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Metaphor Essay Essays and Research Papers. English 1302 Dr. Hawley 5/9/2013 Herbert’s Metaphors George Herbert wrote the poems: “Alter” and “Windows” that have a good use of . metaphor throughout each poem. Herbert has a good use of metaphor in these two poems that greatly enhances the meaning of problems, them both. The metaphors used have affect over the connotation and the denotation of the wilfred adjectives and the analogies that are made with the use of the metaphors “Alter” has a great use of metaphor in not only the words but also the dyson problems shape of of a Program for Clinicas de Salud del Pueblo Essay, the. Analogy , Glass , God 861 Words | 3 Pages. English 100 Metaphor in Area Other Than Literature Essay The purpose of metaphor is to conceptualize one . thing in terms of another. Metaphorical concepts shape and reflect our perceptions, actions, and dyson problems relations to How the English Helped Me Essay, others (Lakoff and dyson problems Johnson 1). In the field of nursing, many metaphors have emerged which have greatly impacted the practice of nursing.
These metaphors include the “nursing as military” metaphor , which typified nursing during the 19th and beowulf quote most of the 20th centuries, and the “nursing. Diploma in Nursing , Ethics , Florence Nightingale 1303 Words | 4 Pages. What is a Metaphor ? A Metaphor is an “expression of an understanding of one concept in terms of another concept, where . there is some similarity or correlation between the two” according to the LinguaLinks Library. Metaphors are used by problems, anyone trying to convey an idea in sonia levitan an indirect manner. We use them daily without realizing it. Dyson? Metaphors put a twist in daily language in that they are a unique way of describing a concept. There are common metaphors that we use everyday and. Concept , Engineer , Engineering 1076 Words | 7 Pages. Metaphor —a literary technique used to How the English Module Assessment Me Essay, clarify the “darkness inside a cloud” (Selection 2). The power of metaphor is utilized . throughout the dyson problems world of language on a daily basis to clarify, explain, and act as a moral instrument. How The English Module Assessment Helped? Metaphor can be described, as it was by Cynthia Ozick, author of problems, The Shawl, as “the mind’s opposable thumb”: just as one cannot grasp objects without an opposable thumb, one can also not write successfully without the aid of metaphor (Selection 1).
Metaphor evidently has. Cynthia Ozick , Emotion , Literature 1737 Words | 5 Pages. ?University of Phoenix Material Metaphors Worksheet Insert your name: Part 1 Metaphors Student Response Making . Metaphors Example My daughter is the sunshine of my life. Student Response ONE The morning sun is my alarm clock. Student Response TWO My car became a NASCAR because I was late for work. Student Response THREE The monstrous buildings looked down on me as my car glided through their domain. Student Response FOUR I felt like I was in a coffin being buried in types work. Problems? Student. Literature , Metaphor , Metonymy 479 Words | 2 Pages. Jessie Edmond Mrs.
Jennings ENG100 1/10/13 THE SHARPEST TOOL IN THE SHED: A RESPONSE TO JOHNSON and of a Wellness for Clinicas de Salud LAKOFF’S METAPHORS WE LIVE BY (1980) . Argument is dyson war! Or at least this is what Johnson and Lakoff would have you to different types of beauty, believe after reading their 1980 publication Metaphors We Live By. In fact, one should be prepared for battle any time you have a verbal argument with your employer, professor, or family member. Dyson Problems? This is because, according to Johnson and Lakoff, “The language of Assessment Helped Me Essay, argument is not poetic. Christof Koch , Conceptual metaphor , Delusional disorder 1036 Words | 3 Pages. Metaphor Evaluations Paper TDJ University of Phoenix PHL 251 May 25, 2011 Dr. Problems? E. S. Team A Metaphor Evaluations Paper . Different? Evaluation of R’s Metaphors R created the metaphors evaluated below he described people and problems events. In his metaphors , he wrote about sonia levitan, family, his daughters, and a friend and by problems, his selection of words, he was conveying sensitivity through his descriptive images of them. Through his comparison of their eyes to Creation Program del Pueblo, the ocean and the stars, it was clear why the problems ocean would envy such. Analogy , Feeling , First Amendment to Creation of a Wellness del Pueblo, the United States Constitution 1330 Words | 4 Pages. The use of dyson, metaphors are an important factor with any piece of literature.
Metaphors add color to creative writings, also . establishing depth. A story without metaphors is Creation of a Wellness for Clinicas Essay lifeless, unable to compose another way to view it. The term for a metaphor is a figure of dyson problems, speech in which term is Creation of a Program de Salud del Pueblo transferred to problems, something it does not literally apply to, this helps the brain create a mental picture which the person might easily understand what the character is feeling. Wilfred Essay? When a person finally makes. Analogy , Erich Maria Remarque , Human 641 Words | 5 Pages. Metaphors of dyson problems, Organizations All theories of organization and management are based on implicit images or metaphors that . persuade us to see, understand, and imagine situations in partial ways. Metaphors create insight. But they also distort. They have strengths.
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Analysis of Metaphor in an Area Outside of Literature Using a metaphor is an effective way of persuading others to understand . one’s personal views, social beliefs, and Module Assessment displayed attitude. Metaphors make light of any given situation, having the dyson problems ability to bring a conversation or story to life. Metaphors can bring attention to what we are accustomed to as well as describing some of the training emotions in problems everyday life. Usually taking on meaning with what people feel and believe. There are an abundance of. 2003 albums , American films , Analogy 957 Words | 3 Pages. benefit your life. 70. Finding your feet - To gain confidence in what you're doing. 71.
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Classification and Procedures of Translation of Metaphors. ?OUTLINE Metaphor , its definition and purpose Types of metaphor Dead Metaphors Cliche Stock . Metaphors Adapted Metaphors Recend Metaphors Original Metaphors Methods of contrast, metaphor translation Producing same image in TL Replacing image with TL standard image Metaphor to simile translation Metaphor to simile translation along with its sense Metaphor to sense conversion Metaphor deletion Same metaphor with sense 1. Dyson? THE METAPHOR AND ITS PURPOSE Metaphor can be defined as an indirect comparison. Analogy , Language , Literal translation 1150 Words | 4 Pages. Name: Date: Short Story Essay English 11 Topic: Making reference to three stories in this unit, discuss the authors' use of . literary elements (such as symbolism, setting, irony, characterization) to develop their themes. English Module Assessment Helped? Please note, a key element that you will need to deal with is not only the literary elements, but also the themes (so you will need to clearly identify these). Dyson Problems? Write your essay here: Three stories including; “The Painted Door” by Sinclair Ross, “War” by Luigi. Emotion , Fiction , Luigi Pirandello 988 Words | 3 Pages. ? Slough Commentary Essay Eric Best Mr. Taylor October 10, 2013 ENG3Ud John Betjeman’s poem Slough is a . dark depiction of an English industrial town that has been run down over the years of its existence. According to Betjeman, Slough is a truly miserable place and he demonstrates this is his poem through to use of dark metaphors , consistent repetition, and discomforting imagery.
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Death , English-language films , Life 1143 Words | 3 Pages. Literature Review on Metaphors From the Perspective of Cognitive Linguistics The definition of metaphor . Traditionally, metaphor is a figure of speech in which one thing is compared to sonia levitan, another by saying that one is the other, as in “He is a tiger”. It is a property of words, and is used for some artistic and rhetorical purpose. However, this view has been challenged recently by cognitive linguists (Liu Wen, 2012: 249). Cognitive linguists and dyson problems philosophers have shown that metaphors are not just a.
Analogy , Cognitive linguistics , Cognitive science 1198 Words | 4 Pages. literary critic and theorist, provides a brief summary stating the preference for the metaphor over metonymy by aligning analogy with necessity . and contiguity with chance. According to him, “’the element of truth’ is the product of a purely rhetorical and ultimately metonymical, sleight of hand, therefore over Me Essay, turning the dyson problems traditional hierarchy and deconstructing the How the Module Helped very basis for the seductiveness and privilege of metaphor .” Barbara Johnson pays keen and strict attention to a specific passage in dyson her critique. Analogy , Deconstruction , Jacques Derrida 895 Words | 3 Pages. 27 September 2010 Compare the similarities and differences between two Ballads, Charlotte Dymond and John Lomas. Sonia Levitan? Charlotte Dymond and John Lomas, are two . poems which share several techniques. They also, however are different in dyson many ways. This essay will explore their similarities and their differences and explain reasons why the two ballads are different or similar.
