Consumer Expenditure Assignment Example | Topics and Well Written Essays - 1000 words

Consumer Expenditure - Assignment Example The most affected continent is Europe. For instance in Spain and Greece consumers have turned into investing instead of expenditure. The harsh economic conditions have made it unpredictable to spend a lot of money. This has made selling and manufacturing companies go bankrupt. In an argument by Blythe the economic conditions witnessed in Europe may be witnessed in other nations if the consumer population is not advised to spend more (56). However, the consumer population argues that the limited resources they have does not allow them to spend most of it in buying secondary goods. This scenario has forced the selling and manufacturing companies reconsider how to lure more consumers to purchase their products. This paper will focus on how consumers make decisions concerning the expenditure. Additionally, it will give an insight on how the rational consumer budgets their limited resources. It will also focus on how the selling and manufacturing companies strategize to increase the numbe r of sales of their products. The decision making process on expenditure among the consumers depend on several factors. One of the most significant factors is the income levels of the consumer. It is an obvious assumption to say that low income earners are the least spenders. With an increase of employees in this bracket the cutting cost on expenditure will continue to rise. Low income earners shift their focus first on necessary needs like paying rent providing food to their families and investing in education. Considering these priorities, it is evident that the money spend to purchase the other products is very limited. According to an argument by Barro saving also denies the consumers a significant amount of money to spend on other goods (106). It is the same scenario with high income earners. This bracket focuses more on investing and securing their financial future. With the global economy under numerous uncertainties, saving provides the most logical way to secure ones financ ial future. Apart from the income statements of consumers, the price of households goods determining the decision making on expenditure. Noel argues that a perspective on the market 2 years back from now, it is estimated that the price of general commodities has risen by an average of 50% (93). The basic needs like food and clothing have also been affected. This in turn means that, the consumer population will tend to cut cost on other products in order to have enough resources to acquire the basic goods they need. The uncertain financial and economic future has also made it difficult on consumers to spend more resources. Rational consumers on the other hand use all the means possible to maximize their resources and fulfill all their needs. Rational consumers also face the difficulty of planning expenditure on their very minimal wages and resources. To optimize this, this bracket of consumers cut expenditure cot on everything expect for the basic human needs. However, they tend to a lso spend very minimal on the basic needs. According to Blythe rational consumers greatly consider the future of their financial positions. In this way they are categorized as the least spending consumers (132). However, analysts argue that rational consumers’ decision of saving might at the end cost their financial security. According to Noel saving without spending on investing makes no difference from a person who spends money

Philosophy of religion Assignment Example | Topics and Well Written Essays - 750 words

Philosophy of religion - Assignment Example Plato calls for an in-depth inquiry between the processes of thinking in relation to the soul. Thus, he posts a question on why should a just soul lived through a just life be the ruler of society. Rather than simply agreeing with his teacher, Plato’s dialogues seek for the confrontation of these ideas though subsequently agreeing with it (Miller, n.d., pp. 173-174). The virtuous man is another philosophical awareness that he inculcates in Republic where the ruler is demanded to be good and must prioritize the people. There is what McPherran (1996) regards as an agnostic inclination of Socrates on the goodness of death since Socrates does not claim expertise on the subject matter. He recognizes the existing religious beliefs including the tales that come with mythological teachings but does not adhere to it. He is more persuaded on gods and judges that will determine one’s fate on the afterlife (p.259). The concept of the soul and the afterlife is a widely debated relig ious topic. The conception of Socrates and the stress he puts on the tending of the soul points out to his belief on a metaphysical form of man. As a religious topic, the soul can be perceived in most of all world religions with varying understanding from heaven and hell in Christianity to reincarnation and nirvana to Buddhism along with many other beliefs. 2. Does commitment to philosophical exploration imply the embodiment of certain virtues? If so, does this, or could this, lead to the practice of asceticism? Consider either the case of Socrates or Plato (or both) to answer this question. The call of Socrates toward a virtuous life toward the nurturing of the soul and the embodiment of the just ruler does to an extent lead to asceticism as contemplated. The virtues of a ruler are of paramount importance to Socrates in the Republic. He regards that a man who desires so strongly for one thing will necessarily be weak when it comes to other things. He must be able to divert this