Business patents report Essay Example | Topics and Well Written Essays - 250 words

Business patents report - Essay Example Following suit, other companies in the software segment are beginning to analyze their innovative intellectual properties for opportunities to exploit their unique technology developments and thus gain market share. Seeking patent protection on this business’ new software will restrict market entry from other software companies looking for B2B information technology solutions market potential. The main issue with attaining a patent is the litigation risk of not performing an adequate patent clearance search to identify software in our market already holding patent protections. The recent course case involving Apple and Samsung has set a business precedent for the high financial costs of accidentally duplicating various icons or display features in the development process. However, this business can offset these risks by assigning a patent clearance team to conduct appropriate external research to ensure development does not infringe on intellectual property protections. Patent protectionism will provide for licensing in the event that the business is unable to secure high volume of market interest post-launch. It is more likely that this business will be able to attain venture capitalist interest in financial investment, which will offset development and patent clearance costs, by minimizing litigation risks or competitor replication of the

Property Prices in Sydney

Property Prices in Sydney Sydney Property Prices Executive Summary In early March 2014, the governor of Reserve Bank, Glenn Stevens, warned house owners that Sydney property prices including houses will keep rising. For this reason, he cautioned home buyers never to borrow so much debt because, like the house prices are anticipated to continue rising, they can equally fall. Foreign investors have been moving to Australia at a very high rate especially those from China. The business people increasingly buy houses in Australia particularly those at the hot Sydney market. This has caused Sydney house prices to shoot up at a very rapid rate. This rapid rise in Sydney house prices has also been caused by few homes in Australia that only leave the cashed-up foreign investors with the opportunity to purchase those that are available. This situation creates a big problem to first home buyers who do not have as much money to purchase such expensive houses. Table of Contents Executive Summary Table of Contents Introduction Sydney house prices The key stakeholders that are impacted by the rise in Sydney house prices Economic theories Other relevant issues in the article Conclusion References Appendices Introduction Since 1983, house prices in Sydney have been increasing and this trend has been constant for over thirty years. The rapid rise in Sydney house prices is contributed by an increase in house demand by foreign buyers, as well as the low supply of houses in Australia. The purpose of this report is to present the causes and impacts of the rapid rise in Sydney house prices, and to provide possible solutions to the problem. The report begins by analyzing the present situation in Sydney as far as house prices are concerned, including major contributors and possible impacts. This is followed by description of the stakeholders that may be impacted by the rise in Sydney house prices. The report also explains the present problem in Sydney in terms of economic theory and concepts of demand and supply. The last section of the report focuses on possible solutions to the rapid rise in Sydney house prices. Sydney house prices Sydney house prices have rapidly increased over the recent past. Home buyers increasingly move to Australia to look for new homes for residential purposes and for investment. The rapid increase in prices is attributed to an increase in demand for Australian real estate from foreign buyers that have resulted into several bidders quoting very huge prices (Macken 2014). Home owners have raised house prices in Sydney because foreign investors, especially from China, increasingly buy local homes. These foreign investors are attracted to Australia by the Australian significant investor visa. The significant investor visa attracts prominent investors and business people to Australia and increase innovation and economic growth (Nicholls and Macken, 2014). Additionally, the Canadian government has cut its Federal Immigrant Investor Program and the recent change in the Canadian Visa scheme is expected to attract even more investors and business people to Sydney (Macken 2014). Australian houses are also expensive because of low supply of the stuff (Nicholls and Macken, 2014). Many Australian families increasingly buy new residential homes resulting into the rapid increase in house prices. This form of demand is driven by education as well as lifestyle. Highly educated people believe that they should stay in executive homes. They are therefore attracted to purchase such homes that are available in Sydney at high prices. Again, many Australian men point out that they want quality lives for their wives and families and since