Benefits of Plastic Surgery - 1027 Words

In the past, changing a person’s physical appearance is just a dream for everyone; it would never be possible. However, with the fast technological developments all over the world, what used to be a common belief was defied and now surgeries are made available to everyone. Those who would want to fix something in their body would have little to no problem at all. Surgeries are often desired to make someone look and feel more beautiful but it can also be used for medical purposes. Some people may say that it is best to be contented with what was bestowed upon you but it is also not wrong to rely on technology to improve what was given to you. There are a lot of advantages of plastic surgery but mainly this type of surgery is used to†¦show more content†¦It is pretty much obvious that cosmetic surgery is indeed beneficial to everyone. It is made accessible to all kinds of people so anyone who would want certain body parts to be changed would have the freedom to do so. They should just be careful in choosing surgeons because not every surgeon in the world is competent enough to give them the look that they like. There are also surgeons who have committed surgery malpractices and the effects are not exactly good to people. Some effects could be permanent to choosing the right surgeon is really crucial. The best thing to do before the actual surgery is to research and ask recommendations from friends. They might know reliable surgeons that would only do your physical appearance good and not damage it further because of incompetence. You should also be ready with the money since this type of medical procedure is not c overed by insurance. You would have to pay for it yourself or get a loan specifically for this purpose. There are dependable banks that would give you loans without that big of an interest. Disadvantages of cosmetic surgery can only be counted in one finger and these are undoubtedly outnumbered by its numerous benefits. Natural beauty is indeed something to be proud of but it is never wrong to seek improvement especially with the aid of technology. You can learn more about the advantages of cosmetic surgery by reading books about it and having an in depth consultation withShow MoreRelatedIs Plastic Surgery And Its Benefits?1251 Words   |  6 PagesGoing Under the Knife (people against plastic surgery and its benefits to society) Sir J. Stephen once said â€Å"Every man has in himself a continent of undiscovered character. Happy is he who acts as the Columbus to his own soul.† To me, this means finding your inner desires and acting upon them or else living a life of regret and remorse. One desire that everyone tries to achieve is to improve their appearance. Many do this by modifying their body, like getting bigger breasts, reducing the fat contentRead More Risks and Benefits of Plastic Surgery Essay1940 Words   |  8 PagesRisks and Benefits of Plastic Surgery Plastic surgery is a growing entity which needs to be assessed more carefully. Messages within the media indirectly contribute to the rising rate of plastic surgery. Desires to meet the idealisms of media representations are often so consuming that people demand plastic surgery despite all of its associated risks and controversies. To compensate for this up and coming surgical trend, technology has developed more reasonable and attainable options forRead MoreHow Plastic Surgery Affects Society1551 Words   |  7 Pagescontroversial; plastic surgery has the capability to change lives of various individuals from diverse socioeconomic levels. Plastic surgery covers a broad spectrum of services which are included in reconstructive surgery, as well as, the popular aesthetic appeal of cosmetic surgery. Plastic surgery affects society both physically, psychologically, and emotionally. From Operation Smile to botox, accident victims to breast augmentation, and Little Baby Face Foundation to facelifts; plastic surgery can giveRead MoreThe Impact Of Hallyu On Korean Pla stic Surgery Industry1601 Words   |  7 Pagesto plastic surgery. Nevertheless, in this essay, I am not going to debate the controversial issues, instead I am going to discuss on how Hallyu has impacted the Korean plastic surgery industry and the advantages and disadvantages that it impinges on the industry. I will disintegrate this essay into three components. In the first section, I will disentangle the impacts of Hallyu on Korean plastic surgery industry. In the second section, I will focus on the benefits of Hallyu on plastic surgery industryRead MoreEffects Of Hallyu On Korean And Korean Wave1602 Words   |  7 Pagesrelated to plastic surgery. Nevertheless, in this essay, I am not going to debate on the controversial issues, instead I am going to discuss on how Hallyu has impacted the Korean plastic surgery industry and the advantages and disadvantages that it impinges on the industry. I will disintegrate this essay into three components. In the