2401 samples of this type
After running the simulation, we have noticed that our profit in the first run is higher than in the second run, despite the lower possessed quantity of the product. Our market price was higher in the first scenario, making us more stable and confident in participating in the market competition....
Introduction The world is strongly connected and integrated, thus, a disaster in one region significantly impacts other areas. Therefore, one infected person led to a global pandemic affecting more than four million people. Such is the case that the world is experiencing now with the Covid-19 outbreak. According to McKibbin...
Production and Costs The Walmart-branded Equate pharmacy and beauty product line is the target product to analyze. These products are presented in a wide range and include cosmetic goods for body care and therapeutic drugs to maintain health (“Quality care begins here,” 2020). The factors involved in the production process...
Portland, Oregon will be examined to determine the current status of economic development. The resources for this study initially will come from public administrator generated information. The data will be assessed using S.W.O. T. Analysis. “Smart” Action Research will then be conducted to determine what specific economic development strategies may...
Introduction There are several types of foreign exchange rate systems namely; floating exchange rate, pegged exchange rate and fixed exchange rate system. In a floating exchange rate system, the market movements determine the rate of exchange. The government or the central bank does not interfere with the rate of exchange....
Hinterlands are the lands or regions behind a coast line served by a port as the terminal for commercial activities. These lands are where the port as a terminal draws its commercial activities from. The forelands are the lands beyond the sea serving as a destination of goods and services...
Introduction The federal budget of the United States consists of the spending and revenues of the U. S. federal government. As of now, the US government’s primary expenses include healthcare, retirement, and defense programs. Among the leading trends of the last five decades, the nonpartisan Congressional Budget Office reports the...
South African economy is the largest in Africa with a GDP of above $ 287 billion, and a 5-year average real GDP growth rate of 3.7 %. The country’s economy is driven by vast natural resources like gold. There are also very many different types of industries. In addition to...
Introduction In today’s global business environment, the major constituents are the high level of competition worldwide, swift automation of production and another process through advancement in computer technology and production techniques, increased regulatory measures being taken by the governments in different regions with respect to environment and health issues. Moreover,...
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 European Union (EU) has passed regulations that aim at governing the region’s energy sector effectively. The main aim of the legislation is to have separate producers and suppliers from the transmission networks. The unbundling regulations require energy companies to concentrate on production only, leaving out ownership of transmission...
The shelter is one of the basic requirements in everyone’s life. When undertaking some budget calculations, it is noteworthy to determine the possibilities that a person has. Nevertheless, the house that an individual can live in could be leased or owned. Before renting or buying property, someone should do some...
Introduction The purpose of this report study is to determine the reason as to why the United Kingdom decided to stand apart from the unification of European currencies as well as to determine as to whether the decision was beneficial to the United Kingdom.Also the purpose of the study determines...
The 1920s are believed to be a time of unbelievable economic boom in American history. During this decade, the economy of mass production thrived, as well as mass consumption. In his speech accepting the Republican presidential nomination, Harding promised a “return to normalcy” by the renewal of the practice of...
In life, people need to make a number of investments to secure their future. In some cases, they have to forego immediate gratification of needs and ‘wants’ to pay the price for a better future. For example, one may forego marriage to focus on investments meant to establish them financially....
Introduction Financial accounts have different users; each user has specific needs they require from the accounts. Financial account users can be defined into two main segments internal and external users; internal users interpolate, analyze, and make inferences from accounting information to make informed decisions. Some of the financial accounts statement...
The first customer category that is likely to be interested in a laptop is travelers. Their primary interest would be portability, which all such products provide to some degree by default (Idemudia, 2018). As Muller (2020) adds, they are also interested in battery life and screen brightness, as they expect...
The process of developing a new product is a complex set of various activities, closely related to one another. The process of product design and selection of technology, based on which production is organized, is an important process in the creation of a product. Product design and capacity determination are...
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...
