Implemente an creative idea Essay Example | Topics and Well Written Essays - 500 words

Implemente an creative idea - Essay Example To me that was a total waste of time. After watching the activity in the document room I noticed that those currently used documents and incomplete files are returned as all the other files. However, since these incomplete files are needed on a daily basis in order to save time, it is better to put them at a special location instead of placing them with the others. While I watched and analyzed this method of arranging files I remember a scientific method of arrangement for warehouses which I learned in a supply chain management course. Arrange the location of goods according to the frequency. This method saved lots of time walking and searching files in the document room. Based on my observation and analysis of the situation I suggested to the document room manager to place incomplete files and frequently used files in a position near the door, so that time spent walking locating files could be saved. The result of this new method was quite hard to judge. No one was actually timing and calculating it. According to my co-workers the new method seemed more convenient. To me saying that it was more convenient was a simplification of the issue. The idea that I implemented required the application of the scientific method. We could treat more issues and solve more problems using the user friendly scientific methodology. This is my opinion behind this little creative

Country Analysis- India Essay Example for Free

Country Analysis- India Essay India functions on a democratic system, which heavily influences the political situation of the country. However, this democracy stems from a caste system. A caste system is a social grouping that combines a group of particular members based on specific professions and usually leads to the isolation of each individual caste. The Indian people adopted the caste system to create an easy differentiation of communities and neighborhoods. Recently in India there has been a relaxing of the caste system depending on the part of India in which you are looking. In the cities you will see more of an intermingling and mix of the higher caste systems but as you explore the rural areas, you find a traditional form of the caste system. In recent years India has become the largest democracy in the world. The economy is highly affected by the political situation in India. The country suffers from high unemployment and poverty as two of its main issues that currently influence the economic standing of the country. With two opposing parties with vastly different views for the vision of the economy the country is found being pulled for a free market economy and an economy that strongly opposes globalization and favors a â€Å"land-for-all† attitude. (â€Å"Politics of India†) In India the legal situation highly resembles a common law model that is found in England today but is clout with Indian culture. In the courts India has a judge that acts as a neutral party that enforces the law fairly amongst each party. The government too has three branches: the executive, the judiciary and the legislative. The courts hold a common theme of carrying out justice to the people. (Srikrishna) One article says, â€Å"According to Gallups annual public opinion polls, India is perceived by Americans as their 7th favorite nation in the world† (â€Å"India-United State Relations†) Based off this observation, the relationship between the United States of American and India seems to be quite close and cordial. However, this does not mean the countries have always agreed on every matter. Back in the late 1990’s when Atal Bihari Vajpayee became the Prime Minister he began to authorize testing of nuclear weapons and the United Sates chose to form against them and eventually was mandated to cut off economic ties. In 2001 the United States under the Clinton administration began to have economic discussion, opening the door for the Bush administration to partake in close monitoring of India’s nuclear weapons and began strengthening the economic ties. The two countries have really come together in times of need such as  the attacks on September 11,2001 and the December 2004 tsunamis. The most recent development in the relationship is under the pressing of the Obama administration. Right out of the gate of the first term of his presidency, President Obama addressed the issue of the Indian-American relationship and said that he was going to take the steps necessary â€Å"further strengthen the excellent bilateral relationship† (â€Å"India-United State Relations†) This goal was communicated vastly amongst the administration, assuring the citizens of both countries that it was a beneficial relationship. The main person taking care of this relationship is Hilary Clinton. As time passed the country of India became concerned that the relationship was not being as cared for like they were assured would be done. Rather they believed the United States was more focused on their relationship with China and eventually the country of Pakistan. The issues of the bilateral relationship continued to struggle for some time, even after a visit to the White House from Prime Minister Singhin November 2010, which was to hopefully fix or strengthen the relationship. In May 2010 