Friday, February 28, 2020
Final Research Paper Example | Topics and Well Written Essays - 1500 words
Final - Research Paper Example The necessity to create and develop new and cleaner supply of energy is both an imperative of environmental conservation and economics. The urgency of creating and developing new energy supply is urgent due to the damage wrought by the excessive carbon emission of the traditional sources of energy that caused irreversible climate change and other irreversible damage to the environment (Kelly, 2008). One alternative that is seriously considered is nuclear power. Just like any other source of power, nuclear power has its benefits and disadvantages. One of the most popular argument for the preferential use of nuclear power as an alternative source of energy is that it does not produce pollutants and thus can mitigate the effect of climate change by reducing greenhouse gas emission especially carbon dioxide. It also makes energy supplies more secure as the diversification of energy source will lessen the dependency on fuel imports. It is also a cheap source of energy as one single nuclea r power plant can produce tremendous amount of electricity. There are however concerns about the use of nuclear power as an alternative source of energy. Foremost to these concerns is the possibility of a nuclear meltdown just like what happened to Chernobyl and Fukushima Daiichi in Japan. Next is the issue of the disposal of radioactive waste which can prove to be deadly when a living thing is exposed, that includes humans, animals and plants. The Chernobyl disaster demonstrated how devastating a nuclear meltdown is that the nearby town of Pripyat in Ukraine still remained uninhabited today after the 1986 disaster and made it a reason why nuclear technology should not be used. The present reality however compels a serious consideration of an alternative source of energy. At present, other sources of energy are already depleted because they are non renewable and needs to be abandoned because they pollute the environment (Armaroli, & Balzani, 2011). Nuclear power provides an excellen t alternative because it does not release any pollutants to the atmosphere. Unlike the traditional fossil fuel which converts itself into carbon dioxide during its conversion into electrical energy, nuclear power does not emit carbon dioxide because it is not being burned to create electrical energy (Clemmit, 2010). Energy is created in a chemical process which decomposition takes place exothermally that heats up a water to create a steam that would consequently propel the connecting turbine to create electrical energy from a stored chemical energy. This technology was already available since 1600s and may have been first used as a weapon to bomb the cities of Hiroshima and Nagasaki in the Second World War (Graetz, 2011) but it was only in 1957 that it was first used as a source of energy when the first nuclear power plant was constructed at Pennsylvania when a uranium atom was discovered that could be split to produce sub-atomic particles of high energy content (Kelley, 2008). The nuclear power as a source of energy also proved to be efficient because it only requires a very small amount of raw materials to produce a large quantity of energy (Cavallaro, 2010). Raiput even estimated that it a single nuclear plant could supply energy for an entire country for a long time (2006). It is also cost efficient because it requires minimal cost in its maintenance that could last up to sixty years (the regular
Wednesday, February 12, 2020
Charater notebook Article Example | Topics and Well Written Essays - 750 words
Charater notebook - Article Example Additionally, Corie illustrates the theme of change as she seeks to change both Paul and Ethelââ¬â¢s preferences to conform to her own specifications. Consequently, she manages to change her motherââ¬â¢s view towards dating again, as the play reveals that Ethel spent the night at Victorââ¬â¢s house after the blind date. (Simon, 1964) After an argument with Paul, Corie manages to throw him out of the house and as a result of the alienation, Paul takes to drinking and adheres to Corieââ¬â¢s specifications of animproper and undignified man. The play is built on the concept of transition as each character tends to transition into new attributes after a different encounter in the play. Ethel was reserved about the blind date between her and Victor and during the blind date, Paul and Ethel sit on their chairs as Corie and Victor dance with the belly dancer. The twist in character changes sees Ethel step out of her comfort zone and spend the night with Victor on their first encounter a fete which Corie would not have anticipated. Paul decides to walk on the snow bare footed irrespective of his prior reservations stating that the snow was 17 degrees. With respect to the circumstance focused on in the play, the author illustrates the theme of change in the different acts. In act one, Corie notes Paulââ¬â¢s conservative attributes and states some instances where his reservations conflicted with her needs. She notes that while they were in a party, Paul kept staring at his coat instead of mingling with other people who were present.Paul is calm, reserved and dejected and only conforms to a given lifestyle due to factors derived from his career and general outlook to life. He appreciates order and is very reserved when he is in contact with new people, he comes across as a shy person but it is revealed that his line of work forces him to embrace his character. In one of their arguments, Corie states that Paul is just a
