Segmentation and Consumer and business buying behavior Coursework

Segmentation and Consumer and business buying behavior - Coursework Example Furthermore, these children have an access to computers and the internet, and on this basis, they can download these games from the site of the company. Some schools also have a curriculum that aim at teaching students some computer programs, and this includes computer games. These schools are also a target, mainly because the games under consideration can also be used to teach students on how to operate computer software. One of the consumer products that was specifically targeted to me is Nokia Lumia. This phone is developed through the android technology, and contains social networking sites such as twitter and face book. On this basis, this phone had the capability of satisfying my needs, mainly because I use phones to access the social network sites and the internet. The segmentation strategy used in marketing this product is behavioral. This is because Nokia realized that most people love surfing the internet using mobile phones, hence coming up with a phone that contains social media and with the capability of surfing the internet (Aaker, 16). Another consumer product that was tailored for my need is a designer watch, manufactured by RGM. This watch was designed in a manner that it reflected the current popular fashion, as it was golden in nature, and very attractive to look at. The segmentation strategy used to market this product is the psycho-demographic segmentation. This segmentation process focuses on culture while developing the marketing

Forensic Deoxyribonucleic Acid: History and Applications

Forensic Deoxyribonucleic Acid: History and Applications Paulean Gonzalez Deoxyribonucleic acid (DNA) is located in the nucleus of every cell and is the genetic material that makes up cellular organism and viruses. However, DNA can be used in multiple ways when it comes to forensics. It assists in linking an individual to a criminal act, to exonerate victims or even to identify victims in mass disasters. DNA is what accounts for genetic information and DNA also codes for the proteins that are necessary for our body to survive. The history of DNA dates back to Gregor Mendel as well as Francis Crick and James Watson. DNA can be found in many different parts of the body but none of that would really matter if forensic units had no way of determining and linking the DNA to certain individuals which is why the multiple ways of DNA testing are so important. The inheritance of characteristics as well as the functions of DNA also plays an important role in forensic DNA. While what could be considered the most important part to how forensic DNA is used is the outcomes and the ways it was used in courts. History Gregor Mendel It was in 1865 that Gregor Mendel, who was an Austrian monk, went before the Brno Natural Science Society and presented two lectures that summarized his experiment results on heredity in the garden pea. Mendel’s experiment was based off the cross pollination of a wrinkly green pea plant with a smooth yellow pea plant. In this experiment Mendel was able to discover that there was both a dominant and a recessive trait. His experiment allowed him to come up with three different conclusions. His three conclusions were that the inheritance of each trait was determined by what is known as a gene, that an individual receives one set of genes from each parent, and that even though a trait does not show up in an individual it is possible to still be carried on to the next generations. In Mendel’s experiment he discovered what is known as the Principle/Law of Segregation or otherwise known as his First Law. In this law there was four different parts that were included. The first part was that there were other forms of the genes that were inheritable known as alleles. The second part was that each offspring receives one allele from each parent. The third part both the sperm and the egg hold one allele for each trait and during fertilization they pair. Lastly, if the alleles are different only one appears while the other is not. The one that is shown is the dominant trait while the one that is not shown is the recessive trait. Mendel also came up with what is known as the Principle/Law of Independent Assortment which is also known as Mendel’s Second Law. In this principle, Mendel discovered that the different alleles were passed on individually and not based on one other. Mendel saw many different combinations which meant that there was separation from one another. In the early 1900’s it was believed that inheritance was fluid in nature, which was termed â€Å"half-blood† and â€Å"true-blood.