Economics in Business Regulation in Natural Monopoly Market

Question: Discuss about the Economics in Business for Regulation in Natural Monopoly Market. Answer: Introduction The focus of the essay is the discussion on natural monopoly. The market structure of natural monopoly is analysed to get an insight about the necessity of regulation of this market. A natural monopolist has the potential to supply product or service to the entire market at a lower cost than multiple firm can do (Bos, 2015). The difference between a monopolist and a natural monopolist is that they monopolist operates at the rising segment of the marginal cost curve as MC curve is the supply curve of the firm. On the other hand, a natural monopolist can operate at the falling region of average cost curve. Entry is automatically restricted in natural monopoly market due to its nature. The possible barriers that can restrict entry of new firm in the market are high start up cost, high sunk cost and many other reasons. A monopolist is a price setter rather than price taker. Natural monopoly may be weak or strong. In the market, where natural monopoly is strong, chances of entry is less and probability of new entry is high when natural monopoly is weak (Baldwin, Cave, Lodge, 2012). Monopolist tries to exploit market by charging higher price. Therefore, in order to correct market inefficiency, government regulations are required. The necessity of regulation in natural monopoly is thus discussed in this essay. Natural monopolist operates at the falling region of average cost curve, where the firm gets throughout economies of scale. Hence, the firm is able to produce a higher output at a lower price. However, this result does not happen in an unregulated market (Makholm, 2015). A monopolist charges a price higher than competitive price. In a monopoly market, there is absence of close substitute product or service. Hence, charging higher price excludes some customers from consume the product (Hovenkamp, 2015). Therefore, monopolists reach at the equilibrium level, by producing and supplying output less than socially desirable level. However, the market structure is such that entry is not attractive or new entrants are incapable to survive. The above figure shows that natural monopolist produces output at the intersection point of marginal revenue and marginal cost curve. The firm operates at the falling portion of the marginal cost curve. In an unregulated monopoly market, the firm charges price much higher than its marginal cost exercising its monopoly power (Joskow Wolfram, 2012). Benefits of natural monopolist As the firm is single producer in the market, it can provide entire output at a lower cost than multiple firms could do. Due to lower operating cost, the firm gets economies of scale in production process. Economies of scale are obtained by firms, when inputs exhibit increasing returns to scale (Hillman Braeutigam, 2012).It means that, the firm is able to produce a large output with using a smaller unit of inputs. Therefore, variable cost becomes lower although the production. As stated by Nepal, Menezes Jamasb (2014), natural monopoly may be strong or weak. A strong natural monopolist has decreasing average cost, whereas a weak monopolist has increasing average cost. A weak monopolist finds itself in a position that it cannot be able to restrict the entry of new firm in the presence of supernormal profit (Vikharev, 2013). Therefore, this kind of natural monopoly is unsustainable in long run. Price regulation is desirable for the sustainability of weak monopoly in the market. A strong monopolist can operate at the point, where the average cost curve still declines to cut the average revenue. Therefore, it naturally restricts the entry of new firm in the market, as it becomes difficult for a new firm to compete with a cost efficient firm with high initial cost structure (Minamihashi, 2012). Costs in unregulated natural monopoly market In an unregulated monopoly market, the firm charges price much higher than its marginal cost exercising its monopoly power. The price is set as per average revenue. This price output decision reduces social welfare. The price charged in an unregulated monopoly is higher than competitive price and output is less than the competitive output (Carvalho Marques, 2014). Hence, the government decides to regulate the market in order to bring efficiency in production and resource allocation and to maximise consumer welfare. Deadweight loss is created in the unregulated market due to charging higher price. A portion of consumer surplus is lost, which even cannot be appropriated by the monopolist (Minamihashi, 2012). Triangle AED in the figure is deadweight loss in an unregulated monopoly. Need for price regulation by government As shown in the figure, market failure occurs in the natural monopoly due to inefficient allocation of goods and services in the economy. A higher level of output can be produced by the firm, which can make consumer better off. Therefore, government has two options to regulate the market. One is average cost pricing and other is marginal cost pricing (Vikharev, 2013). Marginal cost pricing is done by setting price level at the intersection point of average revenue and long run marginal cost. This output is even greater than competitive output. Price is also lower than competitive price. This is the output that maximises consumer welfare. However, this price is optimal for the monopolist. At this level, price is lower than the long run average cost. As P LRAC firm makes loss in the long run. Therefore, it is unprofitable for the firm to operate in long run. The firm would be compelled to shut down plant (Hillman Braeutigam, 2012). In this situation government needs to provide subsid y to keep the firm in operation. Marginal cost pricing is costly for the natural monopolist. Another option for the government is average cost pricing. Price is set at the intersection of long run average cost and average revenue. AR = AC implies TR = TC, which indicates that firm earns only normal profit by operating at this level. The output at this level is greater than unregulated output Qm and price is less than unregulated price Pm. Although, the firm is not getting supernormal profit, it is not making loss even. Therefore, both consumer and producer welfare can be maximised at this level. Hence, among the three situation, average cost pricing is socially optimal as it maximises both production and allocation efficiency(Baldwin, Cave, Lodge, 2012). Examples of natural monopoly Example of natural monopoly is seen in the economy in the market of public utility such as railways, electricity, water supply, telecommunication and others. Government allows natural monopoly but intervene to protect