Businesses strive to achieve the maximum possible revenue to stay competitive. This essay will compare profit maximization strategy with satisficing. Maximization implies a continuous chase for the highest possible profit margin (Qiu, Bai, and Lu, 2020). It allows a company to gain a competitive advantage at the cost of significant...
Topic: Economics
Words: 382
Pages: 2
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...
Topic: Economics
Words: 838
Pages: 3
To some, the coexistence of the free market and politics of a democratic nature are inherently connected and cannot exist without one another. However, in recent years, the question has shifted into asking whether the two are compatible. It is also vital to understand that both capitalism and democracy have...
Topic: Capitalism
Words: 1130
Pages: 4
Introduction In the modern world, economics is all about distributing labor and wealth to consider the welfare of others. The concept that an economy will thrive in an environment where all economic players are treated well brought about economic justice. To achieve economic justice and eliminate the inequality created by...
Topic: Justice
Words: 1459
Pages: 5
Evaluate Theories of International Development International development focuses on engagement with economically deprived regions to empower its people to improve their welfare by addressing the causes and impacts of poverty. Modernization theory is among several ideas used in international development, and it became prominent in the 1950s and 1960s in...
Topic: Economics
Words: 2769
Pages: 10
Introduction Financial reporting in the corporate world is both a necessity and requirement. According to Woefel, financial reporting is done in the form of financial statements that in some cases are referred to as monetary statements (1994, p 48 ). Financial statements help investors to determine the health of a...
Topic: Economics
Words: 2768
Pages: 10
Michael Porter’s Theory of the National Competitive Advantage of Industries MichaelMichael Eugene Porter has written over 20 books and other works that had a significant influence on the world of economics. In the 1980s, he published his article Competitive Advantage, which shortly revolutionized the field. However, his fundamental work, The...
Topic: Economics
Words: 1058
Pages: 4
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...
Topic: Laptop
Words: 295
Pages: 1
In his article entitled “When and Why Nationalism Beats Globalism,” Jonathan Haidt explains why right-wing populism is increasingly gaining popularity in Western democracies. The article starts with the author citing the rise of Donald Trump in the US and the assortment of right-wing parties in Europe following the June 23...
Topic: Nationalism
Words: 358
Pages: 1
A conventional company is divided into different departments. Each of them faces unique challenges that vary depending on the nature of its processes. One of them is the financial department. Some of the issues faced by managers in this arm of an organization have to do with cash flow, approval...
Topic: Challenges
Words: 905
Pages: 3
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...
Topic: Economics
Words: 4131
Pages: 15
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...
Topic: Economics
Words: 665
Pages: 2
Consumer behavior is affected by numerous factors such as brand loyalty, its remarkableness, consumer’s income, preferences, memory, emotions, to name just a few. Talking about my perspective on the issue, I should admit that my choice is guided by the attitude to the brand. Below, I will describe more precisely...
Topic: Economics
Words: 328
Pages: 1
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,...
Topic: Economics
Words: 642
Pages: 2
Introduction The phrase ‘subprime mortgage crisis’ became common in 2007. It describes the decline in the performance of the United States of America mortgage market (Tong & Wei, 2008, p. 3). The 2007 subprime mortgage crisis is described as the most terrible financial crisis to have occurred since the previous...
Topic: Economics
Words: 4189
Pages: 18
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)....
Topic: Monopoly
Words: 342
Pages: 2
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;...
Topic: Economics
Words: 1027
Pages: 4
Introduction The article which has been selected for this particular topic is titled Global leaders are team players written by Dr. Martha L. Maznevski & Joseph J. DiStefano. Martha L. Maznevski is an Assistant Professor of Commerce at the McIntire School. Of Commerce, University of Virginia, where she teaches Organizational...
Topic: Leadership
Words: 800
Pages: 2
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...
Topic: Economics
Words: 1992
Pages: 6
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...
Topic: Globalization
Words: 1444
Pages: 6
The process, well known on the international arena, as globalization affects all the spheres of people’s and counties’ life. The economic and business fields are greatly affected by this phenomenon as well. Therefore, it would be relevant to explain the process of globalization in the economic field and its influence...
Topic: Business Strategy
Words: 560
Pages: 2
Among the factors that define economic growth and development, human resources and unemployment are considered to be the most vital. The well-trained and educated labor force has a significant and direct effect on the economy by producing a high-quality product. However, the problem is not only in finding sufficiently trained...
