Fundamentals of Job Satisfaction Essay Example | Topics and Well Written Essays - 5000 words

Fundamentals of Job Satisfaction - Essay Example In contrast, top-down theory lays emphasizes on global propensity1. In other words, all individuals have a desire to be happy and this attitude will be the major influence on their lives. Thus, feelings about job satisfaction are generated any one of the two ways: from the bottom up by adding positive effects and subtracting negative ones, or from the top down by the diffusion of one's desire to be happy (Diener & Eunkook, 1999: p.276). III. Methodology. Survey design was utilized for gathering data, for sample purposes the researcher used randomised probability sampling and a sample of 20 employees from different age, gender, nationality, occupation and place of work were chosen for the survey as follows:1. Age: - Between 25 >= 35 - Between 36 >= 45 - Between 46>= 70 2. Gender: - Men - Women 3. Nationality: - Kuwaiti - Arab - Non Arab 4. Occupation and place of work: - Owners of a real state company - Company employers - Managers in a real state company - House workers Each was then required to rank several questions as shown below: Rank from 1-5 your job satisfaction (1=Very dissatisfied, 5=Very satisfied) Gender: Age: Nationality: Occupation and place of work: 1 - Participate in decision making. 2 - Relationship with coworker. 3 - Feel you are respected. 4 - Have a highly routine job. 5 - The job gives you no stress. 6 - The manger appreciates the job you do. 7 - Satisfied with your pay. 8 - Satisfied with raises. 9 - Good training opportunities. 10- Feeling of security in the job. IV. Results Discussion and Analysis Age Gender Nationality It was found that, decision making for Kuwaitis people was very high, their participation in...Participants in the survey were randomly in consideration of the following factors: There are two common social theories of job satisfaction: the "bottom-up theory" and the "top-down" theory. The bottom-up theory basically states that, individuals have needs whose fulfilment brings about happiness. This theory uses the sum of positive and negative effects to define happiness. If the positive effects are greater than the negative effects, individuals will judge their life as happy. In contrast, top-down theory lays emphasizes on global propensity1. In other words, all individuals have a desire to be happy and this attitude will be the major influence on their lives. Thus, feelings about job satisfaction are generated any one of the two ways: from the bottom up by adding positive effects and subtracting negative ones, or from the top down by the diffusion of one's desire to be happy (Diener & Eunkook, 1999: p.276). Survey design was utilized for gathering data, for sample purposes the researcher used randomised probability sampling and a sample of 20 employees from different age, gender, nationality, occupation and place of work were chosen for the survey as follows: It was found that, decision making for Kuwaitis people was very high, their participation in decision making was

Social media has shown to be more about sociology and psychology than Personal Statement

Social media has shown to be more about sociology and psychology than technology - Personal Statement Example In social media, human beings tend to influence one another; this largely constitutes aspects of sociology and psychology. For instance, Twitter and Facebook are examples of social media, which employ sociological and psychological aspects. People engage in chats and following each other on twitter since everyone wants at par with others. This influence one each other’s behavior can be regarded as more sociological and psychological than technological (Al-Deen and Hendricks 30-50). Interactions have made use of social media a viable option as compared to the use of technology itself. The relationships that people get in through social media influence their behavior patterns than the technology they rely on to get in such relationships. Both sociology and psychology play an essential role in social media than technology. They provide the means through which technology will be conveyed across all divides. Although technology can undergo changes to take various forms, the psychological and sociological aspects constitute social media. Many aspects of social media are more sociological and psychological than technological; this is because social media entails the harnessing of technology through social interactions between people. Thus, it can be concluded the use of sociological and psychological aspects of interactions and behavior outweighs the technological aspects of social media (Al-Deen and Hendricks

