The Concept of Monopoly Business-Free-Samples-Myassignmenthelp.com

Questions: Discuss the characteristics of a Monopoly Market. Answers: The identified essay has been developed to discuss the characteristics of a monopoly market. Precisely, the study provides an extended introduction elaborating monopoly market structure. By defining the concept of monopoly business in a given market, the essay paper thoroughly researches two major questions. First of all, the study illustrates why the government of leading economies has wanted to control the price setting policy of a natural monopoly business. Secondly, the ways to regulate the price setting of monopolist business have been described in the study as well. In the meanwhile, the study paper includes economic principles to analyse how monopolist business set up has affected the consumers in a free market. In terms of economic definition, pure monopoly market structure has formed if there is only a single producer or supplier available to the market (White, 2015). Therefore, due to lack of market competition, the operating business of the single firm creates monopoly market where the monopolist firm has become the price maker in the industry (Abdin, 2008). The study paper delivers a detailed review of the operations of natural monopolist firm to identify why the government should restrict the price setting of monopoly businesses (Imai, 2012). In addition, a case study has been provided to understand how natural monopoly can imbalance the market equilibrium price. In order to understand why and how government regulates the price setting of a monopoly market, it is important to observe the characteristics of a monopoly market structure. In a monopoly market structure a single firm serves the entire industry with no competition (Sheshinski, 2016). On the basis of the regulatory terms, a firm with 25 percent or more of the market share is considered as a monopoly (Jamal Sunder, 2014). On the other hand, it is important to note that a natural monopoly occurs due to certain advantages such as high availability of mineral resources, strategic location and specific regulatory requirements (Sheshinski Weiss, 2013). For example, the Gulf Countries have good amount of natural crude oil resources that makes them monopoly leader in the global oil industry. However, to become a natural monopoly market, the industry must possess the following characteristics: One seller and many buyers: There is a single seller and huge number of buyers in a monopoly market. Lack of substitutes: Due to the absence of competitors there is a lack of substitute products. Sometimes the distinctiveness of the products and services provide monopoly rights to the firms (Sheshinski Weiss, 2013). Lack of competition: As there is a single seller in the market there is no close competitor for a monopoly firm. Profitability as the primary objective: The primary objective of monopolist firm is to earn higher level of profitability. In other words, profit maximisation is the main aim of the monopolist firms. The monopolist firms aims to achieve supernormal profit that makes different from any other market structure (Sheshinski Weiss, 2013). However, the firm may achieve abnormal profit in the long run due to over regulation of government and promotion of competition by regulating bodies. High barriers to entry and exit: Furthermore, the monopoly market structure has high barriers to entry and exit for new firms in the market. In other words, a new firm requires huge investment in order to enter a monopoly market that has no competition till present (Sheshinski, 2016). Hence, the barriers to entry are at extreme level for a new entrant. High control over price: Being a single seller in the market with no substitutes, the monopoly firms are the price makers. The monopoly firms have the right to decide the price of the products and services that are offered to the customers. The primary factor that is considered by the monopolist firms to determine the price of its products and services is total revenue. A monopolist firm produce its products at an output level at which the total revenue is at its highest point to earn maximum profit (Sheshinski, 2016). The total revenue curve has been presented herein below: Figure: Total Revenue Curve of a Monopolist Firm Source: (White, 2015) The above figure shows that M is the output level at which the total revenue is at its maximum point. Furthermore, a total revenue curve is inclined in the middle and at its highest point the profitability is maximised (White, 2015). Hence, a monopoly firm determines the level of output by considering the profit maximisation factor. However, there are several other factors that must be observed to understand the market structure of a natural monopoly. A diagram has been given below with further explanation: Figure: Natural Monopoly Source: (White, 2015) According to the above figure, a monopolist firm produces at an output level