Wednesday, January 29, 2020
Socio-Economic Consequences of Ecotourism Essay Example for Free
Socio-Economic Consequences of Ecotourism Essay Discuss the environmental and socio-economic consequences of ecotourism. What additional factors need to be considered in establishing ecotourism projects? Ecotourism aims to protect landscapes and wildlife, promoting also financial benefits to the local communities. According to Chaynee (2010), in Malaysia, ecotourism is the second largest source of Gross Domestic Product. It provides job opportunities and stimulates voyagers to show respect for the conservation of the environment. There are numerous positive and negative effects of ecotourism, and as a result, there is the need to apply additional actions to minimize the unbalanced outcomes. This essay will discuss the environmental consequences of ecotourism, such as, the conservation and deterioration of the surrounding areas. Secondly, it will analyse the socio-economic effects; finally the essay will suggest some factors for future ecotourism projects. The implementation of ecotourism has positive environmental consequences. Firstly, ecotourism allows the discovery of new places and the improvement on territory conservation. In her case study, Nikitina (2007) shows that in Russia, ecotourism has been showing off the natural areas, which during the Soviet Period were strictly protected. She also points out that the populations have more appreciation of the nature. What this means is that ecotourism may be seen as an environmental education program. Ecotourists are interested to respect rules and acquire knowledge about nature; consequentially, local communities may look at tourists as a correct model to imitate (Chaynee 2010; Waylen et al. 2009). Furthermore, according to Chaynee (2010), there is a positive impact on the attitude of local people towards conservation of their own culture. Being ecotourists interested to learn, local communities are incited to protect the cultural property value such as rituals, ceremonies, arts and crafts. However, besides protecting natural sites, ecotourism may also be the indirect reason of negative environmental consequences. This view is commonly shared; as Hueter in Jaffe (2009: 1) states, ââ¬Å"There comes a time when you have so much interference through ecotourism that you affect the thing youââ¬â¢re trying to protectâ⬠. The reason for this could be that as ecotourism is becoming a phenomenon widely promoted, the large number of ecotourists attracted, may cause a higher rate of pollution and an increased deterioration of the environment. The island of Damas shows how over-crowing of tourists influences the natural behaviour of wildlife; penguins in contact with people may abandon their own natural habitats (Ellenberg in Jeff 2009). In addition, in Tortoguero, the significant amount of rubbish left by tourist harms the habitat of the animals (Meletis in Jeff 2009). Furthermore, according to York (2005), the establishment of tourist accommodations and the need of firewood have caused water contamination and deforestation. In conclusion, environment and wildlife are often victims of the ecotourism activities. Furthermore, ecotourism produces consequences in the socio-economic status of the local community, as the creation of new businesses increases job opportunities and improves the economy. For example, it involves host communities in the tourist industry, such as restaurants, accommodation, and local tours. In addition, in Zapovednik, a natural area in Russia, extra financial helps often occur by visitors for supporting the population (Nikitina 2007). On the other hand, it needs to be underlined that socio-economic consequences can also be negatives. A study to find out the effects of ecotourism on the Masai population claims that ââ¬Å"The Masai have faced eviction from tribal lands, economic dislocation, assaults on traditional values, and environmental degradationâ⬠(York 2005: 2). For the local community, forests were the main source of income, allowing them to practice farming and other activities. However, since wildwood has become protected for the landscape conservation or destroyed for lodge constructions, the Masai are unable to use the natural resources for practicing their own businesses. In addition, in these places, industries duplicate traditional homemade products and sell these at a cheaper price; as a result the local economy is compromised (York 2005). Secondly, he believes that the prices of products and services have increased as an economic result of the turnout of a wide number of tourists. Indeed, in the Philippines, many people migrate due to the higher cost of living. Furthermore, a lack of water emerges due to the growing demand, both from the tourist facilities and local families (ibid). In conclusion, the drawbacks for the local people are various. Almost all of the above outcomes, both environmental and socio-economic, may be improved by applying corrective actions when considering future projects. Firstly, according to Libosada (2009) ecotourism should be managed like as a business and seen as a networked industry: tourist agents should work on tour promotions, the host communities provide accommodation, and the government should fix rules within the ecotourism business. In fact, a successful model for the development of ecotourism