What Is The Main Purpose Of A Satellite Media Essay

What Is The Main Purpose Of A Satellite Media Essay A satellite is basically any object that revolves around a planet in a circular or elliptical path. The moon is Earths original, natural satellite, and there are many manmade (artificial) satellites, usually closer to Earth. The path a satellite follows is an orbit. In the orbit, the farthest point from Earth is the apogee, and the nearest point is the perigee. Artificial satellites generally are not mass-produced. Most satellites are custom built to perform their intended functions. Exceptions include the GPS satellites (with over 20 copies in orbit) and the Iridium satellites (with over 60 copies in orbit). Approximately 23,000 items of space junk objects large enough to track with radar that were inadvertently placed in orbit or have outlived their usefulness are floating above Earth. The actual number varies depending on which agency is counting. Payloads that go into the wrong orbit, satellites with run-down batteries and leftover rocket boosters all contribute to the count. This online catalog of satellites has almost 26,000 entries! Although anything that is in orbit around Earth is technically a satellite, the term satellite is typically used to describe a useful object placed in orbit purposely to perform some specific mission or task. In other words, satellite also refers to an artificial satellite also which is a man-made object that orbits the Earth or another body. Scientists may also use the term to refer to natural satellite. Natural Satellite Moon, the common noun, is used to mean any natural satellite. There are at least 140 moons within the solar system and in fact many others orbiting the planets of other stars. There is a standard model of moon formation from the same collapsing region of protoplanetary disk. This give rise to primary. There are also exceptions or variations in this regard. Several moons are thought to be captured asteroids; others may be fragments of larger moons collapsed by impacts, a portion of the planet itself blasted into orbit by a large impact. As most moons are known only through a few observations via investigations or telescopes, most theories about their origins are still uncertain. Artificial Satellites An artificial satellite is a manufactured object that continuously orbits Earth or some other body in space. Most artificial satellites orbit Earth. People use them to study the universe, help forecast the weather, transfer telephone calls over the oceans, assist in the navigation of ships and aircraft, monitor crops and other resources, and support military activities. Artificial satellites also have orbited the moon, the sun, asteroids, and the planets Venus, Mars, and Jupiter. Such satellites mainly gather information about the bodies they orbit. Piloted spacecraft in orbit, such as space capsules, space shuttle orbiters, and space stations, are also considered artificial satellites. So, too, are orbiting pieces of space junk, such as burned-out rocket boosters and empty fuel tanks that have not fallen to Earth. Artificial satellites differ from natural satellites, natural objects that orbit a planet. Earths moon is a natural satellite. The Soviet Union launched the first artificial satellite, Sputnik 1, in 1957. Since then, the United States and about 40 other countries have developed, launched, and operated satellites. Today, about 3,000 useful satellites and 6,000 pieces of space junk are orbiting Earth. Satellite orbits Satellite orbits have a variety of shapes. Some are circular, while others are highly elliptical (egg-shaped). Orbits also vary in altitude. Some circular orbits, for example, are just above the atmosphere at an altitude of about 155 miles (250 kilometers), while others are more than 20,000 miles (32,200 kilometers) above Earth. The greater the altitude, the longer the orbital period the time it takes a satellite to complete one orbit. A satellite remains in orbit because of a balance between the satellites velocity (speed at which it would travel in a straight line) and the gravitational force between the satellite and Earth. Were it not for the pull of gravity, a satellites velocity would send it flying away from Earth in a straight line. But were it not for velocity, gravity would pull a satellite back to Earth. To help understand the balance between gravity and velocity, consider what happens when a small weight is attached to a string and swung in a circle. If the string were to break, the weight would fly off in a straight line. However, the string acts like gravity, keeping the weight in its orbit. The weight and string can also show the relationship between a satellites altitude and its orbital period. A long string is like a high altitude. The weight takes a relatively long time to complete one circle. A short string is like a low altitude. The weight has a relatively short orbital period. Many types of orbits exist, but most artificial satellites orbiting Earth travel in one of four types: (1) high altitude, geosynchronous; (2) medium altitude, (3) sun-synchronous, polar; and (4) low altitude. Most orbits of these four types are circular. A high altitude, geosynchronous orbit lies above the equator at an altitude of about 22,300 miles (35,900 kilometers). A satellite in this orbit travels around Earths axis in exactly the same time, and in the same direction, as Earth rotates about its axis. Thus, as seen from Earth, the satellite always appears at the same place in the sky overhead. To boost a satellite into this orbit requires a large, powerful launch vehicle. A medium altitude orbit has an altitude of about 12,400 miles (20,000 kilometers) and an orbital period of 12 hours. The orbit is outside Earths atmosphere and is thus very stable. Radio signals sent from a satellite at medium altitude can be received over a large area of Earths surface. The stability and wide coverage of the orbit make it ideal for navigation satellites. A sun-synchronous, polar orbit has a fairly low altitude and passes almost directly over the North and South poles. A slow drift of the orbits position is coordinated with Earths movement around the sun in such a way that the satellite always crosses the equator at the same local time on Earth. Because the satellite flies over all latitudes, its instruments can gather information on almost the entire surface of Earth. One example of this type of orbit is that of the TERRA Earth Observing Systems NOAA-H satellite. This satellite studies how natural cycles and human activities affect Earths climate. The altitude of its orbit is 438 miles (705 kilometers), and the orbital period is 99 minutes. When the satellite crosses the equator, the local time is always either 10:30 a.m. or 10:30 p.m. A low altitude orbit is just above Earths atmosphere, where there is almost no air to cause drag on the spacecraft and reduce its speed. Less energy is required to launch a satellite into this type of orbit than into any other orbit. Satellites that point toward deep space and provide scientific information generally operate in this type of orbit. The Hubble Space Telescope, for example, operates at an altitude of about 380 miles (610 kilometers), with an orbital period of 97 minutes. Types of artificial satellites Artificial satellites are classified according to their mission. There are six main types of artificial satellites: (1) scientific research, (2) weather, (3) communications, (4) navigation, (5) Earth observing, and (6) military. Scientific research satellites gather data for scientific analysis. These satellites are usually designed to perform one of three kinds of missions. (1) Some gather information about the composition and effects of the space near Earth. They may be placed in any of various orbits, depending on the type of measurements they are to make. (2) Other satellites record changes in Earth and its atmosphere. Many of them travel in sun-synchronous, polar orbits. (3) Still others observe planets, stars, and other distant objects. Most of these satellites operate in low altitude orbits. Scientific research satellites also orbit other planets, the moon, and the sun. Weather Satellites Weather satellites help scientists study weather patterns and forecast the weather. Weather satellites observe the atmospheric conditions over large areas. Some weather satellites travel in a sun-synchronous, polar orbit, from which they make close, detailed observations of weather over the entire Earth. Their instruments measure cloud cover, temperature, air pressure, precipitation, and the chemical composition of the atmosphere. Because these satellites always observe Earth at the same local time of day, scientists can easily compare weather data collected under constant sunlight conditions. The network of weather satellites in these orbits also functions as a search and rescue system. They are equipped to detect distress signals from all commercial, and many private, planes and ships. Other weather satellites are placed in high altitude, geosynchronous orbits. From these orbits, they can always observe weather activity over nearly half the surface of Earth at the same time. These satellites photograph changing cloud formations. They also produce infrared images, which show the amount of heat coming from Earth and the clouds. Communication Satellites Communications satellites serve as relay stations, receiving radio signals from one location and transmitting them to another. A communications satellite can relay several television programs or many thousands of telephone calls at once. Communications satellites are usually put in a high altitude, geosynchronous orbit over a ground station. A ground station has a large dish antenna for transmitting and receiving radio signals. Sometimes, a group of low orbit communications satellites arranged in a network, called a constellation, work together by relaying information to each other and to users on the ground. Countries and commercial organizations, such as television broadcasters and telephone companies, use these satellites continuously. Navigation Satellites Navigation satellites enable operators of aircraft, ships, and land vehicles anywhere on Earth to determine their locations with great accuracy. Hikers and other people on foot can also use the satellites for this purpose. The satellites send out radio signals that are picked up by a computerized receiver carried on a vehicle or held in the hand. Navigation satellites operate in networks, and signals from a network can reach receivers anywhere on Earth. The receiver calculates its distance from at least three satellites whose signals it has received. It uses this information to determine its location. Earth Observing Satellites Earth observing satellites are used to map and monitor our planets resources and ever-changing chemical life cycles. They follow sun-synchronous, polar orbits. Under constant, consistent illumination from the sun, they take pictures in different colors of visible light and non-visible radiation. Computers on Earth combine and analyze the pictures. Scientists use Earth observing satellites to locate mineral deposits, to determine the location and size of freshwater supplies, to identify sources of pollution and study its effects, and to detect the spread of disease in crops and forests. Military Satellites Military satellites include weather, communications, navigation, and Earth observing satellites used for military purposes. Some military satellites often called spy satellites can detect the launch of missiles, the course of ships at sea, and the movement of military equipment on the ground. The life and death of a satellite Building a satellite Every satellite carries special instruments that enable it to perform its mission. For example, a satellite that studies the universe has a telescope. A satellite that helps forecast the weather carries cameras to track the movement of clouds. In addition to such mission-specific instruments, all satellites have basic subsystems; groups of devices that help the instruments work together and keep the satellite operating. For example, a power subsystem generates, stores, and distributes a satellites electric power. This subsystem may include panels of solar cells that gather energy from the sun. Command and data handling subsystems consist of computers that gather and process data from the instruments and execute commands from Earth. A satellites instruments and subsystems are designed, built, and tested individually. Workers install them on the satellite one at a time until the satellite is complete. Then the satellite is tested under conditions like those that the satellite will encounter during launch and while in space. If the satellite passes all tests, it is ready to be launched. Launching the satellite Space shuttles carry some satellites into space, but most satellites are launched by rockets that fall into the ocean after their fuel is spent. Many satellites require minor adjustments of their orbit before they begin to perform their function. Built-in rockets called thrusters make these adjustments. Once a satellite is placed into a stable orbit, it can remain there for a long time without further adjustment. Performing the mission Most satellites operate are directed from a control center on Earth. Computers and human operators at the control center monitor the satellites position, send instructions to its computers, and retrieve information that the satellite has gathered. The control center communicates with the satellite by radio. Ground stations within the satellites range send and receive the radio signals. A satellite does not usually receive constant direction from its control center. It is like an orbiting robot. It controls its solar panels to keep them pointed toward the sun and keeps its antennas ready to receive commands. Its instruments automatically collect information. Satellites in a high altitude, geosynchronous orbit are always in contact with Earth. Ground stations can contact satellites in low orbits as often as 12 times a day. During each contact, the satellite transmits information and receives instructions. Each contact must be completed during the time the satellite passes overhead about 10 minutes. If some part of a satellite breaks down, but the satellite remains capable of doing useful work, the satellite owner usually will continue to operate it. In some cases, ground controllers can repair or reprogram the satellite. In rare instances, space shuttle crews have retrieved and repaired satellites in space. If the satellite can no longer perform usefully and cannot be repaired or reprogrammed, operators from the control center will send a signal to shut it off. Falling from orbit A satellite remains in orbit until its velocity decreases and gravitational force pulls it down into a relatively dense part of the atmosphere. A satellite slows down due to occasional impact with air molecules in the upper atmosphere and the gentle pressure of the suns energy. When the gravitational force pulls the satellite down far enough into the atmosphere, the satellite rapidly compresses the air in front of it. This air becomes so hot that most or all of the satellite burns up. Importance of Satellite Satellites were exotic, top-secret devices. They were used primarily in a military capacity, for activities such as navigation and espionage. Now they are an essential part of our daily lives. We see and recognize their use in weather reports, television transmission by DIRECTV and the DISH Network, and everyday telephone calls. In many other instances, satellites play a background role that escapes our notice: Some newspapers and magazines are more timely because they transmit their text and images to multiple printing sites via satellite to speed local distribution. Before sending signals down the wire into our houses, cable television depends on satellites to distribute its transmissions. The most reliable taxi and limousine drivers are sometimes using the satellite-based Global Positioning System (GPS) to take us to the proper destination. The goods we buy often reach distributors and retailers more efficiently and safely because trucking firms track the progress of their vehicles with the same GPS. Sometimes firms will even tell their drivers that they are driving too fast. Emergency radio beacons from downed aircraft and distressed ships may reach search-and-rescue teams when satellites relay the signal. Miniaturized satellite Classification: Minisatellite Microsatellite Nanosatellite Picosatellite Miniaturized satellites are artificial satellites of ordinarily low weights and small sizes, usually under 500Â  kg (1,100 lb.). While all such satellites can be referred to as small satellites, different classifications are used to categorize them based on mass as given below. One reason for miniaturizing satellites is to reduce the cost: heavier satellites require larger rockets of greater cost to finance; smaller and lighter satellites require smaller and cheaper launch vehicles and can sometimes be launched in multiples. They can also be launched piggyback, using excess capacity on larger launch vehicles. Miniaturized satellites allow for cheaper designs as well as ease of mass production, although few satellites of any size other than communications constellations where dozens of satellites are used to cover the globe have been mass produced in practice. Besides the cost issue, the main motivation for the use of miniaturized satellites is the opportunity to enable missions that a larger satellite could not accomplish, such as: Constellations for low data rate communications. Using formations to gather data from multiple points. In-orbit inspection of larger satellites. Minisatellite The term minisatellite usually refers to an artificial satellite with a wet mass (including fuel) between 100 and 500 kg (220 and 1,100 lb.), though these are usually simply called small satellites. Minisatellites are usually simpler but use the same technologies as larger satellites. Microsatellite Microsatellite or microsat is usually applied to the name of an artificial satellite with a wet mass between 10 and 100 kg (22 and 220 lb.). However, this is not an official convention and sometimes microsat can refer to satellites larger than that. Sometimes designs or proposed designs of these types have microsatellites working together or in a formation. The generic term small satellite is also sometimes used. Nanosatellite The term nanosatellite or nanosat is usually applied to the name of an artificial satellite with a wet mass between 1 and 10 kg (2.2 and 22 lb.). Again designs and proposed designs of these types usually have multiple nanosatellites working together or in formation (sometimes the term swarm is applied). Some designs require a larger mother satellite for communication with ground controllers or for launching and docking with nanosatellites. Picosatellite Picosatellite or picosat (not to be confused with the PICOSat series of microsatellites) is usually applied to the name of an artificial satellite with a wet mass between .1 and 1 kg (0.22 and 2.2 lb.). Again designs and proposed designs of these types usually have multiple Picosatellites working together or in formation (sometimes the term swarm is applied). Some designs require a larger mother satellite for communication with ground controllers or for launching and docking with Picosatellite. The CubeSat design, with 1 kg maximum mass, is an example of a large Picosatellite . Cube Sat A CubeSat is a type of miniaturized satellite for space research that usually has a volume of exactly one liter (10Â  cm cube), weighs no more than 1.33 kilogram, and typically uses commercial off-the-shelf electronics components. CubeSat isometric drawing Since CubeSats are all 1010 cm (regardless of length) they can all be launched and deployed using a common deployment system. CubeSats are typically launched and deployed from a mechanism called a Poly-Picosatellite Orbital Deployer (P-POD), also developed and built by Cal Poly. The P-POD is a rectangular box with a door and a spring mechanism. It is made up of anodized aluminum. They are mounted to a launch vehicle and carry CubeSats into orbit and deploy them once the proper signal is received from the launch vehicle. The P-POD Mk III has capacity for three 1U CubeSats however, since three 1U CubeSats are exactly the same size as one 3U CubeSat, and two 1U CubeSats are the same size as one 2U CubeSat, the P-POD can deploy 1U, 2U, or 3U CubeSats in any combination up to a maximum volume of 3U. CubeSats are being used for everything from environmental sensing and fundamental biology research to testing new space flight systems. Poly Picosatellite Orbital Deployer (P-POD) and cross section CubeSat forms a cost-effective independent means of getting a payload into orbit. Most CubeSats carry one or two scientific instruments as their primary mission payload. Several companies and research institutes offer regular launch opportunities in clusters of several cubes. ISC Kosmotras and Eurokot are two companies that offer such services. The biggest advantage of Nano- and Pico-satellites is that they are a bargain. Most of the cost saving comes at the launch stage. Unlike conventional satellites, they dont need a dedicated launch vehicle where they are the primary payload. Their affordability also comes from being built with off-the-shelf electronic circuit chips such as microprocessors and radio frequency transmitters and receivers. These are the same components that are inside smart phones, hand-held Global Positioning system units, and digital cameras.

The Effect of Divorce on Children Essay examples -- Sociology Parentin

The Effect of Divorce on Children Works Cited Missing Divorce is always a traumatic experience in a person's life, especially a child's. When parents divorce, children are not always considered during the settlement. This omission can lead to problems with the child's perception of daily life. The impact divorce has on a family is more prominent to the children of the family than the parents. As a child, there are many situations that affect a view, memory, opinion, or attitude. Children have many of their own daily struggles to cope with, such as peer pressure. Adults sometimes forget what it is like to be a child dealing with some of the childhood pressures. Many parents do not realize how something like divorce could possibly affect their children as much as it does themselves. As the case may be, children are strongly affected by divorce. Some react differently than others, but all experience some kind of emotional change. Parents who are going through a divorce sometimes try to shield their children from the situation. But regardless of their parents good intentions, children often find themselves in an emotional catastrophe. Instead of protection from the situation, children need support and reassurance during this hard time. Parents feel like it is their job to protect their children from the same kinds of anguish and stress that they feel during the divorce. But ignoring this only leads to more unwanted stress. Parents should help their children better understand what changes will be taking place in the future, such as new places to live, new ways of communicating with their parents, and new schedules of daily life. There are many factors that affect a child's reaction to divorce. Their rea... ...ince fathers usually make more money and have more economic resources, if they were to get remarried, children in the new family would be better off because getting remarried usually results in higher incomes. It may not be possible to make every marriage a happy one or to always avoid divorce. Some spouses even have no choice when their mates leave them. But it's time to change all of this and lead these children to better adult lives. These children are the future and without them functioning correctly, the generations to come may also be affected in great ways. With a little more encouragement from our society, many of the same parents who would literally run in front of a speeding car to save their child from death might consider working harder at creating a better marriage to help our future generations (Betsy Hart: Time to Change the 'Divorce Debate').

