Business Economics Assignment Free Essays

When we speak about the factors of production, in that respect are some overlapping categories. Economic experts have used the four general factors of production (Land, labor, capital and entrepreneur) from the very early stage. These factors contribute a large portion of the industrial revolution in the sass, because the factors of production, especially entrepreneurs were largely split into groups. We will write a custom essay sample on Business Economics Assignment or any similar topic only for you Order Now Labors, for instance, seldom owned capital or land, nor did they begin their own business. Land lords almost never did manual labor, nor did they become owning factories. In the olden days (18th century) entrepreneur, labor, capital and land, were not just four categories Of factors f production, they were four different socio-economic groups. Traditional Business Vs.. E-Business When we compare traditional business and e-business, both are similar in scope to the competitive marketplace. Although a brick-and-mortar shop and an online marketplace are both â€Å"real,† they appeal to different characteristics, display their goods through different methods and offer consumers different levels of pricing, service and comfort station (Christina Hamlet). The following are some of the significant differences of traditional business and E-business. Needs Assessment The nature a small business and the type and quantity of customer interaction it requires to be successful dictate whether you call for a physical address or a practical one. For instance, you’re providing writing, copy-editing, consulting, and accounting or billing services. While, your primary interface with your guests is by telephone, email and fax, negating the need for workspace beyond a home office. On the other hand, a small business in which you sell cosmetics, jewelry, graphics, furniture or home equipment will require display space, changing rooms and proper storage. Page 4 As a single business proprietor, you are just equally likely to desire about its libeling, whether it’s far away or close. To sort tryout work life from your personal life has been normally a larger challenge when personal life and work life live under the same roof. The anytime availability environment of e- business makes it to start knowing yourself as accessible to your customers round-the-clock, something that would not go on if you kept traditional hours at a shop. Legalities and Expenses Traditional Business and e-businesses both require you to possess a business permit. Registering your business name with the registrar, acquiring a tax ID number, examining local zoning and licensing regulations, acquiring insurance pertinent to your needs and creating banking relationships are critical steps in setting up shop in either Traditional Business or e-businesses. While telecommunications expenses, office supplies and a marketing or advertising budget are necessary expenses in both traditional and commerce. But, in the traditional commercial enterprise model has more overhead expenses such as lease, staff salaries and other benefits, maintenance costs and expenses incurred for security arrangements, however, e-business operate from a home Office, which utilizes mostly existing facilities. Customer Convenience Since e-business is available 24 hours (24/7), customers are freer from the challenges, like, difficulties in reaching the shops due to bad weather or difficulties in parking, than a physical shop located across town, which is normally open five days a week for a specific time period. E-commerce not only save customers’ time and energy, it also, avoids customers from paying sales taxes, offer more outlets to compare stores. However, most of the customers need to inspect the sellers personally, take advice as well as support and be able to bear the goods home immediately instead of paying hipping costs and waiting. However, a traditional business satisfies those needs by producing an environment, where customers can deal face to face. Page 5 In economics, the market structure is the number of firms producing similar products which are identical. The following are some of the significant market structures of today’s business environment. Monopolistic Competition In these markets, there is a large number of firms, each firm is having a small proportion of the market share and slightly differentiated products. It is a marketplace, where a miniscule number of firms that together bear the ajar share of the market. Monopoly This is a market condition, where there is a single supplier Of a product or service. Perfect competition The Perfect Competition Structure is a theoretical structure that features no barriers to entry, an unlimited number of producers and consumers, and a perfectly elastic demand curve. The continuous evolution of technology is changing the way we do business, the dynamics of the workplace and what we perceive is possible. During the last 10 to 15 years, the technology is extremely changing the approach and the production processes. Significantly, the continued evolution of electrification and Information Technology is increasing the ongoing translation of the business environment to hold advantage of available tools and opportunities (Rosily Frenzy). In some countries, there can however be arguments between the traditional practices and the modern business methods that can be realized through technology. This might be that decision makers still have not fully appreciated for the irrecoverable changes that technology had brought to the business methods. Indeed, to get these changes, the key role is played by internet. The Internet is quickly becoming the base of choice for e-commerce. Because it offers a universal and user friendly set of technology, which can be used by all organizations, no matter which information technology platform they use. Moreover, this technology offers a