first section, I will disent angle the impacts of Hallyu on Korean plastic surgery industry. In the second section, I will focus on the benefits of Hallyu on plastic surgeryRead MorePlastic Surgery Debate992 Words   |  4 PagesGroup 1 Plastic Surgery I. Introduction Plastic Surgery, or Cosmetic Surgery, is surgery that is unnecessary from a medical perspective, but is carried out to improve appearance. Cosmetic surgery is initiated by an individual who wants to change the physical appearance of a feature. Although in many cases their physical appearance is normal, they may wish to change the size of their breasts or the shape of their nose. An individual may also use cosmetic surgery to change disfigured body partsRead MoreEssay on Plastic Surgery for Teenagers953 Words   |  4 PagesPlastic Surgery is a controversial topic nowadays. Some men and women believe that plastic surgery is a great chance to have finally the body, face, and even romantic life always dreamed about. In the U.S. the plastic surgery television shows have made these ideas more popular and common than ever. Some men and women have other reasons for want plastic surgery Such as people who want plastic surgery have disfigurements to the face or body because of birth defects or genetic problems. The rise inRead MoreAnalysis Of The Article Teens Under The Knife By Kaitlyn Ali And Tiffany Lam1351 Words   |  6 PagesIn the article entitled Teens Under the Knife written by Kaitlyn Ali and Tiffany Lam readers are informed on the possible risks that are exposed to teens who have cosmetic surgery. Ali and Lam state, There are many risks in plastic surgery, such as permanent numbness, infections, blood clots, and even death (par. 9). The developing bodies of teens are still changing which could lead to altering the effects or future displacement of the surgical procedure. The article states, Because teens Read MoreEssay about The Good, Bad, and the Ugly of Plastic Surgery548 Words   |  3 PagesPlastic surgery is more popular than ever. According to the British Association of Aesthetic Plastic Surgeons (BAAPS), 43,172 plastic surgery procedures in the UK were carried out in 2012. In general, individuals consider plastic surgery to improve physical featur es. However, before opting for something as drastic as plastic surgery, people should calculate the pros and cons of it to accurately assess the risks and benefits. Plastic surgery, when performed by an expert surgeon for the right reasonsRead MorePlastic Surgery Essay1296 Words   |  6 PagesWhen you hear the phrase â€Å"Plastic Surgery† what comes to mind? Maybe dangerous, and risky, or do you think about the scalpel and all the cutting and all the blood? I myself think about how it’s only for rich celebrities who have a couple extra hundreds of thousands of dollars to spend. We have a bad habit of overlooking all the good things that plastic surgery can achieve. From life altering surgeries and saving lives, by highly qualified surgeons, to giving people more confidence and getting rid

Vertical, Horizontal And E Commerce Businesses - 1549 Words

Vertical, Horizontal and E-Commerce Businesses Conducting business online using the internet has continued to experience significant growth over the last two decades. According to the Internet World Stats (2014) the number of worldwide internet users has grown from an estimated 16 million users in 1995 to 2.9 billion users in 2014. This world of interconnectivity has provided a way for people all around the world to communicate with one another in a real time format. The internet has removed the distance between governments, industries, businesses and individuals. This interconnectivity is helping to establish the foundation for a globalized community. Companies such as eBay and Amazon exploited the internet to support their business model of business-to-consumer (B2C) retail purchasing. E-commerce has proved to be a disruptive technology to traditional retail markets, such as Walmart. It also provided advantages to consumers with lower pricing, sales tax avoidance and convenie nce purchasing. Convenience purchasing is the ability to conduct business transactions using mobile technology from anywhere. E-commerce has become so effective that traditional bricks and mortar institutions, such as Walmart, have developed e-commerce capabilities to stay competitive. Walmart has adopted a bricks and clicks business model to help combat threats from Amazon and others. Bricks and clicks are defined as able to support online transactions while offering the convenience ofShow MoreRelatedHorizontal And Vertical Integration For A Profitable Business Model1251 Words   |  6 PagesHorizontal Vertical Integration to Compete Porter’s five forces provide a methodology to evaluate the external markets. Its consideration of substitutes, threats and power of buyer and supplier assists with the development of an integration strategy. 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Mag and Accelerometers to Calculate Robot Parameters

