Economics3, Economics, College Term Papers.com


		Data Bases
		• Custom Term Papers • Free Term Papers • Free Research Papers • Free Essays • Free Book Reports • Plagiarism?

		Links
		• Top 100 Term Paper Sites • Top 25 Essay Sites • Top 50 Essay Sites • Search 97,000 Papers @ DirectEssays.com • Search 101,000 Papers @ ExampleEssays.com • Search 90,000 Papers @ MegaEssays.com

		Free Essays
		• Term Paper Sites • Chuck III's Free Essays • Free College Essays • TermPaperSites.com • My Term Papers • Get Free Essays • Essay World • Planet Papers

Search Lots of Essays

Back to Subjects - Economics

Economics3

Economics3 In the United States today, the economy is one of the most important things to stabilize and maintain. The economy is this capitalistic nation in a way. As the economy has gone over the many years, so has the country. A good example of that is the Great Depression; everyone in the United States was doing great with the Bull Run of the market and the abundance of jobs. Then things started to change for the worst; the economy fell out with the great crash of the bare stock market and along did the people. Everything crumbled like stale bread, including people lives and families. Not until businesses rebuilt themselves and competition returned that the economy finally turned around. The country and the people, upon whose backs’ it rests finally, turned around also, pulling out of the Great Depression and returning this nation to its greatness. In the article “Competition is Great Game Plan, but not Perfect,” the author M. Ray Perryman states that the economy is doing well due to the competition between companies and firms as the title might indicate (Perryman 1). Although he states that the competition which fuels our economy has problems, like creating monopolies and companies that dominate markets, identifying them early and becoming aware of them we will be able to keep our economy on the path that it is on (1). Mr. Perryman supports this claim by using such strategies as common sense in his reasonability, relevance, and confidence by using his own voice in this successful essay. In speaking to the American public through his article, Mr. Perryman uses the rhetorical strategy of common sense and reasonability when he states such things as, “It (competition) lowers prices, enhances consumer choice, promotes innovation and forces us to use our scarce resources very efficiently” (1). This strategy works for him in because it makes a lot of sense that competition would do these things for us. Companies competing for business must always try to undercut the opponent’s prices and costs, with this more choices will be created. Another example of Perryman’s use of the common sense rhetorical strategy is when he states, “The information and technology revolution of today, which I believe to be in its infancy, is creating a wider gap between the ‘haves’ and ‘have nots’ and is likely to eliminate or greatly reduce the need for many relatively unskilled occupation (and more than a few skilled ones) over the next few years” (2). He goes on to say, “We must have a viable mechanism to deal with this pressing social concern – ideally one that proactively improves overall production” (2). Perryman does a good job of making himself quite credible, using the common sense strategy in this statement I feel because he shows that he has looked ahead to where our economy is headed and has recognized one of the problems that competition creates. Perryman is saying that competition doesn’t make itself worried about what happens to the losers; and whatever happens to them in life, so be it. I feel that this is not a good thing in and of itself. With a huge gap of people whom are unable to receive jobs because of computers being able to do the tasks better, the economy will actually fall regardless of how much production is being done because of the poverty of a great percentage of the population. Using the rhetorical appeal of logos and the strategy of relevance the ideas and strategies are often quite obvious to the reader. I think Perryman does this to show how obvious it is that competition is not all good and in some ways can hurt the economy. Perryman starts out with the relevance strategy by saying, “…competition can lead to monopoly. In fact, the very word ‘competition’ suggests there will be winners and losers, with someone ultimately emerging as king of the hill. Even Adam Smith, who articulated the competitive model in 1776, recognized this phenomenon. We observe it today in markets such as Hong Kong, which is dominated by large powerful firms” (1). Perryman shows that observations made in 1776 concerning competitions division between winners and losers and the creation of monopolies is still very relevant today. Overall this is also related to the way in which the United States granted monopolies, then tried to regulate them in the interest of consumers in the fields of telecommunications, electricity, natural gas, and railroads (1). Perryman states that now the United States is trying to open these markets to new companies and firms, and the results of the new companies has been consistent, lower prices, improved products, and greater choice; but overtime these companies have failed and become overtaken by the larger more experienced company (1-2). In using examples Perryman uses his conscious strategy well in relating how monopolies have hurt the economies such as Hong Kong’s, yet when used properly can help a monopolized field as in the United States and create improved products and greater choice with lower prices. Take for instance the telecommunications industry where now phone calls across the nation can be made for much less the cost of before. I feel the use of the relevance strategy worked perfectly when Perryman recognized Adam Smith, for foreseeing the problems with competition in 1776, showing that Perryman had done his research and knew how Smith’s articulation of the competitive model was still relevant to today. Perryman shows his use of the confidence strategy by using his own voice during the article in such ways as stating exactly what he thinks should be done in certain instances, how we should handle growth in our economy, and what he thinks will happen in certain instances. Examples of this in Perryman’s article are statement such as, “Given the rapid rate at which technology makes processes and products obsolete these days, even a real monopoly is likely to be short-lived” (2). A statement like this shows again that Perryman is knowledgeable on this topic and has an idea where the field and economy is headed. Perryman goes on to say, “We also have to determine which types of activity are beneficial to consumers, irrespective of where they fit in traditional characterizations of monopolies. The approaches we use at present don’t always achieve these objectives” (2). This quote shows that Perryman is confident on which he writes and is willing to dictate what should be done to help competition regardless if a classical idea of a monopoly occurs. Perryman uses the confidence strategy just as he should in my opinion, he is relaxed and comfortable with himself and his expertise of the economy as he shows and bestows on the reader. Finally Perryman shows his confidence once more by adding little humors in his paper while getting his point across as in, “Competition (not to be confused with a golf tournament where Tiger has his ‘A’ game). Good? Yes! Great? Yes! The best system around? Absolutely! Perfect? No!” (3). The main strategies used by Perryman in the article, “Competition is Great Game Plan, but not Perfect,” were quite effective I feel. They worked for some similar reasons like showing that Perryman was quite knowledgeable upon his area of expertise and some independent reasons like his use of relevance using proof from 1776 to get his point across. At first glance of this essay I was semi-skeptical of how competition could hurt the economy and hinder upon a nation, but after looking deep into the article I saw the valid points made by Perryman. This article swayed me to complete agreement with Perryman due to the effectiveness of the strategies used. Bibliography:

Word Count: 1274