Wednesday, November 27, 2019

What Is Love Essay Thesis Example For Students

What Is Love? Essay Thesis Presented to: Mrs. ConnellPresented by: Cory HawkeDate: March 26, 1998What is this thing called love? This simple question begs for an answer. The symptoms oflove are familiar enough. A drifting mooniness in ones behavior and thought, the fact that itseems as though the whole universe has rolled itself up into the person of the beloved, somethingso wonderful that no one on earth has ever felt about a fellow creature before. Love is ecstasyand torment, freedom and slavery. Love makes the world go round. Until recently, scientists wanted nothing to do with it. The reason being that love is lifesmost intense feeling and love is mushy. Science is hard. Anger and fear are emotions that havebeen researched in labs and can be quantified through measurements. Pulse and breathing rates,muscle contractions, etc. Love cannot be charted or measured. Anger and fear have a definiteroll in human survival: fighting or running. Love does not. And since it is possible for humans tomate and reproduce without love, all the swooning and sighing is beside the point. We will write a custom essay on What Is Love? Thesis specifically for you for only $16.38 $13.9/page Order now Up until the past decade, serious scientists assumed that love was all in the head. Now theresearch has become more intense. This may be because of the spreading of AIDS and that casualsex carries mortal risks. Others point to the growing number of female scientists and suggest thatthey may be more willing then their male colleagues to take love seriously. Whatever the reason,science has come around to a view that romance is real. That it is bred into our biology. We have always been influenced by love in our culture. It is a dominant theme in music,television, films, novels and magazines. It is a commercial bliss. People will do or buy anythingwith a promise of romance. Does this imply that love is just a false emotion that we picked up after years of it beingdrilled into our head again and again by society? If romance was purely a figment, unsupportedby any rational or sensible evidence, then surely most would be immune to it by now. But thathas not happened. Love is still in the air. In 1992 a study was conducted by anthropologists William Jankowiak and EdwardFischer. They found evidence of romantic love in at least 147 or the 166 cultures studied. Thisdiscovery should be enough to wipe out the idea that love is an invention of the mind rather than abiological fact. Among the things that anthropologists tended to do in the past was ask questions aboutthe courtship and marriage rituals. This turned out to be the wrong way of going about thin gs. Inmany cultures, love and marriage do not go together. Weddings can have all the romance ofcorporate mergers, signed and sealed for the family or territorial interests. More and more scientists are coming to believe that love is truly a biologicalpredisposition. That we are all scientifically fated to love by our genes and chemicals. A lot ofpeople would just as soon to not want to know. No one knows exactly how to place this mysterious emotion. It comes in many shapesand forms and different people and cultures celebrate it in different ways. But perhaps it is betterthat we dont know the scientifics and just enjoy it. Why pull at such a beautiful and wonderfulthing and try to pick it apart when to the beholder it is already virtually perfect? The more we try

Sunday, November 24, 2019

Water resources in Ancient Mesopotamia essays

Water resources in Ancient Mesopotamia essays Ancient Mesopotamia and Egypt are two eras which helped mold the foundation for civilizations to come. The world that we live in now was built on their innovations in technology and through the use of the land and its natural resources. Now days water is something that we often take for granted, but in their time it was the essence of life. Without water, a food source cannot grow from the earth, a human could not fuel its body and animals would wither away like the dust of the Saudi desert. The people of Mesopotamia and Egypt understood this fact of life and built civilizations around it, which would bring success, kingdoms, great cities and eventually disparity. Through the next few passages I will attempt to bring to light the essential need of water and its effect on the people of both Mesopotamia and Egypt during a time when the world was just waking up. The land of Mesopotamia was located just north of the Persian Gulf and nestled between the Tigris and Euphrates rivers. Its southern region having access to the Persian Gulf made it a heavily populated area in Mesopotamia. To the east across the Arabian Desert runs the Nile River. The Nile River runs from the Mediterranean Sea with some of the richest soil in its riverbed in the world. The water resources in these two regions were vital in the agriculture of the land and in sustaining the people of these two civilizations. The name Mesopotamia comes from the Greek word meaning between rivers. Mesopotamia was centralized between the Tigris River and the Euphrates River. The two rivers were the basis for wealth in the land of Mesopotamia both economically and agriculturally. Water was not vast throughout the region of Mesopotamia and had to be drawn from the rivers through irrigation ditches dug by the settlers. Through recent satellite imagery we can correlate the irrigation flow from the two rivers to what we know were ...

Thursday, November 21, 2019

Aviation Psychology Research Paper Example | Topics and Well Written Essays - 1000 words

Aviation Psychology - Research Paper Example A quantitative study focuses more on statistical data analysis to generate numeric results. Sen (2012) states, â€Å"Qualitative Research is usually non-statistical analysis and in case of Quantitative Research Statistical data is usually in the form of tabulations†. Doing quantitative study, researchers identify the relationships that exist between independent and dependent variables to know the effect of one variable on the other one. Quantitative study focuses more on gathering data using large-scale surveys. In quantitative studies, researchers are usually independent of the research and they analyze different variables to determine their relationships by doing a proper statistical analysis. In quantitative research, researchers gather absolute data in order to generate numeric results based on statistical analysis of data. â€Å"Quantitative research involves gathering data that is absolute, such as numerical data, so that it can be examined in as unbiased a manner as possible† (McGuigan, 2011). In quantitative research, researchers identify the association and links between independent and dependent variables in order to determine how rise or fall in one variable affects other variable. In a quantitative method of research, researchers are independent of the research and gather data about the variables associated with the research to determine their level of dependency or association with each other based on a comprehensive statistical analysis. Another reason for choosing quantitative research design is time efficiency. There is a huge time difference between compiling a theoretical research and a numeric result. It takes less time to compile quantitative resu lts of a study as compared to qualitative results, which are theoretical in nature. I would first gather data from the aircraft companies prior to and after the use of CRM software. I would visit at least 3 aircraft companies and would talk personally to their customer relationship

Wednesday, November 20, 2019

Should the fast food industry be regulated in a similar manner to the Research Paper

