Essay for college application
Types Of Expository Essay Topics
Wednesday, September 2, 2020
Culture Essay Example | Topics and Well Written Essays - 1000 words - 4
Culture - Essay Example Under this range, the paper will set up similitudes as well as contrasts by investigating social or strict conventions, images, or convictions from my social foundation. Discoveries delineate that culture crosses along wide measures and accordingly, it tends to be or show up as a heap of numerous things that ranges from the food individuals eat to the manners by which individuals dress. It can even look to disclose how to get and set up the said food. There are enormous quantities of variables that impact an individualââ¬â¢s culture. In any case, normal contemplations propose that when one brings the issue of culture into a discussion, culture becomes something that is thin and characterized (Havilland 44). In that capacity, certain individuals characterize it as just a territory in which one lives in. Note that, structures of a family that involve things, for example, propensities for a network, desires and sex jobs can have incredible effect on the manners by which one views anotherââ¬â¢s culture. The ethnic foundation of an individual or a gathering gives a venturing stone towards in regards to a specific kind of culture. When develops in a family, the person takes up after the ethnic foundation of the individual family. This implies, society impacts someoneââ¬â¢s social reaction towards laws, ethics, and decides of that society. Keeping practices and sticking to rules of the given society shapes oneââ¬â¢s lifestyle, which thusly clarifies their way of life (Samovar, Porter, and McDaniel 102). Remember that, when one gets degenerate of these principles and laws of the general public as portrayed by the way of life, the person is at risk for discipline. Concerning this perspective, it gets principal for one to acknowledge and become familiar with the social laws and decides of the general public that he lives in, so as to keep away from superfluous disciplines (Havilland 61). Since our social things makes out of a wide scope of social effects, our every day
Saturday, August 22, 2020
Competing views of the entrepreneur
Contending perspectives on the business visionary The term business person has become to have an expansive definition throughout the years, with numerous creators bantering over the kinds of attributes that make up an individual who can be classed as enterprising. The word initially originated from the French significance one who takes between however throughout the years the term has created with differing definitions from scholastic writing, the media and regularly individuals classed as business visionaries themselves, causing incredible trouble in finding an all inclusive definition. In the late eighteenth Century, Cantillion and Say from the French way of thinking were among the first to perceive the job of the business visionary. Cantillion previously characterized business people as a daring individual, purchasing at a specific cost and selling at an unsure cost. (Refered to in Blaug 1986:220) Jean-Baptiste Say supported this up by expressing business visionaries are the rotate of the economy, a vehicle for monetary change. Deakins and Freel (2009). In the years to come, further ideas of business people were created and contended among scholastics. By inspecting the contrasting assessments from a wide range of creators since the job was first recognized, during that time where the significance has gotten different and contentions have surfaced over the genuine importance of enterprise, I would like to clarify whether the term is so muddled to render it useless or discover some method of giving it some evident normal definition in todays society. To examine the changing feelings and meanings of the business person effectively, it is imperative to think about perspectives on all parts of being a business visionary. By Looking into how business visionaries have thoughts for new pursuits, the consequences for the economy, the quantity of business visionaries and the kinds of thoughts they have and ways they become innovative. As a beginning stage it appears to be all scholastics and speakers regarding the matter view business people as happenstance spotters Shapero A (1975) builds up this further expressing In practically the entirety of the definitions, there is understanding that it incorporates activity taking, sorting out and revamping of social and financial systems to turn assets and circumstances to viable record and the acknowledgment of hazard or disappointment Muzyka and Birley (2000:31) add to this thought expressing No one should call themselves a fruitful business person until they have caught a chance. The premise of pioneering discusses is based around two principle points of view from differentiating creators of the Austrian way of thinking; these incorporate the Kirznerian viewpoint established by Israel Kirzner and the Schumpeterian point of view presented by Joseph Schumpeter. The birthplace of this long standing discussion was around data and whether enterprising open doors were gotten from new data (Schumpeter 1934) or access to beforehand blocked off data. (Kirzner 1973) Kirzner clarifies how