Question: Discuss about the Mag and Accelerometers to Calculate Robot Parameters. Answer: Literature Review of the Article In this article, the author has tried to analyse the importance and applications of IMU (Inertial Measurement Technology) from ergonomic to industrial, life sciences to biochemical and animation to reality. According to Langfelder et al. (2013), in medical field, instruments have greater significance to measure robotic and human angle including acceleration, torque and angular velocity. The major reasons to use this technology in every field are its ease of usability, light weight and smooth operation. In support to that, Lategahn et al. (2013) opined that Inertial Measurement Unit (IMU) is comprised of advanced tools such as accelerometers, gyroscopes and magnetometer which help to track translational and rotational movements. It is also found out that this IMU can measure both earth's magnetic field as well as the direction of gravity. Each of the components of IMU has been described in detailed and precise manner. This accelerator is categorised by two sensors one is mechanical an d other is solid state sensors. Oberlander (2016) showed that gyroscopes could measure angular displacement or velocity along a single sensitive axis. These gyroscopes also have different varieties such as silicon gyroscopes, vibratory gyroscopes, mechanical gyroscopes and others. In the last section of the article, magnetometer has been described which is used for two reasons, one is to measure the strength, and another is to measure magnetisation of the magnetic field. On the other hand, Lategahn et al. (2013) cited that the devices have proved to be efficient for calculating the different movements of both the human and robots including hip joints and wrists. In addition, extension and flexion of the elbow with relative movement can also be measured through these instruments. On a contrary Hoflinger et al. (2013) showed that it is not possible to calculate all the joint angles of shoulders due to its complex stability and mobility. Oberlander (2016) concluded that these instrumen ts are useful for the treatment of clinical disorders and medical diagnosis of the patients as it can measure complex angles between hip, wrist and shoulder joints. This article has also demonstrated various formulas and algorithms that can help to calculate robotically as well as human angles with these different sensors which help to find out acceleration, torque and angular velocity for smooth and reliable operations. Joint Angle Tracking with Inertial Sensors (El-Gohary 2013) Literature Review of the Article The paper concerns with the characterization of both normal and pathological human movement to develop tracking devices using inertial sensors. According to Kapoor, and Ohri (2013), kinematic models are combined for designing and controlling robotic arms using various state space methods for estimating different angles. More specifically, this technique can be applied to measure the angles of human elbow and shoulder by using wireless and wearable inertial measurement units (IMU). Akhter and Black (2015) showed the integration of the angular velocity for calculating the changes in the orientation of the robotic arms. In support to this, Gillett, Barrett, and Lichtwark (2013) showed, if the measured angular velocity contains even relatively minor error or drift, it can lead to large integration errors. The device essentially consists of triaxial accelerometers and triaxial magnetometers. Furthermore, the observation model demonstrates the measures obtained by the triaxial acceleromete r for the translational acceleration and the triaxial gyroscope for the angular rate. Kapoor, and Ohri (2013) showed that the applied algorithm generates large measurement equations and application of the arm kinematic model parameters to the Newton-Euler equations. However, the paper additionally includes a comparison and contrast between the true robot joint angles and their estimate using the inertial tracker with the modified kinematic equations. According to Akhter and Black (2015) accelerometers, gyroscopes and the electronic sensors are corrupted by random noise. On the other hand, a fusion of magnetometers with the inertial sensors is useful in demonstrating enhanced performance when the magnetic field disturbances are absent. (El-Gohary 2013) has utilised the unscented Kalman filter with the modified system equations for estimating human elbow, shoulder and wrist joint angles from a robot arm. The extended Kalman filter has been used to approximate the nonlinear process and measurement operations by Taylor series expansion method. Hence, the IMU sensors offer a low cost and practical alternative to motion capture systems. The state space framework enables an efficient calculation of the angular velocity. (El-Gohary 2013) showed in this support that the system