Different sectors and their current performance Essay

Different sectors and their current performance - Essay Example United Kingdom’s construction sector is important for the country’s economy and has a number of services,products and technologies. These differ in economic value realized from them relative to their varied outputs regarding skilled and unskilled labor, knowledge, raw materials, intangible investment and raw materials. It must also be noted that the construction industry in the UK has been growing in terms of maintaining, designing and developing, operating and repairing of buildings (CIB, 2010). These and more are captured in this paper which looks into five key sectors in the UK construction industry. Private house builders Private house builders in the United Kingdom normally raise money to put up buildings and projects. They are then paid by their clients or the government upon completion of the projects but with interest (CLG, 2010). The payment is distributed evenly over a given contracted period of time when the building process runs. Their roles comprise buildin g of houses, large buildings, estates as well as developing structured facilities for example manufacturing buildings. They are mostly associated with cheap labor which they employ in the building process while at the end of the day they reap huge sums of money in return which guarantee them huge profits. Some of the activities which are presently being worked on by private house builders include putting up of a 75-storey Hertsmene House on the Canary Wharf and building up of residential houses in new towns (CIMR, 2003). This housing project is set to take three years and its benefits are projected to boost the country’s economy. This will be in terms of investment prospects which have since been defined and planned for the building once it is complete. Social house builders UK has in the recent past had an increased rate in worker housing needs hence calling for new developments to build houses for workers (BIS, 2012). Social house builders are concerned with such building d evelopments in which they are charged with the task of building worker houses. This considers costs for constructing the houses which are usually a target of low cost ownership of homes for workers. There are quite a number of social house builders whereby some work as single entities while others work in partnerships. This has also led to emergence of associations for housing projects and at least 5000 new homes are said to be in the process of being constructed at the moment (Leftly, 2010). These are projected to take approximately a year and are set to benefit the worker community especially in relieving them from the strain of house seeking at convenient places. Social house builders understand the specific needs and requirements which are associated with affordable housing constructions. This is mainly with regards to housing designs and building approaches employed in building the houses. Social house builders are always focused on benchmarking their present position while als o look into ways of improving their building performances (UKCES, 2012). They are also keen to offer affordable housing and help in addressing particular needs of people relative to culture, security, language as well as accessibility to services. Private commercial builders Output of commercial building process in the UK has off late been noted to account for 18 per cent of all the work associated with construction industry (UKCES, 2012). Private commercial builders has however, been on the rise in the country with most of them targeting construction in various areas. They have been into construction of residential buildings whereby new building projects, renovation works, home improvements and extension projects have been part of their dealings. They have also been into commercial construction projects both in the public sector and private sector. Their main concentration has been construction of both commercial and residential build

Is the Marxist critique of capitalism still relevant in the Essay

Is the Marxist critique of capitalism still relevant in the contemporary global political economy - Essay Example This system argues that many businesses would ensure the presence of diverse products and services of topmost quality at a minimal cost. (1) Probably, the biggest criticism leveled by Marxism is that, Capitalism does not ensure equitable distribution of resources as the economy is primarily controlled by few powerful entities in the market, rather than any authority of the state. This leads to a scenario where the less powerful are subjected to exploitation by the mighty market forces. (2) In capitalistic economy, a substantial chunk of the manufacturers and producers pertain to the private sector, and are propelled by the major objective of enhancing profit. In this quest of theirs’, there is every possibility of the interests of the weak market entities getting jeopardized. (2) Over the past two decades, there has been a phenomenal surge in growth of technology and telecommunications. The advent of Internet has made the globe a very small place, with the geographical distances being of almost no relevance. As a matter of fact, this technological surge played a pivotal role in speeding up the process of globalization. Interactions, both commercial and political, among various countries have now become the order of the day. The rapid strides taken by the sphere of telecommunications led to the advent of many business entities, which are being enabled to carry on operations in many economies in a highly amicable environment. These state of affairs led to a scenario conforming to the tenets of Capitalism – countless business conglomerates have emerged, and which are now wielding tremendous economic power. Capital in the market is now being controlled by numerous forces. An extensive range of products and services are now being offered to consumers, especially in relation to the scenario of the past era where choices for consumers were limited. At

