Mabel McKay Weaving the Dream Essay Example | Topics and Well Written Essays - 500 words

Mabel McKay Weaving the Dream - Essay Example Mabel was a calm and perceptive kid. She generally gazed about the things. She was powerless to the point that Sarah needed to advised to the individuals who said the young lady seemed as though she was starving to death. At the point when she started to talk an abnormal thing happened that she began anxious evenings and she started to make statements those shouldn't be known by her. She discussed her progression - mother the large woman. Each one was astounded that how could she has referred to anything about that as she was a baby kid at that point. Sarah considered her exceptional kid with one of a kind characteristics. At the point when the Mabel was at twelve years old years, her mom Daisy returned back and attempted to handover her to an old Colusa man. Sarah needed to move Mabel McKay to Mrs. Spencer’s house who was a decent woman and for the most part recruited the Indian to cut the grapes at each fall. There were numerous ways by which the neighborhood occupants following the indigenous practices and perspectives. They communicated their perspectives and followed customary traditions in distinctive social occasion and celebrations. For instance when Sarah went to see her sister Belle, both â€Å"sat on the floor, in the old style, despite the fact that Belle had another table with four entirely agreeable wooden seats. What's more, when they got lethargic, they stayed outdoors in that spot, collapsing up their cloaks for a pillows† (Sarris, 16). The life in valley till was basic however scarcely any things were changed. There were Roads all over the place. where. Additionally the enormous oak tree along the Creek looked dry and along the water where sweet clover developed all year, there was only, dusty earth, and cow fertilizer (Sarris, 17). Following were the normal ways by which the individuals follow the indigenous practices and perspectives.

Aviation insurance Essays

Aeronautics protection Essays Aeronautics protection Essay Aeronautics protection Essay Words miss the mark to communicate my profound feeling of appreciation towards them all, who have conferred their important time, vitality and insight towards the beautification of my venture. I offer my true thanks to our important our organizer for their ceaseless help and consolation. I stretch out my genuine appreciation to PROOF. Restrict JITTERS my guide for directing me all through the venture and for helping me at whatever point required. I likewise thank my arrangement library for additionally express gratitude toward My God, My folks and My companions for their commitment towards the task. Goal of the task This venture has been attempted considering following targets: To comprehend the Insurance Sector in India, its inclination working. To comprehend the idea of Aviation Insurance. To fathom the effects of the new standards on the working of the Insurance division in India. To see how these standards are put to rehearse. This includes comprehension of the alliance of information, the procedure of information arranging, figuring as per the standards, evaluating diverse pressure situations and the last yield of such calculations. It likewise includes close perception of the issues looked in usage. To draw an equal of this circumstance to the Insurance business as entirety. RESEARCH METHODOLOGY Research consistently begins with an inquiry or an issue. Its motivation is to address through the utilization of the logical technique. It is a precise and serious investigation coordinated towards a progressively complete information regarding the matter considered. There are two kinds of information assortment strategy use in my task report. Essential information For my task, I settled on essential information assortment technique for watching Aviation Insurance Company. For this data I visited to the Reliance General Insurance. Posed the inquiries to team lead about the flying protection. Optional information I settled on Secondary information assortment technique was utilized by alluding to different sites, books, magazines, Journals and every day papers for gathering data with respect to extend under examination. Official Summary Aviation Insurance was first presented in the early long stretches of the twentieth Century. The primary flight protection approach was composed by Loads of London in 1911. The organization at an air meet caused misfortunes on a significant number of those first strategies. Protection is one of the most well known in business today since they portrayed the new economy acknowledgment of nation limits. The reason for these examination the valuation procedure approaches in flying by investigating the protection enterprise case base upon the valuation this report will distinguish the why flight protection is required. This report the Indian Insurance part, History of protection in India, History of Aviation Insurance, items highlights of Aviation Insurance, Effects Of 9/1 Attack On Aviation Insurance INDEX SIR. NO CHAPTER History Of Insurance 9_15 2. Inception Development Of Insurance 16-21 3. History Of Aviation Insurance 22-27 4. Results Of Aviation Insurance 28-37 5. Eventual fate of flying protection 38-49 6. Contextual analysis 50-58 7. End Bibliography Aviation Insurance CHAPTER 1 HISTORY OF INSURANCE 1. 