Exegetical Paper on Biblical Love and Peace Free Essay Example, 2250 words

Due to lack of love, and due to the failure of man to value the peace that God had initially wanted for man, a strange restlessness comes into play in the life of man, and â€Å"struggles emerge as the way of life†6. The failure to value the peace that had been intended for the life of man in turn results in the creation of an appetite that can never be satisfied. Through the strange restlessness and the insatiable appetite that man has developed, the outward meaning of life for which man was supposed to love the creator and love the fellow humans now turns into the pursuit for self-love, which is created by self-judgment, arising from the perilous knowledge that man derived from eating the prohibited fruit. In this respect, while God had initially intended that man shall always pursue love for God and love for the fellow humans that God created, the exchange of value by man, which resulted in man valuing knowledge more than peace, set man on a life of persistent struggle7. The major problem in the shift from valuing peace and innocence by man to valuing knowledge was not initiated by God, but by man himself. We will write a custom essay sample on Exegetical Paper on Biblical Love and Peace or any topic specifically for you Only $17.96 $11.86/page Thus, if man could stop honoring the strange restlessness that was created by the knowledge arising from the consumption of the prohibited fruit in the Garden of Eden, and start pursuing peace and love as the inherent meaning of life, man can go back to the peaceful equilibrium. At the equilibrium, there is value in loving God and in relating peacefully with others, as opposed to the pursuit of self-determination.

The Culture Example

Essays on The Culture Term Paper Damoya Hall-Reid The Culture Cultural causes of poverty discussed in the article include immigration, alcohol consumption, immoral behavior drug dealing and prostitution, laziness, lack of hard work and inappropriate consumption (Battistoni 1). The structural factors that cause poverty includes lack of economic growth, increased unemployment, discrimination and separation of people based on their characteristics, globalization and loss of jobs, low paid wages and lack of educational opportunities.2. Blame the victim theory of poverty states that those who are poor should be held responsible for being poor because they indulge in activities due to which they continue to live in poverty. For example poor individuals are believed to be lazy and they do not work hard and due to this they remain poor. Blame the system theory of poverty states that it is the government that has caused poverty to exist as they fail to provide enough educational and employment opportunities to the poor. 3. T he term dependency culture states that individuals remain poor because they are too lazy to work hard and they depend on the social welfare opportunities offered by the government instead of taking up jobs. On the other hand the article states that individuals do not take up jobs and remain dependent on the government because there are not enough jobs and remaining dependent on the government is a way to cope with poverty. 4. Poverty can be decreased in United States if the government provides free or subsidized college and university level education to individuals belonging to poor family backgrounds. Furthermore, the government should even make sure that these poor individuals have access to job opportunities along with education so they can study and earn money at the same time to win bread and butter for their families. Works CitedBattistoni, Alyssa. The â€Å"Culture Of Poverty† Myth Returns. Salon.com. N.p., 2010. Web. 16 Apr. 2015.