Celebrities and Sports Stars being bad role models to children Essay

Celebrities and Sports Stars being bad role models to children In todays world you can’t even look at the news without witnessing one of these celebrities or sports stars making a mockery of them selves. Whether it’s anywhere from drinking and driving, doing drugs, racing sport cars , or doing all three of those things in one instance like singer/songwriter Justin Bieber did last month. The only thing that makes doing all that stuff worse is having millions of adoring fans who will mimic your actions, wear what you wear, even say what you say. Celebrities and sports stars have a tremendous impact on children in today’s world. If you ask a child who his or her role model is there is a higher chance they will say a celebrity or sports stars name over there own parents name. So when a kid sees his role model smoking pot or drinking liquor in his head he will think wow if he is doing that it must be cool so I should try it. How ever most of these troublemaking celebr ities say it’s the parents are the bad influence and that they are to blame for there kids choosing the celebrities to be there role models over there parents. How ever in one particular case it is the celebrity’s parent’s being a bad role model to the celebrity who then is a bad role model to millions of fans. On January 22 a day before Justin Biebers arrest for drag racing under the influence he was allegedly seen partying in a Miami night club with his father the night of the arrest; Also his father was reportedly in one of the SUV’s in the caravan of cars following Justin Biebers car to block off the rode so his son could race. When fans see something like this happening they are more likely to drink and do drugs hop in a car and attempt to race which could potentially cause serious injuries or even death to many innocent people. Parents are saying that Celebrities are rotting there children’s minds by exploiting explicit drug use, .alcohol abuse, and underage sexual behaviors These parents have bring up a good point because still being a teenager myself I see the world around me from a different perspective I see people around me drinking doing drugs and more and have gone even further to ask why they do it and the response I got back from all of them in one way or another was because one of the artists they listen to does it so he or she wanted to try it. But saying that its celebrities faults isn’t always the right thing to say  because most celebrities are actually great role models on children it’s just a select hand full of them who give a bad name to all of the others studies show that teens who idolize a celebrity who doesn’t give in to such pressures and weight and drugs will likely benefit from their obsession (www.everydaylife.globalpost.com). Although there are more good celebrities who can positively affect your child’s life a lot of these children seem to be more interested in the bad ones this is mainly because of media. Media is the main reason why these children copy celebrities. In seconds media can have a story sent all around the world and into the ears an heads of children who read or hear these stories. Media always seems to focus more on the bad things celebrities do like if a celebrity is donating a lot of his time to help research a cure for a HIV and another celebrity gets caught r acing his car the celebrity racing his car will defiantly be the one who is acknowledged for there actions. So in a way it isn’t always the celebrities faults because without a lot of these corrupt media sites to twist the stories and spread the stories into the heads of these kids they may have not even existed. But celebrities shouldn’t be attempting potentially harmful behaviors like that in the first place because there not stupid they know that the moment they get caught doing something illegal it is going to me spread through out the world have more bad consequences than good. Instead they should be using this power of the media they poses to being good things that will give off positive influences to children. This probably wont happen though cause most celebrities actually become more famous and popular for the bad things they do than the good so why would they stop doing something that will make them more popular. On the other side you have the celebrities saying that it is the parents fault that there kids are doing what they are dong. Parents do have control over what there kids can watch listen to and hear but in the end they don’t stop there kids from listening to music or seeing something that will make them behave badly out of pure laziness and before they know it there kid is drinking or doing drugs and there isn’t much the parent can do at this point. One thing that every parent wants to hear is there children tell them that there mom or dad is there role model but if that isn’t the case then the parent should find a good role model for there child. You can influence your child into likening a celebrity by having them listen to that celebrities music or watching  there movies even if that celebrity is acting inappropriately you can explain to your child that it is just a movie and he is actually a good person out side of that role and that if he or she were to do any of that in real life there would be consequences. Parents can also explain to there children that celebrities are given more leeway from police and judges because of the reputation and money. In the past century parents have been giving more freedom to there children if you got caught smoking marijuana or drinking alcohol around forty or fifty years ago you would get a beating of a life time from your parents but due to so many law changes and new laws things are not like they used to be. There is not much a parent can do now to prevent there children from doing something bad except for sitting them down and giving them a stern talk. In the defense of celebrities maybe if parents made there children want to have there parent as a role model then they wouldn’t go off looking for celebrities to be there role models. This isn’t always true it’s not like the medieval times anymore where a parent is a black smith so there child will be one. Now a lot of the time as children grow up they decide they want to go down a different path in there life and not the one there parent went down so they will target a role model who fits there idea of the person they want to become. Parents have to realize that they can’t just put the blame on a celebrity for there child’s mistakes because they are to lazy to prevent there child from following these bad influences instead they should focus on making sure there child becomes a productive and decent human being. Parents are defiantly winning the whole blame game from the point of the media but the real person to blame isn’t the celebrities or the parents. The instigator of this whole debate is all of these media sources exploiting these celebrities like they are animals. The people who work for media constantly following these celebrities taking pictures and looking for everything they do wrong. No one is perfect so you can’t expect a celebrity to behave 100% of the time they didn’t ask for all of these role models. I would never want to live a life full of people constantly following me around taking pictures; That has to be one of the most stressful jobs in the world sure they are going home to there mansions and driving around nice cars but a lot of these celebrities actually suffer from depression because of all this fame they have. Like Justin Bieber he was just a normal thirteen year old boy before Usher discovered him and  changed his life for ever. Anyone that young with that much money and power would surely do the same exact thing he is doing now. Celebrities should be aware that they have so many role models but shouldn’t bear any responsibility to them because it’s impossible to make everyone happy when you h ave that many people on your back twenty four seven. One exception I think is Miley Cyrus she started he career out on the Disney channel with millions upon millions of little girls watching her so now when those girls are all of a sudden seeing her smoke marijuana on stage and dressing in outfits that make her look half naked they are going to mimic her actions. Miley Cyrus was well aware that she was the role model to all these little girls and is using that to her advantage because she knows anything she does her millions of followers will do the same. In the song twenty three which she was featured in she displayed scenes of her smoking marijuana in a school bathroom and doing all other kinds of activities that someone wouldn’t normally do. Miley Cyrus is doing nothing but sending mixed messages into all of these girls’ heads causing them to do things they wouldn’t normally do. This all started happening because she her ratings were down and she wasn’t as popular as she used to be so her managers decided to give her a new look and re invent her and before they knew it she blew up and is now one of the most known celebrities in the entire world and she doesn’t seem to be slowing down anytime soon epically with her newest outbreak of trying to make out with Katy Perry live onstage but she denied the kiss a nd proceeded to tweet about it which started a twitter fight which only gave both of them more fame and followers on all of there social media accounts. It even made breaking headlines over the potential war that could be happening between Russia and Ukraine.So yeah no one is to really blame for all of this because no one wants this to happen except for a select few.

