Conflicts Resolution Conflict Resolution - 1827 Words

Running Head: Conflict Resolution 1 CONFLICT RESOLUTION VII Conflict Resolution Delonna Reed ANT101: Introduction to Cultural Anthropology Tracy Samperio September 26, 2016 Abstract Within a neighboring community, compromise and sacrifice are a thing of necessity and need not be considered advantageous. A very good example will that which is displayed among the people of the Hadza and Zapotec cultures which profoundly are different in how go about living their daily life?s but still share a great similarity in how the resolve their conflicts. In the course of this paper, struggle within the two viewpoint culture and community will be discussed. According to Crapo (2013), culture is defined as ?a way of life of any individual or group of individuals.? For the two cultures identified, conflict resolution is not based on language, cultural failure or customs as the have nothing in common in those respect. The overall good of parties involved is the main reason why compromise is reached. According to Durham (1992), ?it is economically important that each culture rely on conflict resolution as opposed to other less productive measures that could lead to a le ss desirous outcome or even risk catastrophic loss.? Just as Crapo (2013) stated, ?Communication is a key element in any society when attempting to resolve conflicts that may arise among its societal members.? In a study of language and evolution among families and communities conducted by Durham (1992),Show MoreRelatedConflict Resolution : Conflicts Resolution988 Words   |  4 PagesWhen it comes to conflict resolution there are several ways to handle this. There’ve been several times that I’ve had to deal with conflict resolution. Conflict resolution also has several tips that you can learn to be able to handle a conflict. A conflict resolution can be handled in a positive way or a negative way. What is conflict resolution? In Community Tool Box it states â€Å"Conflict resolution is a way for two or more parties to find a peaceful solution to a disagreement among them. The disagreementRead More Conflict Resolution Essay614 Words   |  3 Pages Conflict Resolution nbsp;nbsp;nbsp;nbsp;nbsp;What does conflict resolution mean to me? Conflict resolution is when an impartial or neutral person puts a plan into action to resolve and settle issues within an organization or a team. In the business world today a great amount of focus is being placed on employees working as team unit to increase new ideas, distribute more job responsibilities among a larger group, and most important create a unified front and camaraderie. Along with advantagesRead More Conflict Resolution Essay1054 Words   |  5 PagesConflict Resolution Conflict is part of human existence. The world is filled with conflicts in all realms of life. Evidence of unresolved conflicts in greaterRead MoreConflict Resolution Paper2205 Words   |  9 PagesConflict Resolution Paper As nurses, it is imperative that we have skills to deal with conflict we encounter throughout the day. Some conflicts are easily handled with simple solutions; other disagreements can persist for weeks or even months and never be handled in a proper way to resolve the situation. The later kind of situation can create resentment, anger, and animosity between employees or colleagues. In this paper I will describe a conflict situation with resolution strategies usedRead More Conflict Resolution Essay1017 Words   |  5 Pagesprofessional to personal, they are all prone to encountering some form of conflict. John Dewey has designed a problem solving sequence with 6 (six) steps, listed and explained below, to facilitate resolution of these conflicts. nbsp;nbsp;nbsp;nbsp;nbsp;Since the way one deals with conflict within the relationship will affect how the relationship progresses, it is vital that one posse all the necessary skills to resolve conflict in a way that brings satisfaction to everyone involved. Dewey’s stepsRead More Conflict Resolution Essay1288 Words   |  6 Pages Major conflict that is not dealt with can devastate a team or organization (Make Conflict Work, 2008). In some situations, conflict can be more constructive than destructive. Recognizing the difference between conflict that is constructive to the team and conflict that is destructive to the team is important. Trying to prevent the conflict is not always the best way to manage conflict when working within a team setting. Understanding conflict, what causes it, and how to resolve conflict effectivelyRead MoreQuestions On The Conflict Resolution Process1757 Words   |  8 PagesDiscuss the conflict resolution process that you would use to resolve th e workplace situation. †¢ Take responsibility for finding a solution to conflict: Meeting for finding a solution to conflict with both parties †¢ Establish and agree on the nature and details of conflict with all parties and assess impact: When resolving a conflict, start by finding common ground. Identify and acknowledge areas of agreement and then move on to negotiate areas of disagreement. †¢ Deal with conflict sensitively,Read MoreConflict Resolution Strategies Essay1444 Words   |  6 PagesConflict