International economics and finance Free Essays

PART ONE INTRODUCTION The most basic needs in an economic functioning is the starting of the expanding deficit and natural resources which are the essentials of making manufactured goods and are the most important foundation of consumption of economy. As the impact on the financial and economic development is a very entensive debate on its desirability in United Kingdom. Globalisation in both developed and developing countries have changed prior to the relatively unnoticed capital flows in the 1990’s. We will write a custom essay sample on International economics and finance or any similar topic only for you Order Now The UK is one of the richest countries in the world, especially with the current decline in the global economy. They are one of very few that is managing to keep their heads above water. As broadly defined, a Balance of Payment Account records all of the financial transactions of the government with the rest of the world (international economy) over a period of one year. (Begg D, 1987). Essentially, each transaction is always recorded relating with the double-entry bookekeeping. Any amount involved must be entered on each of the two sides of the balance of payment accounts to complete the balances. If the two sides of the balalcen of payment account are not the same, then the case if imbalance occurs. Therefore, these balances are referred to as surpluses or deficits in the balance of payment account. This assignment attempts to discuss how can there be deficits or surpluses of the balance of payment account if the balance of payment account must always balance. With the introduction in the first part, it states the definition and principles of balance of payment. Part two consists of Structure of a balance of payment account, how does balance of payment account balance, causes of balance of payment surplus or deficit, reasons for financing a short term deficit and the steps in rectifying or correcting the deficit. Part three is the last part where there is a conclusion of any suggestions pertaining why the balance of payment account must always balance. Part four states the referencing and bibliography and details of the sources of information used in this essay. PART TWO Structure of Balance of Payment Account The Balance of Payment Account is divided into two sections where the current account measures both the trade in goods and trade in services whilst the capital account tracks associated money flows with investment, services and the currency stabilisation of the UK. Any credit transaction must have a corresponding debit entry so therefore; the sums must always be equal or balance at the end of each transaction made. In 1998 the UK’s Balance of Payments transactions were brought into consideration with other members of the International Monetary Fund (IMF). The Balance of Payment’s statistics was classified into groups as follows: the current account, the capital account, the financial account and the international investment position. How does a Balance of Payment Account balances? As it has always been at the back of my mind when I was taught about the accounting principle of double entry, in every balance sheet there is a credit and debit entry. Every credit entry must have a sorresponding debit entry ans should always have an agreed sum of equal balance. Wherevet there is a surplus, there must be a deficit because they come to terms in a financial transaction and offset each other. Whenever the current account is a surplus, then there should be a deficit in the capital account. If there is a deficit in the capital account then it means that there is abruptly a rise in investment for the UK in the outside world but it cannot last because the other countries wolud also not want to be selling their assets to make another country benifiting from them. If the UK faces a current account surplus, then it is said to be that there is a flow of trade in goods and services funds. A current account surplus leads to an increase of external assets outside the UK. On the other hand, if the current acount is on deficit there is a decrease of assets which are sold to finance the country. Each external transaction is entered in both the current and capital accounts to show the original transaction and how it has been financed. Causes of Balance of Payment Surplus or Deficits There can be so many ways of causes of the balance of payment reaching the level of surplus or deficits. There might be a time when other outside countries are facing current account deficits whilst the UK is facing current account surplus. Therefore this is the most essential time to point out what causes the current account deficit before trying to find ways of correcting them. The causes are explained below as follows: An over valued exchange rate can be a factor of current account deficit as it is believed that it is a branch of the exchange rate being too high which can lead to high export rate and high foreign markets when the import rate is going cheaper. The rising and falling of the imports and exports will affect the current account. The rising of the level of the economic growth can also be a good reason for current account deficit because when consumption and investment tends to rise, there is an increase in spending for consumers which will encourage the deteriorating of the current account. The greater the marginal propensity of import, there will be an increase in imports too. Lack of capacity productivity, poor pricing and non-pricing competition can cause current account deficit because if there in insufficient capacity to meet the needs from their consumers from the producers, then the imported goods and services comes into terms with the satisfaction of excessive demand. Quality, design, offers and reliability can also be considered as they are very important factors. Whereas inflation is seen as a key role for international competitiveness. It the inflation rate of the UK is higher to the rest of the world, and then it will be less competitive to the rest of the world.the UK’s manufacturing sector has suffered over the last 25years because of low cost of production in some new industralised countries which is a declining comparative advantage. Reasons for Deficits and Financing a Short Term Deficit Ways of rectifying / correcting a Deficit There can be ways in rectifying a deficit in the UK with government policies such as Expenditure Reducing Policies and Expenditure Switching Policies. In expenditure reducing policies, there can be higher direct taxes which can lead to a lower disposable income, increased interest rates to soften consumer confidence and consumption, and even the excess in the economy. By reducing the growth of domestic demand, it may encourage UK businesses to switch their production towards export markets. In other words, expenditure switching policies raises sterling price of imports, higher profitability of exporting but there can be an impact of lower exchange rate which depends on elasticity of overseas demand for UK exports. There can also be an instance of achieving a period of low relative inflation which helps the British economy with macroeconomic stability and important for their competitiveness. PART THREE CONCLUSION Currently, the UK is experiencing a current accouant deficit which is getting worst. On the other hand, it ignores the fact that trade deficits are linked to a weak pound currency. The government policy which is aimed at bringing an improvement of trade perrformance does not necessarily turn a deficit into a surplus but hence, the trade deficit is increasing around the world economy as the outside world is accpting the pounds in return for their import payments. The best thing the UK should dois to ignore the trade deficits and concentrate on the how to have a strong economy to attract foreign investment. Investors around the world are seeing the UK as a safe and profitable place for their savings so therefore, the trade deficit will still persisit and the British are better off because of it. PART FOUR REFERENCING AND BIBLIOGRAPHY Richard G L AND Chrystal K.A (2004) (10th Ed) Economics, Oxford: Oxford University How to cite International economics and finance, Essay examples

