Wednesday, May 6, 2020
Christianity And Its Impact On The World And The United...
In the last few hundred years there have been three new views on Christianity to take root in society and impact the world and they were; Neo-Orthodox, Evangelism and Liberalism. These three had quite the impact of the faith throughout Europe and the United States. The three had varying ideals, but it some case overlapped. However, Neo-Orthodoxy seems to be the most effective when communicating with Scripture. Liberalism will be the first to be covered in this paper, as well as the most radical in some aspects. Liberals took a new approach to what they viewed has an out of date religion, and changed the authority of the Bible and considered other sources of authority to help adapt Christianity into the new modern thinking of their time. ââ¬Å"Reason, culture, experiences and science would all be employed in challenge to the classical authority of revelation.â⬠(Bingham) The father of the Liberalist movement was the German theologian Friedrich Schleiermacher. Schleiermache r made an effort to separate religion from theology. To him religion wasnââ¬â¢t just beliefs or ethics, but was based in knowledge and action, theology is then the reflection of said actions. Religion ending up being nothing more than just feelings and experiences and each personââ¬â¢s own experiences turn into their revelations. This also made the teachings of the Scriptures important. His view on Jesus was that he was just a good teacher thatââ¬â¢s job was to awaken people to God so they can work through them,Show MoreRelatedRomes Contribution to Todays Society Essay934 Words à |à 4 Pagessingle most important contribution to modern society was Romes adoption of Christianity. Christianity, having its foundational roots in Judaism, was born in the midst of the Roman era. It has shaped todays society on many different levels with varying degrees of legal, political and sociological implications. 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The Edict of Milan was a declaration that permanently established religious tolerance for Christianity within the Roman Empire. The outcome of the political agreement concluded, of course, in Milan, between emperors of Constantine I and Licinius, in February 313. The declaration, was made for the East by Licinius, granting all people the freedom of any religionRead MoreIslamââ¬â¢S Nationalism, Ethnicity, And Religion . Since The1469 Words à |à 6 Pagescompared to most. Christianity is one of the biggest and most known religions in modern day. However, if we compare the two we can see that they are different, but similar in many aspects and backgrounds. Comparing the two will entail a better understanding on the i mportance, impact, and approaches that one can pursue to better define Islam and Christianityââ¬â¢s impact in modern day. First, understanding the background and core of Islam is vital to better understating its development and impact. Islam wasRead MoreAnalysis Of Peter Berger s The Desecularization Of The World Resurgent Religion1401 Words à |à 6 PagesPeter Berger in The Desecularization of the World Resurgent Religion argues against modernization theory which states as the world modernizes religiosity decreases. Berger contends in the face of empirical evidence secularization theory is untenable. Berger argues it is irresponsible to label the world as secular in the midst of empirical evidence. Evidence is presented that suggests the world is no less religious than other times in history with notable exceptions primarily in European regionsRead MoreHmong Culture : Influences On A European American Society1488 Words à |à 6 PagesDevelopment finds that the Hmong primarily lived in Laos, Vietnam, and Thailand. They had a great impact in helping western forces during the Vietnam War, and wars in Laos in efforts to end Communism. The article continues and describes how many tried to escape from Laos; those th at survived settled in refugee camps that had terrible living conditions. (Tatman, 2004). Although the Hmong are diffused around the world, their distinct cultural traditions and customs create a strong cultural identity. After discussingRead MoreBenefits Of The Spanish Colonization1409 Words à |à 6 Pagesbenefits, benefit The United States today. So let this journey began. Throughout Americaââ¬â¢s history there has been many colonizers, explorers, and settlers that came to this part of the world. Spanish in particular began settling in this section of the world, thousands of years ago though it wasn t the United States, but it was one of the Americas. Spain however didn t start thinking like this or exploring and discovering new places like other civilizations across the world because of how much disunity
I Chatting on Internet Good free essay sample