The concept of self

Changing ideas, beliefs and values impacts an individual's self-schemas and ay lead to a changing of consumer behavior or the removal of behavioral constraints (Blakeley, 1996). Self-concept can be described as multi-faceted (Arnold, et al, 2004), and includes a collection of images, activities, goals, feelings, roles, traits and values. These play a part in different aspects of an individual's perception Of self. The Me-self (Mead, 191 3) can be considered the socialized aspect of the individual and represents a constructed self- image from learned behaviors, attitudes, and expectations of others and society.The Me-self has been developed by the knowledge of society and social interactions and is considered a phase of self that is in the past (Mead, 1913). The I-self however, plays the role of the active observer, the knower, or the information processor (Arnold, et al, 2004). The ‘l' therefore, can be considered the present and future phase of self and represents an individua l's identity based on the response to the â€Å"iv aspect (Mead, 1913). For example, the ‘I' understands how society says an individual should behave and socially interact and they align with the perceived set standards, and that notion becomes self.The ‘Me' and ‘l' have a didactic relationship, almost like system of checks and balances. In essence, the Me-self prevents an individual for example, from breaking the rules or boundaries of societal expectations, while the I-self allows the individual to still express creativity and individualism (Mead, 1913). The I-self and me-self further interlink and enables an individual to understand when to possibly push boundaries that govern social interactions (Mead, 1913).Charles Cooley's (1988) concept of the looking glass self, states that an individual's self grows out of social interactions. The view that an individual has of themselves comes from the interpolation of personal qualities and impressions of the perception s of others (Isakson, 2013). Cooley's (1988) concept on the looking glass self describes that how we see ourselves does not come from who we really are, but rather from how we perceive how others see us.This can influence the monitoring self of consumer where a high self-monitor individual may be more highly concerned about how they are perceived by others and may change their behavior to be viewed in a more positive manner rather than a low self-monitor individual, who may have stronger self beliefs and may tend o behavior more consistently (Arnold, et al, 2004). The extended self, as theorized by Russell Bell (1 988), comprises of external objects, in which the emotional attachment to those objects become perceived as being a part of ourselves.Our possessions are a major contributor and reflection of our identities and this construct of the extended self involves consumer behavior rather than buyer behavior (Bell, 1988). Marketers are interested in the concept of the extended self as consumers regard possessions as a part of themselves and this would enable understanding of consumer behavior and consumption patterns. The most direct form of evidence by Bell (1988) supporting his theory on the extended self is found in the nature of self-perceptions.Firstly, Bell (1988) found that the extended self was not limited to external objects and personal possessions, but also included persons, places as well as body parts and vital organs. This thinking is used especially when marketing goods with connotations of patriotism in most of the world. For example, the slogan used by the famous soft drink company L&P ‘ rural famous in New Zealand†, appeals to and makes potential nonusers highly involved if they consider New Zealand part of their extended selves (Watson, 2001).Bell (1988) further argues that perceived characteristics of an object may not always correspond with the perceived characteristics Of self. To demonstrate, he proposed that an individual c an consider an object like the Statue of Liberty to be a part of themselves, but not actually holding a self-concept composed of characteristics attributed to the statue. Marketers are interested in the concept of self because it is much more than just brand or brand image. Non-brand images, such as example a cigarette smoker or a person with a Ferreira can contribute strongly to self.Post-acquisition object bonding, which may happen after buying a dog can be identified by marketers as a possible strong influence to the sense of self (Bell, 1988). Marketers are interested in the role possessions play in influencing and shaping an individual. For example, after buying a dog, advertisements about dog food, which have never appealed to the individual before, now do. Marketers can play a persuasive role in stimulating need recognition to the individual brought about by their purchases.Besides intro over objects, control by objects, as Bell (1988) theorized may also contribute to an item being viewed as a part of self. We may impose our identities on objects but possessions may also impose their identities on us (Furry, 1978). The longer we possess or get possessed by the object, the more a part of self it becomes (Furry, 1978). Marketers use this knowledge of the extended self in the form of samples, test drive with cars, 10 day free trials with products.Understanding self-concept helps marketers realism that time spent with the product or object is time that an individual may feel more notionally attached to it and have a harder time parting from it. The concept of extended self is of high interest to marketers as the digital age is a relatively new phenomenon. In the digital world, there are a number of differences with concept of the extended self, mainly due to the destruction by the advancement of technology (Bell, 2013). This means that the numerous objects that were marketed to individuals can now be accessed and complied into one platform.Furthermore, it c reates different ways that individual interact with and project themselves onto others (Bell, 2013). However, Bell (2013) proposes that an individual may have a different online persona as compared to offline. A marketer's interest lies in the understanding of an individual's online sense of self, for example, a consumer purchasing from an online website to accurately interpret the individual's online attitudes and beliefs. Self-concept consists of two dynamic processes, interpersonal and interpersonal.Within the facets of self, these two processes play an influential role. The interpersonal process is an individual's cognitive processing, affect and motivation (Archer, Gurney and Moan, 2013). The interpersonal process makes up the I-self and has socially-developed self- knowledge involving goals, strengths, limitations and moods. This process interacts with the external interpersonal self, which includes social perception, choice of situation, interaction strategy and reaction to f eedback (Arnold, et al, 2004) and vice-versa.Marketers are interested in understanding interpersonal and interpersonal processes as individuals' perceptions are generally different from One other. This is due to an interpersonal self shaped around each individuals own personal experiences. Individuals act based on what dynamic self process they are feeling at that time (Arnold, et alarm 2004). Therefore, marketers would better understand their target market by having apt knowledge of these two processes. Possessions are not only considered a part of self, but also are important in the development of self (Bell, 1988).This contributes to the self-narrative of an individual which comprise of coherent stories and personal experiences that provide a sense of continuity in time and space (Arnold, et al, 2004). Marketers are Interested in the self-narrative of individuals as they can arrest goods to support this, for example, photos albums. Photo albums provide an individual with the mean s to document highlights of their lives which can be viewed at any time they so desire. These possessions seem to contribute to the maintenance of the self-concept and narrative as such objects act as reminders or conformers of our identities (McCracken, 1987).With age, an individual's boundary of self develops as it goes through multiple role transitions (Rosenberg-Walton 1984, p. 352). Transitions are of interest to marketers as an individual's self-concept is changeable and is especially yeoman during certain transitions (Arnold, et al, 2004). A consumer's role transitions are marked by changes in consumption patterns (Arnold, et al, 2004). For example, buying a home, graduating from University, or having a baby can be key role transitions in an individual's life. Role transitions can also be linked with a consumer's levels of self-esteem.The positivist of a person's attitude towards him/herself plays an influential role in their behavior and consumption choice (Arnold, et al, 20 04). Low self-esteem can be related to concerns over the looking glass self which in turn influence impulsive purchasing (Arnold, et al, 2004). Marketers can play a key role in increasing the level of involvement and marketing goods which reflect the individual's' self traits to support the transitions. Marketers can use the concept of the changeable self to add or strengthen beliefs in an individual.This can influence an interpersonal process that consumers go through, self- gifting. Self-gifting frequently carries messages about an individual's self- distinctiveness, for example, brand slogans which have the phrase ‘Like no other' (Arnold, et al, 2004). Individuals increasingly seek pleasure in objects hat they buy for themselves as gifts (Kara, 2008). This may be attributed to a positive feeling of accomplishment (Kara, 2008) and consumers may appeal to brand slogans with the phrases ‘reward yourself or ‘you deserve it'.In conjunction with this, self-gifting can also occur as a response to a negative attitude brought about by, for example, feelings of stress. Grub and Growth (1967) state that goods are symbols which communicate a message between an individual and society or their significant others. Consumption communicates socially shared meanings about identity (Arnold, et al, 2004). If a product is to serve as a symbol as a communication device, it must be first gain societal recognition (Grub & Growth, 1967). This process is essentially a classification system which places these products to others in society.These classification systems are society's way of piecing and organizing their activities in a sensible manner (Grub & Growth, 1967). Fashion as an example, illustrates the link of symbolic classification and consumer behavior. When a particular style of fashion becomes popular, a segment of society may direct their behavior towards the archiving and consuming of items manifesting this style (Grub & Growth, 1967). Therefore, an act of classification not only directs self action, but also a set of expectations may be aroused towards the object classified (Grub & Growth, 1967).Marketers need to understand the essence of the object resides not in the object itself but in the direct relation between the object and the individuals classifying the object (Grub & Growth, 1967). Self-enhancement can be brought about by the purchase and consumption of goods in two ways. Firstly, an individuals' self-concept ill be maintained if they believe the good is societal accepted and classified in a manner that matches their self-concept. A product as a symbol contributes to one's looking glass self as the products' conveyed meaning creates symmetry matching the image an individual has of themselves.Secondly, an individual may receive either positive or negative reinforcement from significant others and this strengthens their self-concept with growth and change based on desired reactions from society (Sequester, Pettier, Spanis h, Raw Hill, 2014). Marketers are interested in this area of self as it splays image congruence where self-concept is enhanced through the transfer Of socially accepted meanings Of the product or brand (Arnold, et al, 2004). An individual's self schemas can be used by marketers to market goods which align with an individual's beliefs (Peter & Olson, 2010).This concept of self-enhancement directs consumer behavior to use goods to close the gap between actual and possible selves. These possible selves can be past, present or future. Consumer nostalgia as a past possible self is a powerful and rich tool that marketers can use to tap into an individuals' self. Nostalgia stems from a consumer's yearning for the past, often dissatisfied with the present state and coming future and to compensate, an individual may purchase vintage or retro looking goods to ‘bring them back to their perception of the golden ages (Shah, Lie, Teen & Lu, 2014).The similar concept may be applied to a futu re desired self in the form of anti-gambling advertisements. An individual may begin to increase their involvement towards their desired gambling-free self and may start to pay for counseling services to achieve this. In conclusion, the concept of self is multi-faceted and interrelates with one another, influencing behavior. The sense of self, socially created, is dynamic with consumers' motives playing a part in their consumption choices to develop or maintain their concept of self. Our possessions are a reflection of our identities and an expression of our beliefs.

The Morality of Euthanasia essays

The Morality of Euthanasia essays In contemporary American society, a general topic for moral discussion is euthanasia, the act of painlessly ending the life of a person for reasons of mercy. This is usually done in cases in which the person is hopelessly sick or injured. Although by this definition euthanasia may clearly seem to be morally permissible, it is cause for much debate and controversy in todays American culture. In this essay, I will defend the view that euthanasia is almost always morally acceptable, exceptions being non-voluntary active euthanasia, (which will be defined shortly), or cases in which the patient has been suicidal before the diagnosis of a disease or a debilitating accident. Before beginning my arguments, I think it important to first discuss the different types of euthanasia. Voluntary active euthanasia is when the patient wishes to end their life, and this is done through such means as injecting them with a lethal dose of a drug, therefore dying of unnatural causes. Voluntary passive euthanasia occurs when the patient wishes to end their life, but death is caused naturally by removing a life-sustaining machine or by not starting treatment for a disease. Non-voluntary active euthanasia is simply active euthanasia in which the patient is unable to express their wishes and a loved one makes the decision for them. Non-voluntary passive euthanasia is passive euthanasia under the same circumstances as non-voluntary active euthanasia. (There also exists another form, involuntary euthanasia, which directly violates the patients wishes, which seems to simply be homicide; therefore I will not further discuss this issue). Another act that falls within the scope of euthanasia is Physician Assisted Suicide. This is when a physician provides the information, means, or supervision for the successful suicide of their patient at the patients request. Moving on to my argument supporting the morality of euthanasia, ...

Technology Has Helped Destroy The Planet Essays

Technology Has Helped Destroy The Planet Essays Technology Has Helped Destroy The Planet Essay Technology Has Helped Destroy The Planet Essay The great visionary Mahatma Gandhi once quoted Earth provides enough to satisfy every mans needs, but not every mans greed. Hence Technology has become a weapon or every man to fulfill his need and wants. But in this process it is Earth which is being destroyed. Oil which is every mans lifeline causes a great deal of destruction during extraction. Searching and extraction of oil requires strip mining, drilling in environmentally sensitive areas which inadvertently results in deforestation and evitable and unnecessary pollution. My opponent may argue that we are using technology to reverse and prevent further damage such as inventing battery charged and low emission cars and using non renewable energy. In fact, a recent study revealed that when the effects of forestation were taken into account, supposedly the clean bio fuels caused higher CA emissions than those caused by the consumption of regular oil. In United States, the use of corn to produce ethanol has resulted in skyrocketing grain prices, leading in turn to severe food shortages in the developing world. In a world where inflation and poverty is a rife do we actually require technology to further become a burden and decrease the standard of living? In Brazil, an explosion in demand for farm-grown fuels has spurred a dramatic explosion of agriculture, which has accelerated the forestation of the Amazon rainforests. So please enlighten me whether these environmentally responsible inventions are further destroying the planet or help in rebuilding it from the ruins. Would like to remind the gathering of the atom bombs dropped on the Japanese cities of Hiroshima and Nagasaki which marked the end of the Second World War. My adversary might say that the use of atom bomb did help end the second World War but IS this really the way civilized humans are supposed to end wars ? By unexpectedly killing thousands of innocent men and women? The world was aught off guard by the utter destruction of Hiroshima and Nagasaki after the U. S. Dropped the 15 kiloton title Boy and 21 kiloton Fat Man. The two Japanese cities were leveled in seconds, killing hundreds of thousands from the initial blast and later radiation poisoning-This is certainly not the reason God gave us the mental capability to produce something as deadly as a bomb. Technology has to be given into safe hands as it is capable of destroying an entire clan. Gas chambers and Doll Hitler turned into Holocaust and extermination of an entire race. This is not what Humans who re superior and apparently peace loving supposed to do just because we have the power to do it. With Great power comes great responsibility. With technology comes the responsibility to improve the planed and upheld its exclusivity to be so far the only planet with socially and mentally advanced beings: Mankind. Well History has enough examples to demonstrate the adverse usage of technology, but at this very hour, technology is being misused by the bright future of tomorrow the teenagers in an unfriendly manner.

