Tuesday, December 31, 2019
Art, Literature And Society From 1955-1970 Essay examples
Fear and Loathing in a Clockwork AgeAh! The noble search for identity. That intangible achievement that all artists lust after and lay in torment over. And during the post war era that struggle reached incredible magnitudes. The world cried out for legions of anti-heroes, who were only virtuous in their unapologetic and brutally honest lack of virtue. And the art world provided as many counter culture messiahs as was needed to quot;Damn the Manquot;. The Beats, hippies, and punks are evidence that behind the white picket fence of suburbia lay an America that wanted more out of life than the sugar coated portrayals of domesticity and patriotism it received from pop culture. The unfortunate side of authenticity often lead to the†¦show more content†¦To the Beats the only solution to a life of domestic stagnation was to pack up and let life lead you down one winding road after another. There was a certain comfort in the unknown. Ambiguity turned survival into a triviality, while one could find the deepest meaning in chance and whimsy. When mere existence doesn’t seem to be guaranteed it’s the little moments of perfection that become one’s focus. No other Beat poet understood that concept as well as Jack Kerouac. quot;Jack Kerouac single handedly created the beat generation. Although Allen Ginsberg, Gregory Corso and William Burroughs Brought their separate and cumulative madness to the beat generation, it was Kerouac who was the Unifying Principle.quot;(Krim,p.4)While Kerouac certainly lived for the moment it would be missing the whole point of his work to claim that was just trying to get his kicks in before it was over. If anything, he eagerly awaited his termination. And found his solace in moments of pure tranquillity, since they were the closest he could come to the state he named the Golden Eternity, which he believed awaited him after death. This was in opposition to his friend and fellow beat Allen Ginsberg. Ginsberg believed quot;in grasping after life as much as you can because of it’s sweetShow MoreRelatedThe Close Of The First World War1510 Words  | 7 Pagescentrally influential figure in left-wing thought. The body of works associated with the Institut is considered part of a larger paradigm known as critical theory. Critical theorists propose that society suppresses thoughts and ideas, and that we must critically examine the mechanisms and institutions of society in order to obtain emancipation (Dillon 2014). The Frankfurt School created a synthesis philosophy combining the ideas of Marx, Heidegger, Kant, Freud, and others (Dillon 2014). Critical theoryRead MoreFear and Loathing vs. on the Road1595 Words  | 7 Pagesforms of literature, film and art. On the Road by Jack Kerouac was written and published at the outset of the counter-culture movement of the 1950s and 1960s. This novel provides a first-hand account of the beginnings of the Beat movement and acts as a harbinger for the major societal changes that would occur in the United States throughout the next two decades. On the contrary, Fear and Loathing in Las Vegas, a Hunter S. Thompson novel written in 1971 provides a c ommentary on American society at theRead MoreEvolution of Accounting Thought6174 Words  | 25 PagesAccounting Theory, 5th edition, Irwin, 1992 Accountancy, from Wikipedia, http://en.wikipedia.org/wiki/Accounting. Retrieved January 20, 2011. Contents of lecture notes: 1. Introduction 2. Why bother with the history of accounting? 3. The beginnings 4. So what is ‘accounting’ (or ‘accountancy’)? 5. Double-entry accounting 6. Why double-entry accounting? 7. The period 1500 to 1800 8. The period 1800 to 1955 9. The period 1955 to 1970 10. The period 1970 to the present 11. The Conceptual Framework ProjectRead MoreFeatures of Metafiction and Well Known Writers of the Genre Essay3025 Words  | 13 Pagesthe field of literary art and practice. Among these theories the seminal and the most influential is the mimetic theory. The theory of mimesis (imitation) posits that there is a world out there, a world in which we all live and act, which we call â€Å"the real world†. What fiction does (for that matter any art) is to try and (re) present this world using narrative techniques (or artistic techniques)†(Thaninayagam 12). Historiographic metafiction is an offshoot of postmodern art form. The term historiographicRead MoreBrief Survey of American Literature3339 Words  | 14 PagesBrief Survey of American Literature 1. Beginnings to 1700 Great mixing of peoples from the whole Atlantic basin Bloody conflicts between Native Americans (or American Indians) and European explorers and settlers who had both religious and territorial aspirations - Native American oral literature / oral tradition - European explorers’ letters, diaries, reports, etc., such as Christopher Columbus’s letters about his voyage to the â€Å"New world†. - Anglo (New England) settlers’ books, sermonsRead MoreLiberal Arts2505 Words  | 11 Pagesreport that by the yardsticks of law review and grades, their top students come from math, classics, and literature, with political science, economics, pre-law