2482 samples of this type
Economics essays often examine how governments can manage resources to promote economic growth. In addition, economics essays may also analyze the impact of government policies on the economy. For example, an economics essay might discuss the pros and cons of a particular tax policy.
By understanding the principles of economics, students can develop critical thinking skills that will help them understand personal and societal issues. Although economics essays can be challenging to write, they provide an essential perspective on how economics affects our everyday lives.
Micro Economics Essay
Microeconomics deals with individual decisions of households, entrepreneurs, and separate companies in the market of goods and services. In your microeconomics essay, you can report the current microeconomic situation in your domestic market. Then, you may suggest the best money-saving and spending practices for households and individuals.
The study of price-making is a challenging but rewarding title for your microeconomics essay. How does the activity of companies in your city support the well-being of its population? Is it always reasonable to maximize a company’s production? These and other questions are discussed in our essay samples below.
This format is too broad to prepare a fit-all template. Still, as any five-paragraph essay, it shall contain the following sections:
We hope that you’ll find the provided information helpful. For more inspiration, consult our selection of samples below. They will bring you to an understanding of what to write in your own economics essay.
iPhone Supply and Demand: Introduction The iPhone has gained a lot of popularity, especially after the Forbes magazine rated its manufacturing company, Apple Inc., as the most admired smartphone producer in the world. Having been first produced in 2012, the iPhone has been sold in various markets of the world....
Explore the difference between David Ricardo and Adam Smith propositions with our essay sample! Here, you’ll find information on principles of exchange value, components of price, and other aspects of the theory of value. Get some ideas for your essay on Adam Smith and David Ricardo propositions with our sample!...
Financial intermediaries are institutions providing indirect means for funds from a party that wants to lend or save to a party that wants to borrow or invest. These are commercial banks, government programs, pension funds, mutual funds, investment banks, rating agencies, etc. Some experts note that advances in computer technology...
A lot of attention is paid today to the process of globalization, but the general public often lacks understanding of this concept and its influence on the world. In general, globalization is expected to modernize communities and provide them with international recognition. Globalization is often characterized by the usage of...
Introduction Economic development is an important aspect that helps promote the stability of any given country and its citizens. Well-developed nations have governments that concentrate on these sectors. Underdeveloped countries, including those with vast natural resources, would fall behind if they fail to support technological research and enhance their workforce’s...
Are you looking for contemporary globalization essay examples? This paper explores contemporary globalization, its features, issues, and impacts. What is contemporary globalization? Find out the answer with the help of our essay sample! What is contemporary globalization: Introduction As Shakespeare predicted a long time ago, the world is shrinking into...
Introduction International trade involves many different procedures that are of particular interest to study. Similarly, this sphere of human activity has its own theories and practices. This scientific paper aims to study the theory of absolute advantage. In simple words, it consists in producing more goods under the same conditions...
It is important to note that Nike, Inc. is a large multinational corporation. Its key products range from footwear to accessories, equipment, and apparel. The factors that influence the company’s demand include consumer income, consumer preferences, and the price of substitutes. However, the core components that affect Nike’s supply involve...
Comparison of Federal and Family Budget Politicians and other commentators frequently make an uninformed comparison between the federal budget and a family’s or individual’s budget to make their points more understandable. The budget is a structure or document that is used in both situations to plan what to spend, but...
In my view, economics can neither be defined fully as art nor can it be classified as a science. This indicates that it contains both aspects and portrays characteristics depicting it as an art and a science. Economics is a field of study that involves analyzing the production, distribution, and...
Introduction Today, the global economy can be characterized by the increasing tendency of internationalization. These changes can be explained by the free movement of goods, people, and resources, the growing importance of international trade, and the overall trend of globalization in many spheres of business. Companies worldwide start to target...
In the book, The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade, Pietra Rivoli endeavors to simplify the intricacies surrounding international trade by focusing on a single product, a t-shirt. This narrowing of an otherwise broad topic allows the...
Are you looking for essay examples on neoliberalism pros and cons? Look no further! Here, you’ll find pros and cons of neoliberalism and other useful information. Get some ideas for your paper with the help of our sample! Advantage of Neoliberalism Neoliberalism is a relatively new model of policy in...
Political economy is one of the issues that can impact the growth and development of a country. In most cases, leaders ensure that a nation engages in different activities such as international trades to guarantee that more revenues are acquired and used to enhance various sectors. Typically, political economy involves:...
Introduction A market or an industry is said to be competitive depending on the key market players, that is, suppliers and consumers. The number of suppliers seeking the demand of consumers in the market determines the competition in the market. The other factor that determines the competitiveness of a market...
