Economics As An Area Of Study And Research - 1372 Words

Economics Name Course Tutor Module Institution Introduction Economics as an area of study and research borrows from the social and scientific aspects of life. The interplay between the two principles helps in the formulation of ideals that influence distribution, production, and consumption. Right from the ancient times understanding and definition of the term dwelled on the issue of political economy. Nonetheless, developments by made scholars in the sector saw the formulation of new meanings that separated economics from other political and social sciences. Marshall (2004) noted that the essence of economics is to study the interaction and behavior of various economic factors that determine how economies work (Marshall 2004). Understanding of economics calls for the division of the subject into two main branches. The areas are microeconomics and macroeconomics. Microeconomics is the basic form of economics in the society. It examines the roles of households, individual consumers, and markets in a given region. On the other hand, macroeconomics examines the factors that affect the larger components of the economy. It focuses on issues such as national investment, consumption, production, and savings. It further analyzes other factors that affect the performance of the components such as unemployment, and fiscal and monetary policies (Taussig 2013). Microeconomics As one of the major sub categories, microeconomics looks at the interaction of factors that create aShow MoreRelatedGender Relations Between Rural Areas And The West Of Iran1580 Words   |  7 Pages Gender Relations in Rural Areas Summary of the Article   This paper gives a detailed analysis of a peer-reviewed sociology paper to discuss the theme in the paper, giving a summary of the article with research methods and research findings plus relevance of the paper ‘Geographical Perspective on Gender Relations in Rural Areas; a Comparative Study in North and West  of Iran’. The article ‘Geographical Perspective on Gender Relations in Rural Areas; a Comparative Study in North and West of Iran’ featuredRead MoreCWF As An Equitable And Effective Public Health Case Study1375 Words   |  6 Pagesconditions and search terms shown that there is a very small number of contemporary studies on the subject and only five were allowed for the final review. Most papers recognise CWF as an equitable and effective public health intervention. It is beneficial for all, but the lowest SES gradient gains the most. Scope of studies The researches presented various methods of determining oral health in different socio-economic in fluoridated and non-fluoridated regions. Armfield (2005) screened available dataRead MoreHuman Immunodeficiency Virus ( Hiv )1389 Words   |  6 Pagesmust be done to improve upon and create more efficient and effective services to combat HIV. Bateganya et al chose to research the impact of social service interventions in developing countries in order to gain an understanding of how aid might be affecting the lives of people living with HIV. Their research was done through the review of studies reporting the impact of economic strengthening interventions on individuals with HIV’s health. HIV can create financial challenges for infected and affectedRead MoreBuilding The Economic Case For The Preservation Of Open Space1750 Words   |  7 PagesTITLE Building the economic case for the preservation of open space: An analysis of the limitations and advantages to utilizing the Benefit-Transfer Method toward natural capital and ecosystem valuation. AUDIENCE My primary audience includes local, regional and state urban planners and policy-makers who are considering Benefit-Transfer Methodology (BTM) as a tool to preserve open space and ecosystem services through policymaking and/or political influence. Additionally, environmental organizationsRead MoreThe Importance of Clean, Reliable Water Resources for Economic Development1314 Words   |  5 Pagescreatures, needs water. It is the essence of life in all respects and has a vital role in regards to the central life of humanity and its development. There is no substitute for water. Availability of clean and reliable water resources is central to economic development. Efficient water management could mitigate water related crises such as droughts, floods, degradation of water quality, negative consequences of excessive ground water withdrawal and improve the reliability and allocation of water resourcesRead MoreA Study Of Gond Tribe : Livelihood Opportunities And Challenges1576 Words   |  7 PagesMETHODOLOGY Research is a systematized body of knowledge. The reliability and legitimacy of research findings depend upon methodological framework engaged. Methodology is logic of scientific investigation. This chapter deals the methodology part which helped formulation of the study in systematic manner. It begins with research design, the methodology approved to gain the objectives of the present study also presents the features of the area and the region; the data collection method got the toolRead MorePublic Policy Analysis And Management Should Be My Next Step1490 Words   |  6 PagesDuring an economics lectures the professor