Wednesday, October 30, 2019
Leadership (Bill Gates) Term Paper Example | Topics and Well Written Essays - 1500 words
Leadership (Bill Gates) - Term Paper Example He can singularly be credited with launching the personal computer revolution that has helped billions of people to acquire personal computers and also changed the settings of the business world. Microsoft is today a very big corporation that employs more than 71,000 people in different facilities all over the world. Gates has for a long time functioned as the Chief Software Architect as well as Microsoftââ¬â¢s CEO (Strother, 2010). Transformational leadership helps companies to form different ideas which are then implemented. The corporate resources are injected into research to form more cutting-edge products. Transformational leaders usually have personal characteristics that assist them to inspire these type of changes in organizations (Mullins,à 2010). Bill Gates, for instance, is known to be an aggressive, charismatic, and knowledgeable man who is also a visionary and an introvert. His original vision was to ensure that every home would have at least one personal computer. To this day, Bill Gates goes annually to Washingtonââ¬â¢s Hood Canal to come up with ideas about how to continue with the transformation of Microsoft. Microsoft employees are at this time encouraged to submit proposals of how they think the company can benefit from new services or products (Strother, 2010). If Bill Gates is impressed with any of these ideas, he returns to the Microsoft headquarters at Redman to develop the idea further. Due to practices such as these, Microsoft still maintains a strong vitality that has seen it continuously create innovative products. Microsoft has several research institutions; each of which are unique. It also has a suggestion box that allows employees to give their suggestions as well as recommendations to its managing directors. Bill Gates uses participative as well as delegative leadership styles to engage his employees. He has in the past allowed Microsoftââ¬â¢s research teams to freely create the
Monday, October 28, 2019
Should Gays Be Allowed to Marry Essay Example for Free
Should Gays Be Allowed to Marry Essay Marriage: a legally recognized relationship, established by civil or religious ceremony, between two people who intend to live together as sexual and domestic partners. Typically this is between a man and a woman, in love, as they come before their families, to pledge to spend the rest of their lives together. As times continue to evolve around the world so has the idea and laws concerning marriage. Marriage is no longer just about a man and a woman committing themselves to each other for life, it now encompasses, gay and lesbians as well, as they pledge to love, honor, and trust each other all the days of their lives. This argumentative essay will explore logically both sides of the debate on whether gays and lesbians should be extended the same rights of marriage as heterosexuals have. Marriage and Heterosexuals The purpose of marriage has always been to join a man and a woman in matrimony so they can start and raise a family naturally. Marriage has occurred since the beginning of time in every culture. You meet, fall in love, get married and have babies. This belief of the 1950ââ¬â¢s style marriage is how many young people see and view how they are supposed to live their adult lives. Marriage is a sacred act that a man and woman shares in front of their families, pledging their unending love for each other promising to cherish and keep only unto them as long as they both shall live. The Catholic Church teaches that marriage can only exist between a man and a woman. Catholism teaches us that ââ¬Å"Marriage is a union of male and female that expresses the sexually complementarily willed belief of God for their marriage,â⬠and see the natural structure of human sexuality between a man and a woman saying that they complement each other in expressing conjugal love and transmitting human life. This unique complement is what makes the bond of marriage the core of unity. The concept of marriage as a ââ¬Å"sacred institutionâ⬠is a modern fallacy. Because marriage is constantly evolving and changing the modern concept of marriage is evolving as well. Marriage is becoming more about commitment and less about creating families. In todayââ¬â¢s society more and more married couples are chosing not to start families and are using their union as a committed state as a platform to evolve their career. Marriage and Homosexuals The issues of whether or not one should believe that gays should marry, is a hot controversy across the United States today in political and religious forums. 