Marxist Econ Analysis Essay Example | Topics and Well Written Essays - 750 words

Marxist Econ Analysis - Essay Example Money and commodity are considered as value forms or means by which a value may exist and this is quite analogous to pointing out that the value placed on money is equal to the value placed on commodity once the money is utilized to purchase the commodity. In the process, money translates itself to commodity in value so despite the absence of literal transformation, the metaphor with value works to convert money as one form of value to commodity as another. This is basically why Marx finds it conducive to begin with commodities as groundwork for discourse on capital. If commodity runs out of value, the making of capital, which also depends on the projected output, would be insignificant. To Marx, in the building of an identity as a capitalist, one works under circumstances of trade in which a capital initially bears no potential but is gradually generated as long as negotiating equivalents involving commodities takes place. (2) What is the distinction that Marx makes between use-valu e, exchange-value, and value? On exchange-value, Marx claims that â€Å"exchange-value appears to be something accidental and purely relative, and consequently an intrinsic value.† Marx additionally points out that there emerges â€Å"contradiction in terms† attached to the exchange-value where exchange-value is expected to be similar with commodities of interest though it functions in another domain. In other words, while exchange-value may be expressed through a specific commodity, its evaluation cannot be based solely on objects of trade common to it. As such, during exchange, a value of a set of goods or service may reflect the value of a different set of goods or service and the commonality in the reflection of their worth only works in processes bounded by the exchange or trade in occurrence. On the other hand, use-value is basically perceived as the value of something that is found in its use. Eventually, Marx provides the corresponding definition stating that à ¢â‚¬Å"The utility of a thing makes it a use-value† where he adds â€Å"Being limited by the physical properties of the commodity, it has no existence apart from that commodity.† So, use-values would only materialize when the product undergoes consumption or utilization so that its value is identified via utility or certain characteristics for which it is taken advantage of. Through Marx’s labour theory of value, an economic value is â€Å"inherent in objects; remains constant despite changing demand, the passage of time, and other factors; and can be ‘objectively determined’ by calculations based upon some fundamental scientific principle.† However it takes effect, as long as it is intrinsically built on commodity, value would keep its essence whether it shrinks or expands in magnitude. It turns out that value is ‘what something means to someone’ in simple terms and the meaning of a commodity on the basis of its known economic sig nificance or social relevance serves as its value. (3) Is value an inherent property of all things produced in every mode of production? In other words, does value exist in non-commodity producing economies? For Marx, the ‘

The Royal Mint Marketing Research Essay Example | Topics and Well Written Essays - 2000 words

The Royal Mint Marketing Research - Essay Example Further, marketing research can be identified as the process that links customers, marketing agents and the pubic – to the marketing agents in question, through knowledge – which is utilized, in the process of defining and identifying marketing problems, and opportunities. The process is also focused at the generation, refining and the analysis of marketing activities. The process also involves the monitoring of marketing routines, and improving the comprehension of marketing as a progression. Also, marketing research offers the specifics of the information needed to address these problem areas, offers insights into the designs of collecting necessary information, and offers a platform for the implementation and management of the data collection models under usage. Marketing research, also aids in the analysis of results from marketing inquiries, as well as offering models of communicating the conclusions and the implications of their implications. Further, marketing re search may be split into two, depending on the focus of the information quest – these including business to business marketing inquiry and consumer marketing exploration (Bradley 2007; Marder1997; Young 2005). The practice of marketing research is guided by the target market under question, or the methodological approach in question. Consumer marketing inquiry is an applied study of the preferences of the market, seeking to understand the attitudes, preferences, and the behaviors of the customers in a market oriented economy. The aim of the inquiry is to comprehend the comparative success and the effects of marketing promotions. This field of consumer research – as a statistical study was founded by Arthur Nielsen, especially, during the 1923 after the creation of the ACNielsen Company. On the basis of the coverage of the marketing research, this field may be described as an objective, systematic identification, evaluation, collection, and transmission of information f or the course of aiding management teams, during the processes of decision making. This is in relation to the recognition and offering of solutions of problem areas and opportunities under marketing (Kotler & Armstrong 2007; Malhotra 2002). The research Proposal Introduction Royal Mint has been in operation for more than 1,100 years ago. The company has developed into a global, market leader in the manufacture of coins, military medals and commemorative coins and medals for different organizations, these including schools, businesses and governments. The company has grown to become the world’s leading exporter of coins and medals. In 2009, the company was commissioned by the HM Treasury, for the manufacture of all the coinage used in the U.K. The company is fully owned by the HM Treasury, and is considerably established across the globe, but more established at the U.K, where the company’s operations are secured by the Ministry of Defense personnel –