Factors Affecting iPhone Supply and Demand Curve

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....

Comparison of Theory of Value: Adam Smith and David Ricardo

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!...

The Theory of Absolute Advantage and Its Limitations

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...

The Travels of a T-Shirt in the Global Economy: Review

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...

Perfect Competition as a Market Structure

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...

Nike’s Demand and Supply Factors: A Market Analysis

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...

Economic Development and Its Elements

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...

Impacts of Globalisation on Domestic Business

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...

Working in Public Sector vs Private Sector: Essay Sample

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,...

Consumer Decision-Making Process: Case Study

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...

Globalization’ Positive and Negative Effects

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...

Is the Customer Always Right?

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...

Economy of Scale in Transportation Industry

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...

PESTEL Analysis of India: Political Factors

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...

Credit Card or Cash: Which To Use?

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,...

Neoliberalism’ Advantages and Disadvantages

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...

The Impact of the Internet on Banking

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...

Agriculture and Its Role in Economic Development

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...

Understanding the Differences Between Public and Private Budgeting

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...

Economics as Both Art and Science

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...

Globalization and Its Impact on Society

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...

Perfect and Monopolistic Competition in Markets

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...

The Effect of Income Changes on Consumer Choices

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...

Globalization and Its Ethical Implications

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...

The Great Recession: Fiscal Policy and Aggregate Demand in the USA

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...

What Can the Playstation 5 Teach Us about Economics?

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...

Commercial Agriculture, Its Role and Definition

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...

Regression Analysis of Keynesian Consumption Function

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...

Contemporary Globalization and Its Impact

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...

JD Sports Fashion Plc’s Financial Analysis

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...

Information Systems Evolution in the Banking Industry

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...

World Trade Organization’s History, Achievements, and Challenges

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...

The United Arab Emirates Exchange Rate Regime Analysis

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...

Uber’s Business Model and Economic Concepts

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 Inflation Impact on Society

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...

The Balanced Budget: Arguments For and Against

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...

The Importance of International Trade

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...

How Urbanization Affected Istanbul’s Residential Development

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...

Company vs. Government Budgeting Processes

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...

Impacts of Globalization on the Developing Countries

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...

Nestle: Internationalization of Business

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...

Elasticity of Demand: Definition, Types, Formulas

Introduction Price elasticity refers to “the percentage change in the quantity demanded caused by the price change” (Arnold, 2015, p. 505). This is a key concept in economics and is used by companies and business analysts to predict the impact of price changes on the quantity of products or services...

Monopoly: Types, Elements, Effects

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...

Spent: Looking for Change

The issue of debt is the most pressing problem that unites the subjects of Spent: Looking for Change. The first subject of the documentary, a young man named Justin reflects on his poverty-stricken childhood and discusses his aspirations of having a successful production company and building a life with his...

Evaluating Intra-Industry Trade (IIT) Indices: Implications for UK-USA Trade Policy

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...

Maritime Economics and Shipping Industry

Introduction In the shipping industry, there are four inter-linked markets which relate to each other in various capacities. For example, the transportation services being offered in sea transport are dealt with in the freight market. Ships that have been newly built and are being ushered into the market for the...

The Difference Between Standard Loan and Discounted Loan

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...

Netflix: Macroeconomics Research

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...

Policy Analysis According to Bardach

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...

The Cournot Model Definition

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...

Corruption in South Africa: Causes and Effects

In the past years, South Africa has registered several cases where public resources have been used for private gains and increasing favoritism that makes the majority of qualified and experienced citizens unable to secure job opportunities. Based on the report findings of the Zondo Commission and Crimewatch, the issue is...

The Concept of Consumerism and Marketing Strategies

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...

National Differences in Political Economy

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:...

The Economy of Japan

State of Economy Japan has been known as one of the countries with the most advanced economy and the best-developed entrepreneurship. In 2017, Japan’s GDP reached $4.873 trillion, which made it the world’s third most economically prolific country in the world (Central Intelligence Agency). Similarly, other economic indicators have proven...

Housing Discrimination in the United States

Introduction In the United States, housing discrimination refers to historical as well as present policies and biases that act as barriers towards equitable access to housing. It became more prominent after slavery was abolished in 1865. It was among the provision of the Jim Crow laws that promoted and fostered...

Consumerism: “On Dumpster Diving” by Lars Eighner

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....

How Brand Image of Digicel and Flow Affects Customer Loyalty

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,...

Globalization’s Role for Developing Countries: Zambia

This paper is a reflection of the module about the global environment of business. No doubt, such tendencies as globalization and the continuous extension of corporations are gaining popularity and have already revealed some results. In this paper, the results of globalization and its positive and negative consequences are discussed...

