The Price Mechanism And Resource Allocation - 1164 Words

Economics is a system that attempts to acquire a balance between the available resources and demands. Currently, three types of economies are recognised in the world; command market, mix market and the free market. Each of these types has different systems. While in the command economy, the central authorities make all the economic decisions, in the free economy, the households and firms are responsible for all economic policies (Sloman and Garratt. 2010, P.17). On the other hand, the mixed economy is a combination of both the command and free market, which means the economic decision are collectively taken by both the government and the market. Essentially, the free market theory states that price acts as a significant signal for both†¦show more content†¦In the diagram, the producers have tried to increase the price to P1. However, at this price the quantity demanded will decrease to Q1 and the quantity supplied will increase to Q2. At this stage, supply will be excess of Q1-Q2. Hence, at the price P1, there will be more supply than demand. In order to eliminate this surplus, the quantity supplied will decrease as the production will be less profitable and this will raise the quantity demanded. Therefore, the process will revert to the equilibrium price Pe (Sloman, 2016, p.18). On the other hand, if customers demand more products, the demand will exceed supply. Consequently, the seller will increase the price, which will result in a shortage. As the diagram illustrates, the suppliers have tried to reduce the price to P2. At this price, the quantity demanded will increase to Q2 and the quantity supplied will fall to Q1. At this stage, demand will be excess of Q2-Q1. Hence, at the price P2, there will be more demand than supply. In order to eliminate this shortage, suppliers will increase their prices and supply more products as the production will be more profitable. Therefore, the quantity demanded will decline and the quantity supplied will rise. The process will proceed until the quantity demanded once again equals the quantity supplied, which means back at Pe (Sloman. 2016, p.18). Furthermore, the price mechanism also has several impacts, such as a change in demand and supply, in the free and competitiveShow MoreRelatedThe Sources of Market Failure Essay 909 Words   |  4 Pagessystem that prevents the most efficient allocation of economic resources. An optimum allocation of resources is said to exist when it is impossible to make on e member of society better off without making at least one member of society worse off by reallocation the resources to produce a different range of goods and services. 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China yDepartment of Electrical and Electronic Engineering, Imperial College London, SW7 2AZ, United Kingdom zSchool of Electrical and Information Engineering, University of Sydney, NSW, 2006, Australia Email: yangyueneu@163.com, shiqiang.wang11@imperialRead MoreThe Free Market System, Demand And Supply And Allocation Of Resources1110 Words   |  5 PagesIn 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.)). 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Mission Statement Customer Oriented Missions - 938 Words

MISSION STATEMENT â€Å"Mission statement is a description of what an organization actually does – what its business is – and why it does it.† Often called the â€Å"credo†, â€Å"philosophy†, â€Å"core values† or â€Å"our aspirations†, organization’s mission is the statement that defines its core purpose or reason for being. It tells who a company is and what it does. According to P. Drucker, often called the father of modern management, a mission is the primary guidance in creating plans, strategies or making daily decisions. It is an important communication tool that conveys information about organization’s products, services, targeted customers, geographic markets, philosophies, values and plans for future growth to all of its stakeholders. In other words, every major reason why company exists must be reflected in its mission, so any employee, supplier, customer or community would understand the driving force behind organization’s operations. 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Lift Every Voice And Sing By James Weldon Johnson Essay Example For Students

Lift Every Voice And Sing By James Weldon Johnson Essay The author of Lift Every Voice and Sing (often called the Negro National Anthem), James Weldon Johnson had a long career as a creative writer, black leader, teacher, lawyer, diplomat, and executive secretary of the National Association for the Advancement of Colored People. Through his writing he protested racial injustice, encouraged black achievement, and added immeasurably to the wealth of American literary art. A native of Jacksonville, Florida, Johnson attended Atlanta University through graduate school. In 1901 he became the first African American admitted to the Florida Bar, but he did not re-main in Florida very long. Forming a creative partnership with his younger brother Rosamond, a writer of popular music, he began to write lyrics. They moved to New York and found fame as the ragtime songwriting team of Cole and Johnson Brothers. and founded a short-lived newspaper called The Daily American. For ten years, he wrote editorials for the New York Age, a prominent African-Ameri can newspaper. He was one of the founders and a charter member of the American Society of Composers, Authors, and Publishers, and he became field secretary for the NAACP in 