Essays on The Producers

The business, Farm Burger is a joint that serves burgers since April 2010. Jason Mann and George Frangos were the primary entrepreneurs of the business. The main objective of the business is to come up with a burger experience that is superlative and connects the producers and the consumers directly. This objective is however met by the main challenge, which is to have control on prices of beef products. The stakeholders of Farm Burger are the consumers and the producers which it helps to link together (Mok, Sparks, & Kadampully, 2013). The producers include the butchers, ranchers, and local farmers. ...

Sweetness and Power: The Place of Sugar in Modern History

“We are what we eat; in the modern, western world, we are made more and, more into what we eat, whenever forces we have no control over persuade us that our consumption and our identity are linked ( Mintz, 1985, 211).” In his book, Sweetness and Power: The Place of Sugar in Modern History, Sidney. W. Mintz takes a historical and anthropological approach to the production and consumption of sugar and in the process explains the place of sugar in the human food chain and how capitalism and market forces changed the status of sugar from a luxury item into ...

Part 1 - Executive Summary

Most people are in need of organic foods which do not have any chemicals. Establishing an organic food supermarket will be able to provide the fresh fruits and vegetables to the people. The business will be hoping to offer best-quality feeds to the people which will promote their wellness. The venture is hoping to make profit through distributing the organic food and promote the environmental wellness. The potential growth of the business is diversifying through providing the food material, producing their own suppliers and manufacturing natural products such as creams (Canavari and Olson, 2007). When carrying out organic food ...

The term ‘macro-environment’ refers to the set of forces that influence the functioning of all the businesses at the market (Dibb and Simkin, 2008, p.26). In political terms, the fragrance market is likely to be impacted by the major trends in international relations (e.g., the conclusion of international agreements, openings and closings of markets). Similar, given the fact that the Middle Eastern producers of fragrances tend to export them to the markets of other countries, the state of the economic relations between the Middle Eastern countries and the rest of the world is highly important for exporters. Moreover, the ...

The Impact of the Guaranteed Price Policy on the European Sugar Market

Sugar industry is one of the most dynamic in the structure of the food industry and plays a significant role in the economies of several countries. The European Union leads the five largest importers of sugar. Sugar production in the EU is expected to grow by 10% in the 2017/18 season. The production may reach 18.3 million tons, but still will be lower than the record 2014/15 season (19.4 million tons). Sugar production growth is expected in France (up to 5.5 million tons) and the UK (up to 1.4 million tons). However, despite the increase in production, the EU ...

Introduction

Perhaps one of the most influential forms of media proliferating nowadays is the television. Many households nowadays use television as a form of entertainment, due to the extensive range of programs that it can offer. For example, children and the youth can enjoy animations that are geared specifically to them, while older people can either enjoy drama or variety shows depending on their tastes and preferences. All in all, it can be said that television can provide a wide variety of shows from audiences from all over, thus contributing to its popularity among modern society. One of the shows ...

Introduction/Thesis

Reality TV shows are a common staple everywhere today. We have programs that are usually in the competition format, and supposedly the spiels are largely unscripted, in order to elicit the real reactions and spontaneous behavior of the contestants. The participants are drawn into situations they would not have participated in on their own. There is often a host who asks the questions, makes comments on those participating in the show, or who somehow moderates the competition. There are those who are in favor of this genre, as it oftentimes brings people in new situations and engages the audience ...

Relationship between inflation and interest rates

Introduction Predominantly, most economic agents base their decisions on the current and expected changes in the economic conditions. Variations in interest rates have been used as a major variable by most researchers and policy analysts. Additionally, the behavior of interest rates in the economy has been studied since the interest rate is a significant macroeconomic factor to help in the understanding of how it is related to other macroeconomic variables and its impact on the economy. Primarily, interest rates entail the percentage of the loan that lending institutions charge as interest to borrowers, and it is mostly expressed as ...