requires the participation of all of the subjects involved. In addition, by developing an accurate framework become possible resolving the conflict of interest between them, planning the use of resources and also auditing the results during the implementation of the project. Furthermore, in order to avoid some negative effects of mass tourism, Libosada (2009) suggests to identify the physical limits of the local area, in relation to carrying capacity of tourists, and use these limitations to plan future strategies; this is known as the LAC concept. Another example of how minimize the environmental deteriorations is the creation of buffer zones close to the core-protected areas. In these are promoted all the tourist activities in order to attract people and leave the protected sites intact (Nikitina 2007). Finally, in order to prevent the migration of local people, Jaffe (2009) points out that an agreement should ensure that they are employed in the village activities, so that money remains in the economy of the local area. This essay has discussed the wide impact of ecotourism on the environment, and how it may affects the socio-economic status of the communities. The several drawbacks may be minimized with the adoption of an accurate framework as guideline, the creation of buffer zones and the identification of physical limits of the ecotourism hosting areas. These actions may be fundamentals for the establishment of future ecotourism projects. Therefore, co-operation between government, local people and tourist industry is the key tool. If all the potential beneficiaries of the projects work together for the same targets, ecotourism will be more profitable and successful. List of References Chaynee, W. (2010). Benefits of Ecotourism for Local Communities. Available at: http://www.mier.org. [Accessed 22/05/10]. Jaffe, E. (2009). Science News. à © 2009 Science Service, Inc. 170(14). Libosada Jr. C.M. (2009). Ocean Coastal Management, 52, 390ââ¬â394. Available at: http://www.elsevier.com/locate/ocecoaman. [Accessed 15 Nov 2012]. Nikitina, E (2007) Ecotourism: an Opportunity for Sustainable Development Available at http://www.russianconservation.org [Accessed 19/05/09]. Waylen, K.A., McGowan,P.J.K., Pawi Study Group and Milner-Gulland, E.J. (2009). Ecotourism positively affects awareness and attitudes but not conservation behaviours: a case study at Grande Riviere, Trinidad. Fauna Flora International Oryx. 43(3), 343ââ¬â351 Available at: http://journals.cambridge.org [Accessed 28/05/10]. York, S. (2005) Eco-Tourism Can Be Both a Boon and a Curse for Indigenous Peoples. Available at: http://commongroundmag.com. [Accessed 16/05/06].
Tuesday, January 21, 2020
Thrasymachus Perspective on Human Nature Essay -- Thrasymachus Morali
Thrasymachus' Perspective on Human Nature Thrasymachus' perspective of human nature is that we all seek to maximize power, profit and possessions. He gives the argument that morality is not an objective truth but rather a creation of the stronger (ruling) party to serve its own advantage. Therefore definitions of "just" and "unjust", "right" and "wrong", "moral" and "immoral" are all dependent upon the decree of the ruling party. Thrasymachus argues that acting "morally", in accordance with the ruling party, benefits the ruling party, while acting "immorally", injures the ruling party and benefits oneself. Thrasymachus perceives human nature as our ruthless drive toward superiority. He believes that unless we are foolish "moral simpletons," we will act according to what is best for us, namely living immorally on a quest to becoming ruler of the world. He believes that our human nature has no qualms about committing immoral actions. In describing human nature Thrasymachus says, "immorality has a bad name because people are afraid of being at the receiving end of it, not of doing it." (Republic 344c) When we finally reach the goal, the ideal of human nature, we will be able to practice "immorality in its most perfect form," stealing "what doesn't belong to [us] - consecrated and unconsecrated objects, private possessions, and public property - and [we do] so not on a small scale, but comprehensively." (Republic 344a-b) Thrasymachus makes the assumption that we are all driven to acquiring as much power, profit and possessions as possible. His argument for living immorally rests on the assumption that our human nature's burning desire is for more of the three p's (power, profit and possessions), and that there is more ... ...ity is created by those in power, and thus, there is no absolute true morality, he concludes that the best way to satisfy his human desire is to acquire as much power as possible, and take from others as much as he can. Because his view of morality is not fixed but created by those in power, he defines words like "moral", "just", and "right" based on one's compliance with the rules of the ruling party. He claims that acting "morally" serves the ruling party because the ruling party designed the legal structure for its own benefit. Socrates raises some criticisms, especially the criticism showing that people behaving immorally would not be able to act in concert with others and would fall out with others, which are compelling and discredit Thrasymachus' position. From this it is conclusive that Thrasymachus has not entirely captured the essence of human nature.
