The Tyre Industry Sector

The Tyre Industry Sector Tyres and tubes, the strategic rubber products and basic supplements to the automotive vehicles are of most importance to the countrys economy. The tyre industry sector is providing direct employment to over 40,000 people and indirect employment to lakhs of people. This industry sector is now being considered as a core industry sector. The manufacturing of automobile tyres as an essential ancillary for the development of automobile sector came into being in India during the 1930s when the Dunlop India Ltd., the first tyre manufacturing transnational company started its operation in 1935 at Sahaganj in West Bengal. During the early period the overseas tyre manufacturing companies were having major equity participation in the Indian manufacturing companies. After 1970s there was a change in the policy of Government and it decided not to sanction any foreign equity The setting up of joint sector projects with multiple foreign collaboration was considered feasible. At present 11 large companies with 15 factories and 9 medium-scale companies scattered all over India are manufacturing tyres and tubes for automotive vehicles including aero tyres and tyres for defence services. As estimated, their total production during 1987 was 128 lakhs tyres against the total installed capacity of 179.44 lakhs tyres. The interesting feature of the tyre industry in India is that starting from its inception to the present day its progress has been influenced by repeated import of technical collaborations. There is an urgent need to build up indigenous capabilities for tyre technology including the tyre machinery. within view of this, it was opinion desirable to carry out the review of at hand status of this industry and to identify and analyze the critical inputs required for absorption and up gradation of imported technology. The DSIR has introduce a system National Register of Foreign Collaborations Which imagine check and analysis of imported technologies in the country also suggest measures for appropriate choice, acquisition and implementation of foreign know-how. The main objectives of this plan are Undertake financial, economic and legal analysis of set of data on foreign collaborations. Carry out a technology analysis of the imported machinery and provide state of the art machinery in use in the country and status of execution of alliance Provide the basis for National Science strategy wherever possible. In the long run lead to unpack aging of imported technology and in generation of national strength in competitively purchase only certain components of machinery. Coordinate with department of Industry, Commerce and Finance etc. by provided that machinery data input. Facilitate more efficient countrywide contribution with various organizations such as UNCTAD, UNIDO, and ESCAP etc. and in the global switch over of information and co-operation with current developing country the three reports has been ready under National Register of Foreign alliance to review the Tyre Industry in India. 1.6 The In-house RD units in industry are advantageously located to absorb and get improved upon the import machinery. Equipment invention in the Indian tyre industry has witness a fair total of expertise and adaptability to absorb, settle in and adapt worldwide technology to suit Indian conditions. This is reflecting in the swift technology progression from cotton (reinforcement) carcass to high-performance radial tyres in a distance of four decades. Globalization has lead to the concerning of the economy of all the nations and so key Indian company in the tyre industry are pursuing global strategy to improve their competitiveness in global markets. There section mostly undertakes an impression of the Indian tyre industry through an overview of the Indian examination of its expansion trends with respect to manufacture exports and acquisition of technical capability. EVOLUTION OF THE INDUSTRY Phase Period Characteristics Policy Regime 1 1920-35 Negative domestic production. Demand met in the course of imports. Key company included Dunlop, Firestone Goodyear. moderate import 2 1936-60 Home production begins by erstwhile trade companies: Dunlop, Firestone, and Goodyear with India Tyre Rubber Company. Burden of traiff also non traiff barrier on import. 3 1961-74 Indian companies-MRF, most important Incheck- enter modern quarter with foreign technology; license of bonus production capacity. Regulation on capacity expansion and repatriation of profits of distant companies; enforcement of export obligation on MNC; protection from external competition 4 1975 -1991 Entry of large Indian business houses like Singhania Modi technical collaborations with MNCs, introduction of radial tyres, vertical integration and exponential growth in tyre production exports Delicensing of production, placing of imports under OGL with tariff non-tariff barriers 5 1992 onwards Outside trade liberalization decrease in trade in duty; re-entry of MNCs also separately or in teamwork with Indian capital. Progressive reduction in introduce duty; liberalized imports Cars Radial Tyre Bias Tyre Two Wheeler Motor Bike Front Motor Bike Rear Scooter Front Scooter Rear Truck, Buses Farm Service Tractor Rear Tractor Front Fork Industrial Light Commercial Vehicle Radial Tyre Bias Tyre Heavy commercial vehicles insufficient public transport