† However due to Mendel’s experi ment and his repeat experiments, it was discovered that the genetic information was a particulate, which is the â€Å"unchanging nature of the DNA molecule that allows DNA fingerprinting† (Herrero, 2009, p. ). Crick and Watson Roughly around 50 years ago Francis Crick, an English graduate student, and James Watson, an American post doctorate researcher, first proved that the structure of DNA was a double helix. For their efforts Crick, Watson, and Maurice Wilkins were awarded the 1962 Nobel Prize in Medicine for their â€Å"discoveries concerning the molecular structure of nucleic acid and its significance for information transfer in biological material† (Herrero, 2009, p. ). Both Watson and Crick have helped in the basic understanding of manipulating DNA as well as the understanding of DNA replication, transcription, and translation. They believed that DNA was shaped like twisted ladder. The sugar phosphate backbone made up the sides of the ladders while the nitrogenous bases made up the rungs of the ladder. The ladder of DNA is made up of building blocks that are known as nucleotides. DNA makes up every chromosome and gene and is a polymer of repeating units that are known as nucleotides. Each of the nucleotides contains three specific parts; the phosphate group, sugar, and the nitrogenous base. The nitrogenous base consists of one of the four molecules including adenine, guanine, thymine, and cytosine (Herrero, 2009). Types of DNA There are also two types of DNA’s. The two types of DNA’s are the nuclear or chromosomal DNA which is inherited from mother and father and the mitochondrial DNA which is inherited from only the mother. DNA can be located in the cells of our body. Nuclear DNA can be present in a cell’s nucleus and is a combination of information that is inherited from both parents. It helps in the makeup of an individual’s genetic material. Nuclear DNA is best known as the â€Å"molecule of life and contains the genetic instructions for the development of all living organisms† (Nuclear DNA, n.d). Nuclear DNA can be found in almost every single cell except for red blood cells. Nuclear DNA was clearly expressed in Gregor Mendel’s Pea Experiment. His experiment was able to present information to back up the statement that half the information that was received was from the mother while the other half of information was received from the father. Mitochondrial DNA does not come from cell nucleus; it instead is located in the mitochondria of the cell. The mitochondrion is a â€Å"specialized subunit within a cell that functions as the powerhouse of the cell† (Herrero, 2009, p. ). It is more likely that a small sample of mitochondrial DNA could be discovered compared to nuclear DNA. This is because mitochondrial DNA is present in hundreds to thousands of copies in each cell compared to the only two nuclear DNA copies that are present in a cell. This means that all muscle, bone, hair, skin and many other body fluids are capable of finding mitochondrial DNA. The advantages to using mitochondrial DNA are that they are more sensitive which means less DNA is needed, degrades slower than nuclear DNA, and it can be used in cases where nuclear DNA cannot. The disadvantages to mitochondrial DNA are that all people of same maternal line will be indistinguishable and there is more work to be done, it is more time consuming, and it is more costly (Herrero, 2009). DNA Tests The two previous methods that were used were the Restriction Fragment Length Polymorphism (RFLP) Analysis and the Polymerase Chain Reaction (PCR). While the new method that is currently being used is the Short Tandem Repeat (STR). Although all tests may be different, they all require that an extraction of DNA from the sample. All three tests have had their fair share of helping the forensic units as well as being the go-to test that was responsible for the prosecution of many felons as well as the exoneration of many former criminals. Restriction Fragment Length Polymorphism RFLP was the first DNA profiling technique that was used and was seen in a widespread of areas. It was developed by Sir Alec Jeffreys in 1984. This test was capable of allowing the fragments of DNA to be measured. However as it became difficult and expensive as well as taking weeks to perform and being very demanding it became outdated. For this test analysts linked the size of fragments from a reference that was known to a crime scene sample that would allow them to match two DNA profiles. One thing that caused problems for this type of testing was that many samples from the crime scenes appeared to be too small to be tested. For example a speck of blood would be of no use with the RFLP testing. Due to biotechnological advances there would soon be more sensitive tests that would turn into what is today’s DNA profiling (Herrero, 2009). Polymerase Chain Reaction The PCR test was invented so that multiple copies of a small DNA could be replicated. This test was created in 1987 by Kary Mullis, a biochemist, and Henry Elrich, a nuclear biologist. The way that this test works is that an enzyme was found that could withstand the het needed to â€Å"unzip the two strands of the DNA double helix for replication without breaking apart the enzymes itself† (Herrero, 2009, p. ). A problem that regularly occurs with the PCR test can be contamination. When the samples are being amplified it is crucial to be very careful and avoid adding extra cells onto the sample before it is amplified. A simple sneeze to a laugh could ruin the evidence (Herrero, 2009) Short Tandem Repeat By 1998, the FBI created a more multiplex version of the PCR test known as the Short Tandem Repeat (STR). This test is still being used today. Similar to the PCR