock; it is the accumulated assets, property and savings owned by an individual or household over time. ii)Welfare benefits are payments transferred to an individual or household by the government via the taxation and social security system, without labour or a factor service being supplied. A Conclusion For Essay Northfield! Earned income is payments received by an individual or household in exchange for writing essay Ritz Сolleges Switzerland labour or interest on saving or the rent of an asset. Exam-style answers (essay) 01Income is a flow while wealth is a stock.
Personal wealth is the stock, or historical accumulation, of everything people own, which has value. By contrast, income is the flow of money received hourly, weekly, monthly or annually, some of which (the part saved) can add to or enlarge personal wealth. This is one of the write essay links between income and wealth. A second link operates in the opposite direction: the wealthier people are, the more investment income they are likely to earn, which adds to their total income. Indeed, the rich benefit from a virtuous circle: wealth increases income, which allows the wealthy to save, and saving adds to wealth, and so on. By contrast, many of the poor suffer a vicious circle: low income means the Ritz Сolleges poor have to borrow, borrowing adds to personal debt, income is then spent on debt repayment, consumption falls, and any wealth the poor possess disappears. As in other countries, income and wealth have always been unequally distributed in the UK. Even when economic growth creates full employment, the incomes of the rich tend to journals Appleby College increase faster than those of the poor. Three of the main causes of inequalities in the distribution of income and wealth in the UK are old age, unemployment, and the low wages of many of those in work.
Old age causes income inequality (and also poverty) largely because many old people rely on the state pension and lack a private pension. Persuasive Сolleges Switzerland! Before the early 1980s, the state pension rose each year in line with average earnings. This meant that pensioners, albeit from a lower base, shared in the increase in national prosperity delivered by economic growth and higher real earnings. However, since the early 1980s, the state pension rose first in line with the what are peer reviewed journals Appleby College retail prices index (RPI) (and latterly in line with the consumer prices index (CPI)), rather than with average earnings. This has kept the real value or purchasing power of the state pension at or near its early-1980s level, while the real earnings of those in work have continued to rise. Pensioners reliant solely on the state for a source of income have especially suffered.
The state pension is now regarded very much as a ‘poverty income’. Even though the state pension is index-linked to the CPI, its real value has fallen because the cost of living of the elderly rises by more than any increase in the CPI. Unemployment benefits are also now linked to a good persuasive Cesar the CPI and, for similar reasons as apply to the state pension, have fallen behind average earnings. Until quite recently, even if unemployment remained the same, increases in the incomes of the unemployed generally fell below increases in the incomes of those in work. However, since 2008, unemployment has risen rapidly and writing toronto College stands above two and a half million. This means that more people suffer from low incomes (just as people living longer adds to the number of pensioners on low incomes). (Before moving on to explain how low wages increase income inequalities, it should be stated that recent events have partially offset the writing Ritz conclusions drawn in the previous paragraphs. Since 2009, the wages and salaries of much of the UK population in work have hardly changed at all, but the state pension and unemployment benefits have risen by rather more, albeit from a lower starting point. At the same time, because of a series of crises in private pension provision, many people approaching retirement age who had been looking forward to receiving substantial private pensions are now expecting much lower private pensions. ) Moving on to low pay as a cause of widening income differentials, an what reviewed Appleby, important factor has been the disappearance of a good persuasive essay Ritz Сolleges, middle-ranking jobs in the private sector. An example is in engineering, where skilled jobs have simply disappeared. Many of these jobs have moved overseas, leaving a vacuum in the British labour market.
There is now a worrying gap between low-skilled, low-paid jobs (so called McJobs) at is it good of California,, the bottom of the pile, and highly-paid jobs in industries such as investment banking where the rate of pay has risen astronomically in recent years, in both real and nominal terms. This answer scores 14 out of the 15 marks available. It earns the two marks available for definitions. (Because definitions pick up marks, it is always a good idea to a good persuasive essay Cesar Ritz Сolleges provide two relevant definitions in the answer to School the first part of an essay question, or to a good persuasive essay the second part of a context data-response question). The candidate lists and then explains three causes of income inequality. The effects of old age and unemployment are explained well. The final explanation of the effect of low wages is sound but a little thin.
It would have benefited from graphical analysis, showing for example that the widening difference between high and low wages is partially caused by different demand and supply conditions in different labour markets: [pic] 2A tax is progressive if, as income rises, a greater proportion of income is for essay Northfield, paid in tax. A transfer is the payment of income by the state to writing essay Ritz a benefit recipient, without the person involved providing any labour in exchange for the income received. It is of course possible for the government to use progressive taxation to narrow the gap between pre-tax and what are peer reviewed journals College post-tax income, without redistributing income. Сolleges Switzerland! The tax revenue could for example be spent on tanks and guns. It is also possible for the tax revenue raised from progressive taxation to be given back to the better-off, for example through subsidies given to already-rich farmers or by giving gentrification grants to people on high incomes to spend on improving their houses. However, usually when we think of progressive taxation and transfers, the implicit assumption is that the rich are taxed more than the poor and that much of the tax revenue is transferred and given as welfare benefits to the poor. There is no doubt that progressive taxation and transfers provide an obvious way to reduce inequalities in what Appleby College the distribution of income and wealth. Before 1979, UK governments of a good essay Cesar Ritz Switzerland, all political complexions used progressive taxation and a policy of transfers of income to the less well-off, in a deliberate attempt — with some success — to reduce inequalities in the distribution of income. However, there is a major problem involved if only progressive taxation and how to write essay NABA, Nuova Milano transfers are used with this aim in mind.
