Thursday, January 23, 2020
Free College Essays - Symbolism in Hawthornes The Scarlet Letter :: Scarlet Letter essays
The Scarlet Letter Symbolism The Scarlet Letter is a book of much symbolism.Ã One of the most complex and misunderstood symbols in the book is Pearl, the daughter of Hester Prynne.Ã Pearl, throughout the story, develops into a dynamic symbol -Ã one that is always changing.Ã In the following essay, I will explore some of the symbolism which Pearl came to represent throughout the novel. Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã In The Scarlet Letter, Hester, for her sins, received a scarlet letter, "A" which she had to wear upon her chest.Ã This was the Puritan way of treating her as a criminal, for the crime of adultery.Ã The Puritan treatment continued, because as Hester would walk through the streets, she would be looked down upon as if she were some sort of demon from Hell, that committed a terrible crime.Ã This would give her much mental anguish and grief.Ã On the other hand, God's treatment of Hester for her sin was quite different than just a physical token: he gave Hester the punishment of a very unique child which she named Pearl.Ã This punishment handed down from God was a constant mental and physical reminder to Hester of what she had done wrong, and she could not escape it.Ã In this aspect, Pearl symbolized God's way of punishing Hester for adultery.Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã The way Hester's life was ruined for so long was the ultimate price that Hester paid for Pearl.Ã With Pearl, Hester's life was one almost never filled with joy, but instead a constant nagging.Ã Pearl would harass her mother over the scarlet "A" which she wore.Ã Pearl would also make her own "A" to wear, and sometimes she played games with her mother's, trying to hit it with rocks.Ã When Hester would go into the town with Pearl, the other children would make fun of her, and Pearl would yell and throw dirt at them.Ã So, in this case, Pearl symbolized the decimation of Hester's life and mental state. Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Although Hester had so much trouble with Pearl, she still felt that Pearl was her treasure.Ã Pearl was really the only thing that Hester had in life, and if Pearl wasn't in Hester's life, Hester would almost surely have committed suicide.Ã Once and a while, Pearl would bring joy to Hester's life, and that helped her to keep on living.Ã Pearl really symbolized a rose to her mother, at some times she could be bright and vibrant, and really love her mother, but at other times, she could be wilting.
Wednesday, January 15, 2020
Research Real Estate Data Set Essay
Abstract In this paper the team analyzed three scholarly articles relating to our study. Furthermore, the team also analyzed additional data sets to include more variables like bedrooms and bathrooms in our investigation to test our hypothesis which shows that the results are consistent with the hypothesis. The population size, primary and secondary data, using unbiased information and applying ethics are also discussed in detail. Real Estate Data Set II As we begin the final stages of our project it is important to understand the process of applied research and how one or more variable have an impact on the dependable variable. It is important to understand why research is necessary and how we apply research to get answers to issues. The team analyzed thirty date sets to research homes with or without a pool, with or without a garage, and on the proximity of the house to the city, and how those factors affected the selling prices of homes. Furthermore, the team also analyzed more data sets to include more variables like bedrooms and bathrooms. Six bedrooms, three bath houses will sell for more than a one bedroom, one bath houses, regardless of whether it has a pool or garage. As we go forward with this assignment and analyze more data collection sets, it seems that the hypothesis that we proposed is the right one. Our hypothesis is based around the concept of human prioritization and its role in home selection. Additionally, the team researched three scholarly articles that are pertinent to our study to help us understand why the research is important and necessary. The first article uses analysis to discuss the connection between the selling price of a home and ââ¬Å"Time on the Marketâ⬠(TOM) (Sirmans, et al, 2010). It states that the longer the house is on the market the lower the selling price of the house. The study uses data sets to examine single family homes and whether the TOM co-efficient is susceptible to location, income of families, wealth and time. The results proved that the TOM co-efficient is sensitive to the variables and there is a significant relationship between TOM and the selling prices (Sirmans et al, 2010). It also states that selling prices and TOM is a very complicated because ellers / buyers want to maximize the price, while sellers want to sell at the top price buyers want to purchase at the lowest price. The second article discusses the study of how technology of real estate is changing and how important technology is key to gather important data from private and public sources for the real estate industry. Many studies have been published about the impact of the information on the real estate industry, on market size and efficiency, and market innovation. These studi es have proven that email and the use of internet are used as a positive marketing tool. Survey questions were developed to gather information about real estate agents and their attitude about using information technology as marketing their services. The results were positive and all that were surveyed viewed that information technology was key in some areas. Internet usage got a high score along with online research but personal webpageââ¬â¢s indicated a lower score (Acharya et al, 2010). The third article examined that in real estate development there is a need for risk assessment techniques to assess the impact of the project. The article is based on an exploratory survey which data was collected through interviews and a