price is equated to quality, they end up buying Sydney houses at high prices which keeps these prices high. Foreign investors from China are likely to keep Sydney house prices high as they move to establish industries in Australia concerning the fact that China has strict policy against pollution (Macken 2014). It is anticipated that a consistent rise in Sydney house prices will soon render new home buyers homeless because they will not be able to cope w ith the high prices (Johnstone 2014). However, the Reserve Bank brings back hope to such people by stating that Sydney house prices are likely to fall in the near future due to low interest rates that have encouraged Australians to build new homes (Hutchens 2014). The key stakeholders that are impacted by the rise in Sydney house prices The rapid rise in Sydney house prices may impact a number of stakeholders including home owners, upgraders, foreign investors, local investors, first home buyers, second home buyers, the society and the Australian government. Home owners will have to increase the quality of their houses and build them in different architectural designs to attract home buyers. In addition, the rapid increase in Sydney house prices will compel home owners to consider building varieties of executive houses suited for investment and residential purposes (Macken 2014). As more and more foreign investors come to Australia, the upgraders will want to sell off their present houses in order to build new ones that will meet the current demands of families and businesses (Nicholls and Macken, 2014). Foreign investors are likely to be impacted by the rapid rise in Sydney house prices as they will be compelled to dig deep into their pockets and give out the required amounts before they can be allowed house owners hip. Like the foreign investors, local investors will also have to pay for the houses as per the prevailing market price. Unfortunately, some local investors might not afford to pay these prices, leading to market domination by the foreign investors (Macken 2014). First home buyers are those individuals who are purchasing homes for the first time. This group of customers lacks home purchasing experience and they may not have as much money to pay for the expensive houses. Eventually, they might soon become homeless if the current situation persists. Second home buyers on the other hand have bought homes before and can easily adapt to the rapid rise in Sydney house prices. They would thus have an advantage of house ownership at the prevailing prices as opposed to first home buyers (Johnstone 2014). With many foreign investors acquiring new residences in Australia as a result of rapid rise in house prices, the Australian population will obviously increase. Increase in population is ass ociated with environmental pollution and scarcity of resources. The Australian government must therefore make a change in its policy to ensure that these foreign investors are peacefully accommodated in the country. Even though all these groups will be impacted by the rapid rise in Sydney house prices, the first home buyers will be impacted the most because they will not be able to purchase new houses if the house prices increase further (Johnstone 2014). Economic theories The two main factors causing the rapid rise in Sydney house prices are; increase in demand of houses from foreign buyers and low supply of homes. According to the law of demand, the quantity of commodity demanded decreases with increase in price and vice versa, all other factors remaining constant. This can be plotted graphically in form of a demand curve showing the relationship between price and quantity demanded of a product (Sakovics and Steiner, 2012). Supply curve is a graphical representation of the quantity of goods that suppliers are willing to bring to the market at the prevailing market prices, with all other factors remaining constant. The point of intersection of demand and supply curves is the equilibrium price and quantity (Liu and Agbola, 2014). All these three relationships are shown in figure 1. Other factors such as changes in consumer tastes and preferences can cause a shift in demand curve thereby changing the price of a particular commodity (Liu and Agbola, 2014 ). From the media report, an increase in demand for executive houses is Sydney is derived from the increase in number of foreign investors, education and lifestyle (Macken 2014). These factors cause a positive shift in the demand curve where the demand curve shifts to the right (Liu and Agbola, 2014). This shift generally causes an increase in house prices as presented in figure 2 in the appendices section. At the same time, there is low supply of houses in Sydney causing the rise in house prices (Nicholls and Macken, 2014). This causes the supply curve to shift to the left as shown in figure 3. These shifts in demand and supply curves contribute to the high house prices in Sydney. Other relevant issues in the article The fact that first home buyers are the stakeholders that are likely to be impacted the most with the rapid rise in prices of Sydney houses, I would ensure that they are not disadvantaged through abolishment