Resolution Strategies Conflict has long been viewed as negative, and is usually associated with things as trivial as an argument to something as extreme as war, and is seldom seen as beneficial. In the team environment however, conflict can be very beneficial if recognized early and managed properly and can enhance team performance as well as relationships between team members. Conflict is inevitable as humans interact, because not everyone shares the same beliefs, values, opinions, levelRead MoreInterpersonal Communication And Conflict Resolution1439 Words   |  6 Pagesresearch resources that helped me understand my interpersonal communication topic, Conflict Management, and how theories, relevant skills and strategies can play a big role throughout the resolution and frequency of conflict among my peers. Personality Types and Development of Adolescents’ Conflict with Friends This study aimed to examine the developmental pattern of adolescents’ conflict frequency and conflict resolution with their best friends, and differences in these developmental changes betweenRead MoreOpportunity For Improvement : Conflict Resolution1180 Words   |  5 PagesOpportunity for Improvement: Conflict Resolution As humans being we should constantly be trying to improve ourselves each and every day. It is not easy to try and assess ourselves but it is a necessary task. We have strengths and weaknesses that make us unique and it is important that we accept our flaws but at the same time try to improve them. Hence, we should refer to our vulnerabilities as opportunities for improvement in order to better ourselves. This has been a constant struggle for me because

Effects Of Diabetes On The Incidence Of Diabetes - 818 Words

Introduction Type 2 diabetes is a major cause of mortality and morbidity in developed countries (ref). Perhaps because of this, it is frequently mentioned in the media (see the recent article â€Å"health† in the Herald Sun - Bartone, 2015 for example). This report will discuss two social determinates (social gradient and early life) on the incidence of diabetes. These social determinates, along with several others, have been identified in a report on diabetic risk factors the causal pathways (Wilkinson and Marmot, 2003). This report will also discuss the contributing factors to diabetes such as nutrition, obesity and other lifestyle factors including convenience and high-density housing Obesity, high-density housing and social gradient Obesity is one of the major contributing factors that leads to type 2 diabetes (Golya, 2005). The author found that an increase in fatness, especially abdominal, is associated with insulin resistance, which can result in hyperglycemia and hence diabetes. To grasp a greater understanding of the way in which type 2 diabetes is developed, the causality of social determinates must be identified. It is known that there is a strong link between a person’s social status (or gradient) and the likelihood of becoming obese and then developing diabetes (Turrell and Vandevijvere, 2015; Drewnowski and Darmon, 2005). Research has demonstrated that people of a lower social gradient are less likely to eat fruits, vegetables, fish, grains and low fat diaryShow MoreRelatedThe Effects Of Socioeconomic Disparities On The Incidence And Care Of Diabetes1531 Words   |  7 Pages The study examined the effect of socioeconomic disparities on the incidence and care of diabetes in a country with a universal health care system. The authors claimed that poverty plays a large role in increasing diabetes incidence among poor citizens in Taiwan. The authors claimed that the disparities may lead to delayed care and worsening of complications related to diabetes. Therefore, it is important to identify and resolve those disparities. The study adopted a quantitative research designRead MoreDiabetes And Its Effects On Diabetes1603 Words   |  7 Pages Diabetes is caused when a person’s blood sugar level becomes too high. This is often described as a lifelong condition. There are two types of Diabetes within the UK; Type 1 Diabetes, where the body’s immune system attacks and destroys the cells that the body uses to produce insulin. This can develop over weeks or even days. Type 2 Diabetes occurs when the body doesn’t produce enough insulin or the body’s cells do not react to insulin. Type 2 diabetes is far more common than type 1. Many peopleRead MoreAnalysis Of Prospective Cohort Study Data916 Words   |  4 Pagesof prospective cohort study data is to compare disease occurrence in the group to the exposure factors. Disease occurrence is measured using cumulative incidence or incidence rates, and the relationship between exposure and disease occurrence is quantified by the cumulative incidence or incidence rate difference and ratio. Calculating an incidence rate involves determining the amount of pers on-time accrued by each study subject. Relative risks of each of the variables that are evaluated in the studyRead MorePreventing And Managing Diabetes, A Global Health Challenge872 Words   |  4 PagesConclusion and Recommendation: Preventing and Managing Diabetes, A Global Health Challenge Diabetes continues to be a major global health issue