Ghana is a mixed but capitalist oriented economy” critically examine this statement Essay

There is not one single definition for a mixed economy, but the definitions always involve a degree of private economic freedom mixed with a degree of government regulation of markets. A mixed economy is an economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defence, infrastructure, and basic industries) coexist. Investopedia defines a mixed economy as an economic system that features characteristics of both capitalism and socialism. A mixed economic system allows a level of private economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. This type of economic system is less efficient than capitalism, but more efficient than socialism. All modern economies are mixed where the means of production are shared between the private and public sectors. A mixed economy is also called a dual economy. Most modern economies feature a synthesis of two o r more economic systems. The public sector works alongside the private sector, but may compete for the same limited resources. Mixed economic systems do not block the private sector from profit-seeking, but do monitor profit levels and may nationalize companies that are deemed to go against the public good. Mixed economic systems are not laissez-faire systems: the government is involved in planning the use of resources and can exert control over businesses in the private sector. Governments may seek to redistribute wealth by taxing the private sector, and using funds from taxes to promote social objectives. Capitalism allows prices to be set by supply and demand forces and socialism fixes prices through central planning. Capitalism is a socio-economic system that allows private owners to profit from the goods and services they provide. Investopedia defines capitalism as an economic system based on the private ownership of capital and production inputs, and on the production of goods and services for profit. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy). Capitalism is generally characterized by competition between producers. Other facets, such as the participation of govern ment in production and regulation, vary  across models of capitalism. One of the cornerstones of this system is the right of the individual to choose what to produce, how to produce it, and what price to sell it for. It is popular in  nations that value the freedom of the individual over the stability of the society. Most modern nations use some form of capitalism, such as state, corporate, or social market. Capitalism is also called the free market system. Capitalism requires unregulated supply and demand and little or no government interference in matters of trade. Each individual is free to produce what he or she wants and to sell it at whatever price the market will support. These decisions are typically made by the laws of supply and demand: if there is no demand for a particular product, the producer won’t be able to make a profit, but if the demand is high, he Capitalism is often closely associated with economic growth, as production and price are determined by the market rather than by governments. Private property rights provide individuals with the freedom to produce goods and services they can sell in the market. In the 1990s, the government continued to play a decisive role in the direction and pace of economic development in Ghana. Under the Economic Recovery Program initiated in 1983, the government tried to shift the burden of economic growth from government to the private sector through a dual strategy of cutting government spending and promoting private production. In particular, the government tried to boost export production through currency devaluations, tax incentives, and government-funded development projects. At the same time, budget deficits were almost entirely wiped out. Currently, Ghana is a mixed economy but depends mostly on the private sectors. The production of goods and services in Ghana is based on supply and demand in the general market (market economy), rather than through central planning (planned economy). With Ghana’s economic system, trade, industry and the means of production are controlled by private owners with the goal of making profits in a market economy. It can therefore be concluded that Ghana is a mixed but capitalist economy.

Nanorobotics in Medicine Essay Example | Topics and Well Written Essays - 1000 words

Nanorobotics in Medicine - Essay Example The very advantages of such reduced size are the high degree of precision and control on the end product. Therefore, what cannot be reached or manipulated in the past due to space and size restrictions can now be easily accessed and operate on through appropriate miniature tools (Cavalcanti 1, Martinac and Metelko 1). Not only telecommunications and materials science are experiencing the excitement in this new technology. The world of medicine is said to be one of those that will greatly benefit from nanotechnology. Experts clearly see the impact of this technology in the practice of medicine. In fact, funds have been flowing towards this area recently. In the US alone, according to Freitas (1) more than $500 million was allocated for nanotechnology research and development in 2002, $849 million in 2004 and reached $1 billion in 2006. In Europe, the European Commission apportioned 1.3 billion euros for nanotechnology R&D for 2003-2006. Furthermore, biomedical nanoscale applications were projected to have a 35% per year growth rate (Freitas 1). Due to the great interest in application of nanotechnology in medicine, a new field of science emerged and called nanomedicine. Nanomedicine is defined as the utilization of the knowledge of molecular characteristics of the human body for the diagnosis, tre atment, prevention, relief, improvement of pains, injuries and diseases. Frontiers in nanomedicine include three main categories. These are nanoscale structured materials or nanodevices, engineered microorganisms and nanorobots (Martinac and Metelko 2). Nanoscale structured materials or nanodevices are microscopic devices that can be used in implants or for delivering drugs to specific sites. Examples of nanodevices are nanopores which can contain large amounts of drugs or enzymes for controlled release using the very high surface area and size of the pores. Engineered microorganisms include bacteria and macrophages that can produce enzymes or perform new beneficial functions. Expectations are high in the branch of medical nanorobotics (Martinac and Metelko 2). Nanorobots are envisioned to offer advances through miniaturization of electronic medical devices by recreating naturally existing models such as those of bacteria and viruses. This entails fusing microelectronics and modified microorganisms to develop new artificial biological devices or engineer ing microelectronics alone that can perform specified tasks inside the human body (Freitas 9). Just like every normal machine or tool, nanorobotics are envisioned to be built from scratch although in microscopic proportions. Therefore, there is a need to design basic parts and components with minimum specifications and but with more than enough functionality. In other words, the first objective is to manufacture nanobearings and nanogears which will provide the above capabilities. Overlap-repulsion bearing designs by Drexler and Merkle pioneered these efforts (Freitas 10). A functioning nanorobot is seen to have molecular sorting rotors and a robotic arm. The latter is also called a telescopic manipulator. The exterior must contain or be made up of materials like glycocalyx that do not react or prevent absorption of blood materials such as fibrinogen. These components are also placed to provide biocompatibility and prevent immune system reactions. In addition, chemotactic sensors, molecules with specific binding