100 years ago as the human race started drastically changing everything about what we thought that we knew, started to evolve into new territories as well. No longer are we the human species of traditional hunter- gatherers we have evolved into a species of high tech industrialist who want to be able to decide everything.. These changes are not the only oneââ¬â¢s taking place. We now find ourselves on the turntable of marriage as well. What actually defines a marriage? Does it have to only be about a male and a female? No longer do we have to stay in marriages when we were miserable, or our spouse is being unfaithful. We have separation and divorce. With all these changes we are now starting to look at accepting same sex marriages, or domestic partnerships, in the same piece of mind. So letââ¬â¢s take a look at what makes up these marriages and partnerships and then you can decide if you really canââ¬â¢t support something that you once didnââ¬â¢t really think you could. Domestic Partnerships Domestic Partnership has been around for years. While some think of domestic partnerships as a man and a woman, others think of domestic partnerships as a homosexual couple, (man and man or woman and woman) living together raising families. The idea that people can co habitat a space, without having a piece of paper from the state saying they are ââ¬Å"MARRIEDâ⬠, has become popular especially amongst the homosexual community. Once something that was thought to be shamed upon is now considered the norm. With marriage come legal obligations and rights that Domestic Partnership does not offer. In marriage if you decide you no longer want be with your spouse you can separate, and or divorce. When this happens, a judge decides how he or she will divide your property, assets, and they set up custody arrangements. In domestic partnerships there are no legal rights that automatically come when you move in together. Because of legal loop hole, many domestic partners are chosing to draw up legal contracts. These legal contracts say who gets what when it comes to assets, property, children, and in some cases names who gets to say what happens to them in emergencies. These legal contracts are saving millions of domestic partners when their domestic partnership falls apart. Same Sex Marriage Same sex marriage, marriage amongst two people from the same biological sex or gender identity. Same sex marriages can be performed in a secular civil ceremony or in a religious setting are endorsed and practiced by various religious groups around the world. In the United States same-sex couples living in Massachusetts, California, Connecticut, the District of Columbia, Hawaii, Illinois, Iowa, Nevada, New Hampshire, New Jersey, New York, Oregon, Rhode Island, Vermont, and Washington state can now legally decide if they believe that marriage is what they want to enter into. Before consenting into marriage as a same sex couple one must first think about a few issues about how they want to structure theyââ¬â¢re union. Having children, jointly owning property, splitting up property, formalities such as taxes or divorce, government benefits, and immigration are things that any couple should think of when they decide to marry. For gays and lesbians these questions require more thought that they would if you are heterosexual. One topic more than others is children. If one partner in the same sex marriage is the parent does the other partner automatically get custody if that partner dies? Some would think yes but not in all cases. For most if one partner has a child they have no legal rights to the child. They therefore must go to court and legally adopt the child. Should homosexuals be allowed to marry? Yes. I believe that with all the changes that our country has went through over the past one hundred years I believe that giving everyone the same rights should include giving homosexuals the right to get married. I do not see why that if you love someone that you should not be allowed to get married. Ethical Issues and Ethical Problems The ethical issues and ethical problems of gays being allowed to marry are principally related to religion and the media. Legally whether or not homosexuals are allowed to marry or not is more of an issue that ethical. In the United States laws concerning whether or not gays should marry has come under ramification recently as Constitutional laws are changing. As homosexuals continue to fight for the same rights as heterosexuals I believe that constitutional laws will continue to overshadow ethical issues. Conclusion With every scrutanty that homosexuals face why do they want the continue to risk everything to get married? Marriage: a legally recognized relationship, established by civil or religious ceremony, between two people who intend to live together as sexual and domestic partners. In this argumentative essay I explored logically both sides of the debate on whether gays and lesbians, and domestic partners, should be extended the same rights of marriage as heterosexuals have. Marriage by definition does not state that it has to be between a man and a woman. It does state that they must live together sexually and domestically. I believe that in this paper I have shown that same sex couples domestically and sexually qualify for this union. I believe that no matter what someoneââ¬â¢s gender is they should be allowed to stand in front of God and their families and announce to the world that they love each other and are committing each other for live.