system, especially in the semi-urban and rural area better availability of inexpensive consumer finance in the past 3-4 years; Increase availability of fuel-efficient and low-maintenance models. rising urbanization, which creates a need for personal transportation; change in the demographic profile; climate and road constructions stable increase in per capita earnings over the history five years; and Increasing figure of model with changed kind to satisfy various customers wants. Price: Price, in many cases, is probable to be the most primary determinant of demand since its frequently the initial thing that people think about when decide how much of an item to buy. The vast popular of goods and services obey what economists call the law of demand- that, everyone else being equal, the amount demanded of an thing decrease when the price increase and vice versa. (There are some exceptions to this rule, but they are few and far between) Income targeted people: Different companies target their target customer group according to their income group and thus the total demand is determine according to income group. In tyre product demand derived from the automobile products. So highest demand growth in two wheeler segment compare another segmement. Promotional Scheme Different companies provide different promotional scheme to push-up their sales and attract the customer. In case of some special schemes like the 0% interest and low down payment scheme. Sales of increased by up to 70% of total sales. Sales pattern throughout the year There was consent at the opinion that there is a slump in June, July and August and also during the second half of December. At the time of festivals, especially Dusshera and Diwali or at the time of the marriage season the sales are high. The reason given for slump were In summers, people generally go for summer tours and spend a lot of money so they postpone their purchases. Because of religious reasons (Shraddh) in the month of August. People dont prefer to purchase vehicles during the rainy season. Demographics: It is clear that high population of India has been one of the key reasons for vast volume of automobile industry in India. Factors that may be expanding demand include increasing population and an increasing proportion of young persons in the population that will be more inclined to use and return car. Also, increase in people with lesser dependence on fixed only family income structure is likely to add value to vehicle demand. Price of Fuel Movement in oil prices also have an contact on demand for huge car in India. During period of high fuel cost as skilled in 2007 and first -half of 2008, demand for huge car decline in favour of smaller, more fuel efficient vehicle. The change patterns in customer preference for smaller more fuel capable vehicle led to the launch of Tata Motors Nano one of worlds smallest and cheapest. NAME OF COMPANY MARKET SHARE MRF TYRES 22% APOLLO TYRE 21.7% J K TYRE 20% CEAT 13% KESORAM INDUSTRIES 6% DUNLOP 3% FALCON 2% TCIL 1.5% MODI RUBBER 12.4 GOOD YEAR 7% Remaining 5 % of share by other player. MADRAS RUBBER FACTORY Popularly known as MRF, is a major tyre manufacturing company situated in Chennai, Tamil Nadu, and India. MRF makes all types of tyres from auto to sedan, prejudice to radial and tubes and conveyor belts. It is Indias main tyre manufacturing company and among the dozen major worldwide. It exports to more than 65 countries. MRF is the sister related of the leading malayalam daily Malayala Manorama.The creator of the MRF, Mr.K.M.Mammen Mappilai was the brother of late Mr.K.M.Mathew, ex-chief editor of Malayala Manorama. MRF become the opening Indian company to export tyres to USA the very home of tyre technology. Sales crossed INR two billion. MRF tyres were the first tyres selected for fitment on the Maruti Suzuki 800 Indias first small, modern car. Apollo Tyre Apollo Tyres Ltd is the worlds 15th biggest tyre producer with annual consolidate income of Rs 121.5 billion (US$ 2.5 billion) in 2011. It was found in 1976. Its first plant was specially made in Perambra, Kerala. In 2006 the corporation acquired Dunlop Tyres International of South Africa. The company now has four manufacturing unit in India, two in South Africa, two in Zimbabwe and 1 in Netherlands. It has a system of over 4,000 dealerships in India, of which over 2,500 are select outlets. In South Africa, it has over 900 dealerships, of which 190 are Dunlop Accredited Dealers. It gets 59% of its income from India, 28% from Europe and 13% from Africa. It is planning to become the 10th biggest tyre manufacturer in the global with annual revenues of $6 billion by 2016. Ceat Tyre On top of the road since 1958, CEAT has run up to be one of the best tyre manufacturers in the industry. CEAT not only make trailblazing tyres, but also marketplace tubes and flaps. And thats not all. At CEAT represent our selling tough yet even secure yet set to look at the undaunted. CEAT are young and revving to go; with an old age that come with years of market turnout More than 3500 Cr yearly return and signal list of customers and OEMs, a diversity of award and license are info so as to could talk for Company but CEAT rather burn the road with our show. CEAT think that tyres are not just accessories they are the force that moves your aspirations. in means of us you get to choose from a broad variety