consumer interest. A single utility company can supply power lines, electricity in the cities, as the operation requires high fixed cost (Makholm, 2015). The nature of demand is such that cities do not allow multiple companies to operate. Joskow Wolfram (2012) stated that natural monopoly exists where there are large fixed cost and low marginal cost. Marginal cost pricing is undesirable due to having negative externality. Natural monopoly creates market failure in the presence of imperfect market information and inefficient resource allocation. Hovenkamp (2015) argued that market failure is likely to occur in the network industry. These types of industries are capital intensive and require huge investment at the start up level. Sunk cost is also high in this industry. Most of assets used in this sector is durable and hence creates high barrier to entry. Railways in UK are an example of natural monopoly, where government regulates the market through price discrimination policy. Government regulates the railway fare for longer distance tickets so that the operators cannot increase fare above the price floor (Strether, 2014). On the other hand, the operators have freedom to charge higher price for unregulated types of tickets. Here, the concept of cross subsidy is applied by the government. Cross subsidisation refers that a firm charges price lower than operating cost to a group of customer and financed by charging high price to other group of customers. It happens in an industry that a supplier concentrates on an area where cost of supply is the lowest (Hillman Braeutigam, 2012). Low cost production generates profits to allow entry of new firms in the market. Therefore, there is possibility that competitors may enter into the market. Therefore, firm cannot sustain in the market without legislative protection by government. Peak load pricing is another option for natural monopolist to generate high profits. A firm can charge high price for a service or product, when demand is high and charges lower price when demand is low. This strategy enables the firm to use production capacity effectively. Carvalho Marques (2014) opined that technological up gradation in production leads to transformation of natural monopoly into competitive market. Technological development has made telecommunication industry more competitive in recent times. Technological improvements can decrease operating by bringing efficiency in production. Technology improves productivity of the inputs by ensuring increasing returns to scale (Vikharev, 2013). Therefore, firm can produce large output with minimum cost generating super normal profit as the marginal cost of production is falling. Existence of super normal profit in the market induces external firms to enter into the market. Therefore, external forces can break natural monopoly and produces socially inefficient output. Government intervention can correct the market failure in this situation (Carvalho Marques, 2014). Government can use price ceiling strategy to set the price at the level of average cost incurred by existing firm. The firm earn only normal profit at this level. Hence, there will be no incentive for other firms to enter into the market. The existing firm can freely operate in the market by producing socially optimal output same as competitive level without making loss. This king of regulation restricts competition and maximises social welfare as well. Conclusion The essay presents an extensive analysis on natural monopoly. It has been seen that monopolist generally maximises profit by producing output where marginal cost curve cuts the marginal revenue curve. However, price is set according to the average revenue and not by marginal revenue. The firm exploits consumer surplus in this way and a portion of consumer surplus results in deadweight loss, which is achieved neither by sellers nor by the consumers. This high price has a social cost as some customers are not able to buy the product due to high price and lack of substitute goods in the market. In order to correct the market failure, government may two decisions such as marginal cost pricing and average cost pricing. If the price is regulated to set at the level where, long run marginal cost equates with average revenue curve, firm makes loss as average cost is less than price and marginal cost. Therefore, only government subsidy can keep the firm in business, however, this is not the optimal solution. Therefore, another option is average cost pricing. Government regulates the market so that the firm can set price equal to the average cost and average revenue, where the firm can earn only normal profit. Competitive price and output, both are better in the regulated market compared to the unregulated one. Natural monopoly exists in the sector of public utilities such as electricity, railways, waterways, and telecommunication. Natural monopoly can be seen in both public and private sector. It has been studied that technological progress supports the existence of natural monopoly in the presence of government regulation. References Baldwin, R., Cave, M., Lodge, M. (2012). Understanding regulation: theory, strategy, and practice. Oxford University Press on Demand. Bos, D. (2015). Pricing and price regulation an economic theory for public enterprises and public utilities (Vol. (Vol. 34). ). Elsevier. Carvalho, P., Marques, R. C. (2014). Computing economies of vertical integration, economies of scope and economies of scale using partial frontier nonparametric methods. European Journal of Operational Research, 234(1), 292-307. Hillman, J. J., Braeutigam, R. (2012). Price level regulation for diversified public utilities (Vol. (Vol. 5)). Springer Science Business Media. Hovenkamp, H. ( 2015). Federal Antitrust Policy, The Law of Competition and Its Practice. West Academic. Joskow, P. L., Wolfram, C. D. ( 2012). Dynamic pricing of electricity. The American Economic Review, 102(3), 381-385. Makholm, J. D. (2015). Regulation of natural gas in the United States, Canada, and Europe: Prospects for a low carbon fuel. Review of Environmental Economics and Policy, reu017. Minamihashi, N. ( 2012). Natural monopoly and distorted competition: evidence from unbundling fiber-optic networks. Nepal, R., Menezes, F., Jamasb, T. (2014). Network regulation and regulatory institutional reform: Revisiting the case of Australia. Energy Policy, 73,, 259-268. Strether, L. (. (2014). UK Rail Shows Pitfalls of Natural Monopoly Privatization. Retrieved December 25, 2016, from www.nakedcapitalism.com: https://www.nakedcapitalism.com/2014/08/uk-rail-shows-pitfalls-natural-monopoly-privatization.html Vikharev, S. (2013). Mathematical modeling of development and reconciling cooperation programs between natural monopoly and regional authorities.

