Micro Economic Environment Essay Example for Free

Micro Economic Environment Essay The economic environment consists of external factors in a business market and the broader economy that can influence a business. You can divide the economic environment into the microeconomic environment, which affects business decision-making such as individual actions of firms and consumers, and the macroeconomic environment, which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business, which means that you have little, if any, control over them. Lets take a look at both of these broad factors in more detail Macroeconomic influences are broad economic factors that either directly or indirectly affect the entire economy and all of its participants, including your business. These factors include such things as: Interest rates Taxes Inflation Currency exchange rates Consumer discretionary income Savings rates Consumer confidence levels Unemployment rate Recession Depression Microeconomic factors influence how your business will make decisions. Unlike macroeconomic factors, these factors are far less broad in scope and do not necessarily affect the entire economy as a whole. Microeconomic factors influencing a business include: Market size Demand Supply Competitors Suppliers Distribution chain such as retailer stores Why Is It Important? The economic environment of business will play a pivotal role in determining the success or failure of a business. Lets first consider some  macroeconomic factors. If interest rates are too high, the cost of borrowing may not permit a business to expand. On the other hand, if unemployment rate is high, businesses can obtain labor at cheaper costs. However, if unemployment is too high, this may result in a recession and less discretionary consumer spending resulting in insufficient sales to keep the business going. Tax rates will take a chunk of your income and currency exchange rates can either help or hurt the exporting of your products to specific foreign markets. Now, lets turn our attention to microeconomic factors for a bit. Market size may determine the viability of entering into a new market. If a market is too small, there may not be sufficient demand and profit potential. This leads us to the concept of demand and supply. If your product is in high demand but there is a low supply of it, you are going to make a tidy profit, but if your product is in low demand and the market is flooded with similar products, you may be facing bankruptcy. The quality and quantity of your competition will affect how well you do in winning customers in the marketplace. Suppliers are the arteries pumping vital supplies and resources to you for production. If you have problems with suppliers, it can clog up those arteries and cause serious problems. Likewise, the type of relationship you have with your distributors, such as retail stores, may influence how quickly your products leave their shelves. Summary The environment in which a business operates is very complex and has a great deal of influence on how a business performs and whether it will succeed. Macroeconomic factors influence not only a business but also all participants in an economy and include such things as interest rates, inflation, unemployment rates, taxes, discretionary spending, periods of growth and recession. Microeconomic factors also influence the success or failure of a business and include such things as market size, demand, supply, competitors, suppliers, and distributors.

Fear in Lord of the Flies Essays -- Lord of the Flies William Golding

Fear in Lord of the Flies In the novel the Lord of the Flies, written by William Golding, fear is the cause of all of the problems that take place on the island. At first, the island is thought to be splendid and a paradise, but as the boys' stay on the island increases, so, too, do their fears. The boys soon become afraid of each other and soon after that the boys break up and fight because of the fear. The boys' original fears are of what they think are beasts. "Then people started getting frightened" (Golding, 88). This was spoken by Ralph at an assembly because he knew that things were breaking up and he also knew why. It was the fear. In the novel the Lord of the Flies, fear is the root of the trouble that is caused on the island. The boys' fear turns into fear of each other after only a short time on the island. Many of the boys leave Ralph and join Jack's tribe of hunters because Jack provides them with fun. Jack's tribe goes hunting and has feasts and everyone, even if it is only for a short time, forgets about the beast and ignores it. After a while, though, some of the boys are in Jack's tribe because of their fear, but not their fear of the beast. They stay in Jack's group because they are afraid of Jack and, eventually, Roger. Jack controls them all by showing he is merciless; He's going to beat Wilfred. What for? Robert shook his head doubtfully. I don't know. He didn't say. He got angry and made us tie Wilfred up (176). Jack beats up members of his tribe for no reason at all, except to instill upon them the fear of himself. Soon, everyone is afraid of Roger also. The twins are forced to join Jack's tribe and are terrified of Roger. "You don't know Roger. He's a terror." "-and t... ...ic, see a beast sitting on top of the mountain and Ralph, Jack and Roger confirm what the twins saw, there is complete fear. No one is willing to walk alone or even to go deep into the forests, except for Simon. The boys are terrified and this is when things start to break up. Now, the fear moves on from what they think is the beast to something much more dangerous. Now, they are afraid of each other. At first the island is thought to be a paradise by the boys. It is a dream come true. The boys are living every child's fantasy. Then things start to go horribly wrong. Fear sets in. In this novel, William Golding illustrates that fear is everywhere and can wreak havoc on many things. In this case the boys become afraid of each other and for all of them survival becomes impossible. They eventually they realize that dreams can easily turn into nightmares.