1 Introduction Humans have consistently looked for security. This mission for security was a significant persuading power in the most punctual developments of families, clans, and different gatherings. The gatherings have been the essential wellspring of both passionate and physical security since the start of mankind. People today proceed with their journey o accomplish security and lessen vulnerability. We despite everything depend on bunches for money related dependability. With industrialization our physical and financial security has reduced. Humanity is presented to numerous genuine risks, which cause stoppage of pay. The greatest concern any person has is the financial concern. He is continually considering tomorrow and the days to come and he will intend to satisfy the needs of his family, his business and that of his own needs. The financial concerns may emerge because of stoppage of pay. Our salary subordinate, riches getting way of life renders us and our families progressively defenseless against natural and social changes over which we have no control. There might be mishaps, affliction handicap, or because of unexpected passing of the preparation. It is difficult to forestall such catastrophes. In any case, it is consistently conceivable to give against the loss of salary that may result out of such these dangers. Hazard is characterized as vulnerability of budgetary misfortune. On the off chance that the occasion were sure to occur, at that point there be no misfortune in the event that the occasion were sure not to occur, at that point additionally there is no misfortune. It is the vulnerability about the hour of misfortune that stresses the humanity. Protection in India The protection division in India has come a round trip from being an open serious market to nationalization and back to a changed market once more. Following the advancements in the Indian protection division uncovers the 360 degree turn saw over a time of just about two centuries. 1. 2 An Overview of Insurance Industry Insurance has a long history in India. Disaster protection in its present structure was presented in 1818 when Oriental Life Insurance Company started its activities in Triton Insurance organization set up its base in Kola. History of Insurance in India can be comprehensively bifurcated into three territories: a) Pre Nationalization b) Nationalization and c) Post Nationalization. Extra security was the first to nationalize in 1956. Life coverage Corporation of India was framed by uniting the activities of different insurance agencies. General Insurance took action accordingly and was nationalized in 1973. General Insurance Corporation of India was set up as the controlling body with New India, United India, National and Oriental as its auxiliaries. The way toward opening up the protection division was started against the foundation of Economic Reform process which initiated from 1991. For this reason Malory Committee was framed during this year who presented their report in 1994 and Insurance Regulatory Development Act (ERDA) was passed in 1999. Resultantly Indian Insurance was opened for private stalemates and Private Insurance Company successfully began tasks from 2001. 1. 3 Global Standards While the world is peering toward India for development and extension, Indian organizations are turning out to be progressively world class. Take the instance of LICK, which has set its sight on turning into a significant worldwide player following a Rests-center speculation from the Indian government. The organization presently works in Mauritius, Fiji, the I-J, Sir Lankan, and Nepal and will before long beginning tasks in Saudi Arabia. It additionally plans to wander into the African and Asia-Pacific locales in 2006. The year 2005 was a trying stage for the mineral protection industry with a progression of calamities hitting the Indian sub-landmass. Be that as it may, with hearty reinsurance developers set up, safety net providers have effectively figured out how to hold over the emergency with no unfavorable effect on their accounting reports. With extra security premiums being Just 2. 5% of GAP and general protection premiums being 0. 65% of GAP, the open doors in the Indian commercial center is monstrous. The following five years will be testing yet those that can fabricate scale and piece of the overall industry will endure and flourish. 1. Administrative ACTS various acts administer the protection segment The Insurance Act, 1938 The Insurance Act, 1938 was the principal enactment overseeing all types of protection to give exacting state command over protection business. General Insurance Business (Nationalization) Act, 1972 The General Insurance Business (Nationalization) Act 1972 was establ ished to nationalize the 100 odd general insurance agencies and consequently blending them into four organizations. All the organizations were amalgamated into National Insurance, New India Assurance, Oriental Insurance, and United India Insurance. Protection Regulatory and Development Authority Act, 1999 Till 1999, there were no private insurance agencies in Indian protection part. The Gobo. Of India at that point presented the Insurance Regulatory and Development Authority Act in 1999, in this way De-controlling the protection division and permitting and topped at 26% holding in the Indian insurance agencies. 1. 