Introduction At different points in life, people make expensive purchases, which necessitate rational decision-making. My most recent big-ticket purchase was a smartphone, Samsung Galaxy s20 Plus 5g. As a low-income African American single mother of two children, I had many factors influencing my decision when making this purchase. The combination...
International trade is a valuable way of a country’s domestic market. This is due to the fact that with its help, labor productivity increases, and the total volume of production increases. Moreover, States whose enterprises and organizations export their products to other countries have a significant economic advantage due to...
Introduction Globalization is the process of the ongoing assimilation of the world’s largest nations. It is well currently underway in all regions of the universe. It is complicated connectivity between conservatism and liberalism that comprises both advantages and disadvantages, including emboldening and demeaning people and organizations. Ambassadors, legislators, and lawmakers...
The article “On Dumpster Diving” describes people eating behaviors and how they waste food unknowingly. The paper describes how consumers waste a lot of food and if they are aware of their wasteful lifestyle. In addition, it questions if those with wasteful behaviors are knowledgeable or care about their habit....
Introduction The epoch of British colonialism in India was characterized by considerable changes that influenced Indian life and still echo nowadays. Today’s Indian economy is the result of a complicated period, where traditional order mixed with the British one and dissolved in it forever. The problem of the impact of...
Introduction The video by Zohari (2020) evaluates how globalization impacts developing countries. The most debated issue in the modern world is globalization, with some people supporting and others opposing it. Some people consider globalization as a process of opening up economies to facilitate free trade. For them, a high rate...
Introduction India is the second-most populous country in the world. Its population is over 1.3 billion people, which makes the state the biggest democracy in the world. According to the United Nations, India will have the largest population in the world by 2028. Its area is 1.2 million square miles,...
The 1990s saw the term globalization become more apparent in the west mostly in the disciplines of politics, sociology, mass media, and economics. Various definitions have been developed in an attempt to fully capture all the elements inherent in the process. Generally, it is seen as the process through which...
The World Trade Organization (WTO) is the global international organization that regulates trade between nations; that was established in 1995 and consists of 164 members. More precisely, this organization ensures that trade flow is smooth and that none of the countries imposes a tariff or non-tariff trade barriers. The role...
Introduction Demand and supply forces are often expected to determine the prices of a product in the market. However, sometimes these forces may lead to unprecedented price increases in the market that makes it necessary to have other forces to help regulate the market prices. In India, during the period...
Introduction The economy of scale is a common phrase that applies to many organizations, especially those engaged in manufacturing. The term mentioned above refers to the economic benefits obtained from large scale manufacturing operations (Harrison, 2010). The operational cost will reduce with an increase in the level of production. Advantages...
Working in Public Sector vs Private Sector: Essay Introduction After completing their education and gaining various skills, people always aspire to get employed and put their skills into use. It is the desire of people to get opportunities to work in organizations where the terms of employment are favorable. Consequently,...
Introduction In business, companies, managers, and employees strive to offer the best customer service because happy customers lead to more sales and higher profits. The “customer is always right” is a cliché statement that is used as a foundational philosophy for running successful businesses. It is an expression of how...
Introduction The United Arab Emirates is the second-largest economy in the Arab region. It comes closely behind Saudi Arabia. Currently, UAE is the eighth largest oil producer in the world. The country maintains a free market system. The open system gives the nation means that investors from different parts of...
Introduction This paper discusses the economic concept of ‘balance of payments’ and how it impacts the economy of a nation. Firstly, the term is explained through its various components and then the implications of a negative balance of payments are explained. Balance of Payments The balance of payments (BOP) is...
The United States is the most developed economy in the world in terms of the gross domestic product. However, the country has one of the highest budget deficits globally, meaning that the overall spending exceeds the total revenue collections. The country has for many years run under an increasing cumulative...
Introduction Bangladesh had many reasons for economic stagnation after the war of independence. The general destruction after the hostilities, the lack of developed infrastructure, and natural resources, political instability, and corruption. Such example had a significant impact on the development of the newly emerging state, slowing it down (Bair et...
Introduction In its many thousands of history, society has had various forms and has evolved through different types and regimes, but one thing has always remained. This thing is money. Once people discovered barter, they invented money, which has undergone much change since then. It has transformed through shells, beads,...
Introduction Any system that involves the mechanism for production, distribution and exchange of goods apart from consumption of the goods and services within the different entities can be classified as an Economic System. The various kinds of economic systems and their classifications broadly follow the methods by which means of...
Abstract Globalization refers to the growing interconnectedness among global societies, economies, and cultures, primarily due to increased trade in goods and services, foreign investment, exchange of knowledge and information, and immigration. This phenomenon has affected employment and trade significantly. It has increased wage inequality and destroyed jobs, especially in manufacturing....
