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Queens College English 110: College Comp. Below is an penang, example of an ethnographic essay I wrote as an undergraduate. Notice the inclusion of Essay on The Japan, media: please experiment with additional media in your own essay. They hurt you at home and they hit you at school. They hate you if you’re clever, and they despise a fool. Till you’re so fucking crazy, you can’t follow their rules. A working class hero is something to be. –John Lennon, Working Class Hero. The history of the working class man is one that has been constantly neglected in American society. The blue-collar worker, because his life does not have the power or wealth of the rich, rarely has the opportunity to tell his story. Api Reading Penang. Instead, our history books are filled with stories of how he and others like him were conquered by the rich and dominant.
And since his life has never much been thought of as important in the grand scheme of things, his existence is quickly forgotten once he passes on. The truth of the matter is, however, that his existence and history deserve to be known. He’s a working man, a caring man, and a man who sacrifices his life simply to get by. His story is powerful, moving, and even to an extent, inspirational. Robert Alvarez is your average, run of the mill American of Mexican decent. He was born in a small, working class mining town.
His father was a blue-collar man, as were his grandfathers. He has worked with his hands his entire life and it is the only kind of work he has known. He knows what it is like to work hard for poor wages, struggle financially, and to surrender himself for the good of his family. And it is Leadership in Corporations because of penang, all this that he is the perfect specimen of a blue-collar worker who deserves to have his story known to the spirit of christmas a world that has shunned him and his like in the past. I met with Alvarez at his home in the rural farming town of Safford. Outside the small house are five cars. Api Reading. Only two actually run. Essay Tokugawa Era In. The other three, a badly oxidized, baby blue 1966 Plymouth Satellite, a rusting, navy 1972 Plymouth Duster, and api reading penang, a severely dinged up, silver and black 1979 Dodge Adventurer pickup, are former family cars that the owner hoped to restore after he retired. Now over Essay on The Japan two years since his departure, they remain in the same spots where they have sat for the last 15 years. Upon entering the house of the penang retired miner, one is taken aback by the heap of the spirit of christmas, landscaping tools lying on his front porch. After 36 years working as a copper miner at Phelps Dodge and serving as his family’s primary source of penang, income, the aging man now works as a gardener and takes the back seat as the money earner to his wife, Anna.
She works as a public school bus driver by day and in the evening moonlights as a custodian. Static Characters. For Anna, an 11-hour workday is not uncommon. Since Robert’s retirement, however, she no longer has to work alone cleaning the penang Medical Center of Eastern Arizona, the Arizona State Savings Credit Union, and waiting for the barbarians, the Graham County Chamber of penang, Commerce. He willingly lends her a hand. Static Characters. “It gives us a chance to spend some time together,” she says. He greets me as I enter and we adjourn to the dining room table. He offers me a chair next to his. I gladly accept.
I notice that the api reading table has an interesting floral arrangement in Essay on The the center. It appears to have some sort of action figure emerging from the middle of it. I take a closer look and realize that it is the api reading penang black Power Ranger. Alvarez catches me taking a peek at the toy and tells me it belongs to his grandson. Tokugawa Japan. “He pretty much runs the place,” he tells me as I crack a smile. I later learn that he was unable to be at the birth of api reading penang, his grandson–his first grandson. Waiting For The Barbarians. He was gone on api reading penang, a two-week detail for the National Guard. As I search my book bag for my tape recorder, Alvarez gets up. “Would you like something to drink? Soda, orange juice, beer?” he asks. “No thanks,” I tell him. I chuckle at the offer of beer. Era In. I think to myself how entirely inappropriate it would be to drink an alcoholic beverage at a time such as this.
He returns to api reading penang the table with what appears to the spirit of christmas be a 40-ounce bottle of penang, beer. I’m not able to distinguish what variety of beer it is; it’s still covered with the u.s. v. nixon brown paper bag from the liquor store. He sets the cap on penang, the table in front of him and I recognize the Budweiser lid. Indeed, a truly American beer. He sits down in u.s. v. nixon his chair and leans back “Okay, now I’m ready,” he says right before he takes a big swig of api reading penang, his drink.
Alvarez is Leadership Essay not like the average retired copper miner, if one can argue such a thing exists. Api Reading Penang. No, Alvarez is one of those men who you know has battled life from all possible angles. His dark brown eyes tell the story of a man who has seen many a bleak, cold day. Waiting Barbarians Themes. His white hair is an indication of his age and acquired wisdom. Penang. His dark, weather-beaten skin exemplifies the many hours he has spent working in the sun and on The Era in Japan, the laborious work he has subjected his body to api reading penang for the majority of his life. He lifts up a cigarette and presses it between his lips. I watch with astonishment as he gracefully picks up his lighter and gently raises it to his face. His big, bulky fingers move with the characters greatest of ease.
They look strong, stronger than, I think to myself, any one of my arms. It’s almost as if they are performing a perfectly synchronized dance, some sort of warped finger ballet. With his right dancers he grips the api reading red lighter loosely but still firm. His thumb works as the resistance on the wheel of the lighter and with one stroke, a perfect quarter-inch flame is born. With the cast of his left hand he creates a symmetrical half-dome shield to block any wind from extinguishing the on The Tokugawa Japan flame. The red glow of the burning tip of the unfiltered cigarette glows in the hand wall he has created and lights up the lower half of his face. Penang. He sets the burning Pall Mall down and takes another big drink of static, his beer. It doesn’t phase him a bit. He looks at me, “Let’s get this started.”
Alvarez was born in Bisbee, Arizona. His father, Francisco Alvarez, a 50-year-old miner and later janitor, married his mother, Maria, when she was 30. Robert was the api reading penang oldest of his father’s new family (he had five other children from a previous marriage). His two brothers, Jim and Ronald, were nothing like their elder sibling. Instead of spending most of their time reading classic historical fiction, Jim and Ron were behaving like average adolescent boys their age.
The differences that distinguished Robert from for the, his two younger brothers grew wider once their father died in 1955. I ask Alvarez if he was thrust into the position of male role model for his brothers after the api reading death. “Definitely not,” he tells me. He fails to u.s. v. nixon elaborate any more on the subject, and I, instinctively, decide not to penang follow up on it. Something tells me not to press too deep into the subject. It appears he is not comfortable speaking of it. U.s. V. Nixon. I’m disappointed in detecting this, but it is obvious there was some sort of api reading penang, clash of Essay on The Tokugawa Era in Japan, personalities between the three. To this day, the brothers seldom speak to api reading each other. Little Robert Carlos Alvarez was born on March 14th, 1943.
From an early age, he was recognizably intelligent. As a young boy he played the violin, excelled in mathematics and science, and read everything he could get his hands on. His favorite tales were those of the chivalrous knights of medieval Europe, but he loved literature from all over for the themes the world. The book case near the entrance of his house is api reading penang filled with a diverse collection ranging from Dostoyevsky to Dante to the Bhagavad-Gita . He claims to have read the majority of works by these authors by the time he was 20 years of age. These authors gave him a view of a world that was much bigger than Bisbee. And because of this, they were his passports to u.s. v. nixon the rest of humanity. At the age of 17, Alvarez enlisted in the Army.
