Lswee9 Essay Example | Topics and Well Written Essays - 1000 words

Lswee9 - Essay Example Nothing speaks for itself’ (Thorpe and Holt, 2008: p. 184). It can be anticipated that any researcher will have preconceived ideas about the area of study. This preconception will be founded upon the knowledge gained before actually commencing the research when interacting with others concerned. In my case, I am part of the company. The preconceptions held are going, in some way, going to have an influence both upon the way the research is conducted and could perhaps influence the results obtained. This occurs because it is the researcher who interprets the data, whether this be from his observations, the text of interviews, or from documents obtained from participants. When the researcher reflects upon the preconceptions he might have towards the subject of study and the participants involved, he must also reflect upon how his own characteristics will have an effect upon the data he collected. Hertz (1997: p. 8) stated that reflexivity allows the researcher to realise where he is in relation to the research undertaken , and so is able to minimise the effect he, and his personal ideas and knowledge has upon the research undertaken. When undertaking qualitative research it can be difficult for the researcher to operate in a detached way as they are required to interact personally with the respondents. Reflexive research is able to take this involvement of the researcher into account (Thorpe and Holt, 2008: p. 184). The writers are able to discuss this topic within reflexivity which is where methodological, discussing the proximity of the researchers to the matter under discussion. It is shown that the researcher need to be aware of this closeness and so be aware of the need to be professional and keep their distance so that the process of data collection and its outcomes is influenced in the most minimal way possible and not compromised. Johnson and Duberly (2000: p. 191) discuss

Benefits of Free Enterprise Economy over Command and Control Term Paper

Benefits of Free Enterprise Economy over Command and Control - Term Paper Example consists of the relations between institutions and agencies, the flow of information between them and the existence of social relations within an economy (Howard & King, 2014). There are mainly three types of economic system that exists, namely, Market economy, the Mixed Economy and the Planned Economy (Woods Jr, 2015). Market economy is associated with limited interference of government. Planned economy on the other hand is completely opposite to market economy. In planned economy, all the important decisions connected with the production, distribution and prices are taken by the state. A mixed economy is an amalgamation of fundamentals of both market economy and planned economy. This implies that certain attributes from both the economies are taken to form a mixed economy. In this type of economy, the economic decision making is undertaken by both the private sector entities and the government. The system showing mixed economic features have flexibility in some sectors and government control in others. To balance broad range of economic and political views, mixed economy involves both socialist and capitalist economic guidelines (Kaynak, 2014). Other name of free enterprise economy is market economy or laissez faire economy or capitalist economy. Before discussing the features of the free enterprise, it is essential to have a clear idea regarding the definition of market. Lewis, (2013) defined market as a structure where buyers and sellers are engaged in the process of exchange of goods, information and services. It is a place where demand and supply of a commodity is created. When the supply of a good is equal to its demand, then this leads to equilibrium. At this point, equilibrium quantity and equilibrium prices are determined which implies that the allocation of goods has reached its optimal point. It has been examined by Kaynak, (2014) that concepts of supply and demand help in structuring the pricing system. When availability of goods is larger than its