1916. The song was originally written for schoolchildren at an Abraham Lincoln birthday celebration in 1900. The Creation James Weldon Johnson James E. Ransome (Illustrator) Format: Hardcover, 1st ed., 32pp. ISBN: 0823410692Publisher: Holiday House, Inc. Pub. Date: March 1995Edition Desc: 1st edSongwriter, poet, novelist, journalist, critic, and autobiographer. James Weldon Johnson, much like his contemporary W. E. B. Du Bois, was a man who bridged several historical and literary trends. Born in 1871, during the optimism of the Reconstruction period, in Jacksonville, Florida, Johnson was imbued with an eclectic set of talents. Over the course of his sixty-seven years, Johnson was the first African American admitted to the Florida bar since the end of Reconstruction; the co-composer (with his brother John Rosamond) of Lift Every Voice and Sing, the song that would later become known as the Negro National Anthem; field secretary in the NAACP; journalist; publisher; diplomat; educator; translator; librettist; anthologist; and English professor; in addition to being a well-known poet and novelist and one of the prime movers of the Harlem Renaissance. As the first son of James Johnson and the former Helen Louise Dillet, James Weldon inherited his forebears combination of industrious energy and public-mindedness, as demonstrated by his maternal grandfathers long life in public service in the Bahamas, where he served in the House of Assembly for thirty years. James, Sr., spent many years as the headwaiter of the St. James Hotel in Jacksonville, Florida, where he had moved the family after his sponge fishing and dray businesses were ruined by a hurricane that hit the Bahamas in 1866. James, Jr., was born and educated in Jacksonville, first by his mother, who taught for many years in the public schools, and later by James C. Walter, the well-educated but stern principal of the Stanton School. Graduating at the age of sixteen, Johnson enrolled in Atlanta University, from which be graduated in 1894. After graduation, Johnson, though only twenty-three, returned to the Stanton School to become its principal. In 1895, Johnson founded the Daily American, a newspaper devoted to reporting on issues pertinent to the black community. Though the paper only lasted a year (with Johnson doing most of the work himself for eight of those months) before it succumbed to financial hardship, it addressed racial injustice and, in keeping with Johnsons upbringing, asserted a self-help philosophy that echoed Booker T. Washington. Of the demise of the paper he wrote in his autobiography, Along This Way, The failure of the Daily American was my first taste of defeat in public life. . . . However the effort was not a total failure, for both Washington and his main rival, W. E. B. Du Bois, became aware of Johnson through his journalistic efforts, leading to opportunities in later years. .u4f2a4054049e4c88cceade331cd2ad99 , .u4f2a4054049e4c88cceade331cd2ad99 .postImageUrl , .u4f2a4054049e4c88cceade331cd2ad99 .centered-text-area { min-height: 80px; position: relative; } .u4f2a4054049e4c88cceade331cd2ad99 , .u4f2a4054049e4c88cceade331cd2ad99:hover , .u4f2a4054049e4c88cceade331cd2ad99:visited , .u4f2a4054049e4c88cceade331cd2ad99:active { border:0!important; } .u4f2a4054049e4c88cceade331cd2ad99 .clearfix:after { content: ""; display: table; clear: both; } .u4f2a4054049e4c88cceade331cd2ad99 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4f2a4054049e4c88cceade331cd2ad99:active , .u4f2a4054049e4c88cceade331cd2ad99:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4f2a4054049e4c88cceade331cd2ad99 .centered-text-area { width: 100%; position: relative ; } .u4f2a4054049e4c88cceade331cd2ad99 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4f2a4054049e4c88cceade331cd2ad99 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4f2a4054049e4c88cceade331cd2ad99 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4f2a4054049e4c88cceade331cd2ad99:hover .ctaButton { background-color: #34495E!important; } .u4f2a4054049e4c88cceade331cd2ad99 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4f2a4054049e4c88cceade331cd2ad99 .u4f2a4054049e4c88cceade331cd2ad99-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4f2a4054049e4c88cceade331cd2ad99:after { content: ""; display: block; clear: both; } READ: Walt Disney Yen Financing EssayTurning to the study of law, Johnson studied with a young, white lawyer named Thomas A. Ledwith. But despite the fact that he built up a successful law practice in Jacksonville, Johnson soon tired of the law (his practice had been conducted concurrently with his duties as principal of the Stanton School). When his brother returned to Jacksonville after graduating from the New England Conservatory of Music in 1897, Jamess poems provided the lyrics for Rosamonds early songs. By the end of the decade, both brothers were in New York, providing compositions to Broadway musicals. There they met Bob Cole, whom Johnson described as a man of such imme nse talent that he could write a play, stage it, and play a part. The brothers split their time between Jacksonville and New York for a number of years before settling in New York for good. However, their greatest composition, the one for which they are best known, was written for a Stanton School celebration of Lincolns birthday. Lift Every Voice and Sing was a song that, as Johnson put it, the brothers let pass out of minds, after it had been published. But the song’s importance grew from the students, who remembered it and taught it to other students throughout the South, until