5 Regulations for Indian Insurers To secure the interests of holder of protection strategy and to direct, advance and guarantee methodical development of the protection business Insurance Regulatory and Development Authority (ERDA) was set up. Under the new regulation Indian insurance agencies in private division were allowed to work in India with he following conditions: Company is framed and enrolled under the Companies Act, 1956. The total property of value shares by a remote organization, either without anyone else or through its auxiliary organizations or its candidates, don't surpass 26%, settled up value capital of such Indian insurance agency. The Companys sole reason for existing is to carry on extra security business or general protection business or reinsurance business. The base settled up value capital forever or general protection business is crossers. The base settled up value capital for carrying on reinsurance business has been recommended as crossers. . 6 Role Functions of ERDA: Section 14 of ERDA Act, 1999 sets out the obligations, powers and elements of ERDA. Subject to the arrangements of this Act and some other law for the present in power, the Authority will have the obligation to control, advance and guarantee organized development of the protection business and re-protection business. Without bias to the sweeping statement of the arrangements contained in sub-area (1), the forces and elements of the Authority will incorporate. Issue to the candidate an endorsement of enlistment, recharges, alter, pull back, suspend or drop such enrollment. Security of the interests of the arrangement holders in issues concerning doling out of strategy, assignment by approach holders, insurable intrigue, settlement of protection guarantee, give up estimation of approach and other term

How to Avoid Smoking at Holiday Parties

How to Avoid Smoking at Holiday Parties Addiction Nicotine Use After You Quit Print How to Navigate Holiday Celebrations Smoke-Free By Terry Martin facebook twitter Terry Martin quit smoking after 26 years and is now an advocate for those seeking freedom from nicotine addiction. Learn about our editorial policy Terry Martin Updated on January 28, 2020 Jamie Grill / Getty Images More in Addiction Nicotine Use After You Quit How to Quit Smoking Nicotine Withdrawal Smoking-Related Diseases The Inside of Cigarettes Alcohol Use Addictive Behaviors Drug Use Coping and Recovery Alcohol lowers inhibitions, and thats not a good thing for a person who is working to quit smoking. While under the influence of alcohol, its easy to think that smoking just one or just for tonight is okay and that we can resume our quit programs tomorrow without a problem.Such has been the ruin of many a good quit.There is no such thing as just one cigarette when it comes to nicotine addiction. Create a Strategy for Smoke-Free Holiday Parties Youre also smart to be thinking about this scenario in advance. Look ahead at what you may be faced with when attending holiday events this year and formulate a strategy to manage them smoke-free. Preparation fortifies resolve and will allow you to meet the challenges that come with confidence. Use the tips below to help you come up with a plan. Dont Drink The obvious first choice is simple: Avoid alcohol entirely. Drink cranberry juice with seltzer water or another non-alcoholic beverage of choice. No one but you and the bartender needs to know the difference. Know Your Limits If you do drink alcohol, be careful. Limit the amount you consume. For instance, you could substitute every other drink with a glass of sparkling water with lemon. It will dilute the alcohol youve had, keep you hydrated, and will give you something to sip on while socializing. Youll have a much easier time maintaining  control if you stay sober. Plan an Escape Route If people are smoking close by and it begins to bother you, be proactive. Perhaps you can explain that youve recently quit smoking and ask them to refrain. If thats not comfortable for you, excuse yourself for a few minutes and go to the bathroom or step outside for some fresh air. When cravings to smoke hit, the key is to quickly change your focus. Interrupt your thoughts and youll snap yourself out of junkie thinking. Dont Go If youre worried about keeping your quit program s at the holiday party this year, consider simply not going. No, this doesnt mean you need to avoid living your life.  If just means that your top priority this holiday season should be smoking cessation. Think of it this way...early on, quitting tobacco takes a lot of effort and focus for most people. In order to succeed, your quit program must be in the top slot of your priority list for as long as it takes. If you fear the temptation to drink will be more than you can handle, dont push it. There will be more parties next year. Give yourself the time you need to heal from this addiction. Do the work now to change your relationship to smoking, and the day will come when drinking alcohol no longer triggers the urge to smoke. A Word From Verywell Alcohol and early smoking cessation are not a good mix. Its important to maintain control of our senses when were learning how to live a smoke-free life, and alcohol puts all of that hard work at risk.   Quitting smoking is not a sacrifice, its a gift. Youre moving toward a better life, one that is free of addiction and all of the strife that goes with it. Youre building a healthier and happier you, and the  benefits  awaiting you go well  beyond what you can probably  imagine. Provide yourself with the best possible environment for success that you can as you move through your first smoke-free holiday season and year. Do this now, and by the time the holidays roll around next year, smoking will just be something you used to do, not something you miss or wish you could do.

