Wednesday, October 30, 2019
Business law (Qatar) Essay Example | Topics and Well Written Essays - 1250 words
Business law (Qatar) - Essay Example Qatar is regarded as one of those wealthy countries in the world along with greatest mounting economies in the Gulf Cooperation Council (GCC). It is worth mentioning that Qatar has introduced and developed trademark law for gaining help in conducting a business efficiently in varied domestic regions (Government of the State of Qatar, 2015). According to Qatar law, infringement is deemed to be regarded as one of the crucial issues. Thus, to prevent infringement in Qatar, domestic companies can register their trademarks according to industrial design governing the trademark, which came into effect after the year 2002. Companies are ought to commercially register for trademark law to get qualified for the respective services. Besides, any company in Qatar can use this trademark registration for ten years (WIPO, 2006). The various forms of trademark can be clearly understood from the following tabular representation: According to Qatar Trademark Law no. 3/1978, the Qatari official regulates the defense of trade as well as industrial marks. There lay certain specific processes or steps for registering the trademark for any company in Qatar (Government of the State of Qatar, 2015). According to the article 9 to 12, the processes of registering trademark have been discussed in detail below. Under the trademark law in Qatar, an owner of trademark can resort to civil remedies, if any case of infringement made by third party. Then, only the owner can forward this process along with filing a lawsuit before the court of civil jurisdiction (Simmons & Simmons, 2013). The respective government of Qatar is planning to adopt an effecting law to combat phishing as well as cyber-squatting, but this plan of the government is still waiting for the approval of higher authority of ministry. In relation to this consequence, cases related to online transactions as
Monday, October 28, 2019
Marketing Plan Proposal Essay Example for Free
Marketing Plan Proposal Essay I will develop a marketing plan for my companyââ¬â¢s new product, the ââ¬Å"Walker Photo Display Storage Solutionsâ⬠product I will introduce on the global market next year sometime. The ââ¬Å"Walker Photo Display Storage Solutionsâ⬠product will allow any kind of loose photographs to be easily displayed in a collage format on any bare wall anywhere. It will include a divided safe storage box designed to protect loose photographs from damaging light, chemicals and rough handling to name a few things! I think my target audience is teenage boys and girls, male female college students, educators, homemakers, business owners, retired folk, hobbyists, collectors and basically anyone that has a need and desire to do something with the piles of loose photographs we all have laying around the house! I will directly market to pre-teen and teenage kids, college students and their faculty members, housewives and husbands, law enforcement, real estate, the entertainment industry, businesses and numerous other identified and yet to be identified markets! I have perceived there was a need to create something specific, simple, durable, easy to use, inexpensive, customizable and practical to display and store all the loose photographs I had laying around and the ones I saw elsewhere laying around, unseen, decomposing and being neglected. I had taped loose photographed to my wall on occasion in a sort of collage formation, but it looked kind of cheesy, so I felt I could create something cool to display and store them in! After a few years of random surveyââ¬â¢s with various people from all walks of life, I found my perception to be correct, that there was indeed a genuine need for my invention, and it appeared there was a vast global market for it! Creating this product so it can be easily ordered, customized and received will be a bit of a challenge, but one that I believe is well worth taking. I am very passionate about my new product that will be distributed from my new company, ââ¬Å"DoakUnlimited.llcâ⬠. So, it is my intention to solve the decades old question dilemma of what to do with all the millions and millions of loose photographs lying around in drawers, shoeboxes and elsewhere!