The development of technology makes human life become much better. With the help of all kinds of technology, people can do everything in a quicker and easier way. One of the typical kinds of technology that is extremely useful to people is chatting on Internet. Due to the advantages that this technology can bring us, we are now under the influences of it. Therefore, chatting now becomes more and more popular to all kinds of people. Despite all good things that it can bring us, this technology also affects on us in some bad way, which we really do not want to have. This kind of technology has helped us a lot in communication.It is some kind of tools for us to keep in touch with our friends or someone we know, especially those who are far away from us. There are many ways to contact with those people, such as telephoning them, sending them an e-mail, writing them a letterâ⬠¦, but chatting with them on internet is much easier and cheaper. We will write a custom essay sample on I Chatting on Internet Good? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page You donââ¬â¢t have to spend too much money paying for the telephone bill every month because Internet costs us less, just the fee to log in and connect to the world. Besides, we and the ones we are chatting with can have a two-way conversation and express our feelings through the given icons thanks to it.Moreover, we can share our photos, videos even documents. Because of those advantages that kind of technology could give us, we are now more and more being involved in it, and the more involved we get, the more popular chatting becomes, and vice versa. Chatting on internet really gives us what we want; however, it also brings us some bad effects that we may not expect. For example, chatting now becomes drug to some people. They spend too much time on chatting and not enough on their work, their study. Chatting becomes the biggest distraction and it totally gets them away from their real life.Besides, chatting for hours is a waste of time and money, especially for students. Sometimes, there are some strange accounts which want to add you as a friend, but it is actually a kind of viruses which is harmful to your computers. To summarize, itââ¬â¢s true to say that chatting on internet is a great technology, because it helps us to do a lot things in a convenient way, and thatââ¬â¢s the reason why we are actually involved in it. However, we have to notice some bad effects that it can bring us, and try to keep away from them.
Monday, April 20, 2020
Keurig Company
Introduction Keurig Inc. is a company that has ventured into the coffee business providing its clients with solutions to quick and effective coffee brewing. Since its inception in 1992, it has established itself with excellence, as its name suggests (Cravens Piercy, 2009).Advertising We will write a custom case study sample on Keurig Company specifically for you for only $16.05 $11/page Learn More The company had succeeded in introducing the single-cup brewing system in to the offices and was seeking to expand its customer base to include the at-home segment. However, Keurig needed to employ proper marketing strategies in order to have advantage over the several single-cup competitors in the market. Therefore, the management team re-evaluated the strategies of their product plan and decided to revisit their decisions on the price and marketing strategies. This paper will discuss the appropriateness of the distribution and channel strategies employed by Keurig and also consider the validity of the pricing strategies. It will also look into the types of promotions used for the consumer sales and its appropriateness in todayââ¬â¢s market. Distribution and channel strategies Distribution is one of the key elements in the marketing strategy. It helps the firm to expand its reach and to become more profitable. This is basically the process by which a firm makes its products or services available for use by the target market. The channel design used is critical for the particular company. Keurig employed the level one channel since it has a single intermediary ââ¬â the distributors. For this purpose, Keurig employed several distributors to distribute the coffee brewers throughout the United States. With its several distributors, placement of its equipment was made fast and effective and all the maintenance services required were provided. This distribution and channel system ensured that coffee brewers were provided in offices whe re managers were seeking to eliminate the unnecessary hustles and inconveniences at the workplace in order to improve productivity and employee satisfaction. The distributors also managed the feedback from clients in order to create proper customer relationships and ensure customer satisfaction. The Keurig authorized distributors (KADs) worked together with Keurig, under the supervision of the vice president of sales. These marketing channels helped to bridge the gap between the producer (Keurig) and its consumers. This way, they brought the right products to the right consumers.