Huxley on Happiness and Comfort Essay Example | Topics and Well Written Essays - 1000 words

Huxley on Happiness and Comfort - Essay Example Soma is a one-dimensional euphoriant. It offers ascend to just a shallow, unempathetic and mentally uninteresting prosperity. Clearly, taking soma doesn't give Bernard Marx, the irritated rest learning expert, in excess of a quick fix. The medication is supposed to be superior to indiscriminate sex - the main sex valiant new worlders practice. Huxley infers that by canceling awfulness and mental agony, the daring new worlders have freed of the most significant and wonderful encounters that life can offer too. The away from of Brave New World is that any sort of medication conveyed joy is bogus or inauthentic. State-of-the-art existence is a perfect world considered based on species-personal circumstance taking on the appearance of a widespread heaven. Social delineation is regulated in a five-manner hereditary split. There is no social portability. Alphas perpetually rule, Epsilons constantly work. Huxley' Brave New World doesn't empower sentimental love while they are adapted to be explicitly wanton; as such everybody has a place with every other person. [www.huxley.net] In Current Issues and Enduring Questions, Sylvan Barnet in his Chapter 31 has introduced a concise review about joy and musings of different specialists identifying with bliss. Bliss, in days of yore named as eudaimonia by the Greeks was bought in to a specific kind of eudaimonism wherein the idea of goodness is focal in spite of the contrast between Socrates, Plato, Aristotle and the Stoics. [Juha Sihvola, 1] Epictetus has worried to win bliss by wanting for the beneficial things among those that are genuinely our own, i.e., in our capacity, and not to want for things that are not really in our capacity. Contrasted with the beneficial things in our capacity, things that a great many people take to be acceptable yet are not in their capacity are unconcerned. The most brief explanation on Epictetus perspective on the most ideal condition for a person to be in is: Don't look to have occasions occur as you need them to, yet rather need them to occur as they do occur, and your life will work out in a good way. [www.echeat.com] S. Barnet has worried to live a glad and singular, normal life and bite the dust alone, as referenced in the keep going verse of Ode on Solitude by Alexander Pope. Further he has likewise expressed the solid message taken from Rubaiyat of Oman Khayyam which tells that each kid who read the Koran or studies the customs in his essence would without a doubt achieve respect and happiness.[Sylvan Barnet and Hugo Bedau] Bertrand Russell conviction that the accomplishment of an excursion relies upon information on the goal, that satisfaction isn't a fantasy of the psyche, that there is nothing of the sort as impeccable joy, that bliss is subject to a blend of inner and outside causes, that dread frustrates easy street and that consideration is an air towards helping other people.[www.findarticles.in] From the Alice James perspective, even riches or being conceived in a profoundly mentally family or even the best sumptuous living can't give ensured joy. In From the Diary of Alice James, Alice James composed that she discovered her solitary satisfaction in type of warmth got from Katherine, her steady friend and her sibling Henry who visited day by day. [Frank Albrecht] The Dalai Lama cited that there is an unequivocal, similar

Gender Role Essay Example | Topics and Well Written Essays - 750 words

Sex Role - Essay Example Bondage is horrible for men; however it is undeniably progressively horrendous for ladies (Jacobs, 2003). Through the character of Linda, Harriet Jacobs delineates that ladies sexual maltreatment and physical savagery are the principle types of embarrassment and persecution. Sexual maltreatment of a slave lady is the statement of male's capacity and strength of the proprietor. Jacobs depicts that socially slave ladies are utilized to be mistreated. They reserve no privileges to secure their poise and opportunity used to social standards followed by ages. In any case, I do sincerely want to stir the ladies of the North to an acknowledging feeling of the state of two a great many ladies at the South, still in servitude, enduring what I endured, and a large portion of them far more terrible (Jacobs, 2003). Like Jacobs, Frederick Douglass examines the job of sex in the public arena and its effect on relations between a slave and proprietor. Sex jobs in 'Story of the Life of Frederick Douglass' shape not just how individuals distinguish themselves and view the world yet in addition how others recognize and identify with them and how they are situated inside society. Slaveholders have appointed, and by law set up, that the offspring of slave ladies will in all cases follow the state of their moms (Douglass, 1997). The two Jacobs and Douglass depict that ladies are generally connected with childbearing, kid raising, enthusiastic caretaking, and duty regarding the physical support of the family. Interestingly, men are related with the exercises of compensation work, physical ability, scholarly accomplishments, and political office. Slaveholders pride themselves after being good men; however if you somehow managed to hear the huge falsehoods they tell their slaves, you would have little rega rd for their veracity (Douglass, 1997).This sexual orientation marking is solid to such an extent that in any event, when ladies work, they commonly do as such in zones viewed as ladies' work. Additionally, Ladies are considered of no worth, except if they persistently increment their proprietor's stock. They are put on a standard with creatures (Jacobs, 2003). Work markets are subsequently isolated evenly by sex, with ladies and men separated in word related jobs. Predominance of men adds animosity and brutality to social measurements and qualities. The two stories under investigation depict manly social orders. Manliness portrays a general public wherein men are relied upon to be self-assured, serious, and worried about material achievement, and ladies satisfy the job of nurturer and are worried about issues, for example, the government assistance of kids. Absence of regard towards ladies brings about standards and qualities which reflect sexual orientation jobs. It implies that men play a prevailing situation as attendants of conventions and clients rather than ladies who play out a proliferation work as it were. Jacobs depicts that even free ladies experience the ill effects of male persecution and low social jobs. Mrs. Rock, in the same way as other southern ladies, was absolutely lacking in vitality. She had not solidarity to manage her family issues (Jacobs, 2003). Jacobs decided to expound on sexual orientation jobs confronted with extraordinary brutality and abuse during her young years. She underlines that psychological mistreatment is socially acknowledged type of brutality. The outcome of psychological mistreatment is that it causes the best pain brought about selling out of trust and obligation included. Douglass expounds on sexual orientation jobs

Marketing Management Essay

Official Summary Imagine a scenario in which I revealed to you that you can get sharp dress and extras and the main catch was that you need to take care of your personal business. On the off chance that you said truly, at that point Jenny’s Closet Party is the dynamic response for you. Jenny’s Closet Party LLC is planned in light of you, by making a definitive â€Å"Girls Night Out† experience, consolidating style, food, and fun while blending among companions. Extraordinarily trading starting with one fashionista’s storage room then onto the next and the rest of the things are given to a neighborhood noble cause. Sounds the ideal win-win situation right? Jenny’s Closet Party, â€Å"A extraordinary reason to clear out your closet†. Initial Step: Upon receipt of a greeting or recovery of flyer, explicit subtleties will be featured with respect to a subject, what things are being mentioned, cutoff time for dropping of your things and furthermore what you ought to anticipate the day of the occasion. Experience your wardrobe and discover pieces of clothing or embellishments that you might want to trade. The things must be in style, of good quality and condition. A portion of the classifications (contingent upon subject) may include: garments, shoes, hoops, scarfs, coats and so on. Second Step: Bring the things to the Donation Center at the Porter County Expo Center fourteen days preceding occasions (Fridays) from 9:00 am †5:00 pm. Right now you will be given a voucher as of now in which you will reclaimed for tokens to shop with the day of the occasion. Third Step: The day of the occasion entryways will open an hour and thirty minutes before shopping. Right now while blending, you can appreciate complimentary wine and horderves that will be went with light music to upgrade your thrilling night. Additionally, vouches can be recovered for tokens during this time. Fourth Step: Prior to the planned shopping time, visitor will be helped to remember howâ all this works, reiterating the rules that were spread out on the underlying greeting/flyer. Visitors are urged to keep what they have given unknown while picking. Notwithstanding, showing and sharing their extraordinary finds among everybody makes sure fervor. When the shopping time has been propelled, members will have the option to go in adjusts and chose two things one after another (to keep it reasonable) for buy with tokens. Last Step: When the occasion is finished and visitors have returned home, the rest of the things will be gathered together gave to a nearby women’s cover. Deals Forecast During the initial two years of business, Jenny’s Closet Party envisions producing $300,000 from supports and corporate sponsorships. Every individual from this organization is answerable for the base of two sponsorships ($500) so as to arrive at our vital objectives. We hope to produce the most deals throughout the mid year months. Natural Analysis Jenny’s Closet Party LLC is a little organization whose base camp is situated at 2143 Freedom Street Portage, Indiana; notwithstanding, occasions will be facilitated at the Porter County Expo Center situated at 217 E. Division Road Valparaiso, Indiana. The organization comprises of eight workers; 5 full-time and 3 low maintenance representatives. Jennifer Smith (CEO) will give the official administration and regulate tasks of each element of the organization. She will likewise be instrumental in creating systems, vision and key execution markers, to guarantee objectives are being met. She will be the essence of the association and will focus with building affinity and relationship with organizations. Taquanna