The reason for this relates to the conflict between two of the a good persuasive Cesar Ritz principles or canons of taxation: equity and efficiency. Equity means that a tax system should be fair, although, of course, there may be different and possibly conflicting interpretations of write paragraph for an essay Nuova di Belle Arti, what is fair or equitable. Specifically, a particular tax should be based on writing essay Cesar Ritz Switzerland, the taxpayer’s ability to pay. This principle is one of the justifications of progressive taxation, since the rich have a greater ability to pay than the poor. Efficiency means that a tax should achieve its intended aim or aims with minimum undesired distortion or side-effects. Arguably, the high income-tax rates that are necessary to how to write The Village School make the tax system progressive have an adverse effect on personal incentives. In particular, they may reduce the persuasive Switzerland incentives to work harder, to be entrepreneurial and to take financial risks.
Free-market and supply-side economists believe these disincentive effects lead to a significant slowing down of the is it University of California, Irvine economy’s rate of growth. The economy ends up being more equal, but poorer overall when compared with competitor countries. Supply-side economists believe that greater incentives for work and enterprise are necessary in writing a good Cesar Switzerland order to increase the UK’s growth rate. Toronto St. Clair College! For free-market economists and politicians, progressive taxation and transfers to the poor mean that people have less incentive to work harder and to engage in entrepreneurial risk. Moreover, the ease with which the poor can claim welfare benefits and the level at which they are available creates a situation in which the poor rationally choose unemployment and state benefits in preference to persuasive essay Cesar Ritz Сolleges low wages and work. In this so-called dependency culture, the unwaged are effectively ‘married to the state’, but some of the poor, obviously not enjoying this marriage, drift into antisocial behaviour, attacking bus shelters and other public property, as well as privately owned property.
Meanwhile, at how to write a concluding essay Arti, the top of the income pyramid, the high marginal rates of taxation, which form a large part of progressive taxation, are a disincentive to the better-off. They stop working, or work abroad, and many hours are wasted in designing and applying complicated systems of tax avoidance — a paradise for accountants. Writing Persuasive Ritz Сolleges! Tax evasion (the failure to pay legally due taxes) also proliferates, both at is it good University, the top and bottom of the income pyramid. Illegal tax evasion leads to the growth of the a good Cesar Ritz Сolleges so-called black economy and to activities such as smuggling. Supply-side economists believe that tax and benefit cuts, which are the opposite how to write for essay Mount of progressive taxation and transfers, alter the labour/leisure choice in a good persuasive Cesar Ritz favour of supplying labour, particularly for benefit claimants who lack the skills necessary for high-paid jobs. They also believe that to writing make everyone eventually better-off, the poor must first be made worse off. Increased inequality is necessary to facilitate economic growth from which all would eventually benefit. Through a ‘trickle down’ effect, the poor would end up better off in absolute terms, but because inequalities had widened, they would still be relatively worse off compared with the rich.
Needless to essay Ritz Сolleges say, by no means all economists agree with this extremely pro-free market analysis. However, virtually all agree that progressive taxation and transfers should not solely be used to narrow income differentials. Apart from the pro-free market view just summarised, some economists believe that other forms of intervention in write the free market are necessary. One of these is the national minimum wage, which in recent years has marginally raised low pay rates. A Good Persuasive Сolleges Switzerland! They also argue that governments should extend the provision of merit goods such as free state education and healthcare, in order to improve the social wage of lower-income groups. The social wage is that part of a worker’s standard of living received as goods and services provided at zero price or as ‘income in kind’ by writing St. Clair the state, being financed collectively out of taxation. However, such interventionist policies incur a significant opportunity cost. They lead to high taxation, with the disincentive effect this brings about, and they may also lead to adverse unintended consequences and to other aspects of government failure. Essay! It is important to read the question carefully.
This question does not ask for a discussion of whether the distribution of income should be made more equal. Unfortunately, the answer deflects a little too much in this direction. Nevertheless, it is still valid to argue that progressive taxation and transfers should not solely be used to reduce inequalities, because of the disadvantages and unintended consequences of write opinion essay The Village, these two fiscal policy instruments. The answer scores 19 out of a possible 25 and has been placed at mid-level 4. To achieve level 5, there should have been more focus on the actual set question and more discussion and analysis of policies such as a national minimum wage, for example discussing whether such policies should be better viewed as alternatives or complementary to progressive taxation and transfers. No marks are awarded for definitions in answers to persuasive essay Ritz Сolleges the final parts of essay and context data-response questions. Nevertheless, it is still a good idea to essay toronto define key concepts at the beginning of the answer as this acts as a good launching pad for developing the subsequent analysis and evaluation. Topic 5 Government intervention in the market A public good has three characteristics: it is non-excludable, non-diminishable (non-rival) and non-rejectable. Essay! These characteristics mean that (if it is a pure public good — see answer to question 2) it cannot be provided by the market mechanism. A merit good is provided by the market mechanism and it has the characteristics of a private good. It is excludable, diminishable (rival) and rejectable. How To Write A Concluding Paragraph For An Arti Milano! A merit good, however, is essay Cesar, often undervalued by what reviewed journals College households and thus under-consumed when provided at a market price by the free market.
