Postmodernism in Modern Society Research Paper Example | Topics and Well Written Essays - 1500 words

Postmodernism in Modern Society - Research Paper Example There has been a contracting debate on postmodernism among architects and plastic and visual artists. As defined by architectures, postmodernism is taking half from the traditional ways of doing things and getting the others from supplementary sources to develop a blended component. It entails using modern approach to address traditional issues in architecture. The same thing applies to visual arts. In visual arts, postmodernism is the process of blending conventional arts with new arts. There has been mixture of traditional medium of printing and the modern means of printing and designing in modern visual arts. In music, postmodernism has a remarkable impact to the method of dancing, instruments used and the costumes used in dancing. Although traditional music does not significantly change, there are some aspects of the music which are affected by postmodernism. Change in music arts, styles, and costumes has an impact on artist way of living.1 Postmodernism in visual arts has a comp lex history. Many scholars in the field are not confident in using the term since they believe it wiped away practices and techniques that existed in the field over the last thirty years. Although, there is no agreement on the components appropriate to define the current changes in visual art, postmodern arts is described as the art developed after the diminish of modern arts in 1960s. The movement that defines postmodernism includes the pattern painting in the mid 1970s. During this time, Americans celebrated both non-geometric and geometric arts. Artists were reacting against the Puritanism of negligible and abstract arts. The second widespread movement was Neo-Expressionism which occurred in the late 1970s and early 1980s. At this time, practitioners were advocating for the return of traditional sculptures and painting art. This movement was common among German expressionists. There was also another movement that occurred in mid 1980s called Neo-Geo. Practitioners in this movemen t were parodying the previous movements. They used Day-Glo colors to communicate their message. The actors in this movement were contradicting with Neo-Expressionist idea on postmodernism. The other commonly known movement was New British sculpture. This involved the sculptures of common artists at that time. According to them, there was decay in United Kingdom urban environment which led to waste of consumer community in the country. They also intended to explore the manners in which different objects were given meaning in the society. There was also Super-Realism movement which took place between 1960s and 1970s. This movement was also called Photo-Realism. The pioneers of this movement were trying to express their dissatisfaction with the application of photography in the arts of painting. Nevertheless, their concern was on technical predicament of putting light and tones on a surface instead of general verisimilitude.2 In general, postmodernism art is due to the reaction of mode rnist arts obsession. Postmodernism is the reintroduction of morals, ornaments and decorations in art and sculptures. At around 1967, art magazines were occupied with sleek cube form, but in 1969, this was substituted with photographic image, language, ongoing process and natural substances. Most of postmodern artists portray nonchalance in addressing mismatched styles. They combine different style in one art. In this case, they lack purity and uniformity in

Macro-economical Side of World Price of Wheat Assignment

Macro-economical Side of World Price of Wheat - Assignment Example Normally, when a good has high demand with a given supply, the price for the same tends to come up and when it is demanded by a few, the price tends to come down. But, it is to be noticed that this relationship between price, demand, and supply do not hold good always. There are exceptions to this general rule. However, in the case of commodities that are normally consumed, this rule can be applied. It can be, therefore, inferred that demand and supply are two opposite extremes of the same phenomenon and when it comes together (it is necessary), the price is determined, called the equilibrium price. This equilibrium price ensures that quantity demanded is just equal to the quantity supplied at any time point and this decides the price of that good (Forget 1999, p. 141). In the context of a hike in the price of enriched wheat flour in Malaysia, the following demand-supply model is suggested. The price of wheat here is determined by the forces of quantity demanded and supplied. The quantity of wheat supplied at any time is the amount of wheat that the suppliers are ready to offer at a certain price. Similarly, the amount of quantity of wheat demanded by consumers implies the quantity that consumers are ready to purchase at a certain price. When both demand and supply interact together at a point, the price is determined. This situation is known as the equilibrium price. This situation gets affected when there is a mismatch between quantity supplied and demanded. At this juncture, the quantity demanded does not coincide with what is offered by suppliers and thereby the price reaches disequilibrium. This price disequilibrium gets adjusted by either a price cut or a price hike as the case may be and eventually reaches the price equilibrium. The major reason put forward here for the inevitable price hike is the shortage of wheat in the home market. When there is a shortage of an essential good, the demand for the same would increase as a certain amount of the good is consumed daily. Therefore, when there is a shortage in the supply of wheat in the country, the demand for wheat flour increases and naturally there is an adjustment of price. However, this economic problem can be overcome by shifting the consumption of wheat from enriched wheat to normal wheat. The price of normal wheat will not be affected much as it is abundantly available. Hence, the authorities can proceed with stabilizing the price at a level where the consumers in the home market will not be harmed much. Explain the determinants of the price elasticity of demand as they apply to the demand for wheat. Use your conclusions about the price elasticity of demand to explain what they imply about the revenue that Australian wheat farmers are likely to receive as a consequence of the poor harvests in Australia Price Elasticity of Demand of a good is commonly understood as the degree to which the consumers respond to a change in price. If the consumers are highly responsive that they demand more of the good, when there is a price cut, the good id said to have price elasticity. It is measured by a coefficient. When the coefficient is high, the good is highly elastic and vice versa (Hoag 2006, p. 102).