President Obama communicated that shared values, interests and the two larges democracies established the partnership between the United States and India. (â€Å"India-United State Relations†) The economic relation between the United States and India has been continuing to be strengthened since the Clinton administration where the bilateral economic dialogue was established. This is a system where the accountability for consultations amongst multiple high powers. (See exhibit A) (â€Å"Embassy of India†) Since this original discussion; there have been multiple dialogue mechanisms to strengthen the bilateral relationship on the economy and trade issues. This includes different forums and financial partnerships. In the first seven or so months of the year 2013 the United States of America increased the percent they did trade with India 7.4%. (â€Å"Embassy of India†) The relationship of the United States and India is perfectly summed up by the words of the National Security adviser Shivshankar Menon, From a time when we dealt with each other formally, sometimes warily, we today have a full spectrum relationship, between our governments, our peoples and our institutions. (Menon) In the year 2011 the Gross National Product increased over 8 billion INR, an increase of 11,846.1 INR since 2010. It has a forecast of following a trend and reaching almost 9 billion INR for the next year. This is also a steady view of how the inflation levels have  effected the GNP of India and will continue do so in the future. (See exhibit B) (No current data was found) (â€Å"India Gross National Product†) The most current GNP per capita was calculated using the PPP to the US dollar using the atlas method divided by a midyear population. In 2011 in India, the GNP resulted to be $1,420.00 at a ranking of 142/191. In consideration of the past is a very steady increase, however, in comparison the U.S it is hardly an increase at all. (â€Å"India-GNI per capita) As of 2006 India spends 3.11% of their gross national product on their education system. Looking to increase this percentage over the years and have lowered the illiteracy rate by 2015. (â€Å"Infochange India†) Today when discussing the opportunity for a company, of any kind, but especially a U.S company, to manufacture in India the support to do so is quite present. One major benefit of manufacturing in India is that the government has been putting into place a plan of action to create a substantial steady flow of economic progress and one of the crucial aspects is through manufacturing. It began in 2010 with the implementation of a Manufacturing Policy, that industry and the government fully supports. The plan began with the rubber industry in India and where they were choosing to invest, it has continued into medical supplies, a chocolate factory and a huge factory by the direct marketing company, Amway. The Prime Minister has stated that the commitment of expanding the manufacturing in India is of highest priority for the economic growth of the country. (â€Å"Manufacturing Sector in India†) Another great aspect of pursuing manufacturing in India versus a country like China is the possibility of lower wages in India, China continues to raise the minimum wage. There is also the language barrier that disappears when you choose to manufacture in India versus another foreign country with a different native tongue. There is also a younger work force in India than in China and with a similar government as that of the United States it is easier to do business. (Shilling) With all the rage to rush off and pursue manufacturing in India there are those who have doubts, like the unknown author of the article in The Economist, the author says, â€Å"If India is to become ‘the next China’—a manufacturing powerhouse—it is taking its time about it.† (â€Å"Manufacturing in India†) When it comes to a company from the United States and whether or not to compete in India, there is good support that says to go for it. Now a days we have so many jobs outsourced to India it seems foolish to not take it a step further. Particularly in the software industry, there is a large convention that is held there annually and the United States is greatly underrepresented and most likely missing out on big opportunities, because the reality is that the show will go on with out the U.S present. India has been focusing on the service industry over the last years but are now moving towards an industrial form of business. Also present is a strong entrepreneurial spirit, which can be wonderful for a new company coming in because the people will be willing to get in on the ground floor of an international operation, as well as bring new ideas and twists to the table. (â€Å"Americans Should Jump on the India Wave†) Another aspect in general to approach entering any country competitively is the exchange rate and currency. Look into how the country performs monetarily and see how the exchange rate and inflation will affect your business on the day-to-day operations but also over time. (Aimes) When going back and looking at the idea of manufacturing and competing in India based off the Economic Freedom Index, the index can mean multiple things for both. In general India is a 55.2 out of 100 in Economic Freedom. This is 119th out of 177, (not including Lybia) while the United States is scores