2498 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...
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 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...
A lot of attention is paid today to the process of globalization, but the general public often lacks understanding of this concept and its influence on the world. In general, globalization is expected to modernize communities and provide them with international recognition. Globalization is often characterized by the usage of...
Introduction 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...
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 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...
Introduction This paper discusses the economic concept of ‘balance of payments’ and how it impacts the economy of a nation. Firstly, the term is explained through its various components and then the implications of a negative balance of payments are explained. Balance of Payments The balance of payments (BOP) is...
The 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 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...
In the book, The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade, Pietra Rivoli endeavors to simplify the intricacies surrounding international trade by focusing on a single product, a t-shirt. This narrowing of an otherwise broad topic allows the...
Are you looking for 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...
Financial intermediaries are institutions providing indirect means for funds from a party that wants to lend or save to a party that wants to borrow or invest. These are commercial banks, government programs, pension funds, mutual funds, investment banks, rating agencies, etc. Some experts note that advances in computer technology...
Introduction The epoch of British colonialism in India was characterized by considerable changes that influenced Indian life and still echo nowadays. Today’s Indian economy is the result of a complicated period, where traditional order mixed with the British one and dissolved in it forever. The problem of the impact of...
Introduction 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 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,...
In my view, economics can neither be defined fully as art nor can it be classified as a science. This indicates that it contains both aspects and portrays characteristics depicting it as an art and a science. Economics is a field of study that involves analyzing the production, distribution, and...
Introduction Today, the global economy can be characterized by the increasing tendency of internationalization. These changes can be explained by the free movement of goods, people, and resources, the growing importance of international trade, and the overall trend of globalization in many spheres of business. Companies worldwide start to target...
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...
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 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...
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,...
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,...
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...
Abstract Globalization refers to the growing interconnectedness among global societies, economies, and cultures, primarily due to increased trade in goods and services, foreign investment, exchange of knowledge and information, and immigration. This phenomenon has affected employment and trade significantly. It has increased wage inequality and destroyed jobs, especially in manufacturing....
Introduction 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 The video by Zohari (2020) evaluates how globalization impacts developing countries. The most debated issue in the modern world is globalization, with some people supporting and others opposing it. Some people consider globalization as a process of opening up economies to facilitate free trade. For them, a high rate...
Introduction The advent of the Internet has provided some major breakthroughs. VoIP and visio-conferences eliminate the limitations businesses encounter due to geographical boundaries largely. These provide opportunities for various business houses to advertise, share information with their collaborators, receive feedbacks on their products, equipping them with the cutting edge technologies...
Introduction 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...
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 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...
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...
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 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 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 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...
Perfect Competition: The Egg Market I do not remember seeing an individual egg producer’s advertisement and I do not anticipate coming across one in the near future. This is primarily because the egg market is a perfectly competitive market. In this regard, the producers of eggs (and consumers too) are...
Introduction In 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 primary component of Islamic Banking is that the risks of financial dealings should be equally shared between the depositor and the investor, who are bank and its customers. Contrary to the practice of charging interest on any loaned money by most financial institutions, under Islamic banking, it is illegal...
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...
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...
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 In Chapter 7, Wheelan provides an overview of the basic mechanisms of financial markets. The ideas presented by the author can be used to discuss this case study. The chapter is also written in a manner that ensures numerous illustrative examples, which helps to understand the notions, mechanisms, and...
Introduction Many years have passed over with worlds states struggling for better ways in which they can bring about beneficial integration through the globalization of many fields. The results of such struggles have yielded numerous changes mostly in the fields of technology and communication. The introduction of such globalize ways...
Introduction The price of a commodity in the market is determined by factors such as own price, price of substitutes, price of compliments, and consumer tastes and preferences, among others. For a normal good, an increase in its price decreases its demand. Substitutes are commodities that serve the same purpose....
The article under focus is “What Can the Playstation 5 Teach Us About Economics?”. It was written by William Chon on November 12, 2020. The author explores the case of a sudden rise in price due to the high demand for the product. The product itself is a home video...