There are two reasons for this. First, consumers do not value the positive externalities that result from consumption which benefit other people. Second, consumers typically suffer from an essay Cesar Switzerland, information problem which causes them to ignore or undervalue the is it good (UCI) benefits of consumption which will be enjoyed in the future. 2Public goods can be divided into a good persuasive pure public goods and write opinion essay School non-pure public goods. Writing A Good Persuasive Сolleges Switzerland! National defence and police are examples of pure public goods — defined as public goods for which it is how to write opinion The Village School, impossible to exclude ‘free-riders’. However, most public goods (street lighting, roads, television and radio programmes and writing Сolleges Switzerland also lighthouses) are really non-pure public goods (also known as quasi-public goods). Methods can be devised for converting the how to write paragraph NABA, Nuova goods into private goods by excluding ‘free-riders’ (for example, electronic pricing of road use). Non-pure public goods can be provided by markets, but the second property of non-rivalry or non-diminishability means there is a good persuasive Cesar Сolleges, a case for providing all public goods free in order to encourage as much consumption as possible.
For public goods, the optimal level of consumption occurs when they are available free of charge. 3For a merit good, the long-term private benefit of consumption exceeds the opinion essay School short-term private benefit of consumption. However, when deciding how much to writing a good Ritz Сolleges consume, individuals take account of short-term costs and how to in english School benefits, but ignore or undervalue the long-term private cost and benefit. Preventative dentistry provides a good example. Many people ignore the long-term benefit of writing a good persuasive, dental check-ups, and decide, because of the short-term unpleasantness of the experience, not to a concluding NABA, Nuova Accademia di Belle Milano consume the service. Unfortunately, these people can nd up later in life with rotten teeth or gum disease, saying: ‘If only I had visited the dentist more often when I was younger’. Likewise, school children who undervalue the long-term private benefit of education say later in writing a good essay life: ‘If only I had worked harder at school, I would now have a better, more enjoyable job with more pay. ’ 4Property rights in a market-based economy stem from the notion that an individual owns land or a good and can exclude other members of society from reviewed journals entering the land or using the good, unless they are willing to writing essay Cesar pay for the privilege. How To Opinion! 5Regulatory capture is the notion that a firm can exert undue influence over a government agency charged with regulating the market in which it operates. This can take the form of excessive hospitality, persistent lobbying, aggressive pressure backed up with litigation and, in the extreme, bribery.
This results in the regulator becoming either too friendly or too scared of the firm to fairly regulate its conduct in the marketplace; hence the term ‘regulatory capture’. 6A cartel is generally illegal because it is an anti-competitive trading restrictive practice which protects inefficient firms, raises costs and discourages improvements in dynamic efficiency. As a result of the principle of subsidiarity, UK and writing a good persuasive Cesar Ritz EU competition authorities work together. Write Essay! EU policy over-arches UK policy when an writing essay Ritz Сolleges Switzerland, EU-wide dimension is involved in essay writing St. Clair College relation to monopolies, mergers and trading restrictive practices. If the a good persuasive issue is strictly national, relating only to the UK, the EU leaves policy implementation to the UK competition authorities. See also the answer to how to essay di Belle Arti Topic 3 essay question 03 on pages 15–16 of these answers. Writing Cesar Ritz Switzerland! 7In 2008 and 2009 many banks in many countries, including the UK, were close to collapse. Some banks did collapse, such as Lehman Brothers in the USA. What Reviewed Appleby College! Banks faced the danger of possible collapse as a result of an writing essay Cesar Ritz, unexpected fall in the value of essay, their assets, stemming from the credit crunch and the sub-prime mortgage problem, which particularly affected US banks. The assets owned by the banks were now much less than their liabilities.
Banks make money by lending out a good essay Cesar Сolleges much greater sums than they receive as deposits from customers. Providing customers with deposits in a bank believe that their deposits are safe and how to write can be paid back on demand, the bank is almost completely safe, with a minimal chance of it collapsing. However, in 2008 and 2009, customers began to writing a good persuasive essay Сolleges Switzerland withdraw their deposits from banks, leading to a fear of a run on the banks, followed by possible bank collapse. With many industries, government ministers nowadays take the view that failing businesses should be allowed to collapse. However, this is not generally their view with regard to banks. Politicians fear a domino effect in which the collapse of one bank leads to a string of collapses in other banks. This fear, let alone actual collapse, can have a devastating effect on confidence in the economy, which may in a concluding essay NABA, turn lead to a collapse in writing essay Ritz Сolleges aggregate demand and the creation of recessionary conditions.
Government ministers also realise the crucial role of banks in opinion essay School providing liquidity to both households and firms. When the a good essay Switzerland banking system froze in 2007–08, firms found they were unable to borrow from banks. As a result, the cash supply to perfectly well-run firms dried up and some of them went out of business. All this helps to explain why the British government bought up a majority shareholding in the Northern Rock bank, RBS and HBOS, to enable these banks to continue trading. It was hoped that state ownership would secure the supply of loans both to journals Appleby College business customers and to mortgagees, though this hope was only partially met. At the time of effective nationalisation, the a good essay Ritz UK government stated that the nationalised banks would be returned to the private sector as soon as possible. Part of the Northern Rock bank — the so-called ‘good bank’ but not the ‘bad bank’ element which is still state-owned — has been returned to the private sector, rebranded as a part of Virgin Money. 8As the toronto St. Clair answer to question 7 mentions, part of the writing persuasive essay Northern Rock bank (which had been nationalised in 2008) was privatised in 2011. Many years earlier, British Telecommunications (BT), previously a nationalised firm since it was hived off from the Royal Mail, was privatised when the business was converted into opinion School a public limited company (PLC) whose shares were sold to the general public in Cesar Ritz Switzerland three tranches, in how to for essay Northfield Mount 1984, 1991 and 1993.
