How to Write a Good Essay - Three Tips

How to Write a Good Essay - Three TipsIn order to write a good essay, you have to be aware of the difference between writing an essay and writing a short story. An essay can be written in a number of ways. Here are some tips that will help you in this endeavor.The first tip that you must remember is that essay writing should not have one common theme. That means, there should be variation in the topics of your essay. Each topic should have its own style, its own way of doing things. Think about the audience for the essay, and when you are writing the essay, try to think of ways to make it interesting to them.In order to create variations in the essays, you need to be creative. Try to think of different ideas on how to make your essay interesting to the audience. You might choose to mix certain subjects and put them together with a new theme or combination.The second tip that you need to remember when writing an essay is to choose the appropriate words. Your essay will be in the same format as what you have used previously. So, if you used certain words like 'our'the', then try to use those words in different ways in your essay.If you want to mix the two subject areas in your essay, then try to make them interesting to your readers. Remember that an essay is a mixture of different topics. Use words and phrases in the same way but with different meaning to make the essay interesting.The third tip that you must remember is that an essay has many different things to it. That means, even though you have one subject, it doesn't mean that you have to limit yourself. You can mix the two subjects and write different subjects at the same time.To write essays with different subjects is not too difficult, but it is important that you are able to use different ways to present your ideas to your readers. In this way, you will make your essay more interesting and enjoyable for them.