Topic: Economic Growth
Words: 298
Pages: 1
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...
Topic: Competition
Words: 1127
Pages: 4
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...
Topic: Microsoft
Words: 1688
Pages: 7
Introduction Financial stability of any company helps in creating good reputation that could be considered by banks for future loans. The management team should focus on strengths since this is the core that determines the status of each section of the company. Calculations on financial ratios are basically derived from...
Topic: Financial Management
Words: 935
Pages: 4
Introduction Home Depot and Lowe’s are American corporations selling various repair products. The companies occupy leading positions in the construction materials market in the USA, being direct competitors for each other. Both Home Depot and Lowe’s demonstrate high growth in revenue, EBITDA, and cash flows. These organizations are similar in...
Topic: Economics
Words: 820
Pages: 3
Introduction The case study explores how the Russian invasion of Ukraine has changed global trade. Despite worries that globalization might come to a stop as a result of Russia’s takeover of Ukraine, international migration has significantly increased since the outbreak of the COVID-19 pandemic. Although a collapse of global flows...
Topic: Economics
Words: 1640
Pages: 6
Introduction Investment decisions and long-term planning for any investment or economic action often require a complete analysis of all associated risk factors. The concept of interest rates plays an essential role in determining the cost of capital. Real risk-free and nominal interest rates have fundamental differences that determine their different...
Topic: Economics
Words: 318
Pages: 1
Introduction The healthcare system in Mexico is a complex combination of public and private providers. The government, through the Ministry of Health, controls access to health care to a significant degree. Mexico has a universal health care system known as Seguro Popular, which was implemented in 2004 to ensure that...
Topic: Economics
Words: 388
Pages: 1
Cash Flow Statement, Earnings, and Cash Flow Quality The Iconix Brand Group, Inc.’s cash flow statement offers information on its earnings and cash flow quality for the three years that ended on December 31, 2014. According to the statement, the company produced cash from its core business operations in each...
Topic: Economics
Words: 625
Pages: 2
Introduction It can be challenging for entities in an international trade transaction to agree on the delivery conditions, the party responsible for the goods while in transit, and the mitigation of unforeseen risks. Thus, adopting Incoterms, which refer to clusters of standardized regulations in international sales contracts, can be helpful...
Topic: Trade
Words: 1195
Pages: 4
General Issue Free trade is considered the predominant economic approach worldwide, with many countries subscribing to free trade entirely or partially. The idea is that through free fluctuation of goods and services, inefficient premises are removed from the market, and existing ones provide the customers with the best quality of...
Topic: Trade
Words: 1192
Pages: 4
Introduction Fast-Moving Consumer Goods (FMCG) are products that are sold quickly and at a relatively low cost. According to Veselova (2022), common examples of FMCG include food items, beverages, toiletries, household cleaning products, over-the-counter medicines, and other consumer products. These goods are usually purchased with the intent of daily use...
Topic: Economics
Words: 958
Pages: 3
Introduction Economic relations are an essential part of human life and have a significant impact on both entire states and individuals. It is impossible to abstract from interaction with other subjects or isolate from them. For several centuries, the circle of these relations has been closely studied to identify patterns...
Topic: Macroeconomics
Words: 835
Pages: 3
Introduction Despite having the largest economy in the world, the United States has the highest rates of poverty compared to other wealthy nations. The government uses a specific measure of poverty based on a minimum yearly income to categorize people as poor or not to decide who is eligible for...
Topic: Economics
Words: 4020
Pages: 15
Introduction Since the 19th century, humanity has constantly been arguing about the morality of market societies versus non-market ones and whether the market is a driver of societal corruption. This discourse began with Karl Marx, who stated that “the market transforms man into “an abstract being, an automaton, and […]...
Topic: Moral Values
Words: 279
Pages: 1
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...
Topic: Real Estate
Words: 1033
Pages: 3
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,...
Topic: Banking
Words: 3614
Pages: 13
Inflation reached a 40-year high as a result of the consumer price index’s 7.9% year-over-year growth. The cost of a building goes up as a result of inflation’s impact on the materials and labor required to develop a rental home, which drives up housing costs overall. Mortgage interest rates will...
Topic: Economics
Words: 308
Pages: 1
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...
Topic: Capitalism
Words: 834
Pages: 3
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...