Should the fast food industry be regulated in a similar manner to the tobacco industry Explain the factors behind your reasoning - Research Paper Example More than three hundred people die every year out of obesity-linked diseases. There have been few sober trials to regulate the food industry just like tobacco. One is left wondering if fast food industry should be regulated in the same way as the tobacco industry. Industries being threatened by the government regulation, have always undertaken to do self-regulatory actions. The food industry has been making promises to curb food marketing for children, trade less unhealthy goods in schools and put labels in foods responsibly. In industries like the tobacco, self-regulation failed. However, in some industries like the forestry and marine, it has been effective. Acting in response to the public outcry and the call for government regulation, the key food industry players have taken action as other businesses have done before. The industry has opted to adopt a self-regulatory initiative. The self-regulatory promises by the food industry are new and may be as the industry claims be, to the advantage of the public health or they may be deceptive and self-serving. Today, food industry self-regulation comprises of four key initiatives. One is that which deals with food and beverages in schools and pertains to marketing to children and addresses menu and labeling. On the beverages in schools, the industry in conjunction with the Alliance for a Healthier Generation released guidelines on school beverages. These guidelines comprise pledges to restrict portion sizes of drinks and set standards for the nutritional and caloric content of drinks to be traded in schools. The pledge was to implement the guidelines before 2009 to 2010 school year. After two years of implementation, the guidelines have reduced beverage calories taken to schools by more than 50 percent. The potential advantage of the guidelines provided and taking part of key players could be considered. The drinks industry has

Sunday, November 17, 2019

Individual Behavior in Organizations Essay Example | Topics and Well Written Essays - 500 words

Individual Behavior in Organizations - Essay Example In psychology, there are various approaches in understanding personality. These include trait approach, learning approach, biological and evolutionary approach and humanistic approach. Based on these approaches, leaders could be either born or made. From the trait approach, psychologists believe each person possesses certain trait to a given degree (Feldman 335). This means everyone has certain form of personality, but there is only variation of certain degree an individual possesses it. According to the learning approach, personality could be learned responses to the external environment (Feldman 338). In other words, personality could be learned. On the other hand, the biological and evolutionary approach is under the assumption that important components of personality are inherited, showing the importance of genetic factors in personality (Feldman 340). Under the humanistic approach, people are at the basic level good and continue to develop to higher level of functioning (Feldman 343). Each of these theories has strong remarkable point, but also some weak points that could be addressed by other theories. This explains the level of complexity found in understanding personality. Thus, in this manner, it has also been complex to understand whether leaders are born or made. Zaleznik believes organizations can develop leaders (81). For him, peer relationship exists and has important impacts on employee’s personality development. At Apple Inc., Steve Jobs created a culture of developing personality of its employees. There is a strong point of personality development as Jobs wanted to develop human resource that would be leading the innovation. As a result, Apple created a strong innovative culture. This clearly shows that personality could be influenced by the environment and those who already have strong degree of some certain personality tend to be developed or underdeveloped depending on the environmental influence. This could