Saturday, October 26, 2019
Nature Themes in Hurstonââ¬â¢s Novels, Their Eyes Were Watching God and Ser
Nature Themes in Hurstonââ¬â¢s Novels, Their Eyes Were Watching God and Seraph on the Suwanee Nature themes resound throughout Hurstonââ¬â¢s Their Eyes Were Watching God and Seraph on the Suwanee. Perhaps two of the most notable instances where the lush Florida scenery augments the novelsââ¬â¢ plot lines are the ââ¬Å"tree scenesâ⬠, in which Janie kisses Johnny Taylor beneath the pear tree in Their Eyes Were Watching God (p. 10-12) and Arvey loses her virginity to Jim beneath the mulberry tree in Seraph on the Suwanee (p. 37 & pp. 50-53). Close readings of the two passages reveal sexually charged language. In Their Eyes Were Watching God, the pear treeââ¬â¢s ââ¬Å"barren brown stemsâ⬠and the ââ¬Å"snowy virginity of bloomâ⬠are referenced, possibly emphasizing Janieââ¬â¢s naivetà © in her dealings with love and passion (she sees no harm in the kiss, while her grandmother views it as an omen of Janieââ¬â¢s soon-to-be-lost innocence) and Janieââ¬â¢s own inability to have children, regardless of any sexual awakening she may experience. The scene is also rife with mentions of the pollinating bees, a symbol of fertility. Jani...
Thursday, October 24, 2019
Helping Children with Incarcerated Parents Essay -- big brother big si
A serious issue facing this country today is the 2.7 million children currently being left behind with incredible pain while their parents are being placed behind bars (Maier 91). They are left behind with not only pain, but the struggles of living day to day life without the guidance of their parents, as well as having to find a new home. According to child development specialist and the founding director of the Center for Children of Incarcerated Parents, Denise Johnston, ââ¬Å"there are over 10 million minor children in the United States who have dealt with parental incarceration over the course of timeâ⬠(91). The Big Brother Big Sister (BBBS) program needs to take the initiative in the process of reunification between parents who have been incarcerated, and the children which whom they leave behind. The Big Brother Big Sister program is designed to nurture children that have not had that sense of connection before, also helping them to recognize their potential, as well as helping them to build a bright future. The BBBS program serves many children in the world that deal with various challenges in life, but one program in relation is the Amachi program. ââ¬Å"The Amachi program specifically helps children with an incarcerated parent to broaden their perspectives on what they can achieve in life and help them to overcomeâ⬠(Big Brother Big Sister). Along with the responsibilities they possess, the Amachi/BBBS program should also help to reunify these children back with their parents once they are released from incarceration. Ultimately, having these BBBS mentors there to encourage these children to visit their parents is creating an easier path to complete reunification. According to R. Anna Hayward and Diane DePanfilis of the Univers... ..." Social Work in Public Health. 27.1-2 (2012): 12-28. Web. 10 Apr. 2014. Maier, Katrin. ââ¬Å"Children of Incarcerated Parents.â⬠Taylor & Francis Online. 12.1 (2006): 91-105. Web. 25 Feb. 2014. Merenstein, Beth, Ben Tyson, Brad Tilles, Aileen Keays, and Lyndsay Ruffiolo. "Issues Affecting the Efficacy of Programs for Children with Incarcerated Parents." Journal of Correctional Education. 62.3 (2011): 166-174. Web. 4 Mar. 2014. Osofsky, Joy D. Young Childrn and Trauma: Intervention and Treatment. New York: Guilford Press, 2004. eBook. Reed, Diane F., and Edward L. Reed. "Children of Incarcerated Parents." Social Justice. 24.3 (1997): 152-169. Web. 10 Apr. 2014. United States. U.S. Government Accountability Office. Child Welfare: More Information and Collaboration Could Promote Ties Between Foster Care Children and Their Incarcerated Paents. Washington: , 2013. Web.
