Thursday, October 31, 2019
The Management of Global Trade Distribution Assignment
The Management of Global Trade Distribution - Assignment Example DHL has a considerable market share of around 40% of the Asian market (The Economist, 2012). FedEx accounts for the market share of around of 49%à in USA as compared to around 50% by the competitor UPS. FedEx has developed the fleet and service base that has built a strong reputation of the company. For example, GPS tracking, Online Solution (FedEx, 2012a), SenseAware (Business Wire, 2014) are some of the leading services from FedEx. The industry in which FedEx operates is highly competitive and it has low switching cost for buyers and suppliers. Also, the industry is affected by high oil prices. FedEx, with its service to the global market, has focused on building competitive edge with technological innovation and is ranked at the 91st position on the Forbes Most Valuable brands (Forbes, 2013). Competitive information technology orientation has taken the place of absolute advantage for FedEx. Change in the global trade agreements and patterns have a direct impact on the FedEx. FedEx supports FTA for the removal of barriers from Panama, Columbia, and South Korea. Furthermore, FedEx has capitalised the growth in global demand for the Korean products where Korea in all has generated $3.8 billion in the year 2011 (FedEx, 2012b). FedEx has planned to establish logistic hub in Pudong considering the global trade patterns between China to Europe where Shanghai Pudong International Airport is to take the position of hub (FedEx, 2012b). Hence, FedEx is keenly developing the comparative advantage from the changing global trade patterns. Furthermore, the company is also directly impacted by the varying regulations from country to country. For example, FedEx launched SenseAware in different market upon receiving security clearance from the respective countriesââ¬â¢ and related organisations (Leung, 2011). Most recently it has expanded to 14 European countries and Canada. Such str ong connectivity with the movement of sensitive products has developed
Monday, October 28, 2019
Hazel Essay Example for Free
Hazel Essay Hazel who worked for Fortune 500 Company for 15 years shows her loyalty and devotion in the company. It is surprising therefore why she was one of the chosen employees to be terminated by the new CEO to downsize the company. It is a question whether Hazel tried to ask the company why she was terminated despite the fact that she has been with the company in the long period of time. It is a need for her to know to fully understand the reasons. It might be even beneficial for her in long run to improve her weaknesses, flaws and mistakes if there are any. The rejection sheââ¬â¢s receiving from her application in finding employment must be very hard for her. But her need of survival motivated her to try another line of job. It must be very challenging since she was used to office or paper works perhaps, from the company she previously worked to. Moving lawns, weeding gardens, and trimming shrubbery are all not an easy job. It requires so much energy, effort and perspiration. But Hazel perceived it optimistically believing that it will do her good in the long run. After 15 years being used to be governed and overshadowed by the companyââ¬â¢s superiors, rules and policies, Hazel is now taking a different path. She can be more creative in this way in managing her life in terms of time management, communication with her clients, service price and all. Now everything is not routinary. In addition to this she can be more in touch with her clients thus creating opportunities to make friends and learn more. From being an employee, she now has her own business in accordance to her interest and creativity. She can creatively fashion her neighborââ¬â¢s backyard. Her business will eventually give her opportunities to apply her learningââ¬â¢s from her previous job. It is not bad to make some switch in career at times especially with Hazelââ¬â¢s case after a number of years of building experience and gaining knowledge in one particular field or profession. However switching a career can be wonderful chance to identify some careers that match well with your skill set and personality. Hazel will learn to be flexible in the long run who can both explore blue and white collar jobs.
