...A simulation was completed to provide examples of how the supply and demand curves can have an affect on the decision making process for a company. During the simulation, different factors were taken into account and the user was to make decisions based on supply and demand and then were given the outcome of their choices. The information within this paper will summarize the comprehension of the material given in the simulation and will relate it to real-life examples. Micro and Macro Principles During the simulation, the two microeconomic principles or concepts present were the supply of apartments that GoodLife offered and the demand for the apartments by the consumers. Both concepts focused on a closer level to the supplier and consumer, which is why it can be defined as a microeconomic concept. Each concept focuses on the affect that an increase or a decrease in demand for or supply of two-bedroom apartments can have on the local economy as well as the company. These concepts also provide help during the decision making process because the company can apply the supply and demand statistics in order to maximize the revenue for the company. Two macroeconomic concepts spotted were the boost in the Atlantis population and economy, and the new price ceiling enforced. Both concepts have an affect on the overall economy, the larger scale (macro), which will alter the statistics that are used to generate economic policies that affect the aggregate economy. The increase in population...
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...Build Your Own Micro RC Surveillance Robot HOW DO YOU BUILD YOUR OWN MICRO RC SURVEILLANCE ROBOT? Why don't I show you how? Almost every roboticist has wanted to create a small Surveillance Robot at some point in their time. The biggest problem being the Receiver/Transmitter pairs are always too expensive. My solution: Extract the RC receiver from a small RC car and modify it for our purposes. By the end of this tutorial, you will create and modify an RC robot to do: 1. Direct Radio Control using the remote's joysticks. 2. Computer control via a microcontroller connected to the remote. Later, I plan on making this base teleoperational. When I do, I'll be sure to document it and continue the tutorial for it!!!!!!!!!! It will used the receiver from a $10 ZipZaps RC car purchased at a RadioShack (US) or a Microz GT car purchased at The Source (Canada). Any inexpensive RC car, though, will do. It will also use a wireless camera and 2 Solarbotics gear motors. The main goal of this robot always remains the same; to be able to perform surveillance that you could watch on your television or on your computer (this depends on the camera used). I broke this tutorial into steps for simplicity and organization of categories (why should you put the construction of chassis with building the electronics? :P) Now for some general examples of the design for the robot (you don't have to follow my example exactly). The image at the top of the page shows an angled view of...
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...decision to try and rent out all of their rooms. When they do this they actually have to increase the price of rent. The reasoning for this is because the more rooms that are rented out the more maintenance the company has to keep up. This is a good example showing that as you increase the price of the apartments, the number of apartments supplied to prospective clients also increases. A macroeconomic concept can be seen when the city of Atlantis begins to change and many more new companies move into the town. With the rise of the population, the city is beginning to notice more congestion in the town and a lack of housing. This is a macroeconomic concept because it the lack of housing is affecting the entire town's economics. The city also has plans on regulating the price of rent which can make it harder to reach equilibrium with a supply and demand curve for a housing company. With this concept you can also see a price ceiling because of the town limitations on rent cost so that it is more affordable for everyday families. A second macroeconomic concept that is shown in the demonstration is when the new company Lintech comes to town. When this company moves, they bring a multitude of new...
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...Affordable Housing – Some Experiences From Kenya Wafula NABUTOLA, Kenya Key words: Affordable, Mortgage, Sweat Equity, Home, House, Space, Settlements. SUMMARY Shelter is a physiological human need. It is like food. So much so that even those who cannot afford it still need it. By its nature housing represents a major investment requiring a substantial capital outlay. In the majority of housing projects, the developer whether as a corporate or individual has to borrow, beg or steal! Kenya’s GDP is reasonably large but is not growing at the rate that would be classified as booming. In fact the population growth at 2.9% is higher than the GDP growth at 1.1%. These are 2002 figures and therefore are quite current. The purchasing power parity is USD 346.00 per annum. The income per capita per day is USD 0.95! At that rate affordability of anything let alone housing is a big challenge. I am interested in this study because I know that more than one third of Kenyans (12 million – 9 million in rural and 3 million in urban areas) in both the urban and rural areas do not have access to decent and affordable housing. This study seeks to uncover the root causes and effects of abject poverty and suggest ways and means of mitigating those circumstances. TS12 – Housing – Costs and Finance Wafula Nabutola TS12.2 Affordable Housing – Some Experiences from Kenya FIG Working Week 2004 Athens, Greece, May 22-27, 2004 1/17 Affordable Housing – Some Experiences From Kenya Wafula NABUTOLA, Kenya...