test, the STR test is capable of working with small samples. There are three different color dyes that are used to â€Å"distinguish STR alleles with overlapping size ranges† (Herrero, 2009). The STR test evaluates specific regions within nuclear DNA. It is color coded as well as automated and computerized which makes it so easy to navigate (Herrero, 2009). Combined DNA Index System In 1998 the Federal Bureau of Investigation (FBI) launched the Combined DNA Index System (CODIS). Today, 44 of the 50 states are allowed to collect DNA from all felons, 28 of the 50 states are allowed to collect DNA from juvenile offenders and 39 of the 50 states can collect DNA from those who commit certain misdemeanors. In 1994, Congress came up with the DNA Identification Act of 1994 which authorized the FBI to maintain a national database that allowed the sharing of DNA information between states. There are three tiers to CODIS, which are the local (LDIS), state (SDIS), and national (NDIS). CODIS uses 13 different DNA regions that can vary from person to person and matches are searched for at more than one location on a genome for more accurate results. By 2004, all 50 states were connected with the limited profiles of those who had been convicted of serious, violent crimes. On October 30, 2004, President George W. Bush signed the Justice For All Act that expanded the CODIS system and allowed the collection of DNA from all federal felons and allowed the states to upload the profiles of anyone who had been convicted of a crime (Herrero, 2009) Inheritance of Characteristics The many different characteristics that we inherit are in the form of DNA. However, we do not inherit the characteristic; we simply inherit the information that produces our characteristics. Half of the genetic material that we inherit is received by each parent. The sperm and egg are produced in the gonads of the parents and results in the â€Å"production of gametes that carry only half of the DNA that made the parents unique† (Herrero, 2009, p. ). A new individual is created when the sperm and egg are bonded. Much like the parents this new individual has two copies of all the genetic information and can produce eggs that will only have one copy of each gene if a female; however if it is a male it also has two copies of all the genetic information but can only pass one of the two to each of his offspring. The information that we receive is in pairs. The reason for this as stated before is because half the information is received from the mother while the other half of inform ation is received from the father (Herrero, 2009). DNA in Courts Due to fact that DNA can be found in blood, semen, saliva, urine, hair, teeth, bone and tissues, it plays an everyday role in courts. Kirk Bloodworth On March of 1985, Kirk Bloodworth had been convicted of the killing as well as sexual assault of a little nine year old. The little girl’s body was found dead in July of 1984. It had been discovered that she had been beaten with a rock, strangled and raped. Bloodworth was arrested based off an eye witness stating that they had seen him with the little girl earlier on the day that she went missing. Five eyewitnesses were even able to identify Kirk Bloodworth based off sketches. Other evidence that was presented against Bloodworth was that on the day of the incident he had told his wife that he had done something that would change their lives forever as well as him mentioning something about a bloody rock (Know the Cases-Kirk Bloodworth, n.d.). Bloodworth appealed the decision. His reason for appealing was that the bloody rock had only been mentioned because during interrogation the police had shown him a bloody rock. The incident in which he told his wife their lives would change forever had been dealing with him forgetting to buy the food she had requested. The police also did not inform the defense that there was a possibility that there was another suspect. The appellate court decision led to Bloodworth being convicted and also sentenced to two life terms that would run consecutively (Know the Cases-Kirk Bloodworth, n.d.) â€Å"In 1992, the prosecution agreed to DNA testing to be performed by the Forensic Science Associates† (Know the Cases-Kirk Bloodworth, n.d., p. 1). The victim’s shorts and underwear, a stick that been discovered at the scene, as well as an autopsy slide had been compared to Bloodworth. The PCR testing that was used was able to determine that the evidence left on the underwear did not match with Bloodworth. The same tests were then performed again by the Federal Bureau of Investigation and the same results were found (Know the Cases-Kirk Bloodworth, n.d.). In June of 1993, Bloodworth was released from prison and in December of 1992 he was pardoned. Over eight years of his life were lived in prison with two of those years him facing execution. Bloodworth became the first person to be â€Å"exonerated from death row through post-conviction DNA testing† (Know the Cases-Kirk Bloodworth, n.d., p. 1). Kirk Bloodworth’s case set the stage for many cases that are soon to come (Know the Cases-Kirk Bloodworth, n.d.) Freddie Peacock After serving five years in a prison in New York and nearly three decades after being