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The distribution and channel strategies employed by the company ensured effectiveness and efficiency. This marketing strategy is still used today because there is value created by intermediaries. It is created through the reduction of the number of sales contacts required to reach the clients. The main functions of the KADs included the transactional functions, logistical functions and facilitating functions. All these functions are necessary in any vertical marketing system. The KADs performed all their functions well. This includes the distribution and maintenance of the coffee brewers. They also ensured that the feedback on problems was well handled in order to maintain proper customer relations. Pricing strategies for consumer sales Firms usually employ diverse pricing strategies when marketing their goods and products. At times, companies are forced to alter their prices depending on the demand and the presence of competition (Hooley, Piercy, Nicoulau, 2008). In order to select a proper pricing strategy, every business should understand the current market situation. Market research is also an efficient tool when it comes to determining what the clients are willing to pay (Bradley, 2007). One of Keurigââ¬â¢s challenges was the deter mination of the proper pricing strategy for their new product. Therefore, they conducted a market research in order to determine the peopleââ¬â¢s view on the new product and its price. The types of studies included the intercept surveys, the use of focus groups, an internet-based study and a survey of the current client base. The study area included three cities. All the participants had to consume at least a cup a day. From the study, the results showed that almost all the participants were satisfied with the coffee. Most of them also showed interest in the product concept. The main advantages pointed out by the participants were the convenience and efficiency of the brewing process. The brewer was also easy to use and it required minimal time to clean up. In order to gain insight on the pricing of the commodity, the management team reviewed previous market research that had been done. In addition to this, they wanted to determine the views of the participants concerning the pri ce of the products.Advertising We will write a custom case study sample on Keurig Company specifically for you for only $16.05 $11/page Learn More Since the participants were satisfied with the commodity, they expressed their desires concerning the price. Most of them were willing to pay $0.55 for a cup of that coffee. Their response on the price of the coffee maker was also positive. For a price range of between $69 and $149, they were willing to pay over $130 for the coffee maker (Cravens Piercy, 2009). Another pricing strategy that Keurig used was the use of discount pricing. This was particularly when it came to the sale of their coffee makers in the offices. The coffee makers were given either without any charge or at a low monthly rental. This discounted pricing strategy was necessary for promoting its product and attracting new customers. Promotions for consumers Promotion is another element in the marketing strategy. This involves activities th at include the sale, advertisement, direct marketing and publicising of the companyââ¬â¢s products and services. One of the promotion (marketing) strategies employed by Keurig was providing the coffee brewers to offices free of charge. This strategy was appropriate and is still appropriate today because it one of the best ways to get peopleââ¬â¢s attention. This is what is referred to as the free-prize-inside effect. Giving commodities free of charge does not devalue the product but only raises its visibility. This form of marketing seeks to take the word out about a new product. Keurig employed this strategy and in exchange, they made coffee sales. According to the marketing research conducted, the studies showed that the companyââ¬â¢s product was a demonstrations-driven product. This meant that the company needed to put in place proper strategies of demonstrating the system to its customers. In order to advertise its products, Keurig launched point-of-sale advertising. Th ese were developed and displayed on the brewers. The company, with the help of a majority of the Keurig authorized distributors, participated in the joint marketing program to ensure the sale of brewers that had advertising. Another promotional strategy employed by the company was the use of the internet to conduct an internet direct marketing campaign. The main objective of this campaign was to create awareness of Keurigââ¬â¢s products and services.