NONE Essay Example | Topics and Well Written Essays - 500 words

NONE - Essay Example This is the most popular and long lasting pedagogic economic notion and the best example in the combination of both economic and moral arguments that economists based on. Some of the aspects of the concept of just price, such as the production cost and the biased efficacy concept of value continue to be controversial. One group of scholars is for the view that just price concept is purely the modern marketplace price and functions similarly in the competitive environment. While on the other hand another group argues that, the concept does not describe the current market and gives principles that contradict the modern developments in our economies. Traders must reach to an agreement in which both the seller and the buyer will consider it fair (Wilson 56). Thus, the concept of just price, which advocates for mutual benefit, is among the best bequest scholastics to the economic thinking. The theory plays a vital role in the process of price determination in the current market. Human beings depend on each other and it is therefore morally wrong to exploit others through unfair dealings. On the other hand, traders must understand that the main purpose of creating goods and services is to satisfy human needs therefore, there should be fair rules and regulations to ensure efficient production and distribution of commodities to the people. Every private owner selling something does not only deal with his commodity but also deals with the necessity, which is common to himself and the buyer (Monsalve 7). There are some circumstances in which the just price theory becomes irrelevant acting in opposition to fairness in the current economies. Some of these include the condition of high number of buyers and shortage of goods and services together with the mode of sales and high sums of money involved. When goods are sold on credit, the number of buyers increases because they will not need cash to buy the goods and there is the risk of damages that must be put

Biological Science Essay Example | Topics and Well Written Essays - 1000 words

Biological Science - Essay Example In mitosis, all the daughter cells resemble the parent cell chromosomal number and configuration (diploid). 6. During meiosis, the daughter cells formed are genetically different; in mitosis, the daughter cells are genetically identical. 7. Meiosis causes gamete formation or reproductive cells; mitosis causes increased population of somatic cells and causes repair of worn out cells and replaces dead cells. The commoner cell division is mitosis because the number of somatic cells is far greater than the number of the reproductive cells. So, mitosis is the more frequent cell division. 2. Why is biodiversity so important Be detailed and discuss the various ramifications of losing our biodiversity. Biodiversity is the key to the survival of every species. The existence of a wide variety of species or other taxa of plants, animals, and microorganisms in a natural community is called biodiversity. The main importance of biodiversity is stability of ecosystem. It also provides huge amount of genetic material useful for humans. Biodiversity results in an interspecies relationships, such as, scavenging, commensalisms, proto-cooperation, symbiosis, etc. These interspecies relationships are caused by interaction between two species so that each can be benefited from it. Foodweb is an important part of ecosystem. More is number of species in an ecosystem, better will be the foodweb, which means scarcity of food can be prevented by biodiversity. Apart from this, it can attract tourists so that by ecotourism, the economic condition of the country can be improved. It can promote pharmaceutical research, and indirectly, it can protect our civilization. Loss of biodiversity affects the humans, animals, and nature. We know that quality of foodweb depends upon biodiversity, so biodiversity loss can decrease the food productivity causing prices of food to go up and even death in many cases. Chances of natural disasters also increase with loss in biodiversity. Biodiversity can keep a check on zoonotic diseases, so loss of it can increase health risks of humans from zoonotic diseases. Plant diversity is the source of economy for the country because it provides many products like, timber, fruits, wood fuels, etc. So damage in plant diversity can cause the downfall of economy. This might lead to labor problems too. Loss of biodiversity may lead to habitat destruction, which contributes to the extinction of the animals. Apart from these, geographically, the continuous loss of forests affects rainfall, hence can compromise the quality of water for household use. 3. Explain the following: biotic potential, carrying capacity, logistic vs. exponential growth. Biotic potential: Biotic potential is the maximum rate at which the population could increase. In ideal condition, the variables like maximum birth rate and minimum death rate are determinants of biotic potential. However, the biotic potential can be influenced by environmental resistances, such as, competition