Tuesday, December 31, 2019

Taking a Look at Schizophrenia - 828 Words

Schizophrenia Schizophrenia is a mental disorder that makes it difficult for someone to establish what is real and what is not real. Schizophrenia also makes it hard to think clearly or to establish your emotions. Having this disorder affects how a person acts and sees the world. Over 2.2 million people suffer from this mental illness. There are many symptoms for Schizophrenia. Although there is no cure, proper treatment can control these symptoms. A person with schizophrenia may often see or hear things that do not exist in reality. They will speak differently making it difficult to understand them and they believe that others are trying to harm them. They always have a feeling they are constantly being watched. With this disorder people with schizophrenia may have withdrawals from the outside world. The victims will act like they are confused and have a fear from the outside world. There are many different symptoms that come with schizophrenia. These include delusions, hallucinations, disorganized speech, and disorganized behavior. The signs and symptoms with each vary a lot depending on the person and the way they react to things. Some patients will have more severe symptoms then others and then some will have different patterns of symptoms. Not every patient will have all of the symptoms of schizophrenia but they will have different symptoms over time while having schizophrenia. There are four different types of delusions that are very common while having theShow MoreRelatedTaking a Look at Schizophrenia793 Words   |  3 Pagesâ€Æ' Schizophrenia is a disorder that has an effect on about 25 million people around the world (Myers, 2010). Schizophrenia is a brain damage, naturally created by the human body, that is caused by the genetically determined vulnerability of the blood-brain barrier (Voronov, 2013). This psychiatric disorder, like most others, is characterized by changes in behavior, thinking, reduced ability to feel normal emotions, and mood (Abad et al., 2011). The unique thing about schizophrenia is that the symptomsRead MoreTaking a Look at Schizophrenia650 Words   |  3 Pagesworld’s population has the acute mental disorder of Schizophrenia (World). It is one of the most common mental disorders in the world (World). Schizophrenia is a mental illness characterized by disordered thinking, delusions, hallucinations, emotional disturbance, withdrawing from reality (Gale), and thinking illogical, confused patterns (World). The disease causes impaired thinking, emotions, and behaviors in patien ts (Gale). The word Schizophrenia is a Greek meaning for a â€Å"splitting of the mind†,Read MoreTaking a Look at Schizophrenia997 Words   |  4 Pagesrespectively. However, the more common symptoms of schizophrenia are hallucinations, delusions, and disorganized thought. This paper will discuss the causes, symptoms, and treatments of schizophrenia. Causes of Schizophrenia Schizophrenia can arise from biological and environmental factors. Genetics are thought to play a role in the development of schizophrenia. It is currently unknown which genes are specifically involved in causing schizophrenia, but the it has been observed that the more geneticallyRead MoreTaking a Look at Schizophrenia1249 Words   |  5 PagesA common mistaken belief is that people with schizophrenia have multiple personalities. Many people confuse schizophrenia with split personality or multiple personality disorder (Lilienfeld et al, 2010). The misunderstanding stems from the meaning of the word schizophrenia, as in Greek it means split mind (Boruck, 2008). In 1990, Carlson proposed â€Å"schizophrenia is probably the most misused psychological term in existence† . Vaughan (1977), performed a study which found that 77% of studentsRead MoreTaking a Look at Schizophrenia729 Words   |  3 PagesWhat is schizophrenia? â€Å"Schizo† meaning split, and â€Å"phreniaà ¢â‚¬  meaning mind. Schizophrenia is a disorder of the brain that has affected many individuals throughout history. Usually starting in childhood or early adulthood, it is rare for schizophrenia to start after one has reached adulthood. Before schizophrenia was discovered, those with the disorder were considered to be possessed, therefore causing them to be feared or locked up away from those that did not have the disorder. Schizophrenia is chronicRead MoreTaking a Look at Schizophrenia 1626 Words   |  6 PagesSchizophrenia is one of the most common mental disorders. The World Health Organization (WHO) identifies the disorder as the 7th greatest cause of disability in terms of disability-adjusted life-years worldwide affecting about 24 million people worldwide (Frangou, 2008). Many individuals around the world are affected by this disorder directly and indirectly. This paper looks at Schizophrenia assessing its epidemiology, history, diagnosis, symptoms, causes, and treatment d rawing support from relevantRead MorePersonality Paper1187 Words   |  5 PagesJanuary 14, 2013 Dr. Tracy Masiello Personality Theory Paper John Nash was a very interesting man. Many may just know of him because of the movie, â€Å"A Beautiful Mind†. Taking a look at John Nash and his personality and how psychologists, such as Jung and Freud would see John Nash through their diagnoses. Also taking a look at how different theories would go up against John Nash and his everyday life. The different theories that will be looked at are the Five-factor model and Maslow’s hierarchyRead MoreThe Horrible