Pornland: How Porn has Hijacked our Sexuality was written by Gail Dines in 2010. As a sociologist, Dine’s perspective on pornography is that it has hampered the growth of sexuality and distorted the views of both young men and women, not only on sexuality as a whole, but on their own sexuality. Dines describes pornography as a “parallel universe” where there is no longer human complexity, life pleasures or deep connections, instead humans become “orifices and body parts” . Gonzo porn is the focus of her book. This is porn that is hard core with sex that punishes the ...

Introduction

The aim of every business is to make as much profit as possible, by selling their goods and services to the consumers in the most efficient ways (Friedman, 2007). At times, it is not possible for the producers to sell their goods and services to the consumers, thereby requiring an intermediary that will make it possible for the producer to reach the consumers. These intermediaries are called marketing channels, and they help in the transfer of the ownership of goods, from their point of production to their point of consumption. In other words, marketing channels make it possible for ...

Commodity Credit Corporation (CCC)

Introduction Commodity Credit Corporation (CCC) is one of the leading public corporations in the United States that operate to improve the nation’s economy in various capacities (USDA 2016). It was created in 1933 with an aim of stabilising, supporting and protecting the income and prices derived from the farming activities. Besides, it was also charged with the maintenance a balanced and sufficient supplies of the agricultural products, thus facilitating an organised distribution of commodities. According to Vercammen (2012), the formation of CCC was based on the Delaware charter with the capitalization of $3 million. It was initially managed, ...

Introductory Remarks

At this point, it is no secret the American society shows a degree of tolerance lesbian, gay, bisexual, or transgendered individuals never enjoyed in the 20th century. The question emerges of why it is that people have grown more tolerant towards and supportive of LGBT individuals. Media categories, such as television and films considered the carriers of culture, influence people’s perception, as does the culture itself shaping it. Thus, the way such phenomenon as same-sex relationships along with their participants are depicted in television and movies determines how tolerantly the society will perceive such people. The major research ...

[Author Name(s),First M. Last, Omit Titles, and Degrees] Economic development changes society in a manner that it becomes more and more difficult for the country to remain in the hands of a single man or a group of powerful elite. The change results to transforming the social and economic framework and then moving towards a changed attitude of the population in general. The primary concern of the countrymen is to achieve a commercial greater status and increase their wealth holdings. This changing scenario leads to people taking to skilled professions; they learn the importance of collective effort ...

A distribution channel is a series that a commodity passes through to get to the final user, which is the consumer (Cravens & Piercy, 2006). The series might be a business or intermediaries who ensure a product or a service reaches those it is meant to benefit. The series can be one of the following;

Internet

Wholesalers Distributors Retailers Agents It can either be short or long, in that, when sold from the producer to the consumer directly, it is a short, while long when passes through intermediaries. In most cases, the intermediaries receive the product or service from the producer ...

Introduction

A discussion among the classical economists and the Keynesian economists continues on the government intervention in the free markets. According to the classical economists, the free market mechanism can develop solutions for the crisis in the market if there is no external influence on the markets. The Keynesian economy merely expresses that the free market economy carries the risk of generating crises and undesired deficit or surplus in the economy when the demand cannot clear the supply (Posner 234-252). The discussion on the government intervention is changing direction each time the world economy suffers from a global crisis becomes ...

The concept of Neo-liberalism has been extensively spread in the United States and the effects of this growth are immensely felt. However, unlike the expected redemption of the economic crisis experienced by the poor, the rich continually become wealthy while the poor get a seasonal aid. Ananya Roy has successfully illustrated this in her video by narrating on the facts that surround the micro donations. She admits to liking the feeling that comes about as a result of making the donations at the grocery stores or during shopping (Ananya, "The GlobalPOV Project"). However she goes on to dismiss this ...

Introduction

Regulation of the activity of the business units is not new branch of the law. In fact, the local authorities in different jurisdictions attempt to exercise control over the performance over the companies by virtue of the adoption of different regulations. However, the commercial practices shows that this activity is not always efficient due to the fact that the companies refer to the supplementary instruments suitable for the completion economic growth in the market. This implies that several organizations usually enter special horizontal or vertical agreements in terms of the competition legislation that may be prosecuted by the authorities. ...