Recommendation Letter Requirements How to Find

Recommendation Letter Requirements How to Find SAT / ACT Prep Online Guides and Tips Along with researching your colleges’ deadlines and requirements, you also need to figure out exactly what each one’s policy is toward recommendation letters. Some schools may ask for one or two letters, while others may actually prohibit them outright. This guide is meant to help you locate the crucial information you need. First, we’ll go over the questions you need to ask. Then, we’ll take you through the process of searching for this info, step by step. To begin, what do you need to know? What Do You Need to Know About Recommendation Letter Requirements? Before you can make sure you have all the answers, you need to know what questions to ask. There are a few key answers you need to gather: How many letters do you need? More specifically, do you need one from your counselor? From a teacher? If so, do you need one, two, or (in rare cases) three teacher recommendations? Does it matter who you ask? Do you need to ask teachers of a certain subject, or can you ask anyone? Does your school have any special requirements, like a personal, artistic, or peer evaluation? (This is rare, but applies to a few schools.) Can you send a supplemental recommendation? Does your school encourage, discourage, or prohibit extra letters? How do your recommenders submit their letters? Do they upload them on tothe Common Application or school application? If necessary, can they send them via mail? And last, but not least - when’s the deadline? These are the most important questions that need answers. You should be able to find this information on each school’s admissions website. If it’s not spelled out there, then you should feel free to call up the admissions office and ask. Some schools won't even read letters if you send them, like those in the University of California system, while others make space on the Common App for you to submit two additional teacher letters, like Brown. More commonly, schools want one or two teacher recommendations, but it's important to check because there's such a range of policies. Since every school’s website is different (and some are inexplicably confusing to navigate), let’s go through the steps of researching a few popular schools with differing policies towards recommendation letters. Let’s start with schools in the University of California system, and then take a look at the University of Virginia and Harvard. The journey begins. How to Search for the University of California’s Recommendation Letter Policy Your first step for all these schools should be to head to Google. Search for â€Å"name of school + admissions† and findits admissions page. PrepScholar also has a large database of colleges and their requirements and admissions rates, so you can find data by searching for â€Å"PrepScholar + name of school.† Every admissions site is a little different, so you may have to do a little digging around before getting to the information you need. Often a page called â€Å"Application Instructions† or â€Å"Application Checklist† will get you where you need to go, usually along with choosing whether you’re a U.S. prospective freshman, transfer student, or international student. On the University of California admission page, you’ll see its rec letter policy in a sidebar: â€Å"UC does not require (nor read) letters of recommendation at the time of application. A campus may ask for them later as part of a supplemental review, so be sure to check your email.† You can see why it’s so important to check policies. Not only does UC not require you to send a rec letter, but it won’t even read one if you do! What’s the lesson here? Always do your research before sending any supplemental recommendation letters. When you create your online account to apply to a UC school, you’ll see that there’s no tab to invite recommenders. For other schools, this will be part of the school’s app or Common Application. Now let’s take a look at the University of Virginia, which asks for one counselor and one teacher recommendation. How to Search for University of Virginia’s Recommendation Letter Policy Back to Google! Start by searching for â€Å"University of Virginia + admissions.† Double check that you’re in undergraduate admissions, by the way, if your college has a graduate school. Once you get to UVA’s site, you’ll see a dropdown menu where you can click on â€Å"Instructions.† These instructions tell you to send â€Å"recommendations from one counselor and one teacher.† You can also click on School Forms and Deadlines for more detailed info. If you’re wondering about UVA’s policy towards supplemental letters, unfortunately its website doesn’t say. Not to worry! A search of â€Å"UVA + supplemental recommendation† brings up the UVA blog. According to this blog, UVA doesn’t really want you to send an extra letter, but will consider it if it really adds something significant to your application. Generally speaking, it’s discouraged. Finally, let’s consider Harvard and its guidelines for recommendation letters. How to Search for Harvard's Recommendation Letter Policy The first step should be old hat to you by now. Head over to Google and search for "Harvard + admissions." Once you get to Harvard's admissions page, you can click on "Application Requirements." Then select whether you're a freshman applicant, transfer student, or visiting student. Here you'll find that Harvard wants to see the evaluation from your counselor and two teacher letters. Compared to other Ivy League schools, Harvard's website is pretty tight-lipped about what it's looking for in teacher recommendation letters. All it really says is, "Ask two teachers in different academic subjects who know you well to complete the Teacher Evaluation forms." The website does refer you to its posts in the New York Times blog for more insight into the admissions process. According to this blog, recommendations are "extremely important" in the admissions process. Officers read them "with great care" and look for "such personal qualities as character and leadership as well as intellectual curiosity, creativity, and love of learning...[they] can offer evidence of an applicant's potential to make a significant difference to a college community and beyond." As you can tell, recommendation letters are closely reviewed in Harvard's process, as well as at other selective schools. Also like other schools, Harvard seems to consider supplemental recommendations if they truly add something substantial to your application. At the same time, it neither expects nor encourages them. Now that you know how to track down your schools' recommendation letter policies, you also want to make sure you know how to submit them. How Do Your Recommenders Submit Their Letters? If you're applying through the Common Application, then you'll invite your recommenders to upload their letters. As long as you fill in their name, position, and emails correctly, then the rest is up to your recommenders. The same should go for a school's individual online application. Since Harvard allows you to submit a supplemental recommendation, it leaves space on the Common Application for you to assign an "additional recommender." If your recommender can't upload her letter online for some reason, you should be able to send a hard copy by mail to the school's admissions office. In this case, make sure to provide your recommender with a pre-addressed, pre-stamped envelope, and to follow up with her that she sent it off by the deadline. If you're clear on all the guidelines, then you can communicate them clearly to your recommenders. Let's briefly review what that key info is. Key Points to Remember There's a lot of planning that goes into asking for recommendation letters and getting them submitted. Make sure to search online for each of your school's rec letter policies, which should be outlined on its admissions page. The schools mentioned here don't specify exactly who you should ask for rec letters, but some schools do give guidelines. MIT and CalTech, for instance, instruct you to ask one humanities or social studies teacher and one math or science teacher. If you still have questions that aren't answered online (unfortunately, sometimes they won't be), you should contact the admissions office directly. The people there will be able to get you the information you need. Finally, be thoughtful and intentional about who you ask for recommendation letters, whether they're your core recs or supplemental ones. You want to make sure each letter adds something insightful, complimentary, and substantial to your story. If your letters accomplish this, then they can be extremely helpful in tipping the admissions decision in your favor. What's Next? Check out these detailed guides that will help you get the best recommendation letters and impress admissions officers: How to Request a Letter of Recommendation What Makes for a Good Letter of Rec? Why Are Recommendations Important to Your Application? How Admissions Officers Read Rec Letters Recommendation Letters for Harvard Examples of Great Teacher Recs and Counselor Recs Want to improve your SAT score by 240 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Business law Essay Example | Topics and Well Written Essays - 1250 words - 4

Business law - Essay Example A property based legal system is one that revolves around the notion of property – which is the legal right to exclude or keep others from interfering with one’s property, which is what one owns. Under this concept, there would be three kinds of property (a) public property which is owned by the Government (b) private property, which comprises the resources that an individual owns and (c) common property, which comprises land and other kind of property which people own jointly. There is greater incentive for people to develop those resources which they own because they can control what they produce.In the United States, the capitalist system and the free market allows individuals to develop, to freely benefit and profit from the property and resources that they own. Therefore, this provides them the incentive to work hard to develop their resources. For example, in the United States, I can use my talent and financial resources to start a small business and I will be ent itled to make as much profit as I can and keep most of that profit for myself. In a similar way, I will also have the right to enter into deals with other businesses and customers which will bring me the maximum profit and therefore I will have the incentive to work hard at my business to develop it.The property based system is one that is based on a free market system and that of private enterprise. The level of Government control is very low and it is easy for individuals to exercise ingenuity in developing successful business tactics to make the maximum profits.

History of Telephone Essay Example | Topics and Well Written Essays - 1000 words

History of Telephone - Essay Example Bell developed new and original ideas, but did so by building on older ideas and development (Farley). Transmission of electricity over wires by Stephen Gray in 1729, first Battery produced by Alessandro Volta in 1800, Michael Faraday's experiments with electromagnetism in 1821, Professor Henry's transmission of the first practical electric signal and the invention of the electromagnet in 1830 were the major developments, which paved the way for the invention of the first working telegraph by Samuel Morse in 1837, and the completion of the first non-working telephone in 1861 by Johann Phillip Reis. Successful experiments with a clock spring reed in transmitting actual sound over a pair of wires, ultimately led to the birth of the telephone on March 10, 1876, with the famous first sentence to be transmitted accidentally: "Mr. Watson, come here, I want you". With other inventors like Elisha Gray closely on his heels, Bell received his patent No. 174,465 for his epoch making invention. Since his invention was unprecedented, Bell was obliged to call it as "an improvement in telegraphy". Obviously, it was the telegraph and its wired network, which was most responsible for the development and success of the telephone. Impact of the Telephone on the social elements: Even after being baptized by the patent office and given a royal reception at the Philadelphia Centennial Exposition, Bell, instead of being applauded was pelted with a hailstorm of ridicule. While men of trade and commerce preferred to call it a scientific toy,. The newspapers went to the extent of describing it as 'the latest American humbug' (the London times), Salem Witchcraft , and something associated with the powers of darkness (The Providence press).The very idea of speaking to a metal piece seemed too bizarre and freakish. Since no one could understand how it worked, people saw this performance as a loss of dignity. Public Officials were slow to adopt it, as they were accustomed to use of written documents, and so was the banking community. It was only after a series of demonstrations and lectures arranged by Bell, as well as an account of a documented 3 hour demonstration, published in The Boston Advertiser (October 19, 1876), that people started taking it seriously. They r ealized, after several years of turmoil, that the telephone offered a hitherto unknown advantage of a 'Human Touch' to the communication. One could converse, respond to tones of voice and moods, discuss, persuade, enquire, argue and even reach agreements in a few minutes, in a personal way. It enabled members of the family to travel and even emigrate with increased security. It enabled the government to handle emergencies, like war, fires, accidents storms etc. Medical emergencies could be attended to much more efficiently. As it was having several advantages over telegraph, the businesses were in a position to handle all the issues in a more personalized way, and much faster. The Telephone in people's homes: Reasons for the delayed entry: The real popularity of the telephone in the home segment had to wait for more than 20 years after the invention of the

Strategy and Position Paper Essay Example | Topics and Well Written Essays - 1250 words

Strategy and Position Paper - Essay Example Lagree fitness plan is an innovation that focuses on attaining optimum physical fitness through the use of technological inventions. Participants of the physical fitness plan are taken through a series of work out practices that enhance five major functionalities of their body. After going through the fitness plan, participants are guaranteed of efficient and highly functional respiratory system of their body as well as proper blood circulation all over the body. Participants are also able to acquire strength of their muscles and endurance. These exercises also shape the body and give it proper tone through loss of fat and growth of muscles. The technology used while exercising on the other hand ensures that the muscles are well stimulated by the exercises to attain maximum flexibility (Lagreefitness.com, 2015). Lagree fitness uses innovative and new technology that sets it apart from other fitness plans. The training is conducted by young motivated instructors like the staff of Brooklyn Bodyburn and has various packages like group plans which make it interactive (Brooklyn Bodyburn, 2015). The use of new patented technology in Lagree fitness plan makes it inaccessible to the general population, thus limiting the growth potential of the new innovation. All new companies that want to employ Lagree fitness plan must be trained and satisfied by Lagree, limiting its coverage. The existing opportunity for Lagree is the many gaps in the innovation of new technology supporting body fitness. If well advertised and marketed, there is sufficient potential for growth of the company and its products. The release of the documentary dubbed future of fitness by Lagree will showcase the new innovations to a wider range of clients. With frequent improvements and innovations, Lagree faces the most threat from new entrants in the body fitness industry. These new entrants may come up with more improved

Introduction to Business Law Essay Example | Topics and Well Written Essays - 2000 words - 3