a 76.0 sitting at the top as number 10 of 177. When assessing the index with the idea of a company from the Unite States manufacturing in India I look the factors that influence the index such as the labor freedom, this looks into the aspect of the legality of the labor market of the country, or in our case, India. This means that as a company we have to be cautious not to abuse or practice the immoral practice of extremely low wages or poor work conditions. As far as competing the issue that stands out to me pertaining to the EFI is the corrupt factor, with a low score like India, as a company one would need to watch closely at the practices taking place overseas. (â€Å"Index of Economic Freedom†) The Human Development Index in India is found in the medium HDI. Since 2011 India’s HDI decreased by 2 but is forecasted to increase .07 over the next year. The HDI refers to how the country’s population is take care of, such as life expectancy, education,  etc. This covers the wellbeing of the citizens of the country; I think this affects the manufacture and competitive aspect equally. If the people are not taken care of who is going to manage and operate the company, as an organization it would just be something that must be kept in mind. (â€Å"Human Development Index†) Pertaining to the Global Competitiveness Report it is hard to know how they would affect us because as a country India is not present in the top 30 for the last four years. So the assumption is made the India is not as competitive as portrayed by some people, but that does not mean there is no room for growth. (â€Å"Global Competitiveness Report†) India holds a score of 36 on the corruption perceptions index; this means that again when looking into entering the country either with manufacturing or competitive ambition one must asses the risk that is going be taken, such as how will the government treat your corporation as well as how will the patrons of the country view your corporation. (â€Å"Corruptions Perception Index†) Last but definitely not least another report that is very useful in assessing the want to on pursuing a manufacture or competitive is the World Press Freedom Index. India is in the difficult situation range in this index meaning, that freedom of speech is kind of difficult to actually have because the government watches closely to what is being spoken and said about their country and the people in it. (â€Å"Reporters without Borders†) Based off the indexes and other information presented above do not believe as a company of the United States need to enter the market in India. I believe this is so because of the uncertainty of the market, as stated above India has great potential to grow and be the next China but it has been heading in that direction since the 1950’s and not much change is evident. There are aspects about the country that would be desirable to enter into and if doing so I recommend the company use the strategy of global standardization. This strategy uses the low cost of the country to its advantage and in the United States outsourcing is chosen for that very reason, so instead of just outsourcing I believe it would be wise to use this method to pursue a start up of an international branch in a country like India where there is low labor cost and where it is not necessary for the people to respond due to the fact that there is a low economic freedom and instead it relies more on the main office back in the United States rather than the host country, or in our case, India. (Aimes) Exhibits Exhibit A Exhibit B Works Cited Aimes, Frederico. Foreign Exchange. Online Lecture, Stillwater. 07 Oct. 2013. Lecture . Aimes, Frederico. International Business Strategy. Lecture. International Management Lecture. D2L, Stillwater. 09 Oct. 2013. Web. 09 Oct. 2013. Americans Should Jump on the India Wave. Web log post. Boston.com. N.p., 21 Feb. 2012. Web. 11 Oct. 2013. Corruption Perceptions Index. Wikipedia. Wikimedia Foundation, 10 Aug. 2013. Web. 11 Oct. 2013. Embassy of India Washington DC (official Website) United States of America Economic Relations. Embassy of India Washington DC (official Website) United States of America Economic Relations. N.p., n.d. Web. 11 Oct. 2013. Global Competitiveness Report. Wikipedia. Wikimedia Foundation, 21 Sept. 2013. Web. 11 Oct. 2013. Index of Economic Freedom. Wikipedia. Wikimedia Foundation, 10 June 2013. Web. 11 Oct. 2013. India GNI per Capita. India. N.p., n.d. Web. 11 Oct. 2013. India GDP per Capita. TRADING ECONOMICS. N.p., n.d. Web. 11 Oct. 2013. India Gross National Product. TRADING ECONOMICS. N.p., n.d. Web. 11 Oct. 2013. India–United States Relations. Wikipedia. Wikimedia Foundation, 10 May 2013. Web. 10 Oct. 2013. Infochange India. India Invests Just 3.3% of Its GNP on Education. N.p., n.d. Web. 11 Oct. 2013. List of Countries by Human Development Index. Wikipedia. Wikimedia Foundation, 26 Sept. 2013. Web. 11 Oct. 2013. Manufacturing in India: The Masala Mittelstand. Editorial. The Economist 11 Aug. 2012: n. pag. The Economist. Web. 11 Oct. 2013. Manufacturing Sector in India. , Manufacturing Industry, Indian Industries. India Brand Equity Foundation, Sept. 2013. Web. 11 Oct. 2013. Menon, Shivshankar. India, US Ties Have Come a Long Way: Shivshankar Menon. The Economic Times. N.p., n.d. Web. 11 Oct. 2013. Politics of India. Wikipedia. Wikimedia Foundation, 10 June 2013. Web. 10 Oct. 2013. Reporters Without Borders. Wikipedia. Wikimedia Foundation, 10 Oct. 2013. Web. 11 Oct. 2013. Shilling, A. Gary. Why India Will Displace China as Global Growth Engine. Bloomberg.com. Bloomberg, 16 Dec. 2012. Web. 11 Oct. 2013. Srikrishna, B. N. (2008) The Indian Legal System, International Journal of Legal Information: Vol. 36: Iss.2, Article 8. Available at: http://scholarship.law.cornell.edu/ijli/vol36/iss2/8