An example of deregulation was a change in the law to a good persuasive essay Сolleges allow building societies to compete with banks when granting loans to customers. How To Essay Chaminade Сollege! 9In terms of a good persuasive Cesar Ritz Switzerland, income, equality means that everyone receives exactly the same income. Equity relates to whether the University of California, (UCI) distribution of income between different people is fair or just. Writing A Good Essay! Equality is thus a positive concept, since people’s incomes can be measured to how to a conclusion Northfield see if they are exactly equal. Equity, by persuasive Cesar Switzerland contrast, is normative since it depends on people’s value judgements as to what is fair or just. 0In the poverty trap, also known as the earnings trap, low-waged people who pay income tax and Mount national insurance contributions (NICs) to the government and who lose welfare benefits, become trapped in relative poverty when their wages rise. The unemployment trap is closely related to the poverty trap, since both affect the poor and result from the nature of the persuasive essay Cesar Ritz Сolleges tax and is it good University (UCI) benefit systems. But people caught in the unemployment trap are out of work — at least in terms of officially declared employment.
The unemployment trap contains un-waged social security claimants who ‘choose’ unemployment because they are better off out of Сolleges, work, living on benefits, than in low-paid jobs paying income tax and essay NICs and losing some or all of their right to claim means-tested benefits. 1Fuel poverty is defined as existing among households who spend more than 10% of their income on fuel. In July 2011, the UK government reported that more than a fifth of all households in the UK were affected by fuel poverty in 2009. Higher fuel bills meant the number of homes affected rose by one million, or 22%, to a good essay Cesar 5. 5 million, according to the Department of Energy and Climate Change. Exam-style answers (data response) The impact of climate change on the UK economy 01Asian countries emitted 0. 9 billion tonnes of how to a conclusion for essay Hermon, carbon pollutants in Ritz 1990. This is forecast to rise to 5. 1 billion tonnes in 2050, an increase of essay writing toronto St. Clair, 4. 2 billion tonnes. This is persuasive essay Cesar Сolleges, a forecast increase of 467%. One significant feature of the how to write opinion School data is that, after 2010, the carbon emissions of emerging market countries is a good persuasive Ritz Switzerland, expected to continue to rise, whereas the rate of increase of the emissions of richer advanced countries (OECD countries) is expected to slow down (flatten), though not to fall. After 2010, the carbon emissions of non-Asian emerging market countries are expected to rise from about 1 billion tonnes to about 2. 7 billion tonnes.
OECD emissions are expected to rise from about 3. 5 billion tonnes to about 3. 7 billion tonnes over the same period. Are Peer Journals! Although this is an excellent answer, earning all 5 of the available marks, it is writing persuasive Ritz Сolleges, worth reminding you of circumstances in which candidates drop marks unnecessarily when answering this type of question. First, candidates often fail to read the in english data carefully and end up quoting numbers that are too far different from those in persuasive essay Ritz Switzerland the Extract. Second, even when the numbers quoted are accurate, candidates fail to include units of measurement (billion tonnes for both parts of this question, and a % sign for the % change in the first part of the answer). Third, in the answer to the second part of the question, it is vital to select a significant feature of the data rather than an insignificant feature. 02A public good, such as national defence, possesses the twin characteristics of non-excludability and non-rivalry. Non-excludability means that if the essay writing good is provided to one person it is provided to persuasive Сolleges Switzerland all.
It is impossible to exclude free-riders, i. How To A Concluding NABA, Accademia Milano! e. eople who get the benefits without paying for the public good. Non-rivalry means that when one person benefits from the good, it does not reduce the quantity of the good available for persuasive essay Cesar Ritz Сolleges other people. The gases and pollutants that are emitted into the atmosphere and lead to global warming are both externalities and a form of public ‘bad’. (A public ‘bad’ is the opposite of a public good. People are generally prepared to pay for the removal of a ‘bad’, to avoid the unpleasantness otherwise experienced. But in the case of public ‘bads’, such as rubbish or garbage, payment can be avoided by dumping the ‘bad’ in a public place, or on someone else’s property. Because of this, polluting gases are also externalities discharged in the course of production and a concluding paragraph essay Nuova Accademia Milano consumption, for example by power stations and motorists. The unwilling victims of global warming cannot opt out of being adversely affected by the pollutants and they cannot charge a price which the polluter must pay for the emissions discharged into the atmosphere. Taxation and regulation can in principle reduce that rate at which global warming is writing a good essay Switzerland, taking place. However, as Extract B explains, the emission of University (UCI), global-warming gases is persuasive Cesar Сolleges, different from the emission of many other negative externalities, for example traffic congestion. In the first place, the write for essay Mount Hermon emission is writing a good essay Switzerland, international.
No one country acting on its own can prevent other countries from continuing to emit gases. In the second place, the problem is historical. The atmosphere is continuing to how to essay in english Сollege Preparatory School warm up as a result of emissions which have occurred in the past, indeed since the beginning of the industrial revolution about two centuries ago. It may be impossible to stop continuing global warming simply by ending any further gas emissions, because pollutants already in persuasive Ritz Сolleges the atmosphere will continue to contribute to global warming. And with the rapid growth of the world’s population, it is probably impossible to write for an NABA, Nuova Milano keep emissions at their current level, let alone to reduce or to stop them.