The Lake Isle By Ezra Pound Essay free essay sample

? The Lake Isle? By Ezra Pound Essay, Research Paper # 8220 ; The Lake Isle # 8221 ; Response Paper There comes a point in everybody # 8217 ; s life when a idea of a pickup from the lives we live crosses our head. For some it # 8217 ; s merely an image that pops up and rapidly disappears with its unrealistic subject and others can # 8217 ; t acquire it out of their head, brooding about it their whole life. Although, most people do believe of an flight, they don # 8217 ; t peculiarly know what they want. In his verse form # 8220 ; The Lake Isle # 8221 ; , Ezra Pound puts down on paper the simple things he longs for in life, uncovering us the image of the surroundings he wants to get away to. The verse form begins with Ezra Pound raising the Gods to give him a small baccy store, which so represents the topographic point if his desire. Just like an creative person, he is painting us a image of a perfect pickup from his day-to-day life, merely he is making it with words. We will write a custom essay sample on The Lake Isle By Ezra Pound Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He mentions that in this store he wants small boxes to be piled up neatly, which I think indicates to Pound # 8217 ; s hungering for order in life. He besides states that he wants these boxes to be bright, connoting that may be there isn # 8217 ; t much freshness in his support, and he is tired of life in a dull and spiritless society. Furthermore, the usage of the word # 8220 ; bright # 8221 ; twice puts a spot stronger accent on that peculiar issue in his life. In overall, Ezra Pound is non inquiring for baskets filled with gold, nor is he looking for luxury. He is non after an extraordinary life manner. He has a yearning for the simple and unworldly things. This could be inferred from the lines where he points out that he is non looking for fancy adult females to do serious conversations with. He merely wants the ladies of the eventide to drop by, to state hullo to and check a gag with. I find it important and besides really cagey that in his verse form Pound decided to include the Grecian Gods. Since in Greek mythology, Gods were known for demanding something in return, the stoping of this verse form seems to be a direct consequence of its beginning. As the writer rethinks it over, he realizes that it could be excessively much he is inquiring for. Nevertheless, he does non mind settling for less. The verb alteration from # 8220 ; Give # 8221 ; in line two to # 8220 ; Lend # 8221 ; in line 13 clearly states that he is ready to compromise and would make anything to populate his dream, even if it would merely be for a twenty-four hours. Deciding to travel easy on his petition Ezra Pound backs off, now imploring the Gods to impart him his want. Could the universe weighted to a great extent for Pound in order for him to desire to acquire off so severely? He must non hold been happy with what was traveling on in his life in general, and surely got tired of authorship . Making a small research on the clip and atmosphere Ezra Pound was populating in, I found that the rubric was a common subject for a getaway topographic point. A celebrated Irish poet William Butler Yeats, to whom Pound was a modern-day to had besides written a related verse form with a really similar rubric of # 8220 ; The Lake Isle of Innisfree # 8221 ; . Although the content of the verse form was non the same the significance behind it was indistinguishable. He was another 1 who defined the topographic point he could happen peace within.