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...apartments and only a 28% vacancy rate, it’s very essential to use the supply and demand curve to determine the equilibrium in the market. It is also important to understand movements along the shift of the demand and the supply curves to determine how the equilibrium is established after the shift in curves. Supply and Demand are the most used words in the world of economics today, according to Colander , D. (2010). Supply and demand is a critical part of microeconomic and macroeconomics and it assist in determining the economy. This is an excellent, clear intro – good level setting and use of reference As for the principles of microeconomic shown in the simulation is supply and demand. In the simulation they wanted to lower the cost of rent in order to lower the percentage of vacant apartments to 15%. This would raise the revenue for the management firm, at one point the employment rate, population and housing demand had increased. Within the simulation macroeconomics included that the government was forced get involved and create a cap of $1550 a month for rent for the two bedroom apartments affordable for the middle class families. The price cap was created only for the purpose of allowing the families the opportunity to have affordable housing in order to live in the city where they work. The housing...
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...situation arrives when a person is made to have worst experiences of life. He is made to feel alone, socially isolated or segregated in the society. Sometimes, there comes a situation, when the houses, which were typically considered to be large and spacious, motivate its residents to consider other housing options. My research, basically revolves around the people who choose to live in old homes. My research question is based upon their perspective about this residential segregation and the bonds they have developed within themselves in the old house. I also tend to disucuss the reasons behind choosing such an institutional living. Literature review. Old age segregation is highly debatable topic and a lot of literature is existing which highlights different perspectives of such segregation. TIME TO MOVE?A LITERATURE REVIEW OF HOUSING FOR OLDER PEOPLE by franceska Richard and Gill Walker, looks into the social context of housing for aged ones. It covers the demographic material, facts about social framework of housing for older people. This includes a review of demographic information, evidence relating to the needs, perspectives and choices of the aged people with respect to this housing, along the problems of segregation and marginalization and their impact on their livings. Attitudes towards Old Age: A Study of the Self-Image of Aged is another article by Philip O. Sijuwade, which looks into the different approaches , stereotypes, and age factors...
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...highest priority in our development strategy. It aims at qualitative change in the life pattern of our people. Definition of Rural Development: Rural development is the betterment in the totality of life for rural people. According to World Bank (2006), “Rural development is a strategy designed to improve the economic and social life of a specific group of people-the rural poor.” The Objectives of Rural Development: The objectives encompass improved productivity, increased employment and thus higher incomes and health. A national programme of rural development should include a mix of activities, including to projects to raise agricultural output, create new employment, improve health and education, expand communications and improve housing. Importance of Rural Development: For a country like Bangladesh, rural development is important. The reason behind this is that most of the people of the country are living in the villages. There is a direct link between the rural development and the development of our national economy. The rural sectors contribute about two-thirds of the GDP. We can achieve our cherished goal of financial development by the development of our villages which hold the key to our success. Specific Targets of Rural Development: Specific targets of rural development in today's Bangladesh include the rural poor, especially the more disadvantaged groups of women and children. Rural development aims at building the capacity of these target groups to control...
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...INTEREST RATE (%) 1 1. All Term Loans (including WCTL) to Micro, Small and Medium Industries, 2. SRTOs and Acquisition of private vehicles, 3. DG Sets, Mobile Generators 4. Tourism related activities: Amusement parks, Restaurants, Travel and Transport, Tourist Service Agency, Service Apartments, Restaurants & Hotels, Catering, Resorts/ Mobile Canteen. 5. Health Care Services*: Assistance to Qualified Medical Practitioners/ Doctors, Hospitals/ Nursing Homes, and Electro-Medical Equipment. 6. Assistance to qualified...
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...Interamerican University of Puerto Rico Metropolitan Campus San Juan, Puerto Rico The Basque Country: Strategy for Economic Development Case Study Manuel Joglar M00057903 BADM 5600: Entrepreneurial Strategy Prof. Dr. Milan Historical Background: Autonomous region of Spain with strong distinctive cultural roots, an autonomous government with a vision of important economic and social development, have made this region become a leader among other regions of Spain and some countries in Europe. The Basque region has been characterized by its history of maintaining a progressive vision of economic development, where the government has always played an important role, establishing plans and designing strategies for the development of industries in their economy. In the middle ages the development of the iron, shipbuilding industries and arms subsequently laid the foundation for the growth of the economy. The geographical location of the region gives an additional advantage because it has ports and navigable estuaries which facilitate trade, plus it is on the trade route between Spain and northern Europe. Because this development was one of the most important of the time in Spain, the Basques developed laws , and began to establish schools for research and development that attracted many European scientists. During the Industrial Revolution, large investments in transportation, communications and schools were made. Entrepreneurs began to modernize traditional industries and new industries...
