Critical Review of Australian Tax and Transfer System

Question: Depict about the Report for Critical Review of Australian Tax and Transfer System. Answer: A powerful tax assessment framework is viewed as the existence blood of the legislature since it gives the imperative income which the administration requires to disperse its heap obligations. The significance of tax assessment framework in the ongoing past has expanded significantly as the duties of the advanced state keep on developing. Consequently, dissimilar to the past, the administrations job isn't restricted to giving physical security yet needs to guarantee that the residents can appreciate a specific standard of life where certain essential prerequisites, for example, food, training, human services, cover are dealt with. For the administration to have the option to release the above obligations, it is basic that the assessment framework ought to be driven by four key standards to be specific value, adequacy, straightforwardness and proficiency (ACOSS, 2015). It is vital that the job of tax collection isn't constrained to being income raising measure for the national government however it in reality much broad. Through the tax collection framework, the administration expects to satisfy a large group of goals which can be effectively deciphered by directing a through and basic survey of the duty and move arrangement predominant in Australia. Furthermore, this would likewise fill another need for example to build up a superior comprehension of the duty suggestions and any overburden present in the assessment and move framework (Treasury, 2013). Thus, the different imperfections in the present framework would be distinguished and different measures would be proposed to guarantee that the four standards are better agreed to and the arrangement goals are better figured it out. The center reason for the tax assessment framework is to go about as a wellspring of income to government for meeting its uses. In any case, charge income should be brought up in a way that doesn't punish guilty pleasure in exercises prompting age of salary. This should be possible by guaranteeing that a specific segment must not worry about a disproportional tax assessment concern. In this manner, it is necessitated that the tax assessment laws must experience an audit on intermittent premise in order to guarantee that the concessions gave are properly focused on and not manhandled while the episodes including tax avoidance should be limited (CoA, 2015). Be that as it may, while keeping up higher consistence from citizens, the focal standards of a vigorous expense framework must not be strayed from. One more goal of the expense framework is to upgrade the effectiveness of portion of scant assets in order to create most extreme yield. The asset portion is modified through the use of differential expense rates with respect to utilization and creation of explicit merchandise and enterprises. The viability of differential duty at changing the hidden utilization examples of clients has adequate exact proof to demonstrate that items and administrations that have generally lesser taxation rate will in general be expended in more amounts. Utilizing tax collection, it is feasible for the administration to advance merchandise related with positive externality while debilitating use of those products which have negative externality related with their utilization. This procedure whenever proceeded for an adequate time allotment will in general acquire variety the examples of creation and utilization which is slanted towards merchandise with lesser taxation rate. This viably prompts an expan ded allocative effectiveness since the nation produces products helpful for the general public (Treasury, nd). Likewise, another target of the tax collection framework is to cause salary redistribution. The dynamic direct tax collection framework is declaration to this as the rich need to pay charge at higher rates when contrasted with poor people. Accordingly, the salary gathered through assessment from rich individuals is used for conveyance of indispensable help administrations to the discouraged and poor segment which improves their standard of life. Subsequently, there is no denying the way that salary redistribution is accomplished through tax collection as the clients of the different government plans are poor people and defenseless populace who in any case do not have the buying capacity to benefit the fundamental pleasantries (CoA, 2015). The Australian exchange framework guarantees that no segment of the populace is denied from the utilization of legitimacy merchandise because of absence of buying power or any handicap. Consequently, help is given to such individuals through money i nstallments which give them chance to lead a standardized and prosperous life. It is assessed that practically half of the spending brought about through the exchange framework is used for people who are either resigned or debilitated. Further, as the populace turns out to be progressively matured sooner rather than later, the significance of move framework is ready to improve which presents a legitimate defense for upgrading their general effectiveness (CoA, 2008). Since the time the start of the most recent decade of twentieth century, the duty incomes have surgse as demonstrated underneath. The fundamental explanation behind this pattern is the presentation of huge number of expense especially the GST alongside Capital Gains (1985) and justification of duty framework through the presentation