Thursday, December 26, 2019

The Wealth Of Nations By Adam Smith Essay - 1772 Words

In the Wealth of Nations, Adam Smith talks about international trade and subsequent government policies which became increasingly significant throughout modern history. Protectionism is the term for economic policies of restraining trade between countries when they want to protect their domestic industries from foreign competition. Trades nowadays have different forms and methods and involve more businessmen as well as consumers, which is why trade diplomats are looking to regional agreements. The US experienced two major economic declines during the 20th century, both of which had much to do with international trade. Smith mentioned tariffs in the 18th century, but the role and forms of protectionism have changed across time, so we should know whether the development of economy should actually be correlated with or decided by the political sector of the society and when protectionism will benefit or hurt economy. Main protectionist policies include tariffs, quotas, embargos and voluntary export restraints, and Adam Smith’s idea of absolute advantage has been developed further to explain international trade. In recent years, protectionism has become closely related to globalization during which the influences of trades spread almost everywhere, so people insist upon the study of social deformities generated by improper policies on international trade and the task of pointing them out with a view to remedy. There are certainly both economic and political purposes of tradeShow MoreRelatedThe Wealth Of Nations By Adam Smith1659 Words   |  7 PagesAdam Smith, the author of â€Å"The Wealth of Nations†, was a Scottish moral philosopher during the Industrial Revolution who was inspired by his surroundings to write about the field of economics. Being a man of intellect on various types of philosophical views, Smith was able to portray his passionate feelings about political thought t hrough his well-written works. While publishing his book, Smith became known as the â€Å"father of modern economics†. He was given this honorary title due to his strong determinationRead MoreWealth Of Nations By Adam Smith1574 Words   |  7 PagesIn his book, Wealth of Nations, Adam Smith makes arguments to support free-trade. These arguments range from having to do with war, all the way to the structure of social classes. In order to assess the morality of these arguments, David Hume’s definition of morality and Kant’s definition of morality can be used. These definitions, ultimately, serve as context for Smith’s arguments, so that there is a clearer idea of whether they are moral or not. From this, modern readers of Smith’s book can betterRead MoreThe Wealth Of Nations By Adam Smith1774 Words   |  8 PagesAdam Smith’s masterpiece writing, The Wealth of Nations, attempts to create a different understanding of the economy from his age. The focus mainly remains on mercantilism the most prevalent economic system for Western Society at this time. Smith’s simple and in-depth explanations of even the most basic economic concepts allow for someone with little to no prior knowledge of economics to easily grasp his meaning, and coupling these explanations with real life examples provides even more teachingRead MoreThe Wealth Of Nations By Adam Smith1384 Words   |  6 PagesSome books, such as the Bible, have influenced Christians. Common Sense by Thomas Paine encouraged Americans to join the fight against the British. Other books, however, do more than simply encourage; they introduce a new philosophy. The Wealth of Nations by Adam Smith is claimed to aid the philosophy of what would one day become modern economics. One author wrote two books that would change the course of history. These books would lay foundations to communism and influence leaders like Lenin and Tse-TungRead MoreThe Wealth Of Nations By Adam Smith1521 Words   |  7 PagesIn Adam Smith’s famous work, The Wealth of Nations, he references the idea of the â€Å"invisible hand† and its influence on the individual. An excerpt from Smith’s renown book reads, â€Å"[E]very individual necessarily labours to render the annual revenue of society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it . . . he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promoteRead MoreWealth Of Nations By Adam Smith Summary818 Words   |  4 Pagespolitical economist even though he began studying economics after reading â€Å"The Wealth of Nations† by Adam Smith. Ricardo is most known for his theory of rent and his theory of comparative advantage. Some of his ideas are still relevant today including his comparative advantage theory. Finally, Ricardo was the first political economist to focus on distribution rather than production. 3. After beginning this paper with Adam Smith, it seemed fitting to end it will him as well, since he is one of the mostRead MoreAdam Smith s The Wealth Of Nations916 Words   |  4 PagesAdam Smith’s ‘The Wealth of Nations’ in 1776 is usually considered to mark the beginning of classical economics (Smith, 1776). He was the first to articulate that international trade was not a zero-sum game and it was counterproductive to have a single-minded reliance on exports. He proposed the theory that a country should specialize in manufacturing goods that it can make with the fewest resources, therefore giving it an advantage in the production of that good. This allows for global out to beRead MoreAdam Smith s The Wealth Of Nations Essay1194 Words   |  5 PagesAdam Smith’s The Wealth of Nations (Hofstadter, v. 2 pp. 43-46) and Tom Paine’s Common Sense (Hofstadter, v. 2 pp. 53-62) were both published in 1776. However, that is not there only similarities. They both talk about the mother country’s ability to rule its colonies. They also talk about what they believe should and could lead to the political separation of the mother country and its colonies. Adam Smith’s The Wealth of Nations looked to the fact that it is impractical to control the benefits ofRead MoreAdam Smith s Wealth Of Nations1057 Words   |  5 PagesThuy Hua PHIL 225 First Exegetical/Critical Paper Professor Michael Schleeter October 5, 2015 Adam Smith’s Wealth of Nations For Smith, the value of all commodities that the market is supposed to promote is not come from the money price, but come from the amount of labor required to purchase them because nobody wants to purchase a good that is created with less effort. Therefore, the real value that the market needs to promote is the labor that is invested in the product. For example, in real lifeRead MoreSummary Of The Wealth Of Nations By Adam Smith805 Words   |  4 Pagesthe passage given, Adam Smith examines the different methods that can increase the production of land and labour. He discusses that production can be raised by using the methods of, division of labour and capital accumulation. Smith also provides evidence throughout The Wealth of Nations, proving that his method of labour division is the best way to develop the economy. The key behind Smith’s writing is to prove how division of labour will improve economic progress. Initially, Smith proposes the idea

