prepare and submit a term paper on Understanding how market equilibrium is maintained is essential for business managers.

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You will prepare and submit a term paper on Understanding how market equilibrium is maintained is essential for business managers. Your paper should be a minimum of 500 words in length. Importance of Market Equilibrium to Business Managers It is an essential move for business managers to get updates of the market trends so that they can make informed decisions on production and supply to the market. Any business manager should have some basic information concerning the rules that control operations in the business world. This paper will identify the skills that can be us to measure determine market equilibrium and the importance of such information to business organization. The paper will also analyze the laws of demand and supply in line with their mutual determinants in the market.

Introduction

Market equilibrium in a free market environment refers to the time when the quantity of goods supplied in the market balances the demand level in the market. An equilibrium market does not encounter the challenges of excess supply as well as excess demand. In an equilibrium market, buyers and sellers have expounded understanding of the prevailing prices of goods and services as well as the quality of goods and services on offer. Clear knowledge of the prevailing market trends expels any attempts by particular sellers to increase their prices above the market value. A good knowledge of how to maintain market equilibrium is essential for most managers when making decision on the quantity of goods top supply to the market. Insight understanding of market equilibrium also assists in decision making on the methods of production to be employed.

Business managers ought to have deep understanding of the laws of demand and the determinants of demand. The law of demand states that demand of a particular commodity increases with increase in quality and decrease in price. Since the sole purpose of every business organization is to increase sales volume and make more profits, business managers have no option a part from operating as per the guidelines of the law of demand. In this regard, business managers need to set their operation to ensure production of high quality products that will pose a good competitive advantage in the market (Rothbard, 2006). Improving quality of goods produced by a business organization, promises good sales volume thereby lifting the profit margins of an organization. Similarly, reducing costs of goods on sale by a business organization attracts more demand for that particular product. When demand for a product increases, it is automatic that the particular product will record high and fast sales thus improving the profits due to that product. Demand also increases with increase in the household income. Tastes of particular products also affect the demand depending on the contemporary buyers’ preference (Rothbard, 2006). For particular products also shifts with changes in the quality and price of the substitute products. In addition, demand for a product varies with changes in price of the complimentary products.

The law of supply and the entire determinants of supply are equally important information for managers in understanding market equilibrium. The law of supply implies that increase in price of commodities in the market attracts more supply of goods and services (Depken, 2006). Similarly, fall in the market price of a certain product negatively affects the supply of the product. Increase in the production cost of particular product leads to reduction in market supply and the inverse is true. Supply of a product in the market also increases when there are many suppliers. The quantity of supply of a certain product also depends upon future expectations on prices. Prediction of future price increase will result in fall in supply of a particular product while fall in price in the future results to upward supply trend (Depken, 2006).

Efficient market theory states that all participants in a market setup will obtain a react towards any information that regards the stock market. The stock market is usually affected by factors like inflation, growth, interests, and taxes. Changes in the stock market affect the supply and demand of goods. Any increase in taxes charged in the stock market leads to increase in the costs of products thereby reducing the rate of demand. Inflation in an economy results to increase in the prices in the stock market and this lowers the rates of demand. Fall in the prices of products in the stock market results into increase in the demand of product the stock market (McDonald, 2002).

Excess supply of a particular product in the market leads to fall in prices of that particular product. The registered fall in the price attracts more demand of that particular product. Sometimes, this kind of situation leads to the fall of equilibrium price far much below the price floor. Fall in supply margins of a certain product leads to increase in price of particular product thereby resulting into decline in demand of that specific product. in case of basic products, fall in supply will attract an upward movement in demand gradient accompanied by high prices that may exceed the price ceiling.

References

Depken, C. (2006).Microeconomics demystified. Sydney: McGraw-Hill Companies Inc.

McDonald, M. (2002).Predict market swings with technical analysis. New York: John Wiley & Sons Inc.

Rothbard, M. (2006).Power and Market. Auburn, Alabama: Ludwig von Misses Institute.

doctors without borders

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I need some assistance with these assignment. doctors without borders Thank you in advance for the help! Having gone through the worst of what could happen to human lives during war and crisis, a select number of doctors from France destined themselves to serve the humanity all over the world, providing people in trouble with help and care. And thus, began the inception of “Doctors without Borders”. Having sown the seeds for this organization in 1971, the organization otherwise called as, “Me’decins sans Frontiers “, spread its roots across several countries and eventually turned to be huge organization, operating in nearly 60 countries over the world. What has made this organization to be a special one is that the voluntary members of the organization act as a team, called as the multi-purpose team, helping out people who are affected by war, natural disasters and other atrocities of the world. Their privatised method of working has allowed them to perform hassle free operations, without the interruption of the government and politics. In addition, they have emancipated themselves under the international humanitarian laws and, because of their service to humanity their voice in public has grown louder every day. As a result, their global presence has vehemently forced the public to become aware of any atrocities happening across the world and protest against them. (Bortolotti 2004)

Currently, with the growing innovations across several fields and the never ending race of nations to achieve supremacy, an organization like “Doctors without Borders” is the need of the hour. Their eccentric leadership has promoted people to join the organization and act selflessly in providing help to communities, even before they could plead for it. They are continuing to be an inspiration to many in this economic centric world of ours.

writing homework on Theory of Knowledge.