and prevention is the best approach towards reducing its attendant complications. There are lots of concerted efforts globally to address this chronic disease and this has led to an increased awareness and better management of the disease. No effort, no matter how small is misplaced and every effort targeted at diabetes prevention and control is well targeted, sinceRead MoreDiabetes : A Growing Pandemic1627 Words   |  7 PagesType 1 diabetes is a growing pandemic in our world today, and is being diagnosed at a higher rate with each coming year. Diabetes prevention and education must be a top priority for countries such as the United States, so that this alarming trend of increased diagnosis can be brought to a halt. The United States has one of the best education systems in the world, however does not put a focus on diabetes education for those at risk. Diabetes is a growing pandemic in the United States and the worldRead MoreEv aluation Of A Research Study On Diabetes Incidence And Establishing Causal Relationship From Exposure Essay1122 Words   |  5 Pagesfor documenting diabetes incidence and establishing causal relationship from exposure to the intervention and time sequence in which incident cases of diabetes occurs. In the program, individuals with prevalent cases diabetes at baseline were appropriately excluded however, there was no explicit explanation why incident cases that occurred in the year following the baseline VIP assessment was excluded, since the primary outcome of the study was to determine incident type 2 diabetes cases between baselineRead MoreGestational Diabetes And Antenatal Literacy1375 Words   |  6 PagesGestational Diabetes and Antenatal Education of Women with Gestational Diabetes It is estimated that 1-14% of pregnant women will develop gestational diabetes mellitus(GDM) (Hieronymus, Combs, Coleman, Ashford, Wiggins, 2016). GDM is carbohydrate intolerance developed during pregnancy and is the most common metabolic complication of pregnancy (Wilson, Dyer, Latendresse, Wong, Baksh, 2015). Gestational diabetes has been known to have serious complications for both the mother and the infant (GilbertRead MoreType 1 Diabetes1021 Words   |  5 PagesType 1 Diabetes: Causes: Autoimmune Response Type 1 diabetes is usually a progressive autoimmune disease, in which the beta cells that produce insulin are slowly destroyed by the bodys own immune system. It is unknown what first starts this cascade of immune events, but evidence suggests that both a genetic predisposition and environmental factors, such as a viral infection, are involved. Islets of Langerhans contain beta cells and are located within the pancreas. Beta cells produceRead MoreDiabetes And How A Person With This Condition s Experience Has Affected Her Daily Life1401 Words   |  6 PagesIn my paper, I am going to focus on Type 2 Diabetes and how a person with this condition’s experience has affected her daily life. About the Disability Cause: Experts say diabetes is partly genetic and at least partly behavioral. Obesity and lack of exercise are key risk factors for the most common form. Many people think that diabetes results from eating too many sweets, but the truth is more complex. Type 2 diabetes -- also known as adult-onset diabetes -- is characterized by â€Å"insulin resistanceRead MoreHigh Incidence Of Early Onset Type 2 Diabetes1613 Words   |  7 PagesThe High Incidence of Early-Onset Type 2 Diabetes Introduction Diabetes is a metabolic body condition in which the pancreas is unable to secrete enough insulin, hence leading to increased levels of blood sugar. Age, genetics, weight and ethnicity are the four main risk factors of Type 2 diabetes. Common symptoms include frequent urination, persistent fatigue, slow healing process for cuts and wounds and blurred vision. Type 2 diabetes affects 1 out of 10 people in America, as research has concluded

Health Care Utilization Free Essays

According to â€Å"Keeping America Healthy† (2013), â€Å"Medicaid provides coverage for individuals according to poverty guidelines who are unable to afford health care insurance because of limited income† (Eligibility). John Q. Qualifies for Medicaid but lives in a rural community with no public transportation to travel to access his benefits due to provider office hours and the distance he must travel to the location. We will write a custom essay sample on Health Care Utilization or any similar topic only for you Order Now John does own have a car. John is predisposed to heart disease through heredity and has been diagnosed with high blood pressure. According to â€Å"What Is High Blood Pressure? 