2423 samples of this type
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....
The stated factors belong to the concept of economic globalization, which implies the process through which states and corporations expand to the global scale. Globalization is a complex aspect, which affects and is impacted by cultural and political factors. Markets denote the combination of institutions, systems, infrastructures, systems, and procedures...
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...
Introduction Ethiopia, or officially the Federal Democratic Republic of Ethiopia, is one of the poorest countries in the world. The country’s national poverty level is around 44% with most of the Ethiopians surviving on U.S. $1 a day (Gupta, Clemens, and Inchauste 353). The economy of the country is considered...
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...
Abstract The nature of development and its primary concerns vary from time to time. The issues that were considered as most significant in past may not be a part of today’s key concerns. As the world crosses the premises of a new millennium, the nature of global development has considerably...
Introduction The development and survival of corporations in the globalized and expanding market depend on their capacity to satisfy customers. Consumer fulfillment pivot on recognizing, understanding, and executing the advertising techniques, data on the behavior consumers display in processing, handling, utilizing, and discarding goods to satisfy their requirements and needs....
Introduction Price elasticity is a parameter used in determining the sensitivity of demand towards prices. Price sensitivity in customers can be induced by a myriad of economic factors, ranging from a lack of resources in the target customers to the presence of competition providing similar products. It is one of...
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...
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...
The economic, financial, and political situation in Italy can be discussed as affecting the development of the tourism and hospitality industry in Italy significantly because the changes in the economic environment influence the businesses’ growth, profitability, and competitiveness; the aspects in the financial policies influence the possibility of investing into...
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...
Prices of Used Vehicles Used vehicles have had one or more retail owners in the past. The price of these cars soared by 42% from December 2019 to October 2022, based on the U.S. Bureau of Labor Statistics (Vincent). Over the past year, prices of used cars have skyrocketed by...
Understanding a company’s opportunity costs is crucial for identifying the optimal course of action in terms of investments and funding. The evaluation of opportunity cost would necessitate comparison of the costs and benefits accruing from each action made versus alternatives. The simulation depicted in Figures 1.1 and 1.2 compares the...
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...
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...
General development classes are very important for the mental education of young children. During classes, a child gains important qualities necessary for successful cognitive development. However, not all parents are ready to dedicate much time to teach their kids. Thus, numerous early education centers have developed special programs that help...
Introduction In the United States, housing discrimination refers to historical as well as present policies and biases that act as barriers towards equitable access to housing. It became more prominent after slavery was abolished in 1865. It was among the provision of the Jim Crow laws that promoted and fostered...
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...
The United States is the most developed economy in the world in terms of the gross domestic product. However, the country has one of the highest budget deficits globally, meaning that the overall spending exceeds the total revenue collections. The country has for many years run under an increasing cumulative...
Introduction 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...
Trade has been the driving force of the global economy and interaction of communities since ancient times. With the technological advancement and evolution of society, international commerce is heightened. Currently, one can order goods from abroad and receive them anywhere around the world. The interconnectivity of the countries results from...
Introduction Behavioral finance is based on the concept that market inefficiencies can be identified and effectively exploited for making accurate predictions on future investment market movements. It is an alternative view of the efficient market hypothesis or EMH. “A growing field of research called behavioral finance studies how cognitive or...
Introduction This paper has chosen Vodafone plc (or “Vodafone”) and British Telecom plc (or “BT”) under the telecommunications industry for purposes of comparing capital structure and cost of capital. This will also study the impact of industry and economic conditions for the pair of companies and will explore the current...
There are four various market structures that differ in their attributes, demand curves, and the basis on which their firms compete. These structures include perfect competition, monopolistic competition, monopoly, and oligopoly. The purpose of this paper is to discuss the perfect and monopolistic competition and their differences. Moreover, the list...
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,...
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...
Assessing the reasons behind store closings can highlight important industry trends and market changes. In the selected article, Stebbins and Sauter (2018) show that all of the retailers chose to close their stores to reduce expenses. Another similarity between the businesses is that the products they sell can be purchased...
