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What Is Market The word market is used in a number of ways. There is a stock market and an automobile market, a retail market for furniture and a wholesale market for furniture. One person may be going to the market: another may plan to market a product. What, then is a market A market may be defined as a place where buyers and sellers meet, goods or services are offered for sale. and transfers of ownership occur. A market may also be defined as the demand made by a certain group of potential buyers for a good or service. For instance, there is a farm market for petroleum products. The terms market and demand are often used interchangeably; they may also be used jointly as market demand. These definitions are not sufficiently precise to be useful to us here. For business purposes we define a market as people or organizations with wants (needs) to satisfy, money to spend, and the willingness to spend it. Thus in the market demand for any given product or service, there are three factors to consider—people or organizations with wants(needs),their purchasing power, and their buying behavior. We shall employ the dictionary definition of needs: the lack of anything that is required, desired, or useful. We do not limit needs to the narrow physiological requirements of food, clothing and shelter essential for survival. In our discussion the words needs and wants are used synonymously and interchangeably. In a strict interpretation, however, needs would refer to such basic physiological requirements as food, clothing, and shelter, while wants would be non-basic preferences. However, in our affluent society, little is to be gained by trying to differentiate between the two. Many of us would see as needs some items that are far beyond food, clothing, and shelter. Strictly speaking, "wants" refers to people’s emotional needs.
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One Good Reason to Let Smallpox Live It’s now a fair bet that we will never see the total extinction of the smallpox virus. The idea was to cap the glorious achievement of 1980, when smallpox was eradicated in the wild, by destroying the killer virus in the last two labs that are supposed to have it-one in the US and one in Russia. If smallpox had truly gone from the planet, what point was there in keeping these reserves (51) reality, of course, it was naive to (52) that everyone would let (53) of such a potent potential weapon. 1 Undoubtedly several nations still have (54) vials. (55) the last "official" stocks of live virus bred mistrust of the US and Russia, (56) no obvious gain. Now American researchers have (57) an animal model of the human disease, opening the (58) for tests on new treatments and vaccines. So one again there’s a good reason to (59) the virus-just in (60) the disease puts in a reappearance. How do we (61) with the mistrust of the US and Russia (62) Keep the virus (63) international auspices in a well-guarded UN laboratory that’s open to all countries. The US will object, of course, just as it rejects a multilateral approach to just about everything. But it doesn’t (64) the idea is wrong. If the virus (65) useful, the let’s make it the servant of all humanity—not just a part of it.
One Good Reason to Let Smallpox Live It’s now a fair bet that we will never see the total extinction of the smallpox virus. The idea was to cap the glorious achievement of 1980, when smallpox was eradicated in the wild, by destroying the killer virus in the last two labs that are supposed to have it-one in the US and one in Russia. If smallpox had truly gone from the planet, what point was there in keeping these reserves (51) reality, of course, it was naive to (52) that everyone would let (53) of such a potent potential weapon. 1 Undoubtedly several nations still have (54) vials. (55) the last "official" stocks of live virus bred mistrust of the US and Russia, (56) no obvious gain. Now American researchers have (57) an animal model of the human disease, opening the (58) for tests on new treatments and vaccines. So one again there’s a good reason to (59) the virus-just in (60) the disease puts in a reappearance. How do we (61) with the mistrust of the US and Russia (62) Keep the virus (63) international auspices in a well-guarded UN laboratory that’s open to all countries. The US will object, of course, just as it rejects a multilateral approach to just about everything. But it doesn’t (64) the idea is wrong. If the virus (65) useful, the let’s make it the servant of all humanity—not just a part of it.
Unidentified Flying Object Unidentified Flying Object (UFO) is any object or light, reportedly sighted in the sky, that cannot be immediately explained by the observer. Sightings of unusual flying objects date back to ancient times, but UFOs (sometimes called flying saucers) became widely discussed only after the first widely publicized U. S sighting in 1947. Many thousands of such observations have since been reported worldwide. At least 90 percent of UFO sightings can be identified as conventional objects, although time—consuming investigations are often necessary for such identification. The objects most often mistaken for UFOs are bright planets and stars, aircraft, birds, balloons, kites, aorial flares, peculiar clouds, meteors, and satellites. The remaining sightings most likely can be attributed to other mistaken sightings or to inaccurate reporting, tricks, or delusions, although to disprove all claims made about UFOs is impossible. From 1947 to 1969 the U. S. Force investigated UFOs as a possible threat to national security. A total of 12,618 reports were received, of which 701 reports, or 5.6 percent, were listed as unexplained. The air force concluded that "no UFO reported, investigated, and evaluated by the Air Force has ever given any indication of threat to our national security". Since 1969 no agency of the U.S. government has had any active program of UFO investigation. Some persons, however, believe that UFOs are extraterrestrial spacecraft, even though no scientifically valid evidence supports that belief. The possibility of extraterrestrial civilizations is not the stumbling block; most scientists grant that intelligent life may well exist elsewhere in the universe. A fully convincing UFO photograph has yet to be taken, however, and the scientific method requires that highly speculative explanations should not be adopted unless all of the more ordinary explanations can be ruled out. UFO enthusiasts persist, however, and some persons even claim to have been captured and taken aboard UFOs. No one has produced scientifically acceptable proof of these claims. Behavioral scientist Carl Sagan once proposed that "certain psychological needs are met by belief in superior beings from other worlds. \ Why did Carl Sagan think there are so many UFO enthusiasts ______
One Good Reason to Let Smallpox Live It’s now a fair bet that we will never see the total extinction of the smallpox virus. The idea was to cap the glorious achievement of 1980, when smallpox was eradicated in the wild, by destroying the killer virus in the last two labs that are supposed to have it-one in the US and one in Russia. If smallpox had truly gone from the planet, what point was there in keeping these reserves (51) reality, of course, it was naive to (52) that everyone would let (53) of such a potent potential weapon. 1 Undoubtedly several nations still have (54) vials. (55) the last "official" stocks of live virus bred mistrust of the US and Russia, (56) no obvious gain. Now American researchers have (57) an animal model of the human disease, opening the (58) for tests on new treatments and vaccines. So one again there’s a good reason to (59) the virus-just in (60) the disease puts in a reappearance. How do we (61) with the mistrust of the US and Russia (62) Keep the virus (63) international auspices in a well-guarded UN laboratory that’s open to all countries. The US will object, of course, just as it rejects a multilateral approach to just about everything. But it doesn’t (64) the idea is wrong. If the virus (65) useful, the let’s make it the servant of all humanity—not just a part of it.
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