Friday, May 15, 2020

Toys and Child Development A Look at the Laugh and Learnâ„¢...

Introduction: The Laugh and Learnâ„ ¢ Learning Basketball is a developmental toy designed by Fisher-Price. Essentially the toy is a basketball hoop as well as corresponding stand that will adjust as the child grows, and is recommended by the website for ages six to thirty-six months. Additionally, the basketball hoop has the numbers one through five on it, as well as automated hands and a face which smiles as it plays one of twelve possible songs. The basketball toy is made out of a hard plastic and it includes every color of the basic rainbow (red, orange, yellow, green, purple and blue) The toy is also equipped with two smaller basketballs (which are not as rigid as their life-sized counterparts) which the child can put through the hoop†¦show more content†¦The child’s sitting up behavior falls within the specified age range of physical development. The appropriateness of a developmental toy then has to align with the developmental guidelines of physical developm ent, so that the child would be interacting within the proper milestones. A key to playing and interacting with this toy is the ability to sit up; therefore, a child would be within the age range of sitting up, in order to make the toy and its main functions at least accessible to the child. The milestone, as previously mentioned, is that a child normally is able to sit up alone within five to nine months (Berk,2009), and does this coincide with the age range the manufacturer provides which has a six to thirty-six month range (Fisher-Price,2011)? If a child is developing at a normal rate then a child should be able to sit up and play with toy at around six months. On the other hand, a child might not attain the sitting up level until nine months, in which case the first two months of the toy’s lower end of the window of use would be inaccurate and possibly dangerous. They toy could be dangerous because an infant without the ability to sit up could then knock the base at a lower angle, which could cause it to topple. In this case, maybe just the backboard could serve as an initial play item, placed on the floor with the net removed so that the child could interact with the numbers, the basket orShow MoreRelatedPhysical, Intellectual, Emotional and Social Developm ent of Children Ages 0-8 Years2113 Words   |  9 PagesPhysical, Intellectual, Emotional and Social Development of Children Ages 0-8 Years Works Cited Not Included Physical development When the baby is picked up, the head falls backwards. This is because the neck muscles are not strong and developed enough to support the head. This is why the head always needs to be supported when the baby is lifted. When a newborn baby is held in aRead MoreEssay on Virtual Child16751 Words   |  68 Pagesafter meals. A: When Preslee is fussy, hold Preslee upright to your chest or shoulder and pat gently. 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With numerous activities for practice that would make the students feel comfortable, to encourage them to explore and express themselves confidentlyRead MoreDeveloping Management Skills404131 Words   |  1617 PagesResources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice Hall Boston Columbus Indianapolis New York San FranciscoRead MoreStephen P. Robbins Timothy A. 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Wednesday, May 6, 2020

Structures of Legal Restraint, Oh Police Powers in India

The Ibakkar - Natarajan Commission Part one of the Nanawti Commission report, probing into the Godhara incident in Gujarat, released last month has once again opened the Pandoras Box over logic of setting up Inquiry Commissions in the country. The report while giving clean chit to the Narendra Modi Government has supported the theory of conspiracy, leading to a widespread criticism across the country. Many call it eye wash and other call it sponsored report. Communists have termed it a piecemeal and fabricated report, whereas; National Democratic Alliance (NDA) calls it triumph of truth. Justice Nanawati report in fact contradicts the UC Banerjee report which also probed the Godhara incident. How a single incident draws two†¦show more content†¦The Justice Ranganath Mishra Commission which was appointed under Section 3 of The Commissions of Inquiry Act, 1952, was asked to inquire into allegations of violence and not to inquire into the nature of violence, a departure from the terms of reference of over a dozen other commissions on communal disturbances since Independence. It is needless to mention that what has happened to reports and how much amount have been spent on these exercises. Has any prominent leader been punished so far? Many persons, against whom leveled charges were being inquired into, have died. Such are the frustrating results of these Commissions and Committees. As far as time and money aspect of these Commissions are concerned, its enough to look into the expenses of just couple of Commissions to understand the quantum of impact—both in terms of the amount and time spent. The one that tops the chart is the Liberhan Commission. Set up under retired Justice M S Liberhan on 16 December, 1992 to probe into Babri mosque demolition, the Commission has so far been given more than 41 extensions. Overall the government has already spent Rs 90 million on this single man inquiry Commission, which is yet to come out with its report. Similarly, Justice B N Kripal Commission of inquiry was set up on 13 July, 1985 to probe into the bombing of the Air India Flight 182 on 23 June, 1985 which led to the crash of this plane into the Atlantic Ocean leaving 329Show MoreRelatedThe Full Convertibility of Renminbi: Consequences and Influences8173 Words   |  33 Pagesdollar, instead it chose form sorts of major currencies ( known as â€Å"a basket of currencies†[17] and perform a managed floating rate system while consulting the change of multilateral exchange rate index based on supply and demand of market. 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Tuesday, May 5, 2020