Introduction Monopolistic competition refers to a market structure where products are differentiated and a large number of producers compete with each other to satisfy the unlimited customer base. In this marketing structure, producers have a certain level of price control, trade barriers are few and the customer perception on price...
The world is full of things which a man likes or adores. In supermarkets, for example, people try to choose something about food or about household; in galleries one cannot but admire the pictures of different painters; on railway stations one can be astonished with well-run work of the administration...
Introduction The chapter “The Golden Arches Theory of Conflict Prevention” of “The Lexus and The Olive Tree” by Thomas Friedman is devoted to a unique and rather insightful finding. This finding is exclusively the author’s own and has been challenged by some. While McDonald’s is one of the restaurants around...
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...
Introduction Cross-border investment has become a popular approach to expanding the market share in the current competitive business environment. According to Shenkar et al., advancement made in the fields of transport and telecommunication has made it easy for firms to explore new markets (52). Venturing into new markets requires an...
Introduction The budgeting process is the way toward outlining, executing, and operating spending plans. It is the administrative procedure of budget spending and planning, budgetary control, and the related strategies. Budget planning requires volumes of the bookkeeping regarding the firm’s operations (Okpanachi & Mohammed 2013). In summary, spending plan is...
Introduction The modern economy is characterized by increased economic and cultural integration, which has promoted international relations as well as international trade. This has been heavily facilitated by globalization. In general terms, globalization refers to global integration of economic, technological, political, and social aspects among different countries (Hamilton 2008). In...
Introduction The decision-making process in multinational financial structures is complex and multifaceted, including a number of steps and operations. The questions about what stages the decision-making process should include are rather controversial and solved differently according to the specific style of governance and the scope of the organization. Being one...
The “One Belt, One Road” (OBOR) initiative is a program that opens a drastically new perspective to the global communities. The essence of this program is to form, establish, and promote international partnership and development. It is to be achieved through the strengthening of the existing regional bipartite and two-sided...
Executive summary The aim of this research project was to critically analyse Topshop and Matalan with the view of identifying the firm that is most appropriate for investment by Caifu Investments Ltd. The analysis shows that Matalan is a small firm that is easy to control. On the other hand,...
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...
Grid Outline Thesis: Although globalization is somewhat harmful, it has many advantages for example: sharing new technology, sharing knowledge, cultural export, and food export. Supporting points Sub-points Evidence Industrialization Share new technology Knickerbocker, If the poor get richer, does the world see progress? p8 Share knowledge Ma, Paths of globalization...
Introduction Dermontti Dawson was a former Pittsburgh Steeler who appeared in the NFL from 1988 to 2000. Despite a successful career, he experienced significant financial issues and declared bankruptcy in 2010, having around $70 million in debt (Andrew, 2022). Overinvestment in real estate, according to his instance, is a primary...
Introduction Maintaining digital security in the field of virtual economic transactions between citizens is a vital step in ensuring the safety of people’s financial resources and the security of their identities. In the case study under analysis, several breaches of digital security standards can be identified. Specifically, the country’s residents...
Bernie Madoff, who founded his investment company in 1960, was the genius behind the $50 billion Ponzi scheme scam that stunned the world economy. It was the most extensive and longest-running Ponzi scheme fraud in history. According to his deception strategy, Madoff utilized investments to repay his initial backers, giving...
Gentrification has many potential benefits for both local and new residents. The article by Meltzer & Ghorbani (2017) focuses on defining the effects of gentrification on employment in low-income neighborhoods. The authors suggest that the main benefit of gentrification is the growth of employment opportunities and job gains for residents....
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...
Since corruption is a negative social phenomenon that hinders the development of many countries and undermines their economy, the fight against it is considered one of the most significant tasks of the modern world. Bribery is probably the most burdensome for the inhabitants of African states, where it weakens the...
January February March £ £ £ Income Cash Sales 2,200 5,200 5,500 Payments from previous months sales 30,750 19,800 46,800 Total cash inflow 32,950 25,000 52,300 Expenditure Purchases 10,000 11,000 13,000 Salaries 8,000 9,000 10,000 General overheads 14,200 16,200 17,200 Other expenses 43,000 0 0 Total Cash Outflow 75,200 36,200...