of tyres that costume your wants and vehicle kind (Not to mention, radials are racers in the global market might is one of the mainly significant quality of goods which complement solid foundation as a part of RPG enterprise Company commitment to quality ensures that you have a safe ride, always. So go on, defy destiny. J.K Tyre J.K. Tyre has been at the forefront of the radial revolution in India. Since inception, J.K Tyre has been frequently release high excellence technology products, which have withstand the examination of time. It is our beliefs to incessantly expect and appreciate the customer needs convert them into presentation principles for our goods and military and meet these standards every time. The Goodyear Tire Rubber Company Goodyears attendance in India is over 89 years old, with two plants, one each in Ballabgarh and Aurangabad. In the passenger car section Goodyear India provisions tyres to a lot of of the chief Original tools Manufacturers. Goodyear India has also been a lead the way in introduces tubeless radial tyres in this section. In the ranch segment in India, Goodyear tyres are supplied to all the main tractor companies. In 2010/11, Goodyear India was awarded the Super brand status. Industry has one of the largest distribution networks in India. It has divided the Indian sub continent into various regions and has set up a Regional Office for each region. By individual company. Clearing and forwarding agents (CFAs) are attached to them. Often the larger regions have 2 or3 or more CFAs to cover the region properly. The total number of CFAs across the country is 1102. Factory DDC RDC CFA DEALER Industry has three level distribution structures. The factory supplies goods to the RDCs (Regional Distribution Centres) and from these RDCs the goods are transferred to CFAs (Carrying and Forwarding Agents.) Which act as godowns for distribution to the dealers there is only one DDC RDCs are the mother godowns for storage of goods. The tyres, tubes and flaps are transported to these from factories. The set is formed at RDCs and strapped. The tube is inflated before transportation to RDCs. The Dispatch challans are issued to the transporters. In some cases, the RDCs are required to supply the goods directly to the dealers and invoice them in the required format. Ceat has recently shifted from the DDC structure wherein it had 7 DDCs to the RDC structure, however this structure is proving inefficient from the operating cost point of view. The inventory cost has shot up and availability has suffered. The amount of safety stock in the system has also gone up. Hence Ceat is about to shift back to the DDC structure over a one year period. CFAs are the smaller godowns which pull the goods from the RDCs. They transfer the goods to the dealers and an invoice needs to be generated. The CFAs pull the goods from RDCs according to demand. These CFAs distribute the goods to th e dealers Tubes and flaps sourcing units Tyre sourcing unit Factory RDC RDC CFA CFA CFA CFA DEALER DEALER DEALER Key Issues of Industry High tax usage The high tax content on tyres can be gauged from the fact that the proportion of total tax to the tax disqualified price for various category of tyres is 44% for Truck Tyre; 41% for Passenger Car Radial Tyre, 35% for Tractor Rear Tyre and 76% for Truck Tyre Tube. Radialization in the Commercial Vehicle Segment Indian Tyre Industry hitherto is predominantly a cross ply/bias tyre manufacturing industry, particularly in the commercial vehicle segment (truck, bus, LCV) whereas in the developed countries Radialization level is much higher. In comparison to normal (Bias) tyres, Radial tyres offer higher life/mileage, lower fuel consumption, improved safety and ride quality and several other benefits. However, the initial cost of a radial tyre is approx. 25% higher though on a cost per kilometre (CPK) basis, radial tyre gives higher benefits Embossing of Maximum Price (MRP) on Truck/Bus Tyres In February, 1988, as per a directive of the Ministry of Industry, Embossing of MRP on truck and bus tyres was started. This was based on the recommendations of the Committee on Tyre Industry (1984, known as Satyapal Committee). In the last over 15 years, the economic scenario has undergone a sea change with liberalization, removal Major raw-materials of tyre industry (Natural Rubber and of controls and free global trade in most items. Tyre Industry is also delicensed. Petroleum based materials) undergo wide fluctuations in prices. In such a dynamic scenario, it is a not practical to emboss the price on tyres due to market dynamics Used Tyre Developed and industrialized countries are facing a monumental problem in disposal of used tyres. Hence, developing and high tyre consumption countries like India are being looked upon as a dumping ground for used tyres several countries have banned or imposed severe restriction on price. (For assessment of Customs Duty) in 1997. Till recently, floor price mechanism was effective in restricting imports. Import of used tyres. In India, Government introduced .floor However; of late the volume of used tyre imports (in circumvention) of the floor price has increased significantly. Automotive Industry Standards (Ais) All large tyre companies had voluntarily taken BIS (Bureau of Indian Standards) certification. In addition, Government has proposed Automotive Industry Standards