Have you ever heard of the term “Resource Nationalization”? Resource nationalization has proven to be a positive and successful practice. Governments should nationalize their resources. The nationalization of resources has been a highly debated topic throughout the years. Some people believe that there are downsides, like lowering competition in the economy, and saying that less competition creates less motivation to develop new competition. Nationalization of resources improves the economy and is much cheaper to maintain. A great example of this is public transportation and the postal service. These are great results of resource nationalization. These reasons are just the tip of the iceberg for resource nationalization. Nationalization of …show more content…
According to the United States Postal Service, the mailing industry also supports $1.3 trillion in sales revenue and over 8.6 percent of U.S. Gross Domestic Product (GDP). The size of the mailing industry compared to other key U.S. industries is significant. What happens in the mailing industry echoes throughout the economy. The USPS provides 8.6 percent of the GDP in the US. The USPS also benefits the US industry with $1.3 trillion in revenue. According to the United States Postal Service, while radio, television and the Internet have irrevocably altered our information-gathering habits, postal correspondence remains the most secure and resilient form of communication, providing the American People with a delivery infrastructure vital to our National Security. The United States Postal Service provides a safe and easy way to communicate. The USPS provides the most secure and resilient form of communication, and is another positive result of resource nationalization. According to Etactics, the main purpose of USPS is to provide a public benefit to the country, which is mail shipment and delivery services. Money isn't necessarily what drives the post office to get up and deliver mail every day, but it's an indicator of how well everything operates. The USPS is driven to provide for their country, and help create an outlet that allows for cheap, easy, and secure communication, shipping and all postal services. The last two reasons are fantastic. However, not everybody thinks resource nationalization is a positive and orderly
The Postal Service Monopoly In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others. Generally the best type of market structure for the general public is per- fect competition because it creates the lowest possible price for the public.
1. Describe the nature and causes of the U.S. Postal Service orientation problem in the case. I offer that the causes of the U.S. Postal Service orientation problem are that the informal orientation and training structure is not defined clearly and it lacks the structure to ensure new employees are adequately prepared for their jobs as letter carriers. The poorly designed orientation and training process that is offered beyond that provided by Burgess is based on assumptions and is not reflective of well-planned design, implementation and evaluation phases of training as defined by Nick Blanchard and James Thacker.
As credit card companies offer new inducements and incentives to customers who shop by mail, it is anticipated that shopping by mail will become more prevalent. However, third-class postage rate increases and the placement of taxes on mail-order goods in some states may have a negative affect on the mail-order industry.
The U.S. Postal Service is one of the largest organizations in the world. In fiscal 2005, it had nearly 705,000 career employees and handled about 211 million pieces of mail through an extremely complicated system of carefully coordinated activities (United States Postal Service Annual report, 2005).
The amount of letters commissioned in America has been steadily decreasing on a daily basis. The majority of citizens are now sending their letters via e-mail or other methods of technology. Postal service companies such as USPS are struggling to keep business thriving. To compete with the technological advances in modern America, USPS should restructure their postal systems by terminating unessential delivery days and strategically limiting postal branches in order to conserve government money.
The following case describes FedEx’s transition from a single segment Express shipping company to a fully integrated, multi-faceted corporation. At the beginning, Federal Express was an air express transportation system designed specifically for shipping time-sensitive items like urgent documents or medicines. After receiving a large investment, Federal Express began its first night of operations on April 17, 1973. Within the first 10 years, Federal Express became the first U.S. start-up to achieve $1 billion in revenues. Nevertheless, in the late 1990’s with the development of technology, FedEx began to express concern in some areas of business. E-mail, its competitors (UPS), new innovative supply chain strategies with low production
Environment Destroyer “One of the things the government can 't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt.” These are the words of Lee Iacocca, and although Iacocca was sarcastic about the power of the government, what about the post office (post office quotes)? Is the fine, dandy, and efficient post office we had back in the 1800s still apart of our world today? According to PSB.Org the Post office is on it’s way to complete deterioration (Lee).
Porter does not give any examples or statistics to support his claim. Porter concludes this article by presenting the thoughts of Professor Hart, a man who won the Nobel Prize in economic sciences. Hart is not completely against privatization, but he believes there are some industries that should be ran by the
The first post office in the United States was established in seventeen seventy-five, which makes it the oldest most reliable post service in history. It is a well know fact that in the beginning, this business was called the Pony Express, which began in eighteen sixty. Years later the US Post office has become the largest company that we rely on to deliver our mail. This mailing institution delivers more mail to a larger area than any other delivery service in the world. They are rendering assistance to more than one million people in North America. There are over six hundred thousand employees and in excess of thirty four thousand facilities nationwide. This institution thrives to provide customer service, available products, transport of products, and accessibility to all consumers. The United States Postal Service is a reliable, excellent, and efficient delivery service. They supply a wide variety of convenient products to help with any shipping needs consumers may have.