of ITAA, 1997(ACTU, 2011). On one hand, the expansion in income was sure news however this came at the expense of improved multifaceted nature in the duty guideline framework. This was caused as the different assessments have their individual arrangements concerning concessions, edge esteems. The impact was that that the citizens couldn't unravel the unpredictable guidelines which prompted an ascent in the general consistence cost. The examination of multifaceted nature Australian expense framework in correlation with other unmistakable countries of both created and creating world is introduced beneath (ACTU, 2011). The ascent in consistence costs causes because of rising intricacy of the expense move framework is featured beneath (CoA, 2015). The rising multifaceted nature in the assessment framework is obvious from the above chart and the way that there is a dunk in the consistence costs at the turn of the decade infers that the legislature is additionally mindful of the degree of the issue and subsequently taking dynamic measures for disentanglement of expense framework. Nonetheless, these measures have kept on staying inadequate. Indeed, even now, tremendous wholes of citizens cash is being squandered for consenting to burden guidelines which rather should be utilized in a gainful way in order to fuel monetary development particularly in the present occasions when the financial development is dull. Furthermore, the unpredictability of the framework additionally gives motivations to explicit conduct on part of the citizens which brings about wasteful allotment of assets. A well-suited representation of the above is as tax assessment arrangements towards reasonable lodging which have missed the mark regarding the expressed destinations. Rather these have end up being counter-gainful with a large group of concessions and exceptions of installment of charges and hence as opposed to making it simpler to purchase a house, it has prompted a free for all which has prompted the development of a land bubble. This free for all is driven by the well off people and HNI (High Net Individuals) who will in general utilize private property as a venture as well as a system to limit their duty risk (ACOSS, 2015). In such manner, the IMF has pushed that the expense discounts must be utilized sparingly as they are in infringement with the standards of value and proficiency of a vigorous assessment framework. In spite of this, Australia gives liberal duty use as portrayed in the diagram underneath which attracts a correlation with other created countries this respect (Th ornbill, 2015). It is evident from the above conversation that the duty concessions stretched out to the lodging area is prompting twists and consequently pressing defense is required. This would cause an adjustment in the citizens conduct and along these lines guarantee that the duplicate strategy targets of the expense and move framework are met. Further, lodging charge uses prompts a one-two punch for the administration as on one hand, the incomes are being lost because of concessions while then again, since these concessions are not arriving at poor people and defenseless, consequently government needs to offer more noteworthy help as lease help which is growing the monetary shortage (ACOSS, 2015). It is evident from the contentions recorded over that assessment and move framework set up is wasteful and overburdened. Subsequently, a total upgrade of the tax collection framework is required whereby accentuation is on four fundamental expenses specifically corporate assessment, individual personal duty, charge identified with private utilization and furthermore lease charge gathered on use of financial assets claimed by the state. These four charges have been chosen as a significant part of the expense income is earned through these duties as it were. Expenses other than the over ones should keep on existing just if a specific social/monetary issue is being tended to, for example, the tax collection on cigarettes. Different duties which don't have a place with the above will be canceled as these lead to an improvement in the intricacy of the tax assessment framework without noteworthy steady income (Treasury, 2013). For pulling in increasingly remote financial specialists, it is required that there must be a decrease in the corporate assessment rate to 25% over some stretch of time. Moreover, the attribution strategy utilized for profits additionally should be adjusted so as be in a state of harmony with the worldwide practices in such manner (BCA, 2014). To compensate for the misfortune in charge through the decline in corporate assessment rate, defense of expense consumptions is the need of great importance. Also, for expanding the female support rate in labor, there should be a checked improvement in the youngster care administrations and accentuation ought to be on making these moderate. Additionally, for improving the workforce decent variety, powerless areas ought to be given help as installments for supporting the pay (CoA, 2008). Additionally, there is a solid case for justification of individual personal expense so that there is more extensive inclusion and basic guidelines. Further, an

President Andrew Jackson Essay Example for Free