Saturday, October 26, 2019
Impact of Political Stability in India on Economic Growth
Impact of Political Stability in India on Economic Growth Political stability helps in making economic decisions and reducing the risk of imbalance in the economy. In May 2004, elections brought the United Progressive Alliance (UPA) into power. Growth, stability and equity are mutually reinforcing objectives. The quest of the UPA Government is to eliminate poverty by giving every citizen an opportunity to be educated, to learn a skill, and to be gainfully employed. The economic strategy of the UPA is composed of four main elements: maintaining macroeconomic balances; improving the incentives operating upon firms; enhancing physical infrastructure; and a range of initiatives aimed at empowering millions of poor households to participate in the growing prosperity. The major concern remains on commitment towards national interest, reduction of interference of unlawful elements in politics, public accountability and growth oriented policies of the government. Under the leadership of Dr Manmohan Singh the focus of the government is appropriate a nd will not be cause of distress It has positive effect on economic growth but many times due to other factors it may be negative. In India in last 20 years many governments were made. India is a developing country and it grows very fast. Whenever the govt. changes economic effected very much. India is the worlds largest democracy. In India, the prime minister is identified as the head of government of the nation, while the president is said to be the formal head of state and holds substantial reserve powers, placing him or her in approximately the same position as the British monarch. Executive power is enforced by the government. It can be noted that federal legislative power is vested in both the government of India and the two characteristic chambers of the Parliament of India. Also, it can be said that the judiciary is independent of both the executive and the legislature. For most of the years since independence, the federal government has been guided by the Indian National Congress , In India the two largest political parties have been the Indian National Congress and the bhartiya janata party (BJP). Presently the two parties have dominated the Indian politics, however regional parities too exist. From 1950 to 1990, barring two brief periods, the INC enjoyed a parliamentary majority. The INC was out of power between 1977 and 1980, when the Janata Party won the election owing to public discontent with the corruption of the then Prime Minister Indhira Gandhi. In 1989, a janata dal-led National Front coalition in alliance with the Left Front coalition won the elections but managed to stay in power for only two years. As the 1991 elections gave no political party a majority, the INC formed a minority government under Prime Minister P.V.Narsimha Rao and was able to complete its five-year term. The years 1996-1998 were a period of turmoil in the federal go vernment with several short-lived alliances holding sway. The BJP formed a government briefly in 1996, followed by the United Front coalition that excluded both the BJP and the INC. Political uncertainty is an investors nightmare. It does disturb the flow of foreign direct investment plans both into the private sector as well as the government owned public sector units and that surely affects economic growth. However, this argument is good only to a limited extent. Political stability is not necessarily an essential pre-requisite item for good economic growth. In actual practice, it is the other way around as it can be argued, that it is good economic growth, that essentially leads to political stability. Therefore, when the Congress spokespersons talked of political stability without mentioning its correlation with economic growth, their apprehensions of coalition governments appeared misplaced. Further Congress talking political stability was like the devil quoting the scripture. One cannot but remember that it was the Congress that destabilized the governments of 5 Prime Ministers, viz. Mr. Charan Singh, Mr. Chandrasekhar, Mr. H. D. Dev Gowda, Mr. Inder Kumar Gujral and of course Mr. Atal Bihari Vajpayee. Every one, of these governments, was toppled on flimsiest grounds. Indeed, they could have easily lasted their full term, if and only if politics had taken the back seat. Indias Growth Since Independence India has moved from a moderate growth path of the first three decades (1950 to 1980) to a higher growth trajectory since 1980s. Over the last two and a half decades, India has emerged as one of the fastest growing economies of the world, averaging about 6 percent growth rate per annum and ranking of the country in terms of size of the economy, especially in Purchasing Power Parity (PPP) Terms have improved. In the last three years. We have averaged a growth rate of 8 percent. Apart from registering impressive growth rate over the last two and a half decades, Indias growth process has been stable. Studies indicate that the yearly variation in growth in India has been one of the lowest. During the period, we have faced only one crisis in 1991. The crisis was followed by a credible macroeconomic structural and stabilization program encompassing trade, industry, foreign investment, exchange rate, public finance and financial sector. The evidence of stable economic con dition is the successful avoidance of any adverse contagon impact of shocks from the East Asian crisis, the Russian crisis during 1997-98, sanction like situation in post pokhran scenario, and border conflict during May-June 1999. The performance of the Indian economy during the current fiscal year has exceeded expectations. Initial growth projections for the period April 2004 to March 2005 were around 6.8%. Expectation was paired with a percentage point due to low rainfall from July 2004. Global price shocks in oil, steel and coal added to apprehension, particularly about inflation. However, shaking off these fears, the economy has grown by a robust 6.9%. There are two aspects to the emergence of India. First, there are signs of vigorous growth in manufacturing. High growth rates in exports have been extended beyond the