International business

International business Introduction International business refers to the commercial transactions or trade activities that usually take place between two or more countries. Commercial transactions entails a wide range activities that are carried either by the governments of the nations or the private investors who may be conducting business at an international level with other investors in other countries (Rugman brewer 2003, p.105).Advertising We will write a custom essay sample on International business challenges and opportunities specifically for you for only $16.05 $11/page Learn More On a broader context, international business incorporates all business activities that entail crossing national boundaries through transaction of goods, services or exchange of resources between two or more nations. International trade between different countries is always a mutual relationship that is primarily defined by diplomatic relations that exist between the participating countries. Dif ferent countries have different diplomatic relations with other countries and this significantly determines international trade; bad diplomatic relations between two countries or regional countries impairs international trade between the countries. The foreign policies of a given nation also play a significant role in determining the participation of a given nation in international trade (Feenstra 2004, p. 56). The onset of international business was primarily influenced by the increasing globalization which harmonized global relations between various countries; which saw various companies scale their operations to international levels subsequently leading to the rise of multinationals such as coca-cola. Some companies merged with other companies in different countries so as to use the available opportunity to increase their sales at international level (Gabriele 2008, p. 87). International divisions International divisions play a significant role in determining relationship that ex ists among different countries and subsequently affects international business. International divisions are determined by a wide range of factors that are primarily defined by social, political, economic and to some extent geographic factors. The diversity in social and economic factors among different countries plays an important factor in determining the international trade trends between different countries and regional alliances and sometimes affects intercontinental trade (Feenstra 2004, p. 55).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Some of the social factors that that are responsible for international divisions include religion, culture, geographical orientations and governance and economic structures. The international divisions play a significant role in determining the international relationships of a country. The market policies of a given country determine the international trade patterns that the country undertakes (Pressroom 2010, p. 56). Challenges in international business There are a number of challenges that are associated with international business. Some of the challenges that affect the local business also affect the international business at the same capacity. The challenges are dynamic and vary in nature according to the participating countries and the type of goods and services that the countries trade in. A challenge in itself is the way the participating countries establish strategies to approach the global trade challenges. Global markets are faced with various impediments ranging from the structure of the global financial markets to the foreign policies of the participating countries. Cultural, political and institutional diversities and complexities still play a big part in determining international trade patterns as they have been since the onset of international trade. Other upcoming concerns in the international busin ess include the climatic changes, rise of international terrorism and international fraud, just to name a few. One of the challenges that significantly affect international trade is the formulation of the global trade strategies and the execution of the established strategies. The administrators and policy makers who are solely responsible for facilitating international trade always impair the process of global business (Taylor 2007. P. 39). The various policies always have an effect on the patterns of global business and in most scenarios, the stringent policies does not favor the development of international trade. There are a large number of businesses that have the potential of carrying out their business operations on a world wide scale but on a few manage to gain international recognition due to the lack of proper international paradigms that only tend to favor a few international companies. The main challenge is in the global business management; the present global management requires more than just ordinary management in order to make international business run smoothly without any impairments. The current trend however is indicating some improvements with the rise of professionals taking up management positions (Taylor 2007. P. 40). Another challenge that greatly affects the international business is foreign politics. Foreign politics largely defines the way a given countries relates with other countries on an international platform.Advertising We will write a custom essay sample on International business challenges and opportunities specifically for you for only $16.05 $11/page Learn More The present foreign policies that have been adopted by a significant number of countries do not favor the sustainability and growth of international business (Moore Harris 2010, p. 27). The policy makers of international policies put stringent measures such as taxes and rules and regulations that must be followed in order to carry out int ernational business between private investors or the international trade between the participating countries. These stringent rules and measures that are deployed at the borders or during the transit or exchange goods and services between the various countries always tend to impair international trade as they do not provide standardized international paradigms. Political disarray significantly affects the nation’s financial system and this greatly affects international trade (Moore Harris 2010, p. 27). Economic and financial challenges also play a significant part in impairing the sustainability and development of international trade. The organization of resources to initiate international business depends vastly on the variations in the international currency rates, international financial crisis or economic depression among the participating countries and especially the host nation, variations in the oil rates at the global arena, international price variations such as ris ing and subsequent falling off price of various commodities that are known to attract international attention, and the export rules that are associated with the exporting or host country and the import rules that are present on the partnering countries (Oliver 2008, p. 126). All these factors serve as impairment to the development of international trade and its sustainability. A recent blow to international trade is the global recession and economic depression that