In depth analysis about article Essay Example | Topics and Well Written Essays - 500 words - 1

In depth analysis about article - Essay Example The article contends that foreign trade does not necessarily increases the amount of value of commodity unless it is accompanied by increase in demand. This is important facet of economic principle that heavily relies on demand and supply of goods and services for optimal profit. The influx of capital and employability within the production process results in profits either due to new technology and methods that increase efficiency or there is decrease in wages that help to increase the percentage of profit. Thus, increase in revenue or decrease in consumption will result in accumulation of capital which can be gainfully employed for production of other commodities. They are indeed, vital inputs for trade and apply equally for domestic and foreign trade. Interestingly, the article also highlights that countries tend to favor import of those goods which have relatively higher cost of production. Ricardo gives example of corn which he says would be imported by England even if it has fe rtile land. Main reason is that it gains relatively higher profits on export of wine for which it has developed improved skill and technology which lower the cost of production.

Fredricksons various models in the story of Stephen Cruz by Studs Essay

Fredricksons various models in the story of Stephen Cruz by Studs Terkel - Essay Example For Stephen Cruz, who was taught and brought up by his father to work hard in whatever he does and avoid taking things that he does not deserve, is seen in the story being told to fall in the line and learn the way of doing business as the dominant and powerful group does. The Civil Acts of 1964 is used in this story to signify the way policies and legislations are used to assimilate minority groups. Fredrickson’s one way assimilation methods is apparently used in this story as the minorities are being accepted and employed to and by the dominant group, but they still play a subordinate role and are not allowed to fully enjoy the freedoms nor fulfill their American dream (Fredrickson, 335). As Stephen Cruz rises up through the corporate ladder slowly with his sheer hard work, he continues to discover that maybe the American dream he is working on is not meant for him. This is because he discovers that the dream and the relations between the minority-weak and dominant-powerful, are to the advantage of the later. This relation is described by Fredrickson as group separatism. Although the method of doing so might not be as direct as it may be perceived to be, through taking advantages of various legislations and policies to their (dominant group), can be seen as a way to separate the dominant and the minority. The dominant and powerful in America continue to get stronger and wealthy and the expense of the minority. This separates the two groups even further and no equally is presented.