Topic: Goals
Words: 278
Pages: 1
Shoshana Zuboff discloses the capital framework that exists in the digital world. Surveillance capitalism is essentially shifting the democratic possibilities that control human behavior. Different big technology corporations in Silicon Valley have assigned material worth to data on human behavior. Surveillance capitalism is different from information capitalism in that it...
Topic: Capitalism
Words: 398
Pages: 1
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,...
Topic: Banking
Words: 4226
Pages: 15
Introduction Engineering Procurement and Construction (EPC) is an innovative strategy applicable to big and complex projects. EPC activities are conducted by specialized contractors who undertake actual work on behalf of the owner. The details of engagement are outlined in an EPC contract, including the control, costs and risks. The EPC...
Topic: Construction
Words: 2699
Pages: 10
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...
Topic: Banking
Words: 845
Pages: 3
The prevention of healthcare-related issues is one of the significant responsibilities of nurses. The careful analysis of the factors contributing to positive development in society is vital to nurses’ professional development. One of the effective tools ensuring positive health-related changes is the sustainable development goals (SDGs). SDGs are a set...
Topic: Goals
Words: 278
Pages: 1
Introduction The process of research and development (R&D) involves the design or improvement of a product, technology, or service. R&D is vital for business because it encourages innovation, helping a company generate revenue in the future and gain a competitive advantage (Hammar and Belarbi, 2021). In the pharmaceutical industry, R&D...
Topic: Pfizer
Words: 2860
Pages: 10
A greater understanding of the processes that govern market operations is an essential part of creating and running a successful business. The study of economics enables one to get a bigger picture of the relationships between companies, governments, and customers. This essay reviews the following topics: supply and demand, elasticity,...
Topic: Economics
Words: 570
Pages: 2
Background The purchasing of a house is one of the most complicated financial decisions people make. It requires significant efforts to choose the most suitable option, taking into account all the current and potential necessities of a family. The vital point is the price of a house and other related...
Topic: Economics
Words: 1502
Pages: 5
Summary Despite the level of development of technology and society, modern Africa is not much different from its historical copy. This stage of development is a locality in which numerous social problems are particularly acute. Thus, the population is forced to live in frightening conditions, including the economy, minimal sanitation,...
Topic: Challenges
Words: 2115
Pages: 8
Introduction Financial well-being has always been a significant phenomenon because available economic resources can influence an individual’s life quality. However, Brüggen, Hogreve, Holmlund, Kabadayi, and Löfgren (2017) admit that research on the topic remains insufficient, meaning that any scientific attempt to study the issue is considered an essential contribution. It...
Topic: Economics
Words: 1926
Pages: 7
There are many valuable techniques and tactics that markets widely accept when deciding how to charge prices for their goods or services. One such tool is known as price segmentation, and it is the second most powerful and used pricing tactic that, however, is not considered entirely fair by some...
Topic: Discrimination
Words: 335
Pages: 1
Introduction The book, The Donut: A Canadian History, narrates how the donut became Canada’s unofficial national food. In connection to this, the author gives a strong affidavit explaining to the reader the reasons why the donut is connected to Canadians’ lives now and its merits and demerits on the citizenry....
Topic: Canadian History
Words: 1462
Pages: 5
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...
Topic: Banking
Words: 3601
Pages: 13
Introduction The world is strongly connected and integrated, thus, a disaster in one region significantly impacts other areas. Therefore, one infected person led to a global pandemic affecting more than four million people. Such is the case that the world is experiencing now with the Covid-19 outbreak. According to McKibbin...
Topic: COVID-19
Words: 4159
Pages: 15
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...
Topic: Economics
Words: 1399
Pages: 5
Cultural differences between U.S. and Germany Germany is one of the many member states of the European Union that are open to the global economy. The German culture is slightly different from the culture of the U.S., especially in terms of business transactions. As MICUS ventures into Germany, it is...
Topic: Economics
Words: 901
Pages: 3
The competitiveness of a country is determined by the competitiveness of enterprises, industries, types of economic activity, clusters, municipalities, regions. However, the company’s competitiveness is affected by the national competitiveness in which it operates. Almost every sector of the economy contains the following five factors of competitiveness, including quality, price,...
Topic: Competitiveness
Words: 627
Pages: 2
The Federal Emergency Management Agency (FEMA) is a part of the Department of Homeland Security (DHS). The organization is responsible for protecting the population from natural disasters, preparing for them, and mitigating potential consequences. The agency also helps citizens to recover from the devastating impact of indent, including human-made. FEMA...
