The Great Gatsby by F. Scott Fitzgerald - 644 Words

â€Å"Daisy, Daisy, Daisy!† It is all Gatsby thinks about, doesn’t it get annoying? No, suck it up because the next 787 words are all about Daisy and her association with symbols, her use of symbols, and herself as a symbol. How’s that possible, she’s 100% human in The Great Gatsby, by F. Scott Fitzgerald? Don’t worry, the vacuous space upstairs will soon be filled. So, let’s dive in, like a dead â€Å"Gatsby† in a pool. Daisy and her association with symbols is... pointless to the structure of this essay. Nope, wrong again. Daisy is a centerpoint in The Great Gatsby, and the symbols she is seen with help prove the corpulent mass she holds giving her such impressive gravity. The first symbol that Daisy is seen with, or in rather, is the color white [representing false purity]. â€Å"She dressed in white, and had a little white roadster, and all day long the telephone rang in her house.† (Jordan Baker p75). This quotation shows how Daisy, even as a young girl, was surrounded by false purity, it can lead one to think that she was devious and mean from the very start. The next symbol is the green light at the end of the dock. Daisy seems surprised when Gatsby points out the disappearance of the green light; It is almost as if Daisy knows what the light represents and she is surprised that Gatsby no longer longs for her like he did before their meeting. The next symbol is a hat. â€Å"Daisy†™s face, tipped sideways beneath a three cornered lavender hat.† (Nick p122). Hats are used to cover onesShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words   |  6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faà §ade, however, was an author who struggled with domestic and physical difficulties that plagued his personal life and career throughout its short span. This author helped to launch the theme that is so prevalent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words   |  6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words   |  5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920’s. Also known as the â€Å"roaring twenties†, it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words   |  5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words   |  3 PagesIn F. Scott Fitzgerald’s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. Gatsby’s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words   |  4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words   |  9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, â€Å"In my new novel I’m thrown directly on purely creative work† (F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words   |  7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay Gatsby’s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words   |  7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words   |  7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott Fitzgerald’s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in Fitzgerald’s eyes, the new Am erican culture build around that

Porter s Four Corner Analysis - 1479 Words

Porter’s Four Corner Analysis of T- Mobile Bryan Strong Professor Robinson BUS 520.91 Competitive Intelligence December 13th, 2014 Analysis Summary A competitor analysis supplies businesses with a strategic advantage when studying target market competitors. This analysis provides marketing tactics, organizational structure, past and potential future strengths and weaknesses of current competitors in the targeted market. This competitor analysis will focus on T-Mobile as it makes strong strides to becoming a ‘game changer’ within the wireless telecommunication market. As a current employee of ATT, it is critical to recognize and increase the knowledge of ATT’s biggest competitor, T- Mobile. Furthermore it is imperative†¦show more content†¦Drivers of Motivation Drivers of motivation assist in accurately predicating a competitor’s action by further understanding their goals and current attainment to their goals. A large gap between the two potentially indicates that the competitor is prepared to address external threats that are introduced. On the other hand, a narrow gap e nsures the competitor will produce a protective strategy. The main priority is discovering what drives the competitor. Gaining a large customer base, which equates to substantial profit margins, drives T-Mobile. Furthermore, they are also driven by the need to succeed and to imitate the other four major carriers in the industry. The motivation to have more customers with increased profit margins ultimately drives the competitor into wanting to work harder. As of right now, T-Mobile currently is the fourth largest telecommunication company who owns 12.2% of the United States market share (â€Å"IBIS World†, 2014). Management Motivation and Assumptions Managerial motivations and assumptions address the perceptions the competitor has towards their own organization and how to shape the strategy to the current industry views. This component determines the competitor’s awareness of its strengths, weaknesses, organizations culture, and impressions regarding competitor’s goals. When the competitor predicts highly of its competition they will identify a plan to confidently counteract anyShow MoreRelated Character and Setting Analysis of Bride Comes to Yellow Sky Essay729 Words   |  3 PagesCharacter and Setting Analysis of Bride Comes to Yellow Sky Setting and characters go hand in hand in The Bride Comes to Yellow Sky. With Each new setting there is at least one new character development. A new setting in each part of the story