some twenty years later it was adopted by the NAACP as the Negro National Hymn. It was this kind of creativity under duress, coupled with his connections in the political sphere, that characterized Johnsons life as an artist and activist. Indeed, between the years 1914 and 1931, his desire to explore the limits of both worlds led him to seek a more thorough synthesis of his public and artistic sensibilities. The study of literature, which Johnson began around 1904 under the tutelage of the critic and novelist Brander Matthews, who was then teaching at Columbia University, caused Johnson to withdraw from the Cole/Johnson partnership to pursue a life as a writer. However, this creative impulse coincided with his decision in 1906 to serve as United States consul to Venezuela, a post that Washingtons political connections with the Roosevelt administration helped to secure. During the three years he held this post, Johnson completed his only novel, The Autobiography of an Ex-Colored Man, which he published anonymously in 1912. Though many read the novel as a sociological document, its true value lies in the manner in which it recasts the tragic mulatto story within the context of Du Boiss metaphor of the veil. The novel sparked renewed interest when Johnson announced in 1927 that he had authored the book as fiction. Indeed, so great was the public propensity to equate the novels hero with Johnson himself that Johnson felt obliged to write his autobiography, which appeared in 1933 under the title Along This Way. He had, by this time, established himself as an important figure in the Harlem Renaissance. From his post as field secretary of the NAACP, Johnson was a witness to the changes taking place in the artistic sphere. As a prominent voice in the literary debates of the day, Johnson undertook the task of editing The Book of American Negro Poetry (1922), The Book of American Negro Spirituals (1925), The Second Book of American Negro Spirituals (1926), and writing his survey of African American cultural contributions to the New York artistic scene in Black Manhattan (1930). His own career as a poet reached its culmination in God’s Trombones, Seven Negro Sermons in Verse, published in 1927. Though not noted for playing the role of polemicist, through each of these literary enterprises Johnson worked to refute biased commentary from white critics while prodding African American writers toward a more ambitious vision of literary endeavor. It was Johnsons great hope that the contributions of younger writers would do for African Americans, what Synge did for the Irish, namely utilizing folk materials to express the racial spirit from within, rather than symbols from without. . . . Hence Johnsons attempt to discredit Negro dialect, a literary convention characterized by misspellings and malapropisms, which in Johnsons view was capable of conveying only pathos or humor. Though writers like Zora Neale Hurston and Sterling A. Brown would challenge this viewpoint, Johnsons point must be understood within the context of his life as a public figure. .udc110644b7000e3ac67ee6495d84e547 , .udc110644b7000e3ac67ee6495d84e547 .postImageUrl , .udc110644b7000e3ac67ee6495d84e547 .centered-text-area { min-height: 80px; position: relative; } .udc110644b7000e3ac67ee6495d84e547 , .udc110644b7000e3ac67ee6495d84e547:hover , .udc110644b7000e3ac67ee6495d84e547:visited , .udc110644b7000e3ac67ee6495d84e547:active { border:0!important; } .udc110644b7000e3ac67ee6495d84e547 .clearfix:after { content: ""; display: table; clear: both; } .udc110644b7000e3ac67ee6495d84e547 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .udc110644b7000e3ac67ee6495d84e547:active , .udc110644b7000e3ac67ee6495d84e547:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .udc110644b7000e3ac67ee6495d84e547 .centered-text-area { width: 100%; position: relative ; } .udc110644b7000e3ac67ee6495d84e547 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .udc110644b7000e3ac67ee6495d84e547 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .udc110644b7000e3ac67ee6495d84e547 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .udc110644b7000e3ac67ee6495d84e547:hover .ctaButton { background-color: #34495E!important; } .udc110644b7000e3ac67ee6495d84e547 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .udc110644b7000e3ac67ee6495d84e547 .udc110644b7000e3ac67ee6495d84e547-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .udc110644b7000e3ac67ee6495d84e547:after { content: ""; display: block; clear: both; } READ: Essay on Online Shopping Is A Daily Habit Of Most EssayWith the arrival of the 1930s, Johnson had seen the NAACP’s membership rolls and political influence increase, though the latter failed to produce tangible legislative and social reform in Washington. Retiring to a life as Professor of Creative Literature and Writing at Fisk University, Johnson lectured widely on the topics of racial advancement and civil rights, while completing Negro Americans, What Now? (1934), a book that argued for the merits of racial integration and cooperation, and his last major verse collection, Saint Peter Relates an Incident: Selected Poems (1934). Though he died in a tragic automobi le accident while vacationing in Maine in June of 1938, Johnson continues to be remembered for his unflappable integrity and his devotion to human service. From The Oxford Companion to African American Literature. Copyright ? Oxford University Press. . It was during his college years that he first became aware of the depth of the racial problem in the United States, and Johnsons experience teaching black schoolchildren in a poor district of rural Georgia during two summers left a deep impression on him. The struggles and aspirations of American blacks form a central theme in the thirty or so poems that Johnson wrote as a student. Poetry Essays