Friday, November 15, 2019

Accounting Concepts for Borrowing Costs

Accounting Concepts for Borrowing Costs Abstract To prescribe the accounting treatment for borrowing cost incurred irrespective of its nature either capital or revenue and to interpret the said accounting standard in a fairly manner with the help of accounting standard interpretation as issued by ICAI. Introduction With the advent of Industrialisation, Organisations need more resources so as to compete in the Industry which it pertains as well as to achieve its vision. Among those resources, Money is foremost and it is needed for various reasons which may include meeting its working capital requirement, construction of asset, etc. Most of the organisation opts for borrowings from banks, other financial institutions for the same. Borrowings may include some outflow of cash even before such borrowings are made, which we may call as borrowing cost such as interest, loan processing charges by banks, other charges other than the principal amount while repaying. Definitions Borrowing Cost Interest charges on bank borrowings including short term and long term borrowingsBorrowing cost can be illustrated with many interpretations. But AS 16 provides an inclusive definition comprising of, Amortisation of discounts, premiums Ancillary costs in connection with arrangement of borrowings Finance charges in respect of assets acquired on finance lease Exchange difference arising in foreign currency borrowings to the extent they are regarded as an adjustment to interest costs. Qualifying asset There are certain exceptions to qualifying asset. They are, Investments other than investment properties Inventories that are routinely manufactured over a short period of time How to interpret? In order to guide for a proper interpretation ICAI has issued ACCOUNTING STANDARD INTERPRETATION (ASI). With reference to ASI-1, Substantial period of time dependents on the facts and circumstances of each case. However, ordinarily, a period of 12 months is considered, unless a shorter or longer period can be justified on the basis of circumstances of the case. With reference to ASI-10, Adjustment to interest cost means the difference between the interest cost on foreign currency loan and interest that would have been paid on local currency loan had this loan been in local currency Recognition: Borrowing cost will be recognised only if such cost or expense is absolutely and directly attributable to acquisition, construction or production of qualifying asset and its is also important that the cost incurred only be capitalised when it is probable that they will result in future economic benefits to enterprise and can be measured reliably Borrowing cost that are not recognised and as a result it is not eligible for capitalisation can be charged to the profit and loss account in the period which it occurs. Interrelation of AS-16 with other accounting standards AS-11 Exchange differences arising from foreign currency borrowing are considered as borrowing cost for which the increase in liability towards principal amount should be capitalised to the extent of increase in the interest would be paid if loan was taken in Indian currency and the balance has to be treated as exchange difference as per AS-11, The effects of changes in foreign exchange rates. Illustration: ABC ltd Company has taken a loan of USD 10,000 on April 1, 20X3, for a specific project at an interest rate of 5% p.a. On April 1, 20X3, the exchange between the currencies was Rs.45 per USD. The exchange rate as at March 31,20X4 was Rs.48 per USD. The corresponding amount could have been borrowed by ABC ltd in local currency at an interest rate of 11% p.a. Solution: (i) Interest = USD 10,000 X 5% X Rs.48 = Rs.24000 (ii) Increase in liability towards the principal amount = USD 10,000 X (48-45) = Rs.30,000. (iii) Interest that would have resulted if the loan was taken in Indian currency =USD 10,000 X 45 X 11% = 49,500 (iv) Difference between (iii) and (i) = 49500 – 24000 = 25,500. 30000 AS-16 AS-11 25,500 4,500 Therefore out of Rs.30,000 increase in liability towards principal amount, only Rs.25,500 will be considered as borrowing cost and the remaining Rs.4,500 will be considered as exchange difference and charged to Profit and Loss as per AS-11 Total Borrowing cost as per AS-16 = 24,000+25,500 = Rs.49,500 Additional Illustration How will you answer change in the above case it the local interest rate is 13% Solution: (i) Interest = USD 10,000 X 5% X Rs.48 = Rs.24,000 (ii) Increase in liability towards the principal amount = USD 10,000 X (48-45) = Rs.30,000. (iii) Interest that would have resulted if the loan was taken in Indian currency =USD 10,000 X 45 X 13% = Rs.58,500 (iv) Difference between (iii) and (i) = 58,500 – 24,000 = Rs.34,500. Therefore, whole 30,000 will be considered as borrowing cost. Total Borrowing cost as per AS-16 = 24,000+30,000 = Rs.54,000 What will be the situation under Income-tax act? Sec.43A Income-tax act explains how to deal with exchange rate differences arising from acquiring asset from a country outside India for the purposes of business or profession as a result increase or reduction in liability for making payment or for repayment of loan borrowed in foreign currency specially acquiring for asset. It clearly states that exchange difference has to be treated in Income tax only in relation to payment, and not on accrual basis as required under AS-16. Therefore, only the exchange differences arising from the assets acquired or loan borrowed from outside India is to be capitalised. It never speaks about the concept of adjustment of interest costs. So, even if one has followed AS-16 for treating exchange difference as an adjustment to interest cost, it has to be nullify that effect while arriving at the block of assets as per Income tax act and instead, adjustment of assets only to the extent of exchange differences has to be made. AS-12 Expenditure on a qualifying asset comprises of only those that has resulted in payments of cash, transfers of other assets or the assumption of interest bearing liabilities. Such expenditure has to be decreased for any progress payment received and grants received in connection with asset .This is also similar in the case of Accounting standard-12, Government grants, as it prescribes that asset has to be accounted after deducting the amount of monetary grant received from the gross value of the asset. AS-19 In the inclusive definition of borrowing cost, it says that finance charge arising on account of assets acquired on financial lease is to be capitalised to the extent of such finance charges. Such finance charges will be computed as per the Accounting standard-19, Leases. Measurement Measurement of borrowing costs includes such costs incurred in both specific and general borrowing. In case of specific borrowing, the money borrowed is used particularly for the purpose of acquiring a qualifying asset. Such cost has to be capitalised less any income on temporary investment made on such borrowings On the other hand, it is general borrowing for which the money is borrowed generally for the purpose of various qualifying assets, the amount of borrowing cost to be capitalised to be determined by applying an appropriate capitalisation rate on the expenditure of the capitalisation rate. Capitalisation rate is the weighted average of the borrowing cost applicable to the borrowings of the enterprise outstanding during the period other than the borrowings made specifically for the purpose of obtaining qualifying asset. Capitalisation Rate = Total Interest on borrowing Total Borrowings Therefore, the relationship is, Specific borrowings one loan with one asset or many assets General borrowings – Many loans with many assets Expenditure on qualifying asset Payment of cash XX Transfer of other assets XX Interest bearing liabilities XX Less: Receipt of progress payment (XX) Grant received in connection with asset (XX) ________ Expenditure XX Another important note is that the amount of borrowing costs capitalised during the period should not exceed the amount of borrowing cost incurred during the period. Commencement Capitalisation of borrowing coast will be commenced on the basis of three conditions. They include that the expenditure for acquisition, production of asset has been actually incurred and activities necessary to prepare the asset for which the asset has been originally assessed to be used and actual borrowing cost has been incurred for the same. Suspension Borrowing costs in relation to qualifying assets are normally continuous for capitalisation. But in certain case they are suspended as prescribed when there is interruption in the active development of the asset. But there is exception to such suspension is not necessary in these cases, When substantial technical and administrative work is being carried out. When temporary delay is a necessary part of process of getting an asset ready for its intended use or sale. (E.g. Interest on loan taken to finance working capital requirement for a vineyard) Cessation There is a point in which the capitalisation of borrowing cost should to be stopped. Such capitalisation should be ceased if construction of a certain portion of the asset is completed and such asset can be used independently for its intended use or sale. On the other hand, if the assets are completed in parts and cannot be used independently, then the capitalisation should continue till the asset is ready for its intended use. The other kind of situation is that the capitalisation should be stopped if the asset is physically completed and only the routine administrative work is going on. Even if decoration work is remaining then the asset is deemed to be completed and the capitalisation of borrowing cost should be stopped for such asset. Disclosure Borrowing costs are disclosed in financial statements in terms of the particular accounting policy adopted and the amount of borrowing costs capitalised during the financial year. What are the significant differences between AS-16, IAS, and US GAAP? There is a marked difference in the way US GAAP and IAS deal with capitalisation of borrowing costs. Under IAS-23, there are two treatments that are allowed, The benchmark treatment which requires borrowing cost to be expensed when incurred Alternative treatment which requires capitalisation of borrowing cost when certain rules and conditions are fulfilled. But AS-16 does not allow dual treatment, i.e. borrowing costs are compulsorily capitalised when certain conditions are fulfilled and compulsorily not capitalised when certain conditions are not fulfilled. The same situation exists in the case of US GAAP-FAS-34 interest cost is capitalisable for all assets that require a period of time for their intended use, unless they are not material. Conclusion In spite of various accounting policies and financial reporting framework, AS-16, Borrowing costs are important to prepare those financial statements and so that the accounting information presented to the management is accurate and discloses material facts.

Tuesday, November 12, 2019

Human Service Specialist Essay

Introduction: In order to successfully assist a client as a Human Service Specialist, the specialist has to understand the different client and issues of those clients. One client base that the specialist will encounter is one that shows an unwillingness to seek help. In most cases when this client base will have this attitude due to, the challenges that they may face or are currently facing. Understand these fears early on will show the client, that the professional is aware and understands them, thus building a positive, effective relationship between the client and specialist. As the client, the feeling of having someone on their side that truly understands their needs is essential to building a healthy client/worker relationship. Along with the professional understanding the full concept of precontemplation, contemplation, preparing for action, maintenance, and how to prepare for action. Conclusion: The primary goal of the Five Stages of Change, is to ensure the client is successful in life. Learning the client’s needs and how to assist them with those needs are very vital for the Human Service Professional. â€Å"As the interviewer assists the client to explore his discomfort in participating, a sense of trust develops between the interviewer and the client.† (Essential Interviewing) Enhancing the client’s level of confidence will be very beneficial to the client’s success when working through these changes. Monitoring the client’s success should also be taken into consideration. Knowing, what struggles the client face or may face, will assist the professional in knowing what area they need to focus on, in order to keep the client on track to reach their goals.