Distributed Software Development :: Outsourcing Careers Technology Essays

Distributed Software Development As new technologies emerge, they often eliminate certain types of jobs. History is littered with many such examples. The number of bank tellers dropped by about 37% between 1983 and 1993.1 The new technology responsible for eliminating those jobs was the ATM (Automatic Teller Machine). More recently, the wide popularity of buying books over the web has caused many book stores to close down. You may have noticed this in your own neighborhood. Since the Industrial Revolution, technology has been blamed for massive unemployment.2 However, more recently, in addition to technology eliminating certain jobs, technology is enabling the transferring (for valid reasons) of certain jobs from the USA and Europe to far away places like India. Software development is a benefactor (or victim, depending on the viewpoint) of this technology. The technologies that were developed by the US in the 1990s boom are facilitating distributed software development. These range from global high-speed networks, ever-cheaper computers, collaborative tools, satellite communication, and the web.3 Requirements documents and software tools no longer need to be snail mailed, rather they can be emailed to pretty much anywhere in the world. This phenomenon of having software developed in far off places such as India, has come to be known as outsourcing or offshoring. While their may be some small differences in these two terms, they are many times used interchangeably. Earlier, outsourcing referred to the practice of turning over noncritical parts of a business to a company that specialized in that activity.4 But now outsourcing affects a business' critical components as well. While jobs have moved over seas before, like Levi Strauss jobs, which is now completely manufactured overseas, software jobs are getting lots of attention because this seems to be the first time white-collar jobs are being affected.5 While outsourcing can be painful for some of the parties involved, I will s how that it is still an ethical practice. Outsourcing is predicted to affect a very large number of jobs in the future. In the US, about 14 million jobs (or 11%) are identified as being at risk of being sent abroad.6 While not all of these are software related, many of them are. The non-software jobs that are also at risk of being sent abroad are telephone call center, data entry, business and financial support, legal assistant, diagnostic support services, accounting, bookkeeping, and payroll.

The Woman Warrior :: essays research papers

Love Medicine Lipsha Morrisey's confusion about his place in society results in his combining both old Indian traditions with new American ideas in an attempt to discover himself and his place in society. Although this combination ultimately ends with disaster, Lipsha uncovers a powerful lesson about love. Lipsha's first mistake begins when he decides to concoct a "love medicine". Fearing for Nector and Marie's relationship, he draws from old Indian superstitions since "these love medicines is something of an old Chippewa specialty" (241). But in reality, while the idea of the love charm was born in Indian tradition, Lipsha strays into the American realm when creating the charm. Instead of the hearts of wild geese that the spell requires, Lipsha buys turkey hearts from the grocery story, a completely American creation. Shunning the Chippewa gods, Lipsha instead attempts to have the hearts blessed by a catholic priest. His attempts at playing love doctor backfire when Nector chokes on the turkey heart and dies. Yet even though Lipsha repents and realizes "it was all my fault for playing with power I did not understand", Nector's true love for Marie is allowed the chance to be revealed when his spirit returns for a final fairwell (255). Lipsha knows that since the love medicine was a fraud, Nector's love was real. "He loved you over time and distanceIt's true feeling, not no magic. No supermarket heart could have brung him back" (257). Much like his decision to "Americanize" ancient Indian love spells, Lipsha mentally "Americanizes" whatever seems to reflect the old culture. His observations of people and life reflect his susceptibility to American influences. Throughout the chapter, he makes references to video games and pinball machines when describing something. Death has always been an important part of Indian culture, as evidenced in numerous myths and legends. American Indians believe the soul is a tangible object, existing in all living objects. As a person dies, the soul departs, and travels to a realm of spirits. When Nector lays dying on the floor, Lipsha draws from his Indian heritage, the respect and awe of the soul while describing it with an American twist. "Time was flashing back and forth like a pinball machine.

