Analysis of the personal computers market from the microeconomics` Essay

Analysis of the personal computers market from the microeconomics` perspective - Essay Example A great number of competing producers There are many competing producers waiting for their chance towards competitive advantage, leading to the exploitation of price that could offer more significant customers’ advantage. This is based on the idea of Porter that the overall cost leadership could lead to competitive advantage because its bottom line is about the ability of each producer to set a competitive price for their actual product or service offering (Porter, 1998). As the competition increases, more producers are capable of offering their products or services at a remarkably lower price just to ensure their competitive edge and to guarantee a fundamental market share. This significantly happens in the market for personal computers. To cite an instance, it is not only Apple Incorporated that has the potential to produce personal computer products, but there are other companies around the world of the same industry, both local and international that are also capable of pr oducing the same offerings and present them at lower prices. Based on the concept of the law of demand, a lower price is enticing from the point of view of customers. Thus, it is a natural market response to increase their demand especially for products that are of greater value for them and set at lower prices. According to law of demand, customers tend to find substitute products just to enjoy the benefit of acquring low prices. On the other hand, the price should therefore be obviously lower in the case of products with high volume of supply. This idea is relevant to the associated concept of the law of supply. In other words, the market for personal computer because of a healthy... This paper primarily focuses on the process of price formation in the personal computers industry under the condition of free market. Both laws of demand and supply are under consideration. In this paper, there is an critical analysis of the important factors that are actually contributing to the downward fall of the market price for personal computers even in the midst of increasing demand for them. The dynamic changes in today’s economy leads to the increasing demand for various technologies. This connects us to the prevailing requirement for personal computers. The business for making personal computers would therefore make sense and this is the reason why many producers try to surface from time to time and even create vibrant improvements. The law of supply states that when there is a higher price involved, producers are more willing to produce more, and less if the associated price is low The law of demand on the other hand states that the demand for a product or service offering is higher if people could afford it through a lower price, which means they are not more likely to buy something with a higher price, provided nothing changes As the demand for personal computers increases, the market price decreases because this could be clearly due to the increase of supply linked up with the great number of competing producers that are capable of adjusting the final price of their actual product offerings, leaving the advantage to the target customers. The laws of demand and supply effects on the computer prices are illustrated in the figures in the article.

Essay on American Dream Example | Topics and Well Written Essays - 1000 words

On American Dream - Essay Example But it was not until the end of 20th century that this dream acquired its complete glory. Today America has developed into a prominent juggernaut with anchors deep rooted in the philosophy of American Dream. The autonomy of an individual in choosing the way of life has opened gates for many possibilities. They believe that they can become whatever they want to be, a trait which is obsolete in many other nations where many factors drives them in specific directions. An American can even dream to be a president of his country. The main driving force behind such state of mind is the suitable environment which makes it possible for them to fulfill any dream. They are provided with proper opportunities and guidance toward their goal. An achievement gives personal satisfaction and happiness which in turns gives a prosperous society. (Powers 2000). But that’s only one side of the coin. Although many cherish America’s strong economy others criticize the statistic that 13.7% pop ulation still lives under poverty level. Hence, a question can be asked here that why despite this economical boost and propagation of American dream about 36.5 million Americans are poor. For many this has been a topic of debate and the answer is still to come. (Chamberlain 1997). What is your dream? As it is impossible to contain a ripple of water, it is impossible to contain the horizon of your dreams. But in a nutshell, my dream is to have a prosperous life in a society where my potentials are fully recognized and appreciated where basic necessities of life such as infrastructure, healthcare, law and order are of highest standard. The more I think about American dream the more it fascinates me and incline me to be part of a system that influenced many nations around the world. My dream is to obtain higher studies in an American institute and become a successful medical physician. However, the key will be learning all the essential ingredients that make up this utopian society an d bringing the recipe back home. In this 21st century, world has become a global village and we all are inevitably linked to each other. So any amendment in one part will definitely have a positive impact on the whole. I believe it’s a responsibility of every individual to identify and embrace valuable factors and joins them with the fundamentals of their own society to make this world a better place. Is it accessible? Answer to this question can be quite subjective. There are two schools of thought on this; one believes that it can be achieved by certain group of people in the society while the other believes that it is within the reach of those who wish to follow the basic principles on which it stand. (Harris et al 2007). In my opinion it is a coalescence of both. It is difficult for a foreigner like me to get a job in the United States but it’s not impossible. In their present society a foreigner has to be more than excellent in his skills to obtain the same positi on that an American achieve even with average skills. So in this context it does seem like there is a partiality, but in reality it is just a way to make sure that society sustains itself. As I mentioned before it is vicious cycle, fulfilling the dream of an individual so that happiness prevails and it positive feedbacks in making a prosperous society. This is one way of looking at it. The other way is by simplifying the definition of American Dream. If