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and meaning. Being shown everything we also question life’s purpose and meaning. Due to dyson problems, these experiences of betrayal and revenge, Hamlet loses all . happiness towards life when he declares that “the earth, seems to me a sterile promontory.” This metaphor exposes his sense of isolation in a cruel world which continues to contrast, operate normally as he compares the earth as a bare rock formation. This portrays that his view towards humanity has been lowered to that of a rock. Problems? In the Elizabethan Era, humans. Characters in Hamlet , Ghost , Hamlet 1136 Words | 3 Pages. Rigamonti Thesis-Driven Analysis Essay 26 Oct, 2013 Analysis of training, Matthew Boyd’s Essay Are bees’ the dreadful satanic . creatures that Matthew Boyd describes in his essay Striped, Winged, Devils or are they the domesticated canines that lick you to death with their unbridled love? Well I hope to problems, break this down the best way I can from what I picked up on.
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Analogy , Argentina , Buenos Aires 1369 Words | 4 Pages. Essays are generally scholarly pieces of writing written from an author's personal point of view, but the definition is wilfred owen essay vague, overlapping with . those of an problems article, a pamphlet and a short story. Essays can consist of different of beauty, a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's. Alexander Pope , Essay , Essays 1053 Words | 4 Pages.
second point that is a result of this ill mind seeing things: She feels no more that her finger is part of her own body. After the opening sentence which is . the introduction to the event, we can see that she addresses her thumb even in the first metaphor she takes: “Little pilgrim, the Indian’s axed your scalp.” and dyson your turkey wattle, saboteur, Kamikaze man, your gauze KKK, your heart, you jump …. This confliction in the poem, that is, addressing her thumb most of the times and sonia levitan switching. Cut , Emotion , Feeling 842 Words | 3 Pages. Shakespeare's use of metaphors in the play As You Like It with citations. In his play, As You Like It, and generally in all his writing William Shakespeare uses a lot of dyson problems, metaphors . In, As You Like It, he has . Rosalind who is disguised as boy named Ganymede use an interesting metaphor that explores the relationship between the consumption of time and the movement of contrast, a horse based on mood or pleasure. Problems? In my opinion the only reason that Rosalind ever uses the metaphor is to try to convince Orlando, the man she has fallen in love with and knows that he loves her, that she.
As You Like It , Clock , Gallows 861 Words | 3 Pages. ENGLISH ESSAY – Julius Caesar Passionate convictions and articulating views are represented in texts, which contribute to types, the manipulation of . our views. These elements are evident in Shakespeare’s ‘Julius Caesar,’ ABC News’ article, ‘Bill Henson’s case’ and Kev Carmondy’s song ‘This Land is Mine/This Land is Me.’ The primary stimulus, ‘Julius Caesar’ shows how an dyson individual’s perspective can be defined as a way of contrast training, seeing or interpreting a situation or set of facts based on problems a certain level of judgment. Augustus , Bill Henson , Julius Caesar 1125 Words | 3 Pages.
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Food Service (Waitress Waiter) Resume Samples. Click the problems, images to expand the resumes to a larger size. We have three resumes, and detailed explanations for how to write your own below. If you are an sonia levitan, entry-level candidate (or have never been a waiter before), click here. If you need a food service cover letter, click here.
Attention line cooks, prep cooks, chefs, and other food service workers — Don’t see your job here? Please view our full list of food service resume samples here. Click here to download. This MS Word Food Service Resume. Food Service Resumes (Text Versions Quick Facts)
Restaurant Server (Chrono) Candidate uses a Reverse-Chronological resume format, and introduces the resume with a strong Career Objective Candidate emphasizes 7+ years of dyson problems, experience, and presents hard numerical evidence to prove she are a strong salesperson Candidate emphasizes depth of wine and entree knowledge to sonia levitan play up her competence. RESTAURANT SERVER (REVERSE-CHRONOLOGICAL) 8870 Haven Street, Bloomington, IN 44590(141)-212-5465. Food Service Worker with 7+ years of experience in food preparation and service, and a certificate in Food Handling and Safety. Possesses a keen knowledge of wines, entrees, and dyson problems, the responsibilities of a successful restaurateur. Faithfully adhere to the highest standards of different types of beauty, hygiene, quality and customer service. Aiming to leverage my knowledge to dyson effectively perform a management position at your restaurant. RIVERSIDE RESTAURANT Chicago, IL. Food Service Worker September 2011 – Present. Memorized restaurant’s wine stock and the meals they should accompany, leading to daily wine sales averaging $150, fully 20% higher than company average Write patrons’ food orders on slips, memorize orders, or enter orders into computers for transmittal to kitchen staff in wilfred owen essay a 150+ seat restaurant Clean all work areas, equipment, utensils, dishes, and silverware and ensure they are stored appropriately in accordance to state law.
Perform food preparation duties such as preparing salads, appetizers, and problems, cold dishes, portioning salads, and brewing coffee in a fast-paced line kitchen. CARRABBA’S ITALIAN GRILL Chicago, IL. Trainee Food Service Worker August 2007 – July 2011. Present menus to contrast training patrons and answer questions about menu items, making recommendations upon request in a 70+ seat restaurant Assisted host or hostess by answering phones to take reservations or to-go orders, and by problems, greeting, seating, and thanking guests Stored food in contrast training designated containers and storage areas to prevent spoilage and increase shelf life Presented wine samples for guests to dyson problems taste and opened the bottles for them upon their approval Served food and beverages to beowulf quote patrons, and problems, prepared or served specialty dishes at essay tables as required. Certificate in Food Handling and Safety, June 2008. Bachelor of Arts Degree in Culinary Arts, June 2007. Team worker who is able to dyson problems adapt in highly dynamic and changing situations. Excellent problem solving and communication skills, with a focus on for Clinicas de Salud del Pueblo customer service Familiarity with Point of Sale terminals Bilingual (Spanish/English) Candidate uses a Combination resume format to emphasize achievements and problems, skills, beginning with a Professional Profile introduction to present critical and relevant information Candidate bolds key waitressing skill keywords in the Professional Profile section, and training, lists her achievements after them Candidate emphasizes her ability to “upsell” customers on alcoholic beverages. Three Key Server Waitress Skills:
1. Salesmanship: Ability to convince customers to dyson make extra purchases by persuasively presenting entree wine pairings, selling desserts, and convincing patrons to return to the establishment. 2. Communication: Ability to Program for Clinicas de Salud host, entertain, small talk, and problems, speak fluidly in front of strangers at length. Ability to work together with other food service workers as a team, often working in pairs for bigger tables. Ability to keep a cool head when dealing with irate customers. 3. Management: Ability to teach new hosts and waiters how to present menu items, how to use Point of Sale (POS) Terminals, and for Clinicas, test trainees for dyson problems, memorization of wilfred owen, food ingredients. Project Execution: Implemented new menu introduction strategies, increasing customer purchases of wine by 10% on dyson average Management: Assisted in the training of 6 new waiters, ensuring attention to detail and comprehensive understanding of restaurant methodology and types of beauty, practices Awards and Recognition: Frequently praised for excellent service on restaurant online rating system Salesmanship: Deep and dyson problems, broad knowledge of sonia levitan, wines and appropriate entree pairings Communication: Fluent in English and Spanish – Excellent verbal and dyson problems, written skills. Familiarity with Point of Creation of a Wellness, Sale (POS) and dyson problems, common restaurant machinery Able to different memorize entire menu within a day, including ingredient combinations Proven ability to “upsell” alcohol, dessert, and dyson problems, appetizers to beowulf quote customers Bilingual Spanish and English. Waitress | Los Angeles, CA | 2012 – Present. Memorized restaurant’s wine stock and appropriate entree pairings, leading to daily wine sales averaging $180, fully 15% higher than company average Wrote patron’s food orders on slips, memorized orders, and dyson problems, managed food resources in a 120+ seat restaurant Operated POS terminals to input customer orders, swipe credit cards, and wilfred essay, enter cash amounts received Received in-depth training for proper food handing techniques, including proper freezer placement, appropriate soup temperatures, and equipment cleaning processes. Hostess Waitress | Los Angeles, CA | 2010 – 2012.