Friday, January 31, 2020
Compare & Contrast Modern Conservatism and Modern liberalism Essay
Compare & Contrast Modern Conservatism and Modern liberalism - Essay Example In this discussion of the idea of liberty it must be understood, then that the Constitution is a contractual tradition that is used in order to define how liberty can be expressed, which might be considered a contradiction. However, when examining the Constitution, it is based on defining how each person cannot impede the will on another and what constitutes an infringement that has surpassed the rights of the individual and imposes on the next. It is a difficult and sometimes indistinct structure of what impedes the individual to express their freedom and what is the imposition of the individual of another to express their won liberty. Conservatism traditionally means that there is an adherence to morality that is founded in a respect for authority. A conservative wanted to maintain the status quo with a rejection of things that were either modern or secular (PPT Classical Conservatism 1). Current conservative beliefs are at their core not much different than this with the resistance to science and to secularized governmental separation. The current conservatives seem to desire to assert morality as an absolute over the beliefs of all people rather than allowing for the differences that emerge in a diverse society. One tenet of classical conservatism that seems to have changed is the idea that society is in need of restraints (PPT Classical Conservatism 2).... Where classical conservatism once believed that human nature was essential wicked and needed to be held to a high morality, contemporary conservatism believes that there should be less government. The government should remain out of the business of creating regulatory constraints on behavior because the economic system will naturally weed out what is and is not appropriate for society. Free enterprise should be specifically free in order to gain its goals without having to comply with rules that govern its morality. Change is also resisted by conservatives both classical and contemporary. In resisting change, the status of the current society is maintained and the theory that if something is not broken it should not be tampered with is in full swing for conservatives (Guide 41). The belief that the moral high ground is established by the continuation of a system in which some are benefited, usually those that are conservative, is the foundation for the resistance that exists in the c onservative political belief system. The system that emerges over time will tend to favor the elite of a society because for a time it will go unchecked as it continues to have the appearance of working. An example is the deregulation of the mortgage system that was well predicted to be a bad idea, but in the end the system broke rather than being changed to be more effective. The reason for this is that it was making money. When it comes down to it, the ââ¬Ëmoralityââ¬â¢ of a system and the resistance to change comes from a belief that as long as it can be exploited it should not change. In contrast to the belief that morality should be imposed and that constraints on human nature
Thursday, January 23, 2020
How Have I Changed As A Writer? :: Essays Papers
In the past three months I feel like I have accomplished a great deal. As the semester comes to an end I find myself reflecting not only how I have survived the first semester but also what I have learned. The most important thing I have learned so far is how to become a better writer. I did not think it could really happen to me. I did not think I could handle all the work. I did not think I could actually become a better writer. Some how after all the hours of writing, and putting effort into the papers that I wrote this semester, I became a better writer. I did this because I concentrated on two very important areas, with the attitude of, if I could just become better in those then I would become a better writer. With help from an awesome teacher and a reliable tutor I have become a better writer by improving my skills in the areas of procrastination and content. Procrastination has become such a bad habit for me. It is very hard to stop procrastinating everything once you have gotten into the habit of doing it. Once I had a term paper due for my religion class. It was to be ten pages long and we were told to spend a lot of time doing it. Being the procrastinator that I am, I waited to the very last minute to do it. I waited until the night before to do most of it. Needless to say, I was up very late that night. In this class there was always a part of the paper due on a certain date before the final paper was due. Having things due before the final paper is due keeps me on task and keeps me from procrastinating until the day before the paper is due. There was one paper which we had to get sources for a while before the paper was due and it forced me to keep up with the paper, rather than let it go to the last minute. This class has taught me that the earlier you start the more positive your final result will be.