was witnessed by many countries and particularly the unites states of America and in other European countries; this was accompanied by a major decline in international business activities. Another challenge that international business faces is through the increased cost of conducting international business. Costs that are incurred during international transactions range from the cost of trading the goods or services such as tariffs and quotas to costs that entail direct ownership such as the involvement of foreign personn el in the global trade, taxations and costs due to corruption in the international business system. The above named factors significantly affect the equilibrium of the international market structure; which is not suitable to sustain and facilitate the growth of international business transactions (Moore Harris 2010, p. 30). In order to beat the challenges that are associated with international business, the various countries have to implement several measures and policies that are directed towards the facilitation and improvement of international trade. The participating countries should therefore abide by a given set of norms that that serve to govern the logistics that are associated with international business transactions (Oliver 2008, p. 123).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Key opportunities in international trade International trade greatly relies on the factors that harmonize global relationships between the various countries. The opportunities that facilitate the growth and sustainability of international business can be viewed from a social, economic, physical and infrastructural perspective. All the factors that attempt to harmonize the equilibrium of the global market serve as an opportunity to facilitate the growth and sustainability of international trade (Diamond 1995, p.36). The onset of globalization was a major significant step towards the realization of international trade. Some key issues that facilitated the growth of international trade include the technological advancements that are associated with the information age of the late 20th century. One of the key opportunities that facilitated the onset, and continued sustainability and growth is globalization. Globalization is fully responsible for the interdependence of countries which ul timately resulted to the integration of business transactions on a global level (Moore Harris 2010, p. 35). Globalizations also resulted to integration of people and ideas at an international level and this provides a healthy environment to sustain the growth of international business transactions and cross border trade activities. The integration due globalization is widely evident due to international investments that various multinationals exploited and cross border financial flows. Evidence suggests that globalization has contributed greatly to the rise and growth of international trade (Moore Harris 2010, p. 35). The onset of globalization harmonized cultural differences between the various countries and this presented an opportunity for exchange of resources between different countries (Diamond 1995, p.36). Another opportunity for the sustainability and development of international trade is the technological advancements that have been associated with the rise of information age during the late 20th century (Sawyer Sprinkle 2006, p.27). The technological developments especially the onset of the internet and the World Wide Web provided a great platform to facilitate international business through the use of online platforms; what is commonly being referred to as e-commerce. Online business defies geographical orientations which may pose a barrier to the development of international trade. Technological advances lowered the costs that are associated with transportation, marketing, and communication at the global basis. Advances in technology made it economically feasible for a multinational company to establish the different phases of production at different nations; this greatly promoted the rise of international trade because it scaled the operations of the various international companies on a global basis (Moore Harris 2010, p. 27). The liberalization of the global markets also presented an opportunity for the development if international business. This paved way for the rise of open markets with fewer government restrictions which in turn increased the private sector involvement in international business transactions (Indira Stone 2004, p. 39). Economic liberalization was due to the need for countries to be globally competitive in terms of international trade which in turn facilitated the development of international business between different countries on a global basis. Liberalization of global markets played a significant role in ensuring the flexibility of global financial markets in terms of both trade and capital markets. Liberalization of the market facilitated exports and imports between different countries (Indira Stone 2004, p. 42). Generally other opportunities that facilitated the growth of international trade include the increased privatization, free markets, the development of international financial institutions such as the World Bank and International Monetary Fund (IMF). The development of regional alliance s such as the Common wealth and European Union saw the rise in international trade (Sawyer Sprinkle 2006, p.27). Conclusion International business primarily requires the interaction of different government agencies. This implies that it is mostly affected by the government relations rather than the technological advancements and the onset of globalization. With regard to this, participating countries should establish appropriate policies to govern the foreign relations with other countries. International business is vital for the development of any country through exports and imports which results to foreign income and at the same time facilitating the acquisition of resources that the country lacks (Indira Stone 2004, p. 34). However, care should be taken when balancing the tradeoffs between the imports and exports in order to avoid cases of inflation (Taylor 2007. P. 54). References Alan, M. R Thomas L. B., 2003, The Oxford handbook of international business, London: Oxford Uni versity Press. Diamond, E. D, 1995, Contemporary challenges: American business in a global economy, New York: New York University Press. Feenstra, C. R., 2004, Advanced international trade: theory and evidence, Princeton, NJ: Princeton University Press. Gabriele, G. S., 2008, International business under adversity: a role in corporate responsibility, conflict prevention, and peace, Cheltenham: Edward Elgar Publishing. Indira, C. Stone, P., 2005, International trade law, New York: Routledge. Moore, G., Harris. L., Trade and Technology Policies. P. 27. Web. Oliver F. W., 2008, Peace through Commerce: Responsible Corporate Citizenship and the Ideals of the United Nations Global Compact, Notre Dame, Ind: University of Notre Dame Press. Press room, 2010, Challenges confronting international trade. Web. Sawyer, C. W. Sprinkle, R. L. 2006, International Economics (second Ed), Upper Saddle River, New Jersey: Prentice Hall. Taylor, S., 2007, Major Challenges Confronting the International Trading System. Web.