The Virgin of Guadalupe free essay sample

It was clear to me that the Virgin of Guadalupe is a powerful cultural symbol of Mexican identity and nationhood. In colonial times the Virgin of Guadalupe was interpreted as a native, loving and forgiving mother, the intercessor to God the Father and his son, Jesus Christ. Today Guadalupe has been reinterpreted as an empowering symbol of liberation and action rather than as female passivity. In contemporary society the populist appeal of the image cuts across all sectors of Mexican life, and her image is displayed not only in churches, but can also be seen in taxis, buses, on tee-shirts, amulets and as tattoos. Chicano and other Latino societies helped establish the Virgin of Guadalupe as an archetypal emblem of mestizaje. Criollos interpreted Marys appearance that Mexico was a favored city. From reading I learned that the origin of the importance of the Virgin of Guadalupe can be traced back to the religious beliefs and ceremonies that animated the daily lives of pre-Hispanic people from birth to death. We will write a custom essay sample on The Virgin of Guadalupe or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Even though the Spanish conquest imposed Christianity and colonialism on the original populations, the Catholic Church allowedsome say even encouragedthe association between specific locations and Aztec deities as a means to effect an easier transition from native religions to Christianity, resulting in the introduction of localized patron saints. Worship of the Virgin Mary was encouraged through a variety of manifestations, such as the Virgin of Remedios and the Immaculate Conception. After the conquest, the church destroyed shrines to indigenous gods and goddesses, and tried to stamp out the cult of Tonantzin, an Aztec virgin deity. Since manifestations of the Virgin had encouraged the conquistadors, many images of the Virgin Mary had made their way to the New World. Indians, mestizos, and criollos lent new meanings to the cult of the Virgin Mary. The devotion to the Virgin of Guadalupe is a syncretic manifestation of Catholic and Aztec beliefs. The Virgin of Guadalupe continued to play an increasingly important role in the development of Mexican national identity. The criollos interpreted her appearance as a legitimization of their national aspirations and propagated the cult as part of a plan to build New Spain in Mexico. The campaign to legitimize the Virgin of Guadalupe began in 1648 with Miguel Sanchezs book which argued that Guadalupe was authentically American, emphasizing her appearance to a poor, humble native and stressing the Virgins use of Nahuatl to address Juan Diego. Sor Juana Inez de la Cruz wrote one known sonnet to the Virgin of Guadalupe in 1680, published in 1729, which retells the story of the apparition and reinforces Marys function as protectress of the Americas in her role as la Rosa Mejicana. A symbol of popular religiosity and a feminine metaphor in the comprehension of the divine, The Virgin of Guadalupe continues to convey a paradoxical message that can be manipulated for political purposes.

