Friday, January 24, 2020
How James Joyce Challenges His Readers in Ulysses and Finnegans Wake Es
How James Joyce Challenges His Readers in Ulysses and Finnegans Wake à à à In the history of written literature, it is difficult not to notice the authors who expand their reader's style and manner of reading. Some write inà an unusual syntax which forces the reader to utilize new methods of looking at a language; others employ lengthy allusions which oblige the reader to study the same works the author drew from in order to more fully comprehend the text. Some authors use ingenious and complicated plots which warrant several readings to be understood. But few authors have used all these and still more devices to demand more of the reader. James Joyce, writer of Ulysses and Finnegans Wake, uses extraordinarily inventive and intricate plot construction, creative and often thought-provoking word constructions, allusions to works both celebrated and recondite, and complex issues and theories when challenging his readers to expand their method of reading. à à à The plot, or story, of a book is the foundation upon which all else is constructed, and Joyce is renowned for his extraordinary plots, always innovative and always astonishing. In Ulysses, Joyce parallels the day of his protagonist, Leopold Bloom, with the journeys of Odysseus from Homer's Odyssey. Chapter by chapter, Bloom's travels throughout Dublin, along with the experiences of his young friend Stephen Dedalus and his unfaithful wife Molly, parallels the Odyssey. All the chapters are there: Telemachus, Nestor, Proteus, Calypso, the Lotus-Eaters, Hades, Aeolus, Lestrygonians, Scylla and Charybdis, Sirens, Cyclops, Nausicaà ¤ , Oxen of the Sun, Circe, Eumaeus, Ithaca, and Penelope. He even adds a chapter, Wandering Rocks, by subdividing Scylla ... ... challenged his readers to expand and enhance their reading method, to think for themselves, to read the raw thoughts of another, to read a hybrid language, to simply learn, and to become a better reader. Works Cited: Barger, John.à IQ Infinity- The Unknown James Joyce, Robot Wisdom Pages, 5/25/97: http://www.mcs.net/~jorn/html/jj.html Cave, Charles.à James Joyce Web Page, Ozemail Communications, 5/25/97: http://www.ozemail.com.au/~caveman/Joyce Joyce, James.à Finnegans Wake. New York, New York: Penguin USA, 1976 Joyce, James.à Ulysses, New York, New York: Random House Inc., 1992 McHugh, Roland.à Annotations to Finnegans Wake, Baltimore, Maryland: Johns Hopkins University Press, 1991 Thornton, Weldon.à Allusions in Ulysses, Chapel Hill, North Carolina: University of North Carolina Press, 1968
Thursday, January 16, 2020
Samsung Electronics Case
he Samsung Electronics Company has become the largest conglomerate in South Korea over the past decade. Net sales of the Samsung Group totaled $135 billion in 2004 and has 337 overseas operations in 58 countries. Electronic, finance, and trade and services are the three core sectors within the Samsung Group. Semiconductor products are classified into two different categories of chips, which are memory and logic. The net value of Samsung experienced rapid growth from 2000 to 2004, growing from $ 5. 5 billion to $12. 6 billion.We will use Porterââ¬â¢s five forces to analyze the industry structure and performance which will help gauge Samsungââ¬â¢s growth against its competitors. Entry into the semiconductor industry can be very costly and difficult because of high barriers to entry. These barriers include, economies of scale, high entry costs, and the difficulty in obtaining industry knowledge. In addition, firms like Samsung have established a strong reputation for quality and r eliable products which serve as powerful barriers to new firms hoping to enter the industry.The decreased chance of new entrants indicates a less competitive and more profitable industry. There are many buyers within the semiconductor industry, each controlling a relatively small share of the market. Samsung has a huge range of products they produce and can afford to do so at a low cost. Since the buyers control the industry and what is produced they have a significant amount of bargaining power. Furthermore, even though the amount of producers in the industry is fairly low, they offer many of the same products forcing them to compete on price.Samsung has a little above medium bargaining power with its suppliers. The semiconductor industry faces powerful suppliers but because defective memory is difficult and costly to identify, and could potentially destroy the entire value of Samsungââ¬â¢s product, it is very important for Samsung to establish a strong relationship with its sup pliers. In doing so, à Samsung usually pays a 1% price premium to its suppliers to ensure quality giving suppliers increased profit and more bargaining power in the industry.However, Samsung consumes a large volume of sales for its suppliers and can still earn a 5% discount because of this large volume and this discount can offset that 1% price premium. In conclusion, Samsung has a little above medium bargaining power over its supplier. Substitutes in the conductor industry are high for three reasons. First, products in the semiconductor industry are highly standardized. Secondly, other major companies in this industry have the ability to produce a large volume of similar products at average costs.Thirdly, there is the threat of new companies from China. However, these companies from China lack the technology to make high quality and low cost products. Therefore, at this point, Samsung does not need to worry about substitutes from Chinese firms. The semiconductor industry experien ces fierce rivalry between the firms. Similar to substitutes, there are six main rivals within the industry. Also, even though the Chinese companies are young/inexperienced, they