much cheaper and easier replacement for management activities than traditional methods. Business organizations can utilize Internet technology to decrease their operational and administrative expenses. Fundamentally, internet technology lowers the cost of data processing, sending and storing of data while producing that information more widely useable. Page 6 By using Internet and other networks for e-commerce, organizations in some industries can make transactions directly with clients and suppliers. The Internet can assist companies for the production and making profits in new ways by adding special value to existing products and services. In many e- commerce platforms, like Ebay, Alabama or Amazon creates information brokers, virtual storefronts, transaction brokers, online marketplaces, online service providers, content providers, virtual communities, and online portals. Following are some of the enhancements brought by information and digital technology. Productivity The usage of computers has changed the work environment and the speed Of ark in the past days. It pushed down the cost of data processing, and the simplicity with which large volumes of data can be manipulated by and transferred between several units within the business organization. And also, thus increasing the processing power along with the extensive range of standard and customized hardware and software. This resulted in changing employer and client expectation of work quality and output, at the employee and organizational levels. Banking services are good examples of this point. A wide range of services are giving through internet or intranet which involves a number of different footwear and hardware. Some of the services supplied by financial institutions with the help of technology is ATM and internet banking services. Today, most of the banks realize that they should change the way they do business to take maximum profit. For instance, America’s most go-getting banks were SSH fitting from acquisitions to providing Internet-based financial services (John McCoy) Collaboration In a situation, where persons might not be in office to physically interact with clients, technology is providing a number of connectivity choices that facilitate continued discussion and collaboration among work forces. Options can low both the real-time and non-real time communication, and also they can integrate into a platform of specialists to access and use of different tools and features. For example, people can buy and sell on Ebay at any time, in addition to that, buyers and sellers can communicate real time or non-real time. Some of the other famous online stores are Amazon, Alabama, best buy etc. Page 7 Resounding With the help Of technology, business organizations find new ways Of increasing their resources. Cloud computing is a good example, which offers a large scope of resources, such as computer applications, online storage and processing power. By the help of the cloud technology, companies can decentralized or delegate different aspects of their businesses to either affiliate or third parties. For example, Google provides online storage, which allows organizations as well as individuals to store and share their documents whenever they want. Interaction and participation Customer interaction and participation is readily apparent through the impact Of social media in business. In addition to providing a platform for the distribution of information, marketing and promotion, social media creates an environment to generate feedback from consumers and the public. Many organizations are starting to take advantage of the chances to secure feedback on their products and services (Jack Supple and Michael Schmaltz). A good model for such platform is Faceable, which offers a number of chances for the purpose of marketing and promotion as well as sharing information and cool electing feedbacks. Cost management While performing in a competitive marketplace, Organizations are continuously trying to manage the operational costs and to control spending. To accomplish this goal, technology has provided a platform with cost effective alternatives, such as skilled labor and computing resource outsourcing. This result, increasing productivity, efficiency and individual performance. The financial results of the top 25 e-commerce platforms including the AOL, eBay, Yahoo and so on, all together generated about $5 billion in revenue and spend around $1 billion last year (Ion McCoy). For example, Banks and Airlines. Processing an airline ticket on the Internet costs $1 , compared with $8 through a travel agent (the Economist). Page 8 Efficiency and optimization At last, this stage is a very significant outcome of most of the points brought up earlier, since there is a higher expectation of the organizations becoming more efficient. In traditional business models, one of the greatest challenges that organizations have confronted is that although they might be very open about what their core objectives might be, considerable attention on financing, workforce, management, and etc. Had been given to supporting activities and processes to the core business. However, technology based companies have more choices through which to move their efforts towards the most important natural processes that they must manage, thereby increasing productivity and output. Effects on factors of production In today’s business world, the factors of production are used in different says. Let’s take the four factors of production to measure the impact of information technology. Land In recent days, the number of businesses moving to e-business are increasing and the amount of physical stores is decreasing. This reduces the demand for land and increasing availability Of land at a cheaper rate. Labor When organizations are focusing more on internet based activities, the involvement human activities are turning more depressed. How to cite Business Economics Assignment, Papers