Final essay Essay Example

Final essay Essay Example Final essay Essay Final essay Essay Although the poems both illustrate the battle against ones impending doom and have certain similarities in their portrayal of mortality, they also display the two different attitudes towards it. First of all, the two poems take the same approach of personifying mortality as a sentient, malevolent being. In Marvels poem, time is described as chasing the couple in a Winged chariot (22) and may devour them with his slow-chapped power (40). The first metaphor is an allusion to the god of the sun, Apollo, emphasizing the speed and inevitability of time as the sun rises ND sets regularly every day. The second metaphor alludes to Crocus, father of Zeus, who ate his children for fear of being overthrown by them. In the speakers eyes, death is an oppressive and brutal enemy. Likewise, Shakespeare describes death as a grim and arrogant being: Nor shall death brag thou wand rest in his shade (11). It is possible that through the personification of death, the writers attempt to make something as abstract as death and mortality more palpable and comprehensible by giving it human qualities. In reality, all lives go through death, a natural occurrence that has o such evil qualities and is not subject to reason. It is perhaps the mysterious nature of death that strikes the most terror into peoples heart. However, through antagonizing death, the speakers fear and resentment of the unknown can be justified. From the use of personification in the two poems, we can catch a glimpse of how the speakers feel about the inevitable mortality. Though the speakers in the two poems possess similar emotions towards death, they however seem to look at the prospect of death quite differently. To His Coy Mistress is filled with horrifying images of the afterlife, such as deserts of vast eternity (24), worms (27), dust (29) and ashes (30). The speaker in the poem sees nothing but barrenness and suffering in death. The last verse gives further insight into how he views death: Rather at once our time devour/ than languish in his slow-chapped power (39-40), and thorough the iron gates of life (44). He resents mortality, and only finds it imprisoning. He has no faith in the future, but does not attempt to escape from mortality because he knows that death is inescapable. : Shakespeare, on the other hand, does not seem to have such a simplistic point of view towards mortality. When declaring that his lovers beauty surpasses the summer days because summers lease hath all too short a date (4), the tone is calm and the word choice is not as negative as the second verse of Marvels poem. In addition, when Shakespeare talks about how everything beautiful declines, he says And every fair from fair sometime declines, / by chance, or natures changing course, untrimmed (7-8). Again, the tone is rather calm, and he acknowledges that mortality is destined by nature. This realization can again be seen in the line Nor lose session of that fair thou stows (10). An interesting ambiguity lies in the word stows, because it can be interpreted as newest or sweet. If the word means owes?, then Shakespeare is acknowledging that the lovers beauty is borrowed from nature and has to be returned. Therefore, although the two speakers in the two poems both admit that mortality is unavoidable, Shakespeare appears more accepting and neutral of the idea whereas the other resents it. Moreover, the speakers in the two poems choose to rebel against mortality in completely different ways. The young man in wry His Coy Mistress takes a more fierce and impulsive approach. He encourages his lover that they should love each other like amorous birds of prey (38), and though they cannot stop time, they will make him run (46). Birds of prey, also known as raptors, are birds that hunt and feed on other animals. The word raptor originates from Latin word rapper, meaning to seize or take by force (Brown). This simile shows that the speaker desperately wants to overpower mortality, to pursue but not to be pursued. By being like amorous birds of prey, the speaker chooses to unleash his passion and