An annual report is a summary of all financial operations of a company and includes detailed information about its assets, loans, generated revenue, and market value of the company. An annual report serves as a financial statement that describes how successful the company is, and must be accessible to the...
Performance of the stock The graph below shows the performance for the stocks of Newmont Mining Corporation and Fossil incorporated as well as the market. It shows that Newmont Mining Corporation was doing well in the market as compared to Fossil incorporated. Both their performance is in upward trend apart...
The current report aims to explore the different ways in which consumer behavior may be applied in hospitality business marketing. Marketing as a whole implies the utilization of a set of methods and strategies to facilitate demand and ensure clients’ favorable activity. Since the hospitality industry mostly deals with services,...
Panic-buying is a relatively common behavioral response to a crisis that people can exhibit in situations that they perceive to be dangerous and unpredictable. Yuen et al. (2020) note that this behavior was previously observed in the wake of major natural disasters, such as the Christchurch earthquake and hurricane Matthew....
Multinational corporations are the main subject of globalization in the modern world. These are enterprises that own or control production, distribution, service, or funds outside the home country. Trade unions were the first in world practice to be concerned about the uncontrolled actions of multinational corporations. They were worried that...
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...
Consumer behavior is affected by numerous factors such as brand loyalty, its remarkableness, consumer’s income, preferences, memory, emotions, to name just a few. Talking about my perspective on the issue, I should admit that my choice is guided by the attitude to the brand. Below, I will describe more precisely...
Introduction COVID-19 pandemic is one of the most impactful events of the first quarter of the twenty-first century that has an influence on almost every aspect of human lives. The global economy suffered severely from the coronavirus outbreak, as the global trade was affected considerably. According to Jones, Palumbo, and...
Business and entrepreneurship play an important role in the economy of the United States. American small, medium, and large corporations have the following ratios: 97–99%, above 1%, less than 0.1% respectively (Burns, 2016). The level of employment in large corporations in the United States exceeds 50 million people. Small (and...
Introduction Corporate Social Responsibility (CSR) denotes a firm’s practices that entail undertakings that benefit the surrounding community, for instance, offering a fraction of the business’ profits to charity, programs of environmental conservation and social welfare, and implementation of greener processes to mention a few. Currently, Corporate Social Responsibility acts as...
Buoyancy on the Bayou: Shrimpers Face the Rising Tide of Globalization by Jill Ann Harrison explores the effect of globalization on local worlds. In a series of interviews and insights into the life of Louisiana shrimp farmers, she explores how the introduction of low-cost shrimp, farm-grown in Thailand and China,...
Literature Review The topic of house pricing is very well researched. The housing market is often associated with large cash flows which make sellers and advertisers research the reasons and factors that affect the price of houses and apartments. Beijing as a capital city with a huge market for real...
Introduction The Federal Reserve Bank of Minneapolis (2010) argues that “the United States is in the midst of an affordable housing shortage or even worse, an affordable housing crisis”. The biggest concern now for the country is the fact that the majority of the people are living in unaffordable houses,...
The demand and supply of goods and services correlate as they are the two strengths in the market that determine the prices within the economic framework. Economics greatly relies on the demand and supply of goods and services as it is a social discipline that handles their production, distribution, utilization,...
This report looks at the general performance of the Shanghai Stock Exchange to try and come up with the reasons behind the successes of this Stock market in the past three to four years. Founded on Nov. 26th, 1990, and starting operation on Dec.19th the same year the Shanghai Stock...
Financial plans are long-range road-maps aimed at increasing return on investment, market share, and dealing with foreseeable problems. A financial plan is basic to risk management. Financial plans are prepared in order to establish a viable risk management strategy (Hisrich, Peters and Shepherd, 2013, p. 21). The preparation of financial...
Globalization is an incredibly complex phenomenon, all aspects of which are not fully understood. Politics, economies, and cultures are all affected by the process of globalization. While some might view it positively and believe that globalization leads to a greater cultural and economic integration which benefits the world as a...