Sunday, April 12, 2020

Swansea Metropolitan and University of Wales Trinity St Davids

Introduction Communication within organizations is vital for full attainment of goals and objectives to enhance customer satisfaction in terms of service experience. Company interactions with customers involve applying different methods that ensure that customers’ pieces of information reach the sales department.Advertising We will write a custom report sample on Swansea Metropolitan and University of Wales: Trinity St Davids specifically for you for only $16.05 $11/page Learn More Since this communication process involves many people, it requires appropriate management to guarantee best customer service to the present and future customers. Currently, organizations are adopting the use of Customer Relationship Management (CRM) software to improve quality of their service provisions to their clients. The software helps in organizing and tracking contacts of both the present and future customers. Just as other online applications, the software minim izes logistical requirements and time wastage since all employees in every department can view a customer’s information and respond appropriately (Murray 2013). At the same time, a customer will obtain timely response from the necessary departments hence saving productive time. The Database Management System that Swansea Metropolitan University and the University of Wales: Trinity Saint Davids included in their system will ease the logistics required in communicating to and managing their students. The report expounds on the benefits that will accrue to the two institutions after adopting CRM, especially in decision-making processes. In addition, it will discuss the principles of Big Data and metrics and examines the gains that the University of Wales is likely to realise in adopting CRM. Finally, the treatise will expound on the ethical and legal implications that may face the institution for storing students’ data for future marketing purposes. Customer Relationship Management (CRM) System Organisations interact with customers in three main ways: back office operations, front office contacts, and business contacts. In marketing, business contacts is where a company’s workforce intermingles with suppliers and customers through trade associations and various industry activities (Malhotra Birks 2007). Front office contacts entail straight connections that company workers have with dealers and consumers through mails and phone messaging. On the other hand, back office operations are sequences that aid phone call and e-mailing services such as marketing, promotion, and investment relations.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The use of CRM pays more focus to customers thereby enabling organizations to attract and retain customers through better service provisions, understand their customers, cut cost of managing customers and increase profit maximization. For successful service provision, CRM has different components such as campaign management, sales force automation, and customer service. Further, the process allows firms to communicate to their customers on marketing activities, sell goods and services to customers, and handle after-sales service necessities for customers. Markedly, the Customer Relationship Management software stores all communications with clients as they transpire so that any company worker can retrieve it in future in case need arises. Sales force automation component eliminates instances of effort duplication hence increasing efficiency. Moreover, it expands sales opportunities for current and new customers and even makes it possible for employees not in the sales department to access customers’ recent data easily. In essence, the element improves customer services, as all employees are aware of consumers’ current contact information. When sales representatives get prospecti ve clients, they often use a given set of decisive factors that centre at a drive of attracting new businesses. In the campaign process, the targeted customers receive inducements inform of special sales terms and marketing resources (Murray 2013). This Customer Relationship Management element takes into account all promotion trends, customers’ feedbacks and ultimate scrutiny from the initiative. Elements and Benefits of CRM CRM software has enhanced levels of business-customer engagement in its ability to manage contract wins, business contacts, and client’s information (Malhotra Birks 2007). Customer Relationship Management provides organisations with customers’ business information, which enables them supply products and services that meets customers’ needs. For that reason, CRM solutions enhance customer satisfaction. Additionally, the system allows effective cross-sell, up-sell, and provision of better customer services. Notably, organisations that understand the behaviours of their clients are highly likely to attract and retain current customers in the process.Advertising We will write a custom report sample on Swansea Metropolitan and University of Wales: Trinity St Davids specifically for you for only $16.05 $11/page Learn More Advancements