World of Schzophrenia1245 Words   |  5 PagesSchizophrenia is a horrible brain disorder where people mix up what is real and what is their imagination. People with Schizophrenia hear voices in their head that arent really there. People affected with this disease may be paranoid because they believe people are reading their minds, controlling what they think, or plotting to hurt them. Schizophrenics may not make sense when they talk or seem crazy to people around them. They can sit still for hours without moving a nd you really cant tellRead MoreMental Health And Mental Illness1314 Words   |  6 Pagesthings such as anxiety and shock. Thus, this essay was based on a case study; it will look at the meaning of mental health and mental illness in relation to Schizophrenia. Also, it will look at the causes and the functional difficulties associated with Schizophrenia. Furthermore, it will reflect on the impacts of a diagnosis of mental illness on individual and in general and particularly in relation to Schizophrenia. Finally, it will discuss the type of support and treatment that might be effectiveRead MoreThe Biological And Psychological Explanations Of Schizophrenia1405 Words   |  6 PagesIn this essay I will try to explain schizophrenia and talk about the main biological and psychological explanations, also showing how similar and different they are. Schizophrenia is defined in the oxford dictionary as a long-term mental disorder of a type involving a breakdown in the relation between t hought, emotion, and behaviour, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental

Sunday, December 22, 2019

Physics Project - 5333 Words

PHYSICS PROJECT TO STUDY THE OPTICAL LENS OF A HUMAN EYE Eyes are organs that detect light, and convert it to electro-chemical impulses in neurons. The simplest photoreceptors in conscious vision connect light to movement. In higher organisms the eye is a complex optical system which collects light from the surrounding environment; regulates its intensity through a diaphragm; focuses it through an adjustable assembly of lenses to form an image; converts this image into a set of electrical signals; and transmits these signals to the brain, through complex neural pathways that connect the eye, via the optic nerve, to the visual cortex and other areas of the brain. Eyes with resolving power have come in ten fundamentally different†¦show more content†¦Possessing detailed hyperspectral color vision, the Mantis shrimp has been reported to have the worlds most complex color vision system.[8] Trilobites, which are now extinct, had unique compound eyes. They used clear calcite crystals to form the lenses of their eyes. In this, they diffe r from most other arthropods, which have soft eyes. The number of lenses in such an eye varied, however: some trilobites had only one, and some had thousands of lenses in one eye. In contrast to compound eyes, simple eyes are those that have a single lens. For example, jumping spiders have a large pair of simple eyes with a narrow field of view, supported by an array of other, smaller eyes for peripheral vision. Some insect larvae, like caterpillars, have a different type of simple eye (stemmata) which gives a rough image. Some of the simplest eyes, called ocelli, can be found in animals like some of the snails, which cannot actually see in the normal sense. They do have photosensitive cells, but no lens and no other means of projecting an image onto these cells. They can distinguish between light and dark, but no more. This enables snails to keep out of direct sunlight. In organisms dwelling near deep-sea vents, compound eyes have been secondarily simplified and adapted to spot the infra-red light produced by the hot vents–in this way theShow MoreRelatedInvestigatory Project in Physics3579 Words   |  15 PagesCooking Oil – Made Candle (Focusing on Thermal Physics and Energy) An Investigatory Project in Physics By: Introduction Today, candles are made not only for lighting purposes but for many other uses such as home dà ©cor, novelty collections, as fixtures for big occasions (weddings, baptismal , etc.), and as scented  varieties for aromatherapy. Candles are made from different types of waxes and oils. Cooking oil is a major kitchen item  in Filipino households. It is also used substantially in fast-foodRead MorePhysics Investigatory Project2441 Words   |  10 PagesAcknowledgement We would like to thank Mr. Vincent Sabong, our Physics facilitator, for giving us an opportunity to work on an Investigatory Project that enabled us to enhance our skills in the different fields of Science and in preparation for our incoming endeavors. In line with this, we would also like to thank Mikaela Franchesca Pamatmat’s parents for allowing us to develop our Investigatory Project at their house. And above all, we are most grateful to God, the heavenly FatherRead MorePhysics Project Report1412 Words   |  6 PagesOnce this location is secured, teachers MUST measure the vertical distance from the ground when standing at the top. This number should not be shared with students until they are preparing for Barbie’s final jump. Engage Share the project timeline with students. Project Timeline Day 1 Day 2 Day 3 †¢ Complete multiple trials of an experiment, analyze the data as a single entry. †¢ Interpret the significance of the domain, range, slope, and y-intercept of a linear function in a real world contextRead MorePhysics Of Angular Momentum Project1044 Words   |  5 PagesKathleen Murphy 6/16/17 Walker Physics of Angular