Introduction Globalization is a term that is widely used in the in-depth study of tourism trends. Globalization is usually driven by a combination of political, economic, biological, socio-cultural, and technological factors. It enables countries to share and circulate different ideas, cultures, and languages. The effects of globalization in people traveling...
With the ongoing globalization process, the joint venture has become an essential expansion strategy in the world. Businesses and firms have opted to use joint ventures in order to maximize their production capacity and their profitability level. Basically, the joint venture is a special expansion strategy where a firm makes...
Introduction Over the past years, International Business Transactions have continued to grow as a result of the rapid expansion in technology. International business transaction is basically trade that is carried out among nations in order to expand and diversify their source of sales and obtain more resources. These business transactions...
Introduction In recent times, it has been found that corporations are enjoying too much power and with power, there are several vital problems associated. It appears that they almost enjoy the power of running a parallel government, like corporate espionage. There are several instances of issues related to ethical, environmental,...
Introduction The economy of the United States has experienced great turmoil following the global economic crisis of 2007-2010 periods. The crisis started in the united state and it spread to the rest of the world. The US economy suffered a lot and some of its financial institutions collapsed. Although the...
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...
Definition Monopoly refers to a market where a particular individual has enough control over the production or supply of a certain product or service to the extent that he can determine the terms under which other parties who are in the market can access the goods and services (Varian, 2003)....
It is the total monetary value of all products (goods and services), a nation or country produces within a specified period of time, usually a year. This monetary value is represented by profits, wages, and rents among others received by the Nation’s residents (Parkin et al 2000). This income represents...
The definition of Balance of Payments The term Balance of Payments (BOP) is used in referring to the methods that countries adopt in monitoring their global monetary transactions that have taken place during a given period. Normally the BOP is calculated once every three months and once in each calendar...
Outline Due to invention of highly developed technology business community has more and more become a unit and as a consequence, global business is the present form of trade in this 21st century. Also due globalization concept there have been immense disregard to countrywide boundaries, the governments of many countries...
The youth, according to the United Nations (UN), consists of people between the age groups of fifteen to twenty-four, with both the years inclusive. In normal practice, however, the definition tends to vary based on the political, cultural, and institutional cultures. In Britain, the term youth refers to those people...
Globalization refers to the “increasing interconnectedness of people and places through the converging process of economic, political and cultural change.” Currently, the rate of Globalization has continued to increase; the continued increase in the globalization rate can be associated with technological changes and advancements, among other factors. Globalization has brought...
Introduction The article under study is a report by Chris Isidore titled “Auto Sales Plunge” dated July 1, 2008 (Isidore, 2008). The car market which includes SUVs and pickup trucks has been facing a decline in demand in the US automobile market. The essay discusses the reasons for the shift...
Introduction The United States and Canada are the largest economies in North America. According to Pete (2015), there has been a raging debate as to which of the two countries is best to call home. Factors such as income and cost of living are some of the most important factors...
Introduction At a present stage of social and economic development of the world community still it is very important to achieve the reliable maintenance of the population of globe with food stuffs. The foodstuffs constantly acts as a necessary and uncontested part of fund of vital means, and increase for...
Apple Incorporated has a common stock that is traded on the Nasdaq Stock Market LLC. In 2018, the company had 12,600,000 shares authorized, 4,754,986 shares are issued, and 5,126,201 shares are outstanding (Apple Inc., 2018, p. 40). Apple’s treasury stock for the year 2018 is equal to $0, so it...
Introduction Thomas Oakley is an economist who has written the critically acclaimed book International Political Economy. In it, he discusses globalization, its drivers, and its effects on various actors in the international scene. The book distinguishes itself by its modernity and continuous updates that analyze new policies by prominent nations...
North-South Divide The North-South divide aims to outline the gap in economic development and the welfare of different regions. In general, one can argue that there is a clear divide between the wealthy and developing nations. The scholars of the 20th century conceptualized this idea, by creating the North-South divide...