Monday, January 13, 2020
Lucy Gault
In the novel, The Story of Lucy Gault, chance plays a tremendous role. There are numerous examples of this. From the very beginning, the fact that Lucy goes for a swim, and then gets hurt on her way back through the woods, starts the plot. With her not returning home, and the chance happening that her clothes were not all washed out to see, her parents left the country with out her, a critical point, never to see her again. If they had not found any of her clothes, or her sandal, they may have continued to look for her in the countryside.At this same time, the fact that Henry happened upon her under the black coat at Patty Lindonââ¬â¢s old place was another chance happening. And what if Henry had not needed the stones to repair the Oââ¬â¢Reillyââ¬â¢s sheep fence, the reason he went to Liindonââ¬â¢s. Lucy survived and the story continues. And what about the first visit by Ralph ââ¬â he got lost, came up a strange road that to him did not look like an avenue, did not ex pect to find a house, and it happened to be Lahardane, and by chance, once again Lucy was home and came out of the house. These suggest the hand of fate during not only Lucyââ¬â¢s life, but that of her parents and Ralph as well.The tragic consequences of Lucyââ¬â¢s mother and father finding her clothes along the shore prove to them that she had drowned, lost at sea while swimming alone. Convinced of this, they stop looking for Lucy and decide to continue with their plans to leave Ireland without her. They never look back. They move to England, and then continue to move from place to place, never contacting anyone at Lahardane with their updated location. Thus no one was able to let them know that their daughter had survived and was growing up without them. And likewise, they not seeing her mature.When Lucy first disappeared, Bridget confirmed that she had seen Lucy come home in prior nights with damp hair, proof that she had been swimming alone. They could not get past this fa ct of dishonesty. They had called her name in the woods to no avail. They blamed themselves, and seeing her clothes, and just one sandal, meant that she had drowned. As nothing was seen by the fisherman, it could only remain the sharks. There was no other answer. Misinterpretation plays a major role in this novel, and in everyoneââ¬â¢s lives. Communication of all forms is vital.
Sunday, January 5, 2020
Saturday, December 28, 2019
The Abortion Controversy Essay - 1423 Words
The controversy within the biomedical ethics topic, abortion, has two main proponents. The first is the view against abortion, also known as pro-life. The other view is rooted upon the belief of being pro-choice, or basically for abortions. These two different views are like two mathematical principles, in that although these two views have many differences, they also have larger similarities in the background. For example, when pro-choice activists support abortions due to unwanted pregnancies, the activists are not rallying behind the idea of sexual incompetency (pregnancies due to lack of birth control). Rather, they are supporting the idea that women have the right to choose what to do with their own bodies. In order to understandâ⬠¦show more contentâ⬠¦They believe that through love, and guidance anyone with any form of deformity or disease, can lead a normal life. The cases pertaining to rape also have different anti-abortionists views. Many anti-abortionists believe tha t the child can actually help the mother get through the turbulent times in her life, by providing each other with a loving environment. Finally, in the case of economics, the pro-life activists believe that having an abortion due to financial reasons is ridiculous. Because, it doesnââ¬â¢t mean that the child will have a life full of isolation and depression. The pro-life activists argue that there are also numerous welfare programs for such families. However, the pro-choice or the activists for abortions, argue that if a family is in a state of financial trouble, then abortion should be a practical option. Otherwise, the child would be born into a life of suffering, and inadequate living conditions. The pro-choice believers, bases their beliefs, upon the fact that having an abortion is the inalienable right of women. They believe that by outlawing abortions, women arenââ¬â¢t allowed to practice their freedom of privacy. In a way, women are being denied their constitutional rights. Many pro-choice activists also state that abortion is justifiable, because at the time of fertilization the ensuing embryo is not yet a human being. It is not a human being, but a potential one. Therefore, its death does not constitute a murder. Pro-choice activistsââ¬â¢Show MoreRelatedThe Abortion Controversy1006 Words à |à 5 Pagesââ¬Å"The Abortion Controversyâ⬠Many outsiders see the United States as a place of peace and harmony. But for those who live within it, know that it is the complete opposite. The United States has numerous amounts of worldwide problems from the economy to obesity to even pollution. Although some are more important than others doesnââ¬â¢t mean the small issues should go unnoticed. Abortion, the termination of pregnancy is considered a problem