performance is tracked and monitored by comparing the joint angles that are estimated by the inertial tracker with the ones that are typically estimated by an optical tracking reference system. Therefore, the paper reviews the algorithm that combines kinematic models for controlling robotic movements and estimation of human joint angles. References El-Gohary, M., 2013. Joint Angle Tracking with Inertial Sensors. [online] https://pdxscholar.library.pdx.edu/. Available at: https://pdxscholar.library.pdx.edu/cgi/viewcontent.cgi?article=1660context=open_access_etds [Accessed 11 Aug. 2013]. Hoflinger, F., Mller, J., Zhang, R., Reindl, L.M. and Burgard, W., 2013. A wireless micro inertial measurement unit (IMU). IEEE Transactions on Instrumentation and Measurement, 62(9), pp.2583-2595. Langfelder, G., Buffa, C., Frangi, A., Tocchio, A., Lasalandra, E. and Longoni, A., 2013. Z-axis magnetometers for MEMS inertial measurement units using an industrial process. IEEE Transactions on Industrial Electronics, 60(9), pp.3983-3990. Lategahn, H., Schreiber, M., Ziegler, J. and Stiller, C., 2013, June. Urban localization with camera and inertial measurement unit. In Intelligent Vehicles Symposium (IV), 2013 IEEE (pp. 719-724). IEEE. Oberlander, K., 2016. Inertial Measurement Unit (IMU) Technology. [online] https://www.noraxon.com/. Available at: https://www.noraxon.com/wp-content/uploads/2015/09/IMU-Tech-Report.pdf [Accessed 11 Aug. 2015].

Unemployment in UK

Introduction Background Unemployment is an economic indicator which depicts the ratio of individuals in an economy who have the will and capability of working but cannot secure a job (Trading Economics, 2010, para. 4). In determining the rate of unemployment, individuals who do not have the will or capability of working are not considered.Advertising We will write a custom essay sample on Unemployment in UK specifically for you for only $16.05 $11/page Learn More According to Holmes (2010, para. 1), high rates of unemployment indicate that a particular economy is struggling. This means that such an economy is characterized by a high supply of labor compared to demand. In addition, high rate of employment also indicates that a given economy is not utilizing its economic resources optimally. According to Office of National Statistics (2004, para. 4), unemployment is associated with a number of social costs. For example, if such individuals have families, s uch families may experience challenges. In addition, unemployment results into a sense of failure, rejection and boredom amongst the affected individuals. This can lead into worse social consequences such as deterioration of health, suicide and crime. Economists have classified the causes of unemployment into various categories (Trading Economics, 2010, para. 4). Some of these include frictional, structural, seasonal and cyclical unemployment. Frictional unemployment results from people moving from one job to another. This is mainly common amongst new entrants who leave one job to another in search of better wage rates. On the other hand, structural unemployment arises from capital-labor substitution such as mismatch between the individual’s skills and requirements of the job. Globalization is one of the major causes of structural unemployment. This arises from the fact that individuals have are required to have skills which match with changes in the technology and product de mand (Trading Economics, 2010, para. 4). Seasonal unemployment arises from seasonal characteristics of various jobs such as the farming and construction industry. On the other hand, cyclical unemployment arises from economic movements. For example, during recession, there is a tendency of the rate of unemployment increasing. This arises from a decline in demand forcing a large number of firm’s to close down or to implement downsizing strategies (Berentsen, Menzio Wright, 2008, para. 3). As one of the countries in Europe, the United Kingdom economy has experienced unemployment. However, the rates of unemployment have been varying from one year to another.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Objectives The essay is aimed at attaining a number of objectives as outlined bellow. To evaluate the history of unemployment in UK. To analyze why unemployment is set to rise in the UK To illustrate the true level of unemployment in UK To evaluate how technology affects unemployment in UK To analyze how inflation affects UK unemployment To evaluate how unemployment affects UK economy Brief history of Unemployment in UK According to Pissarides (2003, p.1), UK has been successful despite the existence of unemployment. During 1950s and 1960s, UK had a relatively low rate of unemployment which averaged 3%. The main reason behind the low rate was the postwar boom. In addition, the country took advantage of technological boom. In addition, the country benefited from stable international relationship which improved international