The Market Forces of supply and demand Essay Example | Topics and Well Written Essays - 1250 words - 1

The Market Forces of supply and demand - Essay Example These two inter-relates in a situation whereby the producer sells the same quantity of a goods and services that the consumer is willing and capable to purchase. Since a market is a combination of the producer (sellers) and consumer (buyers) of a specific goods and service, the force of demand and supply has been used in the economics to refer to the general behavior of the market participants (Caballero, Hoshi and Kashyap 1947). The main characteristics of a market are that all goods and services are the same and have got a large number of buyers and sellers to curb the effects brought by a single person over the market price. In the economy, a market exists as a competitive field in which a variety of companies and business entities produce identical goods and service and strive to sell to their prospects. The type of market in operation maintains its’ existence in the economy because of their structure namely; a monopoly; which is a market structure where the market is controlled by one firm. Monopolistic competition is market where a variety of companies have a certain percentage of market share but they all differentiate their goods and service from each other to make them unique. Perfect competition is a market structure that does not have a limited number of firms that have an entry. It is generally free entry for all interested buyers and sellers. Another market structure is the oligopoly that has its’ operations dominated by few firms and have total control over the majority in the market share. In cases where there two firms are dominating and has full control of the market share, it is referred to a duopoly. Unlike in a monopolistic market structure where we only have one provider, in a monophony market, there is only one person to purchase the products in the market (buyer). In addition, there is a market structure

Unit 6 Seminar Public Health Essay Example | Topics and Well Written Essays - 250 words

Unit 6 Seminar Public Health - Essay Example In addition, barrier protections have been a routine part of all health care institutions in reducing the spread of disease. Riegelman (2010) define immunization as the introduction of antibodies/vaccine to strengthen the immune system and to prevent or control diseases (102). Immunizations are essential to the protection of the public because it prevent infection from bacterial and viral diseases, provide either short/long-term immunity, may effectively control outbreak, and can control 70-90% of substantial population with infections from contagious viruses. On the other hand, a number of disadvantages were also noted, among of which are: some diseases such as HIV/AIDS may not have effective vaccines, immunizations are rarely 100% effective particularly among the young and the old and can produce side effects such as allergic reactions, live vaccines may cause injury to fetus or diseases to those with reduced immunity, and immunizations through inactivated vaccine may not produce long-term immunity and thus requires follow-up vaccines/boosters. Barrier protections also include isolation and quarantine. Isolation refers to the separation of the individuals with diseases from healthy population in order to prevent exposure (Riegelman, 2010, 102). Isolation and quarantine have the advantage of controlling the spread of a number of infections and serve as the basic strategies for controlling communicable diseases such as HIV/AIDS, chlamydia, gonorrhea, and syphilis. However, isolation and quarantine may possibly break confidentiality of contacts’ information due to identification of individuals with diseases and follow-up of contacts. It may also lead to public recognition and social stigma placed upon affected individuals. Barrier protections such as immunizations, isolation, and quarantine encompass treatment of those with disease and their contacts and are all essential comprehensive