Different sectors and their current performance Essay

Different sectors and their current performance - Essay Example United Kingdom’s construction sector is important for the country’s economy and has a number of services,products and technologies. These differ in economic value realized from them relative to their varied outputs regarding skilled and unskilled labor, knowledge, raw materials, intangible investment and raw materials. It must also be noted that the construction industry in the UK has been growing in terms of maintaining, designing and developing, operating and repairing of buildings (CIB, 2010). These and more are captured in this paper which looks into five key sectors in the UK construction industry. Private house builders Private house builders in the United Kingdom normally raise money to put up buildings and projects. They are then paid by their clients or the government upon completion of the projects but with interest (CLG, 2010). The payment is distributed evenly over a given contracted period of time when the building process runs. Their roles comprise buildin g of houses, large buildings, estates as well as developing structured facilities for example manufacturing buildings. They are mostly associated with cheap labor which they employ in the building process while at the end of the day they reap huge sums of money in return which guarantee them huge profits. Some of the activities which are presently being worked on by private house builders include putting up of a 75-storey Hertsmene House on the Canary Wharf and building up of residential houses in new towns (CIMR, 2003). This housing project is set to take three years and its benefits are projected to boost the country’s economy. This will be in terms of investment prospects which have since been defined and planned for the building once it is complete. Social house builders UK has in the recent past had an increased rate in worker housing needs hence calling for new developments to build houses for workers (BIS, 2012). Social house builders are concerned with such building d evelopments in which they are charged with the task of building worker houses. This considers costs for constructing the houses which are usually a target of low cost ownership of homes for workers. There are quite a number of social house builders whereby some work as single entities while others work in partnerships. This has also led to emergence of associations for housing projects and at least 5000 new homes are said to be in the process of being constructed at the moment (Leftly, 2010). These are projected to take approximately a year and are set to benefit the worker community especially in relieving them from the strain of house seeking at convenient places. Social house builders understand the specific needs and requirements which are associated with affordable housing constructions. This is mainly with regards to housing designs and building approaches employed in building the houses. Social house builders are always focused on benchmarking their present position while als o look into ways of improving their building performances (UKCES, 2012). They are also keen to offer affordable housing and help in addressing particular needs of people relative to culture, security, language as well as accessibility to services. Private commercial builders Output of commercial building process in the UK has off late been noted to account for 18 per cent of all the work associated with construction industry (UKCES, 2012). Private commercial builders has however, been on the rise in the country with most of them targeting construction in various areas. They have been into construction of residential buildings whereby new building projects, renovation works, home improvements and extension projects have been part of their dealings. They have also been into commercial construction projects both in the public sector and private sector. Their main concentration has been construction of both commercial and residential build