Topic: Management
Words: 367
Pages: 1
Introduction In today’s global business environment, the major constituents are the high level of competition worldwide, swift automation of production and another process through advancement in computer technology and production techniques, increased regulatory measures being taken by the governments in different regions with respect to environment and health issues. Moreover,...
Topic: Economics
Words: 5804
Pages: 21
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’...
Topic: Economics
Words: 2291
Pages: 7
Introduction Fairtrade®: Definition With the rise in globalization, opportunities for trade have expanded tremendously, allowing for cooperation between organizations on a global level, and reinforcing international partnerships. As a result, the necessity to create homogenous standards for interacting in the global economic environment has emerged. Thus, the platform for building...
Topic: Economics
Words: 2498
Pages: 9
Consolidated financial statements are a method of reporting finances in a specific scenario. These statements are primarily used by big companies that have multiple subsidiaries or divisions. When a particular company fully acquires another and claims ownership over it, a need to accurately report the assets, liabilities, expenses, and revenue...
Topic: Economics
Words: 264
Pages: 1
Introduction There has been a growing tendency for cooperation among Gulf Cooperation Council (GCC) countries in the development of economic and financial institutions. The manifestation of the ubiquitous nature of globalisation has increased the need for embracing standardised accounting regulations in order to improve cooperation and enhance efficiency of financial...
Topic: Economics
Words: 4116
Pages: 15
The United Arab Emirates (UAE) has become one of globalization’s most prominent economic success stories thanks to its diversified economy. Oil profits and long-term pro-business policies have allowed UAE to create a robust infrastructure that supports the development of non-oil sectors like manufacturing and transportation and more fruitful participation in...
Topic: Trade
Words: 594
Pages: 4
The current world runs and operates within the capitalist theory and practice. Many countries have greatly benefited from the established globalization model and continue to build new ways of advancing their intertwined and interdependent economies. However, recent events relating to financial, environmental, and societal problems arising around the globe have...
Topic: Capitalism
Words: 597
Pages: 2
Introduction Predicting stock performance is extremely difficult and has been called a futile exercise by many people. This is because due to the inefficiency of stock markets about information asymmetry. Many of the fundamental factors affecting stock performance do not fully reflect themselves in stock prices in the Long-run or...
Topic: Performance
Words: 1330
Pages: 5
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...
Topic: Adidas
Words: 2527
Pages: 11
Globalization is a phenomenon characteristic of the present-day world, which has been made possible due to the development of communication technologies, especially the Internet, and multifaceted relationships among countries. This process is generally understood as “the transformation of economic and cultural structures into a single and universal world” (Marifovich, 2019,...
Topic: Globalization
Words: 402
Pages: 1
The Authors’ Arguments Friedrich Hayek strove to defend traditional concepts of morality in economics and fought the progressive representatives of the new era who sought to destroy the classical canons. In his book, he compares rationalizers to Christians who tolerate human sinfulness but do their best to prevent it (Hayek...
Topic: Capitalism
Words: 568
Pages: 2
A bank is an incorporated institution, the business of which is to receive money on deposit, cash, drafts and checks, make loans, discount commercial paper, make loans, as well as issue banknotes. Banks are monetary organizations that serve the interests of their depositors by ensuring the security of the deposited...
Topic: Economics
Words: 1107
Pages: 4
Kate Raworth’s book “Doughnut Economics” (2017) opens up the reader’s mind to the new possibilities within the modern world of economics. The author shares intriguing insights about the global market and the economic opportunities that individuals, entities, and the government should consider in their quest for returns on investments (Raworth,...
Topic: Economics
Words: 817
Pages: 3
Introduction The World Bank was established with the main aim of alleviating poverty by providing aid to developing countries. For many years, the institution has given billions of dollars both as loans and grants. However, its effectiveness has been questioned because despite the support, many countries have remained stuck in...
Topic: Banking
Words: 663
Pages: 2
Introduction Ever since the success of Bitcoin, cryptocurrencies have been steadily growing in number as well as the volume of transactions that occur through them. Despite early assertions to the contrary, they have been found to be valuable tools for trading due to their variety of unique advantages. As a...
Topic: Cryptocurrency
Words: 1661
Pages: 6
Description of ECY Cash Flows The cash flow of the company has problems, which are indicated by the increase in accrued expenses. For example, the value of expenses not yet paid for increased from $417300 in 2016 to $6,123,200 in 2017. An efficient flow of cash should be characterized by...