â€Å"and†legal studies ranking lower. In today’s fast evolving world, leaders across the spectrum of vocations and professions need a broad imaginative and critical capacity, not a prematurely narrow point of view. In terms of the actual world, a solid liberal arts and sciences education will generally prove the most practical preparation forRead MoreThe Underlying Meaning and Theme in â€Å"Jonathan Livingston Seagull†4964 Words  | 20 PagesContent Introduction Chapter 1. Richard Bach and his significance in American literature 1.1. Richard Bach personality 1.2. Literary heritage of Richard Bach Conclusions Chapter 2. â€Å"Jonathan Livingston Seagull†in the context of American literature of the 20th century 2.1. Historical background and creation of â€Å"Jonathan Livingston Seagull†2.2. The fable in novella and its peculiarity 2.3. The motives of the â€Å"Jonathan Livingston Seagull†2.4. The main message in novella ConclusionsRead MoreAnita S Dance Feminist Criticism2670 Words  | 11 Pagesfor her father’s work. Engel began her education at Sarnia Collegiate Institute Technical School in Sarnia, Ontario, and later continued on to complete a Bachelor of Arts at McMaster University in Hamilton, Ontario. She graduated from McMaster in 1955 and without hesitation, enrolled in a Master’s program for Canadian Literature at McGill University in Montreal, Quebec. Marian was a powerful activist for women’s rights over the years, writing books, short stories, and sharing her experiences withRead MoreAdrienne C. Rich : A Cultural Poet1905 Words  | 8 Pages in Grossberg’s terms thinks â€Å"conjunctively.†She expects poems to be a dialogue with people’s movement across the globe. Keywords: Ideological struggle, emancipation, liberation, conjunctively, socio-political and topical poetry, â€Å"a great work of art,†preoccupation with the have-nots in Rich’s writings, reprimands the imperialist masters. Introduction: Adrienne Cecile Rich (b. May 16, 1929â€â€d. March 27, 2012) has been a major American poet, essayist, cultural critic, and avid activist. She wroteRead MoreHistory of Malayalam Cinema5498 Words  | 22 PagesCONTENTS * Kerala: the legacy of visual culture†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦2 * The early era (1907-1950s)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..3 * 1950s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦6 * 1960s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦8 * The Malayalam New Wave: 1970s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.10 * 1980s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..15 * Golden age of Malayalam Cinema†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦...17 * 1990s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦19 * Early-mid 2000s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.20 * Late 2000s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.21 * 2010s to the present†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..21 * Actors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦
Monday, December 23, 2019
Rhetoric of Adolf Hitler - 806 Words
Following World War I, Germany was left crippled (Aftermath). Adolf Hitler became angered by the people who thrived during this depression and wanted to take action against them immediately. Specifically, the Jewish Population were the ones who thrived when the rest of Germany suffered and they were considered to be the root of Germany’s problems (Holocaust | The reasons for the Holocaust). Hitler was also culturally influenced by the D.A.P., which is the group that drove him into realizing his true hatred for the Jewish community. Hitler and the Nazis wanted to make sure that everyone was aware of what the Jews were doing wrong and as a result, he wrote many speeches in order to get this message across (Hitlers Speeches). In these speeches, Hitler used rhetoric in order to manipulate the minds of large masses of people to agree to exterminate the Jewish people. Ethos, pathos, and logos were present in most, if not all, of his speeches and it was extremely effective. After h e realized that his reign was a failure, Hitler committed suicide. This is where the question â€Å"Does the end ever justify the means?†comes about and the end indeed does justify the means in Hitler’s case. Most of Hitler’s opinions of the Jewish population originated in the minds of the D.A.P. (Deutsche Arbeiterpartei) also known as the German Workers’ Party. He discovered this group when he was instructed to investigate it. Hitler listened to a speech given by a man from the group and became enragedShow MoreRelatedEssay Adolf Hitler: The Power of Rhetoric1416 Words  | 6 Pages Adolf Hitler. When a person hears his name, not many good things will come to their head. However Hitler did possess one amazing quality that led to him be one of the most powerful men on earth: the ability to influence others through his rhetoric. Hitler used his speaking ability to take over a country in their time of need and lead them to infamy. The ways Hitler did thi s was by connecting with his audience, flamboyant motions, variation in pitch, using his charisma, and working his audience upRead