trade. However, occurrence of energy crisis during 1970s resulted into stagflation. During this period, the increase in oil prices led into a rise in unemployment. The high rate of unemployment persisted to be relatively high until 1980s when it became worse after the occurrence of the manufacturing recession (Office of National Statistics, 2 004, para. 4). From 1981 to 1986, approximately 3 million people were unemployed. The rise in unemployment resulted from rise high interest rates and strict monetarist policies (O’Grady, 2009, para. 2). The occurrence of the economic boom led into a decline in the number of unemployed individuals to 1.6 million by 1989. The high rate of unemployment persisted to 1991 when the country experienced another recession. During this period, the economy was characterized by high rate of structural unemployment due to changes in work environment in various sectors. Over the past two decades, there has been a reduction in the rate of unemployment. For example, during the period ranging from 1993 to 2002, the rate of unemployment reduced from 10.3% to 5.1%. The reduction in unemployment resulted from creation of employment opportunities. The population of individuals employed increased from 70.4% in 1993 to 74.7% in 2001(Office of National Statistics, 2004, para. 4). The rate of unemplo yment continued to decline further to 4.8% in 2004. The reduction in unemployment is associated with the fact that the country experienced economic growth for a considerable duration of time. However, in 2005, there was an increment in the rate of unemployment. For example, by February 2006, the rate of unemployment was 5.2%. This increased further to 7.8% in October 2009. In August 2010, the rate stood at 7.7 %( Office of National Statistics, 2004, para. 4). Reasons why unemployment is set to rise in UK There are a number of reasons why unemployment in UK is set to rise in the future. Some of these reasons are explained below.Advertising We will write a custom essay sample on Unemployment in UK specifically for you for only $16.05 $11/page Learn More Contraction of credit The UK economy has been affected by the economic crisis which began in the US. This arises from the high rate of globalization. The UK financial institutions were negatively affected. As a result, banks became reluctant to advance finance to investors inform of loans (Kollewe Seager, 2008, para. 6). One of the ways through which they implemented this was by increasing the rate of interest applicable to loans (O’Grady, 2009, para. 2). In addition, financial institutions such as banks increased their reserve ration. This led into a decline in the amount of credit available to be issued as loan. This negatively affected the rate of investment in the country. As a result of credit contraction, there was a reduction in consumer spending. The resultant effect was a decline in the country’s rate of economic growth. Firms which had undertaken huge investment projects had to delay their investments until the lending rates declined (Kollewe Seager, 2008, para. 4). Certain economic sectors in UK have been have been adversely affected by the financial crisis. Some of these sectors include the real estate and construction industry. In addition, the global eco nomic downturn led into a decline in the volume of international trade conducted between UK and other trade partners. Government budget According to Thompson and Billington (2010), UK has experienced a rise in the number of individuals claiming unemployment benefits. The UK government has formulated a policy aimed at reducing its public spending. According to Elliot (2010, para. 3), reduction in government spending will culminate into a loss of 1.3 million jobs within the next five year. This will further increase the number of individuals under the unemployment benefits scheme. Reduction in public spending is aimed at bridging the gap in government’s budget deficit. During the period ranging from 2009 to 2010, UK had a relatively high budget deficit which amounted to approximately 160 billion pounds (Walayat, 2010, para. 4). Reduction in government spending will affect both the private and the public sector over the next 5 years. For example, there will be a reduction in the number of contracts issued to private firms. This means that the operation of private firms will be negatively affected. In an effort to minimize their operation costs, these firms will consider laying-off some of their workforce. According to Elliot (2010), reduction in government spending will decline the country’s rate of economic recovery. It is estimated that spending cut will lead into an increment of unemployment rate to 2.95 million by 2012. In an effort to bridge the deficit, the government also expects to increase its tax revenue with a margin of 113 billion pounds per year by 2015. This will culminate into an additional 700, 000 job loss within the private sector. The rise in unemployment will arise from a reduction in the number of private investors willing to invest in UK (Walayat, 2010, para. 6).