released on parole, Freddie Peacock was able to clear his name thanks to DNA testing. Peacock was the 250th person cleared through DNA testing after being convicted for crime in which he did not commit (Know the Cases-Freddie Peacock, n.d.). The crime in which he had been serving had occurred on a night in July of 1976. A New York woman was returning to her apartment from work and was attacked. When the woman was unlocking her apartment door, the man approached her from behind, took her keys and threw her to the ground. Where she was thrown to the grown she struck her head. The woman was told that if she screams she would be killed. The woman was pulled by her perpetrator to the side of a house that was nearby and was raped. Once the perpetrator was done he returned the woman her keys and left. The woman went back to her apartment building where she told the building superintendent who then proceeded to call the police. She later testified that she was only able to see her perpetrators face when she was in a dark are. She was able to describe that her perpetrator was an African-American man who weighed about 150 pounds and had been wearing a white, flower shirt (Know the Cases-Freddie Peacock, n.d.). The woman had originally struggled to remember the details of the crime but later admitted that she believed that her neighbor was the perpetrator. The superintendent responded by asking if it was Freddie and she had said yes. Peacock’s photo was included in a 10-photo collection where she identified him again. Two hours after the attack, Peacock was arrested. The woman once again identified him through a window in one-person show up procedure. After being interrogated for two and a half hours, he had initially denied being the perpetrator but the police claimed he confessed. Peacock confessed to having several severe mental illnesses and was hospitalized for it multiple times. Peacock was unable to tell authorities how, when, and where was raped. Peacock never signed the alleged confession that the officer wrote with all the details to the crime (Know the Cases-Freddie Peacock, n.d.). At the trial, the victim testified saying that she knew he was a perpetrator because of his beard and eyes and claimed that deep down she knew it was him. She claimed that Peacock and she had only spoken twice and he had entered her apartment once uninvited. A doctor even testified that the bodily samples that were collected from the victim at the hospital, but other evidence was not presented. Peacock was eventually convicted and sentenced to up to 20 years in prison (Know the Cases-Freddie Peacock, n.d.). Peacock had been released on parole after five years in the New York prison. Thanks to his families and church support he was able to receive treatment for his mental illness. After contacting The Innocence Project in 2002 to help him clear his name. DNA evidence was obtained and able to rule him out. This evidence was taken before a judge. A state judge tossed out the conviction. This meant his name had been cleared after 34 years of wrongful convictions (Know the Cases-Freddie Peacock, n.d.). Conclusion All types of cells in the body contain the copy of the same DNA, for example DNA can be found in the blood cells, saliva cells, tissues cells and even the semen cells. DNA Functions DNA has two primary functions. These two functions include transmitting information from one generation to the next as well as providing the blueprint for making proteins the same way every time. References Herrero, S. (2009). Forensic DNA: Technology, Application, and the Law. In S. H. James J. J. Nordby (Eds.), Forensic Science: An Introduction to Scientific and Investigative Techniques (pp. 303-325). FL: CRC Press. Know the Cases-Freddie Peacock (n.d.). The Innocence Project. Retrieved from http://www.innocenceproject.org/Content/Freddie_Peacock.php Know the Cases-Kirk Bloodworth (n.d.). The Innocence Project. Retrieved from http://www.innocenceproject.org/Content/Kirk_Bloodsworth.php Nuclear DNA (n.d.). Retrieved from http://en.wikipedia.org/wiki/Nuclear_DNA

More Than A Grandfather :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  More Than A Grandfather   Ã‚  Ã‚  Ã‚  Ã‚  My grandfather has had such a huge impact on my life. Why, you ask? It’s because of the kind of person that he is, and all of the things he has accomplished in his life. He has been successful at every thing he has ever done and has never failed at anything he has ever tried. He worked so hard for everything that he has and at one point he had to work two jobs to support his wife and four kids. He has always been a great provider for his family. I can only hope to be half the person he is. My grandfather has been my strength and inspiration throughout the years. His kindness, love and good examples were stepping stones for me to follow.   