MoreHitler s Rise Of Power1221 Words  | 5 PagesDibella English 10 MYP5 Hugh Jazz 14 March 2016 Hitler s Rise to Power Hitler s rise to power was greatly facilitated by his social mind with a theoretically high IQ of around 150 in the top 0.1% of everyone in the world. This large amount of intelligence can help him out think and keep himself one step ahead of everyone near him keeping his plans in clear site without the anyone the wiser. Hitler used two major skills to get power: persuasive rhetoric and cleverly worded statements to cover liesRead MoreAdolf Hitler s Speech Skills1409 Words  | 6 PagesThroughout all of history, Adolf Hitler is one of the many figures whose climb to power was greatly dependent on their oration skills. He governed Germany for a twelve year third Reich; giving five thousand public speeches over the course of those twelve years. He used the dismal conditions of the German economy and government; along with his persuasive speech skills to build an empire that will be etched into history forever. It is very likely that, if Adolf Hitler hadn’t possessed the speec h skillsRead MoreAdolf Hitler: One of the Most Talented Orators in History Essay1691 Words  | 7 Pagesthe world and the views of people for the better with his â€Å"I Have A Dream†speech, or German dictator, Adolf Hitler, pushing his anti-semitic views through his Nazi speeches, people listened. People will always listen to these speeches and take away something different each time. Through the skills used in speaking, different effects can be made. It is sometimes difficult to believe that Adolf Hitler, was once one of the most talented and influential speakers in the world, based on the negative connotationRead MoreNazi Germany During World War I924 Words  | 4 PagesAfter World War I, Adolf Hitler formed the Reich Ministry of Public Enlightenment and Propaganda after his rise to power in Germany. Hitler selected Dr. Joseph Goebbels as the head of the Reich Ministry to promote propaganda. â€Å"The Fà ¼hrer or Mr. Hitler explained in his book Mein Kampf why pr opaganda should be used to control the populace and how it had been a useful weapon for the allies during World War I. Hitler continued by criticizing the German leadership for failing to use propaganda in anyRead MorePower Of Speech By Mark Antony And Adolf Hitler823 Words  | 4 Pagesgreat that one man is able to utilize it to stir men to fight and die, and another is able to gain support from millions. Two influential leaders of their time that used rhetoric devices are Mark Antony and Adolf Hitler. Antony purposes ethos, logos and pathos in his speech to turn the Romans against the conspirators, as did Hitler in his highly convincing speech given on May 4, 1941 to sway the Germans towards his twisted beliefs. Mark Antony has the ability to effortlessly rouse a crowd with hisRead MoreHow Discourse Is Used For Power And Knowledge, And For Resistance And Critique1203 Words  | 5 Pagesjust a part†(Fairclough, 1989, p.24). As pervasive ways of experiencing the world, discourses refer to expressing oneself using words. Discourses can be used for asserting power and knowledge, and for resistance and critique. The speakers: Audolf Hitler and Winston Churchill ideological content in speeches as does the linguistic form of the speeches. That is, selection or choice of a linguistic form may not be a live process for the individual speaker, but the discourse will be a reproduction ofRead MoreDoes Islamic Jew Hatred Exist?1134 Words  | 5 PagesJew-Hatred ad seems awfully unique. In this ill-conceived advertisement by the â€Å"American Freedom Defense Initiative,†this group proposes the false narrative of that â€Å"Islamic Jew-Hatred†is presented as a factual idea. P artnered in a photo with Adolf Hitler, Amin al-Husseini, cited as the â€Å"leader of the Muslim world,†appears to give credence to the suggestion that Islamic faith is conjoined to Nazi anti-Semitism. This advertisement utilizes the appeals of credibility, passion, rationality, and appropriatenessRead MoreHitlers Rise to Power: Personal or Political1494 Words  | 6 PagesTo what extent was Hitler’s rise to power due to personal appeal and ability? Adolf Hitler came to power in 1933, at a time when the Weimar Republic was crumbling in on its self. The Republic was collapsing as a result of the economic conditions that were forced upon Germany by the Great Depression , beginning in 1929, and the conditions of the Treaty of Versailles, as a result of Germany’s involvement in the First World War. Combined these two factors had the result of delivering a crippling blowRead MoreThe Unbounded Reach of Rhetoric Essay840 Words  | 4 PagesThe Unbounded Reach of Rhetoric In the year of 1938, during the Nuremburg Conference, a man stands up to deliver the closing speech. This speech is not particularly as well known or as significant as many of his other speeches, but the words of this thin and paunchy man are strong and resolute. He states, â€Å"When the question is still put to us why National Socialism fights with such fanaticism against the Jewish element in Germany, why it pressed and still presses for its removal then the answer