Saturday, October 26, 2019
The first time Jane and Mr Bingley meet, the air is filled with promise :: Free Essay Writer
The first time Jane and Mr Bingley meet, the air is filled with promise and romance. It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife. There are many women and men in this world that state that they donââ¬â¢t need bind in holy matrimony in order to feel complete or happy about their lives. Obviously, these women and men donââ¬â¢t live in the world of Pride and Prejudice. Even the opening line declares a subtle truth so well that it get you thinking. At first one sees it as an ironic statement trying to open the bookââ¬â¢s comedic and love-related atmosphere. However as one digs deeper you see there is more to this line than what meets the eye. This sentence can sum up the goal of many women in this novel who are in search of a single man in possession of a good fortune such as Ms Lucas, as it does sum up the plot in many ways. As it states that men must be in want of a wife, it subtly hints that the women in the novel are most likely looking or are in desperate need of a [wealthy] husband. This line also sets out little hints as to who are these men in search of these women? If one reads on the same page as this line is printed on, one notes that Mr Bingley, who has just recently moved into Netherfield, is one of those men "Why, my dear, you must know, Mrs. Long says that Netherfield is taken by a young man of large fortune from the north of Englandâ⬠¦ . This quote states that Mr Bingley is a man of large fortune which is similar to good fortune, in fact even better. The meeting of each new male central character is attached to a descriptive sentence of his wealth and background. As we read along the novel we see that most of the women in the novel notice this wealth and also notice that these men are in fact looking after wives to wed and share their life with. The first time Jane and Mr Bingley meet, the air is filled with promise and romance. They can be referred back to this opening line of that he is looking for mutual affection in his life. There is a lot of truth behind this quote which sums up the behaviours of most of the male characters in the book; with the slight exception of Darcy who doesnââ¬â¢t seek love though is surprisingly revealed to it.
Thursday, October 24, 2019
Assignment – Job Fair Brochure Paper
Management always encourages our employees to work hard, be creative, be responsible, positive, be respectful of other employees and management, and to always be team-players. These traits never go unnoticed or unrewarded, Employees are evaluated every six months and given appropriate bonuses for going above and beyond the Mullen In an annual basis. Additionally, our employees enjoy two weeks of vacation pay, an employee stock purchase program, 401 k with company match, and excellent health and dental insurance.The management team at ââ¬Å"Xâ⬠always keeps the door open for employees to share new ideas, concerns or problems with them. These meetings always remain private so that employees know they are in good hands. Structure: Our company is divided Into deferent departments or functions in which there is a lead or manager in charge of each function that reports to the Site Manager, owner and the founder of ââ¬Å"Xâ⬠, Mr.. BBC. First, there are manufacturing operators wh o are In charge of manufacturing each piece before It Is sent to the customer.These operators work together from start to finish, each with specific duties that must be done before their work is passed on to the next person. The QUA supervisor inspects each finished piece to be sure it is correct and then they sign off once it is approved. Then the finished pieces are either delivered directly to the customers' via ground transportation or air depending on their location, or taken to the storage area where it is stored to maintain the stock with safe quantities to fulfill customer's demand.On the sales department, sales personnel are in charge of handling customer's emails or alls and help them to prepare their custom orders. The sales people are in charge of customer satisfaction, sales, prepare custom orders, and passing on custom orders to the designers to prepare the molds for them. The sales manager oversees all of these functions very closely. Managers from all areas meet toge ther daily to report to one another and to be sure work Is being done In the most efficient manner. All managers are expected to keep the site manager Informed of any Issue and they report to him almost daily.Business Model: In order for the company to sustain and generate revenue, ââ¬Å"Xâ⬠believes in creating high-quality recycled paper products that our customers need and we make every attempt to keep our prices competitive. We offer custom-made products for our customers to ensure they are getting exactly what they want; guaranteed. We strive to keep the price of all supplies the company buys low, by negotiating with the same suppliers we have worked with since day one. Our suppliers are only twenty miles from our warehouse therefore; we do not pay high prices for shipping and handling.We never compromise on product quality, and our customers are aware of it. Our advertising is done by our marketing department but mostly for our international customers. Locally, word of m outh by our satisfied customers is the primary way of marketing, so this saves our company on advertising every year. Employees are competent and well-trained and they work together in creating these products and are trusted to be responsible and efficient at all times. They are encouraged to share new ideas that may increase sales and company profitability and are rewarded accordingly.Our employees have very satisfying and rewarding careers therefore; our employee turn around rate remains very low. How will these choices impact my business? Here at ââ¬Å"Xâ⬠we believe that a strong, healthy, tight knit crew is the key to the company success. Each function has strong communication among and between them, for that reason; there are few sporadic issues of miscommunication. We believe that our customers are the key to keep us alive as a company and to our success thus, we make every effort to keep them satisfied.
