A small company can slash prices and thus make crucial market inroads against major competitors, like Kiwi Airlines, or conversely a large company can make more effective use of economies of scale. Game theory is not equally useful to all industries, in general the larger the industry, the more difficult it is to create accurate scenarios, as eventually the variables that must be analyzed grow too complex and numerous.

Peak Oil The global oil industry covered all of Earth's continents in search of oil, and the limited results that they found prompted geologist M. King Hubbert to declare an impending peak oil situation; but the prospect of peak oil has not been reached more than 60 years later, and in fact, the rate of new oil prospectus has been growing in the past decade. The reason for this is sheer

Marxist ideas have also provided as a starting point for many of the modern feminist theorists. Despite these applications, Marxism of any variety is still a minority position among American sociologists (Conflict Theory, 2000). Marx's sociology state that: 1. Particular forms of property, slavery, feudal landholding, and capital are upheld by the coercive power of the state. Thus classes formed by property divisions, slaves and slave-owners, serfs and lords, capitalists and

Introduction Conflict theory was first articulated by Karl Marx as a way to explain his perception that society was engaged in a continual struggle or conflict due to a finite supply of resources. As a result, the order of society is determined by the powers that rise to the top to control the resources. The subtext of this theory is that order is established by rule and tyranny rather than by

Because promises are usually kept, it is usually reasonable to rely on a promise, and promises are usually relied upon. (p. 1) Despite its centrality to the human condition, the social practice of promising remains primitive and incomplete in comparison to other disciplines such as mathematics and linguistics (Mather, 1999). When it comes to the promises contained in contracts of any type, there are some general guidelines but these do

One party may take power away from the other. One party may lose power. This interaction or exchange leads either to equilibrium between the wielders of power, or to disequilibrium and imbalance. One can take Coleman to be saying that power is an element of exchange (or retraction) within the field of conflict. It is like the goal struggled for between two opponents on a sports pitch. It includes