questionnaire. The study was conducted in the Thailand area using Thai real estate development companies. The study revealed that there are no systematic techniques to deal with the concerns of economic and political risks (Khumpaisal et al, 2010). All three articles focus on real estate research and how information is collected and used in different studies. All three article discuss how data, the collection of the data and the usage of the data play an important part while conducting research. When conducting research it is often difficult, or impractical to test the entire population. Many issues can arise, such as time consumption, cost, and redundant information. Often it is possible for researchers to draw conclusions based on population samples. This is when we test a small portion of the population and draw conclusions on the entire population based on the sample results. For our research the sample of thirty homes came from a larger sample of one hundred six homes. These homes were a sample of homes in one state, across five townships. For our research we decided to limit the sample to around thirty homes of similar qualities (outside of the variables we are testing). The reason we do this is to be sure there isnââ¬â¢t an outside, unknown variable affecting the experiment. Therefore we chose homes that are between two and three bedrooms, with two bathrooms. This gave us a sample of thirty-one homes. For this particular research, it is possible to see the affects of different variables on home prices. Also, with more than thirty samples it is also possible to eliminate outliers that may skew averages. For example, if we only tested three homes and two of them were priced outrageously, we wouldnââ¬â¢t be able to draw valid conclusions. However, by testing thirty-one homes, we can eliminate outliers. There are many possible sources of bias and error when testing a hypothesis with only sample of the population. In our case, we could simply omit homes that disprove our hypothesis. One reason for this is if we were working for a real estate company and they want to see which homes can make them the most money, and we know there are a lot of homes near the city center for sale. If we omit homes far away from the city that are selling for more, our bias has caused us to give false findings. Not all omissions are intentional. Sometimes errors are simply made in the research process. For example, with our research we could have included homes with any number of bedrooms. This would have resulted in data that may not have been practical for our research. For example, the complete data set included homes with up to eight bedrooms. If we were to compare that to a home with only two bedrooms the fact that either had a pool, or garage, or was close to the city would have been negligible. Again, we chose to only test similar homes in respect to number of bedrooms and bathrooms in order to prevent this error. It is necessary to collect primary data when a researcher cannot find the data needed in secondary sources. Some methods of primary research would include observation, postal surveys, telephone interviews, online surveys, face to face surveys, focus groups, and test marketing. Observation works well in retail markets. Observing consumer behavior provides many insights, although can sometimes leave unanswered questions. Postal surveys are great because they are relatively cheap with the ability to cover a wide geographical area. However, response rates are minimal and can take quite some time before any of the surveys are returned. Telephone interviews allow quicker feedback than a postal survey but any potential customers are usually hesitant on giving anything but short answers. Increasingly popular and at relatively low cost, surveys online are widely used by growing businesses as a way of gathering the views of potential and existing customers. Face to face surveys are sometimes costly, but a great way to get individual detailed insight, while focus groups are a good way of getting detailed information about customer preferences and tastes. Test marketing involves picking a small section of the market and selling a new product in order to assess customer reaction. This primary research can be a great predictor of how a new product or service will be received by the larger market. Primary research is the preferred research and conducted all of the time. National polls and surveys collect the populationââ¬â¢s thoughts about proposals or particular political figures, journalists use it as their primary means of reporting events as well as news, and organizations collect data on their market trends and consumer base. When conducting research in professional or academic settings, the researcher needs to be aware of the ethics behind the research activity Ethical issues arise throughout any piece of all research. These issues often turn into political ones, and there are also close connections between issues around participation and ethical concerns. Ethical issues also have a tendency to turn into questions of trust. The researcher is the research instrument therefore the reader and/or user of qualitative research must be able to trust the researcher to have followed the proper procedures. There are quite a few key phrases which describe the system of ethical protections that medical research and the contemporary social establishments have created such as, voluntary participation, informed consent, confidentiality, anonymity, and rights to service, to better protect the research participantââ¬â¢s rights. When conducting research it is important to understand all stages of the research and apply good practices such as using unbiased sources and clear and ethical standards. Even when clear ethical standards and principles are in place, there will be times when the rights of potential participants runs up against the need to do accurate research. No set of standards can possibly anticipate every ethical circumstance. Furthermore, there needs to be a procedure that assures that researchers will consider all relevant ethical issues in formulating research plans.