by many but also reflected as nonfactorRead MoreLegalization of Abortion: A Controversy2153 Words à |à 9 PagesAbortion Should abortion be legalized? Part One: Introduction and Thesis Abortion is the termination to a pregnancy after the baby has been conceived. It basically involves the woman putting an end to her underdeveloped embryo or the fetus. This may be done at different stages of the pregnancy and may be done for various reasons. The controversy exists between whether or not this is ethical and whether it should be legalized. Some countries allow the woman to put an end to her pregnancy withRead MoreThe Debate Over The Controversy Of Abortion1600 Words à |à 7 PagesWhen taking the emotional aspect out of the abortion argument, what premise would most support individual liberty? The debate over the controversy of abortion continues because of its frequency of occurrence, and the cultural, legal and religious status that varies extensively in different parts of the United States. While the emotional arguments regarding abortion can be compelling, but should have no bearing in the legal discussion, the individualsââ¬â¢ rights to life and liberty shou ld be held aboveRead MoreThe Controversies Regarding Abortion798 Words à |à 3 PagesAbortion With the subject of abortion, it seems that no consensus will ever be reached. Those who argue in favor of choice will never see from the perspective of the pro-lifers and vice versa. The major difference is that those who are pro-choice have never been responsible for the deaths of the opposition. Before the Roe v. Wade case made abortion legal in this country, abortions were unlawful in the United States. Anyone who needed or wanted an abortion for any reason, physical or emotional, wouldRead MoreThe Debate Controversy Over Abortion Essay1812 Words à |à 8 PagesControversy On Abortion Since technology has developed rapidly over the last several years, many endless controversies have broken out in America. One particular controversy that has become a continuous issue in America is abortion. Over the last decade the controversy over abortion has become a dividing conversation in America. The introduction to this paper is to discuss the controversy of abortion and its connection between individual rights and government control. Several people believe abortionRead MoreControversy of Abortions Essay example547 Words à |à 3 PagesControversy of Abortions The topic of abortion is one of the most controversial and sensitive for the society and myself. The debates and confrontations between two opposite groups of opinion are long and sometimes even brutal. Both sides have strong supporting arguments: pro-lifers base on moral principals, which is life before birth, while pro-choicers defend political and social rights, such as right to privacy and right of choice. Neither side can be absolutely right or wrong; basicallyRead MorePro And Anti Abortion Controversy4704 Words à |à 19 Pagespro and anti abortion Controversy 1970-1990 In the photo to the Left we can see women marching in protest for REPEAL, these women are Pro-Choice and wanted to change the Contraception, Sterilisation and Abortion Act. In the photo to the Right we can see Pro-Lifers marching in the ââ¬ËRally for Lifeââ¬â¢ with banners protesting to abortion. Leading up to the Controversy Leading up to the Controversy in the 70s and 80s - An introduction to where it all Began Before the abortion debates in the 70s to 80sRead More Abortion Controversy Essays2467 Words à |à 10 PagesThe Abortion Issue Introduction Abortion has been a very controversial subject over these past few decades. Every time you pick up a paper or magazine it seems there is always some protest regarding abortion, whether it be for fetal rights or womens rights. According to the Encyclopaedia Britannica the definition of abortion is the expulsion of a fetus from the uterus before it has reached the stage of viability (in human beings, usually about the 20th week of gestation). An abortion may occurRead More The Controversy Over Abortion Essay2078 Words à |à 9 PagesThe Controversy Over Abortion One of the most controversial topics over the years, and still today, is abortion. Is abortion murder or not? When does a fetus become a human? There are no answers to these questions. Everyone individual has their own beliefs on whether or not abortion is justifiable. Abortions have been performed throughout many of centuries. Recently, there has been a number of court cases that has changed the legality of abortions, especially in the United States, for exampleRead More A Rational Look at the Abortion Controversy Essay3888 Words à |à 16 PagesA Rational Look at the Abortion Controversy One of the most hotly contested issues inside and outside of biomedical ethics today is abortion. The discussion received a new impetus at the release of the controversial abortion drug RU-486, a pill to increase access to abortions and let women get them privately from their own doctor instead of facing shouting protesters at clinics.2 As is the case with all controversial issues, there are very passionate people on both sides of the fence. Unfortunately
Friday, December 20, 2019
Tobacco Product Should Be Banned - 1413 Words