Nebobites Ethical Dilemma free essay sample

This case involves a small public traded company named Nebobites, which manufactures dog treats. Jenny O. , CPA, is the new Assistant Controller for the Nebobites’ company, and her job is to review and audit the financial statements for the 2012 year. While reviewing the financial statements, Jenny noticed the company’s Allowance for Doubtful Accounts balance seemed significantly higher than in the past. This increase in the Allowance account was due to the Bad Debt Expense estimation being based off 3% of net credit sales instead of the prior years’ estimate of 1. %. The increase in Bad Debts expense as a result of the increase in estimate materially affected the 2012 earnings. However, 2012 had been a great year for earnings, so the additional expense did not disturb the earnings growth trend Nebobites’ had experienced in the past. However, upon further research, Jenny could find no justification for the increase in the Bad Debt Expense estimate from 1. 5% of net credit sales to 3%. Jenny decides to approach her boss, the Controller, Maxwell Devious. He tells Jenny he is aware of the practice known as â€Å"income smoothing. Maxwell Devious says showing a steady growth in earnings was essential to keep the Nebobite stock price high as possible as the Smith family planned to sell-off a significant number of shares in early 2014. Jenny feels extremely uncomfortable with this practice, and she knows that this year’s financial statements will retain an overstated Bad Debt Expense estimate and more than likely result in an understated Bad Debt Expense estimate in 2013. 2. An ethical decision must be made by Jenny, because she is going to have to decide what is morally right or wrong. This fake presentation of increase in earnings will potentially affect every stakeholder involved with the company including their shareholders, creditors, management, employees and the customers. This faulty practice will leave an overstated Bad Debt Expense estimate for the year and more than likely result in an understated Bad Debt Expense estimate in 2013. Jenny needs to decide whether she thinks it is more important to look profitable to investors and appear to have greater wealth or is it more important to show creditors that they do not have sufficient funds to cover their debts. She also knows that Maxwell Devious, the Controller, has an employee profit sharing plan, a management bonus plan based on earnings, significant bank loans outstanding and is planning on raising funds through a bond issue in 2014; all of these are affected by the earnings for the year. 3. By deciding not to change the estimate back to the appropriate percentage of 1. 5%, it does single out individuals and the upper management group. These individuals that are Jenny’s superiors simply do not want her to make the adjustment because it is in their best interest (looking profitable amp; performance bonuses) and not in the company and its stakeholders’ best interest as a whole. It is also a legal violation because the company’s CEO and other top-level personnel should swear that all financial data for the company is relevant and accurate, and they knowingly defy corporate policies and the GAAP. 4. In this particular situation, Jenny is faced with a couple options; some of which are favorable, others not so much. Jenny can choose to abide by her scandalous boss, and decide to go along with the inappropriate change in estimate. This choice may blow over for the time being, but in the long run, Jenny and the company may be audited in the future exploiting their mistakes made in the 2012 financial statements. This could cause Jenny to be immediately terminated when the mistakes were finally found, as well as the possibility of jail time after an investigation and trial. Another possible route Jenny could take would be to report the inappropriate practices to an outsider’s attention, such as an external auditing firm. By doing so, she could save her job possibly for the time the company is being investigated, but may later be fired. Although she will eventually have to find a new job, this choice may save her from being in trouble with the law and potentially boost her chances of finding a new job due to her discovery at Nebobites. Another final option that I would see plausible in this situation would be to simply quit, if the Controller did not want to change the estimation and swear on the financial statements. The legal risk is too high in the case, and you do not want the downfall of Nebobites to be on your shoulders. 5. By deciding to go along with the inappropriate change in estimate, Jenny’s job may be safe for the time being, but in the long run, Jenny and the company may be audited in the future exploiting their mistakes made in the 2012 financial statements. This could cause Jenny to be immediately terminated when the mistakes were finally found, as well as the possibility of jail time after an investigation and trial. This is morally and legally wrong because she knowingly goes against corporate policies and the generally accepted accounting principles in order to reap the benefits. By reporting the inappropriate practices to an outsider’s attention, such as an external auditing firm, she could save her job possibly for the time the company is being investigated, but may later be fired. Although she will eventually have to find a new job, this choice may save her from being in trouble with the law and potentially boost her chances of finding a new job due to her discovery at Nebobites. By choosing this option, Jenny acts in a dignified and legal manner. She knows that she is doing what is right and is protecting stakeholders of the company. The other option of simply just resigning or quitting her position would not have much effect on the company. She is acting morally because she is not going along with the inappropriate practices of Nebobites, but she is not doing what is in the best interest for all stakeholders. The company will most likely find a new Assistant Controller for the operation who will go along with the unlawful scheme. This ultimately resulting in the downfall of the company, when Jenny could have prevented this and saved thousands of jobs by alerting an outside auditor. 6. By alerting an outside auditor to investigate this situation, Jenny does what is in the best interest for all stakeholders. This will eventually reveal the truth and allow shareholders to see the negative affect on stock prices, creditors can be informed on the debt situation of our company and be aware of the risk of dealing with us. Management will be disappointed with the actions of Jenny, in which they sacrificed their performance bonuses and will most likely fire her. The company will still have a chance to flourish, however, when the economy turns back around. By keeping the inappropriate estimate, Jenny will most likely be in the praises of her superiors for the bonuses they received; but, in the longer run, the company’s financial statements will be inaccurate and liabilities to creditors will go unpaid. Shareholders will actual lose more money and the company has the potential to go bankrupt any day if the economy does not take a sudden turn around. The top executives, as well as Jenny, should live in fear of being exploited of their misinterpretations and eventually will get caught up in severe legal trouble. If Jenny simply quit without seeking outside assistance from auditors, she is still acting in a somewhat immoral and illegal manner. This is because the stakeholders of the company will inevitably still be in serious trouble due to the deception of Jenny and the upper management of the Nebobites’ company. . I believe that it is in the best interest for Jenny to consult an outside auditing firm. Although it could potentially make her lose her job when her superiors are notified, it enlightens all stakeholders involved with the Nebobites’ company. The risk is too great if Jenny decides to leave the inappropriate estimate as is; she risks not only losing her job, bu t also risks going to jail, as well as losing her CPA license entirely. It is worth far more in life to be an honest and truthful person who looks out for others than it is to be a deceitful and uncaring.

