Amazing race refers to a reality TV show in which eleven teams with each having two people race world over while competing with each other. The two individuals in a team usually have a pre-existing relationship and their goal is to arrive at the Pit Stops first. For most people, racing across the world for a million dollar prize is not only fun but also worth the sacrifice. Maybe you have heard about this reality show but you do not know what exactly it is about. Just like any other reality show, amazing race has its official rules and regulations.
To win the prize, contestants must adhere to these rules and regulations. It is important to know these rules and regulations if you are interested in participating in this competition. The members of a team must be at least 21 years old and they must also attend the open auditions. Mental and physical health of each member of a team must be superb.
Every participant must consent to background checks that are conducted by the producers of the show. During the show, alcohol, stoves, open fires, weapons, heaters and tents are restricted. Participants are prohibited from carrying guidebooks, maps, and cell phones as well as other aid materials. While starting each leg during the race, teams are given money and credit card for purchasing tickets for the next destination. Participants must purchase the economy tickets.
Teams are also prohibited from contacting friends, acquaintances and family during the race. The race has other rules that participants are familiarized with before they start racing. Nevetheless, this show is thrilling with contestants touring different countries using varying modes of transport including helicopters, hot air balloons, bicycles, trucks, cars, taxicabs, trains, boats, buses and even by foot.
Teams are given clues that lead them to the next destination at the start of every leg of the show. Challenges faced by the contestants include cultural differences and other challenges in different countries. Progressive elimination of the teams is done during the race and the winning team is the one that arrives first among the final three.
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Bosnian War refers to an international conflict that involved armed combat that took place in Herzegovina and Bosnia. The war was fought between 6 th April 1992 and 14 th December 1995. Several factions were involved in the war but main belligerents were the Herzegovina and the Republic of Bosnia forces as well as the self-proclaimed Bosnia Croat and Bosnia Serb entities within Herzegovina and Bosnia, Herzeg-Bosnia and Republic Srpska led by Croatia and Serbia.
Yugoslavia breakup sparked the war. In 1991, Croatia and Slovenia secessions from Socialist Federal Republic of Yugoslavia took place. On 29 th February 1992, independence referendum was passed by the Socialist Republic of Bosnia and Herzegovina, Muslim Bosniaks, Orthodox Serbs and Catholic Croats.
However, the Bosnian Serbs political representatives rejected the referendum. They went ahead to boycott the referendum and eventually to establish a republic. Following the independence declaration of Herzegovinia and Bosnia that was recognized internationally, Bosnia Serbs with the support of Slobodan Milosevic, the Serbian government leader and the Yugoslav Peoples Army (JNA) tried to secure the Serbian territory.
This led to war in all parts of the country. Ethnic cleansing of the Croat and Muslim Bosniak population accompanied the war especially throughout the Srpska Republika and eastern Bosnia. Principally, the war was a territorial conflict between Serb forces that were organized in Army of the Republika Srpska (VRS) on one side and Army of the Republic of Bosnia and Herzegovina (ARBiH) on the other side.
ARBiH was largely made of the Croat forces and the Bosniaks who formed the Croatian Defense Council (HVO). Securing some parts of Herzegovinia and Bosnia as Croatian was also among the objectives of the Croats. Graz and Karadordevo agreements were signed by political leadership to allow them to partition Bosnia. Indiscriminate shelling and bitter fighting characterized the war. Mass rape and ethnic cleansing that was mostly done by the Serb was also witnessed during the war. Events like Srebrenica massacre and Siege of the Sarajeve became iconic to this war years after.
The Serbs lost momentum later despite being superior at the beginning due to large amount of resources and weapons offered by JNA. By creating the Herzegovinia and Bosnia federation in 1994, the Croats and Bosniaks allied to fight the Republika Srpska after the Washington Agreement.
In 1995, NATO intervened after the Markale and Srebrenica massacres. The operation was called Deliberate Force and it targeted some positions of Republika Srpska army. This operation was vital in bringing the war to an end. On 14 th December 1995, a peace agreement was signed in Paris. The final accord was signed in Dayton Ohio on 21 st December 1995 ending the war.
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There are many benefits of market oriented economy. A market oriented economy is a mixed economy that is highly dependent on the market to answer the major questions of resource allocation with modest involvement of the government. A market oriented economy is commonly known as capitalism and the phrase market oriented economy is mostly used to describe the economic structure of the market. A good example of a market oriented economy is the economy of the United States of America.
This economy is dependent predominantly on how efficiency a market is in terms of competitiveness in allocating resources. However, the government is slightly involved by bringing economic policies that address business cycles, market failures and other possible problems.
There are three main institutions in a market oriented economy. These are private property ownership where individuals own goods, resources and other assets. Individual freedom also prevails in the market. Individuals who own goods, resources and assets are free to use them as they please. Market is also competitive. In the market, commodities owned by individuals are exchanged and questions of resource allocation are also answered in a competitive market.
Basically, a market oriented economy functions on the basis of market forces. Demand and supply determine production and distribution. Market institutions depend on how market forces interact to distribute and allocate commodities. Market forces also determine price of the commodities.
According to experts, there are many benefits of a market oriented economy. One of the major benefits of this economy is freedom that buyers and producers have. A buyer is free to buy any commodity they please and in any amount. On the other hand, producers are free to supply any product they please and in any amount depending on how market forces are interacting. Producers have the freedom to undertake rewards and risks associated with increased production without the government interfering with how market forces function.
Perhaps, the major benefit of a market oriented economy is that market forces such as supply and demand determine price of commodities without oligopolistic or monopolistic influences. State does not intervene in determining what is produced and in what amount. Rather the state has limited role which is to ensure transparency in determining the prices charged for commodities.
In a perfect world, market oriented economy would lead to a situation of complete transparency. This is very important for optimum distribution of resources. However, this can happen only when supply equals demand and a unique price of each commodity.
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