are becoming a potential rival.No company has the absolute leading market share or absolute technology to break other major companies within the industry. Even though Chinese companies are inexperienced, these companies are having little or no trouble raising money from local government and they are willing to sacrifice profit in order to fight for market share. Over time, Samsung has established a strong competitive position relative to other firms in the semiconductor industry. Samsungââ¬â¢s emphasis on fast and efficient work has let them complete projects faster than other firms, giving them a competitive edge.An example of this occurred in the mid 1980ââ¬â¢s when Samsung was able to complete their first large manufacturing facility, a task that was predicted to take 18 months, in just 6 months by working around the clock. Samsung also has a strength in their location, with Samsungââ¬â¢s main R&D facility and all its fab lines located at a single site they are able to save an estimated 12% on fab construction costs. This advantage of location also allows their engineers to work closely together to quickly solve design and process engineering problems together, furthering their speed and efficiency advantage over their competitors.Samsung has also done a great job of identifying and seizing opportunities before their competitors, and taking risks that other firms may be unwilling to take. An example of this occurred in 1992 when Samsung decided to invest $1 Billion in increasing the size of the wafers used to cut the DRM chips to eight inches. This investment paid off and gave Samsung a distinct cost advantage that allowed them to gain the number one market share in the DRAM industry for 13 years. Samsung also identified and seized he opportunity to gain high profits throu gh product differentiation by customizing and catering to niche markets, offering over 1,200 different variations of DRAM products. In order to understand the internal Environment of the company. VRIO framework will be used to analyse the internal environment and à to help further understand the strategic position in the industry. Relatively low power of suppliers and large production factories allow Samsung to keep their cost low. Their low cost of production will enable them to enter into a price war with any company threatening to enter the market.They have the ability to lower their price to the point where it will become too costly for any other company to enter the market will deter additional entrants. Their low cost production ability also allows them to increase revenues and reinvest more money back into R&D. Additionally, having all of their engineers on site allowed for quicker design times and cut 12% of construction fabrication costs. However, rarity is not really an issue within the industry. There are multiple companies all with similar technology.Once Samsung can keep the low cost production system and reinvest to their R&D, they could achieve sustainable comp etitive advantage in the industry. Most customers are willing to pay a higher value for their products because they perceive Samsung to have better performance and superior design, quality, and service. The brand loyalty, brand reputation and quality(reliable product) are costly for the competitors to acquire or develop. The competitors also face a cost disadvantage in cost structures since Samsung has an outstanding low cost production system.Moreover, Samsungââ¬â¢s major competitors do not have the cutting edge technology to quickly overpass the quality of Samsungââ¬â¢s product. It would be difficult and costly for their competitors to imitate their technology. Samsung does a fairly good job exploiting their capabilities because of them building brand loyalty and a high quality product. With all of those advantages it becomes difficult for their competitors to capture Samsungââ¬â¢s market share. Finally, Samsung invested heavily in its employees more than any other competitor allowing them to focus on innovation and productivity (Include HR policies).Answer to question 1. Samsung employees a hybrid model of business level strategy which consists of cost leadership advantage and product differentiation. Samsungââ¬â¢s operating cost is $8. 90 per unit and it is well below the industry average $10. 3975 per unit. As of year 2003, samsung offers over 1200 different products. With a proper marketing strategy, Samsung built a high reputation and good brand image for its products allowing them to charge a premium price on most of its products. Answer to Question 2: Samsung has implemented their business strategy very well.They were able to become not only the industry cost leader but obtain a large degree of product differentiation. Above, we conducted a VR IO analysis of Samsung and identified their competitive advantages. However, the advantages are only temporary because they are not rare and any company can imitate them by spending a large amount of capital. Until this point though, all of the competitive advantages that Samsung has created have created positive economic profit. These profits can be realized in the large growth in the company from 2000 to 2004.Recommendations: Our recommendations are that Samsung continue to use their additional revenue from their low cost of production and higher margin to invest in R&D. This will ensure that Samsung has the best product on the market and continue to lower their production costs. By doing this, they will continue to make it costlier for new firms to enter the market. Investing into R&D is extremely costly/ high risk and could lead to failure if Samsung begins investing in the wrong type of products. However, if done properly, this investment can cement Samsung as the market leader and ensure high profitability for the future.