now-familiar services story to skill-intensive sectors like automobiles and drugs. Manufacturing growth accelerated every month after May 2004 to reach double-digit levels in September and October. Merchandise export growth in the first 10 months of 2004-05 was 25.6%. For three quarters running, revenue growth in the corporate sector has been above 20% and net profit growth has been around 30%. Second, there is a pronounced pickup in investment. From 2001-02, the investment rate in India, low by East Asian standards, rose by 3.7 percentage points to 26.3% of GDP in 2003-04. ROLE OF POLITICAL PARTIES: The janata dal won elections in 1989, but its government managed to hold on to power for only two years. Between 1996 and 1998, there was a period of political flux with the government being formed first by the right-wing nationalist Bhartiya janata party (BJP) followed by a left-leaning United Front coalition. In 1998, the BJP formed the National Democratic Alliance with smaller regional parties, and became the first non-INC and coalition government to complete a full five-year term. The grenal saw the INC winning the largest number of seats to form a government leading the united progressive alliance and supported by left-parties and those opposed to the BJP. On 22 May 2004, Manmohan Singh was appointed the Prime Minister of India following the victory of the INC the left front in the 2004 lok sabha election. The UPA now rules India without the support of the left front. Previously Atal Bihari vajpeyi had taken office in October 1999 after a general election in which a BJP-led coalition of 13 parties called the national democratic alliance emerged with a majority. Formation of coalition governments reflects the transition in Indian politics away from the national parties toward smaller, more narrowly-based regional parties. Some regional parties, especially in South India, are deeply aligned to the ideologies of the region unlike the national parties and thus the relationship between the central government and the state government in various states has not always been free of rancor. Disparity between the ideologies of the political parties ruling the centre and the state leads to severely skewed allocation of resources between the states. Central and State Governments The central government exercises its broad administrative powers in the name of the President, whose duties are largely ceremonial. The president and vice president are elected indirectly for 5-year terms by a special electoral college. The vice president assumes the office of president in case of the death or resignation of the incumbent president The constitution designates the governance of India under two branches namely the executive branch and real national executive power is centered in the Council of Ministers, led by the prime minister of India. The President appoints the Prime Minister, who is designated by legislators of the political party or coalition commanding a parliamentary majority. The President then appoints subordinate ministers on the advice of the Prime Minister. In reality, the President has no discretion on the question of whom to appoint as Prime Minister except when no political party or coalition of parties gains a majority in the Lok Sabha. Once the Prime Minister has been appointed, the President has no discretion on any other matter whatsoever, including the appointment of ministers. But all Central Government decisions are taken by president. Political stability and Economic Growth: The politicians should realize that in the last decade or so, the scene in the country has undergone a sea change: India is a young country, where the average age is less than 26years. The literacy rate is continuously rising. The Primary Health Care services are improving. Female life expectancy rate and infantile survival rate are improving. There is a growing awareness of the need to let market forces decide on their role in the development of infrastructure projects. The power distribution has shifted from a centralized command structure to one where even the leader at local level has an opportunity to address his local aspirations at the national level. Privatization and Disinvestment Vajpayee had a vision of the 21st century information age. So, he privatized the Internet, reformed the flawed telecom policy, opened radio broadcasting in 40 cities and allowed up-linking facilities to satellite channels. Congress has yet to realize the impact of global market and address issues on taxes, subsidy etc so that the effects of globalization do not come as a jolt to the common man in the street. Mr. Narasimhas government approach on globalization lacked this humane approach. There was progress on other incremental reforms cut the diesel subsidy, de-licensed petroleum products and oil refining, set up a power regulatory authority, threw open transmission to the private sector. Moreover, he surprised us by squashing the irrational swadeshi forces within his own party. Impact in India: There are many affect in Indian economy due to political stability every factor is affected. India opened up the economy in the early nineties following a major crisis that led by a foreign exchange crunch that dragged the economy close to defaulting on loans. The response was a slew of Domestic and external sector policy measures partly prompted by the immediate needs and partly by the demand of the multilateral organisations. The new policy regime radically pushed forward in favour of amore open and market oriented economy. Major measures initiated as a part of the liberalisation and globalisation strategy in the early nineties included scrapping of the industrial licensing regime, reduction in the number of areas reserved for the public sector, amendment of the monopolies and the restrictive trade practices act, start of the privatisation programme, reduction in tariff rates and change over to market determined exchange rates. Over the years there has been a steady liberalisation of the current account transactions, more and more sectors opened up for foreign direct investments and portfolio investments facilitating entry of foreign investors in telecom, roads, ports, airports, insurance and other major sectors. The