Economics School-Based Assessment Essay Example for Free

Economics School-Based Assessment Essay Introduction LIME, an acronym for Landline, Internet, Mobile, Entertainment, is owned by the British based Cable Wireless Communications. The company formed from the integrated businesses of Cable Wireless in the Caribbean which adopted the LIME name on 3rd of November 2008. With people spending a lot of time accomplishing tasks and doing researches, the internet has becomevery important to individuals nowadays. Without the internet some individuals think that they cannot survive because of how it is used to provide a variety of information and communication facilities in order to get the work done quickly and/or enjoy one’s self with family and friends. People are becoming very lazy and find it difficult to open a book to find information, so instead they use the internet to gather the information quickly. Businesses also use the internet to do market researches and many other activities. The internet has basically any and every thing. More than 50% of homes in Jamaica has internet and for those that cannot afford the internet, the Government has provided facilities to them. With people wanting to send or receive emails, use search engine to gather information, looking for hobby or interest on the web.I have decided to do an investigationof the Internet Service industry within Jamaica with reference specifically to LIME . Acknowledgement I would like to thank everyone who would have contributed to the completion of this School-Based Assessment. First of all I would like to thank God firstly for the opportunity to do such a project and also for the wisdom, strength and understanding to complete this assignment. Other people who I would like to thank are: My Economics teacher for her constant advices and willingness to help. All those who answered the questionnaires distributed. My family for helping and supporting me during the execution of this project. Objectives of research The aims of this investigation are: 1. To establish the type of relationship there is between price and quantity demanded for internet service at LIME. 2. To examine of the principal factors affecting the demand of LIME and Flow 3. To examine the price elasticity of demand of internet service at LIME and Flow 4. To determine whose internet service can mainly be found in form 5 of the St. Martins secondary school. 5. To briefly examinethe market structure for internet service in Jamaica. 6. To briefly examine the market conditions affecting the supply of internet service at LIME and Flow in Jamaica. Methodology:The SBA was conducted in my community. Primary Sources: 1. Questionnaire: Twenty questionnaires were shared out to students in form 5 of the St. Martin’s secondary school. 2. Interview:The managers of LIME and Karib Cable were interviewed to obtain information such as how they attract customers to their business. Secondary Sources: 1. Textbooks: Economics textbooks were used to have a clear understanding of the Laws of Demand and Supply. 2. Internet: The websites listed in the bibliography were used to further clarify economic concepts to enhance the school-based assessment. 20 questionnaires were given to the students of form 5 in the Community of. Two interviews were conducted with the managers of LIME and Flow outlets inOchi rios. The internet service industry in Jamaica is one of an Oligopoly market structure. Thus, there are only a few large firms, Homogeneous or differentiated products, imperfect knowledge of the market, they are price makers with price rigidity and also have many buyers. As such, there are little competition levels which ideally lead to the producers satisfaction and welfare. After the data were collected from the questionnaire, I discovered that all the participants were between the ages of 16-17. The study as shown that LIME’s internet service was the most  demanded internet service in Guys hill. Question 1 )10 of the students who were given questionnaires had access to the internet at their homes. This may due to the addiction to social networking or the need of having the internet to gather information. Since the internet is the quickest way of gathering information and communicating with others the demand for internet would be high. Question 2: In question (2) 60% of the students said that they have LIME’s internet service while 40% have Flow internet service. The fact that more students preferred LIME’s internet service shows that some method of attracting customers that Flow is lacking. Based on the supply information gained from the interviews, these methods include the sponsoring of events and other methods. Effective use of these methods can increase the demand for internet, lower production cost, will result in a decrease cost price and lead to an extension of demand, all of which increases a firm’s profits. Question 3: The question â€Å"Who pays for the internet you have access to† was asked in question 3. Majority (80%) of the students said that