This is a well-balanced answer, easily earning maximum marks — 4 marks for the snappy explanation of the meaning of writing persuasive Cesar Switzerland, a public good and 6 marks for the subsequent analysis of the issue posed by the question. It is important to writing College remember that only the final parts of context data-response questions and essay questions test the writing Cesar Switzerland skill of evaluation. Writing Essay Chaminade School! Evaluation is not required in the answers to earlier sections of the questions, including this part. Writing Persuasive Essay Switzerland! Do not be misled by the word whether, which you may think implies that answers should include some evaluation. How To Write A Conclusion For Essay Northfield Mount! This is not the persuasive essay Сolleges case. 03Extract C lists a number of benefits and costs that the UK economy may experience in future years as a result of continuing climate change. Write A Concluding Paragraph Essay Di Belle Milano! The first of Cesar Ritz Сolleges, these is flash flooding. This will exclusively have adverse effects, for example the destruction of property, agricultural land, crops and animals, and the loss of human life.
The second is a decrease in heating bills. If this occurs it will benefit every UK household, though as Extract C states, the benefits are likely to how to essay be offset by the increased use of energy to provide the power for air-conditioning systems which will grow in use if the climate becomes stiflingly hot in summer. The extract goes on to mention that ‘with fossil fuels becoming scarcer, the need to find more environmentally friendly methods of writing a good Cesar Ritz Сolleges, producing energy, such as solar, wind and water power, or geothermal energy, will become ever more pressing’. It is possible to take issue with this prediction, on the ground that it is now out of date. In one important way, fossil fuels are not becoming scarcer. Vast quantities of shale gas lie beneath the earth’s crust and the technology now exists to extract and use this quite recently discovered source of fossil fuel. Methane extracted from shale gas may soon be used in place of the diminishing conventional supplies of reviewed College, natural gas. Persuasive Essay Cesar Сolleges! Shale gas can be extracted at are peer reviewed journals College, an economic cost, and it will be used for writing a good persuasive Сolleges home-heating, to write The Village replace petrol and diesel fuel, and for the provision of electricity. But is this a benefit or a cost?
It is certainly a benefit in that it will enable economic growth to continue and standards of writing persuasive Cesar Ritz Switzerland, living to rise throughout the world. But it must always be remembered that shale gas is a fossil fuel. Its use will allow global warming to continue, perhaps at how to write a conclusion for essay Mount, an even faster rate than currently or in the past, with all the possible adverse effects on economies and on human life that have been predicted. Writing A Good Ritz Сolleges! Its growing use may also help to bankrupt renewable energy industries, particularly wind energy. If this is writing essay in english, so, shale gas will bring to a stop, or at least slow down, attempts to reduce dependency on fossil fuels. Air temperature rising by Ritz Сolleges 5°C may spell disaster for human-kind and life as we know it on planet earth. Appleby! Extract C mentions a number of other ways in which climate change may have an a good Сolleges, impact on the UK economy. These include the decline of ski resorts in Scotland, the essay growth of hotel resorts in writing a good persuasive Cesar Switzerland the south of the UK, and the effects on clothing sales, everyday food purchases, the construction industry, the types of crops grown in the UK, agricultural methods of production, and on how water is used and stored. However, in my view, all of these are relatively innocuous and are changes to which efficient markets, backed up by what are peer Appleby sensible government policy, can adapt. In conclusion, at the risk of being extremely pessimistic, I wish to return to Cesar the argument made in the previous paragraph.
Again in my view, the costs which the UK economy (and indeed most other world economies) may experience in write a concluding paragraph for an essay NABA, Arti Milano future years as a result of a good persuasive Cesar Ritz Сolleges Switzerland, continuing climate change are likely to be far greater, at a concluding for an NABA, di Belle Arti, least in the long run, than any likely benefits. Global warming will almost certainly increase air temperatures to a level at which human life as we have known it cannot continue. Writing Essay Сolleges! It may shift ocean currents in the North Atlantic so as to make the UK climate significantly colder, despite warming elsewhere in the world. How To Write Opinion School! Water shortages, if not occurring in the UK, may lead to attempted mass migration of people from poor to rich countries and to wars which destroy economic activity as countries fight over water and other resources and fight against writing Ritz Switzerland, inward migration of people trying to escape growing poverty and seeking a better life for themselves. The UK is likely to is it good suffer directly or indirectly from all these results of climate change. This answer scores 16 out of 25 marks and is placed at the top of level 3 (10–16 marks). Although the candidate evaluates throughout the answer, and also in a concluding paragraph, the force of the writing persuasive Сolleges Switzerland evaluation is weakened because evaluation is not preceded by strong enough analysis.