Introduction In business economics, other than the mathematics involved, some factors must be considered significant considerations when making conclusions. One pertinent consideration is the fact that financial decision-making is different from others. As one of the best business economists, Adam Smith highlighted this in his book The Wealth of Nations...
Introduction Agriculture is critical to emerging nations’ economic prosperity, and its significance in economic development is vital since agriculture employs the majority of the emerging world’s population. Agriculture’s role in economic growth has been divided into several categories, including product, factor contribution, marketing, foreign currency, agricultural and poverty alleviation, as...
The concept of commercial agriculture implies that crops and livestock are raised to be sold on the market for profit. Since commercial agriculture aims to produce goods such as meat or grains that could be sold, the farmers put a lot of effort into maximizing productivity. This includes the application...
Bretton Woods or adjustable pegged system can be described as a “semi-fixed exchange rates system” (Carbaugh 460) that has allowed tying different currencies to each other thereby facilitating interracial financial transactions. The main advantage of the adjustable pegged system is the elimination of uncertainty and risk related to fluctuations in...
Introduction The topic of market economies opened my eyes to the operations of local and global markets. Notably, a market is defined by the interaction between buyers and sellers through the determined modes of exchange. The product being sold and the principles governing such exchange is the main determining factor...
Introduction Globalisation refers to process of relations and integrations among organisations, people and governments across the globe. In business world, this concept represents the free flow of data, technology, capital, goods and services between nations. In the past, Western nations viewed globalisation as an essential phenomenon, since it promoted economic...
Introduction The advent of the Internet has provided some major breakthroughs. VoIP and visio-conferences eliminate the limitations businesses encounter due to geographical boundaries largely. These provide opportunities for various business houses to advertise, share information with their collaborators, receive feedbacks on their products, equipping them with the cutting edge technologies...
Introduction Due to global trade, three products are only available in a local U.S. store: coffee, spices, and electronics. Coffee is grown primarily in South American and African countries before being exported to U.S. stores. Spices are grown in tropical countries worldwide and exported to U.S. stores. Main Body Electronics...
Introduction Over the decades, Turkey has become one of the most rapidly urbanizing countries in the Mediterranean region. Istanbul has become the epicenter of urbanization for Turkey that exponentially expands every year. Increased rates of population raise a higher demand for housing needs; therefore, there is a vital need to...
Cournot Model of Competition Cournot competition, also called Cournot duopoly, is an economic model of imperfect competition in which firms making homogeneous and undifferentiated products compete on the amount of the output they will produce (McAfee et al. 234). Importantly, both firms independently and simultaneously decide on the output. The...
The Meaning of Globalization Globalization can be described as an economic system that is open and allows the international movement of people, goods, services, and capital. It involves greater integration of economic systems of countries through international trade, the flow of capital, and international investments. Economic globalization connotes the interrelationship...
The article under focus is “What Can the Playstation 5 Teach Us About Economics?”. It was written by William Chon on November 12, 2020. The author explores the case of a sudden rise in price due to the high demand for the product. The product itself is a home video...
Capital investment is fundamental for any organisation to help in promoting the effectiveness of its operations. However, the investment usually requires a lot of capital. Therefore, organisations have to find ways of raising adequate monies for that purpose. Jay-Hyung et al. (2020) state that capital funds can be raised in...
Introduction The old and the new economies have different meanings to different people. The old economy can be defined as the form of economy aimed at mass production of products and consumption of the same by people. It was represented by big and well-established companies. The new economy on the...
The Great Recession is fairly described as a horrendous financial collapse that left millions of families with fewer money or even deeply in debt, it also caused multiple companies to go bankrupt. Remarkably, nearly 8 million Americans lost their jobs, 4 million homes were foreclosed, 2.5 million businesses were closed...
Introduction The Global oil industry is the industry that encompasses the process of acquiring oil through exploration, extraction, refining, marketing and distribution on a global level. Oil is a major source of energy and has been referred to as ‘Black Gold’ because it is vital to many industries and the...
India is a diverse country located in Asia. Many languages are spoken in the country and the country is very rapidly coming up as far as the economy is concerned. The population of the country is the second-largest in the world, some people look at this as a negative but...
David Ricardo was a modern orthodox economist whose main ideas centered on positive economics. He is notable for his contribution in economics during the classical period of economics. The period lasted about 100 years and his book “On the Principles of Political Economy and Taxation” that was published in 1817...
Introduction Individuals contribute item reviews, information about a service, food or wellness advice, admonitions regarding things, instructions on how to use certain items, and more aspects as customers. The purpose of this work is to investigate the impact of social networks on the decision-making activities of customers. The use of...