Indian tariff rates reduced sharply over the decade from a weighted average of 72.5% in 1991-92 to 24.6 in 1996-97.Though tariff rates went up slowly in the late nineties it touched 35.1% in 2001-02. India is committed to reduced tariff rates. Peak tariff rates are to be reduced to be reduced to the minimum with a peak rate of 20%, in another 2 years most non-tariff barriers have been dismantled by march 2002, including almost all quantitative restrictions. The Indian economy is passing through a difficult phase caused by several unfavourable domestic and external developments; Domestic output and Demand conditions were adversely affected by poor performance in agriculture in the past two years. The global economy experienced an overall deceleration and recorded an output growth of 2.4% during the past year growth in real GDP in 2001-02 was 5.4% as per the Economic Survey in 2000-01. The performance in the first quarter of the financial year is5.8% and second quarter is 6.1%. Sectors Industry and services India has one of the worlds fastest growing automobile industries. Shown here is the Tata motors make Nano, the worlds cheapest car. Industry accounts for 28% of the GDP and employ 14% of the total workforce. However, about one-third of the industrial labor force is engaged in simple household manufacturing only. In absolute terms, India is 16th in the world in terms of nominal factory output. Economic reforms brought foreign competition, led to privatization of certain public sector industries, opened up sectors hitherto reserved for the public sector and led to an expansion in the production of fast-moving consumer goods. Post-liberalization, the Indian private sector, which was usually run by oligopolies of old family firms and required political connections to prosper was faced with foreign competition, including the threat of cheaper Chinese imports. It has since handled the change by squeezing costs, revamping management, focusing on designing new products and relying on low labor costs and technology. Textile manufacturing is the second largest source for employment after agriculture and accounts for 26% of manufacturing output. Ludhiana produces 90% of woolens in India and is also known as the Manchester of India. Tripura has gained universal recognition as the leading source of hosiery, knitted garments, casual wear and sportswear. Dharavi slum in Mumbai has gained fame for leather products. Tata Motors Nano attempts to be the worlds cheapest car. India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991-2000 up from 4.5% in 1951-80. It has the largest share in the GDP, accounting for 55% in 2007 up from 15% in 1950. Business services (information technology, information technology enabled services, business process outsourcing) are among the fastest growing sectors contributing to one third of the total output of services in 2000. The growth in the IT sector is attributed to increased specialization, and an availability of a large pool of low cost, but highly skilled, educated and fluent English-speaking workers, on the supply side, matched on the demand side by an increased demand from foreign consumers interested in Indias service exports, or those looking to outsource their operations. The share of Indias IT industry to the countrys GDP increased from 4.8% in 2005-06 to 7% in 2008. In 2009, seven Indian firms were listed among the top 15 technology outsourcing companies in the world. In March 2009, annual revenues from outsourcing operations in India amounted to US$60 billion and this is expected to increase to US$225 billion by 2020. Organized retail such supermarkets accounts for 24% of the market as of 2008. Regulations prevent most foreign investment in retailing. Moreover, over thirty regulations such as signboard licences and anti-hoarding measures may have to be complied before a store can open doors. There are taxes for moving goods to states, from states, and even within states. Tourism in India is relatively undeveloped, but growing at double digits. Some hospitals woo medical tourism. Agriculture Farmers work inside a rice field in Andhra Pradesh. India is the second largest producer of rice in the world after China and Andhra Pradesh is the 2nd largest rice producing state in India with West Bengal being the largest. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP in 2009, employed 52% of the total workforce and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a significant role in the overall socio-economic development of India. Yields per unit area of all crops have grown since 1950, due to the special emphasis placed on agriculture in the five-year plans and steady improvements in irrigation, technology, application of modern agricultural practices and provision of agricultural credit and subsidies since Green revolution in India. However, international comparisons reveal the average yield in India is generally 30% to 50% of the highest average yield in the world. India is the largest producer in the world of milk, cashew nuts, coconuts, tea, ginger, turmeric and black pepper. It also has the worlds largest cattle population: 193 million. It is the second largest producer of wheat, rice, sugar, cotton, silk, peanuts and inland fish. It is the third largest producer of tobacco. India is the largest fruit producer, accounting for 10% of the world fruit production. It is the leading producer of bananas, sapotas and mangoes. Finance in India Banking in Indiaand Insurance in India The Indian money market is classified into: the organised sector (comprising private, public and foreign owned commercial banks and cooperative banks, together known as scheduled banks); and the unorganised sector (comprising individual or family owned indigenous bankers or money lenders and non-banking financial companies (NBFCs)). The unorganised sector and microcredit are still preferred over traditional banks in rural and sub-urban areas, especially for non-productive purposes, like ceremonies and short duration loans. Mumbai is the financial and commercial capital of India. Shown here is the World Trade Centre of Mumbai Prime Minister Indira Gandhi nationalised 14 banks in 1969, followed by six others in 1980, and made it mandatory for banks to