Hotel Industry for Trip to Dubai - MyAssignmenthelp.com

Question: Discuss about theHotel Industry for Trip to Dubai. Answer: Introduction: As per discussed by Wu, Liu, Chen, and Wang (2014), customers may experience different prices for the same identical good or services by the suppliers, not due to the supply cost. Though charging different prices for same goods is not necessarily price discrimination. Product differentiation due to difference in product features, grants suppliers the power to charge various prices (Zhelobodko, Kokovin, Parenti and Thisse, 2012). In the light of this report, customers will be provided with a detailed account of the trip to Dubai. The report will firstly, start with the discussion of the concept of two pricing economic theories to study the Hotel industry. Following will be the strategies adopted by the manager of the hotel of the destination spot. It will highlight the strategies of the manager in terms of Pricing Strategy, MarketSegmentation, managing Distribution Channel and Information System. The report will also manifold the tourist package of Dubai and can help the tourist to de cide accordingly, in consideration of the prices. Lastly, the conclusion will provide a quick glance for the tourist to study the price differentiation of hotel industry of Dubai. Price Discrimination Theories and Hotel Industry of Dubai: Price discrimination can prevail in the market due to two factors, differences in elasticity of demands and existence of barriers to prevent the customers to change their demand that is changing from one supplier to another. As per price elasticity of demand, the customers are charged lower prices if their price elasticity demand for the hotel services is high while low price elasticity demand for hotel services will ensure the suppliers to charge higher prices. Consumer switching is highly hindered because of the no resale of services rendered by hotel industry. Consumers availing the hotels offers at lower prices cannot cash back these offers and have to avail it at any cost. Airlines and hotels responsive level is too high to a sudden Upsurge in bookings, a practice known as revenue management. The hotels have discretion over prices, this power enable them to set prices. Price discrimination allows hotels to maximize profits by exploiting customer heterogeneity in readiness to pay . In a nutshell, the theory starts from the observation that a hotel with market power would like to charge more to the consumers who value the service more. Hotels with brand images enjoy price setting trends. Hotels build atmosphere of competition.( Balaguer, Pernas, 2014) The hotels then further imply the segmentation of markets to aid the study of their monopolistic nature (Sharma, Lambert,2013) The hotels charge the consumers according to the time period they have booked the hotels. The early birds might enjoy the discount packages while the customers having dire need for rooms booking, may pay high prices for the same rooms. While Hotels that implement variable pricing, for example, hotels that hire a sales manager with quantitative skills, get access to market data from third party providers, and invest a tremendous amount of resources to analytically analyze demand trends. A large proportion of the costs associated with revenue management are fixed. Smaller hotels, for which the incremental outcomes may not justify a full enactment of revenue management, prefer to vary prices only occasionally (week-end and holiday). Courty andPagliero (2012) give a sense of the level of the profits maximisation from price discrimination. Many hotels typically ge t away with schemes that started unwanted responses when used by Sony, Coca-Cola, and the mail company described by Anderson and Simester (2010). These schemes are the variations in prices due to the discounts offered for certain period. Plan of Trip to Dubai: I planned to visit Dubai by the end of May for my vacations, though it was hot enough but the rates were very nominal for the city of superlatives.( Monsef, Al Hajaj, Al Bast,2015) I reached the city via flight of to Dubai. Though the city is occupied with skylines and bizarre of shopping malls but I managed to plan a budget trip to the city of riches. I opted for Weekend Escapes Dubai Package which cost $ 359.36.It offered 3 nights and 4 days stay at Landmark Plaza. It offered airport pick up service of $ 12.25. As well activities were planned for desert safari and Dubai Burj Khalifa tour. While I did an extra expenditure of $ 11 to use the metro service of the city. Trip Schedule: On the first morning, desert Safari and Dhow Cruise Dinner Marina, it cost $98.01. This two hours cruising tours has a complete package with entertainment, Buffet Dinner and beautiful scene of Burj Al Arab, Atlantis and Marina. While the other day offered an exotic dinner at 124 floor of the Dubai Burj Khalifa at $ 91.20.It was the most expensive treat I ever gave myself. Lastly, it picked me up from Deira and charged $12.25. Methodology of Trip: I planned the trip at the time of year when city had no occasions to celebrate and offered early birds offer on accommodation which made a four star hotel stay for 3 nights and 4 days very nominal. The trip was of 4 days stay at Dubai with the idea of fewer burdens on pockets and relaxation for bodies too. The idea of early booking offer is supported by Bezzubtseva and Ignatov(2014). The first thing I did was plan my trip, reaping the most of its I invested my whole savings of the