said to my class â€Å" I do not know whether the increasing income inequality is an issue or not†. I was perplexed. I thought the goal of Economics, as a social science, was to achieve the maximum welfare of people by using all the resources most efficiently. So how is income inequality that renders many people worse off, not an issue? I knew he did not sta te his opinion to avoid introducing his bias. However, if everyone in the world were to keep their understandingRead MoreGentrification Of Gentrification And Labor Markets1397 Words   |  6 PagesIntroduction The study of urban spaces, especially with respect to gentrification, has increased dramatically in significance and relevance in the past several decades. With the resurgence of city living’s popularity, urban revitalization has occurred in neighborhoods across the United States and brought with it significant economic and social change. Gentrification is known as a process of moving in wealthier residents and thereby increasing property values. From this, many conclude that it constitutesRead MoreSocial Structure And The Occurrence Of Family Homicides1663 Words   |  7 Pagesstructure had an influence on the occurrence of familial homicide in any significant fashion. They wanted to analyze the relationships between social disorganization, economic deficiency, and different types of family homicide. Diem and Pizarro (2010) stated in their research that due to the rarer incidences of family homicides not many studies have been conducted on disaggregated family homicide types, with the exception of intimate partner homicide, as they relate to social structure, so they wantedRead MoreEssay On Sex Women In Nigeria1020 Words   |  5 Pagesincreasingly depend on large loans in order to foot the bill for their move, it provided an opportunity for traffickers who enticed young women to migrate with promises of good job s (but later coerced into prostitution) (Carling, 2005). According to a recent study, traffickers especially in Kano state success-fully exploited the annual pilgrimage to Mecca to traffic children, men and women for different exploitative purposes – prostitution, begging and all forms of domestic work (Ehindero et al., 2006). Gap

Marxs Theory on the Fall of Capitalism - 1479 Words

Why did Karl Marx believe that capitalism would eventually collapse and be replaced by communism? To what extent were his predictions confirmed by the history of the twentieth century? Karl Marx is regarded by many as the first social scientist ever. Although it is argued that Adam Smith was the first great economist, and David Ricardo the first great modern economist, Marx is undoubtedly the economist that has had the biggest impact on economic history. It was he that masterminded the concept of a socialist utopia, which ultimately led to over a third of the world been ruled under the communist regime , a model that Marx concocted. Born on 5 May 1818, in Trier, one of Germanys oldest cities, Marx was the first economist who infused†¦show more content†¦Workers would be wasted in their jobs as they would be doing the same thing on a day to day basis, his line of reasoning was that the workers were putting their jobs before their human needs. Marx believed that the worker would become a slave of the machine that they operated every day. In his Communist Manifesto, Marx wrote that the proletariat are daily and hourly enslaved by the machine, by the overlooke r, and above all, the individual bourgeois manufacturer himself (Marx. K, Engels. F, p 15). If a worker had the same routine for years on end it would lead for him to start thinking that something needs to change, this was what Marx hoped would happen, that the worker would realise that he was just a tool for a system that did not care whether he prospered or not. With rising discontent, Marx believed that revolution would follow. Marx was incorrect when saying that the workers would become alienated from the capitalist system due to all the above factors, in fact he couldnt of been more wrong. This point was one of the gaping errors in Marxs predictions, standards of living have massively increased for the working class since Marx wrote Capital (1867). The UKs GDP per person has increased from  £3,191 to  £19,030 from 1870 to 1999 (Maddison, 2001). This puts a lot of Marxs work in to question as the proletariat are happy because they are experiencing increased standards of living, revolution cannot happen if theShow MoreRelatedThe Communist Manifesto And Das Kapital1151 Words   |  5 PagesDas Kapital. Among his theories he discussed ideas involving the economy, politics, and social relations. Some of his most important phrases most central to Marx’s thinking were alienation, freedom, surplus value, and social relations of production. The new ideas he presented regarding politics and economics, h is critiques of other theories and political systems, and the long- lasting impact he had on society are what made Karl Marx innovative. Marx argues that capitalism creates alienation andRead MoreModern Political Ideas and Doctrines Essay1670 Words   |  7 Pagesa) How did Marx conceive the transition from capitalism to communism? Karl Marx is considered to be a historian, a philosopher, a