Tobacco Product should be banned According to World health organization ââ¬âWHO (2014), tobacco keeps on killing 6,000,000 every year globally. Tobacco practice has been going on from ancient times. In ancient time, tobacco was used for smoking and chewing just as it today. But, now itââ¬â¢s time to stop this practice. Because today not only people are dying due to consumption of tobacco products, but also they are suffering from very serious diseases caused by it. Besides it is also carry great risk and annoying to non-smoker. In addition to serious health issue, it exerts financially toll on federal and affect the individualââ¬â¢s family. It is also one of the main cause to pollute the environment. While there are some obstacle to sell tobacco product such as cigarette which generate a large tax revenue, increases the GDP- Gross domestic product and many people which are associated with tobacco business but at the end consumers has to suffer from its life taking results. Due to those reasons tobacco product should be banned. Tobacco product is considered a potential hazard for health. According to Surgeon Generalââ¬â¢s Report (2014), more than 480,000 people die every year any many more suffer from dangerous diseases due to smoking, in United States of America itself. Additionally, many people are dying because of tobacco than Human immune deficiency virus (HIV), Illegal drug and Alcohol use, car accident, and Firearm-related incidents combined (Center for Diseases and ControlShow MoreRelatedTobacco Products Should Be Banned1905 Words à |à 8 PagesTobacco products have been used for chewing and smoking in the North American continent for over a thousand years. Tobacco products have been a part of United Stated history since its colonization. However, although tobacco products have been used for centuries there have been studies done in more recent years that have linked tobacco products to widespread health problems. This has caused controversy in the world today on whether or not tobacco product s should be banned in this country. There areRead Moreââ¬Å"Cigarettesâ⬠A Death Product of Tobacco Industry should be Banned1544 Words à |à 7 Pagesââ¬Å"Cigarettesâ⬠A Death Product of Tobacco Industry should be Banned In the present age smoking cigarettes has emerged out as a fashion, especially in our teenagers. Quiet often, a boy or a girl can be seen puffing around on streets proudly. Their parents try their best to refrain them, yet all in vain. They are unaware of the possibility that most will find it very hard to give up this addiction. Alike the young, adults smoke far too often for a reasonable human being, indifferent to the consequencesRead MoreSmoking Tobacco Is The Leading Cause Of Death Worldwide880 Words à |à 4 Pagesrespiratory issues than nonsmokers. Tobacco products such as, snuff and chewing tobacco also contribute to similar health issues and risk. The idea of banning smoking and tobacco products is great because it could prevent millions of deaths yearly. There are many different negative side effects that come along with the use and smoking of tobacco. Smoking tobacco is often referred to as a ââ¬Å"slow deathâ⬠, because it shortens a personââ¬â¢s life expectancy. The use of tobacco often leads to many differentRead MoreBAN ON TOBACCO ADVERTISEMENT IN INDIA800 Words à |à 4 PagesBAN ON TOBACCO ADVERTISEMENT IN INDIA In 2004 the government of India banned tobacco companies from advertising their products and sponsoring sports and cultural events. The objective was to discourage adolescents from consuming tobacco products as well as empower the government with the power to launch an anti tobacco program. . This issue created a serious problem in that it was both ethical and commercial, the government on one hand, believe it was its responsibility to protect the welfare ofRead MoreEthical Considerations : Ban Tobacco985 Words à |à 4 PagesEthical Considerations: On the one hand, was tobacco, the most dangerous consumer product known, which killed when used as the makers intended. Just like most dangerous substances like cocaine were banned so from the ethical point of view it was not alien for the government of India to ban tobacco. Therefore from an ethical standpoint, the Government had to discourage the habit, as it was responsible for the welfare of its citizens. In view of international precedents and statistics the ban wasRead MoreBanning Tobacco Advertising Ban On The Public Health Of Their People976 Words à |à 4 PagesIn February 6, 2001, the Government of India announce their plan to soon pass a bill banning Tobacco companies from displaying any source of advertising or sponsoring any public events. The advertising ban took effect from May 1, 2004. In October 2, 2005, the Government of India prohibited any new programs or movies from showing any actors or actresses smoking as it glorifies smoking and sends a bad message to its viewers. According to a CNN article written by Leo Juarez, some actors seem to supportRead MoreShould Cigarettes Be Banned in the U.S.?1444 Words à |à 6 Pages Tobacco has been around in the world for over 2.5 million years. It was not until a few hundred years ago when the tobacco industry decided to put these crops into