Civil Disobedience, Henry David Thoreau Essay - 1160 Words

That government is best which governs least. Or is it? Should the American people be free to rebel against laws they consider unjust? Henry David Thoreau addresses these issues in his essay, Civil Disobedience. Thoreau wholeheartedly accepts the declaration that the government is best which governs least, and would like to see it acted upon. One day, he hopes, we will be able to carry it out to the point where men can have a government that does not govern at all. Government never of itself furthered any enterprise. He claims that the character of the American people, rather than the government, has kept the country free, settled the west and educated the people. If the government had not interfered, the people would have†¦show more content†¦Law, rather than making men more just, makes them agents of injustice - for example, soldiers fighting even though they believe it wrong. This turns the men into machines that should command no respect; yet we esteem them as good citize ns. This, he says, is not right. The writers of the Constitution chose to have majority rule be a major part of the government so that the government would immediately reflect the desires of the people and so that minorities with crazy ideas would not be able to take over. They believed that the majority would be the most right group of people in the nation; and that the majority would decide right by conscience. In addition, the United States government is not a government based on justice, it is a government based on law. Any government based on justice would involve someone examining each specific scenario and deciding what was just. The founding fathers wanted to avoid this kind of government, as it was based on the opinion of a few people, and if these people became corrupted, they could have unlimited power. The founding fathers chose instead to enact a system of laws to which everyone would be held - even the government leaders. If the majority of people are following the teachings of the Bible, then the righ t decided by the majority should be synonymous with the right decided by conscience; and this was the original intent of the founding fathers. Since the government we now live under is notShow MoreRelatedCivil Disobedience By Henry David Thoreau975 Words   |  4 Pages Henry David Thoreau was a very influential writer in the 1800s and still is today. Thoreau was one of America’s â€Å"greats† when it came to early American literature. Henry David Thoreau wrote one of the most influential essays entitled Civil Disobedience. This essay was Thoreau’s political statement, it outlined his views on non violent resistance. Civil Disobedience was written during the Mexican War. The Mexican War was a conflict between Mexico and America that was caused by a dispute over theRead MoreCivil Disobedience By Henry David Thoreau888 Words   |  4 Pageswhether or not Civil Disobedience is an appropriate weapon in a democracy, one must understand what Civil Disobedience is and how it was developed. The definition of civil disobedience is simple: the refusal to obey laws as a way of forcing the government to do or ch ange something. The man who developed the undertones of Civil Disobedience was Henry David Thoreau. Several key figures looked to his famous paper, The Duty of Civil Disobedience, for inspiration. In a Democracy, Civil Disobedience is not anRead MoreHenry David Thoreau And Civil Disobedience1455 Words   |  6 PagesHenry David Thoreau was an American philosopher known for his interest in politics; specifically raising awareness about the injustice committed by the American government. He’s the author of prominent works like Civil Disobedience and Slavery in Massachusetts, which set the setting for the United States at the time. Both of these works follow a common theme of perseverance through difficult times and the role of the self when choosing right from wrong. Thus, he was deeply engaged in the idea ofRead MoreCivil Disobedience By Henry David Thoreau969 Words   |  4 Pages Transcendentalism is an idea that expresses the individuality of a person and his differing beliefs from the current societal opinions. This idea had a few articles written about it such as â€Å"Civil Disobedience† by Henry David Thoreau which in summary states that if you don’t agree with the society’s opinion, you should form your own and fight for it. Another writing about it is â€Å"Self Reliance† by Ralph Waldo Emerson which also basically states that you should follow your heart and not conform toRead MoreHenry David Thoreau : Civil Disobedience933 Words   |  4 Pagesa quote from Henry David Thoreau from his well-known book called Civil Disobedience (Baym, Levine ,2012). His famous book was written after he was jailed for a night for refusing to pay a tax. However, the following day his relatives paid the tax without his knowledge and this inspired his book Civil Disobedience. Though Henry David Thoreau is also known for being a poet, practical philosopher and his two-year project at Walden pond near Concord, Massachusetts (â€Å"Henry David Thoreau,† 2014). His projectRead MoreCivil Disobedience by Henry David Thoreau1260 Words   |  6 PagesCivil Disobedience was written by Henry David Thoreau. The Letter From A Birmingham Jail was written by Martin Luther King Jr. They both had similarities and differences. There were injustices that were done wrong to each of them by others in the society in which they both lived. The injustices and civil disobedience they incurred should never happen to anyone. Henry David Thoreau spoke in an emotional tone in his essay â€Å"Civil Disobedience.