QM, which is much lower than the socially optimum output level at QE. Additionally, the monopolist organisation charges a higher price at PM which is also higher than the socially optimum price level. Furthermore, the level of quantity to be produced by a monopoly firm is determined by MC = MR (White, 2015). Therefore, it can be seen that the price charged by the monopoly businesses is quite higher than the market equilibrium price (PE) and the government regulated price (PR) that creates a immense pressure over the consumers. Furthermore, the output level at QM, which is quite below than the equilibrium output level (QE) and government regulated output level (QR) indicates an underutilisation of resources (White, 2015). Hence, the profit maximisation policy of the monopoly firms create problem for the government to maintain stability in the market. The government is the core authority to control the misuse of the monopoly power by several organisations to safeguard the rights of the consumers and maintain stability in the market (Sunder Jamal, 2015). Furthermore, there are several reasons for the government to regulate the price setting of natural monopoly that is discussed herein below: Avoid over pricing: The absence of government regulations makes the monopoly firms misuse their price setting power and the common public have to suffer by paying high price for the products. The over pricing policy of the monopolist contributes towards inadequate allocation of resources and reduces the consumer welfare (Sadanand, 2008). Hence, government regulation is required to prevent excess pricing of products. Maintain quality of service: The lack of competitors and substitute products allows the monopolist firms to comprise with the quality of products and services (Spulber, 2014). Hence, the government regulation is required to maintain the quality of service and safeguard the consumer interests. Control monopsony power: In some cases, the firms operating in monopoly market structure misuse their monopsony power while purchasing raw materials from the small scale sellers. For example, supermarkets with monopsony power dominate the small farmers and squeeze their profit margin. The farmers have to forcefully sell their products at lower price as there is no other buyer in the market (Slade, 2009). Hence, the regulations of the government safeguard the rights of the small scale producers in a monopoly market system. Promote competition: The firms in the monopoly market system use their power to dominate the entire industry. It is considered that a firm with more than 25 percent of the market share can dominate other sellers by practising monopoly power (Jamal Sunder, 2014). Hence, the government plays an essential role in such market structure by promoting competition to minimise the monopoly power of the large scale market leaders. The analysis based on the discussion has evaluated, many of the monopoly firms have misused the price setting power in a given market due to lack of government regulations. Clearly, such price setting strategies of overpricing can unstable market price equilibrium of a free market leading to market failure. Evidently, price setting power of monopoly firms can further make an impact on the savings of target audience (Wessels, 2012). In addition, in the presence of monopoly market structure, new firms cannot get an entry in the market. Hence, growth of the economy has been hindered. Therefore, by using regulatory policies government of modern economies must regulate the price setting tactics of natural monopoly businesses (Jamal Sunder, 2014). In the developed as well as emerging economies, government has considered a number of strategies to restrict the price setting of monopoly businesses describes as follows: First and foremost, government must set up regulatory commission to verify the pricing strategy as well as the quality of offered products/services of monopolist businesses (Gaudin, 2012). For instance, State Electricity Regulatory Board was set up in Australia to regulate the pricing of electricity offered by different state-owned firms in their respective target markets. Thus, the pricing of electricity and normal supply have been maintained. Also, the regulatory board must identify whether monopolist firms operating in different markets have maintained fair price of products so that market price equilibrium can be ensured (Norman, 2012). Other than the regulatory interventions, government of economies must use substantial price deduction policies to control the high prices marked by the monopoly firms operating in different industries. Evidently, the RPI-X regulation technique can be defined as a way to put a restriction of surging product pricing strategy of monopolist firms (Simshauser, 2017). The X denotes the deduction of price to be implemented by the government during the price hike of products/services offered by monopolies. Considering the technique, assuming inflation rate