Introduction

Both producers and consumers of mass media products like movies, films, and songs play a part in the process of developing the ideas of the products and the public perception. For instance, movie makers invest a lot of time, energy, and resources in building the plot of the story, and getting people to act and deliver a quality product. However, the final opinion of the product is determined by the customer. It means that customers play a huge role in the production of mass media content, as they make decisions depending on customer reaction to similar productions and previous ...

Where Old and New Media Collide

Human culture has often grown through word of mouth, legends, and through interaction with other civilizations and cultures. The convergence of the bygone eras has long since given way to the current modes of media that are used to mainstream information to much larger and more diverse populations. These populations are now able to absorb and process mass amounts of information at an alarming rate that begs for a continual flow of information so as to appease the masses. In order to placate the growing number of viewers and users that seek to access this information the media of ...

How Real is "Reality TV"?

Nowadays television takes a lot of time because of diversity of programs proposed. One is able to find something according to his demands and preferences. TV gives the audience the views about current matters of the world and news about changes brought to society. One cannot resist the influence television carries, so he falls under the beauty of the staged programs. One of the most popular types of these programs is reality TV, which gives the ability to relax and spend some time watching the lives of actors on screen. People are not likely to watch programs of not ...

Changes in Market Equilibrium

The interaction of the forces of demand and supply determines the equilibrium price and quantity in a perfectly competitive market. A market is in equilibrium when no buyer or seller has any incentive to the change in the commodity that he or she buys or sells at the given price. The equilibrium price of a commodity is the price at which the quantity demand of a commodity equals the quantity supply and the market clears. The process by which the equilibrium is reached is shown by the intersection of the demand and supply curve of the commodity.

Summary of the Video

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English

The movie and film industry has for a long time produced and brought up stars and celebrities across the world. These celebrities excel and improve in their life by selling the movies that they produce. The economic developments of many countries can be based on the movie production and sell. When the internet was introduced and developed to reach many people, it was one of the major boosts that movie stars and producers had on their careers because of the easier access to the fans and potential customers. However, the internet has become a major blow to the movie ...

The economy is made up of three main sectors; private, public, and the social economy sector. The private sector comprises of businesses, while the public sector is mainly the government. The social economy sector is composed of non-governmental not for profit institutions and organizations, cooperatives, charitable organizations, and social enterprises (Neamtam 1). A social economy can be said to be a distinct financial system established with the aim of improving the wellbeing of the communities, both socially and economically. The social economy has been in existence for a long time, although the first application of the cooperative principles to ...

Individual Strategic Analysis

Q1/ Answer 1 - Porter’s Five Forces Analysis The Japanese Anime Industry is one of the fastest growing animated industries in the world and thus, become the valuable contributor in the export of the company (Niracharapa 2257). However, it is being assumed that beyond the growth, the competition is the major concern for the companies in the industry; therefore, the industry analysis approach of Michael Porter is significant and going to use to determine the impacts and pressures of competition from different factors and sources in the market. The five major forces based on the porter’s five ...

22nd of April 2016

Globalization of information processes based on the latest technologies has changed many forms of human existence, but the biggest transformation has occurred in the structure and media system. The main source of information for most people have become electronic media and mainly - TV. All of them now propagate pop-culture. Popular culture has many scientific definitions. However, they all agree on one thing: pop-culture is a unity of widespread cultural elements in any society. Pop culture now includes music, film and animation, literature, the media (including comic books and the Internet), fashion, cooking, advertising, sports, tourism, and many other ...

Abstract

Green, fair trade companies, face unique problems since they are not oriented to maximizing profits. Indeed, they aim at improving the welfare of the members and create social and environmental impacts. As such, there is a conflict of interests from the multi-objective stakeholders. However, the study shows that careful analysis of the problems and initiating problem-solving techniques such as participatory management, strategic plans and use of qualified personnel reduce the challenges. 1.0 Background of the Study This section entails the history of the company, vision, core values as well as the vision. Additionally, it outlines the events and activities ...

