2444 samples of this type
Introduction Crude Oil or petroleum, as we all know is the world’s most robustly dealt commodity. In her book Oil: The Economics of Fuel, Joann Jovinelly emphasizes the importance of this source for the whole world and the USA in particular (2007). It is extracted from the earth through oil...
Executive Summary Two important factors for understanding how to improve the success of service-oriented businesses are customer satisfaction and service quality. This analogy is true for telecommunication firms because their success depends on their service quality. Therefore, to quantify their success, they need to measure their service quality. However, service...
Benefits of Economies of scale A franchise firm is big company which means that their cost of every unit sold or produced is lower and this implies that they earn higher profits; thus, as the firm expands, the cost per every unit sold or produced significantly reduces (Abraham, 2007). Franchise...
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....
Introduction The Net Present Value Rule (NPV) states that in the case of a positive NPV, an investment is to be accepted and in the case of a negative NPV, the investment should be rejected. The NPV Rule stipulates that by investing in the projects that have the NPV over...
Introduction Internal control is a vital process because it gives reasonable assurance about the activities of a company and compliance with laws and regulations. Control activities seek to minimize the risks that companies face. The management often comes up with internal control measures depending on the risk level of each...
Introduction The Microsoft Corporation stands out in its market position as the number one supplier of computer operating systems whereas the company holds a significant market share worldwide. In the course of its operations, Microsoft has faced legal problems in connection to its monopolistic tactics. In 2003, a United States...
Introduction Background and context The modern business environment could be characterised by the unique diversity and tendency towards the globalisation. However, at the moment, we could observe the overwhelming prevalence of a small number of companies and the dominance of western economies when developing states have few opportunities to enter...
SuperFreakonomics is a book by Steven Levitt and Stephen Dubner which serves as a follow-up to their previous work, Freakonomics. Their second work is built mostly around the premise of providing real-life examples of economic principles in a convincing and accessible manner. However, unlike the first work, which took advantage...
David Ricardo was a modern orthodox economist whose main ideas centered on positive economics. He is notable for his contribution in economics during the classical period of economics. The period lasted about 100 years and his book “On the Principles of Political Economy and Taxation” that was published in 1817...
Executive Summary Effective inventory (cash) management is crucial for achieving optimised supply chains and cost reductions to remain competitive and resilient in turbulent times. Retail banks must efficiently process and deliver cash to customers to lower inventory levels and reduce costs. They employ demand/supply strategies to ensure optimised replenishment of...
What is the current macroeconomic situation in the U.S? The macroeconomic situation in the US is currently faced with high inflation rates, which paint a gloomy picture to many US citizens (Baumol & Blinder, 2011). In the recent past, the US has come out of a recession that affected the...
The indicators used in developing the Market Potential Index (MPI) include the market size, which is based on the amount of electricity consumed in a specific market and the urban population with an aggregate weight of 25/100. According to Eizenberg (2014), economists use the Market Growth Rate (MGR) to determine...
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...
The paper tries to detail why it is a requirement for companies to adhere to the generally accepted accounting principles when following the rules of financial reports. Starbucks has been used in the paper as an example as they are a major company that adheres to the set standard all...
Abstract The rising inflation affects the UK housing market and has caused significant fluctuations. Research findings report that the current inflation rate is 9%, an increase of more than 1.5% from the previous year’s recorded rates. However, the trend in the increasing rate of inflation has been experienced for the...
Introduction The French socio-economic model’s specificity is the state’s traditional high role in the economy. After the Second World War, indicative economic planning and a comprehensive social protection system were created, and by the mid-1980s, as a result of three waves of nationalization in 1936, 1945, and 1982 the largest...
Introduction Financial support for science, technology, and innovation is becoming increasingly relevant and changing its meaning. There are also the latest, complex funding mechanisms that are designed to influence the conduct of scientific research. When discussing the applied nature of some scientific research, it frequently refers to business involvement in...
Introduction Individuals contribute item reviews, information about a service, food or wellness advice, admonitions regarding things, instructions on how to use certain items, and more aspects as customers. The purpose of this work is to investigate the impact of social networks on the decision-making activities of customers. The use of...
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...