His mother urged him not to leave, but he insisted. He needed to see the world, he told her. Api Reading Penang. All the books he read as a youngster stirred his imagination. From the authors mentioned above, he held the past belief that much of the people in world were suffering, and, for some time, Alvarez was in his heart a socialist. It wasn’t until the fifth grade, however, that he learned of his socialistic tendencies. “When I was in fifth grade there was a big witch-hunt effort in the US for api reading penang communists. Of Christmas Past. They were looking under every rock for api reading them. Well, one day in class, I asked the teacher why some people had to be poor and others did not. Characters. I asked her if there was some kind of government that could make everyone the same. She told me there was and it was called communism. I almost shit! I thought communism was something bad.
It really wasn’t bad. People just didn’t understand it. People don’t understand suffering if they never really see it or experience it.” Once in api reading penang the military, Alvarez’s idea of suffering changed. “It was like the writers wrote but worse, way worse. The worst thing was the hunger. Japan. Starvation is a long, horrible process. Api Reading. I saw people dying in front of me. People living in static characters these starving countries didn’t care about government or politics. Penang. They just wanted to survive.
The ordinary people wished the United States and everyone else would leave them in peace. They didn’t want to be bothered by political things. They were more concerned about eating and Styles in Corporations, staying alive.” Upon returning to Bisbee from his military escapade, Alvarez found employment at the local Phelps Dodge mine and began his life following in the footsteps of his father and grandfathers. He applied for a position on a whim. “Well, I really don’t know why [I applied]. I just did.” For Alvarez the prospects of api reading penang, becoming a laborer for the mine increased when he learned that the the spirit of christmas past man in charge of employment knew his father. “He said ‘I’ll take your application and give you a call. Don’t even bother coming down.’ A couple of api reading, days later he called me at home. ‘Come on down here and of social, we’ll get the penang paperwork’. Easy as that.”
The next day, November 21st, 1963, was Alvarez’s first day of Tokugawa, his 36-year mining life. I’m careful not to say career when I describe his years of service to the mining industry because he claims it not to be a career. Api Reading. “I just thought of it as a job,” he explains as he takes yet another drink from his beverage. “All my life I never worked at a place where I thought of barbarians themes, it as a career. I just worked and made the best of it. A job’s a job. As long as they keep paying me, I don’t give a care.” And Phelps Dodge did continue to pay him.
At 20, he was earning close to $500 a month. This was a dramatic increase for him considering he only made $173 a month in the military. The increase in money prevented Alvarez from re-enlisting in the army and it kept him for the time being in api reading Bisbee. The $500 a month wages he received, however, came at a price. Alvarez worked underground for ten years in Bisbee. “It’s the dirtiest work you ever seen,” he tells me. “There’s mud, heat, water. It’s hot.” After hearing this, I question him further and ask him if he could describe in detail what an average day was like for him. He answers me, “a day in Hell.” I think he’s joking and the spirit past, I giggle. Alvarez’s face is void of emotion. He takes another drink from his beer. His time as an underground miner has paid its toll on his health.
Even today, 26 years after he left Bisbee, his hearing is very bad and he smokes a pack of cigarettes a day. Although the smoking may not be directly related with his work in api reading penang mines, his hearing definitely is. Workers underground were not supplied earplugs by Phelps Dodge when they would operate heavy-duty drills. Not that the on The earplugs would have made much difference. He refuses to wear a hearing aid. He prefers that people speak up to him instead.
Several times during the course of the api reading penang interview I had to repeat questions so that he could hear them. Twice during the interview I had to speak at very unnatural tones, almost yelling at him. It seemed like my uncomfortableness in doing this humored him. Although Alvarez is not what one would classify as an alcoholic, he obviously enjoys his beer. Again, this can also be contributed to his experience as an underground miner in Bisbee. Everyday, after his shift Alvarez, along with other underground workers, would go directly to the local bar. “The bars would have what they called an after-shift drink, free. You’d go in, and as soon as you got in, they gave you a shot of whiskey . . The Spirit Of Christmas Past. . Of course, they gave it to you so you would start drinking more. You’d stay in there with the old timers. A lot of us got there at penang, about 3:30. We’d stay there till about 5-6:00.
Except for the die-hard ones, they’d stay there half the night. “The miner’s drink was called a boilermaker. It was a shot of whiskey and a beer. We’d have quite a few of those. You had to keep up with the others, no matter how much of a hangover you had the next day. You had to Tokugawa Japan drink like Hell. The next day at work you’d damn near die sometimes. But, if you could keep up with them, you were one of them. You were a part of them.” Being a part of the underground clique was a major accomplishment for Alvarez. The pride is evident in his disposition when he speaks of these miners.
His eyes light, and his voice picks up. He produces a smile. He even sets his beer down. Api Reading Penang. It is clear that he cherishes the memories of risking his life working far below the surface with these men. “They were a different breed. They were like the infantry in the Army. The infantry was supposed to be the tough ones who could take anything. That’s what the underground miners were. The Spirit. They could take anything.” As he says this, I feel glad to api reading penang know that he belonged to something he considers to be special. Not long after that, though, I come to the conclusion that his inclusion in the group was special because it was the first and only time in his life when he was able to live in his Socialist ideal. All the men were equal.
There were no rich or poor among them–they were all the same, all trying to live a simple life. Each person took care of themselves and everyone else. Why it came to be this way, I do not know. Perhaps it was because they saw what he saw and waiting for the barbarians, they lived what he lived; they knew each other’s suffering, financial and physical. Maybe it was because they sometimes spent more than 70 hours a week in tight closed spaces together. Who’s to say, but one thing is for api reading penang sure: They were blue-collar men destroying their bodies for characters a company that could care less about them as individuals and more as a commodity. They were brother-laborers linked together, attempting to shield themselves from an overbearing parent company. When I think of it like this, Alvarez’s drinking, smoking, and hearing don’t seem like problems to me. I realize that they are only tolls on his body; and that they have not affected his mind in the least. They may eventually cost him part of his life, but the life he has lived has brought the penang kind of wisdom most of of christmas, us can only dream of ever gaining.
He knows life and he knows how the world does and should work. Penang. All three are things that many can never find in lifetimes lasting a hundred years. After 11 years in Bisbee, Alvarez was transferred to a new mine in his present home of Safford. Characters. As for the reason for the move, he says, “I got chosen to come over here. The big producers got chosen, the ones who put out the api reading most tonnage.” Other than the importance comradeship of working underground, tonnage was another major part in his life as an underground contract miner. Api Reading. Tonnage is a slang term describing the amount of copper a miner digs out. After working up the ladder from an u.s. v. nixon, entry laborer, or mucker, he made his way to the alluring money associated with contract mining. Basically, the idea behind contract mining was that teams of men, usually four per group, would work in split shifts to achieve a company set standard. The standard for the group took several factors of api reading, working conditions into consideration.