annalistic instincts. When death eventually arrives, the couple will have no regrets, for they embrace the short-lividness of life and make the most of it. Instead of enjoying ones youth and bodily pleasures to the fullest like the speaker in Marvels poem, Shakespeare chooses to resist mortality in a more immaterial way. Unlike the speaker in To His Coy Mistress, who seems to focus on savoring his lovers beauty as it is now, Shakespeare takes it a step further and focuses on preserving his lovers beauty for all eternity. He writes, When in eternal lines to Time thou grows/ So long as men can breathe, or eyes can e/ So long lives this, and this gives life to thee (12-14), where he announces that the poem itself shall live on, thus granting the lover immortality. This determination is the most significant difference between the two speakers approaches. When facing the threat of mortality, one defies it with his power as a human, another defies it with the power of literature. One yearns to live his life to the fullest through the indulgence of physical pleasures, another seeks for eternal existence beyond physicality through the creation of art. This, perhaps, gives us insight into how Shakespeare views literature and its rower: even though literature is a human product, it will outlive its creators because it is not confined by human mortality. Generations of people will be able to read the poem, and his lover will live on in these peoples mind. Interestingly, To His Coy Mistress seems to hold different opinions about the immortality of poetry, though it is open to personal interpretation. One can argue that To His Coy Mistress has onomatopoetic implications about the mortality and limitations of poetry. For example, the first verse is about the speakers idealistic fantasy of having an eternity to praise his lovers beauty. He says he by the tide/ Of Hummer would complain (6-7), where complain means writing a love complaint. Love complaints in literature are a formerly popular variety of poem that laments or protests unrequited love (Complaints). He would be willing to write poems about their love if only he had the time. Also, he describes how he would extol the beauty of his lover: An hundred years should go to praise/ Thin eyes and on thy forehead gaze; and the last age should show your heart (13-18). The praise of individual female body parts and exaggeration of time resembles blazon, which is a attic mode wherein the speaker uses metaphor, simile and hyperbole to describe the parts of his or her lovers body (Literary Terms). However, all these statements which seem to point to poetry are deemed unrealistic and absurd by the speaker, because no one will have that much time. It can be interpreted that the speaker does not believe in the immortality of poetry. In the second verse of the poem, where the speaker explains the harsh truth of mortality, he says Thy beauty shall no more be found, nor, in thy marble vault, shall sound/ my echoing song (25-27). My echoing song may be pointing to the love complaint he mentions earlier. Contrary to Shakespearean view, the speaker points out that poetry may not actually be immortal. Poem exists for people to read them. If the subject of the love poem is dead, then the poem can only echo uselessly in the coffin, devoid of meaning. In the second verse, Marvel writes, Thy beauty shall no more be found, And your quaint honor turn to dust, land into ashes all my lust (25-30). Even though the poem still echoes through the air, the subjects beauty and the writer desire that inspired it is long gone. Poetry can be passed on for generations and inspire future people indeed. But it is impossible to make the people involved in it, who are destined by nature to be mortal, immortal. In this sense, poetry is just as mortal as human beings and it too has its limitations. To conclude, the two poems To His Coy Mistress and Shall I Compare Thee to a Summers Day are not only about love, but also about the painful and complicated conflict between humans and mortality. They showcase how humans may feel about their inevitable fate, and the different ways that humans may defy it as well.

