Computer Market Essay Example | Topics and Well Written Essays - 2000 words

Computer Market - Essay Example Likewise, there are many other determinants of demand for a computer market such as knowledge and price barriers, social influences, lifestyle changes, and competitor and component prices, and so on. The world's second largest personal computer maker, Dell, launched its latest Inspiron 1525 laptop computer that features 15.4-inch HD definition wide aspect display with 720p resolution, a Blue-ray player disc drive and an HDMI port along with the basic features. Dell has been quoted as an example to guide through the learning of the economics of computer pricing. Recent years have seen fall in prices of personal computers even in the face of increasing demand. To study this further, it should be kept in mind that demand and supply control prices in a free market and increase in the supply of a product over demand causes the price of the product to fall. A free market can be defined as a market where the sellers and the buyers of a product are free to determine the price of the product and this is done by the law of demand and supply. Free markets are in contrast to controlled markets where factors determining prices are influenced by external parties. In a free market, however, the demand and supply for a product determines whether the price of the product increases or decreases. ... Determination of equilibrium price and quantity The determination of price depends on the type of market organization the product belongs to. In a competitive market, the point of intersection of market demand and supply curves determines the price that will prevail in the market. As in other competitive markets, the forces of demand and supply determine computer prices. In the diagram, P* is the point of intersection of the demand and supply curves and is called the equilibrium price. "The word 'equilibrium' denotes a state of rest from which there is no tendency to change" (Maddala and Miller, 2004). Price equilibrium occurs where the price that the buyers wish to buy matches the price that the sellers wish to sell at. The point C in the diagram describes a position of equilibrium in the market. When prices are above or below P*, i.e., P1 or P2, the market is said to be in disequilibrium. As can be seen from the diagram, supporting the price above P* creates an excess supply, whereas, fixing the price below that causes excess demand. Therefore, an excess demand would lead to an increase in prices whereas excess supply would lead to decrease in prices. When the demand for computers is high and there is shortage of supply of the same, then the balance of power shifts towards the seller. This is because of the excess demand in the market for good commodities. Conversely when demand both for computers and complimenting products is weak and when there is excess supply of the same available on the market, then the power switches to potential buyers. This is because there is a wide choice of products available and the buyers can afford to negotiate prices

Youth human rights perspective case study Essay

Youth human rights perspective case study - Essay Example In a lawsuit filed against the Department of Education of Hawaii or DOE as well as the Hawaii Board of Education, filed as a class action suit on behalf of three homeless families by the American Civil Liberties Union of Hawaii Foundation or ACLU Hawaii, Kaleuati III and the other plaintiffs alleged that actions by the Board and by the DOE, the matter of contention is the discrimination that children of homeless families faced, which made it difficult for them to acquire an education on the same footing as children from families with homes. The lawsuit prospered, and in the end the DOE took the course of coming to terms with the plaintiffs and with the lot of the homeless of Hawaii via a case settlement, rather than having to face the prospect of a long-drawn legal process where the outcome seemed to in favor of the homeless families/plaintiffs (American Civil Liberties Union). The lawsuit is interesting for the way Kaleuati III and the other plaintiffs argued that although legislation exists that was supposed to protect the rights of such homeless children to access to education on par with the access given to children from families with homes, practices and decisions by the DOE and by the Board relating to the education arrangements of homeless children had the effect of circumventing the law. The effect is that by intention or not, the rights of the children to equal and effective education access were violated. The law referred to here is the so-called McKinney-Vento Homeless Assistance Act, which has the following provisions: 1) funding to support homeless children equal access to education in public schools; 2) children are to continue to go to the schools they attend at the point of homelessness; 3) children are to be enrolled right away even without required enrollment documents; 4) the DOE is to provide means of transport to homeless children even when they move to other places to seek shelter