President Andrew Jackson Essay Presentation  â â â â â â â â â â Jackson, Andrew, the seventh President of the United States. His political race in 1828 denoted the finish of the highborn custom in the Presidency that had won since the nation’s starting. Jackson, an independent man, frontiersman, and military legend, was the primary President from west of the Appalachians. He was related to another sort of democracya majority rule government grasping the whole populace instead of just the individuals who were well off or possessed property.  â â â â â â â â â â Jackson was neither a unique nor a significant scholar, and didn't generally follow or comprehend the standards of the â€Å"Jacksonian democracy† that bears his name. Nonetheless, he knew how to decipher the desires and perspectives of the everyday citizens who were clamoring for a voice in government. Jackson was gifted and canny lawmaker, who shaped a group, made for the most part out of Southerners and Westerners into the Democratic Party.â Although politically moderate and an adherent to states’ rights, he extended the forces of the Presidency and was intensely dedicated to the safeguarding of the Union.  â â â â â â â â â â Jackson had an overbearing character. He was pleased, eager, and forceful. For an incredible duration, his temper much of the time made him act quickly or unwisely, and he was regularly influenced by close to home biases. Be that as it may, his valor, genuineness, and devotion charmed him to wide areas of the people. His impact was felt well past his two terms, and the period from his political race to that of Abraham Lincoln is regularly alluded to as the â€Å"Age of Jackson†. Conversations Early Life  â â â â â â â â â â â â â â â â â â â â â â Jackson was conceived March 15, 1767, in a boondocks settlement called Waxhaw on the fringe between North Carolina and South Carolina. Jackson said South Carolina was his origination, yet there has been a lot of discussion regarding the matter. His dad, mother, and two siblings had shown up there in 1765 from Northern Ireland. His folks had been cloth drapers. His dad, for whom he was named, kicked the bucket in a mishap right away before Andrew was conceived.  â â â â â â â â â â â â â â â â â â â â â â Jackson had gone to class for some time before British soldiers started working in the Carolinas during the Revolutionary War. In spite of the fact that lone 13, Jackson joined a neighborhood volunteer army organization alongside his sibling Robert in 1780. Their more established sibling Hugh had just been executed in the war. After an engagement with the British in 1781, Jackson and his sibling were caught. At the point when a British official arranged Andrew to clean his boots, he cannot and requested to be treated as a POW. The irate official cut Jackson with his saber, leaving him scarred forever  â â â â â â â â â â The siblings were sent to a military jail, where they contracted smallpox. Their mom won their discharge. Be that as it may, Robert kicked the bucket in transit home. Not long after, Mrs. Jackson kicked the bucket while nursing two of Andrew’s cousins, who were fighters detained by the British. Andrew was disregarded at 14 years old. â€Å"Old Hickory†  â â â â â â â â â â Jackson inhabited the Hermitage dealing with his business property until the episode of the War of 1812, when he chipped in his administrations and was appointed a significant general of U.S Volunteers. In 1813 Creek Indians slaughtered the occupants of Fort Mims in what is currently Alabama. In 1814, Jackson drove his soldiers against the Creeks, steering them at the Battle of Horseshoe Bend. His perseverance in the field won Jackson the moniker â€Å"Old Hickory,† after one of his officers commented that he was â€Å"tough as hickory†.  â â â â â â â â â â Shortly subsequent to being authorized a significant general in the United States Army, Jackson ousted the British from Florida. At that point with a diverse power that included Jean Lafitte’s privateers, he shocked a British assault on New Orleans. Amusingly, the harmony settlement had been marked before the fight was battled on January 8, 1815. Jackson’s triumph made him a national saint. In 1818, attacks Florida and annihilations Seminole Indians. In 1821, was selected military legislative leader of Florida while likewise surrendered inside the year. 1823, he was again chosen to U.S Senate from Tennessee and leaves in 1825. At that point on 1828 he was chosen President of the United States. First Administration (1829-1833)  â â â â â â â â â â Jackson picked his bureau from among his and Calhoun’s supporters absent a lot of respect for their capacity. He utilized the bureau, aside from Secretary of State Martin Van Buren and Secretary of War John. H. Eaton. Rather, he frequently looked for guidance from close companions, who came to be called his â€Å"kitchen cabinet†. Jackson’s supplanting of his occupant officeholders with his companions and partners offered ascend to the term â€Å"spoils system†. Jackson didn't begin this training, be that as it may, however simply completed it for a bigger scope than past Presidents had done. During his eight years as President, Jackson supplanted around one-fifth of every single government officeholder.  