Wednesday, October 23, 2019
Explanation of Modern Physics
Explanation of Modern Physics While the term ââ¬Å"modern physicsâ⬠often suggests that all that came before it was incorrect, 20th and 21st century additions to physics simply modified and expanded the phenomena which Newton and his fellow scientists had already contrived. From the mid-1800ââ¬â¢s onward, new advances were made in the way of physics, specifically the revolutions of Einsteinââ¬â¢s relativity, removing mankind further from the absolute, and quantum mechanics, which replaced certainty with probability. All of this led to an advance in nuclear weaponry, the advancement of laser technology, and the information age of computers.Although it directly contradicted the classical equipartition theorem of energy, black body radiation was one of the first discoveries in modern quantum mechanics. This theorem states that within thermal equilibrium, where each part of the system is the same temperature, each degree of freedom has 12kBT, kB representing the Boltzmann con stant, of thermal energy associated with it, meaning that the average kinetic energy in the translational movement of an object should be equal to the kinetic energy of its rotational motion.By this point, it was known how heat caused the atoms in solids to vibrate and that atoms were patterns of electrical charges, but it was unknown how these solids radiated the energy that they in turn created. Hertz and other scientists experimented with electromagnetic waves, and found that Maxwellââ¬â¢s previous conjectures that electromagnetic disturbances should propagate through space at the speed of light had been correct. This led to the explanation of light itself as an electromagnetic wave.From this observation, it was assumed that as a body was heated, the atoms would vibrate and create charge oscillations, which would then radiate the light and the additional heat that could be observed. From this, the idea of a ââ¬Å"black bodyâ⬠formed, an object that would absorb all radia tion that came in contact with it, but which also was the perfect emitter. The ideal black body was a heated oven with a small hole, which would release the radiation from inside.Based on the equipartition theorem, such an oven at thermal equilibrium would have an infinite amount of energy, and the radiation through the hole would show that of all frequencies at once. However, when the experiment was actually performed, this is not the result that occurred. As the oven heated, different frequencies of radiation were detected from the hole, one at a time, starting with infrared radiation, followed by red, then yellow light, and so on.This proved that high oscillators are not excited at low temperatures, and that equipartition was not accurate. This discovery led to Stefanââ¬â¢s Law, which said that the total energy per square unit of black body per unit time, the power, is proportional to the absolute temperature to the fourth power. It also led to Wienââ¬â¢s Displacement Law, stating that the wavelength distributions of thermal radiation of a black body at all temperatures have essentially the same shape, except that the graphs are displaced from each other.Later on, Planck characterized the light coming from a black body and derived an equation to predict the radiation at certain temperatures, as shown by the diagram below. For each given temperature, the peaks changed position, solidifying the idea that different temperatures excite different levels of the light spectrum. This was all under the assumption that radiation was released in quanta, now known as photons. All of these laws help modern physicists interpret radiation and make accurate estimations at the temperature of planets based on the radiation that comes from them.Einstein used the same quantization of electromagnetic radiation to show the photoelectric effect, which disproved the idea that more intense light would increase the kinetic energy of the electrons radiated from an object. Photo electric effect was originally the work of Heinrich Hertz, but was later taken on by Albert Einstein. Einstein determined that light was made up of packets of energy known as photons, which have no mass, but have momentum and energy given by the equation E=hf, h representing Planckââ¬â¢s constant and f representing the frequency of the light used.Photoelectric effect explains that if light is shone on a metal with high enough energy, electrons will be released from the metal. Due to the energy equation, light of certain low frequencies will not cause the emission of electrons, not matter how intense, while light of certain high frequencies will always emit electrons, even at a very low intensity. The amount of energy needed to release electrons from a metal plate is dependent upon the type of metal it