of stamp duty for first home buyers and reintroduction of first home buyers incentives for houses. This will give first home buyers the opportunity to meet the expenses of purchasing new homes. In addition, I would encourage first home buyers to form partnerships and share mortgage costs. This is cheaper because those involved in the partnerships can formulate policies that govern their practice. They can also extend these houses and lease the extra portions to others who will in the process assist them in meeting costs (Johnstone 2014). Other alternate actions that can be taken to solve the economic problem in Sydney include building of more homes to increase their availability to foreign investors and Australian residents. Building more homes will mean an increase in supply of homes (Hutchens 2014). This will cause the supply curve to shift to the right thereby lowering the house prices as shown in figure 4. Conclusion In conclusion, both local and foreign home buyers in Sydney are faced with the challenge of rapidly rising house prices. The current trend observed in Sydney house prices occurs as result of scarcity of houses and the increasing demand from foreign buyers. If these prices continue to rise over the coming years, first home buyers will be rendered homeless as they will not be able to afford houses in Sydney. The increase in demand as well as low supply of houses cause a shift in the demand and supply curves respectively, which causes prices to rise. First home owners can acquire houses at the prevailing prices through formation of partnerships. Additionally, they can be assisted to fit in the current market through reintroduction of first home buyers’ incentives for houses. Consequently, building more homes in Sydney will increase the supply of houses and house prices will come down. References Hutchens, G 2014, ‘House Prices Can Fall Too, Warns Reserve Bank Governor Glenn Stevens,’ The Sydney Morning Gerald, March 8, also available from http://www.smh.com.au/national/house-prices-can-fall-too-warns-reserve-bank-governor-glenn-stevens-20140307-34cr5.html Johnstone, T 2014, ‘No Joy For First Timers at Auction: Upgraders Win in Lilyfield as Sydney Records Another Strong Clearance Rate of 82.5 %’, The Sydney Morning Gerald, March 8, also available from http://smh.domain.com.au/real-estate-news/no-joy-for-first-timers-at-auction-20140308-34dud.html Liu, WS Agbola, FW 2014, ‘Regional Analysis of the Impact of Inward Foreign Investment on Economic Growth in the Chinese Electronic Industry,’ Applied Economics, Vol. 1, no. 26, pp. 2576-2592. Macken, L 2014, ‘Property: Sydney Expected to Gain Foreign Buyers as Canada Closes Visa Scheme,’ The Sydney Morning Gerald, March 8, also available from http://smh.domain.com.au/real-estate-news/property-sydney-expected-to-gain-foreign-buyers-as-canada-closes-visa-scheme-20140307-34cr6.html Nicholls, S Macken, L 2014, ‘Upgraders Keep Sydney Property Market Bouyant,’ The Sydney Morning Gerald, March 8, also available from http://smh.domain.com.au/real-estate-news/upgraders-keep-sydney-property-market-buoyant-20140314-34rqe.html Sakovics, J Steiner J 2012, ‘Who Matters in Coordinating Problems? American Economic Review, Vol. 102, no. 7, pp. 3439-3461. Appendices Figure 1: Demand and Supply curve showing market equilibrium Price S PEMarket Equilibrium D QE Quantity S Supply curve PE Equilibrium price D-Demand curve QE Equilibrium quantity Figure 2- An increase in demand for houses raises the price of Sydney houses Price Supply P1 P0 D1 D0 Q0 Q1 Quantity Figure 3: A decrease in supply of houses raises the price PriceS1 S0 P1 P0 Demand Q1 Q0 Quantity Figure 4: An increase in supply by building more houses lowers the price PriceS0 S1 P0 P1 Demand Q0 Q1 Quantity 1

Religious Toleration during the Enlightenment Essay -- Enlightenment of

The Enlightenment of the 18th century evolved due to the many changes brought about by the Scientific Revolution. With all of the new scientific discoveries, new thought processes were developed. The scientists of the Scientific Revolution brought about revolutionary change. These scientists inspired the philosophes of the Enlightenment to challenge the ways of the "Old Regime" and question the ideas of the church. Philosophers such as Francois Voltaire, Jean-Jacques Rousseau, and John Locke published their controversial ideas and these ideas along with some important political action, helped to mold a new type of society. The new society was one that tolerated different religious beliefs. "The minds of men, abandoning the old disciplines and contentions of theology, turned to what they called "natural philosophy," namely, the faith in individual reason rather than in divine revelation; they welcomed the excitement offered by the ever widening opportunities for discovery and commerce and by the prospect of immeasurable progress owing to the inventions of science and technology and the spread of education."1 Religious toleration during the Age of Enlightenment was ultimately affected by changes in the Roman Catholic Church, the politics of the 18th century, and the philosophy movement. Enlightenment was a term, which was used to describe a new philosophy of life. "It was a time when man, stepping, out of his shackles, began to use his rational facilities †¦ and shoved aside the state and church authorities."2 Individuals began to rely on their own instincts in order to realize that there were certain civil liberties that should be provided to them, that they were not receiving. Religious freedom was one of these civil liberties.... ...f Church and State destroyed many monarchies and permitted democracy. 