Money Economy Example For Free - Free Essay Example

Sample details Pages: 5 Words: 1405 Downloads: 10 Date added: 2017/06/26 Category Economics Essay Type Argumentative essay Tags: Economy Essay Money Essay Did you like this example? Persistence problems in the U.S. deal with the sluggish employment growth, the slowdown of household consumption, and the limitations in furthering the fiscal policy. Also, a combination of excessive liquidity, low interest rates, high leverage, poor risk management, excessive risk-taking had possibly let too many assets, emerging market debt prices. Even though the US is the richest country it does (like any other country) have issues that hurt our economic performance. Monetary policy plays a key role for the development of our economys rate of inflation which is the Central Banks responsibility. The Fed has 3 primary functions which are to regulate the banking industry, act as Bankers Bank, and most important conducts monetary policy which the FOMC controls money supply. If the central bank fails to do so inflation can cause a plethora of problems. In todays economy, targeting the levels of real variables and trying to pursue detection of where the unemploym ent rate will settle may take away from lowering inflation. GDP and the unemployment rate fluctuate throughout each year that it could raise or fall immediately and inflation could creep up even when demand is settle. William Poole shares his example; he states, â€Å"Weve seen substantial wage increases in the airline industry; if airlines are to be profitable over time they will have to recover those costs through some combination of productivity gains and price increases, even though travel demand is not currently strong.† The higher wages in the airlines industry are directly related to inflation rising. Wages and salaries usually keep up with inflation. For instance, 2% inflation means wages will increase by 2%. In 2001, the Fed Fund rates increase 11 times to a rate of 1.75%. The following year the economy recovered but the faltering in the US recovery in the fall of 2002 and the risk of a double dip recession led the fed to reduce the Fed Funds to as low as 1%. A jo bless recovery had then emerged during and continued after the war with Iraq. Inflation started to increase with growth of output and the jobs that had picked up. Will the Fed Funds rate and will that cut prevent a hard landing? Another U.S. economy vulnerability is people are saving-less and debt is a stand out. The high levels of household indebtedness (mortgages, consumer credit, etc.) with debt service costs now rising because of a credit crunch. There are a number of negative shocks such as: falling home prices, and falling home equity withdraw. Housing recession and its first fall in home process has been since the 1930s. The housing recession to worsening rather than bottoming out. The US and global recessions are associated with oil prices rising. After the Iraq war oil prices remained the same in 2004-05 because of high demand from the US and China. The issues in 2004-05 with oil prices and energy led to concerns about stagflation (low growth plus inflation). Each bar rel of oil was about $70.00 and either stayed the same or increased for several months. The reason why the oil shock didnt lead to an economic slowdown was the high demand rather than stagflation supply shocks. Will the recent high oil prices carry over to a global slowdown in 07-08? Many times today we look at the American economy and we do an internal SWOT analysis, one of the things I have learned is the U.S. economy is not the only successful economy. There are many other nations that have thriving economies that are showing tremendous growth. Africa is one the up and coming economies these days after many years of stagnation Africa has showed potential for growth since 2001 there has been around 4.9% growth annually in domestic profit. You may ask yourself about uncertainty despite the optimism you may feel about investing in the African economy you have to notice that it is experiencing the highest growth since the 1970s.The basic economic question has to be brought to the forefront consumers are getting more involved with the everyday structure of business and when and why they do well. We have to answer the question of why there is a large economic difference between south and North Korea, East and West Germany, Mainland China and Hong Kong, these are situations that we have to explain and without the theories and studies the would be no clarity. These countries have to allow the government to interfere and even things out with the intentions of growth for the whole nation and not just tourist destinations, and prime factory areas. This class has taught me that equilibrium is basically left up to the consumer and the person offering the service they have to come to an agreement on the amount of service rendered and an accepted medium of exchange that is best for both parties. Entrepreneurship is a staple of American business it allows business owners to be open to innovation and not be afraid to have some uniqueness to the products or services of fered. Asia is one of the most thriving economies but what we fail to see that since 1998 the have been in a severe recession, they also have instituted an IMF bailout plan was brought forward to help the situation. The thing is that the IMF plan has done more bad than good because of the employment conditions have gone down causing the economy participation rate to go down also. North Korea has many opportunities for growth they have an abundance of coal, and other minerals and metals. North Korea has been a very good example for other nations alike. Korea has done many things to equip themselves for the future the companies they develop are made to last, and continue success for many years to come. The U.S. has set the tone copying the central bank. What the Fed can do, at least to some extent, is prevent problems in specific sectors from becoming general problems. That is exactly how to view monetary policy this year. Tech investment is down, but housing investment and c onsumption have been maintained pretty well. Declining interest rates have certainly assisted in supporting aggregate demand. This is the whole story behind the U.S. economy and it has been very successful in doing this, but there are so many other things that have influenced the success experienced by the U.S. economy. China is another one of the strong economies of today China uses a strategy that calls for stability as the main objective, and today the communist party is putting economic stability in the forefront which also allows for great results when a company thinks of the long run instead of quarterly they have a tendency to perform better. Now we have to continue to remember that no matter what your plan is the goal has to be that supply will have to meet demand. I was looking at monetary policy for the U.S. and I read that investors fear turmoil in the credit sector, this means that all the financial institutions will all take a cut because of the failure of the bor rowers to repay loans given by the credit agencies. In whole one of the things I have learned is that many nations are just like a business they need accountants and economist to come in and monitor operations as far as spending, loans, and balancing all accounts .Its the failure of the nation in a whole that have caused this its nothing we can say specifically was caused by any one group of people it is a hard fought battle for the Fed and the government to get this deficit balanced. In conclusion, along with all the advantages of having one the best economies comes with disadvantages as well. The recent high oil prices for the US will lead to a global slowdown and were still trillions of dollars in debt with the number still growing. The actions the US economy takes effects not only America but other countries as well such as: foreign market, real variables, nominal variables, fiscal policy, and household consumption. Everyone knows that the U.S. is the strongest economy but as of lately other countries economies are rising. For instance countries like Africa, China, and Germanys domestic profit growth continues to rise with time. More countries are coming to see that capitalism might just be the road to riches, and a route that the U.S. has been traveling for a number of decades. Don’t waste time! Our writers will create an original "Money Economy Example For Free" essay for you Create order