â â â â â â â â â â The main emergency of the new organization was brought about by the supposed â€Å"petticoat war†. The spouses of other bureau individuals reprimanded Margaret O’ Neal Eaton, wife of Secretary of war Eaton, in light of the fact that she had supposedly had an unsanctioned romance with Eaton while wedded to her clench hand husband and on the grounds that she was a travernkeeper’s little girl. Jackson, recollecting the assaults against his better half, irately came to Mrs. Eaton’s resistance. Bureau individuals favored one side over the issue, with Van Buren adjusting himself to Jackson and Eaton contrary to Calhoun and his supporters. This prompted political clash that proceeded until Jackson rearranged the bureau in 1831. The defensive tax, contradicted by the horticultural South, was a significant given during Jackson’s first term. VP Calhoun battled that South Carolina ought to invalidate or put aside the duty of 1828, the Tariff of Abominations, since it abused states’ rights. The South Carolina nullificationists were sure that Jackson, a Southerner, would bolster them, however he was a moderate on the duty issue, holding some assurance fundamental. He likewise accepted invalidation would prompt disintegration of the Union. In July, 1838, Congress passed a progressively moderate tax bill, yet it was as yet viewed as harsh by South Carolina. In November, a state show announced the law invalid and void. Jackson responded by sending a warship and income cutters to Charleston, notice that â€Å"Disunion by outfitted power is treason.’ The emergency was settled when Henry Clay made sure about section of a trade off tax in 1833. This bill fulfilled South Carolina, which at that point canceled the invalidation law. Jackson’s early organization had been set apart by exceptional competition between Vice President Calhoun and Secretary of State Van Buren, both of whom wanted to succeed him. As Jackson’s first term finished, it became evident that Van Buren had the advantage. Calhoun, at chances with the President on invalidation, surrendered the Vice Presidency in 1832. Jackson had since quite a while ago opposed the Bank of the United States, which he viewed as an office of imposing business model and unique benefit. At the point when it was proposed to restore the bank’s contract in 1832, four years before its lapse date, he vetoed the measure. Henry Clay made this veto an issue in the 1832 Presidential crusade. The voters bolstered Jackson, be that as it may, and he crushed Clay by 219 appointive votes to 49 and a famous vote of 687, 502 to 530, 189. Van Buren was Jackson’s running mate on the ticker of the Democratic Party. This was the principal political decision in which all competitors were designated by national shows. Second Administration  â â â â â â â â â â Reassured by his substantial political decision dominant part in 1832, Jackson showed from the get-go in his second term that the Bank of the United States would never again be a vault for open assets and requested them kept rather in certain state banks called pet banks by Jackson’s foes. This demonstration in the long run demolished the Bank of the United States, however it likewise added to a money related frenzy.  â â â â â â â â â â In 1835, without precedent for the historical backdrop of the country, the national obligation was paid off. The administration had an overflow of $37,000,000, a lot of it stored in the â€Å"pet† banks. The next year Congress casted a ballot to isolate the government surplus among the states. The â€Å"pet† banks confronted an emergency when the administration started to pull back its assets, prompting the monetary and business frenzy of 1837, which happened after Jackson had left office. Another reason for this frenzy was Jackson’s Specie Circular of 1836, which requested that installment for government land be made in gold or silver as opposed to in paper cash. This demonstration was expected to check land theory yet hurt the Western banks. In remote relations, Jackson confronted barely any serious issues. Relations with Great Britain went easily. A long-standing case against France for harms to American transportation during the Napoleonic Wars caused an emergency in 1835-36 yet was settled well. Texas won autonomy from Mexico in 1836, yet the United States was not yet associated with its issues, in spite of the fact that Jackson perceived its freedom on his last day of office. III. End  â â â â â â â â â â Jackson was a couple of days shy of 70 years old when he left office-the most established President u

Graham Greene’s four fundamental requirements Essay

Westerhoff describes about Graham Greene’s four principal necessities for having a profound existence. (1) eagerness to grasp enduring of world while suffering one’s own (2) an existence of isolation and quietness (3) thoughtfulness of profound anxiety inside soul (4) to see the picture of God (Christ) inside the network of confidence. (John. H. Westerhoff 1994, 30) To lecture or to educate, ability level of human information and comprehension is required so as to convey verbally without harming others. There were no occurrences in Bible where Jesus hurted pupils or supporters. Jesus was above arrangements and issues and that is the reason offered a formulae by saying â€Å"Take my yoke† which means tolerating one’s own enduring alongside world’s languishing. â€Å"My trouble is light† (St. Matt. 11:29) which incorporates a reality that Jesus worries about the concern alongside the individuals who are rehearsing Jesus lessons. Profound existence with God can be contrasted and a grape wine climber as Jesus said â€Å" I am the genuine vine† (St. John 15:1) â€Å"Abide in me and I in you† (St. John 15:4) . A steady correspondence with God or sticking to the expression of God prompts otherworldly development. â€Å"If ye live in me, and my words live in you, ye will ask what ye will, and it will be done unto you†. (St. John15:7). Correspondence with God through supplication is clarified by Urban Holmes in the book â€Å"A History of Spirituality†(John H. Westerhoff 1994, 53) wherein knowing God in two