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More True level of unemployment in UK The rate of unemployment in UK from 1971 to 2010 averaged 7.22%. However, the trend has changed. The total number of unemployed individuals aged between 16 and 64 years during the last quarter increased by a margin of 0.3% to settle at 70.8%. On the other hand, there was an increase in the number of individuals aged between 16 years who were employed with a margin of 167,000 to settle at 29.19 million. On average there have been an increase total number of people employed during 2010. However, the current rate of employment in 2010 is less with 210,000 compared to the previous year. According to the latest reports, the rate of unemployment in UK for the last quarter of 2010 was 7.7%. The total number of unemployed individuals reduced with a margin of 9,000 during the last quarter to settle at 2.45 million. It is estimated that the total number of unemployed males in 2010 were 1.43 million while the women were 1.02 million. From September 2010, there was a reduction in the number of individuals under the unemployment scheme. How does technology affect UK unemployment? Technological growth can stimulate a country’s rate of economic growth. The resultant effect is an improvement in the citizen’s living standards. According to Lane (n.d), technological advancement results into economic growth in the long term. However, in the short term, technological advancement can lead into a rise in unemployment. As a result of technological advancement, various firms are incorporating emerging technologies an effort to develop their competitive advantage. Technological advancement requires employees to improve their skills in order to execute the existing jobs. In addition, new jobs emerging are requiring individuals to be having relevant skills. According to Lane (n.d), manufacturing firms are increasingly demanding skilled employment. The resultant effect is widening the gap between those who have relevant skills and those who do not have the skills (Georgiou, 2003, p. 5). According to Atkinson (2010), the rise in the rate of unemployment in UK is associated with the growth in technology. Atkinson (2010) asserts that incorporation of machines in working environment has resulted into a large number of employees being displaced from their jobs. In an effort to improve service delivery, the government is incorporating the concept of e-government. This has led into an increase in the number of individuals being displaced. How inflation affects UK unemployment There is a strong correlation between inflation and unemployment (Berentsen, Menzio Wright, 2008, p. 1). However, the relationship is indirect. However, it is believed that an increase in the rate of unemployment is accompanied by a reduction in the rate of inflation. Increase in the rate of unemployment makes it challenging for employees to negotiate for wage increment. This arises from the high supply of labor within the labor market. A large number o f individuals are willing to work for the same wage rate. This means that unemployment is reduced by wage inflation. When the rate of inflation is high, prices of commodities remain to be high. In addition, reduction in wage inflation tends to reduced cost push and demand pull inflations (Berentsen, Menzio Wright, 2008, p. 1). The resultant effect is a reduction in consumer spending. This means that firm’s tend to reduce their rate of production. One of the ways through which they attain this is by implementing downsizing strategy leading to an increment in the number of employees who lose their jobs hence the increase in the level of unemployment. Over The past decade, UK has witnessed an increment in the rate of inflation. However, the rate of inflation has remained to be relatively low. By December 2003, the country’s rate of inflation was 1.3%. However, there has been a steady increase in the rate of inflation. By October 2010, the rate of inflation was 3.1% (Pric e, 2010, para. 4). This explains the reason why UK is experiencing a high rate of inflation. As a result of the high rate of inflation, UK is experiencing a decline in the rate of economic output. The country’s rate of unemployment is also associated by rise oil prices. How unemployment affects UK economy The high rate of unemployment in UK has negatively affected the country’s economy (Liberal Democrats, 2010, para. 1). For example, the rise in the rate of unemployment has strained the country’s benefit scheme. This means that an increment in the amount of funds is required to cater for the scheme. In addition, increase in unemployment leads to a reduction in a countries taxable income. One of the main sources of revenue which UK intends to utilize in an effort to bridge its budget deficit is taxes. This may be challenging to the government considering the fact that