AIS) which are essentially. Safety standards. And applicable to tyre industry also. Government support for promoting Made in India. Brand for Tyres Indian tyre industry is facing intense competition from China and other South East Asian countries in tyre exports to other Though the quality of Indian tyres is better and has wider acceptance, due to cheaper pricing, higher volumes and aided by Government support and subsidies, Chinese tyres are cutting into the share of Indian tyre exports. There is a need to promote India Brand for tyres as one which spells quality and higher standards. Countries There are a need to promote India Brand for tyres as one which spells quality and higher standards. Trends of Industry Emergence of tubeless tyre market There is no tube in a tubeless tyre. The tyre and the rim of the helm form a sealed box to seal the air as the tubeless tyre has an inner lining of resistant halo butyl. The valve is straight mounted on the rim. If a tubeless tyre gets puncture air escape only during the hole created by the nail, thus charitable substantial time between a stab and a flat tyre. Players focusing on radial tyres By means of only radial cords, a radial tire would not be sufficiently rigid at the contact by means of the ground. To put in extra stiffness, the entire tire is bordered by extra belts so as to be orient closer to the way of travel, other than typically at some spiral angle. These belts can be made of steel (therefore the term steel-belted radial), Polyester, or Aramid fibers such as Twaron and Kevlar. In this way, squat radial tires break up the tire carcass into two separate systems: The radial cords in the sidewall allow it to act like a spring, giving flexibility and ride comfort. The rigid steel belts reinforce the tread region, connote far above the ground mileage and performance. Every system can then be individually optimized for best performance Re-treading of tyres One more area of worry for the tyre manufacturers are the rising retreading, where the worn out trample of the aged tyre is replace with a new tread. Retreading expenses regarding 20% of a novel tyre and is so accomplishment hold of popularity, mostly in Southern part of the country. Elgi Tyres and Tread Ltd are the two major ret readers in India. Meaning of such retreaters can be gauged by the detail that about 85% of the tyre demand is for replacement. The PEST analysis is a helpful tool for sympathetic marketplace growth or decline, and as such the spot potential and route for a business. PEST is an acronym for following Economic, Social and Technological factors. Tyre industry in India is growing strongly and their manufacture rising from every year. In 2012 there were 40 tyre manufacturing companies working in India which be consisted of key life-size brands in tyre industry such as Good year, MRF, Falcon Tires and Bridge stones etc. tell pest analysis on this market to check at what extent political, economical, technical and social factors are moving this tyre industry in India. Political Factors Were supporting Indian tire industry as Indian Government especially reduces its taxes on basic inputs to endorse the industry. Tax and duties on the import and export of tires were set less so that cheaper tires and material could be imported and good quality tires can be exported. Tire made in India were mostly exported to other budding countries such as Latin America, South-East Asia, Middle East and the Africa. The economy of was promising and the total construction of vehicles more than double between 2000 and 2012 so it had a good quality potential for the industry. Basically in 1926, the first tire was made by a British company Dunlop, and followers of Dunlop were other three foreign companies: The Americans Firestone, Good Year and Italian Ceat, but latter on Indian Social Factors Presently, small families are demanding for 2/4 wheelers for individuals. The sales of tyres have gained more in past decade. From upper class families with more than 1 car per family observed to be increasing demand of tyres exponentially, mainly in cities where Woking couples find difficult to maintain them without more than 1 car. As we know that Indian middle class families are known for its savings frenzy has now been slowly warming up to an idea of EMI and buying on credit. Due to these factors, there is an enormous demand in passenger cars. Technological Factor Technology creation in the Indian tyre industry is in effect geared to expansion research, connecting the adjust of tread design, back up material etc. on the whole of the key players do not employ in basic explore due to the elevated expenses involved. The base of information for the home firm has been during reverse engineering, combined ventures and collaboration. The stress given by Indian tyre companies to applied research and the setting up of well-equipped in-house RD centre by the companies, which are manned by in technology up stage Indian tyre technology has exhibit flexibility in maintain inflow of technology in the course of foreign collaboration and couture the same to Indian wants RD is basically trade or market driven. But basic inputs suppliers could also help in conceive new projects. Mix growth and in-process trouble have be the main shove of in-house RD in the Indian tyre industry. The Indian Tyre industry is likely to show a healthy escalation