Sunday, December 15, 2019
Phu Quoc Free Essays
To Yen Ngan ELP 6 Lecturer: Mr. James Topic: Tourism in Phu Quoc Island Phu Quoc Island is located in Thailand Bay, lies in front of the Cambodia cost, 45km from Ha Tien to the West and 15 km from South Cambodia. Phu Quoc is located in the tropics and is affected by oceanic climate. We will write a custom essay sample on Phu Quoc or any similar topic only for you Order Now These are the reasons why Phu Quoc’s climate is always being temperate with average temperature from 24oC – 27oC. The ideal time for tourist to visit Phu Quoc Island is from November to January (Lunar calendar) because in this time the sea is so calm and the amount of tourist will decrease that’s why the price of hotel and food will be more reasonable for everybody. Phu Quoc Island is an attractive island with not only fresh and wide virgin forests but also the most beautiful and clearest beaches. The island like an armed fortress of the Vietnamese navy, and 80% of the island is protected as the Phu Quoc National Forest. Phu Quoc is a beautiful island, bathed in the warm tropical sun; the sea is clear and green. Following are some famous attraction about Phu Quoc Island. Firstly is Coi Nguon museum. This is an interesting place to discover and know more about the culture and the history of Phu Quoc. This museum displays lots of ceramics, bronze and stone tools, and animal and sea mammal skeletons. Besides, there is some art work made by people from Phu Quoc using materials that are specific to Phu Quoc like sea shells and drift wood. Secondly is Phu Quoc Pearl Farm. Visiting this place, everybody have chance to find out about the way how pearl is cultivated. There is also displayed area with lots of pearl collections for your contemplation and shopping. At night, tourists can enjoy the night market in Duong Dong. Night Markets: is located in the middle of Duong Dong and it bustles with trade in fish, fruit, and vegetables. There are many activities in Phu Quoc Island. After enjoying swimming in the ost beautiful and clearest beaches, you can hire a boat to go fishing or do sightseeing in fresh and wide virgin forests or join a boat tour discovering the ocean, experience the fishermen daily life for snorkeling around some coral reefs, having lunch onboard, enjoy sea urchin – a specialty of Phu Quoc. Phu Quoc is also famous for impressive and colorful coral islands. Moreover, tourists can free at leisure for diving to discover the habitats of corals and fishes, or participating sports on the beach such as wa ter Moto, parachuting glide, kayaking, sailing boats †¦ njoy fresh local seafood. In conclusion, a visit to Phu Quoc Island is a good, an ideal and affordable opportunity to relax after hard working or studying and learn many new things in life. Tourists will be received many benefits from the trip to Phu Quoc Island such as make new friends, increase knowledge, explore the historical and cultural traditional of Vietnam many historical and cultural monuments that are connected closely with different stage of the Mekong Delta and country’s development. increase significantly self-confident and love natural, etc. List of References: * http://www. phuquocexplorer. com (Phu Quoc Explorer 2010, All rights reserved – Design by IT-DULICHPHUQUOC. INFO) * http://www. dulichphuquoc. com/2010/03/02/di-cau-ca-va-kham-pha-dao-hoang/ (2005 – 2010 Du Lich Phu Quoc) * http://www. mekongstay. com/vietnaminformations/phuquocisland/18. html (MekongStay co. Ltd 2007) How to cite Phu Quoc, Papers
Saturday, December 7, 2019
Economic Concepts Related to Demand and Supply - Elasticity
Question: Discuss about the Economic Concepts Related to Demand and Supply, Elasticity. Answer: Introduction The dynamics of any business is driven by the underlying demand and supply forces related to the underlying product or service offered by the business. These dynamics are critical to business decision making and also have a significant impact on the underlying profitability of the business activity. In this backdrop, an article has been selected which summarizes how a tragedy had adverse implications for the earnings of the firm and eventually led to the downfall in shares and company valuation. This aim of the given essay is to critically discuss the article using various economic concepts related to demand and supply, elasticity and externalities so as to highlight the event through the usage of economic theory. Analysis For a theme park like Dreamworld, the target audience would be the youth especially children along with their parents and therefore the market for the theme parks would comprise of these individuals along with tourists who may come to visit such places. One of the key factors that influences the demand for these services as outlined in the selected article is the safety factor (Gal, 2014). As the theme parks tend to offer various rides and other sources of entertainment while attracting significantly large crowd, it is pivotal that necessary safety arrangements need to be made so as to prevent any mishaps. However, If such tragedy does occur as in the case of Dreamworld, then people would be reluctant