Frustration and Its Consequences

My friend Deb really frustrates me with her illness issues. Deb and I graduated from high school together and have remained close friends throughout the years. About five years ago, doctors diagnosed her with fibromyalgia and rheumatoid arthritis. Since then, her behavior has changed to somebody different, which actually frustrates me.Advertising We will write a custom essay sample on Frustration and Its Consequences specifically for you for only $16.05 $11/page Learn More I however, sometimes feel that Deb’s behavior does not come from her illness; it has become a mental problem, which frustrates and worries me. My thesis in this essay is that Deb’s behavior is no longer a result of illness but mindset. Based on her condition, I will demonstrate how her mentality has changed her behavior. Deb is always reflecting on the illness. While in high school, Deb was a bubbly, outgoing and a fun person; since the diagnosis however, she has changed from that kind of a person to someone who complains constantly of some illness. Even at times when she is not suffering from any pain, she complains of how she suffered the previous night or how she is likely to suffer the coming night. Her plans and thoughts revolve around the illness and this ends up frustrating all our plans. If we have made plans to do something, inevitably and regrettably a day or two before, she will call and cancel due to illness. The illness of other people reminds Deb of her sickness even when she is not suffering from any pain. My little knowledge on fibromyalgia informs me that people with this condition experience pain periodically, not as frequent as Deb insinuates. What frustrates me further is that when other people note to have a cold, sore back or anything, she will change the subject to her condition and something worse. Why should the situation of other people worsen her ill condition? I attribute this to her mindset. Looking at her physically, ev en when she is not suffering, she seems disturbed. She is always concerned about pills and her doctor. Whenever we are moving out, she has to carry her pills. This has set her mind such that she carries the pills even when she is not going far from the house. She always needs a pain pill for this or need to go to the doctor for that, and honestly this behavior worries and frustrates me.Advertising Looking for essay on psychology? Let's see if we can help you! Get your first paper with 15% OFF Learn More While sometimes I can justify her need for the pills, her carrying the pills most of the times is habitual. I am afraid that she is becoming addicted to being sick and the pills. In fact, she is ever discussing her encounters with the doctor, which frustrates me. I love her and just want her to get back to the person I initially knew. I am ever in contemplation on how to help her. Sometimes I think of consulting a psychiatrist for her situation but since she is so engro ssed with the fibromyalgia doctor, I find it difficult to convince her. In fact, it might cause more damage to her condition. I am therefore frustrated and I do not know how to help her. Her addiction to being sick, pills, discussing about her doctor and her illness really disturbs me. We no longer share the moments we used to; no outing or fun any more. Her illness has considerably affected her and her behavior is no longer a result of the illness but the mindset. In life, things are formed twice; in the mind and in reality (physically). Therefore, it appears Deb has formed a sickness in her mind and that’s what manifests in the physical. This essay on Frustration and Its Consequences was written and submitted by user Ada O. 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.