as 6% and the X is 3%, the policy will allow the monopoly enterprise to hike the service/product price by 6-3 i.e. 3% at the highest. In this way, the government can regulate excessive offered price of monopolies. Thirdly, the government agencies and regulatory board must put an eye into the mergers and acquisition operations of firms that can establish a monopoly market structure in a given market. In such cases, a number of restrictions and legal regulations must be implemented to maintain price setting policies (Treynor, 2013). Hence, the government intervention and strategies can control the price making policy of monopolies safeguarding the public interest. In terms of discussing a monopoly business structure in the Australian market, EnergyAustralia, a state government-owned electricity and gas supplier can be featured. Precisely, the monopoly business of the enterprise offered electricity and gas supply service to the target audience of Central Coast areas, Sydney and other territories of New South Wales. Previously, the company had operated using price-regulated monopolist business in the target area by supplying electricity. Before 1997, the enterprise has owned a unique electricity distribution network establishing a monopoly business in the target market of Western territories of New South Wales. By 1997, the Australian government had deregulated the business structure of EnergyAustralia to increase competition and maintain a competitive price of electricity in the target market. As a result of the deregulation, the enterprise was segmented into two section i.e. retail business and distribution business of electricity (Parkin, 201 4). However, the distribution business was kept under the state government in 2012. Evidently, the government regulations imposed on the monopoly businesses have benefited the target market consumers (Sheshinski Weiss, 2013). Precisely, due to government interventions and regulatory activities, consumers can get better product price and improved quality of services/products. On the other hand, using the price flooring tactics and segmentation of monopoly businesses can directly improve the economic balance in a given free market. Evidently, regulating the monopolist businesses price setting policy can create more opportunities for the new firms to get an entry in the market (Treynor, 2013). Thus, SMEs in the local market get a chance to establish their business in a monopolist market structure as well. Understandably, the review of the monopoly market structure has delivered answers to the primary questions asked during the introduction of the study. The study evaluates that monopolist firms have influentially exploited the price making power. At the same time, monopoly businesses have deliberately produced goods below the socially optimal output level to control the prices at will. In addition, due to lack of market competitors, monopolist firms have compromised with the product quality as well. As a result of the consequences, to protect the interest of the market consumers, government intervention to regulate price setting policy of monopolist firm has become essential. Conclusively, to maintain economic balance and market price equilibrium, government regulation on pricing strategy of monopoly business has become mandatory. References Abdin, M. (2008). Hidden Monopoly in the Free Market.SSRN Electronic Journal. Gaudin, G. (2012). Price Squeeze and Monopoly Maintenance in Regulated Industries.SSRN Electronic Journal. Imai, H. (2012). Bilateral price-setting in a bilateral monopoly model.Mathematical Social Sciences,12(3), 279-301. Jamal, K., Sunder, S. (2014). Monopoly versus Competition in Setting Accounting Standards.Abacus,50(4), 369-385. Norman, G. (2012).Recent developments in monopoly and competition policy(4th ed.). Cheltenham: Edward Elgar. Parkin, M. (2014).Economics (3rd ed.). Boston, Mass. [u.a.]: Pearson. Sadanand, V. (2008). Endogenously determined price-setting monopoly in an exchange economy.Journal Of Economic Theory,46(1), 172-178. Sheshinski, E. (2016). Price, Quality and Quantity Regulation in Monopoly Situations.Economica,43(170), 127. Sheshinski, E., Weiss, Y. (2013).Optimal pricing, inflation, and the cost of price adjustment(4th ed.). Cambridge, Mass.: MIT Press. Simshauser, P. (2017). Monopoly regulation, discontinuity stranded assets.Energy Economics,66, 384-398. Slade, M. (2009). Price Wars in Price-Setting Supergames.Economica,56(223), 295. Spulber, D. (2014). Products Liability and Monopoly in a Contestable Market.Economica,55(219), 333. Sunder, S., Jamal, K. (2015). Monopoly or Competition: Standard Setting in the Private and Public Sector.SSRN Electronic Journal. Treynor, J. (2013). How to Regulate a Monopoly.Financial Analysts Journal,59(4), 24-25. Wessels, W. (2012).Economics (2nd ed.). Hauppauge, N.Y.: Barron's Educational Series. White, L. (2015). Market Definition in Monopoly Cases: A Paradigm is Missing.SSRN Electronic Journal.