How to Write a Sample Scholarship Essay - Important Things You Need to Know About This Craft

How to Write a Sample Scholarship Essay - Important Things You Need to Know About This CraftWriting a sample scholarship essay about why you deserve it is difficult. There are a lot of students who are currently applying for college scholarships. With the number of applicants, the staff of many organizations seems to have a hard time writing a well-crafted essay that will compel them to read the application and decide whether to even read it or not.A sample essay can help a student goes through the process of writing one about why he or she deserves one of the hundreds of college scholarships available. With the use of a sample essay, any student would be able to go through the entire process of what it takes to write a well-written essay in order to convince the individual who will decide on their funding.Since there are a lot of scholarships being offered by potential colleges, these organizations are likely going to be in a rush to get the applications out as soon as possible. The y may not have the time to sit down and think of the best way to approach the opportunity of giving one of these students a scholarship. For this reason, students should make sure that they're able to craft a well-written essay that will grab the attention of an administrator.Some people might be wondering how to write a sample scholarship essay in an article about how to write a sample essay. The secret to getting a good idea on how to write a high-quality essay is to read a lot of sample essays in order to get a feel of what it takes to get through a lengthy essay. Then the student should be able to choose the best essay topic and write the essay.Using a sample scholarship essay as a guide is a great way to determine the best essay topic to use when writing a particular essay. When you already know which essay topic will be the most effective, you can then proceed to write the best essay possible. With the guidance of a sample essay, a student can apply for several different schol arships at the same time without having to worry about plagiarism concerns.Another reason as to why writing a sample scholarship essay is a very effective tool in getting grants for college students is because of the fact that these grants are sometimes called for free. Any student who receives a scholarship that is offered for free will have to find a way to pay for the award in some other way. However, if a student already has a scholarship and then decides to pursue it for free, they may want to think about writing a sample essay about why they deserve it.In order to be considered for one of the scholarships offered for free by a grant, the student should be able to make an excellent use of the resource in order to help increase the chances of getting that scholarship. These scholarships are an excellent way for a student to be able to get a lot of money for college if they do not have it in the bank.Writing a sample scholarship essay is a great way to ensure that a student is ab le to get a grant for free. It is also a way for a student to make sure that they're applying for the most scholarships possible for college. The two main objectives are often achieved with the use of a sample essay.

Loving In Truth Creating A Society Of free essay sample

Loving In Truth: Making A Society Of Populating In Harmony In The twenty-first Century Essay, Research Paper Loving in Truth: Making a Society of Populating in Harmony in the twenty-first Century In the class of one # 8217 ; s being, one is invariably endeavoring to accomplish the pinnacle of their abilities, a certain excellence within themselves, and a balance between themselves and their society. Unfortunately, as we near the terminal of the millenium, society is neglecting to supply us with the appropriate agencies in order to recognize that end. So as we prepare for the following century, we must acknowledge that there are many jobs that we must relieve before this universe can go a better topographic point. It may good be that the state can non last # 8211 ; as a nice topographic point to populate, as a first power or even as a democracy # 8211 ; with such high rates of kids turning into maturity unprepared to parent, unprepared to be fruitfully employed and unprepared to portion in the mainstream aspirations. We will write a custom essay sample on Loving In Truth Creating A Society Of or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Assorted plans are jumping up to assist kids. However, like the public assistance plan, for the most portion these plans are aimed at relieving symptoms instead than rectifying the cause of the jobs. More prisons, more police officers, gun control, the FBI, and V-chips to barricade violent plans on Television will neer halt offense and force. When we devote clip, money and attempt toward jobs and symptoms # 8212 ; without rectifying the cause # 8212 ; the jobs and symptoms grow and spread like crawling crab grass. But as an person, what can one make? The reply is simple. All one has to make is love. Love is the s olution to all of the societal jobs in our society. Adequate love will extinguish immoralities, offense, force, mental agony, the agony of guiltless kids, dysfunctional households, the break-up of households, restlessness, discontent, unhappiness # 8211 ; all that is ugly, distressing, and destructive. But before one can love others, one must larn to love himself. One can non love himself until he frees himself from fright and false beliefs. One is non free until he discovers that is truth that sets us free from those frights and false beliefs. And it is that truth that has the power to render our households loving, happy, harmonious, functional and stable. Truth has the power to kill all societal jobs? offense, force, spousal maltreatment, kid maltreatment, drug maltreatment, etc. Love and truth are intertwined. We can non populate in harmoniousness with truth without being loving, and we can non love unconditionally without being in understanding with truth. To detect truth, one needs non larn anything new. One needs merely to unlearn obscure, fearful false beliefs. Truth remains when one frees himself from frights and false beliefs. To set it another manner, when we rid ourselves of false beliefs, what we believe is true. When adequate people learn how and where to detect truth, in due clip, love, joy, peace and harmoniousness will reign on this planet. Crime, force, mental agony, the break-up of households, kid maltreatment, spousal maltreatment, drug maltreatment # 8211 ; all that is ugly and distressing # 8212 ; will discontinue, and this planet will be the utopia it was ever meant to be.