According to this article, the Arthurs agree with Laura Grey that agritourism is the next big crop for farmers, especially in Colorado. In Colorado, there exists a great prospective to promote agricultural producers and countryside communities by making extra income from customers who are enthusiastic to pay for countryside and agriculturally interconnected practices. According to 2007 Agricultural Census report, it is depicted that 33 million in agritourism revenue was generated by, only, 670 farms out of 37,000 farms. In 2002, the average farm was generating approximately $ 14,000 annually from agritourism and leisure, but their income went up ...

Different Perceptions of the Escape TV Show

“Prison Break,” a TV show that aired on the Fox from 2005-2009, seems to be promoting a message of unyielding love between different types of relationships a person has throughout their lives. There are many shows that carry this theme though, so the TV show must be about something else as well. The show is really promoting the escape of realities such as jail, corrupt laws, governments, and companies that, on their face, seem to have twisted ideologies. The show was so successful at promoting this idea to wide audiences, that it went past the two seasons it was ...

Design and Functionality

Introduction A suit is the modern gentleman's armor. There are many intricate facets of a suit that a company has to consider while crafting such an essential garment; mainly, its functionality. Today, the designers and producers of sportswear focus not only on the attractiveness of their clothes but also on the functionality of the apparel. The demands for this type of clothes has been elevated with the customer’s sophistication, increased competition in the market, the popularity of sport and healthy lifestyle, and the desire to combine comfort and functionality. Sportswear has become a necessary attribute for the sportsmen, ...

The problem statements are as follows:

What is the role of the teacher in motivating the students? REVIEW OF LITERATURE The Motivation – Definition and Interpretation Motivation means driving people ahead; sometimes this process of pushing is self-made or sometimes the people are pushed with outside forces. The basic attribute of motivation is to move people into action. It activates the people towards doing something. The purpose of motivation lies in its etymology. The word motivation is derived from the original Latin word movere, which means to move or be moved (Ryan, Lynch, Vansteenkiste & Deci, 2010). For moving something, some action must be performed. For example, ...

A majority of people know that smoking has adverse effects on the health of individuals. Government data on health and research has shown that many of the smokers are at high risks of developing lung and throat cancer among other ailments. As a result, tobacco companies have come up with light and ultra-light cigarettes perceived to have lesser impacts on the health of the users. However, there are conflicting data on the efficiency of the light cigarettes. The arising question is who should take responsibility for the adverse impacts of light and ultra-light cigarettes, among the government, producers, and ...

How has globalization affected the choices you face in your economic decisions?

In an individual level, globalization has affected the choices I make on my economies. It has affected my choices in the entire life. The areas that have been greatly affected include religion, transport, food, music, language and clothing. On a person level, I have always believed that globalization is meant for uniting the world. As a result, I have learned various foreign languages to ensure that I communicate with people from diverse languages. Learning of other people culture had affected my way of life because my clothing has transformed. In the past, I preferred a conservative way of dressing ...

Introduction

Businesses in various sectors face lots of challenges in the environment that derive influences from different aspects in the markets. Most of those problems emanate from the operations of the organization itself while others are from the external facets of the markets. The retail industry stands as one of the most sensitive sectors of the economy due to the diversity of the products and services that they offer. For example, a single retailer can sell the goods of different manufacturers that present varying conditions in the market. Consider the fact that the regulations of oil products differ from those ...

Introduction

Corporate social responsibility (CSR) entails the practices that are undertaken by the organization as a way of giving back to the society b solving the social or environmental issue. For instance, the business may fund projects in the community such as schools programs and clean water projects. Additionally, the corporations may undertake climate change activities such as planting trees and reducing emissions as well as funding for research for common good such as Ebola and cancer programs. Implied, the corporations bet on these projects to create customer awareness and as a way to win their loyalty in the long-term. ...