is, and changes from case to case, as every type of metal has a certain work function, or an amount of energy needed to remove an electron from its surface.If the photons that hit t he metal plate have enough energy as the work function of the metal, the energy from the photon can transfer to an electron, which allows it to escape from the surface of the metal. Of course, the energy of the photon is dependent upon the frequency of the light. Einstein postulated that the kinetic energy of the electron once it has been freed from the surface can be written as E=hf-W, W being the work function of the material. Prior to Einsteinââ¬â¢s work in photoelectric effect, Hertz discovered, mostly by accident, that ultraviolet light would knock electrons off of metal surfaces.However, according to the classical wave theory of light, intensity of light changed the amplitude, thus more intense light would make the kinetic energy of the electrons higher as they were emitted from the surface. His experiment showed that this was not the case, and that frequency affected the kinetic energy, while intensity determined the number of electrons that were released. By explaining th e photoelectric effect, scientists find that light is a particle, but it also acts as a wave. This help support particle-wave duality.In order to explain the behavior of light, you must consider its particle like qualities as well as its wave like qualities. This means that light exhibits particle-wave duality, as it can act as a wave and a particle. In fact, everything exhibits this kind of behavior, but it is most prominent in very small objects, such as electrons. Particle-wave duality is attributed to Louis de Broglie in about 1923. He argued that since light could display wave and particle like properties, matter could as well.After centuries of thinking that electrons were solid things with definite positions, de Broglie proved that they had wave like properties by running experiments much like Youngââ¬â¢s double slit experiments, and showing the interference patterns that arose. This idea helped scientists realize that the wavelength of an object diminishes proportionally to the momentum of the object. Around the same time that de Broglie was explaining particle-wave duality, Arthur Compton described the Compton effect, or Compton scattering.This was another discovery which showed how light could not solely be looked at as a wave, further supporting de Broglieââ¬â¢s particle-wave duality. Compton scattering is a phenomenon that takes place when a high-energy photon collides with an electron, causing a reduced frequency in the photon, leading to a reduced energy. Compton derived the formula to describe this occurrence to be ? ââ¬Ë-? =hCme1-cos? = ? c(1-cos? ), where ? ââ¬Ë is the resulting wavelength of the photon, ? is the initial wavelength of the photon, ? is the scattering angle between the photon and the electron, and ? c is the wavelength of a resting electron, which is 2. 26 ? 10-12 meters. Compton came about this by considering the conservation of momentum and energy. Although they have no mass, photons have momentum, which is defined by ? =Ec=hfc=h?. In order to conserve momentum, or to collide at all, light must be thought of as a particle in this case, instead of a wave. Quantum mechanics is not the only facet of modern physics, and it shares equal importance with relativity. Relativity is defined as the dependence of various physical phenomena on relative motion of the observer and the observed objects, especially in relation to light, space, time, and gravity.Relativity in modern physics is hugely attributed to the work of Albert Einstein, while classical relativity can be mainly attributed to Galileo Galilei. The quintessential example of Galilean relativity is that of the person on a ship. Once the ship has reached a constant velocity, and continues in a constant direction, if the person is in the hull of the ship and is not looking outside to see any motion, the person cannot feel the ship moving. Galileoââ¬â¢s relativity hypothesis states that any two observers moving at constant speed and direction with respect to one another will obtain the same results for all mechanical experiments.This idea led to the realization that velocity does not exist without a reference point. This idea of a frame of reference became very important to Einsteinââ¬â¢s own theories of relativity. Einstein had two theories of relativity, special and general. He published special relativity in 1905, and general relativity in 1916. His Theory of Special Relativity was deceptively simple, as it mostly took Galilean relativity and reapplied it to include Maxwellââ¬â¢s magnetic and electric fields. Special relativity states that the Laws of Physics are the same in all inertial frames.An inertial