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Through this campaign, Keurig received several emails from current clients inquiring of the availability of the companyââ¬â¢s products for home use. Therefore, the internet provided a proper avenue for advertising. Keurig also used a public relations campaign together with other marketing exercises to reach its clients. One of the key objectives of promotion in marketing is to differentiate a product. Keurig was seeking to differentiate its product ââ¬â which was the away-from-home business that focused on distributing its products to offices. It wanted to introduce this product to include home usage. This led to the introduction of the Keurig-Cup for the home market. This was also driven by the demand by the ever-increasing client base. The new product (Keurig-Cup) was to be distinguished by colour and design. They were tan in colour and had a distinct base area. Sale of the Keurig-Cups was both direct and indirect. The KADs made direct sales to the target market. The roaste rs, on the other hand, made sales in both direct and indirect markets. This included making sales over the internet. Conclusion Keurig Inc. is a company that has specialised in the distribution of coffee products and coffee makers. It has succeeded in providing an away-from-home solution to coffee making and has provided a number of offices with the coffee makers that have made brewing easier. This efficiency may be seen in the speed at which the machine makes coffee. In addition to this, the coffee makers require minimal cleaning. The company was seeking to also venture into the at-home consumer market and this was to be done by introducing the Keurig-Cup that would be used in the homes. Keurig used a network of distributors for their distribution strategy. This included the use of Keurig authorized distributors. These distributors ensured that they performed the transactional, logistical and facilitating functions. For the pricing strategy, the company performed a market research in order to determine what the customers were willing to pay. Keurig also promoted its new product effectively in order to capture the attention of the potential clients. References Bradley, N. (2007). Marketing research: Tools and techniques. Oxford: Oxford University Press. Cravens, D. W., Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill. Hooley, G., Piercy, N. F., Nicoulau, B. (2008). Marketing strategy and competitive positioning (4th ed.). Upper Saddle River, NJ: Pearson. This case study on Keurig Company was written and submitted by user Damari Herman to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Sunday, March 15, 2020
War On Drugs Essays - Drug Culture, Drug Control Law, Euphoriants
War On Drugs Essays - Drug Culture, Drug Control Law, Euphoriants War On Drugs War On Drugs This is supposed to be a free country. I don't see that it would harm you or anybody else if someone smokes a few joints a week in moderation. What is the harm done to you? Is this enough to take fathers and mothers away from children? I know I'm not the sharpest knife in the draw but to say that drug users might abuse the stuff and cause problems for their family or neighbors is not very far from saying that because you have a knife in your kitchen draw that you might choose to use it to cause trouble for you family or neighbors. Please tell me, by what reason should marijuana be illegal and please speak from first hand experience if you can. Isn't twenty years of doing the same thing long enough? Isn't it time to step back, gather accurate information and objectively consider alternatives? Wasn't there an objective once? Distinguish between soft and hard drugs like Holland did and reduce actual drug crime by 75%, actual crime, not just prohibition violations. Treat addiction as a health problem, instead of a crime-just like alcohol is treated-and you reduce HIV infection and decrease the costs to society. I am a very opened minded person and have listened to a lot of opinions and read a lot of articles on this subject. It seems that anything we find that stimulates us or alters our state of mind in some way is a stamped as a drug. How can we take something like cocaine, which is so addictive some people have to go to a hospital to get off it and many people have died from overdoses, and put it in the same catagorize as marijuana, a part of a plant which nobody has ever overdosed from. From my perspective, the government has no reason to make marijuana illegal, except that it acts as a stitch. I will get to that in a minute. If it were legal, I really doubt we would have as much drug dealing and drug deal related deaths and crimes. It could be treated like alcohol, same rules, maybe more, but we could have an age limit and everything. (Its (marijuana) defiantly much safer than alcohol I don't know anybody in the right mind who could argue with that. Alcohol is one of the biggest killers in the world, who do you ever here on the news dying of marijuana use? Sure it may cause long cancer, but you can eat it too. Sure somebody might be too high to drive but make rules against it. Its too bad we couldn't replace alcohol with marijuana. I would much rather see people in my family as well as my parents smoke pot than drink alcohol. I could go on and on with this forever. You probably are getting the impression that I am a pot head but believe me I am not. This subject just irritates me how we can serve alcohol which makes people violent and go home and beat their wives in front of their kids but the government can't sell a part of a plant that makes people at ease. I feel I'm getting off subject so I'm gonna get back to my point. But, if it were legal, a lot of marijuana dealers who base most or all of their business on marijuana would turn to other drugs such as crack to base their business upon. That is what I mean by the stitch. Because we all know how crack changed the inner cities of America. Crack definitely increase the number of street gangs, deaths, and crimes of all kinds in this country and we all know crack is made from cocaine. So what I am saying, is that instead of trying to shoot at all drugs at once, only go after cocaine. Forget marijuana, make it legal, the government sure made a profit from cigarettes and alcohol. Make a profit from marijuana. Use the profits to fight the war on cocaine and heroin. Because you know when the cocaine supply is weakening, so is the crack. Most of the crack sold on our streets is made inside our country by