Is the statutory ban against idling motor vehicle engines is helpful in improving the air quality of Hong Kong free essay sample

Although the statutory ban against idling motor vehicle engines is helpful in improving the air quality of Hong Kong, there are some exemptions which cannot be avoided. For example : traffic jams occur and all the vehicles will remain stationary but have their engines on. This situation cannot apply to the ban because the drivers are forced to idle their cars and they are not willing to do that, so they are not considered to violate the law. Another exemption is that some vehicles need to keep their engines on in order to prevent the deterioration of their goods, such as vehicles which their owners sell their ice-cream and the engines are needed to turn on in order to provide the refrigerative function. Therefore, can we say that the ban is effective? In our group, we all agree that it is ineffective in lowering the API of Hong Kong because there are many exemptions in the ban and a lot of drivers can escape from the law. We will write a custom essay sample on Is the statutory ban against idling motor vehicle engines is helpful in improving the air quality of Hong Kong? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Furthermore, the sources of air pollutants are not only from the vehicles, but also from the operations of factories and power stations, so only establishing law to prevent the drivers from idling the motor vehicle engines is not enough to protect our living environment. We need to have other possible solutions to help meliorating the problem. In order to reduce the air pollutants emitted by the vehicles, we suggest installing a 3-way catalytic converter, which can oxidize carbon monoxide to carbon dioxide 2CO + O2 2CO2, unburnt hydrocarbons to carbon dioxide and water CxH2x+2 + (3x+1)/2 O2 xCO2 + (x+1) H2O and reduce nitrogen oxides to nitrogen and oxygen 2NOx ï ¹ ¥N2 ï ¼â€¹ xO2. Nevertheless, the catalytic converter cannot be used on leaded petrol vehicles because Lead will poison the catalyst such as Platinum inside the converter. Indeed, there are more possible solutions to solve the problem. Expanding the rail network or using public transports instead of private cars can also improve the air quality because the amount of cars used can be reduced and the emission of pollutants from cars can also be diminished. The usage of environment-friendly cars are also effective due to the use of electricity instead of hydrocarbons to provide fuels for motion, but these types of cars have a higher cost and inconvenient for charging the batteries frequently. Moreover, planting trees not only can help absorbing the excess carbon dioxide emitted from power stations or vehicles, this method can also help regulating the temperature because carbon dioxide is a greenhouse gas which can cause global warming. To conclude, all people should have the responsibilities to take part in improving the air quality. The statutory ban is not sufficient to improve the air quality, so other methods which have mentioned before should be introduced. If people in Hong Kong can have more concern about our poor living environment, we are sure that they will contribute for improving it throughout their daily lives. We hope that people can pay more attention to this situation and thus Hong Kongs API can be lowered

Process Selection and Design Essays (956 words) - Sleep,

Looking at the initial process in getting myself and my children together, I found two major bottle neck areas, and other hindering factors that affect the process design related to preparing myself and my children ready for school and work. I have three children. My oldest is a girl and is 18 years old. The middle child is also a girl, and is 15 years old. The third is a boy, and recently turned 13 years old in May. The morning usually started with my alarm going off at 0630. I will admit that there are times when I do hit the snooze button to get an additional nine minutes of sleep, but my snooze limit is one! Once awake, I go to each child?s room to wake them up. My daughters consistently wake up, however, it usually takes another time or two to wake up my son. I then move on to the bathroom to shower, and to brush my teeth and finish hair and makeup. While I am showering, one of the children showers and brushes his or her teeth in the second bathroom. My son is normally sleeping until I finish my bathroom time, and gets the final wake up call to get up and to start his own shower. My daughters usually take turns showering in the other bathroom. After all bathroom activity, clothes are ironed. Usually, the first person done with bathroom time gets to the iron first. As I noted on the original flowchart, for the sake of time (or so I thought), if ironing was not complete by the time I needed to the iron, I finished all of the ironing myself. From the 0630 wake up (sometimes 0639), waking the kids and finishing my bathroom time about 25 minutes have gone by. If the ironing is not complete by each child, I am rushing by then to make sure their clothes are done, so that we can all get dressed and I can provide some type of breakfast. The type of breakfast depends on the amount of time available. We all must leave the house by 0745 to get to our respective places on time. If I am done dressing by 0715, I am able to actually cook something like eggs, bacon and toast. If running any later than that, it becomes a pop tart or cold cereal morning. Using the utilization metric in looking at my morning process, it is clear that many improvements are needed. The first bottleneck occurred at the bathrooms. There are two in the house, however, because everyone in my household was showering in the morning, a bottleneck occurred, accounting for unnecessary space between individual cycle periods while one person is waiting for the other to finish. This without a doubt affects our morning productivity causing unneeded delays. The second bottle neck occurred in the area of ironing clothes. Although there are two irons and ironing boards, four of us usually have ironing to do, and again, we run into a bottleneck and unproductive waiting time. My initial plan involved ridding the process of the unnecessary delays caused by the bottlenecks. The proposed solution for bathroom time involved at least two people bathing at night versus in the morning, thus freeing up the bathrooms and eliminating unnecessary halts in production. For ironing, the suggested improvement was weekend preparation of everyone?s clothing for the week. This eliminates extra steps in the morning process as well as halts in production. Changing showering time shaved a good 20 minutes off of the time we all spend in the bathrooms. Over the weekend, the girls faithfully prepared their clothes, but I found that the ironing job my son did towards the end wasn?t so great. Therefore I added to the process to check the clothing prepared before the weeks started to ensure things are done correctly before the week starts. Each child has a clock in the room, but none with loud alarms. Over the first weekend, I purchased three alarm clocks with blaring alarms and placed them across the room to ensure my kids would have to actually stand up and turn off the alarm. I set their alarms for 0600 to