† The emotional part of his essay of Civil DisobedienceRead MoreCivil Disobedience, By Henry David Thoreau1650 Words   |  7 Pagesweakness? In his 1849 essay â€Å"Civil Disobedience,† American writer Henry David Thoreau explained he had refused to pay his poll tax to the U.S. government for six years because he opposed the U.S. engaged in war with Mexico. This kind of â€Å"civil disobedience,† Thoreau (1849) said, is crucial because â€Å"a minority is powerless while it conforms to the majority; it is not even a minority then†. In fact, he said, â€Å"It costs me less in every sense to incur the penalty of disobedience to the State than it wouldRead MoreCivil Disobedience By Henry David Thoreau1384 Words   |  6 Pagesis also known as civil disobedience. Civil disobedience is the most efficient form of protest in a society. In all societies both modern day and past, there has been some sort of government. In history many of these governments have abused their power and have become too powerful. In these cases it was the right of the people to protest. All past societies have agreed the less power a government has the better. In an essay Civil Disobedience, written by Henry David Thoreau the text states â€Å"ThatRead MoreCivil Disobedience: Henry David Thoreau771 Words   |  4 PagesHenry David Thoreau (1817-1862) was a philosopher and writer who is well known for his criticism of the American government during the time. During Thoreau’s life, there were two major issues being debated in the United States: slavery and the Mexican-American War. Both issues greatly influenced his essay, as he actually practiced civil disobedience in his own life by refusing to pay taxes in protest of the Mexican War. He states that the government should be based on conscience and that citizensRead MoreHenry David Thoreau s Civil Disobedience933 Words   |  4 PagesIn Henry David Thoreau’s Civil Disobedience, he is writing to the American people. He is trying to spark a desire for change, for people to oppose their government without actions. He uses this work to criticize the American institution of slavery as well as the Mexican-American War. Thoreau is attempting to convey the importance of listening to one’s conscience over the laws, believing that it is more important to do what they feel is right rather than listen to the laws given by the majority. Thoreau

Sex Trafficking in the United States - Free Essay Example

Sample details Pages: 4 Words: 1272 Downloads: 1 Date added: 2018/12/15 Category Law Essay Type Argumentative essay Level High school Tags: Crime Essay Prostitution Essay Sex Trafficking Essay Did you like this example? Introduction Sex trafficking activity in America mainly occurs around the International travel hubs whereby; large number of immigrant gathers. It is an absurd story for the U.S Justice Department, giving estimates of individuals trafficked in the country annually rather; than solving the issue. Results show that young kids and teenagers are the core victims in sex trafficking whereby; they are always at risk every year. Don’t waste time! Our writers will create an original "Sex Trafficking in the United States" essay for you Create order Further, it is an obvious that the trafficking business especially on women has become one of the largest developing criminal businesses globally. According to the United Nations reports, over 3 million innocent souls are trades against their will, to work in form of servitude (Christensen, Erika Jude 56- 93). I tend to wonder whether the activity is legalized since, it happens each day in United States at alarming rates. Human beings are therefore sold for many different reasons which includes; sex exploitation as well as forced into pornography business. Does the sex trafficking commerce go unnoticed in America? It is a difficult question to answer considering that the criminal business takes place every single day. However, Alverez suggests that the law has struggled with the issue and, it has not been easy to solve since many cases goes unreported. She further writes in her article that people trafficked fears reporting since, they assumes that they are the criminals (Priscil la 1). I find the argument unreliable because, many victims are forced into the business thus; the law must act in protecting them rather than pointing figures on them. Yes, United States has the largest number of victims in sex trafficking business whereby, over 80 percent of both women and children are exploited every year (Higgins, Jeff Christopher 56-102). Body In my position, the government should take trafficking business serious, by prohibiting it as well as implicating punishment acts over such exploitations. The Human Right department seems to be more concerned with the statistics of individuals at risk annually rather; than putting more emphasis on solutions to eradicating it. However, many victims in the business are engaged to false pretense whereby; most of them are the immigrants Young girls come to the country due to political instability in their nation (Priscilla 1). Additionally, the U.S department is not doing enough in eliminating this act because, research indicates that