distinct strategies. (1) Kataphatic implies knowing God in a roundabout way in which relationship with God is interceded (2) apophatic methods, knowing God legitimately and where there is no intervention. Theoretical kataphatic supports logic. Further this school of supplication depends on nonexistent faculties and even incorporates composing of discussions with God, while full of feeling kataphatic empowers pietism which is progressively appealling and remembers all the substantial articulations and faculties for complete contact with God (e. g. applauding, moving body, yelling and so forth). ,. Theoretical apophatic prompts encratism while full of feeling apophatic prompts quietism. The four images of four classes are : theoretical kataphatic = â€Å"S†, speculative apophatic = â€Å"T†, full of feeling kataphatic = â€Å"F†, emotional kataphatic = â€Å"N†. These classifications offered by Jung are pertinent in supplication and commitment as indicated by the individual inclinations. Schools of otherworldliness must be applied as a guide for profound development. Supplication cleans spirits, positions away undesirable personalities and considerations and carries nearer to God who is an exemplification of adoration. (St. John 3:16) (I Corinthians 13). God likewise said â€Å"Seek ye first the realm of God, and every one of these things will be included unto you†. Looking for God in the midst of day by day lives and errands. Karl Rahner, the Jesuit cleric scholar, in a letter to God, talks about tiring long stretches of exercises in a day and how the time isn't assigned to God and lays accentuation on the fact that it is so essential to be in connection with God. Further expresses that for the whole humanity looking for God’s direction and backing in the midst of every day life, is another method of rehearsing God’s nearness. End Prayer is the main methods and a magnificent endowment of God to be in steady connection with God. Supplication is a solid weapon that has been utilized by a few ministers in the past, for example, King Martin Luther, D.L. Ill humored, John Wesley, David Livingstone and a few blessed and devout ministers. The current worldwide evangelists and Bible ministers incorporate Dr. Billy Graham (BGEA)and Charles Stanley (In Touch Ministries) who accept solidly in the intensity of petition. The ministers who commit long stretches of supplication to God, get visionary encounters, divine capacity to convey good news of God. Evangelists need to keep up a double connection, one with God and second with the individuals who are accepting the gospel/expression of God.

Different Between Vietnam and Us

Contrasts BETWEEN VIETNAM AND THE U. S I am a migrant individual who went to the U. S under family sponsorship. Living here for a long time, I have taken in a great deal of intriguing things with regards to this nation. There are such a significant number of contrasts among Vietnam and the U. S as relationship, climate, religion, style, language†¦. be that as it may, the most three evident contrasts between them are nation size, instruction framework and culture. Nation size is an extraordinary distinction between these nations. Vietnam is extremely little nation that has S shape .It is trouble toward the North by China and toward the East by Lao and Cambodia. The complete place that is known for Vietnam is just 127,276 square miles . it is delicately bigger than New Mexico gaze of America. On another hand, the United States is the third biggest nation on the planet, which has 3,536,274 square miles. It is situated in North America among Canada and Mexico. Another distinction is instruction framework between these nations. Vietnamese understudies face with more troublesome than U. S understudies. They need to wear uniform going to school.They ought to obey and demonstrate regard to their instructors. Educational cost in Vietnam is high. Guardians need to pay for their kids. Government doesn’t help for destitute individuals going to class. In the agreement, the U. S training framework is increasingly agreeable. Understudies can wear anything they desire to class. In class ,they can say what they think in their psyche, talk about similarly with their instructor. Government pays all educational cost for understudies structure clench hand mesh to the twelve evaluation . In the wake of graduating structure school , they have more chances to find a new line of work .Today more individuals around the globe go to the U. S to have better instruction The last clear distinction among Vietnam and The U. S is culture. Vietnam’s culture is endured structur e China. There are two to there ages living respectively in a similar house. Man is pioneer in the family, which has more force. They go out working and working together while lady in Vietnam remain at home, take care family. Kids must tune in to their folks. Unmarried individuals living respectively is inadmissible . Notwithstanding, American culture is pposite and it was abnormal to me when I came here . Man and lady are similarly. American families are littler. Grown-up individuals like to move out living with their companions when they finish secondary school . Kids can choose what they need to do . They are autonomous from their folks . Man and lady can live respectively without getting taking everything into account, Vietnam and the U. S have a great deal of contrasts. I can't tell which one is better on the grounds that every nation has advances and disadvances. It rely upon each person’s life so they can pick where is the best for them .