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Need help with my writing homework on Theory of Knowledge. Write a 1250 word paper answering; The first example in this regard comes from Plato himself and Cornford (2003) explains Plato’s ideas about the value of knowledge by saying that while knowledge itself is valuable, opinions and beliefs may affect the manner in which knowledge is valued. While it may be entirely possible to give knowledge value through justification that comes from perception or even experimentation, personal opinion or the beliefs may form a stronger basis on which knowledge is valued. In fact, it is entirely possible that personal opinion or belief may decrease the justification of knowledge to the point that it becomes valueless.

For example, a person who holds the firm belief that there is a god may not be convinced through any measure or even evidence that there is no such entity as a god. In essence, such a person may give more value to their belief that there is a god and thus have opinions based on the presence of God rather than to look at the piece of knowledge in an objective manner. There may be no real justification for a person to believe that there actually is a god but simply by having the kind of opinion that supports the idea of god will give them valuable knowledge about the existence of God.

However, in such matters the idea of relativism remains quite strong since what is valued as justifiable knowledge by one individual may not be justifiable to another. Individual justification for knowledge may also be applied to more secular positions such as political opinions and even economic ideologies. In essence, wherever there can be a debate about the facts and even the interpretation of the facts, the value of knowledge may not solely depend on the justification provided for it but can also extend to include the opinions of the person formed by other pieces of knowledge.

This idea was explored in depth by Kvanvig (2003) who suggests that the value of knowledge may not depend completely or even primarily on the scientific and empirical justification for it. This certainly goes against the fundamental idea that factual knowledge is more important than belief itself since the argument presented by the author is that the value of knowledge may be impossible to determine. However, he does present the argument noted by Socrates that in practical terms, knowledge and belief may both be used to serve the purposes of the individual.

Write a 6 pages paper on the ideal court: kenko’s search for meaning.

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Write a 6 pages paper on the ideal court: kenko’s search for meaning. Despite this apparent success at the Imperial Court, he took Buddhist Orders and became a monk at age forty-one, (Carter, Ed, 1989) and left the Court to settle at Mount Hiei. At some later point, he returned to the city, but not too active Court life (Beichman, 2008). Japan at this time was almost constantly in a state of warfare with the Court under threat from warrior factions within Japanese society. The Imperial Court was beginning to fade, the aristocratic order to be replaced by a warrior order, and the conditions in Japan generally were unstable and fluid. Social change was often dramatic and sudden, and similarly to Kamo no Chomei, a century earlier, these changes may have influenced Kenko’s writings (Asia for Educators website, date unknown). Certainly, his descriptions of Court life and the personalities within that are touched by a tone of regret at the loss of such custom and culture. He writes: “A familiarity with orthodox scholarship poetry and prose in Chinese Japanese music and if a man can serve as a model to others in matters of precedent and court ceremony, he is truly impressive.” Yet a great deal of his writing also acknowledges the changes taking place around him, recognize the impermanence of things: “The most precious thing in life is its uncertainty.” Thus the author of the 243 sections which make up the Essays in Idleness cannot be categorized as merely responding to the world around him – rather his work can be approached with the interaction between the writings, the world of the author and the world of the reader in mind. A central focus in many sections of the Essays in Idleness is the admonishment to embrace Buddhist philosophy. But juxtaposed with this is the admiration Kenko expresses for the forms and postures of Court life. In the same section of text, he is able to comment: “It is easy to see why the holy man Soga should have said that worldly fame is unseemly in priests…” and “Ordinary nobles appear most impressive … possess a distinctive elegance.” But he reveals a recognizable universal characteristic of humans when he mentions that: “Persons of lower rank … are apt to wear looks of self-satisfaction and no doubt consider themselves most important, but actually they are quite insignificant.” This pragmatic, realistic approach to the world is quite unique, and Kenko expresses a universal truth about the human tendency to self-involvement and arrogance without appearing to be directly or harshly critical. It is ironic that in his own life, he was a low-ranking court official, of course, but he does redeem himself when he expresses that a hermit “might seem more admirable”, a life path he seems to have selected for some time, at least (all the above from Section 1). He also reveals a yearning for the past – perhaps most directly in these extracts but acknowledging that things are transient, and cannot be everlasting. The traditional, the old, displays a sense of craftsmanship and pride lacking in Kenko’s “modern” times. He calls these “modern fashions more and more debased.