Compare And Contrast Robert Peel And August Vollmer

Robert Peel and August Vollmer There were many men and woman who made significant contributions to law enforcement and policing but Robert Peel and August Vollmer are some of the most well-known men. Through all of the people who built the law enforcement system the term general service law enforcement agencies is defines by Walker and Katz as agencies that regularly engage in preventing crime, investigation crimes and apprehending criminals, maintaining order, and providing other services. In the United States, police began in 1838 and officers had no real training, education or procedures but that did not last forever with the help of Robert Peel and August Vollmer. Sir Robert Peel was born on February 5th 1788 and died on July 2nd†¦show more content†¦11. Police officers should be hired on a probationary basis. 12. Police records are necessary for the correct distribution of police strength. All of these principles still play a huge role in modern police. Police departments in America try to promote community policing and work hard to partner with other police departments to work together to solves issues in the community. Sir Robert Peel tried hard to include all issues of the time in his principles, but he never could have predicted the modern day issues of gangs, cartels and all of the other violence that has come about since his time. Law enforcement has had to change a lot over the years to accommodate all of the problems they must deal with that Peel could not have predicted. Vollmer once stated, The policemans job is the highest calling in the world. The men who do that job should be the finest men. They should be the best educated. They should be college graduates. Thats what policemen should be. And what are they? Dumbbells. According to a website called study.com, Vollmer was born in New Orleans, Louisiana in 1876 but soon after his father’s passing, his mother moved them to Germany where he would study and grow up. It was not till Vollmer’s teen years that he moved to Berkeley, California where many of his accomplishments would come about. Vollmer also served in the United States army and was stationed in the Philippines after the outbreak of the Spanish-American War in 1892 and then

Should Parents Have The Free Choice - 983 Words

Americans are being treated as if they don’t know anything about health. The Federal government is forcing American families to take vaccines against their will. Parents that do not take action and don’t provide their children with the â€Å"proper† vaccines can be fined or go to jail. This issue has been an ongoing problem, however, now in many states the government is not even allowing any type of exemption. I disagree with the government and I think that parents should have the free choice as to what vaccines they think is right for their children, being that vaccines don’t always work and they can also cause severe health problems. I think the reason why the government wants everyone vaccinated is for economic reasons. Vaccines work by injecting dead or weak infections into our skin, which the body creates an immune defense system to the infections. The best way for our immune system to recognize these infections is through our mouth, nose and eyes. Sticking a needle in our skin is not a good way for our body to get immune to these infections because it does not go directly in our blood flow. Additionally children under two years of age, don’t always develop proper immunity and therefore, not only does this weaken the immune system, it can even make these vaccines ineffective {world health organization}. There are many examples of kids being â€Å"immunized† and being the most susceptible to getting that same infection that their where treated for. One example, in 2002 it was aShow MoreRelatedSchool Voucher Program Should Be Abolished1727 Words   |  7 Pagesschool in the state. Schools have the choice to participate in the program. However, if public schools choose not to participate then state funding will be reduced and reallocated to participating schools. However, a few school districts are exceptions. I recommend abolished traditional public schools in Hartford, East Hartford, Bloomfield, and Manchester. The current performance of students is unacceptable in those district that have high minority and poverty levels. You should close the public schoolsRead MoreShould We Need The Right Choice?1276 Words   |  6 Pages To have and to raise a child is no easy task, and with that responsibility comes many tough choices. Parents are often put in situations where making th e right choice is critical. Not making the right choice can cause preventable illnesses to the child. Moreover, having to care constantly and pay attention to the child is one basic requirement of being a parent. Being able to make the right choice when needed is crucial. Parents are most often scared for their children’s health and want the bestRead MoreArranged Marriage vs. Free-choice Marriage Faizan Sadiq1614 