Momentum Project Angular Momentum: The Physics of Spinning Although many know the physics of â€Å"spinning†, not many people are aware of how angular momentum explains the physics of rotation. Now it is true that all objects have a momentum, a product of mass and velocity. But similarly, the inertia of rotating objects is called angular momentum. When a direction is given to a rotational speed, we call this rotational velocity, and its vector is rotationalRead MorePhysics-Bridge Project Essay2226 Words   |  9 PagesHumans have tamed steel, stone, lumber, and even living vegetation, all in effort to reach the people, places, and things that we desire. Although the concept of bridges is as simple as a tree falling across a creek, bridge design and construction requires very serious ingenuity. Artists, engineers, and architects pour vast resources into bridge construction so that they can reshape our daily environment for the better. When building bridges you’ll need help from BATS which are the key structuralRead MoreThe Education and Skills Needed to Become a Physicist Essay920 Words   |  4 Pagescuriosity to be devoted to their pathway, which can be obtained as a imaginative child. From there, Dr. Michio Kaku states the physical learning begins. In high school, he thinks the best opportunities lie in physics boo ks and science fair projects. (1) These practices introduce the basis of physics. If needed, an interview with a physicist can help devote the passion to the job. A basic math knowledge is required so Calculus and other math classes will aid the journey. Also, good grades throughout theRead MoreNuclear Physics Research Project : John Dalton Essay1460 Words   |  6 PagesNuclear Physics Research Project John Dalton was an English chemist who came up with his theory of the atom due to his research into gasses. Dalton created his own theory built upon two previous theories that had emerged of the 18th century. Daltons theory focused on five basic theorems that helped him come up with the model of the atom and also into further research. The first theory states that Elements in their purest state, consist of particles called atoms his second theory was that theRead More6.Conclusion . 6.1 Chapter Structure. This Chapter Describes777 Words   |  4 Pages6. Conclusion 6.1 Chapter Structure This chapter describes the PASEDR (Planning- Activity-Support-Evaluation Development-Resources) model, suggested as the LD for physics in higher education. It also outlines limitations of the research and future opportunities for further studies. 6.2 Learning Design for Physics Teaching in Higher Education PASEDR Model: From the summary of the previous chapter, a PASEDR model of Learning Design has been developed (Figure 4). The arrows of the figure show theRead MoreThe View Of The Leaning Process771 Words   |  4 Pagesphysicist and mathematician Isaac Newton, most famous for his law of gravitation, was instrumental in the scientific revolution of the 17th century; Italian scientist and scholar Galileo made pioneering observations that laid the foundation for modern physics and astronomy and ; Albert Einstein was a German-born physicist who developed the general theory of relativity, among other feats. He is considered the most influential physicist of the 20th century. These scientists are the inspiration to my philosophyRead MoreKnowledge, Obedience and the Physical World1269 Words   |  5 Pageshave an impact on humanity. Two areas of knowledge that can show that knowledge that was one accepted can be discarded afterwards, or that it may be replaced by different movements and approaches, are in my opinion Psychology as a human science and Physics as a natural science. Knowledge can be reviewed, and, a different perspective might be acquired where we consider progress, according to which facts may become re-evaluated. In the area of Psychology, many experimental researches have been carried

Saturday, December 14, 2019

The Relationship Between Judged Attraction and Assumed Wealth Free Essays

The Relationship between Judged Attraction and Assumed Wealth A Psychological Study Whether a person is aware of it or not, everywhere they go, they are mentally judging people and creating an opinion about others without necessarily ever even meeting them. These judgments can be based off of simple appearance, or actions, or any other sort of visible aspect of a person. Simply put, humans are judgmental creatures. We will write a custom essay sample on The Relationship Between Judged Attraction and Assumed Wealth or any similar topic only for you Order Now One of the most common aspects of a person’s life that is judged from outside appearance is wealth. Assumedly, if a person dresses well, they must have money to buy such a wardrobe. Though this is certainly not always the case, people generally assume that what is on the outside is reflected on the inside. In this study, people’s visual interpretation of a person and the person’s assumed wealth will be examined. The participants will be shown pictures of random people of various wealth and asked to judge their monetary net worth. The variables being studied through this experiment are conceived attractiveness and monetary success. The goal of this experiment is to find a correlation between the two. Many studies concerning this phenomenon have been performed in the past and many books on the subject of attraction have been written. The relationship between physical attractiveness and monetary worth has been an interest for