Tuesday, December 17, 2019

Youth Violence Is the Media to Blame - 1514 Words

Youth Violence: Is the Media to Blame? COM/156 07/27/13 Mallory Dunkley Youth Violence: Is the Media to Blame? Not all children who watch violent programming get in trouble with the law; some feel that there is a strong direct link between the two. There is a good deal of compelling data that suggests that there is a direct link between the media and youth violence. Throughout our history, the media has and can influence people in different ways but the more obvious question is this: There is a number of ways; the media influences the younger generation behaviors. Children are the most susceptible to this, they emulate what they see, and they believe that it is correct to act out what they see on television, movies†¦show more content†¦No truer words have even been spoken, parents may feel that the government may need to step in and take act to prevent such television programming or censor other media’s. But that is not the answer either; children will always find a way to view these violent acts. Parents should not abandon their responsibilities for the education of their ch ildren to the government; they need to step up to the plate and be the primary guidance counselors for their children (Reed, 2006). Furthermore that is the purpose of this paper, it to educate the parents of the dangers of too much bombardment of violent television, movies, and video games. Take your children out and show them the good in life; that life does not evolve around the television or video games. Education is essential, when dealing with issues such as these. Getting your children involved in community events is also a good way to educate them, either planting trees, picking up litter at a local park, or even donating your time for a charitable event. Whatever, you come up with will work against the desensitization that is happening to our children today. The question is who do we blame? Do we blame the producer’s, writer’, programmer’s or the director’s? The answer is no, we cannot blame anyone of those people they are just giving the mass population what they want to be entertained. No, in short we can only blame ourselves; â€Å"the parent’s† it is our job in life to educate ourShow MoreRelatedViolence in Television, Movies, and Video Games Should Not Be Censored1653 Words   |  7 PagesVIOLENCE IN TELEVISION, MOVIES, AND VIDEO GAMES SHOULD NOT BE CENSORED Television, movies, and video games have a great influence on the minds of todays youth. But, what exactly are the effects of such an influence? Certain people have exaggerated the effects that these media have on todays youth. Many people, including government officials, have singled out these three media sources as the cause of some types of violence simply because it is an easy target for laying the blame. The truth isRead MoreVideo Games and Their Role in Violence and Bullying Essay1374 Words   |  6 PagesIn today’s society so many children are becoming bullies and showing aggressive behavior, in which no one knows why. Parents and adults alike both say that the reason their youth and children are showing these attitudes is the violent, mature video games that the children play on their media device. However, many people say that there are other reasons that children show aggressive behavior and why they become bullies to other children. I believe that there are other reasons than video games thatRead More Youth Violence Essay1223 Words   |  5 Pages Youth Violence   Ã‚  Ã‚  Ã‚  Ã‚  Youth violence is an escalating problem in American society today. There are many different factors that can be blamed for this problem. During the last decade of the twentieth century people began searching for answers to this dilemma which is haunting America. Many tragic school shootings have taken place within the last decade that have gained the attention of the public. As of now, no one can give the right answer to the problem or the reason that it happens because thereRead MoreMedia Violence