Free

Free Market Essay According to the Investopedia, ‘a free market system is a market economy based on supply and demand with little or no government control. It is a completely free market in which buyers and sellers are allowed to transact freely based on a mutual agreement on price without Government intervention in the form of taxes, subsidies or regulation’. Therefore, the free market system is good for Belize. Belize positively benefits from this system because it ensures competitive markets, the consumers are part of the decision making process, and the supply and demand create competition. The free market system is good for Belize because it ensures competitive markets. There is a need for competitive markets so that we have the survival of the fittest. We need to have the best businesses so that we have more chances of developing as an economy. The fittest businesses bring better opportunities for the society since they will have better quality and service. Also by having competition, it brings about many benefits to the consumer. This may be seen for example in the case of Digicel and Smart, whereby there competitiveness is so high that they give so many advantages to their customers through their regular promotions. In addition, by having the best businesses we have better chances to survive as an international business. Consumers voices are heard in that their decisions determine what products or services are in demand. This is another advantage of Belize having a free market system. In all reality, the consumers are the ones to decide which business stays and which go. The consumers know what they want and need, it is from this that they decide what to buy and consume. For example, most people from Orange Walk would prefer tacos over burritos. This is clearly seen by the increasing numbers of tacos vendors and a small if any number of burrito vendors. If a burrito stand would open, it is probable that it would not have enough demand so hence it would shutdown. Supply and demand create competition, which helps ensure that the best goods or services are provided to consumers at a lower price. This will lead the businesses to having better quality and service and by having this the business itself becomes an overall better business. This benefits the society because they are receiving better goods and services and at a lower price. An example would be the fruits and vegetables sold at the market. Different stalls at the market may have different prices, so the consumer may have the option to buy the one with the lowest price or the one with the best quality. If the good is bought based on the lowest price then the other stalls will need to lower their price as well because if they don’t then they might not sell their goods. In an article by Chris Seabury, he states that in the United States those who want the removal of government intervention say the free market would force the businesses to protect the consumer. This in turn would provide the customers with quality goods and services at low price. Also he stated that there are several disadvantages to having government intervention. Government intervention can create a huge government bureaucracy, it can create huge monopolies, and it can compress innovation by over-regulating. Firstly, government regulation creates a huge government bureaucracy that stifles growth. In USA many labor and environmental regulations force businesses to move jobs off shore, where they can find more reasonable regulations. Secondly, government intervention creates huge monopolies. This will lead us, the customers, to having to pay higher prices for goods and services. For example, ATT functioned as a regulated national monopoly in the 1980s and provided consumers with high telephone rates. Thirdly, regulation by the government compresses innovation by over-regulating. When there are too many regulations, the business will be at a disadvantage in its country. For example, in USA the coal industry has so many regulations that it is more profitable to ship coal overseas than to sell it domestically. Overall, the free market system is good for Belize because it creates opportunities for the economy and benefits the consumers in many ways. The free market system is not perfect but it has many advantages that may lead the country on the path to development. The free market system creates benefits such as ensuring competitive markets, making the consumers part of the decision making process, and supply and demand creating competition. All in all, the government becomes inefficient when it creates bureaucracy that increases the cost of doing business for everyone.