Awarded “Employee of the Month” two months consecutively Bussed tables, presented menus, seated customers, and assisted waiters with drink orders Trained 3 new hosts in providing excellent customer service and problems, conflict resolution techniques. Florida State University, Orlando, FL. Bachelor of Arts in English, May 2008. Three Transferable Skills for Food Service: 1. Customer Interactivity: If you have ever had any experience dealing with customers (whether you were scooping ice cream, greeting people at a front desk, operating a ticket booth, etc.), this type of experience is transferable into any other customer service job. 2. Sonia Levitan? Technical: Have you ever swiped a credit card, operated a Point of problems, Sale (POS) Terminal, or re-stocked receipt paper? All of these skills are transferable into contrast, food service.
3. Communication: Bilingual ability, especially Spanish, will help your food service career chances significantly. If you’ve ever had a job where you’ve had to speak in front of other people, that kind of communication ability is considered transferable. 534 Shelby Avenue, Los Angeles, CA 24542 * (433) 623-6234 * [emailprotected] Superior salesmanship skills, consistently outperforming company peers Friendly, outgoing, and charismatic personality well suited for a fast paced, customer service oriented restaurant Experience with Point of Sale (POS) Terminals, with excellent basic math skills Working knowledge of dyson problems, wines, cocktail mixes, and other bartending skills Conversational in Spanish. Awarded “Employee of the Month” for consistently making achieving 15% above target sales Perfected menu presentation skills, providing customers a holistic understanding of the restaurant offerings, leading to more sales Trained 4 underperforming waiters in salesmanship methodology, increasing their sales to types of beauty meet company average. Experience with 3 types of problems, POS Terminals, receipt roll replacement, and coffee machine cleaning Familiarity with common restaurant bread cutting machines, dishwashers, and knowledge of equipment cleaning processes Excellent basic math skills, able to Creation Wellness Program de Salud del Pueblo calculate and split bills in the event of POS Terminal downtime.
Consistently scored over 90% satisfaction rating on dyson problems customer feedback surveys Conversational in Spanish (able to take orders from Spanish speaking customers.) Possess excellent conflict resolution skills in owen essay the event of customer dissatisfaction. University of South Carolina, Columbia, SC. Bachelor of problems, Science in Marketing, May 2005. 4 Steps to Writing the Ultimate Server Resume. “Food service” encompasses many different roles within a restaurant, cafeteria, or other food service establishment, such as waiters and servers, line cooks, bartenders, hosts and hostesses, and busboys. A waiter takes orders from a happy couple. These roles fall into what are called the “front end” (customer service) and the “back end” (food preparation) of the establishments. This resume is relevant to those of you with “front end” server experience. We will teach you why this is an excellent resume, and sonia levitan, how you can write your own in dyson problems a similar fashion.
As a professional food service worker, you may currently be writing your resume in order to: Find a new working environment Earn more money Attain a managerial role. Read this resume writing guide to ensure you achieve your goals. By the beowulf quote, way be sure to read our Resume Writing 10 Commandments to understand the major rules that all resumes need to follow, including server resumes. If this seems difficult, you can always create a food service resume in minutes with our widely praised resume maker. 1. Dyson? Include These Key Server, Waitress, and Waiter Skills. For some quick help, here are the key aspects you need to include on a server resume. Owen Essay? Restaurant hiring managers will be looking for these specific traits to decide if you’re a worthwhile candidate. Be sure to include these key server skills on problems your resume.
Keep in mind that if you have any food service certifications, such as a Certification in Food Handling and Safety, you should place it at the top of your resume. If you don’t have any, you can land more interviews and potentially increase your salary by earning one. The National Restaurant Association offers certifications here. 2. Module? Write a Convincing Career Objective. The first major section of your resume is called the dyson, Career Objective. This applicant’s Career Objective IMMEDIATELY puts her on the short list for an interview because she included relevant information throughout the objective.
There are four reasons this example has a strong Career Objective. Pay particular attention to different of beauty the bolded parts: 1st: It immediately states years of experience: 7+ years of experience in food preparation and service… 2nd: It indicates earned titles or certificates:
Certificate in Food Handling and Safety. 3rd: It emphasizes deep knowledge of the business: Keen knowledge of wines, entrees , and the responsibilities of a successful restauranteur. 4th: It states the position she wants to fill: “Aiming to…effectively perform a management position at your restaurant. Dyson? “ In the eyes of a hiring manager, this applicant’s Career Objective IMMEDIATELY puts her on the short list for an interview because she included great resume builders throughout the Wellness Program de Salud Essay, objective. Dyson Problems? It is also well written, and targeted at the managerial role she wants to sonia levitan fill. Good news! Food service manager roles are projected to increase by 11% through 2022.
It’s very important to dyson problems remember that the Career Objective does not relate to what YOU want from the job, but rather what you can do for the company . In this way, the applicant makes a convincing argument that she’d be an asset to Creation Program for Clinicas del Pueblo Essay the company in a managerial role. Our step by step Career Objective writing guide can give you concrete ideas about how to write your own. 3. Dyson? Describe your Server Experience with Numbers. Adding numbers to your job description bullet points will help the hiring manager grasp the size and scope of Me Essay, your responsibilities, and give them a clearer mental picture of your experience. By quantifying your resume, it will immediately become better than the vast majority of your competition. The easiest way to do this is to problems simply write how big your food establishment is, and how many seats it has.
The applicant does this twice for the two establishments she worked in, as you can see from the contrast training, bolded text below: Write patrons’ food orders on slips, memorize orders, or enter orders into problems, computers for transmittal to kitchen staff in different a 150+ seat restaurant Present menus to patrons and answer questions about menu items, making recommendations upon request in a 70+ seat restaurant. Even by making this simple addition, your resume will immediately be better than the vast majority of your competition. If you really want to blow away the hiring manager, you’ll need to do more complex research, like this example: Memorized restaurant’s wine stock and dyson, the meals they should accompany, leading to daily wine sales averaging $150, fully 20% higher than company average. Do you know how much you make in sales daily or monthly? You can expect to sonia levitan make an average of problems, $47,960 per years as a Food Service Manager. Most restaurants — especially big chains — will track their servers’ sales statistics for the purposes of budgeting (and, of course, to cajole low performers). You can ask your manager to see these statistics, and include them on your resume. Even if you didn’t perform spectacularly (like the applicant), simply including this information in your resume will indicate to the hiring manager that you are self-motivated and hard working.
This is called writing an different types of beauty, “achievement oriented” resume — and problems, these tend to land the most interviews. Bonus: Action Verbs for Your Server Resume. 4. Include Relevant Additional Skills. Your Additional Skills section should not list your hobbies and interests, unless they are relevant to the job. Being bilingual in Spanish and English is types, a valuable asset to have, especially for problems, a managerial position. (For instance, a wine connoisseur would be a valuable asset to a restaurant that sells wine.) Since you are a professional food service worker, regardless if you are crafting a server resume or one seeking a more supervisory role, you should definitely include these bullet points in your Additional Skills section to Creation Program de Salud build a stronger resume: Familiarity with Point of Sale terminals Problem solving and communication skills. If you also happen to be bilingual in Spanish and English, that also tends to be a valuable asset to have in dyson problems a US based restaurant — especially for a managerial position. Candidate emphasizes having a Certification in Food Handling and Safety Candidate places Education Section first due to having recent school experience Candidate mentions her high customer satisfaction rating. Getting the for Clinicas de Salud, Education Section Right.
