Sign In
Not register? Register Now!
Essay Available:
Pages:
4 pages/≈1100 words
Sources:
No Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 17.28
Topic:

Personal Statement: Labor, Markets, Growth, Wealth, And Instability (Essay Sample)

Instructions:

Provide answers to the following questions.  The statement should be no longer than 5 pages.  There are no right or wrong answers.  There are only thoughtful or less thoughtful answers.

Questions related to Part One – Labor, Markets, Growth, Wealth, and Instability

1.  What is “the market” and what purpose does it currently serve?  If you could improve “the market”, how would you improve it?  If you do not think that it should be improved, explain the reason.

2.  What is “labor” and what relationship does “labor” currently have with “the market”? If you could improve the relationship between “labor” and “the market”, how would you do it?

3.  What is society’s wealth and from where does it come?  Explain.

4.  Are markets inherently unstable?  Explain.

Questions related to Part Two – Work

1.  What is “work” and why do we do it?

2.  If you could improve “work”, how would you do it? If you do not believe that it needs to be improved, explain.

Questions related to Part Three – Authority and Organizing Work

1.  How do you know what to do while at work?

2.  If you disagree with the way that work is organized, what would you do?  How would you know that you could take steps to change work?  In other words, who or what gives you the authority to take action to change work?

source..
Content:

Your Name
Your Subject and Section
Your Professor's name
January 28, 2018
Personal Statement
Provide answers to the following questions. The statement should be no longer than 5 pages. There are no right or wrong answers. There are only thoughtful or less thoughtful answers.
Questions related to Part One – Labor, Markets, Growth, Wealth, and Instability
1. What is “the market” and what purpose does it currently serve? If you could improve “the market”, how would you improve it? If you do not think that it should be improved, explain the reason.
A market is a place or a network where different parties (individuals, businesses, state institutions, etc.) exchange commodities and goods. In relation to its ideal purpose, it could be seen that the market is “inherently neutral” that is, that its main purpose is for exchange. This was even exemplified by its earlier forms, such as barter between indigenous communities, which was solely aimed for sustenance. However, as time goes the market became increasingly “competitive”. It prioritized the need for accumulating wealth rather than simply providing a means for exchange that would help society supply its citizens with what is only enough. As competition continuously increases, greed has then characterized the market that we live now. It then translated into a zero-sum game, where some could gain a lot, while some could only get a little. Adding to the fact that it has now endangered our ecosystem, it is apparent how the ‘competitiveness' of our market leads to a lot of negative consequences.
In line with this, I believe that the market should be improved by having the “people” acquire a monopoly of certain parts of the market. By people, I'm referring to the state controlled by democracy, rather than the corporations today owned by the few. A good example of this would be the Chaebols in South Korea (e.g. Samsung). Even if some of them are owned by some families, the government backs it up and thus receives a hefty return in exchange for the innovation that it creates. The government also mitigates the competition and lets these companies focus on innovation. These Chaebols are the reason why South Korea is not only wealthy but is also superior in terms of environmental and social friendliness.
2. What is “labor” and what relationship does “labor” currently have with “the market”? If you could improve the relationship between “labor” and “the market”, how would you do it?
Labor, is essential for the market to run, without it commodities would not be manufactured, marketed, nor sold. However, as the market becomes more and more competitive labor becomes synonymous to “exploitation”. In the thoughts of Karl Marx, the market has created has alienated these proletariat/laborers from what their own work. Nonetheless, despite the continuing increase in the marke

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to child labor:

  • Indentured Servitude to Slavery: The Change in Labor Provision before Reconstruction
    Description: The story of the American colonization is an interesting one. According to Clark and Hewitt (7), in 1492, Christopher Columbus made a voyage into the uncharted island of Bahamas a journey that opened the entire region to the Europeans....
    5 pages/≈1375 words | 5 Sources | MLA | History | Essay |
  • Information Characteristic And Qualities Of Child
    Description: Which of your child's accomplishments are you most proud ? Highly Self-motivated, She knows what is the best for herself. Can you think of any obstacles your child has overcome ?...
    3 pages/≈825 words | No Sources | APA | Education | Admission Essay |
  • Homework From Econ 1740 Questions Assignment
    Description: How does the land/labor ratio affect labor productivity in an agrarian economy? and land productivity? The land/labor ratio affects the agrarian economy because this affects agriculture as the economy is farm based....
    2 pages/≈550 words | 1 Source | MLA | Mathematics & Economics | Coursework |
Need a Plagiarism Free Essay?
Submit your instructions!