The Effects of Globalization to Employment and International Trade

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....

Vicious Circle of Poverty

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...

The Economy of India

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...

Impact of British Colonialism on Indian Economy

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...

Banking Merger, Its Benefits and Consequences

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...

The Forgiveness of the Student Debt

The issue of student debt is clearly one of the most important issues that we face today. There are many different proposals as to how to deal with it, but it seems that the best decision that can be made would be for the government to appropriate the debt of...

National Income: Concept, Measurement, National Income and Social Welfare

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...

Description of Rational Choice Theory

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...

Uneven Distribution of the 1920s Economic Prosperity

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...

Ratio and Financial Statement 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’...

Consumerism and Materialism

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...

Fundamental Financial Analysis: A Case of Adidas

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...

Monopoly, Its Definition and Characteristics

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)....

The US Economy of Today

Introduction The world’s largest economy has been a subject of very heated debates among political and economic analysts. Why? Because recent trends in the economy as portrayed by key performance economic indicators have shown some bit of laxity in the economy as compared to earlier robustness of this economy. Some...

Low-cost Economy: Companies Benefits and Drawbacks

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...

Reasons Behind Creation of Equity

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...

Information Technology and Banking Sector

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,...

Monopoly: Characteristics, Advantages, Disadvantages

Monopoly can be defined as a situation whereby a single individual or firm has adequate control when it comes to supplying a specific good or service to be able to considerably determine the conditions on which other individuals or firms will have access to them. Monopolies are characterized by an...

Resource Based View Strength and Weakness of a Firm

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...

The Global Oil Industry Overview

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...

Importance of Standard Costing System in the Modern World

Standard Cost System: Introduction Standard costs are set (target) costs expected to be incurred when a company operates under efficient conditions (Drury, 2008). The main function of standard costing is to eliminate wastage of resources during operation and increasing efficiency during operation. Standard costing is generally best applied to companies...

D. M. Pan National Real Estate Company’s Housing Price Prediction Model

Introduction This report was commissioned by the CEO of D. M. Pan National Real Estate. The purpose of this report is to provide a benchmark price for square foot of real estate based on the statistical analysis of the real estate prices in the US in 2019. The central question...

The Malthusian Theory: A Critical Overview

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...

Cash and Credit Cards: Comparative Analysis

Introduction The modern world allows people to use more than one type of money to participate in trade. Currently, cash and card payments coexist, although there is a significant trend in favor of greater use of bank cards (Boden et al.). In addition, other payment methods are developing, allowing people...

Barclays Bank’s Strategic Analysis

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,...

How Social Influence Affects Consumer Behavior

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...

International Finance. Motivation and Management

Introduction The purpose of this report study is to determine the reason as to why the United Kingdom decided to stand apart from the unification of European currencies as well as to determine as to whether the decision was beneficial to the United Kingdom.Also the purpose of the study determines...

Consumer Behavior: Person’s Age or Generation

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...

Is the Right Price a Fair Price

“Prices should reflect the value that consumers are willing to pay. Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service.” The pricing strategy of firms is influenced by the type and lifecycle of the product. Consumers’...

The Life-Cycle Permanent Income Model: Understanding Consumption and Saving

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...

Economic Development of Bangladesh

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...

Corruption in Africa: Causes and Solutions

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...

Capital Budgeting Techniques and Processes

Introduction Capital budgeting entails identifying projects that will bring value to a business. It can encompass a wide variety of activities, from land acquisition to the acquisition of fixed assets such as a new truck or piece of machinery (Mohan & Narwal, 2017). Businesses are often obligated, or at the...

The Toronto-Dominion Bank in the Industry

Which company are we looking at? The Toronto-Dominion (TD) Bank Where does it take place? In Canada What is the time frame? In 2021 What industry are we analyzing? The paper analyzes the banking industry but with more focus made on digital banking External Analysis (PESTEL + CDG) Political Factors: The...

Foreign Direct Investment and Multinational Corporations

Introduction In the 21st century, global economic activities have acquired an unprecedented scope, which is enabled by rapid technological progress. Communication and transportation have become easier than ever, bringing nations closer together and promoting the international exchange of goods and services. In this regard, prosperous companies have been actively developing...

Finland: Country Review

Introduction Finland has a long history, with its people having rich cultural heritage, strong economic background, and a relatively stable political environment. The country enjoys a close relationship with the United States, particularly because of its geographical location and history. The country is endowed with numerous natural resources, which have...

Oligopoly Market Structure and Market Control

An oligopoly market structure occurs where few large sellers (Pindyck & Rubinfeld, 2001 p. 446) dominate an industry. In the United States, there are few mobile manufacturing firms. The major firms include Nokia, Samsung, Motorola, LG, and Sony Erickson. Due to advancements in information technology, the need and use of...