Romeo And Juliet, Lovers For All Time 2 Essays - Free Essays

Romeo And Juliet, Lovers For All Time 2 Essays - Free Essays Romeo And Juliet, Lovers For All Time 2 Romeo and Juliet, Lovers for All Times For: English 442 Purdue University 1998 Chrisitan L Mattix Ever since the publications of the good quarto, published in 1599, Romeo and Juliet, by William Shakespeare, has been one of the classics of Western literature (Evans 1093). In being this, it has been produced many different times, in many different ways. I will be discussing how the production of this great play has changed over time. First, though, I will supply a little background for the play. The stories of two star-crossed lovers and forbidden passion are not new to literature. There were many works before Romeo and Juliet from which Shakespeare borrowed. Some of these include Mosuccio of Salerno in his 1476 work, Il Novellin o, Luigi da Proto with his Istoria . . .di due nobili Amanti, in about 1530, and Arthur Brookes three thousand line poem titled The Tragical History of Romeus and Juliet, published in 1562 (Evans 1055). All of these had the same themes as Romeo and Juliet. This borrowing of ideas and loose use of the text continued in the manner in which the play has been produced. In 1745 and 1750 David Garrick direct several productions of Romeo and Juliet (Branam 170). In these productions he made several changed to both the way the characters are presented and to the play itself. In a 1748 text, Garrick wrote a note To the Reader: The alterations in the following play are few and trifling, except in the last act; the design was to clear the Original, as much as possible from the Jingle and the Quibble, which were always thought the great objections to reviving it (qtd. In Branam 173). Garrick uses several means to remove the Jingle and Quibble from the play (Branam 173). Where he thought the rhyme and wordplay to be excessive he would compact it. For example the long drawn out exchange between Samson and Gregory in the first scene is compressed to four lines: Sam. Gregory, I strike quickly, being mov'd. Gred. But thou are not quickly mov'd to strike. Sam. A dog of the house of Montague moves. Greg. Draw thy tool then, for here come of that house. (qtd. In Branam 173) Garrick also took liberty with Romeo's lyrical nature. He shortened many of Romeo's lines in order to dull it somewhat. For example, Garrick shortens: Why such is love's transgression. Griefs of mine own lie heavy in my breast; Which thou wilt propagate, to have it prest With more of thine: this love that thou hast shown Doth add more grief to too much of mine own. From act one, scene one, to: Which thou wilt propagate with more of thine; This love, that thou hast shewn in my concern, Doth add more grief to too much of mine own. in his 1748 text (Branam 173-174). In reading the play the rhyme is missed, but in watching a performance the mood is more set by the interaction of the two lovers, then the actual words. Another change that Garrick made, albeit reluctantly and under pressure, was the complete removal of Rosaline from the play. In 1784 he explains: Many people have imagin'd that the sudden change of Romeo's Love from Rosaline to Juliet was a blemish in his Character, but alteration of that kind was thought too bold to be attempted; Shakespear [sic.] has dwelt particularly upon it, and so great a judge of human nature, knew that to be young and inconstant was extremely natural (qtd. In Branam 177). Garrick's largest, and most prominent, change was in modifying the tomb scene. Here Garrick borrows from Thomas Otwayis History and Fall of Caius Marius, published in 1679 and based on Romeo and Juliet (Branam 174). In Shakespeare's original work the act of the poison on Romeo is almost instantaneous, but in Garricks new rendition the poison acts slowly. This gives new light to both Romeo and Juliet's characters. Garrick designed the scene to be more tragic then the original play. In this rendition, Romeo sees Juliet and she speaks to him: I now remember well Each circumstance Oh my lord, my Romeo! Had'st thou not come, sure I slept for ever: But there's a sovereign charm in thy embraces That can revive the dead Oh honest Friar!