provide 40% of their net credit to priority sectors like agriculture, small-scale industry, retail trade, small businesses, etc. to ensure that the banks fulfill their social and developmental goals. Since then, the number of bank branches has increased from 10,120 in 1969 to 98,910 in 2003 and the population covered by a branch decreased from 63,800 to 15,000 during the same period. The total deposits increased 32.6 times between 1971 to 1991 compared to 7 times 1951 to 1971. Despite an increase of rural branches, from 1,860 or 22% of the total number of branches in 1969 to 32,270 or 48%, only 32,270 out of 5 lakh (500,000) villages are covered by a scheduled bank. The public sector banks hold over 75% of total assets of the banking industry, with the private and foreign banks holding 18.2% and 6.5% respectively. Since liberalisation, the government has approved significant banking reforms. While some of these relate to nationalised banks (like encouraging mergers, reducing government interference and increasing profitability and competitiveness), other reforms have opened up the banking and insurance sectors to private and foreign players. More than half of personal savings are invested in physical assets such as land, houses, cattle, and gold. Indian has the highest saving rate in the world at 36 percent. Natural resources in India Energy policy of India India has the worlds fifth largest wind power industry, with an installed wind power capacity of 9,587 MW. Shown here is a wind farm in Muppandal, Tamil Nadu. Indias total cultivable area is 1,269,219kmà ² (56.78% of total land area), which is decreasing due to constant pressure from an ever growing population and increased urbanisation. India has a total water surface area of 314,400kmà ² and receives an average annual rainfall of 1,100mm. Irrigation accounts for 92% of the water utilisation, and comprised 380kmà ² in 1974, and is expected to rise to 1,050kmà ² by 2025, with the balance accounted for by industrial and domestic consumers. Indias inland water resources comprising rivers, canals, ponds and lakes and marine resources comprising the east and west coasts of the Indian ocean and other gulfs and bays provide employment to nearly 6 million people in the fisheries sector. In 2008, India had the worlds third largest fishing industry. Indias major mineral resources include coal, iron, manganese, mica, bauxite, titanium, chromite, limestone and thorium. India meets most of its domestic energy demand through its 92 billion tonnes of coal reserves (about 10% of worlds coal reserves). Indias huge thorium reserves- about 25% of worlds reserves- is expected to fuel the countrys ambitious nuclear energy program in the long-run. Indias dwindling uranium reserves stagnated the growth of nuclear energy in the country for many years. However, the Indo-US nuclear deal has paved the way for India to import uranium from other countries. India is also believed to be rich in certain renewable sources of energy with significant future potential such as solar, wind and biofuels (jatropha, sugarcane). CONCLUSION: After complete this term paper I come at this conclusion that politics effects economy very much. If a govt. change than many other factors also changes. Every govt. do work by their own style, they change many things like construction, infrastructure, their employees, contractors and it may affect positive or negative. So it based on situation. Political stability is very important for economic growth. REFERENCES: www.businessline.com www.oppapers.com Wikipedia www.scribd.com
Thursday, October 24, 2019
Norman Macleanââ¬â¢s Young Men and Fire Essay -- Young Men
Norman Macleanââ¬â¢s Young Men and Fire ââ¬Å"I now feel brave enough to venture forth and bear earthââ¬â¢s torments and its joys, to grapple with the hurricane.â⬠(Faust, lines 464-66) Have the gates of death been opened unto thee? Or hast thou seen the doors of the shadow of death? Hast thou perceived the breadth of the earth? . . . Declare if thou knowest it all. (Job 38:17,18) Human beings are prideful creatures, and we have good reason to be. We have subdued a planet, changed the course of rivers, watered deserts, written poetry to make angels cry, and wrapped the world in a network of electric impulses and digital displays. We have created and killed not one but many gods. We can make a cloud rain by shooting heavy metal into it, and we can create a lake by pouring concrete in a canyon and damming a river. Most days, it seems that we human beings have everything under control and that if we miss wild nature, well, we can grow it in our gardens. (We can even genetically engineer the plants and animals.) Every so often, however, the universe spins out of our control. Forest fires rage. The earth quakes. Chaos descends like a great modern Zeus hurling thunderbolts and reminding us that nature is not ours to manipulate. In a great universe shaped by raw power and force, human beings are only small, easily crushed, organic structures. We need the remi nder. Chaos and destruction are natureââ¬â¢s great gift to human kind because the realization of our frailty and insignificance leads to enlightenment. We learn something about ourselves, how we are here, where we want to go, and what we have to say about it. Chaos spoke to Darwin in the shaking of the earth: A bad earth quake at once destroys the oldest associati... ...pe of bringing a frightening force of nature under control. Science, too, is a method of telling a story about nature. In the struggle to make sense of the raging universe, we sometimes discover art, an art purged of all pretense by the extreme elements of which it was born. When all is said and done, the disaster that brings us death also brings us an opportunity to find hope and compassion, and a chance to transcend our own blindness and limitations and find peace. Works Cited Darwin, Charles. Voyage of the Beagle. New York: Penguin Books, 1989. Goethe, Johann Wolfgang. Scientific Studies. New York: Suhrkamp, 1988. ââ¬â. Faust. New York: Anchor Books, Doubleday, 1990. Maclean, Norman. Young Men and Fire. Chicago: U of Chicago P, 1992. Pope, Alexander. ââ¬Å"Essay on Man.â⬠The Norton Anthology of English Literature. 3rd ed. New York: Norton, 1960.