Introduction to Business Law - Essay Example Law of misrepresentation have provisions that offer redress of the consumer detriment (Cartwright, 2007). However, the rights appear in fragmented forms that are complex hence making it unclear. The complexities presented by the law require amendments to ensure effective application of the law. The current laws provide confusions to the advisers of the consumers and traders as well as their clients, a fact that pose hindrances to private ordering. Therefore, the essay presents the law by highlighting the gaps that need amendments by considering possible avenues that are applicable in a case where the consumer is mislead by the trader. Misrepresentation refers to misleading actions when considered from a private law perspective. However, this law does not occur in a single body but rather represents several causes of actions for a number of issues arising from misrepresentation (Law Commissions, 2010; Atiyah and Treitel, 1967). Therefore, it gives rise to several families of rule. When a consumer intends to bring forth claims of misrepresentation, they are required to go through sea of actions that may be intimidating and lead to uncertain actions (Law Commissions, 2010). These represent some of the discouragement that hinders the consumers from commencing any claim from the fraudulent traders. When a consumer is presented with misleading facts, or is told something that is untrue, such a consumer is said to have been mislead. When the trader breaches the contract or act in a fraudulent manner, the law of England governs this in the 1967 act of the misrepresentation (Warren, 1983). A misrepresentation depends on whether the information falls within the three categories of factual, falseness and not an omission (Cartwright, 2007). When a representation is untrue, it represents an actionable prospect. However, when it is untimely, unintelligible, or not

Methodology Assignment Example | Topics and Well Written Essays - 3000 words

Methodology - Assignment Example All researchers base their work on philosophical assumptions. A researcher works within a parameter of socially influenced outlook, and there so the initial assumptions are always taken for granted. Generally speaking, philosophical assumption is deduction made by the researchers based on his previous knowledge and perspective of the concerned subject (Scotland, 2012). There are three kinds of philosophical assumptions that form the root of a research methodology. The structure of a research is consisted of ontology, epistemology, methodology, and methods (Scotland, 2012). Ontology can be defined as the study of a subject’s reality and deals with the question of â€Å"what is† (Scotland, 2012). The researcher needs to define his perspective concerning the subject based on its real form and implications (Scotland, 2012). Epistemology is concerned with knowledge that is collected from field research (Scotland, 2012). Epistemological assumptions are born from study of data that are collected and assimilated by the researcher (Scotland, 2012). It is an establishment of relation between the â€Å"would-be-knower and what can be known† (Scotland, 2012, p.9). The structure of a research is confined within ontological and epistemological assumptions. All the assumptions that are made by the researcher are based on guesswork (Scotland, 2012), and so the philosophical aspects of the research can never proven as completely true or false (Scotland, 2012). The ontological and epistemological assumptions differ with each research since each subject has its own definition of reality and therefore the research approach is also different. Methodology is the defined course of action which is reliant on the selected methods of research (Scotland, 2012). Therefore, methodology is the process and reasons of data collection and deduction (Scotland, 2012). Methodology is the manner in which the researcher confirms or refutes his

WEALTH MANAGEMENT Essay Example | Topics and Well Written Essays - 3000 words

WEALTH MANAGEMENT - Essay Example The wealth of the business or investors will depend on the future cash flows that are expected from the investments. The decision makers should know the degree of risk associated with a given investment option that is to be taken. Various investors have different attitudes towards risk and they would want to invest in an efficient portfolio. An efficient portfolio refers to a portfolio that provides the highest returns than other portfolio at the same risk or least risk at the same level of return (GOEL, 2009). Every investor would want to maximize on the investment by diversifying any risks that may affect his/her income and should be able to achieve the highest rate of return. Wealth managers should develop proper strategies that can ensure income growth, reduce business risks and low tax rates. Portfolio theory has got certain limitations when used to analyze business risks. When we talk about risk, we refer to the unique consequences for any investment decision made which can be sorted out using probabilities. Business managers mostly would want to reduce risk to minimal levels based on the concept of diminishing marginal utility which says that as wealth grows, marginal utility declines at an increasing rate. There are various types of risks that must be considred when evaluating investment opportunities.the risks include: ii) The other aspect of risk that managers must look into is Financial risk which involves use of debt capital. This is increased by issuing more debts thereby incurring more fixed interest charges resulting into variability in net earnings iii) Portfolio risk investment can be reduced by significantly holding selected investments in a portfolio. This is called specific relevant risk because the element of risk should be considered by a well diversified risk. There are ways of measuring risks and these include : Scenario analysis which takes into consideration the effects of

Methodology Assignment Example | Topics and Well Written Essays - 3000 words

Methodology - Assignment Example All researchers base their work on philosophical assumptions. A researcher works within a parameter of socially influenced outlook, and there so the initial assumptions are always taken for granted. Generally speaking, philosophical assumption is deduction made by the researchers based on his previous knowledge and perspective of the concerned subject (Scotland, 2012). There are three kinds of philosophical assumptions that form the root of a research methodology. The structure of a research is consisted of ontology, epistemology, methodology, and methods (Scotland, 2012). Ontology can be defined as the study of a subject’s reality and deals with the question of â€Å"what is† (Scotland, 2012). The researcher needs to define his perspective concerning the subject based on its real form and implications (Scotland, 2012). Epistemology is concerned with knowledge that is collected from field research (Scotland, 2012). Epistemological assumptions are born from study of data that are collected and assimilated by the researcher (Scotland, 2012). It is an establishment of relation between the â€Å"would-be-knower and what can be known† (Scotland, 2012, p.9). The structure of a research is confined within ontological and epistemological assumptions. All the assumptions that are made by the researcher are based on guesswork (Scotland, 2012), and so the philosophical aspects of the research can never proven as completely true or false (Scotland, 2012). The ontological and epistemological assumptions differ with each research since each subject has its own definition of reality and therefore the research approach is also different. Methodology is the defined course of action which is reliant on the selected methods of research (Scotland, 2012). Therefore, methodology is the process and reasons of data collection and deduction (Scotland, 2012). Methodology is the manner in which the researcher confirms or refutes his

Obesity Essay Introduction Essay Example for Free

Obesity Essay Introduction Essay In the process of evolution, a human body has adapted to accumulate a supply of nutrients in the amount of food for expending it in conditions of forced absence or restriction of provision. This kind of evolutionary advantage allowed us to survive in difficult times. In ancient period, fatness was considered as a sign of well-being, prosperity, fertility, and health. An example is the sculpture of Venus of Willendorf, dated 22nd millennium BC. E. A careful attitude to own weight is a trend of the present time. The lifestyle of a modern person is often far from what doctors and elementary common sense recommend. Constant stress and inability to have a good rest lead to one of the simplest and cheapest ways to relax like absorption of high-calorie food. As a result, a wide-scale disease in megacities becomes obesity, but it can be prevented by conducting regular laboratory diagnostics. Obesity is a widespread illness, characterized by excessive development of adipose tissue. The problem frequently occurs with age, when motor activity decreases, and a number of vital body systems fail. The genesis of fatness is mostly caused by a violation of the balance between energy intake and its expenditure of the body. Excess calories, i.e. not consumed by an organism, are converted to grease, which accumulates in fat stores. We are talking about subcutaneous tissue, epiploon, abdominal wall, internal organs, etc. An increase in fat stores leads to addition in body weight and disruption of many systems. The basis of an appearance of primary obesity is an alimentary factor associated with an enhanced energy value of the diet at low energy costs. The mentioned type develops as an output of the predominance in a menu of carbohydrates and animal grease or disruption of dietary patterns, which often carries a family predisposition. Calories contained in fats contribute more to weight gain than those involved in proteins and carbohydrates. Hypodinamy significantly reduces an ability of muscles to oxidize grease. Secondary fatness accompanies such hereditary syndromes as Babinsky-Frohlichs disease, Gelino syndrome, Lawrence-Myan-Barde-Biddle syndrome, etc. Symptomatic obesity may also happen against a background of various cerebral lesions. Similar changes in eating behavior occur as a result of the violation of a hypothalamic-pituitary regulation, which is responsible for controlling behavioral responses. Their genesis is also facilitated by a number of factors, such as a low-activity lifestyle, genetically caused disorders of enzyme activity, errors in nature or dietary, some endocrine pathologies, stress, lack of sleep, and the use of psychotropic or hormonal drugs. Obesity’s presence within a certain patient entails the need for a number of laboratory tests necessary for finding out the reasons and an appointment of adequate therapy. Analyzes allow you to assess liver function, parameters of fat and carbohydrate metabolism, a state of the reproductive system, the functioning of the thyroid gland. Thus, every person suffering from fatness could have own motivation for weight loss: cosmetic effect, reducing the risk to health, improving efficiency, a desire to wear smaller clothes or a wish to look good. However, goals and its rates should be real and directed, first of all, to reduce dangers of obesity-related complications. With hereditary predisposition, at the age of 40 years, in conditions of hypodinamy, it needs to limit consumption of carbohydrates, fats, transit to the diet of protein and plant foods. For the prevention of obesity, a person with a normal weight is enough to spend calories and energy as much as he or she gets them during the day.

