Business Markets Essay Example | Topics and Well Written Essays - 3500 words

Business Markets - Essay Example A distinction made between incomes i.e. the amount of money that a man earns, and real income which means the quantity of goods and the services which he can buy with that amount of money. In times of technical progress, there is a large output of cheap goods. The purchasing power of money increases or it may be said, real income increase. Less money will be needed to purchase the same quantity of goods and the saving of money will be utilized for the purchase of the other good. The demand schedule will have to be recast. Some goods may be eliminated from consumption and instead entirely new goods purchase; demand for some goods will decrease and that for others increase. Where there is inflation the additional money will add to the purchasing power of the commodity, and the prices will rise but this rise in price is not uniform in case of all goods. People will have to readjust their expenditure: demand for certain things will be reduced and for other stimulated. Through the instrument of public finance for example by taxing the rich and spending the funds so obtained on the poor, wealth is redistributed. There is a transfer of spending power. This bound to affect demand. Demand for those goods will increases which are purchased by a class whose spending power has increased, and vice versa. The larger if the average household income, greater is the demand for the commodities they consume. Change in saving. Demand for goods is affected by a change in the household's propensity to save. Large saving means less money to purchase the goods. The demand will there for decrease. Change in asset preferences. It is quit obvious that if a consumer develops the marked liquidity preferences his demand for goods will decrease, because he prefers to keep with him ready cash instead of buying things. Change in Expectations or Anticipations. Expectation also brings a change in demand. If prices are expected to rise in future the demand for goods will increases now in the present. Similarly expectation of rising incomes will restrain current purchase and postpone purchases to a future favorable situation. Change in Conditions of trade. Demand for every thing is greater in boom even though the prices are rising. On the other hand in time s of depression there is a general slacking of demand. Change in Price of related goods. Substitutes In case of substitutes for example tea and coffee an increase in the consumption of one will lead to a decrease in the consumption of the other. When a decline in the price of one good results in the decline in the demand for another good they are substitutes. Or two goods are substitutes if the demand for one is directly related to the price if other. Complements In case of complements for example horse and carriage increases demand for one will

The Mikmaqis people and their culture Essay Example | Topics and Well Written Essays - 500 words

The Mikmaqis people and their culture - Essay Example This was a touching revelation for the class that showed the potential the community holds. However, the most important aspect for the class tour had to do with potential of the Mi’kmaq as a tourism asset. Our first visit was to the heritage park at the University. Mr. Tuma was very interactive with the class during the tour, stimulating conversation through abstract questions about how tourism for the heritage park and how we saw it. He used an anecdote about marketing the heritage park to a Saudi Arabian, which pushed us to think critically about the issue. On the surface, most students could not think of how this could be done, especially since there is not a lot in common between Saudis and Canadians, let alone Canadian Aborigines. The reverse was also true; we thought so since marketing Saudi Arabia to Canadians would be just as difficult. However, when Mr. Tuma began to talk about the authenticity of Aboriginal culture, we began to see the possibilities. The Mi’km aq Resource Center is a collection center for tools and other artifacts that were used by the Mi’kmaq, which helped us to learn about their culture, history, language, and general way of life. As student visitors, we were allowed to access the research papers and books about the Mi’kmaq that covered the culture and history of this native community, especially old newspapers that were availed to us. Mr. Tuma also told us that the books we were looking at were very rare and could only be found at the resource center.