Direct-Object Pronouns in Spanish

Direct-Object Pronouns in Spanish In Spanish as in English, a direct object is a noun or pronoun that is directly acted upon by a verb. In a sentence such as I see Sam, Sam is the direct object of see because Sam is who is seen. But in a sentence such as I am writing Sam a letter, Sam is the indirect objects. The item being written is letter, so it is the direct object. Sam is the indirect object as one who is affected by the verbs action on the direct object. A difference with Spanish, however, is that the set of pronouns that can be direct objects differs slightly from those that can be indirect objects. The 8 Direct-Object Pronouns of Spanish Here are the direct-object pronouns along with the most common English translations and examples of their uses: me - me - Juan puede verme. (John can see me.)te - you (singular familiar) - No te conoce. (He doesnt know you.)lo - you (singular masculine formal), him, it - No puedo verlo. (I cant see you, or I cant see him, or I cant see it.)la - you (singular feminine formal), her, it - No puedo verla. (I cant see you, or I cant see her, or I cant see it.)nos - us - Nos conocen. (They know us.)os - you (plural familiar) - Os ayudarà ©. (I will help you.)los - you (plural formal, masculine or mixed masculine and feminine), them (masculine or mixed masculine and feminine) - Los oigo. (I hear you, or I hear them.)las - you (plural feminine formal), them (feminine) - Las oigo. (I hear you, or I hear them.) The differences between these pronouns and the indirect objects are found in the third person. The indirect third-person pronouns are le and les. Note that lo, la, los, and las can refer to either people or things. If they are referring to things, be sure to use the same gender as the name of the object being referred to. Example: Where the noun is masculine: Tengo dos boletos.  ¿Los quieres? (I have two tickets. Do you want them?)Where the noun is feminine: Tengo dos rosas.  ¿Las quieres? (I have two roses. Do you want them?) If you dont know the gender of the direct object, you should use lo or los: No sà © lo que es porque no lo vi. (I dont know what it is because I did not see it.) Word Order and Direct-Object Pronouns As you can see from the above examples, the location of a direct-object pronoun can vary. In most cases, it can be placed before the verb. Alternatively, it can be attached to an infinitive (the form of the verb that ends in -ar, -er or -ir) or a present participle (the form of the verb that ends in -ndo, often the equivalent of English verbs that end in -ing). Each sentence in the following pairs has the same meaning: No lo puedo ver, and no puedo verlo (I cant see him).Te estoy ayudando, and estoy ayudndote (I am helping you). Note that when the direct object is added to a present participle, it is necessary to add a written accent to the last syllable of the stem so that the stress is on the proper syllable. Direct-object pronouns follow affirmative commands (telling someone to do something) but precede negative commands (telling someone not to do something): està ºdialo (study it), but no lo estudies (dont study it). Note again that an accent needs to be added when adding the object to the end of positive commands. Le as a Direct Object In some parts of Spain, le can substitute for lo as a direct object when it means him but not it. Less commonly in some areas, les can substitute for los when referring to people. You can learn more about this phenomenon in the lesson on leà ­smo. Sample Sentences Showing Use of Direct Objects Direct objects are shown in boldface: Me interesa comprarlo, pero ms tarde. (I am interested in buying it, but much later. The me in this sentence is an indirect object.)Tu nariz est torcida porque tu madre la rompià ³ cuando eras nià ±o. (Your nose is bent because your mother broke it when you were a boy. La is used here because it refers to nariz, which is feminine.)Puedes vernos en el episodio 14. Nos puedes ver en el episodio 14. (You can see us in Episode 14. Both of these sentences mean the same thing, as the direct object can either come before the verbs or attached to the infinitive.)Te quiero mucho. (I love you a lot.) Key Takeaways A direct object is a noun or pronoun that is acted on directly by a verb.In Spanish, direct- and indirect-object pronouns can differ in the third person, unlike in English.When the direct object of a verb is the equivalent of it, in Spanish you need to vary the gender of the pronoun according to the gender of the noun being referred to.