Introduction The financial crisis of 2008 affected the economies of many countries across the globe. Many scholars agree that the housing bubble recorded in the United States between 2006 and 2007 triggered this meltdown. The discussion presented below uses the documentary “The Big Short” to give a detailed analysis of...
Introduction The financial crisis of 2008 affected cultural institutions across the United States. For instance, the Museum of Contemporary Art (MOCA) in Los Angeles found itself financially strapped and incapable of achieving most of its cultural objectives. The absence of government support and reduced endowment gifts forced many institutions to...
Abstract This paper outlines the knowledge management in the context of globalization and using personal experience with virtual learning. Both the class theory of organizational knowledge management and innovational strategies are reviewed. Companies will be able to use distance learning and other applications or platforms to spread expertise and competencies...
Theories of value by Adam Smith and David Ricardo explain why goods are exchanged for certain amounts of money in the market. Both theorists stated that labor is the basis of all value and that the value of a good can be estimated by the number of labor hours needed...
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....
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...
Executive Summary A large Canadian company is considering expanding its foreign operations to include Taiwan. It has an approximate size of 36,200 square kilometers. As a result, this country is an attractive market due to its large population of 23.5 million people. In this market, the Canadian company is expected...
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...
In my vision, protectionism cannot be undertaken in all cases; however, there might be a situation when I would be in favor of adding tariffs to imports. At times, foreign production starts permanently substituting domestic supply and hindering the distribution and development of internal products. It usually happens due to...
Introduction The problem of economic inequality and the uneven distribution of wealth has been scrutinized by philosophers, economists, and scholars for centuries, spawning numerous theories and assumptions. However, when considering the landmark pieces that have introduced an unexpected and even unprecedented interpretation of the subject matter and the influences that...
Introduction Multinational Corporations are complex in their operation (Jones, 2004, p.45). This arises from the fact that they involve a number of business units that are autonomous in their operation (Bohlander & Snell, 2009, p. 659). In their operation, MNCs are required to respond to diverse foreign issues such as...
Introduction 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...
Introduction The epoch of British colonialism in India was characterized by considerable changes that influenced Indian life and still echo nowadays. Today’s Indian economy is the result of a complicated period, where traditional order mixed with the British one and dissolved in it forever. The problem of the impact of...
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...
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...
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...
Current Ratio Current ratio is one of the financial ratios indicting the liquidity of the firms over the short-term. Current ratio is defined “as a class of financial metrics that is used to determine a company’s ability to pay off its short-terms debts obligations. Generally, the higher the value of...
Tarroc LTD Points to note: Tarroc is making normal profits. The industry is at its ‘long-run’ equilibrium. The scenario is given of the industry in which Tarrot LTD operates implies a purely competitive market. It is characterized by a large number of relatively small firms. These firms are considered price...
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...
Executive Summary This report carries an in-depth analysis of Topshop and Matalan in order to help Caifu to choose the best company to buy stocks. The report noted that both companies are facing decreasing sales due to the deflationary crisis in the UK. However, Matalan has poor management, which has...
Introduction Background of Study Globalization is the phenomenon through which countries across the globe are connecting through financial trade, political issues, transportation and operations. It is mostly termed as economic globalization since the economy of a particular country carries out trading activities in order to become a part of the...
Introduction The North American Free Trade Agreement, which has been in existence for seventeen years, was signed in 1994. This agreement created a free trade area between Canada, the USA, and Mexico. Since its inception, there have been critics and supporters of this agreement. This paper seeks to examine both...
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 Globalisation has been on the increase in the last couple of decades, as the world’s economy continues to grow. This has led to increased international trade. Most organisations are seeking to expand their customer base in the international market. International trade refers to the type of trade that occurs...
