The Free Market System, Demand And Supply And Allocation...

In this easy there will be an introduce of these topics: the free market system, demand and supply and allocation of resources, and there will be some definition of these topic, also there will be references to support the writing. The final thing is concluding Free market system is when prices and wages are determined by competition between businesses, without government regulation and not leading the market to have monopolies sector. (Eller, E. P. (n.d.)). In a free market system there are competition high.Therefore business will want to produce their goods or services at a lower production cost. For example using non-environmentally friendly methods. In free market system governments have limited role.The government are not keen†¦show more content†¦By this the government can prevent monopolistic sector, so that there would be more competition. (Eller, E. P. (n.d.)). (Griffiths, A., Wall, S. (2011)) The total amount of funds that an individuals want to spend on goods or services over a specific period. (Horner, D., Stoddard, S. (2015)) A particular good or service that a customer will want to purchase at a given price. When the price decreases customer will want to buy more, but when the price increase customer will not willing to consume a large amount. Demand for a good or service are determined by many different factors other than price. For example the price of substitute goods and complementary goods. As the graph illustrate that the price at ï ¿ ¡0.50 there are only 100 quantity demand but if the price decrease toï ¿ ¡0.20 the quantity demand is 400. (Horner, D., Stoddard, S. (2015)) (Anderton, A. (2015)) The total amount of a product that is available in the market to purchase at any specified price. (Horner, D., Stoddard, S. (2015)) A supply graph illustrate that there is a relationship between price and how much a business is willing and able to sell. Supply is the quantity of a product that a supplier is willing and able to supply into the market at a given price and in a given time period. As the price of a product increase the supplier are more willing to supply, however if the price decreases the supplier may not be willing to supply as much as

The Dehumanising Effects of the Computer Revolution

THE DEHUMANISING EFFECTS OF THE COMPUTER REVOLUTION 1.0 The computer revolution Computer evolution had already passed its infancy from its introduction to the wide-reaching utilisation of the society today as the much-heralded ‘personal computer’ or simply PC led the revolutionary process by virtue of its prominence and visibility in the daily existence of humankind,the application of computer goes above and beyond the convenience of storing and displaying data for practical use. Instead it now encompasses the ability to achieve process optimisation and assume a central role in technically everything people do. Driven by the rapid developments in technology, this device acts from giving a specific advice onto performing dreadful tasks for†¦show more content†¦By itself, as Ceruzzi (2003) puts it, the computer revolution had altered the ways we communicate, do business, interact, think, socialise and do as it pose several opportunities while also imposing immense risks. 4.0 The dehumanising effects of computing and computer revolution The critics of the computer revolution recognize the adversities of utilising computers that ranges from personal to communal to societal. 4.1 For the individual At the very least, the computer revolution facilitates accession to pornography, exposure to radiation and effects of violent games. The computer revolution targeted the natural cognitive development of the people through limiting the rate of acceleration. As such, part of life speeds up in the computer revolution to that extent that humans became slow and lumbering creatures (Mander, 1991). The condition had been exacerbated by the mind/body split by consistently allowing the mind to wander at high speed over the cyberspace as their bodies recline and weakened. While these users are reclined in front of the computers, there are large institutions that benefited from the increased speed of transactions. As the users spend more and more time in front of the computers, s/he withdraws from friends and families and that relationships began to wither as these users suddenly stopped in attending social gatherings, skips meeting with friends and associates and avoid contactShow MoreRelatedThe Increasing Application of Scientific Management Principles of Work2011 Words   |  9 Pagesindeed ‘irreversible within a service industry context. The underlying belief that scientific management, or rationalisation= , is able to provide the basis for separating management from the execution of work. ‘The rationalisation of work has the effect of transferring functions of planning, allocation and co-ordination to managers, whilst reinforcing the managerial monopoly of decision-making, motivation and control. Hales (1994). Taylor (1856-1915) has been referred to as the father of ScientificRead MoreIntangible Asset Accounting and Accounting Policy Selection in the Football Industry85391 Words   |  342 Pages[Power, 1990]. The substance of a transaction is represented as it more accurately reflects the economic activities of an organisation. This has been acknowledged in FRS 5, Reporting the Substance of Transactions. It seeks to represent the commercial effect of a transaction with respect to assets and liabilities. The debate over the recognition of intangible assets is said to stem from a lack of consensus on the objectives of financial reporting [Pizzey, 1991]. A matching, historical cost approach