PORK INDUSTRY IN THE U.S.A

Introduction

The pork industry in the U.S has taken a tremendous change in the recent past, especially with the introduction of large-scale fabrication of the produce by a few individuals in the country. However, the shift in the production to include a few players that engage in large scale production is a worry to many people in the country, an aspect that has led to heated debates. The widespread discrimination experienced by consumers is a major aspect that has contributed to the change in production trend. Consumers' taste has significantly changed in the recent past, ...

Introduction

A suit is the modern gentleman's armor. There are many intricate facets of a suit that a company has to consider while crafting such an important garment; mainly, its functionality. Today, the designers and producers of sportswear focus not only on the attractiveness of their cloths, but also on functionality of the apparel. The demands for this type of cloths elevated with the sophistication of the customers, increased competition in the market, popularity of sport and healthy lifestyle, and the desire to combine comfort and functionality. Sportswear has become a necessary attribute for the sportsmen, active sport enthusiasts, and ...

The U.S. Department of Agriculture imposes regulatory on agricultural goods as a way of putting restriction on certain commodity supplies and raise the consumer price. Import barriers are used extensively by the sugar industry. It significant to note that through trade barriers, the prices are high and as a result of high prices, the consumers are hurt more because they are forced to buy fewer products at a high price. According to USDA there is a trade barrier in the sugar industry so as to protect the producers from competition so that they can increase their returns to scale (usda.gov). Though the government ...

Consumers are increasing demanding rapid services and delivery of consumer goods on the same day. The driving force of the same-day delivery is viewed as been driven by the consumers. It is not true. The same-day delivery has its backing from the inherent competition within the producers and the marketers. The same-day delivery takes various forms in different retailing websites and networks. For example, in San Francisco Bay Area, Google uses a fleet of 50 priuses. At the same time, eBay use Shutl that it acquired from the UK. Amazon has the most revolution of them all. It uses drones ...

Introduction

There is a price war in the industries of the mobile phone and the supermarket, which is advantageous for the consumers and the respective industries. This price war is advantageous for the consumers and the industries from the demand, supply, and opportunity cost point of view. The cost of the mobile phone has declined; the continuation of this trend will make the mobile telephony affordable for huge population of the emerging markets. It also facilitates the consumers by providing more employment opportunities, increase the growth of the economy by increasing the GDP, allow the consumers not to become the victim ...

Monopolistic competitive markets and oligopoly are market structures. Monopolistic competitive market is a market structure with many buyers and sellers with differentiated products. The products are not close or perfect substitutes. In oligopoly, there are very few sellers in the market, therefore, becoming easier for them to inter relate easily with each other. (Tewari, 1996).The both have different features thus, becomes straightforward to distinguish them from each other.

An example of a monopolistic competitive market can be taken from the toothpaste industry. There are many different types of toothpaste and also many consumers. It is upon the strategies put in ...

Answer 1

Spot and forward market

Foreign exchange rate is the means of expressing the worth and the value of the economy by the value of its currency by the value of another one. The normal market usage is to in quoting the exchange rate to spot value. It, therefore, means that for spot date, the delivery for two business days from the trade date, the payment is always done two days after delivery except for Canada versus US where it is two days. The two business days are usually essential in order to allow the trade information between the counterparties involved being agreed upon ...

Introduction: This film describes the dirty trick made in a top TV quiz show during the 1950s that led to the general belief that many of the popular TV quick shows at that time were rigged, and that contestants were given the answers before the show. This incident is considered a milestone in the TV spectrum because it suddenly pours cold water on a sizzling show that many people were excited to watch. The appeal of this quiz program is not focused on the scandal, but on the result. The readers of this paper will find it interesting to read because it ...

Make Sure Your Product Innovations Serve Consumer Interest's, Not Corporate Ones

In order to make an advertisement more appealing to the customer, the producers should keep a few things in mind: first and foremost important fact is that the ad should reach out to the consumers/customers. One should do a thorough survey, according to their product, and then brainstorm on advertisement ideas. Another secret of success is that the innovations should always be in accordance with the brand that you want to promote. The brain is a machine which can lead a thought to idea, by innovation, and whatever the innovation might be, the brand must always be kept in mind. The ideas behind ...