Friday, February 28, 2020
Coney Island Essay Example | Topics and Well Written Essays - 750 words
Coney Island - Essay Example At the turning of the twentieth century, this culture was still in the first stage of formation and not fully incorporated within the societyââ¬â¢s life (Kasson, 1978). Its fullest expression at this time lay in the main realm of commercial based amusements, which created essential symbols of the new cultural based order and helped to knit a complex cohesive audience. At the turn of the century, Coney Island was leading in establishment of symbols and their relationship to the new audiences. Some of the changes witnessed were governing of the Nineteenth-century America with some striking set of values and cultural aspects such as Victorian" compared to England Queen Victoria reigned. Interestingly, the urban-industrial society was facilitated with the genteel reformers who were eager to make a step in cultural leadership by disciplining, refining, and instructing the turbulent urban-industrial democracy within the people. The American apostles of culture put a lot of effort to ensure that they inculcate Victorian virtues of "character" such as self-control, moral integrity, industriousness, earnestness and soberness among the citizens. The American apostles believed that changing the culture of the urban-industrial society would help the men in passion to grow economically use leisure and work time efficiently. This was what the urban-based society required in order to grow economically, socially and culturally. Moreover, genteel culture occupying a position given that genteel reformers founded libraries, symphonies museums and other great institutions that help to set a cultural change that dominated public based discussion (Kasson, 1978). Of the critical importance to their success as cultural based arbiters was the ability to create a support of influential shapers of the great mass culture, who echoed their development tone and carried the message to audience. As a result, a series of technological based innovations were disseminated which
Tuesday, February 11, 2020
Consequences of Migration in the UK Labor Market Term Paper
Consequences of Migration in the UK Labor Market - Term Paper Example It has been determined that people have the tendency of shifting in other places, where growth or economic development can be seen. Due to a lack of work opportunity or unemployment people have over the years preferred to move in developed cities or places for working opportunity. In this regard, it has been also observed that in developed countries such as the United Kingdom (UK) and the United State of America (USA) the effect of migration can be viewed highly in labor market. It can be evidently asserted that in the modern era, it will be very difficult to identify such examples, where people rather preferred to be born, live and die under the same roof significantly.In this concerned discussion, the main aim is to highlight how migration has led to changes in the labor market of the United Kingdom. In addition, the study with a focus on reviewing pertinent literature will also emphasize how migration can affect human resource management (HRM) in an international setting.à à à In accordance with Bauer & Zimmermann (1999), unemployed workersââ¬â¢ from central and Eastern Europe (within the EU) have moved towards the UK for job opportunities. According to a report, it has been observed that the wages of the UK labor market have been higher than that of central Europe and EU labor market indeed (Bauer & Zimmermann, 1999). Over the years, it has been observed that the pressure of migration has increased significantly. At the same time, it has been also determined that the migration has not only happened in central Europe and EU but also it has been seen in different territories such as America, Africa, and Asian countries. The impact of high-level immigrants has been also seen in the political environment and economy of the United Kingdom. Due to the high amount of immigrants the UK market has been affected in a number of ways. Consequently, the labor market has become more congested and as an effect, the wages of labors have been reduced specifically. Sim ultaneously, the availability of migrant labors has led towards unemployment issues in the United Kingdom.