they parents pays for the internet while the other 20% said that their grandparents pays for the internet. This shows that even students may have the desire and the willingness to pay for the internet service; they are not backed by t he ability to pay for it. Question 4: All (20) of the students said that the person who pays for the internet at their home currently has a job. This shows that persons who have jobs are the ones who have ability to pay for internet service at their homes. Question 5: In relation to question 5 responses, 16 of the persons who pay for the internet are full-time employees while the other 4 are part-time. The 16 full-time employees who might be eligible for benefitshave LIME’s internet service and this might be so maybe because of personal preference and wanting top quality service. Question 6: 16 students said that the person who pays for their internet occupational classification is white collar while the other 4 said its blue collar.The 4 blue collar workers internet service provider is Flow, which shows that people who receive less income prefers Karib Cables internet service maybe because of the price of the service. Question 7: In relation to question 8, 18 of the students use the internet mostly for social networking while the other 2 uses it for information. Sites like facebook  and twitter are social networking sites that enable users to communicate with each other by posting information, comments, messages, images, ect and these sites have become the most popular website on the internet. So therefore students may have a deep desire to have internet service to use these sites. Question 8: According to question 7 90% of the students use the internet on a daily basis. Based on the questionnaire this is due to addiction to social networking by these students. The other 10% uses it weekly and this is due to the need of gathering information. Question 9: In question 9 the question was asked â€Å"What is the main factor of choosing your internet service provider?† Many factors affect the demand for a specific internet service such as preference, price of the internet and advertisement. 60% of the students said that it’s because of preference while the other 40% said that it’s because of price of the internet service. This may be so because people may have a greater liking for a certain internet service because of its reliability. No onewants to be experiencing difficulties with the internet while surfing. Question 10: 8 persons said that they pay a price range of $800-$1000 while12 persons said that they pay from $1300-$1500 According to the information on the questionnaires the 12 persons who pays at the price range of $1300-$1500 internet service provider is Lime, which shows that flows rates are a little cheaper than LIME’s rates. Question 11: All of the students internet speed is 1 megabyte per sec. Although LIME and flow provides 4mbps, which is a lot faster than 1mbps shows that people only have the ability to pay for 1mbps a month. Question 12: According to question 12, 60% of these students don’t experience any problems at times, while the other 40% experiences problems. The 60% of students who don’t experience any problems internet service provider is LIME. This means that even though LIME’s rates are a little more expensive, they provide better service than Flow and that is why LIME attracts more customers to their services. The fact that LIME’s internet service is more expensive may due to the cost of production. Question 13: 6 of the students who experience problems said that they experience slow internet at times, while the other 2 students said that at times they don’t have internet at times. Question 14: In relation to question 14 these problems were experienced daily by 25% of these student, 25% weekly and 50% of the students who experience problems experiences monthly. Question 15: The question â€Å"If the price for your internet was $1000 a month for 1MBPS (Mega Bytes per Second), you would purchase â€Å"20% of the students said that they would purchase 2mbps at $1500 per month. This shows that persons have the desire and willingness to purchase 2mbps but they don’t have the ability to do so. Question 16: 50 % of the students showed willingness to purchase 2mbps at $1500 per month. As price increases from $1500 to $2000 for 2mbps, the quantity demanded decreased thus, the law of demand stands (as prices increase, demand decreases). The P.E.D was calculated as -0.15, indicating price inelasticity. As the price increases from $1500to $2000, demand also decreases and the Law of demand is also obeyed. The P.E.D. in this case was -0.3, thus indicating in another price inelasticity. Findings 1. There is a negative relationship between the prices of internet service and the quantity demanded. This simply means as price increases, quantity demanded decreases and as price decreases, the quantity demanded increases. 2. The principal factor affecting for internet service is one’s preference. 