1 Nicolson, Harold. The Mainstream of the Modern World: The Age of Reason. Edited by John Gunther. (Garden City, N.Y.: Doubleday and Company Inc.,1961),19. 2 Pacini, David S. The Cunning of the Modern Religious Thought. (Philadelphia: Fortress Press,1987),35. 3 Pacini, 36. 4 Hooker, Richard. "Martin Luther." http://www.wsu.edu/~dee/REFORM/LUTHER/HTM. (14Feb2000). 5 Nicolson, 40. 6 Pacini, 46. 7 Grell, Peter, Bob Scribner, ed. Tolerance and Intolerance in the European Reformation. (Cambridge: Cambridge University Press,1996),69. 8 Brians, Paul. "Rousseau, Jean-Jacques: The Social Contract (1762)." http://www.sgc.peachnet.edu/users/rreiman/www/time/rousseau.htm (14Feb2000). 9 Brians 10 Brians 11 Grell,167 12 Grell,168

Personal and Imaginative – Waiting Room

I stepped up cautiously to the tiny speaker, where I reluctantly pressed the call button. The high-pitched mechanical sounding voice of the receptionist asked me to enter. She led me into a room that was painted in fluorescent yellow. Don't copy this coursework you rat. After scanning the room thoroughly for thirty seconds to look for somewhere to sit, I saw a squashed corner between a large woman and a damp, frayed wall. My ears started to twitch; they could hear the dentist calling out complex numbers to the nurse who scratched her sharp pen on the desk. My whole body shivered from the cold draft that swept in like a horde of rats scurrying through an open door. Don't copy this coursework you rat. I saw a leather chair, which repelled me instantly and made me cringe because it reminded me of what I would be tilted back onto soon. I waited impatiently for the nurse to call out my name; the war between the dentist and me desperately needed to be over soon. I leant over and fiddled with my hands. There was also an old man Don't copy this coursework you rat. who seemed very tense, my eyes fixed upon him for a short moment and discovered small droplets of sweat forming on his bald head. As I leant backwards, my eyes started to shut. However, the sudden blow of air from an extractor fan woke me abruptly and I pushed my cold hands under my thighs to keep them warm. Don't copy this coursework you rat. I looked up at the clock, ticking almost as loud as the road drill I passed on the way here, my time was due. The shock made me sit up swiftly, trying to look confident and ready, the nurse came in, pointed at me and Don't copy this coursework you rat. said, ‘you're next. ‘ This made me slouch over in distress. Rising from this back aching position, I walked over to the room. This overjoye Don't copy this coursework you rat. d, bewildered man greeted me; my mind wondered why he was so happy; was it the pain he is going to inflict upon me? Or the slaughter he put the previous person into? ‘Usual check-up? ‘ After giving a faint nod as he glared over at me. Smelling for the usual, cheap soap smell that covered the room was Don't copy this coursework you rat. normal, no one could miss the filthy stench; the flavour of the soap settled in my mouth and under my tongue, making me pull a crooked face. The phone rang in the background, I thought to myself that I could be ‘saved by the bell' but the wretched receptionist, who bought me into this hellhole, answered it. The merciless dentist started to fill my mouth with his heap load of ironmongery, he jabbed at my gums, poked at my teeth, knocked them around and worst of all, took a needle, sharp as a newly p Don't copy this coursework you rat. olished, murderer's knife, and pushed it on my gums. I gave a gasp of pain and shot up, knocking the junk out of his hands, spitting violently like a hailstorm Don't copy this coursework you rat. nto the sink beside me as blood trickled from the centre of my large tooth. I turned to him, with a face full of hatred, but his only tactle Don't copy this coursework you rat. ss answer was, ‘sensitive teeth? ‘ At this point, my rage was taken over by my fear, as I leant backwards and signalled a sign for him to continue. I asked myself, dentists must be sadists†¦ As he fished around in my mouth, I noticed the old, damp ceiling, where the brown water rings were poorly covered up by harrowing posters of gum disease and pictures of peoples teeth who just so happened to have unsightly cavities across their mouths. I tried not to stare at the pictures for too long. To distract myself from the continuous Don't copy this coursework you rat. throbbing of my gums, after being brutally stabbed by, I fiddled with my hands, I scraped the leather chair I was in, and an extremely high pitched sound came out, I gave a slight shudder and just left my hands to lay beside me. It felt like a whole hour had passed by, but when I looked