2011),† blood pressure is when blood is forced against the artery walls to disperse oxygen and turbines carried in the blood to the body. Blood pressure is measured by two numbers; Systolic the top number or the higher of the two is measured when the heart beats pushing the blood against the walls of the arteries. Diastolic is the measure when the heart is at rest between beats. The normal measure for normal is 120/80. Persons with a measuring of 140/90 or higher is a person with High Blood Pressure or HIP† (What happens in the body when blood pressure is high? ). HIP can lead to Hypertensive heart disease (â€Å"Hypertensive Heart Disease†, 2013). Regular doctor visits and prescribed medications to control blood pressure can offset the nest of Hypertensive Heart disease in patients with high blood pressure. Regular physician visits are required to keep check on John’s condition (â€Å"What Is High Blood pressure? † 2011). The problems with health care utilization for John is that he lives in a rural community with limited providers, the distance of travel to reach locations, time needed to schedule appointments, and office hours of the available physician locations will not provide him with reasonable access. Many Medicaid participants are faced with this same set of problems and have to adjust their lives to gain access o healthcare. Medicaid programs have benefits available to help participants conquer many obstacles. Patients need to inquire and learn what benefits are available to help. Utilizing social programs available in the community, and accessing information on Medicaid websites help to inform members of what is available for help. Medicaid programs have established grants for rural health clinics; John needs to find out if a clinic exits in his area. These clinics provide information about benefits and do health screenings. The clinic can be a place where John can go to get blood erasure checks to make sure he is in target range regularly without having to travel too physician’s location for blood pressure checks. Rural health clinics provide education to patients and can issue devices such as blood pressure monitoring equipment and train patients to utilize self-check methods between physician visits. Government medical programs do provide for education and training to use medical devices like blood pressure monitors used at home for patient self-monitoring. Missing time from work can be a problem. Most employers have paid time off that employees can access and schedule for personal situations. John can have his physician provide documentation of his appointments to submit to his employer and arrangements can be made for an adjustment in hours or to come into work on additional days if possible. Other options to John may be to use vacation time or sick time to cover missed time at work when he has to visit the doctor. According to â€Å"Medicaid. Ova; Keeping America Healthy† (2013), â€Å"Medicaid benefits cover inpatient hospital care, outpatient hospital services, and rural clinic services. These services give John comprehensive coverage to help with chronic illnesses like high loot pressure. He also has available prescription coverage for medications to help manage his blood pressure. Preventive services and diagnostic screenings are available for early detection and prevention† (Benefits). Medicaid and Medicare also pa ys for transportation to and from medical appointments for patients covered through the government programs. John can research and locate Passport certified transportation providers in his area to reach his medical provider of choice. The Affordable Health Care Act of 2010 gave states the option to expand Medicaid in their states with federal funding. It also provides more insurance options for lower income residents to other insurance plans that may be more accessible for member access to services and providers. Starting in 2014 the act also makes John eligible for insurance through other carriers even though he has a preexisting illness (â€Å"Gpo. Ova†, 2010). John may need to make lifestyle changes to accommodate his illness. Eating a healthy diet and reducing sodium intake would be the first changes to make. John’s diet should consist of heart healthy foods, like Broccoli and other dark green vegetables. By exercising and keeping weight under control at an ideal weight or his height and age he will decrease the chances of heart problems and promote self-healing by keeping blood pressure numbers from getting higher increasing risk of other related illnesses. John and many Americans face the dilemma of access to quality healthcare. John has a chronic illness that may lead to other related illnesses and continuous access to healthcare is crucial to his remaining healthy and productive enough to continue working. The government provides financial coverage because of his eligibility status as beneath poverty level income. Although he has uncial assistance, he still has problems with appointment times and transportation. These obstacles are mutable, but his illness is a predisposed health condition that is immutable. Educating himself in what is covered by government assisted health plans and obtaining the needed medical care access would help John’s situation. He must also be responsible for his own well-being. Adapting his life, eating healthy, and exercising will not only deter worse health but also improve his high blood pressure. How to cite Health Care Utilization, Papers

Economics for Business Modeling Global Wine