makes for diverse settings and characters. From a train leaving San Antonio to around the corner in a small town in Texas, a drunken gunslinger to negro waiters, this story has it all. This story begins on a train specifically in a parlor car. ThisRead MorePorter s Models And Business Ventures Within Our Mgmt 4900 Class1836 Words   |  8 PagesBack in the 1980’s, Michael Porter created the concept of his Five Forces and Competitive Triangle. These five forces are used as a tool to measure the level of competition in an industry, as well as the overall profitability and attractiveness of the industry. The triangle takes into account the importance of product leadership, operational excellence and customer intimacy, which we will discuss later. This year we used Porter’s five forces and competitive triangle to analyze different businessRead MoreCarefour Missadventure in Russia Essay4589 Words   |  19 Pages2010 alliance with India s future Group 2010 acquisition of 51% of Hebei Baolongcang Chinese operator Source: Data Monitor 26 July 2010 The company started its business in France and adopted the organic growth strategy as the market was not sa turated at that time and company was also not so much financially strong. The company used its assets and sales to develop its position in market and after two years company was in a position to move in international market. Carrefour s adopted the organic growthRead MoreStrategic Management, Its Phases and Useful Concepts for the Formulation and Implementation of Value-Oriented Corporate Level Strategy6710 Words   |  27 Pages6 3.2 Strategic Environment Analysis 7 3.2.1 External Environment 8 3.2.2 Internal Environment 10 3.3 Strategy Formulation 11 3.4 Strategy Implementation 16 4 Summary 18 Appendix 19 A.1 External Environment 19 A.2 PESTLE-Analysis 19 A.3 Porter’s Five Forces 20 A.4 Porter’s four corners analysis 21 A.5 Porter’s Value Chain 22 A.6 SWOT Analysis 22 A.7 BCG- Portfolio 23 A.8 McKinsey Co. Portfolio 24 A.9 McKinsey 7-S Model 24 References 25 Read MoreStrategic Analysis Tools3971 Words   |  16 PagesTopic Gateway Series Strategic Analysis Tools Strategic Analysis Tools Topic Gateway Series No. 34 Prepared by Jim Downey and Technical Information Service 1 October 2007 Topic Gateway Series Strategic Analysis Tools About Topic Gateways Topic Gateways are intended as a refresher or introduction to topics of interest to CIMA members. They include a basic definition, a brief overview and a fuller explanation of practical application. Finally they signpost some further resourcesRead MoreByd, Porter Diamond6969 Words   |  28 Pagesstrategy exploiting national advantages – building together a strong diamond. 2. The Competitive Development of China The competitive development of national economies proceeds, according to Porter (Porter, 1990), in four consecutive steps. figure 1: stages of country development and the positioning of china (porter, 1990) CIAM Working Paper 1 According to the Global Competitiveness Report, China is currently ranked as a country in the investment-driven stage, which is also named â€Å"efficiency-drivenRead MoreAdidas : Adidas Current Official Logo1887 Words   |  8 Pagesproduct units every year and generate sales of â‚ ¬ 14.5 billion (all figures relate to 2013). Besides sports footwear, Adidas also produces other products such as bags, shirts, watches, eyewear, and other sports- and clothing-related goods. The company s clothing and shoe designs typically feature three parallel bars, and the same motif is incorporated into Adidas’ current official logo. One of the main focuses of Adidas is football kit and associated equipment. 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Standards Performance Of Emerging Markets -Myassignmenthelp.Com

Question: Discuss About The Standards Performance Of Emerging Markets? Answer: Introducation Intangible assets and goodwill of Bradken limited having indefinite useful life are tested for impairment on annual basis as indicated by any event or by change in circumstances. S0ome other assets are assessed for the impairment when it is indicted that recoverable amount will be exceeding its carrying amount. Impairment of other financial assets are done when there is objective evidence of occurrence of one more events. For the purpose of impairment testing, allocation of goodwill is done to cash generating unit. Impairment value of goodwill and other intangible assets for the financial year 2016 and 2015 stood at $ 64103 million and $ 167182 million. Total amount of impairment that was recorded on intangibles and goodwill is recorded at $ 64.1 million. Moreover, impairment of investment has also been done during financial year 2016 for Austin engineering limited. Total amount of investment impairment for the year 2016 stood at $ 128182. Amount recorded in impairment of available f or sale financial assets for 2016 is recorded at $ 6593 (Bradken.com 2018). Impairment testing is conducted by Bradken limited for intangibles along with goodwill by the identification of same that are acquired in business combination based on the estimates of management about net present value of estimated future cash flows of assets. It also takes into consideration the combinations of independent valuations in some cases. Computation of value in use forms the basis of determination of recoverable amount of cash generating units. Impairment testing of organization is done by the estimates and all the calculations relating to impairment require the use of assumptions. Management of the group prepare financial forecast for projecting