Eco204 potato chip monopoly Essay Example for Free

Eco204 potato chip monopoly Essay A monopoly is an industry composed of only one firm that produces a product for which there are no close substitutions and in which significant barriers exist to prevent new firms from entering into the industry (Case, 2009). In a different definition, it can be distinguished by a lack of financially viable competition to produce the goods or services as well as to substitute goods. Monopolies often refer to a procedure by which a company could gain a determinedly larger market than what would be expected under an ideal competition. This paper will emphasize on several components such as how a monopoly can benefit towards stakeholders or owners. Also, how the changes could take place according to price and output of the goods and services in a particular market place and how the market structure can be beneficial to the Wonks potato chip monopoly. This paper addresses a particular incident regarding a company called â€Å"Wonk† that produced potato chips. In 2008, two lawyers started acquiring aggressive potato chip firms with the plan to create a monopoly firm ‘Wonk’. From this perspective, those lawyers hired a consulting firm to manage and estimate the long-run competitive stability of this firm as monopoly. Again, with rule of marketplace a monopoly is a company which produces goods and services for which there no substitution in that particular area to compete for those certain products or services and prohibits new companies enter in that market to serve that community. By acquiring all the farms that produce similar products like potato chips those lawyers made a perfect monopoly of its kind. A perfect or pure monopoly would definitely make this firm to control the entire business of that kind. This is how this â€Å"Wonk† takes over its significant position and which reflect on the market demand curve. This company with two lawyers now would have power over everything from output quantity, to price point and as well as customer choice. In this case the cost of production would the only thing remaining against them. When the firm has over all control to what extent of production would take place and how much production would be continued based on demand and thus the firm controls their position on the demand curve. This would be a great example of Monopoly. By running a company as a monopoly there would be no difference between the product market and the company. (Case, 2009) Since the company is the market place where it would eventually decide what move should they make, what is going on in terms of external and internal operation of the business. This situation could generate a significant price unfairness, which would definitely impact families, consumers and suppliers of the goods and services. This kind of discrimination could affect suppliers being charged a higher fee for the similar goods and services in the area where they reside or within their reach. In these circumstances, monopoly would ultimately affect the society and regular consumers. Some families would have to pay higher than others for trading the same goods and services if it was purchased from different location or city where this type of Monopoly does not exist. When a manufacturer negotiates a lower rate that might be a different case whether it acts as Monopoly or not it takes a different direction and breaks the monopoly games. As a business owner or consumers, it is definitely not very beneficial to have a firm that is monopoly due to its power and control that affects consumers or the society. One of the most important components of monopoly is the improved price discrimination which often allows a monopolist to increase greater profit by charging more money to those consumers that require in higher demand and those who need the product more or who have a better ability to bear the cost. For example, most of the textbooks cost significantly higher in the United States than in a third world country like Sudan. Monopoly embraced company has serious power to be in charge of price point, which can affect the business and supplier and then ultimately the consumer. In this case the business of Wonk as monopoly, the owners are required to only have only a few choices to acquire the potato chips ingredients products. This type of situation obviously playing a huge role in monopoly where owners selling price would be affected if the remarkable producer started increasing their price point based on this simple fact that they have the authority and own all market shares. This control of the market would definitely affect the buyer’s price and finally when the consumers acquire. If a company increase or decrease the prices in the market, the producers can change and adjust the demand and total quantity of goods and services that manufactured for consumers. Monopolies are usually good for the company owners and shareholders when they know that the market is captured by their company. Therefore, they attract more people to buy shares due to better revenue and sound financial outcomes. Similarly, the Wonk potato chips company would benefit by operating as a monopoly and take advantage of the situation. In this case, Wonk would have the precise knowledge and understanding of