at the clock it had only been twelve minutes and 43 seconds to be exact. I starte Don't copy this coursework you rat. d to feel uncomfortable sitting and waiting for this building work to be completed. The man took put a small tool, and slowly turned on a switch, which started up the extractor fan. This suddenly reminded me of how it startled me earlier, this small machine seemed to clean and suck up dirt from Don't copy this coursework you rat. my mouth. However, all I saw it do was dry up the insides of my mouth and make me want to shut my mouth to Don't copy this coursework you rat. re-hydrate it. He switched the machine off and I sighed with relief because he convinced Don't copy this coursework you rat. me that the deed was over. No more for another six months was the usual occurrence. To my surprise he walked out of the room after, and mumbled something serious to the receptionist. He came back in and told me, ‘you must see me again ne Don't copy this coursework you rat. xt week, I have to remove some dead teeth that are softening your gums,' at the point where he said, ‘remove,' I instantly felt a heat wave pass through my head feeling like the sun had just burnt through my skull. I could not argue, there was nothing to say apart from, ‘have a nice day. ‘ My e Don't copy this coursework you rat. yes bounced up and down rapidly thinking of someway to get out of more, grievous harm to my mouth. My mind wondered what I had done to deserve this Don't copy this coursework you rat. unfair treatment, but then I remembered the nights of not brushing my teeth and date with a packet of wine gums and once, only once, for a whole week, forgetting to buy that toothpaste. I tried to escape the tooth prison without arranging a time for the next appointment. But no, with my extremely bad luck, I w Don't copy this coursework you rat. as ‘saved Don't copy this coursework you rat. ‘ by the dentist†¦ ‘You have to ask Miss Sassin here for an appointment date and time. Instead of making my anger obvious, I tried to put a silent curse on him and wished that he is run over on the way home. However, all I heard was ‘ask the assassin to point to the teeth she may kill. ‘ I was forced to make a date and time, on the spot. I declined all open appointments left between the next day and three months later, after that, the od Don't copy this coursework you rat. d pens ioner had booked their abnormal 7am appointments, but the rest were free, so there was no hope in begging to be excused any more. In 4 months, I was back, there to serve my time for committing the crime.

Macroeconomics Assignment Essay

Refer to the sets of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves. Use the graphs to explain the process and steps by which each of the following economic scenarios will shift the economy from one long-run macroeconomic equilibrium to another equilibrium. Under each scenario, elaborate the short-run and long-run effects of the shifts in the aggregate demand and aggregate supply curves on the aggregate price level and aggregate output (real GDP). Suppose the household wealth decreases due to a decline in the stock market asset prices (See the set of graphs below and pay attention to the 3-stage shifts in graphs). Answer: In graph one the decline in the stock market asset price causes the AD line to shift downward, decreasing. The long-run equilibrium in the first graph is the point where all three of the lines (LRAS, S1, and D1) are connecting. With a lower GDP, the aggregated demand curve shifts to the left (D1 to D2) creating a new equilibrium point at a lower price level. In the second graph it shows a higher supply with the increase in the SRAS (S1 to S2) curve. It will create a new long run equilibrium at a lower price level. In the last graph it shows both the shift in the AS curve from AD1 to AD2 due to the decrease and it shows the increase in the SRAS curve from S1 to S2 due to higher supplies. It shows both the old and new equilibrium along the LRAS curve. The first one being higher than the other when the shifts to the curves happened it caused the equilibrium to shift down the LRAS curve because of the lower price level. Therefore, there is a wealth decrease due to a decline in the stock market asset price causes the lines to shift causing the price level to lower and the output to increase. b. Assume the government lowers taxes, which increases the household’s disposable income. However, the government purchases (spending) remains the same. (See the set of graphs below and shifts in graphs) Answer: In graph one the aggregate demand curve shifts from D1 to D2 as government lowers taxes and household disposable income increases. It shifts outward to  the right because there is an increase because the quantity of output demanded for a given price level rises. The shift represents an expansion. The long run equilibrium is where the LRAS, AS and AD intersect with one another. The second graph the AS line shifts to the left from S1 to S2 because there is a decrease in aggregate supply caused by the increase in input prices. This creates two different equilibriums the second one is created from the shift in the