financial cash flows for a period of five years. Extrapolation of cash flows beyond the five-year period using perpetual growth rate (Bradken.com 2018). Yes, Bradken limited has recorded impairment expenses during the year 2016. Impairment expense s relating to goodwill is recorded at $ 29039 million and 45503 for the financial year 2016 and 2015 respectively. During the period 2016, impairment expense attributable to mining and transport is recorded at $ 108 million, for the engineering product segments, value stood at $ 50.8 million and for the mineral processing segment, impairment expenses is recorded at $ 4.4 million. Moreover, impairment expense against license and customer list was recorded at $ 2.3 million and $ 12.8 million respectively ((Bradken.com 2018). Bradken limited calculates the value in use by making assumptions regarding discount rates, sales margin and growth rates and all such assumptions have been determined by management based on expectation of future and past performance. For discounting the forecasted cash flows, a post tax discount rate has been applied by management. Assumptions about growth rates are made by recognizing the competitive pressures and volatility of current economic climate. Assumptions and estimates made by group is done concerning then future and this carry a significant risks that causes material adjustments in the carrying value of liabilities and assets. Impairment of cash generating unit would come with changes in long-term growth rate and this is done by making comparison with the goodwill-carrying amount (Bradken.com 2018). Bradken limited has adopted AASB 136 and it has been ascertained from the analysis of annual report that such standard did not bring any considerable change in financial results and the disclosures of balance sheets. In the impairment testing procedures, it is required to incorporate considerable subjectivity as per IASB 136. Manager of the group is provided with the opportunity to perform impairment testing at their discretion if there exist higher degree of subjectivity. Moreover, it would be difficult for investors to obtain accurate and proper information regarding the impairment of respective assets if the impairment testing methodology incorporates exercising subjectivity. Evaluation of annual report of Bradken limited for the particular financial year, management has involved subjectivity by fewer degree as it does not influences their financial result to considerable extent (Bradken.com 2018). Users of the financial statements of the reporting entity seek information that provides them with understandable and transparent information. Evaluation of financial report of Bradken limited depicts that impairment testing methodology practices by group is interesting. Expenses relating any particular assets are presented in segregated form and there is a detailed presentation of the all the elements of assets impairment. Summary of significant accounting policies of the group incorporates the discussion of the methodology involves in impairment testing along with the assumptions and estimates. The group does not adopt amendment in the standard AASB 9, relating to impairment that incorporated the requirement of new hedging accounting (Bradken.com 2018). One interesting fact that is found after going through the annual report is that each individual business segments of company has their own separate presentation of figures related to impairment. Moreover, there is a segregation and proper presentation of impairment charge and impairment expenses attributable to any particular asset. Evaluation of the Badken limited annual report enables users with gaining relevant sights about the impairment methodology adopted by the group. One crucial insight that have been gained from the annual report of the group is that it had removed confusion regarding the understandability of the concept of impairment expense and impairment charge that most users find difficulty in segregating. Users of the report will be able to understand that impairment charge is attributable to worthless goodwill and the impairment expenses are attributable to all the assets (Bradken.com 2018). Organization has adopted hierarchy of fair value measurement as per AASB 7 financial instruments. For the measurement and disclosure of financial liabilities and assets, it is essential to estimate the fair value of financial liabilities and assets. Classification of financial assets by Bradken limited is done at fair value through loss and profits. Assets and liabilities of the group that are recognized at fair value are derivative, patents, trademarks and payables (Bradken.com 2018). Measurement of financial assets of the group is done at fair value by recognition of profit and loss and carrying at fair value subsequently. Establishment of fair value is done by using the techniques of valuation. Indication of assets impairment or that assets have been impaired are done by observing a prolonged decline in fair value (Bradken.com 2018). Companies are provided with the incentives of classifying their lease as either operating or financing lease under the former lease accounting standard. This has led to evolvement of tendencies among reporting entity having high level of debt to treat lease as operating lease and the reason is that the principle underlying the existing standard do not mandate them to disclose their operating lease commitments on their balance sheets and instead disclosing them as an expenses in the notes to financial statements (Christensen et al. 2015). Therefore, the amount of total