Assignment essay and discussion Forum in Sociology Week 10

Assignment and discussion Forum in Sociology Week 10 - Essay Example re many African Americans, Blacks and Hispanics in America who are being discriminated against either based on ‘real or alleged physical characteristics such as skin color, hair texture, eye shape, or other subjectively selected attributes† or â€Å"on the basis of cultural or nationality characteristics† (kendall, p. 255-56). Such groups of people are very often ill-treated and are negated of equal opportunities and are looked down as inferiors. Instances on stratification based on race and ethnicity is visible in almost all aspects of life; the â€Å"color line† that negated African American baseball players of entry into the national team for centuries is the best example for stratification based on race and ethnicity. These sorts of stratification have given rise to the emergence of dominant and subordinate groups in the American society. Prejudice, segregation, discrimination, stereotyping, and ethnocentrisms are the salient features of a society where racial or ethnic bias prevails. When it comes to racism and ethnicity, questions such as whether people sort others based on physical appearance or individual traits come to one’s mind. It is also interesting to note whether everybody classifies people in the same way. The PBS link on sorting people shows that people are classified even based on physical traits such as skin color, finger prints and blood type. Based on these three types of physical traits, people are categorized into American Indians, Asians, Blacks, Hispanic/ Latino, and Whites. The conclusion drawn is that there are many ways to sort people and that â€Å"race is a social idea† the categorization of which is not always â€Å"based on nature, but on our ideas† (Sorting People: Conclusion). One should also notice that there is considerable degree of disparity in income distribution, percentage of poverty and educational attainment among these various races. The US Census Bureau of 2003 shows that the social standings of Africa n Americans and

Five Skills that a Forensic Accountant Needs to Possess Research Paper

Five Skills that a Forensic Accountant Needs to Possess - Research Paper Example The country’s top accredited organization of accountants, AICPA (American Institute of Certified Public Accountants) made a study on what are the top skills for a forensic accountant needs to possess to become effective with his or her job. The respondents of the study were academics and practitioners. a. Analytical and detail oriented Their study revealed that a forensic accountant has to be analytical. Both the academics and practitioners that a forensic accountant must have the analytical proficiency that would provide an invaluable insight to the practitioner in its engagements than the regular auditing and problem solving skills (AICPA a, nd). Frauds are deliberately concealed and uncovering them requires analytical skills and dedication to details in addition to the usual auditing and problem solving skills of accountants. b. Interpretive skills or intuitive investigative skills The ability to interpret data and simplify them were also ranked as the second among accounta nts and academics (AICPA a, nd). They complement the analytical skill of a forensic accountant for this skill allows the practitioner to determine the usefulness of such data. Other respondents called this intuitive investigative skills or the ability to intuitively associate information for it to be useful in any forensic accounting investigation (AICPA a, nd). c. Soft skills/effective oral communicator The ability to communicate effectively was deemed important in the practice of forensic accounting. This is both oral and written communication. This skill is essential for a forensic accountant to possess because the nature of the work requires the practitioner to provide an expert opinion either orally (i.e. giving expert opinion in court of laws, providing consultancy advise to clients) or in a form of a formal written report (AICPA a, nd ). Forensic accounting is such a complex discipline and the ability to simplify information and language that can be easily understood by verif ier of facts or clients is an essential skill. d. Skepticism In the study, some respondents wrote it as â€Å"skepticism† which is essential for an investigative work. This became an important skill of a forensic accountant in cases where the practitioner is tasked to uncover or investigate fraud. e. Ethical Being ethical is ranked as one of the top five skills of a forensic accountant because this skill is â€Å"consistent with the mission of the forensic accountant† (AICPA a, and pg. 11). In plain language, forensic accountants are the antidote to frauds and scams and if they themselves are susceptible to unethical behaviors which they are tasked to investigate and uncover, the general public will be left with nothing to shield them from such undesirable financial practices. In addition to these five skills that a forensic accountant must profess, the practitioner must also have the ability to review large volumes of financial statements and documents. A forensic acc ountant must also be grounded on the various business models that companies use. The practitioner must also be able to prepare and dispense expert reports under a strict timetable (Owojori and Asaolu, 2009).  