frame is a frame in which Newtonââ¬â¢s law of inertia applies and holds true, so that objects at rest stay at rest unless an outside force is applied, and that objects in motion stay in motion unless acted upon by an outside force. The theory of relativity deals with objects that are approaching the speed o f light, as it turns out that Newtonââ¬â¢s laws begin to falter when the velocity gets too high. Special relativity only deals with the motion of objects within inertial frames, and is quite comparable to Galilean relativity, with the addition of a few new discoveries, such as magnetic and electric fields and the speed of light.The theory of general relativity is much more difficult to understand than special relativity due to the fact that it involves objects traveling close to the speed of light within non-inertial frames, or frames that do not meet the requirements given by Newtonââ¬â¢s law of inertia. General relativity coincides with special relativity when gravity can be neglected. This involves the curvature of space and time, and the idea that time is not the definite that we have always assumed that it was. General relativity is a theory that describes the behavior of space and time, as well as gravity.In general relativity, space-time becomes curved at the presence o f matter, which means that particles moving with not external forces acting upon them can spiral and travel in a curve, which becomes conflicting with Newtonââ¬â¢s laws. In classical physics, gravity is described as a force, and as an apple falls from a tree, gravity attracts it to the center of the Earth. This also explains the orbit of planets. However, in general relativity, a massive object, such as the sun, curves space-time and forces planets to revolve around it in the same way a bead would spiral down a funnel.This idea of general relativity and the curvature of space-time led scientists to realize what black holes were and how they can be possible. This also explains the bending of light around objects. Black holes have massive centers and are hugely dense. Each particle that it includes is also living in space-time however, and so the center must continue to move and become more and more dense from the motion of these particles. Black holes are so dense that they bend s pace-time to an enormous degree, so that there is no escapable route from them.General relativity also explains that the universe must be either contracting or expanding. If all the stars in the universe were at rest compared to one another, gravity would begin to pull them together. General relativity would show that the space as a whole would begin to shrink and the distances between the stars would do the same. The universe could also technically be expanding, however it could never be static. In 1929, Hubble discovered that all of the distant galaxies seemed to be moving away from us, which would support the explanation that our galaxy is expanding.The basis of general relativity is the dynamic movement of space and time, and the fact that these are not static measurements that they have always been assumed to be. However, a key issue is that there has been little success in combining quantum mechanics and Einsteinian relativity, other than in quantum electrodynamics. Quantum el ectrodynamics, QED, is a quantum theory that involves the interaction of charged particles and the electromagnetic field. The scientific community hugely agrees upon QED, and it successfully unites quantum mechanics with relativity.QED mathematically explains the relationships between light and matter, as well as charged particles with one another. In the 1920ââ¬â¢s, Paul Dirac laid the foundations of QED by discovering the equation for the spin of electrons, incorporating both quantum mechanics and the theory of special relativity. QED was further developed into the state that it is today in the 1940ââ¬â¢s by Richard Feynman. QED rests on the assumption that charged particles interact by absorbing and emitting photons, which transmit electromagnetic forces. Photons cannot be seen or detected in anyway because their existence violates the conservation of energy and momentum.QED relies heavily on the Hamiltonian vector field and the use of differential equations and matrices. F eynman created the Feynman diagram used to depict QED, using a wavy line for photons, a straight line for the electron, and a junction of two straight lines and one wavy line to represent the absorption or emission of a photon, show below. QED helps define the probability of finding an electron at a certain position at a certain time, given its whereabouts at other positions and times. Since the possibilities of where and when the electron can emit or absorb a photon are infinite, this makes this a very difficult procedure.Compton scattering is very prevalent to QED due to its involvement in the scattering of electrons. Modern physics is a simple term used to cover a huge array of different discoveries made over the past two hundred years. While the two main facets of modern physics are quantum mechanics and relativity, there are an amazing number of subtopics and experiments that have brought about rapid change, giving the world new technologies and new capabilities. Thanks to scie ntists like Einstein, Hawking, Feynman, and many others, we have found, and will continue to find, amazing discoveries about our universe.Sources Anderson, Lauren. ââ¬Å"Compton Scattering. â⬠à University of Washington Astronomy Department. 