Sunday, November 10, 2019

Merits and Demerits of Globalisation Essay

Introduction Globalization or (globalisation) is the process by which the people of the world are unified into a single society and function together. Globalization is often used to refer to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. This process is usually recognized as being driven by a combination of economic, technological, socio-cultural, political and biological factors. The term can also refer to the transnational dissemination of ideas, languages, or popular culture. Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels. Effects of globalization:- ? enhancement in the information flow between geographically remote locations ? the global common market has a freedom of exchange of goods and capital ? there is a broad access to a range of goods for consumers and companies ? worldwide production markets emerge ? Corporations have greater flexibility to operate across borders ? Increased flow of communications allows vital information to be shared between individuals and corporations around the world ? Spread of democratic ideals to developed nations ? Greater interdependence of nation-states ? Reduction of likelihood of war between developed nations ? Workers in less developed countries should see an increase in wages and living benefits. If they do, their rising standard of living should help them consume products from developed nations. A virtuous circle can theoretically be created by a whole new middle class that didn’t exist. ? Peace should be easier to maintain between nations as no country would remain isolated in this new world order. The relationship of China and the United States has changed dramatically as their trade partner status has increased over the years. ? Globalization can help modernize developing countries faster. Modern ideas can be spread to the workers, who make up the social order. ? Products can be purchased much cheaper in developing countries, which increases the lifestyle of the people. As we pay less for simple common items, we have more to spend on big ticket items, which fuel higher paid manufacturing jobs in developed countries. Advantages of globalization in the developing world It is claimed that globalization increases the economic prosperity and opportunity in the developing world. The civil liberties are enhanced and there is a more efficient use of resources. All the countries involved in the free trade are at a profit. As a result, there are lower prices, more employment and a better standard of life in these developing nations. It is feared that some developing regions progress at the expense of other developed regions. However, such doubts are futile as globalization is a positive-sum chance in which the skills and technologies enable to increase the living standards throughout the world. Liberals look at globalization as an efficient tool to eliminate penury and allow the poor people a firm foothold in the global economy. In two decades from 1981 to 2001, the number of people surviving on $1 or less per day decreased from 1. 5 billion to 1. 1 billion. Simultaneously, the world population also increased. Thus, the percentage of such people decreased from 40% to 20% in such developing countries. Disadvantages of globalisation Disadvantages of globalisation are as follows:- ? Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor ? Increased likelihood of economic disruptions in one nation effecting all nations ? Corporate influence of nation-states far exceeds that of civil society organizations and average individuals ? Threat that control of world media by a handful of corporations will limit cultural expression ?

Friday, November 8, 2019

Virtual Tourism In Rwanda To Generate International Revenues Tourism Essay Essay Example