White (Business Manager) will work intimately with the CEO, deal with the everyday business tasks. Fill in as our specialized master with sharp information in fund and PCs. Fills in as back up without the CEO a, guarantees undertakings are being done, coaches and oversee staff. Bonita Sims is the (Bookkeeper). Her duties incorporate monitoring money related exchanges, reviews, finance, acquirement and stock. Georgia Manuel (Head of Marketing) is our style master. She will be in the network, charge of deals and marketingâ and keeping up our Social Media/Blogging stay with the side by side of the most recent patterns and design news. Dionne Payne (Administrative Worker/Hostess) fills in as steady staff doing: venture coordination, get ready reports, meeting courses of action, oversee schedules, answer telephones calls and fill in as a leader at the occasions. Our three low maintenance representatives will help with arrangements paving the way to the occasion just as chipping away at the day of the occasion. Serious Forces: Jenny’s Closet Party has been confronting difficulties throughout the most recent couple of years with customers shopping in the frugality and resale fields. The once realized bleak second-hands stores offering obsolete dress have become a definitive fortune chase for novel finds at an incredible cost. A great part of the ongoing development can be ascribed to youthful customers, a significant number of whom are giving outings to the shopping center for second hand shops (Tully, 2012). Resale stores offer an assortment of special finds at a small amount of the expense of retail locations and propose incredible hazard to new businesses like Jenny’s Closet Party. The Goodwill business is a notable non-benefit association that has been around for more than 100 years. There colossal focused on crowd cherishes deal shopping who are drawn by shopping impetuses and those by who give to their reason for offering back to the network. â€Å"We give business, work preparing and o ther network based projects for individuals hoping to propel their professions, assemble their abilities and further their education† (Goodwill Industry International, 2014). Financial Forces: With a varied economy and stunning joblessness rates numerous buyers have gotten increasingly parsimonious with how they go through their cash. Despite the fact that the retail business has encountered development, the resale business is blooming and is making incredible head approach to turn into the new pattern for favored shopping. While numerous organizations close their entryways consistently, resale stays solid and keeps on being one of the quickest developing portions of retail (NARTS, 2014). Customers are looking for knife approaches to set aside cash and the reasonableness of shopping at shopping centers with high markup estimated clothing isn't an alternative. With a great many individuals searching for approaches to set aside cash in intense financial occasions, a developing number of shoppers have gone to resale shops to discover their garments, furniture and family unit products (Tully, 2012). The Northwest Indiana Region’s Gross Revenue Product (GRP) in the course of recent years (2009-2011) has bit by bit expanded by 3%. Watchman County’s populace is 166,557 (2008-2012) with the middle family unit salary was $62,457 contrasted with the states normal of $48,374, of this populace 50.95% are ladies (U.S. Statistics Bureau, 2014). Through the span of the year, family buys rose by 0.5 (U.S. Division of Commerce, 2014). This shows ladies in the Northwest Indiana Region have purchasing power which has persuasively added to the region’s monetary development. Innovation Forces: Innovation is quickly developing and is extraordinary in the business. Innovation is fundamental and assumes a significant job in the achievement or death of an organization; at last affecting procedures, valuing, advancements and situation of items and administrations. Innovation power is utilized pretty much in each limit of a business activity, from accounts, accounting and sales enrolls down to advertising. Internet based life mediums, for example, Pinterest, YouTube and Facebook are the absolute most mainstream manners by which innovation needs to interface with customers. Retailers with Wi-Fi permits clients to utilize their Smart Phones to explore items, look at costs, and download coupons with applications to make buys. Because of the quickly developing rivalry of on-line shopping, in-store retailers and trading organizations must separate themselves by meeting the customers’ needs and give them a definitive one-on-one experience and innovation can adequately help with this. Legitimate and Regulatory Forces: Jenny’s Closet Party is a constrained obligation organization. A lawful constrained obligation organization is a half and half sort of legitimate structure that gives the restricted risk highlights of an enterprise and the expense efficiencies and operational adaptability of an association (independent venture affiliation 2014). Despite the fact that, LLC’s have comparable qualities as enterprise and association, the legislature doesn't consider them responsible to similar measures, structure and duty laws. To begin a LLC one should explore and choose what kind of business they might want to sort out. Explicit archives to build up a business ought to be documented with