Topic: Economics
Words: 562
Pages: 2
Introduction Business leaders need to be aware of the factors that might affect organisational performance. A macro environment will encompass the major factors defining a given economy. Some of the key attributes investors need to consider include employment, social factors, fiscal policies and inflation. The purpose of this presentation is...
Topic: Economics
Words: 720
Pages: 5
The first article selected is “The Great Recession: A Self-Fulfilling Global Panic” by Philippe Bacchetta and Eric van Wincoop. The scholars explain that as long as there is minimum integration between two economies, both will be significantly affected when one falls. Bacchetta and Van Wincoop’s (2013) argument is based on...
Topic: Marketing
Words: 1171
Pages: 5
Introduction Globalization is a term that is widely used in the in-depth study of tourism trends. Globalization is usually driven by a combination of political, economic, biological, socio-cultural, and technological factors. It enables countries to share and circulate different ideas, cultures, and languages. The effects of globalization in people traveling...
Topic: Economics
Words: 1115
Pages: 4
Introduction Real estate refers to land and improvements done on it such as the erection of buildings, digging of wells, and construction of fences. Generally, the improvements have to be immovable or permanent (Case 1992). Countries worldwide conduct real estate businesses in different ways. The way the industry is conducted...
Topic: Real Estate
Words: 2395
Pages: 8
This is a research paper on market power which is a part of managerial economy. It starts with defining the topic and area of research, later getting into the path for recognition of different aspects and scopes of the topic. The major ideologies linked with market power are stated and...
Topic: Managerial Economics
Words: 2668
Pages: 10
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...
Topic: Economics
Words: 2408
Pages: 10
Introduction Every countries dream is to have an ideal economy but what it is, is not well outlined. In this essay, I shall be discussing this ideal economy, its features, and what is expected from this ideal economy by different stakeholders. For an economy to be ideal the gross domestic...
Topic: Economics
Words: 580
Pages: 2
“What we know about the global financial crisis is that we don’t know very much” Paul L. Samuelson. The historical examples of economic growth and downturns and economic theories propose different ways out and solutions to overcome the financial crisis and stabilize the economic situation in a country. I am not...
Topic: Economic Growth
Words: 1498
Pages: 5
Introduction Development is always supported by knowledge and skills proficiency within the workforce. Basically, countries with people who possess skills and knowledge have always registered a higher social, economic, and political growth than those with the majority of unskilled people. This is because knowledge and skills encourage creativity and innovativeness...
Topic: Economics
Words: 2717
Pages: 10
Introduction The term globalization emerged as an offshoot of the high-technology tools that have sprung these past decades – computers, the internet, Information Technology. We can connect and conduct business with the rest of the world so easily. With just a computer with an internet connection, indefinite access can be...
Topic: Globalization
Words: 1546
Pages: 5
The Australian economy is considered to be referred to as the prosperous one in accordance with its mining, agricultural and service sectors. The overview of Australian economy has shown that this country is one of the most profitable on the international market with its GDP of $889 billion. The history...
Topic: Economics
Words: 1061
Pages: 4
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...
Topic: Economics
Words: 2464
Pages: 8
Introduction The United States and Canada are the largest economies in North America. According to Pete (2015), there has been a raging debate as to which of the two countries is best to call home. Factors such as income and cost of living are some of the most important factors...
Topic: Economics
Words: 3713
Pages: 13
Abstract The nature of development and its primary concerns vary from time to time. The issues that were considered as most significant in past may not be a part of today’s key concerns. As the world crosses the premises of a new millennium, the nature of global development has considerably...
Topic: Economics
Words: 5344
Pages: 20
Introduction Bhutan is a landlocked country located in Southern Asia, between China and India. Presently, it is classified as one of the Least Developed Countries (LDC). Close connections with India were conditioned by the 1949 treaty allowing Delhi to influence over Bhutan’s foreign relations. The aftermath of the treaty is...
Topic: Trade
Words: 1093
Pages: 4
Abstract The primary objective of this research study was to present an insight into the motives defining the purchasing and consumption of luxury fashion among young female customers in the UK. The researcher applied quantitative research designed since the study was focused on a single market segment. Through direct interview...