Wednesday, January 8, 2020
William Golding s Lord Of The Flies - 1381 Words
Transformation As people age, they generally tend to transform from young and oblivious children into wise and aware adults. A group of young boys arrived on the island as proper English schoolboys, but months later, they left as dirty, unkempt savages. In William Goldingââ¬â¢s novel Lord of the Flies, an array of young school boys find themselves stranded on an island as a result of a plane crash during World War Two. With no adults, rules, and nothing holding them back, they are left to fend for themselves. In the beginning, the boys elect Ralph as chief, and begin to gradually become accustomed to the island. Near the middle, the boys begin to divide themselves. Jack Merridew, once an innocent choir boy, is now transforming himself andâ⬠¦show more contentâ⬠¦At the beginning of Lord of the Flies, the rules of the conch are followed with deep reverence by most of the young, stranded boys. The rules are quite simple: a person can only talk if they have possession of the conch; those that do not have possession of the conch are not permitted to speak. As a result of the conch calling the boys together and it giving the survivors a democratic process for speaking, these simple rules bring order and democracy to an otherwise unrefined society. By the middle of the book, however, the conch has lost most, if not all, of its power to everyone besides Piggy and Ralph. They each believe that the conch alone has the power to hold the group together. If none of the boys follow the rules of the conch, then the hope of their survival is pointless. When Jack begins distancing himself from the rules of the conch and starts to only believe in hunting, Ralph realizes that if he blows the conch in an attempt to organize and the other survivors donââ¬â¢t respond, then all traces of the remaining civil behavior in the bots will be lost. After all, without a functional and organized society, they can begin their road to savagery. Near the end of Lord of the Flies, the conch has b een destroyed. While attempting to get Piggyââ¬â¢s glasses back after they had been stolen by Jackââ¬â¢s tribe, Piggy finds himself and the conch being struck down by a
Tuesday, December 31, 2019
Biography of Jean Baptiste Lamarck
Jean-Baptiste Lamarck was born in Northern France on August 1, 1744. He was the youngest of eleven children born to Philippe Jacques de Monet de La Marck and Marie-Franà §oise de Fontaines de Chuignolles, a noble but not rich family. Most men in Lamarcks family went into the military, including his father and older brothers. However, Jeans father pushed him toward a career in the Church, so Lamarck went to a Jesuit college in the late 1750s. When his father died in 1760, Lamarck rode off to a battle in Germany and joined the French army. He quickly rose through the military ranks and became a commanding Lieutenant over troops stationed in Monaco. Unfortunately, Lamarck was injured during a game he was playing with his troops and after surgery made the injury worse, he was decommissioned. He then went off to study medicine with his brother but decided along the way that the natural world, and particularly botany, were a better choice for him. Biography In 1778 he published Flore franà §aise, a book that contained the first dichotomous key that helped identify different species based on contrasting characteristics. His work earned him the title of Botanist to the King which was given to him by Comte de Buffon in 1781. He was able to then travel around Europe and collect plant samples and data for his work. Turning his attention to the animal kingdom, Lamarck was the first to use the term invertebrate to describe animals without backbones. He began collecting fossils and studying all sorts of simple species. Unfortunately, he became completely blind before he finished his writings on the subject, but he was assisted by his daughter so he could publish his works on zoology. His most well-known contributions to zoology were rooted in the Theory of Evolution. Lamarck was the first to claim that humans had evolved from a lower species. In fact, his hypothesis stated that all living things built up from the most simple all the way up to humans. He believed that new species spontaneously generated and body parts or organs that were not used would just shrivel up and go away. His contemporary, Georges Cuvier, quickly denounced this idea and worked hard to promote his own nearly opposite ideas. Jean-Baptiste Lamarck was one of the first scientists to publish the idea that adaptation occurred in species to help them better survive in the environment. He went on to assert that these physical changes were then passed down to the next generation. While this is now known to be incorrect, Charles Darwin used these ideas when forming his theory of Natural Selection. Personal Life Jean-Baptiste Lamarck had a total of eight children with three different wives. His first wife, Marie Rosalie Delaporte, gave him six children before she died in 1792. However, they did not marry until she was on her deathbed. His second wife, Charlotte Victoire Reverdy gave birth to two children but died two years after they were married. His final wife, Julie Mallet, did not have any children before she died in 1819. It is rumored that Lamarck may have had a fourth wife, but it has not been confirmed. However, it is clear that he had one deaf son and another son who was declared clinically insane. His two living daughters took care of him on his deathbed and were left poor. Only one living son was making a good living as an engineer and had children at the time of Lamarcks death.