political thinker, and an economist amongst other things. There is a standard misconception that Marx had no idea of economics, by contrast he was quite the economist, and was able to layout the transition of capitalism to communism in a very logical and understanding way. The transition of capitalism arises through three core factors: the philosophyRead MoreEssay about Does History Have an End?1045 Words   |  5 PagesCommunist Manifesto was published just before the European Revolutions of 1848. It was meant as a statement of purpose for Marxs newly formed Communist League and its straightforward, even prophetic, tone is that of a man confidently explaining to a confused world the reasons for a tumult which had not yet begun. Why is he so sure of himself? The answer to this depends on Marxs deterministic view of history. 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Applying to Marx’s Theory towards slavery, it showed how the society use to be and how it impacted the slaves to be part of their culture to manifest the society. Slavery was based on consumerism through religion, capitalism, culture, and community to enrich the economy. Slavery had an huge impact towards the society due to their production of goods which were dominatedRead MoreMarx v. Weber1453 Words   |  6 PagesSocial Theory October 1, 2013 German sociologists, Karl Marx and Max Weber, each both had theories about how capitalism evolved in society aswas well as what social inequality is. In this essay, I will explain the theories of these two sociologists in these areas and show how each had merit based on what we know today. O.K introduction but no real thesis.) My thesis (Aha!) for this paper is that capitalism breeds social inequality. 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Ever since the age of imperialism, globalization has served to spread capitalism and its effects across the world. This globalization did not occur as predicted by Marx, with â€Å"capitalism spreading across the world† and uniting the proletariat of every nation against the bourgeoisie (Munck 51). Instead, as discussed earlier, globalization took a different route, forcing an interconnectednessRead MoreThe Communist Manifesto By Kar l Marx Essay1374 Words   |  6 Pagesstructure of governments and society in countries around the world. The theory behind â€Å"The Communist Manifesto† is a simple one: â€Å"The history of all hitherto existing society is the history of class struggles†Ã¢â‚¬â€ but, Marx believes, history could take a new direction if guided by the disinterested equalizing force of communism. In the first chapter of his great manifesto, Marx argues that as the bourgeoisie, motivated by ruthless capitalism and industrialization, accrued more and more wealth, the proletariatRead MoreMexican Society in the eyes of Karl Marx and Emile Durkheim1118 Words   |  5 Pagesopportunity to explore a current event in Mexican society and the influence of social media which we attempt to view through the eyes of both Karl Marx and Emile Durkheim. We will focus on Karl Marx’s conflict theory of capitalism and Emile Durkheim’s structural functionalism theory of dynamic density. Bot h theories remain relevant today, and a correlation exists regarding the effect of social media on egoistic versus altruistic states of anomic suicide in present society. In summation of the article

Video Game Visions of Climate Futures

Question: Discuss about the Video Game Visions of Climate Futures? Answer: Introduction: The E-Sports or the electronic sports are known as the mind sports, where the sports primary aspects are to be facilitated with the help of the video games. The teams and the player's input and also the e-sport system output are to be mediated by interfaces of the human computer. Many of the e- sports have taken the place of the organised games of the multiplayer video and competition between the professional players (Abraham, B. (2015)). No particular list of the games is available which is to be good for the e-Sports. The beauty of the seed industry is that where there is the competition in the games the gamers will surely find how to battle it out. Similarly to the traditional sports, the e-sports also consist of many types of the games. But those games are not to be mimicked by the traditional sports. For example, in the game of the Aspen, the choice is of the Counter-strike, as the first person shooter one chooses to be the better terrorist or the counter- terrorist. But in spite of all this, there is one major difference between the normal sports and the e-sports which may help to keep them dust away from the reach of the non-gamers (Chikrii, A.2014). Hence, e-sports or the electronic sport is the umbrella term for the competition, organised and computer gaming between the game professionals. Findings and Analysis: Globally, there are around 2.2 billion people who are interested in the e-sports. And out of this 1.6 billion people, only actively participates at least in one of the sport and out of these 1.7billion people participates in the e-sports games. Around 89 billion people globally are the frequent viewers of the e-sports and is anticipated to grow around 145 million in the coming next three years. E-sports