Macroeconomics - Supply And Demand Term Paper Example | Topics and Well Written Essays - 1750 words

Macroeconomics - Supply And Demand - Term Paper Example Demand, in this context, refers to the quantity of goods and services, which are desired by consumers at any given time and price. For example, if the demand for Laptops is said to be higher than that of Desktops, it means that majority of consumers in the market prefer buying laptops over desktops and hence those businesses dealing with these items would have to consider stocking more laptops than desktops or otherwise risk making losses or minimal profits as a result of low sales. Supply on the other hand refers to the level at which producers avail their products to the market. In this context, if the supply of a commodity is insufficient, then it means that there would not be enough in the market to satisfy the quantities needed by consumers (Thompson 18). In this paper, I will discuss, in detail, factors that affect supply and demand for commodities. With regard to demand, I will discuss factors such as price, which will be explained through a demand curve in order to illustrate the law of demand, income, and future expectations, which will show that customers may refuse to buy commodities in large quantities if they are aware of a possibility of a reduction in price within certain duration of time. Tastes and preferences will also be discussed as having a short term influence on demand as they are subject to rapid change. Factors affecting supply as discussed herein will include prevailing market prices of commodities, illustrated through a supply curve, government policies and speculation. The law of demand states that the higher the price of a commodity, the lower the demand and the lower the price the higher the demand. It therefore goes without saying that price is one of the most important determinants of demand (Krugman 25). Consumers will always consider foregoing expensive items in their budget especially if there are substitutes, which are selling at a lower price or simply due to opportunity cost. For

I'm not sure Essay Example | Topics and Well Written Essays - 1000 words - 1

I'm not sure - Essay Example behavior which are wisdom, trustworthiness, sobriety, righteousness and kindness Confucianism is a way of life sometimes considered a religion and sometimes spiritual philosophy. Taoist beliefs are a way of life including ways of your daily activities i.e. meditation, breathing, diet, use of natural materials. Taoism is all about staying aligned with the natural and basic way of life which the humans have gotten far away from, it’s about the natural cycle of our life system and planet. Both Taoist and Confucian beliefs share the same meaning, they have co-existed in China for over 2000 years. Both of these started as philosophies and turned into religious beliefs. The difference between Taoism and Confucianism is that one relates itself with the search of meaning and the other guides through social matters respectively. 2) Compare and contrast the four schools of Japanese Buddhism we examined in class (Pure Land of Honen and Shinran, Nichiren Buddhism, and Zen) with regard to the issue of self-power (jiriki) and other-power (tariki).  Ã‚  Discuss the implications of each schools position in relation to religious practice and attitude toward human possibilities in the age of  mappo. Pure Land Buddhism is the concept of Honen, a religious reformer. Relating to the teachings of Buddha Honen derived a concept of saving oneself once fallen to the dark depths of life through following the pure land teachings which is a way to salvation and liberation. Pure land Buddhism is and easy path to follow with a few basic beliefs and revolving around discovering one’s inner strength to attain spiritual freedom. Pure land tells that people must use their inner strength in order to improve where as in Shinran beliefs it’s said to entrust oneself to Amida Buddha ( Tariki â€Å"other power† ) which triggers belief and faith and lets Buddha work in the believers mind. According to Shinran true religious state is when not human himself but spirituality i.e. faith heals his inner