individuals utilize the data they have to come to choices about the most ideal method of joining their assets in framing a decent or administration offering to a market. Be that as it may if this blend of assets isn't working to full effectiveness, there is potential to utilize an alternate mix of assets so as to make a more noteworthy benefit. Gaglio and Katz (2001) unite this thought by clarifying how enterprising open doors include the creation or recognizable proof of new closures and implies that have gone unnoticed by other market members. Anyway the clashing Schumpeterian see centers around new data, contending that adjustments in innovation, political powers, guideline, large scale financial variables and social patterns make new data, used to make another blend of assets to create expanded benefits. (Schumpeter 1934). For instance deregulation in the aircraft business as Thompson (2004:301) clarifies when new carriers were permitted to fly into and out of Heathrow just because since 1977, it permitted access to new data for potential participants to enter the market. Moreover enhancements in innovative procedures have prompted pioneering action in the development of music players for instance, from the sound tape player through to the mass interactive media players of today, for example, the IPod. Schultz (1975) contends that business is an equilibrating procedure, whereby circumstances of disequilibria brought about by advertise members not working at most extreme proficiency are managed by business people following up on access to the vital data to achieve balance. Especially like Kirzner (1973) who both express that the business person reallocates assets utilizing the most effective technique. Anyway not at all like Kirzner, Schultz contends that the procedure requires some investment and harmony is frequently realized back by experimentation or human asset speculation. (Iversen et al 2008) Klein and Cook (2005:4) clarified this in their exploration on the human capital way to deal with business enterprise, utilizing ranchers for instance of how they should manage a succession of many varying changes, particularly in such an atomistic industry, making any alterations a lot lengthier. As an unmistakable difference to this methodology, Schumpeter (1934) contended that business enterprise achieves the procedure of inventive obliteration, which Ellison (2002:136) characterizes as the dynamic disequilibrium fashioned by the advancing business person, with his innovative as opposed to versatile reactions to circumstances. Schumpeter proposed that business people upset the current framework by moving creation limitations and tenderizing about new innovation which places an economy into disequilibrium. Swedburg (2000:46) further clarifies Schumpeters hypothesis of business enterprise by expressing that the business person assembles another mix; consolidating previously existing materials and in this manner produces something novel and creative. Anyway Steyaert and Hjorth (2004) clarified how Schumpeters Disequilibrium mirrors the presence of instructive asymmetry about new wellsprings of benefit potential implying that specific gatherings of individuals may approach data in front of others which opens up circumstances. Knight (1921) contended that if change could be anticipated makers could prepare and accordingly effectively kill any benefit potential. As Mises (1949:297) builds up this expressing how, benefit openings emerge from changes unanticipated by the lion's share. Schumpeter (1934) utilized his innovative obliteration hypothesis to announce the incidental quality of the business visionary, he accepted that enterprise was a transitory ascribe to a person, as a rush of inventive devastation that dislodged old strategies brought about lively impersonation by contenders. Parker (2004:41) clarified how after imaginative devastation, eventually security would be reestablished and business enterprise would arrive at a brief end before the following rush of inventive annihilation. McDaniel (2002) concurred with Schumpeters thought in that when another item enters the market that is new and one of a kind is gives the business visionary a brief situation as monopolist. Then again Scranton (1993) advances the thought of sequential business visionaries and there presence since the beginning of industrialisation. Sequential business visionaries are the individuals who continually purchase and offer organizations to remain innovative. Corridor (1995) limits this wide definition proposing how the individual claims one business after another however just own each in turn. This sort of business person challenges Schumpeters brief business person and recommends that people can be continually enterprising Scholars further discussion the recurrence of pioneering openings and how and why people choose to go from workers to managers in an enterprising way. Chapman and Marquis (1912:293) were among the first to explore utilizing classes being enrolled from working class classes. Schumpeter (1961:102) contended that business was an uncommon event, as it originates from development, the capacity to complete new blends. Anyway conversely Kirzner (1979) clarified how pioneering acts were substantially more typical. Aldrich (1999) concurred with Kirzners proclamation because of the way that most open doors are productive to set up ways, which connections back to contention on business enterprise being an equilibrating or dis-equilibrating process. Whenever a business visionary chooses to misuse a chance, again there is no all inclusive definition on their thought processes. Oxenfeldt (1943:109) calls attention to that genuine business visionaries keep their experiences to lines of business that they were recently occupied with as a business or worker. Knight (1921) concurs expressing Those with related knowledge in an industry as a client or provider regularly have a superior comprehension of how to satisfy need conditions in that commercial center. Anyway as Hamilton and Harper (1994) contend, this conflicts with the hypothetical business person as omniscient, benefit orientated, pioneering and adaptable. In any case as flexible as a business visionary may be, Baumol (1993) features that when individuals can't completely know the full scope of choices confronting them, the count of an ideal inside a given arrangement of requirements is inconceivable Imprint Casson has attempted to build up a cutting edge hypothesis of business enterprise, by intertwining pioneering properties and speculations of a considerable lot of the more established creators. One significant region of his work was in the flexibly of business people. Casson (1982) recognized two gatherings of business people, the individuals who esteem their relaxation at not exactly the predominant genuine pay and the individuals who esteem it more. He clarifies how the last gathering have a solid possibility of turning into a business person, if the profits of enterprise increases over the genuine pay rate. Eisenhauers (1995) model of the choice to turn into a business person is a lot of like Cassons as it is additionally founded on the normal utility got from pay and the working states of business versus independent work. Anyway Casson (1982) focused on that any gracefully of business people are qualified business people who are characterized as having acce
Friday, August 21, 2020
The Canadian Judiciary Balancing Public and Private Spheres free essay sample
Spotlights on clarifying the Judiciarys job in Canadian culture. This paper speaks to an endeavor to distinguish the Canadian Judiciarys capacity to adjust the interests of general society and private circles as per changing social and political perspectives, just as an assessment of inward attributes of the legal executive and how they essentially impact this parity. Without question the judiciarys job in securing singular freedoms is significant, anyway there are sure components associated with the legal procedure that have made its job profoundly dubious. The undemocratic idea of the legal executive raises doubt about its legitimacy in passing on extremist choices that see the legal executive contending with lawmaking bodies to shape the laws of Canada. Likewise, the its undemocratic, unrepresentative nature makes doubt concerning whether the legal executive is keen on ensuring the privileges of the normal man which is the fundamental motivation behind the Charter. Maybe of most prominent concern is the colossal extent of interpretive force the lawmaking body generally leaves to the legal executive, through the arrangement of vague, uncertain enactment. We will compose a custom exposition test on The Canadian Judiciary: Balancing Public and Private Spheres or then again any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page
Monday, June 1, 2020
Revisioning Childhood Memory and the Senses in Alice Munroââ¬â¢s ââ¬ÂWalker Brothers Cowboyââ¬Â - Literature Essay Samples
Walker Brothers Cowboy, a short story written by Alice Munro, presents the pivotal (and perhaps formative) experience of a young, unnamed, female narrator. Munroe filters the girlââ¬â¢s visual and olfactory-enriched memories through the present tense thoughts of a markedly matured voice, creating a nostalgic effect which foregrounds the significance of this childhood story to the narrator. A ââ¬Å"warm nightâ⬠filled with ââ¬Å"cracked sidewalksâ⬠and the sound of ââ¬Å"A very quiet, washing noise on the stones of the beachâ⬠(p. 2) greet the reader; these descriptions are the substance of the narratorââ¬â¢s world, in Walker Brothers Cowboy. It is important that Munro creates a substantial, three-dimensional world, seen from the perspective of this young, somber girl. ââ¬ËSeenââ¬â¢ is indeed the key word here. The sensory effects illustrated are mainly visual, to present the reader with a lucid and inviting reality. Not only is the established setting es tablished more solidly and made easier to enter, but also the piercing visual descriptions of the narrator reveal her pre-adolescent perspective of discovery and lucidity. Here, the narrator interprets a central theme in Munroââ¬â¢s writing visually:ââ¬Å"Children, of their own will, draw apart, separate into islands of two or one under the heavy trees, occupying themselves in such solitary ways as I do all dayâ⬠¦Ã¢â¬ (p. 2)Though the twin themes of solitude and intimacy are only indirectly related to memory in Walker Brothers Cowboy, the narratorââ¬â¢s penetrating visual portrayal of each of them here is important. From