A perfect competition - Free Essay Example

When determining if there really is such a thing as perfect competition, there are five main things to look for. First, all firms must sell an identical product. Second, all firms should be price takers. Third, every seller has a small market share and can not influence the market price substantially. Next, buyers and sellers are both fully informed of the nature of the products available. Finally, the industry is characterized by the idea that sellers can enter and exit the market freely (Gallant, 2018). While perfect competition is great in theory, there are almost no markets in the real world that satisfy all of these rigid requirements ((Im)Perfect, 2015). In an ideal world, perfect competition would exist and benefit consumers and producers in a number of ways. Due to the fact that it is nearly impossible to obtain perfect competition in the real world, there are few markets that exhibit a most of the required traits. The agricultural market is one of the best examples we have found of perfect competition. There are many farmers throughout the market that sell the same fruits and vegetables for relatively the same price and do not control the price they sell their produce for. Also, every customer is fully informed of the products they buy from farmers. Suppose a farmer has a bad year for growing corn and cannot sell any corn. That one farmer would not affect the market very much due to the fact there are other farmers to sell the product, so we can say that each farmer has a small market share. People who grow and sell agricultural products also do not face many barrier to exit the market. However, they do face barriers to enter the market with things such as high startup costs and lack of available land to buy. Although the agricultural m arket is not perfect competition, it is as seemingly close as we can get in the real world. Another market that exhibits traits of perfect competition is the free software market (Simple, 2018). Anyone is free to enter and exit without barriers. All software is accessible to consumers and they are free to do with it whatever they want with no consequences. The software prices are controlled by the market instead of the distributor as well (Simple, 2018). One final example of perfect competition would be the street food vendor market (Simple, 2018). While walking down the street in a big city, it is easy to find hundreds, if not thousands, of street food vendors. This satisfies the requirement of perfect competition that there is many buyers and sellers. Each vendor, although they try to differentiate themselves, essentially sell the same food with very slight differences. So consumers can basically go from one vendor to another and have the same choices. It is also hard for each vendor to set their own individual prices due to the amount of competition, so the prices are set by the market instead. There are also not a lot of barriers to enter or exit (Simple, 2018). This example is not perfect, but it is close to the definition of perfect competition. The government has created antitrust laws to prevent powerful producers from creating entry barriers for their weaker competitors (Guide, 2017). These laws promote competition between businesses that might otherwise merge and engage in anticompetitive business practices. The government also can create competition by controlling the price a company must charge for their product (Guide, 2017). This also promotes competition for markets like monopolies where competition is not already present. Antitrust Laws were created to protect consumers from harmful business practices. Congress passed the first antitrust law in 1890; it was also known as the Sherman Act. The purpose was to preserve free and unfettered competition as the rule of trade (The Antitrust Laws.) In 1914 there were another laws passed; one was the Federal Trade Commission Act and Clayton Act. In a perfectly competitive market, the demand curve is perfectly elastic. The perfectly elastic curve is represented by a straight horizontal line. Thus, meaning that a price change would eliminate all demand for a certain product. The demand curve for perfect competition is downward sloping to show that the more the price of a product rises, the more the demand for that product decreases. The supply curve would be inversely proportional to the demand curve and would be upward sloping. These two curves intersect at the equilibrium point. Perfect competition has a many positives aspects and outcomes for both the consumer and producer. For the producer, there are almost no barriers to enter or exit the market. The goal of the producer in perfect competition is to maximize profit instead of focusing on getting rid of competitors (Perfect). There also would be a low cost of production for producers because the equilibrium point for marginal revenue is at its lowest point. Products would also be available at a low cost of for consumers because of the low production costs (Shehzad). For the consumer the outcome of perfect competition is even better. Consumers would be educated on what they are buying and dont have to deal with illegal pricing tactics from the producers. Perfect competition also provide maximum efficiency for usage and for production of products. Each resource would be put to use in the most suitable condition, and by focusing on maximizing profit, production would be maximized as well. Increased efficiency of products would benefit society and its satisfaction needs (Shehzad). However, since it is nearly impossible to fully create perfect competition, these pros are very idealized. Although it might not seem like it, negative aspects of perfect competition do exist. First, if every company was only focused on maximizing profit and not focused on their competitors, there would be no innovation or need for