Introduction A household, a society, and an economy are all faced with certain decisions. Since human beings form a part of the groupings, they make key resolutions on behalf of the community. The conclusions that I make are important because of the scarcity of resources. Resolutions that I make must...
Introduction In industrial organizations or microeconomics, market structures are normally categorized into monopoly, oligopoly, perfect competitions, and monopolistic competition based on the extent of concertation, product differentiation, and entry barriers. It is commonly depicted that when a market is seamlessly competitive, a balance is attained controlled by invisible forces, which...
Today, obvious global trends in the development of the world banking system are observed – an increase in the number of services provided by banks, an increase in the cost of financial resources, consolidation and geographical expansion of credit organizations. Moreover, the increased influence of modern scientific and technological revolution...
Introduction Through technological, economic, and social development within world economies, the resent time phenomena demonstrates a state where integration in these areas is increasingly binding countries and economies together such that the world becomes more or less a global village. Thai, Rahm and Coggburn (2007, p.2) indicates that globalization involves...
Introduction In Chapter 7, Wheelan provides an overview of the basic mechanisms of financial markets. The ideas presented by the author can be used to discuss this case study. The chapter is also written in a manner that ensures numerous illustrative examples, which helps to understand the notions, mechanisms, and...
Plan To reduce the cost of manufacturing goods, companies seek strategies for ensuring that the prices of their products are low enough. In this quest, organizations that are established in developed nations outsource not only production but also customer services such as customer care by transferring call centers in nations...
Marx alienation focuses on the capitalist mode of production and an objective approach resulting from the reality that evolves in an individual’s knowledge in capitalist society (Lavalette & Ferguson, 2018). Alienation is the loss of control over one’s attributes whereby the participant’s relationship with the attribute is disconnected. The product...
Nowadays the phenomenon of globalization can be described as a dominating power behind major political, business, and sociological developments all around the world. From day to day global economy, politics and culture become more and more autocratic in every land. The process of globalization inevitably affects governance all over the...
Introduction Exchange rate refers to the “price of one country’s currency expressed in another country’s currency” (Boyes and Melvin 253). The exchange rate is an important macroeconomic variable since it influences the competitiveness of a country’s exports and imports (Boyes and Melvin 156). It also influences the returns on different...
Every economy has its purpose and role in society. It is necessary to comprehend a true worth of economy to use its benefits and succeed. As a rule, there are four main functions of the economy: the identification of what should be produced, the analysis of production amount, the description...
Introduction Examining IIT indices for the UK and the USA offers critical insights into the dynamics of international trade relations between these two nations. Utilizing data for 2021, the IIT indices reflect a moderate to high level of intra-industry trade in goods between the two nations. The overall indices stand...
Introduction Life-Cycle Permanent Income Model, sometimes called Life-Cycle Hypothesis (LCH), is an economic theory that predicts human consumption and saving, considering future income possibilities. Milton Friedman framed LCH in the 1950s, and his idea that he wanted to prove is that humans plan their spending throughout their lives, considering future...
Introduction The modern economy is characterized by increased economic and cultural integration, which has promoted international relations as well as international trade. This has been heavily facilitated by globalization. In general terms, globalization refers to global integration of economic, technological, political, and social aspects among different countries (Hamilton 2008). In...
Introduction The trend of forming mergers in business has become very popular in the banking industry lately. In simple terms, a merger occurs when two different firms join their operations to firm one single organization (Braggion, Dwarkasing & Moorey, 2010). One of the fundamental effects of mergers is that it...
As a matter of fact, asymmetric information in relation to the market is connected with a common situation when one party knows more than another one. For instance, sellers may have considerably more information about the quality and peculiar features of their product in comparison with consumers (Pindyck & Rubinfeld,...
The given macroeconomics research paper will focus on the multimedia service provider Netflix. The company’s structure is a subscription-based streaming platform, where viewers have an opportunity to watch both Netflix’s original films and other contracted ones. The primary attention will be paid to the macroeconomic structure of Netflix as a...
It is the total monetary value of all products (goods and services), a nation or country produces within a specified period of time, usually a year. This monetary value is represented by profits, wages, and rents among others received by the Nation’s residents (Parkin et al 2000). This income represents...
Perfect Competition: The Egg Market I do not remember seeing an individual egg producer’s advertisement and I do not anticipate coming across one in the near future. This is primarily because the egg market is a perfectly competitive market. In this regard, the producers of eggs (and consumers too) are...
Introduction In the environment of financial review, the efficient market hypothesis theory (EMH) is a general thinking which assumes that “the existing stock prices indicate the denomination of the business according to the materials available” (Shiller 23). This theory proposes that persons trading are not in a position to receive...