and Its Effect on Children Essay1112 Words   |  5 Pagessociety that violence in the country is on the rise. It is easy to see why this is a strong argument among the American people, especially because of the rising popularity of violent video games and television programs. However, as these violent video games and television shows are creating their own place in our society, the reports of violence among children are escalating. This correlation has been studied ex tensively in the scientific community in an attempt to discover whether media violence does negativelyRead MoreTelevision Is Destroying Todays Youth, but Dont Blame T.V., Blame the Parents.1302 Words   |  6 Pagesentertainment. As society has changed, violence and sexual content have been added ever so increasingly over the years. After all, isnt that what makes T.V. shows interesting? Isnt that why we all want to go see that new movie that came out which is rated R instead of that movie rated PG? Although this violence and sexual content on television and in movies is having devastating effects on Americas youth, you cannot blame television. Instead, we must blame our parents. So many parents theseRead MoreIncreasing Violence Amongst Youth1420 Words   |  6 PagesYouth violence is an increasing concern in our society. Violence, as defined in Websters online dictionary, is an intense, turbulent or furious and often destructive action or exertion of (physical) force so as to injure or abuse. There is a growing perception that there is a steady rise in violence amongst todays youth, and with this increased attention, comes many sources of blame for their actions, however, all but one are simply excuses. There is a lack of hard evidence to support theRead MoreBlaming the Media for the Worldwide Increase in Violence Essay892 Words   |  4 PagesBlaming the Media for the Worldwide Increase in Violence The mass media are an increasingly accessible way for people to learn what is important in the world today and what is acceptable behaviour in this society. Media outlets include film, radio, print, music and so on; film being the most widely used medium. The media which is prevalent in every aspect of our lives, is the perfect instrument to instil ideas in the minds of the people, and the most susceptible of themRead MoreEssay about Media Violence1541 Words   |  7 PagesViolence has been a contributing negative factor to society throughout history. Many researchers believe that the use of violent media, particularly video games, play a huge role in the downward trend of behavior and attitude of youth, and that this behavior continues to spiral out of control. However, other researchers believe that since violence has been occurring since the beginning of time, that adolescence are as capable today of violence, as they were a thousand years ago. ResearchRead MoreViolence in the Media in Richard Rhodes Hollow Claims about Fantasy Violence1289 Words   |  5 Pagesabout Fantasy Violence† expresses that the media’s portrayal of violence has no influence on those that view it. One of the first tactics that Rhodes used was by attacking the flaws of Organizations who blamed entertainment for the issues of violent behaviors. He claims that due to increased social control over the years has caused a decline in violence. Rhodes’ used thought-provoking tactics attempting to disprove that violence is influenced from the media instead he believes that violence is stemmedRead MoreYoung Blood, Rising Sun : An Epidemic Of Youth Violence1309 Words   |  6 PagesYoung Blood, Rising Sun: An Epidemic of Youth Violence in Japan Since the defeat of Japan in the Second World War, the Japanese national economy has seen tremendous economic growth, led by industrial mavens such as Mitsubishi, Honda, and Sony. This growth can only be contributed to the Japanese workforce: Well-disciplined, group-focused, and willing to sacrifice everything for success, all stereotypical of the Japanese society. However, with newer generations of Japanese growing up with more western-style