Economic Performance of Nigeria

Economic Performance of Nigeria CHAPTHER ONE 1.1 BACKGROUND OF STUDY One of the biggest challenges for oil-producing countries is how to use its oil wealth strategically to promote sustainable growth, for example, in Nigeria, the massive increase in oil revenue as an aftermath of the Middle-East war of 1973 created unprecedented, unexpected and unplanned wealth for Nigeria. Then began the dramatic shift of policies from a holistic approach to benchmarking them against the state of the oil sector. Now, in order to make the business environment conducive for new investments, the government began investing the newfound wealth in socio-economic infrastructure across the country, especially in the urban areas (Adedipe, 2007). Over the past three decades, gulf cooperation council (GCC) countries have generally followed procyclical fiscal policies to changes in oil revenue. Following the sharp increase in global oil prices in the 1970s and early 1980s, government spending in all these countries rose as fast as oil revenue through a massive public investment program in infrastructure, fiscal incentives to develop the industrial sector, and the adoption of a generous welfare system. Notwithstanding the increase in spending, sizable overall fiscal surpluses were recorded in all GCC countries during those years, leading to a sharp accumulation of official asset. The existence of large foreign official assets facilitated a relatively low level of adjustment in spending in the period 1980-86, when crude oil prices declined significantly. Concerns for sustaining domestic demand in order to stave off a sharp reduction in non-oil growth has usually militated against significant fiscal adjustment in the face of falling oil prices in GCC countries. Spending was only cut by the equivalent to about half the fall in total revenue in Saudi Arabia, 20 percent in the United Arab Emirates, and 10 percent in Qatar. Facilitated by the completion of major infrastructure investments, the cutbacks fell mostly on outlays for projects, while current expenditure rose in all these countries, except in Saudi Arabia. In Bahrain and Kuwait, spending continued to rise across the board. In c ontrast, in Oman, lower oil revenue was more than offset by higher investment income and fees and charges, leading to a further increase in expenditure in the period (Fasano, 2000). According to Piana (2001), Public expenditure is the value of goods and services bought by the State and its articulations. It plays four main roles: contributes to current effective demand, expresses a coordinated impulse on the economy which can be used for stabilization, business cycle inversion, and growth purposes, increases the public endowment of goods for everybody and gives rise to positive externalities to economy and society, the more so through its capital component. According to Ely and Wicker (2002), government expenditure can be classified into the following: The direct cost of national defence includes the pay and equipment of troops, and the cost of ships, and cannon, and ammunition, etc. The indirect cost is represented by the pension list, as well as by the great waste of resources and opportunities for labor in times of war, expenditures for internal security includes the cost of our police system in all its branches, and that of our judiciary system, since both of these are occupied almost wholly in securing persons and property from injury, expenditures for the poor and unfortunate, that is, every advanced government recognizes an obligation to extend relief to paupers, to the deaf, the blind, the insane, and the feeble-minded, who, from natural defects, are unable to hold their own in the struggle for existence, expenditures for fulfilling the commercial functions and expenditures for fulfilling the developmental function. All these cu mulate into improving the economic performance of a country. The economic performance of any nation is measured by the rate of growth of its gross domestic product (GDP). According to Piana (2001), public expenditure has an immediate impact on GDP. An increase of public expenditure raises GDP by the same amount, other things being equal. Moreover, since income is an important determinant of consumption, that increase of income will be followed by a rise in consumption: a positive feedback loop has been triggered between consumption and income, exactly as in the case of shocks in export, investment or autonomous consumption. In more microeconomic terms, public expenditure may be directed to consumer goods and thus substitute families expenditure, as with the case of health drugs. By contrast, in other cases, as with education, public expenditure may trigger further consumption (books and all the other goods whose consumption depend on culture levels). According to World Bank (2006), gross domestic product is the sum of gross value added by all resident producers in the economy plus any product taxes (fewer subsidies) not included in the valuation of output. It is calculated without deducting for depreciation of fabricated capital assets or for depletion and degradation of natural resources. 1.2 STATEMENT OF THE PROBLEM An economys growth is measured by the change in the volume of its output or in the real incomes of its residents (World Bank, 2006). Therefore, oil exporting countries are said to experience growth due to large influx of income or revenue derived from exports and an opportunity to increase public spending, but most oil exporting countries have poor public sector management, that is, they have had difficulty managing funds with rigid operational rules, as tensions have often surfaced in situations of significant exogenous changes or with shifting policy priorities. Earmarking the resources of oil funds for specific uses, and allowing extra budgetary spending by the funds can complicate fiscal and asset management and reduce efficiency in the allocation of resources. Transparency and accountability practices for funds differ across Organisation of Petroleum Exporting Countries (OPEC) (International Monetary Fund, 2007). This leads to fall backs in the real gross domestic income. This research hopes to show the relationship between revenue from oil exports, overall expenditure and changes in output levels in Nigeria. 1.3 SCOPE OF THE STUDY The scope of the study is on the economic performance of Nigeria. The data used will be obtained from the publication of statistical bulletin of Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Organisation of Petroleum Exporting Countries (OPEC). It covers the GDP relative to oil exports, public expenditure rates and value of oil exports. 1.4 RESEARCH QUESTIONS In the light of the above, this study is set to provide solutions to the following problems: what is the relationship between oil revenue and government expenditure, what is the relationship between oil revenue and economic performance, and does the way government spends affect the growth level of the country. 1.5 OBJECTIVES OF THE STUDY The main objective of the study is to show interrelationship between public expenditure, oil revenue and economic performance in Nigeria. The specific objectives are to: Investigate the effects of oil receipts to the performance of an economy; Highlight the relationship between oil receipts and public expenditures; and Show the significance of increasing public expenditures to growth of an economy. 1.6 RESEARCH HYPOTHESIS In line with the objectives stated above, the following hypothesis shall be tested: H0: there is no significant relationship between oil revenue and economic growth H1: there is a significant relationship between oil revenue and economic growth H0: there is no significant relationship between government expenditure and economic growth H1: there is a significant relationship between government expenditure and economic growth 1.7 SIGNIFICANCE OF THE STUDY This study is very important and paramount because of the importance of the subject matter on explaining the determinants of economic growth and development in Nigeria. 1.8 RESEARCH METHODOLOGY The study focuses on the relationship between oil revenue, public expenditure and economic performance in Nigeria and due to the nature of the study, secondary data will be used. To carry out an econometric analysis of the study, the Ordinary Least Square (OLS) estimating techniques will be used because it possesses a unique property of Best Linear Unbiased Estimator (BLUE) when compared to other estimating techniques. The OLS method also possesses the desirable properties of un-biasness, consistency, and efficiency. Other parametric tests (such as T-test, F-Test, Durbin-Watson, and others) would also be engaged as research instruments in providing detailed explanations to the results obtained with respect to the hypotheses afore stated. 1.9 SOURCES OF DATA As a result of the format of the research work, secondary data will be used. The data will be obtained from publications of International Monetary Fund, World Bank Development Data center, Statistical data of Central Banks, OPEC. 1.10 DEFINITION OF SOME TERMS Gross domestic product (GDP): the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output. International Monetary Fund (IMF): established to promote international monetary cooperation, facilitate the expansion and balanced growth of international trade, and promote exchange rate stability. The World Bank: established as a development bank, providing loans, policy advice, technical assistance, and knowledge sharing services to low- and middle-income countries to reduce poverty. Public Expenditure: is the value of goods and services bought by the State and its articulations. CHAPTER TWO LITERATURE REVIEW 2.1 INTRODUCTION The objective of this chapter is to examine theoretical and empirical literature on the determinants of economic growth and development in Nigeria through the relationship of oil revenue and public expenditure. To this end, the rest of this chapter is organized as follows: Section 2.2 focuses on the relationship between public expenditure, oil revenue and economic growth in other countries, such as, United Arab Emirates, Saudi Arabia, and Venezuela. Section 2.3 focuses on the relationship between public expenditure, oil revenue and economic growth in Nigeria. 2.2 PUBLIC EXPENDITURE, OIL REVENUE AND ECONOMIC GROWTH IN OTHER COUNTRIES Gulf Cooperation Council (GCC) countries have consistently recorded overall fiscal deficits since the early 1980s after oil prices peaked in 1979-81. In addition, with oil revenue accounting for about three-quarters of government revenue in most of these countries, fluctuations in crude oil prices have led to volatile revenue and swings in spending. Following the sharp increase in global oil prices in the 1970s and early 1980s, government spending in all these countries rose as fast as oil revenue through a massive public investment program in infrastructure, fiscal incentives to develop the industrial sector, and the adoption of a generous welfare system. The existence of large foreign official assets facilitated a relatively low level of adjustment in spending in the period 1980-86, when crude oil prices declined significantly. Concerns for sustaining domestic demand in order to stave off a sharp reduction in non-oil growth has usually militated against significant fiscal adjustment in the face of falling oil prices in GCC countries. Spending was only cut by the equivalent to about half the fall in total revenue in Saudi Arabia, 20 percent in the United Arab Emirates, and 10 percent in Qatar. Facilitated by the completion of major infrastructure investments, the cutbacks fell mostly on outlays for projects, while current expenditure rose in all these countries, except in Saudi Arabia. In Bahrain and Kuwait, spending continued to rise across the board. In contrast, in Oman, lower oil revenue was more than offset by higher investment income and fees and charges, leading to a further increase in expenditure in the period. According to Elhiraika and Hamed (2001), economic growth and development in the United Arab Emirate is as a result of government investment in physical and social infrastructure which helped to boost economic activity in general and private investment in specific, a stable macroeconomic environment, which is characterized by low inflation rates and semi-fixed exchange rate, and government policies, availability of capital and absence of restrictions on capital movement together with a high degree of openness opened the door for remarkable growth in foreign trade. With widely fluctuating and generally declining oil prices and revenues in the last two decades, the country has since the mid 1980s exerted notable efforts aimed at achieving economic diversification. These efforts have led to sustained investment in the non-oil sectors, especially in manufacturing and other sectors that are increasingly dominated by private capital. By the turn of the 1990s, non-oil exports and non-oil GDP have exceeded their respective oil counterparts for the first time since the oil evolution began. As a result, the UAE economy has been recently classified as the most relatively well diversified economy in the gulf region (Askari and Jaber, 1999) with an average real GDP growth rate of about 5% for the period 1975-1999. The period from the mid 1970s to the early 1980s was characterized by high growth performance. This was the period when the government directed the surpluses from high oil prices into the physical and social infrastructure. The period from around mid 1980s witnessed significant reduction in economic growth due to a sharp drop in oil prices. Subsequent government austerity measures were directed largely toward capital expenditure for two reasons. First, most of the basic infrastructure projects had by then been completed, and second, most of the current expenditure categories have become long term commitments. The gross domestic investment rate was 34.1% in the 1970s period, declined to 25.6% in the 1980s before rising to 29.5% in the 1990s period. The UAE average growth rate for the whole period is well above that achieved by other Gulf Cooperation Council countries. A notable aspect of domestic investment is the fact that although public investment continues to dominate, the share of private investment has generally been rising remarkably, especially in the 1990s period. Private investment rose from 6.6% of GDP in the 1975-85 period to 11.7% in 1996-98. Meanwhile, the share of petroleum investment in aggregate investment declined from the average of 36% in 1975-89 to 17.7% in 1990-98. While public investment is concentrated on infrastructure and services sector, most of private investment is in the services and real estate sectors. In explaining the private investment behavior in the UAE, Elhiraika and Hamed (2001:13) found that in the long-run, GDP has the largest stimulating influence, followed by bank credit to the private sector and a human capital development variable. The real lending rate and government investments are found to have strong but adverse effects on private investment. In the short-run, GDP, bank credit and investment in human capital still have positive but weak effects on private investment behavior, whereas the lending rate and government investment variables still have significant negative coefficients. The expansion of private investment, both domestic and foreign, is supported by the creation of industrial zones that provide a variety of facilities and services at attractive prices. Sharp rises in non-oil exports that jumped from the average of 19.8% of total exports in 1975-1985 to 61.5% in 1996-1998. By 1992, non-oil exports exceeded oil exports for the first time amounting to about 40% of GDP. The increases in exports are mainly due to