in technology has presented numerous challenges to companies in identifying the tastes and preferences of a target market and completely altered consumers buying behaviours thus forcing them to use new ways of reaching their present and prospective customers. An effective CRM solution helps business leaders in making prudent and insightful decisions. At the University of Wales: Trinity St Davids, the management will be able to understand the nature and dynamics of their students. For instance, the management will be able to save data of students applying for first year courses thus offering effective platforms for the academics department to identify the st udents’ potentials and levels of interest in allocating the courses. Further, since the software allows for real time access of data in the dashboard, the university will be at an advantaged position to make right decisions at the right time. A marketing decision-maker having customers’ data at real time is able to monitor expected performances versus the actual results thus driving the marketing return on investments (Galligan 2012). The University will be able to process students’ requests and complaints in real time through the CRM dashboard. Evidently, the software reduces the costs of addressing students’ concern, as the administration will easily identify better processes at the contact centres. It makes student management easy since the administration can solve students’ issues on their first call given more in-depth data on the dashboard. Students’ service provision within the university will be quick and timely given that the admini stration will have students’ data in real time and even mitigate potential threats to students’ satisfaction. The CRM system will also improve the rate at which the university will carry out course-selection for the new students, which will enable it gain competitive advantage over other institutions in Wales and England. When the university departments are able to work together, they will not only have great insights into the objectives of the institution but also develop effective marketing strategies (Wilson 2006).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Principles of Big Data and metrics Businesses that can handle Big Data are more likely to be competitive than their competitors who cannot (Hayes 2012). This concept involves bringing together vast quantities of data, analyzing and processing them to extract valuable information. When Swansea Metropolitan University and the University of Wales: Trinity Saint David merged, it is evident that there are abundant data that need re-organization and analysis for the benefit of the institutions. Since the two institutions have different management systems, data integration into a single system will be a challenging task, but through data federation and information integration, it will be possible. Here, data reside where they have been, instead of moving them to other applications. Big data involves fast analysis of varied and massive data that reflect on reality to gain the trust of other users. One has to understand first the reasons for acquiring Big Data. In other words, one has to kno w its importance and substantiate how he/she intends to extract valuable information from Big Data. This process will enable one to make substantial decisions regarding the functions of a business. For effective communication, a well-engineered and harmonised reporting system that removes information overload that can cause confusion for users is necessary. Data minimization is also a key principle of Big Data. This principle ensures that everybody get full data that they need for their work and not in excess of that (Hayes 2013). Data protection prevents exploitation and accessibility by unauthorised parties. Data in the university’s database are extremely sensitive and requires maximum protection for use in a specified purpose. In addition, a functional reporting system where the validity of information is not in doubt and set operational goals maximise customer satisfaction. For better services, organisations need to train their employees so that they can answer customersà ¢â‚¬â„¢ questions successfully. The process of data integration should be customer-centred to enable organisations create impact on their customers. In higher education, Big Data can focus on areas of student progress, institutional finance and budgeting, and resource optimisation. Benefits of Big Data to the University The University of Wales: Trinity St Davids stands to benefit immensely from developing Big Data Networks. For instance, the collected data will assist in addressing strategic issues, such as institutional finance management and budgeting. When the university hosts data at one point all employees can access it thus enhancing accountability and transparency in areas where funds are used. As a result, the university’s overall management will have clean sheets on financial management hence making it register positive image to current and prospective students. Other areas that the institution will preserve its data include enrolment management, progress of