Monday, December 9, 2019

Concert Essay free essay sample

This essay examines my aesthetic cultural background and main influences throughout my life. I was born in Istanbul which is the capital city of Turkey; however, my father and mother were born in Kenya. Turkey has played a major role in the history of the world. In regard to the fact that Turkey Is an Islam country, Turkeys importance in the world is really high. The main underlying reason for that is because Turkey is the only country which is not only secular and democratic, but also Salamis as well. Based on the census data collected in 2000, Turkey has a 96. Muslim population. The influence of Islam on the Turkish people is an undeniable fact. The Turkish people have faced with Islam during the war between China and Arabs in 751. In 920, the first Turkish government accepted to be Muslim was the Caravans. With the acceptance of Islam, believes of the Turkish people have changed drastically. The Concerto No. 3 in F major uses identical groups of wind instruments, each comprised of a bassoon, a pair of oboes and horn.The groups go back and forth trading calls and echoing each others phrases. Overall I thought that this was a good piece to listen to. The overture was slow and rich and led into a fast, happy, upbeat movement that involved lots of strings. It was a beautiful piece both for listening and playing. The conductor was very lively and you could tell that he was very passionate about this polyphonic textured piece. I loved how within the movements the instruments were very dramatic, loud and repetitive. Mendelssohn Piano Concerto No. 1 in G minor was the next piece to be played by the orchestra.Overall, It was my favorite piece because the pianist was absolutely amazing, even though the concerto starts off with strings. Felix Mendelssohn was born on February 3, 1809 in Hamburg. His first performance of this piece took place on October 17, 1831 while he played the keyboard and conducted at the same time. This fact I found completely amazing and extremely Intriguing. At an early age Mendelssohn had proven his capability In the field of orchestra by producing his first large scale works including A Midsummer Nights Dream overture during his adolescence.Focusing on the music of this piece however, Piano Concerto No. 1 in G minor reveals many traits of the Romantic era style. There are three movements to this ice however they are bridged to form an uninterrupted duration of music. This piece was very dramatic with fanfares that began and concluded movements. The melodies are cheerful and the vivid G minor tonality gives the third movement a lighter character, that ends with an exhilarating closing passage. While on the topic of Mendelssohn, I am going to discuss his second piece that was played as well.Symphony No. 5 in D major wasnt my favorite piece at all. As a 1 OFF Mendelssohn first performed this Symphony in Berlin on November 15, 1832. This piece bears the title of Reformation in anticipation of the 30th anniversary of the Sagebrush Confession, which was one of the key events in the Protestant revolt led by Martin Luther against the Catholic Church. Which overall this is somewhat amusing because Mendelssohn was brought up in a Jewish home, and wrote his music according to the beliefs of Luther and the Protestants. Symphony No. In D major poppa, Reformation in reference to the early Protestant movement. One can hear this in the first movement. Though the movement gets off to a slow start, dramatic horns come in and loudly interrupt the soft, calm manner of the strings. This piece is deeply impassioned with the struggle f Martin Luther. The triumphant ending concludes the symphony. This piece being the most dramatic of all of the pieces played at Powell Hall. Finally, we come to Franz Joseph Haydn. Haydn was born on March 31, 1732 in Austria. The first performance of his Symphony No. 9 in A major Fire is unknown, but it is certain that Haydn directed the first performance no later than 1769, with the orchestra in residence at the estate of his employer. Heydays symphonies are over one hundred in number and come from the Classical era. It is unknown why this particular symphony got the name Fire for in y opinion it does not sound like what I imagine a fire sounding like. In the opening movement the music is bursting of rhythmic energy, with many loud and soft dynamics and courageous melodic leaps which gives the movement an impression of momentum.The second movement is slow and intriguing. Melodies contrast and follow each other in a different, yet interesting way. The final movements theme is a variation of the main melody, with a dramatic finale. Overall, I will have to say that I really enjoyed going to the SST. Louis Symphony Orchestra. I think that the performance was very nice, even though I wouldnt have hoses to play those pieces (they made me want to fall asleep). The conductor did a ere good Job, was lively and entertaining to watch to say the least.Now, if one was to ask if I would go again to see that same show, my answer would probably be no. I Nullity spend my money to go see something that makes me want to fall asleep :however there were performances like Disney, or anything Bach or Beethoven that Nullity be all that horrible to see). The music was enjoyable and I really liked the experience Except for the old bald guy who kept turning around and giving me dirty looks for taking notes to write this report.