re-export. The UAE is the third largest re-export center in the world, after Singapore and Hong Kong. Again liberal trade, absence of capital controls, exchange rate policy, low tariff rates and absence of income taxes may be considered as the major factors contributing to the expansion of the non-oil export sector. A major weakness of the non-oil export sector is the dominance of re-exports over exports. This reflects a rather weak domestic production base than what the trend of total exports suggests. Between 1982 and 1999, re-exports accounted for about 88% of total exports. The re-export sector is expected to face fierce competition from the free trade zones that are rapidly developing in the region, especially in Oman that has a relative advantage in terms of having seaports that are closer to major sea routes. Therefore, sustainable growth in the no-oil export sector would require increased domestic production of export goods. Increased investment in human capital has led to notable increases in the primary and secondary school enrollment ratios, from less than 40% in the 1970s to about 80% in the 1990s. Besides the increased education of the local labor force, educated foreign labor is easily accessible given the relatively high wages paid in the UAE compared to other labor surplus countries in the Middle East and Asia. Immigrant labor accounts for about 70% of the labor force in the country and are generally better educated than the local population. In spite of high fluctuations in oil price and revenue that lead to similar, though smaller fluctuations in real GDP, the UAE economy remained remarkably stable in terms of inflation rates and the exchange rate. Since 1981, the UAE dirham has been fully pegged to the US$ at the rate of 3.67 and the inflation rate never exceeded the average of 2.5% over the period considered. It is believed that because oil is priced in US dollars and because the UAE has huge investments in the US the benefits from the peg in terms of economic stability and reduced macroeconomic uncertainty is greater than the cost arising from inability to use exchange rate policy to promote domestic investment and international competitiveness. There is no hard statistics to support or negate this argument. Since the turn of the 1990s, the consolidated budget (including the federal government and emirates governments) has experienced sustained deficits. According to Hamed and Elhiraika (2001), The UAE government does not rely on fiscal policy tools in achieving macroeconomic stability. Rather it relies mainly on monetary policy tools, particularly the link between the Dirham and the U.S. dollar, to maintain macroeconomic stability, and that the governments of the dominant emirates finance their budget deficits by drawing down their own abundant overseas assets, thereby eliminating inflationary pressures, and avoiding crowding out of private sector activities. This suggests the absence of any important link between macroeconomic performance and the budget deficits, but government spending undoubtedly stimulates private economic activity. According to Siddiqi (1999), in Saudi Arabia, the hydrocarbon sector contributes over 40 percent of the Saudi GDP, and generates 80 percent of government revenues and total export earnings respectively. The slump in oil revenues by over a third in 1998 has led to ballooning twin deficits on the balance of payments and budget, amid a general slowdown in government and consumer spending, as well as falls in fixed investment in the non-oil private sector. The economy, after expanding in 1996-97, may experience a negative growth in nominal GDP for the first time in five years. However, the IMF projects a real GDP growth of 0.4 percent, compared with 2.7 percent in 1997. Total earnings of Saudi banks in the year to September rose 11 percent. This indicates that the business sector after two years of higher liquidity remains in a relatively sound position. But a sustained weakening of world oil prices will sooner or later have deflationary effects on key economic sub-sectors. The economy has benefited from a subdued inflationary environment with consumer price increases averaging only 1.4 percent annually from 1990-98. Zero inflation, projected in 1998, reflects slowing domestic demand, lower non-fuel commodity prices, and cheap Asian imports. A stable/firmer Saudi Riyal (SR) has contained imported inflation. The Washington-based Petroleum Finance Corporation (PFC) projects a budget deficit in 1998 of SR50 billion, or 10 percent of GDP, the highest in a decade, compared to a low of SR6 billion in 1997. As a result, a mildly tighter fiscal policy is now in place; public sector recruitment and salaries are frozen and all ministries have been ordered to curtail spending by 10 percent. Some capital projects and military programmes have either been scaled-down or postponed and the payments period on state contracts has been extended to six months. The government has implemented measures for dealing with revenue shortfall and to cushion the impact on the kingdoms indigen ous 12 million plus population. Government spending a key determinant of business confidence has been sustained by issuing Saudi Special Government Bonds (SSGBs), worth about SR14 billion in the year to October. These SSGBs can be sold by contractors to local banks at a discount. The kingdoms domestic debt, already exceeding 100 per cent of GDP, has increased further because of increasing issuance of Development Bonds and Treasury bills mainly to banks and state pension/social security funds. The well-capitalised Saudi banking sector, with a capital asset ratio of 11.4 percent, is strongly-positioned to meet credit demands from state and private sectors. Analysts say about SR19 billion of shortfall can be covered by domestic borrowing and cutting public expenditure (mostly on defence). In Venezuela, the first commercial drilling for oil occurred in 1917 and by 1928; it was a leading exporter of oil (United States Library of Congress, 82). During this period Venezuela can be characterized as a dictatorship. By 1930, oil represented 90% of the export revenue in Venezuela. In 1948 a fifty percent royalty rate was introduced. This royalty rate revenue was to be used in sowing the oil to stimulate agriculture primarily and later industry. Prior to oil the coffee industry had been the main export in Venezuela. Oil revenues had clearly taken first place in Venezuela however the countrys people remained relatively poor. A democratic government took power in 1958 and swiftly intervened in the economy using the oil revenues. In 1960 the government made two significant movements; it began to create regional development corporations to decentralize planning and it became one of the founding members of OPEC. Throughout the 1960s Venezuela spent money on education, health, elect ricity, portable water, and other basic projects. This led to a 25% increase in per capita income by 1973. However when the world price of oil soared during the seventies and so did the Venezuelan governments spending. In the years between 1973 and 1979 the government spent more than it had since its independence in 1830. The oil industry was nationalized in 1976. Government spending steadily increased because of increased surges in oil revenue. Negative growth rates characterized Venezuela during 1980-1982. By 1983 oil revenues could no longer support the spending on government subsidies, price controls, exchange-rate losses, and the operations of more than 400 public institutions. In 1983 the government attempted to reform the economic downturn through devaluations of the currency and a multi-tier exchange-rate system. However, this did little to stall the impending crisis and the 50% reduction in the price of oil in 1986 did nothing to help the situation. In 1989 the IMF stepped in with loans and the price increases related to the reforms necessary for the loans caused rioting and the worst violence the country had seen since it became a democracy. The increase in the price of oil in the 1970s caused Venezuela to be affected negatively although its peak oil production point had already been reached in 1970. Because of the increase in the price of oil the government relied completely on oil revenue and like Mexico, was reluctant to take steps to prevent a crisis. The IMF had to impose the increases in domestic prices necessary to complete the cycle that played out. Protectionism through government subsidies and spending held domestic prices low enough to remain competitive imports. In this sense Venezuela was escaping Dutch Disease. However, these prices were supported not through true market value but through borrowing and extra revenue. As soon as those avenues shut down so did the governments ability to control domestic prices. The sudden jump in prices imposed by the IMF caused a recession so severe that rioting was induced. Another case of the lack of value-added industry creation led to the eventual downfall of an economy given the opportunity to grow. Bourguignon and Gelb (1988) suggest that the stagnation of the Venezuelan economy started after 1978, coinciding with the second oil shock in 1979. According to their calculations, the non-oil sector did not seem to gain from the 1970s windfall. They further argue that inappropriate economic policies resulted in steep declines in private investment and massive capital flight. Combined with a large upsurge in consumption during the decade of revenue windfall, these effects meant that Venezuela was subject to severe internal and external imbalances that ultimately lead to its decline in economic performance. 2.3 PUBLIC EXPENDITURE, OIL REVENUE AND ECONOMIC GROWTH IN NIGERIA According to Adedipe (2004), by the time Nigeria became politically independent in October 1960, agriculture was the dominant sector of the economy, contributing about 70% of the Gross Domestic Product (GDP), employing about the same percentage of the working population, and accounting for about 90% of foreign earnings and Federal Government revenue. The early period of post-independence up until mid-1970s saw a rapid growth of industrial capacity and output, as the contribution of the manufacturing sector to GDP rose from 4.8% to 8.2%. This pattern changed when oil suddenly became of strategic importance to the world economy through its supply-price nexus, Crude oil was first discovered in commercial quantities in Nigeria in 1956, while actual production started in 1958. It became the dominant resource in the mid-1970s. On-shore oil exploration accounts for about 65% of total production and it is found mainly in the swampy areas of the Niger Delta, while the remaining 35% represents offshore production and involves drilling for oil in the deep waters of the continental shelf. Nigeria has proven reserves of about 32 billion barrels of predominantly low sulphur light crude, which at current rate of exploitation could last another 38 years. The intention is to expand the reserves to 40 billion barrels and production capacity to 4 million barrels per day (mbd). The massive increase in oil revenue as an aftermath of the Middle-East war of 1973 created unprecedented, unexpected and unplanned wealth for Nigeria. Then began the dramatic shift of policies from a holistic approach to benchmarking them against the state of the oil sector. Now, in order to make the business environment conducive for new investments, the government began investing the newfound wealth in socio-economic infrastructure across the country, especially in the urban areas. As well, the services sector grew. This shows that as government increased as a result of increases from oil, government expe nditure also increased. The Nigerian labour market has been characterized by high rate of unemployment, low wage and poor working conditions. This unwholesome situation evolved after the oil boom of the 1970s and remained so till date. Prior to the oil boom, the Nigerian economy was largely agrarian and about 70% of the working population was engaged in agricultural activities in the rural areas. Wage rates were also comparable to international standards and the average Nigerian worker could afford decent living. In the 1960ies, the emphasis of employment policies was that of shifting labour from the agricultural sector to the manufacturing sector. This appeared to be the natural path of economic growth and development, following the experienced of the developed countries. However, the Nigerian peculiarities of land tenure system, tenancy and the very rudimentary processes of farming made it extremely difficult to deploy substantially advance technology in the sector. Moreover, at that time economic policie s concentrated more on the development of the manufacturing sector, under the much touted import-substitution strategy. Rather, labour moved from the agricultural sector to the services sector, with little productivity gains. Both agriculture and manufacturing lost out. The oil boom started the rural-urban drift of the population, depleting the rural population and adversely affecting agricultural output. Rising revenue profile of Governments created the illusion that job creation is a primary function of the public sector. Nigerian Governments embarked on ambitious expansion programmes in secondary and tertiary education. Quality research could be conducted, as adequate funding support was available. Education was strictly treated as a social service, which should be provided at little or no cost to the beneficiaries as a matter of right. This mindset precipitated the crisis of 1978, when the Federal Government introduced tuition fees in its universities. The decrease in oil revenue affected funding of tertiary education, necessitating a policy shift that has been difficult for the operators of the system to come to terms with. Attempts to raise fees are being resisted, while the private sector funding support that could lessen the burden is not forthcoming. In particular, the curriculum design of many of the institutions is dated and not so relevant to the needs of prospective employers. Most of the products therefore, end up in the labour market and have difficulty securing jobs because they need further training to be able to fit properly into the corporate world. The weak economy itself choked out several business enterprises and curtailed employment opportunities. Staff retr enchment became pervasive, starting first in the private sector and later the public sector. CHAPTER THREE THEORETICAL FRAMEWORK AND METHODOLOGY 3.1 INTRODUCTION In previous chapters of this study, we looked at how the relationship between public expenditure and oil revenue affect growth in Nigeria and other oil exporting countries. Based on these reviews, one would know the level of importance attached to them, being an important macroeconomic issue that affects the pace of growth and development of an economy. Therefore, in this chapter of the study, we shall be looking at the various theories of the subject matter as propounded by different schools of thought. We shall be placing oil revenue and public expenditure in a functional relationship to see their level of significance to economic performance of Nigeria. To this end, this chapter is divided into the following sections. Section 3.1 is the introductory part while 3.2 focuses on the theoretical background, 3.3 focuses on methodology while 3.4 is concerned with the sources of data and the type of data used in the study. Section 3.5 is concerned with the estimation technique of the model that shall be stated in the study. 3.2 THEORETICAL BACKGROUND In this part three different models of economic growth will be introduced, Solows neo-classical theory, endogenous growth model and Harrod-Domar model. 3.2.1 Solows Neo-classical Theory The Solow theory believes that