Introduction In this essay, I want to highlight the main concepts from Chapter 4 of macroeconomic principles and tell you what they mean. I believe the basic concepts are supply and demand, market equilibrium, monopoly, oligopoly, and competition. I can say that the whole economy is built on these concepts,...
Developed countries have sophisticated institutions operating to maintain prosperity and expand the opportunities for their populations to receive high-quality education and healthcare for free. The financial aspect of these conditions includes considerable taxes for the citizens, and not every individual supports such a requirement from the public system. However, the...
GDP, or gross domestic product, is an economically and socially significant value. It is the monetary estimation of all goods and services produced in a specific territory. The overall GDP over a year, along with its general growth, is used to estimate the well-being of an economy. The value is...
Introduction Cryptocurrency refers to a virtual or digital currency protected by cryptoanalysis hence making it impossible to counterfeit or to spend multiple times. In many cases, cryptocurrency is decentralized in technology-centric networks and distributed by separate systems of computer programs. The important note about cryptocurrency is that any authority does...
Background At the moment, the real estate business is developing more rapidly. Despite the difficulties that the global coronavirus pandemic has brought, this area of human activity is gaining lost strength. Thus, there are more and more different trends in this area. Researching relationships with them can significantly help in...
A transfer price, also known as a transfer cost or a transfer price, can be used to trade supply or labor between departments. Transactions between a parent company and one of its subsidiaries, or transactions involving subsidiaries from the same company located in different countries, can use transfer prices. In...
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...
The gas prices have significantly increased during the past several months, and there are several reasons that caused this increase. First of all, it is necessary to realize that the situation in the world is quite unstable today, and numerous factors influence each other, which manifests in rising gas prices....
Since it was discovered in December 2019 in Wuhan, China, COVID-19 has caused massive human suffering and undermined the global economy. The lives of billions of the world’s populations have been turned upside down by the pandemic, which has significantly affected the social, environmental, health, and economic domains. By now,...
Disney should accommodate local cultures so much since different regions have varying practices and formalities. When Disney is choosing to open a theme park in a certain location, it is necessary to identify and include the various meanings of the people for them to adapt to the park easily. Lacking...
The concept of mindful consumption has a deeper meaning than simply consuming the amount of goods and services necessary for an individual’s life. According to Sheth et al. (2011), mindful consumption has both tangible — the behavior, and intangible — mindset — facets. Therefore, consuming the goods and services mindfully...
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...
Introduction Capital budgeting is an integral part of corporate finance. Businesses are in perpetual strife to increase shareholder value by increasing revenue or profits. This endeavor is achieved by venturing into new investments and starting projects. Most of the time, companies will have multiple ideas at the same time on...
Which company are we looking at? The Toronto-Dominion (TD) Bank Where does it take place? In Canada What is the time frame? In 2021 What industry are we analyzing? The paper analyzes the banking industry but with more focus made on digital banking External Analysis (PESTEL + CDG) Political Factors: The...
The “Gospel of Wealth”, an article by Andrew Carnegie, includes multiple perspectives on the usage of money. Specifically, the author advocates the essential utilization of the central philanthropic principles, emphasizing the importance of spending money wisely. In that way, wealthy people are encouraged to donate their money to charities and...
Globalization contributes to establishing relationships between individuals, independent social objects, and phenomena, embracing all spheres of people’s lives. Some people consider globalization a threat to national cultures. Others believe that free trade between states implies prosperity and economic growth of all nations and businesses. That is why it is difficult...
This paper is a reflection of the module about the global environment of business. No doubt, such tendencies as globalization and the continuous extension of corporations are gaining popularity and have already revealed some results. In this paper, the results of globalization and its positive and negative consequences are discussed...
Introduction The success of any state’s economy in 21st-century economies largely depends on the stable macro and microeconomics status of financial and stock markets. Macroeconomic studies focus on the productivity of the general economy in relation to money systems, performance, financial structures and the behaviour of financial markets. Due to...