Wednesday, October 23, 2019
Pak mulls removing import duy on Indian Tea Essay
Free trade takes place when there are no barriers and no intrusions to trade put by the authority(government and trade organisations). Free trade allows goods and services to flow freely freely from one country to another. The opposite to free trade is Protectionism. There are many protectionism that the government of a particular country can impose on trade. Main types of protectionism: * Tariffs * Subsidies * Quotas * Embargoes The governement of Pakistan has imposed a trade barrier on the import of Tea from India. India tea is under a 10 percent import duty. Some possible reasons for the imposition of Import duty on Tea are given below. * To prevent over specialisation * To raise government revenue * To remove balance of payment deficits Given below is a graph that shows the effect of imposing import duty on the import of Tea. Due to the imposition of import duty the prices for Tea rises from ââ¬ËP-worldââ¬â¢ to ââ¬ËP- import dutyââ¬â¢ because of which the Supply curve shifts from ââ¬ËS-worldââ¬â¢ to ââ¬ËS- world+ import dutyââ¬â¢ . Therefore there is an overall consumer loss. Areas ââ¬Ëaââ¬â¢,ââ¬â¢bââ¬â¢,ââ¬â¢cââ¬â¢ and ââ¬Ëdââ¬â¢ shows the consumer loss. Area ââ¬Ëaââ¬â¢ shows the producers gain. Area ââ¬Ëbââ¬â¢ shows green loss. It is said to be a ââ¬ËGreen Lossââ¬â¢ because there is inefficiency that is creeping in this area as inefficient domestic producers are now producing this area at a higher price. Area ââ¬Ëcââ¬â¢ shows the government revenue due the import duty. Area ââ¬Ëdââ¬â¢ shows the net loss. ââ¬Ëdââ¬â¢ is not being produced or demanded due to the rise in prices, this shows the net loss towards the consumer. Tea is an ââ¬Ëimportant drink in every Pakistani houseââ¬â¢ and Pakistan is the second largest importer of Tea. Therefore the demand curve for Tea in Pakistan is very inelastic. The smuggled tea is sold at a low cost but due to the Inelastic demand for Tea, The change in the price of tea should have a realively low change in the demand. However, the article states that Pakistan imports 140 million kg and 20 million kg is smuggled. This shows that 12.5 % of tea is smuggled, which is a very high rate. This indirectly shows that Tea inspite of being very inelastic in demand, a change in price will have a big effect on the demand. Area ââ¬Ëdââ¬â¢ in the above graph is consumer loss in Trade between India and Pakistan. However, this area is being demanded and supplied throught smuggling and illegal trade. Therefore, Area ââ¬Ëdââ¬â¢ can also be observed as the government loss of revenue. India and Kenya are the two main countrys supplying Pakistan with tea. Due to the drought in Kenya the prices have increased tremendously. This puts Pakistan in a very infavourable situation. ââ¬ËS-worldââ¬â¢ takes into account the imported supply of Tea from India and Kenya. Due to the import duty the price shifts from ââ¬ËP worldââ¬â¢ to ââ¬ËP- import dutyââ¬â¢ and the supply shifts from ââ¬ËS- worldââ¬â¢ to ââ¬ËS- world+ import dutyââ¬â¢. Again due to the drougth the price shifts from ââ¬ËP- import dutyââ¬â¢ to ââ¬ËP1ââ¬â¢ and the supply shifts from ââ¬ËS- world+ import dutyââ¬â¢ to ââ¬ËS- world 2ââ¬â¢. Due to the very high prices people will stop consuming Tea and move to other alternatives like coffee. Also smuggling of Tea will increase tremendously. The net effect will have a tremedous loss of revenue for the government.
Tuesday, October 22, 2019
ACT On My Own
Should I Hire A Tutor Or Study For The SAT/ACT On My Own SAT / ACT Prep Online Guides and Tips Your number two pencils are sharpened; you have functioning erasers at the ready and tissues for when you canââ¬â¢t stop the tears. Thatââ¬â¢s right. Youââ¬â¢re gearing up to study for the SAT/ACT. Exceptâ⬠¦how do you actually go about studying for the SAT/ACT? Do you need a tutor, or can you just do it on your own? We cover this topic pretty thoroughly in our free booklets on comparing methods of test prep for the SAT and ACT, so this article will just give you a brief rundown of when itââ¬â¢s worth it to hire a tutor. feature image credit: Lady Mary Fairfax with her Tutor, 1647 by Lisby, used under CC BY 2.0/Cropped from original. In general, if you want to succeed on the SAT or ACT, you must have all of the following five components. 1. Motivation and Accountability Finding the motivation to study for the SAT/ACT can be...problematic. I mean, your score doesnââ¬â¢t directly impact your high school education (unless your school uses it for something), and test prep isnââ¬â¢t as interesting as Youtube. If you arenââ¬â¢t motivated, you wonââ¬â¢t make progress in your test prep. A vague reason that you just give lip service to, like ââ¬Å"I know I probably need to study so I can get a good enough score get into the school I want,â⬠wonââ¬â¢t do you any good. You need reasons to study that will actually motivate you. Because itââ¬â¢s the strength of the motivation that matters, not the loftiness of the reason, ââ¬Å"I want to beat my older siblingââ¬â¢s score on the SATâ⬠is just as valid a motivator for test prep as ââ¬Å"I want to do well on the SAT so Iââ¬â¢m guaranteed a scholarship to a state school.â⬠Accountability may play a role in your motivation, if you find that you are most motivated to succeed if you have people counting on you who you donââ¬â¢t want to disappoint. Maybe youââ¬â¢ll care if a friend or a sibling shames you for not doing work like you said you would (not that I speak from experience), or if your parents are disappointed in you for failing to improve your test scores (as long as this is also something YOU care about). Bottom line: you need to find a source (or multiple sources) of motivation that work(s) for YOU. IF you have problems finding the motivation to study on your own, without anyone holding you accountable for studying, THEN a tutor may be helpful for you. 2. Strong Study Plan Students who succeed on the SAT/ACT go into prep with a structured study plan. When youââ¬â¢re just studying on your own, it can be hard to stay organized in your studying. The first step to forming a high-level study plan is to know where you currently stand and where