Antoine Busnois Essay Example | Topics and Well Written Essays - 750 words

Antoine Busnois - Essay Example As for a fact, one of his best known work Lhomme Arme 'is still recognized and even used in several musical and theatrical presentations today. Lhomme Arme', like the other works of Busnois is a hymn of manifested art that relates to the soul of anyone hearing it. For this reason, many musicians saw the possibility of using this particular hymn in composing mass music hence suggesting that use of the said hymn never goes undoubtedly boring even when it is repeatedly applied in different songs. As a hymn, Lhomme Arme' is a musical factor that enhances other hymns that when it is combined with other musical arrangements, it becomes more appealing to the ear and warming to the heart. Antoine Busnois primarily concentrated in developing music that is symphonic and easy to understand. People during his time were noted to directly respond to his music. Undoubtedly, the brilliance of his hymn endows the fact that the French art portrays both simplicity and complexity in so many terms. The arrangements may be complex at some point yet the simplicity of the sound produced by such a complex arrangement warms the soul of anyone hearing it. Sound has been a prevalent concept in the society affecting and influencing humanity in many ways known to man. Because of the influential nature of music, this medium is perceived to an effective tool for society in different aspect. Every element of the general concept of sound becomes a significant one namely the voice, music, sound effects, ambience and even silence. Each of these elements brings a different significance mainly emphasizing the expression of the general theme of a certain project. The use of voice can significantly influence the understanding of the expressed idea of the certain public or audience being pointed at. The intonation of the voice of the speaker can designate the emotion of the person and his or her loudness or softness will depict the personality, authority and character of the speaker. The use of background music, sound effects either through cyclical or continuous mean can intensify the environment's emotion which can later contribute to the personality of the speaker and/or character and can encourage the curiosity and enthusiasm of the audience. Also, these elements can significantly contribute to the meaning and intensity of the concept being expressed by the certain project thus aiding its dissertation and understanding by the public. In addition, the employment of the effects of silence as a background can also contribute to the expression of the general theme as it can set stages of excitement thus promoting the audience's interest (Altm an, 1992). Thus, the employment of sound through the application of each of its elements can significantly contribute to the general theme of a certain project as it promotes a better communication approach between the main concept and its audience. The use of sound can facilitates the dissertation and understanding of the public thus aiding the effectiveness of the project of communicating a certain concept and its significance to the society. On the part of Antoine Busnois' primary compositions, he uses the sound of his music to send

Drummer Boy; The impact of drummers in the black church Research Paper

Drummer Boy; The impact of drummers in the black church - Research Paper Example The paper will consequently describe the subject’s musical style, history, influence, plans, and repertoire and draw my personal comments. The black church refers specifically to Baptist and protestant religion and churches that minister predominantly to African-American people in America. Ideally, the black church has immense spiritual, economic, and political effects in America especially during the civil rights movement (Huyser-Honig Web). Notably, the black church destines leadership to men although its membership is primarily female. Music making, live performances, and singing are some of the activities that happen in a black church. Indeed, there is sacred music that keeps people coming to worship, and generally music and live-performances stirs worshippers’ souls and moves their feet each Sunday morning (â€Å"A UMNS Report† Web). Consequently, among the makers of the black church music is the drummer boy who plays the role of playing drums. The drummer boy tells me that a drummer is the backbone of every band and other musicians rely on the drummer to generate a strong beat that will compile the song. As such, he narrates his importance in the black church where he plays the role of generating strong beats that keeps all forms of music together. Ideally, the drums have soft sides that produce different tonal pitches according to the pressure of the arm of the drummer (Mitchell 3-7). Notably, drum tonality had great meaning in the African culture as well as in the black church. As such, a drummer must be on the beat to retain this cultural meaning and compose a perfect song. In this context, the drummer boy maintains a strong beat to make sure he does not lead the entire band astray. This leads to the connotation that a drummer must possess professional training and adopt relevant techniques to guarantee