Assessing Risk perception and Insurane Knowledge in Accra, Ghana Literature review

Assessing Risk perception and Insurane Knowledge in Accra, Ghana - Literature review Example Conventional policies have been used even though they are not necessary because the crisis in the Ghanaian insurance industry is not as acute as in some African countries. This has made a majority of the people in this city to participate in large scale asset purchasing and other business ventures with the aim of achieving stabilization in their lives and creation of employment (Buatsi, 2002). It has encouraged these individuals to turn towards the acquisition of insurance policies because of the risks involved in the diverse number of businesses that they are involved in despite the fact that the government policies that have been employed have created significant amounts of uncertainty with regards to their effectiveness hence proving the fact that its policies are not farsighted (Chalfin, 2008). One important channel that has come to affect the insurance policies is the currency value and much evidence shows that the depreciation of the currency value over the history of the count ry has tended to discourage individuals from subscribing for different insurance policies. The insurance policies in Ghana have been made in a manner that is relatively predictable and in asystematic way, the methods of advertising to the public by insurance companies has provided the latter with the necessary knowledge to know what type of policies to select for themselves. The key factors in these policies were aimed at being short term interest rates, and exchange rates together with monetary aggregates that could undergo adjustments in a free manner. One reason why many individuals choose to take insurance policies in this city is not necessarily to secure themselves against any potential losses but as a form of investment where they tend to put their spare money into what they consider to be worthwhile investments (Anim-Odame, 2012). Market expectations may also be considered to be a reason why individuals choose to purchase insurance policies because they believe that if anyth ing happens to the property which they have insured, then they will be able to recover it in a short time span from the insurance company. When normal rigidities in the insurance sector occur, changes in normal returns have an effect on the number of people who are interested in insuring themselves and this has over time been reflected in the economic decisions that were real which included investments and consumptions, as individuals opt to undertake lesser risks rather than purchase insurance policies. This has been observed to have an effect on the insurance sector as insurance companies compete to ensure that they attract a larger clientele than their rivals through the offering of insurance packages which are likely to encourage unlikely insurance policy purchasers to do so. While this has been the case in Accra, one of the biggest effects in the market was the global financial crisis which in the past few years has come to challenge the insurance industry of Ghana in three dif ferent ways. These have come to include financial disruptions that are wide spread, broke arbitrage conditions which hinders policy transmission on the yield curve; there is the presence of heightened vulnerability that leads to freezing of the markets, this is because there is the presence of self-fulfilling equillibria that is badly coordinated, and lastly there is severe recession that pushes the

Art in south afric Research Paper Example | Topics and Well Written Essays - 750 words

Art in south afric - Research Paper Example The art show will be followed by a briefing regarding South African art and the country. Objectives The proposed art show is directed to create awareness and learning in regards to other cultures and perspectives from around the globe. The art show is also expected to enhance the understanding of students taking Africa-related classes as well as students who are researching African art and culture. The audience will also be provided a chance to compare contemporary North American art with art from Africa, bringing out the nuances in culture and belief between both societies. Moreover, the briefing regarding South Africa, its art and culture following the art show is expected to enhance the understanding of the audience in regards to how African art has evolved over the ages. Active feedback will be sought from the audience using comment cards that will be provided to each visitor. Changes deemed necessary by the audience will be incorporated to the proposed art show and will be kept in note for future art shows. It is hoped that a successful art show will convince other universities to follow suit. Context The proposed art show is expected to draw in a varied audience composed of students, teachers and members of staff at Indiana State University. Learning about other cultures, their values and norms is increasingly necessary, given the multi-racial outlook of modern society. The art show presents students with a chance to peer beyond their own cultural traditions so that they may breed tolerance for other cultures. Audiences will be handed out small brochures as guides to the art show. These brochures will include information regarding South Africa and regarding the art pieces on display. Community Connections Volunteers from the community will be required to watch over the show to ensure that the art pieces are not vandalized in any form. In addition, volunteers will be required in order to usher the incoming audiences and to manage the entire art gallery dur ing exhibition time. The volunteers will be expected to open up the gallery and shut it down each day that the exhibition proceeds. Before the start of the art show, volunteers will be needed to set up the pieces of art in the art gallery while making sure that no piece gets damaged. In addition, custodians will clean up once the show is over for one day so that the art gallery is in great condition for the next day’s show. Budget The proposed art show will require funding in order to procure South African art from the parent country and from around the globe. The funding will be spent for two major causes – buying the artwork and then transporting the artwork to Indiana State University. The funding could be derived by holding a fund raiser that could appeal to the students as well as other bodies’ faculty and staff and the community. Moreover, the departments for art and history will be requested to release some funds in order to sponsor the art exhibition. Ou treach and Promotion Proper marketing effort needs to be made to drive people to attend the art show. In order to market the cause, posters will be exhibited all across the campus including the cafeterias and common rooms. Moreover, posters will be placed on notice boards around the campus as well as the entrances of all major buildings. In order to take advantage of social networks, a marketing campaign will target various social networking websites such as Facebook, Twitter, My Space etc. The university’