Impact of Globalization and Bangladesh - 18126 Words

GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Strategy by RAHMAN MD FAIZUR, MAJOR, BANGLADESH M.D.S., National University of Bangladesh, 2004 Fort Leavenworth, Kansas 2005 Approved for public release; distribution is unlimited. REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704-0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing†¦show more content†¦Walz, M.A. , Member Michael D. Mihalka, Ph.D. , Member Richard T. Anderson, M.S. Accepted this 17th day of June 2005 by: , Director, Graduate Degree Programs Robert F. Baumann, Ph.D. The opinions and conclusions expressed herein are those of the student author and do not necessarily represent the views of the U.S. Army Command and General Staff College or any other governmental agency. (References to this study should include the foregoing statement.) ii ABSTRACT GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY, by (Major Rahman Md Faizur, 76 pages.) Over the past decades, globalization has now become a new world order, which virtually influences everything that comes in our mind. Developing countries like Bangladesh with vulnerable geopolitical locations and weak economies are now looking at globalization to strengthen their economy to fight any perceived threats. But the increasing role played by the western dominated institutions such as, the World Bank (WB), International Monetary Fund (IMF), and the World Trade Organization (WTO) in setting the rules under which globalization is played, has placed developing countries in a much disadvantageous position vis-à  -vis the developed countries. However, a closer look at the globalization will show that it has both positive and negative impacts on the economy ofShow MoreRelatedNotes on the Impact of Globalization in Bangladesh4374 Words   |  18 PagesLetter of Transmittal 26 September 2012 Sayed Tanim Muhammed Tareq Lecturer FBA, USTC Dear Sir, I am pleased to present the annual report on the Globalization impact in Bangladesh. This report has been prepared to meet the requirements on the basis of reasons effecting Bangladesh due to Globalization. Our annual report is submitted in accordance with the provisions of the knowledge provided and shared between our team members. The annual report of this project has also been prepared in line withRead MoreGlobalization Impact on Bangladesh Economy4281 Words   |  18 PagesEconomy of Bangladesh Economy of Bangladesh Currency Fiscal year Trade organisations Bangladesh Taka (BDT) 1 July - 30 June WTO, SAFTA, D8, WCO Statistics GDP GDP growth GDP per capita GDP by sector Inflation (CPI) $228.4 billion (2008 est.PPP) 6.5% (2008 est.) $ 1500 (2008 est.PPP) Agriculture (19%), industry (28.7%), services (53.7%) (2007 est.) 9.4% (2008 est.) Population 38% (2009 est.) below poverty line Labour force Labour force by occupation Unemployment Main industries 70.86 millionRead MoreEssay on The Terrible Impact of Globalization on Dhaka, Bangladesh985 Words   |  4 Pagesemploys more than three million workers in Bangladesh, most of them women. Activists say that global clothing brands like Tommy Hilfiger and the Gap and those sold by Walmart need to take responsibility for the working conditions in Bangladeshi factories that produce their clothes. From article by Vikas Bajaj published in The New York Times, November 25, 2012 To establish our own point of view on the issues of globalization in Dhaka, Bangladesh we are obliged to take a look at few thingsRead MoreGlobalization And Competitiveness : The Impact On Future University Of Alberta Bcom Graduates Essay982 Words   |  4 Pages Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Nickia Kwan 1468914 University of Alberta Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Globalization continues to impact how countries connect with each other. This impact can clearly be seen in changing social, technological and economic spheres. 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A Government is the governing body of a nation, state, or community and governance the action or manner of governing. Over the years globalization has brought about transnational networks in international politics. What is novel is this networks ability of mobilizing non-state actors with information strategically to help create new issues and persuade over much powerful organizations andRead MorePoverty and Diseases in Sub-Saharan African Countries: Local and Global Solutions1225 Words   |  5 Pagesindependents suffer from hunger. In Sub-Saharan African, for example, females often pay the burden of caring who may give up their educations or accept low-waged jobs in order to meet their household costs. Missing out on education has long-term impacts on their life and their health, and this would lead to the spreading of diseases. Before we step out of a country’s border, it is worth to dive deep into a Sub-Saharan African country and see what prevents this country from growing big and becomingRead MoreImpact Of Management On The Globalization Of Business1374 Words   |  6 Pages Impact of management in the globalization of business Ruth Wills University of the People Abstract The purpose of this paper is to show impact of management in the globalization of business. The following topics are addressed in this paper: 1. Definition of Multi-National Corporation 2. Cultures and Norms 3. Management Style and Culture Shock 4. Management Style of a Multi-National Corporation : Toyota Motors 5. Ethical and Economic challenges faced Multinational CorporationRead MoreCan Globalization Be Made For The Poor?3039 Words   |  13 PagesCan globalization be made to work better for the poor? Discuss with reference to at least one country in the developing world. Introduction Globalization is not a new concept. It is just advancing faster now a days, faster than ever before but it has been around hundreds or some may argue thousands of years ago. It has never had any single meaning nor had it has any definition without disagreement. It has always have different meaning to different people. Globalization is such an issue which isRead MoreThe Global Financial Crisis Of The Usa1383 Words   |  6 PagesSouth Asia and Latin America. Asian countries were more affected by a strong recession in the USA Bangladesh Bangladesh is a developing country and globalization integrates it with the global market in diverse areas. Bangladesh is equally affected by this global turmoil in the short run as well as in The long run. It is very difficult to predict the scenario in the long term; however, short term impact should duly be taken into consideration. The global financial crisis hits the country’s exports