Introduction Adam Smith was a pioneering economist who used the metaphor of ‘the invisible hand’ to describe how unrelated human actions can benefit the overall social and economic welfare. The invisible hand, as defined by Adam Smith, is a guiding principle that has an immense impact on the concept of...
Introduction Netflix made two significant strategic moves that led to its success. First, the company did not explore all the available markets at once but in phases. It ensured that the market it exploits has been analyzed and is suitable for expansion. For instance, the first phase of its entrance...
Different events occur every day and every hour; some phenomena operate a twenty-four hours a day. They have the most significant impact on society because they transform society at different levels. Inflation is the depreciation of money due to rising prices, which affects and transforms society around the clock. Inflation...
Since corruption is a negative social phenomenon that hinders the development of many countries and undermines their economy, the fight against it is considered one of the most significant tasks of the modern world. Bribery is probably the most burdensome for the inhabitants of African states, where it weakens the...
Introduction The topic of population growth has gained traction from scholars in different disciplines. An increase in the number of people means that the economy should be large enough to sustain the housing, consumption needs, institutions, and resources such as land required for infrastructural purposes. Developed and developing economies are...
Introduction Globalization is the modern reality that influenced humanity from economic, social, and cultural perspectives and changed how diverse nations perceive one another. The outcomes of the process are a decrease in manufacturing costs with simultaneous expansion of production volume and overall quality of life improvement as more goods become...
India is one of the world’s most powerful economies. India’s capital is New Delhi. Two major nations border it: China and Pakistan. Bangladesh, Myanmar, Nepal, Bhutan, and Sri Lanka are some of the neighboring nations. India is one of the largest countries in the world. It should also be noted...
Introduction Regression analysis is a statistical tool that is used to develop approximate linear relationships among various variables. Regression analysis formulates an association between several variables. When coming up with the model, it is necessary to separate between dependent and independent variables. Regression models are used to predict trends of...
Introduction Culture is an integral part of human life and one of the principal characteristics of every country. Its evolution is conditional upon international processes collectively known as globalization. Cultural globalization is considered as “the geographic mobility of cultural products and influences across national borders” (Purhonen et al., 2019, p....
Introduction Many years have passed over with worlds states struggling for better ways in which they can bring about beneficial integration through the globalization of many fields. The results of such struggles have yielded numerous changes mostly in the fields of technology and communication. The introduction of such globalize ways...
Introduction The end of the 20th century could be characterized by radical alterations in the international discourse and economic relations. The aftermath of WWII and the shift of priorities towards humanistic values resulted in the creation of an environment beneficial for the development of the Third World States or Developing...
Introduction The Microsoft Corporation stands out in its market position as the number one supplier of computer operating systems whereas the company holds a significant market share worldwide. In the course of its operations, Microsoft has faced legal problems in connection to its monopolistic tactics. In 2003, a United States...
The public budgeting leaders have the responsibility of fulfilling various roles including planning, reforming, and budgeting. Public budgeting involves three areas that are mostly dominated by the fields of economics, planning, and data sciences. Planning is used to determine goals and setting up the necessary programs to achieve them. Programming...
Introduction The world is fast becoming a global village, seemingly smaller than it was a decade ago. This scenario has resulted from the development of trade and transport systems, thus making it conducive for movement of people, goods, services, and ideas and creating diversity in social, economic, political, and cultural...
Introduction The history of banking began around 2000 BCE in Assyria, Sumeria, and India when wealthy families kept gold and silver coins in their homes. However, in the U.S., the banking system was started in 1782, where the first real bank was chartered in the then young republic. Hiding of...
In today’s world economy, there is only one rule that can be applied to a free market: supply and demand. In this case, the free market has nothing to do with corporate social responsibility. Milton Friedman’s philosophy was also based on the idea that despite the claims of large companies...
Introduction Capitalism represents the dominant economic concept in modern reality, based on private property, the competence of actors, and the principle of supply and demand. The role of the state in the capitalist economy is reduced to protecting the rights of citizens and creating a safe and comfortable environment in...
The budgeting processes of a company and a government have several differences. Governmental budgeting is less flexible compared to business; it requires allocating resources regarding various federal agencies. Authorities adopt top-down budgeting considering fiscal stress (Hendrick, 1989). A top-down approach means that the government implements the budgeting process with minimal...
Since it was discovered in December 2019 in Wuhan, China, COVID-19 has caused massive human suffering and undermined the global economy. The lives of billions of the world’s populations have been turned upside down by the pandemic, which has significantly affected the social, environmental, health, and economic domains. By now,...
The Stanford Center of Poverty and Inequality does an in-depth job of finding causes and capturing statistics on poverty and inequality. This website researches education, labor market, income differentials, legal issues, and incidents of discrimination, as each case in these areas, have an impact on poverty and inequality. For example,...