Financial Crisis in South Korea Essay Example | Topics and Well Written Essays - 2250 words

Financial Crisis in South Korea - Essay Example Indonesia, South Korea and Thailand were the countries most affected by the Asian economic recession. The economic growth of Indonesia slowed down from an average rate of between 5% and 7% to 4.7% in 1997. Forecasts for 1998 and 1998 showed a negative 12% growth, and inflation rate was predicted to soar to 66%. In 1998 rupiah's value declined by 80%. As a consequence of the devaluation, the country's foreign debt multiplied.. Simple economic theories would explain how the devaluation of baht affected other economies. A devaluation of any local currency implied an increase in the cost of imports. Crane stated that in Thailand, such devaluation meant inflation in fuel and food. Reports said that overall prices soared 4.9 percent in July 1997 from the previous year. The surge in rice and flour prices was even higher, at 42%. In the Philippines, interest rates reached 33.5 percent in September 1997 from the previous week's 12 percent. This was for the peso to sustain its value or at least slow down its decline. Inevitably, interest rates on credit cards, mortgages and personal loans would also increase. Malaysian Prime Minister Mahathir Mohamad blamed the IMF for the economic decline. He believed bracing the stock market with public pension money would resolve the issue. Martin Hart-Landsberg and Paul Burkett's "Economic Crisis and Restructuring in South Korea Beyond the Free Market-Statist Debate" offers an analysis of the causes, nature and consequences of the restructuring process of post- Asian crisis South Korea. In the process of identifying the causes, the authors discussed the various aspects of restructuring and reform. The article studied the cause of the country's monetary decline from two standpoints: the... Researchers proposed financial-crisis models as long-term solutions for South Korea and as tools to forecast economic conditions. There were two models: the weak-fundamentals view and the financial-panic view. Based on the weak-fundamentals perspective, a country’s weakness in macroeconomic or financial fundamental triggers the abrupt backflow of capital. This called for radical reforms and support to see things through. On the other hand, the weak-fundamentals view predicted a slow recovery because it took a while before creditors and other financial institutions were able to complete the auditing and accounting process and recognition of losses was not made instantly. However, economists claimed that neither of the two views above proved helpful in the Asian-crisis recovery. The fast recovery of Korea since the economic recession misrepresents the observed social and political developments. The election of Kim Dae Jung to power symbolized the bureaucracy’s adoption of a politically neutral institution. The state has manifested social maturity by valuing loyalty to the institutions of governance as opposed to loyalty to the institutions of the few privileged groups.

Comparative Law ( Global Legal Realism as common sense) Essay

Comparative Law ( Global Legal Realism as common sense) - Essay Example eign case studies are generally cited in the local legal discourses within the United Kingdom and Nigeria, despite the existence of home-grown moral realism foundations reflecting the richness of the history of each country. The import of international bodies of law and provisions in both countries is normally regulated by realist and positivist influences. This paper will examine comparative legal culture, the role of realism and positivism in Nigerian and English legal systems. Watt (2006) argued that if comparative researches on law were basically aimed at upholding their consistency in teaching the effect of global developments on the already available local cultures; how they interweave and merge; and their persistence, then the focus of interacting systems should be modified in order to guarantee a higher level of consistency. The researcher seeks to assess the manner in which international comparative law as a faculty is impacted by the influences of globalization, especially the problems which such alterations portend for the procedural interests in comparative legal research and its philosophical commitments in realist and positivism. According to Watt (2006), the English legal culture is more dynamic and thus positivist as compared to the Nigerian realism. As such, the English culture’s predilection of acquiescing to trans-national or international frameworks of uniform law within the EU and intercontinental Treaties is based on empirical pr oofs that being more liberal and having in place similar laws would deliver equally acceptable laws. While Nigerian system is more realist and largely driven by religion and traditionalism, the English system is backed by authoritative knowledge obtained from scholarship, impacts of globalization and to a small extent, indigenous legal cultures. Nigerian positivist legal cultural influences are largely similar to those of the United Kingdom, most probably because the latter colonized the former and made a

Campaign Finance Reform Essay Example | Topics and Well Written Essays - 250 words

Campaign Finance Reform - Essay Example Most of these campaigns use the money to fund the campaign secretariat, advertisements, produce banners and paraphernalia with the candidates’ name, rent premises, motor vehicles and other apparatus required for campaigning, as well as fund those who present themselves to some of the campaign avenues (Milyo, 2008). Three main reforms suggested include voting with dollars, clean elections, and matching funds. Of these proposals, the clean elections proposals will be the best to implement. This is because though people have termed politics as a dirty game, it is very important that the elections become leveled to allow everyone with the will to participate. This means that the candidates will be willing to use what they have to make good use of their benefits and expenditures to represent the people who elect them. The chances of having corrupt officials will be minimized (Milyo, 2008). The citizens’ united decision allowed the people to limit the government’s interference with the non-corporation expenditures in political campaigns. This is not a good precedence because the political parties could become avenues of corruption and manipulation by the non-governmental companies that make huge donations to support candidates. That limits the transparency of campaigns (Milyo,