Globalization & Getting a handle Essay Example for Free

Globalization Getting a handle Essay We cannot overstate the effects of the trend of globalization on our thinking, culture and the media. From the television ads and shows, our style of dressing and the way we converse and communicate with each other in our own country and people from overseas. What is this phenom that we call globalization? How does it affect us now and in the future? What are its benefits as well as its drawbacks? This paper will try to put a body, a face if you will, on the globalization trend. II. DEFINITIONS: Globalization refers to† increasing global connectivity, integration and interdependence in the social, economic, technological cultural, political and ecological spheres. † It can also be defined as a â€Å"comprehensive term for the emergence of a global society in which economic, political, environmental and cultural events in one part of the world quickly come to have significance in other parts of the world†. Now basing from the definitions given, it can mean that globalization can come to mean a trend toward the interconnectivity or interdependence on one another even if we are in two different places. This is its basic concept that is to establish more and better lines by which the world can be bought together in ever increasing ways and means. Now for the questions on how this trend affects the media industry, we can just take a look at the Internet. This system is ready at hand to connect different peoples and cultures with the touch of a button, as it can connect us more swiftly rather than the traditional modes of communication. III. THE EFFECTS ON THE FILM, RADIO AND TELEVISION INDUSTRIES: The entertainment industry have focused their energies on the larger overseas markets for the sale and the promotion of their current offerings, movies, radio shows, television shows have already become a staple in some countries that these have seemed to replace the local industries for the share for the slice of the local market in that country. At the core of the entertainment industry-film, music, television-there is a growing dominance of U. S. products. It can be seen in most parts of the world, products such as KFC, McDonalds or Coca- Cola just to name a few of the transnational companies doing business in other nations aside form the local market. These companies shop around other countries that have lower costs for doing business, thus spurring the local employment and talent pool from those countries to adapt their educational and training pools to the needs of the incoming foreign investors. Some companies, for example, America Online and Time Warner merged to form AOL Time, matching AOLs Internet businesses and Times massive holdings in media, entertainment and news concerns. More and more of these companies ten to look overseas to promote their products and services abroad. But while the trend is focusing on global interconnectivity, that in our modern day environment, time and distance are a negligible factor in terms of dispensing media to other parts of the world. According to Professor Kalyani Chadha at the Philip Merill College of Journalism; â€Å"While popular rhetoric suggest that we live in an increasingly interconnected globalized world in which time and space have collapsed and media experiences are increasingly uniform, the reality is often different Media systems in different countries continue to be characterized by significant differences in press and broadcasting laws, business and economic structure, access to technology and to nature of journalistic practices, resulting often in variations in both content and perspective. † In a nutshell, it is saying that what may be true and acceptable in other countries and regions might not be acceptable, even palatable in some others. The difference may stem from the traditional as well as the cultural background in the country itself or in some belief system that this particular society holds. But in the discussion of the trend of globalization, the problem herein lies in the fact that in the march for interconnectivity, some of these traditions might have to give way. IV. EFFECTS ON CULTURE: The Webster’s Third New International Dictionary defines culture as the â€Å"the total pattern of human behavior and its products embodied in speech, action and artifacts and dependent upon man’s capacity for learning and transmitting knowledge to succeeding generations† Thus, cultural globalization can thus be defined as the worldwide cultural standardization. Also, it can refer to the postcolonial culture, cultural pluralism and â€Å"hybridization†, or bringing two or more cultures together to create a new one. In the