Bretton Woods System, Its Pros and Cons

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...

India vs. UAE: Comparative Analysis of Key Economic Metrics

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...

Globalisation Impact on Mobile Communications

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...

Circular Economy as an Emerging Trend

Introduction The trend that appears one of the most significant for organizational and societal future on the global scale is circular economy. Simply put, it is a mode of production that makes the most use of recycling, eliminating waste and reusing it in a fashion that can be described as...

The Rise in Prices of Used Vehicles

Prices of Used Vehicles Used vehicles have had one or more retail owners in the past. The price of these cars soared by 42% from December 2019 to October 2022, based on the U.S. Bureau of Labor Statistics (Vincent). Over the past year, prices of used cars have skyrocketed by...

Consumers’ Buying Behavior and Social Media

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...

Immigration: Causes and Effects

Introduction For a long time, immigration has been a significant policy subject in the United States, with numerous reports and studies conducted on its motives and implications. Immigration is the movement or relocation of people from one country to another. Factors that promote immigration can be categorized to economic, social,...

ABC Manufacturing: Analysis of the Budget Case Report

Budgeting is essential for large companies’ strategic decision-making, recourses allocation, and determining risks and opportunities. Income and expense estimation enables the teams to set priorities, adjust their operations, and initiate activities that affect every employee (Schmitz, 2020). In the ABC Manufacturing case, budgeting addresses the general aspects, such as expenses,...

Punjab National Bank Housing Finance Company: Case Analysis

Punjab Nation Bank Housing Finance Limited has experienced stagnant growth since its incorporation with other partners in 1988. It has been experiencing different challenges that led to the low rates of market share. The company had a small loan portfolio which resulted in its low performance. The bank also had...

Ways to Measure Economic Profit

Profit is usually perceived as earnings and measured by subtracting costs from revenues. However, there are different types of costs: explicit and implicit. Explicit costs can be directly measured and expressed in monetary terms, for example, wages, rent, and utility costs (Orsag & Džidić, 2018). Implicit costs refer to the...

ABC Company’s Financial Analysis and Capital Budgeting

Introduction Capital budgeting is an integral part of corporate finance. Businesses are in perpetual strife to increase shareholder value by increasing revenue or profits. This endeavor is achieved by venturing into new investments and starting projects. Most of the time, companies will have multiple ideas at the same time on...

Stock Market Crash of 1929

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...

HSBC Bank and Barclays Bank: Comparison and Risk Exposures

Introduction The overall effect of the global financial crisis was making all financial institutions including the multinational ones experience threats of collapsing. The crisis “played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of the US dollars, and a downturn in economic...

Microeconomic Analysis: Walmart

Production and Costs The Walmart-branded Equate pharmacy and beauty product line is the target product to analyze. These products are presented in a wide range and include cosmetic goods for body care and therapeutic drugs to maintain health (“Quality care begins here,” 2020). The factors involved in the production process...

South Korea’s Chaebol Analysis

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...

Capital Structure and Cost of Capital in Telecom Sector

Introduction This paper has chosen Vodafone plc (or “Vodafone”) and British Telecom plc (or “BT”) under the telecommunications industry for purposes of comparing capital structure and cost of capital. This will also study the impact of industry and economic conditions for the pair of companies and will explore the current...

Public-Private Partnership

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....

Comparative Advantage and Free Trade

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...

The Demand and Supply of Goods and Services

The demand and supply of goods and services correlate as they are the two strengths in the market that determine the prices within the economic framework. Economics greatly relies on the demand and supply of goods and services as it is a social discipline that handles their production, distribution, utilization,...

Competitive Market Hypothesis: Croatian Companies

Introduction This paper reports on time series analysis of the persistence of profits of 97 Croatian Companies from 1995 to 2005. This report is unique in the way it is conducted in Croatia. Although, many such researches are conducted in various parts of the US and Europe, a study of...

Banking, Its Ancient and Modern History

Introduction The history of banking dates back to Ancient Greece and the Roman Empire. The first prototypes were created by merchants around 2000 BC in Assyria and Sumeria. During the Roman Empire and in Ancient Greece, banks were primarily based in temples. Lenders accepted deposits, issued loans, and changed money....

Chapter 9 of “International Business” by Hill

Chapter summary This chapter talks about what foreign exchange is and explains the meaning of a foreign exchange market, shows how the market works and indicates the forces that determine exchange rates, explains the association between exchange rates and international business and highlights the functions of the foreign market. Foreign...

“The Globalization of Markets” by Theodore Levitt

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...