Wednesday, January 15, 2020
Public Health Challenge Essay
Possibly the most imperative public health challenge for the United States today is the obesity epidemic the population has. This obesity epidemic, is linked to an array of costly and debilitating health consequences. The widespread challenge of obesity and the health problems and concerns that go with that is an American public health problem. FDAââ¬â¢s approval of two new medications that can help to decrease some of the obesity , decrease some of the chronic diseases associated with obesity, and decrease the costs associated with obesity. This essay will be addressing these pertinent problems and will prove that the new FDA drugs approved for weight loss will help Americanââ¬â¢s with weight loss that will decrease obesity, decrease chronic illnesses that are associated with obesity and decrease health care costs. Prevention of obesity along with investing in research is necessary for us to see a change in the obesity epidemic (Hammond, 2012). Research suggests that decreasing obesity will decrease the costs of health care, decrease chronic illnesses associated with obesity. Total obesity costs would be much more reduced, along with the cost for other conditions caused by excess weight in our population (Finkelstein, Trogdon, Cohen & Dietz, 2009). Research suggests that the newest FDA approved diet pills will benefit Americans by decreasing obesity, decreasing chronic diseases associated with obesity and decreasing health care costs. Research shows that newest FDA approved diet pills Qysimia, and Blviq (lorcaserin), are helping to decrease obesity in the American population that were taking these medications. The new diet drugs approved by FDA will benefit Americans by decreasing obesity rates in the American population. With two-thirds of all our population being obese or overweight or and the related cost of health costs, FDA was under pressure to approve any weight loss treatments (Berkrot & Yukhananov, 2012). The Food and Drug Administration (FDA) permitted long-term weight loss obesity drugs for the first time in 13 years, these drugs are suppose to help unhealthy overweight and obese Americans with weight control that have been unsuccessful (FDA, 2012). These two new drugs, Belviq (lorcaserin) and Qsymia will be a tool to help Americans get and stay at a healthy weight (FDA, 2012). Belviq (lorcaserin) is one of the two new drugs that have been approved by the FDA. Resesearch currently showing promise and benefit from this medication. Belviq (lorcaserin) which drugââ¬â¢s efficacy submitted by FDA and Arena pharmaceuticals show a weight loss of five percent of their starting weight, averaging twelve pounds (Park, 2012a). Belviq (lorcaserin) works activating the brain receptors for serotonin which help to control appetite. Arena researchers explain that their drug is designed to seek out these appetite serotonin receptors and saturate them so that appetite is controlled. FDA and Arena pharmaceuticals show a weight loss of five percent of their starting weight, averaging twelve pounds. The best results have been shown in people that are on a healthy diet and an exercise program (Park, 2012a). FDA has approved this medications for obese patients with a BMI of 30 or above, or if a BMI of 27 and high cholesterol, hypertension or Type 2 diabetes. Side effects associated with this medication are fatigue, dizziness, dry mouth, constipation, headache and nausea; side effects for diabetic patients are fatigue, low blood sugar, headache, back pain and cough. The standard labeling for Belviq suggests that the drug be terminated in patients who fail to drop 5 percent of their body weight after 12 weeks of therapy, because they will probably not start achieving weight loss. When Belviq is given 10 milligrams twice a day, Belviq does not appear to activate the serotonin 2B receptor, which is what caused the withdrawal of fenfluramine and dexfenfluramine drugs because of cardiac issues. (Yao, 2012). The weight loss proven in research from this drug proves that Bekviq (lorcaserin) that will helped decrease the obesity in the American population that are prescribed this medication. A second new drug Qsymia, made by Vivus, is has been approved by FDA closely behind Belviq. Qsymia which drugââ¬â¢s efficacy in trials show a weight loss of 8.4 -10.6 percent of their starting weight. (2012b). This drug is a combination drug, topiramate, and phenertermine. Phentermine is an appetite suppressant stimulant, and topiramate is an anti-seizure medication that makes gives people the feeling of being fuller after