Question: Describe about the Economics for Business for Modeling Global Wine. Answer: Introduction This study has been aimed to identify the concept of economics for business. In this context, this study has tried to highlight five different concepts under the shade of Australian background. Therefore, firstly, this study has focused to the rate of GDP of Australia. In addition, the rate of GDP of last 2 to5 years of Australia has been discussed. The influential factors, which influence the rate of Australian GDP have also been discussed in this section. On the other hand, this study is also helpful to estimate the unemployment rate of Australia. This unemployment rate is also highlighted the economic position and the growth of Australia. The issues and the governmental policy of Australia regarding the unemployment rate have been mentioned. Moreover, this study is beneficial to understand the unemployment rate of different states of Australia and this is assumed to be helpful to understand the economic position of these states within the country (Anderson Wittwer, 2013). On the other hand, this essay is helpful to measure the inflation rate of Australia. In this purpose, this study has tried to establish the inflation rate of Germany, UK, USA, China, India, Japan, Korea, Indonesia in order to compare the economic position and the growth of these countries as well as Australia. In this connection, the causes of inflation within the countries have been also mentioned. Next, this study has aimed to the Australias monetary policy during last 5 years. Lastly, this study has tried to demonstrate the economic growth of Australia and also discuss the economic growth of other developing country such as China in order to develop the comparison. In this occasion, this study has tried to identify the effects of this economic position on the society (Arnone Romelli, 2013). Comparison of Australian GDP with other economy from 2011 to 2015 and the factors, which affect the Australian GDP This section is helpful to estimate the Australian GDP rate with the other economy such as Chinas GDP rate has been discussed. In this connection, this study has tried to accumulate last 5 years GDP rate for both Australia and for China. According to Board (2012), the GDP rate of Australia has been rising with the increase of time. This rate has been increasing significantly from the year of 2011 to the year of 2012. After that, the GDP rate has been decreasing over time. In addition, it can be observed that the GDP rate was the highest in the year of 2012 and the rate was 3.63%. On the contrary, this rate was lowest in the year of 2015 and the rate was 2.26%. Australia's GDP rate of last 5 years Year GDP rate (in %) 2011 2.38 2012 3.63 2013 2.44 2014 2.5 2015 2.26 In case of Chinas GDP rate, it can be observed that this rate has been decreasing with the rise in time, more specifically from the year of 2011 to 2015. In 2011, the rate was 9.48% and at the end of the 2015, this GDP rate was 6.9%. The following table has developed the last five years GDP rate of China. Year GDP rate (in %) 2011 9.48 2012 7.75 2013 7.68 2014 7.27 2015 6.9 Comparing the GDP rates of last five years of two mentioned countries, (Eichengreen, Park Shin (2013) mentioned that Australias GDP rate was lower compared to China. Although the GDP rate has been decreasing over time in case of both the countries, China is at better position compared to Australia. On the other hand, as per the statement of Butlin (2013), Australias average GDP rate is 3.2% based on the average of 25 years. In this concern, it can be assumed that aggregate demand of a country has made an impact on the countrys GDP rate. In this connection, it can be stated that lower rate of interest rate reflects to borrow at cheaper rate. Therefore, due to this reason GDP growth rate of Australia has been decreasing. On the other hand, the price of the houses in Australia has been increasing with the rise in time; hence, it leads to make a direct wealth effect. On the contrary, the real wages of the individual has been decreasing in Australia, therefore, the real income also decreased. As a result, the GDP rate has been falling. Moreover, Cecchetti Kharroubi (2012) opined that inventories have been significantly stock, which they have been produced, however, these stocks have not sold. Since, the past five years, these inventories lead to reduce the GDP growth rate of Austra lia. The growth rate of mining gross valuation has been rising within the country, the GDP rate has been seasonally decreasing. Again, in case of Australian dollar evaluation, the export of the goods and the services become costlier whereas rate of imports are getting cheaper. Therefore, this would reflect the fall in the demand of the Australian goods and the services. This appreciation would leads to the inflation rate and the GDP rate has been decreased. Discuss the unemployment rate, types, issues and the governmental policy of Australia From the above analysis, it can be observed that the rate of GDP has been decreasing in Australia with the rise in time from 2011 to 2015. This also has an impact on the rate of unemployment in Australia. According to Egert (2015), it can be predicted that the rate of unemployment may be increased in Australia. In this connection, it can be found that the rate of unemployment has been increased by the rate of 5.8% as per the prediction. On the contrary, as per the