rate of 9-10% over the next five years, according to a study by Credit Analysis and Research Limited While the truck and bus tyres are set to index a compounded yearly growth rate (CAGR) of 8%, the beam business vehicles (LCV) part is normal to explain a CAGR of with reference to 14 %. Though we have to also take account of the outcome of the global depression on top of the sector in construction these assessments. The enlargement of the division is powerfully linked to the expansion plans of the automobile companies; the governments thrust on development of road infrastructure and the sourcing of auto parts by the global Original Equipment Manufacturers (OEMs). Some major hurdles en route for attaining these projected development rates could be basic inputs connected price uncertainty rupee joy and the hostile threat of cheap Chinese imports. The Indian tyre companies need to make lively attention to detail to discover newer market as the alive market for bus-truck tyres, which account for about 45 % of the total export volume, is nearing saturation. To hand is also a critical must to increase the degree of Radialization in order to protect their share in the export market. Worldwide tyre manufacturers have been making stable efforts to innovate and offer a diverse range of products such as tyres with pressure alert systems, jog flat tyres, natural tyres and force able tyres. In this context, the Indian home companies have to follow a enlargement strategy of hysterically novelty and rising importance on produce separation. The Industry Growing At 8 To 9% by the (YOY). Their Market Leaders Adopted a Latest Technology in Manufacturing of Tyre Proudcts.and government also step taken reduced import and encourage domestic player and small scale industry to take part in growth story. Basis of Elecon is providing best quality to customers. Due to constant start work on quality, better concentration on the material usage and proper prices the Elecon could improve its performance. As per my knowledge tyre industry running successfully in india.industry demand is mostly base on automobile products. The major factors moving the demand for tyres include the level of developed activity, availability and cost of praise transport volumes. the new boom in the tyre industry due to skill and technology sector has coupled continuous thrust of government on infrastructure projects is expected to sustain healthy growth of commodities insist roughly all company have announce extensive boost in capability which effect in to boost in earnings of industry In the increase in the tax rates, transportation charges, railway freight, road constrictions patterns ,increase basic input prices (rubber) is worry for the industry.

Ellis Island Essay -- American History, Immigration

On December 31, 1890 a transition in history occured. New York City would start a new era in the history of the United States starting with the opening of Ellis Island as an immigration depo. This attracted many immigrants to the United Stated because of more job opportunities and as means to start a new life. As more immigrants came to America, it began to be known as the "land of opportunities". Immigrants coming in filled work spaces in industries with the hopes of someday becoming successful. These immigrants helped prove to other future immigrants that if you moved to America then you could start a better life for yourself and your families. On the other hand with positives come negatives and there were many involving immigration. Immigration defined means the act of coming to a foreign country to live(Lowell, 2006). Ellis Island was responsible for millions of people entering the U.S. and during this time the immigration station was carrying the load being accountable for approxametly 90% of immigrants entering the United States(Fairchild, 1996). Before Ellis Island became an immigration depot, then an immigration station the individual states of America handled immigration. On the first day of Ellis Island becoming an immigration station 700 individuals, mostly from northwest Europe, passed through. The first official immigrant being Annie Moore, a young 14 year old girl traveling with her two younger brothers from County Cork, Ireland(Chabotte,2009). For being the first immigrant to pass through the gates she was given a ten dollar gold piece which would help her journey into a foreign country. Along with Annie Moore the lack of money would be a major problem for future immigrants taking the same jou rney. ... ...ns until 1954. Today Ellis Island is a part of the statue of liberty monument, this occured in 1965. In 1990 an immigration museum was created. Today any person can travel to Ellis Island and take a look at many of the original immigrants belongings. Some people may even be able to connect their herritage together. At the museum images and signatures of original travelers can be seen. This country was created to escape persecution and allow a place to be formed where everyone is equal and free. Many immigrants may have come to escape, become rich, look for a job, be free to practice their own religion or just for a fresh start. This began when the first immigrants escaped Great Britain and continues even in the United States today. The United States was built by immigrants for immigrants and will continue to be the "land of opportunity"(Ellis,2003).