Contract and Italian Cuisine

Tullula Investments Ltd is a large South Australian company, which owns and operates many hotel and restaurants throughout Australia. Italian Cuisine Ltd, a food and catering business whose headquarters are in Brisbane, supplies goods commonly used by businesses such as Tullula Investments Ltd. On September 1, 2000, Italian Cuisine Ltd sent a fax to Tullula Investments Ltd, which read: â€Å"Can offer latest ‘Speedy Rice Cookers' at $100 each.†On October 1, 2000, Tullula Investments Ltd faxed a reply stating: â€Å"Will have four dozen. Need delivery by November 1, 2000.† Upon receiving the fax Italian Cuisine Ltd then wrote back to Tullula Investments Ltd saying â€Å"thank you for your fax which is receiving our attention†. Subsequently and prior to November 1, 2000, Italian Cuisine Ltd packed the rice cookers and loaded them on a van for delivery to Tullula Investments Ltd, but before the van set out, Tullula Investments Ltd phoned Italian Cuisine Ltd to say that they no longer needed the rice cookers.TaskDiscuss the legal position of Tullula Investments and Italian Cuisine in relation to the law of contract. Use case references to support your answer.  Having read the case study, analyse the case in respect to the following categories. Formulate your answer using these categories. Introduction – identifies relevant area of the law elements of a simple contractIdentify the issue(s) — offer and acceptance, intention to create legal relationsDefine and examine the laws and principles of offer and invitation to treat (ITT)Apply the laws and principles to the fact — rules of offer and ITT (objective test). Include relevant casesApply the laws and principles to the fact — rules of acceptance. Include relevant casesApply the laws and principles to the fact — issue of revocation. Include relevant casesConclusionCase study answer guide This is the answer guide to the Tallula Investments case study. Comp are your response to this guide and make sure you have covered each of these points.†¢State relevant area of law — contract, in particular simple contract †¢Outline elements of a simple contract †¢Identify elements with which there is a problem — offer + acceptance = agreement (Has there been a genuine offer, which meets all requirements of law? Has there been an unqualified acceptance, which meets all the requirements of contract law?†¢Fax by Italian Cuisine to sell rice cookers at $100 does not constitute an offer but an intention to trade (ITT) or supply of information. Define and discuss Case reference: students may quote any case which discusses the difference between ITT and genuine offer, eg they may apply the test from Carlill v Carbolic to demonstrate their answer or Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) (1953) 1 QB 401 or Partridge v Crittenden (1968) †¢Tallula Investments' reply by fax on 1 October, 2000 is not an acceptance but offer to buy the cookers at $100 each. Define and discuss Case reference: Harvey v Facey (1893)†¢Acceptance: define. Apply Italian Cuisine's response to Tallula Investments first reply â€Å"fax receiving attention† is not an unqualifiedd acceptance of Tallula Investments' offer Silence is not acceptance see Felthouse v Bindley (1862)†¢Revocation — define an offer can be revoked before communication of acceptance by offeror case reference Goldsborough Mort & Co Ltd v Quinn (1910) Apply: Therefore Tallula Investments would be entitled to revoke their offer before delivery of goods takes place.Model answer Below is a model answer based on the previous categories. The green highlighted text shows how the law has been applied to the facts. The yellow highlighted text shows relevant case citations.The case study deals tih a simple contract, which is not required to be in writing. The elements of a simple contract are: 1.Intention to create legal relations 2.Offer and acceptance (an agreement) 3.Consideration 4.Capacity of the parties 5.Certainty of terms 6.Legality of objectThe main issue in this problem is whether there is an ‘agreement' – offer and acceptance However, on the first element of intention to create legal relations, it is clearly a business/commercial relationship between Tallula Investments Ltd and Italian Cuisine Ltd and therefore the presumption is that the parties intend to enter into legal relations. There is no evidence to rebut this presumption (see Jones v Vernon Pools). The next issue to be dealt with is the ‘offer'. Has Italian Cuisine made an offer to Tallula in the fax September 1, 2000 which read: ‘Can offer latest speedy Rice Cookers at $100 each'In my view this is not a genuine offer, it is more in the nature of an invitation to treat. The words ‘can offer' is not a definite proposal to sell the cookers at the stated price but is simply suggesting that the Speedy Rice Cookers are available for sale. The test in deciding between an offer and an invitation to treat was set out in Carlill v Carbolic Smoke Ball Co which held that an ‘invitation to treat is a request for offers' and determined by the ‘ordinary person test'.Clearly here, we have an inducement sent out by Italian Cuisine to Tallula to enter into negotiations  for the purchase of the rice cookers. It is not a definite proposal, made with the intention that it becomes binding once accepted (see Partridge v Crittenden ). As the fax sent on the 1st September, 2000 by Italian Cuisine is not an offer we now need to consider the position with the Tallula fax at 1st October, 2000.This reply is not an acceptance. An acceptance is an agreement to be bound to the terms of an offer. The fax by Tallula is actually an offer to buy the cookers at $100 (see Harvey v Facey ).Italian Cuisine's response to the Tallula Investments' fax ‘receiving attention' is not an ac ceptance to the offer. An acceptance must be clear and unqualified to be binding. It can be argued that Italian Cuisine is actually ‘silent' on the issue of acceptance an silence is not acceptance (see Felthouse v Bindley ). We must now look at the issue of the revocation and decide whether Tallula Investments is required to take delivery and pay for the cookers. Since Tallula made the offer to Italian Cuisine which was not actually accepted, they are entitled to revoke that offer. An offer can be revoked by an offeror before communication of acceptance by the offeree (see Goldsborough Mort & Co v Quinn). Tallula Investments therefore, do not have to take delivery or pay for the rice cookers as they are not bound by the contract of law.