Introduction Unemployment is among the most significant challenges that influence contemporary economies. Indeed, even global economic giants suffer from the problem. For example, the 2008 to 2009 economic crisis in the US left the nation suffering from the problem of unemployment. After the recession, Rothstein and Valletta (2014) assert that...
For most intents and purposes, credit cards are superior to carrying cash. They are more compact and secure and can enable payments over the Internet. The situation for vendors is somewhat different, but credit card readers are becoming increasingly widespread. Nevertheless, many people prefer to use cash instead of cards...
Introduction For the last 30 years, bank institutions have represented more than half of the commercial lending sector and approximately a quarter of the entire corporate credit market. The institutions are cautious creditors and repeatedly work to make credit accessible to credit-worthy companies and individuals throughout the country. Bankers analyse...
Abstract This paper is based on the topic of Corporate Social Responsibility (CSR). It explores the topic through an analysis of a company selected from the database of the world’s most ethical companies. One of the issues which are discussed is how the company behaves in a socially responsible manner...
Introduction Most governments across the world have applied some of the remedies prescribed by the 19th century economists. Some of the solutions applied include progressive tax rates, low population growth rates, minimum wage rates, and educational training. These remedies appear inadequate in preventing the prevalence of income inequality. Even in...
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 The concept of fair trade is typically viewed as beneficial to buyers. Indeed, the very concept of fair trade implies that no overpricing should occur when carrying out essential financial transactions between the suppliers and the producing companies (Delgado 2013). Therefore, the phenomenon of fair trade encourages sustainable development...
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,...
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...
Introduction Pair trade is a market-neutral trading technique. The approach helps business persons to benefit from any market conditions. It is made up of two categories of trading. The clusters include statistical arbitrage and convergence trading plan. The pair trading strategy was developed by Gerry Bamberger. In the mid-1980s, the...
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 Unemployment rate refers to the percentage of people within the available labour force who do have jobs and are actively looking for one (Boyes & Melvin, 2005). Unemployment rates cannot be reduced to zero, which means every economy has some level of unemployment. However, these unemployment rates are of...
Abstract The high growth rate of demand and the high price premiums charged on organic food are the main drive of the organic food market. The U.S. organic food market is the largest in the world. In addition, demand is growing at a higher rate than in most countries. The...
Outsourcing can be regarded as one of the byproducts of globalization. Many early movers benefited from this strategy especially when it comes to the production of the products (Carbaugh, 2015). Outsourcing has been associated with a competitive advantage, but it led to significant losses for some firms (Mourdoukoutas, 2013). HP...
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...
Tracking down the progress of an organization is an essential part of the analysis that helps locate the problems and obstacles that a firm may face (Majumdar, Das, & Alagirusamy, 2012). Therefore, the application of control charts as one of the most efficient tools for the analysis of the company’s...
Introduction This paper is based on the topic of consumerism. It explores the topic by looking at the problems of new consumerism and how they may be addressed. It is argued that new consumerism is exacerbated by the conventional view that the consumer knows it all. The paper is based...
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...
General Issue Free trade is considered the predominant economic approach worldwide, with many countries subscribing to free trade entirely or partially. The idea is that through free fluctuation of goods and services, inefficient premises are removed from the market, and existing ones provide the customers with the best quality of...
The topic will illustrate the digital currency and its effects on consumer behavior in Saudi Arabia. A digital wallet is any program, electronic gadget, or internet service that enables people or organizations to conduct transactions electronically. Along with other things like gift cards and driver’s licenses, it keeps users’ payment...
Introduction The Capital Asset Pricing Model (CAPM) is a model that shows the relationship between the return and risk of investing in stocks and other securities. The return on securities using this formula is equal to the risk return plus the risk premium (Ayub et al., 2020). Discussion The risk...
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...
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 worsening shortage of resources is one of the true underlying causes of the escalating and latent maturing local, regional and global problems of the new millennium. The existence or absence of the necessary natural resources directly affects the living standards of earthlings, the prospects for the socio-economic development of...