In the paper, analyze Vincents claims about how men and women are Essay

In the paper, analyze Vincents claims about how men and women are differentsimilar from the book, SelfMade Man by Norah Vincent - Essay Example Disguised as "Ned," Vincent entered an all-male world in which she joined a bowling league, dated women, worked as a door-to-door salesman, spent almost a month in a male catholic monastery, visited strip clubs and, to put the cherry on the top of the cake, joined a men-only therapy group. I her book, Vincent creates rich, experience-proof portraits of all the men she met in all these places and managed to describe male behavior in a very pictorial way. One should not forget though, that being a lesbian, she successfully separates sexuality from gender issues. It is fascinating how Vincent describes the internal reflections of this experiment on her self image. The result from censoring her emotions, while hiding under the mask of a male, was a deep psychological breakdown, a crisis of identity, which threw her into the depths of depression. Vincent's first daring act as a newborn male was to join a bastion of male friendship - she became a member of a local bowling team in a typical working-class Pennsylvania neighborhood. Her major problem was that she was a terrible bowler. Astonishingly, the men accepted her in the team. From this point on, her observations on the male world could begin. Among the first things to notice were the amazing generosity and support that they had. The bowling experience turned some of Vincent's perceptions about men being cruel and rejecting and women being warm and welcoming upside down. After nine months with the bowling team Vincent gained entrance to the inner sanctum of the masculine world. She found out that cursing and what seems to be verbal aggression among men is just a way for them to show affection for each another, without being too intimate. Her in-depth exploration of male friendship doesn't stop here. Unveiling the mystery of boys' nights out is one thing, but explaining the explicit nature of male sexuality is quite another. In order to gain a deeper understanding of the male sex drive, Vincent visited several strip clubs, accompanied by a male friend. She describes this experience as hellish. According to her, it was very demeaning for the strippers, but even worse for the men. Vincent says that the activities she witnessed there describe the essence of pure, male sex drive. Men who visit these clubs are completely depraved of any meaningful interaction, although naked women are dancing in their laps. Though she is attracted to women as a lesbian, she could never get sexually aroused from these visits. Vincent realized that there are major differences between male and female sexuality. According to her, female sexuality is a mental experience, while for a man, it is physical urge. This primitive urge can be a great disadvantage for men in modern society. Vincent claims that the act of simply hearing "no" from a woman can devastate a man. Women don't have to cope with the humiliating part of fighting for female approval. Men have to gather a lot of self esteem and courage, in order to cross the room and to introduce themselves to a total stranger who can easily degrade them in front of everybody by rejection. Saying the first words is a task which men are expected to fulfill and it is not a simple task. In most cases, she found out, saying those first words is very hard without sounding like a total jerk. If the opposite side is cruel enough, consequences can be very harmful

An Evaluation of WKMNs A Newbies Guide to Wireless Networks Tutorial Research Paper