it is the enticing destination globally, mostly for young poor girls from other countries. It is a higher responsibility for the federal government to take serious attention on sex commercial business, especially by saving young girls who are enticed into this activity by eagle men. Research shows apart from the kidnapping incidents, many individuals g ets in sex commercial business over desperation of poverty. Further, it is a federal role to act over poverty issues as well as education in various areas such as; Chicago, Dallas as well as New Yolk where the illegal business is easily practiced (Christensen, Erika Jude 41). I find it unfair for the harbor laws aimed at protecting minority, taking actions over blaming the victims especially adults thus; implicating fear on them by making them feel like criminals. However, it is obvious that many in the business are not in a position to seeking help from the authority because; recruiters make them feel as the criminals in the activity Victims of this criminal acts feels the shame of reporting the incident. Additionally, the criminal act goes unnoticed by the law since there are fewer reports as compared to statistics of trafficking annually (Priscilla 1). Sex trafficking thereby; becomes a powerful play where violation silences victims over their own life. Sex trafficking indust ry creates a new life for both girls as well as women whereby; it becomes difficult for them to escape. As the fastest growing form of commerce in United States, sex trade is unique as compared to drugs because victims are able to make higher profits for traffickers severally. However, they are highly exposed into adverse harsh conditions over their health that, possibly affects their physical, mental as well as emotional fitness. Further, I find the sex business as the major cause of higher increase rates of sexual transmitted disorders in the States which are known to be prevalent. With such results it is obvious that sex trafficking victims are tortured as well as abused thus, it should be an essential obligations for healthcare providers, to perform screening activities on young girls and women. Individuals health is an important aspect for the government in every nation thereby; despite the difficulties faced in finding solutions to ending sex trafficking, it is important in pr oviding public health care for both girls and women. Naha A Deshpandes article is right while implicating on how victims of sex business, are in critical situation of trauma as a result of mental as well as emotional abuse. Note that sex trafficking involves physical abuse thus; it is genuine for victims to suffer various injuries such as concussions. Despite the Senate holding Back-page site as the largest platform for sex trafficking advertisement in 2016, records from National Center for Missing Children indicated an increased number in the trafficking business (Nahe Nawal 1). However, it has not been easy in solving this issue whereby; the advanced social media such as Snap-chat, vine as well as Kik have become a better place for traffickers to lure desperate as well as determined ladies. According to the Atlantic journal, there was a confession over seventeen year old girl, who was tempted into the sex business via Face-book where she found it hard to escape, After high sch ool I connected with the gentleman who introduced me into the business. Despite the young girl having a better life with her family, she ended up ruined, toured and shameless (Priscilla 1). However, I would urge parent to protect their children through prayers as well as monitoring their every move; especially on their friends in social media. Conclusion In conclusion, I will answer the question yes, the Sex Trafficking activity have gone unnoticed in America, probably because victims are silenced thus; no reports over the incidents. However, it is difficult in identifying traffickers, despite the State order of their prosecution. The U.S Justice Department; giving estimates to individuals trafficked in the country annually rather; than solving the issue. Results show that young children and women are the core victims in sex trafficking whereby; they are always at risk every year. Further, the law must take serious action over the issue before it is too late, by promising victims full protection over pimps. Sex commercial is a multifaceted threat which requires an inclusive loom, which includes prosecution of the crime offenders as well as protection measures over the abducted individuals. Further, the U.S department is not doing enough in eradicating the act because, research indicates that it is the enticing destination globally, mostly for young poor girls from other countries (Nichols 35). It is a higher responsibility for the federal government to take serious attention on sex commercial business, especially by saving young girls who are enticed into this activity by eagle men. Work Cited Christensen, Erika E, and Jude M. Antonyappan.? Sex Trafficking Victims and Offenders in the United States: A Descriptive Study. , 2012. Print. Higgins, Jeff V, and Christopher M. Brady.? Child Sex Trafficking in the United States. Hauppauge, N.Y: Nova Science Publishers, 2012. Print. Nichols, Andrea J.? Sex Trafficking in the United States: Theory, Research, Policy, and Practice. , 2016. Print. Nahe A Deshpande, BA and Nawal M Nour, MD, MPH. Sex Trafficking of Women and Girls. Journalhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC3651545/ Priscilla Alvarez. When Sex Trafficking Goes Unnoticed in America. , Feb 2016 The Atlantica Journal. Print https://www.theatlantic.com/sex-trafficking-goes-unnoticed-in-america/470166/

