Personal Philosophy of Life Essay Example | Topics and Well Written Essays - 2000 words

Personal Philosophy of Life - Essay Example Talking about true wisdom as the final destination to reach, what is actually true wisdom? For me, I believe that true wisdom is the ultimate knowledge which stays in perfect balance with the basic moral principle. Knowledge without morality is not wisdom, just cold ignorance. Is a man who knows how to destroy the world wise? He is, only if he chooses not to use that knowledge. Morality without knowledge is not wisdom either but blind foolishness. In a war or in wilderness, is a man who doesn’t want to kill wise? Unless he knows how to survive without killing, he is a dead man not a wise one. My ideal true wisdom might seem to be distant destination which can never be attainable. However, in a lesser degree, true wisdom is achievable in daily life. The first main point of the wisdom is balance. Thus, as long as the knowledge that we acquire and apply lies in harmony with the moral principle we value, we attain the lesser true wisdom†¦ for the time being. The next main point is progress. Once we stop trying to reach the ultimate true wisdom, the lesser wisdom we have will quickly fade away. To keep in direct contact with true wisdom, we need to gain more and more knowledge while basic moral values take the role as the safety measurement. Putting it in more systematical order, here are some steps we need to do to keep the wisdom within our grasp. First, we need to honestly realize what we don’t know. After that, we should allow our mind open to new ideas. Then, filtering these ideas using logic and moral principle should be our immediate task. Any idea which is not in harmony with the moral values we believe in should be stored away or even discarded from our mind. Finally, we need to put the acceptable knowledge into practice. If this new knowledge works well without significant ethical conflict, we should apply it either for personal gain or society’s benefit. Well, the path of wisdom does not end here though. We need to keep repeating the

Referencing Skills and Ethics Essay Example | Topics and Well Written Essays - 1250 words

Referencing Skills and Ethics - Essay Example Sloman(2010) has pointed out that "Oligopoly occurs when just a few firms between them share a large proportion of industry"(Sloman, 2010, p.135). It is evident from the above definitions that in oligopoly market conditions, the firms are interdependent and hence the decisions taken by one firm about the price and output of their product may affect other firms in the oligopoly setup. OPEC (Organization of Petroleum Exporting Countries) is one best example for oligopoly. On the other hand, monopoly is a market condition in which a person or an enterprise has sufficient control over a particular market, service or product. For example Microsoft has immense control over the operating system market all over the world and they control around 90% of the OS market worldwide. In other words they have monopolized the OS market and they can determine the price of their product without considering the factors like competition. This paper briefly compares oligopoly with monopoly Firstly, an oligopoly maximizes profits by producing where marginal revenue equals marginal costs (Ison and Wall, 2007, p.150). Moreover, Riley (2006) has mentioned that barriers to entry are high in oligopoly market and â€Å"the dominant firms in the long run would maintain supernormal profits† (Riley, 2006). It is possible for small firms to operate in the proximity of the oligopolistic market, but none of them would be able to make any impacts on the market price and output. On the other hand, in a monopolistic market, it is impossible for small firms to operate because of the total supremacy of the monopolistic firm in the market. Consider the case of Microsoft. No other firms, big or small, so far able to compete with Microsoft because of the absolute monopoly enjoying by Microsoft. Negbennebor & Willis (2001) has pointed out that â€Å"there are many barriers to entry in oligopoly market such as economies of scale, patents, access to