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...
Econometric models have been traditionally used as a means of evaluating the chances of startup success for entrepreneurs and investors alike – it allowed for making an educated estimation on whether the investment would prove true or false. This type of evaluation relies on the assessment of both quantifiable and...
The problem of inflation occupies an important place in economic science since its indicators and socio-economic consequences play a serious role in assessing the financial security of a country and the world economy. According to the experts, the inflation rate in the United States is gradually decreasing due to gasoline...
SME lending policies of the British banks before and after the financial crisis The financial crisis that almost brought the world’s economy to its knees in 2008/2009 has left many economies struggling and led to radical changes in the financial sector (Dullien et al. 2010, p. 113). As countries take...
The Effects of the Driving Forces of Globalization There is no doubt that today’s world has become substantially different from the social, economic, and production systems that were relevant only a few decades ago. Such changes can be seen in all spheres of life, from the classical communication between people...
Introduction The theme International corporate reporting and financial accounting, is a vast area of research and study that goes a long way to elaborate corporate financial reporting and transparency. It is important to note that the need for proper transparency and suitable corporate financial reporting is highly essential. Due to...
Introduction Financial goals refer to the aspirations in the life of an investor that needs to be achieved when the person invests his money. By setting financial goals, chances of regretting are minimized and it ensures that the desired goal of investment is realized. These goals vary from one investor...
Introduction This paper intends to discuss the concept of time value of money. The goal is to show that current cash flow is valued highly compared with future cash flows hence the need to compare cash flows in terms of present value and future value. Time value of money is...
When designing a practice change, it is crucial to utilize an appropriate change model to ensure the effectiveness of the process. Change theories can help in a myriad of ways. For instance, a relevant model is beneficial for planning future change by identifying the critical stages to achieve success (Batras...
Today, most of the countries do not possess pure capitalism but a mixture of free market and governmental regulations of the businesses. Owning a business in a mixed economy structure can be very challenging due to government intervention in the economy. In contrast, operating a small business in an ideal...
Abstract Despite many attempts to control the escalating global fuel prices, the efforts have proved to be fruitless. This study proposal examines the history of fuel prices, how they have changed over the years and the subsequent effects that are likely to come along with these increased fuel prices. The...
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...
The capitalist system is a generally accepted norm which functions successfully in the modern world. However, Marx presented the alienation of labor, which is one of the capitalist features, as the process is contrary to human nature (Vidal et al., 2019). The reason for the emergence of such a phenomenon...
There are various methods of payment in international trade. Credit in any international trade transition is provided by the exporter, importer, bank, or a combination of these. Exporters who have sufficient cash flows can finance the entire trade cycle, starting with the production of the product by the exporter down...
Recently, there have been discussions on the behavior of the housing market in the United States. The common issue is whether prices have risen too high and the factors leading to the situation. According to Schelkle (2018), housing prices between 2002-2005 exceeded individuals’ actual purchasing power, resulting in more people...
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...
The upcoming negotiation process with Absentia Ltd. must not be equal or worse than Grouse’s offer. The latter company is offering of total present values equal to $17.5 to 19.5 million and the upfront $7.5 million in cash. Therefore, Grouse’s offer can be considered to be the best alternative to...
Profitability Ratios The inflation of prices affects the financial ratios reported by organizations. Companies usually prepare financial reports, either quarterly, semi-annually, or annually. During these different periods, inflation might occur, leading to the distortion of prices (Rashid, 2018). Eventually, failure to reflect real prices of commodities will emerge in the...
Executive summary Stakeholders can be defined as people who are interested and directed by a business’ actions. They stand to either lose or gain from a business’ operations and many times influence its decisions. A business’ stakeholders include preferred and common shareholders, creditors, manufactures of its products, employees, suppliers, customers,...
Introduction High inflation is considered a severe problem for many national economies, and there are several reasons for it. It takes place when the prices grow, and the purchasing power of money decreases. According to Sloman and Garratt (2013, p. 203), it is calculated as “the percentage increase in CPI...