An Evaluation of WKMNs A Newbies Guide to Wireless Networks Tutorial - Research Paper Example    These concepts include the radio frequency technology, mobile telephony, wireless area network (LAN), wireless personal area network, fixed wireless wide area networks (WAN), practical applications of these technologies in various business set-ups and other references that can be useful to the student who wants to learn more. Each of these topics contains subtopics that are detailed to the technology. Although the terminologies can give a complex impression especially to hearing of it for the first time, the tutorial is designed to ensure a simplified translation of such concepts that can be comprehended in the understanding level of its students. How the student grasp the concepts and ideas are critical to the objectives of creating this newbie tutorial as it will determine the productivity that they can make out of this wireless technology knowledge that a student will gain after going through the tutorial. I believe that WKMN has done an effective tutorial for this Newbieâ₠¬â„¢s Guide to Wireless Networks. The tutorial can be both beneficial to a beginner in wireless technology and someone who has a background already on this topic. The colorful multimedia design of the slide lessons itself included with audio, animation, text, and innovative quizzes allow the tutorial to impart the basic concepts of wireless LANs, mobile telephony networks, fixed last-mile wireless networks, personal area networks, and Bluetooth. It also discussed other important aspects to consider in employing wireless technology in a business such as the costs and efforts associated with physical cabling and the basics of radio frequency technology. There is also a segment on how the different frequency band-sharing schemes work which is another critical aspect. It simplified teaching the process on how analog and digital channels are cut by time or by frequency by using animations. The contents are also presented in what it calls â€Å"bite-sized nuggets† to maintain its s implistic approach and ensure the focus on conceptual understanding of the student. With the thousands of websites and resources available on the internet today, it is indeed easy to be overwhelmed especially on wireless technology topics. Since this is an online course, it caters to university students or company professionals who have little time for extra activities like this.  Ã‚  

Overview of the GCC States Essay Example | Topics and Well Written Essays - 1500 words

Overview of the GCC States - Essay Example This is aimed at providing an economical balance in the Gulf region and also envisaged a common currency in the area (Low and   Salazar, 2011). This would help the council to foster the growth of the private sector in the economy of the Gulf region through economic co-operation, scientific and technological progress, joint ventures and strengthening the ties of the people among the Arab states. The Gulf Co-operation Council also aims to set up a unified military structure involving the Arab States. About GCC Gulf Corporate Council is the economic and political alliance of six different Middle Eastern Countries, such as Qatar, Saudi Arabia, Kuwait, Bahrain, Oman and The United Arab Emirates (MSU, 2013). In the year 2007, the states of Gulf Corporate Council supported the International compact document with Iraq which was adopted in Egypt. In the year 2011, Saudi Arabia suggested that the Gulf Corporate Council intensify their integration in order to form a confederation. However, se veral objections rose against this specific proposal of Saudi Arabia by the other GCC countries. Several discussions are going on regarding the future membership of Morocco, Jordan and Yemen. Establishment of GCC GCC is the short form of Gulf Corporate Council. GCC was founded in Abu Dhabi in the year 1981. The original council of GCC comprised a total 630 million acre Persian Gulf state of the UAE, Saudi Arabia, Bahrain, Oman, Kuwait and Qatar. The integrated economic agreement between the GCC countries was signed in Abu Dhabi in the year 1981 (Britannica, 2013). These six countries are referred to as the Gulf Corporate Council states. There are several key objectives behind the formation of GCC. Fostering technical and scientific progress in agriculture, mining, industry, animal and water resources is one of the major objectives of Gulf Corporate Council. The GCC states aimed to develop several scientific research centers in order to enhance countries’ growth. In addition, they are trying to establish several important joint ventures. This strategy and idea can enhance the business environment of GCC countries. Devising similar regulations in different social, political and economical fields, such as finance, trade, religion, tourism, customs, administration and legislation is another major objective of the states of Gulf Corporate Council (Ahmad & Faris, 2010). These countries were facing threat of several outside attacks. Therefore, they tried to cohesive strong military presence in these countries. This unified military force is recognized as Peninsula Shield Force. In the year 1981, these several states of Gulf Corporate Council aimed to establish a common currency by 2010. GCC tries to encourage the cooperation of several private sector organizations. According to the states, this co-operation can enhance the economic environment of these six countries. Healthy social balance of a country is very much important in order to achieve future growth ( Kirgis, 2006). Therefore, Gulf Corporate Council aimed to strengthen the ties between the people of these countries. However, in the year 2006, Oman announced that the council cannot meet the objective within the target date. In addition, the country also announced that the