Descriptive Statistics and Visualization- myassignmenthelp.com

Question: Discuss about theDescriptive Statistics and Visualization for Audience. Answer: The process of using data visualization is for making general people to understand the significance of the general data that has been collected in the form of visual aids. This visualization is achieved with the help of patterns, data trends and correlations among the data, which will help in exposing the data that has been collected. Recognition of the data is made easier with the help of different data visualization tools. For this blog, the data set taken into concern is the marketing data set of Tullys coffee. The data set consists of data, which is classified in to the categories of profit incurred from the sale of the products, the net sale revenue collected form the products, the total sale cost collected and the cost of goods for the production of the products being sold. The data set also covers the marketing cost spent by the company for the marketing advertisements of the products and the amount of ready goods in the inventory of the company at different location. There is also the discussion of the projected values of the sale, profit, margin cost and the cost of goods for the company. The data has been divided up into regions with the help of area codes and product id. The market size and the regions based on the location of the market has also been divided in to east, west central and south. There is a discussion about 20 states from the United States of America. The products has been class ified into Caffeinated and Decaffeinated and the type of the product that is being produced. Data Elements The following table gives an overview of the data that has been used in the data set. The names of the columns of the data set used has been discussed to provide a brief overview of the data set. FactTable Data type Profit Profit generated measured (in $,000) = Margin - Total Expenses Discrete Numerical Margin Net sales revenue (in $,000) = Sales - Cost of Goods Discrete Numerical Sales Operating revenue (in $,000) earned from selling coffee/tea products Discrete Numerical COGS Cost of Goods (in $,000) that is the direct costs attributable to the production of the goods sold by the company Discrete Numerical Total Expenses Total costsin (in $,000) associated with managing and operatingthe business (COG not included) Discrete Numerical Marketing Marketing costs(in $,000) Discrete Numerical Inventory Total value of products and goods (in $,000) that are ready or for sale. Discrete Numerical Budget Profit Projected profit (in $,000) Discrete Numerical Budget COGS Projected cost of goods (in $,000) Discrete Numerical Budget Margin Projected margin (in $,000) Discrete Numerical Budget Sales Projected sales (in $,000) Discrete Numerical Area Code Codes assigned to areas for the reference of the company. Discrete ID Number Product ID Codes assigned to different products for the reference of the company Discrete ID Number Date Dates for the year 205 and 2016, the first day of each month Date type Location Area Code Codes assigned to areas for the reference of the company Discrete ID Number State States of the United States of America (20 Selected) Location Market Market region (East, West, Central, South) Discrete location Market Size Market size as a factor of population and demand (Major vs. Small) Discrete Data Product Product Type Type of coffee or tea sold (Coffee, Espresso, Tea, Herbal Tea) Discrete Type Product Product sub-category Discrete Type Product Id Codes assigned to different products for the reference of the company Discrete ID Number Type Caffeinated vs. Decaffeinated Discrete Type The Right Fit Based on the data set the major columns, which has been selected for the analysis in the data visualization tool, are: Total Expenses Plotted Against Market And State Profit Plotted Against Market And State Sales Plotted Against Market And State Profit Plotted Against Products Total Expenses Plotted Against Products Budget Cost Of Goods Plotted Against Products Budget Margin Plotted Against Products Budget Profit Plotted Against Products Budget Sales Plotted Against Products Budget Cost Of Goods Plotted Against Locations Budget Margin Of Goods Plotted Against Locations Budget Profit Of Goods Plotted Against Locations Budget Sales Of Goods Plotted Against Locations The above graphs are the ones that has been decided to be plotted on the software. The factors chosen for the graphs help is understanding the revenue collection system of the company by analyzing the cost behind the production of the hoods and the final amount of money collected against the product or the location. Ethics For the use of the data set in the development procedure of the report the ethical and the legal issues of the data set needs to be considered