Operation Catapult at Mers El Kebir (World War II)

Operation Catapult at Mers El Kebir (World War II) The attack on the French fleet at Mers el Kebir took place on July 3, 1940, during World War II (1939-1945). Events Leading up to the Attack During the closing days of the Battle of France in 1940, and with the German victory all but assured, the British became increasingly worried about the disposition of the French fleet. The fourth largest navy in the world, the ships of the Marine Nationale possessed the potential to alter the naval war and threaten Britains supply lines across the Atlantic. Voicing these concerns to the French government, Prime Minister Winston Churchill was assured by Navy Minister Admiral Franà §ois Darlan that even in defeat, the fleet would be kept from the Germans. Unknown to either side was that Hitler had little interest in taking over the Marine Nationale, only ensuring that its ships were neutralized or interned â€Å"under German or Italian supervision.† This latter phrase was included in Article 8 of the Franco-German armistice. Misinterpreting the language of the document, the British believed that the Germans intended to take control of the French fleet. Based on this and a distrust of Hitler, the British War Cabinet decided on June 24 that any assurances provided under Article 8 should be disregarded. Fleets and Commanders During the Attack British Admiral Sir James Somerville2 battleships, 1 battlecruiser, 2 light cruisers, 1 aircraft carrier, 11 destroyers French Admiral Marcel-Bruno Gensoul2 battleships, 2 battlecruisers, 6 destroyers, 1 seaplane tender Operation Catapult At this point in time, the ships of the Marine Nationale were scattered in various ports. Two battleships, four cruisers, eight destroyers, and numerous smaller vessels were in Britain, while one battleship, four cruisers, and three destroyers were in port at Alexandria, Egypt. The largest concentration was anchored at Mers el Kebir and Oran, Algeria. This force, led by Admiral Marcel-Bruno Gensoul, consisted of the older battleships Bretagne and Provence, the new battlecruisers Dunkerque and Strasbourg, the seaplane tender Commandant Teste, as well as six destroyers. Moving forward with plans to neutralize the French fleet, the Royal Navy began Operation Catapult. This saw the boarding and capture of French ships in British ports on the night of July 3. While the French crews generally did not resist, three were killed on the submarine Surcouf. The bulk of the ships went on to serve with Free French forces later in the war. Of the French crews, the men were given the option to join the Free French or be repatriated across the Channel. With these ships seized, ultimatums were issued to the squadrons at Mers el Kebir and Alexandria. Ultimatum at Mers el Kebir To deal with Gensouls squadron, Churchill dispatched Force H from Gibraltar under the command of Admiral Sir James Somerville. He was instructed issue an ultimatum to Gensoul requesting that the French squadron do one of the following: Join the Royal Navy in continuing the war with GermanySail to a British port with reduced crews to be interned for the durationSail to the West Indies or the United States and remain there for the rest of the warScuttle their ships within six hoursIf Gensoul refused all four options, Somerville was instructed to destroy the French ships to prevent their capture by the Germans. A reluctant participant who did not wish to attack an ally, Somerville approached Mers el Kebir with a force consisting of the battlecruiser HMS Hood, the battleships HMS Valiant and HMS Resolution, the carrier HMS Ark Royal, two light cruisers, and 11 destroyers. On July 3, Somerville sent Captain Cedric Holland of Ark Royal, who spoke fluent French, into Mers el Kebir aboard the destroyer HMS Foxhound to present the terms to Gensoul. Holland was coldly received as Gensoul expected negotiations to be conducted by an officer of equal rank. As result, he sent his flag lieutenant, Bernard Dufay, to meet with Holland. Under orders to present the ultimatum directly to Gensoul, Holland was refused access and ordered to leave the harbor. Boarding a whaleboat for Foxhound, he made a successful dash to the French flagship, Dunkerque, and after additional delays were finally able to meet with the French admiral. Negotiations continued for two hours during which Gensoul ordered his ships to prepare for action. Tensions were further heightened as Ark Royals aircraft began dropping magnetic mines across the harbor channel as talks progressed. A Failure of Communication During the course of the talks, Gensoul shared his orders from Darlan which permitted him to scuttle the fleet or sail for America if a foreign power attempted to claim his ships. In a massive failure of communication, the full text of Somervilles ultimatum was not relayed to Darlan, including the option of sailing for the United States. As talks began to stalemate, Churchill was becoming increasingly impatient in London. Concerned that the French were stalling to allow reinforcements to arrive, he ordered Somerville to settle the matter at once. An Unfortunate Attack Responding to Churchills orders, Somerville radioed Gensoul at 5:26 PM that if one of the British proposals was not accepted within fifteen minutes he would attack. With this message Holland departed. Unwilling to negotiate under threat of enemy fire, Gensoul did not respond. Approaching the harbor, the ships of Force H opened fire at an extreme range approximately thirty minutes later. Despite the approximate similarity between the two forces, the French were not fully prepared for battle and anchored in a narrow harbor. The heavy British guns quickly found their targets with Dunkerque put out of action within four minutes. Bretagne was struck in a magazine and exploded, killing 977 of its crew. When the firing stopped, Bretagne had sunk, while Dunkerque, Provence, and the destroyer Mogador  were damaged and run aground. Only Strasbourg and a few destroyers succeeded in escaping the harbor. Fleeing at flank speed, they were ineffectively attacked by Ark Royals aircraft and briefly pursued by Force H. The French ships were able to reach Toulon the next day. Concerned that the damage to Dunkerque and Provence was minor, British aircraft attacked Mers el Kebir on July 6. In the raid, the patrol boat Terre-Neuve exploded near Dunkerque causing additional damage. Aftermath of Mers el Kebir To the east, Admiral Sir Andrew Cunningham was able to avoid a similar situation with the French ships at Alexandria. In hours of tense talks with Admiral Renà ©-Emile Godfroy, he was able to convince the French to allow their ships to be interned. In the fighting at Mers el Kebir, the French lost 1,297 killed and around 250 wounded, while the British incurred two killed. The attack badly strained Franco-British relations as did an attack on the battleship Richelieu at Dakar later that month. Though Somerville stated we all feel thoroughly ashamed, the attack was a signal to the international community that Britain intended to fight on alone. This was reinforced by its stand during the Battle of Britain later that summer. Dunkerque, Provence, and Mogador received temporary repairs and later sailed for Toulon. The threat of the French fleet ceased to be an issue when its officers scuttled its ships in 1942 to prevent their use by the Germans. Selected Sources HistoryNet: Operation CatapultHMS Hood.org: Operation Catapult