Sunday, December 22, 2019
Paralleled Ideals between Fredrickson and Jefferson...
Social Contract is a theory that has been studied by many in an attempt to decide if it is modifiable or unchanging. In Thomas Jeffersonââ¬â¢s letters to Virginia, he reveals his feelings on the issues of slavery and the assimilation of Negros into the colonial population. Some of these ideas and beliefs paralleled in concepts when compared to the theories coined by Fredrickson: Group Separatism, Ethnic Hierarchy, Cultural Pluralism, and One Way Assimilation. When analyzing Fredricksonââ¬â¢s theories it is easy to identify similarities within the studied beliefs of Jefferson addressed in his letters to Virginia manuscript, but also you are able to identify differences as well. In his manuscript, Jefferson philosophies point towards an ethnocentric viewpoint when he talks about the needs and elitism of the colonial whites. He says that in order to maintain a purer society of whites the negro slaves must be removed, ââ¬Å"This unfortunate difference of color, and perhaps of faculty, is a powerful obstacle to the emancipation of these people [â⬠¦] while they wish to vindicate their liberty of human nature, are anxious also to preserve its dignity and beautyâ⬠(Jefferson 105). He hoped that by making policy around the removal and extradition of the slaves, the moral fabric of the colonies would remain pure and unaffected by the interaction or presence of Negro slaves in their population. This ideal most identifies with the Ethnic Hierarchy theory Fredrickson is responsible for. FredricksonShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words à |à 656 Pagesof the worldââ¬â¢s human population for the first time in history. He gives considerable attention to changes in city planning, patterns of urban growth, and important differences between industrialized Europe and North America and the developing world, as well as the contrasts in urban design and living conditions between different sorts of political regimesââ¬â communist, capitalist, colonial, and fascist. Particularly revealing are Spodekââ¬â¢s discussions of the influence of prominent urban planners
Saturday, December 14, 2019
Critical Thinking and Perception Free Essays
Prepare a 700-1000 words essay on ââ¬ËCritical thinking and Perception. ââ¬â¢ Perception is Reality. Identify an instance in your life where your perception of the reality situation was different from actual reality. We will write a custom essay sample on Critical Thinking and Perception or any similar topic only for you Order Now What did you think was going on? What was actually going on? Why was there such a difference? What did you learn and how has your thinking changed because of this? Critical Thinking Critical thinking is the purposeful and reflective judgment about what to believe or what to do in response to our observations, experience, verbal or written expressions, or arguements. It involves determining the meaning and significance of what is observed or expressed, concerning a given inference or argument, determining whether there is adequate justification to accept the conclusion as true. Fisher Scriven define critical thinking as ââ¬Å"Skilled, active, interpretation and evaluation of observations, communications, information, and argumentation. â⬠Parker Moore define it more naturally asâ⬠the careful, deliberate determination of whether one should accept, reject, or suspend judgment about a claim and the degree of confidence with which one accepts or rejects it. In simpler terms, Critical thinking is disciplined logical thinking governed by clear intellectual standards. Critical thinkers must always seek truth and reality. It employs not only logic but broad intellectual criteria such as clarity, credibility, accuracy, precision, relevance, depth, breadth, significance and fairness. While thinking critically we must give due consideration to the evidence, the context of judgment, the relevant criteria for making the judgment correctly, the applicable methods or techniques for forming the judgment, and the applicable theoretical constructs for understanding the problem and the question at hand. Critical Thinking and Perception Perception is an extremely common word used to define our own thinking and beliefs about certain situations and facts. The word ââ¬Å"perceptionâ⬠comes from the Latin words perceptio, percipio, and means ââ¬Å"receiving, collecting, action of taking possession, apprehension with the mind or senses. â⬠It is the process of