for keeping the data safe for the organization form whom the data has been collected. The law, which helps in keeping the data safe from the hacking and stealing procedure, is the empowerment of the law of Data Protection Act 1998. For the development of the report, the ethical issues, which were considered, are as follows: For the collection of the data, the report the consent had been taken from the participants. The consent was targeted to let them know about the extent that their data is to be shared or viewed by others. It is also important to let the participant know about the extent of the sharing capability of the data set. The participants were made sure that they were completely willing that their data was being shared and used for the analysis in this report. The data, which the participants refrained from sharing during the collection of the data set, was excluded from the analysis of the data set. If the data is made available to be shared on the internet, it is the responsibility of the analyst to make the data anonymous as possible for the participant to have the faith in the ones for keeping the data safe. For the collection of the personal data, it is important for the data to be collected based on the Data Protection Act 1998. Even if personal data has been collected during the data collection, procedures it is important to remove them during the analysis of the data set. Live Dashboard DONE ON THE WEBSITE Story Telling Dashboard 1: The first dashboard produced consists of three graphs depicting the Total Expenses Plotted against Market and State, Profit Plotted against Market and State and Sales Plotted against Market and State. The graphs has been plotted with the help of column chart, line chart and Gantt chart respectively. The colors used are of the same hue but of different composition. This makes them all related to each other but keep themselves apart from the other graphs as well. The first graph of the dashboard, Total Expenses Plotted against Market and State shows the total amount of expenses that is incurred by the company for the production of the different products and to sell them in the respective market area and the respective state market of the country. On an overview, it can be said that the west market produces the maximum amount of expenses from the products. The south market can be said to produce the least amount of expenses for the company as a whole. Looking from the individual state w ise analysis the state of New Hampshire produces the least amount of expenses and California on the other hand produces the highest amount of expenses over the period of two years. The second graph of the dashboard, Profit Plotted against Market and State shows the sum of profit, which is collected by the company from the respective market size and the states of the country. The highest amount of profit is collected form the state of California. This shows that the people of California uses the products of the company more than any other state in the United States of America. The least amount of profit is collected from the state of New Mexico. Almost below the mark of 1000. All other states can be said to help the company collect a generous amount of profit. The third graph of the dashboard is the Sales Plotted against Market and State, which goes on to show the plotting of the total sales collected by the company from the states of the United States of America. The highest sale re cords has been recorded in the state of California. This can be easily concluded based on the amount of profit which the company is able to collect from the location the sales was to shoot his high. The least amount of sales has been recorded in the state of New Hampshire where it still shows hope of going upwards in the future. On an overview, it can be said that the south market has the lowest sale of the products among the four markets. Dashboard 2: The second dashboard created consists of two graphs Profit Plotted Against Products and Total Expenses Plotted Against Products. The first graph has been plotted with the help of a green coloured bar chart and the second graph has been composed with the help of a red coloured heat map. The process of understanding heat map is with the help of the saturation of colour in the boxes on the map. The boxes are sized and stacked according to the values and coloured accordingly. The darkest boxes are colour in this way due to the fact that they have the highest amount of value. The boxes are coloured in a single hue with the variation in the saturation of the colour. The first graph shows the plotting of the profit which has been collected from the sale of the products around the 20 states. The company would analyse this data to understand their strong points in the market. The highest profit gainer is the Columbian coffee. However, the