Tuesday, January 7, 2020
Positive Body Image Group Essay - 1234 Words
Body image disturbance, or BID, can have negative effects on individuals and can be found among many different ages of women. In fact, BID can even be found in girls as young as age seven. Many negative effects have been attributed to BID, such as increased anxiety, stress, and depression, which can cause issues both psychologically and physically (Devaraj Lewis, 2010). Therefore, there is a need to help women combat these negative effects of body image disturbance and help maintain a more positive body image. Body image disturbance can be defined as a maladaptive internalization of an individuals weight, shape, and/or appearance, usually involving any combination of attitudinal, behavioral, and perceptual components (Bhatnagar,â⬠¦show more contentâ⬠¦It is important when developing a treatment module for BID that clinicians turn to prior research to guide them in the development of their therapy program. Literature Review It is evident throughout the literature that cognitive behavioral therapy (CBT) in a group setting for BID appears to be the most effective and empirically supported treatment (Farrell, Shafran Lee, 2006). CBT encompasses various techniques, including cognitive restructuring, behavioral experiments, and size perception training. An exemplar study that employed some of these different components of CBT would be Bhatnagar, Wisniewski, Solomon, and Heinbergââ¬â¢s (2013) study. The authors developed a CBT group intervention for body image disturbance in women who had diagnosed eating disorders. The intervention targeted both attitudinal and behavioral components. The group consisted of eight sessions and used a variety of techniques, including: (a) psychoeducation, (b) breathing and progressive muscle relaxation, (c) imagined and in vivo exposures to desensitize to appearance and body image triggers, as well as (d) relapse prevention techniques. Each session also included homework to be completed prior to the next session. Bhatnagar et al. (2013) found that upon completion of the group program, participants were more satisfied with overall appearance and with individual body parts. The authors also found that there was lessShow MoreRelatedMedia Effects On Body Image Essay1648 Words à |à 7 Pagesage groups and mostly women have been studied regarding media effects on body image. These studies did not test the external stimuli created by peer groups that have an impact on a personââ¬â¢s self-idealization. This study addressed individual age groups divided by gender in order to determine how much media effects body idealization and if gender peer group opinions impact self-idealization when viewing media models. Methods The methods used in this study incorporated individuals into groups by ageRead MoreThe Psycho Social Aspect Of The Disorder Essay1403 Words à |à 6 Pagesin society for centuries, and it is partly due negative body image. A negative body image is the when people perceive themselves in a damaging manner. Anorexia nervosa (AN) is not an exception. 1 in a 100 people are suffering from this eating disorder, with only 10% of these individuals being male. Half of those with believing they are obese, when in fact that are underweight. The thought of being obese contributes to the negative body image and the continuation their self-starvation. Even thoughRead MoreWhat Are Teen Fashion Magazines?820 Words à |à 4 PagesBradley Universityââ¬â¢s research also attributes magazines for causing many eating disorders and negative body image in women. The universityââ¬â¢s research states that the images in these magazines are becoming societal norms in the eyes of teenage readers. Young readers are accepting of magazines that promote a positive perception of oneââ¬â¢s body. Researchers created an activity that assigned a group of students the three following readings: chapter 11 of Wood (2009), Bissell and Zhou (2004), and HarrisonRead MoreSignificant Relationship Between Body Image Satisfaction And Body Image Coping Strategies805 Words à |à 4 PagesThe main purpose of this study was finding a Significant Relationship between Body Image satisfaction and Body Image Coping Strategies whit psychological symptomatology in Invasive and Minimally Invasive cosmetic Clients. The results showed that Interaction of Appearance and Social Function and high appearance dissatisfaction strong predictors of higher levels of anxiety, depression and interpersonal sensitivity. Avoidance is significantly predictors of higher levels of interpersonal sensitivityRead MoreThe Halo Effect Essay1249 Words à |à 5 Pagesoften successful and happy. This effect emphasizes that people who are seen as attractive are often tied to other positive characteristics like being smart, wealthy, or friendly (Watts, 2011). This is definitely true in the media because people put so much importance on being attractive and often value people more based on that, whether or not their other characteristics are actually positive. An article that supports the importance of this thin promoting media being harmful said that a study predictedRead