attaining awareness or understanding of sensory information. The classic question, ââ¬Å"Is the glass half empty or half full? â⬠serves to demonstrate the way an object can be perceived in different ways. People with different mindsets and different experiences in life will perceive it differently. Optimistic people and individuals with a positive outlook towards life will perceive it a glass half full. Whereas pessimistic people will view it as a glass half empty. Thus it can be maintained that Perception is unique to every individual and is simply oneââ¬â¢s interpretation of reality. When we view something with a preconceived concept about it, we tend to take those concepts and see them whether or not they are there. This problem of perception stems from the fact that humans are unable to understand new information, without the inherent base of their previous knowledge. Thus we always tend to perceive things based on their past experiences, previous knowledge, point of views and our socio cultural environment. Critical Thinking does not recognize perception as the correct reasoning technique and calls for evident, logical and accurate facts. It seeks to achieve and establish reality and truth as it is without any distortions. It also maintains that perceptions are not always coincidental with reality. Life Instance and ââ¬ËMy Perceptionââ¬â¢ (What did I think was going on? ) Since childhood I had been quite an opinionated girl. Most of the times I strongly maintained my own point of view but I was never rigid. As all people I also had my own perceptions based on whatever I saw, read or heard about, experienced personally and experiences of people close to me. I grew up in a cozy and protected environment where I had very limited interactions with people from a socio cultural background different than mine. As a result I had my own pre-conceived notions about people from different religion especially about Muslims and their beliefs and lifestyle. As a child studying in a Convent school, I never had Muslim friends. The only interaction or limited exposure I had about Muslims been limited to bits of information passed on by my dad about his workers and the news channels. As a result of this I was wary of making friends. Somehow I had a weird theory in my mind where I perceived all Muslims to be an absolute different type of people with a very different lifestyle. I imagined Muslim men to be huge giantly men with strange beards dressed in white kurtas with keffiyah on their shoulders. I had also thought them to be mostly uneducated, orthodox and backward people. On my brief trips to old Delhi I had always seen Muslim women clad in burqas. I thought those women would feel restricted and oppressed all their lives since their contact with outside world is so limited. No body could see their beautiful clothes and accessories. I also thought of Islam as a rigid religion with strict rules forcing people to read Namaaz five times a day. In my ignorance, I perceived it to be an unfair social system for women as polygamy is acceptable. It is quite obvious that my perceptions were far from reality and were just those ââ¬â narrow-minded perceptions. Rendezvous with ââ¬ËRealityââ¬â¢ (What was actually going on? ) My perception about the religion changed drastically changed with my growing up years and especially when I joined college. My graduation college (a leading fashion design college in Delhi) was truly cosmopolitan in nature. It was a melting pot of various cultures and lifestyles. It had students from all walks of life and varied socio cultural backgrounds. As a class all of us were supposed to interact with maximum number of people and work together as a team. There I met many new friends and made some for lifetime. One of them was Aslam- a lanky but a super stylish Muslim boy. He was an absolute contrast to my ill-conceived perceptions about Muslims. He did not wear ill fitted kurtas and had done his schooling from a leading school of Delhi. He belonged to a very educated family. I was surprised and I started changing my thinking. After some time when we became close friends I realized Islam is not a rigid religion and does not force people to read Namaaz five times a day. It is in fact the most misinterpreted religion, which only suggested that men could remarry to support helpless women in times of distress and war etc. I realized all the burqa-clad women I always saw in Old Delhi were not the only Islamic lifestyle. My friendââ¬â¢s mother is a businesswoman and his sisters lived their lives in a manner quite similar to mine. The biggest revelation was that he is a vegetarian by choice and very secular in nature. He also faced same late teenage issues as mine and held similar political and social beliefs. In short his life was very similar to anyone elseââ¬â¢s life of our age. The only difference lied in the gods we prayed to and the way we prayed. It was an eye opener as well as a heart-warming experience for me. And today he is one of my dearest friends whose friendship I will always cherish. His friendship has enriched me as a person