Capital investment is fundamental for any organisation to help in promoting the effectiveness of its operations. However, the investment usually requires a lot of capital. Therefore, organisations have to find ways of raising adequate monies for that purpose. Jay-Hyung et al. (2020) state that capital funds can be raised in...
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...
Introduction The United Arab Emirates is the second-largest economy in the Arab region. It comes closely behind Saudi Arabia. Currently, UAE is the eighth largest oil producer in the world. The country maintains a free market system. The open system gives the nation means that investors from different parts of...
Introduction 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 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...
The 1990s saw the term globalization become more apparent in the west mostly in the disciplines of politics, sociology, mass media, and economics. Various definitions have been developed in an attempt to fully capture all the elements inherent in the process. Generally, it is seen as the process through which...
The 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...
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...
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...
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...
Regarding human rights abuses, Morocco, which is ranked 39 on the index, proposed an emergency law that denied citizens their right to movement, as well as assembly and free speech. Furthermore, the act was applied as legal protection targeting government critics and advocates of human rights. Thus, companies that would...
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:...
Nowadays the phenomenon of globalization can be described as a dominating power behind major political, business, and sociological developments all around the world. From day to day global economy, politics and culture become more and more autocratic in every land. The process of globalization inevitably affects governance all over the...
In today’s world economy, there is only one rule that can be applied to a free market: supply and demand. In this case, the free market has nothing to do with corporate social responsibility. Milton Friedman’s philosophy was also based on the idea that despite the claims of large companies...
Introduction 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...
Introduction Capitalism represents the dominant economic concept in modern reality, based on private property, the competence of actors, and the principle of supply and demand. The role of the state in the capitalist economy is reduced to protecting the rights of citizens and creating a safe and comfortable environment in...
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...
The paper tries to detail why it is a requirement for companies to adhere to the generally accepted accounting principles when following the rules of financial reports. Starbucks has been used in the paper as an example as they are a major company that adheres to the set standard all...
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 Transportation firm Uber Technologies was formed in San Francisco by Travis Kalanick and Garrett Camp in 2009. Its founders ascribed the idea to a previous incident in Paris when they could not get a taxi. Transportation, delivery, and courier services are areas where Uber has a strong availability. The...
Introduction 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,...
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 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 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 America, the majority of citizens wish to live the elusive American dream. However, the idea of being financially comfortable does not always come true for everyone, especially for families living below the poverty line. It is even harsher on children who live in such families. In the PBS documentary,...
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....
This research article discusses the role of the bank either knowing or unknowingly in laundering the money obtained by cheating. When massive money is transferred, banks should exercise utmost caution so that they cannot be later accused that indirectly helping the cheaters to cleanse their dirty money. Banking has now...
Introduction Through technological, economic, and social development within world economies, the resent time phenomena demonstrates a state where integration in these areas is increasingly binding countries and economies together such that the world becomes more or less a global village. Thai, Rahm and Coggburn (2007, p.2) indicates that globalization involves...
Introduction 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...
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 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...
Introduction The concept of globalization closely links to the interchange of ideas and cultures across different communities. Food preparation methods vary from culture to culture, and until now, each community has been known for its distinct cuisine. People may now move throughout the world more quickly because of globalization. One...
Introduction International management involves the process of monitoring business activities in different parts of the world where the business operates. It consists of studying and understanding the business environment of various countries and understanding the culture and currencies of the country where the company is operating. Business representatives in multiple...
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...
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...
Bretton Woods or adjustable pegged system can be described as a “semi-fixed exchange rates system” (Carbaugh 460) that has allowed tying different currencies to each other thereby facilitating interracial financial transactions. The main advantage of the adjustable pegged system is the elimination of uncertainty and risk related to fluctuations in...
Introduction The 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...
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...
Expansionary and contractionary fiscal policies are the two tools implemented by the government to control economic growth. They both use government spending and tax policies to regulate the flow of money. The expansionary policy reduces taxes and increases government spending to increase the flow of money to the economy, while...