The process of globalization is often viewed as an exclusively modern phenomenon that has arisen due to the development of multinational corporations and technological innovation. However, historians have been considering the periodization of world integration for a long time and also trying to determine the time of its beginning. Nevertheless,...
The South Korean economy is a highly developed mixed economy, holding 10th place by nominal GDP, which is one of the most successful and flexible in the world due to its high-tech industries. However, the country’s economy is characterized by a unique feature that is not seen to such an...
Executive summary The consumption of information technology (IT) resources by employing the functions of computers has elucidated incredible intensification in service industries. The effect on banking is evident in enhanced competence and output. This achievement comes from the introduction of products related to IT. This encompasses internet banking, electronic payments,...
Silicon Valley grew very fast because of its technological specialization and innovative corporate culture. The firms and individuals in Silicon Valley showed a strong tradition of innovation and cooperation. There was coordinated focus on manufacture of hardware, development of software and capital investment. Several economic development strategies converged to benefit...
The dependence effect refers to the way people’s wants are hinged on the process by which they are satisfied (Galbraith 159). Galbraith in his book explains the notion of dependence effect, in an attempt to criticize the economic outlook of demand theory that wants do exist on their own. This...
Introduction The notion of “globalization” is related to the process of enlarging cross-border transactions and interactions in political, socio-cultural and economic spheres. It describes the denationalization phenomenon which tends to be perceived as a political project. Globalization in the international political system is considered to be centralized due to its...
Introduction Owing to the strategic position of the country as a trading entrepôt in East Asia – doing a brisk trans-Pacific trade with Mexico for centuries, exporting minerals and forest products to China, trading sugar with (what was then) Great Britain, and cashing in on foreign exchange earnings of Filipino...
Main economic factors that determine price of good or service According to Connor (2006, p. 64), price determination is dependent on demand and supply of goods and services. In economics, price depends on the balance between these two forces. However, there are also other several micro-economic factors that determine the...
Book Citation Chomsky, Noam. Profit Over People: Neo-liberalism and Global Order. New York: Seven Stories Press, 1999. Print. Author’s Credentials Professor Noam Chomsky is the author of the book “Profit over People”. Chomsky is a scholar who has written many books and journal articles in current affairs, politics, governance issues,...
As the borders between countries erode and different economies and cultures start to interweave, the world begins to be more and more defined by globalization. The new technologies and methods of communication and transportation make distances less and less of an obstacle, and it becomes easier to establish commercial and...
Introduction As the owner and operator of the lemonade stand, it is essential to comprehend the variables that influence supply, demand, and selling choices. The amount of lemonade consumers are ready to purchase at a specific price is referred to as demand, whereas the amount of lemonade the stand can...
The topic will illustrate the digital currency and its effects on consumer behavior in Saudi Arabia. A digital wallet is any program, electronic gadget, or internet service that enables people or organizations to conduct transactions electronically. Along with other things like gift cards and driver’s licenses, it keeps users’ payment...
Introduction Transportation firm Uber Technologies was formed in San Francisco by Travis Kalanick and Garrett Camp in 2009. Its founders ascribed the idea to a previous incident in Paris when they could not get a taxi. Transportation, delivery, and courier services are areas where Uber has a strong availability. The...
Introduction The concept of globalization closely links to the interchange of ideas and cultures across different communities. Food preparation methods vary from culture to culture, and until now, each community has been known for its distinct cuisine. People may now move throughout the world more quickly because of globalization. One...
Introduction The doctrine of pure financial loss is a significant development in the American and European tort laws. At the same time, the development has been confusing with controversies over the definition and restricting principles governing pure economic loss in different states. The pure economic loss has been a fascinating...
Abstract India uses a system of five-year plans to ensure the economic growth of the country. The 12th five-year plan was implemented from 2013 to 2018. However, within each of the plans, there are both achievements and failures, which can be assessed only after its implementation is completed. This study...
Introduction Selection of market securities that would be included in a certain investment portfolio requires scanning of various instruments in diverse financial markets. The markets from which the market instruments are picked include the capital market and the money market (Jordan, Miller, & Dolvin, 2012).The capital market is involved in...
Introduction As the international economy is being integrated, business opportunities, as well as challenges, continue to ensue. Such challenges affect different nations around the globe, including those with stable economies. In this regard, even the local corporations/companies and the multinational corporations are not immune to the business challenges present in...
Introduction Predicting stock performance is extremely difficult and has been called a futile exercise by many people. This is because due to the inefficiency of stock markets about information asymmetry. Many of the fundamental factors affecting stock performance do not fully reflect themselves in stock prices in the Long-run or...