Introduction Public policies are crucial to promoting public economic well-being, health, infrastructure, and K-12 education accessibility. In Texas, recent financial reports have revealed an increased concentration of wealth among high-income households. Local and state tax policies have played a major role in promoting inequality (Lavine). Texas’s tax system is primarily...
Economics in One Lesson by Henry Hazlitt provides essential information about microeconomics that non-economics professionals need to know. The author provides examples of major economic misconceptions, public misinterpretations, and public policy failures. Mostly, the author talks about economic policies and their consequences. Hence, the basic rule of economics “consists in...
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...
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 Numerous experts are unanimous in stating that globalization is a leading feature of the modern world. This term denotes that numerous nations establish close economic, political, and cultural ties with one another so that physical borders almost disappear. However, globalization is not equal to global trade, which denotes that...
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,...
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 Research Question: How does the pearl industry cause shifts in demand and supply, demand elasticity, and externality in Australia? Pearls are found in mollusks or oysters, and they are grown in limited areas of the ocean. They exist in different colors and shapes, and their prices are dependent on...
Introduction Canada’s economy is among the most sophisticated and most prominent globally. The country’s overall gross domestic product (GDP) in real USD was $1.64 trillion in 2020. As a result, Canada is now the world’s tenth-biggest economy. Exports and imports of goods and services account for around one-third of the...
Research Rationale Celebrity endorsements positively influence buying intentions, brand identification, memory, and purchase behavior. In addition, celebrity ratification surpasses a positive frame of mind toward an organization; however, there is little evidence on whether an international or national star has a similar influence on product standards in the local market....
Introduction For centuries, sugar has been considered a commodity of high trading value. Sugar plantations were profitable to the extent that sugar was called “white gold” because of the high demand for it on the market. Being extracted from a plant called sugar cane, it has been the backbone of...
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...
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...
Despite the general rapid development of humanity over the past decades, a large number of global problems have arisen: climate change, natural disasters, political and social instability, and wars. All these conditions have led to the need to create a completely new type of behavior directed at more efficient and...
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,...
The essay demonstrates the most crucial digital opportunities and threats for a commercial bank. In addition, the strategies to reduce the number of abandoned baskets are discussed. Notably, nowadays, digital currency is one of the most influential trends in the financial industry. Xu and Tang (2020) claim that central banks...
Introduction A household, a society, and an economy are all faced with certain decisions. Since human beings form a part of the groupings, they make key resolutions on behalf of the community. The conclusions that I make are important because of the scarcity of resources. Resolutions that I make must...
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...
The population of the aboriginal communities has rapidly risen over the last decade, and so has the economy. This growth has led to the rise in the supply of the workforce and the demand for social entities. Though the Aboriginals’ economic status has risen over time, they are still faced...
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 According to the American Gambling Association, most American voters believe casinos help strengthen their communities and improve local economies. – Lim and Zhang. Growth and Change. For each country, economic development is one of the most important areas of activity. Thus, the state applies various measures to improve this...
The Stanford Center of Poverty and Inequality does an in-depth job of finding causes and capturing statistics on poverty and inequality. This website researches education, labor market, income differentials, legal issues, and incidents of discrimination, as each case in these areas, have an impact on poverty and inequality. For example,...
Introduction The impact of small and medium-sized enterprises (SMEs) on the economy of a country cannot be neglected. The concept of SMEs is defined as small and medium enterprises depending on the number of employees. In the UK, a company is considered small with up to 49 employees and medium...
The central bank of the United States is found in the state of New York and New Jersey, which was first proposed in 1913. The Bible questions (Carroll et al.,2008) the amount of American economic power that governs the nation. Three legal norms include money-related corruption, a wide range of...
Food trading is a peculiar area, as food is the basis for surviving the population. In that way, the one who controls food production and trading routes, also controls all populations which feed on those sources. It is true not only for food but also for agriculture in general, such...
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...
Introduction Germany is a country that has a long history and has always been at the forefront of global economic development. At the same time, in the 1990s, Germany’s economy encountered a downturn which gave the country the name “The Sick Man of Europe” (Notermans & Piattoni, 2021). Still, Germany...
In the modern world, there is a high level of competition between companies, with their pricing strategies being crucial factors that impact customers’ loyalty to a brand. The existing pricing strategies differ in their use by numerous organizations, especially in the marketing strategies of those organizations on the Internet (Ali...