Topic: Fashion
Words: 3747
Pages: 16
Introduction The last century was marked by a spectacular battle between two powerful economic systems and ideologies: communism and capitalism. By the end of the 21st century, it has become exhaustively clear that capitalism seems to prevail and bring countries to prosperity and economic domination. Communism, on the other hand,...
Topic: Capitalism
Words: 3305
Pages: 12
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...
Topic: Economics
Words: 545
Pages: 2
Introduction As far as adding to the scientific deliberation, the work of scholars gives non-specific systems to sustainable development. Such non-exclusive systems recommend that various procedures can be taken after as a major aspect of sustainable development, each of which views the idea of sustainability through various lenses, or a...
Topic: Real Estate
Words: 5588
Pages: 20
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...
Topic: Economics
Words: 596
Pages: 2
Introduction Modern organizations use several types of budget creation. Each approach has its advantages and is suitable for specific tasks. The following paper identifies the differences between the most common approaches – a traditional budget and a zero-based budget. Concept Definitions In order to understand the differences, it is first...
Topic: Budget
Words: 620
Pages: 2
Economic Efficiency Economic efficiency is the use of resources such that maximum utilization of those resources is achieved in production of goods and services. It involves effective and equitable allocation of resources. An economy is said to be economically efficient if any change made to make one agent better off...
Topic: Economics
Words: 602
Pages: 2
Introduction International trade strategies have changed for Canada. In fact, 2017 is proving to be the year that define the country’s international trade policy. The US wants to renegotiate NAFTA and the dwindling outcomes of the Asia-Pacific trade policy, Trans-Pacific Partnership (TPP), provide an opportunity for a review of trade...
Topic: Trade
Words: 3080
Pages: 11
Milton was a pre-eminent American Economist who earned accolades for his free-market economic theory (407). A free market economy is a system in which the prices of goods and services are determined purely by the demand and supply in the market. There is no government intervention to determine such prices....
Topic: Capitalism
Words: 1112
Pages: 4
Most countries have a free market economy. The market forces of demand and supply determine the price of various products in a free market economy. There is usually very little interference from the government or regulatory bodies. High demand and low supply lead to a rise in the price of...
Topic: Coffee
Words: 894
Pages: 4
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...
Topic: Pepsi
Words: 2577
Pages: 10
Introduction Purpose and context of the report The prime principle of globalization is featured by the interconnected holistic phenomenon. Due to globalization, the world has become a village in terms of politics, economic endeavors, and cultural interaction. Understanding the position of globalization in the Canadian society requires critical analysis of...
Topic: Corporation
Words: 2519
Pages: 10
Article Discussion The article Advantages and disadvantages of IFRS compared to GAAP by Anna Jordan aims at giving a complete picture of the ongoing switch to the new reporting system in the United States. While the author does not summarize its statements or try to weight the listed arguments and...
Topic: Economics
Words: 617
Pages: 3
Introduction The concept of internationalisation emerges from an attempt by companies to expand their enterprises beyond their primary markets (Liker & Meier 2005). Although researchers rarely agree on what internationalisation entails, many of them have developed different theories to explain the process (Ramanathan 2009). Common theories include the absolute cost...
Topic: Economics
Words: 2295
Pages: 9
Introduction Globalization is defined as a concept that refers to expanding network of international economic activities resulting from increased movement of commodities, technology and information across national boundaries. Globalization as a process, therefore, ensures that the state retains the political role while the economic functions of the state are being...
Topic: Globalization
Words: 1097
Pages: 4
Planning is an indispensable part of the process of managing any organization, a governmental organization in particular. Furthermore, to manage one, it is pivotal to create a budget of the organization or activity in question. A budget can be defined as a financial plan which includes items that need to...
Topic: Economics
Words: 641
Pages: 3
Kenya is a country that is located in the East African region. It borders Uganda to its west, Somalia to the east, Ethiopia to the north, Tanzania to the south and the Indian Ocean along its southeastern coast. It has a population of approximately 40 million people, according to the...
Topic: Economics
Words: 854
Pages: 4
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...
Topic: Forgiveness
Words: 1159
Pages: 5
Introduction The robust banking system is based on the strength of the leading financial organizations. Among the most well-known banks are J.P. Morgan, Bank of America, Citibank, and Wells Fargo. However, behind the veneer of success and unbreakable nature are countless scandals, undermining the reputation of each bank. From the...