the Secretary of State to begin a business (methods may fluctuate from state to state). Data submitted ought to include: Business name, enrolling, making understandings and articlesâ of consolidation. When the organization has been fused you will required to make sure about licensures, grants, EIN number, charge status and other required administrative work. When all the important administrative work is finished and the business is built up, the subsequent stages ought to incorporate getting protection and doing the fundamental footwork to get the business ready for action, for example, organizing, making the brands picture, and making sure about the essential accounts. Political Forces: The political powers that directly affect Jenny’s Closet LLC and different business are the strength or shakiness of the legislature, financial/exchange strategies, charge rates and various occasions that occur in our networks and all through the country. These variables can influence how purchaser spending. Customers are more grade to shop at stores like Jenny’s Closet and resale outlet stores. The resale, transfer and second hand shop ventures has blasted in the fallout of downturn in the 1990’s. For this incorporated an expanded requirement for family units to sell unused things for money and decreased amounts of discretionary cashflow that made it essential for individuals to shop at less expensive outlets (NA

High Tech Technology Products Business Essay - Free Essay Example

High-tech technology has to do with an industry that generates industry (Dovleac, 2011a). More specifically, high-tech industry is defined as the industry involved in creating, developing and introducing new products and/or innovative manufacturing processes through the systematic application of scientific and technical knowledge (Wasinghton, 1982). Some examples of industries that belong to high-tech industry are information technology, hardware components, software communications, internet infrastructure and consumer electronic products such as video games, video products, audio products and entertainment products (Mohr et al., 2010; available at: https://en.wikipedia.org/wiki/High_tech). Besides these, according to (OECD (2005) and Wikipedia (2012), aerospace, office machinery and pharmaceuticals sectors are also included in the high-tech industry. Based on the types, it can be assumed that this type of industry is mainly innovative, and the main concept towards the creation of high-tech products is to identify, determine and develop appropriate value elements from the perspective of customers (Moller, 2006). The creation of high-tech products, demand considerable material, human and time resources and a great amount of study and deep research (Florescu et al., 2003, cited in Dovleac, 2011b). Apart from the difficulty in the creation, the reaction also of the market towards a product is unpredictable. Nevertheless, whether it will succeed or not is going to be determined by the consumer. Therefore mew products, in order to succeed they should emit value, include quality and be perceived as necessary which means they should be tested, approved and purchased over an d over (Florescu et al., 2003, cited in Dovleac, 2011b). Even all of these occur still the establishment of a new innovative product may be difficult as the customers may be reluctant towards the adoption of a new product (Chakravorti, 2004). The products that come from this industry are called high-tech products, but it is difficult to distinguish which products are high-tech and which are not, as there are many definitions concerning this (Munnukka and Jarvi, 2011). In order to do so, high-tech products should abide to the next criteria OECD, (2005): Be developed in a highly technological environment Incorporate a new or advanced technology Be associated with technologically based uncertainty Not currently accepted as natural solutions for the problems they have been designed to address Do not yet have an associated external infrastructure Based on these criteria and according to Eurostat (2012) we can assume that Mobile phone, Laptop computer, Personal com puter (PC) and or its accessories, Car navigator (GPS), DVD player and Digital camera are high-tech products although not all of the above criteria are satisfied (Munnukka and Jarvi, 2011). 2.4 Purchase intention (online) In many studies, purchase intention is being analyzed as a dependent variable and moving a step further, in some occasions it has been treated as a vital determinant factor of online behavior (Chen et al., 2002). For the aim of this study, once again the main variable will be purchase intention and specifically online purchase intention. What purchase intention represents in reality is what we think we will buy (Blackwell et al., 2001 p. 283 cited in Park and Stoel, 2005). According to (Thammawimutti and Chaipoopirutana, 2005, p.6), purchase intention can be defined by the tendency or likelihood to buy a product. Other researchers have used the word possibility, so as to refer to the purchase intention of customers to buy a product (Wu et al., 2011) and according to Dodds et al., (1991) an incline in the purchase intention results to an incline in the possibility of purchasing. For the aim of this study, online purchase intention will be analyzed adopting the same theories that have been used for purchase intention in conventional retail shopping (Eroglu et al., 2001). To begin with, there are plenty of theories regarding purchase intention, among which the theory of reasoned action and the planned behavior theory stating that, purchase intention is related to attitude, subjective norms and perceived control (Cheung et al., 2005 cited in Erragcha and Zid, 2012). Based on this, the consumer is willing to buy the product or not (Erragcha and Zid, 2012). Theory of reasoned action It was first introduced by (Ajzen and Fishbein, 1975 cited in Kim et al., 2008) and it was created so as to predict a behavioral intention. According to this, a persons voluntary behavior is predicted by his/her attitude toward that behavior and his perception of others beliefs whether he or she should or should not perform that behavior. In other words it is defined as an intermediary cognitive between attitude and behavior (Ajzen and Fishbein, 1980 cited in Erragcha and Gharb i, 2012). This basically means that there are two variables responsible for the purchase intention and they are, a personal factor that refers to the attitude towards the behavior and the social norm (Erragcha and Gharbi, 2012), which is, social pressures that influence the decision whether to perform or not a behavior (Belleau et al., 2007). The relationship between intention and behavior exists under the assumption that consumers are considered rational and as a result, they are going to make a choice based on the information given to them (Ajzen and Fishbein, 1975 cited in Kim et al., 2010). In order to do so though, there is another assumption, that consumers are capable of taking control of their behavior (Kim et al., 2010). To conclude, attitude is a predictor of behavioral intention (Prendergast et al., 2010) and an individuals behavioral intention to perform or not a behavior is the immediate determinant of that individuals actual behavior (Ajzen and Fishbein, 1980 cited in Kim et al., 2008). Apart from the supporters of this theory, there were some that identify some limitations on this theory, such as that the behavior is tracked by the individual and that intention is the sole factor that determines behavior (Cao and Zhang, 2004 cited in Erragcha and Gharbi, 2012). Moreover, Zeithaml et al., (1996) also said that purchase intention is only one among others dimensions of behavior intention. Theory of planned behavior Compared to the previous theory, the theory of planned behavior tries to solve the limitations of the theory of reasoned action (Ajzen, 1991). The theory of planned behavior, adds the perceived behavioral control, as one another determinant of behavioral intention (Hansen et al., 2004) and finally behavior (Belleau et al., 2007), which basically means that it is an extension of the theory of reasoned action. Perceived behavioral control refers to the perception of internal and external resource constraints on performing the behavio r (Ramayah et al., 2009 p. 1224). This is of prime importance especially in occasions when no restrictions exist (Belleau et al., 2007). This theory incorporates the concept of perceived behavioral control as the perception of ease or difficulty on performing or not a conduct (Shin et al., 2001). The perception of ease or difficulty though has to do with the perception of whether someone has the requisite resources and chances so as to perform a questionable behavior (Ajzen, 1991). Having mentioned all these concepts, it is possible to create a misinterpretation as far as they are concerned. Attitude is different from intention and intention is different from behavior (Spears and Singh, 2004). Attitudes are summary evaluations whereas intentions represent the persons motivation in the sense of his or her conscious plan to exert effort to carry out a behavior (Eagly and Chaiken, 1993 p.168 cited in Spears and Singh, 2004). Moreover, intention is a variable more easily measured, co mpared to behavior because the first one refers to the consumers mind whereas the latter one subjects to restrictions and the customer does not behave as he/she prefers (Day, 1969 cited in Bai et al., 2008). Apart from these two theories, Engel et al., (1995) cited in Chi et al., (2009) proposed a model that tries to divide the consumers purchase intention process. So it is divided into 5 stages: Problem recognition Information search Alternative evaluation Purchase decision Post-purchase behavior Moreover, Engel et al., (1995) cited in Chi et al., (2009) separated purchase intention into, unplanned buying, partially planned buying and fully planned behavior. Unplanned behavior is considered when a consumer makes the decision to buy a product in a store or in this case when he/she is on the site. Partially planned behavior refers to the willingness of a consumer to buy a specific product without having decided the brand of the product. Fully planned behavior is when consumer knows the exact product and brand of the product he/she is ready to buy (Engel et al., 1995 cited in Chi et al., 2009). Other researchers (Kotler, 2003) stated that, the reasons that affect purchase intention are individual attitudes and unpredictable situations. Individual attitudes refer to private preferences to others and unpredictable situations have to do with changes in purchase intention because of the appearance of a new situation such as, the price of the product being higher compared to the expected one (Dodds et al., 1991).