eating. Research suggests that it works by targeting brain receptors that trigger eating too much. With clinical trials, obese patients that took Qsymia for a full year lost on average 8.4 % to 10.6% of their weight, the weight loss increased with higher doses. The FDAââ¬â¢s approval of Qsymia, after such a long diet-drug drought and despite the potential safety problems that plague weight-loss pills, marks a willingness to make new solutions available. FDA approved this drug for obese people with a BMI of thirty or greater or twenty-seven or more with another co-morbidity disease. Risks or side effects include increased heart rate, birth defects for pregnant women, and metabolic acidosis. With the American population increasing in obesity by over a third of the adults and effective weight loss treatments are few and rare. FDA approving these new weight loss pills shows us that new solutions are available (Park, 2012b). The weight loss associated with this drug is greater than that of Belviq but the potential complications and risk may be greater. FDA approving these two new drugs Qysmia and Belviq after a 13 year gap in FDA diet drug approval is promising to Americans, both drugs shows a substantial weight loss in obese patients with BMI of 27 or greater. This weight loss will be effective in decreasing obesity in the American population. These drugs are supposed to help unhealthy overweight and obese Americans with weight control that has been unsuccessful (Yao, 2012). Belviq (lorcase-rin) is a 10 mg tablet taken twice a day that works by sending signals to the brain that controls hunger. Weight loss from Belviq in studies averaged 3-3.7 percent. Qsymia is taken once a day, with patients starting at the lowest dose (3.75 mg phentermine/23 mg topira-mate extended-release), then increas-ing to the recommended dose (7.5mg/46 mg). The maximum dose increased to the highest dose (15 mg/92 mg). Weight loss from Qsymia in studys averaged 6.7-8.9 percent. Orlistat is the last FDA approved drug on the market currently. Prescriptions approved by FDA in the past have a history being removed because of detrimental side effects (FDA, 2012). A new solution for weight loss is necessary to help decrease the obesity epidemic in the United States and the FDAââ¬â¢s approval of Qsymia and Belviq, is the a start to answering how Americans can make weight loss being accessible (Park, 2012a). The two new diet drugs, Qysmia and Belviq approved by FDA will benefit Americans by decreasing chronic diseases associated with obesity in the American population. Conditions associated to obesity include heart disease, stroke, type 2 diabetes and certain types of cancer, some of the leading causes of preventable death. (CDC, 2012). Decreasing obesity will decrease the amount and or severity of these chronic. Obesity is defined as an adult with a BMI (Body Mass Index) greater than 30 and overweight is defined as BMI of 25- to 29.9 or greater. In 2009-2010 37.5% of the American population was obese according to data from the National Health and Nutrition Examination Survey (Ogden, Carroll, Kit & Flegal, 2012). BMI is not a diagnostic tool. For example, if a person has a high BMI, a health care provider would need to perform further assessments to determine if the excess weight is a health risk. These assessments might include evaluations of diet, physical activity, family history, blo od tests and other appropriate health screenings (CDC, 2011). With over one third of Americans being overweight it increases the chronic illnesses of over one third of our population. Almost 41 million women and more than 37 million men aged 20 and over were obese in 2009ââ¬â2010. Obesity leads to higher health risks and chronic diseases including type two diabetes, hypertension, and increased lipids to name a few. Adults aged 60 and over were more likely to be obese than younger adults. The Healthy People 2010 goals of 15% obesity among adults and 5% obesity among children were not met (Ogden, Carroll, Kit & Flegal, 2012). Decreasing obesity rates will decrease our chronic illnesses associated with obesity. . An effective obesity prevention strategy will be to include education and change policies to incorporate healthy changes to decrease obesity. According to an analysis in the American Journal of Public Health, as little as a 5 percent reduction in the prevalence of diabetes and hypertension would save almost $25 billion annually in med ium-term health care costs (Hammond, 2012). Sixty percent of the Americans obese or overweight population reported one or more chronic illnesses that were associated with obesity, in 