2515 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!...
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...
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...
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...
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...
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...
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 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...
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...
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...
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 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...
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 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...
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...
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...
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 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...
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...
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...
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...
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...
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,...
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...
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 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 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...
The U.S. stock market crash of 1929 initiated the Great Depression in October of 1929 though this one event was caused by external sources and was not solely responsible for the most devastating economic collapse in American history. During the decade-long depression, many lost their businesses, jobs, homes, savings, and...
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...
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...
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 Foreign Direct Investment (FDI) is regarded as a fundamental form of global capital flow (Cywiński & Harasym, 2012, p. 35). FDI has a considerable effect on both home and host economies. From the home country’s point of view, FDI is considered to be a convenient means of capital and...
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...
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...
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...
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...
Introduction Growing income inequality in advanced countries has drawn more attention to and concern due to the widening gap between the wealthy and the poor. This essay will examine the various reasons for income disparity to argue that these causes have come together to create a system that has enabled...
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...
Introduction The chapter “The Golden Arches Theory of Conflict Prevention” of “The Lexus and The Olive Tree” by Thomas Friedman is devoted to a unique and rather insightful finding. This finding is exclusively the author’s own and has been challenged by some. While McDonald’s is one of the restaurants around...
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,...
To begin with, demand is the customers requirements and desires, which might be changed because of external factors. When saying “demand,” economists mean the desires of customers to buy some products or services during some period of time, and these wishes can change due to different aspects and situations on...
Introduction Fast-Moving Consumer Goods (FMCG) are products that are sold quickly and at a relatively low cost. According to Veselova (2022), common examples of FMCG include food items, beverages, toiletries, household cleaning products, over-the-counter medicines, and other consumer products. These goods are usually purchased with the intent of daily use...
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...
China is one of the oldest countries in the world and it also hosts the world’s oldest civilization. Traditionally China has been a very influential country with its cultural, technological, economic and religious sphere extending over whole of East Asia including neighbours such as Vietnam, Korea and Japan. In the...
Introduction Background of Study Globalization is the phenomenon through which countries across the globe are connecting through financial trade, political issues, transportation and operations. It is mostly termed as economic globalization since the economy of a particular country carries out trading activities in order to become a part of the...
Introduction New institutional economics which emerged in the 1970s, became a basis for the economic reform and the development of the contemporary economy. It gave birth to diverse theories that outlined the reforms and conditioned the future of the economy. The current paper reviews one of the famous institutional theories,...
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 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 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...
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...
The minimum wage was introduced many decades ago to secure the rights of workers and ensure that employers would not make people work for extremely low wages. This standard is a common instrument utilized in many countries, including the USA. This tool is one of the measures to address the...
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 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...
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 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 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...
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 Economic relations are an essential part of human life and have a significant impact on both entire states and individuals. It is impossible to abstract from interaction with other subjects or isolate from them. For several centuries, the circle of these relations has been closely studied to identify patterns...
Introduction Public policies are crucial to promoting public economic well-being, health, infrastructure, and K-12 education accessibility. In Texas, recent financial reports have revealed an increased concentration of wealth among high-income households. Local and state tax policies have played a major role in promoting inequality (Lavine). Texas’s tax system is primarily...
Gig Economy is a free-market system that employs independent workers for a short-term commitment. Due to the advancement of technology, it has become possible. The Gig Economy participants happen to treat the gig as their primary source of income. It is very significant in organizations and industries. Gig Economy has...
Introduction Barclays Bank is among the largest financial services providers in Europe, America, Africa, Asia, the Middle East, and Australia. The bank deals mainly in offering retail banking, corporate banking, credit and debit cards, wealth management, and investment banking. The bank comprises global corporate and investment banking, international wealth management,...
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...
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 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...
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...
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...
Consumerism exists in the everyday life of every person, and every marketer should pay attention to its effect on consumers. There is an indirect pressure of marketing strategies that force people to change their habits while shopping. Those psychological techniques might not always be harmful to ordinary buyers. However, marketers...
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...
Main Argument The main argument put forward by Marx is that primitive accumulation of capital has come to play a relatively the same role in political economy as the story of original sin plays in theology. When it comes to the history of capital accumulation from its primitive form, any...
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...