All entry-level candidate resume must begin with the education section. Although this candidate has had prior work experience, it was as a trainee, or as a part-time worker. Dyson? The most important reason the applicant is considered entry-level is contrast, because she just recently graduated from community college . This applicant has educational experience related to food service (Certificate in Food Handling and problems, Safety, BA in Food Science). Understandably, you may not — and that’s fine. If you have no experience whatsoever, you’ll need to sonia levitan write a very convincing cover letter that the dyson problems, employer should take a chance on you. The education section on How the Helped Me Essay an entry-level resume can be more detailed and whimsical than a professional resume , because it’s likely that you don’t have prior work experience. The hiring manager will be interested to know if you are generally an problems, active person or not.
Therefore, you can include information about: Clubs you’ve joined Greek life you participate in contrast Relevant coursework GPA (if above 3.5/4.0) Other Good Food Service Industry Samples. Waiter – Newjobs.com (Note: One of the few decent resume samples in this industry on the net. The Professional Experience section introductory paragraphs are a bit overdone, and problems, could instead use more bullet points. Otherwise, this is a great sample.) Waiter- career-development-help.com (Note: A simple, but effective resume. Has a well done “Professional Profile”.) Cook – CC.edu (Note: Overall an sonia levitan, excellent resume, although the Work Experience section is problems, not formatted very well.) Share Food Service (Waitress #038; Waiter) Resume Samples
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Essay on dyson, Microeconomics and Macroeconomics. In this essay we will discuss about Microeconomics and Macroeconomics. After reading this essay you will learn about: 1. Meaning of Microeconomics 2. Scope of Microeconomics 3. Limitations of Microeconomics 4. Wilfred Owen Essay. Importance of Microeconomics 5. Problems of Interrelation and Integration of Micro and Macroeconomics 6. Meaning of Macroeconomics 7. Scope and dyson problems Importance of Macroeconomics 8. Limitations of Macroeconomics. Essay on the Meaning of Microeconomics Essay on the Scope of Microeconomics Essay on the Limitations of Microeconomics Essay on the Importance of Microeconomics Essay on the Problems of Interrelation and Integration of Micro and Macroeconomics Essay on the Meaning of Macroeconomics Essay on the Scope and Importance of Macroeconomics Essay on types of beauty, the Limitations of Macroeconomics. Essay # 1. Meaning of dyson problems, Microeconomics: Microeconomics is the study of the economic actions of individuals and small groups of individuals. Owen. This includes “the study of particular firms, particular households, individual prices, wages, income, individual industries, and particular commodities.” It concerns itself with the analysis of price determination and the allocation of resources to specific uses. The determination of equilibrium output of the firm or industry, the wage of a particular type of labour, the problems, price of a particular commodity like rice, tea, or car are some of the fields of microeconomic theory. “Microeconomics deals with the division of total output among industries, products and firms and the allocations of resources among competing groups.
It considers problems of income distribution. Its interest is in relative prices of particular goods and services.” Microeconomics is, in fact, a microscopic study of the economy, according to Maurice Dobb. It is like looking at the economy through a microscope to find out the Creation of a Wellness Essay, working of markets for individual commodities and the behaviour of individual consumers and dyson producers. In other words, in microeconomics we study the interrelationships of individual households and individual firms, and individual firms and individual industries to each other. In this sense, microeconomics involves the study of aggregates.
“Price and value theory, the sonia levitan, theory of the household, the firm and dyson the industry, most production and welfare theory are of the microeconomic variety,” Thus, microeconomics studies: (i) How resources are allocated to different the production of particular goods and services, (ii) How the goods and services are distributed among the people, and. (iii) How efficiently they are distributed. While studying the conditions in which the price of a particular good is determined, microeconomics assumes the total quantity of resources as given and seeks to explain their allocation to problems the production of that commodity. The allocation of resources to a particular good depends upon the prices of other goods and the prices of factors producing them. It is, therefore, the relative prices of goods and services that determine the allocation of resources. In other words, other things being equal, it is the allocation of resources that determines what to produce, how to produce, and how much to produce. This decision, in turn, depends upon beowulf quote, the relative prices of goods and services. Thus, microeconomics is the dyson, study of price theory: how the price of a particular commodity like rice, tea, milk, fans, scooters, etc. is determined; how the wages of a particular type of labour, interest on a particular type of capital asset, rent on a particular land and profits of a particular entrepreneur are determined; and of beauty how efficiently the various resources are allocated to individual consumers and producers. We briefly study these problems below. In microeconomics the analysis of price determination and allocation of resources is studied in three different stages: (i) The equilibrium of individual consumers and producers, (ii) The equilibrium of a single market, and.
(iii) The simultaneous equilibrium of all markets. Individual consumers and producers are unable to influence the prices of goods they buy and sell. A consumer is faced with given prices and he buys that much of the problems, commodity which maximises his utility. For an of a Wellness Program del Pueblo Essay individual producer, input and output prices are given and he produces that much of the product which maximises his profits. In the market, the price and quantity bought and sold are determined by the actions of dyson, buyers and How the English Module Helped Me Essay sellers. Dyson. The aggregate demand and beowulf quote supply curves are derived from individual demand and supply curves. The equality of aggregate demand and supply curves determines the price and the quantity bought and sold in the market.
It applies both to dyson problems product and factor markets. By relaxing some of the assumptions of the beowulf quote, perfectly competitive market, this analysis is extended to monopoly, oligopoly and monopolistic, competition markets. Finally, in microeconomics, the interrelations between the different markets are taken so as to determine all prices simultaneously. Though, it is generally said that microeconomics is related to partial equilibrium analysis which is the study of the equilibrium position of an individual, a firm, an industry or group of industries, yet it is also a study of their interrelationships and interdependences within the economy which falls under the general equilibrium analysis. First, there is the consumers market in which the quantity of each commodity demanded depends not only on its own price but also on the price of every other commodity available in the market.
In this market, consumers meet producers to buy commodities which the former demand and the latter sell. The demand of consumers for the various commodities depends upon their prices and the prices of the services which they offer. Dyson Problems. In other words, a consumer earns by selling the productive services he owns and creates demands for commodities. The price at which a commodity sells depends upon its costs of production. English Helped. The costs of production, in turn, depend on the quantities of the various productive services employed and the prices paid for them.
Thus the supply of commodities in the market depends on the costs of the firms, and the prices and quantities of the various productive services used by them. Secondly, there is the producers market or factor market. In this market, the demand for productive services (factors of production) comes from the producers, and supply from the consumers. The quantity of a service (factor) used in producing a commodity depends on the relationship between the prices of that service and other services, and on the prices of commodities. Here producers meet labourers, capitalists, landlords and other resource-owners. In this market, money incomes are earned by resource-owners who own and sell their resources, the majority of whom are consumers. Thus microeconomics is a study of interacting units of consumers, producers, and resource-owners. In this system, all prices are relative to one another.
A change in any one price establishes a ripple which touches both product and dyson factor markets. The interrelation between product and factor markets through prices is shown in Figure 1. In this system, consumers and firms are linked through the product market where goods and services are bought and sold. They are also linked through the factor market where the factors of production are bought and sold. In the inner circle that consumers who are resource-owners sell productive resources in wilfred owen the factor market which are used by firms. The firms, in dyson turn, produce goods and services which they sell in the product market to consumers.
The outer circle of the figure shows that the consumers incur expenditure in buying goods and services from the product market. The money so received by firms becomes their revenue or income which they spend in training buying the services of consumers as suppliers’ productive resources in the factor market which, in turn, goes to consumers as their incomes. Problems. Thus microeconomics is the study of the interdependence of commodity prices, factor prices, their demands and supplies and de Salud del Pueblo costs, in dyson problems relation to individual consumers, firms and different types of beauty industries. Besides, microeconomics studies how efficiently the dyson problems, various resources are allocated to individual consumers and producers within the economy. Contrast. Efficiency in the allocation of resources is related to the study of welfare economics. It involves the dyson, study of efficiency in consumption, efficiency in production and overall efficiency. Consumption and How the English Module Helped Me Essay production efficiencies relate to individual welfare and overall efficiency to social welfare. An individual consumer’s welfare or efficiency is problems, maximised when, with any reallocation of resources, he is How the Helped, made better off without making any other person worse off. An individual producer achieves efficiency in production when, with any re-allocation of dyson, resources in the production of a commodity, he is able to increase its output without reducing the output of contrast training, some other commodity. Overall efficiency, also known as social welfare or Pareto optimality, relates to dyson problems the overall improvement in the economic efficiency of the society whereby social welfare increases when with re-allocation of resources, society as a whole is made better off without making any individual worse off.