Introduction Globalization has been widely related to the fast-growing economies of the countries around the world. Developed countries are observed to easily catching up with the emerging trends when it comes to the economic issues of the country. As the developed countries continuously grow as a progressive countries, the developing...
Introduction Efficiency in communication is not a big deal while taking into account the main definition of economics as concerning relationships between an individual and a group. In this respect, one should bear in mind the fact that prisoners’ dilemma is one of the milestones in this case. The thing...
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...
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...
Introduction Globalization is influencing leadership because of the way it affects society through its processes. Because the transformations brought about by globalization are not always easy to identify precisely and promptly, they may be hard to take in and even where they are detected, be hard to cope with. Globalization...
Introduction This paper reports on time series analysis of the persistence of profits of 97 Croatian Companies from 1995 to 2005. This report is unique in the way it is conducted in Croatia. Although, many such researches are conducted in various parts of the US and Europe, a study of...
The Meaning of Globalization Globalization can be described as an economic system that is open and allows the international movement of people, goods, services, and capital. It involves greater integration of economic systems of countries through international trade, the flow of capital, and international investments. Economic globalization connotes the interrelationship...
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...
Introduction Owing to the strategic position of the country as a trading entrepôt in East Asia – doing a brisk trans-Pacific trade with Mexico for centuries, exporting minerals and forest products to China, trading sugar with (what was then) Great Britain, and cashing in on foreign exchange earnings of Filipino...
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...
The modern world in its social, political, and economic manifestations has gone through a series of ideological changes throughout centuries of its existence. Overall, the search for an ideal type of government has always been a never-ending process due to the evolution of thought and constant willingness to change the...
Introduction The city of Vancouver has encountered a significant problem concerning the crisis in the sphere of real estate. The prices for houses and apartments inconsistently grow to produce non-realistic costs of real estate, thus causing difficulties for the residents of Vancouver to purchase or rent accommodation. Such a critical...
Introduction This case study analyzes an article on inflation in the United Kingdom. The reviewed work describes the rise of the statistic shortly before the article’s writing and the potential reasons. It adds that the increased growth rate may be temporary, and the predictions and resulting reactions from the Bank...
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 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...
Abstract The main purpose of this dissertation is to research on economic reality of living with a dwindling supply of oil. In order to do so, the first chapter will discuss the background of the problem like dwindling supply of oil, rationale of the research, the objective of the dissertation...
With regards to the preparation of financial statements, the AICPA Code of Professional Conduct (2014) includes key points as to the knowing misrepresentation of the statements, submission of financial statements, negligence in preparation, and subordination of judgment. The knowing misrepresentation of financial statements in the course of their preparation occurs...
Should labor practices in another country be a relevant consideration in international trade? Yes: labor practices in another country should be a relevant consideration in international trade; In an ideal situation, labor laws should be harmonized in all countries to facilitate the movement of factors of production more precisely labor...
Introduction Market failures involve the decentralization of behavior that does not result in Pareto efficiency. Traditionally, market failures are said to be circumstances where a social surplus is enlarged under some form of alternative allocations that result from market equilibrium. The commonly recognized market failures are natural monopolies, externalities, information...
Normative vs. Positive Analysis Economics, at large, belongs to the sphere of academia. Still, economists often perform consulting, analytic, advisory, and other roles. Consequently, it is critical that an economist is skillful at making statements and judgments on the function of government policies and can evaluate them to determine the...
Introduction Globalization is an aspect that has changed the way national and international businesses are carried out; it is an aspect that has totally removed barriers between countries, encouraging cross-national business to take place. At the same time, globalization has encouraged most companies, specifically from developed countries to initiate business...
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...
Abstract The paper provides a critical review on a journal authored by Nichols, Raska, and Flint (2015). The authors conducted a millennial customer research on the impact of buyer humiliation on volume and worth. This journal was based on how millennial and non-millennial clients were affected by their emotional impacts...
Economic The 2008 financial crisis had had greater effect on the housing industry. However, in 2010, the industry has regained its normalcy of recording positive revenues. Following the re-structuring that characterised the industry in 2009 and 2010, the available data indicate that the turnovers of the top firms rose by...