scientists for many years. As long as there has been social class, people through the ages have been judging other’s wealth by their appearance, whether people have been conscious of it or not. These studies have been important because these two variables (attractiveness and wealth) have also been linked to desire and favorability, two of the most unique and profound of human emotions, as will be discussed in the following In an experiment conducted at Georgia Southern University by researchers Dawson and McIntosh, the relationship between wealth, attractiveness, and desirability was examined (Dawson McIntosh, 2006). Dawson and McIntosh believed that men looked for physical attractiveness in women, whereas women looked for material resources (wealth) in men. Alternatively, the experimenters predicted that if men and women were less advantageous in these physical and monetary traits, they would compensate with other personal traits, such as personality. Participants to be judged for the experiment were randomly chosen from Yahoo Personals. Members of the opposite sex then rated the attractiveness of the participants and generated adjectives that were believed to describe the participant. For the male participants, it turned out that if they were considered less attractive or wealthy by the raters, their profile would emphasize of other positive personal characteristics. On the other hand, for the females, there was a trending phenomenon that if a profile emphasized greatly on the woman’s physical attractiveness, it concentrated little on other personal characteristics. However, there was no relation between how physically attractive the rater found the participant and what other positive characteristics were used to describe the participant. Dawson and McIntosh (2006) believed that their hypothesis was moderately supported. The judgments that people make on a person’s physical attractiveness can influence much more than the assumed size of his or hers wallet. These judgments can influence decisions as important as whom to vote for in government elections. This phenomenon was studied by Hart, Ottati, and Krumdick at the University of Alabama and Loyola University. They hypothesized that the more attractive a candidate was, the more memorable their campaign was (Hart, Ottati, Krumdick, 2011). Hart et. al. (2011), explored this by showing participants photos of potential candidates (all Democrat) along with campaign policies. The photos and information was then removed and the participants were asked to recite all the information that they could remember about each candidate and answer various questions regarding their attitudes and standpoints about the candidate and his or her campaign. The results show that those who were considered novices on the subject matter, being those that were unable to remember the candidates’ specific campaign and policy points, seemed to favor those that they found more physically attractive. Alternatively, those that were considered experts on the campaign material seemed to favor the less attractive of the candidates (Hart et. l, 2011). One might ask, however, what exactly is it of a person physique that lead people the judge them as attractive? While most people look at a person’s overall appearance and make judgments based on that, there are much subtler cues that a person subconsciously picks up on. Each person’s tastes are unique, and different cue s appeal to different people. Author Gordon L. Patzer Ph. D. described some of these cues in his book The Physical Attractiveness Phenomena (1985). Overall Patzer believed that personality was the main contributing factor. While physical first impressions are important, personality is what a person really remembers. A good impressions is key. If a person makes a bad impression of themselves upon meeting someone, their negativity or foolishness will forever live on in he or she’s new acquaintance’s eyes. After personality, however, traits that spark attraction become much more minute and specific. First, Patzer believed that height was a key contributor. Women have a tendency to be attracted to a man taller than herself, though not towering. Men, on the other hand, are attracted to women who are shorter than himself, but not unproportionately so. Even if one does not consciously acknowledge it, they are taking note of everyone’s height that they meet. People also take notice of someone’s facial aspects, such as shape of the jaw, hairline, etc. (Patzer, 1985). Specific combinations of all of these aspects, plus many more, determine how attractive a person finds another. Whereas none of these traits have an scientific relation to personal wealth, they do play a key role on how attractive someone is initially judged as. Whenever a person meets someone new, they subconsciously judge the stranger’s appearance and determine what level of attraction if had towards the stranger, even if there is no intent to pursue romantically. Other assumptions then stem off of this initial judgment of attraction. One of the most common is the attempt to judge a stranger’s wealth by their appearance and personal attraction. Scientists have been exploring the relationship between attractiveness and monetary value for years. The following study attempts to spread more light on the subject. Methods This study was designed to determine the correlation between ‘attractiveness’ and perceived wealth. Variables were defined as how personally attractive the surveyors found the estranged participants pictured