Definition of Dime Novel

Definition of Dime Novel A dime novel was a cheap and generally sensational tale of adventure sold as popular entertainment in the 1800s. Dime novels can be considered the paperback books of their day, and they often featured tales of mountain men, explorers, soldiers, detectives, or Indian fighters. Despite their name, the dime novels generally cost less than ten cents, with many actually selling for a nickel. The most popular publisher was the firm of Beadle and Adams of New York City. The heyday of the dime novel was from the 1860s to the 1890s, when their popularity was eclipsed by pulp magazines featuring similar tales of adventure. Critics of dime novels often denounced them as immoral, perhaps because of violent content. But the books themselves actually tended to reinforce conventional values of the time such as patriotism, bravery, self-reliance, and American nationalism. Origin of the Dime Novel Cheap literature had been produced in the early 1800s, but the creator of the dime novel is generally accepted to be Erastus Beadle, a printer who had published magazines in Buffalo, New York. Beadles brother Irwin had been selling sheet music, and he and Erastus tried selling books of songs for ten cents. The music books became popular, and they sense there was a market for other cheap books. In 1860 the Beadle brothers, who had set up shop in New York City, published a novel, Malaeska, The Indian Wife of White Hunters, by a popular writer for womens magazines, Ann Stephens. The book sold well, and the Beadles began to steadily publish novels by other authors. The Beadles added a partner, Robert Adams, and the publishing firm of Beadle and Adams became known as the foremost publisher of dime novels. Dime novels were not originally intended to present a new type of writing. At the outset, the innovation was simply in the method and distribution of the books. The books were printed with paper covers, which were cheaper to produce than traditional leather bindings. And as the books were lighter, they could easily be sent through the mails, which opened up great opportunity for mail-order sales. Its not a coincidence that dime novels became suddenly popular in the early 1860s, during the years of the Civil War. The books were easily to stow in a soldiers knapsack, and would have been very popular reading material in the camps of Union soldiers. The Style of the Dime Novel Over time the dime novel began to take on a distinct style. Tales of adventure often dominated, and dime novels might feature, as their central characters, folk heroes such as Daniel Boone and Kit Carson. The writer Ned Buntline popularized the exploits of Buffalo Bill Cody in an extremely popular series of dime novels. While dime novels were often condemned, they actually tended to present tales which were moralistic. The bad guys tended to be captured and punished, and the good guys exhibited commendable traits, such as bravery, chivalry, and patriotism. Though the peak of the dime novel is generally considered to be in the late 1800s, some versions of the genre existed into the early decades of the 20th century. The dime novel was eventually replaced as cheap entertainment and by new forms of storytelling, especially the radio, movies, and eventually television.

The Environment, Resources, and Their Economic Effects

The Environment, Resources, and Their Economic Effects Introduction According to Paltseva and Roine (para. 1), natural resources contribute to spending, labor income, and jobs. These resources support numerous jobs and offer employment to the residents of a country. Natural resources and the educated workforce are interconnected and it is of great importance for the state to generate a quality labor force via the attainment of higher education.Advertising We will write a custom essay sample on The Environment, Resources, and Their Economic Effects specifically for you for only $16.05 $11/page Learn More Before the globalization processes started, it was prudent to assume that natural and environmental resources had no competition because resources were in abundance and the economy was using them in an unlimited way. Wealth, jobs, and prosperity were got from these resources via the extractive industries. In turn, the industries converted the resources into commodities. A healthy economy, and a healthy environmen t could be achieved, but not at the same time. Economic competition was not rife and most of the resources in the environment were free. However, the current scenario predetermines that there is the increased competition for the natural resources that continues to grow. These resources are no longer abundant with the increase in human population that is depleting them. This essay will highlight the economic effects of the environment and the natural resources. The Effect of Resources on the Economy According to Poser (20), natural resources can no longer satisfy the human demands that are placed on them. Therefore, when the resources are allocated to a particular use, other application methods compete with the primary one. It is worth noting that such a trade-off means that the decisions to allocate the resources, like development and protection, generate costs and benefits. They have ramifications for the present and future inhabitants of the nearby communities and the entire regio ns. In this paper, it is clear that a natural resource cannot satisfy the demand for the service and goods that it provides. Subsequently, to understand the economic ramifications of the development or protection of the economic resources, one should understand the extent to which it will affect the aforementioned competition.