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...
I have listened to a TED talk by Kate Roworth, “A healthy economy should be designed to thrive, not grow”. She talked about an important topic of redefinition of the typical economy that is center only on growth. I learned there is another way, an alternative to humanity’s development. The...
Abstract The customer behavior concept is the study of how individuals make purchasing decisions. It assists businesses and marketers in capitalizing on these behaviors by anticipating when and how a consumer will buy a product. It aids in the identification of factors that influence these decisions, as well as the...
Production Possibility Frontier graphs are widely used both in macroeconomics and microeconomics. For the first case, the graph might show the level of efficiency in the production of several goods for a nation, for the second—is for a company (Krylovskiy). In the paper, a graph that reflects the hypothetical PPF...
Market Inefficiencies Caused by Monopolies The simulation game taught me that monopolistic models are detrimental to both market actors and consumers. The dominance of monopoly in the marketplace produces two types of inefficiency, namely consumer exploitation and allocative inefficiency. When only one entity rules the entire market, consumers cannot purchase...
In America, the majority of citizens wish to live the elusive American dream. However, the idea of being financially comfortable does not always come true for everyone, especially for families living below the poverty line. It is even harsher on children who live in such families. In the PBS documentary,...
Food, beverages, and medicaments are an integral part of an average American’s everyday life. Unfortunately, modern food and medical products companies can use substandard or hazardous food additives and disrupt storage or transportation conditions. Thus, public health may be at risk, and the Food and Drug Administration’s mission is to...
Walmart, one of the world’s largest retailers, owns sub-brands that manufacture products of different categories. Equate is a sub-brand that produces pharmaceuticals and cosmetic goods. Due to its affordable price and quality, Equate has stable sales of various drugs, but Ibuprofen may be considered one of the most popular medications...
In this video, McKenna, the audit consultant, and independent journalist focuses on two myths. The first myth refers to the assumption that shareholders damage corporations and the public. McKenna mentions professor Stoute and her book, where she states that there is no legal duty in corporate law for corporations to...
In the 1960s and 1970s, a peculiar trend emerged in world social thought —dependence theory. Other variants of this trend are dependent development, dependent capitalism, peripheral development, and peripheral capitalism (sometimes this trend is called dependentism). Representatives of the scientific community of Latin America play a significant role in this...
Introduction Nowadays, companies do not only have to assess the demographics of their target consumers but pay close attention to their values, habits, and lifestyles. Dividing people by generations may seem oversimplified at first. However, this is an efficient method, which provides insights into a certain group’s psyche and behavioral...
Reasons why Modigliani & Miller’s propositions were initially misunderstood Modigliani and Miller’s propositions were initially misunderstood because of the irrelevance of the propositions that were proving to be irrelevant, still raising hackles in academic circles. The criticism revolving around M&M’s failure to recognize the great importance of adhering to taxes...
Description of the Primary Target Market A primary target market is a segment of a market section that the business believes will provide an opportunity for it to sell its products or services. My full-service beauty salon business seeks to attract these potential consumers to purchase the services and products...
Globalization is an ambiguous process with its advantages and disadvantages. It is impossible without significant changes in the ordinary life of people. Globalization even affects such processes as training and the development of additional skills to work in the field where changes are taking place. This process aims at changing...
Introduction Selection of market securities that would be included in a certain investment portfolio requires scanning of various instruments in diverse financial markets. The markets from which the market instruments are picked include the capital market and the money market (Jordan, Miller, & Dolvin, 2012).The capital market is involved in...
Initial Post Part A: Simulation Simulation in Excel is a simple task that does not require much time. If one needs to simulate random values, he or she may use simple functions of RAND or RANDBETWEEN functions. RAND function provides a number between 0 and 1 with a low probability...
Abstract This report compares the great depression of 1929 with the financial crisis of 2008. The basis of comparison is with respect to outset, causes, effects and nature. The report describes the general factors that are likely to cause financial crisis. It also includes the various forms of financial crises...
Economic activities are internationally integrated at present to an exceptional degree. Alteration in one country’s economy can be swiftly transmitted to its business partners. The rise and fall of economic activities are replicated almost instantly on fluctuations in exchange values. As a result, multinational corporations having incorporated cross-border productions and...
