Analysis of Market Structures

Analysis of Market Structures Market structures define the different ways companies are structured within the marketplace. The different market structures are based on the characteristics of a market relative to the buyers and sellers and the relationship between them. Competition is another difference between the markets as is the capability of entering and exiting the market. Perfect competition is where many firms sell the same product and they have no control over the price of their product/service. They must charge the market price or buyers will buy a lower priced substitute. There are also many buyers of their product. Since there are many buyers and sellers and there is no control over the market price, there is total freedom of entry and exit in this market structure. While there is no true perfect competition, it gives us a point opposite of a monopoly in which to work from. Perfect competition is summed up with six basic assumptions: 1) large number of sellers/producers; 2) larger number of buyers; 3) homogeneous product; 4) free entry into and free exit out of the market; 5) perfect knowledge; and 6) there is easily moving in and out of the industry for buyers and sellers (Amacher however, they do not have the atmosphere of Biaggi’s and I am willing to pay the price to know that they can prepare my meal according to my specific needs.

Responsible Tourism Essay Example | Topics and Well Written Essays - 5000 words

Responsible Tourism - Essay Example As a result, the situations is several destinations including Africa is characterized by deteriorating infra-structure, political and economic instability, increasing external control and weak backward and forward linkage with other economic sectors. Besides, tourism benefits do not filter down to poor communities (Booyens, 2010). With changes in consumer lifestyle and higher disposable incomes, more people desire to travel and experience pleasure. The World Travel Organization (WTO) predicts that by 2020 international arrivals would exceed 15 million (UNEP, 2005). Growth in tourism would take place across the world but it would be concentrated in the developing countries. In South Africa alone international arrivals are set to grow at an average of 5.5 per year. This can have profound impact on the local economies and the destination because human systems and the environment are strongly coupled and jointly determined systems. For sustainable development the social and the ecological systems cannot be analysed separately (Modvar & Gallopin, 2005). In fact, the perspectives and concerns of the major stakeholders need to be incorporated for an effective decision making. This is because there is a relationship between tourist behavior and their attitude towards the environment (Andereck, 2009). The purpose of this report is to evaluate the concepts of sustainable and responsible tourism, and the similarities and difference between these two concepts. Based on an understanding of responsible tourism, this report presents a responsible tourism strategy for Masai Mara game Reserve. The problems at Mara are identified and then objectives have been set followed by the strategy to achieve the SMART objectives. The concept of sustainability first came into discussions in1987 with the release of the Brundtland Commission’s â€Å"Our Common Future† sponsored by the UN

Southern Society Essay Example | Topics and Well Written Essays - 250 words

Southern Society - Essay Example In addition, they were not allowed to attend school, and those who had access to educational facilities were segregated so that they could not share the same facilities with Whites2. Although there were some free slaves who enjoyed more privileges compared to their completely enslaved counterparts, they were also limited to the fringes of the society. In other words, they were basically regarded as slightly privileged slaves. At the height of slavery, African Americans were considered inferior members of the society who, despite having been denied the most fundamental of rights and liberties, were also denied recognition for any notable achievements3. For example, in spite of the fact that many African American soldiers fought in the American Civil War and made vital contributions to the Southern cause, most of their achievements were concealed from mainstream knowledge until such a time that they could be revealed without much publicity4. Finally, African Americans also suffered brutality and mistreatment at the hands of their