Things like underground temperature, how far ore needed to be moved, how many times ore needed to be moved, how far underground the mining was being done, and if there was the the spirit possibility of the penang shaft caving in were all accounted for by the company in its decision of a standard. For Alvarez, a common standard set for his crews was 80 tons per day. Each man was responsible for of christmas past 20 tons each. If the 80 tons were met, a bonus of 50 cents a ton was awarded by the company for penang the miners’ hard work. The system seemed reasonable enough for those motivated to static work hard and api reading, willing to be part of u.s. v. nixon, a team. However, problems often did arise in the arrangement. “Sometimes you got teamed up with some other crew that didn’t want to work.” When this happened, the outcomes often resulted in ill feelings between co-workers. “It used to get bad to where the day shift guys would go into the bar and start drinking and at eleven o’clock they’d be waiting outside for the other guys to get out. They’d start fighting.” The selection of Alvarez for the Safford mine was a wise one. At one point in his work underground, he was pumping out 25 tons of ore a day. This is when he says he was making the penang best money of his young life. Styles Essay. “I was making really good money. That in itself was motivating me to api reading penang work harder,” he says.
The money wasn’t everything, however. During this time, he met his first wife, Alice. He was 24 and ready to settle down. Characters. She was 22 and significantly younger in terms of api reading penang, what she had seen in waiting themes life compared to him. The two were married March 21st of 1967. After eight months of marriage, Alice died during complications in childbirth. Alvarez, destroyed and api reading, distraught, was also out of work. A strike began the previous July and would continue up until the on The Era in next April. Api Reading Penang. He remained out of on The Era in Japan, work until then. “It was a bad time in my life,” he says as he takes another drink from his beer. The strike ended quickly after and a few years later, Alvarez met his current wife, Anna.
The two instantly fell in love. Anna had a child from a previous marriage, and when the two married on March 21st, 1970, Alvarez adopted Gilbert Anthony as his own son. “I always thought of him as my boy. He was born the same day my wife died.” Two years after their marriage, he and Anna had their first child together, Frederick Robert. Ironically, Fred was born on api reading, Gilbert’s birthday, and the fifth anniversary of u.s. v. nixon, Alice’s death. With his second child, and happy marriage, things were beginning to look up for Alvarez.
Incidentally, the March 21st wedding of Robert and Anna coincidentally landed on the same day of his first wedding. Both weddings fell on a Saturday, Alvarez’s day off from work. From as far as Alvarez could remember, strikes were a regular occurrence at api reading penang, Phelps Dodge mines. “When I first started working in Bisbee, every three years there was a strike. Static Characters. Every three years, never failed.” He pauses to penang take a drink of his beer. “Every three years the union would call a strike to negotiate contracts.” The union was something Alvarez never cared much for. The Spirit Of Christmas Past. He held a stereotype of all union members based on his experiences with them. Part of api reading penang, this stereotype came from his encounters with union representatives who pressured him to Essay on The Tokugawa Japan join the union. Penang. “The union guy would come over there and try to sign you up.
When you signed up, they finally would leave you alone. As long as you sign, they can take that money out of your paycheck. They used to take about $10 out. After that, they don’t bother you and you don’t bother them. I never made a union meeting in my life.” Other than the characters greed Alvarez saw in unions, the other part of the stereotype he held involved their indolence. Api Reading. “A lot of the union members were the importance of social lazy guys,” he says. He claims the penang union also prevented him from outputting tonnage by the number of rules and regulations it set up. “The union used to make up a lot of rules that would keep you from u.s. v. nixon, making money.” I ask for api reading an example. Waiting Barbarians. “Like at lunchtime. You couldn’t blast more than ten sticks of dynamite because the union members said the smoke would fill up all over penang and people couldn’t eat in the tunnels. It would be too much smoke for them.
For a lot of the real workers, the smoke would not bother them. Lunch was to eat not enjoy.” Alvarez’s solution to rules and regulations like this was to not get caught. “At lunchtime I would use 50 sticks of in Corporations, dynamite but only api reading penang say I used 10. I wasn’t going to get less tonnage and u.s. v. nixon, lose my money for api reading them.” Alvarez was turned in for the barbarians themes a number of api reading penang, times by the union and was dealt with by PD. “They just told me to stop,” he says. He didn’t stop, however. “I’d just cool it down for a while. Barbarians. Then, the next chance I got, I would do it again.” Alvarez put up with the union for the next 15 years, but in api reading 1983, the shape of unions at Phelps Dodge was undergoing a drastic change. Static Characters. More specifically, the company was in api reading penang the process of eliminating them.
When Alvarez first started working in Safford in April of 1975, a union did not exist at the mine. “They didn’t have a union in Safford. PD didn’t want a union, so there wasn’t one. Waiting For The Themes. The union was still around and real strong in Morenci, though.” Indeed, the union in Morenci was strong and held a considerable amount of influence in the company. Morenci is a 45-minute drive east of Safford. The town was, and api reading, still is, completely controlled by Phelps Dodge. The overwhelming majority of people who live there work for Tokugawa Era in Japan the mine. The union had to be strong in such circumstances. Employees would fight not only for working conditions but also living conditions. Often times, or more accurately, every three years, clashes between the two factions arose. The most heated clash, and the strike which drew enormous national and world attention for its government-aided striker loss, began July 1, 1983. Api Reading. It eventually ended led to the fall of the union in Morenci.
At the time of the strike, Alvarez had moved from the Styles in Corporations Safford mine, which had been closed in 1982, to a division of small mines being prospected by api reading penang, PD. However, for Essay on The Tokugawa Era in the two weeks preceding the strike up to api reading the first day of the strike, he was working in Morenci as a loan from small mines. Essay On The Tokugawa Era In Japan. “I was loaned by small mines to Morenci to api reading clean copper out of a furnace. There were a few of us. Of Christmas Past. We had to drill and blast it out. The first day of the api reading strike was the waiting for the last day I worked in Morenci. They asked me if I wanted to api reading penang stay there after the strike started but I said no. I left the mine, and outside thousands of people were lined up.
I didn’t get out of work until 7AM, but they left me alone because they knew I was leaving. If they thought I was a scab, they probably would have killed me. I didn’t want to be a scab. I just wanted to go back to on The Tokugawa Japan small mines.” Alvarez did go back to small mines, but did not stay there long. “With small mines, PD was trying to api reading penang look into barbarians little, old mines, mining claims all around that had been closed for decades. They were leasing them looking for ore.
The first place I went was Gallup, New Mexico. Api Reading Penang. We went around looking in static the hills looking for ore. PD thought that the old time prospectors had missed a lot of ore.” PD was wrong. The old prospectors of the area, using only hand tools, cleaned the hills surrounding Gallup of nearly all the ore. “The old miners dug out every little ounce of what there was,” recounts Alvarez. After PD decided small mines was a flop, Alvarez was asked to work in penang Morenci. By this time, the strike was over a year old. He started in August of 1984. U.s. V. Nixon. “By that time, there were a lot of openings, and lots of miners from api reading, all over the state were taking the for the themes [positions] over.” Demonstrators still lined the api reading penang gates of the mine, and they continued to yell and past, spit at scabs entering the compound, but Alvarez paid no attention to them. Initially, Alvarez felt compassion for the strikers. “When the strike first started, I felt sorry for the people, that’s why I didn’t stay to api reading penang work there instead of small mines. I didn’t want to take their job away. They were just ordinary workers fighting for their cause.” After he says this, I ask him what caused the relapse in his judgment when he decided to work there a year later.
To this he replies, “the people changed. I didn’t feel sorry for them anymore. A lot of the pushy, union strikers ended up going back to work a year later. The one’s who made the most noise were some of the first ones to u.s. v. nixon come back. The strikers were outnumbered. Most of them went back to work, and they weren’t as solid. They got hungry.” He takes another drink of his beer. Alvarez was called a scab but it did not disturb him a bit.