Philippine Culture Essay Example

Philippine Culture Essay The  culture of the  Philippines  reflects the countrys complex history. It is a blend of the  Malayo-Polynesian  and  Hispanic  cultures, with influences from  Indian  and  Chinese. The Philippines was first settled by  Melanesians; today, although few in numbers, they preserve a very traditional way of life and culture. After them, the  Austronesians  or more specifically, Malayo-Polynesians, arrived on the islands. Today the Austronesian culture is very evident in the ethnicity, language, food, dance and almost every aspect of the culture. These Austronesians engaged in trading with China, India, Japan, the  Ryukyu  islands, the Middle East,  Borneo, and other places. As a result, those cultures have also left a mark on Filipino culture. [1]  [2]  [3]  [4]  [5] The Spanish colonized the islands and after more than three centuries of colonization have heavily impacted the culture. The Philippines being governed from both  Mexico  and Spain, had received a fair bit of Hispanic influence. Mexican and Spanish influence can be seen in dance and religion as well as many other aspects of the culture. After being colonized by Spain, the Philippines became a U. S. territory for about 40 years. Influence from the United States is seen in the wide use of the English language, and the modern pop culture. Philippine has a rich heritage of history, tribal culture and religion that gets reflection in its festivals and traditions. The Philippine Festivals are the true representatives of that richness. Almost every city and region have its own local festivals and they like to celebrate it with all grandeur. We will write a custom essay sample on Philippine Culture specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Philippine Culture specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Philippine Culture specifically for you FOR ONLY $16.38 $13.9/page Hire Writer However, the most important of them is the Christmas, but festivities such as Feast of the Black Nzarene, Biniray, Ati-Atihan are a just a few to name. A celebration like Caracol Sa Makati represents love and respect for Mother Nature and its conservation. Sinulog is a grand fiesta of Cebu city whereas; the week long Vigon Town Fiesta is celebrated in the memory of Saint Paul, the Apostle. Almost every month of the year and its every week are marked with a festival full of zeal. Tourist visiting Philippine, any time of the year can enjoy and participate in those festivals. Philippine is also popular for its special Filipino traditions and customs that cover almost every aspect of human life. From greeting each other or to take blessing of our elders they have their own special ways. Mano po, Po, Kamayan (eating with hands), Balikbayan Boxes (coming back home from abroad with gift items) are some of customary practices to name here. The balikbayan tradition is very special for Pilipino people because it represents the bonding, love and affection for the family. Filipino New Year New Year’s Eve is also an occasion celebrated with high spirits. Like Christmas, the tables are filled with different dishes. Families make it a point to place twelve kinds of round fruits on their table. This practice supposedly ushers in good fortune and happiness for the whole year. Many believe that misfortune, misery and bad luck knocks at the door of the families who fail to follow this tradition. All over the world, the arrival of the New Year is welcomed by loud horns, colourful fireworks displays and noisy firecrackers. Nowadays, the creation of silent, colourful, and big pyrotechnics have pushed loud firecrackers to the backseat. Yet, some Filipinos still appreciate the noisy explosives and light them up on twelve midnight every January 1st. Another New Year tradition is placing coins inside the pockets of the shirt or the pants. Filipinos do this to attract money for the whole year. Round objects symbolize prosperity and fortune. Polka dots are a favourite pattern during welcoming the new year. Almost all family members have coins in their pockets or polka dots to have a great year. Filipino Christmas The Philippines is a country known for its rich culture, history and heritage. Through the years, Filipinos have created and passed down important values and traditions to the next generation. These traditions are celebrations, part of the celebration or simple family practices. Filipinos and their families respect traditions, a reason why traditions are still being practiced today. Filipinos are fond of the holidays especially christmas and new year’s day. During these days, spirits are up and excitement can be felt. A few days before christmas, catholics observe the simbang gabi or the nine day novena mass. Families can be seen, with children in tow, even at 4 in the morning, hustling to churches. After the mass, the staple foods bought outside the church are puto and pandesal. These are paired with a cup of coffee or hot chocolate to start the mornings. Families get together during christmas eve. They prepare a special dinner and sit around the table, celebrating the special occasion. An indispensable item on the table during christmas is the queso de bola. Translated, it means a ball of cheese, covered with a red wax and serve it with bread.