The analysis should have focused on diagrams showing the negative and positive externalities produced by global warming. The candidate draws on write paragraph essay NABA, Nuova di Belle, the prompts in the Extracts, but fails to analyse the implications of the prompts sufficiently. The answer veers on the side of being too superficial. Nevertheless, it is sufficiently sound to merit the top of level 3 and could possibly creep into the bottom of level 4. The grade descriptor for level 3 is: A2 |AO1 Knowledge and |AO2 Application of theories,|AO3 Analysis of economic |AO4 Evaluation of economic | |Levels mark scheme |understanding of theories, |concepts and writing Cesar Ritz Сolleges Switzerland terminology |problems and issues |arguments and evidence, | | |concepts and terminology | | |making informed judgements | |Level 3 |Satisfactory but some |Reasonable application to |Reasonably clear but may not|Superficial, perhaps with | |10–16 marks |weaknesses shown |issues |be fully developed and is |some attempt to consider | |(mid-point 13) | |Where appropriate, |perhaps confused in what are peer places |both sides of the a good essay Ritz Switzerland issue(s) | | | |reasonable use of data to write The Village |with a few errors present | | |Reasonable including some | |support answer |The answer is quite well | | |correct analysis but very | | |organised with some logical | | |limited evaluation | | |development | |
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Argumentative Essay on Effects of Ritz Сolleges Switzerland, Outsourcing in America. In today’s global business competitive environment, business organizations must innovative and adapt new strategies to sustain revenue generation, value while remaining competitive. Organizations have embraced outsourcing principles and adopted them to help in expanding to new markets (Odu 19). Outsourcing has enabled US multinational corporations to reduce costs and compete effectively in the global market. While the writing toronto College, proliferation of outsourcing has been beneficial to short term growth by taking advantages of; low wages, taxes and investment incentives in a good, developing countries, it will significantly dissolve the competitive advantages the United States enjoys. The outsourcing approach changes the writing essay Chaminade Сollege, historical model of economies of scale, the resulting intangible and a good essay Сolleges hidden trade costs of outsourcing shall have a heavy bearing on the US economy. The competitive advantage of high technology, support for startups will be gradually eroded, enabling developing countries to compete directly with the United States. Economist view outsourcing as new form of international trade. Currently more commodities are traded than it was in the past, this can be either good or bad from differing perspectives.
Most Americans hold the assumption that jobs, skills, money, and experienced are being shipped to foreign countries, and essay in english Chaminade Сollege recipient countries are making financial, socio-economic and development progress while the writing a good essay Сolleges Switzerland, U.S economy stagnates (Currie 47). This view has been strongly expressed leading up to how to write opinion The Village, the last two presidential elections, with candidates pledging to bring back “jobs”. Consumers have been accustomed and a good Ritz aware to the fact that significant proportions of manufactured goods are produced abroad by how to for an essay NABA, Milano, corporations taking advantage of low production costs. A new trend catching is outsourcing services with India taking a huge chunk of call centers catering for persuasive Ritz Switzerland, the American consumer. The notable divisions which companies outsource are customer support, human resources, accounting and manufacturing.
This has not been limited to these divisions, skilled personnel in information technology, engineering, pharmaceutical and Research and Development are facing greater threats to losing workers abroad. No American worker or politician is essay writing toronto College keen on promoting outsourcing. For example, a software engineer at an Information Technology firm can embrace the thought of losing his/her job to an engineer in India, willing to take half of the writing persuasive essay Cesar Ritz Сolleges Switzerland, pay. There is the write paragraph Nuova Accademia Arti, prediction that by 2015, more than 3.3 million white-collar jobs and wages amounting to over US$136 billion shall be lost in a good persuasive Сolleges, the economy. In addition the economy will be affected by worker dissatisfaction combined with risks occurring as a result of outsourcing (Hira and Anil 63). The resolution to how to opinion essay, outsource is most arrived at the interest of a good Cesar Ritz Сolleges Switzerland, lowering firm’s operational costs, increasing competency, making efficient use global capital, labor, scarce resources, infrastructure and technology. Outsourcing differs from off shoring, it is how to writing Preparatory School relative to the firm restructuring and organization of labor within and writing Cesar Switzerland between societies. Off shoring takes place when a segment of production process is moved off shore; sold or still under the control of a national firm. Companies outsource tactically to reduce and control operational coasts, am most importantly increase profits.
Access to low operation costs, college-educated workforce at a fraction of U.S national’s wages compels firms to take advantage of short-term outsourcing benefits. Partnership with other organization abroad provides U.S companies with access to new technology, tools and techniques that they may not posse, structured methodologies, procedures, documentation, and expanded skills offering competitive advantages. The partnership between Apple Inc. and Foxxcon Group provides a good example, in this arrangement Apple is freed up from manufacturing while taking advantage of (UCI), Foxxcon capabilities. Outsourcing has been used successfully to persuasive Ritz Сolleges, achieve cost saving propelling companies to Preparatory School, venture into foreign markets, these benefits however, do not offset the projected long-term impacts on United States industries and the economy. Countries trade to achieve and maximize economies of essay Cesar Сolleges, scale in production. How To Opinion The Village? No single country can produce want it requires domestically. Each country specializes in producing goods or services at large scale to lower costs which formulate a comparative advantage in exports. This trade advantage allows it to import goods that have high production costs domestically. Cost reduction is the essay Ritz, key reason why a company might consider outsourcing.
Tasks that are costly to what journals College, be done in-house get outsourced to partners who can offer the services at lower prices. For example, if a firm requires urgently a specialized software engineer it will be much cheaper to writing a good Cesar Сolleges, outsource the service than training a staff member. The hired expert will accomplish the task faster, efficiently and cost effectively. Access to experts does not only lower long term costs but providers companies with opportunities to explore new possibilities and venture into diverse work specialization enabling them to prosper in this changing times. Outsourcing presents firms with opportunities to enhance competitive strategies suited for the global market. By outsourcing product quality can be improved, lowering production costs which in turn are passed down to the consumer and increasing overall productivity of the business. With outsourcing, firms enjoy increased operational flexibility presented in several ways. For one, a firm has access to a large workforce at its disposal relived of how to write The Village, maintaining it on permanent basis. Writing Essay Ritz? This means that a firm is writing St. Clair able to a good essay Сolleges Switzerland, benefit from contact personnel minus the stress of worrying about layoffs or idle workforce. This flexibility presents companies with freedom to adjust workforce capacity and production capacity according to changing requirements and market trends.
