Knowledge of Minds Essay Example | Topics and Well Written Essays - 1250 words

Knowledge of Minds - Essay Example This way our mind goes through several experiences which enables the mind to exercise and imagines various objects which in our real life we often found close to reality. It is our mind that asks us to believe in paranormal activities, unsolved mysteries because it creates an impression before us which one way or the other our subconscious believes. Therefore we can say that humans despite having no idea of mind possess the capability to have in depth knowledge about the objects and instances the mind creates. Our mind acts as the gateway to human wisdom and ideas that flow and allow themselves to be accepted by us. Therefore the thoughts that come to us, the ideas we generate and the emotions we are overwhelmed with are all the objects that our mind allows us to perceive and we perceive them. However it depends upon inner extent to how much we are able to drink all the knowledge that our mind creates for us. Berkeley also claims that intuitive knowledge can also be achieved from our mind. For example, he says that if a table exists, it means it has been experienced, that is it is present whether one utilizes it or not. If one person does not get the chance to see the table, does not mean that anybody has accessed it. By some how the table is seen by some one. Abstract ideas are not the ultimate creation of the minds alone, abstractness exists. Berkeley uses the 'spirit' for such abstractness which as far as I have understood is the ability of human mind to feel paranormal activities. I have named abstractness as 'paranormal' because often it appears for a millisecond that we consumed with abstract thoughts which we don't believe. These are all the mind capabilities to show us living or non living objects this way. This is similar to the above example of table, that if a table or an object exists it is not possible that it exists in void, it is real. And since the table is real, therefore our mind is able to process its image, its length, breadth, colour and shape. However the more clear the sense of touch, smell and colour is, the more we allow our minds to perceive better but in order to allow our mind, we need to be 'free' to think and consider various abstractness and imaginations that our mind creates before us. Therefore it is our mind that provides intuition to us in this manner and this is evident from the fact that we have imaginations, abstractness and impressions. In reality we do not have such capabilities to image or to make an impression of something. It is the capability of our mind to shape our intuition before us. Berkeley suggests that it is practically not possible for us to divide our visions of perception. One cannot divide the senses through which it can perceive objects. The word 'rose' make us think of a rose with colour, stem and leaves. If for some reason we divide our abilities to think only the flower, not leaves or fragrance, it would be abstract. If one trains his mind to perceive this way he can no longer continue with the same abstract perception for the impracticality of the subject. That means our

Bottled water Economics research Paper Example | Topics and Well Written Essays - 5000 words

Bottled water Economics - Research Paper Example The opportunity cost, is the cost foregone as a result of choosing a given alternative, it is the actual value of the next best alternative that was forgone in the process of making a decision about the current business or investment. Opportunity cost, also referred to as economic opportunity loss is a term derived from Keynesian theory which implies a choice between different options which yield mutually exclusive results, this means that you can only choose one and forgo the other option. It explains the relationship between scarcity and choice and is applied in many areas where financial and monetary decisions are made. For example, the opportunity cost investing in a bottled water company will be the cost foregone in investing the money elsewhere (other business ventures if this was the next best alternative) or the interest lost if that money was left in the bank to accrue interest(if this was the next best alternative). Opportunity cost is evaluated in terms of money, time, mat erial and anything of value. for example someone may decide to go for holiday in Africa and forgo staying in his house and improve it, another may prefer to choose to watch one program and forgo another if the occur at the same time and the person doesn’t have the means of recording the other program.The evaluation of opportunity cost is based on several factors, first is the monetary value of the next best alternative that was foregone. ... If the opportunity cost is higher then the risk should be taken, in this case, for the bottling water company the environmental risk is damage to environment due to plastic bottles, however the opportunity cost is higher than the total damage and hence environmental consideration cannot prevent the starting of this business, furthermore, money, less than the opportunity cost can be dedicated into research on biodegradable plastics. Demand Demand can be defined as the ability or wiliness of consumers to purchase goods and services at a given price within a given time frame. The demand graph or the demand schedule is a graphical representation of the effect of price on demand of goods and services holding all other factors constant, if the price of a commodity e.g. bottled water go up, then the demand for it will reduce and vice versa, the graph below illustrates this Figure 1 showing the demand schedule The law of demand states that increase in price of commodities causes corresponding decrease in the quantity demanded. Decrease in price results to an increase in quantity demanded for a given product provided other factors remain constant. Supply These represent the quantity of goods and services that a given producer or manufacturer is willing to bring to the market at a given price. Supply of commodities is greatly influenced by price of the commodity and other factors. The law of supply states that the quantity supplied increases as the price of the product increases holding all other factors constant. This is because the suppliers are able to get a higher profit margin. Figure 2 showing the supply schedule