liabilities that is presented in the balance sheet of entities would not reflect true worth of lease commitments. Recording of the operation outside the balance sheet will leave the degree of indebtedness unchanged and does not make any alterations in the capacity of organization to contract debt (DeFond et al. 2014). In this regard, it can be said that leasing transactions under the former standard do not reflect econo mic reality. Former lease accounting standard makes it difficult for users to obtain accurate information about leasing. This is attributable to the underlying principle of the standard that provides company with the privilege of treating lease as operating and financing. Financing leas is regarded as debt finance purchase and they are disclosed on the statement of financial position. It would reflect the actual amount of indebtedness that is attributable towards company. However, operating lease accounting treatment does not have any impact on overall debt structure of company (El-Firjani et al. 2016). Although, in reality the total debt owed towards company might be significantly higher than what is reported on balance sheets. It tempts most of the company to classifying their lease as operating rather than financing. This explains why the debt that is reported on balance sheet is 66 times less than on balance sheet liabilities. Either airline companies lease their aircraft fleets or they buy them and the former accounting standard that is IAS 17 gives them option of treating lease either as operating or as financing lease. Users evaluating the financial position of Airline Company buying their aircraft fleets might find different from the airline company that is leasing their fleets. It can be explained with the help of an example, most of the fleets of German airline Lufthansa compared to its competitor that is Emirates airlines that leases its fleets (Ramanna and Sletten 2014). It would lead to appearance of differences between their financial positions. However, in reality, their financial position might be similar and due to this reason, it is said that under the former standard, there was no level playing field. New lease standard IFRS 16 that have been introduced to overcome the drawback of the former standard IAS 17 is facing oppositions due to several controversies associated with it. Leasing behavior of some companies would change and they would be requiring purchasing some of assets instead of leasing under new standard due to change in accounting treatment. Companies would be experiencing increasing balance sheet and their overall structure of debt resulting from increased focus on operating lease capitalization (Cascino and Gassen 2015). There will be increased tendencies among companies to shorten their lease term in lieu of taking advantages of the amended standard. Reason for its unpopularity is also related to increased complexities and costing of reporting along with enhanced administrative burden. It will be required by companies to make investment for updating their accounting system, new information technology system, educate their staff and update their knowledge and hence, t here will be increased cost will might have an impact on their net profit reported for the short-term (Kraal et al. 2015). Furthermore, some companies will have considerable impact on their financial ratios, which might not be favorable for their individual perspective and business conditions. They will also be facing difficulties in receiving credits from banks and financial institutions due to their worsening debt to equity ratio. Introduction of new lease standard will help in brining much needed transparency and faithfulness required by investors when assessing the overall lease commitments. All the subjective elements involved in the current lease standard will be eliminated and there will not be any need for making rough computations and guesswork in the estimation of leases amount. However, purchasing will become more attractive options for companies rather than leasing them. New standard will facilitate investors in making comparison between the financial positions of different reporting entities (Biddle et al. 2016). This will enable them to make decisions that are more accurate and informed and accordingly making appropriate investment decisions and will not be duped by the unfaithful presentation of financial position of entities. New standard is more likely to be embraced by investors as they provide multiple benefits to them when they seek investment decisions. Organizations relying on high level of debt initially would face problems but eventually it has been perceived that IFRS 16 will help in improving their overall debt structure (Walton 2016). Management of the organization will be able to allocate their capital in a better way and designing the strategies so that it is compatible with their business conditions. Actual picture of the financial position of entity will be presented to investors (Ball et al. 2015). A proper evaluation of the need of leasing and purchasing will be carried out and this will facilitate a balanced lease versus buy decision by management. References list: Ball, R., Li, X. and Shivakumar, L., 2015. Contractibility and transparency of financial statement information prepared under IFRS: Evidence from debt contracts around IFRS adoption. Journal of Accounting Research, 53(5), pp.915-963 Biddle, G.C., Callahan, C.M., Hong, H.A. and Knowles, R.L., 2016. Do Adoptions of International Financial Reporting Standards Enhance Capital Investment Efficiency?. Bradken.com. (2018). [online] Available