picture of globalization, we must recognize that the global view will effect the change in the cultural standings of some nations. In the long run of things, we must be resigned to the fact that some of these traditions must give way. Remember that globalization is linked to affecting the global community concept, a â€Å"global village†, if you permit the phrase. ( Marshall McLuhan popularized this belief to highlight his observations that an electronic nervous system ( the media) was rapidly integrating the planet—events in one part of the world could be experienced from other parts in real-time, which is the human experience was like when we lived in small villages). In this â€Å"village†, everybody was with the same beliefs and held to the same traditions, at least most of the time. But in the set up of the globalization concept, those beliefs and traditions sometimes, if not most of the time, have to give way to the establishment of a unified set of beliefs from a strong or stronger source. That is cultural hegemony, wherein the stronger or predominant influence will produce ways of thinking and seeing, and especially eliminating alternative views to reinforce the status quo, meaning the status quo of the more predominant influence. Some people fear a loss of cultural diversity as U. S. companies become dominant. Such companies tend to â€Å"bundle† their products, meaning they ship their products in wholesale form. Movies, television shows audio products all come into the local market and compete with the local industry, thus competing for the attention of that market. These tend to replace local alternatives. This would explain in part the prevalence of the media especially the visual media to promote their advertisements in other countries without thinking of the sensibilities that the ad might be offending. Video games and television games flash ever more violent images that seem to engross kids from many nations that were not ready to absorb these kinds of media. All day long, hey would sit in front of the television and just either stare at the monitor watching these violent shows and absorb the values of the characters of the shows’ characters or sit endlessly at video games and get in to the violence that these game icons display. Local culture and social culture are now shaped by large and powerful commercial interests that earlier anthropologists could not have imagined. Early anthropologists thought of societies and their cultures as fully independent systems. But today, many nations are multicultural societies, composed of numerous subcultures. These subcultures are present and very visible to us, in the forms of food, clothes and even in the places that we often frequent. Rarely do we don’t see that in any of the places that we go, there is not one member of these subcultures that we don’t come across. And we tend to borrow these things, if you will, in the way that we prepare our food, the way we buy our clothes and shoes and other accessories, in our choice of products that seem to satisfy our craving to be what the television stars portray on camera. The values that seem to be displayed out there want to look like them, that we can somehow imitate the way they look to be what these companies want us to believe to be acceptable. People are therefore more biased in the products that they purchase or services that they get for themselves so the image that is bought in to them are to look like the people they see. The transnational companies can manipulate the way that people think of themselves also by making us think that standards have to be met in order for us to be acceptable, or part of what is acceptable in the eyes of the global society as a whole. In short, they dictate what constitutes the â€Å"good life†. For example, if you don’t have a certain kind of piece of clothing such a shirt or pair of sneakers, you’re supposed to feel left out of the loop. Or, in the case that you still wear a shirt that is not in fashion, and this is still dictated by the multinational companies abroad, you’re still going to be left out. Or if you don’t drive a certain brand of car or model of that car, it’s an antique they’ll say. In many instances, this trend of cultural globalization tends to make us want these companies say that we have to be to be happy. From whatever the products or producers say, is what we have been conditioned to think, that these are the keys to be living it up. It is argued that one of the consequences of globalization will be the end of cultural diversity, and the triumph of uni-polar culture serving the needs of transnational corporations. Hence, the world drinks Coca-Cola, watches American movies and eats American junk food.

