Ireland Tenancy
INTRODUCTION
The term economics is a prime essence that has its own identification and presence in every sphere of life. Because of being wide field, the different philosophers and think tanks proposed varied range of definition to uncover the better understanding of economics and every time, these hold opposing views from one another. The foundation of economics was kept by Alfred Marshal and Adam Smith, who are considered as the father pioneers of economics (Sloman, p.14). The proposed the standard definition that exemplify in a simple statement that the economics are something about how to generate money and its feasible consumption. Therefore, no economy can even expect to qualify in the sphere of economic prosperity and elevate their financial possessions by neglecting the effectiveness in their operations. Micro and macro economics are two foundations on which the whole economics stands. The economics that is typical based on individuals are referred as microeconomics whereas, the state based economics is classified as macroeconomics. The main mantra of the paper is to assess the real estate sector of Ireland that falls under the umbrella of macroeconomics. The real estate factor has a direct predominance over the economy of any state and most part of macroeconomics is revolving around it.
Criticism is not always negative as both negative and positive provisions can be applied. It is required to criticize the analysis of Mill regarding the “Cottier” tenancy that prevailed in the Irish Agriculture, in the treatment of metayer (Share Copper). There are five different angles from which the critical analysis could be analyzed that particularly are labor, capital, education, women rights and population growth. Every element would be criticized accordingly simultaneously.
Ireland is considered as an important financial hub in the region of Europe. The country is basically an island that is situated in the Atlantic along the coast of a northwestern part in Europe. Ireland is credited as the third biggest land mass in the continent of Europe and 20th most prevalent island across the globe. Because of political influence, the Ireland is categorized into two parts, one is the Republic of Ireland that comprise of five-sixth of the island and the rest of the part is known as Northern Ireland, which is located in the United Kingdom. The population of the country is estimated to be 6.37 million by the year 2011 (Swann, p.36). Moreover, the particular culture of the state has been significantly influenced in the different ways of life and primarily on literature, science and education. The involvement of science and education is high in the society that poses bright impacts onto the economy of Ireland. Due to a strong economy and competitive financial structure, the county is listed as the top most developed country with prevailing GDP as well as low rate of unemployment (Swann, p.40). Ireland is also a major destination for international students from an educational perspective, and this aspect is one of the driving forces for boosting the GDP to a greater extent.
Labor Analysis
Labors are extremely important for the sake of the economy. The book of Mill has a chapter that associated with Labor, with the name of “Labor as an Agent of Production”. Mill defined the basic definition of labor as labor employed either directly about the production or in the operations preparatory to its core production.
If we critically analyze labors of Ireland specifically in the agriculture sector, then we will observe that the average wages of the labors are comparatively lower than that of any other sector. According to Mill, it is a good sign that the companies invest significant amount of money in the productivity of the labors, however, the given wage rates to them is quite lower from which they barely finance their tenancy (Logan, p.78). The rate of tenancy is quite high in Ireland in some specific areas, however, they are lower in the areas such as agriculture, but still they are very high when it compares to any other area in particular. Cottier tenancy which has been described in the Mill’s book is that two or more than two families would share the rooms in Ireland in order to finance their tenancy. Mill is in the favor or effective control and manages the cash and credit requirements of each individual to properly finance their lives no matter they are living in the agriculture based areas or any other area. If we critically analyze the process and viewpoint of Mill in this chapter about labor and their production, then we will realize that the ideas presented by Mill in this particular chapter about labor is perfect and well organized and every labor especially located in Ireland should focus on it to finance different activities.
Capital
Capital is an important term for both individuals as well as organizations. It is known as the amount that has been parked by the individuals into the treasury of the company to finance their operations. Now, the scenario totally changes with this claim as this is related to financing a country in particular. According to the Mill, Capital is wealth appropriated to the reproductive employment.
According to the main concept of Mill regarding Capital, it is a thing which is known as a pre-requisite for labors, productions and agents for a country to increase the level of employment and production in the country for different purposes. The concept of Mill is completely right in terms of having capital and its effectiveness (Barry Haynes, p.45). I am a bit confused over the concept of Mill, as the concept defended in the book of Mill is purely on the basis of the country’s production system, rather than creating employment; however, government of different countries provides capital to the companies in order to have different provisions in particular. High amount of capital always deems important for an organization in particular as well as for the country as it is something essential to increase the productivity of a country with also increasing its labor productivity and creating an environment. After a critical analysis over the chapter related to the Capital and tenancy in Ireland, We can say that some of the ideas of Mill are perfect, although changing is required in some of the major ideas like creating employment and others and in the agricultural area of Ireland, capital requires more to improve the infrastructure of the town accordingly and effectively (Barry Haynes, p.47). With the help of this particular approach, capital could have been used for different purposes in particular.
