Importance of Trading Market Free-Samples for Students-Myassignment

Question: You are required to produce an Essay on Use of Statistics. Answer: Introduction There are many ways in which we can see that trading industries grow or de grow, there are many elements responsible for the same however when it comes to majorly effecting elements they are two the exports and imports. When we talk about exports we are actually talking about sending our product to the buyers and when we talk about imports we are actually talking about receiving their products. In simple words exports represent independence and profits of any country or business. However, imports dont represent losses or dependence in fact they represent the interest of overall customer base and encourage to develop new possibilities of in house production of that particular product or category of products. Statistics Today the statistics are in favor but not that much there are many reasons of the same which influenced the market and made it earn the surplus of only 1.3 billion (Morien, D. 2007). As per statistics in January exports have fallen by 3% and the imports have risen by 4% which resulted in making Australian trade drop to an average of 2.1 billion a month. It shows that there are many products in Australian trading industry for which demands are not meeting the supplies (Wegner, T. 2010). There is one more side of the coin and that is the companies are not able to provide the in house alternatives of the imported products. Also, there is one more hidden aspect and that is the taxation on generated revenues which differs from category to category. There are many in house organizations which share the gains through high dividend payments so this was a huge windfall for them and the government. However, if a highly taxed category is generating revenues in spite of making good profits, it m ight not produce the growth in a manner in which a low taxed category might do. Fall in exports Coal Iron ore and Gold and silver these are the back bones of any trade industry. There is absolutely nothing in the world which remains unaffected when these industries change their behavior. January was a month of surprises for non-monetary gold it showed a de growth of 39%. Please remember that this is a small but a very deciding component of Australian Market. Coal and Iron Ore exports were low but thankfully its bad effects were slightly neutralized with rural goods industry. Rural goods industry was producing high numbers for all three months which helped in making the trading market growth chart balanced. Service exports also did well in the month of Jan and contributed by its decent growth of 1% (College Board. 2012).There are many hidden factors behind these numbers, Iron Ore and Gold industries are the ones which can contribute with higher numbers in case proper production and purification of metal remains in place. The losses show clearly that Coal business is lacking in t erms of quality or the utilization of production units is not being done up to the fullest, lack of man power to squeeze the resources can also be one of the reasons. There are many ways in which these issues can be conquered, by increasing the production and manpower. Rise in Imports All broad categories were showing an inflating import graph, however consumer goods category was showing the highest percentage of 7% increase (Mathworld, W. 2012). Capital goods were also up by 3.2% in the month of Jan and 13.6% over all. Another name is of Intermediate goods which rose to 3.8% these are the goods which industries use as a production element. This is how the overall trade market stats are; fortunately there are many productions which are doing well Importance of commodities investments It is seen that todays world is more focused on banking and monetary investments however a large level of financial investments depend upon production of various bug and small businesses. Please remember that investing in commodities means investing in production and after all it is the production which works with it all. If you analyze closely its the production which generates revenue to ensure that banking sector receives funds to invest. This is how it is more profitable to invest in commodities (Enudu, O. T. 2004). Also there are numerous categories and investment options available which if explained clearly will surely attract the investors. Investments made in commodities will encourage the organizations to expand further resulting in increased profits and more production than imports. Possible Solutions Since there is no set pace of the market growth there are no set formulas either, but we can surely correct the obvious. First of all when any organization imports basic consumer goods it clearly reflects two very optimistic elements of the market. One, the country is financially sound enough to afford the same and secondly there is an increasing demand of the same products (Creswell, J. 2003). Now since they are basic consumer goods they can be manufactured easily with in the country as well. Not only it will increase the ratio of production in the country itself but also will provide new ways of increased employment which results in a higher percentage of disposal income floating in trading market (Oyeka ,C .A. 2002). Thats how a secure market is organized. Analyzing the market trends and increasing the production percentage is also equally important and there are times when importing capital goods become a necessity (Kothari, C. R. 2004). This fact justifies the genuine imports ma de by different organizations. Iron ore and coal mining are interrelated and the lack of export of their products clearly reflects that there are issues regarding the utilization of resources. When it comes to making the best use of commodity trade I think the answer lies in increasing the marketing of investment schemes of commodities (Stathopoulos, V. 2012). This will help in making the residents more and more aware regarding investments and will encourage them to invest in them. There are many ways in which even an everyday working professional can gain while investing in the same. However, inclusion of some new schemes can prove very encouraging. Conclusion There are many positive signs available in the figures given above; increment in imports clearly reflects that the market is ready for an expansion. There are many ways in which commodity trade can contribute however the investment market needs to ensure that they are tapping the right clientele (Gray, J. J. 2012). Also, when it comes to things like basic consumer goods it will be better than the best to do a detailed analysis of imported categories and establishing those businesses in-house. References: Morien, D. (2007). Business Statistics, Thomson Learning Nelson. ISBN 978-0-17-013147-6. Wegner, T. (2010). Applied Business Statistics: Juta Academic, Methods and Excel-Based Applications,. Creswell, J. (2003). Research design: Qualitative, quantitative and mixed methods approach. (2nd ed.), Thousand Oaks, CA: SAGE Publications. Kothari, C. R. (2004). Research Methodology: Methods and Techniques. (2nd Ed.), New Delhi: New Age International Limited. Enudu, O. T. (2004). Introduction to Business Management: Enugu Willy and Johnkens Publications, Oyeka ,C .A. (2002). Elements of Applied Statistics, Cidac Publications, Enugu. Mathworld, W. (2012). "e." Wolfram Mathword. 07 16. Accessed 07 16, 2012. https://mathworld.wolfram.com/e.html Stathopoulos, V. (2012). "Space Shuttle Challenger Disaster." Aerospace Guide. 06 02. Accessed 07 22, 2012. https://www.aerospaceguide.net/spaceshuttle/challenger_disaster.html Gray, J. J. (2012). "Carl Friedrich Gauss." Encyclopaedia Britannica Online. Accessed 08 11, 2012. https://www.britannica.com/EBchecked/topic/227204/Carl-Friedrich-Gauss. College Board. 2012. "How the SAT Is Scored." College Board SAT. Accessed 07 22, 2012. https://sat.collegeboard.org/scores/how-sat-is-scored