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More One should keep in mind that the economic value of the natural resources stems from their commercial demands, which entails their development or extraction. The term extraction refers to activities, industries, and the use of resources associated with the production of timber, grazing, mining, and various activities that electrically, physically, or chemically remove several elements from their sources. The term development can be regarded as occupation of a site by structures set up by human beings. This occur s mostly in the event of urbanization. It also entails intense activities by the human beings such as conversion of open land into commercial and housing buildings, the change of the floral community in the forest, the development of recreational sites for the developing industries, and other aspects. The commercial demand for the resources in the environment comes from the public and private enterprises. This is defined broadly to include the groups that sponsor the development and extractive activities. There are two types of demand for the natural resources. First, there is the identification of a specific development, or extractive use of a piece of land that possesses various characteristics. These characteristics can cover the fact that it uses the resources in a direct manner, it depletes the stocks of a number of resources, and that it has a better position compared to the competitors with regard to economic competitiveness (Sarsby and Meggyes 39). Although the identificatio n of a particular use is purposeful, it is arbitrary. This kind of demand is mostly associated with extractive industries such as forestry, mining, and industrial farming. Generally, only a single commercial industry has benefits from some use of the natural resources. In the public domain and protection of resources, the economic significance of various natural resources use is expressed in terms of incomes and jobs for the local populace and profits for the local firms. In several cases, the aforementioned commercial use manifests as the only way for the local residents to derive incomes, profits, and jobs from the natural resources in the area. It is a common event that the extractive or development uses of land are allowed. This translates to gains for the local economy in terms of profits, incomes, and jobs. However, if there is a restriction of these services, then the land will lack a positive influence on the particular economy (Qazi and Qazi 207).Advertising We will write a custom essay sample on The Environment, Resources, and Their Economic Effects specifically for you for only $16.05 $11/page Learn More Measures of Economic Benefits Assessment of economic benefits is achieved through four measures which include labor, income, employment, and value added. To understand these impacts, the principal idea is that the economic impacts of the resources and other economic activities are widespread after assessing the linkages between the various sectors of the country’s economy. This means that the economic activities related to the environmental resources spread the economic benefits via the multiplier effect. Mining and other businesses related to tourism spend money, hire workers in the economy, and this translates to further income and spending. Hence, in the multiplier effect, the economic activities are directly connected to the resource base of the state and are amplified because their hiring and spending in the eco nomy creates multiple income layers for numerous sectors (Qazi and Qazi 245). The multiplier is an accepted and practiced technique that is used in the assessment of the ramification of business activities in the region. The basis for the calculation of the economic ramification of the environment and the resources via the multiplier effect is an example of the output-input model. The analysis of the economic impacts entails the calculation of the extent to which environmental activities stimulate economic effects. Based on this assessment, the results from the aforementioned model quantify the effects of the cluster of business activities developed around environmental resources (Hackett 340). Although the output-input analysis requires an advanced training on the economy for full understanding of the economic benefits, the elements may be stated in terms that are straightforward. To arrive at the overall economic impacts, economists have to assess the initial effects of purchases and payroll. The economic effects mentioned above are referred to as direct. Subsequently, the induced and direct effects emanate from the local purchases and the payroll. The aforementioned effects are assessed through various measures, which include the value added, employment, labor income, and the overall economic impact. Total impact refers to the contribution of the resource to the economic activity.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is a measure of the yearly value of services and goods that are associated with business activities, which rely on natural resources. Value added means the general contribution that a resource has towards a country’s economy. Labor income is the contribution that the resource has on salaries and wages. Last, employment is the number of jobs that are associated with the aforementioned economic activities that are tied to the natural resources (Resosudarmo 50). Specific Economic Activities Recreational activities are the ones in which the benefits of the environmental activities can be assessed. Natural resources form the basis for most of the recreational activities in various parts of the world. These resources must be managed and their maintenance should be given the utmost consideration. Hunting, fishing, and wildlife viewing are also activities that are connected to economic impacts. Most regions have departments that ensure the aforementioned activities are catered for based on their economic impacts. Coastal tourism is also an environmental resource that makes immerse economic contribution. Most educated people prefer to reside in areas that have natural resources with high quality. Environmental resources are also sources of amenities, which make working and living in a particular region to be more pleasant (James 35). Unlike the consumer goods that are purchased in specific stores, natural amenities’ consumption is catered for by the federal government or the state. In other locations, regulatory bodies deal with