Night Work and the Risk of Cancer Among Men Essay - 1

Night Work and the Risk of Cancer Among Men - Essay Example geted men aged between 35-70 years residing in the greater Montreal who had been diagnosed with incident, pathologically confirmed cancer at any major 18 hospitals of Montreal. The study results confirmed earlier studies which had linked night shift workers to increased levels of cancer. However, the study also provided new evidence that had not been well investigated previously, which was the relationship between night work and risks of several types of cancer among men. The results suggested increased risks of cancer sites among men working at night. The results were not tested, since the researchers point out that, â€Å"the absence of duration-response relations, and the very fact of ostensible excess risks across such a wide array of tumour types, might raise questions about the credibility of these ï ¬ ndings and possible methodological artefacts† (Parent, 2012, p. 753). The primary risk of exposure of interest was the relationship between night work and the risk of cancer among men. The study found that there was the existence of a relationship between cancer and night work, although it was not accurately measured. A case study was used to conduct this study of night work and the risk of cancer among men. It involved interviewing men who resided in greater Montreal and who had been diagnosed with various types of cancer in the 18 hospitals in Montreal. The study only focused on male patients who had visited the largest hospitals in Montreal between 1979 and 1985. Out of 4,576 eligible cancer patients 82% of the patients, which total to 3, 730 were successfully interviewed. 81% responded for themselves while the remaining per cent, their spouses acted as the respondents. The study only focused on men who had visited hospitals and successfully been diagnosed with various types of cancer. The selection bias was based on the exposure of interest. The fact that only those men who had been diagnosed with cancer were selected for the study made it qualify for

Taiwan or hong kong (asian) rituals Essay Example | Topics and Well Written Essays - 2500 words

Taiwan or hong kong (asian) rituals - Essay Example It has to be believed that the concrete religious practices, such as community festivals, calendrical festivals, rites of cosmic renewals, and family oriented and individual religious rituals of Taiwan are culminated from the fusion of local and national traditions. Thus, it is an attempt at unraveling intricacies of rituals in the sphere of: (1) how does the ritual reflect the values of a community; (2) what are the underlying consequences of the ritual; (3) what is the stated purpose of the ritual; and (4) what behavior does this ritual make it seem natural or normal, in the socio-cultural Taiwanese perspective. Anthropologists and sociologists are interested in ritual studies, because discussions about rituals have key cultural importance and social concern. They take ritual events as â€Å"a mirror to reflect the larger problems of particular interests in an ethnographic case that become amenable to analysts† (Husken). Rituals are viewed to act as powerful mechanisms for constructions of the self and the other, of personal and collective identities, and are generally held to have benign effects. They bring core cultural values, ideology, knowledge and dramatic style to bear on real social relationships, problems and difficulties, often at key moments of transition or intensification. Social scientists view that ritual action is a conscious social mechanism of symbolic actions that reinforces the status quo by overwhelming the practitioner with a feeling of moral obligation to adhere to societal sentiments, which stress the importance of maintaining social structure.In short, ritual s are often at the centre of the play of social and cultural forces operating in a society. The cultural attributes of marriage, death, as well as religious practices are considered fundamental to the cultural make-up and identity of a country. Taiwan is a country where past, present and future

Comparing two of the six IPCC scenarios Assignment

Comparing two of the six IPCC scenarios - Assignment Example With this regards it evident that the number one energy type, oil is declining at a faster rate. For example, The United States oil reserves have been declining since the year 1971. The demand for oil in most of the countries is increasing and most of the oil producing countries has already depleted their oil fields. Gas which is also produced in similar circumstance as oil is also limited. By the year 2100, most of the natural gas should have been depleted (Chefruka, 2009). Nuclear energy seems to one of the energy types that will not be fully depleted by 2100. The more nuclear power plant will be formed the more power people will be able to obtain. Since most of the energy forms would have been depleted by 2100, renewable energy will become the most used for of energy. By 2100, most of the population will be forced to use the renewable forms of energy like solar panels and wind power (Nakicenovic, 2001). The decline of human population by 2100 can be closely associated with the reduction of energy. It is correct to assume that the decline in the world energy supply will have profound effect on the population. If we carefully analyze this, we will find out that human being requires a significant amount on energy to sustain their quality of life. So, if this energy supply decline per capita, the quality of life will be affected. Based on the theory of demand and supply, when the energy sources become scarce, there price of oil will go high. The price of this commodity will force the populace to redirect money for other expenses to obtain this precious commodity. Their consumption will hit rock bottom and this will be disastrous. Statistics shows that over 5 billion out of 7 billion occupants live in countries where the energy per capita is under 1.5 toe per year (Nakicenovic, 2001). As the energy reserves continue to decline, these counties stand a high