The Wireless Telecommunications Industry

The wireless Telecommunications Industry Wireless communication is one sector of business that has undergone phenomenal growth over the past few years. The number of individuals using mobile devices like cell phones, I phones, laptop and palm to computers has drastically increased even in the developing and third world countries. This growth in market has attracted a lot of attention in this sector attracting new entrants to compete with the traditional communication giants.Advertising We will write a custom term paper sample on The Wireless Telecommunications Industry specifically for you for only $16.05 $11/page Learn More Monopolies are described in economics as the existence of a firm or corporation that has so much control over the market that they have a significant influence on whether a new entrant in the market will succeed or not and if they do enter, on what terms (Heywood and Guangliang, 2009). Monopolies are generally discouraged in most eco nomies with laws put in place to regulate it. Certain monopolistic behaviour can sometimes play to the disadvantage of the smaller new entrants thus the need of regulation to avoid unfair competition. Oligopolies on the other hand are markets whereby there are just a few product or service providers. This is normally characterised by stiff competition and marketing strategies that always have the competitor’s reaction in mind. Oligopolies have sometimes been perceived better than monopolies because the end consumer then has a sense of choice and the cost of products and services are self regulated (Heywood and Guangliang, 2009). The wireless communication industry is probably one of the best examples of oligopolistic markets. For many years there have been just but a handful of wireless communication firms dominating the market. The main players have been Nokia, Samsung, Sony Ericsson and LG; but with growing markets, new entrants have been attracted into the market. The i ph one by apple is probably the best example of a new entrant. Apple focussed on great innovation to take mobile communication to a whole new level. They came up with the I phone that allows the users to get their e mails directly on their phone just like text messages while supporting all the other conventional phone features. China has also come into the market with phones similar to the ones made by the original players. All these combined have put pressure on the traditional top players both in terms of pricing and innovation. The china phones are a lot cheaper but perform all the functions as the original phones plus extras like TV reception. I do not however think that the competition can push out some players because despite the cheap prices, the cheap phones have some downsides like shorter lives and poor batteries. The traditional leaders are therefore almost guaranteed to keep the upper class markets.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The stock prices of the big firms are not likely to be affected because if the firms maintain top quality products then their reputations will remain protected. Reseller phones now available in the market are likely to work against the cheaper Chinese phones rather than the large firms because of the prices. The big firms in the market are only likely to change their strategies in separating their markets. This they can easily achieve by dedicating a department within their firm to cater for the lower end market by providing good quality phones but at affordable prices. This would take care of the competition from china. They would also need to invest in innovation to counter competition from the ever emerging new technologies. They would also need to diversify their products to include other services. The graph below shows how these services were distributed in Japan (home of the giants in telecommunications in dustry) for the year 2009. Products Services Figure 1. IBISWorld (2009) After all is said and done, it is the end consumer that is bound to benefit from all this competition and innovativeness because they will get quality products at affordable prices. References Heywood, J., Ye, G. (2009). Delegation in a mixed oligopoly: the case of multiple private firms. Managerial and Decision Economics, 30(2),  71- 82.Advertising We will write a custom term paper sample on The Wireless Telecommunications Industry specifically for you for only $16.05 $11/page Learn More IBISWorld .(2009). Products and services[pie chart]. Retrieved from IBISWorld, Wireless Telecommunications Carriers https://www.ibisworld.com/industry-trends/market-research-reports/information/broadcasting-telecommunications/wireless-telecommunications-carriers.html This term paper on The Wireless Telecommunications Industry was written and submitted by user Braelynn Mccarthy to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Debt Ceiling And Government Shutdown Example

The Debt Ceiling And Government Shutdown Example The Debt Ceiling And Government Shutdown – Coursework Example The Debt Ceiling and Government Shutdown The debt ceiling controls the amount of money the US government can borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds and other payments. The debt limit does not authorise new spending commitments. It is usually set by the Congress. Thus the US government has to borrow; however, being at the debt ceiling it can’t borrow. The current US national debt as of 2/3/2014 at 2:56:10 pm GMT is $ 17,434,039,917,453.87Thus with the debt ceiling, government spending would be cut to the point of spending equals tax revenue. Such a big decline in government spending could mean recession and would have catastrophic economic consequences. It would cause the government to default on its legal obligations, which would precipitate another financial crisis and threaten the jobs and savings of everyday Americans. Thus the most secure debt on the world would be seen as risky, causing an increase in interest rates for US government borrowing.My biggest surprise was the fact that all government obligations could come to a halt if the Congress failed to increase the government’s borrowing limit. It really caused a lot of anxiety and almost put the US right back in a deep economic hole, just as the country was recovering from the recent recession.Thus increased government borrowing means more spending which translates to more jobs, expanded economy, lower interest rates and thus a better GDP for US.As on December 12th 2013, debt held by the public was approximately $12.312 trillion or about 73% of Q3 2013 GDP.Intragovernmental holdings stood at $4.9 trillion (29%), giving a combined total public debt of $17.226 trillion or over 100%GDP.Work Citedcnbc.com/id/101117410usdebtclock.org/treasury.gov/initiatives/pages/debtlimit.aspx

Minimum Variance Portfolio Assignment Example | Topics and Well Written Essays - 500 words

Minimum Variance Portfolio - Assignment Example It shows the rates of stock for a year running. This MVP analysis was be preceded by the calculation of correlation matrix of the stocks as well as their standard deviation variance. Both this values are indicated in the Microsoft Excel attachment. During the calculation of the correlation matrix and the standard deviation variance, maple concepts were used. This section of the paper is going to test and prove the validity of the procedures and statements used in order to ascertain that no syntax errors were committed during the process. This can be proven as follows: Use of the colon and comma: in maple, statements must end with a colon and arguments separated with a comma (Monagan, Geddes et al., 14).For instance, during the development of correlation, for example, inStandard Life stock, we use the formula =CORREL(N3: JF3, N3: JF3). The comma shows the distinction between the two arguments while the colon relates one variable to the other. Use and match of parentheses: a maple can only be executed if the arguments are enclosed in parentheses. The opening parenthesis must be similar to the closing one(Monagan, Geddes et al., 19). In the attached case, all the males have the parentheses () matching in all stocks. The syntax provided is an M X M square matrix of stocks, as shown in the attachment. The correlation coefficient between i and j (for example between Standard Life and Resolution) is given by the (in) element. All diagonal elements are 1.0000 since this is a correlation of variables with themselves(Monagan, Geddes et al., 59). Divide the value of each stock with its proceeding one and subtract one from the result; which in our instance we are going to take Standard Life as an example. The standard deviation presented on 1/1/2013 is determined as the value of the stock on 1/1/2013 divide by the value of 31/12/2012 and subtract one from the result. Mathematically, this is: (332.1/334.6) – 1 to get -0.0075. We do the same for the standard deviation of all stocks for each day, and this has been done on the red coloured parts of the Excel attachment that extends from cell N3 to cell JG3.  Ã‚