2006, compared to 33 percent of normal-weight adults. Cardiovascular disease is one of the major risks associated with obesity. The excess fat associated with obesity raises cholesterol and blood pressure. Decreasing the excess fat will decrease cardiovascular disease. Cancer over the last decades has been linked to obesity, decreasing obesity will decrease some of the cancer risks. Type II diabetes is the one chronic disease mainly associated to obesity, and studies suggest that a weight gain of 11 pounds or more in adult aged patients is associated with 27 percent of type 2 diabetes (Combs, 2011). Decreasing weight of 11 pounds which is a possibility for patients on these diet drugs will decrease these chronic illnesses. The new approved diet pills help decrease chronic diseases associated with obesity as evidenced by decreased chronic illnesses being present in lower weighted Americans The new diet drugs approved by FDA will benefit Americans by decreasing health care cost associated with obesity in the American population. This obesity epidemic is associated with increased health care costs and will continue to increase over the next years. Prevention of obesity along with investing in research is necessary for us to see a change in the obesity epidemic (Hammond, 2012). Obesity cost health care large amounts of money and is a health concern (Berkrot & Yukhananov, 2012). The abstract ââ¬Å"Annual medical spending attributable to obesityâ⬠connects the unquestionable connection between growing rates of obesity and escalating medical spending. The liability of obesity has escalated to almost ten percent of all medical spending and could amount to $ 147 billion in 2008 these are the overall estimates that the authors found (Finkelstein, Trogdon, Cohen & Dietz, 2009). As a result, the article will be useful to support the points that decreasing obesity will decre ase health care costs. Obesity rates have continued to escalate despite all aspects of governmentââ¬â¢s efforts including state, national and local. This is a concern to the American public and also to the health care industry. The medical charges increased by 37 percent from 1998 to estimated 2006 numbers. The rising number of Americans with obesity is influencing the increases in total medical costs. Amplified costs is evidenced by prescription drug benefits from Medicare, that show Medicare overweight recipients spend $600 per year more than non obese Medicare recipients. The authors estimate that the occurrence of obesity being on the rise is to blame for the greater than before health care costs from 1998 to 2006 (Finkelstein, Trogdon, Cohen & Dietz, 2009). These numbers show again that reduction in obesity rates will decrease all medical costs including the $600 Medicare costs. Methods and Study data points are used for research in this article. This article goes over the methods used in the research. The methods used are a four part equation regression approach to predict the total medical spending. This is part of the modifications to allow stratifications to be more detailed , by separate spending from inpatient to outpatient settings, prescription costs of drugs, each service then was able to conclude and predict total spending (Finkelstein, Trogdon, Cohen & Dietz, 2009). The methods include accounting for Body Mass Index (BMI), BMI greater than 30 was used. Regressions for characteristics included control of ethnicity/race, age, income, smoking status, marital status, and insurance variables. Running separate models for each payer. Each type of service calculated from total predicted spending for obese patient had they be calculated to normal weight using bootstrap method. Also using obesity prevalence increase by computing the difference in these from 2006 back to 1998, shows hypothetical obesity costs and attributable to 2006 (Finkelstein, Trogdon, Cohen & Dietz, 2009). All this shows us that decreasing obesisty will decrease the cost of health care. Results of the first exhibit show obese persons had medical increase spending that was 42 percent larger ($1429/per person) then non obese persons. Results of the second exhibit that show costs estimates by payer show Medicaid increase of forty-seven percent, private insurance increased by fifty-eight percent and Medicare costs increased by 36 percent. Exhibit three type of service shows prescription drug increase from sixty percent to eighty-one percent, Inpatient increase from 4 percent to ninety percent and outpatient increase from fourteen percent to forty percent. Exhibit four shows medical spending attributable to cumulative