Wednesday, October 23, 2019
Common Law Assignment
Jessie statement made to Ian that he is happy to ââ¬Ëlet go' of his car with the wording he has used has the potential to aka the situation somewhat ambiguous, Jessie true intentions are unclear. The statement is not definite and lacks sufficient finality for the statement to be classed as an offer. Although his wording is uncertain the courts will also look at what context the statement was made and because Ian did state he wanted to ââ¬Ëbuy a car for his daughter then the statement can be argued both ways.Jessie then invited Ian to his home to look at the car although there is still no conversation about the sale of the car. This offer doesn't have terms that are clear and final and therefore the requirement off valid offer has not been satisfied. It's important in deciding if valid acceptance has occurred to acknowledge that acceptance must be clear, absolute and identical to the terms in this case Ian in not having full knowledge of the terms has accepted without full knowl edge of the offer.He did not communicate acceptance to the offer Jessie. Ian in his actions of the visit to Jessie house to look at the car and his daughter taking full possession of the car cannot be seen as valid acceptance as Ian acted in ignorance of the offer Question 1 B Ian and Jessie at no point stated that they had any intention to enter into any binding agreement to create legal relations.The court will apply two tests the commercial presumption and the social and domestic presumption to determine if the parties had intended to create legal relations The language used by Ian in this case from the first discussion regarding the car, to the discussion regarding the ââ¬ËMarket Value' seemed somewhat of a social nature rather than a commercial arrangement.Jessie at no point made any indication to Ian regarding a legally binding agreement and he at no point made any suggestion's to Ian that he was selling his car the court could el in favor of the social domestic presumption this was simply an arrangement between friends no intention to create legal relations have been satisfied Question Nan's consideration for the car is too vague and could be seen to be too affected by uncertainty due to there being at no point any talk of a sale or payment.Ian could not have provided good consideration in this case; it's unclear whether he provided consideration at all because an agreement has not been reached by both parties. A mere discussion between friends on the Market value of the car in question could not be seen as valid consideration. Question ID There is no valid contract between Jessie and Ian because all elements of a contract have not been satisfied at this stage.The terms are to ambiguous and unclear to come to a conclusion as to what the terms may have been as Jessie use of wording ââ¬ËLet go' of the car and further discussions with Ian are not certain. The courts may apply the six rules to help determine whether a contract exists or the certainty of the terms if there to be a contract. The terms in this case would be seen as Illusory and therefore the court would not enforces or recognize the terms as being a valid interact. 11.Assuming the courts did find in favor of the commercial presumption and other elements were satisfied the discussion regarding the market value of the car could be seen as a term to pay $3500 for the Toyota Corolla while Stephanie Nan's daughter takes first possession of the car. Question 2 Bryan can argue on the basis of lack of capacity as a minor and the contract can be void because it's not a contract for necessaries. Although he would have to prove that it's a luxury not a necessaries and it would be up to the courts to decide given his lifestyle and current circumstances 2. Common Law Assignment The issue is it's unclear whether Jessie is making an offer to sell or an offer simply as a gift as they have been friends for 15 years. In order to determine if a valid offer has been made application of the objective test would be applied . Would a reasonable person in these circumstances believe there to be a valid offer and what is the relative importance of the statement to each party?Jessie statement made to Ian that he is happy to ââ¬Ëlet go' of his car with the wording he has used has the potential to aka the situation somewhat ambiguous, Jessie true intentions are unclear. The statement is not definite and lacks sufficient finality for the statement to be classed as an offer. Although his wording is uncertain the courts will also look at what context the statement was made and because Ian did state he wanted to ââ¬Ëbuy a car for his daughter then the statement can be argued both ways.Jessie then invited Ian to his home to look at the car although there is still no conv ersation about the sale of the car. This offer doesn't have terms that are clear and final and therefore the requirement of a valid offer has not been satisfied. It's important in deciding if valid acceptance has occurred to acknowledge that acceptance must be clear, absolute and identical to the terms in this case Ian in not having full knowledge of the terms has accepted without full knowledge of the offer.He did not communicate acceptance to the offer Jessie. Ian in his actions of the visit to Jessie house to look at the car and his daughter taking full possession of the car cannot be seen as valid acceptance as Ian acted in ignorance of the offer Question 1 B Ian and Jessie at no point stated that they had any intention to enter into any binding agreement to create legal relations.The court will apply two tests the commercial presumption and the social and domestic presumption to determine if the parties had intended to create legal relations The language