versus how monetarily wealthy the stranger was based on the surveyors’ attraction. The data was collected using a Likert Scale to represent attractiveness and a scale with different levels of wealth. The results from the experiment allowed for the ratings of ‘perceived wealth’ to be compared to the rating of ‘attractiveness’ and discover if a correlation did in fact exist between the two. Based on the results of the previous study, â€Å"Attributions of physical attractiveness† (Johnson, MacEachern, 1985) ‘attractiveness’ should influence the perception of desirable traits, such as wealth. This may result for a multitude of reasons to be discussed in the future. Participants The participants sampled were the 10 females and 10 males pictured in the slide show. The participants varied all ages, ethnicities, and states of wealth in an attempt to make the sample’s characteristics representative of the public and mildly random. All participants were retrieved off of Google with some strategy to make sure that characteristics were varied in an attempt to be representative, making it a stratified sample. Also participating were the surveyors who rated the sample of participants. The surveyors consisted of a cluster sample of the Flagler College PSY 253 class. The sample totaled 17: 12 females and 5 males. Considering that the sample consisted of college students, assumedly between the ages of 19 and 22, the surveyors were not necessarily representative of the public but rather of college students in general. The participating surveyors received no compensation other than class participation and attendance points, which were awarded simply for showing up to the class. Materials For the experiment, a Powerpoint was used with 20 photos of participants, strangers to the surveyors, obtained off of Google: 10 pictures of females and 10 pictures of males, one per slide. Materials also included a paper survey handout on which the participants would record their responses. The survey consisted of two scales, one Likert scale rating attractiveness and one rating wealth. The Likert scale ran from 1-10 with one with the least attractive and ten the most and the scale for wealth ran from Poor($0-1000)-Average($1000-999,999)-Millionaire-Billionaire (See Appendix A). The participants provided their own writing utensils (pens and pencils). Procedure All participating surveyors were given a single handout survey (See Appendix A) by the administrators and then instructed to record their gender on the handout. Each surveyors’ gender determined whether they would be in Group A (Females) or Group B (Males). Both groups were instructed that they would be shown a slide show consisting of pictures of different individuals of the opposite sex and asked to record their opinions on attractiveness and wealth on the paper survey provided for each picture shown. Each picture was shown for approximately ten seconds and a totally of ten pictures were shown for each group. Group A was administered the survey first. The surveys were then collected by the administrators and a slideshow with ten different pictures was shown to Group B and the participants were asked to fill out the same survey as the prior group. The surveys were then collected by the administrators, concluding the experiment. Results Data was collected using a between subjects design. This experiment examined the correlation between how a person perceives attractiveness and how wealthy the person is then assumed to be. The experiment had two variables: Variable 1, perceived attractiveness, and Variable 2, assumed wealth. Participants were administered a survey listing the two variables, Variable 1 was measured on a Likert Scale of 1-10, when Variable 2 was measured on a scale of 1 (Poor, $0=1,000), 2 (Average, $1,000-$999,999), 3 (Millionaire), and 4 (Billionaire). The mean value for Variable 1 was M=4. 12 with a standard deviation of SD=1. 13314 and the mean value for Variable 2 was M=2. 36 with a standard deviation of SD=. 33066 (refer to Table 1). The median for Variable 2 was 3 and the mode is 2. The median and the mode for Variable 2 were both 2. The Pearson Correlation for the experiment was r=. 05 and the significance for each variable was p=. 891. This made the study’s finding significant and that there is a strong correlation between our variables. Discussion At the beginning of the experiment, it was hypothesized that there would be a positive correlation between how physically attractive someone was conceived as by a stranger and how wealthy they were assumed to be, judged on their rated attractiveness. At the end of the experiment, the results support this hypothesis. The significance of the variables was p=. 891, demonstrating that there is a high correlation between how attractive someone perceives a stranger and how wealthy the stranger is assumed to be, confirming the hypothesis. The positive correlation of the results suggests that the more attractive a person finds a stranger, the more monetary value the stranger is assumed to have. The Pearson Correlation was r=. 05 which proves that these results were reliable. The fact that r=. 05 means that the results were very specific, with few outliers, and can be condensed to a confined ranged of results, which all fit in together to support the hypothesis. Also, the low standard deviations of SD=1. 12212 and SD=. 