AS curve. On the third graph it shows all the changes made to the economy through the AD/AS line shifts. The AS line shifts from S1 to S2 and the AD line from D1 to D2. The lower equilibrium shows when all three lines are intersecting. It is the contractionary policy causing output and the price level to decrease in the short run, but only the price level to decrease in the l ong run. The higher equilibrium shows agree when all three lines are intersecting. It is the expansionary policy causing output and the price level to increase in the short run, but only the price level to increase in the long run. 2. Suppose the economy of a hypothetical country has reached its long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap, inflationary or recessionary gap, will the economy face after the AD shock indicated by the shift in AD curves? What types of fiscal policy instruments will help move the economy back to the potential level of output (real GDP)? Give specific examples. a. At the long-run macroeconomic equilibrium, the stock market boom occurs and this increases the value of stocks households hold. (See the set of graphs below and shifts in graphs in the two-steps) Answer: A positive demand shock increases demand. Shown in graph one is the increase in the demand curve from SRAD1 to SRAD2 because of the positive demand shock. What an increase in demand does is cause more goods to be consumed at a higher price. This is why the shift occurs to the right of the demand curve because there is more of a demand for the goods being produced. An inflationary gap is when there is a gap between the level of real GDP and the potential output basically when the real GDP is greater than the potential. In the graphs because of the demand shock it shows an inflationary gap with the AS and AD curve intersecting on the right side of LRAS curve. In the second graph it shows that the government intervened in  order to bring the aggregate demand curve back down to its original place. Through the fiscal policy the government increased taxes to suck money out of the economy. The negative side is that it can create a sluggish economy and high unemployment levels. However, the government still has to use the fiscal policy in order to fine tuning the spending and taxation levels. b. The government increases its purchases (spending) due to natural disasters. (See the set of graphs below and shifts in graphs) Answer: To refresh a positive demand shock increases demand. The positive demand shock is occurring in the graphs due to the increase in spending because of the natural disaster. In graph one the SRAD shifts from SRAD1 to SRAD2, which is a sign of the positive demand shock. It means that more consumer goods are being consumed than produced. It causes the curve to shift to the right because of the increase in demand. This causes the government to take action in order to bring it back down to normal, stabilize it. The intervention is shown in graph two where the government stepped in and it brought the SRAD curve back down to its normal position SRAD3. An inflationary gap is in these graphs because of the shifts to the SRAD curve. An inflationary gap is when there is a gap between the level of real GDP and the potential output basically when the real GDP is greater than the potential. The inflationary gap is where the AS and AD curve intersect on the right side of the LRAS. Usually during an inflationary gap the government increases taxes in order to suck money out of the economy. This could also be done through the fiscal policy that dictates government-spending decreasing, which would also cause a decrease in the money circulation. The goal of the fiscal policy is to even out the business cycle. Assume the Central Bank reduces the money supply in the economy, which leads to an increase in the interest rates. (See the set of graphs below and shifts in graphs) Answer: A negative demand shock decreases demand. A negative demand shock usually encounters less quantity of goods being consumed, and the consumers still within the market pay a lower price for the good. Usually during these times  the economy wants to ignite the fire through decreasing taxation-giving people more money to spend. In graph one we see the negative demand shock happening when the SRAD1 shifts to the SRAD2. This change causes a recessionary gap where the SRAD2 and the S1 intersect. A recessionary gap usually indicates that the economy is about to fall into a recession, which is defined by the lower real GDP (level of income) then the full-employment level. This puts downward pressure on pricing in the long run. Consumer spending is down and businesses are not making considerable profits. During a recession means they need to pump money into the economy through the government creating jobs and wages. This happens with the government intervention in graph two where the SRAD2 goes back to the SRAD3. Reference Investopedia. (2014). Fiscal Policy. Retrieved from http://www.investopedia.com/articles/04/051904.asp Investopedia. (2014). Demand Shock. Retrieved from http://www.investopedia.com/terms/d/demandshock.asp Libby Rittenberg and Timothy Tregarthen. (2014).