Introduction Foreign Direct Investment (FDI) is regarded as a fundamental form of global capital flow (Cywiński & Harasym, 2012, p. 35). FDI has a considerable effect on both home and host economies. From the home country’s point of view, FDI is considered to be a convenient means of capital and...
Capital controls are critical for any country, including Venezuela, as they provide an opportunity to have a particular rate of exchange for a long time without a threat for the reserves of both hard and foreign currencies (Schulze, 2000). Unfortunately, such control is rather expensive for the investors, which makes...
Introduction The UK automotive industry has been playing a vital role in the economic growth of the state and its business development, and Rolls Royce is an essential part of the UK car manufacturing legacy. After Rolls Royce had garnered enough public praise and attention as a luxurious brand, the...
Abstract The National Bank of Bahrain is the nation’s first locally-owned bank, founded in 1957 and owned partially by the country’s government and partly by private investors. This report attempts to analyse the characteristics that determine its attractiveness to investors, namely its financial structure and corporate governance framework. The former...
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...
Budgeting is not an exact science, and its success depends on the precision of estimates. Estimates are based on facts and managerial judgment, which can suffer from subjectivism and personal biases. The accuracy of budgeting therefore rests on the adequacy of management. Where management is optimistic about future prospects for...
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,...
Understanding the correlation between demand and supply is one of the fundamental requirements for gaining competence in economics. The specified correlation represents the primary ratio that defines the emergence of new companies, the choice of business strategies, and the changes in communication approaches. Therefore, determining the demand and supply curve...
Consumer Price Index (CPI) The current indicator is 255.77 (May 2020) (United States Consumer Price Index); a monthly parameter (255.90 in April). The decline is caused by the current epidemiological situation. The quarantine regime has led to economic difficulties. Unemployment Rate The current data is for June 2020 – 11.1%...
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...
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...
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 Health insurance is an evidence-based safeguard that ensures that more citizens get timely and sustainable medical services. Third-party payers are entities that pay healthcare claims on behalf of their respective clients. Some good examples of such stakeholders in the United States include insurance companies, employers, and government-sponsored agencies. This...
In modern times, the entire human civilization is defined by the capitalistic approach to all relationships among people and countries. The current world paradigm calls for focusing on materialistic benefits and idolizes the pursue of profit as an accurate measure of one’s happiness and success. Pope Francis insists that living...
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...
The World Trade Organization (WTO) is one the most vital parts of the modern trade. It is an intergovernmental organization, regulating sales across the world. It has a long history, which can be traced back to 1947. Providing a forum for negotiating agreements the agency is responsible for the world’s...
Main Argument The main argument put forward by Marx is that primitive accumulation of capital has come to play a relatively the same role in political economy as the story of original sin plays in theology. When it comes to the history of capital accumulation from its primitive form, any...
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...
The United States employed fiscal and monetary policies to respond to the Great Recession of 2008. The Federal Reserve, Congress, and Bush and Obama administration responded well to the financial meltdown. The fiscal policy entailed an increase in government spending coupled with tax cuts. The fiscal policy spurred economic growth...
Introduction Mrs. D’Maggio owns two sets of supermarkets with the same demography, under the name Dmetto. However one of the supermarkets Dmetto Main and is in a developed but residential small town, while the other one Dmetto Supper is in a developing and agricultural location. SWOT (Strengths, Weaknesses, Opportunities and...
Introduction This is a broad term that can also be referred to as global development. International development generally summarizes wider categories of multi-disciplinary context involving human developments. The main aim of global development is to improve living standards, alleviating and eradicating poverty among the human population globally. International development goals...
Introduction The last twenty years have witnessed several innovations which have made several implications to the financial sector. There are many instruments that have been employed by financial institutions like banks since 1970. Some of the innovations are: butterfly spreads, Eurobonds, program trading, collateralized mortgage bonds among others. These innovations...
Introduction Major corporate financing decisions center round selecting in between equity and debt financing. Finance managers sourcing funds for any new capital projects are likely to look at borrowing options, as such decision may not lead to cutting of dividends or to make a rights issue of equity. The decision...