People never approached him during his time off from work or threatened him like they did to other scabs. “I don’t give a damn about people or what they think of me. The strike was broken for all practical purposes and when I went in, I never had anybody come up to me.” Alvarez’s family, however, did feel some anxiety from others in the community. One of Anna’s closest friends told her over the telephone one day that she no longer wanted to penang associate with her ever again. Past. Debbie, Alvarez’s next child after Frederick, claimed to be threatened on the playground many a time at school by children of strikers. Gilbert said his Catechism teacher, a wife of a demonstrator, harassed him. All this did die, however, as the strike came to an end and his life amid the strike that was famous for penang failing went back to normal. Reflecting back on the strike, Alvarez takes another drink from his bottle and says this, “The union was going to break PD. It was too strong.
No one was able to work because there were so many rules and the spirit of christmas past, regulations. That’s why they got rid of it, and api reading penang, they went into a lot of debt to get rid of it. Looking back on it, though, I think PD had it all planned out for years. They do need some kind of union, but they don’t need one no near as powerful as that one. Under the new PD, it’s to the point to where they can’t form a union. The still need someone to stick up for the ordinary worker. It was just too powerful at that time. “PD more or less dictates everything now for u.s. v. nixon the worker.
But, I think this was planned a long time ago. One thing about penang, PD, and that’s always been that way, is that they’re going to Essay Tokugawa Era in Japan do what they want to do. It’s take it or leave it. You don’t like it, tough. Api Reading. You either keep working and not like it or you find another job.” Alvarez was able to raise five children and support his wife with his job at importance, Phelps Dodge. Api Reading Penang. He was also able to send three of his kids to college and is planning on sending another next fall. He bought a house, 14 cars, and waiting for the barbarians themes, never missed a payment. He built a life with the money he earned at Phelps Dodge.
He sacrificed his hands, his lungs, his hearing, and more especially his liver for a company that paid him poorly for all he gave. Alvarez never complained about his job and still doesn’t. “I made a living off of it. If they go broke tomorrow, I don’t care. If they went broke when I was working there, I would have found a job somewhere else. I never thought of it as a career. I’m not the type of person who is ambitious. I’m not trying to api reading penang come out ahead. I’m just trying to make a life, that’s it.” After Alvarez tells me this, he takes another drink of his beer. As I watch him, I’m left breathless.
I think to myself that the man sitting across from me is the living quintessence of what the importance of social entrepreneurship beaten up workingman is. He’s been dealt a less than average hand by life, but has been able to make the api reading best of u.s. v. nixon, it. He’s a fighter who refuses to give up. He’s independent and never depended on penang, a union or anyone else to stick up for him. He’s a family man who sacrificed himself to provide. The more I reflect on this, the the spirit of christmas more I realize that he’s more than just the good guy who has been wronged by life. He’s a hero. Penang. But he’s a hero for more than just the workingman. He’s a hero for anyone who knows what it is like to work hard and Leadership Styles in Corporations, get paid softly. He’s a hero for anyone who knows what it is like to combat life from all directions. He’s a hero for all those who can relate to the education life gives.
I realize that this man deserves to have his story recorded even if he is not as rich as Bill Gates or as powerful as Jess Jackson (both of whom will be remembered in history). His story needs to be shared, and api reading penang, I’m not just saying that because he’s my father. U.s. V. Nixon. He’s my hero too.
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6 Qualities In a Leadership Role Model. A short while back, I wrote a post about disruption not being a career strategy. Api Reading Penang! In the comments, Steve Jobs was mentioned and I commented that for every person who feels Jobs was an inspiration there€™s another that will say how difficult he was to work with. A reader disagreed with me. I would love to hear why a visionary CEO who led 60k+ employees and of social the rest of the planet into the next generation should not be looked upon as a role model. Api Reading Penang! I think we can all agree that Steve Jobs was a visionary. Static Characters! But being a visionary does not necessarily mean an individual is penang, a great leader and on The Tokugawa Japan role model. Today€™s post isn€™t to debate whether Jobs was a great leader or not. Even if we don€™t agree with Jobs€™ style, there could be moments when, depending upon the situation and the players involved, we all need to channel our jeans and black turtleneck to get something done. When I think of leadership role models, the first thing that comes to mind is api reading, servant leadership. The idea is, to be an the spirit past, effective leader, we adapt ourselves to the situation we are facing.
We adjust our style so others understand instead of forcing others to adjust to api reading penang us. In that way, we serve other first. Static! I was reminded of it recently in a piece written by Kareem Abdul-Jabar, the api reading penang NBA€™s all-time leading scorer, who wrote a review of the television show €śGirls€ť. He got a lot of Leadership Styles, flack for writing the review. So much so that he explained why: €śWe should all be intently listening to voices of the next generation, hearing what they have to say and, when they are struggling to say it, help them to articulate better.€ť He added, €śThat€™s the advantage of growing older in this youth-centric society.€ť. Back in the 1970€™s, Robert Greenleaf, director of management research at ATT and founder of servant leadership, did the same thing. No, he didn€™t watch €śGirls€ť €“ he decided to read what the youth movement was reading at the time.
The novel was €ś Journey to the East €ť by Hermann Hesse. €śJourney to api reading penang the East€ť is about a group of people who are traveling to Essay on The Era in Japan a new land. Accompanying the group is their servant, Leo, who sings songs and penang takes care of their needs. During the Leadership Styles in Corporations Essay journey, Leo disappears from the group. The group struggles to stay together and eventually disbands. Several years later, it is api reading, discovered that Leo (the group€™s servant) was really their leader. Inspired by Leo€™s character, Greenleaf realizes that the key to Essay on The Tokugawa leadership is to api reading penang serve first. Greenleaf talks about Styles Essay several qualities associated with servant leadership.
Regardless of your philosophies about leadership, I€™ve found over the years, these are ones that are consistently mentioned in api reading, conversations about leadership and role models. Awareness €“ leaders must open the doors of perception and see what€™s inside. This can be a disturbing thought. But it€™s to provide reality and see things in static, perspective. Api Reading Penang! Commitment to developing people €“ leaders help others become good leaders. Empathy €“ leaders not only identify with others, but accept what others contribute. Era In! It requires a tolerance of imperfection.
Foresight €“ Being able to sense the unknowable and unforeseeable future gives leaders their €śmojo€ť. As a leader, we must use good decision making skills and remember that a lack of decision making can be perceived as an ethical failure. Listening €“ leaders naturally respond to a problem by listening first. True listening builds strength in others. Persuasion €“ Whether it happens one person at a time or one action at a time, leaders are willing to use their talents and api reading penang demand little from others. Even if it means standing aside and serving when asked. Steve Jobs was a leader.
Everyone has leadership ability. It€™s how we use our leadership abilities that decides if we are a role model for on The Era in others. Enlightening article on a beautiful Sunday weather, thank you for api reading sharing! It feels good to know we are doing fair job leading and grooming young talents in our company. Empathy though is the biggest challenge for static me especially the tolerance of imperfections. The attitude and habits of the employees will always affect the operation and productivity of our organization. Being trained a decade ago with traditional ways like it#8217;s either you have it or you don#8217;t compared to now if you don#8217;t have what it takes, we will take you there, it is really difficult to create a brand new belief even to yourself. Penang! It would take some time to master the empathy part. Tokugawa! There have been many visionary Leaders in History, some you would want as role models and some definitely not (i.e.Hitler). I personally think Steve Jobs serves as a good role model even though, from all accounts, he could be very difficult to work for. Most good Leaders do possess the api reading traits listed in Tokugawa Japan, the article.
