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Often our studies of economics at university focus purely on ideas, whereas Uber is intriguing because it exhibits these ideas and showcases their relevance. For years now, in much of the western world, including Australia, the taxi market has represented some form of monopoly, duopoly or oligopoly power. For example, in Victoria, the taxi industry has been dominated by two services; 13 Cabs and Silvertop Taxis. In order to own a taxi plate you would have to purchase an expensive license between $300,000 $500,000 and register with one of these companies to become a supplier of a taxi service. These market features are of course expected as microeconomics teaches us monopolies and duopolies are characterised by their high barriers to entry. Furthermore, given the exorbitant fees charged by taxis in the western world compared to that of Asian countries, it is clear to see that prices charged are far from the perfect competition condition where price is equal to marginal cost. Legal or not, Ubers entrance into the taxi market has sidestepped many of these barriers. Now, without purchasing a license anyone can become a supplier of Ubers taxi service, and as such this has introduced a great influx of taxi services. The operation of this kick starter app has in fact reformed the entry barriers into taxi markets throughout many Western countries. This is most clearly exemplified in the parallel emergence of Lyft, another start up based on similar principles. Just like Uber, Lyft allows anyone to become a taxi driver and much like Uber it has generated incredible popularity.
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Another way to identify an online location is with a permalink. Permalinks are URLs that are identified as a stable link that the publisher promises not to change. The following are examples of how to cite a journal in MLA 8, both in text and as a full reference in the Works Cited. These were all found via a database. Author Last Name, First Name. Title of Article.
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A city is a large human settlement. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. This concentration also can have significant negative consequences, such as forming urban heat islands, concentrating pollution, and stressing water supplies and other resources. Historically, city dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, roughly half of the world population now lives in cities, which has had profound consequences for global sustainability. Present day cities usually form the core of larger metropolitan areas and urban areascreating numerous commuters traveling towards city centres for employment, entertainment, and edification. However, in a world of intensifying globalisation, all cities are to varying degrees also connected globally beyond these regions. This increased influence means that cities also have significant influences on global issues, such as sustainable development, global warming and global health. Other important traits of cities besides population include the capital status and relative continued occupation of the city. For example, country capitals such as Abu Dhabi, Beijing, Berlin, Cairo, London, Moscow, New Delhi, Paris, Rome, Seoul, Tokyo, Taipei, and Washington, D.
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However, the terms lower middle class, upper middle class, and working class sometimes appear. It is worth noticing how the mainstream media neglect the extremes of the class categories in our society when reporting about the Occupy movement, while the middle class is represented in more than one form. In some ways, the media is trying to empower the middle class by the presentation of different speakers while critiquing the powerful ones i. e. the one percent. And the percentages if you look, I mean, obviously the middle class, the upper middle class, everybody has suffered in the great recession. I guess, hes saying to stimulate the economy they should forgive all these student loans because were generally creating a working class of well educated poor people. And I mean, I only make $35,000 a year, which isnt bad, but Im never going to be able to pay $100,000. Paradigmatic choice is the trends in word choice in multiple texts. From the preceding excerpt examples, we can tell the obvious presentation of inequality with regards to income by the choice among words and phrases used, such as the word economy, percentages and the usage of numbers. Classification is used to classify the social world.
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After all, what was the worst that could happen?He would apologize to the old lady and take his punishment liked a man. Bracing himself, he walked slowly up the weed infested sidewalk toward the old stone stairs. There was nothing but blackness at the top of those stairs, blackness so deep and dark, it was like a giant mouth waiting to engulf him and swallow him whole. Trembling with fear, he wanted to turn around and run as fast as he could to the nearest, brightest light. But he knew in his heart that he could not face his grandfather as long as the broken window went unpunished. Heart pounding, he trudged up the stone stairs, peering into the blackness. As he stepped onto the porch, the moon suddenly peeked out from behind a cloud, throwing a pale, silvery beam of light into the darkness and revealing a solid oak door. He raised his hand to knock on the door, when it suddenly opened with a slow, painful groan. Tommy gasped, and his heart pounded in his ears. Breathing heavily, he stepped over the threshold, hanging onto the door for dear life. He stood still for a moment, listening hard, and waited for something to happen.