year. Limitations and Segmentations: As I am a student and planned vacations for Dubai at my own expense, I could hardly afford the city for 3-4 days because of the accommodation rates being so high, despite of being reduced (Grigolon and Kemperman, 2014). I know the city has a lot of landmarks to visit; I used Rayna tours, a trusted tourist guide to make my trip memorable and budget-friendly. I had no compromise on quality so I opted for the best airlines to reach my destination safely, though the air fares were bit higher at this time of year. Method of Booking: I booked for the whole package through online Rayna.com tours. They provided the best package of nominal rates to enjoy the landmarks of the city. I made an online booking at the start of May to reap the savings offered because due to high demand and lucrative discounts, no more air tickets are offered. It booked air line through Emirates for being the best and most reliable airline as supported by Lenin(2016). Comparison of Trip with other Time Period: The city is best to travel any time of the year except at the time of their religious occasions like eid-ul-fitr or any other festivals like Christmas due to crowd and high fares. The city had no heat of Dubai festival which increases the fares far beyond my reach. This time of the year was also comparatively higher than other seasons because of summer vacations but still better than Dubai Festival season. At this time of year. Hotels due to demand elasticity, collectively offers packages with reduced rates, somewhat, greater or lesser than others. It also increases its revenues through low price or discount offers like early birds or summer bonanza packages to make your trip worthier. At this time of year, hotel industry caters millions of tourists and knows the demand of hotels services, will give power to the hotels to offer rates not very high or low from each other generally, if of their own same international levels.(Alhosani and Zaidan, 2014) Revenue Manager Strategy: The manager implemented the policy of monopoly because they are very well aware that the foreigners like me cannot afford compromise on quality and will demand better service and safety.( PAtIAr, Davidson and WAnG, 2012), Manager has already offer low package in collaboration with the tourist company, as they had realized that this time of year will be tourist time and the tourists will demand rooms for stay. But to retain their trust and knowing tourist psychic they offered discount offers to be budget friendly. Managers have planned for the customers but they have managed to maintain their monopolistic accommodation rents behind. Conclusion: The city is truly a city of superlatives, which can be afforded by the professionals and not very much by the students. The city has great demand of hotels due to high inflow of customers all year round, so they have maintained their monopoly in markets. They charge their prices according to their wishes under the blankets of budget-friendly, early packages and various other packages. Though, they have maintained their key position in the industries for being the only resort for tourists. The packages though offered are planned for customers pockets but they do not present the same motives behind as they appear in front. References: Alhosani, N. and Zaidan, E., 2014. Shopping tourism and destination development: Dubai as a case study. The Arab World Geographer, 17(1), pp.66-81. Anderson, E., D. Simester. 2010. Price stickiness and customer antagonism. Quarterly Journal of Economics, 125(2), 729-765 Balaguer, J. and Pernas, J.C., 2013. Relationship between spatial agglomeration and hotel prices. Evidence from business and tourism consumers. Tourism Management, 36, pp.391-400. Bezzubtseva, A. and Ignatov, D.I., 2013, December. The Early Booking Effect and Other Determinants of Hotel Room Prices in Europe. In Data Mining Workshops (ICDMW), 2013 IEEE 13th International Conference on (pp. 426-432). IEEE. Courty, P. and Pagliero, M., 2012. The Impact of Price discrimination on Revenue: Evidence from the concert industry. Review of Economics and Statistics, 94(1), pp.359-369. Grigolon, A.B., Kemperman, A.D. and Timmermans, H.J., 2012. The influence of low-fare airlines on vacation choices of students: Results of a stated portfolio choice experiment. Tourism Management, 33(5), pp.1174-1184. Lenin, K., 2016. A Study on the Air Cargo Logistics Operations in Dubai. Global Journal For Research Analysis, 4(5). Monsef, N.A., Al Hajaj, K.E., Al Basti, A.K., Al Marzouqi, E.A., Al Faisal, W., Hussein, H., Abdul Rahim, W.M.S., El Sawaf, E.M. and Wasfy, A.S., 2015. Perceived Depression, Anxiety and Stress Among Dubai Health Authority Residents, Dubai, UAE. American Journal of Psychology and Cognitive Science, 1(3), pp.75-82. PAtIAr, A., Davidson, M.C. and WAnG, Y., 2012. Competition, total quality management practices, and performance: evidence from upscale hotels. Tourism Analysis, 17(2), pp.195-211. Sharma, A. and Lambert, D.M., 2013. Segmentation of markets based on customer service. International Journal of Physical Distribution Logistics Management. Wu, C.C., Liu, Y.F., Chen, Y.J. and Wang, C.J., 2012. Consumer responses to price discrimination: Discriminating bases, inequality status, and information disclosure timing influences. Journal of Business Research, 65(1), pp.106-116. Zhelobodko, E., Kokovin, S., Parenti, M. and Thisse, J.F., 2012. Monopolistic competition: Beyond the constant elasticity of substitution. Econometrica, 80(6), pp.2765-2784.