StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Response to Peer Comments - Essay Example

Comments (0) Cite this document
Summary
Therefore, I agree with you that one characteristic - and perhaps the most basic - of a transaction is a situation whereby two or more people come together…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
Response to Peer Comments
Read TextPreview

Extract of sample "Response to Peer Comments"

Transactions Transactions Response to Characteristics that Make Transactions Possible The two characteristics you have d resonate well with most people’s views on the characteristics of a transaction. Therefore, I agree with you that one characteristic - and perhaps the most basic - of a transaction is a situation whereby two or more people come together to manage or conduct business, which is the most important characteristic in my opinion since it is the foundation of a transaction. I also agree with you that a trading agreement is another characteristic that makes transactions possible. However to add to your argument, a trading agreement forms a basis on how the parties in the transaction will engage, which underlines its importance. The Office of the Federal Register (2011) supports my view by noting that, a trading agreement specifies “the duties and responsibilities of each party to the agreement in conducting a standard transaction” (p. 811).
Response to the Role Played By Institutions in Transactions
I agree with you that economic institutions define the environment in which transactions occur. I also concur with you on the importance of the law as the institution that enables transactions to take place, which has multifaceted effects since it can limit and/or expand our opportunities. Hence, I agree with you that there will be less return on investment without the institution of law since it acts as a deterrent to criminal elements.
I concur with you that economic institutions are important to spur economic growth since they influence many sectors of the economy. However to add to you argument, I also think that political institutions play a significant role in economic growth. To put this into perspective, kindly allow me to use the case of the two Koreas, which were one country. After the two countries split, the North became a dictatorship while the South became a democratic nation. In effect, South Korea’s democratic political institutions were instrumental in the country’s economic growth, in comparison to the North (Glaeser, Porta, Silanes, &Shleifer, 2004, p. 273). Hence, this agrees with your notion that different institutions have a relationship with different degrees of efficiency, potential for economic growth, and the different distribution of the gains across different individuals and social groups.
References
Glaeser, E. L., Porta, R. L., Silanes, F. L. D., & Shleifer, A. (2004). Do Institutions Cause Growth? Journal of Economic Growth, 9(3), 271-303. Retrieved from http://www.jstor.org/stable/40215873
Office of the Federal Register (U.S.). (2011). Code of Federal Regulations, Title 45, Public Welfare, PT. 1-199, Revised as of October 1, 2011. Washington, DC: Government Printing Office. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Response to Peer Comments Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Response to Peer Comments Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1593360-response-to-peer-comments
(Response to Peer Comments Essay Example | Topics and Well Written Essays - 250 Words)
Response to Peer Comments Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1593360-response-to-peer-comments.
“Response to Peer Comments Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1593360-response-to-peer-comments.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Response to Peer Comments

Response to Comments

...in the 1960’s the money these people had was worth twice as much as today’s money because our elders had greater buying power due to the fact money had not depreciated like it has in today’ economy. DQ2 When a company is using the NVP value method a firm should only accept a project if the project has a NPV above cero. In your response I believe you mentioned that a company could do badly irrelevant of the NPV being above cero. Well this could happen because the NPV analysis is limited to the project that the analysis is evaluating. If a firm has financial troubles that existed irrelevant of the results associated with the NPV of a project then a firm could go down under. The NPV analysis is not a tool that can be used...
1 Pages(250 words)Essay

Jean Twenge, An Army of One: Me, Robert Thurman, Wisdom,Malcolm Gladwellthe power of context

5 Pages(1250 words)Essay

Master Level - Academic Marketing - Research, Theory and Practice in Marketing

5 Pages(1250 words)Essay

Comments to Peer Response DQ1MD and DQ2 JB

... Bargaining Bargaining entails actively persuading a seller to lower his initial price offer. The buyer negotiates to obtain a price that is favorable to him (Shell, 2006). The situation below explains how access to market related information affects the outcomes of a transaction. A situation may occur where a seller values a vehicle at $200,000, but the buyer is only willing to pay $150,000. A surplus of $50,000 exists to be shared by the parties. The presented gains from persuasions may be hard to quantify. The two parties have differed interest as the buyer wishes to acquire the car at the least price possible while the seller wants to trade at the highest price. The buyer and the seller have to make negotiations to a point... Bargaining...
1 Pages(250 words)Essay

Human and Animal Interrelationships from Domestication to Present

2 Pages(500 words)Term Paper

COFFEE TRENDS

4 Pages(1000 words)Essay

Social Network Analysis

4 Pages(1000 words)Essay

Peer on the Homeschooling

...Peer Response al Affiliation Peer Response First and foremost, the post was clearly structured in terms of personal opinion and evaluation of the task at hand. The subsequent events confirmed people’s innate ability to find discernment on the most appropriate course of action given a defined goal. One shares similar contention in experiencing moments when I also go blank and perceive that one needs guidance and direction in pursuing the next phase to a given endeavor. Thus, relaying what transpired was commendable and enabled readers to realize that by being patient and using one’s skills, the next courses of action would simply transpire. Second, the topic and subject...
1 Pages(250 words)Research Proposal

Compere and contrast the presidential and parliamentary institutional structures in Canada and the U.S includes executive, legislature and judiciary

8 Pages(2000 words)Essay

Peer Response

...Peer Response al Affiliation Peer Response Response to Post mate The research question which aimed to determine responses from both, employees and employers, regarding possibilities for sustaining addiction or trauma is actually an interesting and relevant topic in contemporary times. It is true that despite a wealth of information available on the subject matter, there still remains vast challenges on preventing addiction or violence that leads to trauma. However, in reviewing the survey questions that were indicated, I observed that these questions focused more on alcoholism, rather than abusing drugs. Therefore, I suggest that since...
1 Pages(250 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Response to Peer Comments for FREE!

Contact Us