Australian Bureau of Statistics, it can be observed that the monthly employment rate has been increasing. In July, 2016, the employment has been raised by 100 persons. In the month of June, the number of employment was 11800 whereas in July, the number was 11955. As a result, Eichengreen, Park Shin (2012) mentioned that if this trend has been maintained, then the economy will be at better position from the current situation. In addition, smooth trend series can be easily maintained by the volatility of the behaviour of the labour market. In addition, in order to discuss the role of Australian government for reducing the unemployment rate of Australia, the government can lowering down the rate of interest, which can enhance the aggregate demand of Australia. Therefore, the unemployment can be reduced. On the other hand, with cutting down the tax rates, the fiscal policy as well as the aggregate demand will be improved. As a result, the unemployment rate in Australia will also be decreased. Therefore, the employment will be significantly increased. According to Eichengreen, Park Shin (2013), labour market of Australia is required to flexible. Discuss the unemployment rate in different states of Australia In this section, the unemployment rates of different states of Australia have been discussed. The states are such as New South Wales, Western Australia, Tasmania, Queensland and the South Australia. In this context, it can be observed that the unemployment rate in New South Australia is 5.2% in 2016. The unemployment rate in Western Australia is 5.7%. On the other hand, the unemployment rate in Tasmania is 7.6% and in Queensland is 6.4%. Moreover, in South Australia, the rate is 6.9%. Comparing all of the unemployment rates of these states of Australia, it can be observed that the rate is lower in New South Australia and the rate is higher in Tasmania. Hence, Elsby, Hobijn Ã…Å ¾ahin (2013) cited that the wage growth rate of Tasmania has been decreased. Therefore, it can be concluded that demand for labour is lower compared to the supply of labour. More precisely, the higher unemployment rate has an immediate impact in the economy is lowering down the employment rate. As a result , the higher unemployment rate reflects the lowering down the GDP growth rate. According to Gerlach Tillmann (2012), the exchange rate will also be decreased. Compare the inflation rate of Australia with the different countries As per the current information, it can be observed that the inflation rate in Australia is 1%. On the other hand, the inflation rate in Germany is 0.4%, in UK the rate is 0.6%, in USA the rate is 0.8%, in China this rate is 1.3%, the rate in India is 6.07%, in Japan the rate is -0.4%, in Korea the rate is 0.4% and in Indonesia, the rate is 2.79%. After the observation, it can be mentioned that the inflation rate is highest in Indonesia and it is lowest in Korea and Germany among the above mentioned countries. On the contrary, Jaramillo Cottarelli (2012) argued that in the country like Japan, the inflation rate is negative. Therefore, there is a deflationary situation within the economy. In order o discuss the reason for higher inflationary rate, it can be mentioned that with the rise of the price of goods and services, the rate of inflation of an economy has been increased. On the other hand, when the demand for the products is higher but the supply is lower, then it can be stated that the inflation will be increased. This concept can be analysed with the help of the demand-pull theory. With this theory, Kilian Hicks (2013) added that this situation occurs due to the overpopulation rate. On the other hand, if the manufacturing cost of the products increase, then it can be predicted that inflation will be higher, this can be explained by the cost-push inflationary theory. As a result, the cost of the employees also increase and the monetary policy will also alter. Moreover, rise in the price reflects to increase the cost of production. Nevertheless, Kremer, Bick Nautz (2013) criticised that deflationary situation refers that lower performance of the economy. In thi s connection, it can be stated that Japan has been suffering from lower rate of growth. In addition, deflationary situation leads to the rise of the real valuation of debt. On the other hand, the disposable income of the individuals will also decrease as well. In the words of Kumar, Webber Perry (2012), higher inflation rate leads to the growth of the economy. With the rise in the price, it reflects to the higher production cost and the employment of the country. Therefore, it can be concluded that inflation can leads to boost up an economy. On the contrary, Lavoie Stockhammer (2013) argued that higher inflation rate leads to the higher interest rate within the country. This higher interest rate in turn reflects the larger burden on the amount of debt. Furthermore, higher inflation leads to the country to be uncompetitive within the global markets. The situation has occurred due to the depreciation of the currency. As a result, decrease in the exports refers the further pressure of the foreign exchange reserves in the countrys economy. In the points of Mumtaz Surico (2012), if the higher inflation rate of a country cannot be controlled, then the existing inflationary situation can be converted into the hyperinflationary situation. This is not favourable to the economy. As a result, the breakdown of the economy will be occurred. Discuss the monetary policy of Australia from 2011 to 2015 and the impact on the society As per the statement of Panizza Presbitero (2013), the monetary policy of Australia of last 5 years can be determined by the value of the cash rate. Cash rate refers the rate of interest in the overnight money market. The cash rate of the last five years can be represented with the help of the following table: Year Cash rate (in %) 2011 4.75 2012 3.5 2013 3 2014 2.5 2015 2 The above table has been depicted that the cash rate has been decreasing over time in Australia. It can be observed that the rate was higher in the year of 2011 and the rate was 4.75%. Again, the rate was lower in the year of 2015 and the rate was 2%. Therefore, it can be concluded that lowering interest rate will be helpful to expand the countrys economy. According to Pescatori, Sandri Simon (2014), monetary policy of a country can control and state that how the money can be circulated as well as the cost of borrowing of money, more specifically it is known as the rate of interest. Based on the above rate of interest, it can be observed that this rate reflects the lower borrowing rate. This in turn motivate the spending as well as the investment. In addition, this in turn reflects to enhance the aggregate demand as well as the growth of the economy. Therefore, it can be stated that this increase in the aggregate demand will improve the pressure, which arise due to the inflation. Moreover, Rapetti, Skott Razmi (2012) opined that lower rate of interest rate aim to the lower return from the saving. The lower rate of incentive of saving will focus to motivate the customers spending compared to hold money in the account. In addition, lower interest rate will reduce the repayment of the monthly mortgages. This in turn is helpful to earn higher disposable incomes. As a result, the consumer will also increase in Australia. On the other hand, lower rate of interest is beneficial to purchase assets. As a result, Anderson Wittwer (2013) mentioned that the wealth of the individual will rise effectively. Hence, rise in the wealth will encourage and improve the consumer spending. Furthermore, the lowering of interest rate has a positive impact on the society. Lower interest rate leads to the lowering down of exchange rate and this in turn aim to the Australian exports highly competitive and make the import highly costlier. Therefore, the aggregate demand will be effecti vely increased. Discuss the economic growth of Australia and compare it with the other developing country According to Arnone Romelli (2013), the growth rate of Australia in 2015 was 2.26%. In this connection, it can be stated that the developing country such as Chinas growth rate in 2015 was 6.9%. From this analysis, it can be concluded that China is at better position compared to Australia. In this context, it can be demonstrated that due to the increase in the inflation rate, the growth rate has been increased in China. Therefore, previously, it can be observed that the inflation rate in China is higher compared to Australia as Chinas rate of inflation is 1.3% and Australias rate of inflation is 1% in the year of 2015 (Weale et al., 2015). Moreover, it can be concluded that higher the rate of growth, greater will be the per capita income. As a result, the national income will be fruitfully increased. In this purpose, Board (2012) highlighted that the national income is higher in China compared to Australia. On the other hand, the labour productivity and the physical capital will be i ncreased. Hence, the socio real per capita growth within the economy will be occurred. Discuss the economic growth of the country during last 5 years and the impact on the society Australia's GDP rate of last 5 years Year GDP rate (in %) 2011 2.38 2012 3.63 2013 2.44 2014 2.5 2015 2.26 The above table shows the growth rate of last five years of Australia. It has been decreased over time. Therefore, in this purpose, this section has tried to demonstrate the effect of this growth rate in the society. Therefore, based on this outcome, Butlin (2013) mentioned that greater GDP growth rate aimed to the greater position of the economy. Nonetheless, as the growth rate of Australia has been decreasing, therefore, it can be concluded that the inflation rate of the country is not so high. Therefore, it can be stated that the countrys investment will not discourage. Therefore, this will effectively lead to the stable economy. The firms within the country will also interest to take risks and henceforth, they will invest (Shahiduzzaman Alam, 2012). On the contrary, it can be assumed that reduction in the growth rate may leads to the economy to experience the deflationary situation or the negative inflationary situation. As a result, in this case, the consumers will reluctant to spend money. In this purpose, Cecchetti Kharroubi (2012) mentioned that the future prices of the products will