Additionally, with outsourcing firms are equipped to what are peer reviewed Appleby, handle unforeseen events like unanticipated delays, work errors or changes in management or production plans. More importantly, by being flexible firms can deliver on projects timely to the satisfaction of the clients (Ching 34). Proponents of outsourcing point out a good essay Ritz that by doing so firms can free up capital funds and limited time to focus on core business activities. Ancillary jobs can be performed by contacted firms or individuals. Firms especially in manufacturing are able to access latest production technologies and equipment without purchasing or maintaining them. Good outsourcing relationship presents firms with unmatched opportunities to access a network of business partners. For example, electronic assembling firms in essay St. Clair College, China partner with more than two electronic manufactures, firms sharing one assembler can benefit from the supply chain such as sourcing from a chip maker or glass display maker. The United States has a comparative advantage in industries that require highly skilled labor and capital investment. The highly skilled workforce with a strong knowledge base gives the writing essay Ritz Сolleges, U.S edge in the global economy. No other country has a high turnover rate of essay College, business startups as compared with the U.S. Corporations by shifting some of a good essay Cesar Ritz, these jobs overseas to is it good of California, Irvine, benefit from reduced costs distribute knowledge and writing persuasive Cesar Сolleges facilitate spillovers.
Economies such as India or China, receive spillover benefits from influx of knowledge enabling them to essay writing toronto College, advance their economies. A direct result is that competitiveness of U.S technology is placed at risk as its competitive edge advantage is lost from the U.S control (Mascarenhas 53). Writing A Good Persuasive Essay Cesar Ritz? Additionally, the U.S must compete directly with emerging economies in highly specialized areas that it has enjoyed greater monopoly. Aerospace manufactures that now outsource subassemblies are at risk in the long term of creating competitors. These partners now building components may one day build whole jets largely due to technology, trainings and a conclusion Northfield Mount Hermon contacts provided by U.S firms. U.S aerospace firms do not have guarantees that their intellectual properties shall be protected.
Manufacturing is vital to a nation, it fosters a strong domestic economy, generates employment sustaining family wages and salaries, resulting in decent standard of living for the working class. Writing Persuasive Ritz Switzerland? Manufacturing firms large and small are bastions of state and local economies, supplying jobs and tax revenues to are peer reviewed journals, finance essential public services. Manufacturing creates economic activity spillovers in other sectors that supply intermediate goods and services. It also stimulates creation of numerous high-end job services such engineers and programmers in persuasive Cesar, software technology within local economies. Additionally it drives economic productivity, innovation and engine of overall economic growth. Manufacturing of semiconductors, the basis of modern electronic devices, prominently add value to the U.S economy proving high-value-added production, high-wage jobs, efficiency and productivity gains, and wage growth. Notwithstanding this, the are peer reviewed Appleby College, United States is losing capacity and leadership in production of persuasive essay, semiconductors. William J. Spencer (Emeritus of International Sematech chair), summarizes the leadership concerns by suggesting that a blend of market forces and foreign policies is creating powerful incentives to reallocate new chip fabrication overseas. If the trend persists, U.S leadership in chip design and how to for an essay Nuova di Belle Arti manufacturing will erode with unpleasant consequences. Productivity growth will slump down severely impacting the economy spilling over to military security and might.
These warnings have been raised by writing Сolleges Switzerland, the National Security Agency and how to essay Chaminade Сollege School independent institutes. The semiconductor business demonstrates the a good Cesar Сolleges, problems arising from outsourcing key industrial sectors critical for preservation of what reviewed journals College, critical national security requirements. Writing Cesar Ritz Switzerland? Natural disasters in South East Asia were chip production is being outsourced; possess a fundamental threat to electronics supply chain. For example the essay writing College, 1999 earthquake measuring 7.6 on the Richter scale that struck Taiwan shut down factories in Ritz Сolleges, Hsinchu industrial district disrupting the supply of wafers. Additionally, offshore sourcing and production of chip presents a potential threat to classified information embedded in chip designs. It greatly increases the paragraph for an Nuova di Belle Arti Milano, possibility of unfriendly governments or non-state actors embedding Trojan horses, worms or malware in foreign manufactured chips to be used in military or intelligence applications. As other nations execute strategic industrial policies to writing a good persuasive essay Cesar Ritz Switzerland, build up their technological capacities and strong, modern manufacturing base, U.S. policies continue to encourage U.S. manufacturers to essay writing College, shift their operations offshore. A comprehensive strategy aimed at reversing the decline in the nation’s manufacturing base will be sufficient for persuasive Ritz Switzerland, safeguarding and revitalizing the industrial base in the coming decades in face of looming competitive global commerce. Another long term affect that poses much greater in addition to knowledge spillovers is the lack of local talent available to be utilized in the economy. College enrollment for courses leading to high skilled jobs as suffered a setback due to Chaminade Сollege School, uncertainties associated with outsourcing of these jobs. Writing Ritz Сolleges? In addition, the U.S economy is at in english Chaminade Сollege risk of losing its attractiveness to skilled immigrants.
Outsourcing disrupts education evident with the college students shunning to pursue high-tech fields and opting for essay Ritz Switzerland, business oriented courses. Students are concerned that by St. Clair College, pursuing these course coupled with instability in the labor market they face risks of losing out due to outsourcing. Studies show the proportion of graduates planning to major in computer science or engineering is writing a good persuasive essay now 70% below its peak in is it University (UCI), the early 1980s (Santos 87). With companies shipping IT operations to countries such as India and China, these countries are capitalizing by writing a good Cesar Ritz Сolleges, investing heavily in education and training to continue to attract, retain best talents, and maintain competitive edge in the global IT industry. The increasing deficit in trade posse’s long term effects on the growth of the U.S economy.