use and conjure up tobacco products for the community. A popular tobacco product in soci ety is cigarettes, as they are cheap and simple to use. As long as one is over eighteen, acquiring cigarettes is a straightforward process for a reasonable price, albeit the sin tax. It was not until recently when cigarettes became widely controversialRead MoreShould Cigarettes Be Banned in the U.S.?1400 Words à |à 6 PagesShould Cigarettes Be Banned in the U.S.? Tobacco has been around in the world for over 2.5 million years. It was not until a few hundred years ago when the tobacco industry decided to put these crops into use and conjure up tobacco products for the community. A popular tobacco product in society is cigarettes, as they are cheap and simple to use. As long as one is over eighteen, acquiring cigarettes is a straightforward process for a reasonable price, albeit the sin tax. It was not until recentlyRead MoreBan Banning Should Not Be Banned981 Words à |à 4 Pagesthat should not only be avoided, but also banned. In India specifically, a country that is renowned for its high use of tobacco production and use, the idea of smoking has become a national crisis. With tobacco companies trying to push for freedom of speechâ⬠with advertisements, and the government attempting to assume a sense of responsibility, it seems almost impossible to find a solution that can encompass all perspectives. Pro-banning arguments Many feel that the Indian government should be allowedRead MoreNon Smoker Policy1028 Words à |à 5 PagesTo: Senior Policy Maker From: Shirley Kyere Subject: Tennesseeââ¬â¢s Non Smoker Protection Act Date: November 12, 2017 Policy Background In 2007, Tennessee, one of the largest tobacco-producing state in the United States endorsed the Non-Smoker Protection Act (NSPA) that banned smoking in enclosed areas in Tennessee with some exceptions (ââ¬Å"Information for Employersâ⬠, n.d.). The law went into effect on June 11, 2007 and municipalities had to observe it no longer than October 1, 2007. This law was enforced
Thursday, December 12, 2019
Managerial Economics Models of Duopoly Pertaining
Question: Discuss about the Managerial Economics for Models of Duopoly Pertaining. Answer: Introduction Markets are everywhere and lie at the heart of all economic activities. These markets differ from each other in respect of their structure, level of competition and their response to competition. Hence, an understanding of market structures is of immense importance for businesses to operate effectively in the industry. This understanding helps them to identify the characteristics of firms, degree of existing competition, number of buyers and sellers, type of product, capacity of a firm to influence other firms in the industry and other similar aspects related to market in which the firm operates. This further helps in identification of optimal price, output and level of promotion or differentiation required to stay profitable in a particular industry. Throughout the lifetime of any business organization, it is attached to one or the other market structure and its product, price, output and other factors are influenced by the market structure. The commonly identified market structures are monopoly, duopoly, oligopoly and monopolistic competition. The following essay discusses various aspects of these market structures in context of different industries of Australia along with highlighting their distinct features and identifying the industries with these market structures. Market structures in Australia Market structure refers to level of competition available in the market for particular goods and service. Market structure includes product as well as service sector and it identifies competitors available in particular market. It includes the condition of entry and exit of new buyer and seller for dealing. Market structure includes various forms of market such as monopoly, duopoly, oligopoly and monopolistic competition. These markets have different features and market strategy to deal with customer. Market structure helps to determine different market strategies and policies of the firms to stay in this competitive market. Monopoly market can defined as availability of single seller with huge number of customer without having any close substitute (Waschik, Fisher and Prentice, 2010). Duopoly is similar as oligopoly, which refers to availability of two independent firms in market without any agreement. Duopoly has effect in market as similar as monopoly that includes changing the price of product according to customer demand. However, under duopoly, there are two independent sellers of a similar product as compared to single seller in case of monopoly (Free, 2010). Oligopoly refers to market condition that includes few firms that sell homogonous product in market. In this market, it is not easy to identify the number of competitive firms in the industry because there are few firms available in the market and the act of these firms can affect the performance of other firms (Free, 2010). Monopolistic market structure is the most different of all the structures and is characterized by high number of buyers and sellers in the industry. Hence, any single firm cannot control the