An excellent Leader in my opinion is one who achieves results and api reading makes everyone in the organization happy to help. @Shiela €“ You€™re absolutely right. Empathy can be a challenge. Leadership Styles In Corporations Essay! Each of us has a different frame of api reading, reference and brings unique experiences to for the the conversation. Thanks for sharing. @Betty €“ Thanks for the comment. I struggle sometimes with the idea of a role model that€™s difficult to work with. But I can definitely see where we all have behaviors that another person might want to emulate. This was a fantastic post to read! To be a leader and a role model#8230;that should be the real goal shouldn#8217;t it?
As a very new #8220;Boss#8221; and #8220;Leader#8221; myself I am always wondering how my staff views me as a person. I think back to past experiences with ex employers who motivated me, angered me, scared me, etc and I try to use those few positive experiences on my own employees! I think an essential leadership trait would be to treat your employees how you would want to be treated. Teach them how you would like to be taught. Api Reading Penang! Lead them how you would like to be lead. The #8220;Golden Rule#8221; of life and the work place#8230;treat others how you would like to be treated. This post really reminded me of a book I just read by author Bill Sims Jr., €śGreen Beans and for the barbarians Ice Cream€ť (http://greenbeanleadership.com/).
The author is well known for designing behavior-based recognition and reward programs for companies such as Coca-Cola, McDonalds, and Disney. This book clearly points out that the thing we need the most, is the thing we often receive the least€”positive reinforcement and feedback from those around us. This is api reading penang, true on a leadership level, with family, friends and even with your spouse. The theme of positive reinforcement plays a main role in this book and it stresses that as a leader we must constantly be improving how individuals feel about themselves, the work they€™re doing and u.s. v. nixon the results they€™re achieving. I hope you will give it a read#8230; I recommend it to penang anyone in static characters, a leadership role, not just an employer#8230; it#8217;s great for teachers, parents, and even for your spouse ź™‚ Thanks so much! Thanks for the comment Melissa and sharing the resource. I haven#8217;t heard of Mr. Sims#8217; work but I#8217;m going to check it out. Api Reading! There are leaders and great leaders. Essay On The Tokugawa Era In Japan! You are either born as one, or you can learn how to api reading penang be one. I found that the ones that learn how to be a leader, trying to do a good job consciously, are the true great leaders.
Because they also learn how to be humble, and treat their employees with respect and leniency. Past! They don#8217;t let power get to api reading penang their heads, and they seldom turn to of christmas past tyrants. So I think that another quality that should be added to the list is api reading, humility. @Mihai €“ Your comment reminded me of the first line in €śGood to Great€ť €“ the whole €śgood is the enemy of the spirit of christmas past, great€ť concept. Is it possible that good leadership keeps us from great leadership? Hi! I'm Sharlyn Lauby, an HR pro penang, turned consultant. I created the HR Bartender blog so people would have a friendly place to of christmas past discuss workplace issues.
And since, over the years, I've developed an appreciation for the culinary arts (translation: I'm a foodie) you'll see some of that here, too. So pull up a stool and order your favorite drink. the bar is always open.
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Essay on Equilibrium: Top 9 Essays. In this essay we will discuss about penang, Equilibrium in Economics. After reading this essay you will learn about: 1. Meaning of Equilibrium 2. In Corporations? Static Equilibrium 3. Dynamic Equilibrium 4. Stable and Unstable Equilibrium 5. Neutral Equilibrium 6. Penang? Partial Equilibrium 7. General Equilibrium 8. Working of the General Equilibrium 9. Uses of General Equilibrium Analysis. Essay on the Meaning of Equilibrium Essay on Static Equilibrium Essay on Dynamic Equilibrium Essay on Stable and Unstable Equilibrium Essay on Neutral Equilibrium Essay on Partial Equilibrium Essay on General Equilibrium Essay on the Working of the in Corporations, General Equilibrium Essay on penang, the Uses of General Equilibrium Analysis. The word ‘equilibrium’ is derived from the Latin word an equilibrium which means equal balance.
Its use in economics is imported from physics. Static? In physics, it means a state of even balance in which opposing forces or tendencies neutralize each other. Penang? Prof. Stigler defines equilibrium. in this sense in u.s. v. nixon these words – “An equilibrium is a position from which there is no net tendency to move, we say net tendency to emphasize the fact that it is not necessarily a state of sudden inertia but may instead represent the api reading penang, cancellation of power forces.”
In economics, equilibrium implies a position of rest characterized by absence of change. It is a state where there is complete agreement of the economic plans of the various market participants so that no one has a tendency to revise or alter this decision. In the words of Prof. Importance Of Social? Mehta – “Equilibrium denotes in economics absence of change in movement.” In other words, it is penang, a market situation where all decisions by Era in Japan the participants are in unity with each other. “A market, or an economy, or any other group of persons and firms is in equilibrium when none of its members feels impelled to change his behaviour. For a group to be in equilibrium, therefore, all its members must be in equilibrium; and the equilibrium behaviour of each member must be compatible with the equilibrium behaviour of all the other members.” Suppose a continuous and constant supply of fish conies to market daily which is bought with the same degree of eagerness by prospective buyers. For this, the market price must be such as to penang equate the demand and supply of fish. When demand and supply are equal at a particular price, it is the state of equilibrium.
The price at Leadership Styles, which fish is bought and penang sold is the equilibrium price and the quantity of fish bought and sold at that price is the equilibrium quantity. At the importance of social, equilibrium price neither buyers nor sellers have an incentive to buy and api reading penang sell more or less. To illustrate, in Figure 1 the supply curve S intersects the demand curve D at static, E which is the equilibrium point, and OP and api reading OQ represent the equilibrium price-quantity combination. If for some reason, price falls below the equilibrium price to OP 2 , the quantity demanded will increase and quantity supplied will diminish, i.e. Characters? P 2 d P 2 s. Forces will set in, which will tend to push the price back toward the equilibrium position E. Similarly, a price “rise above the equilibrium level to OP will increase the supply and penang reduce the demand, P 1 s 1 P 1 d 1 and it will instantly be brought back to E. The equilibrium position explained above reveals another feature of the on The Tokugawa Japan, notion of equilibrium that it is a state of rest, characterized by penang movement where opposite forces are counteracting each other. Once this position is reached, there is no tendency to move away from it. According to Prof. Mehta: “Static equilibrium is that equilibrium which maintains itself outside the period of time under consideration.” It is a state of bliss which every individual firm, industry or factor wants to attain and once reached, would not like to leave.
A consumer is in equilibrium when he gets maximum satisfaction from a given expenditure on different goods and services. Any move on his part to reallocate his expenditure among his purchases will decrease rather than increase his total satisfaction. A firm is in equilibrium when its profits are the maximum and it has no incentive to expand contract its output any deviation from u.s. v. nixon this position will lead to diminution in profits. Similarly, an industry is in equilibrium when it has no incentive to change its total output. It is a position in which neither the api reading, existing firms have any tendency to leave nor for new firms to enter the industry. In other words, industry s equilibrium when all firms are earning only normal profits. A productive resource is in equilibrium when in its highest paid employment so that its income is maximised. It has no incentive to otter more or less of its service and not to seek employment elsewhere.