Introduction Equity was developed more than hundred years ago to settle the claim of the dissatisfied litigants which arised from the harsh inflexible rules of law, which made the justice not prevailing. Equity is a set of legal principle of English law, which evolved from the English common law. The...
Executive summary Stakeholders can be defined as people who are interested and directed by a business’ actions. They stand to either lose or gain from a business’ operations and many times influence its decisions. A business’ stakeholders include preferred and common shareholders, creditors, manufactures of its products, employees, suppliers, customers,...
Definition Monopoly refers to a market where a particular individual has enough control over the production or supply of a certain product or service to the extent that he can determine the terms under which other parties who are in the market can access the goods and services (Varian, 2003)....
During 2007 the world economy grew at 5.2 percent which was mainly powered by the rapid economic growth in the emerging economies of China, India, and Russia at 11%, 9% and 8% respectively. Hence, during the year 2007, the economic condition of the world appeared to be very bright and...
Introduction Critically review (i.e from academic, commercial, governmental and other relevant sources ) to support the view that the process of Globalisation is likely to have the significant impact upon the competitive environment of the mobile communications sector for the near future. What is Globalisation? Globalization can be defined as...
Grid Outline Thesis: Although globalization is somewhat harmful, it has many advantages for example: sharing new technology, sharing knowledge, cultural export, and food export. Supporting points Sub-points Evidence Industrialization Share new technology Knickerbocker, If the poor get richer, does the world see progress? p8 Share knowledge Ma, Paths of globalization...
It is essential to note that rational choice theory is a concept that explains the rational behavior and choices of individuals in pursuing the opportunities available to them in society. Individuals rank these opportunities according to the degree to which they serve their goals (Blossfeld & Prein, 2019). They follow...
Introduction The functioning of the economy as a whole is a focus of fiscal and monetary policy. Macroeconomic policy is to create a climate that is secure and supportive of a resilient and sustainable increase in the economy, which is essential for generating wealth, employment, and better living standards (Alam,...
Introduction Economics is essential in steering public discussions about business taxation, household taxation, and import taxation by changing the public perspective of taxes. Taxes are essential in running a government by providing public resources and services for appropriate economic growth (Korenik & Węgrzyn, 2020). Without taxes, the government would be...
Bernie Madoff, who founded his investment company in 1960, was the genius behind the $50 billion Ponzi scheme scam that stunned the world economy. It was the most extensive and longest-running Ponzi scheme fraud in history. According to his deception strategy, Madoff utilized investments to repay his initial backers, giving...
Economic value is a measure of the benefit that a service or product provides to a group of people. It is measured in relation to the units of money in the economy. My understanding and opinion are that economic value occurs when a company, for instance, has all of its...
Abstract This research aimed to examine the impact of celebrity endorsement on consumer purchase intentions. The analysis was based on a survey of 300 participants between 18 and 54 years. They were from the University of Hull and surroundings, which were American consumers. The study focused on celebrity endorser characteristics,...
Introduction It is hard to disagree that there is probably nothing universally positive or negative in this world. Everything has a price, and many processes that allow countries to develop also require people to pay for this development. Globalization is a unique and significant process that erases the borders between...
Analysis of social processes is governed by the idea of globalization in modern science. Globalization today is the determining factor in political, economic, and cultural development. It encloses the most important economic and social evolution processes that accelerated modernization, cultural change, and economic growth. Moreover, globalization innovates new issues and...
Summary Comparative advantage is an economic concept that some countries, states or regions are better set off in producing specific goods than others. Comparative advantage is important in world politics because it determines the countries or regions that will benefit from specializing in he production of certain goods or products...
In the 1920s, America’s economic development experienced an unbalanced growth. The economy experienced an imbalance as those who owned large companies and business organizations continued to make large profits (Ivanova, 2017). In contrast, those who worked for them continued with a poor economic run. During this time, most Americans lived...
Despite the general rapid development of humanity over the past decades, a large number of global problems have arisen: climate change, natural disasters, political and social instability, and wars. All these conditions have led to the need to create a completely new type of behavior directed at more efficient and...
Introduction The stock market crash of 1929 is currently defined as the most significant economic collapse in US history. It created unbelievable chaos in the country’s financial markets and resulted in the Great Depression regarded as the longest period of contraction and unemployment in modern history. However, even though the...
The increases or decreases in the customers’ incomes always lead to budget shifts, which will imply the new purchasing behavior pattern. Many factors can influence the customers’ purchasing choices and adopt a new understanding of this process by the business holders and the whole market. The purchasing behavior strongly depends...
Various firms and households make savings and investments that influence the economy in general. Planned savings and investments are the amounts that the companies intend to save or invest during a given period. Actual savings and investments are the quantities that are retained and invested during a specific period. These...