Ã‚  Ã‚  Ã‚  Ã‚  John B. Martinez was born to John Martinez Sr. and Dora Martinez on November 11, 1929. My grandpa was born and raised in the wild and rugged terrain of Colorado Springs, Co. He was the youngest of five children, and was raised during a tough time in our history, the Depression Era. However, his family was rich in other ways, they had each other and they had the land they lived on, which was filled with magnificent aspen groves that blanketed the many slopes. To my grandfather their land was like his playground and his jungle where he could do as he pleased. His playground was as broad as his imagination and as a child he had many adventures in his jungle. During the summer, he and his friends spent countless days at a near by watering hole, diving in and swimming to escape the hot summer days. In the spring they would run through the wildflower filled foreground, as he described it I could see the light violet Showy Daisies, lemon yellow Sunflowers, baby Blue Bells, and the pink Mountain Dandelions. In the winter when the water would freeze over, they would ice skate and have snow ball fights.   Ã‚  Ã‚  Ã‚  Ã‚  My grandfather was a very successful man in life. When he was seventeen years old he started work picking cotton in the local farms and would bring every cent he earned home for his parents. He shortly enlisted in the Air Force on November 20, 1946 where he trained to be a fire fighter. Even though he was away from his family he still sent money every month. Later he

“Before the sun” by Charles Mungoshi Essay

This is a simple poem written by the African poetCharles Mungoshi, in which a boy talks about his every day life activity. The boy like all others desperately wants to convince others or even himself that hes a grown up, and so seek to copy the activities that old people do. He wakes up every day before the rising of the sun. The boy explains the nature around him, and how his life is simple or even sometimes tiring (he wakes up very early to work hard, like grownups do). In the first stanza the poet gives us concept of time, which shows us that its dun, a beginning of a new day. Promising early heat and later in the afternoon heavy rain, this phrase shows how heat changes into rain. This explains how things change, nothing stays the same, it also explains how one thing leads to another. The early heat leads to evaporation of water, which condenses to form rain. The warm blue morning, will eventually change to heat and later to heavy rain. The poet uses the word promises before early heating, its like you cant avoid the heat, it will eventually come. The second stanza shows the concept of color, bright chips he says. He explains the strength of the sharp axe, which drives the chips to fly for some distance through the air. The poet draws our attention by writing a one word line arc. This line on my opinion is to assure the strength of the axe. We can tell that the child loves his every day activity by the way he nicely explains the nature around him. Like the chips that disintegrate when he cuts the wood, it settles down in showers on the dewy grass. The poet amazingly draws our attention to all the little details of the nature around him, which can help us easily imagine the niche hes living in. It is big log, but when you are fourteen big logs are what you want. Its strange for a fourteen years old child to want a big log. This can show us again the simple life the child is living. Fourteen year old wants big logs because, its a challenge to them, it shows how strong they are, its like 14 versus big logs. In the forth stanza, the poet shows the benefits of the wood and how it cures from sneezing unlike sawdust. The wood gives out a sweet nose-cleansing odour explains the poet. Again, the poet draws our attention on the fifth stanza to the details of the thin spiral of smoke which he metaphors its raising to the sky with a flute straightened out to the sky, and a single of some sort, or a sacrificial prayer. In both this two stanzas, the poet explains and metaphors the beauty of the wood that he cut down. This happens to a lot of us, people specially children look at whatever thing they accomplished and felt that they worked hard on it, as a beautiful thing, no matter how terrible it is. The poet metaphors the sound he hears when the wood is burned, with the hiss of the snake, and the scatter of the sparks with flying. The poet similes the rising or showing up of the sun, with some latecomer to a feast. This can identify to us the hunger that the boy felt. I have got two cobs of maize ready for it. Although the boy is trying to act like a grown up, cutting down woods, he cant resist his childhood side and not play with his imagination. I tell the sun to come share with me the rousted maize. The boy is visualizing the sun as his friend, whom hes asking to come to come and shares his roasted maize with. The boy personifies the rising of the sun with the wink of a grown-up. After a hard day full of working, the boy eats his maize visualizing that hes sharing it with the sun one for the sun, one for me. The boy describes the empty cobs with little skeletons in the sun. We can notice that the poet is describing in each stanza a specific part of the nature around him, the rising of the sun, the smell of the wood, the scatter of the its chips, and its hissing voice. The boy impresses me with the way he looks at his simple life. For most of us, its a struggling life were we have to wake up early and work, but for the boy, its an exciting life with challenges and making up friends with the nature around him.