Economic Policy and Practice

Economic Policies And Practices ECO2072 / Professor Gordon 4/5/2013 Assignment Due Date – 4/3/2013 Economic Policies And Practices Understanding the foundation for which our economy and society as a whole is built upon, the need for a controlled and managed monetary system to function effectively in order to facilitate trade and stabilize the flow within our economy is a must.To facilitate this need the federal government implements tools for analyzing the economy in order to regulate and control, and decisions are made based on the inputs and observations made to stabilize and enable the money to grow and retract as required within our economic system. Again, based on the aforementioned, the phrase â€Å"money makes the world go around† therefore can be attributed to the controlled systems, policies and/or a networks of our federal government for which are governed to enhance and manage both the levels of and effects of our financial monetary system.As we proceed, we w ill attempt to explain various government policy changes or unplanned events which can and may occur, and the resulting economic events or activity that will be impacted within our economy and the effects it has upon and within our economy. Implemented Budget Plan Resulting In Increases In Debt And No Plan For Problems As we look at our Federal Governments role in execution and control of our nation’s budget and the current budget deficit we can only pray that those in charge of the decisions utilize the tools available to them to manage and soften the blow to the economy as the deficit grows.Where in the case our government employs a budget plan over several fiscal years and results wherein our economy sustains significant increases in the nation’s debt and displays no signs of relief nor presents no plans to deal with the problems, several outcomes would be likely in the economy. Mankiw, 2009, Ch. 32, P. 706 describes one effect being where government spending exceed s government revenue thus representing negative public saving, therefore reducing national savings, thus reducing the supply of loanable funds, Increasing interest rates, and crowds out investment.Amadeo, 2013 shares additional effects of this scenario wherein the deficit adds to a country’s debt each year and as the debt increases and the interest on the debt must be paid, it increases spending while adding no benefit to the economy. If the interest payments continue to rise, it can begin to create a drag on the economy’s growth. Mankiw, 2009, Ch. 32, P. 706 states additional effects in that when budget deficits raise interest rates, both domestic as well as foreign behaviors cause U. S. net capital outflow to fall.Therefore, in an open economy, our government’s budget deficit raises the economy’s real interest rates, thus crowding out domestic investment, and causing the currency to appreciate, consequently pushing the trade balance toward deficit. Enac tment Of New Tariffs And Quotas On All Imports The economy uses a model of aggregate demand and aggregate supply as a means to analyze the economic fluctuations of supply and demand. This model depicts both the overall price levels in the economy and the overall quantity of goods and services produced in the economy.If in fact the Federal Government were to enact new tariffs and quotas on all imports, the economy would indeed experience effects from this activity. Mankiw, 2009, Ch. 33, P. 725-726 describes the model of aggregate demand and supply being what most economist use to explain short-run fluctuations in economic activity around the long-run trend. The aggregate demand curve displays the quantity of goods and services for which households, firms, the government, and customers abroad want to buy at each price level.The aggregate supply curve shows the quantity of goods and services that firms choose to produce and sell at each price level. The impact the economy would incur i n the case of tariffs enacted being taxes imposed on imported goods is the increase of the price of the goods in the domestic market, therefore domestic producers benefit due to they receive higher prices, the government benefits through the collection of tax revenues thus resulting in less goods produced and the consumer pays higher prices (Investopedia, 2013).In the case of quotas and their effect on the economy, we find that quotas are numerical limits which are imposed on imported goods and in such a case of enactment consumers are truly harmed by the quotas while domestic and foreign producers will benefit once again by receiving higher prices for goods and services (Investopedia, 2013). Loss Of Confidence In Leadership In Ability To Manage And Create Jobs The Federal government is the entity that steps in when our economy incurs unhealthy conditions within its business cycle.It is presumed that our government has tools to detect and analyze our economy to understand those even ts that have the potential to alter the economy’s equilibrium. With respect to the aforementioned, problems arise when the general public loses confidence in the leadership and their ability to manage the economy to include job creation. Mankiw, 2009, Ch. 33, P. 741 shares, that in the scenario of lack of confidence we find that consumers again alter their plans for the future cutting back on purchases and spending.The effect of this cutback impacts the aggregate demand curve as well as the aggregate supply curve thus impacting either the short-run equilibrium and/or the long-run equilibrium. The consequences result in falling incomes and rising unemployment due to reduction of output mirroring the shift in aggregate demand responding to lower sales and production. Amadeo, 2013 states; â€Å"consumers who drive 70% of the economy won’t spend if they don’t believe the future will be safe and