33066 show how little overall variation there is to the variable means among participants. The results of this study can be interestingly related to the results of other studies previously performed, while the studies themselves may not mirror each other. As discovered by Dawson and McIntosh (2006), men and women on dating websites, if considered less attractive, emphasis more of their personal traits (Dawson McIntosh, 2006). Though it was not a component of the study being examined, some participants in the photos, when less attractive, dressed better, in fancier clothing, while those who were deemed more attractive tended to wear less flashy clothes. Perhaps if a person does not consider themselves to be physically appealing, they will try to look nice in other ways in public, such as clothing. Previously discussed, an experiment by Hart, Ottati, and Krumdick (2011) revealed that voters are more likely influenced by and likely to remember candidates that are perceived as more physically attractive and tend to think higher said attractive candidates (Hart et. al, 2011). This could have a relation to the current experiment in the respects that the survey takers may have had higher expectations of the participants’ monetary value if considered more attractive. This could be because people have a tendency to hold high hopes and expectations for those they find desirable. The experiment at hand has no relation, however, to the third theory Previously discussed by Patzer (1985). Patzer (1985) believed that there is a combination of specific attributes that causes a person to be attracted to another person. A specific feature that Patzer discussed was height, being that females prefer taller men and males vice versa (Patzer, 1985). However, there was no way for the surveyors to judge the participant’s height to their own through the pictures shown during the survey. For this experiment at least, height had nothing to do with personal attraction or attraction’s relation to wealth. There were very few flaws to this experiment that would have altered the results. The only obvious flaw was the issue of sexual orientation. For surveying ease, the experimenters divided the groups into male and female, rather than by sexual orientation because while attracted to males and attracted to females are two clear groups, there may have been bisexuals in the population and they would not have been able to take the survey twice. So though some surveyors may have felt that they were in the wrong group and it may have had an effect on the results, it effects were nothing detrimental. If repeated in the future, perhaps the experiment would involve surveys more catering to sexual orientation rather than being limited to division of gender. On the other hand, while there may have been a flaw, there was no experimenter bias because each participants’ correct wealth was never hinted at until the end. Also, it was impossible for the surveyors to develop practice effects because the survey involved no technique or talent. Also, there was no difficulty level so there was no floor or ceiling effects. In conclusion, the original hypothesis was supported. There was a positive correlation between perceived attractiveness and assumed monetary wealth, this meaning the more attractive a person found a stranger, the person then tended to assume the stranger proportionately more wealthy. There may be more triggers behind this phenomenon but judging by the survey results, the correlation was at least fueled by the attractiveness variable. References Dawson, B. L. , McIntosh, W. D. (2006). Sexual strategies theory and internet personal advertisements. CyberPsychology Behavior, 9 (5). Retrieved from http://research. flagler. du:9005/ehost/detail? vid=11hid=110sid=29028bce-cb55-42c1-b1e2-571b81dcc38f%40sessionmgr110bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=aphAN=22677445 Hart, W. , Ottati, V. C. , Krumdick, N. D. (2011). Physical attractiveness and candidate evaluation: a model of correction. Political Physology, 32 (2). Retrieved from http://research. flagler. edu:9005/ehost/detail? vid=5hid=110sid=29028bce-cb55-42c1-b1e2-571b81dcc38f%40sessionm gr110bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=aphAN=58702305 Patzer, G. L. (1985). The physical attractiveness phenomena. Los Angeles, CA: Plenum Press How to cite The Relationship Between Judged Attraction and Assumed Wealth, Essay examples

Friday, December 6, 2019

Market Structure in Context of Australia

Question: Discuss about the Market Structure in Context of Australia. Answer: Introduction The market structure is based on the number of buyers and sellers exchanging goods and service. The market structure can be classified into four types, such as, perfectly competitive; monopoly; oligopoly and monopolistically competitive. In the perfectly competitive market there are numerous sellers and buyers, exchanging identical products. The price is determined where demand and supply equalised automatically through invisible hand. Therefore, the participants of this market are price takers.Since the price and quantity is solely decided by the market itself, this market is said to be most efficient one. However, this kind of efficient market does not exist in the real world and most of the firms are engaged in monopolistic competition. In this market, the producers differentiated their products from each other. They can also set price, however, the control over price is moderate. The another kind of market structure is the oligopoly market structure, where there are few number of sellers who decides price by colluding with each other. This paper will discuss the different