Equality essay Essays

Equality essay Essays Equality essay Essay Equality essay Essay Joel Augustine Response to class exercise: Today in our group the task at hand was to build the tallest freestanding structure using spaghetti, tape, string, and a marshmallow. We only had 18 minutes to build it and the final measurement would be measured from the top of the desk to the marshmallow at the top. When the timer went off our group was silent. I guess everyone was trying to plan out how we were going to do this. I decided it would be best to start of by making a base for this structure. It felt weird to be the first one to put an idea out, but the clock was ticking down, and the pressure was intensifying. After we built to base, which was a tripod of sorts I started to see assurance in the face of the people in my group. In my head I only had one thought, I had to win, well my group had to win. So I was putting out idea after idea, and melding them with the ideas of the my teammates. When we had about 20 inches, I saw that the spaghetti was leaning to one side. Thats when one of my teammates, I wont mention his name for his sake Ill call him Y. V kept saying that this ideas was not going to work and he kept moving the base of our structure, it almost fell. I got frustrated and told him to stop because I really didnt want to lose. I told him to not touch it unless I tell him to move something. Even though I saw that it was leaning I decided what the heck well just keep doing what were doing. And I became anxious when I saw the clock we only had about 8 minutes. We had enough time to come up with another idea put the pressure was too much. Then I decided to shake off the pressure, I had to, if we wanted to win. But it was too late. I was so caught up in myself and me winning I sort of blocked out what everyone around me was saying. One of the people in my group suggested using the string and tie to the top of the structure and then tape it to the desk so that it would stop leaning. I weighed out the outcomes and to me it looked pretty good. But it was too late we had about 30 seconds and only enough time to put on the marshmallow and watch the entire structure fall to one side from the excessive weight of the marshmallow. I think the reason I didnt listen to anyone about it leaning and soon falling was because I was so proud my plan, the plan I came up with was working. Also I wanted he people in my group to think I was smart and had good ideas. So when someone pointed out a defect, I couldnt stand for that. Also I didnt come up with any new ideas because every time I looked at the clock the time was ticking down faster and faster. So my brain sort of paused and I couldnt come up with anything to fix the problem at hand other than adding more spokes to the base. I wish I was able to clear up my mind. Maybe then I wouldnt have freaked out about not having enough time and maybe I would have listened to what everyone else was saying. Equality essay By Joel-Augustine

Command Economy Definition, Characteristics, Pros and Cons

Command Economy Definition, Characteristics, Pros and Cons In a command economy (also known as a centrally planned economy), the central government controls all major aspects of a nations economy and production. The government, rather than the traditional free market economy laws of supply and demand, mandates which goods and services will be produced and how they will be distributed and sold. The theory of a command economy was defined by Karl Marx in the Communist Manifesto as â€Å"common ownership of the means of production,† and it became a typical characteristic of communist governments. Key Takeaways: Command Economy A command economy- or centrally planned economy- is a system in which the government controls all facets of the nation’s economy. All businesses and housing are owned and controlled by the government.In a command economy, the government determines what goods and services will be produced and how they will be sold according to a multi-year central macroeconomic plan.In nations with command economies, health care, housing, and education are usually free, but the peoples’ incomes are controlled by the government and private investment is rarely allowed.In the Communist Manifesto, Karl Marx defined command economy as â€Å"common ownership of the means of production.†While command economies are typical of both communism and socialism, the two political ideologies apply them differently. While command economies are capable of rapidly making sweeping changes in a country’s economy and society, their inherent risks, such as overproduction and stifling of innovation, have driven many long-time command economies like Russia and China to incorporate free market practices in order to better compete in the global marketplace. Command Economy Characteristics In a command economy, the government has a multi-year central macroeconomic plan which sets objectives like nationwide employment rates and what the government-owned industries will produce. The government enacts laws and regulations to implement and enforce its economic plan. For example, the central plan dictates how all of the country’s resources- financial, human, and natural- are to be allocated. With the goal of eliminating unemployment, the central plan promises to use the nation’s human capital to its highest potential. However, industries must adhere to the plan’s overall hiring targets. Potential monopoly industries such as utilities, banking, and transportation are owned by the government and no competition is allowed within those sectors. In this manner, monopoly prevention measures such as anti-trust laws are unnecessary.   The government owns most, if not all of the country’s industries that produce goods or services. It may also set market prices and provide consumers with some necessities, including health care, housing, and education.   In more tightly-controlled command economies, the government imposes limits on individual income. Command Economy Examples Globalization and financial pressure have led many former command economies to change their practices and economic model, but a few countries remain faithful to the principles of command economy, such as Cuba and North Korea. Cuba Under Raul Castro, Fidel Castro’s brother, most Cuban industries remain owned and operated by the communist government. While unemployment is virtually nonexistent, the average monthly salary is less than $20 USD. Housing and health care are free, but all of the homes and hospitals are owned by the government. Since the former Soviet Union stopped subsidizing Cuba’s economy in 1990, the Castro government has gradually incorporated some free-market policies in an effort to stimulate growth. North Korean currency, featuring Kim Il-Sung, DPKRs first leader. johan10 / Getty Images North Korea The command economic philosophy of this secretive communist nation focuses on meeting the needs of its people. For example, by owning all of the homes and setting their prices accordingly, the government keeps the cost of housing low. Similarly, health care and education in government-operated hospitals and schools are free. However, with the lack of competition leaving them little reason to improve or innovate, the government-owned industries operate inefficiently. Overcrowded transportation facilities and long waits for health care are typical. Finally, with their incomes strictly controlled by the government, the people have no avenue for building wealth. Pros and Cons Some advantages of a command economy include: They can move quickly. Controlled by the government itself, industries can complete massive projects without politically motivated delays and fears of private lawsuits.Since jobs and hiring are regulated by the government, unemployment is consistently minimal and mass unemployment is rare.Government ownership of industries can prevent monopolies and their inherent abusive market practices, such as price gouging and deceptive advertising.They can quickly respond to fill critical societal needs such as health care, housing, and education, which are typically made available at little or no charge. Disadvantages of a command economy include: Command economies breed governments which limit the rights of individuals to pursue their personal financial goals.Due to their lack of free-market competition, command economies discourage innovation. Industry leaders are rewarded for following government directives rather than for creating new products and solutions.Since their economic plans are unable to respond to changing consumer needs in a timely manner, command economies often suffer from over and under production resulting in shortages and wasteful surpluses.They encourage â€Å"black markets† that illegally make and sell products not produced by the command economy. Communist Command Economy vs. Socialist Command Economy While command economies are typical of both communism and socialism, the two political ideologies apply them differently. Both forms of government own and control most industries and production, but socialist command economies do not attempt to control the peoples’ own labor. Instead, the people are free to work as they wish based on their qualifications. Similarly, businesses are free to hire the best-qualified workers, rather than having workers assigned to them based on the central economic plan. In this manner, socialist command economies encourage a higher level of worker participation and innovation. Today, Sweden is an example of a nation using a socialist command economy. Sources and Further Reference â€Å"Command Economy.† Investopedia (March 2018)Bon, Kristoffer G.; Gabnay, Roberto M. editors. â€Å"Economics: Its Concepts Principles.† 2007. Rex Book Store. ISBN 9712346927, 9789712346927Grossman, Gregory (1987): â€Å"Command economy.† The New Palgrave: A Dictionary of Economics. Palgrave MacmillanEllman, Michael (2014). â€Å".†Socialist Planning Cambridge University Press; 3rd edition. ISBN 1107427320