Friday, January 31, 2020
Economic Impacts Essay Example for Free
Economic Impacts Essay The Attack on the World Trade Centre in Manhattan had happened on September 11, 2001. The attack had led to the destruction of numerous buildings and lost of lives. This had greatly affected not only the citizens of the United States. The incident had also affected the economy of the country. According to the report of Mr. George Kahn (2001) , the vice-presidentà and economist of Federal Reserve Bank of Kansas, US economic growth had already slowed dramatically. Based on the experiences in the year 1996 to 1999, a growth in the GDP has been experienced. It is only logical to think that GDP will continue to rise in the next few years. However, Real GDP has slowed to a 2.8% rate of growth last year. Unemployment had moved down from 3.9% in th year 2000 to 4.9% in August. The slowdown in the economy had led to unexpected increase in energy prices and re-evaluation of the prospects for corporate earnings. Prices in the stock market have been affected, and consumer spending began to slow down. In early September, prices on energy began to stabilize and consumer spending had hold-up. Although manufacturing activity continued to decline but in a slower rate as compared to what happened in the early part of the year. However, this has all changed after the attack in September 11. 2001. Looney (2002) has used categories to differentiate the different economic impacts of the attack in the United States. His categories were based on two types. First is the nature of the impact and second is the length of time the economy has affected the country. In this paper, the author would use the length of time the impact has on the economy. These effects would be divided into three parts: The short-term impact, the medium-term impact and the long-term impact. Short-term impacts of the economy can be further categorized into two. These are the immediate short-term direct impact and the immediate short-term indirect impact. Looney (2002) had enumerated several short-term impacts after the September 11, 2001 attack. For the immediate short-term direct impact, it was stated that Lower Manhattan of New York had lost an approximate of 30% of its office space because of the attack. Reports stated that an estimate of 200,000 were destroyed or relocated out of New York City. Estimated cost of destruction of physical assets in businesses amounts to $ 14Billion for private business, $ 1.7Billion for the local and state assets and $ 0.8Billion for federal enterprises. Rescue, cleanup operations and other cost related to these two is approximately $11 Billion. Total direct costs as computed by Looney (2002) in the article, is estimated to be at around $27.2 Billion. However, Mr. Alan Hevesi, had considered other factors that was not included in the article of Robert Looney. Hevesi (2001) considered the lost of human capital which is estimated to be at $11 billion. These are the lives of the workers who had been killed during the attack. This figure is based on the expected earnings during the personââ¬â ¢s remaining work life. Indirect short term impacts of the attack are the following: Consensus forecast for the GDP growth of the US economy is lowered by 0.5 percentage points in the year 2001 and 1.2 percentage points in the year 2002. Implied projected cumulative lost from the attack up to the year 2003 is estimated to be half a trillion dollars. Private sector investments went down the same with their inventory levels. The attack had shown the government that an additional investment is needed for the security of the country. It is estimated that an increase of 9.25% in defense spending was used by the government. Firms such as security and information technology had increase in demand. Federal Reserve had lowered the price of credit and and temporarily liquidated their assets to safeguard the integrity of the financial system and save businesses from bankruptcy. Aside from the impacts stated above by Looney (2002), Hevesi included factors such as disabilities and trauma to be at $3Billion, business interruption, training and liability losses to be at $21 Billion, Net Lost Rents of $ 1.05 Billion from both the damaged and destroyed buildings and Lost wages which amounts to $9.6 Billion In the medium term, Looney had defined several sectors that had been affected by the attacks. Five areas were highlighted on his report and these are the Insurance, Airlines, Tourism and other service industries, Shipping, and Defense. Losses of the Insurance industry are estimated to be at $30 to $58 Billion. These losses are the highest record in the history of the country. Primary insurers have increased their premiums and dropped their coverages for terrorism related risk, this in turn had affected other key industries. Strongest impacts of the insurance were seen in the aviation, tourism, transportation, construction and energy generation sectors. Commercial property and liability insurance rates have been raised by 30% on the average. The terrorist had used airplanes in order to trigger the attack on the World Trade Center and the Pentagon. This had lead in putting the aviation industry in a weak position. An estimate of 20% decrease on the service orders had been ecperienced by airlines. Government support and airline passenger