Essays on Ayres

The term "demand" in economics means payment need, i.e. need that the subject is able to pay. From this definition it follows that the demand for a particular commodity (service) depends on the price. This means that the increase in commodity prices will lead to a decrease in demand, and, conversely, a decrease in prices will lead to higher demand. The relationship between price and quantity demanded is stable. (Agarwal, 2013) The cause of the change in demand is change. This reverse causal relationship between price and quantity demanded is the law of demand. The law of demand manifests ...

One of the major challenges facing healthcare administration is the problem of diversified care. The modern world and all the technological improvements that are found in medicine mean that levels of care are better than ever, but this is not without challenges for administrators. An increasing number of specializations in medicine, for example, mean that administrators must prepare for an increasing number of units and specialists, which in turn leads to problems with funding and human resources. There are also issues associated with the fact that patients are generally more aware of technological advances in medicine, and may be ...

Legal Aspect of Responsible Leadership

The law of contract involves the legal policies that govern the agreement between two or more parties involved in a transaction of delivery of service or provision of goods, which is enforceable by law. Different contracts have varying terms and conditions depending on the sector involved and the intention of the contracting parties. The law of contract within the business sector is very clear because it is guided by the concept of essential elements of a valid contract. Any transaction that qualifies to be a legal contract between the parties should be enforceable by law and any violation of ...

In the environment nowadays, globalization has a significant effect on the contemporary family life in various ways. It affects both directly and indirectly through the strategies brought forward by social and economic policies. Therefore, to understand the effects globalization has on the changing nature of families, it is vital to know the definition of both globalization and families. From this viewpoint, globalization can be defined as an uncontrollable force that brings about the free market ethics as well as the preservation of transnational movement of labor, goods, and capital (Sherif-Trask 15). On the other hand, families are crucial in ...

Material extraction

The mining and extraction of copper has several impacts on the environment. The extraction of copper is done in several steps and process using different technologies and mechanisms. The copper element is extracted from its ore through heating the ore using carbon. This process releases carbon dioxide gas into the atmosphere. It is a well known fact that carbon dioxide gas is a greenhouse gas which result into global warming. The result of the extraction is copper full of impurities. The impure copper is then placed under further treatment to eliminate the presence of the impurities. In most cases, ...