WordPress vs Ghost vs Medium - Which Is Best for Blogging

WordPress vs Ghost vs Medium? There are numerous blogging tools out there, of which WordPress, Ghost and Medium are the most popular ones. Anyone looking to start a new blog can be spoiled for choice here: which one is the better option, after all?Simply put, all three of these options WordPress, Ghost, and Medium have pros and cons of their own. Neither of them is perfect, but each can serve a definite purpose, and depending on the nature of the goal that your blog has, you can pick the one that is ideal for you.So, which one should you go for? This article shall answer the question. First up, let us look at each platform in detail: 1. WordPressFor anyone who is even remotely active on the internet, WordPress needs no introduction. Its the most popular website building platform and content management system out there, with nearly a quarter of websites and blogs relying on WordPress. Plus, WordPress can be used to power a lot more than just blogs: eCommerce stores, corporate sites, photography sites, news portals, and so on.WordPress is available in two flavors:self-hosted and totally free WordPress.org,or hosted by WordPress.com, either as a free site with WordPress.com ads or as a paid site without adsWondering what is the difference between .com and .org here? In the simplest of terms, WordPress.org is what you will download and install on your own server you can customize it with custom themes and plugins, as well as tweak it to suit your needs. WordPress.com, on the other hand, is what you run from .com servers directly you can still change themes, but the options are severely limited, and there are no custom plugins to be installed. To learn more, check out this post on the CodeinWP blog.WordPress is well-known for its simplicity and ease of use. If there is one platform from our WordPress vs Ghost vs Medium lineup that is guaranteed not to close its doors anytime in the near future, it is WordPress. Chances are, you cannot really go wrong with WordPr ess if you decide to start a blog using it. It does, however, boil down to what you intend to achieve ultimately using WordPress.com for example, will offer you a ready-made community of users who might wish to follow your blog. However, special elements such as SEO metadata and custom content types can only be had in WordPress.orgNote that WordPress is not truly free in terms of money if you opt for the self-hosted version, the software will forever remain free, but you will have to pay in terms of web hosting. On the other hand, the hosted WordPress.com version is free for basic usage lots of storage and features, but if you need a custom domain or anything fancier, you will have to opt for the paid plans.2. GhostGhost is a straightforward and simple platform that relies on a crisp and minimal user interface. Unlike WordPress, Ghost does not power a wide array of websites; instead, it is purely a blogging platform, and it is meant to be used only for blogs.Ghost uses Markdown r ather than visual WYSIWYG editing, but you can change that by means of extensions. Much like WordPress, Ghost comes in two variants:self-hosted version that is free to download and use,and hosted version on Ghosts own servers.However, unlike WordPress.com, Ghost does not offer a free hosted plan (there is a 14-day trial though); and furthermore, you are not limited in the hosted version in any manner. You can upload your own themes and content by means of FTP, no matter which variant of Ghost you are using.Ghost offers SEO settings and social sharing features in the core itself, so you do not need external plugins for that purpose. That said, Ghosts USP is minimalism, and that minimalism is visible not just in design but also in functioning: you can create and edit posts, and thats pretty much it. Need gigantic multi-author blogs, magazines, portfolio sites? Ghost is not your winner of the WordPress vs Ghost vs Medium battle.3. MediumMedium, the third entry in this post, is less of a personalized blogging platform and more of a community-centric writing tool. In other words, writing on Medium is comparable to having your article in the college magazine or the notice-board, rather than in a journal or diary of your own.Medium defines itself as a community of readers and writers offering unique perspectives on ideas large and small. Thats exactly what it is a platform meant for longform writing and expressing your views on various subjects. Medium is primarily used by serious writers, focusing on highly niche-centric topics. For instance, if you are looking for a post about the evolution of society and civilization, Medium will offer you articles that will have more of Anthropology and less of History; in other words, Medium is mostly defined by the high quality and niche-centric content that is published on its site.Medium is purely a hosted platform, so you cannot download anything, run it on your own servers, or use a custom domain. There are no storage limi ts in place, and the best part is that everything else is free as of now sub-domains, SSL, everything else. Medium also pays contributors directly through their paid membership program. The amount you earn is based on how often people clap for your content, providing extra incentive to publish your best work here.The verdictSo, which one wins this WordPress vs Ghost vs Medium battle?Well, the answer is not direct or straightforward. However, if you are looking for a no-nonsense blogging tool that lets you publish posts, format them, and have a basic setup of social sharing as well as SEO, Ghost is probably the best pick for you. It works straight out of the box, requires no configuration, and is easy to master.On the downside, you should know that Ghost is coded in Node.js and that is not yet commonly supported by many shared web hosting providers. You can, always, go with Ghosts hosted solution, but the cheapest plan is priced at $29 per month and capped at maximum 100,000 page vi ews in a month. This pricing model might not be affordable for many folks who might be wanting to start a hobby blog.WordPress, on the other hand, is universally supported. You can run it on $250 / month cloud servers (or tailor-made managed hosting), as well as on $2.5 / month shared web hosting its your decision where you move your blog. You can also go with WordPress.com free or paid plans. WordPress is more bloated as compared to Ghost, but you can learn the ropes with minor efforts.Also, if you have even a remote intention of someday adding something non-blog like to your blog, say a shop or a forum, WordPress should be your first and only choice.Lastly, Medium is a viable option if you want people to explore and read your work, and leave feedback. Your articles on Medium are mostly put in front of the Medium community itself, and vice versa. But there is no personal insulation in the community model of Medium. Your publications will have links to others articles at the end of the page, and so on.However, if you are on a very stiff budget, Medium can be a life-saver for you. You can map your own domain, tweak the page layout, and host your content for zero fees whatsoever. #WordPress vs #Ghost vs #Medium - which is best for #blogging? Click To Tweet Which of these tools do you use to blog? WordPress, Ghost or Medium? Share your views in the comments below!Free guide5 Essential Tips to Speed Up Your WordPress SiteReduce your loading time by even 50-80% just by following simple tips.