in many ways. A Changed Me (What did I learn and how has my thinking changed because of this instance? ) My friendship with Aslam over a period of 4 years has changed me and made me a changed person today. I now realize my perceptions about Islam and Muslims were absolutely baseless and wrong. All my childhood years I was not thinking critically or correctly and I had fallen prey to unwarranted assumptions about Muslims, which were not based on any proofs or conclusive evidence. Based on my little and incorrect knowledge, I had mistakenly perceived and stereo typed a huge group of diverse people into an uneducated, unaware and rigid community. I drew a wrong conclusion about a large group of people from an extremely small sample of very few Muslims I indirectly came across my brief Old Delhi trips and my fatherââ¬â¢s conversations. I learnt that one must not formulate their own theories and view point about people, situations and facts without confirming the logic behind it. Every individual is different and one must never stereotype a large group based on inaccurate information or perceptive theories. But since we are human beings and we are bound to perceive, it always helps to be a little flexible about our opinions and welcome rightful changes. The experience of getting to know someone from a completely different religion has changed my perspective towards people. Today I am not that narrow-minded girl anymore but a better individual with a broader thinking capacity and a deeper understanding of our Indian multi lingual religious and cultural social fabric. I am now open and mentally well prepared to make friends from different backgrounds. This experience has also helped me to cope up with social life in MBA College where students belong to varied nationalities and milieu. As a matter of fact I now look forward to interact with new and different people and make as many friends as possible irrespective of their religion, nationality, ethnical backdrops etc. (*** PS : This is just to explain how I have changed as a person and not to hurt anyoneââ¬â¢s religious sentiments. I am very glad I came across this experience as it has changed my wrong perceptions and opened my eyes to a new world full of new and good How to cite Critical Thinking and Perception, Papers
Friday, December 6, 2019
Principles of Microeconomics Business System - MyAssignment.com
Question: Discuss about the Principles of Microeconomics Business. Answer: Introduction: The demand for a product depends on a number of factors like the price of the product, the income of the individual, the availability and price of other related commodities like substitutes and complements and the tastes and preferences of the consumers. On the other hand, the primary determinants of the supply of a product is the demand structure in the market, the price of the product, the price of inputs and other intermediate goods used in the production process, the availability of the factors of production required to produce the commodity, etc. (Pindyck and Rubinfeld, 2009). The demand for desktops depends primarily on the price of desktops, the incomes of individuals who can generate the demand for desktops, the availability and price of other related goods like laptops and tablets which act as substitutes and internet, software programs, etc. that would be complementary and also the tastes and preferences of the potential consumers in the market. The supply of desktops will again depend on the ongoing market price of similar desktops in the market, the prices and availability of inputs required in the production process like capital and labour or the price of keyboards and mouse required to be supplied with the desktop (Varian, 2009). Demand for Desktop The demand for desktops essentially depends on the price of desktops. When the price of desktops increases, the demand for desktops will fall and vice versa given that the other factors determining demand are constant (Mankiw, 2009). There is an inverse relationship between the price and the demand for desktops. Hence the demand for desktops with respect to price is represented by the downward sloping demand curve D. When the price was P, the demand for desktops was Q. when price increases to P, the demand falls to Q. Hence price determines the demand. Another primary determinant of the demand is the income of the individuals who generate potential demand for desktops. As the income of consumers increase, the demand for desktops will increase (Varian, 2009). This is shown in the following figure: As the income of the consumer increases, given the price, the demand curve shifts to the right. This is as shown in the figure by the movement from D to D. For the same price P, the demand increases from Q to Q with the increase in the income. Thus there is a positive relationship between the demand for desktops and the income of consumers. The demand for desktops will also depend on the price of related products like substitutes and complements. The primary substitute of desktop is laptop (Pindyck and Rubinfeld, 2009). When the price of laptop