Virtual Tourism In Rwanda To Generate International Revenues Tourism Essay Essay Example Virtual Tourism In Rwanda To Generate International Revenues Tourism Essay Essay Virtual Tourism In Rwanda To Generate International Revenues Tourism Essay Essay Nyungwe Forest National Park and the Akagera National Park before going to Rwanda, the practical touristry can be besides used by research workers who are interested by endangered species like Gorilla and make occupations for local research workers. The eTourism Portal will supply relevant information about the Rwanda Tourism industry, advancing Rwanda best tourer finishs topographic points and supply online services like booking and on-line payment for hotels every bit good as on-line payment of local merchandises like handicrafts utilizing recognition card ( Visa, Paypal, aˆÂ ¦.. ) . This paper will exemplify how by implementing a practical touristry and etourism in Rwanda this solution will supply export income for Rwanda. CHAPITRE I. OBSTACLE TO TOURISM DEVELOPMENT IN RWANDA. Geography and Economy of Rwanda Rwanda is a landlocked democracy in Equatorial Africa, situated on the eastern rim of the Albertine Rift, a western arm of the Great Rift Valley, on the watershed between Africa s two largest river systems: the Nile and the Congo. Much of the state s 26,338 km2 is imposingly cragged, the highest extremum being Karisimbi ( 4,507m ) in the volcanic Virunga concatenation protected by the Volcanoes National Park.[ 4 ]Rwanda besides is known as the most dumbly populated state in Africa ; is landlocked ; and has few natural resources and minimum industry. In 2008, the GDP was estimated at $ 4. 45 billion, the GDP growing rate was 11.2 % and the mean rising prices GDP deflator was 17.4 % .The agribusiness ( forestry, hunting, and fishing, every bit good as cultivation of harvests and livestock production ) composed 37.4 % % of GDP, industry 14.1 % of GDP and exports of goods and services 14.1 % of GDP. In 2008 the High-technology exports was $ 1.01 billion.[ 5 ] Rwanda National Parks and Main attractive forces Akagera National Park ( ANP ) The Akagera National Park was created in 1934 and is located in the Eastern Province near the Nyagatare town. The ANP offers a scope of wildlife, such as elephants, Hippo, camelopard, zebra, etc. The Volcanoes National Park ( VNP ) The VNP was created in 1925 as Albert National Park and its size is 12,500 hectares and is located in northern state near Musanze town ( former Ruhengeri ) . The part is best known for its mountain gorillas ( Gorilla gorilla beringei ) and the Karisoke Research Centre. The Virunga Volcanoes part includes about 425 square kilometres of wood and unfastened parkland straddling the boundary lines of Rwanda, Uganda, and DRC ( Democratic Republic of Congo ) , at an height of 2600-4500 metres.[ 6 ] Nyungwe Forest National Park ( NFNP ) The NFNP has been created in 1933 and have a big piece of land of mountain wood and is rich in biodiversity. The NFNP has 1,000 square kilometers across the olympian hills of southeast Rwanda, Nyungwe National Park is the largest block of mountain forest in East or Central Africa, and one of the most ancient, dating back to before the last Ice Age. The most of import ornithological site in Rwanda, Nyungwe harbours about 300 bird species of which two twelve are restricted to a smattering of mountain woods on the Albertine Rift[ 7 ] Forest Rwanda has two forest modesty which are the Gishwati and Mukura Forest Reserve . Gishwati Forest Reserve constituted about 280 s.q kilometer in the mid-1970s and contained populations of Pan troglodytess and aureate monkeys although the wood was reasonably degraded by many old ages of cowss crowding within the forest. Mukura Forest comprised merely about 20 square kilometres in the late seventiess[ 8 ]Mukura had besides been badly degraded, with merely about 8 square kilometres staying today. Lakes Rwanda has about 23 lakes but merely 5 chief lakes are best known as attractive and those are the Lake Kivu ( Western Province, near Rubavu town former Gisenyi ) which is well-known for its beautiful scenery and athleticss attractive forces and is used to link Rwanda to the Democratic Republic of Congo, Lake Muhazi located in the Eastern Province and offering yachting, fishing and bird observation, Lake Bulera and Ruhondo are close to the gorilla-tracking centre which is Ruhengeri and Rusumo H2O falls ( Eastern Province ) , Vents Most of the Rwanda vents are nonextant and are located in northern-west and those are the undermentioned: Karisimbi with 4,507meters is inactive vent in the Virunga Mountains in the boundary line between the DRC and Rwanda. Bisoke ( 3,711meters ) is an is nonextant vent in the Virunga mountains and is located in the boundary line between the DRC and Rwanda but the acme is located in Rwanda. Sabyinyo ( 3,634meters ) besides known as nonextant vent is the Virunga mountains and marks the intersection of the boundary lines of the DRC, Rwanda and Uganda.Sabyinyo Volcano is the home ground of Mountain Gorilla. Gahinga ( 3,474meters ) is an nonextant vent in the Virunga mountains on the boundary line between Rwanda and Uganda. Muhabura ( 4,127m ) is an nonextant vent in the Virunga mountains on the boundary line between Rwanda and Uganda. Muhabura is the 3rd highest of the eight major mountains of the mountain scope, which is a portion of the East African Rift Valley The vents make a concatenation, which covers an country of 16000 hectares. Challenges faced by the Rwanda Tourism Industry Tourism is going one of the major sections of the Rwandan economic system. In 2009 appraisal indicate that the touristry industry straight employs 33,800 people, whereas the direct and indirect employment histories for 74,300 occupations.This represent merely 4.0 per centum of the entire employment little below the sub-Saharan African norm which is 4.6 % and good below the worldwide norm which is 7.6 % every bit good as in the part ( Kenya, Tanzania and Uganda ) . But we should observe that employment in the touristry ( direct and indirect ) , has grown by 2.8 per centum on norm over the last 10 old ages, compared to 3.4 per centum in Kenya, 2.5 per centum in Tanzania and2.4 per centum in Uganda[ 9 ]. Around the universe the touristry industry is fast emerging as the industry of the 21st century, with its significant parts to sustainable human development, including poorness relief, employment coevals, environmental regeneration and promotion of adult females. Tourism has besides become an instrument for the publicity of handcrafts, humanistic disciplines and the cultural heritage of state. Although these facts a figure of restraints remain for the farther development of the touristry industry in Rwanda and these are: Diggingss and hotels installations are non still plenty at cardinal touristry sites. Quality besides is variable and non harmonized ; monetary values are really high relation to tantamount quality in other East African states. Customer service is hapless and non consistent compared with neighbouring states. Public and private coaction is still weak in footings of information sharing for touristry Quality of the route is non good and need betterment in some touristic countries like the Nyungwe forest National Parks and no equal and dependable electricity countries Widespread poorness around Parkss and touristic sites and increasing force per unit area for agricultural land from a turning rural population. Net income accruing from the Parkss should be in relation to demands, and people desire single benefits and non merely corporate substructure suchs as H2O tanksaˆÂ ¦ . Absence of telecommunications substructures in bulk of the hotels that allow payment by recognition cards. No web presence or hapless quality of contents for many hotels and circuit operators We are anticipating more occupations to be created particularly for people in the touristry industry more tourer will see the state since the Rwanda will hold high visibleness. The application besides will decide of barriers faced by tourer like absence of information and on-line payment. CHAP 2. NECESSITE OF VIRTUAL TOURISM AND E-TOURISM FOR RWANDA Tourism and ICT Industries. It s clear that touristry is going presently the fastest emerging industries across the universe. It is primary service industry which means, it does nt bring forth goods except provides services to people from different categories. Tourism industry is a combination of assorted incorporate industries like nutrient, conveyance, adjustment, ICT industries etcaˆÂ ¦ . Possibly touristry is one such rare industry, which earns foreign exchange without exporting national wealth. ICT tools are powerful instrument in the execution of electronic concern ; it is an easy manner to propagate or pass on information without distance restriction, people around the universe can hold entree to the same information at the same clip. In the NICI Plan prepared by the GoR to implement its ICT4D policy the country of economic development within the context of easing the development of the Rwandan information and knowledge-based economic system and society, the GoR is committed to implementing touristry actions plans with the purposes to do Rwanda an attractive tourer finish every bit good as Empower and beef up the touristry sector via ICT tools. The intent of this paper is to suggest a selling