Assignment Example | Topics and Well Written Essays - 500 words - 96

Assignment Example However, the same has left far behind the concept of in-depth learning, leaving majority of students in confused state. As rightly stated by MacGillis (2004), the marketing efforts of various vendors to sell their products for annual test preparation and evaluation are resulting in a ‘digital divide’ between poor and rich students. While billions of dollars from public fund have been invested to enhance the learning skills of all students, it is observed that needy students find it difficult to learn the advanced skills, as they are still trying to cope-up with the computer basics. Software industry leaders, having their own vested interests, highlight the advantages of such advanced learning and testing software, while they try to suppress the criticism related to same. However, major causality in such software drills remains the concepts of constructive learning. Using human brains is much more important than being entirely dependant on computers. Computer programs may provide intelligent information and solution, but using the same requires diligence, on the part of students. Solutions for ending such digital inequity cannot include discontinuing with subject software drills or other ‘compass learning’ programs, while we need to find viable resolution to this man-made divide. MacGillis (2004) has rightly given the example of schools in Howard County, where students use ‘open programs’ instead of closed ones, as offered by such software drills. The open programs help students to be creative and learn through analytical thinking. This can be one of the solutions for this problem. I do agree with the author of this article that the educational administrators may not have closely examined the issue of gender equity, while pushing for information technology-aided learning programs. The following observations need to be noted, in this direction. To help students with getting accustomed to learning through