Free Essays on Mexico As A Developing Nation

Mexico as a Developing Nation â€Å"The realignment of world politics after the Second World War did not occur exclusively along East-West lines†¦At the same time, the emancipation of the formerly colonized peoples of Africa, Asia, the Middle East, South and Central America, the Caribbean, and the South Pacific began to foretell the second major conflict of contemporary international relations: the North-South confrontation† (Jones, pp148). Although the unifying theme among the Developing Nations is the struggle for development, there are broad differences among the more than 120 members. In this essay I would like to focus on Mexico. I will discuss three of the most significant factors concerning Mexico, economics, political aspects, and I will close with Mexico’s view on the War against Iraq, involving the U.S. and Britain. Economics in terms of Mexico can be explained through two theories, Conventional Theory, and Rational Theory. The Conventional Theory essentially states that the cause of unindustrialized nations is internal inefficiency and the best way to correct that problem is through outside help from developed countries. Some causes that contribute to the economic problem relating to the conventional theory are population and corruption. The Population of Mexico has a population density of 50 people per square mile with a total population of 100,365,000 with about 45% of the population considered unable to produce do to age, either too young or too old. This acts as a drain on the Economic growth, in that the younger populations consume but do not contribute as with the older population. Of this population 73% live in urban areas. This acts as a drain on the economy as well. Any economic growth must now be spent on Public Assistance such as Housing, health care; education, water, sanitation and waste removal, which all require sophisticated planning, capital accumulation and lead time. Corruption ha... Free Essays on Mexico As A Developing Nation Free Essays on Mexico As A Developing Nation Mexico as a Developing Nation â€Å"The realignment of world politics after the Second World War did not occur exclusively along East-West lines†¦At the same time, the emancipation of the formerly colonized peoples of Africa, Asia, the Middle East, South and Central America, the Caribbean, and the South Pacific began to foretell the second major conflict of contemporary international relations: the North-South confrontation† (Jones, pp148). Although the unifying theme among the Developing Nations is the struggle for development, there are broad differences among the more than 120 members. In this essay I would like to focus on Mexico. I will discuss three of the most significant factors concerning Mexico, economics, political aspects, and I will close with Mexico’s view on the War against Iraq, involving the U.S. and Britain. Economics in terms of Mexico can be explained through two theories, Conventional Theory, and Rational Theory. The Conventional Theory essentially states that the cause of unindustrialized nations is internal inefficiency and the best way to correct that problem is through outside help from developed countries. Some causes that contribute to the economic problem relating to the conventional theory are population and corruption. The Population of Mexico has a population density of 50 people per square mile with a total population of 100,365,000 with about 45% of the population considered unable to produce do to age, either too young or too old. This acts as a drain on the Economic growth, in that the younger populations consume but do not contribute as with the older population. Of this population 73% live in urban areas. This acts as a drain on the economy as well. Any economic growth must now be spent on Public Assistance such as Housing, health care; education, water, sanitation and waste removal, which all require sophisticated planning, capital accumulation and lead time. Corruption ha...