3. Internet service is price inelastic, therefore the quantity demanded is unresponsive to changes in price. 4. The existence of foreign firms (LIME) in the local economy can create good competition and result in higher consumer satisfaction. Recommendations Both LIME and Flow can endeavor into improving in the following areas if they haven’t already done so in order to boost sales and have a better competitive stance: Flow should use suggestion boxes to get feedback from customers about problems they face. Increase advertising to make the customers to have a greater liking for their internet service since preference is the factor affecting demand. The government should open up the market for internet service further. This would add to competition. Competition would lower prices and also keep money in the country since LIME is owned by the British base money is most likely exported out of the country. Sponsor more events that are taken place in the country. Sell 2MBPS at cheaper rates since more people are demanding 2MBPS. Conclusion In this investigation between LIME and Flow, I have come to realize the major role that economics plays in the operation of a business. It was deduced that LIME is a better internet service provider than Flow since bigger consumer market and their customers experience no problems. Bibliography Book: Websites: http://www.time4lime.com/vc/internet.jsp http://www.Flow.com

King Louis XIV: A Disastrous Ruler Essay -- European History Essays

King Louis XIV: A Disastrous Ruler It is often debated whether or not the reign of King Louis XIV had a positive or negative effect on France. Although there were improvements during his reign in transportation, culture, and national defense, there were far more negative aspects. He depleted the national treasury with his liberal spending on personal luxuries and massive monuments. His extreme fear of the loss of power led to poor decision making, which caused the court to be of lower quality. King Louis XIV’s disastrous rule brought about a series of effects that influenced the French Revolution in the following century. King Louis XIV's 72 year reign was incredibly influential in shaping French history. King Louis XIV’s childhood was traumatic because of â€Å"La Fronde† which was a noble rebellion against the monarchy. This experience taught King Louis XIV to distrust the nobles. It was for this reason that he eventually excluded nobility from the council and surrounded himself with loyal ministers whom he could control. He also separated the aristocracy from the people of France by moving the court to the Palace of Versailles. One of the most notable of King Louis XIV’s decisions was that he refused to appoint another Prime Minister after the death of Prime Minister Mazarin. Every decision, from the declaration of war to the approval of a passport, went through him personally. During his reign as king, France participated in several wars including the War of Devolution, in Anglo-Dutch War, and the War of the Spanish Succession. Another major action he took was the proclamation of the Edict of Fontainebleau, which revoked the Edict of Nantes, imposing religious uniformity through Catholi... ...roblems and turned a great number of people against the monarchy. These events lead to the resentment that was another key factor in beginning the French Revolution. The end of King Louis XIV’s rule was especially disastrous. After the death of his advisor Colbert, King Louis XIV made even more horrible and costly decisions. He further enlarged the military and entered into many wars in which he lost a great deal of her newly acquired territories and increased the national debt even more. In short, the reign of King Louis XIV had a disastrous impact on France. His liberal spending, appointing of easily controlled people to court, revoking the freedom of religion, and poor decision making sparked the economic burdens and resentment of the aristocracy that were major factors in the French Revolution and the eventual downfall of the French monarchy.

Poverty in America Essay

Poverty is an epidemic that has swept the American nation many times over. Whether it be quietly lingering under the surface, or blatantly staring us in the face as it is in this current recession, it affects people across America on individual, community and national levels alike. While there are many causes and effects of poverty, it is important to view the issue of poverty and its causes from all angles when one seeks to tackle the problem. These factors include socio-economic status, mental illness, family values and work ethics, to name a few. In this essay, I will be examining these factors as they are discussed in the book, The Glass Castle by Jeanette Walls (referred to as Glass Castle throughout essay), as well as in the article Poverty in America from the Congressional Digest, December 2010 (referred to as Census throughout the essay). When children are born into poverty, it is the only life they know. They often grow up to either see life from the