The U.S economy consumes more than it produces. This deficit cannot be scaled down if economic activities continue to be exported overseas. Writing Toronto St. Clair College? Goods and services produced and provided by U.S firms are being imported back to the U.S worsening the deficit situation. A Good Cesar? Outsourcing also diminishes the purchasing power of workers and how to write a concluding for an NABA, Nuova shrinks their presence in the consumer market. Most outsourced jobs to essay Cesar Ritz Switzerland, developing countries are not replaceable and present difficulties returning them back. It also means that the few remaining positions, individuals willing to take them must accept wage cuts and reduced benefits that they would have received if these jobs were not outsourced (Bureau of Economic Analysis and Bureau of Labor Statistics). Outsourcing creates a population of underemployed and severely affects the middle class purchasing power.
Employment losses results in lower incomes, degraded life value, decreased motivation and diminished spending. Failure by consumers to spend puts a strain on the economy; if money is not ploughed back the economy struggles to grow (Schniederjans, Ashlyn and Dara 6). School? A struggling economy impacts negatively on home ownership, individuals cannot purchase new homes or take up mortgages and foreclosures increase. Outsourcing is harmful to revenue collection to local, state and federal governments. Firms pay fewer taxes, reduced payroll receipts and fewer contributions to social security and Medicare (Khosrowpour 56). If foreign outsourcing on balance raises economic well-being, policies aimed at arresting that activity would have a net economic cost. Writing A Good Persuasive Cesar Ritz Сolleges? There are, however, other avenues for policy response that most economists think could be generally beneficial. How To A Concluding For An Essay NABA, Accademia Di Belle Arti Milano? One avenue is to a good persuasive essay Cesar Ritz Сolleges Switzerland, work to expand overseas markets through further removal of College, foreign trade barriers against American exports. A second avenue would be to use policy to boost the benefits of trade by correcting deficiencies in writing Ritz, the economy’s ability to create new products and processes that could become attractive exports. A third avenue is to use economic policy to remove any unwarranted bias against the economy’s tradable goods sector caused by an elevation of the incentives toward foreign outsourcing that arise from the economic forces generating the trade deficit (Taylor and University Irvine (UCI) Akila 26).
A fourth avenue would be to use policy to address the hardships and inequities arising from trade and foreign outsourcing by extending compensation and more effective tools for adjustment to those who are hurt by the disruptive effects of foreign outsourcing and other market forces. Signs of Changing Trends. The U.S. Congress of writing a good persuasive Cesar Ritz Сolleges Switzerland, recent has taken action to essay writing College, limit outsourcing and off shoring by adjusting the writing persuasive Ritz, nation’s inter-national commerce policies, however, further measures must be done. The President has backed creation of more employment opportunities rallying for greater investments in infrastructure and is it Irvine moving rapidly towards clean energy driven economy. A Good Persuasive Cesar Switzerland? State like Ohio have implemented policies and passed laws limiting the flow of public funds to good Irvine (UCI), foreign firms. In addition, some corporations and entrepreneurs have begun to question the wisdom of outsourcing, deciding to writing persuasive Сolleges Switzerland, set up new facilities in the United States, expand their operations within the country and establish firms taking advantage of American workforce skills, knowledge and capabilities. The federal government must immediate actions in partnership with the private-sector stimulate economic growth, job creation, enact policies, and establish long term strategic programs aimed at rebuilding the middle class and rebalancing the American economy.
There are two identified measure before Congress that can be used some of the worst trade offenses. The first recognizes the manipulation of the Chinese currency, undervalued approximately 40 percent with respect to Сollege Preparatory, the U.S. dollar. A Good Persuasive? Thus, costing the U.S. economy more than 3 million jobs. The Chinese government continues to how to in english Chaminade Сollege Preparatory, violate its international obligations with respect to writing essay Cesar Сolleges, championing and safeguarding workers’ rights, human rights, illegal subsidies, currency manipulation, and respect for intellectual property rights by its citizens. Congress has been urged to enact a comprehensive trade bill enabling the federal government with tools to address these challenges combined with strengthening trade laws and their enforcement. The current tax regulations permits U.S multinational corporations to postpone tax payment on foreign earnings until those earnings are repatriated.
These provisions encourage continued investment in foreign economies with low tax rates at the expense of creating jobs in the U.S economy, and further tilting trade deficit in favor of emerging economies. Comprehensive tax reforms reflecting the is it good University of California, Irvine (UCI), changing situations need be recommended and enacted. These regulations must be punitive to businesses or hinder foreign investments and writing a good persuasive essay Cesar Switzerland expansion by U.S firms. Outsourcing has transformed the ways in which nations interact. Corporations have fragmented their operations internationally in order to concentrate exclusively on their core competencies.
Short-term benefits, such as cost savings were identified, however several intangible consequences and write opinion essay hidden costs were overlooked that will have an effect on the U.S. economy in a good Cesar Сolleges, the subsequent years ahead. There is still a lot we do not know about outsourcing, largely because the available data does not provide information needed to how to The Village School, fully understand its magnitude, the reasons behind it, and the actual effects it has on the economy. However, there is still substantial information that can be examined to analyze the long-term consequences that will alter our economic status. The sudden increase in outsourcing highly skilled professional jobs may be suspending our position in the world as a lead economic power. Companies must realize that their strategic advantages will thrive based on maximizing their knowledge-base, which is achieved through employing highly educated U.S. workers.
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