Competitor Analysis- Boeing Free Essays

Competitor Analysis – Product These two companies Boeing and Airbus in the Aviation Industry, there have always been various airframe producers which were competing against each other. Throughout the years, two of them gained the majority of the market share. The American company Boeing has been the market leader for a very long period of time, until Airbus outturned them for the first time in 2002. We will write a custom essay sample on Competitor Analysis- Boeing or any similar topic only for you Order Now In recent years, Airbus has put itself at the top of the aircraft-building world with the A380, the whale of a plane that is the largest passenger jet in the world. In year 2011 Boeing has introduced the 747-8 International, the revamped version of the class 747 it calls the â€Å"Queen of the Skies. † We broke down the numbers in categories, based on size, power, capacity, luxury, availability, and more to compare this two aircraft. By comparing the capacity, Boeing’s 747-8I has a maximum capacity of 467 passengers. The Airbus A380 usually holds around 500 passengers, but has room for as many as 853. The Boeing’s wing span is 224. 6 feet. The A380 spreads out over 261. 7 feet. The 747-8I is more than 250 feet long, the A380 measures 238 feet. In fact, the 747-8I is the world’s longest passenger aircraft. By comparing weight and power, the 737-8I can take off with a weight of 987,000 pounds, and produces 66,500 pounds of thrust, the A380’s maximum takeoff weight is 1,235,000 pounds, and it produces up to 70,000 pounds of thrust. That gives the 747-8I more power per pound. Boeing’s jet can go 11,443 miles in the air, for A380 can only do 9,756 miles. The difference mean the 747-9I can fly New York to Sydney without stopping, but the A380 cannot. Next, comparing the availability, so far, Lufthansa, Cathay Pacific, Korea Air, and a few other airlines have placed orders with Boeing. The A380 has been around longer, and is flown by Air France, Emirates, Qantas, Lufthansa, British Airways, Korea Air, Virgin Atlantic, and more. Because the A380 has been around longer, it’s easier to get on board. About 1st class luxury, First class on a Lufthansa 747-8I includes a personal locker and an especially wide seat that goes fully flat for comfortable sleeping, in the other way Emirate’s A380’s first class includes two lounges, private suites, and a shower spa. For travelers looking for top of the line luxury, there are better choices offered by airlines flying the A380. By comparing the price, Boeing sells the â€Å"Queen of the Skies† for $351. 4 million. A new Airbus A380 is more expensive, at $389. 9 million. The Boeing 747-8I is new and the A380 has been in service for several years, which accounts for some of the differences. Boeing’s jet has a lot going for it, especially the fact that it is the newer aircraft. But for those looking to get in the air today, the Airbus A380 is bigger, more luxurious, and more available. Competitor Analysis – Company Technology Airbus sought to compete with the well-established Boeing in the 1970s through its introduction of advanced technology. For example, the A300 made the most extensive use of composite materials yet seen in an aircraft of that era, and by automating the flight engineer’s functions, was the first large commercial jet to have a two-man flight crew. In the 1980s Airbus was the first to introduce digital fly-by-wire controls into an airliner (the A320). With Airbus now an established competitor to Boeing, both companies use advanced technology to seek performance advantages in their products. For example, the Boeing 787 Dreamliner is the first large airliner to use composites for most of its construction. Currency Boeing’s production costs are mostly in United States dollars, whereas Airbus’ production costs are mostly in euros. When the dollar appreciates against the euro the cost of producing a Boeing aircraft rises relatively to the cost of producing an Airbus aircraft, and conversely when the dollar falls relative to the euro it is an advantage for Boeing. There are also possible currency risks and benefits involved in the way aircraft are sold. Boeing typically prices its aircraft only in dollars, while Airbus, although pricing most aircraft sales in dollars, has been known to be more flexible and has priced some aircraft sales in Asia and the Middle East in multiple currencies. Depending on currency fluctuations between the acceptance of the order and the delivery of the aircraft this can result in an extra profit or extra expense — or, if Airbus has purchased insurance against such fluctuations, an additional cost regardless. Safety Both aircraft manufacturers have good safety records on recently manufactured aircraft. By convention, both companies tend to avoid safety comparisons when selling their aircraft to airlines. Most aircraft dominating the companies’ current sales, the Boeing 737-NG and Airbus A320 families and both companies’ wide-body offerings, have good safety records. Older model aircraft such as the Boeing 727, the original Boeing 737s and 747s, Airbus A300 and Airbus A310, which were respectively first flown during the 1960s, 1970s, and 1980s, have had higher rates of fatal accidents. According to Airbus’ John Leahy, the Boeing 787 Dreamliner battery problems will not cause customers to switch airplane supplier. Also, Boeing has recently re-designed the battery system for the Dreamliner so that it is impossible for it to catch fire. Flight testing is underway, and the 787 should soon return to flight. The world’s safest commercial jetliner is the Boeing 777, with no fatalities. The A380 closely follows, but has made less flight so far, and has only been in service for a recent number of years. Outsourcing Because many of the world’s airlines are wholly or partially government owned, aircraft procurement decisions are often taken according to political criteria in addition to commercial ones. Boeing and Airbus seek to exploit this by subcontracting production of aircraft components or assemblies to manufacturers in countries of strategic importance in order to gain a competitive advantage. For example, Boeing has maintained longstanding relationships with Japanese suppliers including Mitsubishi Heavy Industries and Kawasaki Heavy Industries by which these companies have had increasing involvement on successive Boeing jet programs, a process which has helped Boeing achieve almost total dominance of the Japanese market for commercial jets. Outsourcing was extended on the 787 to the extent that Boeing’s own involvement was reduced to little more than project management, design, assembly and test operation, outsourcing most of the actual manufacturing all around the world. Boeing has since stated that it â€Å"outsourced too much† and that future airplane projects will depend far more on its own engineering and production personnel. Partly because of its origins as a consortium of European companies, Airbus has had fewer opportunities to outsource significant parts of its production beyond its own European plants. However, in 2009 Airbus opened an assembly plant in Tianjin, China for production of its A320 series airliners. How to cite Competitor Analysis- Boeing, Papers