unemployment reduces the taxable income. This arises from the fact that only a small proportion of the entire proportion remains to be taxable. Unemployment has resulted into a decline in the UK rate of economy growth (Liberal Democrats, 2010, para. 1). Consumption is one of the main ways through which a countries economy is stimulated. Rise in unemployment leads to a reduction in consumer spending. Through consumption a country is able to increase its taxable income. In addition, spending on luxuries has reduced. Consumers are only considering purchasing necessities. This has led firms to consider implementing cost cutting strategies. The resultant effect is a rise job loss and hence unemployment. Conclusion Unemployment has a negative effect in the country’s economic growth. From the analysis, there are various factors which lead a country to experience changes in the rate of unemployment. Some of these causes relate to changes in the labor market such as the skills required to execute a certain task. However, countries should try to keep their rate of unemployment lo w. The resultant effect is that the country will be able to exploit all its resource. Over the past years, UK’s economic performance has been superior. This is evident from the fact that the country has managed to keep its unemployment rate being relatively low. However, the rate of unemployment has been fluctuating over the years. During the period ranging from 1993 to 2002; the country experienced a low rate of unemployment. This trend did not persist for long. From 2005 to 2010, UK has experienced an increment in the rate of unemployment. It is forecasted that the rate will increase in the future. Some of the causes of the increment include the government’s plan to cut its public spending so as to bridge the budget deficit. In addition, the rate is set to increase due to contraction in credit as a result of the current financial crisis. Financial institutions are increasing their lending rates. The resultant effect is a reduction in the volume of investment. This wi ll culminate into reduction in the number of new jobs created. Due technological innovation, both the private and public sectors are incorporating the emerging technologies in their operation. The resultant effect is that the new technology is replacing jobs hence increasing unemployment. From 2003, UK has witnessed a low rate of inflation. However, the rate has been on an upward trend. Inflation has affected demand for products and services. Consumers are considering purchasing necessities compared to luxuries. Reduction in consumer demand has led firms to consider reducing the rate of their production. In addition, firms are downsizing in an effort to minimize their cost of operation. As a result of unemployment, UK’s rate of economic growth has been reduced. Reference List Atkinson, P., 2010. Technology making it worse. Web. Available at: http://www.ourcivilisation.com/signs/chap7.htm . Berentsen, A., Menzio, G. Wright, R., 2008. Inflation and unemployment in the long   run. Cambridge: NBER Programs. Elliot, L., 2010. Budget will cost 1.3 million jobs-Treasuries. Web. Available at: http://www.guardian.co.uk/uk/2010/jun/29/budget-job-losses-unemployment-austerity . Georgiou, M. 2003. Does technology cause unemployment? Thessaly, Greece: Stirling University. Holmes, P., 2010. Is UK unemployment really 26.7%. Web. Available at: http://firstrung.co.uk/articles.asp?pageid=NEWSarticlekey=12155cat=44-0-0 . Kollewe, J. Seager, A., 2008. Sharp rise in unemployment as financial crisis hits jobs  market. London: The Guardian. Lane, C., n.d. Analysis of the causes of unemployment. Web. Available at: http://www.maths.tcd.ie/local/JUNK/econrev/ser/html/unemp.html . Liberal Democrats. 2010. Unemployment increase underlines fragility of UK economy  says Cable. London: Liberal Democrats. Office for National Statistics. 2010. Employment. Web. Available at: http://www.politics.co.uk/briefings-guides/issue-briefs/employment/unemployment-$366619.htm . O’Gra dy, S., 2009. Unemployment fears increases pressure on bank for rate cut. Web. Available at: http://www.independent.co.uk/news/business/news/unemployment-fears-increase-pressure-on-bank-for-rate-cut-1230065.html . Pissarides, C., 2003. Unemployment in Britain: a European success story. Oxford: Oxford Press. Price, A., 2010. Unemployment in UK. Web. Available at: http://www.hrmguide.co.uk/jobmarket/unemployment.htm . Thompson, A. Billington, I., 2010. UK unemployment set to rise. New York: The Wall Street Journal. Trading Economics. 2010. United Kingdom unemployment rate. Web. Available at: http://www.tradingeconomics.com/Economics/Unemployment-rate.aspx?Symbol=GBP . Walayat, N., 2010. UK unemployment forecast 2010 to 2015. London: The Market Oracle. This essay on Unemployment in UK was written and submitted by user Elite to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. 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