Abstract Consumer behavior is affected by numerous things. For example, it can be argued that a consumer’s purchasing behavior can be affected by his or her access to disposable income. This can change often based on whether someone has a job and, at times, even with the increase in responsibility...
The Federal Emergency Management Agency (FEMA) is a part of the Department of Homeland Security (DHS). The organization is responsible for protecting the population from natural disasters, preparing for them, and mitigating potential consequences. The agency also helps citizens to recover from the devastating impact of indent, including human-made. FEMA...
Executive Summary Financial ratios show associations between various factors of the business operations. They entail comparison of income statement and balance sheet’s elements. These ratios are grouped into four distinct categories; liquidity ratios (Quick and current ratios), profitability ratios (ROE and ROA), leverage (debt-equity ratio and debt-to-assets ratio) and investors’...
Masoom, Muhammad Rehan, and Md Moniruzzaman Sarker. “Rising materialism in the developing economy: Assessing materialistic value orientation in contemporary Bangladesh.” Cogent Business & Management 4.1 (2017): 1345049. Web. This journal article provides research into the rising materialism in the developing economy and its impact on influencing materialistic value orientation in...
Introduction Countries vary by many socio-economic parameters, such as population density, natural resources, climate, technological advancements that allow them to specialize in various production areas. Due to specialization, some economies create an oversupply of one product category but experience the lack of another. Thus, international trade takes place when one...
Introduction Consumer behavior can be “defined as the study of when, why, how and where people do or do not buy a product” (Torocsik, 2003, p. 2). The study tries to comprehend what drives buyers to decide on what to or what not to purchase (Murray, 2002). Several studies conducted...
Introduction The last twenty years have witnessed several innovations which have made several implications to the financial sector. There are many instruments that have been employed by financial institutions like banks since 1970. Some of the innovations are: butterfly spreads, Eurobonds, program trading, collateralized mortgage bonds among others. These innovations...
Introduction The phrase ‘subprime mortgage crisis’ became common in 2007. It describes the decline in the performance of the United States of America mortgage market (Tong & Wei, 2008, p. 3). The 2007 subprime mortgage crisis is described as the most terrible financial crisis to have occurred since the previous...
Introduction Nobody can convince Charles Johnson that the world is not flat. Not when it looks that way from his front yard. His home in South California stands on a hillside. Everything within several miles of his home is visible from this position. He can see the Mojave Desert, Lancaster...
Introduction This paper will summarise the book A practical guide for policy analysis: The eightfold path to more effective problem solving (2nd ed.) by Eugene Bardach. Discussion Part I Based on old models to research and systems analysis, Bardach (2005), took-off and proposed the eightfold path to more effective problem...
Introduction A monopoly is an economic situation in which only a single seller or manufacturer makes and supplies a commodity or service. In order that a monopoly is effective one of the preconditions that should exist is that there should not exist a practical substitute for the product or service...
Abstract The nature of development and its primary concerns vary from time to time. The issues that were considered as most significant in past may not be a part of today’s key concerns. As the world crosses the premises of a new millennium, the nature of global development has considerably...
Introduction Economic integration makes international trade easier through the removal of trade barriers and tariffs. With economic integration, good and services, labor, and capital find their way in the country where they can be put into maximum use. Increase in mobility of factors of production faces some negative challenges especially...
Introduction The price of a commodity in the market is determined by factors such as own price, price of substitutes, price of compliments, and consumer tastes and preferences, among others. For a normal good, an increase in its price decreases its demand. Substitutes are commodities that serve the same purpose....
Outsourcing can be regarded as one of the byproducts of globalization. Many early movers benefited from this strategy especially when it comes to the production of the products (Carbaugh, 2015). Outsourcing has been associated with a competitive advantage, but it led to significant losses for some firms (Mourdoukoutas, 2013). HP...
Case Summary Nestlé’s Nespresso system sells affordable coffee makers and profitable single-serve capsules, with 5.5 billion capsules sold in 2009. To protect its design, Nestlé filed 1,700 patents. Sara Lee identified a gap in Nestlé’s patents and launched compatible capsules in France in 2010, leading Nestlé to sue them there....
Introduction Investment decisions and long-term planning for any investment or economic action often require a complete analysis of all associated risk factors. The concept of interest rates plays an essential role in determining the cost of capital. Real risk-free and nominal interest rates have fundamental differences that determine their different...
Introduction It can be challenging for entities in an international trade transaction to agree on the delivery conditions, the party responsible for the goods while in transit, and the mitigation of unforeseen risks. Thus, adopting Incoterms, which refer to clusters of standardized regulations in international sales contracts, can be helpful...