obesity shows increases on all spending , this show that if obesity would have remained the same prevalence from 1998 we would have shown 47 billion spent in 2006 instead of 86 billion. These results imply that the eighty-nine percent of the spending was accounted by the obesity numbers rising (Finkelstein, Trogdon, Cohen & Dietz, 2009). This is a significant amount of money in all the exhibits. The authors provide evidence and statistics that support the argument that obesity increases the cost of health care and that reduction in obesity will in turn decrease the cost of health care. The article provides results and also explains the new evidence of the important role of prescription drug spending, in increasing the costs of obesity. The main message of this article obesity will continue to inflict major expenses on the health system for the upcoming years, without a solid and persistent decline in obesity prevalence. Although pharmaceutical, medical, and surgical interventions to treat obesity are available, these treatments remain rare.. Pharmaceutical is one of the three types of interventions we use to treat obesity. Pharmaceutical treatments are remaining rare in treating obesity. If not for obesity, total obesity costs would be much more reduced, along with the cost for other conditions caused by excess weight in our population (Finkelstein, Trogdon, Cohen & Dietz, 2009). This article discusses it limitations. A limitation of this source is that, though the page has credibility the authors do cite the limitations of this analysis being that the dependence of height and weight being reported is done by individuals. And the regressions of sample from 1998 is only half that of 2006 sample. This approach does not allow for precise diseases or behaviors connected with obese individuals (Finkelstein, Trogdon, Cohen & Dietz, 2009) Workers all over the world are experiencing cost increases to health care because of obesity. Employers estimated costs of health care decrease with decrease in weight (CDC, 2011). Total obesity costs would be much more reduced, along with the cost all chronic diseases and conditions caused by excess weight in our population (Finkelstein, Trogdon, Cohen & Dietz, 2009). The newest FDA approved diet pills benefit us by decreasing obesity for the American population that takes this medication. American obesity has been evidenced by studies that show a measurable weight loss. The new approved diet pills Qysimia and Belviq will decrease chronic diseases associated with obesity as evidenced by decreased chronic illnesses being present in lower weighted Americans (even a few pounds changes many chronic illnesses assosciated with obesity. Decreasing obesity will decrease health care costs as evidenced by costs decreasing by $1429 per person less on non obese patients (Finkelstein, Trogdon, Cohen & Dietz, 2009). Research data given in above essay suggests that the newest FDA approved diet pills will benefit Americans by decreasing obesity, decreasing chronic diseases associated with obesity and decreasing health care costs. The thesis has been proven to be correct, with the above information. Research showed that the newest FDA approved diet pills does benefit Americans by decreasing obesity, decreasing chronic diseases associated with obesity and decreasing health care costs. References Berkrot, B., & Yukhananov, H. (2012). Fda oks first obesity drug in 13 years. Retrieved from http://www.reuters.com/article/2012/06/27/us-arena-obesity-idUSBRE85Q1AA20120627 CDC. (2011, October 06). Cdc. Retrieved from http://www.cdc.gov/leanworks/costcalculator/index.html CDC. (2012, August 13). Cdc. Retrieved from http://www.cdc.gov/obesity/data/adult.html Combs, S. (2011). Retrieved from website: http://www.window.state.tx.us/specialrpt/obesitycost/pdf/GainingCostsLosingTime.pdf FDA. (2012). Retrieved from website: http://www.fda.gov/downloads/ForConsumers/ConsumerUpdates/UCM312391.pdf Finkelstein, E., Trogdon, J., Cohen, J., & Dietz, W. (2009). Annual medical spending attributable to obesity: Payer-and service-specific estimates. Retrieved from http://content.healthaffairs.org/content/28/5/w822.full.pdf html Hammond, R. A. (2012). Obesity, prevention, and healthcare costs. Retrieved from http://www.brookings.edu/research/papers/2012/05/04-health-care-hammond Ogden, C. L., Carroll , M. D., Kit, B. K., & Flegal, K. M. (2012). Retrieved from National Center for Health Statistics for Health S website: http://www.cdc.gov/nchs/data/databriefs/db82.pdf Park, A. (2012, June 28).
Tuesday, January 7, 2020
Application Letter For Electronics And Communications...