strategi c plan, student learning, library, research advancement, procurement and faculty teaching and research performance. The University of Wales: Trinity St Davids will also be able to understand the demographics and behaviours of its students, as all students will be in the Database. Notably, the entire university department will have full access of students’ details, such as characters, ages, religious affiliations, and nationalities. Essentially, the development will assist the institution in monitoring its students with ease. Additionally, Database Management System will benefit the university by optimising use of resources. This is possible since all departments will be monitoring and evaluating the expected results from all resources within the institution. Scrutiny of resources across all university departments will improve the usability and productivity of resources (Javalgi, Martin Young 2006). The initiative will also enable the university to recruit many students at ag o, as the process will not only automate all courses but also improve the relationship between new students and the university administration. In sum, the system will increase the efficiency and effectiveness of the university services. Ethical and Legal Issues In attempting to use customers’ data in marketing, the University of Wales: Trinity St Davids will be contravening the policy of individual privacy (Chisnall 1997). Since the institution may apply business-to-consumer marketing as a way of enticing other students to join its courses, the privacy concern is less clear on the context of internet development. Personal data like address, social security numbers, age, likes and dislikes are key concerns to customers. In the UK, the revised 1998 Data Protection Act helps in protecting personal data and marketers ought to be consistent with privacy law whenever they are marketing their products and services via the internet (Ethical Constraints n.d.). In addition, the Univers ity of Wales: Trinity St Davids will not be able to control those who will access the data, as it will be difficult to identify end-users. However, the institution can plant cookies in on the end-users computers to enable websites identify them. The university should also get the consent of the students to transfer data ownership to third parties. On the legal front, citizens expect their personal data and resources to keep them safe and secure. The Data Protection Act (DPA) assists in giving evidence in a legal proceeding involving unlawful sharing of personal data. The university will have to document the need for sharing data with other prospective consumers, information to share and the means of sharing it to avert situations of privacy violations (Ethical Constraints n.d.). Since the Welsh Government encouraged the need for higher institutions to adopt CRM, this does not guarantee the university to share customers’ information under a public sector as per the provisions of section 22 of the DPA. Conclusion The university’s option of adopting the use of CRM in its services presents numerous benefits its ways of handling students’ services and in its overall management. For long-term benefits, the institution should use widely packaged customer database management software applications since they are flexible and indispensable in meeting current marketing needs (Myers 2013). Moreover, rapid and flexible software will increase the security of customers’ data thus enhancing clients’ loyalty to the institution. On marketing, the university should comprehend the provisions of the DPA to help it in differentiating between readily available data and others that are under copyright protection. References Chisnall, P. 1997, Marketing research (5th ed.), McGraw-Hill, London. Ethical Constraints, Internet Studies.  Web. Galligan, F. 2012, Altmetrics for Librarians and Institutions: Part II, Content Management Services for Librarie s and Publishers. Web. Hayes, B. 2012, Big Data has Big Implications for Customer Experience Management | Business Over Broadway, Business Over Broadway: Transforming Business Through Customer Insight. Web. Hayes, B. 2013, Big Data has Big Implications for Customer Experience Management, The Big Data Hub | Understanding big data for the enterprise. Web. Javalgi, R., Martin, M., Young, R. 2006, ‘Marketing research, market orientation and customer relationship management: a framework and implications for service providers’, Journal of Services Marketing, vol. 20. no. 1, pp. 12-23. Malhotra, N. K. Birks, D. F. 2007, Marketing research: an applied approach (3rd ed.), Prentice Hall/Financial Times, Harlow, England. Murray, M. 2013, Customer Relationship Management (CRM), Logistics. Web. Myers, R. 2013, Legal and Ethical Issues in Obtaining and Sharing Information, Morris, Manning Martin, LLP.  Web. Wilson, A. M. 2006 Marketing research: an integrated approach (2nd ed.), Prentice Hall/Financial Times, Harlow, England. This report on Swansea Metropolitan and University of Wales: Trinity St Davids was written and submitted by user Duncan Mccall to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Tuesday, March 10, 2020