Introduction 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...
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...
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...
Introduction In business economics, other than the mathematics involved, some factors must be considered significant considerations when making conclusions. One pertinent consideration is the fact that financial decision-making is different from others. As one of the best business economists, Adam Smith highlighted this in his book The Wealth of Nations...
Introduction Shared Consumption Experiences was published by Rebecca Hamilton in Impact at JMR in 2021. The article discusses the subject of consumer behavior; however, contrary to other research made on the topic, Hamilton (2021) focuses on the experiences of a group rather than an individual. It is found that shared...
Introduction The effects of inflation have been detrimental to many commercial enterprises worldwide. It is due to prices of the factors of production have increased, resulting in a rise in production costs. The finished product cost usually goes up to provide the means for the company to continue operating profitably....
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...
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...
Introduction At its core, the state represents the intersection of its political, economic, social, and cultural elements. Due to the cultural differences in world views and visions of how society should work, many diverse political ideologies were invented and implemented economically and socially. As a consequence, the economic organization was...
Stock investment and trading are some of the most profitable yet volatile ventures in the history of economics. As a result, several factors determine what type of investments should be made in the stock market and when they should be executed. In a nutshell, the potential perforce of a company...
Introduction The functioning of the national financial system is reliant on the effectiveness of the management of macroeconomic factors for the stability of the domestic market. In the United States of America, the federal reserve has been established as a tool for regulating the economy of the country and balancing...
Introduction Budget credibility is a crucial concept in public financial management (PFM) that determines how reliable and transparent government spending is. In turn, high budget credibility improves public trust in the official fiscal strategy, reduces the risks of corruption, and represents more accurate monetary planning and financial policies. Ultimately, the...
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...
Introduction Change in the competitive domains of several firms, technological advances, improved cross-border labor, and Foreign direct investments are the leading forces that are responsible for the contemporary internationalization of various enterprises. Mainland China has got a substantial number of multinational corporations that are rapidly growing. Some examples of the...
Introduction At its core, economics deals with people’s decisions to sustain the scarce amenities available to them. Microeconomics is the subdivision of economics that relates to the choices made at a personal point. The choices made may include clients and companies that a person makes after analyzing resources, costs, and...
Introduction The global economy of the modern world forces economists to consider all of its parts, including East Asia since they influence the market altogether. As highlighted in Africanus (2018), “rapid structural changes from agriculture to manufacturing, rapid employment growth, and improvement in health and safety standards” led to the...
The wage system in the restaurant industry differs from the rest of the business segments. Black (2021) writes that waiters in cafés and restaurants have a particular type of minimum wage for tipped employees, which is significantly lower than the standard federal minimum wage. As a result, waiters rely on...
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...
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: Gross Domestic Product (GDP) and Growth The decade between 2010 and 2019 was phenomenal for the United States economy because it was the first decade the country did not record a recession since 1850. The United States experienced a stabilized economy and an upward growth between 2010 and 2019,...
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...
Hyperinflation can be referred to as a situation where there is an excessive, rapid, and uncontrollable increase in the price of commodities in an economy (Simonson, 2021). Other economists define hyperinflation as accelerating inflation or very rapid inflation, often with more than 50% per month. It is a sporadic event,...
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...
Investment decisions should be made after a thorough analysis of the company’s previous and current financial experiences to be successful and have a high chance of generating profits. Therefore, as a potential investor, I would avoid investing in the company I have investigated for only one term, even if this...
Burgess and Larsen (1995) conducted an investigative study to find possible ways to reduce financial risks using the market merger. In pursuit of these, they purposed to utilize the active depository institutions between 1980 and 1970. Their focus was mainly on depository institutions like Bank Holding Companies (BHCs) and Loans...
Vehicles and automobiles are one of the most fundamental imports of the USA. The number of cars transferred to the country from abroad has increased in the past decades (Samuels, 2019). The USA is one of the leading net importers in the world of goods and has become the world’s...