Perfect Competition And Its Characteristics Economics Essay

Perfect Competition And Its Characteristics Economics Essay Firstly, below there I will discuss about the chapter of monopoly, its definition, characteristics and its diagram. Monopoly have separated to four terms it is included one seller and large number of buyers, no close substitute, restriction of entry of new firms and the last is advertising. Monopoly has differentiated into two types of monopoly; it is included of natural monopoly and government-created monopoly. Natural monopoly means that one firm can provide the lowest cost compared to the other two or more firms that could not provide. Government create monopolies is to avoid firms that they want to entrance into a market. In my conclusion, it can let me deeply understanding and learning about what is monopoly. Monopolist is the price marker it is the only seller or producer in the market so that it has the own right and power to contain the price. I will be discussing perfect competition, monopolist competition, oligopoly and the last of monopoly and those of it characteristics in the market. What are the standard to be in those of the perfect and monopolist competition even through oligopoly and monopoly in the market? In my conclusion, I can deeply understand and learned about the fourth of containing perfect competition, monopolist competition, oligopoly and monopoly. Above on, those of the classes also have their own characteristics in the market. Content Page 1.0 Introduction Question 1 1.1 Answer Question 1 1.2 Monopoly and its characteristics 1.3 One seller and large number of buyers 1.4 No close substitution 1.5 Restriction of entry of new firms 1.6 Monopoly Diagram 1.7 Conclusion Question 1 2.0 Introduction Question 2 2.1 Answer Question 2 2.2 Perfect Competition and its characteristics 2.3 Large number of buyers and sellers 2.4 Homogenous or standardized product 2.5 Free of entry and exit 2.6 Role of non-price competition 2.7 Perfect knowledge of the market 2.8 Absence of transport cost 2.9 Monopolist Competition and its characteristics 2.10 Large number of seller and buyers 2.11 Product differentiation 2.12 Easy entry and exit 2.13 Non-price competition 2.14 Selling cost 2.15 Oligopoly and its characteristics 2.16 Few numbers of firms 2.17 Homogenous or differentiated product 2.18 Barriers to entry 2.19 Monopoly and its characteristics 2.20 One seller and large number of buyers 2.21 No close substitute 2.22 Restriction of entry of new firms 2.23 Conclusion Question 2 3.0 References 4.0 Appendices 1.0 Introduction Question 1 Firstly, below there I will discuss about the chapter of monopoly, its definition, characteristics and its diagram. Monopoly have separated to four terms it is included one seller and large number of buyers, no close substitute, restriction of entry of new firms and the last is advertising. Finally, Monopoly has differentiated into two types of monopoly; it is included of natural monopoly and government-created monopoly. Answer Question 1 Monopoly and its characteristics Monopoly is refers to a small firm or is the only producer and seller of a good that has no close substitute. Below here we will start to discuss about the monopoly characteristics. 1.3 One seller and large number of buyers Monopoly appearance or survive in the market when there is only seller of a product. Monopoly industry only firm in the business line to selling a product which has no similar substitute. So normally there is no discrepancy between a firm and an industry in monopoly because there is only one seller in the market. 1.4 No close substitute Monopoly industry would sell a goods or product which has no similar substitute. It means that consumers or buyers could not find any similar substitute for the product in the market. 1.5 Restriction of entry of new firms In a monopoly market, there are rigorous obstacles to the entrance of a new industry or a firm. Obstacles have entrance are physical and legal restraints that stint the entrance of new firms into the industry. A monopolist confronts no emulation because of obstacles of entrance. 1.6 Monopoly Diagram F:Sem3Micro assignmentmonopolyprofits1.gif Above on is the diagram of monopoly and I will explain about it below here. The profit maximizing output may be sold at Price P1 above the average cost AC at output Q1. The industry is producing unusual monopoly profits display by the yellow shaded area. The area of below ATC1 that displays the total cost of producing output Qm. Total cost amounts average overall cost multiplied by the output. 1.7 Conclusion Question 1 In my conclusion, it can let me deeply understanding and learning about what is monopoly. Monopoly in the market that is the only seller and has large number of buyers and selling the products that has no similar substitute and have a higher entrance and exit obstacle. Monopolist is the price marker it is the only seller or producer in the market so that it has the own right and power to contain the price. 2.0 Introduction Question 2 I will be discussing perfect competition, monopolist competition, oligopoly and the last of monopoly and those of it characteristics in the market. What are the standard to be in those of the perfect and monopolist competition even through oligopoly and monopoly in the market? I will also discussing those of its characteristics function and effect in the market. 2.1 Answer Question 2 2.2 Perfect Competition and its characteristics Perfect competition is referring to the market in which there are many buyers and sellers, the products are homogeneous and the sellers may readily join and leave from the market. 2.3 Large number of buyers and sellers The amount of a single seller sells in a market is so tiny emulated to the integrated industry. For examples, in an agricultural industry, there are thousands of duck producers in Thailand. Each industry producers have exclusive that containing a tiny of fraction of the overall agricultural firm. Even the industry increases its production; it also does not influence much on the entire firm, so that no one industry or seller can affect the price of the product in the market. 2.4 Homogenous or standardized product The consumers do not distinguish the products of one seller to another seller. For examples, the consumers cannot distinguish the duck sold in the industry A and industry B, so the industry cannot change distinct prices for the equally product in the market. 2.5 Free of entry and exit There is no restraint on enter into a new firms to the industry or leave the firms form the industry. For example, every industry who expect to open up a boutique can manipulate the business if he/ she has the essential elements of the production as the currently industry. Even if any industry worries about deficits it can exit the firm without any rules or restraints. 