Social Welfare, History, Values and Beliefs Essay

Social Welfare, History, Values and Beliefs - Essay Example From the essay it is clear that  the present day American culture began from as early as the past 10,000 years, upon the arrival of the Paleo-Indian from Europe, Oceania and Asia to establish the current United States. America is an ethically and racially diverse society with unique music, cultural, folklore and social practices. The great diversity of the United States is attributable to the massive immigration of people from different parts of the world during the historic period. Europeans including Irish, English, Scotts and Welsh bear great responsibility for influencing the initial shape of the American society. British in particular had greatest impact on American culture due to their close colonial links that fostered widespread use of the English language, use of British legal systems and adoption of general British cultural practices.According to the report findings  American culture is a collection of various elements that include liberal and conservatism ideologies, s cientific and religious competitiveness, materialism and morality as well as free expression. Besides the influences of consistent principles and ideologies, American culture is also awash with evolved indigenous Latin, Asian and African-American cultures. The seeming neutral nature of the American culture is an indication of integration of many cultures whose compatibility mostly depends on political ideologies, social class and various demographic factors.

Managerial Economics - Traded Firm and the Global Competition Research Paper

Managerial Economics - Traded Firm and the Global Competition - Research Paper Example In the leisure market due to the availability of large aircraft like Boeing 747 has made it very convenient and affordable for the common people for travelling and exploring new destinations for luxury purposes as well as business needs (The Airline Industry, 2012). With enormous growth in the airline industry the governments of many developing countries are reaping mammoth benefits and utilizing those benefits in spurring massive development in different sectors of the economy (The Airline Industry, 2012). But with this extensive growth many new potential competitors (airlines companies) are infiltrating the industry and there exists cut throat competition. The companies who are thriving in the industry are developing and implementing strategies on a daily basis for gaining competitive edge over one another. The company who loses its edge comes out of the market and has to shut down its business operations. The airlines industry is almost a perfectly competitive market where each pl ayers influence is minimal. The paper will discuss the market dynamics of Etihad airlines which is an Asian airline with the price elasticity of its products, cost structure, strategic decisions and recommendations which will allow the company to strive in this highly competitive airlines market. Propulsive expansion in the Asian airline industry As Etihad airline is an Asian airline and so highlight will be entailed on the current Asian airline industry. The Asian airlines industry despite of some exceptions have encountered tremendous recovery from the year 2008/2009 which was predominated by deep recession which adversely affected the global demand for air travel and air freight. There has been an escalated expansion in the numbers of passengers, premium travels and so on. The load factors of Asia Pacific airlines have recovered and have surpassed the peak levels of 2007. A large part of this can be attributed to the cautious move made by these airline companies in reinstating th e capacities cut during the economic downturn. This has led the industry to either raise ticket or the cargo charges or that of reducing the discounts previously offered. The rise in the number of passengers and higher traffic has yielded positive results reflecting in the operating profits for most of the airlines. Although the hike in the jet fuel prices have been a symptom of worry for the airlines. Since the year 2009, the price of the jet fuel has multiplied around two times keeping in line with the rise in the price of the crude oil. Higher fuel prices are indeed an important constraint which hampers the present profitability as well as the future growth trajectory of the companies (Seah & Yusof, 2010, p.1). Etihad airways -Legacy Etihad Airways is a national airline of United Arab Emirates. In eight years the airline company has been able to establish itself as one of the world’s leading airlines company. The airlines company was established by Royal (Amiri) Decree in July 2003 and has been able to establish itself as fastest growing in the commercial aviation history. The airline’s fleet of around 66 aircrafts has the operation capacity of 1000 flights per week. The airline provides serves unparalleled network of around 84 passengers and cargo destinations in areas like Middle East, Africa, Asia, Australia and North America. The company also owns around 30 percent of airberlin which is the sixth largest carrier and 40 percent of Air Seychelles. The