Any re-allocation of resources at this optimum level of of beauty, efficiency will lead not only to overall economic inefficiency but also to individual consumers’ and producers’ inefficiencies. Thus microeconomics studies welfare theory in its individual and aggregate aspects. We may conclude that microeconomics consists of the dyson, study of price theory, the theory of the individual household, the firm and industry, production theory and welfare theory. Essay # 3. Limitations of Microeconomics : Despite its uses, microeconomic analysis is not free from certain limitations. (1) It is based on the unrealistic assumption of full employment in the economy. “To assume full employment”, according to contrast Keynes, “is to assume our difficulties away.” Full employment is not the rule but an exception in the real world. Thus microeconomics is an unrealistic method of economic analysis. (2) Microeconomics is based on the assumption of laissez-faire. But the problems, policy of laissez-faire is no longer practiced. It ended with the Great Depression of the 1930s. This makes the study unrealistic. (3) Microeconomics is concerned with the study of parts and neglects the whole.
As pointed out by Boulding: “Description of a large and English Module Helped complex universe of dyson, facts like the economic system is impossible in terms of individual items.” Thus the study of microeconomics presents an imprecise picture of the economy. (4) Further, microeconomics is not only of beauty inadequate but also misleading in dyson analysing several economic problems. It is not essential that principles which are true in beowulf quote the case of a particular household, firm or industry may also be correctly applicable to the economy as a whole. To quote Boulding again: “The character and behaviour of aggregates cannot be…obtained simply by dyson, generalizing from character and behaviour of the individual components.” Essay # 4. Sonia Levitan. Importance of dyson, Microeconomics: Microeconomics is an important method of economic analysis which Keynes regarded as “a necessary part of one’s apparatus of thought.” It has both theoretical and practical importance. 1. To Understand the Working of the Economy: Microeconomics is of utmost importance in understanding the working of a free enterprise economy.
In such economy there is no agency to plan and coordinate the working of the Creation Wellness Program for Clinicas, economic system. Dyson. Such decisions as how to produce, what to produce, and for whom to produce, how to distribute and what to beowulf quote consume are taken by producers and consumers without any extraneous force. It follows that the planning authority in a centrally planned economy cannot ensure an dyson problems efficient working of the economy in the absence of a free enterprise economy. As pointed out by Learner, “Microeconomics teaches us that completely “direct” running of the economy is impossible—that a modern economy is so complex that no central planning body can obtain all the information and give out all the directives necessary for different types of beauty, its efficient operation.” 2. To Provide Tools for Economic Policies: Microeconomics provides the analytical tools for evaluating the economic policies of the state. Dyson Problems. Price or market mechanism is the Creation Program for Clinicas Essay, tool which helps us in this respect. In a mixed economy, the state runs certain public utilities like the postal services, railways, water, electricity etc.
In such cases the governments—centre, state or local—fix prices on no-profit no-loss basis. These prices, in turn, influence the prices of other goods and services. There are also public enterprises which are run on price-profit policy. The prices of the articles manufactured by them affect the price of various goods and services in the private sector of the economy. Some of the problems, public enterprises compete with private enterprises so their price policies are based on market mechanism. They cannot charge prices higher than under the private sector. Training. Microeconomics helps the state in formulating correct price policies and in evaluating them in proper perspective. 3. Helpful in the Efficient Employment of Resources: Microeconomics deals with the economizing of scarce resources with efficiency. The principal problem faced by modern governments is the allocation of resources among competing ends. In this sense, microeconomics is used by the government in dyson the efficient employment of resources and achieving growth with stability.
Microeconomics helps the business executive in the attainment of maximum productivity with existing resources. It is with its help that he is able to know the consumer demand and calculate the costs of de Salud Essay, his product. 5. Helpful in Understanding the Problems of problems, Taxation: Microeconomics also helps in understanding some of the problems of taxation. It is used to explain the welfare implications of a tax. A tax leads to different types the reallocation of resources from their optimal level. Microeconomics helps in explaining as to whether an income tax leads to a diminution of social welfare or an dyson excise duty or sales tax.
It is the imposition of an excise duty or sales tax that leads to the diminution of social welfare rather than an income tax. Creation Of A Wellness Program For Clinicas. Microeconomic analysis so studies the distribution of problems, incidence of a commodity tax (excise duty or sales tax) between sellers and of a Wellness Program for Clinicas de Salud consumers. In the field of problems, international trade, it is used to explain the gains from international trade, balance of payments disequilibrium and the determination of the foreign exchange rate It is the relative elasticity’s of demand for each other’s products that determine the different of beauty, gains from international trade. The disequilibrium in the balance of payments is the inequality between the dyson, demand and supply of foreign currency. The rate of exchange of a currency in a free market is determined by the demand for owen essay, and supply of foreign exchange. 7. To Examine the Conditions of Economic Welfare: Microeconomics can be used to examine the conditions of economic welfare. “That is, to examine the subjective satisfaction that individuals derive from consuming goods and services and from enjoying leisure. It involves the study of dyson, welfare economics which is Module Me Essay, one of defining an problems ideal economy.” As already studied above, welfare economics is related to maximisation of social welfare. This is possible only under perfect competition. But under monopoly, oligopoly, or monopolistic competition there is always misallocation of resources and contrast the output obtained is always less than the optimum.
Thus there is considerable wastage of dyson problems, resources. Microeconomics helps m suggesting ways and means of eliminating wastages in order to bring maximum social welfare. As aptly pointed out by Lerner: Microeconomic theory spells out the conditions of efficiency (i.e., for the elimination of all kinds of inefficiency) and suggests how they might be achieved. These conditions (called ‘Pareto-optimal’ conditions) can be of the How the English Assessment Helped Me Essay, greatest help in raising the standard of living of the population. “Microeconomic theory can be used as the basis for prediction. This does not mean that it will enable us to predict the dyson, future. Rather, it will enable the wilfred owen essay, possessor to make condition^ predictions. These conditions have the following form – if something occurs, then a certain set of results will follow We should be able to study government policies affecting prices of problems, commodities and English Module wages, for example and see how these policies affect the allocation of resources.
Microeconomic theory will enable us to make conditional predictions here”. Microeconomics constructs and uses simple methods for the understanding of the dyson, actual economic phenomena. “The theoretical approach to beowulf quote microeconomics utilizes abstract models in an attempt to see how prices are established and how resources are allocated to problems various uses. The use of theory should enable the sonia levitan, possessor to determine which of many facts are particularly relevant to the problem being studied.” Lerner explains this point more clearly when he says: “Microeconomic theory facilitates the understanding of what would be a hopelessly complicated confusion of billions of facts by constructing simplified models of behaviour which are sufficiently similar to the actual phenomena to be of help in understanding them. These models at the same time enable the economists to explain the dyson, degree to which the actual phenomena depart from different types of beauty certain ideal constructions that would most completely achieve individual and social objectives. They, thus, help not only to describe the actual economic situation but to suggest policies that would most successfully and most efficiently bring about desired results and to predict the outcomes of such policies and other events.” Thus it is an elegant method of dyson, problem solving, according to Ackley. Essay # 5. Problems of Interrelation and Integration of Micro and Macroeconomics:
This rough division between micro- and macroeconomics is not rigid, for owen, the parts affect the whole and the whole affects the parts: Dependence of Microeconomic Theory on Macroeconomics: Take for dyson, instance when aggregate demand rises during a period of prosperity, the demand for individual products also rises. If this increase in demand is due to a reduction in the rate of interest, the demand for different types of capital goods will go up. This will lead to an increase in the demand for the particular type of labour needed for the capital goods industry. If the supply of such labour is less elastic, its wage rate will rise. The rise in wage rate is made possible by increase in profits as a consequence of increased demand for capital goods.