Mexico and America; Ethnic Groups and Discrimination

Mexico and America; Ethnic Groups and Discrimination Free Online Research Papers Mexicans immigrated to the United States back in the 1800’s (Stanford, 2006). In 1848 the United States took over a part of Mexico which is not the Southwest (which is where I’m from, The Rio Grande Valley). Hispanics living in these areas were Mexican citizens before the acquisition. The United States even went into agreements with Mexico to have Mexicans work in the United States. Mexicans were treated with cruelty, while working the agricultural fields for years. The United States made several agreements with Mexico to have the Mexicans come to work in the US while American soldiers were fighting in the world wars. The labor shortage that the United States went through was reason enough to have Mexicans migrate to the United States as laborers. The United States found there was a need to have Mexicans come fill in for the labor shortage but they were no longer needed during the depression of the US. Not only were Hispanics send back to Mexico, but Mexican-Ame ricans were sent back as well because they were no longer needed. My culture has suffered from prejudice and several other discriminations such as the dual labor market, redlining, affirmative action and reverse discrimination. Mexicans suffered from the dual labor market even though employment was offered to Mexicans during the shortage of labor that the United States was going through, no safety was provided to the workers. No insurance was available for the laborers either. The United States was prejudice towards Mexicans because as soon as there was no need for their labor services they were sent back to their country. Everyone who was brought to the United States to work including the Mexican-Americans, who were citizens of the United States, was sent back to Mexico. Why were the first colonists not sent back too? Mexicans used to live in what is now the Southwest before it became part of the United States. Not only was my culture robbed from their rightful land but no benefits were given to them while assisting the United States with their shortage. Have you ever heard the phrase, â€Å"Everything is bigger in Texas.†? Texas is the largest state in the United States. The majority of residents in Texas are Mexicans. Mexican Americans are not the minority in the state anymore and discrimination occurs in several hidden ways. We have come a long way and diversity is practiced throughout the work place. It will continue as long as society continues to compare ethnic groups. Yes we are all different, and we should be proud of who we are, but are we all not human? Redlining used to happen and is still happening. â€Å"Mexicans will not be able to purchase their own homes much less be the owner of a new vehicle.† This type of comments is patterns of discrimination that Mexican-Americans have faced at one time or another. I, myself, have encountered this type of discrimination several times before. Rather it is at school or at work. I drive up in a new vehicle and I have heard people make comments about how it cannot be mine! The affirmative action took place when the minority groups were given the opportunity to get jobs (Schaefer, 2006). Although in Texas and in some other states Mexican Americans are not the minority, the ethnic group overall is still a minority; therefore the group has faced and endured the affirmative action. Presently there is still some social inequality and reverse discrimination is something that I have faced. Some places exist where they will not hire someone if they do not know how to speak Spanish even though English is the main language at the work place. They can easily get away with it because they report that the language is needed to conduct the business and this is accepted by the United States Equal Employment Opportunity Commission. With this in mind there will always be hidden ways discrimination will present itself. The world seems to have improved throughout the years but there will always be a certain someone who did not learn from the mistakes. Mexican-Americans are not the only minority in this country and all other minorities have faced some sort of discrimination as well. This has always been a touchy subject, why can’t people get along with each other? I think it’s about time we all tried! The world would be a better place if we learn to accept each other’s differences and learn to appreciate each other, and understand that we are all equal. ? References: Schaefer, Richard. (2006). Racial and Ethnic Groups. [Axia College Custom Edition e-text]. , : Prentice-Hall. Retrieved August 29, 2008, from Axia College, ETH 125 Cultural Diversity Web site. Stanford, E. (2006). Interracial America. Opposing Viewpoints Resource Center Detroit: Greenhaven Press. Retrieved February 15, 2008 from Gale. Apollo Library. http://find.galegroup.com/ips/start.do?prodId=IPS www.ask.com. (2008). Hispanics in America. Retrieved August 29, 2008, from www.ask.com Google. (2008). Hispanics in America. Retrieved August 29, 2008, from www.google.com Research Papers on Mexico and America; Ethnic Groups and DiscriminationThe Effects of Illegal ImmigrationNever Been Kicked Out of a Place This NicePersonal Experience with Teen Pregnancy19 Century Society: A Deeply Divided EraAssess the importance of Nationalism 1815-1850 EuropeBook Review on The Autobiography of Malcolm XTwilight of the UAWPETSTEL analysis of IndiaMoral and Ethical Issues in Hiring New EmployeesAnalysis of Ebay Expanding into Asia