Resource based view (RBV) deals with the internal strength and weakness of a firm. In the concept of RBV, a firm’s performance and profitability are determined by the assets of the firm and managerial abilities of the people working in the firm which it can use as a cutthroat competitive...
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 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...
The worsening shortage of resources is one of the true underlying causes of the escalating and latent maturing local, regional and global problems of the new millennium. The existence or absence of the necessary natural resources directly affects the living standards of earthlings, the prospects for the socio-economic development of...
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 Finances and exchange rates play a substantial role in the functioning of the international market while ensuring the circulations of goods and services. The importance of these economic matters cannot be underestimated, as the currency devaluation caused by the fluctuations in the exchange rates could be regarded as a...
Introduction When it comes to assessing the significance of a particular literary work, concerned with the matters of political economy, it is important to define the measure of the contained ideas’ systemic integrity, in the sense of how they correlate with the ’cause-effect’ (or dialectical) principle of analytical reasoning. The...
Evolutionary economics has made most scholars change their view of neoclassical theory given the dynamism of understanding certain market occurrences. Technological learning has been at the centre stage of the development process since effective comprehension of changes in the economy requires co-evaluation of technologies, as well as the institutional compartments...
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 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...
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 A developing country is a nation whose economy is in the process of development. This means that these countries are working to improve the living standards of their citizens and expand their economic base. In general, developing countries are characterized by low levels of income (Saner et al., 2019)....
Introduction According to the American Gambling Association, most American voters believe casinos help strengthen their communities and improve local economies. – Lim and Zhang. Growth and Change. For each country, economic development is one of the most important areas of activity. Thus, the state applies various measures to improve this...
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 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 The Socialistic Republic of Vietnam is a developing country that demonstrated tremendous economic growth during the past 30 years. The economic reforms started by Đổi Mới in 1986 had massive success, turning the country from one of the poorest nations to a lower-middle-income country (World Bank, 2020). Its GDP...
Net Present Value (NPV) is a better indicator than Payback Period (PBP) because it tells precisely which value would be earned by the investors if they decide to undertake it. In general, NPV as an investment appraisal method is based on the idea that the project would be beneficial if...
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...
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....
Underdeveloped countries These are countries that have low income per capita. They experience low standards of living. Mainly, they are characterized by high population growth, high mortality rates, primitive production methods, low levels of technology and also extreme inequality of wealth and income. The Vicious circle of poverty: This is...
Introduction Theories in Economics have been developed for the purpose of understanding and interpreting economic phenomena at play and which can be exploited or manipulated to enhance the economic outcome. They are also used to explain the behaviour of economic units which include households, businesses and governments. Demand theories explain...
Executive Summary This dissertation aimed to examine the topic “The external environment in China and its effect on foreign beverage companies: A case Study of Pepsi and Coca Cola”. The literature review of this dissertation concern with theoretical aspects of Environmental Effect on the Strategic Choice, Chinese Policy towards the...
Introduction A market structure is the number and size of buyers and sellers who are interested in a product or service. Apart from buyers and sellers involved in the market, market structures for a commodity also include the likely entrants. Because of the differing level of competition within the market,...
Introduction The Federal Reserve System, often referred to as the Fed, is a key player in the economic landscape of the United States. Established in 1913, its primary function is to regulate the country’s money supply and control inflation, thereby preserving and controlling the stability of the U.S. financial system...
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...
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...
Uber’s innovative format of transportation services affects companies in the taxi market. Specifically, its pricing strategies and the ability to damage the reputation of taxi drivers deserve attention in this regard. This essay will examine the cause-and-effect connections between Uber’s activity in the transportation industry and its meaning for more...
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,...
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...
Profitability Ratios The inflation of prices affects the financial ratios reported by organizations. Companies usually prepare financial reports, either quarterly, semi-annually, or annually. During these different periods, inflation might occur, leading to the distortion of prices (Rashid, 2018). Eventually, failure to reflect real prices of commodities will emerge in the...
Introduction A financial crisis refers to a situation where the assets of financial institutions keep on reducing their value. A financial crisis may occur in banks, at the stock market, or in Mortgage firms. In 2008, the world witnessed a slowdown in economic growth that saw an upsurge in the...
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...