Relating Marxist Theory with the Business Cycle in Economics Essay

Marx question essay How does an over-abundance of goods produce an apparent â€Å"famine† (depression)? Is it possible to produce too much as Marx contends and if so, how can such overproduction be prevented? When Marx says over production causes famine he is referring to the economic/ business cycle. This is a theory which had been confirmed by the ‘the panic of 1825’a stock market crash that started in the Bank of England arising in part out of speculative investments in Latin America, including the imaginary country of Poyais. This is how it works: The growth trend refers to potential Gross domestic Product (GDP) or simply the level of economic growth, which is desiredi. e. in which the level of unemployment neither below nor above the optimal level. The bending arrows represent the actual level of economic growth achieved or RealGross domestic Product (RGDP). This is alsocalled real output aslabeled on in the diagram. Aggregate demand is the total amount of goods and services that all buyers in an economy want to buy at different prices, Aggregate supply is the total quantity of goods and services produced in an economy at different price levels) This happens in perpetual cycles that cannot usually be accurately predicteduntil it is too late. Governments and the market try to ease the effects of these cycles. When Marx says â€Å"a great part not only of the existing products, but also of the previously created productive forces, are periodically destroyed† he is referring to the collapse of markets, the closure of business and the loss of jobs that happen during recessions. And when he saysâ€Å"famine† and â€Å"a state of momentary barbarism† he is talking of the effects of these collapses such as widespread unemployment, shortages of food, protests and riots and a general reduction in standards of living. Despite the unpredictability of the economic cycle what is certain is that a recession follows a boom. In a boomas more is produced people earn more and spend more, as a result prices become higher, and when prices become too high people are in effect earning less and they spend less therefore then the economy goes into recession, eventually the process repeats itself. This is why it can be contended that overproduction causes this famine. In Marx’s eyes the destructive effects of the cycle become worse and worse each time it occurs and this will eventually lead to the total collapse of the system itself. The only remedy to this problem would be a complete upheaval of this system. This is because of the way it its intrinsically structured. Marx says isâ€Å"Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. † What this means is that the system is built in such a way that production needs to keep changing and expanding; as old markets close new ones open up and this continues on in this way. This causes the fluctuations in aggregate demand and supply and consequently the cycle of boom and recession. So while society may try to ease the effects of the fluctuations the fluctuations themselves cannot be stopped. Thus another way of providing for the needs of people needs to be developed, the bourgeoisie needs to be uprooted and a system of communism put in place. If material wealth is distributed on the basis of need there should never be over-production, there will be no need for continual exploitation of new markets and thus the economic cycle should no longer occur. Marx’s thinking makes a lot of sense especially when observing the effects of economic downturns since the panic of 1825. Their effects have gotten increasingly worse. In latest downturns we see record high rates of unemployment and record lowstandards of living globally. However the claim that this directly arises from over-production can be disputed because of the basic principle of supply and demand. Production in a Capitalist economy is driven by demand. If people are willing to purchase goods at certain prices they will be produced by profit seeking (1) http://en. wikipedia. org/wiki/Business_cycle#Marxist_economics suppliers. If demand falls, production falls and vice versa. Therefore one can argue that production is dependent on societies’ needs and wants so any overproduction will be an impossibility, as nothing that is not demandedwill be produced. This has the implication that the fluctuations in the economy are caused by societies’ demands. However if society were to bearranged in such a way that the means of production were commonly owned and wealth was distributed by basis of need then the fluctuations would affect everyone equally and would effectively cause no real problem. In this situation a communist system would be essential Overall one would say that Marx’s idea seems to hold water. This is especially because of the historical evidence we have of economic crises even long after his death. Nevertheless there are some inconsistencies in what he contends and those need to be addressed for his system to work. As I stated in class there should have been more distinction between Marxist economic theory.