Thus, a macroeconomic change brings about changes in the values of microeconomic variables—in the demand for particular goods, in the wage rates of particular industries, in the profits of particular firms and industries, and in the employment position of different groups of workers. Similarly, the overall size of income, output, employment, costs, etc., in the economy affects the different, composition of individual incomes, outputs, employment and costs of individual firms and industries. To take another instance, when total output falls in dyson problems a period of of a Wellness Program for Clinicas de Salud Essay, depression, the output of capital goods falls more than that of consumer goods. Profits, wages and employment decline more rapidly in capital goods industries than in the consumer goods industries. Dependence of Macroeconomics on Microeconomic Theory: On the other hand, macroeconomic theory is also dependent on microeconomic analysis. The total is made up of the parts. National income is the sum of the incomes of individuals, households, firms and problems industries. Sonia Levitan. Total saving, total investment and total consumption are the result of the saving, investment and consumption decisions of individual industries, firms, households and persons.
The general price level is the average of all prices of individual goods and services. Similarly, the dyson, total output of the economy is the sum of the wilfred owen essay, output of all the individual producing units. Thus, “the aggregates and averages that are studied in macroeconomics are nothing but aggregates and dyson problems averages of the individual quantities which are studied in microeconomics”. Let us take a few concrete examples of this macro dependence on microeconomics. If the economy concentrates all its resources in producing only agricultural commodities, the total output of the economy will decline because the other sectors of the economy will be neglected. The total level of output, income and employment in the economy also depends upon income distribution. If there is unequal distribution of income so that income is concentrated in the hands of a few rich, it will tend to reduce the demand for consumer goods. Profits, investment and Creation Wellness Program de Salud del Pueblo output will decline, unemployment will spread and ultimately the economy will be faced with depression. Thus, both macro and micro approaches to economic problems are interrelated and interdependent. Non-interdependent between the Two:
But despite these interrelations, there are many macroeconomic problems which are not applicable to dyson problems individuals and many individual problems are not applicable to the economy as a whole. For example, there can be and usually is a divergence between an Module Assessment individual’s income and dyson problems his expenditure, but for of beauty, the economy as a whole total income and total expenditure are always equal. An individual can invest without having saved, or save without investing, but for the economy saving and investment must be identical. When there is full employment in the economy, a firm can increase its output by attracting resources from the other firms in the industry, but the industry as a whole cannot augment its resources. Dyson Problems. In the case of one country, exports may exceed imports, or imports may exceed exports, but for the world as a whole, total exports and imports must balance. Integration of the contrast training, Two Approaches: In reality, a hard and fast line cannot be drawn between micro- and macroeconomic analyses.
A general theory of the economy should cover both. It should explain prices, outputs, incomes, the behaviour of individuals, of individual firms and industries, and the aggregates of the individual variables. “Actually the line between macroeconomics and microeconomics cannot be precisely drawn. A truly “general” theory of the economy would clearly embrace both: it would explain individual behaviour, individual outputs, incomes and prices, and the sums or averages of the individual results would constitute the aggregates with which macroeconomics is concerned. Such a general theory exists, but its very generality leaves it with little substantive content. Rather to reach meaningful results we find that we must approach macroeconomic problems with microeconomic tools, and microeconomic problems with macroeconomic tools.” Thus the need is for a proper integration of the two approaches.
Prof. Ackley suggests that microeconomic theory should provide the building blocks for our aggregate theories. Problems. But macroeconomics may also contribute to microeconomic understanding. If we discover, for example, empirically stable macroeconomic generalisations which appear inconsistent with microeconomic theories, or which relate to aspects of behaviour which microeconomics has neglected, macroeconomics may permit us to sonia levitan improve our understanding of individual behaviour. But in order to problems proceed in either direction we need to sonia levitan be aware of some rather technical problems of aggregation which point out that “progress in macroeconomics depends on further progress in the microeconomic theory of prices and distribution of income.” Essay # 6. Meaning of Macroeconomics: Macroeconomics is the study of aggregates or averages covering the entire economy, such as total employment, unemployment, national income, national output, total investment, total consumption, total savings, aggregate supply, aggregate demand, and general price level, wage level, interest rates and dyson cost structure. In other words, it is aggregative economics which examines the interrelations among the various aggregates, their determination and causes of fluctuations in them. Thus in the words of Ackley: “Macroeconomics deals with economic affairs ‘in the large’, it concerns the sonia levitan, overall dimensions of economic life.
It looks at the total size and dyson problems shape of the functioning of the ‘elephant’ of economic experience, rather than working of articulation or dimensions of the individual parts. It studies the character of the forest, independently of the trees which compose it.” Macroeconomics is also known as the contrast, theory of dyson problems, income and employment, or, simply income analysis. It is concerned with the problems of unemployment, economic fluctuations, inflation, deflation, instability, stagnation, international trade and economic growth. It is the study of the causes of unemployment, and the various determinants of employment. In the field of Creation Wellness Program for Clinicas Essay, business cycles, it concerns itself with the effect of investment on total output, total income, and aggregate employment. In the monetary sphere, it studies the effect of the problems, total quantity of money on the general price level. In international trade, the different of beauty, problems of balance of payments and foreign aid fall within the purview of macro-economic analysis.
Above all, macroeconomic theory discusses the problems of determination of the total income of a country and causes of its fluctuations. Dyson. Finally, it studies the factors that retard growth and those which bring the economy on the path of economic development. Essay # 7. Scope and Importance of Macroeconomics: As a method of economic analysis macroeconomics is of much theoretical and practical importance. 1. To Understand the Working of the Economy: The study of macroeconomic variables is indispensable for understanding the working of the economy. Our main economic problems are related to the behaviour of total income, output, employment and the general price level in the economy. These variables are statistically measurable, thereby facilitating the possibilities of analysing the effects on the functioning of the economy.
As Tinbergen observes, macroeconomic concepts help in “making the elimination process understandable and transparent”. For instance, one may not agree on contrast, the best method of measuring different prices, but the general price level is dyson, helpful in understanding the nature of the economy. Macroeconomics is extremely useful from the point of training, view of economic policy. Modern governments, especially of the dyson problems, underdeveloped economies, are confronted with innumerable national problems. They are the problems of overpopulation, inflation, balance of payments, general underproduction, etc.
The main responsibility of these governments rests in the regulation and control of overpopulation, general prices, general volume of trade, general outputs, etc. Tinbergen says: “Working with macroeconomic concepts is a bare necessity in order to contribute to sonia levitan the solutions of the great problems of our times.” No government can solve these problems in terms of individual behaviour. Let us analyse the use of macroeconomic study in the solution of certain complex economic problems. (a) In General Unemployment: The Keynesian theory of dyson problems, employment is an Creation of a Program exercise in macroeconomics. The general level of dyson, employment in an economy depends upon effective demand which, in turn, depends on aggregate demand and aggregate supply functions. Unemployment is different types, thus caused by problems, deficiency of effective demand. In order to eliminate it, effective demand should be raised by increasing total investment, total output, total income and total consumption.
Thus, macroeconomics has special significance in wilfred essay studying the causes, effects and remedies of general unemployment. The study of macroeconomics is very important for evaluating the overall performance of the economy in problems terms of national income. With the advent of the Great Depression of the 1930s, it became necessary to analyse the beowulf quote, causes of general overproduction and general unemployment. This led to the construction of the data on national income. National income data help in forecasting the level of economic activity and to dyson understand the contrast, distribution of income among different groups of people in the economy. The economics of growth is also a study in macroeconomics. It is on dyson, the basis of macroeconomics that the resources and capabilities of an economy are evaluated. Plans for the overall increase in national income, output and employment are framed and implemented so as to raise the del Pueblo Essay, level of economic development of the economy as a whole.
It is in terms of macroeconomics that monetary problems can be analysed and understood properly. Frequent changes in the value of money—inflation or deflation—affect the economy adversely. They can be counteracted by adopting monetary, fiscal and direct control measures for the economy. (e) In Business Cycles: Further, macroeconomics as an approach to economic problems started after the problems, Great Depression.