Integration Paper Young Adults Essay - 2549 Words

Andrea Castro Bergstrom Psychology 230-900 24 November 2016 Integration Paper Young adults are faced with many challenges in their lives. Just like challenges, there are also different paths that can be chosen as a young adult matures. These paths lead them to their future friends, their future careers, and their future lives. As these young adults get older they may reflect on the choices they have made and see if they are satisfied with where their choices have lead them and where they stand in today’s world. They may also take with them into old age lessons they have learned and can help others learn from. Gilbert Smith is a friend of mine whom I have known for 5 years. He is 36 years old, married with one child, a daughter, and lives in Greeley Colorado. He was born in Indio California, a city located in Riverside County. He is the oldest sibling in his family. He has a younger brother and sister. Though he was born in Indio, he spent the first eight years of his life in Desert Hot Springs California, a much smaller city, also in t he County of Riverside. There, he resided with his mother, stepfather, and two siblings. His parents were not well off at all, and received government assistance for food and healthcare. His stepfather was physically abusive to him, his siblings, and his mother. This went on for several years before the abuse soon gained attention as his teachers noticed markings on his face when he arrived at school. Speaking up for himself and his family,Show MoreRelatedThe Get-Tough Effectiveness Of Juvenile Recidivism. The1037 Words   |  5 PagesThe Get-Tough Effectiveness of Juvenile Recidivism The reason for this research paper is to examine the history and the purpose the juvenile system. We will also examine the history and effectiveness of the Get- tough Law on juvenile recidivism, followed with the overall conclusion of the research. The Juvenile justice system has undergone many changes since its establishment in the 1890s. These changes were implemented by the desire to have a justice system which is sensitive and responsive toRead MoreUse of Prayer and Scripture in Coginitiv- Behavioral Therapy1247 Words   |  5 PagesUse of Prayer and Scripture in Cognitive-Behavioral Therapy Integration of Psychology and Theology Tamala Rivers February 16, 2012 Summary This article focuses on the use of prayer and scripture in cognitive-behavioral therapy (CBT). First you must focus on the biblical approach which you acknowledge Gods love and deal with past hurts in a proper manner. You also must focus on Gods Holy Spirit and his scriptures. As the therapist you should not be in self, you have to focus on your clientRead MoreSocial Integration Of Older Adults1432 Words   |  6 Pagesworld, the number of older adults increasing rapidly. How are their lives now? Some older adults feel happy, other older adults feel lonely, especially in China. Why they feel lonely? Lacking of social integration is one of the most important reasons. There are a lot of factors cause it, for example, feeling void after retirement, leaving their hometown, having a few friends, etc. And most of these reasons are related to life experiences. How it influences older adults? Now, scientists want to useRead MoreThe Impact Of Technology On The Technology Field1421 Words   |  6 PagesThe author of the article explains they retrieved the sourced information from Facebook Messenger s privacy policy page itself, and Android s privacy policy also. The constant integration of social media within our lives increases the amount we are forced to use these applications. Facebook Messenger now forces integration with the user s phone, if the user does not accept the Messenger application the user will not be able to access his/her messages on the social media platform. Facebook MessengerRead MoreClinical Community Health Workers ( Cchw ) Integration Into Clinical Workforce1024 Words   |  5 PagesClinical Community Health Workers (cCHW) Integration Into Clinical Workforce An external market research analysis can be defined as the process of scanning and evaluating an organization’s various external environmental sectors to determine positive and negative trends that could impact organizational performance (External, n.d.). The goal of external market research analysis is to explore any opportunities and threats existing in the environment. Opportunities are favorable to the conditionRead MoreDiabetes Is A Rising Epidemic Essay756 Words   |  4 PagesDiabetes is a rising epidemic that is largely due to the increasing rates of obesity, especially in young adults (Oram et al., 2016). Thus, it is becoming more difficult to discern between type 1 and type 2 diabetes in this population, which can lead to inappropriate treatment administration. Classification of diabetes subtypes is the first step in determining an individual’s course of treatment, thus accuracy is imperative. Many predictive and diagnostic tests exist for diabetes, includ ing fastingRead MoreSocial Media And The Negative Outcomes1531 Words   |  7 Pagesnegative outcomes it imposes on young adults. Some examples