viewpoint of, â€Å"that’s just the way it is,† or become determined to better their status when they are old enough to do so. Children don’t often realize they live in poverty until they are told by their peers, such as when they are called poor and see people taking pity on them or make fun of them. They may also realize they are different when they are exposed to what other people have and realize that they have much less. As noted in Poverty in America, poverty level, in itself, is merely based on an income deficit, whereas one’s household receives less money than another; it also relates to the standard of living (Census, pg. 300). When one has less income, less things are afforded, however living within those means will often create or hide the barrier that is poverty. While one family may learn to utilize their resources effectively and appropriate funds where they belong, another will attempt to make fast money such as through crime or gambling. As in the story of the Glass Castle, the father spends the money the family has on gambling, sometimes paying off and spending the money on lavish dinners out and treats; other times they are deeper in poverty since gambling funds are not the most stable income (Glass Castle, p. Living in Las Vegas). Addictions and mental illness have impacted the nation and led many families into poverty. While not directly discussed in the article, it may be  presumed that these issues play a role in keeping people from holding jobs, working full time and gain the skills necessary to find gainful employment. The article cites work experience and less-than-full-time workers as being affected by increased poverty rates, especially in this recent economic downturn. Additionally, whereas it was normal for a single mother to stay home and care for her children in the 1950’s when the poverty census was first started, it is expected now for single parents to work and better their economic status for the well-being of their family. With the costs of daycare and living skyrocketing since the 50’s, women sometimes seek easier means of making money and still staying at home, including prostitution and drug dealing. Many of these women were also sexually abused and preyed upon because of th eir economic status and other issues affecting their childhood, which may lead to substance abuse in adolescence and early adulthood. Sexual abuse was a prominent theme in the Glass Castle, as the parents were very hands-off and flighty, leaving the children exposed to predators and even victim to family members. While Jeanette’s parents felt that the children will only become stronger by facing hardship, these factors will often cause self-esteem, trauma, depression and anxiety in children who grow up into alcohol and drug abusing adults; this may also begin the poverty cycle for generations to come. The cycle of poverty being exacerbated by drug and alcohol use is first noted in the Glass Castle with insight into Rex’s drinking problems. While he has attempts at periods of sobriety, he always returns to the bottle. It is apparent that he has dreams of grandeur, always telling the children that they will one day live in a glass castle, going so far as to build blueprints. He is a self-proclaimed inventor and thinks very highly of his skills and self, but is constantly losing jobs and sweeping the family away to avoid the law. While he has the emotional support of his family, he is battling his own demons of feeling like a failure, leading him to steal his wife’s money, gamble profusely and even takes steps toward selling his own daughter for a quick buck (Glass Castle, pg. rex takes to bar to play pool, win money back). He also seeks the comfort of a prostitute, probably to have the company of someone who makes him feel better about himself (Glass Castle, pg. Brian tells Jeanette about reading comic while Rex/Ginger were  in hotel). It’s also interesting to examine the impact of the sexual abuse Rex may have been exposed to as a child by his mother, which could have been the start to his cycle of living in a dream-world, using alcohol and low self-esteem (pg. when they tell Rex Erma tried to molest Brian and wonder if he was abused). Beyond addiction issues, mental health problems were also a focus of the Glass Castle, as it appears that Mary was, deep inside, a solid person with a good family upbringing, an education and was probably capable of being a good mother. Unfortunately, she was an â€Å"excitement addict† (Glass Castle, pg. inherited house in phoenix) and even gave up her teaching job to be an artist (Glass Castle, p. Mary returns from Bluefield), even though her children were starving. She also followed her husband through all of these adventures, partaking in all the excitement and neglect/abuse of the children, seemingly oblivious to any wrongdoing. Following the periods of excitement addiction, she would have depressed moods, staying in bed and complaining of the burden of raising a family and missing out on her chance to be an artist (Glass Castle, p. when they find diamond ring). It would appear to me that, while Mary has her times of trying to do what’s best for her family, she may be suffering from a mental illness, such as bipolar disorder, making choices that are mostly selfish to fulfill her fun and excitement; she also makes very poor financial choices for her family, such as not selling the million-dollar property to feed her family (Glass Castle, pg. Mary wants to borrow money from Eric to buy adjacent land) and not using money from work to stick with a budget so that food and indoor plumbing and coal can be bought (Glass Castle, pg. Mary is teaching and Lori and Jeanette make a budget and ask to hold money). In addition, mental illness is often thought to be genetic, with some syndromes passing through generations. While most of the children in the Walls family eventually become successful adults with seemingly normal lives, Maureen adapts some of the characteristics of her parents, ultimately ending up living a bizarre life of chasing cults a nd getting locked up in a state hospital (Glass Castle, p. Maureen stabs Mary). Family values play a large role in bringing, and keeping, people in poverty; especially families. Although there have been separate social classes throughout history, values and work ethics are two factors that can change over time and create a different outcome of values and ethics. Through the article, the reader learns that recessions have caused disparities at different levels since the census began recording this material in 1959 (Census, p. 298). While each recession has differed slightly, the length and severity of increased poverty has happened in different extents, leading one to believe that the values/ethics of the time may be affecting how people handle changes in their economic situations; how families handle ongoing poverty over generations will also determine the overall success of that family coming out of poverty or remaining in it. The work ethics and values were definitely confused throughout the Glass Castle, with Rex having a history of serving in the Air Force and Mary being educated in teaching and falling back on that from time to time, barely keeping the metaphoric family head above water. There is also question about the values that are being taught to the children; where one parent proclaims to be a devout catholic that doesn’t attend church or follow the commandments and another parent despises and puts down the religion. Other family values that the children are exposed to include shoplifting (Glass Castle, p. where they steal dresses and get caught) and stealing from the bank (Glass Castle, p. where dad and mom are stealing money), as well as stealing lunches at school and dumpster diving; all of this yet Mary refuses to even consider government aid when the idea is mentioned, presenting herself as better than that. Also, family traditions that the children see other people participating are often ruined (Glass Castle, p. where dad lights tree on fire) and the family learns to deal with it by just understanding there is nothing they can do. Hope still remains for those in poverty. We know that, economically, everything that goes up must come down, and when it comes to the economy, the opposite is likely to occur as well. As the Census shows us on p. 298, while poverty levels have dropped and risen over the past five decades, they do resume along with the economy and each person in poverty still has a chance at changing their situation if they work hard enough. The coping  skills that people learn when they live a life of poverty to effectively live within their means prioritize can make or break the future options they have before them. As the Walls children show us, one can change their future when they put their mind to it. The children lived through so many experiences of suffering and neglect, and were always trying to help their parents get it together so they could have a better life. While the children learned to cope with their parent’s ways, they also were intelligent and ambitious, and having been taught to dream, they were able to imagine a better future and a higher standard of living. While poverty has been an ongoing issue, there are many causes and facto s associated with this social construct, and many ways to overcome it. In this essay, which combined poverty information from the 2010 Census and the book, The Glass Castle by Jeannette Walls, the effects of mental illness, addiction, family values and work ethics on poverty were discussed and examined. The overall conclusion of this writer would be that poverty can be overcome as long as individuals are willing to help themselves and their dep endents and overcome the obstacles that they face in order to create a better outcome. References 1.Congressional Digest (December, 2010). Poverty in America: Census Population Report. Retrieved April 1, 2011 from www.congressionaldigestdebates.com. 2.Walls, J. (2005) The Glass Castle: A Memoir. New York, Simon & Schuster.