Stephen Crane The Open Boat Speech or Presentation

Stephen Crane The Open Boat - Speech or Presentation Example The second, third, fourth and fifth paragraph introduces the reader to the cook, oiler, correspondent and captain, the crew members who are the primary and almost only characters of the story. Told objectively by an ominous narrator, it sets out through the innermost thoughts of the characters in relation to their surrounding and their fight for redemption. The beginning of the story gives off the danger the men are in as they are marooned in a dingy for a vessel as they continue to sail the hostile waters hoping that rescuers will find them soon. Even though the situation is such, there is still no sign of uncontrollable panic or trepidation amongst the men though there is that tinge of helplessness as they continue on with a plan to look for a refuge house or a lighthouse or any other boat that will save them. In part III, there remains a sense of brotherhood among them in the darkest of times which none of them was able to articulate. â€Å"They were a captain, an oiler, a cook, and a correspondent, and they were friends, friends in a more curiously iron-bound degree than may be common† (Crane 730). They shared in near-death an intimacy they would have never known in another circumstance. The first sign of infallible hope was a sight of land, described again in vivid colors, â€Å"From a black line it became a line of black and a line of white, trees and sand† (Crane 731).

The Circular Flow Model Research Paper Example | Topics and Well Written Essays - 750 words

The Circular Flow Model - Research Paper Example The role of the household and the private firms differ based on the type of market. The factor market involves buying and selling production factors. The factors of production depend on the market since it decides the disbursement of the income. Each of the components is related to the other component of the circular flow model. The product market mainly deals with the process of buying and selling of the goods and commodities. The households are the major buyers of the product market and this improves the flow of goods and the exchange of money and goods. This, in turn, improves the interaction among the firms, the market, and the households.The interaction between these components is strengthened by the role played by the government and the financial institutions. The government has a direct communication and relationship with the firms and the households. Among the various roles played by the government in the circular flow model, the major operations include tax collection, resource allocation, and supply of goods and services. The first and foremost process is the tax collection. The firms and the households are intended to pay a certain amount to the government. This amount is known as the tax and this is calculated based on their income and the expenditure. The tax forms the major portion of the government’s revenue with which the government manages the payments to the households and firms. The government, in turn, provides the goods and services to the households and firms. This is a two-way process in which the necessary monetary help is rendered by the government. Another important task of the government is to provide the local and state governments with the required resources. The local, state and the federal government depend on the government to accomplish their tasks. The role played by the rest of the world in the market is also equally important. Though the government forms an integral part of the circular flow model, the remaining part relies on other factors. The market situation and condition also decides the flow of money and goods and services.

Describe this pic Essay Example | Topics and Well Written Essays - 500 words

Describe this pic - Essay Example The bottom part of the picture is broader than the top part and this gives the picture the ideal shape. The artist might have done this to give it a strong base for supportive purpose. From the information provided, the picture is the courtesy of Casey Campbell and some of the materials used are ink, watercolour, and charcoal. In essence, the abstract painting has colours and designs that do not resemble the physical objects. With this, the painting becomes harder to comprehend than representational painting. The desires and skills of the artist reveal the environment and time in, which he created the art. The striking styles reveal a lot of creativity. On a personal perceptive, the goal of the artist was to show how the colour, style, and form of the subject changed from time to time. This explains why the picture broadens its colour from one circle to the other. The artists took a lot of time making series of paintings from the same subject but different times of the day. This gives viewers a quick sense of understanding what is going into the artist’s mind (Elger and Uta 22). Typically, everyone seems to see the image in a similar manner. The artist established the need to use directional subjects and words that guide viewers through the description and analysis. The focal point of the picture is the circular figure, with different shapes. As previously mentioned, all circles have a strong base decorated in bold colours. The circles consist of space, line, shape, and light and dark colours arranged in similar designs. They consist of proportion, order, pattern, rhythm, and balance. The artist employed these elements to evoke the feeling of hope and direction to the viewers. From the picture, it is evident that many people recognize the artist’s accuracy and creativity to create the image. The primary purpose of the painting was to portray a captivating image. The picture does not fully evoke feelings or emotions.