production of the firm as well as substitute of product. These markets differ not only in context of number of buyers and sellers, but also in context of the product that they provide, the prices they charge and marketing strategies that they adopt to lure customers. As monopoly is the only seller of a particular product, its product is highly homogeneous, prices are generally high and the seller hardly uses advertising strategies to lure customers. Hence, monopoly is the price maker (Waschik, Fisher and Prentice, 2010). Duopoly, on the contrary, affects consumers purchasing power as consumers purchase the product at high price due to high competition between these firms. However, firms under duopoly provide more or less homogenous products, indulge in price wars and have loyal customers (Free, 2010). In oligopoly market, firms can produce either differentiated heterogeneous products. Further, perfect oligopoly can occur with availability of industrial goods and imperfect oligopoly can occur due to availability of customer goods. At the time of production, these firms have the power for setting the price of goods and service. It provides different product at different price to the society. These firms have certain barrier in the entry of new firms in industry. Finally, monopolistic structure is highest degree of imperfect competition where sellers try to gain market share by providing highly differentiated products, using different promotional tactics and differentiated price levels. Any single firm cannot control the production of the firm as well as substitute of product, entry and exit is easy and the firms have to provide products as competitive prices (Hubbard et al., 2014). In context of Australia, all these market structures can be found in different industries. For example, Australia Post reflects a monopoly market structure. It is single supplier of posts and does not allow private enterprises for supply of postal from post office box (Carmody, 2015). Australias telecommunication and airline industries are example of duopoly market structure with Telstra and Optus in telecom industry and Virgin, and Qantas in airline industry (Ramli, 2015). The Australian retail/supermarket and banking industry faces an oligopoly market structure (Dagge, 2015). In supermarket retail segment, Woolworth and Coles are market leaders with 70-80% market share and other retailers like Aldi are followers (Ramli, 2015). In Australia, fast-food/restaurant industry has the condition of monopolistic competition where firms like McDonalds, Burger King and Subway provide highly differentiated products such as burger, sandwich, pizza and many more at competitive prices (Hubbard et al., 2014). Moreover, they also indulge in intense promotion and marketing strategies to capture market share. Conclusion From the above discussion, it can be concluded that Australian industry has high competition in the market that depend on the market structure such as monopoly, duopoly, oligopoly and monopolistic competition. In Australian market, Australia post has the situation of monopoly that have the barrier for private postal company to supply of postal from post office box. Further, duopoly market is found in telecom and airline industry. In addition, Coles and Woolworth have the oligopoly market condition in Australian retail market and finally fast food/restaurant industry in Australia has the condition of monopolistic competition that includes market players like McDonalds, Burger King, Subway and many others. References Carmody, B. (2015) Australia Post is hurting small businesses with PO Box monopoly, says delivery company Sendle, Smart Company. [Online]. Available at: https://www.smartcompany.com.au/growth/49035-australia-post-hurting-small-businesses-with-po-box-monopoly-says-delivery-company-sendle/ (Accessed: 14 December 2016). Dagge, J. (2015) Study finds Australian monopolies have better results, Herald Sun. [Online]. Available at: https://www.heraldsun.com.au/business/study-finds-australian-monopolies-have-better-results/news-story/83436800178abede28b01f82135a5da5 (Accessed: 16 December 2016). Free, R. C. (2010) 21st Century Economics: A Reference Handbook, Volume . UK: SAGE. Hubbard, R., Garnett, A., Lewis, P. and OBrien, A. (2014) Microeconomics. Frenchs Forest: Pearson Australia. Ramli, D. (2015) Australia's phone and internet market could become duopoly, says Optus chief, The Sydney Morning Herald. [Online] Available at: https://www.smh.com.au/business/australias-phone-and-internet-market-could-become-duopoly-says-optus-chief-20150604-ghgm5b.html (Accessed: 15 December 2016). Waschik. R., Fisher,T. and Prentice, D. (2010) Managerial Economics, Second Edition: A Strategic Approach. George: Routledge. ED (2016) Models of Duopoly Pertaining to Price Output Decisions. [Online]. Available at: https://www.economicsdiscussion.net/duopoly/models-of-duopoly-pertaining-to-price-output-decisions/3793 (Accessed: 17 December 2016). Layton, A.P., Robinson, T.J.C., and Tucker, I.B. (2011) Economics for Today. USA: Cengage Learning. TM (2016) Game Theory of Oligopolistic Pricing Strategies. [Online]. Available at: https://thismatter.com/economics/oligopoly-game-theory.htm
Subscribe to:
Posts (Atom)