Plato’s 1st Argument for the Immortality of the Soul from...

Plato’s 1st argument for the Immortality of the Soul from opposites and Theory of Reincarnation Plato’s Phaedo is a dialog between Phaedo, Cebes and Simmias where Socrates gives some arguments for the immortality of the soul. In this work, Phaedo tells us about Socrates’ final days, who has been convicted to death. Great philosopher does not have a fear of death because he believes that when a man dies, the soul still exists even if the body perishes. Trying to prove his arguments, Socrates presents two proofs – Doctrine of Opposites and second which is based on Theory of Recollections. In Phaedo he writes: â€Å"That soul, I say, herself invisible, departs to the invisible world – to the divine and immortal and rational†¦Ã¢â‚¬ .†¦show more content†¦People from these denominations do believe in concept of rebirth. But religious sects such as Christianity, Islam and Judaism do not believe in theory of reincarnation. This theory is ve ry close to Plato and some other Greek philosophers who believe in the Immortality of the soul. As for me, in some cases I do agree with Plato – in Theory of Opposites. Undoubtedly, in our world we can always find two opposite things, actions, etc. Small and tall people, healthy and unhealthy people, sunny and cloudy day, hot and cold weather†¦ But I do not believe in the Immortality of the soul in general. To my mind Plato came to this conclusion due to the times he lives in. But we cannot base our beliefs on what we want to be true; the truth can be found by weighing the evidence for a given idea. Thus, he took what he knew to be true at the time and formulated his opinions which were founded on that knowledge. I guess, if Plato lived nowadays, may be he would approach to another conclusion. I do not think that Plato makes credible arguments for the immortality of the soul. To my mind, his concepts were built on his desires. I mean, that life is difficult and awkward e nough without knowing of our mortality. There is inexplicable reality that so many people struggle so hard and it seems so unjust. Let’s take a simple example of a man, who has passed away in the accident. He did not do anything wrong – as most people he was working,