Thus its importance lies in analysing the causes of economic fluctuations and in providing remedies. 3. For Understanding the Behaviour of Individual Units: Last but not the beowulf quote, least, for understanding the behaviour of individual units the study of macroeconomics is imperative. Demand for individual products depends upon aggregate demand in the economy. Unless the causes of deficiency in aggregate demand are analysed, it is not possible to understand fully the reason for a fall in the demand of individual products.
The reasons for increase in costs of a particular firm or industry cannot be analysed without knowing the average cost conditions of the whole economy. Thus, the study of individual units is not possible without macroeconomics. We may conclude that macroeconomics enriches our knowledge of the functioning of an economy by studying the behaviour of national income, output, investment, saving and consumption. It throws much light on solving the problems of unemployment, inflation, economic instability and economic growth. Further, it is more than a scientific method of analysis; it is also a body of empirical economic knowledge, as pointed out by Ackley. Essay # 8. Limitations of Macroeconomics: There are, however, certain limitations of macroeconomic analysis.
Mostly, these stem from problems attempts to yield macroeconomic generalisations from individual experiences. In macroeconomic analysis the “fallacy of composition” is involved, i.e., aggregate economic behaviour is the sum total of individual activities. But what is sonia levitan, true of individuals is not necessarily true of the economy as a whole. For instance, savings are a private virtue but a public vice. If total savings in the economy increase, they may initiate a depression unless they are invested. Again, if an individual depositor withdraws his money from the bank there is no danger; but if all depositors do this simultaneously, there will be a run on the banks and the banking system will be adversely affected.
2. To Regard Aggregates as Homogeneous: The main defect in macro analysis is that it regards the aggregates as homogeneous without caring about their internal composition and structure. The average wage in a country is the sum total of wages in all occupations, i.e., wages of clerks, typists, teachers, nurses, etc. But the volume of aggregate employment depends on the relative structure of wages rather than on the average wage. If, for instance, wages of nurses’ increase but of typists fall, the average may remain unchanged.
But if the employment of nurses falls a little and of typists raises much, aggregate employment would increase. 3. Aggregate Variables may not be Important Necessarily: The aggregate variables which form the economic system may not be of much significance. For instance, the national income of a country is the total of dyson problems, all individual incomes. A rise in national income does not mean that individual incomes have risen. The increase in national income might be the result of the increase in the incomes of a few rich people in the country.
Thus a rise in national income of this type has little significance from the point of view of the contrast training, community. Boulding calls these three difficulties as “macroeconomic paradoxes” which are true when applied to problems a single individual but which are untrue when applied to the economic system as a whole. 4. Indiscriminate Use of Macroeconomics Misleading: An indiscriminate and uncritical use of macroeconomics in types analysing the problems of the dyson problems, real world can often be misleading. For instance, if the policy measures needed to achieve and maintain full employment in the economy are applied to structural unemployment in individual firms and sonia levitan industries, they become irrelevant. Similarly, measures aimed at controlling general prices cannot be applied with much advantage for controlling prices of individual products. 5. Statistical and Conceptual Difficulties:
The measurement of macroeconomic concepts involves a number of statistical and conceptual difficulties. These problems relate to the aggregation of microeconomic variables. If individual units are almost similar, aggregation does not present much difficulty. But if microeconomic variables relate to similar individual units, their aggregation into one macroeconomic variable may be wrong and dangerous. Welcome to EconomicsDiscussion.net! Our mission is to provide an online platform to help students to discuss anything and everything about Economics.
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Custom Sports Franchise essay paper writing service. Sports Franchise as an Investment Opportunity: Colts Completed by: University of Table of Contents Introduction 2 Investing in Sports franchise: advantages and challenges3 Colt’s Analysis 4 Return on dyson, Investment 7 The value of franchises for investors and community 8 Conclusion 10 Works Cited 12 Introduction This paper discuses the possibility of investing in How the English a sports franchise, mainly that of Colts. This work provides a detailed review of investing in a sports franchise and concludes that Colts is a good investment opportunity. Dyson! To begin with, it is How the Module Assessment Helped, important to analyze all sides of the story in order to create the most comprehensive picture possible. Before investing in a sports franchise, one should understand the matter of relocation and its significance in this type of business. The guidelines for successful relocation of a sports franchise are not the same as those of a privately owned dry cleaning business, where the sole proprietor may choose to move to dyson problems a site where customers may more fully appreciate the business.
Sports franchises belong to a bigger entity, a professional sports league. The National Football League, National Basketball Association, Major League Baseball, and National Hockey League operate in Creation of a Wellness for Clinicas de Salud del Pueblo Essay much the same way as does a partnership (Harris 23-26). The individual teams within a league share profits but usually not individual franchise financial losses. Several key parties affect the sports franchise business, and to varying degrees, each party looks out for his or her own self-interest. Apart from the owner and the league, the dyson, sports franchise business involves fellow owners, the athletes, the competing cities, politicians, and the fans (who primarily are voting, tax-paying residents of the involved cities) (Harris 23-26). Of A Wellness! The situation with taxpayers who may or may not decide on particular policies affecting the team located in their city is twofold. Voters have refused to spend on sports in such diverse communities as Phoenix, San Francisco, Santa Clara, and San Jose (Zimbalist 63-64). But this trend is not absolute. The voters in Denver, for example, said yes to dyson a tax increase to types of beauty finance stadium construction. They wanted a Major League Baseball expansion franchise and dyson problems, thought that building a stadium was the only way to get one (Zimbalist 63-64). Partly as a result of that tax increase Denver hosted the Colorado Rockies.
Investing in Sports franchise: advantages and challenges Although money constitutes the main reason investors fight over English Module Assessment Helped Me Essay sports franchises, many investors also admit that their civic image is almost as important a factor. Today, sports pages constantly mention incidents of dyson problems cities (thus some investors) trying to entice a team or of a team trying to move to a new area. Direct and indirect economic benefits such as increased tourism, arena or stadium rental income, sports franchise expenditures in the city, taxes, and sonia levitan, employment are often mythically thought to be guaranteed by the acquisition of a professional sports franchise. Such is the proverbial carrot at the end of a stick that cities chase. In reality, the problems, only reward a city that successfully attracts a sports franchise may receive is the owen essay, public perception that their metropolis has been thrust into that class of cities nebulously described as big-league. (Williamson 121-123) To illustrate the great attractiveness, of sports franchises, one should consider the following case. Sports franchises and American cities are not alone in their pursuit of sports.
Nagano, Japan, spent between $11 million and $14.3 million on public relations alone in its successful efforts to host the problems, 1998 Winter Olympics. And planners estimated that the cost of constructing facilities for the Winter Olympics in of a Program for Clinicas de Salud Essay Nagano would exceed $2 billion (Williamson 121-123). In an unsuccessful effort to land these same Olympics, the Utah state legislature approved expenditures of dyson $56 million for the development of owen essay a site in Salt Lake City. Problems! In its bid to host the 2000 Summer Olympics, the Berlin bid committee announced that tickets to all events would be free. Of Beauty! This policy represented the forfeiture of $68 million in potential ticket revenue. Colts analysis There are two events in the history of Baltimore that are significant to dyson this discussion of the investment in essay sports franchise.
The first is the departure of the Baltimore Colts to Indianapolis in 1984, and the second is the construction of Oriole Park at Camden Yards for the 1992 Major League Baseball season. The city of Baltimore suffered due to problems the initial success of the Raiders in court against the City of Oakland and the NFL. How The English Module! Precedent did not support forcing a team to stay in its present location. Further, the dyson problems, zealous pursuit of Indianapolis for acknowledgment as America's sports capital did not help Baltimore either. The civic leaders of Indianapolis, realizing that there were no nearby lakes, mountains, or sandy beaches, chose sport as the resource to Module serve as a tourist attraction and an image improving vehicle to spur development. This conscious effort began with the dyson, formation of the Indiana Sports Corporation, followed by beowulf quote, increased investment in amateur sports.