Monday, December 2, 2019

Operational Planning as a Essential Element in Strategic Planning

Introduction Operational planning and management is an essential element in strategic planning. Various firms adopt different strategies in order to ensure that their operations are run in an effective and efficient manner.Advertising We will write a custom essay sample on Operational Planning as a Essential Element in Strategic Planning specifically for you for only $16.05 $11/page Learn More Different firms adopt different planning strategies in order to achieve their specific goals and objectives in the short run and in the long run (Eli, 2006). The strategy that a firm may adopt may depend on its operations, size and culture. This paper will therefore discuss strategic planning and other factors that contribute to successful planning. It shall focus on issues such as contingency planning, budgeting, employee monitoring, and performance indicators. Strategic Planning A strategic plan is a process adopted by the management of an entity to meet specific goals and objectives within a given time frame. It clearly defines the objectives of the entity and assesses the internal and external environment. Strategic planning takes place through a series of steps. Development of visions, missions, goals and objectives are but some of the critical steps that are involved in the process of planning. To attain these objectives, the entity devises several procedures. An analysis of changes occurring in both the external and internal environment is critical in ensuring that a company attains its objectives. After obtaining information from the environment scan, managers are required to match the strengths of the organization to opportunities. The process of matching the strengths with the opportunities is known as strategy formulation. This process ensures that the entity can develop a competitive advantage (Roberts and Neilson, 2003). Once a company formulates a strategy, they have to implement it. The implementation process is carried out usi ng budgets, organizational procedures and programs.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strategic planning incorporates several aspects of the company to ensure that the company runs smoothly. Budgeting process is one of key processes that enhance the planning process. Budgets as Tools for Planning In most entities, budgeting is a key element in financial management (Roberts and Neilson, 2003). The use of a budget assists managers to plan and utilize the company resources effectively. Clear understanding of principles of budgeting ensures that managers can formulate a comprehensive financial plan. Budgeting process is a microcosm element of strategic planning (Roberts and Neilson, 2003). Therefore, after yielding information from strategic planning, managers relate this information to the actual activities of the entity. This process is recognized as the operational plan and man agement usually finds a need to value the plan. Companies incur operational costs when they start trading. It is these costs among other costs that appear in the budget. Budgets are usually prepared based on the plan of the organization. Organizations use budgeting to monitor the cash flow of an entity. Cash flow forecast enables an entity to anticipate the inflows and outflows of cash. Information may be used to plan for future events. A budget maps out the resource flow in and out of the organization. By watching how the resources flow, it is possible for management to make sound decisions about an entity. Managers use budgets as indicators of performance. Performance of an entity is important in planning process. Budgets may be highly useful when identifying key performance indicators in an entity.Advertising We will write a custom essay sample on Operational Planning as a Essential Element in Strategic Planning specifically for you for only $16.05 $11/page Learn More Role of Key Performance Indicators (KPI) in Planning Organizations use key performance Indicators to enhance the process of planning. Key performance indicators are the financial and non-financial measures used by business entities to help in evaluating the success of a business. The success of an entity is evaluated in relation to the long-term goals of the business. The main role of KPI is to give meaning to the objectives outlined by an entity. Therefore, key performance indicators give meaning to the strategic plan and objectives of an entity. The KPIs identified must relate to the strategic plan of the entity. This is because many aspects of an entity can be measured to show how a company performs. Before implementing KPIs, managers are required to consider several