value of the green tea product came as a surprise as t his product can be considered the healthiest of all the drinks with the lowest profit collected over the period of two years. The value is so much low that the value has become negative in nature. The company should analyse their strength in the market with the help of their profit collected from the products being sold. The second graph shows the plotting of the total amount of expenses which the company is putting in in the production of the different products. The darkest of the boxes is of the Columbian coffee and the lightest is of the regular espresso. From the previous graph and this graph it can be said that the company is making the right move in putting in extra effort and making the product of Columbian coffee the best in the market. However the expense behind the product of green tea is high the profit collected is lower than zero. Dashboard 3: The third dashboard which has been created consists of four charts: Budget Cost of Goods Plotted against Products, Budget Margin Plotted against Products, Budget Profit Plotted against Products and Budget Sales Plotted against Products. The charts have been selected to show the forecasting of the company with respect to the products. This means that the company is determining for the future the amount of sale they will be producing for the products they produce. The charts have been designed with the help of column chart, area chart, heat map and Gantt chart. The process of understanding heat map is with the help of the saturation of colour in the boxes on the map. The darkest boxes are colour in this way due to the fact that they have the highest amount of value. The boxes are coloured in a single hue with the variation in the saturation of the colour. From the first chart it can be determined that the Columbian coffee will be the top most priority for the companys future in terms o f making the cost of the product. Alongside this the regular espresso has been found to contribute the least in the prediction for the cost of goods category. For the budget margin chart it can be again seen that that the Columbian coffee has the highest value and the regular espresso with the least value. A similar trend is also seen in the budget profit for the products in case of Columbian coffee. However the least in this case is green tea which is similar to the previously found profit which was the lowest for green tea. Again the previous trend returns in case of the fourth chart od Columbian coffee at the highest and the regular espresso at the lowest pit of the chart in case of plotting of the predicted sales for the products. This similar following of the trend shows that the company has a determined mind set which is to follow the product trend in this chart and make the best profit possible form the market conditions. Dashboard 4: The fourth dashboard consists of the graphs depicting Budget Cost of Goods Plotted against Locations, Budget Margin of Goods Plotted against Locations, Budget Profit of Goods Plotted against Locations and Budget Sales of Goods Plotted against Locations. This dashboard has been developed following a unique rule of plotting the data on a geographic map which makes the visualization interactive in nature. As the states which has been used in the data set is from the United States of America, the dashboard is showing the chart for location of United States of America only. The colouring trend is similar to that of the heat map. A single hue of colour is used in the map sections and the saturation of the colour is based on the values of the locations which is being plotted. For the first chart it can be seen that the state of California has the highest budget for the cost of goods. The location being tropic and a coastal area in nature the goods required for the production of the products require a large amount of investment. Other than that the states in the middle of the country is seen to be having a medium hue suggesting that they have lower amount to be incurred for the cost of goods. In the next chart it can be again seen that the state of California has the highest amount of margin of goods cost for the production line. The lowest can be seen to be in the state of New Mexico. The third chart being a heat map shows the profit of the goods and products on the states to be the highest in Illinois. California closely follows the state of Illinois. Again the lowest producer of the profit margin is the state of New Mexico. The last chart is of a geographic chart which shows the prediction of the sale of the goods and the products in the locations. The darkest of the colour seems to be in California and the lightest in New Mexico. The similar trend in the budget prediction in the countries shows the integrity that is followed in doing a business.