market structures in the Australian market. It will discuss about the firms that enjoys the monopoly in this country. It will also talk about businesses and industries that operates in the monopolistically competitive market. The paper will also discuss about the oligopoly market in this nation. [1] Market Structures in Context of Australia Monopoly Market In Australia, the postal service industry is dominated by the Australia Post. This company is operated by the government of Australia and other companies are restricted to enter this market. This company has the largest network over every single corner of this nation. It is the monopoly firm that provides certain mailing services. Apart from this company there are many companies that operates in the same industry like, FedEx; DHL etc. However, in spite of many companies in the same business, Australia Post has successfully maintained its monopoly by charging very low price for its services. With the help of government support the company did not focus on the profit generation. Australia Post can discriminate its price, and charge low price for bulk delivery. The private firms charge very high charges for delivering in the extremely rural region of this country. In contrast, the Australia Post offers this service at minimum possible price. The price may differ due to the distance betw een the sender and the receiver, but do not vary because of the location where it has to be posted. However, due to decline in the traditional method of communicating through letters, the company has been facing challenges over decades. It has developed its parcel plan that are used in online delivery services. This ensures a growing demand for the parcel and high revenue collected by the firm. The regulation of this organization has restricted other private postal companies to drop their parcels in the Post box of Australia Post[2]. Therefore, the regulation has helped the company to maintain monopoly in some of its services. However, this monopoly firm must focus on attaining more efficiency and pursuing digital marketing strategy. [3] Oligopoly Market In Australia the supermarkets operate in the oligopoly market structure. There are few supermarket chain like Woolworths; Cole; Aldi; Costco; IGA; Food Works and SPAR. However, Coles and Woolworths are two giant supermarket chain that occupy 70% -80% market share in this country, therefore, they together form duopoly in the supermarket chain. The rest of the share is captured by IGA; Aldi as a boutique niche and other operators[4]. The Australia is considered as oligopoly community, as many industry operates under oligopoly market structure. The two giant supermarkets are the major players of this industry and practice a certain degree of competition in price setting. However, the price war in the oligopoly set up is not profitable and have detrimental impact on the firm. This is because; the oligopoly firm forms cartel to decide its price and quantity. The cartel might soar the price of the products at retails stores. If one firm cheats, and supply more products then the price might decline. The fall in price will attract more customers to the stores of that company; and it will capture higher market share[5]. The other firm can also cut prices to give tough competition. However, too low price may lead to fall in revenue of both companies. Therefore, instead of engaging in the price war, it is beneficial for the firms of oligopoly market to increase its sales at given price, through promotion and brand differentiation, in order to capture the maximum share of the market. Monopolistically Competitive Market There are many industries in Australia that has the characteristics of a monopolistically competitive market. The clothing and apparel industry operates in the monopolistically competitive market. There are many clothing brands in Australia who are engaged in huge competition in this industry. The features of this industry is that, clothing and textile industry produces almost identical products. However, they differentiate in terms of quality of the fabric; design of the clothes etc. Therefore, different clothing brand charges different price for its own product. Due to variation in the types of fabric; better quality; different designs of the apparel, the consumers perceive the products to be different. Some clothing firms hire qualified and reputed designers for designing apparels, this places the company in the niche market charging high price[6]. Therefore, product differentiation enables the companies of the clothing industry to set price by their own, hence, enjoying monopoly power. There is less barrier to enter the market, as it requires huge spending to make fabrics; stitching them or to design apparels. It takes lot of effort to establish brand name. Moreover, some international brands have entered into the clothing industry of Australia, that has increased the competition to the local retailers of cloths and apparels[7]. Conclusion In Australia, all the market structures are prominent. In the postal and mailing service, Australia Post enjoys monopoly. The supermarket chains operate in the oligopoly industry with two giant supermarkets Woolworths and Coles. The Clothing industry of this nation operates in a monopolistically competitive market. The paper has analysed the features of each industry in context of Australia. References ABC News. (2014). Post offices are the lifeblood of rural Australia. 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