it. Mountains and beaches are environmental resources that help in attraction and retention of the skilled workers in various countries as this is directly connected to economic benefits. Factors for the quality of life are vital factors in the recruitment and retention of the skilled workers and entrepreneurs. The ramification of the natural resources has been confirmed in numerous research studies that tend to look at the inv estors choices. Some natural characteristics of a country could enhance its attractiveness. Moreover, to add to the income generated and the local jobs connected with spending on recreation process, it is clear that the amenities engender consumer surplus with regard to the economic value. The surplus is the difference of whatever consumers are willing to pay for the amenities like lakes and beaches and the value that they pay for to enjoy the benefits. Surveys have estimated that the economic value, which consumers place on various types of recreation like camping, hunting, wildlife, and swimming, translates to billion dollars. For countries that are endowed with the aforementioned resources, there is a huge value that reflects high economic benefits (United Nations 142). Forestry is another environmental activity that provides the basis for economic activities. This form of natural resource has widespread economic ramification with activities line logging and forestry amounting to billions of dollars. These activities rank as the most significant parts of the manufacturing sector. In the direct terms, the forestry industry of the state is the first in employment among the manufacturing sectors in many countries. When the economy is strong, the annual exports from the products amount to billions. Generally, the export of forest products has grown and the exports are poised to attain significant growth in the future. Forestry has had immense impact on the economy of countries that are endowed with the resources because it is a source of employment opportunities (James 20). Minerals are also environmental and natural resources that have an economic impact on a country. Mining activities such as quarrying are rampant in various parts of the world. This results from the endowment of the state with resources that are usable. Quarries and mines extend to various regions and are in the rural and urban areas. The economic impact is huge with mining being a driver of the economy in many regions. It contributes to not only the value added but also to numerous jobs connected to the industry via induced, indirect, or direct effects (Resosudarmo 67). Commercial fishing is also another domain in which the economic impact of natural resources can be assessed. In the recent past, various regions have witnessed the transformation of the realm of commercial fishing, which is vital in an economy that depends on resources. Commercial fishing is a business that keeps alive the character of various regions. Presently, it includes a bubbling aquaculture industry in which fresh techniques have created new opportunities for businesses in a number of countries. Commercial fisheries have accounted for millions in revenue (Poser 10). According to the aforementioned findings, natural resources contribute to spending, labor income, and jobs. Natural resources support more jobs and employment offers than any other asset in a state. It should also be mentioned that na tural resources and the educated workforce are interconnected and complimentary. On one hand, it is important that a state generates the quality of labor force through the attainment of higher education. The state also has to retain the educated population and this is assisted by maintenance of the integrity of the natural resources. In addition to creation of jobs, natural resources help in preservation of the human capital because of the fact that educated people are mobile in nature, human capital, and amenities are complementary. Amenities like natural resources have a positive influence on the quality of life of a country’s residents. A high life quality means that the residents have a high likelihood of remaining where they are. The natural environment is also influential in maintaining the health of its inhabitants (Poser 20). Individuals benefit immensely from their contact with the nature. Hence, preservation of the natural resources is a part of the health strategy of a state. Overall, the true value of the natural resources is high. Therefore, they should be considered vital in the development of the economy. The strategy of the state should be to focus on the rewarding business of the natural and environmental resources and enhance the quality of life of the state in the process. Thus, it should be a central part of regional and local economic strategies (Qazi and Qazi 35). A Table Showing How the Economy Depends on Natural Resources Source: Paltseva and Roine Conclusion In summary, the environment and natural resources have a huge economic impact that is felt in domains such as employment, which has a direct impact on the countrys inhabitants life quality. The promotion of the natural resources base should be a key in the development policy of all economies. During the time of economic uncertainties, relevant departments need to utilize their resources in promotion of development that can translate to benefits of businesses. Natural resour ces play a great role in taking such economic decisions. This essay has articulated the economic benefits of the environment and natural resources. It is important for a country to take care of its natural environment because of the accruing economic benefits. Several measures of how natural resources contribute to the economy have been assessed. Hackett, Steven C. Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society. Armonk: M.E. Sharpe, 2011. Print. James, David. The Application of Economic Techniques in Environmental Impact Assessment. New York: Springer, 1994. Print. Paltseva, Elena and Jesper Roine. Are Natural Resources Good or Bad for Development? 2011. 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