Pressures of Finding Salvation Essay Example

Pressures of Finding Salvation Essay Chandler Hoffman Professor Turley Writing 150 Section 5 25 September 2012 The Pressures of Finding Salvation Langston Hughes’ story â€Å"Salvation† is one that raises many questions about his life and childhood experiences. Hughes patterns this story to portray the pressures that caused his faith to be lost. Hughes sat on the mourners’ bench waiting for God to save him but, due to these pressures, he chose to stand and pretend that he found his salvation. Pressure is the influences of outside sources that convince you to conform. Hughes undoubtedly felt pressured. He felt pressured to find truth. Hughes ironically lost his faith in God because of an extreme environment, high expectations, and an overly passionate caretaker. Churches are places of worship, and that is how Hughes’ church is in a very extreme and loud way. Praises to the Lord were shouted out at every moment and â€Å"Amens† were given in agreement frequently. Hughes states that, â€Å"Suddenly the whole room broke into a sea of shouting†¦Waves of rejoicing swept the place [and] women leaped in the air† to portray the enthusiasm and the energy that was flowing throughout the room (281). We will write a custom essay sample on Pressures of Finding Salvation specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Pressures of Finding Salvation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Pressures of Finding Salvation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Specific words such as, â€Å"suddenly† and â€Å"rejoicing† show the quick emotional reaction of the church congregation. The environment he was in was capable of great pressure and power. The congregation of the church puts strong emotion into every move they make because of their passion and want â€Å"’to bring the young lambs to the fold’†(280). Hughes places this quote in his story to show how the minister sees them and how Hughes feels they are being treated. They are the â€Å"young lambs† and the â€Å"fold† is the church community and congregation. This congregation was a tight group inviting the children unto their â€Å"fold†. The pressure from Hughes’ environment was part of his downfall towards disbelief in Jesus. Hughes was facing positive peer pressure in a negative way. This means he was being pressured into something that was genuinely good, but it was poorly carried out. Expectations are set so high that any twelve-year-old boy is bound to fail. Hughes said, â€Å"My Aunt told me that when you were saved you saw a light, and something happened to you inside! † (280). Hughes uses this background knowledge to show the expectations of his character and the anticipation that is given to him from his Aunt. Hughes’ Aunt was only trying to help for â€Å"[she] spoke of it days ahead† (280), but in such an extreme environment Hughes could only hope for his expectations to be completed. Auntie Reed was even supported in her claim by â€Å"many old people [saying] the same thing† (280). Much of the reason the reader can tell that the setting takes place in a very extreme environment is because of the figurative language Hughes uses to write. He tells of the church and how â€Å"the whole building rocked with prayer and song† (280). When he states that the building â€Å"rocked† he does not mean it literally rocked. He uses this word to describe the power of the sounds in the room. Another phrase that is used to show the realness that the congregation felt is when â€Å"some of [the girls] jumped up and went to Jesus right away† (280). They did not literally go running into Christ’s arms, this figurative language explains that to the congregation Christ was a real being standing close to them. Hughes states this because it causes one to believe that now, more than ever, he is wanting to gain the same feeling that these young girls have received. These girls were not the only ones who gave Hughes false hope. Auntie Reed was clearly a passionate woman, for she â€Å"knelt at [Hughes’] knees and cried†(281) hoping that he too would feel that same passion towards Christ. It can be inferred that she is the primary care giver of Hughes and raises him to her best ability. Their bond can be assumed to be very similar to a mother-son relationship. Common to most children, Hughes does not want to disappoint his caretaker. He explains himself as â€Å"a big boy of twelve years old† (281) and he thought of himself as mature young man. He gives his age in the beginning of the story, as well, to set the tone and inform the reader of the time in his life that he was currently in. Hughes states that â€Å"[his] aunt sobbed†(281) to show the great desire she had from him to feel the spirit of his salvation and of Christ. Auntie Reed is another example of how positive pressure can be formed into a negative way. Auntie Reed’s words, â€Å"‘Langston, why don’t you come? Why don’t you come and be saved? Oh, Lamb of God! Why don’t you come? ’†(281) ring throughout this short story. Her begging words are what drive Hughes to stand up. Children do not want to disappoint the adults in their life. Hughes places the image of Auntie Reed in the reader’s head to give the sense of emotion and tension. Imagery is used a lot by Hughes in this story. One can easily close his or her eyes and envision an enthusiastic Auntie Reed and the actions she was making while waiting for Hughes to start his own move from the mourners’ bench. Hughes uses words â€Å"ashamed,† (281) â€Å"shouting,† (281) and â€Å"ecstatic† (281) to show the emotion that he felt compared to the emotion that Auntie Reed and the congregation felt. Hughes desired to find his salvation just as equally as the congregation desired him to find it. Although lying is a sin, Hughes found a way that let down no one but himself. Hughes expected to feel the light of Christ when he arrived that night because â€Å"Every night for weeks†¦some very hardened sinners had been brought to Christ† (280) and he expected that same experience to grace him. Hughes sets the reader up with this background knowledge to give him or her the same hope that he might find his salvation. When that did not happen, he wept. That night, for the last time in my life but one†¦I cried. I cried, in bed alone, and couldn’t stop. † (281) He wept for the lie he told, he wept for the false hope he gave his Aunt, he wept because he let down himself, and for the fact that he did not see Jesus and therefore did not believe. Although we do not know what church this story takes place in, Hughes has made it a relatable event. Everyone in this wo rld is pressured, whether it is by friends, family, co-workers, teachers, or even parents, pressure is all around. The choice everyone has to make is whether or not to fall into the trap of this pressure. In â€Å"Salvation,† Hughes faces an extreme environment, high expectations, and an overly passionate caretaker which ironically lead to his disbelief in God. Hughes felt he had not seen Jesus, but the church’s community and environment as well as his Auntie Reed quickly pressured him into rising and deceiving the people he cared for most. That pressure that was put on Hughes led to his downfall and his disbelief in God and Jesus Christ. One then starts to wonder, can he have another chance at finding salvation?