I find resonance in the words of Nikola Tesla, ââ¬Å"If you want to find the secrets of the universe, think in terms of energy, frequency and vibrationâ⬠. Change is what defined my childhood. My father is with the Indian Army and we moved to a new city every two years. In India, where language, food and culture change every hundred miles, I completed my education in several schools and under diverse settings. My curiosity to work in situations where nobody knows anything , and build up everything from scratch led me to pursue Engineering. Since automation, digitization and convergence of technology are today central to all streams of engineering, I decided to opt for Electronics and Communications Engineering for under graduation. This stream enabled me to apply my knowledge to build different applications in any field, and the courses served in refining my understanding about the subject making me keenly appreciative of the subtleties in this field. In college, inspired by technology and motivated by social implications, I teamed up with couple of classmates on a project for quadriplegic paralysis patients who are unable to use their limbs and are completely dependent for their mobility. The device was able to detect precise head movement and transmit the signal to the wheelchair circuitry setting it in motion. We extended this system by connecting it to wirelessly interact with a ZigBee receiver that is linked to electrical appliances via 8051 micro controller allowing theShow MoreRelatedI Am A International Competitor1317 Words à |à 6 Pagesam not afraid of failure. I am eager to learn the lessons required to reach the top. I dare say it is a very pleasurable mix. My views on learning are not extraordinary. They are however centred on comprehensive and investigative approaches to engineering problems. 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Monday, December 30, 2019
Types of Competition - 1000 Words
Economic theory usually differentiates across the four major types of market structure: monopoly, oligopoly, monopolistic competition, and perfect competition. Although the list of market structures can be virtually unlimited, these four types are considered to be the basis for understanding the principles of market performance in different market conditions. Each of the four types of market structures possesses its benefits and drawbacks. In any of these markets, an entrepreneur can develop a strategy appropriate for conquering a part of the market niche. Although for many entrepreneurs monopoly seems an excellent choice (no competitors and full control over the product and its price), in reality it is monopolistic competition thatâ⬠¦show more contentâ⬠¦In perfect competition, no barriers to entry or exit exist, and firms are free to move across their markets. Certainly, perfect competition seems a perfect choice for customers, while monopoly will seem like a perfect choice for entrepreneurs ââ¬â no competition, full price control, and full control over the product assortment. However, as an entrepreneur, I would rather choose monopolistic competition. My choice is justified by several reasons. Fist of all, monopoly prevents entrepreneurs from entering the market, while monopolistic competition markets are free for entry, and as an entrepreneur I may enter any market I deem appropriate and effective in terms of maximizing my profits. Second, monopoly does give some control over prices and product assortment, but in the current world, customers always seek to diversify the range of products they use. Monopoly does not leave any chance for differentiation, and as an entrepreneur I will always want to have several different products that will be sold to several different groups of consumers. Finally, it is due to the fact that competition drives innovation and gives me sufficient stimuli for growth that I can make my business grow. As such, in conditi ons of monopolistic competition I may have fewer opportunities for maximizing my profits for the sake of full control over prices and assortment, but I am more confident that my business will grow for the account of better customer satisfactionShow MoreRelatedDifferent Types of Competition1112 Words à |à 4 PagesPure Competition: Pure competition involves number of companies or firms manufacturing similar or identical goods. In such pure competition the firms have no control over the prices. These companies are often termed as Price Takers. The pricing strategy is no in hands of the company it is determined by market forces. 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The types of competition are perfect competition, monopolistic competition, oligopoly, and monopoly. Each types of market structures are a direct reflection of the current economic market state. When a company assesses market structures, the company must conduct proper research on the customers, competition, and costs. Understanding the current nature of the economy is instrumentalRead MoreDifferentiating Between Market Structures: Whole Foods1242 Words à |à 5 Pagesthe different types of market structures. The markets have different characteristics, which determine the strategies applied by the various organizations in the continuum (Etro, 2009). Different types of market structures In the field of microeconomics, the market structure of an organization determines the performance of the organization within the industry. There are different types of market structures practiced today. 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