proposal to develop and implement a practical touristry and eTourism solution for Rwanda industry participants to be able to run into international criterions and besides achieved the Government vision. Once this merchandise is implemented some merchandises ( handicrafts, Rwanda java, Rwanda tea, etcaˆÂ ¦ ) will be known from the web and can be exported outside and will bring forth income for citizens, private companies every bit good as authorities and besides the more tourer will be interested to see the state. Undertaking proprietor An maxim in undertaking direction circles is, If you do nt hold a undertaking title-holder, you do nt hold a undertaking. [ 10 ].For this undertaking a practical registered company which will let practical visit to Rwanda national Parkss every bit good as leting tourers to online engagement, telling and payment for hotels, air tickets or local materials like handicrafts from associations or individuals.. The company will hold the name of One ClicK Rwanda ( OCR ) . The company will follow Rwandan concern regulations and ordinances in footings of licence and revenue enhancements, the concern will be done over cyberspace through the World Wide Web ( WWW ) service where the targeted clients are from different parts of the universe. The proprietor will work closely with others stakeholders like Tours operators, air hoses and hotels etcaˆÂ ¦ Since these interact and trades with tourers on day-to-day footing. All stakeholders will hold entree to the system with different entree right. Dedicated discs infinites to the web waiter will be allowed to all stakeholders involved in the touristry industry to let them updated contents. It clear that donees will be all those people involved in the touristry sector and the Government. Market research and Target OCR Company will garner information from bing and possible clients utilizing site enrollment, online signifiers, and study to better understand the clients demands and demands. Since concern on the Internet is really complex ( clients with different civilizations, ages, high competition ) , the selling will be developed carefully by taking history all these parametric quantities. The purpose of this selling research will be to convert clients and retain them. Customers will be classify based on their socio-economic position, life style, household fortunes, gender etc..And statistics and records of the research should be quantitative and qualitative.. Customer behavior Many touristry Board establishments are non utilizing Virtual touristry and are still paper based when it be come to booking and payment. This is dearly-won and clip devouring for most of tourer and the chance for them to see Parkss, book and pay online will be assist them. Chapter Three: Selling STRATEGY AND MARKET ANALYISIS Since this is a new merchandise a strong trade name of One ClicK Rwanda will be an of import selling tool for the company. The development of trade name will get down one time is created and before full operation. Cultivating trade name fidelity among clients is the ultimate wages for successful sellers since clients are far less likely to be enticed to exchange to other trade names compared to non-loyal clients. Selling and stigmatization is all about allowing public know about the merchandise or services you are offering, and convert them utilize it or buy it. This will be possible if a good selling scheme and a good selling program are put in topographic point. Selling program A Solid selling scheme is the foundation of a well-written selling program. While One ClicK Rwanda will sell a IT merchandise a selling program for 5 old ages will be drafted. The selling proposed will be flexible to be able to accommodate it to market tendencies. The selling program should be clear, quantified, focussed, and realistic and agreed. For the first twelvemonth, every exclusion to it ( throughout the twelvemonth ) must be questioned ; and the lessons learned, will be incorporated in the following twelvemonth s planning ( updated ) . Stairss to accomplishing our aims To do this undertaking successful a joint coaction between the Government of Rwanda and different spouses will be needed. A Public-Private Partneship ( PPP ) will be initiated between the GoR and cardinal stakeholders involved in this undertaking. Others stairss needed to accomplish our aims will be: The direction will be assured by OCR Company. Build and advance the portal platform and do it available 24h /7 yearss Aggressive selling all over the universe utilizing Television, Radios Medias, spines etc to bing clients and potencies clients Construct a strong client attention within the portal utilizing different ways ( phone, electronic mail, forum, face-to-face if needed ) Stairss in marketing research procedure Customers occupy the cardinal of the selling research procedure. The aims are the cognition development and aid in determination devising. The Identifying and specifying the job Development of attack and methodological analysis Establish research design and scheme Data aggregation Performing informations analysis Reporting and presentation Market Analysis Existing market and possible rivals Virtual touristry and eTourism is improbably increasing all over the universe ; some establishments in the part and particularly in Kenya but the service is merely limited to see some images of best topographic points selected, some of them besides offer possibility of booking online to some hotels. Kenya: hypertext transfer protocol: //www.virtualtourist.com/travel/Africa/Kenya/TravelGuide-Kenya.html Portal and web site for Kenya Tourism: hypertext transfer protocol: //www.magicalkenya.com/ hypertext transfer protocol: //www.tourism.go.ke/ hypertext transfer protocol: //www.visitkenya.com/guide/ Some enterprises in Tanzania: hypertext transfer protocol: //tanzaniatouristboard.com/ hypertext transfer protocol: //www.ecotz.com/ hypertext transfer protocol: //www.tanzaniaodyssey.com/ Other enterprises for Uganda hypertext transfer protocol: //www.virtualtourist.com/travel/Africa/Uganda/Things_To_Do-Uganda-BR-1.html hypertext transfer protocol: //www.ugandatourism.org/ hypertext transfer protocol: //www.visituganda.com/ hypertext transfer protocol: //www.ucota.or.ug/ hypertext transfer protocol: //www.kazingatours.com/ Rwanda is besides come oning for the on-line touristry. Except this enterprise there are besides some web sites and portals that provide information about Rwanda touristry and some of them are the undermentioned: hypertext transfer protocol: //www.rwanda-online.org/ hypertext transfer protocol: //www.rwandatourism.com/home.htm The above web sites and portals do nt supply incorporate services ( visit, engagement and payment ) . The proposed undertaking will include all those services. Environmental, Company and competition analysis Plague Analysis In order to happen out about possible Political, Economic, Social and Technological factors that can impact the execution of the practical touristry and eTourism the PEST analysis have been conducted. Political The current political environment of Rwanda is stable except our close neighbour the DRC Tax ordinances is clear and are publically from the Rwanda Revenue Authority web site ( some services are on-line ) . The ICT measures have been presented to the is now in the cabinet The Rwanda Utilities Regulatory Agency has put in topographic point regulations on CT Applications, Cyber Security and Postal Service Economic Private establishments involved in the touristry are encompassing the usage of ICT but besides the GoR subsidise IT equipments. Rwanda Francs are stable and can be exchange with others foreign currencies ( English Pounds, Euro and US $ ) . On-line payment will be done utilizing those external currencies. No similar application have been made in the part except some tentative in Kenya and Tanzania. Our undertaking has no strong rivals we believe that by the clip such competition comes ; The rising prices rate of the Rwanda economic system in non high 10.5 % for 2007 and 17.4 % for 2008. Social The debut of the Virtual Tourism and eTourism will make more occupations chances and hike the Entrepreneurial spirit for Rwandans. The tendency of acquiring internet entree at place and purchasing online is developing in the World. Technology We except that the application will run into all the needed conditions needed for on-line minutess. No possible rivals in the part. No demand for funding for research. Changes in the engineering have changed the manner concerns operate i.e. Internet booking for tickets and vacations. No clip is allowed for fabricating adulthood and capacity Table 1: Pest Analysis SWOT analysis of the Virtual Tourism and the eTourism Before the execution of the practical touristry and the eTourism it s important to foreground the Strengths, Weaknesses, Opportunities, and Threats the merchandise. The below SWOT analysis will assist to clear up and summarize the cardinal issues and chances which will confront the practical touristry and the eTourism. The SWOT analysis will be use by the client to identified menaces before the execution and fix response and programs ready to antagonize them when they happen. Strengths Current authorities committedness to ICT and Widespread entree to basic telecom for citizens Good administration One of secure topographic point in the universe Ad of the Rwanda s beauty