Have you ever stopped to think, and ask yourself, “why is that so?” In society, there are a plethora of different peculiar phenomena that go on, yet they have become such a common part of our everyday lives that we usually do not stop to contemplate and formulate an answer to why things occur the way they do. For the most part, we tend to brush things off as, “it is what it is.” One phenomena that I have always found interesting pertains to relationships. It is, “why do celebrities have more unstable marriages than non-celebrity couples?” This is specifically concerning the topic of divorce. In society, I have noticed that there are more celebrity couples getting divorces and remarrying than there are non-celebrity couples. While no one usually pays any mind to this trend, there is an underlying explanation that can define the reasons why this tends to be true. Believe it or not, but this question can be answered in economic terms.
Three concepts that can be applied to this question are elasticity of demand, cost-benefit analysis, and Keynesian economics. Elasticity of demand has to do with price change, and the sensitivity level that is associated with certain price changes. Generally, when the price of a product goes up, people do not demand as much as this product as they did before. The magnitude of how much the demand rises or drops due to price change is the elasticity. As for cost and benefits, it is understood that in economics, a company is to begin and proceed with their production as long as the costs do not outweigh the benefits. An analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs is an integral part of every company, and this concept can also be app...
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...Getting married can get them publicity, and after they get it and realize they don't want to be in the marriage anymore, they get divorced. This is like Keynesian economics. When there is a demand shock, such as when celebrities are out of the spotlight, less people demand them, they go and get married. This represents fiscal or monetary expansion, to bring themselves back to the spotlight. Essentially, bringing themselves out of the spotlight brings the celebrity out of recession. Classic economists would say that your talent (or market force moving the economy towards full employment) is what will get you back in the spotlight, and not a publicity stunt marriage (or government intervention). With this said, we can now see that there are underlying economic explanations to the question of why celebrity couples have more unstable marriages than non-celebrity couples.
The correlation of divorce and unemployment rates or the relationship between marital satisfaction and employment status have relevance to anyone interested or affected by a marriage. This includes married couples, children, relatives, family friends, psychologists, councillors, lawyers, judges, employers, realtors, tax payers, etc. In other words, practically everyone in Canadian society is affected by divorce; and though divorce has also been seen more commonly throughout the twentieth and twenty-first century than any other point in history, are Canadian divorce rates really on the rise? According to the statistics, the divorce rate of Canadian marriages has been more or less decreasing for the past twenty years. In fact, the number of divorces in Canada for every 100,000 people has decreased from a high of 362.3 in 1987 to 220.7 in 2005 (Wyman 1). Yet when we exclude the large and sudden jump of the
The Island of Mocha in the video is an example of a traditional economic system evolving into a market system. Every person plays a key role in this traditional system. They had fisherman, coconut collector, melon seller, lumberman, barber, doctor, preacher, brownies seller, and a chief. The Mochans got sick of trading goods all across the island just to get the things that they want or needed. The Chief decided that they would use clam shell for currency instead of trading.
For instance, in 2008 there were 147,848 marriages and a staggering 70,266 divorces (Statistics Canada, 2013). Thus, this illustrates that almost half of all marriages end in divorce. There are many reasons that a couple may choose to divorce including but not limited to economic issues, unrealistic expectations, and the weakening societal view of marriage. The implantation of the no-fault divorce grounds in 1968 have resulted in an easily attainable divorce (Riedman et al, 2003). In the film, many characters have been affected by divorce. First, we observe Duncan’s mother, Pam and Trent who have both been divorced in the past. Next, friends of Trent, a couple that also vacations during the summer are evidently heading for divorce as their marriage is filled with infidelity and
Kay Hymowitz, wrote an online article for Time, which looked at the decline in the divorce rate, entitled “Divorce rate falling – But Marriage still on the Rocks” Ms. Hymowitz’s , article summarized that the divorce rate is falling, due to the increase of cohabitation, and single parenting, the article in no way is an indication married couples are staying together. The new millennium ushered in a phenomenon of reality t.v. Families are now airing their dirty laundry for fame and for cash, which has led to shows like; Judge Judy, Judge Matthis, the People’s Court, Paternity Court and countless others, there are court shows on the Spanish channels. The public has decided to have their divorced televised, mediated in front of an audience. One
Wildlife tourism has become a particularly popular trend over the years. Riding on elephants, taking pictures with lions, swimming with dolphins are only a few of the adventurous and thrilling activities that wildlife tourism provides. Even my own school is planning a trip to South Africa to participate in several of the enthralling ventures.
Marriage is a commitment that seems to be getting harder to keep. The social standards placed on an individual by society and influenced by the media inevitably lead some to consider divorce as a “quick-fix” option. “Have it your way” has become a motto in the United States. It has become a country without any consideration of the psychological effects of marriage and divorce. The overwhelmingly high divorce rate is caused by a lack of moral beliefs and marital expectations.