secure.Therefore, the underlying role of the government is to create co nfidence, powering the economic growth needed to create jobs†. Decrease Taxes In Effort To Stimulate The Economy Another tool within our government and its fiscal policy to regulate and control economic growth is the taxation level. Some claim that, tax rate cuts can lead to increased economic growth, and wealth, while others claim that by reducing taxes correlates to the benefiting of the wealthy due to they pay the most taxes already.Our government possesses the powers to tax which in turn gives it greater control over its revenues. Mankiw, 2009, Ch. 34, P. 773 shares, that when our government reduces personal income taxes, it increases the take-home pay of consumers. These households will save some of this additional income, and will also spend some of it on goods and services. Because reducing taxes increases consumer spending thus stimulating the economy, the tax cut shifts the aggregate-demand curve to the right. Conversely, a tax increase represses consumer spending and shifts the aggregate-demand curve to the left.The greater question lies in ‘what is the impact in our economy of a tax reduction for those making over $250,000’? Amadeo, 2013 shares that, the government considers those families that earn more than $250,000 yearly are wealthy and therefore should pay more taxes due to their ability to afford it. Amadeo, 2013 continues by stating that, economist say they do not spend these tax cuts, but save and invest them and therefore tax cuts for the wealth do not stimulate the economy. Investment Level’s Decrease Due To Lack Of Confidence In EconomyThe economy revolves around the ability of consumers to invest their moneys in goods and services or deposit ones excess money into interest bearing savings accounts wherein which the financial institutions would use the funds to make loans to consumers for the purpose of investing in personal interests. The ability to invest is crucial to the long-run of our economy’s succe ss and the functions of aggregate demand and supply and when these levels of investment decrease due to a lack of confidence in the economy several consequences begin to unfold in the economy. Mankiw, 2009, Ch. 33, P. 41 shares that, during such an event many people lose confidence in the future and alter their plans, therefore households cut back on their spending and refrain from major purchases, and businesses retract from the purchases of new equipment. AmosWeb, 2013 states; â€Å"the confidence that consumers have in the economy affects their willingness to undertake consumption expenditures†. Any change in the confidence of consumers wherein by changing consumption expenditures, will induce changes in the economy’s aggregate demand therefore causing a leftward shift of the demand curve. Interest Rates Kept Artificially Low By Fed’s For Several YearsThe economy revolves around the interest rates on the many investments of the consumers and plays a crucial p art in the spending on goods and services. The impact on the economy can be said to be two fold in the event that interest rates are kept artificially low by the Federal Reserve over a lengthy period of time. Mankiw, 2009, Ch. 33, P. 728 states that, interest rates affect spending on goods and services, therefore a lower interest rate makes borrowing less expensive and it encourages businesses to borrow to invest in operations and equipment as well as it encourages consumers to borrow to invest in self and home.This said, lower interest rates increase the quantity of goods and services in the economy. Conversely, Shilling, 2012 shares that artificially lower interest rates can have negative impacts on consumers in where those who are saving money are now receiving minimal to little return on their bank and money market accounts. Additionally, the day of the free checking accounts are fading away as well as banks and thrifts who deal with the lower interest earnings are increasing th e amounts of required balances on checking accounts that pay zero interest up to a set minimum.It is also noted that many savers are leaving the money markets funds for the protection of accounts covered by the Federal deposit insurance corp. which is displayed in the M2 velocity of money. Conclusion Based on the aforementioned and the understanding of the foundation for which our economy and society as a whole is built upon, the need for a controlled and managed economic system to function effectively in order to facilitate trade and stabilize the flow within our economy is a must.To facilitate this need, the federal government implements policies and practices within the economy in order to regulate and control, and base decisions on those inputs and observations in order to stabilize and enable the money to grow and retract as required within our economic system to maintain a balanced equilibrium. Again, based on the aforementioned, the phrase â€Å"money makes the world go arou nd† therefore can be attributed to the controlled systems, policies and/or networks of our federal government for which are governed to enhance and manage both the levels of and effects of our financial monetary system.Reference Amadeo, K. (2013). Budget deficit. U. S. Economy, Retrieved from http://useconomy. about. com/od/glossary/g/Budget_Deficit. htm Amadeo, K. (2013). Job creation – statistics, ideas, and job creation by president. U. S. Economy, Retrieved from http://useconomy. about. com/od/Employment/tp/Job-Creation. htm Amadeo, K. (2013). Should families making over $250,000 a year get tax cuts? President George Bush Tax cuts, Retrieved from http://useconomy. about. com/u/ua/usfederaltaxesandtax/Tax-Cuts-Should-The-Wealthy-Get-Tax-Cuts. htm AmosWeb. (2013). Consumer confidence, aggregate demand

Analyzing The Coping Mechanisms And Strategies Of Missing...