12 Nov. 2007. Web. 1 May 2012. . Andrei, Eva Y. ââ¬Å"Photoelectric Effect. â⬠à Andrei Group. Web. 1 May 2012. . Boyer, Timothy H. ââ¬Å"Thermodynamics of the Harmonic Oscillator: Wien's Displacement Law and the Planck Spectrum. â⬠à American Journal of Physicsà 71. 9 (2003): 866-870. Print. Branson, Jim. Wave Particle Duality- Through Experiments. 9 Apr. 2012. Web. 1 May 2012. .Broholm, Collin. ââ¬Å"Equipartition Theorem. â⬠à General Physics for Bio-Science Majors. 1 Dec. 1997. Web. 1 May 2012. . Choquet-Bruhat, Yvonne. General Relativity and The Einstein Equations. Oxford: Oxford University Press, 2009. Print. Einstein, Albert, et al. Relativity: The Special and General Theory. New York: Pi Press, 1920. Print. Einstein, Albert. The Meaning of Relativity. London: Routledge Classics, 1956. Print. Felder, Gary. ââ¬Å"Bumps and Wiggles: An Introduction to General Relativity. â⬠2005. Web. 1 May 2012. . Feynman, Richard P. ââ¬Å"Space-Time Approach to Quantum Electrodynamics. ââ¬Å"Physical Reviewà 76. 6 (1949): Print. Fitzpatrick, Richard. The Planck Radiation Law. 2 Feb. 2006. Web. 1 May 2012. . Fowler, Michael. Black Body Radiation. 7 Sept. 2008. Web. 1 May 2012. . Jones, Victor R. Heinrich Hertz's Wireless Experiment (1887). 18 May 2004. Web. 1 May 2012. . Page, L.. ââ¬Å"Black Body Radiation. â⬠à Princeton University, Physics 311/312.Sept. 1995. Web. 1 May 2012. . Scatterly, John. ââ¬Å"Stefan's Radiation Law. â⬠à Natureà 157. 3996 (1946): 737. Print. Sevian, Hannah. Electrons, photons, and the photo-electric effect. 11 July 2000. Web. 1 May 2012. . Sherrill, David. The Photoelectric Effect. 15 Aug. 2008. Web. 1 May 2012. . Takeuchi, Tatsu. Special Relativity. 2005. Web. 1 May 2012. . Wudka, Jose. Galilean Relativity. 24 Sept. 1998. Web. 1 May 2012. .
Tuesday, October 22, 2019
10 Facts About the Geography of Reykjavik, Iceland
10 Facts About the Geography of Reykjavik, Iceland Reykjavik is the capital city of Iceland. It is also the largest city in that country and with its latitude of 64ÃÅ¡08N, it is the worlds northernmost capital city for an independent nation. Reykjavik has a population of 120,165 people (2008 estimate) and its metropolitan area or the Greater Reykjavik area has a population of 201,847 people. It is the only metropolitan area in Iceland. Reykjavik is known as being Icelands commercial, governmental and cultural center. It is also known as being the worlds Greenest City for its use of hydro and geothermal power. What to Know About Iceland The following is a list of ten more facts to know about Reykjavik, Iceland: 1) Reykjavik is believed to have been the first permanent settlement in Iceland. It was established in 870 C.E. by Ingà ³lfr Arnarson. The original name of the settlement was Reykjarvik which loosely translated to the Bay of Smokes due to the regions hot springs. The additional r in the citys name was gone by 1300. 2) In the 19th century Icelanders began to push for independence from Denmark and because Reykjavik was the regions only city, it became the center of these ideas. In 1874 Iceland was given its first constitution, which gave it some legislative power. In 1904, executive power was given to Iceland and Reykjavik became the location of the minister for Iceland. 3) During the 1920s and 1930s, Reykjavik became the center of Icelands fishing industry, especially that of salt-cod. During World War II, the allies occupied the city, despite the German occupation of Denmark in April 1940. Throughout the war, both American and British soldiers built bases in Reykjavik. In 1944 the Republic of Iceland was founded and Reykjavik was named as its capital. 4) Following WWII and Icelands independence, Reykjavik began to grow considerably. People began to move to the city from Icelands rural areas as jobs increased in the city and agriculture became less important to the country. Today, finance and information technology are important sectors of Reykjaviks employment. 5) Reykjavik is the economic center of Iceland and Borgartà ºn is the financial center of the city. There are over 20 major companies in the city and there are three international firms with headquarters there. As a result of its economic growth, Reykjaviks construction sector is also growing. 