Wednesday, November 28, 2007

Market

A market is a social arrangement that allows buyers and sellers to discover in sequence and carry out a voluntary replace of goods or services. It is one of the two key institutions that organize trade, along with the right to own goods. In everyday usage, the word market may refer to the place where goods are traded, sometimes known as a marketplace, or to a street market.

In economics a financial market is a device that allows people to easily buy and sell financial securities, commodities, and other fungible substance of value at low transaction costs and at prices that reflect capable markets. A stock market is a market for the trading of company stock, and derivatives of same; both of these are securities scheduled on a stock replace as well as those only traded privately.

Tuesday, November 20, 2007

Ethnic diversity

The Affirmative action can be defined as action taken to compensate for past unfairness in the education of minorities. The present system of affirmative action allows universities to admit applicants from certain ethnic and minority groups with lower credentials. The main aim of affirmative action is to produce a diverse campus population that is comparable to today's society. The use of race as a main factor by which someone is admitted to college in the long run will compromise the quality of the university. By Implicating affirmative action to solve the problem of diversity on today's campuses has lead to the creation of problems.

The discrimination which is against Caucasian and Asian American students a long with the toleration of lower quality work produced by African American students and other minority students is an example of the problems caused by the Affirmative Action. Though the affirmative action intends to do good, which lowers the standards by which certain racial groups are admitted to college is not the way to solve the problem of diversity in America's universities. The present condition of America's public schools is directly responsible for the poor academic achievement of minority children.