this example, it is evident how the reader can access the heart of the story. Without these sprinklings of sensory metaphors and interpretation, the story would be a much dimmer, two-dimensional construct. For, instead of describing a perfectly linear plot through a straightforward first person narrative, Munro takes care to sketch her story fluidly. S he makes small hops across times and spaces to illustrate the characters, setting and mood, but always staying within the confines of present-tense first person to limit and define the story. Because Munroââ¬â¢s writing style opens so many tiny possibilities, like pricks of sunlight that come through a straw hat, (p. 7) the reader must be able to enter the story on even terms with the narrator. Munroââ¬â¢s scattered sensory descriptions and metaphors draw the readerââ¬â¢s empathy towards the narrator very effectively. Once the reader is able to view and interpret the narratorââ¬â¢s world from her perspective, the concept of memory comes into play. The narrator, unlike her brother, can access these events via her memory. ââ¬Å"No worry about my brother, he does not notice enough.â⬠(p.11) Descriptions such as ââ¬Å"little drops form along her upper lip, hang in the soft black hairs at the corner of her mouth,â⬠(p. 10) which contrast the narrator and her broth er, infuse the story with nostalgia. The perspective and feelings behind her memories are exposed, like a developing photograph, for reader and future versions of the narrator herself to examine. Hints of nostalgia are also present throughout the piece in the narratorââ¬â¢s formal, developed diction. While all of the narratorââ¬â¢s reactions and feelings are accurate for a young girl, her rich descriptions are reminiscent of an older, mature woman who is remembering an important past event. Nostalgia is also referenced inside of the story. On page three, her father describes the flow of icecaps with his hand in the snow. The narrator becomes uncomfortable in the twist of thoughts provoked by these vast passages of time: does entropy creep into everything?Entropy, an important aspect of nostalgia, is confronted by Munro, though subtly. The narrator admits: ââ¬Å"I wish the Lake to be always just a lake,â⬠(p. 3) Conveying both a longing for an unchanging world and the imp ossibility of that longing. However, there is one place the lake will be undisturbed by entropy. The lake, ââ¬Å"with the safe-swimming floats marking it, and the breakwater and the lights of Tuppertown,â⬠(p. 3) does exist, unchangeable and invulnerable to time, within the communication of the story. While any real place is susceptible to time, this fictional construct will live through Munroââ¬â¢s writing, within the narratorââ¬â¢s, and of course readerââ¬â¢s imagination and memory.The tension between the narratorââ¬â¢s mother and father, who represent much of the narratorââ¬â¢s world, contrast more than just their character. It emphasizes two different ways of looking at the past, two kinds of remembering. One agonizes over the past, lost in entropy or misfortune or time, and one creates fond memories in the present, regarding the past with serenity. Her father would create snatches of song which incite the narrator to laughter and pleasant memory. Whereas th e narratorââ¬â¢s mother directly relates to presently felt nostalgia several times in the story: ââ¬Å"Do you remember when we put you in your sled and Major pulled you?â⬠. (p. 4) The narratorââ¬â¢s father sees the present with good humour, modesty, and an accepting, easygoing nature. Her mother looks at the present situation ââ¬Å"with dignity, with bitterness, with no reconciliation,â⬠(p. 3). The disparity between parents is sharply and humorously defined in the occurrence, and later retelling of the ââ¬Å"peeâ⬠incident. While the father later retells the event as an anecdote, built up for comic effect, he hushes the children on page four, saying: ââ¬Å"ââ¬â¢Just donââ¬â¢t tell your mother thatâ⬠¦she isnââ¬â¢t liable to see the joke.ââ¬â¢Ã¢â¬ Finally, in the end of the story, the shocking realization appears that her mother and father represent two sides to the same coin. The familyââ¬â¢s past was lost, buried under change like the dinosaurs were buried under ice. Yet of course it still exists, in her fathers memory, and now in the narratorââ¬â¢s, and readerââ¬â¢s as well. The narrator connects the imagery of glaciers and her fatherââ¬â¢s newfound past in the last page, using the metaphor of a landscape, with ââ¬Å"All kinds of weathers, and distances you cannot imagine.â⬠(p. 11) Munro has beautifully sculpted a significant transitional period in this young womanââ¬â¢s life, exalting the tiny observations to the point of nostalgia. She reaches a climax, and a thoughtful resolution with few, and small plot events. With an introspective narrator, Munro is able to implant sensory details in the reader, and illuminate the moment of realization in a way with which the reader can empathize with and understand.Source:Munro, Alice. Walker Brothers Cowboy. The Norton Anthology of Literature: The Twentieth Century. Volume F. 2nd Edition. Ed. Sarah Lawall and Maynard Mack. W.W Norton Co. New York and London, 2002.3010-3020.
Saturday, May 16, 2020
Comparison of Odyssey, Divine Comedy, and Paradise Lost...