you want to be on test day. Take a timed practice test under realistic conditions to get a sense of how you are scoring now. Next, what is your target score? We have two articles about this, one for the SAT and one for the ACT, but to summarize: List the schools you want to apply to Search online to find their average SAT/ACT scores Take the average of all the averages to get your target test score. Once you know your current score and your target test score, you will have a better idea of what it's going to take to get there. A structured study plan will be able to answer all of the following questions. When am I taking the SAT/ACT? How long do I have to prepare before test day? How many hours will I study each week? What material do I need to cover? What resources will I use? Should I use books or a complete prep program? When do I take practice tests? How will I know how to adjust my plan according to my progress? I'm going to use a fictional student named Aaron to answer these questions. Aaron recently took a practice SAT and scored a 1000 and has six months to reach his target score of 1250. He and his tutor have assessed his weak areas and discovered that Aaron has serious content weaknesses across all of SAT Math and some smaller issues with the Critical Reading and Writing sections. Aaron's study plan looks something like this: Months 1-3: 1 hour every other week with tutor, 3 hours a week otherwise focusing on weaknesses in SAT Math. Practice tests every three weeks. Months 4-5: 1 hour every other week with tutor, 6-7 hours a week outside of tutoring sessions drilling weaknesses in Math, Critical Reading, and Writing and reviewing missed questions, using books and materials hand-selected by the tutor; practice tests every other week. Month 6: 1 hour every other week with tutor, 9-10 hours a week outside of tutoring sessions working on remaining weaknesses that the tutor has identified by drilling with actual practice questions, practicing reading comprehension by finding interesting articles in the New York Times and analyzing them; practice tests every week, increasing in frequency as the test draws nigh. Because Aaron sticks to his study plan, he bumps his Math score from 400 to 630 and his overall SAT score from 1000 to 1260, meeting his target goal. If he had not had this study plan, even if he had gotten focused help on the Math section a month before the test, it's unlikely that he would have been able to improve as much as he did, both in Math and across the board. So IF you have problems structuring your study time, THEN a tutor may be helpful for you. 3. Excellent StudyResources Being motivated with a plan wonââ¬â¢t do you any good if you donââ¬â¢t have good resources for your test prep. It is extremely important to use actual SAT/ACT practice tests when you study, not other test prep companyââ¬â¢s materials, since only the questions that will test you in the same way the real test does are...questions from an official test. Luckily, there are a bunch of free practice tests available online for the SAT and the ACT. What if thereââ¬â¢s a topic you just donââ¬â¢t understand? Letââ¬â¢s make up an example and say I never really understood probability in class, but somehow managed to fake my way through it. Suddenly, Iââ¬â¢m faced with the SAT or ACT, which questions you on probability in really weird ways. To address this, I could try going through back through notes or borrowing old textbooks, prep material from other people. But what if I donââ¬â¢t have any good notes or materials to begin with? Not only this, textbooks and class notes aren't the best way to prep for the tests since they're so different. What if Iââ¬â¢m not good at teaching material to myself? My best bet would be to find a tutor who has a good reputation for teaching SAT Math, and get focused instruction on improving my knowledge of probability. IFyou don't know what the best resources available to target your weaknesses are, THEN you would definitely benefit from time with the right tutor. 4. Effective Way To Learn From Your Mistakes One of the mistakes many people have when they study for the SAT/ACT is failing to thoroughly review the questions they miss. A thorough review involves more than a halfhearted ââ¬Å"Oh, I see. I got this wrong because I was careless.â⬠In order for going over your errors to actually help you, you need to dig deep into why exactly you missed the question. Where were you careless? Did you make the mistake because you were rushing? If so, why were you low on time? What are concrete ways you can avoid making this mistake in the future? If youââ¬â¢re thinking that youââ¬â¢d love to read an entire article about the best way to review your mistakes, then you are in luck. IF you have trouble going over your mistakes and figuring out what in particular you did wrong (and concrete ways to avoid it in the future), THEN hiring a high quality tutor will be helpful. Bourgai Sadia by sebastien Delcoigne, used under CC BY-SA 2.0/Cropped from original. Donââ¬â¢t speed past your mistakes. 5. Ability To Measure Progress In order to successfully prepare for the SAT/ACT, you need a way to measure your progress as you study, and be able to adapt your study plan accordingly. This is the area I have the most trouble in ââ¬â itââ¬â¢s tempting to keep doing the same things over and over, but after a certain point those things may no longer be helping you boost your score. So how do you measure progress? When beginning your test prep, you should take a timed, full-length practice test and score it; alternatively, if you've already taken the test once recently, you can use that as your starting point. As you proceed through your test prep, continue to take timed practice tests at regular intervals, spaced according to how much time you have to study. For instance, if you're preparing for the SAT over the course of two months, start out by taking a practice test at the end of each week of prep for the first month. Why is taking timed practice tests so important to your test prep? It's the only way, short of taking the actual SAT or ACT, to see how you're doing under realistic conditions. If you donââ¬â¢t know if youââ¬â¢re