at: https://bradken.com/documents/default-source/ic-annual-reports/pdf.pdf?sfvrsn=0 [Accessed 25 Jan. 2018]. Cascino, S. and Gassen, J., 2015. What drives the comparability effect of mandatory IFRS adoption?. Review of Accounting Studies, 20(1), pp.242-282. Christensen, H.B., Lee, E., Walker, M. and Zeng, C., 2015. Incentives or standards: What determines accounting quality changes around IFRS adoption?. European Accounting Review, 24(1), pp.31-61. DeFond, M.L., Hung, M., Li, S. and Li, Y., 2014. Does mandatory IFRS adoption affect crash risk?. The Accounting Review, 90(1), pp.265-299. El-Firjani, E.R. and Faraj, S.M., 2016. International Accounting Standards: Adoption, Implementation and Challenges. In Economics and Political Implications of International Financial Reporting Standards (pp. 231-250). IGI Global. Florou, A., Kosi, U. and Pope, P.F., 2017. Are international accounting standards more credit relevant than domestic standards?. Accounting and Business Research, 47(1), pp.1-29. Kraal, D., Yapa, P.W.S. and Joshi, M., 2015. The Adoption of International Accounting Standard (IAS) 12 Income Taxes: Convergence or Divergence with Local Accounting Standards in Selected ASEAN Countries?. Li, S., Sougiannis, T. and Wang, I., 2017. Mandatory IFRS Adoption and the Usefulness of Accounting Information in Predicting Future Earnings and Cash Flows. Li, S., Sougiannis, T. and Wang, I., 2017. Mandatory IFRS Adoption and the Usefulness of Accounting Information in Predicting Future Earnings and Cash Flows. Mhedhbi, K., Mhedhbi, K., Zeghal, D. and Zeghal, D., 2016. Adoption of international accounting standards and performance of emerging capital markets. Review of Accounting and Finance, 15(2), pp.252-272. Mgge, D. and Stellinga, B., 2015. The unstable core of global finance: Contingent valuation and governance of international accounting standards. Regulation Governance, 9(1), pp.47-62. Mullinova, S., 2016. Use of the principles of IFRS (IAS) 39" Financial instruments: recognition and assessment" for bank financial accounting. Modern European Researches, (1), pp.60-64. Picker, R., Clark, K., Dunn, J., Kolitz, D., Livne, G., Loftus, J. and Van der Tas, L., 2016. Applying international financial reporting standards. John Wiley Sons Ramanna, K. and Sletten, E., 2014. Network effects in countries' adoption of IFRS. The Accounting Review, 89(4), pp.1517-1543. Walton, P., 2016. Aiming for Global Accounting StandardsThe International Accounting Standards Board 20012011.

Justice Essay Paper Example For Students

Justice Essay Paper In the Republic, Plato attempts to answer one of philosophys most centralquestions: What is justice or right conduct? Thrasymachus, who is upset atSocrates rhetoric interrupts, suggests that justice is what is in the interestof the stronger. Thrasymachuss view of justice is that justice is the advantageof the stronger. Thrasymachus explains this by expressing that the governmentmakes rules to its own advantage and so it is declared just for their people. Socrates argues Thrasymachuss view by insisting that rulers command certainacts on their subjects which sometimes mistake their own best interest causingthemselves harm. Thrasymachus agrees with Socrates that rulers often do actagainst what is in their own interest and that sometimes the stronger orders theweaker, their subject, to do what is disadvantageous to themselves. Thrasymachussays it is just to obey the orders of the rulers and just is the advantage ofthe stronger. The more important opinion of justice by Thrasymachus is thatjustice benefits other people while injustice benefits you. The stronger personuses his/her strength advantage to his/her advantage. Socrates catchesThrasymachus contradicting himself by stating that justice requires doing whatis to the stronger advantage. Thrasymachus says that the stronger sometimesmakes mistakes and orders something not to his advantage and justice requiressubjects to obey stranger. Therefore, justice sometimes requires subjects to do what is not to the strongers advantage. This statement is a contradiction toThrasymachuss first remark. Thrasymachus then introduces craft assumption. Socrates believes that true crafts people pursue not their own advantage, butthe subjects of their craft and that rulers are considered craftsmen. Socratesconcludes that true rulers seek not their own advantage, but their advantage oftheir subjects. Rulers use their craft to the advantage of their subject and notfor their own advantage. Thrasymachus denies that true craftsman seek not theirown advantage but, the subjects of their craft by giving example of theshepherds and cowherds. They do not seek the good of their animal instead theirsole purpose is fattening them for their own good. The question that is producedis: What makes something the subject of a craft? Two elements makesomething a subject. First, it needs to be the thing that is practiced on. Sheepare the shepherds subject because they are being practiced on. The second thingis that the subject is the beneficiary of the craft. In this case, patients arethe subjects of the doctor because they are the ones being treated of t heillness. The dictionary definition of justice is that it is an abstractprinciple by which right and wrong are defined or the principle of moral orideal rightness. This objection creates a major point of controversy thatSocrates would like to expose falsehood. One example that Socrates points to isthe honor among thieves. The same way that division and self interest pullsapart thieves, injustice will pull apart the soul.