include increased anxiety, depression, loneliness, and worthlessness. These potential negative effects raise concerns about young adults’ increased usage of social media within the past decade. Lenhard, Purcell, and Smith (2010), assert in their journal the following: â€Å"93% of young adults between the ages of 18 and 29 go online; 72% of young adults use social networking websites; and one-third of all online young adults subscribe to Twitter† (pRead MoreUnethical Practices Of Marketers Towards Children And Their Childhood1436 Words   |  6 Pagescases it involves only manipulation and deception. This paper argues the unethical practices of marketers towards children and their childhood, which leads to impact there life negatively. The first section of this paper will examine the deceptive marketing techniques used by the marketers to influence children. This paper will then discuss why marketing to children is a social problem and how it has impacted their lives. Lastly, this paper will conclude a final discussion in regards to the solutionsRead MoreSafeguarding the Welfare of Children and Young People1406 Words   |  6 PagesUnit 02 – Safeguarding the welfare of children and young people 1. Using the headings provided, briefly describe the key points of each of the following guidelines and legislation. (1.1) and analyse how these guidelines affect the day to day work with young children (1.3) The Children act 1989 The aim of this act is to simplify the laws that are already in place, which protect children and young people in the UK. It was seen as a â€Å"serious shake up† of children’s rights and protection, and alsoRead MoreEssay about Autism Spectrum Disorder and the Theories of Vygotsky1423 Words   |  6 Pageslife-functioning for individuals on the autism spectrum. Models of support or interventions strategies have been researched but little, or limited practical or resourced models appeared as accessible for families of older youth. The intention of this research paper was to investigate a specific activity group for youth on the autism spectrum. The group runs concurrently with a parent group and is funded through a respite funding provision. The research identified three main themes that delineate the activity

Capital Budgeting Technique as a Decision Making Tool - Click Now

Question: Discuss about the Capital Budgeting Decision Making. Answer: Introduction Capital budgeting is a technique used for a business, which helps the corporation in the amount that to be invested in a portfolio. It is a methodology used by the corporate managers for better understanding of risk and return analysis of portfolio. This technique is used by managers for better investment of long term assets, as they are the only one which generate more cash value to the company in a long run. It is considered as a challenging task as it consists of investment decision and majorly funds of the company are blocked in the portfolio (Kersyte, 2012). Hence it has to be ensured by the management that the selected portfolio will generate cash flow in a long run. It provides a better focus on the company goals and objectives. However there are various methods which are used in capital budgeting that are internal rate of return (IRR), net present value (NPV), profitability index (PI), accounting rate of return, modified internal rate of return (MIRR), average accounting rate of return (ARR), payback period. All these methods are used in capital budgeting analysis, to make a match between actual results and expected results (Karanovic, Baresa Bogdan, 2010). To conduct risk analysis, capital budgeting lays some techniques which are hillers model, break even analysis, sensitivity analysis, simulation analysis, scenario analysis, and decision tree analysis. Following are some of the methods discussed. Sensitivity analysis It is the study which tells about that how much the level of uncertainty in the output can be distributed over the different inputs of the portfolio. It is also called as what if analysis. It is a technique used to define the extent to which the predicted performance is affected by the uncertainty in the assumptions of the portfolio. This analysis is called as what if analysis because it is used for comparative analysis in various projects and their risk and return analysis. There are two major benefits of sensitivity analysis. The first benefit is for the investor that is he/she would get a better vision that which project is more sensitive to the uncertainties. Hence it would be easier for him/her to conduct a comparative analysis and invest in a best portfolio matching with his goals. The second benefit to the investor is that his/her views would be clearer as to rely upon NPV decision or not. As sometimes NPV gives vague answers. However there are some critics also. The first critic is that only one estimate is taken at a time in sensitivity analysis. That is simultaneous changes of the factors are not considered. The second critic is that, no indication is given to the investor that how sensitive analysis should be done, that is its uses and its evaluation. In sensitive analysis each variable is treated as separate, it is when the different variables are related to each other. It can be better understood that if in a company variable costs, fixed costs, and investment costs are raised above the expectation simultaneously. In this case sensitivity analysis