MoreHlt 362v Workbook Exercise 18698 Words à |à 3 Pages1. In comparing men and women, which group had higher body image scores? Provide a rationale for your answer. Women had higher body image scores with a X_ï⬠½Ã¯â¬ 73.07 compared to men with a X_ï⬠½Ã¯â¬ 60.22. With this study, the higher the mean, the greater the body image scores. Thus, the higher mean for womenââ¬â¢s body image scores showed that women have stronger body image scores than men. 2. Men had higher variability in weight change over the last 12 months when compared to women. Is this statementRead MoreThe Study Of Body Image1572 Words à |à 7 PagesThe study of body image is a broad topic that touches many subjects including gender. However, the study of body image has been focused mainly on females. This is because the physical shape and image of male bodies have not changed over the history. From the ancient Greek until the modern era, the masculinity is the predominant stereotype for men. Masculine traits include courage, independence and assertiveness (Judith, 2001; Murray, 2000). In contrast to the male body, the female figures have beenRead MoreWhy Cosmetic Surgery Improves Mental Health1689 Words à |à 7 Pagespsychological variables such as body image, self-esteem, and mental health. Body image specifically has been suggested to be a crucial factor in the desire to undergo cosmetic surgery. This is based off two important components including body image evaluation, referring to how satisfied a person is with his or her own body, and body image ori entation, indicating how important body image is for a person. A person with a low body image evaluation combined with a high body image orientation increases theRead MorePhysical Based Programs As Interventions For At Risk Youth Essay1717 Words à |à 7 Pagesoffer psychological and social benefits for at-risk youth. Program evaluations of GOTR demonstrated significant changes in pre to post intervention measures of participantsââ¬â¢ self-esteem (DeBate Thompson, 2005; Debate et al., 2009; Galeotti, 2015), body size satisfaction (DeBate Thompson, 2005; Debate et al., 2009), eating attitudes (DeBate Thompson, 2005; Debate et al., 2009;), and commitment to physical activity (Bean, Mazzeo Fries, 2012; DeBate, Zhang Thompson, 2007). Excluding a 2011 studyRead MoreMedia s Influence On The Media1169 Words à |à 5 Pagesa negative effect on some? And if so what age, demographic or social group could be considered to be more vulnerable to these effects? Melissa A. Milkie (1999) writes that, ââ¬Å"researchers have suggested that one reason why people are so critical of the media is that the media distorts reality and reflect groups in distorted ways (p. 198). This is very much true, especially in magazines, when people try to photo chop girlââ¬â¢s bodies. For example, in a magazine you can see that a girl is photo chopped
Monday, December 30, 2019
Cultural event Free Essay Example, 1000 words
These events do unite the LGBT community by giving a sense of pride and belonging. They also give the community a common voice where they tell the world that they are i. e. normal people who like having fun just like everybody else. By coming together, the LGBT community creates a sense of security and stability to all members of the LGBT community. It, however, divides the LGBT community in that the separate groups i. e. the lesbians, gays, bisexuals and transgender have their own different events that an individual who identify to a particular sexual orientation attends. For example, it is difficult to find a lesbian in a gay event. So this outcome divides the LGBT community through the various events that are attended by individuals who identify with a particular group. Another division comes by through the lack of acceptance among all groups of people in the LGBT community. For example, it is known that most gays and lesbians do not fully accept bisexuals and transgender. The bi sexuals and transgender are seen as not being true to their sexuality or not being serious at all. We will write a custom essay sample on Cultural event or any topic specifically for you Only $17.96 $11.86/page In spite of the parallel relationship between race and sexuality, there are several differences between the two in the U. S. first; race is readily visible while sexual orientation can be concealed. For example, a white person will recognize an African Americanââ¬â¢s race from the outside appearance and will think about him based on his race. It is, however, not easy to know oneââ¬â¢s sexual orientation from the outside. Secondly, race in the U. S is more closely linked to social, economic status than it is to sexual orientation. Unlike race and ethnicity, sexual orientation relates more to social class and economic status. Lesbians, gays, bisexuals, and heterosexuals appear to be distributed throughout the societys strata; however, anti-gay discrimination seems to affect occupational distributions and income levels, especially for the gays. From the above analysis, it is perceptible that issues like race, sexuality, class and gender are bound to bring about some kind of divide in the LGBT community.