The Kennedys and Their Politics - Free Essay Example

Sample details Pages: 3 Words: 982 Downloads: 5 Date added: 2019/05/05 Category Politics Essay Level High school Tags: John F Kennedy Essay Did you like this example? The Kennedys are a broad topic to elaborate on. There are many interesting facts throughout history that explains the life of the family before and during the presidential election of 1960. Even before John F. Don’t waste time! Our writers will create an original "The Kennedys and Their Politics" essay for you Create order Kennedy became our 35th president, he acquired many accolades throughout his career in government. In 1946 Jack which was a nickname he gained from his family ; also a common name used with John ran for Congress successfully. He held this position for two years. A couple of years later, after his term in congress ended, he ran for Senate in 1953 successfully and held this position until 1960. This year was also the year of the presidential election which he won and served a term of three years from his inauguration in 1961 until his assassination in 1963. Early life of John F. Kennedy Backing up to the early 1900s John F Kennedy was born May 29, 1917 in the town of Brookline Massachusetts. His family was very wealthy and large I might add. His parents were Joseph and Rose Kennedy. Jack also had eight siblings: Joseph Patrick Junior, Rose Marie, Kathleen Agnes, Eunice Mary, Patricia, Robert Francis, Jean Ann and Edward Moore Kennedy. They all attended a local public school named Edward devotion school. Jack attended there from kindergarten and 1922 until the start of his third grade year and 1925. He missed school a lot due to bad health. JFK (John F. Kennedy) caught scarlet fever-a fatal illness in those days. After he recovered, he became sick many more times and dealt with this for most of his childhood, adult life and his presidency. When his third-grade year began him and his brother Joseph, were transferred to a private school in Dedham, Massachusetts called Noble and Greenough school. According to history.com his parents decided to move the two brothers for disciplinary reasons and thought they would be better off at a private school. Said by thoughtco.com, the Kennedy family was one of the small amount of Irish families attending Noble and Greenough school at this time. Throughout the school, there were little to no jewish children and most students that attended were of the protestant faith. Years later, the school itself was bought by developers. Joseph Kennedy, Jacks father, wanted to help start a new school called Dexter school and only boys institute in Brookline Massachusetts.(JFK elementary school years) When the dust settled, the Kennedy family moved to New York, planting their feet in Riverdale which at the time was a nice neighborhood in the Bronx. Jack attended many schools throughout his childhood, as you can tell and there are too many to say without boring you so lets get to the important ones. He finishes high school at Choate in Willingford, Connecticut where he is a part of a social club called the Muckers (founded by JFK himself)This club consists of people he was friends with and his partners-in-crime. Eventually moving onto college. The Choate school itself had a lasting impact on Jacks life moving forward. He used what he learned and skills he acquired throughout his presidential speeches in years to come. (Blythe Grossberg) John F Kennedy had a poor academic record and when he apply for colleges things were not looking so good for him. He put in an application for Harvard and as we all know today that the school is very tough to get accepted to. According to an article in the Huffingon post They looked through his transcript and said that it was less than spectacular and they were not impressed. He had complications in many of his core classes finishing his high school years out with mini failing grades, yet his grades in history were his best out of all; which was an average of an honorable 85 B. ( JFKs Academic Record and Harvard Application) John F Kennedy graduated in 1940 from Harvard University with a bachelors degree of arts in government. The following fall he planned on attending Stanford university but set this aside to pay more attention to President Roosevelt declaration following the pearl harbor attack. Later joined the Navy in 1941 and also became an ambassador for great Britain. In 1944, Jack was promoted to lieutenant after fighting in our US Navy for three previous years. Due to injuries you received during this time they had to send him stateside to receive treatment and physical therapy in Arizona.JFK was discharged from the US Navy with honor in 1945. Injuries from water can worsen over time without being active and because of this Jack had to have back surgery eight years following his discharge. In 1960, JFK (age 46) ran in the presidential election. His opponent, Vice President Richard Nixon -republican nominee- lost in the close fight against Kennedy -democratic nominee. President Kennedy?s inauguration took place on January 20, 1961. Her served a 2 ? year term before his assassination on November 22 1963 during a parade at Dealey Plaza, Dallas Texas. John was shot in the head while seated in his car with his wife by who people are to believe a man named Lee Harvey Oswald. The weapon used in this case was an infantry rifle. This incident caused such a commotion in the United States and lift people with many questions and concerns. Oswald was killed on live TV in the basement of a local night club two days later by Jack Ruby who is the owner of the club. The weapon used in this case was a 38 revolver. Even though Ruby was trying to do the right thing for the people of the United States he was still taking into custody and charged with first-degree murder. To learn more information on the Kennedy assassination and complex to follow the documents and in files have been recently opened to the public by President Trump and the year of 2018. I would highly recommend taking a look throughout these files. There are many interesting facts you can discover within them.