is cost effectual in comparison with conventional offline system. Low capital investing ( use of Open beginning package and will be hosted by the national informations centre ) More pick will supply to tourist. Rwanda is ranked among best reformists in making concern Failings Deficit of ICT professionals Geographic isolation A ; little size Lack of eCommerce Laws Transportation system of goods buy on-line ( handicraft ) can be expensive since Rwanda is landlocked state and this can impact the merchandise cost.t Integration with bing ICT applications used by different stakeholders can be a job ( data interoperability. ) Process managing many different computing machine systems with different applications is excessively complex. Possibility of Electricity deficit Opportunities Niche in countries such as e-tourism and eCommerce in direct selling Leverage on Rwanda s package development expertness Tomorrow tourer prefer to hold all information and virtually see the topographic point before going Menaces Hacker may try to assail the system. Rivals in the part can develop similar system before the launching Change direction issues in some hotels establishments Table 2: Swot Analysis Chapter IV: FINANCIAL ANALYSIS Fiscal analysis but besides referred to fiscal statement analysis or accounting analysis is the appraisal of the viability, stableness and profitableness of a concern, sub-business or undertaking.[ 11 ] It is estimated that the investing value to get down this undertaking of execution of practical touristry and eTourism will be for the ab initio five old ages from October 2010 to End of 2015. To asses the fiscal viability of our investing the undermentioned tools will be used: the net nowadays value, the wage back period and the internal rate of return. The fiscal feasibleness of our undertaking can be recognized used the undermentioned scheme: The Estimation of undertaking costs activities ( By Analyzing the undertaking investings costs and the undertaking operations and care ) Forecasting gross generated during the undertaking execution period ( the hard currency flow green goods by our company can be forecasted by interrupting down after-tax operating net incomes, the estimatedA capital outgo andA working capital needed ) . Fiscal Return on investing ( ROI ) of the undertaking ( this can be calculated by spliting net net incomes after revenue enhancements by entire assets. ) Premises The Return on investing ( ROI ) will be calculated for a period of 5 old ages get downing from January 2011 to stop of October 2015. The currency is the United States of America Dollar ( US $ ) freely exchangeable to Rwanda Francs Reference for exchange rates will be the National Bank of Rwanda The undertaking will be a Public Private Partnership ( PPP ) the authorities and the private sector will hold specific function in turn overing out the undertaking. Supply and direction contracts PPP theoretical account will be used. Tax duties will follow the Rwanda Revenue Authority regulations and ordinances for VAT are 18 % . Content for specific finishs topographic points ( hotels, Parkss ) are available and will be provided by proprietors. Hosting installations for the Virtual touristry and eTourism will be provided by the National Data Center within Rwanda Development Board at no cost. The undertaking Capital outgo ( CAPEX ) The entire capital investing is US $ 100,000 including the cost of planing advanced dynamic web site to back up online concern minutess, 4 computing machines, 2 digital cameras, one scanner, Office furniture s, 2 web developers will be hired, One graphic interior decorator and One Marketing specializer and 1 vehicle. Grosss coevals Year 2011 2012 2013 2014 2015 Gross Revenue ( US $ ) 85,000 100,000 130,600 185,500 235,000 Tax ( US $ ) 15,300 18,000 23,508 33,390 42,300 Net Gross ( US $ ) 69,700 82,000 107,092 152,110 192,700 Accumulative Net Gross ( US $ ) 69,700 151,700 258,792 410,902 603,602 Table 3: Grosss Generation Figure 1: Grosss Generation Net Present Value ( NPV ) The Net Present Value ( NPV ) of an investing ( undertaking ) is the difference between the amount of the discounted hard currency flows which are expected from the investing and the sum which is ab initio invested.[ 12 ]We are traveling to utilize a price reduction rate of 14 % for every twelvemonth. Cost Gross Sum Present Value Sum Present Value Now 100,000 100000.00 A A 2011 20000 17543.86 69,700 62,232.14 2012 7000 5386.27 82,000 65,369.9 2013 2000 1349.94 107,092 76,225.97 2014 A A 152,110.00 96,668.65 2015 A A 192,700 109,343.2 TotalA A 129,000 124,280.08 A 603,602 409,839.8 Table 4: Net Present Value The NPV for our undertaking will be 409,839.8-124,280.08 = US $ 284,978.76 Internal Rate of Return 3.1. Definition The internal rate of return ( IRR ) is a rate of return used in capital budgeting to step and compare the profitableness of investings[ 13 ]It s besides a price reduction rate that generates a nothing cyberspace present value for a set of approaching hard currency flows 3.2. Evaluation of IRR A set of the rates with different price reductions will be applied to the below tabular array to set up the rate of profitableness of the undertaking for a period of 5 old ages ( from 10-40 ) Discount rate ( % ) 10 15 20 25 30 NPV ( US $ ) 178535 129190.7 90086.68 58775.3 33465.34 Discount rate ( % ) 35 38 38.6901 39 40 NPV ( US $ ) 12828.31 2263.32 0.98 -995.75 4133.26 Table 5: Evaluation of IRR Figure 2: Discount Rate Based on the above graph our undertaking will hold the profitableness rate close to 40 % . Payback period The payback period will assist the direction to find how many months /year will take to retrieve the money invested in the Virtual Tourism and eTourism Project. The price reduction rate to be used besides here will be 14 % every bit good. The Payback Period represents the sum of clip that it takes for a Capital Budgeting undertaking to retrieve its initial cost. The usage of the Payback Period as a Capital Budgeting determination regulation specifies that all independent undertakings with a Payback Period less than a specified figure of old ages should be accepted.[ 14 ] A Cost Gross Accumulative Cash Flows A Sum Present Value Sum Present Value Now 100,000 100,000.00 A A -100,000 2011 20,000 17,543.86 69,700 61,140.3509 49,700 2012 7,000 5,386.27 82,000 63,096.3373 75,000 2013 2,000 1,349.94 107,092 72,284.0496 105,092 2014 A A 152,110.00 90,061.331 152,110 2015 A A 192,700 100082.342 192,700 A Total 129,000 124,280.08 603,602 386,664.41 474,602.1 Table 6: Payback Time period We can besides utilize the below payback expression is: cost of undertaking / one-year net gross = payback period Figure 3 Payback Period Based on the above diagram the payback period of this undertaking is 1.67 old ages ( One Year, 8 months and 1 Day ) Chapter VI: Decision AND RECOMMENDATIONS Decision The profession of selling, its theories, its patterns, and even the basic scientific disciplines that it draws on are determined by the tools at its disposal at any minute. When the tools alteration, the subject adjusts, sometimes rather profoundly and normally rather tardily.[ 15 ] The proposal to implement practical touristry and eTourism for the Government of Rwanda as discussed above in this paper is a feasible concern undertaking that can better the Rwanda touristry sector and generate income for the Government of Rwanda and its Citizens with minimum capital investing. It is clear that the Internet offers several installations and will be among the tools that can be used to pull tourers and investors from around the universe without incurring extortionate costs of transit, communicating and rental of office infinite for the GoRs touristry selling bureaus. This can be achieved if a good selling program and scheme is put in topographic point and implemented. The selling of this merchandise will be easy since there are no dearly-won disbursals like conveyance, door to door selling staff etc Channels to be used will change from TVs, Radio, Web site, Newspapers, spines to advertisement on air tickets etc. Recommendation For better execution of this undertaking the followers are my recommendations: Reviewing the selling schemes on regular footing: Tourism sellers need to be cognizant of electronic development and tendencies. The touristry sellers should be in a proactive and reactive place to be able to react to the market demand and the development of new channels of distribution e.g. new engineerings ( nomadic payment ) , new rivals in the market. Alternatively of merely waiting for clients to drop-in , the selling people should endeavor to make travel need for visitants i.e. the sector should be demand driven and non provide driven. Electronic mail and forum could be used to regularly update clients on specific offers, near to their gustatory sensations or old purchases Implement strong and efficient security mechanism to protect the system and users against possible hackers and on-line robbery The handiness of the service ( no electricity shortages, minimum web waiter cut down ) should be taken into history since we are aiming foreign markets, therefore the quality of service should run into international criterions. The integrating of bing systems should be taken into history to minimise the costs of developing new merchandises. The platform should stand for a one-stop shopping experience for the client.