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...
Introduction With the endless demands that life has and the scarce resources consumers are endowed with, consumers are faced by challenges in making choices on what to spend and on what can wait for another time depending on the urgency of the need. Thus, it is important to note that...
Abstract The paper outlines the primary challenges of Zimbabwe economic system and provides a consistent account of inefficient economic strategies that disrupt the country’s well-being. The notion of Mugabenomics is reviewed in the case study. Due to the findings of the case, there is a threat of Zimbabwe becoming the...
As the borders between countries erode and different economies and cultures start to interweave, the world begins to be more and more defined by globalization. The new technologies and methods of communication and transportation make distances less and less of an obstacle, and it becomes easier to establish commercial and...
Introduction The American company Occidental Petroleum Corporation, frequently referred to as Oxy, is involved in global hydrocarbon exploration. It primarily operates in a number of industries, including the chemical and oil and gas sectors (Oxy, n.d.a). Around the world, particularly in the Middle East, Africa, and Latin America, Oxy manages...
Introduction This memorandum report identifies and explains key microeconomic principles using a set of simulation games. The outcome of these games illustrate how microeconomic principles can be applied within real-life situations to help us make better business decisions. This report is a summary of the simulations I played and their...
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...
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...
Ukraine was the vital pillar of the Union of Soviet Socialist Republics and the main enemy of United States. The country became the second-most extensive and influential among the fifteen Soviet countries after Russia. Ukraine acted as the headquarters of the Russian navy fleet in the black Sea and a...
Introduction The history of banking began around 2000 BCE in Assyria, Sumeria, and India when wealthy families kept gold and silver coins in their homes. However, in the U.S., the banking system was started in 1782, where the first real bank was chartered in the then young republic. Hiding of...
Introduction Bitcoin is an online version of cash and can be used to purchase products and services from retailers and merchants who accept them. There are several ways of using bitcoins, and the variety of options makes it favorable to many. Bitcoin provides peer-to-peer transactions and encourages society to appreciate...
Introduction The French socio-economic model’s specificity is the state’s traditional high role in the economy. After the Second World War, indicative economic planning and a comprehensive social protection system were created, and by the mid-1980s, as a result of three waves of nationalization in 1936, 1945, and 1982 the largest...
The most popular method of forecasting exchange rates is called the theory of purchasing power parity (PPP). The PPP principle is based on the theoretical “law of one price”, according to which identical goods in different countries should have the same price (Jabbie & Jackson, 2020). For example, according to...
Introduction The presentation highlighted the structure and functions of the World Bank and the United Nations in the global arena. The discussion centered on the reasons behind the formation of the two organizations and their sources of funding. A comprehensive assessment of their specific roles concerning the alleviation of poverty,...
Introduction The 2015 historic international agreement on the Sustainable Development Goals (SDGs) encourages all parties to establish and construct efficient local implementation systems. The policies require that members work with the World Bank to gather and evaluate data for measuring progress (Roa et al., 2019). This essay examines the role...
Jane Schneider’s interpretation of the fairy tale in which the demon offers to help a young woman spin straw to gold is the depiction of how industries have thrived at the expense of social welfare. The argument can be supported further by Jane Collins’ statement that the corporations subcontracting garment...
Economics is a complex subject that contains numerous problems affecting humanity. Paul Romer, who received the Nobel Prize award for his explanation of the continuous growth of markets, provided people with an understanding of a critical concept of how markets behave. The writer’s praise for Paul Romer is well-deserved, as...
Difficult economic periods in the country have a significant impact on people and their habits and behavior. One of the most critical periods in the United States of America was the crisis of 2008, which greatly affected the life of society. The main economic consequences of this period were an...
Introduction The work of any company critically depends on its ability to analyze the market and its target audience. The fact is that the modern business environment is a complex phenomenon impacted by numerous factors. It also means that companies have to work in a highly changeable environment as altering...
Introduction The fourth industrial revolution marked a period of technological development in the last half of the 18th century that has mainly changed the manufacturing, assembling, textile, and economic growth in the European and other Asian countries. Most commodities that were being crafted by hand initially have started to be...