how they would move their products and fully aware of the market condition. Since they control the overall market they would not have any competition with their products to move whenever it requires. By controlling production and the amount of product to be received by the consumer, Wonk Company would control the selling price due to all the power of what a monopoly creates demand on their own. Since, the company is free from competition they could easily increase their price of products as much as they want. Therefore they would benefit from this opportunity once all price position is recognized. If the company increases its price too high at certain limit, Wonk could face a serious challenge to satisfy the consumers. But, that affect in the long run. Ultimately Wonk has the control to set pricing by operating as a monopoly. This decision as to where to set pricing can ultimately impact the demand curve. When company set its price the consumers could miss the value of products and services in a fair market. As a producer or a supplier it is very important to continuously satisfy customers and consumers and should be the first choice to satisfy from the chain. This situation could generate an impact on market demand resulting in a loss of revenue. By setting price point to low, the manufacturer may need to sell much more product to compensate for production costs. When dealing with monopolies in other areas except food manufacturing industry, we could determine that there is no limit to how high price point. But for this particular industry, I would say that the price point would not increase right away since the Wonk has realized that it’s not viable for them to increase price point in an higher set, because it could drive all the customers away from the business. Of course I do believe that the company would increase the price in acceptable manner that consumers still keep faith on the company. Wonk, a monopoly business would have many significant benefits as an ideal, healthy company in perfect situation with any competition. Since they are the only the producer of goods and services in the market the potato chip market in whole would be fully controlled by Wonk. Since A perfect competition industry would allow a fairness of price setting, most companies would sell competitive products, and there would no company larger to capture a unwanted price. Here, Wonks most certainly would buy out all relevant potato chip rivals and thus, they would control the potato chip industry which would not qualify for a perfect competition market. Therefore, their profit would sky rocketed and on the other had consumers would be refrained from a better price for quality products that has competition. In an ideal world as a consumer, I believe everyone would contribute to a perfect competition and buy goods and services from a monopoly free, ideal competitive industry. In a competitive market the buyer has the option to choose what products is suitable for his or her needs and would have many choices to pick from. The biggest advantage for the customers would be many different option and types of products and many different prices (Case, 2009). Monopolistic market drives the producer to shares many small segments of the market which usually helps keep the price of the products in an acceptable stage and consumers could afford happily. I believe different choice of prices would absolutely be an advantageous method for to the consumers. Wonks could face charges for practicing monopoly with the Sherman Act of 1890. The Sherman Act states that it is illegal for an individual or a company to operate a monopoly business or attempt to monopolize. There are many different government authorities are in charge to restrict the rules. The offices that handle the authority to implement and regulate are Federal Trade Commission and Antitrust Division of the Justice Department. By enforcing these acts and laws the Federal Government has been fully determined to keep firms to stay away from monopolize. Monopoly business, Wonk restricts a good fairness market which only made profitable for itself but made the consumers refrained from open and fair choices of market shares. Wonk made them the only choice available for consumers regardless of quality products such as potato chips. As consumer, I would not accept one choice of product. I would like to have many different price and quality products available for me to be fully satisfied. Thus it is absolutely clear the reason why federal governments put laws on the table to protect customer’s right and let other business have their opportunity to serve with variety of goods and services. It is clear that Wonk, a monopoly company certainly in control of everything and benefits from every direction from price to quality to consumer’s choice. References Case, K. E. , Fair, R. C. , and Oster, S. M. (2009) Principles of Microeconomics (9th ed). Upper Saddle River, New Jersey: Pearson Kelvin Lancaster (1974), Introduction to Modern microeconomics, Second Edition, United States: Rand McNally College Pub. Co Michael Parkin (2008) Economics, Eight Edition. United States: Pearson Education Published by Addison-Wesley, Inc. Paul Krugman, Robin Wells (2010), Microeconomics, Second Edition, United States: W H Freeman Co.