Topic: Economics
Words: 570
Pages: 2
The Core Functions of the Bank of Hawaii The Bank of Hawaii is one of the oldest financial institutions in the country. It has operated since 1897 and is located in Honolulu (Yahoo Finance, 2023). This institution offers financial services to individuals and companies, ensuring sufficient economic activity. Retail Banking...
Topic: Economics
Words: 862
Pages: 3
Introduction Understanding the numerous aspects that influence a society’s growth and well-being is necessary for measuring societal success. Economic growth, gross domestic product (GDP), per capita income, employment rates, and poverty levels are a few of the variables frequently used to evaluate social performance. However, there is a growing understanding...
Topic: Economics
Words: 357
Pages: 1
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...
Topic: Economics
Words: 2736
Pages: 10
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...
Topic: Economics
Words: 386
Pages: 1
Introduction Oligopoly is one of the most common types of markets in modern economics. The Bertrand model was chosen when choosing an oligopoly model to study, as it represents a particular interest in practical applications. The Bertrand model describes a situation where multiple firms compete by setting product prices (Puu...
Topic: Economics
Words: 579
Pages: 2
In the process of a long evolution, all countries have established the predominance of the market economy as the basic and most efficient form of economic management. It is based on commodity production, which is possible due to technology. Market economy assumes the production by individual, isolated producers specializing in...
Topic: Economics
Words: 399
Pages: 1
The US government incurs significant expenditures in each fiscal year to ensure the well-being of its citizens. Over the past decades, the country has been spending mainly in areas such as social security, defense, transportation, income security, and payrolls. The system of governance is divided into three key categories; federal,...
Topic: Economics
Words: 851
Pages: 2
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...
Topic: Economics
Words: 671
Pages: 2
To begin with, demand is the customers requirements and desires, which might be changed because of external factors. When saying “demand,” economists mean the desires of customers to buy some products or services during some period of time, and these wishes can change due to different aspects and situations on...
Topic: Economics
Words: 572
Pages: 2
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)...
Topic: Economics
Words: 2748
Pages: 9
Summary The sample product survey suggests that consumers’ values, beliefs, and senses should be considered the primary factors in buying behavior. According to the survey results, 44.44% of consumers make sure that the product is aligned with their personal values and beliefs. Furthermore, 50% of respondents considered the personal happiness...
Topic: Economics
Words: 1130
Pages: 4
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...
Topic: Economics
Words: 482
Pages: 1
Fiscal policy uses government expenditure and taxation to control the economy during macroeconomic conditions. The government uses the policy to create strong and sustainable growth and reduce poverty (Bossone, 2021). During recessions, governments might consider lowering tax rates or increasing their level of expenditure to spur economic activity and encourage...
Topic: Economics
Words: 322
Pages: 1
The epidemic has had a significant impact on the workplace. Aside from the risk to public health, the economic and social turmoil endangers millions of people’s long-term livelihoods and well-being. The pandemic significantly affected labor markets, economies, businesses, and worldwide supply networks, causing major commercial disruptions. The practically immediate economic...
Topic: COVID-19
Words: 1443
Pages: 5
Economic value is a measure of the benefit that a service or product provides to a group of people. It is measured in relation to the units of money in the economy. My understanding and opinion are that economic value occurs when a company, for instance, has all of its...
Topic: Economics
Words: 378
Pages: 1
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...
Topic: Credit
Words: 396
Pages: 1
Treaties, tariffs, taxations, and trade barriers limit free international trade. The impact of these limitations on global business is vast. Moreover, the government’s role is considerable, as seen from the example of Boeing and Airbus. Trade barriers are crucial for the financial prosperity of countries, as they encourage international trade....
Topic: Airbus
Words: 311
Pages: 1
Summary In a three-stage expansion process, Netflix could make strategic decisions and establish effective policies in those markets. Before moving forward, they carefully selected a few calls to employ as a test and then studied those markets. One of the best strategies the business can employ to expand is to...
Topic: Globalization
Words: 648
Pages: 2
Problem Statement In the world of the market economy, credit cards are becoming more popular, and they are swiftly displacing traditional forms of payment. However, with the growing acceptance of the medium, the risk of default is increasing over time. In this regard, credit card issuers are constantly faced with...
Topic: Banking
Words: 927
Pages: 4
Introduction This memo concerns the analysis of the Daycare Center’s operations budget for the year 2000. An Exhibit A from the Northville Daycare Center Case Study shows the prospective expenditures that this daycare center will have in the first year of its operations. One of the most crucial aspects of...