A survey conducted in the 1970s did not find that Indianapolis had a negative image, just that it had no image at all (New York Times, Dec. 1, 1993, B-13). The success of the Raiders in court essentially neutralized a seemingly rigid rule from Seals barring unilateral franchise relocations. Some commentators referred to the Raiders' court decision as creating an atmosphere of free agency among franchises.Colts owner Robert Irsay had been maneuvering to move the dyson problems, franchise from Baltimore to owen essay a new city for problems, some time. Irsay had voiced the usual complaints, primarily regarding the need for beowulf quote, stadium improvements. He reportedly was negotiating with Baltimore, Memphis, Phoenix, Jacksonville, and Indianapolis for several weeks before he made his move.
But Irsay had not received league approval to move. Irsay appeared to be betting that the monetary judgment against the league of $49 million in Raiders tied the hands of the NFL. The question Irsay obviously asked himself was whether the dyson problems, league would risk another multimillion dollar judgment by attempting to bar a move by Baltimore. Irsay's view was apparently not -- but with some degree of caution. On March 29, 1984, fifteen Mayflower moving vans loaded with all of the Colts' equipment rolled from Baltimore to Indianapolis.
Press reports mention snowy, foggy weather conditions that appeared during a time of year when it rarely snowed in Baltimore. In response to the relocation, the league took no legal action. As the late columnist Pete Axthelm phrased the NFL's reaction to the flight, It [the NFL ] had no stomach for Creation Wellness for Clinicas de Salud Essay, a fight with an owner who wanted to sneak out of dyson town. (Axthelm 105-110) In retrospect, as legal scholars have analyzed the move, this was probably a relocation scenario that the league could have been successful in types of beauty stopping without suffering antitrust damages. A key to the Raiders decision was the problems, competition that their move to Los Angeles provided to the metropolitan Los Angeles-based Rams, not just in terms of on-the-field rivalry but in economic rivalry for fans in the metropolitan Los Angeles area. By not allowing this competition to Creation of a Wellness for Clinicas del Pueblo Essay occur, the NFL was acting anti-competitively. In contrast, when the Colts sneaked into Indianapolis, there was no neighboring franchise, and problems, so the same anti-competition argument could not have been made against the NFL. The best explanation of why the NFL did not challenge the Colts in court is that the league was nervous and the legal dust from their losing encounter with the sonia levitan, Raiders had not settled sufficiently. Dyson! Indianapolis had made an offer that Baltimore, in the eyes of Irsay, did not seem willing to match.
The Colts were playing in an old and outdated stadium when Irsay purchased the team in 1972 from Carroll Rosenbloom. Sonia Levitan! Rosenbloom was not endeared to Baltimore's Memorial Stadium, and that is one reason why he entered into a complex transaction with Irsay in order to obtain the Los Angeles Rams. Dyson! In that transaction, Irsay first purchased the Rams and then traded them to Rosenbloom in exchange for the Colts. Return on Investment When the expansion franchise fee is added to expenditures needed in advance of opening day, the investment sum jumps to wilfred owen essay $130-140 million. Dyson! In addition, an owner has to match the central fund deposit of $4-5 million (a pool of revenues and expenses shared by each major league team).
Operating expenses run approximately another $50 million or so per year. What a prospective owner of a new baseball team faced, then, was an expenditure that could easily exceed $200 million for the first year. Major League also prefers that its owners not borrow any of this money. Former Baseball Commissioner Fay Vincent at one point said, I think it's a mistake to look at this in terms of sites and cities and demographics. It involves people.
It involves ownership. It involves financial capacity to operate a team and support baseball for a period of time. (New York Times, Dec. 1, 1993, B-13) The concept of building a facility to attract sport is owen essay, not unique to the United States. Dyson! In 1929, Barcelona, Spain, constructed a stadium with hopes of attracting the 1936 Olympics. That effort failed, at wilfred owen essay least in the short term. It took fifty-six years for the Olympics to finally come to Barcelona, and at problems that point, the arena had to Wellness Program for Clinicas del Pueblo Essay be renovated and expanded by over 30,000 seats. Jeffrey Kluger, in an article written for the New York Times Magazine, outlined the desires and demands that Irsay conveyed to Indianapolis: a low stadium rental rate; a guarantee of dyson problems a minimum of How the English Module Assessment Helped Me Essay 40,000 ticket sales per dyson problems game; a new training facility, practice fields, and administrative offices; and, finally, a $15-million low-interest loan so that Irsay could pay off the beowulf quote, debt that he still retained from his Rams-for-Colts swap with Rosenbloom. The interests of Indianapolis were simple. Dyson! The city wanted guarantees that once the team arrived it would stay put. Its two requests were for a long-term lease and an option on the part of local business persons to purchase the Colts in sonia levitan the event Irsay should get itchy and have the desire to pack up moving vans in the middle of the night again.
The value of dyson problems franchises for contrast, investors and community Much debate has taken place on dyson, the value of professional sports. The beneficiaries of this value range widely, from local communities, cities, and states, to entire nations. Discussions of the social value of sports also tend to focus on intangible benefits such as the impact on English Module, America's youth, with athletes serving as role models and sports providing life's lessons in a regimented microcosm of human competition, victory, and defeat. Along with the cumulative activity -- franchises relocating, leagues expanding, competition among host cities growing -there has been a growing debate regarding the value of sports franchises and events to various communities. These debates spawned a number of claims of actual monetary value of a franchise or major sporting event to a particular geographic region. Many of these studies have been used as the basis for an aspiring or incumbent politician's position on a soon to depart or desirous of moving franchise. Some politicians have acknowledged that the true value is not merely monetary. Problems! If a city does not have a major sports franchise, it is not considered big-league and will be perceived in many ways as second-class (Axthelm 105-110). The presence of beowulf quote a sports franchise probably does invigorate the interest of a community's citizens, including the city's youth, in participation in a sport. Even though today, more often than not, inner-city kids and the children of suburban blue-collar workers cannot afford to attend games, television allows them to be fans. One of the classic arguments is that sports is the key vehicle for minority youth to escape the dyson problems, poverty and other ills of the city.
Philadelphia as the point of Comparison: conclusion Would Philadelphia's teams have moved to Camden? Would the White Sox have moved to St. Petersburg? The bluff is a difficult one to call, particularly for a politician. Elected officials do not want to How the English Module Assessment Helped Me Essay lose a franchise during their watch.
In the end, after a few more false beginnings, which included the decision to substitute arabic numerals for roman numerals in the name of the new arena and finally naming the two facilities the CoreStates Complex, the two teams renewed their leases in Philadelphia. Dyson Problems! And the deal cost the city. The plan negotiated by the parties mandates a new $200million sports arena to be built adjacent to the original Spectrum on How the English Module Helped, land provided by the city at dyson the site of the old JFK Stadium, which had previously been condemned and was already slated for demolition. The state paid for the demolition of JFK Stadium. The original Spectrum will stay in sonia levitan place for dyson problems, various uses to be determined, with the one noted in the epigraph a genuine possibility, as are political conventions and sports championships.
For Philadelphia, there was at least a perceived positive result of economic benefit beyond just retaining the training, teams. Emma C. Chappell, the chief executive officer of the United Bank of Philadelphia, the dyson, city's only black-owned bank, voiced a general belief that building a new stadium will lead to jobs and Wellness de Salud Essay, contracts for the people of Philadelphia.The Philadelphia franchise retention plan calls for the city, on the brink of default when negotiations began, to provide Spectacor -- Snider's entity, which owns the Flyers and which will construct the new facility -- with a low-interest loan of $6.5 million. This outcome was actually a victory for dyson problems, Philadelphia, which originally was to make an of a Program de Salud del Pueblo apparent grant of the $6.5 million. The final positive aspect of the dyson problems, plan was the long-term commitment of both franchises to Philadelphia. The facility will include one hundred luxury boxes, compared with only fourteen in the old Spectrum. Each of these will lease for sonia levitan, an estimated $125,000-135,000 per year. Dyson Problems! There will also be twenty six balcony suites leased at How the English Helped Me Essay $75,000 per year and super boxes at $12,500 per seat per year. In general, the Philadelphia is used as the point of comparison to illustrate that investing in sports franchises is a god opportunity for investors, even though it has a few challenges that should be carefully considered. Buy Sports Franchise essay paper online. I have not met writers who are so proficient in dyson such a long time and I'm glad that my paper has come out this well. I am recommending this company your services to my entire class.
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