Livelihood in Myanmar

Livelihood in Myanmar Significance of the Study Myanmar is the agricultural based economy with very rich resources. Agricultural, including livestock and fishery is most important sector for Myanmars economy. The key crops for the agricultural sector are rice, pulses, beans, sesame, peanuts, sugarcane and etc. Nearly three quarters of the population who live in rural areas main livelihood depend on that sector. Environmental resources directly support the basis of the livelihoods of poor people in Myanmar. Myanmar faces environmental problems arising from underdevelopment and poverty. It has some problems of deforestation, loss of biological resources, land degradation due to wind and water erosion, urbanization and mismanagement. Every economic action can have some effect on the environment, and every environmental change can have an impact on the economy. Environmental management, such as, forestry operations; improvements in air quality; changes in environmental institutions and governance; and investment in water and sanitation infrastructure are important. Poor countries are much more dependent on natural resources as assets than rich countries. Wealthier households have greater access to environmental infrastructure and better health outcomes. Health targets requires public policies that focus on reducing environmental risk factors through better access to basic environmental services, as well as better access to health and education services. A link between natural resources, the environment and poverty is at least plausible. Environmental change, particularly of local natural resources, can affect poverty through many pathways. Consider poor households welfare depend on assets that the household has. These assets may include biophysical, human, environmental, and constructed capital. At any point in time, household well being depends on the return to these assets and any exogenous shocks. Exogenous shocks simply reflect unexpected changes as a result of natural disasters, death, or market changes. Further, returns to assets generally have two components: (1) known returns (2) an uncertain component that depends on weather, sickness, and so on. Changes in welfare can thus result from three types of changes: (1) changes in asset holdings, (2) changes in returns to these holdings (3) changes in exogenous income, which can be positive or negative. While we use household income and welfare interchangeably, we recognize that income is only one measure of well being. Changes in environmental management can have two effects in the short to medium term. First, it can change the return to assets. Agro-forestry techniques might contribute to improved indoor air quality, health, and productivity. Then, second, improved environmental quality would be to add greater value to the flows from household land or labor. Any Health improvements that come from environmental management will also have direct welfare impacts that are independent of productivity improvements. Changes in resource management can also increase household assets. Improved environmental quality may contribute to reduced mortality and greater labor power. It is important to recognize that labor is often only asset that poor households have, and that sickness and death can have intergenerational affects. Any improvement in environmental health can have long-term impacts on households ability to move out of poverty. Environmental changes can contribute to unexpected shocks. Climate change can increase the variability of returns, for example, with greater variation in rainfall patterns, the variability of crop yields may increase. On 2 and 3 May Cyclone Nargis struck Myanmar and 31 townships were significantly affected by the cyclone in Ayarwaddy Division and Yangon Division. The damage was most severe in the Delta region, also known as the countys rice bowl. Delta is by no means of poorest parts on Myanmar. However, development is relatively limited. As agriculture is the driving force for that area, the uncertainties impact on the households of income in others sectors. The people in Delta are primarily farmers, fisher man and labors, with a smaller proportion engaged in the service industries and as traders. Approximately 50-60 percents of families in the Delta are engaged in agriculture. River basin areas are removed the covering by forest, leading to kore frequent and severe flooding. After that disaster, many aids projects are supporting for the vulnerable. It has been after two years Nargis. The aids agencies are still supporting for them. However, they support most of the people in rural areas are much worse off today than a decade ago. Farmers incomes are barely enough to provide food, with left over for clothing, school fees, shelters, supplies or medicine. Environmental problems including deteriorating water supply and diminishing common property resources further impact the poor. This study focuses on the farmers from the Pyapon Township from Nargis Affected area. As mentioned above, that area is very important for the agriculture sector, it has been two years after Nargis, the situation of farmers are remain unchanged. The research will find out, how the poor families coping with collapsing livelihood and income? and what are the problems for them? And what are the immediate aids for farmers to solve these problems? Do the recovery aids for livelihood of farmers improve their welfare environmentally, technically and economically? The more the environment is used up by this mining of the land, trees, fishes and other resources, the frequent and severe floods, drought and other national disaster will be. Now, there are changes in delta hydrology caused by the flooding and impact on soil quality due to salt water erosion. There is also less fresh water at that area. Which problems they will face later? What kids of environmental management technique for their improvement? What should be done to overturn the current trend?

Desirees Baby - A Short Story by Kate Chopin :: Kate Chopins Desirees Baby

"Desiree's Baby'', is about a young lady who was nameless and abandoned as a child. Desiree was a child who's future was uncertain until she was found by the Valmonde family. During this time of the Valmondes' life, they had not been blessed with any children, therefore they took in Desiree and raised her as their own child. From the very beginning of the story, I knew that this would be something that I would enjoy. The Valmonde's taking in this child as their own, is two blessing in one. Desiree gets the love and support that she needs from parents; and the Valmonde's get a child that they are now able to give love and support to. Growing up to become a a beautiful lady, she attracted the attention of Armand Aubigny Armand was a neighboring plantation owner and bearer of one of the finest names in Louisiana. If I were in Desiree's shoies, I would have thought I was something by dating one of the well-known plantation owners. By this time, Desiree's father was reminding Armand that they didn't know were heritage, but still he insisting on persuing her anyway. Which by the way, that sometimes happens when you find someone that you really like. Regardless of what anyone has to say or tell you about that person you are going to still want to be with them. As time went on, Desiree and Ahmand became united in holy matrimony. To their union a child was born. Now, the problem begins. It wasn't until there was a question about the baby's race, the hardship on the plantation began. Only because her identity resembled that of a slave. While now, she would have to leave the plantation, only because of the outer appreance of the child. When all along, I feel that Ahmand knew that he was the cause of the child African decendency.

