Rent seeking

Thursday Island, a small island in the Torres Strait is located 2,640km north west of Brisbane, 804km north of Cairns, 141km south west of Papua New Guinea, 35km north west of Cape York. Its area is about 4.5 square km and is legally part of Queensland. Locally known as “TI”, or the Torres Strait Islander name is Waiben, means ‘dry place’ due to the geological of the island it has lack of fresh water; island gets its water supply from a dam in Horn Island. TI has a tropical humidity and has two…

other consumer would. Similarly, if they own or rent housing, they pay the related property tax. Because they pay for food, housing, entertainment, haircuts, and spend money on many more products, there is no doubt they generate considerable economic activity (West 435). Throughout its history, the United States has been seen as a haven for people from around the world, so it’s no wonder that the majority of immigrants entering the U.S. are simply seeking the freedoms that America guarantees…

Introduction Volunteer tourism is also known as Voluntourism. Voluntourism is when tourists combine volunteering work with travel. It is growing rapidly in the tourism industry in the recent years. It is estimated that there are a total of 1.6 million volunteer tourists, spending about $1.7-2.6 billion each year. The average cost for each volunteer is about $3000 per trip. (Marketing, 2008) Voluntary Services Overseas (VSO) started off in 1958 to improve in areas such as education and…

ideas into question. The first aspect involves men migrating, while their families remain in their home. This can be related to when my dad had to immigrate to the United States first. Since he was the head of the household he was responsible for seeking resources outside our homeland. My mother had to stay with us in Mexico while my dad sent money to the house. However, when immigrant women come to the United States, we can see the second and third aspect which involves immigrant women’s…

Hand in Hand A wise African proverb states, “If you want to go fast, go alone. If you want to go far, go together” (“African” 1). This philosophical quotation encompasses an important message on how to address one of the world’s most prevalent and devastating problems: the Syrian Refugee Crisis. As millions of Syrians are displaced by the Syrian Civil War, they attempt to seek refuge in surrounding foreign nations. So far, the countries of the world have only addressed the crisis by deciding the…

Private Eye V. I. Warshawski as the Second Marlowe Traditionally, society sets up a norm of how a person should handle their duties creating gender identities. Tradition comes to play with the aspect of how females and males should conform to these identities. This limits women’s perspective on themselves because society habitually views women doing domestic chores such as making food in the kitchen, cleaning, and taking care of people. It creates gender expectations and people conform to this…

Inside Chobham is the name of a carpet and fabric shop located in the centre of Chobham, this research report will identify and analyse various sources of finance which are suitable to fund the expansion plans of it’s owner. It’s situated in a town which is primarily populated by families with an above average household income, which makes it an ideal location for a carpet shop which stocks expensive carpets such as Brintons and Couristan. It has been operating for many years now and has managed…

National Income can be defined as revenue earned by the nation’s companies that is measured by the United States Commerce Department and is organized and published by the Bureau of Economic Analysis. National Income relates closely to Gross Domestic Product, or GDP, which is the market value of legal goods and services produced in an economy in a year. Overall, there are two ways that the Bureau of Economic Analysis calculates the GDP; there’s the expenditure approach which uses the formula…

Many things have changed throughout the generations, but we all take life chances. Life chances are “opportunities to provide themselves with material goods, positive living conditions and favorable life experiences” (Schaefer 2016:194). I recently interviewed my grandpa, Merlyn, about his dad’s life chances. During the interview, I realized that my great grandpa did not have a good social inequality. Social inequality is when “members of society have differing amounts of wealth, prestige, or…

The current event I will be using is an excellent representation of how business ethics and morals can conflict with the pursuit of profits. Martin Shkreli, CEO of Turing Pharmaceuticals, recently raised the price of a drug relied upon by AIDS patients. This was not a small raise in price; Shkreli raised the price astronomically, from $13.50 to $700 a pill. The instant question I had when reading of this, was what makes Shkreli thinks that this is okay? For as quick as the mainstream media was…