Free Essays on Reasonable Doubt

â€Å"GOT A PROBLEM DOWN HERE.† That is what headquarters heard on November 7th, 1983 as the Bloomington, Illinois police officers began arriving on the scene of 313 Carl Drive, the home of David Hendricks, his wife Susan, and their three children Rebekah, Grace and Benjamin. The home turns out to be a horrific crime scene where the entire family is brutally murdered except for David Hendricks who was away on a business trip or was he? Medical facts played a huge role in the trial. A psychologist was hired to help chose the jury. One of the largest issues raised was on the emptying of gastric contents after a meal and what factors might affect it such as: pyloric stenosis, osmolarity, exercise, whether the food was bolted like children sometimes do, migraines, fainting and brain tumors. Forensic pathologist testified on such issues as: rigor mortis, livor mortis, chemical changes in the eyes, and when digestion stops after death. Autopsy’s details were discussed including descriptions of lacerations, skull injuries, blood loss, brain hemorrhage and vertebrae injuries. I would not have wanted to be a jury member for this trial, after reading the entire book I can’t even begin to decide what happened that terrible night. He was believed by his neighbors to be an outstanding member of the community, extremely religious, and a devoted husband and father. He also had another side that showed some sexual perversions and some illegal business deals. David Hendricks, the defendant on trial is eventually convicted of this crime but even the judge goes on record to say, â€Å"he was not convinced in his heart beyond a reasonable doubt of the defendant’s guilt†.... Free Essays on Reasonable Doubt Free Essays on Reasonable Doubt â€Å"GOT A PROBLEM DOWN HERE.† That is what headquarters heard on November 7th, 1983 as the Bloomington, Illinois police officers began arriving on the scene of 313 Carl Drive, the home of David Hendricks, his wife Susan, and their three children Rebekah, Grace and Benjamin. The home turns out to be a horrific crime scene where the entire family is brutally murdered except for David Hendricks who was away on a business trip or was he? Medical facts played a huge role in the trial. A psychologist was hired to help chose the jury. One of the largest issues raised was on the emptying of gastric contents after a meal and what factors might affect it such as: pyloric stenosis, osmolarity, exercise, whether the food was bolted like children sometimes do, migraines, fainting and brain tumors. Forensic pathologist testified on such issues as: rigor mortis, livor mortis, chemical changes in the eyes, and when digestion stops after death. Autopsy’s details were discussed including descriptions of lacerations, skull injuries, blood loss, brain hemorrhage and vertebrae injuries. I would not have wanted to be a jury member for this trial, after reading the entire book I can’t even begin to decide what happened that terrible night. He was believed by his neighbors to be an outstanding member of the community, extremely religious, and a devoted husband and father. He also had another side that showed some sexual perversions and some illegal business deals. David Hendricks, the defendant on trial is eventually convicted of this crime but even the judge goes on record to say, â€Å"he was not convinced in his heart beyond a reasonable doubt of the defendant’s guilt†....