If it does so, it will reduce its income Prof. Boulding has explained static equilibrium in these words: “A mechanical analogy may be found in the spirit of christmas past a ball rolling at a constant speed or better still of a forest in equilibrium where tree sprout grows or dies but where the composition of the forest as a whole remains unchanged.” Or, a train running at a constant speed. This is static equilibrium, which is based on given, and constant prices, quantities, income, tastes, technology, population, etc. In dynamic equilibrium prices, quantities, income tastes, technology, etc. Api Reading Penang? are constantly Thus over a period of time, a state of disequilibrium rather than of equilibrium is to be found if there is disagreement in the decision being made by some of the market participants; it tends to alter the existing equilibrium situation, and there is disequilibrium. Those participants who are in disequilibrium in their efforts to reach the equilibrium position throw others into u.s. v. nixon, disequilibrium. Thus a chain reaction sets in which ultimate brings the decisions of all the participants in penang harmony and a new equilibrium position is established As Prof. Mehta has said, when after a fixed period the equilibrium state is disturbed it is called dynamic equilibrium. To continue our example, suppose some more persons develop the taste for fish as a result the demand for fish will increase. The Spirit? It will upset the api reading penang, previous plans and dispositions of entrepreneurship, all the participants in the market.
Seller will at once raise the price and thus change the behaviour of the old buyers. The market will be thrown into a state of disequilibrium and will remain so till the supply of fish is increased to the level of the api reading penang, new demand, whence new equilibrium will be brought in by the contending forces. Figure 2 explains this process from the state of disequilibrium to equilibrium with the help of the Cobweb Theorem. The initial equilibrium position from which disturbance starts is point a where D and S curves intersect. When demand increases to D 1 price at once shoots up to OP 5 . (= qb), but as the supply of fish is increased gradually over a period of time, it continues to fall till it reaches g, the new equilibrium point where Oq 3 quantity is demanded and supplied at on The Tokugawa Japan, the new equilibrium price OP 3 (= q 3 g). This explains dynamic equilibrium. Api Reading Penang? But the question arises as to when and how this new equilibrium position will be reached. The supply of fish cannot be increased within a day. It may take some period of time for barbarians the producers to plan and bring the api reading, additional quantities to for the the market. This is known as lagged adjustment which can be explained with the help of the Cobweb Theorem In Figure 2 when with the penang, increase in Leadership Styles in Corporations demand from D to D 1 , price shoots up to qb (=OP 5 ) It is expected to stay at that level for some time.
It, therefore, induces the producers to increase the penang, supply by for the barbarians qq 1 or the total supply toOq 1 . But this is more than the equilibrium quantity Oq 3 . which is needed in the market It will, therefore, lower the price to api reading q d (= OP 5 ) and thus again lead to alterations in the production plans of the producers whereby they will reduce the supply to Oq 1 . But this quantity is less than the equilibrium level Oq 3 Therefore price will rise to OP 4 , in turn will stimulate the supply to Oq 3 . Thus equilibrium will ultimately be established at point g where S and D 1 , curves intersect and 3 – Oq 3 is the price-quantity combination. This is dynamic equilibrium with lagged adjustment. Essay # 4. Stable and Unstable Equilibrium : The different positions of importance of social entrepreneurship, equilibrium presented above pertain to stable equilibrium. Any disturbance in the equilibrium situation is self-adjusting so that the old equilibrium position is restored as shown in Figure 1. “When the demand price is equal to the supply price, the amount produced has no tendency either to be increased or to be diminished; it is equilibrium. Such equilibrium is stable; that is, the price, if displaced a little from penang it, will tend to return, as a pendulum oscillates about its lowest point.” According to Pigou, a ship with a heavy keel is in stable equilibrium. Another famous simile is that of a bowl and on The Tokugawa Era in Japan a ball given by Schumpeter. A ball that rests in a bowl is in stable equilibrium because if disturbed it will eventually come to rest in api reading penang its initial position after moving back and forth, as shown in Figure 3. On the other hand, equilibrium is unstable when any disturbance in equilibrium situation brings in forces which move the system away from it, never to be restored.
In Pigou’s words, “If the small disturbance calls out further disturbing forces which act in a cumulative manner to drive the system from its initial position,” it is in unstable Fig. 4 equilibrium. “As an egg if balanced on on The Era in, one of its ends would at the smallest shake fall down, and lie length ways,” as pointed out by Marshall. If the bowl is inverted and the ball is perched on its top, it will be in unstable equilibrium. For once the ball is pushed; it falls off the top of the api reading, bowl to the ground and does not return to its original position, as shown in Styles in Corporations Figure 4.
Another type of penang, equilibrium generally referred to is neutral equilibrium. Leadership Essay? When an initial equilibrium position is disturbed, the forces of disturbance bring it to the new position of equilibrium where the system has come to rest. A ball on penang, the billiard table if disturbed will come to entrepreneurship rest at the new position to which it has moved. According to Prof. Pigou, “An egg lying on its side is in neutral equilibrium”. The static neutral equilibrium condition is illustrated in Figure 5 and the dynamic in Figure 6. In Figure 5, E is the initial equilibrium point where.
OO quantity is demanded and api reading penang supplied at OP price. U.s. V. Nixon? With the rise in the price to OP E. becomes the new equilibrium point but the quantity demanded and supplied remains the penang, same, i.e., OO. Thus the price range PP 1 (=EE 1 ) represents neutral equilibrium. In case the market is dynamic, an increase in waiting barbarians themes demand leads to a rise in the price to OP 1 (=Qb) which induces the producers to api reading penang increase the supply to OQ 1 , in Figure 6. But the the spirit of christmas past, demand price Q 1 d being less than the api reading penang, supply price if, Producer tends to reduce the supply to OQ. But the demand is more than the supply at this level; price will, therefore, again rise to waiting for the themes Qb(=OP 1 ). In this way, the prices and quantities will move in a circle with oscillations of constant amplitude around the equilibrium point e. It may be noted here that of the three equilibria—stable, unstable and api reading penang neutral—it is only the stable equilibrium which is of use to economists for analysing complex economic problems.
The unstable and neutral equilibrium are, however, of academic interest only. Partial or particular equilibrium analysis, also known as microeconomic analysis, is the Leadership Essay, study of the penang, equilibrium position of an individual, a firm, an industry or a group of industries viewed in isolation. It is a market process for the determination of product prices and factor prices in which one or two variables are discussed, other things remaining equal (ceteris paribus). In the words of Prof. Stigler: “A partial equilibrium is one which is based on only a restricted range of data, a standard example is price of a single product, the prices of in Corporations Essay, all other products being held fixed during the analysis.” The Marshallian economics is mostly a study in api reading partial equilibrium analysis. Partial equilibrium analysis is concerned with two types of economic problems. First, those pertaining to only particular aspects of the economic behaviour of a certain individual, firm or industry.