Business cycle can be characterized as the economy-wide fluctuations in the economic activities or production over certain period of time, involving shifts in growth, decline, stagnation and recession. There are a number of cyclical theories of economic development, concentrating on the analysis of these business phenomena, cyclic measurements and stages;...
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...
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...
Introduction Apple Inc. is a technology company that operates in a competitive environment and requires creativity to navigate the dynamic niche. Some of Apple’s main competitors are Amazon, Samsung, Google, IBM, and Microsoft, which leverage social media technology to build mutual relationships with customers. Investment in research and development has...
Introduction The concept of global citizenship represents the idea that an individual can possess extensive knowledge revolving around what goes on in the wider world. Therefore, sustainable and equitable action is taken by global citizens to improve the wellbeing of all people across the globe (“Globalization at a crossroads,” n.d.;...
Introduction “Note on Comparative Capitalism” outlines the opposing concepts of liberal market economies (LMEs) and coordinated market economies (CMEs) which refer to the structures of capitalist systems. LMEs incorporate the focus on competitive markets and the close relationships of their actors (Clayton and Henderson 2015). CMEs, on the other hand,...
Introduction Digicel and Flow are telecommunication companies that provide mobile networks and home entertainment. Digicel has covered more than 33 countries worldwide, including Jamaica, Trinidad and Tobago, Fiji, and Haiti (Golding & Tennant, 2017). On the other hand, Flow, commonly written as FLOW, is known for marketing cable television, telephone,...
Introduction Popular and emerging trends in modern times in the implementation of civil engineering projects are public-private partnerships. Public-private partnership (PPP) is an approach that has gained popularity both in developing and developed nations calling for a detailed study of the approach that is used for developing public service infrastructure....
Abstract Adidas is a multinational corporation operating in the Global Sportswear Industry. The company has recorded remarkable success in the sportswear and sporting apparel business. It is driven by the mission of being the leader in manufacturing and marketing sports shoes, accessories, and equipment. In 2015, Adidas developed an initiative...
Introduction Globalization is an integral part of modern world development, which has an impact on all spheres of people’s life. However, this process affects states differently as some of them receive profit and benefit from it, while others only aggravate their crisis and become dependent on global players. Honduras belongs...
Introduction Human beings are inherently economic beings in the sense that they day in day out seek to satisfy their needs and wants by the way of producing, distributing, exchanging, and consuming goods and services. In fact, complexities of human behavior in the production, distribution, exchange, and consumption of goods...
Among the factors that define economic growth and development, human resources and unemployment are considered to be the most vital. The well-trained and educated labor force has a significant and direct effect on the economy by producing a high-quality product. However, the problem is not only in finding sufficiently trained...
Introduction Purpose and context of the report The prime principle of globalization is featured by the interconnected holistic phenomenon. Due to globalization, the world has become a village in terms of politics, economic endeavors, and cultural interaction. Understanding the position of globalization in the Canadian society requires critical analysis of...
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...
A Turning Point: The Discovery of Oil in 1938 Saudi Arabia is a dry country, and most of its people lived as nomadic pastoralists before the discovery of oil. The government also earned some income from tourism activities as Muslims’ pilgrimages visited the holy city of Mecca. However, the country’s...
Introduction The functioning of the national financial system is reliant on the effectiveness of the management of macroeconomic factors for the stability of the domestic market. In the United States of America, the federal reserve has been established as a tool for regulating the economy of the country and balancing...
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...
Consequently, it is essential to discuss the primary framework of achieving SDGs before adjusting the policies according to specific regions. Mazzucato et al. (2019) examine six transformations that could potentially improve the quality of life in social, environmental, and economic aspects. Namely, the authors emphasize education, healthcare, energy decarbonization, sustainable...
Introduction Engineering Procurement and Construction (EPC) is an innovative strategy applicable to big and complex projects. EPC activities are conducted by specialized contractors who undertake actual work on behalf of the owner. The details of engagement are outlined in an EPC contract, including the control, costs and risks. The EPC...
For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to further our national prosperity by deepening our understanding of the relationship between macroeconomic...
Introduction Performance management is one of the key components of the modern internal business organizational model. As highlighted by Belcourt et al. (2019), employees’ qualifications, professional skills, and commitment to the task are crucial components for long-term success. As these elements play a considerable role, the performance and requirements are...