Canada is great economic superpower that has yet to reach its potential. As the second largest nation by area, we possess vast natural resources. We are a massive importer and exporter on the world stage, who a play a vital role in the stability of the northern hemisphere. Through Canada’s international trade, we export vast quantities of many different foods stuffs, minerals and manufactured goods like cars, while we tend to import lots of Iron, Aluminum and Steel. Our relations with neighbouring nations have been integral in the success of our trade. In 1994 Canada became a member of the North American Free Trade Agreement or NAFTA with the US and Mexico. NAFTA reorganized Canada’s and America’s trading systems to work as one. The trade issue of recent months is about the rising costs of energy in Canada and in the United States. Newly elected President George W. Bush now is proposing a North American energy initiative for a continental power grid. This proposal puts Canada in a very uncomfortable situation. On the one hand we would love to share our resources and appease our super-power to the south. But on the other we prefer to leave our pristine land alone. The growing trend nowadays is that politicians are the ones wanting to please the Americans by giving away our resources, while it is the activist who is concerned about the vast environmental damage this energy legislation could entail.
At one point or another, we have all held and opened a piece of mail. Whether it was a birthday card, a letter from a friend, or even a bill, we have all held a piece of paper that was sent from somewhere else. Even in the age of Facebook and email, it is likely that you have held a piece of mail and most likely, the way it got from point A (the person sending the mail) to point B (the person receiving the mail) was through the United States Postal Service, or the USPS. In the past decade, the postal service has experienced a decreased volume in their letter mail. In fact, for the postal service, the volume of this letter mail has been "falling at a rate not seen since the Great Depression" and it is believed to be because the "substitution [of snail mail] to Internet-based communications" (Geddes). The postal service has started to experience such a decline in funds that they now face the issue of staying afloat. The United States Postal Service has to dig their way out of rut in order to keep from going down into extinction. Peter Rorvig, a United States postal worker in Zirconia, North Carolina, talks some about the USPS's struggles and the involvement that Congress has with the USPS in his blog "More Normal than Not." This passage raised two outside questions, exactly what is the postal service trying to do to solve this decline in funds and how much is Congress actually involved with the USPS?
Besides that, in this competitive society, time is important to everyone. People are increasingly using the internet as a time-saving resource. People engage in numerous activities online, such as e-mail, planning trips, online banking and online research for their good purchases, all of which are easily completed online. FedEx can satisfy the consumer requirement of convenience with its sophisticated online service.
New technologies are allowing us to do things faster, easier, and more efficiently than ever before. Almost every new innovation in technology improves the speed and productivity of any task at hand. Electronic mail (E-mail) is possibly one of the greatest things to happen to the world. Despite this, there are people who find difficulties in using either E-mail or conventional mail. To help decide whether to use E-mail or the United States postal Service, a comparison of each one’s speed, ease of use, reliability, and cost is a helping factor.
The postal rule is applicable where the parties decide to communicate using the post. It states that a contract is binding as soon as the acceptor puts his acceptance into transmission. It should not remain within the confines of the acceptor. If the post is treated as an agent, then as soon as the acceptance is delivered to the post office, the contract is complete. According to section 4 of the Indian Contracts Act, 'The communication of an acceptance is complete, as against the proposer, when it is put in a course of transmission to him, so as to be out of the power of the acceptor; as against the acceptor, when it comes to the knowledge of the proposer.' The offeror will be bound as soon as the acceptance
In micro-economics market failure is characterized by resource misallocation and subsequent Pareto inefficiency. Just as the invisible hand falters, so is the case that the unregulated markets are incapable of solving all economic problems. In laissez-faire economy, market models mainly monopolistic, perfect competition and oligopoly are expected to efficiently allocate resources for the “welfare benefit” of the society. However individualistic and selfish private interests divert the public benefits thereby prompting government intervention to correct the imperfection which may lead to disastrous economic impact. Although corrective intervention policies by government may not necessarily address the underlying imperfection induced by private sector inefficiency, it still becomes a necessary remedy to benefit the wider public if private entities are not allocating efficiency. Furthermore, as the largest contributor of the Gross Domestic Product, poor and untimely corrective measures could signal the failure of both the private and public interests. Effectiveness of the policies and mechanisms designed by the state in market intervention are fundamental in correcting any perceived market failure. Intervention however does not guarantee effective remedies expected by the economy and could lead to deeper market failures if the regulations “crowd out” the private sector but is the viable approach to address market failure.