In the Weekly Economics Podcast, Thomas-Smith (2020) describes recent job losses in the United Kingdom due to the pandemic. In this episode, Thomas-Smith invited Alfie Stirling, a head of at the NEF, and Nikki Pound, a support officer in Policy and Campaigns at the TUC, to discuss the unemployment problem...
Introduction It is important to note that international finance is a complex and multifaceted subject. An individual seeking to understand the field and its dynamics needs to be able to explore the methods used to conduct international business in the multinational financial environment. He or she needs to have knowledge...
In the introduction, the video introduces the history of paper money, talking about gold and tobacco. Then, it moves to discuss inflation in the United States. Between 1972 and 1978, wages grew, but the increase in income tax lowered the buying power of people – this is called “taxation without...
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...
Any organizational process is based on the logic of a systematic approach (Teece, 2018). Systems theory assumes that a system consists of interdependent and interconnected parts that interact during the workflow (Gordon, 2022). Contributing to each other, the elements stimulate the well-coordinated work of the organization without failures and weak...
Introduction While ‘some’ time has passed since 1962, Milton Friedman’s essay titled “Capitalism and Freedom” remains relevant to this day. According to the philosopher, who ascribed himself to the conservatives, the capitalist system was inherently more effective for facilitating democracy in society because it dispersed resources between individuals. He openly...
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...
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 The eradication of hunger and consequent malnutrition is one of the most critical tasks of contemporary history. Malnutrition causes detrimental physical and mental suffering and hinders progress in many other areas of development, such as education, the economy, and the workforce. The number of people worldwide who do not...
The budgeting processes of a company and a government have several differences. Governmental budgeting is less flexible compared to business; it requires allocating resources regarding various federal agencies. Authorities adopt top-down budgeting considering fiscal stress (Hendrick, 1989). A top-down approach means that the government implements the budgeting process with minimal...
Initial Situation and Motivation The topic of behavioral economics is interesting and relevant because it outlines the possibility of deploying mechanisms that could affect a number of essential business variables, such as labor markets, private finance, and personal health. Knowing that financial regulations and healthcare provisions are being developed at...
Introduction Inflation measures how expensive a particular category of goods and services has become in a certain period, usually a year. It is a rate of increase in commodities prices over a certain period. It is usually measured broadly, such as the increase in the cost of living or the...
Primary and Secondary Markets When it comes to financial activities, it is necessary to understand the difference between primary and secondary markets. They are distinct phenomena, and traders, investors, and other stakeholders should know how they vary. Primary and secondary markets are different according to their overall purpose, mechanics, and...
In a civilized modern state, private business harmoniously complements public administration and trade spheres. Services and goods are distributed in many areas intelligently between private individuals and the state. These individuals are bound by the laws of their country and take full responsibility for providing quality services and goods. The...
The decline in stock production in market in October 1929, which was accompanied by calamity, resulted in numerous Americans suffering from economic declines. Millions of people ended up losing their job, which was associated with a reduction of their incomes. Moreover, this led to a reduction of learning period in...
Introduction and Research Design The reflexive practice involves assessing an individual’s thoughts due to their professional development. As a result, the scope of this research is to determine the role of reflective practices and the essence of self-awareness on financial managers. I selected self-awareness due to its integral role in...
The Great Depression will always be remembered in the history of the U.S. and Canada as one of the darkest and most desperate times. However, for Canada, the economic recession observed on the nationwide level, also elicits an overwhelming feeling of shame for a good reason. Unless the excessive focus...
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...
Background The COVID-19 pandemic has significantly influenced not only individual companies but also entire industries. Among them, one of the most affected is the airline industry. In 2020, the International Civil Aviation Organization estimated that the pandemic could result in a reduction of about 1.5 billion passengers and 71% of...
The quality of Indian politics has reduced drastically over the course of the past two decades. This happened because of the changing modern-day realities that averted many political figures from living up to societal expectations (Sinha & Wyatt, 2019). Even though there are numerous policy projects pushed by interested parties,...
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...
