This discussion board is intended to introduce you to the economics terms we will cover in the class. You are to explain the term that you have been assigned as a presentation to the class. Please refer to the website about Writing a Position Paper.
Open the discussion with a brief introduction to the topic. For example, you might use something like the following. “Like many disciplines, economics uses specific terminology to ensure complete understanding of the concepts employed. In this presentation, I would like to introduce you to the concepts of (the term the student is provided with).”
Define the assigned term in your own words. MARKET POWER
Provide an original, economics-based explanation of the term.
Provide a real/hypothetical contextual example (different from that provided in the text) of the term as it is applied to economics.
A idea is a mental image of a group of objects. In order to make sense of a complicated and diverse world, concepts are a technique to group or categorize things. For instance, the notion of “chair” encompasses a wide range of actual chairs, including tall, tiny, wooden, metal, old, new, fancy, plain, and so forth. We establish a common framework for comprehension, communication, and action through this grouping. One person can ask another to grab a chair from the next room without the second person having to come back with a table because we all share the same definition of “chair”! Similarly, we have similar ideas about “light,” “plant,” “home,” “road,” etc.
As time went on, the wall was revamped and braced by Hadrian’s replacements and turned into a long-lasting apparatus in the British commonplace scene; definitely something beyond a tactical design. Romanesque municipalities were worked along the wall arranged close to the watchman fortifications. The municipalities would be completely outfitted with shower houses, sanctuaries, and, surprisingly, full commercial centers.
In the cutting edge world, we don’t see Hadrian’s Wall as it was during the level of Roman rule, however obviously persuasive owners of the wall extra time made an honest effort to keep up with the “imagery and materiality of the Roman remaining parts.” The long stretches of the walls presence have permitted man and climate to destroy the wall so that its stones could be utilized to fabricate chapels, streets and farmhouses. Experienced planners have attempted to revamp the wall extra time and John Clayton is answerable for one of the most critical remakes. He bought an extended length of ranches along the focal part of the wall, and utilized the first stones that had fallen over the long haul to recreate it. Clayton likewise moved a large number of the occupants and networks that were worked close to the wall to areas further away in order to expand the walls perceivability.
It is reviving to know however that current Roman devotees can see a practically immaculate part of the wall among Chollerford and Greenhead known as “England’s Wall Country.” It is “a pristine locale of open fields, fields and lakes in the nation of Northumberland.” Chesters, a city about half mile west of Chollerford is home to one of the most mind-blowing unearthed wall posts. It promotes stays of pinnacles, doors, steam rooms, cold showers, the commandant’s home, and chambers where warriors loose. The most very much saved wall post in Europe to date is all situated at Housesteads in a similar district. The stronghold is looking like a square shape with adjusted edges, and “along its network of roads are establishments denoting the commandant’s home, regulatory structures, studios, storehouses, dormitory, emergency clinics” and that’s only the tip of the iceberg. One of the most Romanesque elements of the stronghold is the presence of lavatories; complete with wooden seats, running water, and a flushing framework to divert squander. England wouldn’t see these extravagances again until the nineteenth 100 years as Roman guidelines were not approached again until that time. Present day historical centers along the wall include numerous curios from the origi