Write a report underpinned by the principles of economics applied to your agricultural commodity to clarify how the prices for this commodity are determined.
The report should highlight the nature of market forces impacting the agricultural commodity and the price determination results from these forces.
The research needs to be explained on the basis of the economic theory/principles you have studied.
In your report, you need to use data and refer to relevant reports/literature.
1. Collect nominal prices data since 2000 to the most recent data available from the relevant source(s). Use a table to show the annual price data. Plot, nominal prices data, using Microsoft Excel spreadsheet. Plot the prices (y-axis) against time (years) (x-axis) since the year 2000.
2. Describe the nominal trend in the graph
3. Research and explain the supply and demand factors that impacted the nominal price, by picking one major peak and one major trough in your nominal price graph.
4. Use theoretical graphs linked to your research to clearly demonstrate how the demand and/or supply curve shifted for your chosen commodity at major:
• Nominal price peak (place these relevant graph(s) after the research part) and
• Nominal price trough (place these relevant graph(s) after the research part)
Take the following three steps to analyse changes in equilibrium market price.
i. Decide whether the event shifts the supply or demand curve (or perhaps both).
ii. Decide in which direction the curve shifts.
iii. Use the supply-and-demand diagram to show how the shift changes the equilibrium price.
Air Traffic Controller Updating the Job of Air Traffic Controller Presentation Occupation Design Occupation configuration might be alluded as a manner by which a whole employment or an arrangement of undertakings is composed. Employment configuration helps in deciding the undertakings and the way they are finished. It considers the components that impact the work and mastermind the activity substance and errands with the goal that the activity turns out to be less hazardous to the worker's life. The regulatory zones associated with it are work pivot, work growth, errand/machine pacing, work breaks and working hours (Gupta, 2007). A soundly outlined activity energizes an assortment of good body positions and enables cultivate sentiments of accomplishment and self-to regard. Air Traffic Controllers The general population who work the aviation authority framework to quicken and keep up an efficient and safe stream of air movement are known as the Air activity controllers. They help in forestalling mid-air impacts of the planes. The ATC's apply such partition decides that assistance in avoiding every air ship as much as possible from others in their general vicinity of obligation, in this way moving all air ship proficiently all through their airspace. Because of the nearness of vast obligation on controllers over the span of playing out their obligation, this calling is by and large seen as a standout amongst the most complex occupations, and is famously unpleasant. Worry at Workplace There have been radical changes in the idea of work in the course of the most recent century and still the progressions are experiencing at the speed of a tornado. Changes unavoidably bring pressure. So no expert is untouched by push, beginning from a specialist to a craftsman or a business official to a business pilot. Work pressure postures hazard to the physical wellbeing of the representative and thusly impacts the strength of the association (Mathew, 2003). Employment worry in the beginning periods can 'rev up' the body and enhance execution in the work environment (Prasad, 2008). However, in the event that this condition is allowed to go free and the body is revved up further, the execution will in the end decrease and the individual's wellbeing will corrupt (Gupta, 2007). The manifestations of the pressure can be sleep deprivation, loss of mental fixation, nervousness, truancy, family struggle, outrage and disappointment. Employment stress may emerge because of occupation uncertainty, popularity of execution, mechanical complexities, individual or family issue and working environment culture (Stress at Work, 2008). The last result of this activity stretch is the high turnover of the proficient and learned workers (Mathew, 2003). Air movement controllers are a word related gathering who needs to deal with a profoundly requesting activity, which includes a mind boggling arrangement of assignments. These require an abnormal state of information and skill, alongside an abnormal state of duty, with respect to gambling lives and furthermore the high monetary expenses of aeronautical exercises. Efficiency and Turnover As the flights keep running for the duration of the day and round the year, the airport regulation is a 24 hour and 365-days-a-year work. Simply because of this reason, the controllers consistently work pivoting shifts, including evenings, ends of the week and open occasions. At the point when the controllers are compelled to work 40 hours per week rather than 32 hours every week and eight hours a move without breaks; their productivity and adequacy lessens definitely. This likewise prompts the turnover of the controllers. The most appropriate illustration demonstrating the outcome of the above circumstance is the Professional Air Traffic Controllers Organization (PATCO) strike in 1981 in America. Because of the event of the circumstances like the over, 89 percent controllers left the activity before retirement age and around 40 percent of these left to gather handicap retirement. Verifiable Background of the Position and Changes that Took Place over Years The historical backdrop of aviation authority and the controller route backs to the 1930's the point at which the business air benefit was produced. The event of some significant mishaps in the consequent years