Saturday, December 21, 2019
Historical Archaeology Of The 19th Century - 1917 Words
During swiftââ¬â¢s time, there had been long, expensive wars between King James and who would later be referred to as king William in Ireland. After the defeat of King James laws were passed that made it so that Catholics could not hold positions of power, own land or event vote. And Presbyterians could own land but could not vote. The land that could not longer be owned by the Catholics The defeat of James forces by his Protestant son-in-law, William of Orange, Ireland had become a Protestant-dominated country by the end of the seventeenth century, with political power firmly in the hands of the island s landowning Protestant Ascendancy, a class that experienced its great affluence and influence during the eighteenth century. Jr., Charles E. Orser, and Colm J. Donnelly. Historical Archaeology in Ireland. Encyclopedia of Archaeology, edited by Deborah M. Pearsall, Elsevier Science Technology, 2008. Credo Reference, http://ezproxy.ardc.talonline.ca/login?url=http://search.credoreference.com/content/entry/estarch/historical_archaeology_in_ireland/0. Accessed 26 Nov 2016. A Modest Proposal (1729) consummately maintains the reasoned voice of a promoter of social improvement who would ameliorate the poverty and hunger in Ireland by the most economic and expedient of means: selling the babies of the poor as food at the markets. The official tone enables Swift to quantify and demonstrate the degradation of Ireland, while the pose of a shared ââ¬Å"humaneâ⬠concern entraps theShow MoreRelatedAnimal Ancestry : The Field Of Anthropology Essay1271 Words à |à 6 PagesRyan Schueneman Intro to Anthropology Rachel McTavish 05 December 2016 Animal Ancestry Within the field of anthropology, there are various subsections that deal with specific branches of knowledge. Zooarchaeology, specifically, is a division of archaeology that deals with the remains of an animal after it has died. Much knowledge can be gleaned about various aspects of the animal itself, as well as the world surrounding it, through the study of zooarchaeology. The following will discuss the historyRead MoreHistory Is The Base Of The Future948 Words à |à 4 Pagesconnections in the future. History is the study of the past and the study of the ancient and the recent human past through material remains is known as archeology. Archaeology offers a unique perspective on human history and culture that has contributed greatly to our understanding of both the ancient and the recent past. Archaeology helps us understand not only where and when people lived on the earth, but also why and how they have lived, examining the changes and causes of changes that have occurredRead MoreThe Boston University Archaeology Department Essay1388 Words à |à 6 PagesMay 9th, 2016, the Boston University Archaeology Department held a public outreach event called, ââ¬Å"Eating Archaeologyâ⬠, where guests were served foods from four different time periods and places: Bronze-age Mycenae, Bronze-age China, Pre-Columbian Mesoamerica, specifically the Aztecs, and mid-19th century Boston. The creation of these dishes was made possible through analyzing archaeological sites through the lens of the newly popularized sub-field, archaeology of the senses, which studies how theRead MoreInvestigating The Changing Patterns Of Politica l And Social Organization Of Southern Africa During The 19th Century1437 Words à |à 6 Pages Archaeology Research Project The Ezra Siyadhuba Archaeological Research Project proposes to investigate the changing patterns of political and social organization in Southern Africa during the 19th century. The project focuses on how social and economic practices were transformed by the way the political system of the state worked on the people. The study will answer the questions asked about whether the Ndebele people who migrated continued with theirRead MoreEssay on Gender Roles in Dakota Culture909 Words à |à 4 PagesI do not agree with scholars who argue that Dakota women were subordinate to Dakota men. Waterlily is ââ¬Å"about a girl who lived a century ago, in a remote camp-circle of the Teton Dakotas [Lakotas].â⬠(Deloria vi). Ella Cara Deloria, author of Waterlily, explains her writing, ââ¬Å"it reads convincingly to any who understands Dakota life... and its purely the womans point of view, her problems, aspirations, ideals, etc.