Highwaymen of the Superhighway Essay -- Media

The internet is an unregulated and chaotic environment that is only loosely governed by social norms that have been established by the more well-respected users leading the rest over many years. The anonymity of these billions of users allows them to break these rules and conventions with little risk of negative consequence. One of the biggest problems that stems from this is the pirating of media. Internet pirates will make media such as movies, television shows, and music available on websites such as The Pirate Bay, where users can download this content this free. This system takes money away from creators and designers and gives it to the advertisers on pirating websites. There are two reasons that people pirate media: either the content they want is too expensive, or more likely, the content they want is unavailable or too hard to obtain. Often pirating is not a malicious act, but simply an easy way for users to gain access to things that Hollywood has made difficult to acquire. An example of this being the popular HBO series, â€Å"Game of Thrones.† For a long time, fans of this show were unable to buy the show’s first season because it was not on popular paid services including Netflix, iTunes, and Amazon. However, the first season was available to be downloaded for free on multiple pirating websites. Situations like this have created millions of pirates, accounting for billions of illegal downloads a day in music alone (a monstrous 95% of music downloads) (Swash). The problem of pirating is global and the government fears the intervention of foreign websites with malicious intent. The interconnected design of the internet puts all users at risk, even those who do not pirate. Many internet pirates justify their actions with ... ...ir own. With a system like the IDA, the internet can be made into a much safer place for everyone and calm the worries of the media industry. Hopefully the government will be able to regain the trust of the public and pass appropriate legislation that targets the true criminals.  Works Cited Newman, Jared. "SOPA and PIPA: Just the Facts." PCWorld. PCWorld, n.d. Web. 20 May 2012. Null, Christopher. "The 50 Most Important People on the Web." PCWorld. PCWorld, 5 Mar. 2007. Web. 21 May 2012. Potter, Ned. â€Å"SOPA Blackout: Wikipedia, Google, Wired Protest ‘Internet Censorship’† ABC News. ABC News, 18 Jan. 2012. Web. 20 May 2012. "Solutions For Government And The Public Sector." IBM Internet Security Systems. IMB., n.d. Web. 21 May. 2012. Swash, Rosie. "Online piracy: 95% of music downloads are illegal." The Guardian. The Guardian, 16 Jan. 2009. Web. 20 May 2012. Highwaymen of the Superhighway Essay -- Media The internet is an unregulated and chaotic environment that is only loosely governed by social norms that have been established by the more well-respected users leading the rest over many years. The anonymity of these billions of users allows them to break these rules and conventions with little risk of negative consequence. One of the biggest problems that stems from this is the pirating of media. Internet pirates will make media such as movies, television shows, and music available on websites such as The Pirate Bay, where users can download this content this free. This system takes money away from creators and designers and gives it to the advertisers on pirating websites. There are two reasons that people pirate media: either the content they want is too expensive, or more likely, the content they want is unavailable or too hard to obtain. Often pirating is not a malicious act, but simply an easy way for users to gain access to things that Hollywood has made difficult to acquire. An example of this being the popular HBO series, â€Å"Game of Thrones.† For a long time, fans of this show were unable to buy the show’s first season because it was not on popular paid services including Netflix, iTunes, and Amazon. However, the first season was available to be downloaded for free on multiple pirating websites. Situations like this have created millions of pirates, accounting for billions of illegal downloads a day in music alone (a monstrous 95% of music downloads) (Swash). The problem of pirating is global and the government fears the intervention of foreign websites with malicious intent. The interconnected design of the internet puts all users at risk, even those who do not pirate. Many internet pirates justify their actions with ... ...ir own. With a system like the IDA, the internet can be made into a much safer place for everyone and calm the worries of the media industry. Hopefully the government will be able to regain the trust of the public and pass appropriate legislation that targets the true criminals.  Works Cited Newman, Jared. "SOPA and PIPA: Just the Facts." PCWorld. PCWorld, n.d. Web. 20 May 2012. Null, Christopher. "The 50 Most Important People on the Web." PCWorld. PCWorld, 5 Mar. 2007. Web. 21 May 2012. Potter, Ned. â€Å"SOPA Blackout: Wikipedia, Google, Wired Protest ‘Internet Censorship’† ABC News. ABC News, 18 Jan. 2012. Web. 20 May 2012. "Solutions For Government And The Public Sector." IBM Internet Security Systems. IMB., n.d. Web. 21 May. 2012. Swash, Rosie. "Online piracy: 95% of music downloads are illegal." The Guardian. The Guardian, 16 Jan. 2009. Web. 20 May 2012.