Education
Education is an important thing from the standpoint of a human being. It is important for every individual, regardless with the fact of sex, class and income prosperity to get education in a country and according to the concept of Mill; it should be a prior duty of the government to provide all sorts of facilities to the citizens to provide basic and necessary education to live their life happily.
After a critical evaluation over the concept of Mill, it could be said that the concept is totally right, as if the government is responsible for the employment, tenancy and other provisions of an individual, then why not they should blame for education? It is the duty of the government to provide food and education security for every individual. Ireland’s government is an effective government and most of the decisions prevail in the country associated with the decisions of the United Kingdom (UK). The tenants of agriculture areas of Ireland have the rights to have education in their region in total merely to increase their financial belongings (Eldred, p56). Education should not be associated with a specific class and it should be deemed mandatory for each and every individual, no matter what financial consequences they have. We are backing the idea of Mill in this particular stance, as the government of Ireland should play their role to increase the awareness and importance of education in their public as they are doing in the metropolitan cities, and it is required in the same capacity, in Agriculture areas of Ireland, as well.
Women Rights
Women have a strong position in the economy, and they cannot be neglected from any viewpoint. Jobs, Education, Human rights and almost everything require the inclusion of women in it. The countries that have high recognition towards development is providing effective human rights especially to the women in particular.
Mill is also in the favor of this thing to be implemented in Ireland especially in the agriculture based areas. The concept of Mill has been defined in the book under a chapter of Human rights. Of we critically analyze the concept placed by Mill, and then it is found that Mill was very much in the favor of Human Rights. It is mentioned in the case that if the women of the city have the full human rights then why not should the women of agricultural areas (Jennings, p.18). According to the point of view of Mill, women’s rights are essential to be given to women for sure; otherwise, many problems would be created. Ireland is a safe and developed country in terms of providing the rights of the women and the women here are quite strong and have the idea of their strength. I appreciate the idea of Mill, which has been presented in the analysis that women should be given all sorts of independence regarding what they want to do and how they want to do. According to some of the people, the entire world is a man oriented world, however, there is a marvelous and huge contribution associated with women, as well. The same thing has been highlighted critically in the book of Mill and he was quite excited to have women’s rights even in the agriculture Ireland as well, especially for those who are tenants in these regions.
Population Growth
High population always becomes a crucial dilemma for the countries, and that is the main thing why countries always try to have a low population as it is always been a matter of concern for the countries in particular. There are a number of countries of the world that are extremely happy with a low amount of population. Ireland also has a low amount of population which is a good sign (Dijkman, p.29). Mill has identified in the analysis that the population of the country should be on a lower level in particular. I am totally backing the idea of Mill in terms of having a low population as it would certainly increase the economic belongings of the countries in particular. Agricultural population should be at the lower end of the country to become economically and strategically powerful, attractive and this particular point has been defined by Mill as well in his book. After having critical analysis, it is found that it is effective for the country in particular like it is vital for Ireland, as well.
Conclusion
As it is divulged above that the micro and macro are two different branches of economics that have their own importance in diverse areas. The economics that associated entirely with the economics of the country as a whole is known as macroeconomics. The main perspective of this assignment is to analyze the essence of population growth and other things of Ireland in particular. It is required to criticize the analysis of Mill regarding the “Cottier” tenancy that prevailed in the Irish Agriculture, within the treatment of metayer (Share Copper). There are five different angles from which the critical analysis has been carried out that mainly comprised on labor, capital, education, women rights and population growth. From this particular analysis, it is found that Ireland is one of those countries of the world that has different supposition of different things associated with the same.
Works Cited
Barry Haynes, Nick Nunningham. Corporate Real Estate Asset Management. London: Taylor & Francis, 2010.
Dijkman, Marinus. Europe Real Estate Yearbook 2007. London: Real Estate Publishers BV, 2007.
Eldred, Gary W. Investing in Real Estate. Birmingham: John Wiley & Sons, 2012.
Jennings, Marianne. Real Estate Law. Miami: Cengage Learning, 20123.
Logan, Deborah Anna. Harriet Martineau and the Irish Question: Condition of Post-famine Ireland. Dublin: Lexington Books, 2012.
Sloman, John. Economics. New York: Financial Times Prentice Hall, 2006.
Swann, G. M. P. The Economics of Innovation: An Introduction. Dublin: Edward Elgar Publishing, 2012.