used by Ian in this cas e from the first discussion regarding the car, to the discussion regarding the ââ¬ËMarket Value' seemed somewhat of a social nature rather than a commercial arrangement.Jessie at no point made any indication to Ian regarding a legally binding agreement and he at no point made any suggestion's to Ian that he was selling his car the court could ale in favor of the social domestic presumption this was simply an arrangement between friends no intention to create legal relations have been satisfied Question Nan's consideration for the car is too vague and could be seen to be too affected by uncertainty due to there being at no point any talk of a sale or payment.Ian could not have provided good consideration in this case; it's unclear whether he provided consideration at all because an agreement has not been reached by both parties. A mere discussion between friends on the Market value of the car in question could not be seen as valid consideration. Question ID There is no valid contr act between Jessie and Ian because all elements of a contract have not been satisfied at this stage.The terms are to ambiguous and unclear to come to a conclusion as to what the terms may have been as Jessie use of wording ââ¬ËLet go' of the car and further discussions with Ian are not certain. The courts may apply the six rules to help determine whether a contract exists or the certainty of the terms if there to be a contract. The terms in this case would be seen as Illusory and therefore the court would not enforces or recognize the terms as being a valid interact. 11.Assuming the courts did find in favor of the commercial presumption and other elements were satisfied the discussion regarding the market value of the car could be seen as a term to pay $3500 for the Toyota Corolla while Stephanie Nan's daughter takes first possession of the car. Question 2 Bryan can argue on the basis of lack of capacity as a minor and the contract can be void because it's not a contract for nece ssaries. Although he would have to prove that it's a luxury not a necessaries and it would be up to the courts to decide given his lifestyle and current circumstances 2.
Tuesday, October 22, 2019
buy custom Combating Compassion Fatigue essay
buy custom Combating Compassion Fatigue essay A lot of care, given to patients, can be hurting to caregivers. When caregivers turn their focus on other people without practicing self-care, disparaging behaviors can result. Loneliness, apathy, substance abuse and bottled up emotions are among the many symptoms, linked with the secondary shocking stress disorder, now referred to as compassion fatigue. It is obvious that compassion fatigue causes suffering and pain. All the same, learning to identify and deal with the symptoms of compassion fatigue is the first move towards healing (Chen et al., 2009). Caregivers need to be aware of real, sustainable self-care and help organizations in their objective of offering compassionate and healthy care to the people being served. There are quite a number of warning signs for the concepts of compassion fatigue. Undoubtedly, there comes a time, when there are thoughts coming repeatedly into the head and becoming difficult to put them out (Bush, 2009). There is a feeling of irritation and boredom. These are some of the behavioral signs. Nevertheless, there is possibly the absence of a feeling about the satisfaction of the work a person does. There is a feeling that such satisfaction is not there and that it is not in balance. There appears to be no correlation between the energy put out and the benefits, coming as a result. The following can be regarded as the major concepts of compassion fatigue: Secondary Traumatic Stress (STS), burnout, emotional contagion, vicarious traumatization and traumatic counter-transference. Secondary Traumatic Stress (STS) is the most parallel concept to compassion fatigue and can be used to define it. STS is basically a set of emotional and psychological factors through a specific occurrence or a series of occurrences, affecting the caregivers indirectly. While STS is assisting an individual in harms way, primary traumatic stress takes place, when a person is in harms way. STS is nearly similar to Post-Traumatic Stress Disorder (PTSD), even though PTSD usually takes place, when an individual is directly traumatized. For caregivers coming back from a warfare surrounding, the threat of individual harm and exposure to injury for others shows connection to PTSD. Burnout, on the other hand, is also another concept of compassion fatigue. Burnout can be defined as the state of emotional, mental and physical exhaustion that is a result of lasting involvement in situations that are very much demanding on emotional matters. All the same, burnout of the healthcare professionals is basically a consequence of low morale, high turnover of job, job stress and absenteeism (Gupta Woodman, 2010). There are also other three concepts, linked to compassion fatige: emotional contagion, vicarious traumatization and traumatic counter-transference. Usually, these concepts, as mentioned here, involve the psychotherapy of the victims and the therapists as well. Emotional contagion is a very successful process, through which a person, making observation over another individual, encounters emotional reactions that are parallel to the anticipated or actual emotions of the person. Vicarious traumatization and traumatic counter-transference can be defined as the transformation of the inner experience of the therapist, emerging from empathetic involvement with the trauma material of the client (Program to combat 'compassion fatigue', 2010). Most of these different concepts have been used interchangeably in literature. The common connection