In his argument about the film “American Splendor,” Hight (2007) seems to propose that adaptation of the comic into a film overcame most of the challenges and barriers that face such an attempt. In order to prove that Hight brought about this argument, there is a need to look into arguments by other writers with regard to adaptation of comics into films. This paper does so by looking at arguments by two film analysts. It will first look at the challenges associated with adapting a comic into a film. With this background, the paper will then look at how the producers ...

PepsiCo Company is one of the leading food and beverage companies in the global market. It holds the significant market share in snack and beverage industry worldwide with brands such as Pepsi, Doritos and Tropicana among others. PepsiCo Company will be interesting for the economic analysis because there are both macroeconomic and macroeconomic factors that influence the company value in the global market. The general economic condition of the PepsiCo affects the prices to varying degrees and economic recession has a great impact on the prices of its products that in turn affects the profit. Thus, in the economic analysis ...

Introduction

The extended producer responsibility (EPR) refers to a waste management strategy in which the environmental costs are incorporated into the market price of the products responsible or attached to those costs.The main aim of this strategy is to make producers account for the environmental effects of the product throughout their life cycles such that they feel the impact of the environmental damage that result from the product.This strategy insists on recycling of materials in order to reduce the environmental damage.This strategy was meant to shift the cost of managing and recycling to the producers mainly reusing and recycling costs.(Wales, ...

Cookbooks are products that are thought to create health problems to many people. As a result, the government has resulted in taxing the product as a way of reducing the consumption of the cookbooks. This type of tax is called sin tax. It is a tax that is usually imposed on products that are thought to be harmful to the people. Similar tax is levied on cigarettes and alcohol. When sin tax is levied, the supply of the cookbooks reduces. This is because the price increases hence the demand reduces because the consumers shift to other similar products. Therefore the producers are ...

The organic industry is amongst the fastest ever growing sectors in the United States. Organics have increased at a rate of almost twenty percent in the last couple of years and it is expected to maintain a steady growth. The following aspects constitute the trends of organic farming in detailed perspective.

Production

The amount of organic production has increased over the previous years. The Organic Production Survey of 2008 points that 4.1 million acres in the United States are used for organic production. This acreage divided into 1.8 million acres for organic pasture and 1.6 million acres for organic crops. In 2008, ...

Economic systems refer to institutions and laws in a certain country that determine the owner of economic resources as well as the ways such resources change hands between people. More so, economic systems give directions on the way resources feature in the production process for various economic services and goods. Economic systems differ from country to country. The rationale for the difference in economic systems between countries finds its basis upon the different resources and economic environments between countries. In light of the above, the content below highlights some of the distinct differences between the economic system of China and ...

PREFACE

Ever since Dr. No came out in 1962, the James Bond film series (produced by United Artists and Metro-Goldwyn-Mayer) has held itself up as one of the longest, most profitable series of action films in the history of studio filmmaking. One central component of its popularity is the film series’ ability to repurpose the sights, sounds, and trends that were occurring at the time that they were produced and released, acting as cultural touchstones to stay relevant . As they were designed for mass appeal, the Bond producers smartly find ways to capitalize on what is popular for their audiences, ...

International Trade Operations Management

Abstract The international markets operate in different dimensions and some of the fundamental principles it employs include free and fair trade. Free trade is defined by allowing organizations to trade freely in their products without restrictions. Fair trade is providing viable conditions for marginalized manufacturers in the market to operate without being overstepped by others. The paper focuses on the tenets of fair and free trade and also puts into perspective the corporate strategies employed by companies in the international market and the inherent challenges.

It is an international market policy that intimates that governments should not restrict ...