traffic was below normal and an estimate of 100,000 layoffs has been announced. Employment opportunities which were normally up in October and November fell by 80,000 or an estimate of 8% from the expected. Another sector that has been greatly affected is the tourism and service sector. These include hotels, tours, automobile rentals, travel agencies, and civilian aircraft manufacturers. As stated by Looney (2002), hotels have reported higher vacancy rates and employment in the sector as a whole fell by 58,000 in October and November. Relative Equity Values declined by 15%. Preliminary report of Fiscal Policy Institute in New York (2001) included attendance of people in the Broadway theatres had also decreased.. The Shipping sector was in a way affected by the attack, Maritime shipping rates had increased from 5 to 10 percent on average in the two weeks after the attack. Relative stability of freight rates ,despite the decrease in fuel costs and under-utilized capacity of the ships implied that transportation cost had increased because of the attacks Defense sector had experienced a significant increase on security-related programs in the budget for the year 2003. An additional budget of $48Billion was proposed for national defense. Homeland security budget was also increased from $20 Billion in 2001 to $38 Billion in 2002. An enhancement on the training of first responders which are the fireman, police and rescue workers were done, total preparation amounted to $8 Billion for domestic defense spending. The Fiscal Policy Institute or FPI (2001) included in their report losses on advertising because after the attacks commercial runs on television networks were cut down. FPI (2001) had estimated that there would be a 1,000 reduction in advertising employment and a 3% drop of revenues would be experienced by the advertising sector. Looney (2002), enumerated five effects in theà economy. These effects are higher operating costs, higher level of inventories, higher risk premium, Shift of resources t the military defense, and the shift away from globalization. As stated above, several increase in spending for defense had been experienced by the country, and higher insurance premiums were also done in the industry.à The attacks and also led to longer wait for time activities because several sectors and consumers are already cautious. These three reasons had led economist to say that higher operating costs maybe experienced by the industries in the country. Since businesses had been interrupted because of the attacks, several companies were not able to resume immediately. Businesses may be required to hold larger inventories at scale for fear that their suppliers may not be able to give the materials that they needed on time. An evidence on these was shown in the article of Looney wherein the auto industry production was interrupted because availabilityà of components were not immediately shipped out because of the delays in the crossing of the US-Canada Borders. The attack may have lead investors to avoid risking their money in businesses. As a result, higher risk premiums may be passed on to businesses in the form of higher interest rates, and lower equity prices. This could also lead to lower equity prices, business investment lowering and smaller capital stocks. The attack had been a terrorism activity. In response to this issue, the government would most likely divert their attention in strengthening the countryââ¬â¢s defense through the military. Many resources may be diverted to military use. Research and Development Resources can be also shifted to concentrate on the development of new devices to thwart terrorism activities. Since there had been interruption in the cross-borders of the country, investors may think twice in investing abroad and concentrate on domestic investments. During this time, the ââ¬Å"anthraxâ⬠scare is already being shown in the media. Several investors and the government may have taken this into consideration as such higher cost could be experienced because the businesses and the government would closely inspect items going in and out of the country. In the Chicago GSB magazine, the authors have included economic recovery for the country. According to Kevin Murphy, part of the debate team, expected recovery of the economy may occur within 15 months after the attack. Measured loss in the economy is estimated to be at 0.6% of the total asset of the country. Judging from the percentage of economic loss, the percentage shows a very minimal figure. Gary S. Becker, another part of the team had also stated that the country had retained basically all the human capital prior to the attack and because of this, the US economy would recover fully. It has been 6 years since the attack of the terrorist in the United States. Prior to the attack the economy of the country is already in the decline stage and this had been accelerated by the attack in the World Trade Center. Although the attack had greatly affected the economy, it is necessary to think on the before situation of the country because that situation had also affected the impact of the attack. The economy of the United States had already recovered since then, however, same security measures are still being by the country to address the issue of terrorism.
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