Introducton Procter and gamble company began its operations in the year 1837 and immediately after the Second World War it globalized its operations. P&G as it has come to be known focuses on transforming slow-moving products into promising business ventures. The company has been said to concentrate on its core...
Micro Economic Theory The micro economic theory is a function of many micro economical factors that relate to internal affairs of a given company. The micro economic theory is based on the fact that a company’s operations and success is primarily based on the company’s position in terms of its...
The research paper relates to Sysco Corporation. The firm’s background information has been given with reference to the products that the firm deals in. A set of objectives for research paper are outlined. The core objective of the research paper was to conduct an analysis of the barriers that Sysco...
Introduction As defined by Muhlbacher, Helmuth & Dahringer (2006:14) international business refers to all business transactions and trading relations that exist either between two countries or among multiple countries. It involves exchanges of good and services between or among countries within an established set up of both legal and international...
The 1990s saw the term globalization become more apparent in the west mostly in the disciplines of politics, sociology, mass media, and economics. Various definitions have been developed in an attempt to fully capture all the elements inherent in the process. Generally, it is seen as the process through which...
Introduction The current global financial crisis has led to an increasing number of market and financial analysts studying the relationship between the housing markets on the one hand, and the prices of stocks, on the other hand. When the housing market slowed down, there was also a corresponding decline in...
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...
The Gulf Cooperation Council (GCC) is made up of the countries that constitute the Arabian Peninsula except for the Republic of Yemen. These countries are Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Bahrain, and the Sultan of Oman. The aim of the GCC, which is largely political, is to...
Abstract Much can be said about the differences and similarities of the IMF and WB. But that is not the concentration of this paper. Instead, this paper shall concentrate and focus on the various functions that fall upon the International Monetary Fund as a part of the world economic foundation....
Introduction Money is the issue of the economy, due to the political and social, and other factors affecting different aspects of life and household. Money is an asset, making positive or negative or some other functional effect. Goods, demands, propositions are constantly dependent on the money supply. And the money...
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...
Introduction Priority areas for the development of domestic policies regarding the allocation of budgetary funds are the essential components of economic development. Relevant strategies aimed at controlling costs, the growth of public debt, and other aspects are designed to regulate cash flows and prevent potential financial crises. In developed countries,...
Introduction Among a variety of factors that can influence students’ pursuing a postsecondary education, parental income plays one of the key roles. It is important to determine whether there are any changes in trends for the years of 2001-2014 in students’ enrolment in postsecondary education based on the factor of...
Recent economic analysis of real wages in the United States over the past four decades shows that there has not been a meaningful growth in income despite the yearly adjustments of salaries and wages (Tyler, 2018). The annual increase in wages of American workers does not demonstrate an actual improvement...
Country’s Macro Environment The Description of the Country Mexico is a country with a total population of 129,163,276 (as of the end of 2017) that is located in the Southern area of North America, having borders with Belize, the United States, and Guatemala (“Mexico: Introduction,” 2018). The country’s income level...
Introduction No business operates with infinite amount of resources. All production eventually faces the issue of scarcity related to employees, equipment, materials, and other related costs. Determining optimal operations capacity in regards to costs is paramount to minimize expenditures associated with production and maximize profits in short and long-term perspectives....
The stock market and the sphere of securities are areas that can help to make a good profit if the participant is well aware of all their features. However, without the relevant knowledge and reliable information on the nuances of buying and selling stocks, a newcomer can waste money. An...
Introduction In Chapter 7, Wheelan provides an overview of the basic mechanisms of financial markets. The ideas presented by the author can be used to discuss this case study. The chapter is also written in a manner that ensures numerous illustrative examples, which helps to understand the notions, mechanisms, and...
Introduction The company budget is based on the ‘Use It or Lose It’ budgeting approach. As such, various departments have the propensity to utilize idle financial resources toward the end of every financial year. It is generally observed that this spending tendency is ostensibly based on the notion that the...
According to FACB Accounting Standards Codification (n.d.), ASC 450 “Contingencies” covers the three topics of gain contingencies, loss contingencies, and overall. Gain contingencies are claims for the reduction in a liability or rights to receive an asset. It is noted (450-30) that the codification provides “guidance for the recognition and...