The Lion Of The White House A Life Of Theodore Roosevelt

Aida Donald is the author of the Lion in the White House: A Life of Theodore Roosevelt. This book is a chronicle story and achievement of Theodore Roosevelt. Aida Donald has also written a biography of President Harry S. Truman. On one of her interview, she simply said she has had great fun writing about Theodore Roosevelt. Ms. Donald is former editor in chief of Harvard University Press. In this well-written book, she gives a brief history of life of one of the greatest president of United States of America, Theodore Roosevelt. This is not in depth biography of Theodore Roosevelt but she covers the main points of his life. Ms. Donald takes us journey of Theodore from his childhood to his trips in Egypt, Harvard College, first marriage, West and achievement he accomplished in office. Ms. Donald notes many of Theodore’s accomplishments before he took the office. He author and science geek, he had stuffed birds, strange chemicals and even his home laboratory in his bedroom. I re ally enjoyed this biography, it was really easy to comprehend and the way she illustrates I could really picture the life of Theodore. In the Lion in the White House, she opens up the book with childhood of Theodore and his family’s brief history. She did an amazing job to show audiences the childhood of Theodore Roosevelt. Beginning of each chapter, she starts off with a quotes or part of Theodore Roosevelt’s dairy which is first person perspective of Theodore. She also included many pictures ofShow MoreRelatedTheodore Roosevelt s Childhood, And Ending With His Death1215 Words   |  5 PagesBiography is on the life of Theodore Roosevelt. Beginning with his childhood, and ending with his death. Describing in detail his early childhood, the author gives a good explanation of what motivated the future President in his later years. 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This period of time is known as the Progressive Era due to the political and social changes made to move away from a laissez-faire government to a more active government by the administrations of these presidents. Prior to this period, Americans had to suffer through poor working conditions, low wages, social and class inequality and become victims to largeRead MoreTheodore Roosevelt : The President Of The United States Under The Republican Party932 Words   |  4 Pagesthe assassination of President McKinley in 1901, Theodore R oosevelt â€Å"Teddy† became the 26th president of the United States under the Republican Party. At age 42, he was the youngest president in the Nation s history. He brought new excitement to the Presidency. For example, Roosevelt was a lover of animals and wildlife and had more than 40 pets while in the White House. His daughter had a snake and his sons rode their pony on the elevators. 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This park houses one of the last natural bionetworks left in the world’s temperate zone. It preserves a great diversity of marine and bacterial life. One of the main reasons Yellowstone was established as a national park was because of its geological and hydrothermal features. Geysers, hot springs, mudpots, and steam vents are justRead More Theodore Roosevelt Essay4300 Words   |  18 PagesTheodore Roosevelt Theodore Roosevelt was fond of quoting an old African proverb that admonished people to speak softly and carry a big stick. Ironically, it was his thunderous voice that made him president, earned him enemies and brought him friends. That voice also made him the bulwark of the Progressive Movement. On October 27, 1858, Roosevelt was born on East Twentieth Street in New York City to Martha Bulloch, who he described as a sweet gracious, beautiful Southern Woman andRead MoreThe Most Controversial American Presidents9333 Words   |  38 PagesGeorge Washington 4 I.1 Early life 4 I.2 Presidency 5 I.3 Retirement and death 6 Chapter II. Abraham Lincoln 7 II.1 Early life and education 7 II.2 Presidency and the Civil War 8 II.3 Assassination 13 Chapter III. J. F. Kennedy 15 III.1 Early life and education 15 III.2 Presidency 17 III.3 Assassination 19 Chapter IV. Richard Nixon 21 IV.1 Early life and education 21 IV.2 Presidency 22 IV.3 Death and funeral 23 Chapter V. Theodore Roosevelt 24 V.1 Early life and education 24 V.2 PresidencyRead MoreAmerican Holidays11778 Words   |  48 Pagescommemorates the resurrection of Jesus Christ. It is celebrated on Sunday between March 22 and April 25. The 40 days leading up to Easter are observed as Lent. Besides the religious aspects of Easter, people also celebrate spring or the sign of the new life. Flowers are seen everywhere. There are often Easter Parades such as the one in New York City where people dress up in their new spring clothes. Children receive Easter baskets filled with candy Easter eggs, chocolate bunnies and jelly beans! The dying

Interest Rate Reduction in Canada