Oligopoly is a market structure in which a relatively small number of companies or organizations serve a large number of consumers. Along with monopoly, oligopoly as a structure exists in imperfect competition. Because the number of firms in oligopoly is usually extremely small, the profit of each participating company does...
The Ratio Analysis framework is extensively utilized by businesses and provides companies with numerous insights into their financial operations. At the same time, Ratio Analysis has several significant limitations, which include the utilization of past data, the absence of inflation adjustments, and possible changes. First of all, every Ratio Analysis...
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’...
Business leaders apply evidence-based strategies to identify effective processes and initiatives that can transform less profitable operations. The concept of organizational development (OD) guides managers to improve business practices and eventually maximize overall performance. This discussion defines and describes OD as a critical concept for strengthening a company’s culture, processes,...
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 Development is always supported by knowledge and skills proficiency within the workforce. Basically, countries with people who possess skills and knowledge have always registered a higher social, economic, and political growth than those with the majority of unskilled people. This is because knowledge and skills encourage creativity and innovativeness...
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...
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...
Introduction Population demographics are essential indicators of the direction the economy can take when the characteristics and trends of each demographic are considered. America’s population contains several age groups with different economic impacts through their financial habits, including spending and savings. Comparing Saving Rates: Middle-Career Individuals vs. Retirees Baby boomers...
Introduction The Circular Flow Diagram paradigm is a beneficial tool to grasp better how the economy functions. This model’s primary goal is to explain money circulation throughout a market. It distinguishes between the marketplaces for products and offerings and the sectors for these entities’ production parameters. Krugman and Wells (2020)...
Introduction Intermodal transportation implies the simultaneous transportation of a set of goods or one product through different means of transport within the same steel container. Intermodal transportation is highly effective in modern trading systems because it supports the faster and safer movement of goods over long distances. The first-paced 21st...
Introduction Despite having the largest economy in the world, the United States has the highest rates of poverty compared to other wealthy nations. The government uses a specific measure of poverty based on a minimum yearly income to categorize people as poor or not to decide who is eligible for...
Introduction The French socio-economic model’s specificity is the state’s traditional high role in the economy. After the Second World War, indicative economic planning and a comprehensive social protection system were created, and by the mid-1980s, as a result of three waves of nationalization in 1936, 1945, and 1982 the largest...
Introduction Banks in the United Kingdom are generally associated with the Big Four and the traditional banking and financial accounting approach. However, since 2015, applicant banks have been actively obtaining a license, often without physical offices to serve clients occupying specific niches in lending, clearing, mortgages, and business financing (Blomstrom,...
Globalization in business is the state where the products and services produced by companies gradually become the same globally (Ifigeneia & Dimitrios, 2018). The social media concepts have become one of the main agendas used by most business executives to promote Business through media platforms and online services to allow...
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...
Accounting and Managerial Finance JD Sports Fashion Plc., established in 1981, has shown great success since it’s an FTSE 250-listed sportswear retailer in the UK and Ireland (Rapley, 2017). The organization’s headquarters are in the UK. The company has developed an online platform for marketing activities where products are displayed...
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...
Globalization contributes to establishing relationships between individuals, independent social objects, and phenomena, embracing all spheres of people’s lives. Some people consider globalization a threat to national cultures. Others believe that free trade between states implies prosperity and economic growth of all nations and businesses. That is why it is difficult...
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...
The financial technology (Fintech) industry has grown tremendously in recent times. In the past, Fintech firms used open source components to run data centers and build products. They have reaped multiple benefits from this, including reducing costs and providing flexibility for their businesses. Banks can also use open source software...
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...
In the contemporary world, there are two opposite opinions regarding businesses’ ethical conduct ensuring. One part of society believes that the marketplace is self-regulating and any external interventions are not necessary as they do not provide equality between business owners. Simultaneously, others state that government regulations are essential and beneficial...
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...
The capitalist system is a generally accepted norm which functions successfully in the modern world. However, Marx presented the alienation of labor, which is one of the capitalist features, as the process is contrary to human nature (Vidal et al., 2019). The reason for the emergence of such a phenomenon...
The concept of the value of goods was one of the most actively discussed topics by economists in the 18-19th century. In “A Study of the Nature and Causes of the Wealth of Nations,” published in 1776, Adam Smith voiced the question that would later become known as the diamond-water...