Explain clearly how the natural rate of unemployment is determined in a wage-setting and price-setting model of the labor market In determining the natural rate of unemployment, analysts focus on evaluating price and wage settings in the labor market. In this regard, they analyze price relations within the scope of...
Comparing and Contrasting the Views of Stephen Brooks and Eugene Gholz In the past two decades, a multiplicity of analytical fulcrums have been advanced from diverse quarters about the role of globalization in either promoting or weakening national and international security. Many international relations scholars and security experts have taken...
Effect of the high demand for corn on its substitute soybeans and effect of the high demand for corn on soybeans farm An increase in the quantity demanded of corn oil will reduce demand for its substitute corn oil. Farmers will consider supplying more of the highly demanded corn oil...
Following the interview between a member of our research team and one of the directors of a bank, a multinational bank with branches all over the world, we were able to deduce the firm’s goals as follows; The vision is to be the champion of the socio-economic prosperity of the...
Opportunity Cost of Getting Education An opportunity cost refers to the cost that is usually the next best option available to a person amongst a set of mutually exclusive choices. This cost which is a fundamental concept of economics describes the basic relationship that exists between scarcity and choice where...
Hegemonic stability theory Hegemonic stability theory draws its ideas from the realist, liberal and historical, together with the structuralists views. It is often regarded as a hybrid theory. It emphasizes that for an open and balanced international system to be met there should be a sole dominating or hegemonic nation,...
Introduction The housing market of Canada is managed and governed by the Canada Mortgage and Housing Corporation. It provides up-to-date and reliable reports, which help monitor the Canadian housing market, analyze it, and make predictions about its development. This resource provides data related to the rental market, housing construction, mortgage...
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 article called Investing at Every Age raises the issue of investing that depends on the age and goals of a person. This is a highly relevant problem in most countries and communities. Investing is a complicated and very important process that requires knowledge and experience. However, most people...
Introduction Finances and exchange rates play a substantial role in the functioning of the international market while ensuring the circulations of goods and services. The importance of these economic matters cannot be underestimated, as the currency devaluation caused by the fluctuations in the exchange rates could be regarded as a...
Introduction Overview This chapter covers the background to the study, problem statement, research objectives, questions and the significance of the study. Background to the study In early 2013, the British Prime Minister declared that the country will vote to decide whether the country should remain or exit the European (Whyte...
Issue Brain drain is an inevitable and serious problem (as seen by officials, employers, analysts, and so on) that will undermine Canada’s international competitiveness. In the 1990s, up to 2% of the Canadian population left the country each year to find employment elsewhere (mainly the USA), and researchers note that...
Abstract The research study attempts to reveal new details about the generation of Millennials and their effect on the purchasing behavior of the fashion industry in the UK. In this instance, the central objectives are to not only discover the buying behavior of Millennials but also propose effective strategies to...
Causes of the 2007-2008 Economic Crisis The economic crisis of 2007-2008 had the most far-reaching financial repercussions for the U.S. economy since the Great Depression (Helleiner 2011). The significant increase in sub-prime mortgage defaults caused the bursting of a housing bubble. As a result of the growth in the number...
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...
The strategy adopted by Vue Cinemas to acquire Ster Century posed a potential threat to ticket prices because the company would gain monopoly power to control the pricing of products in the industry. Monopolies are companies with exclusive control in the market and in a monopolistic competition market prices are...
During the last several decades, Russia has been one of the leading importers of agricultural products globally. The country developed business relationships with different countries and established trade agreements in different sectors. However, the geopolitical events of 2014 created certain changes in the relationships between Russia and other countries (Liefert...
Introduction This paper is based on the topic of elasticity. It explores the topic by looking at the concepts of own price and income elasticity of demand. The paper also evaluates how the understanding of these concepts may help me as the manager of a luxurious family owned hotel in...
American society has to face a number of challenges in economics, politics, and healthcare. Human relationships depend on different factors, and economic factors play an important role. Society is divided on rich and poor, and this kind of inequality develops in the United States in its own way. During the...
The international monetary system is an international convention. It stipulates the rules that should be applied in international trade. The system also clarifies the means of payment that should be used in international trade. Generally, the international monetary system was set in order to promote international trade and investment (Hill,...
