Advantages and disadvantages of the different economic types

Advantages and disadvantages of the different economic types What is economics? Economics is the study of the forces of supply and the demands allocate deficient resources. Economics is divided into microeconomics and macroeconomics. Microeconomics is something doing with the behavior of firms, consumers, and also about the role played by the government. Macroeconomics is more to inflation, industrial production, unemployment and the role played by the government. Microeconomics is the study about the behavior of small economics unit, for an example, individual consumers or households. Microeconomics is behavior of individual units. Microeconomics main concern is about the factors that affects an individual economics choice. Other than that, economics also can be said as branch of social science that can read the production distribution and the consumption of goods and service. Economics also include scarcity, choice, households, goods and productions as a definition. Economics system are studies of the method and institution where societies determine about the ownership, direction and allocation of economics. There are three types of economics system; Socialist system is a system that can be defined as a centrally planned or can be said as command economics. This system is fully controlled by the government. All the choice about resources are all made by the government. Capitalist system means free market economics. This system is like a freedom economy. This is because of the decisions made by the people. This system is mainly about the people in the country. Mixed economy Mixed economy is an economy based on the free enterprise principle. There is still some form of direct intervention and it is controlled by the government. Mixed economy can be said as a form of organization where both capitalist economy and socialist economy are found. In mixed economy there is the presence of private economic freedom with centralized planning and the common goal of avoiding the problems which comes because of capitalism and social ism. In the mixed economy system the main authorization of the economic activities are mainly by the governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s regulation and the licensing policies. For an example, if someone wants to open a business, they must register and take license from the government for that particular business. So in this way, the government becomes a big power in the country. Mixed economy is also known as dual economy. In a mixed economy, the government runs things as post office, libraries, hospital and many more. Even when there is an industry which is not run by the business, still government get taxes and regulation like wage controls. Most of the people all over our country have no problem with the government take control of things like highway construction, birth certificate, national service economy may seem to be very easy as it is but there are some disadvantages in mixed economy also. The biggest disadvantage is between the public and private sector because they easily get b lurred or sometimes shift one way or another from time to time mixed economy usually increase more government control and less individual freedom. This is why mixed economy is always in an evolutionary process.

To make argument about your own academic experience to an academic Term Paper

To make argument about your own academic experience to an academic audiene - Term Paper Example Ideal may differ from person to person. Something which is ideal to me may not be ideal to others and vice versa. During my management I did my specialization in marketing. Lot of people did their specialization in finance. I think marketing as a subject/course is more ideal than a finance. Before discussing why marketing is more ideal than finance lets first understand what does an ideal college experience means. An ideal college experience means an experience in discovery. It can be related to a particular subject or also personal discovery of self. So an ideal course can be new ways of learning, learning new values, learning new ways of solving a problem or addressing an issue. It is not mere reading a book, remembering a subject and then writing the same in the exam. It is about applying your knowledge and tools to think critically. It is about handling different situations in different ways and finding solutions for all kind of problems Marketing as a subject has got very little to do with theories and concepts. Yes, theories and concepts are important but not from a reading or remembering point of view but from the point of applying it in day to day life. Marketing is about thinking and applying the concept learns during the lecture to handle tricky situation. It is about creating different, new and innovative methods to sell you product or services. It is about creating ideas and strategies. ... That is something a student needs to decide. This is where a student is really tested as in how good is his ability to think and rationalize. Advertisement is a part of marketing. Creating an ad for a particular product or service is a challenging job. That is where the analytical skills of a student is tested. You can judge how creative a student is. Marketing research is also a part of marketing where a student analytical skill is tested. Marketing has got to do with lot of group activities. Where a students learns how to work in a team. He learns the ways to respect you superior and work with you subordinate. Finance on the other hand involves more of theories than practical. Lot of reading is involved in finance. You need to be thorough in the concepts and you need to remember lot of definition. Practical knowledge and activities are very less in finance. Calculation and analytics are important elements of finance but other than that not a lot of all round skills of student is te sted in finance. Further finance has got to with numbers and application of numbers. But when it comes to practical application of finance it definitely is bare minimum. Finance is a very important department in corporate and is essential for any organization. But in studies it has very little do when it comes to group work or applying it in practical purpose. It is mostly theories and concepts and less of practical, creativity and inter-personal skills. Finance is far from being an idea subject because it is one dimensional and does not focus on most of the skills that a student needs to develop. So when you compare a marketing and finance as a subject you will agree to the fact that marketing

Juvemile justice in America chapter 12 Essay Example | Topics and Well Written Essays - 250 words

Juvemile justice in America chapter 12 - Essay Example The programme is mostly focused on the thoughts of an individual that leads towards certain undesired actions. These thoughts are because of experiences and other affecting factors. The programme is rooted in the fact that most individuals are aware of their thoughts and behaviours, and that they can change their actions from negative to positive. The change starts from the thoughts and finally the actions taken by the individual. The programme helps individuals to great lengths, it ensures that they adopt a positive line of thought resulting in change of behaviour and equips them with necessary social skills (Bartollas et al, 2014). The above programmes prove to be highly effective however, they are problems associated with them. The behavioural therapy for example rewards positive behaviour and ignores the negative. This type of approach may create further problems when an individual is doing wrong in a bid to seek attention. Ignoring such an individual is wrong because they will try harder to get the attention they seek, creating more