For instance, it may limit itself to the market for a single product where its price, the technique of production, and the amount of factors used in its production are taken into consideration, while all other factors affecting it are assumed to be constant. Second, it studies only the first-order consequences of the economic events it analyses. It ignores the effects on the prices of other commodities brought about by the product being analysed and in turn secondary influences of the former on the product. We may briefly study the equilibrium conditions of an individual, a firm, an industry and a factor. A consumer is in equilibrium when he spends his money income on the spirit, different goods and services in such a way that he gets the maximum satisfaction. (1) the marginal utility of each good is penang, equal to its price (P) MU A /P A = MU B /P B = MU N /P N ; and. (2) the costumer must spend his entire income (Y) on the purchase of goods, i.e., Y= P pB A Q + P B Q B P N … +P N Q N. It is Essay on The Era in, assumed that his tastes, preferences, money income and the prices of the goods he wants to buy are given and constant. A firm is in equilibrium when it has no tendency to change its output. Penang? In the short-run, it equalizes its marginal revenue with marginal cost and in the long-run it satisfies the conditions of full equilibrium, LMC = MR = AR = LAC as its minimum.
Thus, it earns only normal profits and has no tendency to leave the industry. In the static, analysis of the firm, the given data are the techniques of production, the penang, prices of its products and of the factors. An industry is in equilibrium when all its firms are earning normal profits and there is no tendency for the existing firms to leave or for new firms to Leadership in Corporations enter it. In the market for a single product, only penang, one price rules at a time at which the quantity which the consumers wish to buy exactly equals the quantity being produced by the different firms. Each firm in Essay on The the industry sells its product at penang, the ruling market price and produces that level of output where its marginal cost equals marginal revenue. In the static, short-run, it can produce even at a price less than its average costs of production, but in the long-run the price must equal its minimum long-run average costs (LAC) of production.
A factor of production (land, labour, capital or organization) is in api reading penang equilibrium when it is waiting barbarians, employed in its highest paid employment so that its income is maximized. It is a position where its price equals its marginal revenue product. At this price, it has no incentive to offer more or less of its service and not to seek employment elsewhere. Thus, there is one price for the factor which rules throughout the market at any time. Moreover, the quantity of the factor which its owners are willing to sell at the ruling price must equal the api reading penang, quantity which the entrepreneurs are willing to hire. This partial equilibrium analysis of the market assumes that the price of the Essay on The, product is api reading, given and constant for consumers. Their incomes, tastes, habits and preferences also remain constant.
For the firms, the prices of the productive resources of the product and of other related products are known, and constant. Factors of production are easily available to the industry at known and constant prices in accordance with the techniques of production in use. If there is for the themes, any change, say in penang consumers’ tastes or techniques of production, the producer- consumer plans are revised and equilibrium is re-established, though at a new level. The analysis of the market for a factor assumes that the the spirit, prices of the products which the factor helps in producing are known and constant and the prices and quantities of all other factors are also given and constant. Moreover, factors of production are perfectly mobile between occupations and places. In the short- run, a factor may be earning less than its marginal revenue product, but in api reading the long-run its price must equal the marginal revenue product at all places and in all employments. The analysis discussed above relates to a perfectly competitive market which can also be extended to monopoly, monopolistic competition, oligopoly, and monopsony markets. Partial equilibrium analysis possesses certain advantages: 1. It helps us in analysing the causes of a change in the price of a product or service. Similarly the cause of static characters, a change in the behaviour of an individual, a firm or an industry can also be understood.
2. Penang? This method helps in the spirit past predicting the consequences of changes in the behaviour and plans of the market participants. The consequences of interferences by the state in the working of the market system can also be analysed. For example, what are the effects of an excise duty on api reading, the prices, output, sales, and profits, etc. on cotton textiles fall within the ambit of the partial equilibrium analysis. 3. It is an indispensable tool of analysis for the solution of practical problems. By concentrating on a limited and narrow range of economic subjects and by reducing the field of enquiry to one or two variables, it makes the economic problems simple and intelligible.
4. For an importance of social understanding of the general working of the economic system which involves the api reading, interdependence of economic variables, partial equilibrium analysis acts as a stepping stone. Tokugawa Era In? Without it, we cannot understand and analyse general equilibrium analysis. But partial equilibrium analysis has its limitations. 1. It is confined to one particular field, may it be an api reading individual, a firm or an industry and ignores the study of the economy. 2. If unrealistic assumptions which separate the study of a specific market from the rest of the economy are dropped, partial equilibrium analysis breaks down. 3. It fails to explain the consequences of an economic disturbance in the market that leads supply and demand changes, moving from themes one market to another and thus initiating second, third and api reading penang higher order waves of change in of social entrepreneurship the entire economy. 4. Partial equilibrium analysis is incompetent to study the interrelations of all parts of the economy. General equilibrium analysis is an extensive study of a number of economic variables, their interrelations and interdependences for understanding the working of the economic system as a whole. It brings together the cause and effect sequences of changes in prices and quantities of commodities and services in relation to the entire economy. An economy can be in general equilibrium only if all consumers, all firms, all industries and all factor-services are in equilibrium simultaneously and they are interlinked through commodity and factor prices.
“The theory of General Equilibrium is the theory of interrelationship among all parts of the economy.” Thus, partial equilibrium analysis is encompassed in the general equilibrium analysis. General equilibrium exists when all prices are in equilibrium; each consumer spends his given income in a manner that yields him the maximum satisfaction; all firms in each industry are in equilibrium at all prices and outputs; and the supply and demand for productive resources are equal at equilibrium prices. The general equilibrium analysis is based on the following assumptions: (1) There is perfect competition both in api reading the commodity and factor markets. (2) Tastes and habits of for the themes, consumers are given and constant. (3) Incomes of penang, consumers are given and constant.
(4) Factors of production are perfectly mobile between different occupations and places. (5) There are constant returns to scale. (6) All firms operate under identical cost conditions. (7) All units of a productive service are homogeneous. (8) There are no changes in the techniques of production. (9) There is full employment of labour and other resources. Essay # 8. Leadership In Corporations? Working of the General Equilibrium: Given these assumptions, the economy is in api reading penang a state of general equilibrium when the demand for every commodity and Essay on The Tokugawa Era in service is equal to the supply for it. It implies perfect harmony of the decisions made by all the market participants. Api Reading? The decisions of consumers for the purchase of each commodity must be in perfect accord with the decisions of producers for the production and for the barbarians themes sale of each commodity.
Similarly, the decisions of owners for selling each factor service must be in perfect harmony with the decisions of their employers. Api Reading? It is only when the Japan, decisions of buyers of goods and services fit in perfectly with the decisions of sellers that the market is in general equilibrium. Given the api reading penang, tastes, preferences and aims of the consumers in the economy, the quantity of each commodity demanded depends not only on its own price but also on characters, the price of each other commodity available in the market. Thus, each consumer maximizes his satisfaction relative to the prices ruling the market. For him, the penang, marginal utility of each commodity equals its price.
Each consumer is assumed to spend his entire income on consumption, so his expenditure equals his income. His income, in turn, depends on the prices at which he is of social, selling his productive services. In other words, a consumer earns by selling the productive services he owns. Thus, the demand of consumers for the various commodities depends upon their prices and the prices of services. Let us take the supply side. Given the market structure, the state of technology and the aims of firms, the price at which a commodity sells depends on its costs of production. Api Reading? The costs of production, in turn, depend on the quantities of the various productive services employed and the prices paid for them. Assuming constant returns to scale and identical cost conditions for all firms, each producer will produce and sell that quantity of output at which the demand price for the commodity equals both the minimum average cost and the marginal cost.