Impact of Promotional Methods

From the scenarios, Erica and Chris have determined their weaknesses after performing a SWOT analysis. However, they have yet to identify opportunities for their business. Determine two potential opportunities specific to their restaurant’s business environment, and discuss how the partners can take advantage of these opportunities. Discuss a situation where you were influenced by an infomercial, attractive packaging, and a discount flyer to purchase a product, and explain why you think the promotional method made such an impact on you.I believe one of their potential opportunities is proximity to their ideal client base. They could pass out menus for catering, dining or even take out menus to cater to some of the businesses as well if they do cater maybe even a limited type delivery service to some of the companies as well this would not only separate them from their competition considering they would be the only restaurant to offer all of the services. I believe the second i s marketing there food what better way than take ala cart to these local businesses and having people try some samples while passing out menus and creating lunch specials for these business people.I believe this separates you from any other business in the area. I believe this with all fresh ingredients can do nothing but help your business and make a good name for yourself especially being new you have to go out and get your customers just not expect them to come go get them . I think these are all very good ideas for their restaurant very good ways to bring people in the front door if think they are all very good ideas. Good job!Me myself I really can’t think of something I have actually bought but have thought about some products. Usually its tools something new and unique plus a lifetime guarantee doesn’t hurt tools they wear out and break doesn’t matter the brand and I have realized if it’s too good to be true it probably it is. I usually don’ t fall for those as seen on TV things seem way to fake for me or I wait to see if I know someone else that gets it to see how it works.Advantages of accrual basis accounting1. Incorporates expenses and revenue at the same time 2. More accurate financial statements 3. Recognizes expenses and revenues when performed rather when paidDisadvantages of accrual basis accounting1. Special rules apply to this form 2. Transactions recorded at the time it happensAdvantages of cash basis accounting1. Only records revenue and expenses when they are paid either way. 2. It’s a very in expensive system to use 3. More simple system to useDisadvantages of cash basis accounting1. Misleading financial statements. 2. Fails to record services performed but not paid yet 3. Does not match expenses with revenues.I believe that each of these could be good for your business just depending on the business. Like to use the cash-basis you would need a business that does not have a lot of receivables and p ayables. If you have more receivables and payables I would suggest that you pay a little more money for the accrual basis you’re more likely to have a bigger business anyways. The revenue recognition principle recognizes revenue in the accounting period in which the performance obligation is satisfied. The expense recognition principle match expenses with revenues in the period when the company makes efforts to generate those revenues. If they waited until the end of the year to make all these entries it would be crazy look at tax time how people are. Now look at a company that has hundreds or even thousands of transactions a day all over the country it would be crazy.

The Link Between Globalization and Poverty Essay - 2499 Words

The Link Between Globalization and Poverty The word globalization gets tossed in conversation with out even slipping our minds what it is. But what is it? Globalization is the concept of companies sending jobs overseas to those who will work for less. Globalization is the ability to go to McDonald’s in China and eat a Big Mac that tastes as if you ate it on your homeland. Globalization allows you go on Facebook to communicate with your exchange partner in Germany in a matter of seconds. However, globalization can be defined even broader that includes multiple influences. The most suitable definition would be that globalization is the collapse of barriers between countries allowing labor, goods, and services to be freely exchanged. One†¦show more content†¦Sadly, these workers are blinded sighted because of their previous job history. For example, Norberg (2014) states, â€Å"They compare the work at Nike with the way they lived before, or they way their parents or neighbours still work. And the facts are rev ealing† (p. 188). By this he is explaining that they might make fifty-four dollars a month but comparing that to their relatives wage that is a substantial increase. He then interviews a young Vietnamese female, Tsi-Chi, who works in this sweatshop. She compares her work setting to working on a farm, working under the hot sun with bugs constantly pestering you for a straight ten to fourteen hours. But factory work is definitely more pleasing when a typical day is an 8 to 9 hour shift in air conditioning. On top of that, many workers receive training and education, reduced or free meals, and medical attention. This comparison makes, â€Å"Nike sound more like Santa Claus than Scrooge† (Norberg, 2014, p. 189). Nike’s appreciation for their customers has brought many workers increased wages and Norberg (2014) insists that their increased production, â€Å"will also be possible to invest in education and health for Vietnam† (p. 189). In other words, Vietnam’s economy will begin to flourish by having the access to be on the same playing field as the United States. Therefore, they can worry more about their education and hea lth rather than their financial strains. Lastly, Norberg (2014) stresses, â€Å"ItShow MoreRelatedEssay on The Benefits and Drawbacks of Globalization1396 Words   |  6 PagesGlobalization can be defined as the ability to produce and good or service anywhere in the world using capital, technology and components from anywhere and to sell the output anywhere and place the profits anywhere - - Peter Jay, BBC Economics Corrospondent, 1996 Rather than lead to economic benefits for all people, economic globalization has brought the planet to the brink of environmental catastrophe, social unrest that is unprecedented, economies of most countries in shambles, an increaseRead MoreGlobalization Is Not A New Concept1465 Words   |  6 PagesIntroduction: In this rapidly changing world Globalization has become the way to describe changes in international economy and in world politics. Globalization is not a new concept. After world war II powerful countries tried to capture free market of developed and underdeveloped countries. 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