Price and Demand in the UK Tennis Tournament Essay

Price and Demand in the UK Tennis Tournament - Essay Example The intervention of this situation has both negative and positive consequences. For instance, the set price from the government’s perspective is a positive factor that can enable it to control and regulate the average prices in order to achieve a given level of market output. Moreover, this will enable consumers to afford the prices because of their relative low nature (Taylor, 2008). However, this intervention will help create a black market for illegal transactions resulting from the technique of first comes, first to be served because scrupulous individuals will access the tickets in advance with the aim of selling them later in the black markets at high prices for profit. For instance, according xxx the price of a ticket in the black market is around $379.12, which is higher by about $273.76 of their actual price in the market. Therefore from the society’s point of view, this is a negative consequence which increasing the standard of living (Banerjee & Duflo, 2011). In addition, this intervention and development of the black market will have negative repercussions on the general economy. Firstly, it will result to underestimation of the gross domestic product (GDP) and national income of the UK. Therefore, because of this the government cannot be able to determine the real status of the economy in order to establish correct policies aimed at improving the standards of living for its citizens. Secondly, the rise of the black market can create employment opportunities for the local people.

Hazard Essay Example | Topics and Well Written Essays - 4250 words

Hazard - Essay Example Therefore, hazardous chemicals should be appropriately labeled and stored in a place where they are not easily accessible to untrained staff. â€Å"A hazard communication program contains three basic components: labels, MSDS, and employee information and training† (106). Suppliers should provide labels on chemicals and each chemical should have a document describing its properties, hazards, and proper handling. Employees should be trained to know hazardous chemicals and how to protect themselves against physical or health hazards. This source is very important since it enables employers to know which provisions there are under the law, and gives employees the right to sue employers for non-compliance with hazard communication. This source compares to the book safety and the security professional: occupational safety and health strategies in the Annotated Bibliography (AB), in that they both base their interpretation of hazard communication on the Occupational Safety and Health Administration. This book, however, contrasts with the book Hazardous chemicals: control and regulation in the European market, because the latter centers on the classification of hazardous chemicals, while the former focuses on the legal aspects of hazardous substances. ... The author states that, â€Å"the entire safety program is driven to ensure that accidents are avoided, that workers remain healthy, and that productivity is maximized† (105). This can be achieved through staff training to ensure adequate disaster preparedness, and prompt emergency response and self protection. According to Wyman, â€Å"communicating chemical hazards starts with employers assessing the presence of hazardous chemicals in the workplace and establishing safety programs to minimize those hazards† (205). Ideally, hazard communication should, therefore, serve to notify employees of the hazardous nature of chemicals found at their place of employment. The work is imperative in the annotated bibliography, since it sheds light on how employees at all levels- ranging from directors to supervisors and subordinates - can ensure protection at the workplace, through hazard communication. This book compares to Hazardous chemicals: control and regulation in the Europea n market, in that both books provide information on how members of staff is supposed to protect themselves from physical and health hazards, for example, irritants and carcinogens. This source differs from the book A Guide for Safety And Loss Prevention Professionals in that the latter focuses more on the legal aspects of hazard communication, while the former emphasizes on safety maintenance at the workplace. Disaster management is indeed a practice that cannot be alienated if hazards have to be handled in the workplace. California Department of Industrial Relations. Guide to the California Hazard Communication Regulation. California: California Department of Industrial Relations, 2000. Print. In this guide, the