â⬠. (Deloria vi). In general, when our [westernized] culture hears that women are inferiorRead MoreEssay about Cultural Studies 1st Exam1573 Words à |à 7 Pagescommunities,â⬠most of whose members never see one another face to face but who nonetheless experience a sense of fellow felling for one another. a. Fried Morton b. Bruno Latour c. Benedict Anderson d. Julian Steward ___9. In the 21st Century, ethnographers drew attention to the way in which members of non-Western societies selectively incorporated ââ¬Å"modernâ⬠or ââ¬Å"scientificâ⬠practices originating in the Western world in order to help them develop their own conclusionsRead MoreThe Human Nature Of Human Beings1119 Words à |à 5 Pagesof this statement before the mid-19th century until Charles Darwinââ¬â¢s research led him to postulate a naturalistic explanation for the diversity of species, including human beings that inhabit the Earth. Divergent reactions to Darwinââ¬â¢s theory of evolution helped to splinter many Protestant denominations, with modernists accommodating the creation story to modern scientific findings and fundamentalists insisting upon the original meaning. The study of the historical reconstruction of the appearanceRead MoreEssay on The History and Heritage of Society1671 Words à |à 7 Pagesfield avoid problems associated with dissonant heritage. Nevertheless, for this paper, I am concerned with the postmodernist or post-processualist backgrounds in archaeological heritage theory. More specifically the evaluation of historicity or historical authenticity and the commodification of the past as a high order consumer good all of which are byproducts or passive results of modernist production, and are increasingly central and active elements and in whatever new system is emerging. The planningRead MoreThe Archaeological Theory Of Practice1451 Words à |à 6 PagesIn the Archaeological Theory in Practice textbook, the positive legacies of Culture History are detailed by V. Gordon Childeââ¬â¢s archaeological theory processes. It emphasized that cultural History subdivided historical societies into distinct ethnic and cultural groups by their physical culture, rejecting a comparative method and independent cultural development, with documentation reflecting the development of specific groups have distinctive set of traits unique to each cultural group. It explainedRead More Trade in the Iron Age Essay2449 Words à |à 10 Pagesis typically done in two ways. The first way to differentiate between two periods is to notice if there is a clear boundary or separation among the archaeological remains. The second way is by looking at the periods from a historical standpoint, and noting any major historical event that led to a significant social and/or political change. Though there are other ways to do this, these are the two most common and useful methods. Both of these techniques make it possible to recognize the differences
Friday, December 13, 2019
E-Learning website for Multimedia Free Essays
People nowadays, access the Internet or online services to acquire different and useful information. Most of them are people that want to get knowledge that are easy to learn and understand. It is very common now in our society that many people use the computer for their research purposes and to gather such information by simply surfing through the internet. We will write a custom essay sample on E-Learning website for Multimedia or any similar topic only for you Order Now One of the things that gives information and many people can acquire knowledge is the E-learning systems. E-learning system is web-based learning or known as the online training and eachings that are more simple and easy to learn. E-learning services, it enables developing of skills and knowledge by means of different web-applications and process in a particular course of teaching. Many people uses the internet to watch and to search for different tutorials that can we access to many different online services. Multimedia Arts involves the digital designing of visual elements, such as editing images, videos, audios, etc. It becomes richer and deeper because visual and narrative art are expressed in digital media. Therefore, E-learning system for Multimedia arts can give interest and opportunities by means of accessing this web-based training. There is variety of equipment on this online education that gives the important teachings that the users need to learn. General Problem How to create an E-Learning system for Multimedia Arts that enables to acquire skills and knowledge that is more simple and easy to learn. Specific Problem How to design the interface of the system? How to design the layout of the system? How to maintain the security of the website? How to cite E-Learning website for Multimedia, Essays
Thursday, December 5, 2019
Comparative and Absolute Advantage-Free-Samples for Students