Economic Characteristics Comparison: UAE and India

About the Economies The UAE The UAE was established in 1972 after the merger of six states. The UAE has a vibrant economy. Its performance can be compared to nations in the European region. The country heavily depends on the production and sale of oil, other oil equivalent products, and...

Price, Income, and Advertising Regression Analysis

Introduction As a definition, regression analysis is a statistical tool that is used to develop and 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. The model generated is...

Globalization Impacts on Trade and Employment

Abstract Globalization refers to the integration of the world markets. It facilitates smooth movement of goods and people from one country to another. Globalization has numerous impacts on trade and employment. Establishment of commerce agreements enables multinational corporations to engage in foreign direct investment. The companies relocate the production processes...

Robert Shiller’s Views on the Efficient Markets Hypothesis

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...

“Profit over People” by Noam Chomsky

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,...

Impact of Intra-Industry Trade Index on UK Trade Policy

Introduction Hello and welcome. I am your host and today we will be talking about UK trade policy implications from calculating the intra-industry trade (IIT) index. This is an important matter, so ensure you listen in all through. Trading between different stock market indices or IIT is common. Most investors...

Digital Wallet: Impact on Consumer Behavior

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...

The Challenges for Intermodal Transportation in the Twenty-First Century

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...

Principles of Microeconomics

Understanding a company’s opportunity costs is crucial for identifying the optimal course of action in terms of investments and funding. The evaluation of opportunity cost would necessitate comparison of the costs and benefits accruing from each action made versus alternatives. The simulation depicted in Figures 1.1 and 1.2 compares the...

Analysis of Sustainable Development Goals

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...

New Evian Water Product and Customers Analysis

Evian drinking water is a sort of bottled water produced by the French company Evian Inc. As mentioned by the producer, water is collected from the French Alps consisting of naturally occurring electrolytes and enhanced with zinc and magnesium. Water costs $12.53 for six one-liter plastic or glass bottle. As...

Application of Some Economic Principles to Real Life Economic Situation

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...

12th Five-Year-Plan and Its Results in India

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...

The Global Citizenship Concept

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.;...

Consumer Analysis of the Charmin Brand

“Charmin” is an American toilet paper brand manufactured by Procter & Gamble. It has a wide range of products, business strategy, and active promotion, which creates a competitive advantage, allowing it to occupy a leading position in the sales market. A variety of choices makes it possible to attract different...

US Budgeting Process

Introduction The federal budget of the United States consists of the spending and revenues of the U. S. federal government. As of now, the US government’s primary expenses include healthcare, retirement, and defense programs. Among the leading trends of the last five decades, the nonpartisan Congressional Budget Office reports the...

Laptop Market Segmentation

The first customer category that is likely to be interested in a laptop is travelers. Their primary interest would be portability, which all such products provide to some degree by default (Idemudia, 2018). As Muller (2020) adds, they are also interested in battery life and screen brightness, as they expect...

The Old and the New Economy Characteristics

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 Kitchin Cycle in Modern Economy

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;...

Causes and Consequences of The Great Depression

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...

The Types of Economic Systems

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...

International Trade and Investment

Although international investment continues to influence growth in the global economy than trade, it has developed without the necessary presence of a formulated international system of rules according to Aaronson (2004). In fact, policymaking in this field has been without success. This is for example due to reasons of disagreement...

The Effects of Globalization on Sports

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...

The Golden Arches Theory of Conflict Prevention

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...

India’s Economic and Social Progress

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,...

Neoliberalism in the Film “Wall Street”

The modern world in its social, political, and economic manifestations has gone through a series of ideological changes throughout centuries of its existence. Overall, the search for an ideal type of government has always been a never-ending process due to the evolution of thought and constant willingness to change the...

International Financial Reporting Standards Foundation

The IFRS Foundation is a non-governmental and non-profit making organization whose principal objectives are directed to the interests of the general public (IFRS 2011). The organization aims at developing a set of high-quality products and easy to comprehend globally accepted international financial reporting standards through the organization’s standards-setting body, IASB....

Adam Smith and the Invisible Hand

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...

The Impact of Globalization

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...

Saudi Arabia’s Economic Transformation: Challenges, Vision 2030, and Future Prospects

Introduction The Kingdom of Saudi Arabia is commonly known for producing and exporting oil. It is the largest county in the Arab world, covering a land area of about 2.15 million square kilometers and approximately 28 million inhabitants. The country’s capital and financial center is Riyadh city, in the middle...

Budget: Apple Inc. R&D Project Funding

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...

Credit Cards: Benefits and Disadvantages

Benefits of Using Credit Cards One advantage of credit cards is that they help in building creditworthiness. Information about credit card usage is obtained by card companies and relayed to credit bureaus. If a person uses their card responsibly, it will enhance their credit score. Secondly, credit cards provide one...