Marketing Objectives for Nike Sports Drink free essay sample

Nike will have a number of different marketing objectives for their isotonic sports drink, Nike Go. A main market objective will be to establish the isotonic drink as the most credible sports drink in the market. We will write a custom essay sample on Marketing Objectives for Nike Sports Drink or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This will not just happen though, this can only happen through a lot of promotion and appeal. Creating strong consumer awareness is very important in gaining market share as it is a completely new product from Nike. This can be done through promoting the product, Nike Go, and allowing consumers to become aware that Nike has this new product. In order to establish brand recognition, there needs to be a capture of market shares in the sports drink segment. This will mean the product, Nike Go, will be well known and therefore will be able to compete well within this market. Ultimately, the overall objective is to become the top market leader. This means being the most popular isotonic sports drink in the market. Market Segmentation Today we are in an age of intense competition, so it is vital to develop a product for a specific market segment, which concentrates on one type of product. Our product, Nike Go, is an isotonic sports drink in a very competitive market. It would not be cost-effective selling to all the segments of a market. Instead, it is better to focus on the segment which will get the largest share for the company. The marketing function will therefore focus on targeting this segment. (Irish Times – Business 2000). For Nike, they have to breakdown the market into four categories: geographic, demographic, psychographic, and behavioural. For geographic, the country that the product will be released is within the UK. This includes all over England, Scotland, Wales, and the North of Ireland, with the main cities involved in sport being targeted. This is due to the constant rise in the number of people exercising and engaging in sporting activities. Demographic segmentation takes into account the different factors involved, such as age and gender. Nike Go will be aimed at 16-44 year olds, and is targeting at both male and female. Psychographic segmentation is the process of dividing the markets into segments on the basis of consumer lifestyles and their interests and opinions. The lifestyle of the target market will consumers who are athlete and active individuals. Their interests will include being into sport and exercising. The final segmentation factor is behavioural. This takes into account when and what the consumers’ will be using the product for. The targeted consumers will be those who wish to use the product before, during or after exercise, to help quench thirst, prevent dehydration, and replenish depleted energy stores. Targeting The target market for Nike Go is people who engage in sports or exercise. More and more people are now getting involved in sports and exercise in an attempt to stay fit and healthy, while enjoying themselves at the same time. Nike Go aims to help give people participating in sport an extra boost, and the ability to keep on going for longer. This market is a tough market to break into, with GlaxoSmithKline Plc. (Lucozade) and Red Bull Co Ltd leading the sports and energy drinks category, with a combined value share of 64% in 2012. Although other manufacturers are slowly gaining traction with their own products, meaning that there is a place in the market for a new isotonic drink from Nike, an already well-known brand in the sports market. (Euromonitor) The main cities that will be targeted with Nike Go are the UK’s most active cities. These cities include London, as they were the last city to host the Olympics. South Wales as Cardiff is the home of British rugby. Nottingham and Sheffield as they are both home to two well-known soccer teams. Leeds Yorkshire as they are the proudest of all cricketing counties. Manchester because they have the two most well-known soccer teams in UK. Glasgow as it is footballing capital of Scotland. Belfast because it is the main city in North of Ireland with the main sporting teams from here. The reason this product will be based within the UK is due to the rise in the participation of sports and exercise. In 2012, a report found that 44. 6 per cent of adults in the UK participated in sport or exercise, which has increased from 2006, at 41.  2 per cent. Figure 1. Shows this, as well as the percentage increase throughout all of the years from 2005. This shows that it is a perfect time to release an isotonic sports drink into the market, as the number of people participating in exercise is constantly increasing. Figure 1. 1 The product will be aimed at males and females between the age of 16-44, as this age group are the most active in sport, as shown in figure 1. 2. Figure 1. 2 Description of Product Nike Go is a new isotonic sports drink that is formulated in a way to aid people in rehydrating themselves during or after exercise. Nike Go is rich in carbohydrates as carbohydrates are the most efficient source of energy. It also has a number of sweeteners and preservatives. The main part of Nike Go is the electrolytes it contains, which include chloride, calcium, magnesium, sodium and potassium, which diminish during exercise through sweat and bodily fluid. Nike Go replaces these electrolytes that are lost during sports and exercise which promotes proper hydration, an important factor in delaying the onset of fatigue during sports and exercise. In order for Nike Go to be successful in the sports and energy drinks market, it must stand out and appeal to the consumers, which involves a lot of branding. Branding will allow consumers to easily identify the product and creates an interest in it. Nike are a global brand, which will help in releasing the product. When consumers see that Nike Go has the ‘tick’ symbol on the bottle, they will know that it is from Nike which will make it have good customer awareness. This will attract consumers to the drink as they know Nike are a well-established and very good company. We also have come up with the logo ‘JUST GET UP AND GO’. This logo is in place to help make customers aware of our new product, Nike Go, and to try and give our product an advantage over competitors. The idea is that when people see or hear the logo, ‘JUST GET UP AND GO’, they will think of the Nike Go. This logo is also related to the product. It simply means to get up and get doing something practical, whether it be a quick run, or a game of football. Our product will then give them the boost they need, and help them get through their exercise activity. Product Life Cycle The first stage for Nike Go was development, where innovation was key. The second stage is growth, which begins when Nike Go is entered into the market. There is not a lot of rivalry at this stage, and there is low entry barriers. The next stage is Maturity, where the growth of Nike Go will level off, and there is a lot of rivalry. The key here for Nike Go will be to have high market share. The final stage in Nike Go’s life cycle will be decline. This is where Nike Go will begin to lose sales and decline, but new promotion and branding can help Nike Go get back to the growth stage again.