Wednesday, November 6, 2019

Violence in Movies essays

Violence in Movies essays Our society has to constantly put up with violence on the regular day basis. In fact, violence became a part of modern-day society. It is everywhere: in school, on the streets, on the television, and even at homes. The city is the most revealing place of the violence. Over decades city violence was represented in the movies, as an undivided part of the urban society. In the movie Fight Club that came out in 1999, the life of the narrator, Jack, is portrayed as a monotone sequence of events that a person goes through in the big city. Jack has a great career, an expensive apartment filled with contemporary furniture, and no other goal in live. Jack is stressed out from his boring life, which causes a depression and insomnia. Clearly Jack needs help, but there is no place where he can find any comfort or support in the city, because everyone seems to be unconcerned about others problems. Even when Jack visits his doctor for help from insomnia, the disinterested physician tells him to stop whining and visit a support group for testicular cancer survivors if he wants to meet people who really have problems. So Jack does exactly that and discovers that interacting with these victims gives him an emotional release that allows him to sleep, and gives hi m a way to free himself from stress, caused by the busy urban life. He discovers that: when people think that youre dying, they really listen to you instead of just waiting for their turn to speak. Soon, he got addicted to attending support group meetings, and has one lined up for each day of the week. Thats where he meets Marla, another faker, and her presence prevents him from getting the emotional relief he needs. In the search for new therapy, Jack meets Tyler Durden, a soap salesman with an unusual view of life. After Jacks apartment explodes, destroying all of his possessions, he moves in with Tyler in the old house in the waste part of the town...

Sunday, November 3, 2019

Report on TESCO using a case study Essay Example | Topics and Well Written Essays - 2750 words

Report on TESCO using a case study - Essay Example Recently, Philip Clarke, chief executive officer of the firm, has declared that they are opening new spaces of 700000 square feet in order to build new supermarkets. Additionally, Tesco is launching new restaurants for attracting more customers in the supermarkets (Wood, 2014). The technological innovations made by the company are its rare resources in business. The company has developed new electronic self edge labels. Tesco has also introduced a new application for Smartphone and tablet users, named HUDL. This application would allow customers to check product availability in Tesco supermarkets (Wood, 2014). The workers are highly trained and help to enhance overall productivity of business. In addition, the company has recently introduced the new semi-automatic store picking service. Such services of the company are delivered by refrigerated delivery vans. These service resources of the firm are imitable; but, would involve high costs for its competitors (Peng, 2008). The rare and valuable resources of the company can be used appropriately only with the essence of efficient organizational framework. All inbound and outbound logistics branches of the company comprise expert teams of workers who aid in enhancement of quality of services across all the marketplaces. The firm encourages participatory atmosphere in workplaces and hence, constantly implements ways by virtue of which commercial prosperity can be effectively fostered. Initially, majority of company’s profits were generated from its U.K. marketplaces. However, over time, Tesco has expanded its scope of business internationalization and a substantial amount of the profit is yielded from other nations, apart from U.K. Figure 1 in the Appendix shows total turnovers of Tesco from international markets in 2007. Figure 2 in the Appendix shows that from 1998 to 2007, financial resources of Tesco had substantially increased. From 2011 to 2012,

Friday, November 1, 2019

Economics and Health Care Research Paper Example | Topics and Well Written Essays - 1000 words

Economics and Health Care - Research Paper Example Cost-minimization techniques, for example, can be used to select the method that uses the minimum resources to produce a certain health outcome. In addition, cost-utility analysis helps hospital management and doctors to evaluate treatments on the basis of â€Å"utility-based outcome units.† Implications of Poor Health Care System As economics mainly deals with market economy concerns, applying those principles to health care while ignoring the differences between health care and traditional consumer goods can lead to certain economic and social problems. Friedman (2013) has identified some of the weaknesses of the American health care system which can help to illustrate the impact of economics on health care systems as well as the costs of a poorly functioning health care system on society. The Medicaid system is an integral part of the American health care system. Since 1960, it has provided affordable health care to many Americans who could not afford it. Insurance companie s have also contributed much by reducing the costs of health care significantly for consumers. However, Friedman (2013) states that the American health care system is not as efficient as many claim it to be. Some of the so-called reforms to the health care system reflect misunderstanding of economic forces by policymakers. Friedman (2013) argues that current reforms are transferring a greater proportion of the health care costs from the insurance companies to those who need health care, with the effect that the consumer will become increasingly price-sensitive and quality health care will become beyond the reach of many Americans. This move is founded on the misplaced notion that insurance coverage encourages people to consume more health care services than they really... This research paper outlines the particularity of applying basic principles of economic to health care. Economics is a social science that seeks to explain how society allocates its scarce resources to satisfy the demand for goods . Howewer, health care is different from conventional goods and services There are a number of ways in which health care may be regarded as an economic good. There is an absence of a â€Å"market price† that is determined by the interaction of demand and supply forces in health care Economic principles can be used to ensure that equal use of health care services is provided to people with equal health care needs Measures such as cost-minimization analysis, cost effectiveness, cost-utility analysis and cost-benefit analysis can be used to maintain high levels of efficiency in the health care system. Friedman identified some of the weaknesses of the American health care system which can help to illustrate the impact of economics on health care systems as well as the costs of a poorly functioning health care system on society the Obamacare reforms have become controversial mainly because of the increased costs of providing federally subsidized insurance plans to consumers Hospital administrations in collaboration with insurers and other stakeholders have developed a host of statistical tools to monitor and evaluate the efficient of health care processes. There exists a statistical tool that compares whether individual physician treatments are more efficient compared to physician teams administering treatments. This tool is used to determine, for instance, whether solo physician treatment compared to group physician treatment may be more effective at reducing the number of patient visits to the physician