will only take one variable at a time. Hence by this it can be arrived at a solution that this analysis is done for better understanding of the effect of exogenous variables that is independent variables over endogenous variables that is dependent variables. Relationship between sensitivity analysis and capital budgeting Capital budgeting helps a corporation in deciding the amount that to be invested in a project and the desired returns for the respective project. Sensitivity analysis guides that one input variable can be changed at a time, and its effect on the output variables. It guides the management and investors that which project is a better return giving project (Hall Millard, 2010). As per Colin Drury, analysis in NPV is done on variables like investment costs, initial outlay, and its components like selling price, selling units, sales volume, interest rates and discount rates. The net present value method has various assumptions so to calculate about underlying sensitivity of a project, and the extent of that sensitivity. According to him sensitive analysis is done to calculate about sensitivity and responsiveness of net present value to the different uncertainties (Zhamoida, Matsiuk, 2011). Scenario analysis It is a technique which is adopted by corporate managers to get to know about that how the project outcomes will change under already known circumstances. In this analysis an expected value is determined for a given period of time. The expected value of the financial analysis results changes because of changes like time value of money, interest rates. When NPV is computed of different projects by an investor, it is considered as scenario analysis. As because of uncertainty, sometimes the financial result outcome may be completely unexpected even though there has been NPV analysis of different projects laid down (Kengatharan, 2016). To select the best portfolio both sensitive analysis and scenario analysis is done. The amount and the extent of uncertainty are answered by sensitive analysis. In sensitive analysis the outcome effectiveness is considered by keeping in mind certain variables. While in scenario analysis which financial result is most likely to happen is analyzed. In scenario analysis a number of variables which can be homogenous are considered, and how they influence the factors of financial results outcomes. In complex situation scenario analysis is suggested. According to this there can be two market condition weak market condition and strong market condition. In weak market condition, it is expected by the investor that unit sales would be less, and hence the unit cost would be also be less. While in case of strong market condition it is expected by the investor as sales would be increase and that would lead to increase in unit costs (Lunkes, Feliu, Fillil, Rosa, 2015). Relationship between scenario analysis and capital budgeting Scenario analysis provides a methodology in which evaluation of the variability is done in capital budgeting for example NPV. In this, base case scenarios are determined which are the estimated cash flows. According to base case scenario there can be two market conditions that are best market condition and worst market condition. NPV is determined under each market condition. This would enable the investor in getting an idea that in which NPV of the project would lie (Ryan Ryan, 2002). Capital asset pricing model (CAPM) In this model the expected return of equities are calculated in relation to a particular firm. Risk and return analysis are one of the most important factors to be considered before investing in any project or portfolio. It is usually said that the more return can be achieved if it is combined with more risk (Sharifzadeh, 2010). Hence it can be said that there is a positive relation between return and risk. But this differs as the investors perspective changes. Like in case of risk takers they like to bear more risk in return of getting more returns, while the risk avoiders avoid to take risk, as they want a fixed return on the project. Usually risk avoiders are the old man, or pensioners who want fixed return as to save money (Armitage, 2005). CAPM model is used by the investors and financiers so as to calculate the return to be required as to cover risk. However CAPM models lay some assumptions which are as follows: Unlimited funds can be borrowed by the investor that is there is no limit to the borrowing. However funds can be lent further at a risk free rate or zero rate of risk. Investors are assumed to be wealth maximizes that is an investor would select a portfolio based on the expected return and standard deviation. All the financial assets are fully divisible. All the investor lays homogeneous expectations regarding the same portfolio. No taxation charges are levied Transaction cost is not levied. Investors cannot influence the market prices. The financial assets quantities are given and are fixed. All the findings or information related are provided to the investor, however this practice cannot be adopted universally as some information are being hidden to maintain confidentiality. CAPM equation Here: Rf= risk free rate that is zero risk rate =beta coefficient Re= equity return E(Rm)= it is market premium, also called as expected return of market rate (Vijendra, 2016). However two elements are included in CAPM model, those are CML which is capital market line