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...
Introduction The notion of “globalization” is related to the process of enlarging cross-border transactions and interactions in political, socio-cultural and economic spheres. It describes the denationalization phenomenon which tends to be perceived as a political project. Globalization in the international political system is considered to be centralized due to its...
Introduction The Global oil industry is the industry that encompasses the process of acquiring oil through exploration, extraction, refining, marketing and distribution on a global level. Oil is a major source of energy and has been referred to as ‘Black Gold’ because it is vital to many industries and the...
India is a diverse country located in Asia. Many languages are spoken in the country and the country is very rapidly coming up as far as the economy is concerned. The population of the country is the second-largest in the world, some people look at this as a negative but...
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...
It is essential to note that rational choice theory is a concept that explains the rational behavior and choices of individuals in pursuing the opportunities available to them in society. Individuals rank these opportunities according to the degree to which they serve their goals (Blossfeld & Prein, 2019). They follow...
Introduction The 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...
Introduction It is hard to disagree that there is probably nothing universally positive or negative in this world. Everything has a price, and many processes that allow countries to develop also require people to pay for this development. Globalization is a unique and significant process that erases the borders between...
The Great Recession is fairly described as a horrendous financial collapse that left millions of families with fewer money or even deeply in debt, it also caused multiple companies to go bankrupt. Remarkably, nearly 8 million Americans lost their jobs, 4 million homes were foreclosed, 2.5 million businesses were closed...
Introduction The mixed economy contains the characteristics of three other models: traditional, market, and command. The definitive version of it is supposed to include the best options from these systems in order to make the living comfortable for the private sector, the government, and the nation. However, in the modern...
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...
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 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 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...
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...
Introduction In business economics, other than the mathematics involved, some factors must be considered significant considerations when making conclusions. One pertinent consideration is the fact that financial decision-making is different from others. As one of the best business economists, Adam Smith highlighted this in his book The Wealth of Nations...
Abstract The growing demand for eco – friendly consumption has prompted various experts to study the factors that influence organic food purchase. The majority of these studies are based on customers’ self-reports of their purchase behavior, which is investigated through expressed subjective norms. In Hong Kong, there is a dearth...
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...
Production Possibility Frontier graphs are widely used both in macroeconomics and microeconomics. For the first case, the graph might show the level of efficiency in the production of several goods for a nation, for the second—is for a company (Krylovskiy). In the paper, a graph that reflects the hypothetical PPF...
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...
The dependence effect refers to the way people’s wants are hinged on the process by which they are satisfied (Galbraith 159). Galbraith in his book explains the notion of dependence effect, in an attempt to criticize the economic outlook of demand theory that wants do exist on their own. This...
Introduction The 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...
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)...
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...
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...
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 As the company for analysis, Walmart has been selected, the largest retail organization providing retail and wholesale services. In addition to goods coming from suppliers, the company is also a manufacturer of its own products. As a product for evaluation, the Walmart-branded Equate pharmacy and beauty product line will...
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...
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 Nobody can convince Charles Johnson that the world is not flat. Not when it looks that way from his front yard. His home in South California stands on a hillside. Everything within several miles of his home is visible from this position. He can see the Mojave Desert, Lancaster...
Introduction This paper will summarise the book A practical guide for policy analysis: The eightfold path to more effective problem solving (2nd ed.) by Eugene Bardach. Discussion Part I Based on old models to research and systems analysis, Bardach (2005), took-off and proposed the eightfold path to more effective problem...
Abstract This paper outlines the knowledge management in the context of globalization and using personal experience with virtual learning. Both the class theory of organizational knowledge management and innovational strategies are reviewed. Companies will be able to use distance learning and other applications or platforms to spread expertise and competencies...
Introduction The Microsoft Corporation stands out in its market position as the number one supplier of computer operating systems whereas the company holds a significant market share worldwide. In the course of its operations, Microsoft has faced legal problems in connection to its monopolistic tactics. In 2003, a United States...