A Comparison of Odyssey, Divine Comedy, and Paradise Lost Epics by definition are long narrative poems, that are grand in both theme and style (Webster 417). They usually involve actions of great glory and are typically centered around historical or legendary events of universal significance. Most epics deal with the deeds of a single individual, however, it is not uncommon to have more than one main character. Epics embody several main features including: supernatural forces, sometimes the deity of the time, that shape the action; battles or other forms of physical combat; and a formal statement of the theme of the epic. Everyday details of life are commonplace and intricately wovenâ⬠¦show more contentâ⬠¦Throughout his travels he along with his men sailed to many strange lands. These great adventures included tricking Polyphemus a Cyclops by being nobody (Norton 320), sailing to the end of the world and descending into Hell (Norton 340), successfully battling Scylla, a six-headed monster that devoured passing seamen (Norton 361) and finally, passing safely around a terrible whirlpool (Norton 366 - 367). During his descent into Hell, Odysseus meets a sear who foretells that his wanderings would not end until peace is made with Poseidon. This sear also tells him that he will return home and re-establish himself as king. Finally as the Odyssey concludes, Odysseus does return home to a house and country in turmoil. His wife is besieged by suitors, his son is now a grown man and his country is facing certain civil war. In the final acts, order is restored with the assistance of the goddess Athene. In Dantes epic, The Divine Comedy, he tells of a journey through hell, purgatory, and heaven. This epic is divided into three sections. In each of the sections he meets with mythological, historical, and contemporary individuals. Each individual encountered during the journey represents a religious or political symbol of fault or virtue. In addition, specific punishments and rewards areShow MoreRelatedThe Divine Comedy1705 Words à |à 7 PagesThroughout the Middle Ages, art and philosophy has been lost in darkness, but with the reintroduction of ideas that came with the Renaissance in Italy, brought about a literary revival. One of the writers that influenced this revival is Dante Alighieri, a 13th century poet from Florence, Italy. His world famous epic, La Commedia, or more commonly known as The Divine Comedy remains a poetic masterpiece depicting truth and sin. The Divine Comedy, through the journey into the three hells, expresses aRead More Dantes Motivation to Write The Divine Comedy Essay3226 Words à |à 13 PagesMotivation to Write The Divine Comedy (La Divina Commedia) To truly comprehend Danteââ¬â¢s Divine Comedy, although complete comprehension is not necessary to enjoy this literary masterpiece, there are several skills one might need to acquire. For instance, one helpful piece of knowledge would be the ability to fluently speak Italian, since the many translations differ being able to have read Danteââ¬â¢s actual written words and understand them would make reading the Divine Comedy a bit more personalRead MoreThe Power Of Knowledge Is A Fundamental Component Of Being Human1994 Words à |à 8 Pagesfirst humans, shows how knowledge was first obtained, showing from an early age that man understood its importance. Aesopââ¬â¢s fables from ancient times use the acquisition and application of knowledge as a cornerstone for their construction. Homerââ¬â¢s Odyssey and Danteââ¬â¢s Inferno, both great recognized works, demonstrate protagonists with prudent minds, and the rewards that follow their actions. Prudence was a highly val ued attribute to these authors, in which knowledge, both possessing and applying, is
Wednesday, May 6, 2020
The Importance Of Family And Child Services - 2511 Words
It is one thing to speak about the importance of Family and Child Services but it is another to compare it to another country. When comparing the differences within the Family and Child Services you get a sense of appreciation and sadness when learning how children are treated in foster homes across the country. In some ways when comparing Jordan to countries in Europe and the United States it can sadden the individual knowing that children in another country arenââ¬â¢tââ¬â¢t treated the same as they are here in the United States. The purpose of this paper is to compare and contrast Family and Child Services in the United States compared to the Middle East mainly focusing on Jordan. My thesis question is as follows: The country of Jordan isâ⬠¦show more contentâ⬠¦The United States social work field and family and child services is not perfect and has many flaws itself, but the one thing they have that Jordan does not is structure and organization. What I believe can be i mplemented in the country of Jordan to decrease the abandoned children rate is Accessibility to the limited amount of social workers that are available in Jordan. Without the ability to rely on such services children and families wonââ¬â¢t get the help they need if they are unable to either take care of there child or if the child is left without parents. The second option I believe that will help Jordan with this crisis is some sort of stability and organization when it comes to the social work field in Jordan. We need to be able to develop and organize a stable environment for people to be able to access the help that they need. Stability is also important when it comes to the development of the child; if you bring stability and organization to a childââ¬â¢s life they have a better chance of following the right path in the future. And lastly, we need to either train the social workers that are located in Jordan better or bring in international social worker to Jordan and hel p organize and provide knowledge on how to approach and develop family and child services. The United States has a lot of options when it comes to the field of Family and Child Services. As stated above there are many flaws to these services, but when comparing it to Jordan you can clearly see that