Words   |  7 PagesArranged Marriage vs. Free-choice MarriageHappy marriages begin when we marry the ones we love, and they blossom when we love the ones we marry (Tom Mullen, 2005, p.1). It is argued that free-choice marriages based on love or romance, offer more independence and freedom as compared to arranged marriages where the man and woman are chosen by the parents and so there is pressure and is not so suitable and independent. However, no marriage is necessarily an ideal sort of marriage. Therefore, it becomesRead MoreHomeschooling s Liberalism By David Mi lls1190 Words   |  5 PagesHave you ever done something so controversial that it brought extreme criticism to you? This is what happened to David Mills. In â€Å"Homeschooling’s Liberalism† by David Mills, we read a story about Mills personal experience when he tells people his children are homeschooled. The story he tells us is more about their reactions and why he feels justified in homeschooling his children, rather than how Mills homeschools his own children. Mills stands by his decision to homeschool his children for severalRead MoreThe Pros And Cons Of Arranged Marriage1006 Words   |  5 PagesStates of America Constitution â€Å"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.† We as a nation are based upon freedom and free choic e. Races and nationalities have fought for freedom and equal rights. If Arranged Marriages are taken away, it takes a way the freedom of religion doingsRead MoreIs Happiness the Purpose of Life?1317 Words   |  5 Pagespurpose of life? Is it to be happy? Everyone has that desire, to have happiness. We even base our decision we by how it will affect our happiness. In our life we experience happiness and unhappiness, but we are oblivious as to what happiness is. What comes to mind when thinking of happiness? Is it pleasure, the thought of the good life, prosperity, or is it something else? We won’t be able to have a response to that question until we have a notion of happiness. When reading this quote, I connected itRead MoreSummary Of The Night Of September 15 1256 Words   |  6 Pagesâ€Å"affluenza† not found in any respected medical journal. A Psychologist named Dick Miller testified at Couch s trial that he was given freedoms no young person should have and th at Couch felt no rational link between behavior and consequences† (Strauss). His claims that Ethan suffered from a disorder in which he was the casualty of parents who did not set boundaries, therefore he was not responsible for his behavior defies logic. They used the fallacy of post hoc ergo propter hoc. The defense teamRead MoreThe Choices We Make1312 Words   |  6 PagesThe Choices We Make Poverty in the United States today has many faces. 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There are several factorsRead MoreFree Range Parenting Is Too Dangerous For Children1676 Words   |  7 Pagesto their parents. After the police took the kids home, he warned the kids’ father of potential dangers that his kids could have faced while walking unsupervised. (Griffin) These days, there are many other cases similar to this where kids walking home unsupervised are reported to authority and taken into supervision with their parents being warned in some ways as a consequence. So what makes kids walking home unsupervised such a nation-wide controversy? Free-range parenting. Nowadays, free-range parenting

Being a Fair Leader. Essay example - 1116 Words

Being a Fair Leader. To be a leader, to control and guide people in the right direction is what most of the people are aiming to do in life. Being the main person in the group certainly means that the individual has a lot of power over the public and is able to influence people as he wishes. It might seem that once the person achieves his goal of being above others and starts controlling other people, his duty becomes straightforward and undemanding. However, the role of a leader is very strenuous and challenging. The person who has authority has to balance his personal desires with the needs of people for whom he is in charge. Even though he is enforcing the law does not mean that he can manipulate it as he wants. Moreover the leader†¦show more content†¦These changes make us see a considerably different person and therefore appreciate his performance differently. To see the difference between the Sophocles and Anouihs king I would like to analyze two plays and see how Anouih changes the kings personality making him a true model of king not changing the circumstances of the play and Sophocles description of the same ruler leaves us in doubts and displeasure. Those stories were based on the myth, which describes the life of a royal family. When the king of the country died, one of his two sons had to take over and rule the country. However the other brother also wanted to become a king, and despite their great decision to rule the country by alternating each year, it eventually caused a war in which both brothers died. Creon who was next in becoming a ruler made a law not to bury the brother