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...
Introduction Economic integration makes international trade easier through the removal of trade barriers and tariffs. With economic integration, good and services, labor, and capital find their way in the country where they can be put into maximum use. Increase in mobility of factors of production faces some negative challenges especially...
Main economic factors that determine price of good or service According to Connor (2006, p. 64), price determination is dependent on demand and supply of goods and services. In economics, price depends on the balance between these two forces. However, there are also other several micro-economic factors that determine the...
There are various definitions and assertions as to what constituted the transition period. According to Marx, the transition period was a time when the means of production was brought into common ownership by the working class using the power of the state. In other words, it was a period when...
Brazil is becoming an economic powerhouse in the world today. This country has continued to enjoy a stable economic growth for the past 15 years (Sachs). Brazil has been opposing the industrialized world on many issues such as global warming and climate change. Brazil embraces the best economic practices and...
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...
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,...
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...
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...
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...
Introduction Culture is an integral part of human life and one of the principal characteristics of every country. Its evolution is conditional upon international processes collectively known as globalization. Cultural globalization is considered as “the geographic mobility of cultural products and influences across national borders” (Purhonen et al., 2019, p....
Explain clearly how the natural rate of unemployment is determined in a wage-setting and price-setting model of the labor market In determining the natural rate of unemployment, analysts focus on evaluating price and wage settings in the labor market. In this regard, they analyze price relations within the scope of...
Introduction Changes in prices of goods and services are triggered by shifts in demand and supply. In other words, prices of goods are determined by the interaction between supply and demand. Market equilibrium occurs when buyers purchase exact amounts of goods sellers are willing to sell (Welch & Welch 2009)....
Introduction Acquisitions increase the company’s revenues and market segment base. The research shows that Tesco Plc generated the increase in revenues by expanding its market base. The company acquired several companies to increase its market share. The company ventured into marketing diverse products to retain its leadership in the grocery...
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...
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...
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 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...
Introduction Apple Inc., a California-based corporation, develops, manufactures, and sells laptops, mobile phones, and media devices through digital stores, retail outlets, and third-party agents globally. The company also offers related consumer and professional software, apps, digital content (Apple music, TV, and e-books), and diverse accessory services. Among Apple’s top brands...
The delineation between the public and private sector is often emphasized in legal regulations and requirements, yet the differences between the two may not be visible to a side observer. Indeed, the similarities that the public and private sector share place them in the same economic context, allowing both publicly...
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 Abu Dhabi Commercial Bank was founded in 1985 and is currently the third-largest commercial bank in the United Arab Emirates by Assets. Abu Dhabi Commercial Bank is a UAE-based public joint-stock company that operates in the commercial bank sector. Most of the Bank’s shares (about 65 percent) are owned...
Introduction Countries vary by many socio-economic parameters, such as population density, natural resources, climate, technological advancements that allow them to specialize in various production areas. Due to specialization, some economies create an oversupply of one product category but experience the lack of another. Thus, international trade takes place when one...
Introduction We start our discussion by trying to understand the Asian market as a whole. Asia as a continent that has grown in all aspects including its economy; this growth is not unique to the region but was also realized in other parts of the world. The economic development of...
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 inequality in financial matters, socioeconomic policies and the public domain has become a global concern. Russia has moved from the Soviet era of populism to abject poverty and extreme riches. The fast financial development that Russia has encountered in the previous decade did not cause any change in...
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....
Introduction Multinational Corporations are complex in their operation (Jones, 2004, p.45). This arises from the fact that they involve a number of business units that are autonomous in their operation (Bohlander & Snell, 2009, p. 659). In their operation, MNCs are required to respond to diverse foreign issues such as...
Introduction PepsiCo is a corporation that includes a number of brands selling processed foods and beverages. The most famous products of the company include Pepsi-Cola, Mountain Dew, Cheetos, Doritos, and Lay’s. Other recognizable names are Tropicana, 7 Up, Lipton tea, and Mirinda (The Street 2017). The current state of the...