2.6 Role of non-price competition Selling cost are the expenses for expend to raise the sale of a product or raise the requirement for that product. For examples, we will not see any commercial in the mass media that broadcast about duck or floras specifically without any brand. 2.7 Perfect knowledge of the market Sellers and buyers also need to know the price of charged by others sellers in the market. For example, Phil has all of the information needed to grow Aloe vela. This is the similar information possessed by Becky, Dan, Alicia, and the other great number of aloe vela producers. Phil also knows that the going price of aloe vela is 50 cents. All of the aloe vela buyers know that the going price is fifty cents. 2.8 Absence of transport cost In perfect competition it is supposed that many companies task so occlude to each other that there are no any transport costs. 2.9 Monopolist Competition and its characteristics Monopolist competition is a market construction in which there are major numbers of small sellers betray distinguish products but there are occlude substitute products and it is liable join and leave from the market. Below here I would like to share about monopolist competition characteristics, and its have separate to five terms of specific. 2.10 Large number of seller and buyers In the monopolist competition market there are the major number of industries are retaining. For examples, by the shampoo firms, the prices for a 500ml shampoo scope among brands have included Sunsilk, Pantene, Loreal Professionals and other well industries. 2.11 Product differentiation Product differentiation it means the products of the firm is selling or producing that are deeply not similar. For example, if the foods are sold in open skin, then the fruits are in perfect competition market. But if the same fruits are packaged in a box and labeled as Health fruits, then this product is in monopolistic competition. 2.12 Easy entry and exit Any new industry that would join in an industry must find certain discrimination with the existing brands. For example, if Sunsilk shampoo wants to join into the shampoo firm, this industry must find certain distinct in terminology of diathesis, smell, model or labeling in order to be monopolistic competition. 2.13 Non-price competition Classes of non-price competition fulfills in monopolist competition market are included commercials, promotion, rebates, free gifts, after sales services and many others. For example, the opponent industries contend with each other through commercial by which they alter the buyers wants for their products and fascinate more buyers. 2.14 Selling cost Selling cost can be referring to expenses produce to fascinate buyers towards a special brand. For example, by these ways, the industry attempts to make a beneficial divert in requirement for the product and attempts to capture the market. 2.15 Oligopoly and its characteristics Oligopoly is a market construction in which there are exclusive a few industries selling either demarcated or distinguished products and it limits the entrance into the exit from the market. Oligopoly has a few of the characteristics and it will be discussed below the following. 2.16 Few numbers of firms Inside oligopoly the number of industries is small but size of the industries is large. For example, is premeditating oligopolistic if the top five industries produce half the firms overall yield. 2.17 Homogenous or differentiated product A product sold below oligopoly can be probably a homogeneous or a distinct product. For example, computer or household products implements produced by one firm are similar to another firm. Same as the petroleum sold by Malaysia is unanimous to the petroleum by Middle East countries like Iran, Saudi Arabia and Kuwait. 2.18 Barriers to entry These unusual characteristics also provide assists in distinguishing an oligopolistic market from a monopolistic market, if a new industry be able to join in a monopolistic market and decrease advantage of the large industry. For examples, as a new industry attempt the imaginary telecommunications market deliberated earlier it will have to contend against already subsisting brand names, install a creating unit without certain initial sales or revenue from the business and it will need to come over with innovative production skills to support it in the long run. 2.19 Monopoly and its characteristics Monopoly is refers to a small firm or is the only producer and seller of a good that has no close substitute. 2.20 One seller and large number of buyers Monopoly industry only firm in the business line to selling a product which has no similar substitute. So normally there is no discrepancy between a firm and an industry in monopoly because there is only one seller in the market. Monopolist is a price marker means that there is only a seller and producer and it has the own right and powerful to control over the price in the market. 2.21 No close substitute It means that consumers or buyers could not find any similar substitute for the product in the market. For examples, Indah water it is the only seller of provided consumers or buyers for their water resources in the daily life and it is no similar substitute in the market. 2.22 Restriction of entry of new firms In a monopoly market, there are rigorous obstacles to the entrance of a new industry or a firm. Obstacles have entrance are physical and legal restraints that stint the entrance of new firms into the industry. A monopolist confronts no emulation because of obstacles of entrance. Perfect competition and monopolist competition are distinct to each other in that they depict deeply distinct markets scripts that relate distinct in prices, standard of emulation, number of market players, and classes of products sold. The definition of monopoly is one firm in the marketplace selling a special product. An oligopoly is a small body of an industry includes the market for a unusual product. In the fact, there can be several, or especially many smaller contestants to a monopoly or an oligopoly, but monopolist or oligopoly also contains the extensive share of the market. For example, criterion oil duplicity drove new participants out of the market before its break up. 2.23 Conclusion Question 2 In my conclusion, I can deeply understand and learned about the fourth of containing perfect competition, monopolist competition, oligopoly and monopoly. Above on, those of the classes also have their own characteristics in the market.