Grapes of Wrath Essay: Moving From Me to We -- Grapes Wrath essays

Moving From Me to We in The Grapes of Wrath      The play, The Grapes of Wrath, explores how the Joad family adapts to a new reality, how their concern changes from their own family and problems, to other families and their difficulties, until their concern includes all of the migrants and the larger problems of unemployment and prejudice. The Joad family’s journey to California results in the breakup of their family. The very first cause of the breakup of the individual family was with the loss of their land. The Joad family had lived there for many generations and had very strong ties to the land. Losing their land was equivalent to losing their family history. This is expressed by â€Å"She puts them in her pocket, closes the box, stands and with resignation tosses the box on the fire†(Galati 21). It is very evident that ma is reluctant to let her past go. On their journey they lose their first family member, Grampa Joad. This shows that there is a strong connection between a man and his home. Grampa’s great longing for his homeland ultimately resulted in his death.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The shift from individual thinking to wide spread thinking is most directly seen in the actions of Tom Joad. In the beginning of the play Tom is mainly concerned for his own welfare. He wants to make up for all the things that he missed while in prison. Later on in the play he is more concerned with the welfare of the people. Then finally his thinking had shifted to trying to do what is best for all the migrant people by helping them organize into striking. Casy also had foreseen trouble along the way, but the family still pursued west. When Casy states â€Å"I’m all worried up. I been watc... ...any other people in their situation. In the end, Ma realizes that the family doesn’t come first anymore but anybody who just needs help should come first. Everyone had a shift in thinking - sometimes it takes a tragedy to make you see things in a new and different way.      1.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   You should include a conclusion paragraph in your paper.   A conclusion re-caps on what you have discussed in your paper.   In one sentence each describe what you wrote in each paragraph.   Then combine all of those thoughts into one sentence to end your paper.   The conclusion paragraph begins specifically with each theme but broadens, by the end, to include every theme. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Also always be sure to cite each quote.   Make sure that you have the author and the page number every time.    Grapes of Wrath Essay: Moving From Me to We -- Grapes Wrath essays Moving From Me to We in The Grapes of Wrath      The play, The Grapes of Wrath, explores how the Joad family adapts to a new reality, how their concern changes from their own family and problems, to other families and their difficulties, until their concern includes all of the migrants and the larger problems of unemployment and prejudice. The Joad family’s journey to California results in the breakup of their family. The very first cause of the breakup of the individual family was with the loss of their land. The Joad family had lived there for many generations and had very strong ties to the land. Losing their land was equivalent to losing their family history. This is expressed by â€Å"She puts them in her pocket, closes the box, stands and with resignation tosses the box on the fire†(Galati 21). It is very evident that ma is reluctant to let her past go. On their journey they lose their first family member, Grampa Joad. This shows that there is a strong connection between a man and his home. Grampa’s great longing for his homeland ultimately resulted in his death.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The shift from individual thinking to wide spread thinking is most directly seen in the actions of Tom Joad. In the beginning of the play Tom is mainly concerned for his own welfare. He wants to make up for all the things that he missed while in prison. Later on in the play he is more concerned with the welfare of the people. Then finally his thinking had shifted to trying to do what is best for all the migrant people by helping them organize into striking. Casy also had foreseen trouble along the way, but the family still pursued west. When Casy states â€Å"I’m all worried up. I been watc... ...any other people in their situation. In the end, Ma realizes that the family doesn’t come first anymore but anybody who just needs help should come first. Everyone had a shift in thinking - sometimes it takes a tragedy to make you see things in a new and different way.      1.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   You should include a conclusion paragraph in your paper.   A conclusion re-caps on what you have discussed in your paper.   In one sentence each describe what you wrote in each paragraph.   Then combine all of those thoughts into one sentence to end your paper.   The conclusion paragraph begins specifically with each theme but broadens, by the end, to include every theme. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Also always be sure to cite each quote.   Make sure that you have the author and the page number every time.