Business Week 2 Essay Example | Topics and Well Written Essays - 500 words

Business Week 2 - Essay Example There is no use for a research problem that cannot be done. Precision in words used is at the core of a good research statement, with the problem being expressed in the initial few words. Editing of writing includes careful choice of words, clarity of expression, expression of thoughts in full with minimal word use, use of a thesaurus, maintaining short sentences, and rewriting as often as required with alertness for modification. (1). The first additional benefit that a thorough is that it boosts confidence through several factors. These factors include enhanced knowledge on the subject and the understanding that there have been others who have demonstrated interest in the topic by the investment of time, effort and resources in studying it. Another benefit is that it reveals sources of data that may not have crossed the mind. An example of this is that in going through articles on the subject the literary references provide additional sources that may not have been considered. Among the difficult areas of a research are the methodological and design issues. A third benefit of a thorough review of existing literature is that the manner in which similar studies handled these issues could be the means to resolving methodical and design issues. 3. Sometimes students believe that taking the time to prepare a complete and carefully designed research proposal is something to be preached, but not really practiced. Identify at least two different problems related to research design that are commonly encountered when doing research. For each problem, explain how a complete and detailed research proposal would help the researcher avoid the problem? Employing improper data collection tools and the lack of application to ethical issues are two commonly occurring problems related to research design. There are several data collection tools like questionnaires, interviews, and the like,

History of Economic Thought Term Paper Example | Topics and Well Written Essays - 1250 words

History of Economic Thought - Term Paper Example These colonies after annexation could only trade with its colonizers. Policies such as export subsidies and tariff trade barriers further promote biased foreign trade. In essence, the aim was to encourage exportation and explicitly discourage importation (Murphy 2010, p.288). However, capital equipment or tools that would benefit foreign countries could not be exported. Nonetheless, governments supported exploitation of raw materials within the countries boundaries. Other states supported the growth of home industries by use of incentives such as exemption from tax or earning of pension for successful industries. Even immigration of competent laborers to foreign countries faced restriction to maintain competitive advantage (Harris 2004, p.3). Undoubtedly, governments saw this as a sure way of making their countries rich. As such, this theory spread quickly and lasted for over 200 hundred years as the dominant guideline to foreign trade. However, Vaggi (2003, p. 16) argues that mercan tilism rose in relation to the existing problem rather than a school of thought. The Renaissance period in Europe saw by far the greatest influence of this theory. Between the 15th and 18th century especially, governments embraced this doctrine that extended up to the early modern period. Countries such as France, Britain, Germany and Italy are some of the examples of countries that utilized this theory. These periods marked the decline of the feudal systems in Europe (Murphy 2010, p.289). There was tension within and outside Europe states as a result of wars mostly resulting from resistance to colonization and political aggregation caused by territorial expansion. The measure of wealth was in terms of precious metals, for instance, gold and silver and as such government sought out these metals with valor. The wars fought during this period aimed to acquire more gold and silver or alternately to prevent from losing gold and silver (Vaggi 2003, p.16). The main advocate for this theor y is the French man Jean-Baptiste Colbert. During his reign as the finance minister for France, he implemented many policies that endeavored to support this theory. For instance, foreign vessels received higher port duties while French vessels did not pay port duties. This theory in regard to Colbert’s policies took on a monopolistic structure. This is because the aim was to ensure that the state is the sole producer and hence supplier of products. The state also had complete control of the prices for both suppliers and consumers. In England, the most noted mercantilist was Thomas Mun. This form of trade had its advantages, and it helped the economy of those nations to grow considerably within that period. Case in point is the considerable reduction of the price of products within the economy because the state creates economies of scale. However, this is only realistic in regard to a purely competitive market structure. Economies of scale arise from the states ability to make abnormal profits from its trading activities. Secondly, industries are not afraid to take risks because the government supports them. This theory led to the growth of local industries and trade. Local companies became international trade powerhouses for instance former British East India Company. In regard to politics, this theory is by far the greatest advocator of Nationalism because its survival depended on it (Harris 2004, p.5). While the most noted influence to the decline of the