I. The Problem: A. Determining whether there is a significant difference in the coping mechanisms or strategies of missing or murdered children. Also to determine whether the families of missing children ever truly get closure, without there being any knowledge of what happened to their child. B. I personally believe that parents of murdered children would have very different types of coping skills, then parents of missing children because they have to morn there losses and find a way to move on in a healthy productive way, while still in the processing of trying to go throw the legal proceedings. Also parents of missing children many hold on to an inkling of hope because they’re child hasn’t been found of presumed deceased. II. Review of the literature: A. Yes, I believe the citation is this passage are very factual and they go along well with the message they are trying to prevail. B. The citations are among the years of 1987-2003, while the article itself was published in 2006,so perceivably half of the cited articles are relevant while the others could be perceived as not as relevant due to the times that they were published because the knowledge may be outdated. C. This article doesn’t perceive as being bias, it seems very factual and sways on both sides fairly. III. Procedure: A. The research method used to find the information in the text is the observation method, because he observed parents of murder victims and parents missing children to determineShow MoreRelatedDevelopmental Analysis4718 Words   |  19 PagesDevelopmental Analysis The development of a child is viewed from a number of different perspectives by several developmental theorists. While some say that development continues throughout the life, others would hold an opinion that children stop to develop as soon as they mature. Therefore, lifespan developmental theorists have focused on a number of areas while studying the development of an individual. Some of these areas include cognitions, social development, sexual development, moral developmentRead MoreCommunication Research9167 Words   |  37 Pageslegal communication, are just a few in which research plays a central role in decision making. Even though their organizational title may not be â€Å"researcher,† many employees at the managerial or executive level are responsible for collecting and analyzing data to help organizations and employees make more effective and efficient decisions. But are these examples of communication research? They could be. Some organizations conduct surveys or focus groups to discover the degree of effectiveness of theirRead MoreImpacts of Microfinance on Grassroot Development a Case Study Uf the Ketu North District16020 Words   |  65 Pagesglory to God for His protection, guidance and peace to undertake this research. I also acknowledge the contribution of many who make this work a success. To you all, I say thank you and God bless you. 4 DEDICATION I dedicate this work to my lovely children, Michael and Delisa. 5 ABSTRACT The role played by the informal and semi-formal financial sector to the growth and development of Ghana is very enormous. Also the widespread of the activities of microfinance and its role as tool for developmentRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pages Gordon, Martin P. Loeb, and Chih-Yang Tseng 8. Accounting and strategy: towards understanding the historical genesis of modern business and military strategy Keith Hoskin, Richard Macve, and John Stone 9. Modernizing government: the calculating self, hybridization, and performance measurement Liisa Kurunmaki and Peter Miller  ¨ 10. Analytics of costing system design Eva Labro 11. Understanding management control systems and strategy Kim Langfield-Smith v vii xi 1 20 42 69 92 117 146 166 Read MoreDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Read MoreOcd - Symptoms, Causes, Treatment131367 Words   |  526 Pagesobsessions emphasizes the importance of faulty secondary appraisals of mental control, as well as the erroneous primary appraisals of the obsession itself. Chapters 8 through 13 provide step-by-step, detailed descriptions of cognitive and behavioral strategies for the assessment and treatment of OCD. Chapter 8 offers an evaluation of various assessment instruments for OCD and provides individualized self-monitoring forms and rating Preface ix scales for an idiographic assessment of obsessionsRead MorePrinciples of Management: MCQ31501 Words   |  127 Pagesthe workers. (difficult; pp. 30-31) 134. In a short essay, discuss the work in scientific management done by Frank and Lillian Gilbreth. Answer Frank Gilbreth is probably best known for his experiments in bricklaying. By carefully analyzing the bricklayer’s job, he reduced the number of motions in laying exterior brick from 18 to about 5, and on laying interior brick the motions were reduced from 18 to 2. Using the Gilbreth’s techniques, the bricklayer could be more productive on theRead MoreStrategic Marketing Management337596 Words   |  1351 Pages| www.bookaid.org | www.sabre.org Contents Preface Overview of the book’s structure 1 Introduction 1.1 1.2 1.3 1.4 1.5 1.6 Learning objectives The nature of marketing The management process Strategic decisions and the nature of strategy The marketing/strategy interface Summary xi xiii 1 3 3 7 11 19 37 41 43 45 45 50 53 70 71 75 77 79 79 80 81 86 88 89 101 102 104 107 109 Stage One: Where are we now? Strategic and marketing analysis 2 Marketing auditing and the analysis of capability 2Read MoreOverview of Hrm93778 Words   |  376 PagesOrganizing appropriate actions taken to achieve those goals. Planning activities include analyzing current situations, anticipating the future, determining Leading objectives, deciding what types of activities the company will engage in, choosing corporate and business strategies, and determining the resources needed to achieve the organization s goals. The outcome of the planning process is the organization’s strategy. Dr. Mukhtar Ahmed b. Organizing Organizing is assembling and coordinating theRead MoreAbnormal Psychology. Classification and Assessment of Abnormal Behavior20707 Words   |  83 Pagesagreement in their ratings. For example, two teachers may be asked to use a behavioral rating scale to evaluate a child’s aggressiveness, hyperactivity, and sociability. The scale would have good interrater reliability if both teachers rated the same children in similar ways. 79 Validity Assessment techniques must also be valid; that is, instruments used in assessment must measure what they intend to measure. Suppose a measure of depression actually turned out to be measuring anxiety. Using such