Sunday, February 23, 2020

Tiny houses Essay Example | Topics and Well Written Essays - 500 words

Tiny houses - Essay Example The film centers around Christopher Smith, who decided to build his house in the spring of the year 2011. At the onset of the movie, Smith describes that his motivation for building the house was because he did not have a ton of money to use in bigger constructions, therefore, considered a financial independence. He points that similarly, the people who built their small houses had the same motivation. For instance, interviews with the tiny house personalities like Jay Shafer, Tammy Stroebel, Deek Diedricksen and other healthy people who chose to live in as tiny as 84 sq ft dwellings (Mueller and Smith). Despite the aesthetic and the value design of the living small houses, the primary motivation that the luminaries gave was on financial independence. As Shafer notes of the tiny life, â€Å"the principal asset is freedom.† Therefore, with a lower overhead, lack of room for extraneous purchases, makes the tiny house life inexpensive that the residents allowed and left to live the way they prefer (Zeiger and Ngo 105). The prime motivation of people to live in the communes, squats, tent cities, Eco-villages and the sustainable housing is derived from the desire reap the physiological benefit. In accord, a desire to reduce one’s physical footprint on the natural environment. The physiological benefit realized lies on one’s peace of mind and a feeling of contentment. A sense of self-satisfaction in the movie is whereby each household involves itself in the act of small house construction. One, therefore, feel contented in doing something constructive that ends up creatively designed and has a twin benefit to the society. More intricate, from the point that a woman can do a task and be as significant as their male counterparts in constructions, is something of significance. For instance, in the film, we see the buildout of Smith assisted by his girlfriend, Merete Mueller. Therefore unfolding the gender

Friday, February 7, 2020

The Effectiveness of The Bank of England Policies in Overcoming the Essay

The Effectiveness of The Bank of England Policies in Overcoming the Crisis - Essay Example This essay offers a comprehensive analysis of activities, that the Bank of England realizes to manage the inflation, with a focus on effectiveness of the Quantitative Easing Programme, which is among the mechanisms applied by the bank to stabilize the economy. It is argued in the paper, that the use of the Quantitative Easing of may cause higher inflation in future. The BOE applies both monetary policy and Quantitative Easing mechanism as the inflation management tools, to ensure that the inflation level does not surpass the lower or the higher limits as predetermined. The concept of inflation refers to a situation where there is a general rise in the prices of goods and services in an economy, within a specified period of time. Monetary policy refers to a mechanism applied to reduce the inflation rate, through the BoE introducing a period of higher interest rates, which targets to reduce both the consumer and the investment spending, and thus lower the quantity of money that is circulating in the economy. The Quantitative Easing mechanism is an unconventional method of managing inflation, which is applied under circumstances where the monetary policy does not generate the desired effect, in enhancing the stability of the economy The risks associated with the Quantitative Easing mechanism is its potential to cause future inflation, through capital flights and the stagnancy of production of goods and services, since the mechanism does not affect the interest rates, which in turn determines the production in the economy. ... In doing this, the Bank of England applies various mechanisms, which include: Monetary policy This refers to a mechanism applied to reduce the inflation rate, through the Bank of England introducing a period of higher interest rates, which targets to reduce both the consumer and the investment spending in the economy, and thus lower the quantity of money that is circulating in the economy (Griffiths & Wall, 2007 p22). This way, the general prices of goods and services in the economy will be lowered, considering that there would be less money in the economy, which cannot support the higher prices. The change of the official interest rate by the Bank of England is applied in the situation where the amount of money that is being spent in the economy has grown at a higher rate, compared to the volume of the output produced, in terms of the goods and services (Qfinance, 2009 p249). Thus, the Bank of England sets an interest rate, at which it lends to the other financial institutions withi n the UK, which in turn affects the interest rates at which such financial institutions, which include the commercial banks, the building societies or the insurance companies, will attach to their loans and mortgages, which they advance to their customers. In addition, the change in the interest rates also affects the prices of other financial assets such as the shares and the bonds, while also influencing the exchange of the country’s currency against those of other countries (Mishkin, 2010, p77). All these changes serve to influence the demand by consumers and businesses, thus affecting the spending that such consumers and businesses make in