Collegiate Sports Essay -- NCAA

Weston (2006) provided a more focused approach in describing the value of foreign signings in collegiate competition. However, instead of focusing on the financial gains associated with sustained success in division 1 competition, Weston discussed the benefits of international recruitment to collegiate sports as a whole to promote globalization and integration in collegiate sports. The term international student-athletes was used by Weston in referring to any foreign born student recruited by a university to play a specific sport in exchange for a college scholarship. In order to gauge the benefits of international recruitment, Weston asserts that a review of pertinent factors must be made. Factors stated by by Weston in her study includes the current standards of the NCAA, the effects of these signings to the educational opportunities and playing environment for local student-athletes and the American perception of internationalization of college sports (Weston, 2006). The primary benefit of international recruitment is the improvement of an already celebrated phenomenon in the United States. Globalization in collegiate sports through migration and movement of foreign athletes is generally beneficial for all institutions (Weston, 2006). The presence of these international athletes provide diversity that enriches the whole educational and sporting experience in inter-collegiate sports, fostering a sense of brotherhood, international relations, and cultural integration that Weston believes would improve the political and social awareness of students that are not only limited in the realm of sports competition. The increased number of available talent increases the quality of competition, resulting into the improvement of the sp... ...es present for local students to have success in their respective sports. Abbey-Pinegar asserted that the enforcement of discernible rules and regulations would help improve and standardized the system of international recruitment, allowing more schools to experience its benefits rather then only a few. Abbey-Pinegar concluded that international signings of foreign student-athletes would continue for the desire of many schools is to create a winning team for the success of their sports programs. Creating policies and standards that enforce regulation and standardization of international recruitment can help create a level playing field for schools in the different NCAA divisions. Furthermore, the creation of such regulations can help alter the focus of many towards the benefits that international recruitment brings to the students rather than the institution.