Tuesday, May 5, 2020
Price-Based Demand Response-Free-Samples-Myassignmenthelp.com
Question: Write annotated bibliography on "If a business drops its price will it always increase demand - and it will make profit". Answer: Avinadav, T., Herbon, A. and Spiegel, U., 2013. Optimal inventory policy for a perishable item with demand function sensitive to price and time.International Journal of Production Economics,144(2), pp.497-506. Herbon (2013), have illustrated that increase demand of a product is due to the many reason such as consumer purchasing capacity increases, fallen of complementary goods price, product in demand due to latest fashion or consumers tastes etcetera. All the above-mentioned factor result in the price variance of any product. It has also been seen that growth in number of people using any certain product due to population growth and expansion in the market result in to increase in product demand. Environmental Economics. 2017.Econ 101: The Basics of Supply and Demand. [online] Available at: https://www.env-econ.net/supply_demand.html [Accessed 15 Aug. 2017]. According to the researcher, the price of the product can change because of four major factors namely Demand increase or decrease and Supply increase or decrease. According to the researcher, there is a universal statement that people at higher price of any product buy less quantity whereas a seller want to sell more quantity when the price is high which reflects that, quantity demand is inversely related with the price and the quantity supplies and the price are somewhat directly related to each other. It reflects on the people mindset that selling of product for profitability will be severely hampered depending on the price and the supply also on the demand of the product in the market. Kilkki, O., Alahivl, A. and Seilonen, I., 2015. Optimized control of price-based demand response with electric storage space heating.IEEE Transactions on Industrial Informatics,11(1), pp.281-288. According to Seilonen (2015), decrease in consumer surplus would happen when equilibrium price of the product is set above, but lower in the equilibrium price will see certain increase. According to the authors to achieve consumer surplus, consumers have to purchase the good that means production should be maximum so that consumer can have ample amount to purchase. If due to any reason the price of the good drops below market equilibrium, manufacturing of the good will be less profitable as of the low price and thus will encourage customers to buy more product as of the lower price. The market will have shortage of good because of the huge demand resulting into market wide loss. Thus the producer will not be able to obtain the value of the product. Siano, P., 2014. Demand response and smart gridsA survey.Renewable and Sustainable Energy Reviews,30, pp.461-478. The researcher states that the amount of product present in the market is the supply and the number of people willing to buy the product is the demand. In addition, supply has direct influence in the demand say for an example if there is a strong demand of Gas in the market there would be less supply of the product, thus increase in price of the commodity. If there is a change in condition such as lower demand of the product (Gas) as people started using more and more number of electronic vehicle then the product will be highly available in the market thus will decrease the price of the product. Income effect can also be a resulting factor as it will help the people decide how much and at what price to buy. People tend to reach out to business, providing lower price but when there is an increase in purchasing capacity, the product of lower value will become inferior good, as there is a demand fall because of income rise. Zhao, Z., Wu, L. and Song, G., 2014. Convergence of volatile power markets with price-based demand response.IEEE transactions on Power Systems,29(5), pp.2107-2118. In the research it has been found that decrease in demand occurs because of the product is out dated and old fashioned. Peoples taste of the commodity has decreased, Decrease in consumers purchasing power and substitute product price drop. The decrease and increase of a products price is variable on the products supply and demand in the market. However, consumer having higher purchasing capacity or lower purchasing capacity both will opt for products with lower price as this give them the option to purchase more and different products. It is reflected in research that if the purchasing power of the consumer increases, the variance of the purchased product will be bit expensive than regular, thus making the regular product inferior good. Demand of any product depends on various factors but lower price will be the prominent factor, as it will give purchasing power to the consumer. References Avinadav, T., Herbon, A. and Spiegel, U., 2013. Optimal inventory policy for a perishable item with demand function sensitive to price and time.International Journal of Production Economics,144(2), pp.497-506. Environmental Economics. 2017.Econ 101: The Basics of Supply and Demand. [online] Available at: https://www.env-econ.net/supply_demand.html [Accessed 15 Aug. 2017]. Kilkki, O., Alahivl, A. and Seilonen, I., 2015. Optimized control of price-based demand response with electric storage space heating.IEEE Transactions on Industrial Informatics,11(1), pp.281-288. Siano, P., 2014. Demand response and smart gridsA survey.Renewable and Sustainable Energy Reviews,30, pp.461-478. Zhao, Z., Wu, L. and Song, G., 2014. Convergence of volatile power markets with price-based demand response.IEEE transactions on Power Systems,29(5), pp.2107-2118.
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