6) Reykjavik is considered a multicultural city and in 2009, foreign-born peoples made up 8% of the citys population. The most common groups of ethnic minorities are Poles, Filipinos, and Danes. 7) The city of Reykjavik is located in southwest Iceland at only two degrees south of the Arctic Circle. As a result, the city gets only four hours of sunlight on its shortest day in the winter and during the summer it receives almost 24 hours of daylight. 8) Reykjavik is located on Icelands coast so the citys topography consists of peninsulas and coves. It also has some islands that were once connected to the mainland during the last ice age about 10,000 years ago. The city is spread out over a large distance with an area of 106 square miles (274 sq km) and as a result, it has a low population density. 9) Reykjavik, like most of Iceland, is geologically active and earthquakes are not uncommon in the city. In addition, there is volcanic activity nearby as well as hot springs. The city is also powered by hydro and geothermal energy. 10) Although Reykjavik is located near the Arctic Circle it has a much milder climate than other cities at the same latitude due to its coastal location and the nearby presence of the Gulf Stream. Summers in Reykjavik are cool while winters are cold. The average January low temperature is 26.6ÃÅ¡F (-3ÃÅ¡C) while the average July high temperature is 56ÃÅ¡F (13ÃÅ¡C) and it receives about 31.5 inches (798 mm) of precipitation per year. Because of its coastal location, Reykjavik is also usually very windy year round. Sources:Wikipedia.com. Reykjavik - Wikipedia, the Free Encyclopedia. Retrieved from: http://en.wikipedia.org/wiki/Reykjav%C3%ADk
Monday, October 21, 2019
Globalization, Unemployment, and Recession Links
Globalization, Unemployment, and Recession Links A reader recently sent me this e-mail: It seems to me that we are now engaged in an economy that may look different from any we have experienced. The Globalization of the economy has created huge firm closures in America expecially in manufacturing and forced lower wages on those employed by this sector. Typically and historically manufacturing jobs have created higher wages in this country but now we see all the rules are changing. Do you believe globalization will bring new trends to the relationship between rececession/depression and firm closures? I believe it already has begun. - Before we begin, Id like to thank the e-mailer for her very thoughtful question! I dont think globalization will change the relationship between recessions and firm closures, since the relationship between the two was fairly weak to begin with. In Are recessions good for the economy? we saw that: We do not see great differences in firm closures between periods of high growth and periods of low growth. While 1995 was the beginning of a period of exceptional growth, almost 500,000 firms closed shop. The year 2001 saw almost no growth in the economy, but we only had 14% more business closures than in 1995 and fewer businesses filed for bankruptcy in 2001 than 1995. Competition between firms in periods of growth: During a period of high economic growth, some firms still perform better than others. Those high performing ones can often squeeze weaker performing ones out of the marketplace, causing firm closures. Structural changes: High economic growth is often caused by technological improvements. More powerful and useful computers can drive economic growth, but they also spell disaster for companies that manufacture or sell typewriters. Would 0% Unemployment Be a Good Thing? Cyclical Unemployment is defined as occuring when the unemployment rate moves in the opposite direction as the GDP growth rate. So when GDP growth is small (or negative) unemployment is high. When the economy goes into recession and workers are laid off, we have cyclical unemployment. Frictional Unemployment: The Economics Glossary defines frictional unemployment as unemployment that comes from people moving between jobs, careers, and locations. If a person quits his job as an economics researcher to try and find a job in the music industry, we would consider this to be frictional unemployment. Structural Unemployment: The glossary defines structural unemployment as unemployment that comes from there being an absence of demand for the workers that are available. Structural unemployment is often due to technological change. If the introduction of DVD players cause the sales of VCRs to plummet, many of the people who manufacture VCRs will suddenly be out of work. Thats my take on the question - Id love to hear yours! You can contact me by using the feedback form.
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