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...
Introduction It is necessary to mention that the influence of the capitalist market economy on impoverished working people is the topic that has been actively discussed over the last few years. Karl Marx and Adam Smith are two prominent figures whose works are praised and commonly studied. A contrast between...
Introduction Governments and international organizations spend a lot of money to sponsor a wide range of sporting activities, groups, individuals, and teams. This practice has been believed to transform the lives of many people in areas that have frequent sports and related functions. This happens to be the case because...
The globalisation of the modern world and appearance of companies that have their offices in numerous countries all over the world contribute to the increased importance of tolerance and improved comprehending of at least basic peculiarities of various cultures (Five steps to avoiding cultural mistakes 2014). In other words, when...
Introduction The period of the 1840s in the history of the economic thought is characterized by a significant controversy observed between the Currency School and Banking School. The debate influenced not only the British monetary system but also the approaches to the monetary policies in the United States (Block 15;...
Introduction Governance in the community must be performed through institutions that dictate the specific behaviour of the people and groups of people in the community. The power held by specific institutions depends on the mandates that they are granted by the law and their ability to compel other organisations to...
Neoclassical Neoclassical economic school of thought emerged in the early 1900s from what is known as the Marginal Revolution. It was a response to the Classic economic theory which did not accurately reflect items on the market. Ideas began to form which based value on the relationship between a buyer...
Introduction An iron ore deposit is a mineral collection of sufficient size, iron-content, and chemical composition with physical and economic aspects that makes it a viable source of iron either immediately or potentially. Economic viability is essential. No definite limits can be set on the size, grade, or mineral composition...
Markets and Resource Allocation Wheelan describes the mechanisms of the modern economic world as “mind-numbingly” complex ones (4). However, they are supposed to lead to the perfectly reasonable and profitable allocation of finite resources. It is so because economists assume that all the actions of people are directed at becoming...
Introduction Economic theories of the past have shown that they still have a positive impact on the improvement and development of the modern society. Economic theories have greatly facilitated the growth of societies by assisting them to reach their current state of being informational societies which have consequently become global...
Introduction Imperialism can be defined as a form of governance where the maintenance and control of a country’s power and resource are done by the military. Imperialism is also regarded as the highest form of capitalism, and it is very exploitative in terms of the country’s resource and labor forces....
Poverty is defined as the state of deficiency of a certain amount of material wealth or money. In common use, it normally refers to a lack of enough food materials, safe and clean water, healthcare and education, and clothing and shelter. World poverty figures have been rising since the second...
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...
Introduction The suggestion that the First Home Owners Grant is potentially being pocketed by developers rather than reaching first-time homeowners can be analyzed using economic theories such as the theory of subsidy incidence, the principles of supply and demand, and the concept of rent-seeking. The Theory of Subsidy Incidence The...
Introduction Equity schemes are often seen as preferable to grants for several reasons from an economic perspective, mainly due to their ability to prevent artificial price inflation and offer continuous support. Equity Schemes and Grants in Housing In the context of housing markets, equity schemes function by the government, providing...
Recently, the stock market has become one of the most interesting and main instruments for investing and raising capital by companies and investors. Most companies use the advantages of stock markets to attract public funding for business development. Thus, it is important to discuss how companies and different investors choose...
Securities play an essential role in the structure of the market economy, as they are an analog of money in the form of a document. Possession of them gives the right to receive a certain amount of funds or certifies property ownership. One type of security is stocks, which provide...
On October 24, 1929, Black Thursday, a series of bankruptcies on the stock exchange ended the general fun and lightness that reigned in the United States in those years. On Black Monday, October 28, the Dow Jones Industrial Average fell nearly 13%. The next day, Black Tuesday, the market fell...
History of China-Taiwan Diplomatic Tension For the past two decades, Beijing has demonstrated belligerent opposition against Taiwanese Independence since the People’s Republic of China (PRC) has considered Taiwan a Chinese territory since 1949. After losing the Chinese Civil War, the Republic of China (ROC) relocated to Taiwan and established a...
What is a HELOC Home Equity Line of Credit is a type of credit that is secured by a home and one is able to use it for anything. The way HELOC work is similar to the way the credit card is being used, it allows one to continually to...
