Competition

main characteristics of other industrialized nations health care systems is a strong government involvement in regulating costs. Such federalization flies in the face of the American idea that our best interests are always served best by market competition. A single-payer system is not something U.S. citizens are ready to accept (Warner, 2008). There are several problems with the current market based approach, not the least of which is that the United States health care economy, while the most…

people do not realize we are actually exposed to sexism the moment we are born. When first born if you are a girl you get a pink beanie and if you are a boy you get a blue beanie. I recall in my childhood the boys versus girls, it would always be a competition between boys and girls to determine who was better. It is an innocent game played by children. Sadly, even nowadays we still are experiencing sexism. The little terms like “men are all dogs” or “women are all sneaky” are just a couple…

What defines an idealistic society? It could be where everyone is accepted, there are no social classes, or where no one is homeless or has to think about their next meal. In contrary, what defines a dystopian society? Kurt Vonnegut’s short story, Harrison Bergeron illustrates a dystopian society with total equality. The government achieves this status by authorizing handicaps for the citizens ensuring that nobody is smarter, better looking, or more athletic than anybody else, thus accomplishing…

According to Ronald Coase, founder of the Coase Theorem; the Coase Theorem is a theory in legal and economics that affirms that when there are complete competitive markets with no transaction costs, an efficient set of inputs and outputs to and from production-optimal distribution is selected regardless of how property rights are divided. In addition to that, according to Investopedia, “the Coase theorem asserts that when property rights are involved, parties naturally follow the most efficient…

A business owner, Maurice has decided to retire and sell his restaurant named “Tasty Burger” to a gentleman named Todd. Todd and Maurice have set up a five-year covenant not to compete agreement that prohibits Maurice from opening a similar business within a 25-mile radius of Tasty Burger. The covenant was appropriately drafted and implemented through both parties. Non-competing Clause Normally government views agreements that violate the greater good of the people, damaging to a community’s…

Giddy toddlers, stressed out parents, and a flock of 8,000 teenagers in suits. This was the scene when I traveled to Orlando for DECA’s International Competition. One afternoon my group of friends and I had about eight hours to spare. We decided to go to the magical world of Disney. However, traveling with four teenage boys with no sense of direction and the maturity level of a 5-year-old was anything but magical. As I was attempting to herd these boys like sheep to get to into the line to Space…

Paid Media v.s Owned Media With many things in life, you can earn your own way or pay your own way. Your marketing media channels are no different. Many will debate the advantages of Owned media vs. Paid media but the fact is that both are terrific ways of marketing your business, and each has its own place. Let's look at the differences and benefits of both. Simply put, Paid media is attention brought to your business, products or services directly through advertising that you paid for.…

1. Why are most construction companies small in size? Based on the explanation given in previous lectures of COSC 620 course. The size of construction companies is based on the theory of ‘Economies of Scale’. The concept of ‘Economies of Scale’ is originated from microeconomics, which states that there are more advantages for organizations/enterprises to run at a larger scale to minimize the impact of risk and spread out overheads/cost overruns. For example a smaller company handling less…

“Monsanto’s Harvest of fear” Analysis Monopolizing on a certain product is a business practice that has been used for decades. While this practice is extremely beneficial to those who succeed in doing it, it is simultaneously harmful to every other business owner, usually smaller franchises, in the same line of work. While the one large business continues to profit, the smaller business owners usually go out of business or, if they’re lucky, loses an extremely large percentage of their sales.…

The neoclassical economic approach assumes that working time is perceived in terms of time allocation and related choices taken by a rational actor with regards to the consumption of time. Thereby, time is considered as a scarce resource, as a day is limited to 24 hours and therefore the main aim of the rational actors is to achieve a maximization of personal time utility (Sirianny & Negrey, 2000). This implies that the actors act in order to achieve their individual preferences and this…