who attacked the city. However, Antigone who was the sister of those brothers broke the rule and was punished for disobedience. Creons son kills himself when he realizes that Antigone, with whom he was engaged, is dead. The deaths did not stop there and t he wife of Creon kills herself after she receives the news that her son Haemon is dead. In Sophocles version, Creon was presented as a cruel, stubborn man whose authoritarian behavior showed him as a negative character of the play. His malicious attitude toward other charactersShow MoreRelatedThe Success Of Higher Ambition Leaders938 Words   |  4 PagesHigher ambition leaders are those who see the organization in its totality, its possibilities and potential. Higher ambition leaders are able to communicate to all employees the ability of the organization to value financial and social values equally (Pierce Newstrom, 2014, p.85). 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Operations of Natural Monopolies Samples †MyAssignmenthelp.com

Question: Discuss about the Operations of Natural Monopolies. Answer: Economics Individual Assignment Essentially, natural monopolies exist due to the existence of high entry barriers for other firms into the industry thus creating a single producer of goods and services with no close substitutes. Regarding regulation of natural monopolies there is need to properly understand market structure of natural monopolies, analyze merits and demerits of this market structure and its relevant theories. Also, it is important to illustrate the methods used by government to regulate the operations of natural monopolies. Moreover, it is vital to understand how the government enforces its regulation to achieve the desired regulatory goal. Equally, it is important to understand why the government considers it necessary to regulate the operation of natural monopolies. Ways to Regulate Price Setting of a Natural Monopoly Undoubtedly, government regulation of the optimum prices for natural monopolies is vital for consumer protection and welfare. Noteworthy, most governments have incorporated taxation as a way to regulate the price of goods and services offered by natural monopolies in the sense higher taxation is placed on higher prices of goods and services(Boundless,2017) Additionally,price ceiling has been implemented by most governments to contain the prices of monopolies in that the government sets a price limit for a given good or service thus curtailing the freedom of natural monopolies from charging excessive prices(Welker,2013). The government creates a maximum price that sellers can charge for their goods and services. Consequently, this leads to the regulation of the price charged by natural monopolies. Further average cost pricing which reduces the flexibility of firms to set their own prices is considered effective in regulating pricing in monopolies. For some natural monopolies, the price of goods and services are typically low due to the fact that average total production cost continues to decline over a period of time(Pettinger,2012)Further, low cost are boosted by the fact that there is a fixed cost hence a natural monopoly can operate without competition thereby maintain considerably lower prices thus no need for government price control measures (Open Text, 2017)However, there will be need for government to maintain anticompetitive measures for other firms to deter competition for natural monopolies who might otherwise raise their prices in the event of competition. Also, government ownership of natural monopolies keeps prices in check in the sense that the goal of operation will be public interest and consumer protection rather than profit maximization which might trigger exploitative prices(Spaulding,2017).The government can naturally monopolies necessary services such as water and electricity supply so as to be able to avail the services to most citizens, the rich and the poor due to affordability capabilities .Also, price floor have been implemented by various governments to ensure natural monopolies make a substantial profit and at the same instance protect the consumers through setting of minimum price for commodities and services. Price floors are meant to help business make profits despite minimum prices. Additionally, price caps have been used to control the price of goods and services for consumer welfare (Tejvan, 2017) Usually price caps are determined by regulatory bodies. Through price capping,monopolies are forced to adopt prices way below the set price over a given period of time (Open Text, 2017).Usually, price capping encourages significant price drops of goods and services over a given time frame. For instance, most economies have water and electricity regulatory bodies under the government which decides the maximum price. Predominantly, regulatory bodies are meant to control the price of commodities. Also, yardstick or the rate of return approach is used to regulate prices in that the size of the monopoly is considered with the optimal profit from the capital such