Question: Discuss about theInterest Rate Reduction in Canada. Answer: Summary of the Article: The bank of Canada has reduced the interest rate (Blatchford and Press, 2016). Increasing money supply in the economy due to the policy measure. The policy is affecting both supply and demand of the economy. Reduction of earnings from retirement packages. Increasing Gross Domestic Product. Economic Concepts used in the Assignment: The assignment uses economic concepts like Demand and Supply, Labour Economics, IS-LM, Gross Domestic Product of National Income. Analysis of the Article: The article states that the governor of the Bank of Canada has announced a reduction in the domestic rate of interest. This policy has been taken regarding the fact that the country is lagging behind its output potential. According to Schembri (2016), the Gross Domestic Product has of the country thus needs to reach its full potential as it will decrease the unemployment rate of the country. The policy hits the Gross Domestic Product through many channels which are critically discussed below. Demand Side: Due to the fall in interest rate common people of the country will now save less and spend more. This will increase the Aggregate Demand of the country. As stated by Case, Fair and Oster (2012), reduction in the interest rate will also make loans more attractive to the consumers. They will spend more taking loans, which will increase the aggregate demand of Canada. The increase in the aggregate demand can be depicted in a figure following the demand and supply concept. Figure 1: Shift of the demand curve. Source: As created by the author. As the figure above shows, the policy of reducing interest rate will increase the total consumption and output of the country. Supply Side: The supply side of the economy consists of the producers and their investors. According to Rios, McConnell and Brue (2013), due to the reduction in the interest rate and the increase in demand the producers will try to increase their supply in order to get a greater share of the market. They will invest more on the production as it will increase their revenue and now investing costs less due to the low interest rate. The situation can be depicted in the figure below. Figure 2: Outward movement of the supply curve. Source: As created by the author. As the figure above shows, the supply curve will shift outwards due to the sudden rise in investment on production of goods and services. According to Kriesler and Nevile (2016), the increase in the demand and a demand driven rise in the supply will increase the total output of the country. This will increase the Gross Domestic Product. The rise in investment and resulting increase in output following the reduction of interest rate can also be shown the following way: Figure 3: Rise in the G.D.P due to increasing investment. Source: As created by the author. As the figure above shows, the previous aggregate expenditure was Y= C+I+G. After the increase in investment the aggregate expenditure becomes: Y= C+I+G. Here I is greater than I. According to Young and Zilberfarb (2012), this increases the Gross Domestic Product of Canada. Labour Side: Due to the fall in interest rate, those people who have planned their retirement with a certain retirement package idea will now meet a reduction in the package. The earning from the retirement package will be lesser now. To meet this issue they will work for a few more years. This will provide the country experienced labour for few more years. It will help in increasing the output of the country. Personal Interest Regarding the Economic Decision: My friend who has taken a student loan with flexible interest rate will now have to pay a lesser amount to the bank. The total amount repayable will reduce for those who had opted for a flexible interest rate. Those who opted for fixed interest rate while taking a loan will now be worse off as they still have to pay the higher amount. Views Regarding Self Interest and Social Interest: Self interest and social interest can differ and fall in line at the same time. The society will be better off due to the rise in the Gross Domestic Product. On the other hand those who had taken loan on fixed interest rate and those who were looking for taking retirement will suffer due to the low interest rate. References: Blatchford, A. Press, T. (2016). Get used to low interest rates, says Bank of Canada governor | Toronto Star. thestar.com. Retrieved 20 November 2016, from https://www.thestar.com/business/economy/2016/09/20/get-used-to-low-interest-rates-says-bank-of-canada-governor.html Case, K. E., Fair, R. C., Oster, S. M. (2012). Principles of economics. Prentice Hall,. Kriesler, P., Nevile, J. W. (2016). IS-LM and macroeconomics after Keynes. In Post-Keynesian Essays from Down Under Volume I: Essays on Keynes, Harrod and Kalecki (pp. 69-80). Palgrave Macmillan UK. Rios, M. C., McConnell, C. R., Brue, S. L. (2013). Economics: Principles, problems, and policies. McGraw-Hill. Schembri, L. (2016). Two-Track Adjustment: The Outlook for the Canadian Economy. Young, W., Zilberfarb, B. Z. (Eds.). (2012). IS-LM and modern macroeconomics (Vol. 73). Springer Science Business Media.

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