Microeconomics and property market Term Paper Example | Topics and Well Written Essays - 1750 words

Microeconomics and property market - Term Paper Example In ancient days however, when trade and commerce were still at their primitive stage, market competition was nearly absent and people distinguished the quality of goods according to the craftsmanship of the artisans. Property in those days mainly indicated physical commodities or tangible assets. But with the progress of civilization and the storm of globalisation sweeping over almost every nook and corner of the world, many transformations started taking place simultaneously. These transformations resulted to a renaissance of the social relations and some stringency in the rights of the people, including that of their ownership rights. So, property got a new definition as well. With greater and greater competition seeping into the eventually liberating market structure, people started ruminating way-outs to protect their respective domains in order to stick back in the market competition. That was when the concept of intangible assets got introduced. Intangible assets imply those th at do not have a physical existence but which can be legally owned by an entity. Hence today, the term ‘property’ actually implies tangible as well as intangible assets. The present paper deals with the short-run equilibrium or the market clearing conditions in the property market today. In economic terms, short-run is the span when one or more factors are fixed, so that people have to operate in a more constrained framework. The present study aims to clarify how equilibrium is attained in the short run in the property market and how even a slight external disturbance is capable of shaking its very roots. Broadly speaking, property comprises of two kinds of assets – tangible and intangible. However, a further dissection reveals that there are four main categories of the same, namely - stock of houses (for business or residential purpose), financial assets, developmental assets and

Psychology ; BEHAVIOR EXPLANATIONS Essay Example | Topics and Well Written Essays - 1500 words

Psychology ; BEHAVIOR EXPLANATIONS - Essay Example imed at the other spouse, however the interjection of myself or anyone else into the conversation (or even trying to speak with one parent immediately after the conversation) means that anger will refocus itself on whomever is speaking. The anger in the second case is non-specific and merely generalized so that nothing can be said or done without a negative comment on the part of the angry parent. There are five different basic research methods in psychology which are used to identify different behaviors and understand them better: case studies, naturalistic observation, correlational research, survey research and experimental methods. Case studies focus on specific cases, for example one person or one family; naturalistic observation relies on the direct observation of subjects in their natural surroundings and dealing with their normal stimuli; survey research is gathered through the completion of carefully crafted questionnaires that are distributed according to the research questions; and experimental methods will vary according to the research questions and possible subject candidates (Davis and Palladino -). Observing the natural way this behavior is cultivated is most helpful in understanding where it originates and how it might be changed. Naturalistic observation can help dissect parental anger over money because unlike any of the other basic research methods it offers a view directly into the repeating situation. It is, in fact, the natural situation itself that results in anger; Naturalistic observation is key to understanding this particular instance of anger because it is only with specific stimuli that this behavior is displayed. As the habit of opening the mail and sorting the bills is replayed over and over, the original anger and regret over not having the money to pay every bill resurfaces. Another factor is the behavior of overspending before it is time to pay bills; only by watching this situation can it be fully understood since no