that in the case of excessive profits ,price cuts are implemented(Tejvan,2016)Usually, yarding allows monopolies to cover their cost of operation while having substantial returns . Predominantly, legislation has been used to regulate various business activities and pricing for goods and services is no exception. Most economies have enacted price regulations Acts and guidelines to guide monopolies and other firms in other market structures such as duopolies, on the minimum and maximum price for goods and services. For instance, the Independent Republic of Papua Guinea,has enacted the Prices Regulation Act (Chapter 320) of its National laws(Independent Commission for Consumer and competition and Commission 2017)Most government have statutes regulating the prices of goods and services ,most specifically ,there are acts of parliament on utilities. Usually utilities include services such as water and electricity. Largely, the non-existence of natural monopolies through encouragement of competition from other industry players by government through relatively low barriers will reduce monopoly power over price control thus regulating price of goods and services.In the event that theres perfect competitive market according to the concept of perfect competitive markets, then theres consumer sovereignty as opposed to monopoly power under natural monopolies .Natural monopolies are price setters as opposed to price takers in perfectly competitive markets. Ideally, perfect competitive markets are the best market structure. In the event that natural monopolies are eliminated or unable to exist, then it follows naturally that theres no need for regulation by government .Theres need for government to establish competitive business environment to balance out market structures. Alternatively, price control for monopolies can be regulated through marginal cost pricing which requires that all natural monopolies to produce goods and services where the quantity of goods supplied touches the demand curve thus setting the price for the commodities and services produced by the natural monopoly (Open text,2017) Through marginal costing, consumers are assured of surplus at considerably lower prices.Further, theresallocate efficiency for firms adopting marginal cost system of pricing attributed to the marginal cost of goods incurred in production of the quantity supplied.Additionally, cost plus regulation whereby government set price levels over a given period of time through addition of normal profit rates to accounting costs of the firm has been adopted. Lastly, the implementation of a government based deficiency scheme of payment will for a long way in reducing the price of goods and services offered in the market and the same goes for natural monopolies (ILRI, 2017)Through the deficiency scheme of payment, producers of a good or services are given compensated profits on condition that they charge low prices for consumer welfare. Moreover, theres a consumer subsidy which is aimed at boosting consumption at considerably lower prices with no impact on natural monopolies(ILRI,2017)A consumer subsidy reduces the prices for goods and services thus making them affordable for the consumers. The subsidy is offered by the government to its citizen for domestic consumption and benefits. Reasons for Regulation Essentially, governments may regulate the price of goods and services to protect consumers from exploitative prices in that without regulation, natural monopolies will set higher prices to maximize profits which ends up hurting the consumers(Tejvan ,2016) .Further, regulation of natural monopolies is done to avoid or reduce allocativeinefficiencies for natural monopolies(Stanbury,2015).Perfect competitive firms are likely to experience allocative efficiency as compared to natural monopolies(Tejvan, 2016)Economically and theoretically, perfect competitive markets are ideal for consumer welfare and are considered economically and allocatively efficient as contrasted with natural monopolies. Further, Monopolies are regulated to prevent abuse of power(Pera, n.d).Typically, monopolies are price setters thereby making consumers price takers. Typically, profit maximization being the main goal of operating an enterprise, natural monopolies are likely to charge the highest price for goods and services in the absence of government regulation(Bigger, 2008) In addition, monopolies are regulated for quality assurance reasons. Due to the existence of a monopoly, the firm might not fulfill the minimum quality standards hence the need for government to intervene and ensure that the quality of goods and services to be observed.Also, throughregulation, deadweight loss is eliminated according to the deadweight loss hypothesis thus the ad vocation of marginal costing to regulate monopolies (Bigger, 2008) In addition, regulation of natural monopolies is vital in creating competition and providing an equal footing for other firms in the industry(Brink of Economic thoughts,2017).Lack of competition,leaves consumers at the