to avail these services and hence demand curve would shift downwards as indicated below (Krugman. Wells, 2008). While the supply does not get altered, there is a decrease in the underlying demand which leads to a decrease in the equilibrium quantity from Q to Q1. Further, the price also experiences a downward pressure as indicated from P to P1 (Mankiw, 2014). The impact of changes in demand and supply forces on the underlying price is reflected by the price elasticity of demand for the given product or service. In determination of the price elasticity, a host of factors need to be taken into consideration. These include the availability of substitutes, the nature of the product or service (necessity or luxury), contribution of the item to the monthly budget along with the product or service type (inferior or normal) (Mankiw Taylor, 2011). The most relevant factor for the determination of price elasticity for theme park services is the nature of the service. It is apparent that service offered by theme park is not a necessity of life but rather a luxury which people can avoid for short to medium term without being affected. Besides, there are substitutes available to theme park by way of other modes of entertainment and places to visit which may be availed especially if there is a safety threat. As a result, it would be fair to conclude t hat the price elasticity for the given service would be elastic and hence the magnitude of elasticity would be greater than 1 (Arnold 2008). Also, the nature of the service would be normal as with increase in income levels, the demand would typically increase. In view of the elastic demand, it would be advisable that in order to maximize the revenue, the prices should not be increased. This is explained using the example below (Krugman Wells, 2008). Let us assume that entry price = $ 50 Current customer visits = 100,000 Existing Revenue = 50*100000 = $ 5,000,000 Assume that price elasticity = -2 Price increases to $ 60 which reflect a 20% increase in price. Corresponding change in customer visits = 20*(-2) = -40% Hence, customer visits at increased price = 100,000*(1-0.4) = 60,000 Revenue under increase price = 60000*60 = $ 3,600,000 It is evident from above that the prices should be kept lower in order to maximize the revenues. A theme park of the size of DisneyWorld tends to have both positive and negative externalities. Externalities refer to the unintended effect of the business activities of a given player or industry which may be beneficial for the society or detrimental for the same. With regards to a theme park, the positive externality is on the local economy because of the immense tourism potential generated by these world class theme parks. Additionally, incremental employment opportunities would also be generated for the local population both directly and indirectly. Further, due to higher influx of tourists in such locations, there would be an increase in the foreign exchange earned. However, a negative externality is also attached in the form of higher influx of tourists which tends to put a strain on the available city infrastructure, leads to traffic congestion and thus has an adverse impact on the life of domestic people (Gal, 2014). In order to promote the positive externality, it is requir ed that the government needs to actively promote the theme park especially amongst the tourists while providing incentives to the agents and companies providing services to tourists (Mankiw, 2014). Besides, in order to minimize the negative externality, a small fee may be levied on the tickets for the foreign tourists which would be diverted to the city administration in order to invest in periodic upgradation of the requisite infrastructure so as to minimize discomfort to the local people (Mankiw Taylor, 2011). Conclusion Based on the above, it may be concluded that security issues tend to have an adverse impact on the demand and tends to cause reduction in customer flow. Further, on the basis of the nature of services offered, it is apparent that theme park would not be categorized in essential services and thus essentially would be luxury which would imply that their demand would be elastic especially for local people. Considering the elastic demand, revenue can be maximized by keeping the price lower. Further, positive externality associated with the given theme park is on account of increased tourism and the related economic boost to the nearby region but negative externality also results in the form of higher stress on infrastructure which needs to be tackled by collecting incremental revenues from foreign tourists. References Arnold, A.R. (2008). Microeconomics (9thed.), Sydney: Cengage Learning. Gal, L. (2014), The economic impact of theme parks on regions, Retrieved on April 18, 2017 from https://aocarastirmalari.arch.metu.edu.tr/files/2014/05/AOC_ARCH714_Loredana-Gal.pdf Krugman, P. Wells, R. (2008) Microeconomics (2nded.), London: Worth Publishers. Mankiw, G.(2014) Microeconomics(6thed.), London: Worth Publishers.Mankiw, G.N. Taylor, P. (2011) Microeconomics(5thed.), Sydney: Cengage Learning.
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