advertising. Marketing practices are specifically made to drive out competitors of a company or brand. If there is no need to do this, there would be no need for marketing (Perfect). There also would be no need to innovate to create new products to get ahead of a companys competitors. A world without constant innovation would hold back profit for these companies and would also hold back our society from advancing. Another negative aspect would be how every product sold is the same. Having the same product available for all consumers can stunt trade growth within the market (Shehzad). Although society would be sacrificing advertising and innovation with perfect competition, they would be gaining the the more efficient use of resources, low cost of production, lo w product costs, no barriers to enter or exit a market, and more consumer trust in businesses overall. Based on an economic and social welfare standpoint, perfect competition would be ideal for every market. But in reality, perfect competition does not exist. However, in a perfect world, perfect competition would be everywhere. There would be sales that do not use illegal pricing tactics and each seller would create a place where the families on social welfare would have a place to buy what they need. Everyone would have access to the same products at the same price and markets would focus solely on maximizing profit. Perfect competition would benefit both the consumer and producer in many ways. Even though perfect competition would be beneficial in theory, it can not exist in real world business practices. If present in everyday business practice, consumers and producers alike would benefit from perfect competition.

Tips For Writing A Personal Narrative Essay -

A personal narrative essay talks about a persons experience. It may be about something positive like your best birthday celebration, negative like the death of a pet or a loved one, or even simple memories such as an enjoyable walk in the park or getting wet in the rain. It aims to narrate the details of the experience and its effect on your life. To write a good personal narrative essay, you must place emphasis on the information that make the essay engaging to read. These are the things to consider when writing a personal narrative:Must-HavesIt must have an emotional impact on the reader the aim is to make the reader feel the experience, or at least to relive it using the imagination. Emotional language must be used.It must possess many references to things and elements that the senses can feel.It must include vivid details and descriptions, but should not to be confused with writing a descriptive essay.StructureIn the first paragraph, which is your introduction, express to the re ader the importance of what you are describing and your point of view.For the essays body, you need to give the reader a clear picture of what happened and the emotions that you felt during the time and now that you are looking back, quite like when writing a memoir. You may write in chronological order or according to the importance of events that comprise the whole experience. Make sure that you do not confuse the reader when you write the experience according to the events importance.The essay may be a paragraph or two or more, as it will depend on your requirements.When you want to finish the essay, the closing paragraph (your conclusion) should discuss the point of your story. You may write what the experience did to you whether it gave you a fond memory that you can always remember, taught you a lesson or an idea, or just a story that you can always tell for fun.PreparationAs mentioned earlier, writing a good personal narrative essay involves the need to write interesting det ails. So to effectively write and keep your readers interested in your narrative, consider doing these:Recall the experience first.Do your best to remember even the little details as they would help make the story more interesting.Once you have a complete recollection of the experience, it helps if you can record yourself telling the story. It is also important that you do not get too conscious about how you sound. Once you get conscious, you might get distracted and forget the details of the story. Listen to the recording once, twice, or more, to make sure that you get a clear flow of the story.The writing partMake sure to begin writing after you have established a good recollection of the whole story.To make the essay more alive and interesting, you may include anecdotes or dialogue.Use words that are colorful, lively, illustrative, emotional, and exact. For example, if your personal narrative is about something exciting, make sure to use words that are often associated with happi ness. That way, you will make the reader feel the same emotions you felt.Good transition is important to further engage the reader. Feel free to use words like: thus, therefore, however. This will help the reader maintain focus on the flow of your story.Example of a personal narrativeHere is an example of the kind of writing that should be present when writing a personal narrative essay. Pay attention to the tone and the power of the words used. You can clearly feel the cold: More examples of a personal narrative essay can be found here.Essay writing help for students and professionalsRemember that a narrative essay is just one kind of essay, and there are many others that have different requirements. Learn more about these other types of essays.But should circumstances go against your favor and you find yourself stuck, please let know so we can help by way of custom written papers. Our essay writing help, through the expertise of our professional academic writers, can provide all- original custom essays, custom research papers, and any other academic paper. You need only give us your details.

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