First of all, America has the highest divorce rate among western nations. Divorce rate increased after every major war, and decreased during the Post-World War II economic boom. The divorce rate has more than doubled since 1940, when there were two divorces for every 1,000 persons. Now for the same number of people, there are over five divorces. Studies indicate that there is more divorce among persons with low incomes and limited education and those who marry at a very young age. Teenage marriages are much more likely to end in divorce than are all other marriages. And women who marry when they are over age 30 are the least likely to become divorced. There has been a decline in divorce in the number of couples who have children under 18. Almost 45 p...
Every 13 seconds, couples in America get divorced (Palacios). What is pushing these couples to get married if half of the marriages fail anyway? Leading into the 21st century, people decide to choose the single life over the married life, and use their energy and time towards rebounding, money, material love, power, freedom, pride, and their career. Superficial love often conquers idealistic love in today’s society due to one’s self-interest persuading them away from love.
Every year approximately 2.4 million marriages occur.Out of those,2.1 millionwill file for divorce in the United States. These marriage and divorce rates have significantly increased since the years past(Coltrane and Adams, 364).According to Schoen, in the 1950’s, 15 out of 1,000 marriages ended in divorce.In the 1970’s, the rates of divorcedoubled,increasing to 40 per 1,000 marriages. Currently, the rate of marriages resulting in divorce remains the same. Most marriages are ending within seven years ofthemarriage for multiple different reasons. Sociologists haveestablisheddivorce as a social problem from the rise in divorcerates due to the early year of marriages (2006).
Lach, Jennifer. “The Consequences Of Divorce.” American Demographics 21.10 (1999): 14. MAS Ultra – School Edition.Web. 26 Feb. 2014.
Staider, Daniel R. (2012). The role of dissonance, social comparison, and marital status in thinking about divorce. Journal of Social and Personal Relationships. 29 (3, May), 302-323.
A single firm or company is a producer, all the producers in the market form and industry, and the people places and consumers that an Industry plans to sell their goods is the market. So supply is simply the amount of goods producers, or an industry is willing to sell at a specific prices in a specific time. Subsequently there is a law of supply that reflects a direct relationship between price and quantity supplied. All else being equal the quantity supplied of an item increases as the price of that item increases. Supply curve represents the relationship between the price of the item and the quantity supplied. The Quantity supplied in a market is just the amount that firms are willing to produce and sell now.
Around the world divorce is common and known amongst different societies, some with higher rates than others. According to Irvin (2012), in America there is one divorce every 13 seconds. That’s 6,646 divorces per day, and 46,532 divorce per week. This is a social issue within our society that has many negative effects on everyone facing this circumstance. The divorce rate in the U.S is a problem that shows an increase in its rates compared to the past decades. According to the U.S Census Bureau, around 50 percent of marriages end in a divorce. There are many reasons for divorce from “hard” reasons (e.g., abuse and adultery) to “soft” reasons (e.g., psychological and relational problems). The two most destructive reasons for a divorce is physical violence or alcohol and drug problems, but these reason are less frequently are seen as reasons for divorce. The most common reasons for divorce are the “soft” reasons. According to William, a recent national survey found that 73% said the “lack of commitment” was their major reason for divorce. Other reasons were “ too much arguing, infidelity, marrying too young, unrealistic expectations, lack of equality in the relationship, lack of preparation for marriage, and abuse” (William, p10). Divorce has known to be a second most stressful life event, came before only by the death of a spouse and what is that stress capable? It is dispatching a serious about of anxiety and depression to people’s limbic system as emotional center in the brain. According to Taylor and Beth (2009), the stress of divorce had driven people beyond the normal grief felt in a divorce and into a clinical depression. “Nearly 15 million American adults, or about 6.7 %...
Another cause to confirm the recent increase in divorce rates is stress in modern living. Many people, who live in globalisation, have considerable pressures to earn money. It can be obviously seen that the stress has occurred since they are children. For instance, in Thailand, students generally want to go to famous school so that they take advantage to go to well-known universities. Studying in celebrated universities mostly causes having a good opportunity to find a job or earn a lot of money. This circumstance not only happens in Thailand, but also occurs in many countries. Some people are laid off from their companies; consequently the stress occurs in their family, which leads to divorce. Some families can earn money, but inadequate for covering their expenses, therefore it is easy to think about divorce. Nevertheless, the rates of unemployment trend to continually increase as a result the divorce rates can also rise.
One method that Toyota can consider is using the price elasticity of demand to determine whether to increase or decrease the sale price of their automobiles. The responsiveness or sensitivity of consumers to a price change is measured by a product's price elasticity of demand (McConnell & Brue, 2004). Market goods can be described as elastic or inelastic goods as change in quantity demanded for that good. If demand is elastic, a decrease in price will increase total revenue. Even though a lower price would generate lower sales revenue per unit, more than enough additional units would be sold to offset lower price (McConnell & Brue, 2004). In a normal market condition, a price increase leads to a decreased demand, and a price decrease leads to increased demand. However, a change in income affecting demand is more complex.