Questions: 1.As a producer, why is it important to consider the Price Elasticity of demand of your product when setting the price you are going to charge? 2.Explain the difference between Comparative advantage an Absolute advantage. Answers: 1.Significance of price elasticity of demand Price elasticity of demand of goods is a measurement that reflects the relation between the percentage change in quantity demanded of goods and percentage change in goods price (Reisman, 2013). The companies estimate price elasticity of demand for commodities that helps in predicting the affect on sale of product pricing (Hubbard et al., 2012). It facilitates the firms in making proper revenue projections and generates accurate budgets. However, this improves the business operation and financial performance. Demand elasticity can be of different types that includes- income elasticity, cross price elasticity, own price elasticity. A product can be perfectly elastic (e=), perfectly inelastic (e=0) and unitary elastic (e=1) (Baumol and Blinder, 2015). Price elasticity of demand is important for each producer as it provides an idea about the consumers consumption of goods due to price change. Every producer strategizes to decrease the goods price if the demand for good is price elastic ( Mankiw, 2014). On the contrary, producer raises the goods price if the goods demand is price inelastic. These strategies assist the producer in attaining higher profit and compete with the other manufacturers. If the demand for good is inelastic, a certain rise in its price will lead to rise in total revenue with quantity demanded of goods remaining unchanged. On the other hand, in case of elastic good, a rise in quantity demanded will have no effect on goods price. This is illustrated with the help of the diagram given below: Figure 1: decrease in price due to increase in supply with quanity remaining constant in case of inelastic demand Source: ( Created by author) Figure 2: Increase in price due to decrease in supply with quantity remaining constant in case of inelastic demand Source: (Created by author) Figure 3: Increase in quantity due to increase in supply with price remaining constant in case of elastic demand Source: (Created by author) Figure 4: Decrease in quantity due to decrease in supply with price remaining constant in case of elastic demand Source: (Created by author) Difference between comparative and absolute advantage Comparative and absolute advantages are two vital theories in international trade. Absolute advantage refers to the ability of the nation for producing certain commodity in efficient way than another nation. On the other hand, comparative advantage refers to the capability of the economy to produce certain product with less opportunity cost than other economy (Laursen, 2015). Trading between two nations does not gain mutually in case of absolute advantage whereas in case of comparative advantage, both the nations benefit mutually from trading. Absolute advantage considers advantage in producing abundant goods while comparative advantage considers nation overall production during a particular period (Schumacher, 2012). Comparative advantage bestows a firm the ability in selling goods at low price from rivalries for realizing higher sales margins while absolute advantage facilitates in comparing productivity of various manufacturers. Specialization refers to as the tendency of the nation to specialize in certain a product for which trading is done for some other product. Specialization benefits the country in having higher economic efficiency and growth opportunities for other sectors. Specialization in fabrication of products in which the countries have absolute advantage assists two countries in doing trade (Feenstra, 2015). On the other hand, exchange rate also helps the countries in enhancing international trade. However, weak domestic currency motivates export and creates imports highly expensive References Baumol, W. J., Blinder, A. S. (2015).Microeconomics: Principles and policy. Cengage Learning. Feenstra, R. C. (2015).Advanced international trade: theory and evidence. Princeton university press. Hubbard, G., Garnett, A., Lewis, P. (2012).Essentials of economics. Pearson Higher Education AU. Laursen, K. (2015). Revealed comparative advantage and the alternatives as measures of international specialization.Eurasian Business Review,5(1), 99-115. Mankiw, N. G. (2014).Principles of macroeconomics. Cengage Learning. Reisman, D. (2013).The Economics of Alfred Marshall (Routledge Revivals). Routledge. Schumacher, R. (2012). Adam Smith's theory of absolute advantage and the use of doxography in the history of economics.Erasmus Journal for Philosophy and Economics,5(2), 54-80.
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