mercy of the natural monopoly and other firms who would otherwise venture into that industry are prevented to by high entry barriers and other advantages enjoyed by natural monopolies(Amir,2015) .Further,natural monopolies undermine consumer choice and sovereignty due to the lack of variety or substitute goods or services and price setting power respectively(Economics Online,2017)More so,the ability of monopolies to regulate their output may be abused through limited supply thus denying consumer surplus in order to hike prices for profit maximization at the expense of the consumer . Economic efficiency is also another motivator for government regulation in the sense that unregulated monopolies are likely to have prices way above the marginal cost and high production costs which is considered economically inefficient(Boundless,2017)Further, market failure motivate the need for regulation. Also, natural monopolies may depict high production costs just to deter entry of prospective firms into the industry in an attempt to maintain monopoly power over its market share. Perfectly competitive market structures are considered economically and allocatively efficient hence making them the ideal market structure whereas natural monopolies are considered inefficiently economic and allocatively thus the need for government intervention to promote efficiency. Typically, quality assurance is vital for consumer welfare hence the need for government intervention in the operation of natural monopolies to ensure consumer get the best quality goods and services.Usually,without any form of regulation or monitoring,producers might get sloppy and greedy thereby producing substandard goods which are harmful for consumption(Knownai,2011)By and large,regulation of monopolies exists to protect smaller firms likely to enter the market dominated by monopolies(C.s. Stanford,N.d)in the case of regulation through windfall taxation systems, governments aim to encourage reinvest of profits incurred by natural policies as opposed to payment of dividends to its shareholders .In a way ,regulation helps distribution of income between producers and consumer. Through regulation of monopolies, restrictive trade practices and barriers are eliminated.Essentially, the existence of a monopoly is characterized by high operating cost, high entry barriers into the industry, large economies of scale among other factors thus the need for government regulation to allow entry of other smaller and upcoming firms (Investopedia, 2017) Natural monopolies deny other investors from entering its share of the market due to the various advantages it has over smaller firms. Smaller firms are unable to easily enter a naturally monopolized market as opposed to perfectly competitive markets.Ideally,consumer interests such as choice, variety and sovereignty are realistic in a perfectly competitive market as opposed to a naturally monopolized market thus the need for regulation. Conclusion Undeniably, there are concepts, theories and principles advocating for and against government intervention in the affairs of natural monopolies. Seldom do natural monopolies exist but they do. Majorly, Regulation is all about consumer surplus, satisfaction, choice, sovereignty and welfare as opposed to profit maximization .Regulatory measures are enforced by government based agencies and bodies, mainly through legislation. The most common ways of price control of monopoly power is through price ceiling, price capping, taxation, average cost pricing and marginal cost pricing.Most of these regulatory prices are considered not mutually beneficial for consumers and producers. Arguably, regulation seeks to protect the interests of consumers rather than natural monopolies or producers. All in all, government intervention through regulation is faulted for the unforeseeable consequence of optimum price and output which is more theoretical than practical. Further, government regulatory bodys employees are considered a tax burden on ordinary citizens. Besides, natural monopolies rarely exist and if they do, they last for a short period of time thus making regulation not a full proof solution for market failure and inefficiencies. Nonetheless, the heart of regulation is in the right place as it seeks to protect the consumer, who is considered weak as compared to producers.Through regulation, most government strive to achieve consumer protection and welfare while creating a friendly and competitive business environment as opposed to profit maximization which is considered ideal for most economies as compared. References Amir.(2015)Advantages and Disadvantage of Monopoly.Economics Guide.Retrieved from https://www.economicsguide.me/?page_id=1044 Bigger, D. (2008) The Rationale for monopoly legislation: Why do we regulate monopolies? Australian Competition and Consumer Commission. Retrieved from https://www.accc.gov.au/system/files/The%20Rationale%20Reg%20Connf%29.pdfs Boundless.(2017)Regulation of Monopoly.Boundless. 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