be lower and the deflation will be increased with the rise of time. Moreover, the amount of debt will in turn increase. The disposable income of the residents of Australia will massively decrease, which reflect to reduce the national income of the country as mentioned by Elsby, Hobijn Ã…Å ¾ahin (2013) Conclusion The overall study has been developed on the concept of economics for business. In this purpose, this study has tried to establish the last five years of GDP rate of Australia, which is helpful to identify and understand the economic performance of Australia. In addition, in his purpose, this essay is also beneficial to recognise the economic performance of China by estimating the GDP rate of last five years of this country. This study has also discussed the unemployment rate of Australia, which is 5.8% in the year of 2016. Moreover, after analysing the study, it can be stated that unemployment rate is depend upon the GDP rate of the country. On the other hand, the unemployment rates of different rates of Australia have been mentioned in his essay. Instead of this, As the GDP rate of Australia has been decreasing over time; therefore, the unemployment rate is higher in this country. After that, this study has tried to accumulate the inflation rate of Australia and made a comparison wi th the other countries such as Germany, UK, USA, Japan, Korea etc. In this connection, several governmental policy and the advantage of inflationary situation has been discussed. Lastly, this study is seemed to be beneficial as this study also tried to highlight the cash rate of last 5 years of Australia has been evaluated, which are necessary to identify the monetary policy of the country. References Anderson, K., Wittwer, G. (2013). Modeling global wine markets to 2018: Exchange rates, taste changes, and China's import growth.Journal of Wine Economics,8(02), 131-158. Arnone, M., Romelli, D. (2013). Dynamic central bank independence indices and inflation rate: A new empirical exploration.Journal of Financial Stability,9(3), 385-398. Board, A. S. I. (2012).Social inclusion in Australia: How Australia is faring. Canberra: Department of Prime Minister and Cabinet. Butlin, N. G. (2013).Investment in Australian economic development, 1861-1900. Cambridge University Press. Cecchetti, S. G., Kharroubi, E. (2012). Reassessing the impact of finance on growth. Egert, B. (2015). Public debt, economic growth and nonlinear effects: myth or reality?.Journal of Macroeconomics,43, 226-238. Eichengreen, B., Park, D., Shin, K. (2012). When Fast-Growing Economies Slow Down: International Evidence and Implications for China.Asian Economic Papers,11(1), 42-87. Eichengreen, B., Park, D., Shin, K. (2013).Growth slowdowns redux: New evidence on the middle-income trap(No. w18673). National bureau of economic research. Elsby, M. W., Hobijn, B., Ã…Å ¾ahin, A. (2013). Unemployment dynamics in the OECD.Review of Economics and Statistics,95(2), 530-548. Gerlach, S., Tillmann, P. (2012). Inflation targeting and inflation persistence in AsiaPacific.Journal of Asian Economics,23(4), 360-373. Jaramillo, L., Cottarelli, M. C. (2012).Walking hand in hand: fiscal policy and growth in advanced economies(No. 12-137). International Monetary Fund. Kilian, L., Hicks, B. (2013). Did unexpectedly strong economic growth cause the oil price shock of 20032008?.Journal of Forecasting,32(5), 385-394. Kremer, S., Bick, A., Nautz, D. (2013). Inflation and growth: new evidence from a dynamic panel threshold analysis.Empirical Economics,44(2), 861-878. Kumar, S., Webber, D. J., Perry, G. (2012). Real wages, inflation and labour productivity in Australia.Applied Economics,44(23), 2945-2954. Lavoie, M., Stockhammer, E. (Eds.). (2013).Wage-led Growth: An equitable strategy for economic recovery. Springer. Mumtaz, H., Surico, P. (2012). Evolving international inflation dynamics: world and countryà ¢Ã¢â€š ¬Ã‚ specific factors.Journal of the European Economic Association,10(4), 716-734. Panizza, U., Presbitero, A. F. (2013). Public debt and economic growth in advanced economies: A survey.Swiss Journal of Economics and Statistics,149(2), 175-204. Pescatori, A., Sandri, D., Simon, J. (2014).Debt and growth: is there a magic threshold?(No. 14-34). International Monetary Fund. Rapetti, M., Skott, P., Razmi, A. (2012). The real exchange rate and economic growth: are developing countries different?.International Review of Applied Economics,26(6), 735-753. Shahiduzzaman, M., Alam, K. (2012). Cointegration and causal relationships between energy consumption and output: Assessing the evidence from Australia.Energy Economics,34(6), 2182-2188. Svensson, L. E. (2015). The possible unemployment cost of average inflation below a credible target.American Economic Journal: Macroeconomics,7(1), 258-296. Szirmai, A. (2012). Industrialisation as an engine of growth in developing countries, 19502005.Structural Change and Economic Dynamics,23(4), 406-420. Weale, M., Blake, A., Christodoulakis, N., Meade, J. E., Vines, D. (2015).Macroeconomic Policy: inflation, wealth and the exchange rate(Vol. 8). Routledge. Willard, L. B. (2012). Does inflation targeting matter? A reassessment.Applied Economics,44(17), 2231-2244.