Identification of Malaysia’s Economic System 3

Evaluations of Malaysia’s Economic System.. 4 Rationale of Malaysia’s Economic System on Utility Maximization...7 Pricing Mechanism.. .9 Conclusions.. 11 References... 12 Identification of Malaysia’s Economic System The economic systems of the vast majority of the developed countries in Asia, Africa and Latin America are supposed to be mixed. In spite of the fact that there was the backward, predominantly, pre-capitalist, economic structure characterized by the use of primitive equipment and technology, it did not prevent from being the leader in the economic sector against the background of the particular economic ...

American Public University

The American economy has almost recovered from the negative influences of the global financial crisis started in 2008, and the GDP data indicates that the American economy has started growing again. The GDP data indicates that the American economy has partially recovered from the global financial crisis. It is not possible to claim a full recovery from the crisis because the graph indicates that the GDP production could not gain a strong upward development yet. The reason behind the weak economic growth in the American economy is the weak domestic demand, the decreasing exports, and the loss of confidence in the ...

The Law of Supply

The law of supply states that with an increase in the price of goods, the quantity supplied will increase and as the prices reduce, the quantity supplied will reduce, ceteris paribus. The implication here is that the price of a commodity, and the quantity that is supplied are directly related. Here, the quantity of goods that is supplied refer to some units that the buyers are willing and able to buy. This law rests on the assumption that all the other factors, save for the price of the commodity, which affect the supply of the goods remain the same. The ...

Module 1

The scientific principles of sustainability can be related to Brook Experimental Forest Controlled Experiment. The results of the experiment can be related to the nature by which the human beings have intended harmful environmental consequences to the environmental quality. One of the principles of sustainability focuses on environmental quality by avoiding activities related to degradation and contamination of air, water, and other natural systems. This involves supporting activities that allow continuous environmental renewal and refreshment. The principle of sustainability is also associated with economic vitality since a viable economy is essential to environmental sustainability. Economic vitality would ensure that the ...

Abstract

There is a growing trend of genetically modified foods, which has seen their entry in the market. Consumers are faced with the task of deciding whether to buy these foods or not. Taking into account their effects, some informed consumers use these foods while others decide to do away with them. On the other hand, uninformed consumers end up consuming these foods without knowledge on their effects. There are two opposing views regarding genetically modified food. Those in favor argue that they should be allowed in the market and the decisions to consume or not to be left with consumers. ...

Abstract

The paper dwells on general equilibrium theory by putting into perspective various critical issues. The origin of the concept of general equilibrium theory is illuminated dating back to neoclassical period. Moreover, various models such as Walras model of pricing and modern equilibrium model is also put into consideration. Finally, the importance and application of general equilibrium has also been discussed at length. General equilibrium theory refers to a concept modeled around theoretical economics. The modern general equilibrium takes into consideration three important interpretations which should be taken into consideration. The idea of general equilibrium theory cannot be complete when there ...

- At the equilibrium quantity how much annual revenue do the producers receive? 20 $ per crate of oranges - If the government imposes a price floor of $30 per crate how much revenue will producers now receive? (80 million crates x30 $) = 2,400 $ million - Discuss whether producers are necessarily better off. The producers are not better off because when the prices for the oranges is low, many customers demand for them and this would result to extreme losses. On the other hand, when the price for the oranges is high, few customers are capable ...

The December holiday is a period of the year when people do a lot of shopping. There is either a lot of stock in the shops for the many consumers, or overpriced goods, and sometimes both. People purchase goods for others, and at the same time they expect presents from the people they are buying for the goods. For this reason, there are those who purchase goods and those who receive these gifts that have been purchased (Bige, 2008, p. 425). The two groups of people have a different perspective on the way they view the gift. There is also the group of ...

The play I saw was “The Producers.” I saw it at Saginaw Valley State University. I saw it on April 11, 2014. The play was inspiring and as close to the original Broadway production as I could have hoped for at a university showing. The actors went off the original script; the playwright for “The Producers” is Mel Brooks. The play is also a musical, which contained the original composition done by Mel Brooks, as well. As it turns out, Mel Brooks was also the lyricist of the play. The play was written in 1968 and is representational and presentational, ...