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 concept of business environment is characterized by many multidirectional uncertainties that determine how companies operate on a daily basis. The theory of investing capital with the hope of getting high returns is one of the main ways to manage financial assets. Today, investment in technology will determine success, as...
There are numerous issues that banks across the world have to address in the 21st century. Nevertheless, bank groups that have already developed the most efficient business models and managed to expand their operations globally are in a comfortable position. The remarkable economic performance of various sectors of the economy...
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...
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...
With the sudden outbreak of Covid-19, different industrial companies have invested in advancing digital platforms and technologies to guarantee the sustainability of their operations. As technological developments accelerate, customer expectations are constantly changing. Through a variety of innovative solutions, an essential change in the insurance industry is, therefore, being encouraged....
Saving and investing will always attract people who are interested in making money via financial operations. Savings are not spent income or postponed consumption that can be achieved through various ways. Some individuals still adhere to conservative savings methods such as piggy banks, participating in sou-sous; some create savings accounts...
Weber’s Theory Certain aspects of the state were highlighted in Weber’s Politics as a Vocation and other writings. Nevertheless, he did not specifically specify the term element, which people do for clarification of discourse. In reality, the ingredients are the most crucial portions of his concept. A modern state is...
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...
The idea of the hierarchy of needs was first proposed by psychologist Abraham Maslow in 1943. According to Maslow, the basic human needs must be satisfied first, before the psychological needs, and lastly, the self-fulfillment needs (Aruma & Hanachor, 2017). This essay will look at the five basic assumptions of...
The modern world economy offers a wide range of tools for investment. All of them have individual characteristics and have their features. When making a choice between investing in Treasury bills or Treasury notes, I would choose favor of bills. Undoubtedly, both types of investments can be convenient in their...
Variances can be described as the difference between budgeted performance as planned and expected and the actual performance for the budgeted period. The organization had forecasted a sale of $1,400,000 but actual sales were $1,325,000. The cost of goods sold, which is the main component of the expense part of...
Businesses strive to achieve the maximum possible revenue to stay competitive. This essay will compare profit maximization strategy with satisficing. Maximization implies a continuous chase for the highest possible profit margin (Qiu, Bai, and Lu, 2020). It allows a company to gain a competitive advantage at the cost of significant...
Introduction Health issues on a global scale have always been essential for the functioning of the whole global community in various domains, including economy, politics, social life, and others. Indeed, the breakouts of transmittable diseases in the worlds’ history have commonly been associated with recessions, crises, and adverse social and...
Introduction In the hotel sector or the hospitality industry in general, the consumer is very crucial. The entire point of the business is to keep customers pleased. However, the margins are gradually shrinking; it is no longer enough to keep customers satisfied. As a hotel manager, one must create new...
Quality measurement refers to the standard set of parameters that help measure the quality of a healthcare provider’s performance. In fact, quality is quite a subjective concept that is difficult to calculate and define reasonably (OECD, 2013). Therefore, the quality is rarely analyzed by competition authorities (OECD, 2013). Another problem...
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...
Introduction The overall effect of the global financial crisis was making all financial institutions including the multinational ones experience threats of collapsing. The crisis “played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of the US dollars, and a downturn in economic...
When coming up with a successful business initiative, it is of paramount importance to remember that every economic endeavor cannot exist in isolation from socio-political and purely economic factors. For this reason, in order to define the prospects of one’s business, entrepreneurs should become aware of the value of microeconomics...
The purchase of a house is associated with a high risk because it requires substantial financial costs. In order not to lose the invested funds, people should be careful about such purchase. The first criterion is the number of rooms in the house, which will directly depend on the family...
People considering investing in specific projects are interested in many questions, answering which gradually clarifies the potential effectiveness of investments. The first question in the evaluation of projects relates to determining the period for which the cost will be returned. Each investor is interested in when investments will pay off...
