Philosophy 4.26.2012 Doomed Design Although the revolutionary system of planned obsolescence is meant to stimulate demand and sales‚ its wasteful modern-day results damage the intellectual progress of the society by misleading consumers‚ manipulating the population’s view of real modern advancements and the reality of the production process‚ allowing industrial designers to become progressively unproductive and uneconomical. Planned obsolescence‚ present in industrial design‚ is a policy of deliberately
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From an economic standpoint‚ capitalism is an economic system whereby all capital (defined in next essay below) employed in commerce is privately owned and the benefits (the return generated on the employed capital) accrues to the owners of the capital. The market (individuals willfully making decisions) determines where to allocate capital (what goods and services to produce and what price to sell them) for and the benefits (profits or return on capital) from this exchange accrue to the individual
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Planned obsolescence is the industrial tactic of designing‚ manufacturing‚ and distributing a product with an inadequate lifespan‚ as so it will become obsolete specifically to force the consumers to buy the latest generation of said product. These products are put into practice before the next generation is even fully functional; companies like Apple are most famous for doing this. Planned obsolescence has been in use since the beginning of the Great Depression and for the past eighty years the
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The theory of contestable markets‚ along with the static and dynamic views of competition‚ are used as theories to analyse how markets perform. The static view focuses on the structure of the market as the determining factor of competition‚ with the dynamic view focusing on dynamic aspects such as technology and entrepreneurship. The contestable markets theory has a different focus‚ focusing on the importance of barriers to entry and exit. Nonetheless it does incorporate features from both views
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Communism‚ Capitalism and Socialism If you look around your everyday life‚ you may or may not be aware of most things we have in society that are not found in every country in the world. Electronic devices‚ brand-clothing‚ cars‚ etc. these are all materialistic items that can be easily attained since we live in a capitalistic society. Capitalism is a form of economy where the market is controlled by private businesses and industries. Although the U.S. is not entirely a capitalistic economy (because
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EFFICIENT MARKET THEORY AND TESTS Introduction Market Efficiency A market is said to be efficient if prices in that market reflect all available information. Market efficiency refers to a condition in which current stock prices reflect all the publicly available information about a security. Efficient market emerges when new information is quickly incorporated into the share price so that the price becomes information. In other words the current market price reflects all available information
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The Theory of Contestable Markets • Potential competition or monopoly In recent years‚ economists have developed the theory of contestable markets. This theory argues that what is crucial in determining price and output is not whether an industry is actually a monopoly or competitive‚ but whether there is the real threat of competition. If a monopoly is protected by high barriers to entry – say that it owns all the raw materials – then it will be able to make supernormal profits with no fear
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The effects of Socialism on a region The United States of America is the world’s oldest surviving federation. With a constitutional republic and a representative democracy‚ the majority rule regulates and maintains a fair form of democracy for us Americans. Socialism‚ although‚ is an economic system where the means of production‚ such as money and other forms of capital‚ are owned by the state or public. Under a socialist system‚ everyone works for wealth that is‚ in turn‚ distributed
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strengths and weaknesses of The Theory of Planned Behaviour model in predicting condom use to prevent sexually transmitted disease? Theory of planned behaviour is a theory that attempts to relate health attitudes directly to behaviour (Ajzen‚ 1991). This essay will discuss strengths and weaknesses of Ajzen’s theory of planned behaviour model in predicting condom use and to prevent sexually transmitted diseases. Sutton‚ McVey and Glanz (1999) used the theory of planned
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Monthly Review (October 2004) Capitalism and the Environment by Paul M. Sweezy [pic]It is obvious that humankind has arrived at a crucial turning point in its long history. Nuclear war could terminate the whole human enterprise. But even if this catastrophic ending can be avoided‚ it is by no means certain that the essential conditions for the survival and development of civilized society as we know it today will continue to exist. We live in and from a material environment consisting of land
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