5 Ways Bloggers Can Use ReQueue To Save Time On Social Strategy

5 Ways Bloggers Can Use ReQueue To Save Time On Social Strategy Ever spent time sitting at your desk, racking your brain about what to post on Facebook or Instagram for the day? The week? The month? Only to end up sharing something sloppy, rushed, or random to keep your accounts active. It’s true. Finding the motivation to create new posts can be a full-time job. But it’s important to keep your social channels engaging. Because your social strategy keeps your brand top of mind for customers†¦ drives traffic to your blog†¦ promotes your products and services†¦ connects you to your customers and readers†¦ AND helps you drive business ($$$). As a solopreneur or full-time blogger, there isn’t always time to consistently post to your Facebook, Pinterest, Instagram, Twitter, and/or LinkedIn accounts. Cos’ quite frankly you’ve got a lot on your plate (i.e. building your business, caring for your family, showering, personal care, sleep, etc). So, lets eliminate one of them, shall we? Stop stressing out over your social schedule and let ReQueue pick up the slack. With ReQueue’s smarter social automation, you can build a consistent social schedule without dedicating hours of your life to it! Here’s how:👇

Efficiency and Effectiveness in Relation to Pay Systems Essay

Efficiency and Effectiveness in Relation to Pay Systems - Essay Example This essay stresses that a perfect equilibrium is achieved when demand equals supply thus implying that everyone who is willing and able to work is working at that level of pay. If there are more people looking for employment, the pay will go down. This is because employers’ demand more people as wages goes down hence reducing unemployment. Therefore, this theory argues that if the pay is allowed to move up and down, it is an effective signal to the market and it will contribute to economic stability. This paper makes a conclusion that an efficiency wage system gives employers the ability to choose and pick among numerous applicants in order to get the best ones possible. The second factor that prompts managers to adopt efficiency pay system is intention to avoid shirking. Firms may frequently find it difficult to measure the quality and quantity of efforts of a particular worker because the systems of commissions or piece rates may prove impossible and therefore there is a possibility of the employee to do less work than agreed (shirking). As a result, the firm may decide to pay an efficiency wage with an aim of increasing or creating the cost of job loss thereby giving a sting to job firing threat. Threat such as this can be used to avoid moral hazard or shirking. Thirdly, sociological factors have been cited in relation to efficiency wages; these wages may be because of the firm’s traditions. Akerlof and Yellen argue that the firm may have been using this system to enhan ce high morale among employees thus raising productivity.

The Merits of Privatization Research Paper Example | Topics and Well Written Essays - 500 words

The Merits of Privatization - Research Paper Example tes, transcontinental railroad constructed by public and private partnerships during the nineteenth century is one of the earliest examples of privatization in the US. The transcontinental public private partnership is always cited as an example by the people who support privatization. Privatization not only brings efficiency but it also helps in curtailing costs and reduces bureaucracy. (Loulakis, 2003) The recent financial downturn and government bailouts have severely affected the American economy. With the government deficits and costs of borrowing increasing day by day, many leading economists have advocated privatization of government functions which would bring budgetary discipline and would reduce government’s financial burden. Though the consumers are greatly benefited by the reduction in the costs of goods and services due to privatization, the only point which may negatively affect the citizens is accountability. Citizens do not have any control over private companies and cannot punish them, like they can punish the government by not voting for them in state or central elections. Another point of concern with privatization is that private firms operate with only one motive that is profitability, which is secondary in government owned and operated firms. Though, privatization has greatly improved product quality and cost, there are certain services which should not be privatized. Sectors like defense, law enforcement, education and basic healthcare should always be under State control. The future of the country depends a lot on the above mentioned sectors and therefore, the motive of cost cutting, profitability and competition should not come into consideration. However, certain functions like sourcing of certain products can be outsourced. Another reason why these sectors should be under State control is because in case of any adverse events the government must have the capacity and the control to handle the situation quickly and