and SML which is security market line (Elton, Gruber, Brown Goetzmann, 2010). CML (capital market line) Information regarding CML was provided in doctoral dissertation of Harry Markowitz in 1950s. According to him a CML is a graph which is derived from CAPM model. If a line is drawn as tangent line, from the point of risk free assets to a feasible region of risky assets, it is called as CML. CML is used to determine the rate of return required for a given portfolio. The analysis of CML depends upon the rate of return and the risk rate involved in a particular portfolio. In CML the relationship between return and risk is defined, so that a portfolio can be managed effectively and risk to be matched with the return (Brigham Daves, 2014). In a market portfolio whenever the risk free assets are combined, they provides a higher return. The basic objective behind CML concept was to combine risk free assets and market portfolio. This model is highly preferred by the experts as risk free assets are considered in the portfolio. However Harry Markowitz in 1952s mentioned that the basic aim of an investor for a portfolio is to make a balance between securities so that greatest return could be achieved with an acceptable rate of risk. Here the concept comes of efficient frontier where the optimal portfolio lies. However in CML the relationship between risk and return of individual securities are not specified, as it would be calculated by SML. Here only those portfolios are considered in which risk cannot be diverted. However SML is used if there is any risk return relationship SML is suggested. In CML, risk investments are not used, as only efficient portfolios are considered. In SML there are two types of risk those are systematic risk and unsystematic risk. Systematic risk can be said in a portfolio if the risk contained in it cannot be diversified by diversification like political and legal factors. While in a portfolio unsystematic risk can be said, if the risk can be avoided by diversification (Brigham Ehrhardt, 2013). CML equation E(Rp) = xE(Ry)+(1-x)Rf Here: x= the percentage of risky assets which are invested in a portfolio (1-x)= the percentage of risk free assets which are invested in a portfolio E(Ry)= risk assets portfolios expected return Rf= risk free interest rate (Jones, 2016). Similarities in CAPM and CML The equilibrium relationship is established between portfolio co variances and its expected rate of return, called as security market line which is called as CAPM. There is a positive relationship between CAPM and CML, which is as the risk increases, the expectation of getting return would also increase. However both CAPM and CML are used in determining the portfolio, hence it can be said as a good tool for portfolio management and investment analysis (Giovanis, 2007). Difference in CML and CAPM CML does not only depict the efficient frontier, but also depicts the relationship of equilibrium between and expected rate of return E(r) in all the efficient portfolios. In CML only efficient portfolio are considered, whereas in CAPM both efficient and non efficient portfolios are considered. In CML standard deviation is calculated to measure the risk, while in CAPM beta coefficient is calculated to measure the risk which is also called as the measurement of systematic risk. CAPM is not considered as realistic because it assumes that a portfolio would be selected by an investor on the basis of risk and return analysis (Kurschner, 2008). Conclusion Capital budgeting is a considerable decision to be taken by the corporate managers in an organization. As the decision to be taken in capital budgeting would affect the other decisions too in a corporate like financing decision. Hence it is suggested that for getting a better return on the investment, an analysis of portfolio management need to be done on regular basis. Hence for effective management, other level managers should be included. It needs to be questioned by the managers before investing in a security about the criteria of the decision, information to be required, decision and execution burden. References Armitage,S. (2005) The cost of capital: Intermediate theory, Cambridge university press, United Kingdom Brigham,E,F Daves,P,R.(2014) Intermediate financial management, Cengage learning, United States Brigham,E,F Ehrhardt,M,C. (2013) Financial management: Theory practice, Cengage learning, United States Elton,E,J. Gruber,M,J. Brown,S,J Goetzmann,W,N.(2010) Modern portfolio theory and investment analysis, John wiley sons, Hoboken Giovanis,E. (2007) Application of capital asset pricing (CAPM) and arbitrage pricing theory (APT) models in Athens exchange stock market, GRIN ,Germany Hall,J Millard,S. (2010) Capital budgeting practices used by selected listed south Africans firms, SAJEMS NS 13, No1. Retrieved at https://www.scielo.org.za/pdf/sajems/v13n1/07.pdf Jones,C,P.(2016) Investments, Binder ready version: Analysis and management, John Wiley sons, Hoboken Karanovic,G. Baresa,S Bogdan,S. (2010) techniques for managing projects risk in capital budgeting process. UTMS journal of economics, Vol 1, No.2 Kengatharan,L.(2016) Capital budgeting theory and practice: A review and agenda for future research, Applied economics and finance, vol 3rd, No.2nd Kersyte,A. (2012) Investment risk analysis: theoretical aspects. Economics and management. 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