important factors. Implementation of KPIs requires an entity to consider several processes that affect the key elements of planning. KPIs are important in assisting an entity to attain its goals as they have been set in the strategic plan. Therefore, when establishing KPIs, managers must recognize that proper governance is the key to incorporating KPIs into the strategic plan. Moreover, managers need to understand that these performance indicators are what attract investors. In this light of events, KPIs do not need to be comprehensive but instead they should cover the particular areas of concern, especially areas that investors concentrate on. To ensure that the KPIs set by an entity remain valid for an extended period of time, contingency planning is necessary. Contingency planning ensures that the organization prepares well for a variety of situations that may occur in the future.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Role of Contingency Planning Contingency planning entails anticipating all the possible scenarios that may challenge a business entity and forming a comprehensive plan that may be used to avoid these challenges (Yuko and Karen, 2001). Instead of managers assuming that everything may be alright, they should identify contingencies and prepare for them. Use of contingency planning ensures that firms are better placed to cope with future uncertainties in the market. When managers plan for contingencies, they are able to avoid the shock that may come with market disability or natural causes. The use of contingency planning also reduces the risk of delays and indecision due to occurrence of an unusual event (Yuko and Karen, 2001). Unusual events in the market or within the organization may lead to the company halting its operations. In cases where the company planned for contingencies, it may continue its operations and maintain its profitability. Firms with contingent plans tend to react rationally in unplanned situations. When coming up with a contingent plan a firm should determine what reason behind the plan. Therefore preparation of a comprehensive, focused and practical plan require expertise and skills. Managers as well as employees are required to take part when formulating a contingent plan. They should identify the key processes and operations then incorporate them in a contingent plan to ensure the long-term survival of a firm is secure. Strategies Used to Monitor Employees Employer need to monitor the activities of employees to ensure that they are performing their tasks. Employers use different methods to monitor employees. Some employers use computerized system to collect, store, and analyze employee activities (Mishra and Mathers, 1998). In most cases employee monitoring is used in projecting the performance of the company. Good employee input and output may be assumed to cause good performance. Therefore, employers deem the act of monitoring employee s as important. Firms perform the process of monitoring employees using contracts. In this case, every employee is given a contract outlining his duties and responsibilities. At the end of the contract, an employee performance is evaluated against those set in a contract. If he or she has a good performance then the employment contract may be renewed. Another strategy of monitoring employee is being actively involved in the activities they undertake. From observing the processes used an employer can determine the level of competence. Managers use a variety of methods monitor employees. Each employer chooses the method that suits his or her entity. Conclusion Strategic planning, budgeting, employee monitoring, and performance indicators play an important role in operation planning. Companies should integrate all these elements in the operation plan to ensure that the company operations run smoothly. In addition to these elements, companies should incorporate contingency planning in o rder to safeguard its interests from future challenges. References Eli, J L 2006, ‘The Importance of Strategic Planning’, Practical Decisions, Vol. 20 No. 1, pp. 1-3 Mishra, J M and Mathers, S 1998, ‘Employee Monitoring: Privacy in the Workplace?’, SAM Advanced Management Journal, Vol. 63 No.5, pp. 4-11 Roberts, K and Neilson, P 2000, The Strategy Focused Organization: How Balanced Scorecard Companies Thrive in the New Business Environment, Harvard Business School Press, Boston Mass. Yuko, M and Karen, C S 2001, ‘Embracing Disaster With Contingency Planning’, Risk Management, Vol. 48 No. 5, pp.18-20. This essay on Operational Planning as a Essential Element in Strategic Planning was written and submitted by user Gerardo Wynn to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.