The equilibrium of the commodity market is illustrated in Figure 7(A). The market is in equilibrium at point E where the market demand and supply curves D and S intersect. It determines OP price at which OQ M quantity of the product is bought and sold in the market. There being identical cost conditions, each firm in the market produces and sells the commodity at the given price OP. The Spirit Of Christmas Past? It is in equilibrium when MC = MR and AC=AR at point E 1 producing OQ units of the commodity, as shown in Panel B. If, say, there are 100 firms in the market each producing 60 units of the commodity, the total production will be 6000 (=100 x 60) units. This analysis inter alia can be extended to all commodities being produced in the economy. Like the equality of demand and api reading penang supply of commodities, the characters, equality of demand and supply of factor services is also essential for the general equilibrium system. The demand for productive services comes from the producers and penang supply from the for the, consumers. Given the state of technology and the profit maximisation objective of the producers, the quantity of a factor used in producing a commodity depends on the relationship between the prices of that factor and of all other factors and on the prices of commodities. Each producer maximises his profits relative to the ruling factor prices by employing the various factors in api reading penang such proportions and quantities that their marginal revenue productivities are equal to static their prices.
Since there is full employment in the economy, the markets for factors are in equilibrium when the total quantities of penang, factors offered and the total quantities employed are equal, The equilibrium of the factor market is illustrated in Essay on The Figure 8 where in Panel (A), the price of a factor OP and api reading penang its quantity ON are determined in the market by the interaction of its demand and supply curves D and S at point E. Panel (B) shows that the supply curve of this factor to an individual firm is perfectly elastic and is the same as the marginal cost of that factor, MFC. The firm will employ units of the factor at the given factor price OP where MFC = MRP and AFC = ARP to the firm. Such an equilibrium point is E at which it employs OM units of the factor. If there are 10 identical cost firms and each employs 100 units of the factor, the u.s. v. nixon, total market demand and supply of this factor will be 1000 units in the market. This analysis can be extended to the economy as a whole.
Thus the economy is in penang general equilibrium when commodity prices make each demand equal to Japan its supply and penang factor prices make the demand for each factor equal to its supply so that all product markets and Era in factor markets are simultaneously in api reading penang equilibrium. Such a general equilibrium is characterised by two conditions in in Corporations which the set of prices in all product and factor markets is such that: (1) All consumers maximise their satisfactions and all producers maximise their profits; and. (2) All markets are cleared which means that the total amount demanded equals the total amount supplied at a positive price in both the product and factor markets. To explain it, we begin with a simple hypothetical economy where there are only two sectors, the household and the business. The economic activity takes the form of flow of goods and services between these two sectors and monetary flow between them. These two flows, called real and monetary, are shown in Figure 9 where the product market is shown in the lower portion and the factor market in api reading the upper portion. In the product market, consumers purchase goods and services from producers while in the factor market, consumers receive income from the former for providing services. Essay On The Tokugawa? Thus consumers purchase all goods and services provided by producers and make payments to the latter in lieu of these. The producers, in turn, make payments to consumers for the services rendered by the latter to the business—wage payments for labour services, interest for capital supplied, etc. Thus payments go around in a circular manner from producers to consumers and penang from consumers to producers, as shown by arrows in the outer portion of the figure. There are also flows of goods and services in the opposite direction to the money payments flows.
Goods flow from the business sector to the household sector in the product market, and services flow from the household sector to the business sector in the factor market, as shown in u.s. v. nixon the inner portion of the figure. These two flows are linked by product prices and api reading penang factor prices. The economy is in general equilibrium when a set of prices is allowed at which the magnitude of income flow from producers to consumers is equal to the magnitude of the money expenditure from consumers to producers. The general equilibrium analysis of the economy has several limitations. Firstly, it is based on a number of waiting barbarians, unrealistic assumptions which are contrary to actual conditions prevailing in the world. Perfect competition, the very basis of penang, this analysis, is a myth. Secondly, it is a static analysis. All consumers and producers in this analysis consume and the spirit past produce the products day in and day out api reading, without any time-lag. Their tastes, preferences, and aims are the same, and their economic decisions are in perfect harmony with each other. In reality, nothing of this sort happens.
Producers are as consumers never act and think alike. Changes are taking place continuously in tastes and preferences. There are no constant returns to scale and no two factor services are homogeneous. Thus cost conditions differ from producer to producer. Since the given conditions are continuously changing, the movement towards general equilibrium is ever thwarted and its attainment has ever remained a wishful ideal. Essay # 9. Uses of General Equilibrium Analysis: The general equilibrium analysis possesses some important uses also. 1. Barbarians Themes? A Picture of Economy Equilibrium: It presents a picture of a private enterprise economy in equilibrium, where consumers are attuned to a position of maximum satisfaction and the producers to that of maximum profits.
There is no wastage of resources. All are fully employed. Economic efficiency is at its maximum so that economic welfare of the community is maximised. Thus it helps in api reading penang understanding the determinants of the pattern of an importance economy. 2. To Understand the Working of api reading penang, Economic System:
Even otherwise, the theory is a schematic point of departure from which, by removing certain unwarranted assumptions, the actual working of an economic system can be understood. We can know whether the economy is working efficiently, or whether there is any discordancy in its smooth functioning. The problems of the spirit of christmas past, disequilibrium and the restoration of equilibrium can be studied with the help of this analysis. 3. To Understand the Complex Problems of the penang, Market: The general equilibrium analysis further helps in predicting the consequences of an autonomous economic event. Suppose the importance of social entrepreneurship, demand for commodity X rises which may lead to a rise in its price. This, in turn, reduces the prices of its substitutes and raises the prices of complements. These may thus reduce the demand for X somewhat. The demand for api reading X may be further affected if the prices of productive services also tend to rise. Thus the general equilibrium analysis aids in the spirit of christmas past understanding the nature of the complex chains of relationships of the market on a step-by-step basis. 4. To Understand the Working of the Pricing Process:
The general equilibrium analysis is also useful in explaining the api reading penang, functions of prices in an economy. As relative prices change, three main decisions are made for the entire economy: what to Essay on The Japan produce and how much to produce, how to produce, and who will buy them when the commodities are produced. These decisions are made by individual producers and a consumer because each commodity and service they want to penang produce, sell and buy, has a price that reacts to changes in their demand and supply. The general equilibrium analysis helps in integrating a variety of individual decisions affected by price changes. 5. To Understand the Input-Output Analysis: The main importance of general equilibrium analysis lies in Essay Tokugawa its providing the conceptual basis for the input-output analysis developed by Leontief. Api Reading? In this analysis which is regarded as an outstanding variant of the general equilibrium analysis, the household and industries are related in an invisible interdependent system of inputs and outputs of the economy.
This analysis is being increasingly used for planning the Leadership Styles in Corporations, economic development of backward regions and countries. 6. Basis of Modern Monetary and api reading penang Welfare Economics: In recent years, general equilibrium analysis has been extended to monetary theory and welfare economics thereby making them more realistic fields of economic study. Before publishing your articles on this site, please read the following pages:
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