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...living in the rural areas and this largely affects their lifestyles both socially and economically. Along with poverty, many other social problems or issues can be pointed out including unemployment, lack of education, lack of proper governance and over population. These problems are associated with poverty and most of the time regarded as causes or effects. In government’s bid to eradicate poverty from the rural areas, it adopted strategies and one of such strategies is microfinance. Microfinance involves the application of innovative methodologies that make financial services available to relatively poor households and microenterprises. Microfinance can also be termed as the practice of providing financial services including micro credit, micro savings and micro insurance to poverty stricken or poor individuals, such that they are assisted to collect large sums of money in order to expand their choices and help them reduce the risk faced by them in their societies. HISTORY OF MICROFINANCE Microfinance activities date as far back as in the early 1900’s where Susu, which is one of the current microfinance schemes was practiced. Available evidence also suggests that the first credit union in Africa was established in Northern Ghana in 1955 by the Canadian...
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...plant in Montreal produces wallboard for Quebec and the Maritimes. A plant in Winnipeg produces for Manitoba and Saskatchewan. The Calgary plant manages the Alberta market and Vancouver’s plant manages British Columbia. Two mines produce the gypsum for all of the plants in Canada. Each plant is headed by a plant manager and they in turn report to VP Manufacturing, George McBain. The mine managers report to VP Mining, Mohammed Khan. In addition to McBain and Khan, the senior management team include VPHR, Judy Byer; VP Finance, Fred Ho; VP Marketing, Sonya Krajevski; and President and CEO, Jim Pender. Overall demand for gypsum wallboard in Canada tends to depend on two major environmental factors: the number of housing starts in a given year, and interest rates. As housing...
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...Final Analytical Application of Current Microeconomic events Introduction The article ‘Financial crisis in the living room’ written by Renan Bourdeau on the 8th of September 2013 featured in the Khaleej Times. It questions the ramifications ascribed to the fact that the populace’s salaries are not increasing in congruence with housing costs. The article cites that the recovery of the residential estate in Dubai has featured in the news for quite some time and the prices of houses have soared, and have been accompanied by high rental costs for properties. As a result of the drastic increase in the housing prices which is bound to extend until the year ends, utility costs have flared up in the region. The credit crisis ascribed to the region has resulted in an increase in the cost of purchasing household equipment, as well as conducting routine household maintenance by approximately 3.69 percent (Bourdeau, n.d). The emergent question is what impact this surge is bound to have on consumer lending, debt repayment and borrowing. During the beginning of the year, over a five-month period, consumers took loans worth more than Dh9 billion, a sum that correlates with the whole of 2012’s increase. Moreover, the UAE presently represents more than 60% of the consumer debt within the GCC. Its ratio of debt to income is greater than that of the US and most countries in Europe. This is an unsettling sign that indicates mounting household debt within the country. In addition, most residents...
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...appointed by the Governor of Texas for staggered six year terms known as the Texas Board of Criminal Justice. The board is charged with governing the TDCJ, implementing policies which guide operations. There are different divisions of TDCJ and amongst those divisions is the Correctional Institutions Division of which I am employed and am tasked with the confinement and supervision of convicted felons. Email, use within the agency includes communicating with other employees within the agency, other agencies and departments. Email is a method of communicating and documenting the communication at the same time. Clear communication is an essential function to ensure the agency works smoothly. There are 119 units across the State of Texas housing approximately 740,905 offenders (Texas...
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...Empowering women KALPANA KANNABIRAN writes on a government policy which incorporates the major concerns and issues that the women's movement has been engaged with over 25 years.THE National Policy for the Empowerment of Women 2001, is an attempt to institutionalise the gains of women's movements across the country. Taking the Constitution as its point of departure, the National Policy outlines the historical context within which it is located, which interestingly, is the historical context of the women's movement as well: the international conferences from Mexico (1975) through Nairobi (1985) to Beijing (1995) and the follow up on Beijing; the women's movement and the widespread network of non-government organisations with a mass base; the landmark "Status of Women" documents in the country - Towards Equality and Shramshakti. The objectives and goals of the National Policy include the creation of an enabling environment for women through economic and social policies, active protection of rights, equal access to decision making and social sector needs, strengthening institutional support systems and legal machinery, and forging partnerships within civil society. In short, the active and committed elimination of all forms of discrimination against all women. These objectives, the Policy affirms will be realised through a review and formulation of positive measures in the judicial legal system, decision making, through the economic and social empowerment of women. A cursory reading...
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...of. The sex trafficker, “Olga”, was never arrested. Mary Cunneen says that Western countries can help by trying to assist these countries with the inequalities and injustices that exist there, and that all countries should look at how they can help decrease sex trafficking in their countries and how to help those who have been trafficked into their countries. Cunneen’s former organization, "Anti-Slavery Intervention”, tries to help those who are victims of sex trafficking to get basic human rights protection in European countries so that they can be protected by their government rather than seems as illegal immigrants. Additionally, Cunneen says that victims need a period to recover, called reflection period, where they would need proper housing, education, medical support, job training, etc. to help the recover from their...
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