falls, the demand for desktops will shift to that of laptops. Laptop, as a device, is much more convenient to be used than a desktop. But people still purchase desktops because of the relatively mower price of the same. However, if the price of laptop falls, the demand for laptops will increase and that for desktops will fall. Another remote substitute can be tablets which serve at least some of the purpose. This is shown in the following figure: A decline in the price of laptops reduces the demand for desktops as represented by the shift of the demand curve from D to D. Thus, even when the price of desktops remains the same, the demand for desktops falls from Q to Q. Consumers will now substitute their purchase of desktops with that of laptops. Another substitute for desktops will be the same kind of desktops produced by other competitors. Thus when the price fluctuates for one brand, people might shift to purchasing some other brand (Mankiw, 2014). The complements of desktops may be an internet connection or some software programs that a person needs to use. Individuals primarily purchase desktops to enable the use of internet at home. However, if the cost of internet service is high, then the demand for desktops will fall because the main purpose of buying a desktop will not be solves if people cannot afford to purchase the internet connection (Varian, 2009). Again, let an individual wants to buy a desktop to install some software that he might want to learn. If the price of the software increases, the demand for the desktop will also increase again because the main purpose of purchasing the desktop will not be fulfilled. This is shown in the following diagram: The figure is the same as the above case. When the price of internet connection or different software programs increase, the demand for these will fall. This fall in the demand for complementary goods will translate into a fall in the demand for desktops on the part of consumers who want to use both together. This is represented by a shift of the demand curve from D to D. The quantity demanded of desktops falls from Q to Q. Thus cheaper substitute goods reduce the demand for desktops and cheaper complementary goods increases the demand for the same (Pindyck and Rubinfeld, 2009). The demand for desktops is also determined by the tastes and preferences of consumers. The demand changes with changes in the tastes and preferences of potential consumers in the desktop markets. With changing economic conditions, the tastes and preferences of consumers change and hence their demand for desktops will also change. As and when the economy is advancing, there is an evident shift in the demand for desktops because people are demanding more of laptops due to the convenience involved. Hence the demand for desktops will fall. The supply of desktops fundamentally depends on the price of desktops. When the market price increases, the supply of laptops will also increase as shown in the following diagram: The curve S represents the supply of desktops with respect to the price. When the price is P, the supply is Q. As the price increases to P the supply also increases to Q. Thus supply is positively relative to the tentative price in the market. As the demand for a desktops rises in the market, the price increases in order to eliminate excess demand. However, the supply also adjusts in order to meet the increasing demand. Hence, when demand increases, the supply also rises (Mankiw, 2014). The supply of desktops also depends on the price of inputs such as hardware, screens, etc. and keyboards, mouse etc. The cost of production basically determines the supply of desktops. As the cost of production increases, the supply of desktops will fall and vice versa. Thus is shown in the following diagram: Given the price of desktops, when the cost of production increases, the supply curve shifts leftwards from S to S. Thus, the supply of desktops will fall from Q to Q. The reduction in the supply is due to a rise in the cost of production resulting from rising factor costs. Conclusion Thus, the demand and supply of desktops depend on a variety of factors. The changes in the two components will depend on the relative changes in all the given factors. The equilibrium in the desktop market is established when the demand for desktops in the market is exactly equal to the supply of desktops. In that case, there will be no excess demand or excess supply in the market (Varian, 2009). The market structure for desktops thus depends on all the determinants of demand and supply. It will change as and when any of these factors change. Other than the given factors, there will be many other random factors that might affect the demand or the supply on an occasional basis. References Pindyck, R. and Rubinfeld, D. (2009). Micreconomics. 7th ed. New Jersey: Prentice Hall. Varian, H. (2009). Intermediate Microeconomics: A Modern Approach. 8th ed. New York: W. W. Norton Company. Mankiw, N. (2014). Principles of Microeconomics. 7th ed. USA: South-Western College Pub.
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