of these concepts is in the sense that, working with victims or trauma patients impressively affects the emotional welfare of the healthcare practitioners, nurses and therapists. The slight differences are realized in the manner, through which the impacts of working with a traumatized person end up in either direct or indirect distress emotionally on the part of the caregiver. Generally, compassion fatigue is taken as a more natural outcome of emotional fallout from caregivers, offering close care to the patient (Bush, 2009). Compassion fatigue is acute and almost sudden. One important thing to know is the fact that burnout is a steady wearing down of the healthcare practitioners, coupled with lack of job satisfaction. Even though the burnout concept is different from compassion fatigue, it could be a risk factor and, in a real sense, the precursor to compassion fatigue (Espeland, 2006). Two responses can be expected from a group of caregivers, concerning whether they love their job or not. Suppose the answer turns out to be a NO, then, it is most likely that the care giver is anguishing with burnout. On the contrary, if the answer is YES, then, the caregiver is more prone to be undergoing compassion fatigue. There are quite a number of warning signs for healthcare practitioners, concerning self-auditing that they can work out to monitor compassion fatigue (Bush, 2009). One of the symptoms is an instance, where an individual keeps hearing and seeing the things that have been told to them. They always focus on a specific problem of the patient. Therefore, the warning signs would be that the caregivers are laying a lot of focus on this and that they are not doing what they are supposed to do in other areas and they do not feel any satisfaction out of it. In the event that caregivers do not experience any satisfaction in what they do, it would be important for them to use a checklist to monitor their work, rather than merely having these thoughts (Chenn et al., 2009). The caregiver is supposed to attend to his or her physical, emotional, social and spiritual needs. This is aimed at ensuring high quality services to the people, looking up to them for healthcare support as a human being. The physical needs of the caregiver include a good diet, fighting fatigue, exercise and time to relax. Most times, the caregiver may forget to eat but should always try to find good time and eat. The caregiver also needs a lot of exercise. This helps in lowering blood pressure and easing any anxiety and depression. It also decreases mental and physical tension. Exercise helps to ease the mind, take a break from dealing with the patient and at the same time stay in shape to promote good health. Exercises are needed to deal with overwhelming situations. Relaxation is also needed in reducing emotional and physical stress that comes along with caregiving. The caregiver, therefore, needs calmness, rest and ability to deal with life stresses (Program to combat 'compassion fatigue', 2010). With a lot of attention, focused on the patient, the caregiver may emotionally feel less important and invisible (Ekedahl and Wengstrm, 2008). This comes along with such needs like anxiety, guilt, sadness, grief and frustration that need to be addressed. While the caregiver administers his or her role, spiritual needs such as wanting to know why God has allowed such an ailment, making the best effort out of the situation and keeping the faith are also evident. The care giver also needs social support, maintaining his or her life and enjoying what he or she is doing. Based on the needs above, there are coping strategies and resources that can really be useful to the caregiver. For physical needs, caffeine should be avoided but a lot of water be taken instead. At least three balanced meals should be taken as well. A doctors advice on exercise will also be good, while the care giver can choose the best exercise to do. Listening to caregivers music choice can also help. Reading books, getting a massage and taking some day to relax would be useful to the caregiver. The caregiver can be open-minded and share out the challenges, while showing an appreciation of family support and from other close associates (Espeland, 2006). Getting at least six hours of sleep during the night is useful in fighting fatigue to maintain good physical and emotional wellbeing (Chen et al., 2009). It would also be important on matters of spirituality for the caregiver to keep praying and meditating together with practicing spiritual rituals. Attending religious services and talking to a spiritual figure can really help the caregiver in dealing with compassion fatigue. Buy custom Combating Compassion Fatigue essay
Monday, October 21, 2019
Definition of Monopsony
Definition of Monopsony Monopsony is a market structure in which there is only one buyer of a good or service. If there is only one customer for a certain good, that customer has monopsony power in the market for that good. Monopsony is analogous to monopoly, but monopsony has market power on the demand side rather than on the supply side. A common theoretical implication is that the price of the good is pushed down near the cost of production. The price is not predicted to go to zero because if it went below where the suppliers are willing to produce, they wont produce. Market power is a continuum from perfectly competitive to monopsony and there is an extensive practice/industry/science of measuring the degree of market power. As an example, for workers in an isolated company town, created by and dominated by one employer, that employer is a monopsonist for some kinds of employment. For some kinds of U.S. medical care, the government program Medicare is a monopsony.
Subscribe to:
Posts (Atom)