are becoming popular in the Asia but are particularly becoming popular in the Korea for the last Ten years. The growth of the e-sports in the West is also accelerated both in the terms of the revenues which are CAGR+29% and the audience which is CAGR+20%. The involvement of the consumers in the different level of the e-sports results in the regional growth. The conservative scenarios are used for the generation of the revenues with the help of comparison with the traditional sports so that the revenues can be surpassed up to $1billion within a few years. The success and the great growth of the e-sports are due to the sharing of the content of the video game. In the year 2005 only there were 1% of the consumers who were to be considered as the prosumers or the creators. After ten years every one with the sharing of the experiences and the creating new ideas can earn money and can generate high revenue. By looking at the enthusiasm of the fans towards the e-sports with the sports such as the ice hockey and swimming will increase the number of the fans in the year 2017, equivalent to the fans of the American football. For organising, a great team a huge amount of the funds are required for organising the schedule of the overall practice and also to organise the travel for the tournaments, also to keep the players happy all the time so that the players can perform well. For the creation of the team, one has to balance the financial risks with the potential advantages. In the games or sports, there exists a chain which allows the young players to progress and train from the beginning through the local clubs and further to send get to play at the larger clubs which is totally dependent upon their talent, prognosis and work. All good players get turned turn into even bigger and better players (Burk, D. L., 2013). The hardest working plus the most engaging ones are rewarded for their extra ordinary effort. In todays time, the problem in the e-sports is that each and everything is till time very chaotic as well as slightly unorganized, and no such system has till date been organised which shall provide the players progress. Also, there is no place at where the players who wish to try their luck in the professional gaming can develop and group up. These are still being done by thanks to recommendations or also the random gatherings. Yes, I will go for investing in the creation of the team as this e-sport is growing at a great pace and also increasing the chances of the revenue generation. The professional gamers are in the spotlight and are observed on the every sparking shows on the television, the sold out stadiums and merchandise in their honour. The team created for the platforms such as the Twitch.tv, and the League of Legends will help in making the professional gaming more popular than ever. The competitive salaries of the players with those of the professional athletes will help the community in skyrocketing and also help in generating huge revenue. A team of the committed players will be generated with the fanatical and massive audience which will help in generating the high revenues with the interest of the age group 18-34 in the digital demographics (Comerford, S., 2012). For creating a team, the contract is to be made by the player; a tournament trip is to be taken. For achieving the goals, the team will be provided with the equipment and whatever is required by the team. It is estimated that the industry of the e-sports will earn almost 250 million dollars in the year 2015 as per the predictions of the newZ00 company (Umpleby, S. 1971). Conclusion E-sports is a massive category of gaming globally but was not communal until the internet brought these games of the e-sports together and allowed them to use the statics for competing against one another. And now the large category of the population is consuming these competitions as the fans. This shift of the consumption in the media has created the market ripe for the investors as it is continued by the entrepreneurs to write the script and the ecosystem continue to be built out. If any person wants to get into the business of the e-sport has to focus on the three main key areas without being getting involved in the RD or in the immediate cost of the operation to afford. The substantial rise of the legitimate e-sports or the competitive gaming is now has become an extravagant and the recognized source of the income (Mukherjee, S., 2016). References: Abraham, B. (2015). Video Game Visions of Climate Futures: ARMA 3 and Implications for Games and Persuasion.Games and Culture. Chikrii, A. and Chikrii, G. (2014). Matrix Resolving Functions in Dynamic Games of Approach.Cybernetics and Systems Analysis, 50(2), pp.201-217. Comerford, S., 2012. International Intellectual Property Rights and the Future of Global E-Sports. Brooklyn Journal of International Law, Vol.37, pp. 623-648. Burk, D. L., 2013. Owning E-Sports: Proprietary Rights in Professional Computer Gaming. University of Pennsylvania Law Review vol. 161, May, pp. p1535-1578. Mukherjee, S. (2016). Playing Subaltern: Video Games and Postcolonialism.Games and Culture. Umpleby, S. (1971). The Teaching Computer as a Gaming Laboratory.Simulation Gaming, 2(1), pp.5-25.