Beowulf: Sigemund Episode Essay

One of the best literary devices the author of Beowulf uses is the use of episodes and digressions. Each of these episodes and digressions tell another story apart from the main plot of Beowulf, but sets up an introduction to the main plot. One such episode, the Sigemund episode, tells of valiant King Sigemund who received glory and honor through his killing of the dragon and possession of the hoard. Sigemund became a noble and experienced king, only to be betrayed and brought to his downfall. Beowulf was much the same as Sigemund, and both were great examples of heroes. The Sigemund episode introduces a comparison to Beowulf, foreshadows Beowulf’s downfall, and parallels the irony of Beowulf’s shortcomings. As we see in the following lines: â€Å"Sigemund’s name was known everywhere. / He was utterly valiant and venturesome, / a fence round his fighters and flourished therefore† (897-898), the author introduces Sigemund as an excellent comparison to Beowulf. The author uses the Sigemund episode to set up a better understanding of the character of Beowulf by describing a king much like himself. This allows the reader to understand the character of Beowulf and know what a noble and valiant character he was. The author presents Sigemund as a brave warrior who defeated the dragon, much like the victorious warrior that Beowulf was. And within the Sigemund episode, Heremod is introduced as a wicked king, an exact opposite of Sigemund and Beowulf. This allows the reader to compare the three kings, and promote Beowulf as a noble king such as Sigemund. Another purpose of the Sigemund episode within Beowulf is to foreshadow Beowulf’s defeat and downfall. Sigemund is a noble and mighty king, but is led to his defeat in the following lines: â€Å"†¦ The king was betrayed, ambushed in Jutland, overpowered / and done away with† (901-903). This defeat of Sigemund foreshadows Beowulf’s defeat and death during the battle with the dragon. As Sigemund and Beowulf are both valiant kings, they both are led to their failure and death. This part of the Sigemund episode gives the reader a glimpse of what is to come for Beowulf in the rest of the poem. From this episode, the author uses irony that Beowulf will become a great and mighty king, but also will come face to face with his destruction. The author uses this irony to connect the characters of Sigemund and Beowulf. Not only does the Sigemund episode foreshadow the downfall of Beowulf, but it also sets up a choice that Beowulf has to make. Beowulf has to either chose to be like Sigemund, a courageous and noble king, or take the path of Heremod, an evil king. This gives the reader a sense of uncertainty of the choice Beowulf will make. As the reader, the choice that Beowulf will make is obvious, but this is a huge choice of character for Beowulf. It gives a chance for Beowulf to prove his character, and allows the reader to understand the trustworthiness of Beowulf once he does chose to be a noble king. Among the various episodes and digressions within Beowulf, Sigemund’s episode sets up the best foreshadowing of Beowulf’s life. In all, Sigemund’s episode clues the reader in with what type of character Beowulf is. Sigemund is the perfect comparison to Beowulf, and this allows the reader to expect what is to come for Beowulf. Sigemund’s hymn apart from the main plot of Beowulf accomplished the task of introducing and setting up the destiny for Beowulf.

Global Warming And Its Impact On The World - 1042 Words

Global Warming Yarely Juarez Jack F.Macy Intermediate School Abstract Global warming is a topic that concern many scientists and other people. lbis paper will be stating on the causes,history, technology, and etc. Inthis research paper you will find most of the history of global warming, how it has had a impact on the world, how it impacts us and our daily lives, and etc. Also I (Yarely Juarez) will be stating what are the planning or direction of this technology. Many 7t11 graders do not put as much interest on global warming and on how it affects us. Also this essay will contain the evolution of this topic,which is global warming, the development of he alternative technology. It will also state the important people have increased the technology.Finally,the essay will provide some examples on why the technology is important. Introduction Global warming has been here for many years.It has had a great impact on the earth. What causes global warming? Well, that is a good question ,the causes of global warming are the following: greenhouse effect, factories, pollution, cars, climate change, and etc. In pollution there are specific things that cause global warming. For example carbon dioxide is a primary cause of global warming. How do cars cause global warming? Well, cars give out a gas that poisons the earth. Most likely the common cause of global warming is cars because we, as busy people, have to drive everyday most of the time. So,if we useShow MoreRelatedThe Impact Of Global Warming On The World1044 Words   |  5 PagesKhaterah Sayed Wheaton Period 6 January 4, 2016 Permafrost We hear about it on the news, we read about it in our textbooks, and it’s happening now. This â€Å"it† is global warming that is slowly tearing our earth apart. Mankind itself has been causing the earth’s temperatures to rise approximately 1.5 degrees Fahrenheit since 1880 due to constant emission of carbon dioxide from carbon based fuels. 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