strengthened their need. The pilots used to control the flight by simply watching out of the window. Amid the 1930s, radio communication was started to be utilized. There was a 'Remote Traffic Control' by 'control officers'. Marine radio stations were utilized with the end goal of air activity correspondences, which were not worked by the experts in the way they are worked now. Amid the 1930's, a committed air movement administrations association appeared. Second World War acquired the unrest this field. With this, the new time of advancements in the field of air activity controlling began. Particular operational procedures were begun being utilized. Controllers used to create plans for flying with the pilot and made utilization of radiotelephony for it. The instrument called radars was created to follow the presence of the planes noticeable all around. At the appropriate time the force and energy of radar was expanded to empower the controllers with particular data to take choice. They used to screen through exceptionally handled auxiliary reconnaissance radar (SSR) information. These information streams are established with very much characterized controlled airspace and formal guidelines for controlling least partition allowed between flying machines. Through this SSR, the controller watches call sign, showed flying machine images, and stature data, which are passed down from air ship transponders. The route framework has blended to satellite-based guides from point source reference points. Ground-based here and now strife ready frameworks are utilized as a part of UK. This strategy helps in notice pilots of the airplanes coming into close territory, along these lines lessening crafted by controllers' up to an incredible farthest point. These days business airplanes convey Traffic caution and Collision Avoidance System, which is of incredible help to the pilots too the controllers on the ground. As climate assumes a critical part in controlling the air activity, climate showing gadgets were likewise given to them. Presently they are given more precise climate data shows and can guarantee an exceptionally successful control reporting in real time activity (Brooker, 2007). Basic Problems with the Current Job Design Airport regulation is a standout amongst the most unpleasant occupations. With the single choice of a controller, a large number of aircraft travelers' lives can be influenced. This outcomes in the ulcers, heart conditions, hypertension and liquor abuse among controllers. The central wellsprings of stress being accounted for via air activity controllers are related to two angles. They are the agent part of their activity and the hierarchical structures. The most vital factors in the previous case are the time weight, pinnacles of activity stack, settling fluctuations in the utilization of standards and the restrictions and consistency of types of gear. The elements, which are identified with hierarchical structure, are mostly worried about the troublesome working conditions, move plans (especially night work), part clashes and an absence of control over the work (Air Traffic Controller Job Description, Career as an Air Traffic Controller, Salary, Employment - Definition and Nature of the Work, Education and Training Requirements, Getting the Job, 2008). Employment Redesigning Survey the state of the air activity controllers and the challenges looked by them while playing out their undertaking, their activity should be overhauled. Occupation updating will help in enhancing the wellbeing and security of the air activity controllers and in addition enhance the soundness of the association. The means, which might be attempted to upgrade the air movement controller's activity, are: holding a pressure counteractive action program on customary interims and making it a piece of the hierarchical culture. Participation in this program ought to be influenced mandatory for all air to activity controllers. Following stage, which can be attempted, is the change in the transportation to work, flasks and dozing offices. The other could be to enhance the innovation and the work association. Steps can be taken to enhance the activity arranging engaged with the activity and in addition to improve the unwavering quality of the working frameworks. Alternate strides in overhauling the activity of the controller can be working time lessening, orchestrating shift-plans remembering the social and psycho-physiological criteria, organizing work groups and rest delays lined up with heap of the work and implementing such methodologies that enhance the support of the air movement controllers in choices concerning them. In particular, in the mechanical field, such PC programming can be planned, which helps air movement controllers. For instance, more precise PC upgraded radar will be useful. Such mechanized framework can be outlined and made accessible to the controllers, which once bolstered with the information identifying with flight timings, will show all the further required data to the controller. Therefore, it will diminish the conceptualizing practices done by the air activity controllers in regards to the customary defeats and the quantity of general flights on the airplane terminal. The controllers can be given more effective hearing and other specialized gadgets to empower them exchange clear guidelines, in this manner keeping away from any choice blame. Making more utilization of instrument landing frameworks, which enables planes to make programmed arrivals and guaranteeing that planes are set in holding designs when air terminals are occupied. Aside from the above things, extraordinary consideration is required to be paid in the region of the structure of undertakings and work environment, especially the issues like lighting, commotion, smaller scale climatic conditions and indoor air quality (Brooker, 2007).>GET ANSWER