Topic: Budget
Words: 1665
Pages: 6
Summary Background to Business Issue Bank Muscat is a fiscal services company in Oman that offers retail banking, corporate banking, treasury, investment banking, asset management, and private banking. In 2018, it was estimated to have assets worth $ 31.9 billion (Alshubiri, 2022. Despite all this, the company has not been...
Topic: Banking
Words: 1535
Pages: 10
Income inequality is one of the significant legacies of colonialism. During the era of colonialism, colonies were perceived to be a major source of raw materials and for the industries of the developed nations. As a result, developing countries were deprived of their resources, making it difficult for their local...
Topic: Colonialism
Words: 1194
Pages: 4
Tension / problem / practical The topic of black tax has particular disturbing importance for me. My story starts in my motherland, Zimbabwe, in Matare. In my childhood, I realized that proper education and well-paid jobs should be available for all people, regardless of their status, blood ties, and opportunities....
Topic: Tax
Words: 1264
Pages: 5
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,...
Topic: Economics
Words: 8767
Pages: 32
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...
Topic: Corruption
Words: 369
Pages: 1
Introduction The political stability of any country depends on numerous factors and is vital for its further evolution. First of all, the economic factors are critical determinants of how the nation evolves and the health of the whole system. At the same time, the level of citizens’ trust in their...
Topic: Unemployment
Words: 2276
Pages: 8
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...
Topic: Banking
Words: 1749
Pages: 7
Introduction Inflation is a dangerous condition when people’s purchasing power declines because of rising prices. It can be increased by several causes: rising production costs, mass lending, and others. However, one of the most important reasons inflation may increase is the printing of money by a country’s central bank. In...
Topic: Inflation
Words: 306
Pages: 1
The spread of COVID-19 has impacted many people and industries globally, and multinational companies (MNCs) are not an exception. MNCs typically offer better wages and working conditions than smaller local companies (Bohle and Regan, 2021, p. 80). In Ireland, the top ten MNCs account for almost half of all corporate...
Topic: Pandemic
Words: 1202
Pages: 4
The phrase knowledge economy typically refers to an economy that is built on advanced technological expertise. It also refers to knowledge economies, which are institutions in which knowledge is a key good that is transferred in some form. The first type of knowledge economy clearly necessitates the second, although the...
Topic: Economics
Words: 284
Pages: 1
Introduction Ulta Beauty is a successful American cosmetics company that has balanced the externally attractive and attention-grabbing displays with ongoing revenue sources and employees’ best interests. The company successfully identified the priorities of American women purchasing cosmetics despite its lack of outlets in major shopping malls. Ulta has entered several...
Topic: Performance
Words: 1656
Pages: 6
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...
Topic: Consumerism
Words: 1136
Pages: 4
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...
Topic: Economics
Words: 1637
Pages: 6
History Of Banking The United States of America has the most powerful banking system in the world. However, this system is one of the youngest, and banking has its own specifics with a lot of restrictions and even archaic elements. Its own banking structure appeared in the United States during...
Topic: Banking
Words: 889
Pages: 3
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...
Topic: Fashion
Words: 3513
Pages: 13
Abdulov, Rafael. “Artificial Intelligence as An Important Factor of Sustainable and Crisis-Free Economic Growth.” Procedia Computer Science, vol.1, no. 169, 2020, pp. 468-472. Abdulov takes the opportunity to explain the role of artificial intelligence in improving the subsectors of the economy. According to Abdulov, the new technology has quite many...
Topic: Artificial Intelligence
Words: 1380
Pages: 4
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.;...
Topic: Economics
Words: 933
Pages: 3
“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...
Topic: Brand
Words: 599
Pages: 2
Introduction The “Gnomes” refers to the seventeenth episode in the second season of the South Park series. The series follows Stan, Kenny, Cartman, Kyle, and Mr. Tweek’s son after writing a report according to Mr. Garrison’s instructions. Harbucks plans to start selling coffee in South Park, threatening Mr. Tweek’s coffee...
Topic: Economics
Words: 947
Pages: 3
Introduction The economic recession has a variety of negative repercussions on the economy, including increased unemployment, weak economic development, and reduced investment, among other things. To deal with a recession, many economic techniques are frequently employed. A recession also denotes a considerable reduction in general economic activity, largely a consequence...
Topic: Tax
Words: 1682
Pages: 6
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...
Topic: Economics
Words: 781
Pages: 3