Discussion for online Economics class Essay Example | Topics and Well Written Essays - 250 words

Discussion for online Economics class - Essay Example Needs are the essentials and necessities of life. Based on Grover’s (2011) assertions, it is obvious that people can do without the media even though it makes life comfortable. Given the fact that media is considered as wants and not needs; the executives of such media aim at translating the wants into demand. The only way of attaining this aim is to increase the utility that consumers or the public derive from public media through involving them to be part of the fund drives. Participation of the public in fund drives will make them believe that they need to enjoy the services of the public media hence need to derive some utility (Frank & Bernanke, 2013). Nevertheless, there is a possibility that consumers will engage in rational spending. Rational spending rule involves reducing spending on the basis of increases in prices. Making the public media less public would mean that there will be increases in prices to meet the costs associated with disseminating information (Frank & Bernanke, 2013). Such increases will definitely drive away consumers on the basis of the rational spending rule. Whilst engaged in rational spending, consumers will aim at attaining the highest level of utility hence leveling the marginal utility of consumed products thus leading to aspects of income and substitution effects especially when they change from consuming media products (Frank & Bernanke,

Abraham Maslows Theory of Human Motivation Essay

Abraham Maslows Theory of Human Motivation - Essay Example This essay applies Maslow’s theory of human motivation to my own personal experience. As Maslow’s theory of human motivation advances in a progressive manner, the methodology of this analysis parallels this theoretical structure. When considering Maslow’s theory of motivation in the context of my own existence I recognize that one of the greatest challenges is clearly distinguishing between need fulfillment and need deficiency. Indeed, one of the prominent criticisms of Maslow’s theory is that it is overly contingent on arbitrary distinctions between fulfilled and unfulfilled ("Maslows hierarchy of," 2008). Still, such criticisms seem to partly misread Maslow, who indicated that there was great degree of fluidity of motivation, with need fulfillment approximating percentage form (Maslow). In my own life I recognize that in addition to having needs partially fulfilled, my needs have been fulfilled to differing degrees at differing periods of my life. Before leaving home to attend college my physiological needs were completely accounted for. Indeed, to a great extent the primacy of this need did not come to the forefront of my consideration until moving out of my parents’ home and assuming increased responsibility for my subsistence. Having my physiological needs accounted for during my youth created a strong foundation for my personal development and pursuit of higher level needs. Still, when considering this need I recognize that my personal motivation occurs on both a macro and micro level. That is, when I examine my youth in retrospect, I am able to make the macro-statement that my physiological needs were met; however, I also recognize that there were brief times when during the day I was hungry or sleep period deprived. I believe this distinction is significant as it indicates that human motivation, as progressing through Maslow’s needs system, is a fluid process wherein individuals