Government Intervention (Microeconomics) Essay Example | Topics and Well Written Essays - 1250 words

Government Intervention (Microeconomics) - Essay Example Microeconomics, a division of economics deals with the decisions taken by individuals, firms and governments under constraints in order to maximize their goal. The individual or common man’s decision may be controlled by his income which is a constraint. Within his income limit he has to make his buying decisions to increase his happiness. A firm’s decision on its sales and selling price, hiring charges and production costs may be controlled by technology it uses and by the competition prevailing in the market, demand of the product etc. The decision taken should improve the total revenue of the firm. The Government’s decision will be based on the well-being of its people but is controlled by limited technology and resources it possesses. The government might impose tax, laws and quantity of production to protect the people. Thus, we can say that microeconomics, deals with various economic decisions taken by individuals, firms, Government, which affects the deman d and supply of goods and services, prices of commodities, quantity of output etc. Thus Microeconomics â€Å"looks at the smaller picture, and focuses more on basic theories of supply and demand and how individual businesses decide how much of some thing to produce and how much to charge for it† . Demand and Supply can be regarded as the basic principles of economics. Demand can be described as the want of people with the required ability to buy goods and services at a particular price. There prevails a variety of alternative prices for the goods at a particular time. Supply on the other hand is the amount of goods and services bid by sellers for sale at a particular time and at a particular price. The relationship between the demand and supply is the major force which controls the market economy. This force guides the market economy. In a free market or market economy, resources are allocated based on the demand of the product. The supply decisions are made

Discrete and Episodic Violence among Families in Need Literature review

Discrete and Episodic Violence among Families in Need - Literature review Example â€Å"Domestic violence is a common complaint encountered by counseling psychologists and other mental health professionals. Common psychological treatment practices separate perpetrators and victims into individual intervention modalities. However, there is some research that has been emerging that suggests in some cases a couples treatment approach may be a useful adjunct to existing treatments† (Harris, 2008).   Stith et al. provide the framework for their study of domestic violence by writing an introduction which gets the point of the research across cogently.   Smith et al. provide an articulate and literate introduction that gives a good background to the research.An informative introduction is assumedly a way of classifying the introduction, and Stith et al.’s article meets this classification.   It is important for all research study introductions to be informative because they basically can tell one what the whole research is about.   An introduction c an tell the reader in a short amount of time what the basic framework of a study seeks to identify.   An indicative introduction like that used by Stith et al. does not give away the results of the study.   It suggests the research questions and gives everything else an introduction should give in terms of information to the reader, except for the results of the research.   An indicative introduction such as this is more like a set of clues about the research than an explanation that goes into very much detail about the results.   A good introduction should set up and give a good amount of background information about the research, which is something that Stith et al. achieve to great effect.   Their introduction shows the major trends in the areas of domestic violence and group counseling.