doing better than before on the test, it's impossible to know if your studying is effective...or if you're just wasting your time. By periodically checking your score on practice tests, you'll be able to see if you are improving, and if you need to be improving more quickly to meet your goals (or if you're doing just fine). Let's extend the example of a student who takes four practice tests in the first month of her studying. He started out with an ACT composite score of 24, and his goal is to improve to a 30; however, after a month of studying a couple of hours a week, his practice test composite is holding steady at 26. If this student wants to meet his goal, he's going to need to adapt his studying method. In this case, a tutor would be helpful because she would be able to identify the ways in which the student should adapt his studying method to reach his target score, whether this is by increasing the amount of time he studies or changing the specifics of how he reviews questions he's messed up on. IF youââ¬â¢re not really sure how to measure your progress, or how you can adapt your test prep as you improve, THEN you might find a tutor helpful. No Sweat, Iââ¬â¢ve Got This Without A Tutor If you are confident that you take care of the following on your own: Motivation and Accountability: You have a reason or multiple reasons to study that are actually important to you. Strong Study Plan: You know your target score and the amount of time you have to study and are able to use that to plan out your test prep in a schedule that you can stick to. Good Resources: You have the right material to study, or you have the ability to aquire it. Effective Ways to Learn From Your Mistakes: You are expert at picking apart your mistakes, seeing exactly where you went wrong, and finding solutions to avoid these mistakes in the future. Ability to Measure Progress: You know what your starting point is and that you need to take timed practice tests along the way as yardsticks against which to asses your progress. ...then absolutely go for it - you don't need a tutor to do well, or even get a perfect score, on the SAT or ACT. As I can personally attest, working smart and working hard will get you most places when it comes to test prep. Storytime: When I was a senior in college, I was under the impression that I might want to go to grad school for psychology, and so I knew I had to take the GRE Psychology Subject Test. I didn't have the funds or time for a tutor, and there wasn't really a test prep course out there that I knew of. Instead, I studied with a friend for about an hour a day, every day, for the six weeks leading up to the test. We both scored exceptionally well, and my friend is in the process of earning her doctorate in psychology. So I don't want to suggest that you MUST have a tutor to do well on the SAT/ACT. But if you feel like you need help on one of the above key components, you should consider it. Uh Ohâ⬠¦Iââ¬â¢m Not So Sure I Can Do This On My Own If youââ¬â¢re worried about even one of those 5 areas, however, you might want to consider getting yourself some assistance to maximize your score. The more areas you struggle with, the more a high quality tutor will help. On the other hand, if youââ¬â¢re not entirely sure that you want to go with a tutor, a test prep program, like PrepScholarââ¬â¢s automated drilling platform, is a good compromise. You get motivation, a pesonalized study plan that focuses on your weaknesses, materials, and a way to measure progress, but pay less and miss out on the one-on-one attention. Whatââ¬â¢s Next? Wait, what is it that tutors actually do during SAT/ACT tutoring, anyway? Iââ¬â¢ve got the answer for you! Sounds good so far, but should I be doing online tutoring? Find out here. How do you find the right tutor for you? Reading this article is a good start (although since I wrote it, I might be a little bit biased). Want to get serious about improving your SAT/ACT score? Our tutoring service is designed to be the most effective in the nation. We hire the best tutors from across the country. This is then paired with our exclusiveonline drillingprogramthat gives your tutor complete insight into your progress to design the most effective sessions. Think about what improving 160 points on your SAT, or 4 points on your ACT, can do for you. Learn more about tutoring now:
Monday, October 21, 2019
extraterrestrials essays
extraterrestrials essays Domestic Violence Against Men In the United States, many women cry out about domestic violence in their homes, but are the men always to blame? The idea that men would claim domestic violence against their spouse is practically unheard of. To men it may be a sign of weakness or just flat out embarrassing. The statistics show that in 100 cases of domestic violence, 40% is inflicted by the woman. In a year about 400,000 women are abused, and by doing the math, about 300,000 to 350,000 men are abused by their spouse each year. Men are abused almost as equally as men because, statistics back it up, men are not as outspoken as women are, and women are more emotional causing them to be more violent. From the Detroit News the statistics show that men were: 32% of the aggravated assault victims 10% of miscellaneous other offenses in crimes As stated before, it was said that 40% of men out of 100 cases were the victim of domestic violence, however, in 1998 the Department of Justice report on National Violence showed that only 36% of men were the victims of domestic violence. The numbers are still pretty close. In Murray Strauss and Richard Gelles Conflict Tactics Scales, their research showed that women are more likely to: assault with an object other than a knife or gun The current myth is that women are assaulted by men 90-95% of the time. The actual facts were that 1.5 million women and 835,000 men are the victims of domestic violence each year. The percentage of men abused for that fact is about 38-50%, which was according to major studies from Canada, the United States, and Great Britain. Another myth is that 20-35% of womens emergency room visits are there because of domestic viol ...
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