The Rise in Prices of Used Vehicles

Prices of Used Vehicles Used vehicles have had one or more retail owners in the past. The price of these cars soared by 42% from December 2019 to October 2022, based on the U.S. Bureau of Labor Statistics (Vincent). Over the past year, prices of used cars have skyrocketed by...

The Structure and Functions of the World Bank

Introduction The presentation highlighted the structure and functions of the World Bank and the United Nations in the global arena. The discussion centered on the reasons behind the formation of the two organizations and their sources of funding. A comprehensive assessment of their specific roles concerning the alleviation of poverty,...

Boeing and Airbus: Trade Barriers and Government’s Role

Treaties, tariffs, taxations, and trade barriers limit free international trade. The impact of these limitations on global business is vast. Moreover, the government’s role is considerable, as seen from the example of Boeing and Airbus. Trade barriers are crucial for the financial prosperity of countries, as they encourage international trade....

Netflix: Globalization and Information Research

Summary In a three-stage expansion process, Netflix could make strategic decisions and establish effective policies in those markets. Before moving forward, they carefully selected a few calls to employ as a test and then studied those markets. One of the best strategies the business can employ to expand is to...

Gender, Labor, and Power in the Global Apparel Industry by Jane L. Collins

Jane Schneider’s interpretation of the fairy tale in which the demon offers to help a young woman spin straw to gold is the depiction of how industries have thrived at the expense of social welfare. The argument can be supported further by Jane Collins’ statement that the corporations subcontracting garment...

Basic Concepts of Macroeconomics

Introduction In this essay, I want to highlight the main concepts from Chapter 4 of macroeconomic principles and tell you what they mean. I believe the basic concepts are supply and demand, market equilibrium, monopoly, oligopoly, and competition. I can say that the whole economy is built on these concepts,...

Can We Afford a Welfare State

In the USA Biden aims to address social problems by expanding the scope and size of the government social spending. However, such idea is highly debatable and can lead to negative economic consequences. In the article “Can We Afford a Welfare State?” by N. Gregory Mankiw, the author discusses the...

The Notion of Budget Credibility

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...

Effects of Colonialism and Globalization

Income inequality is one of the significant legacies of colonialism. During the era of colonialism, colonies were perceived to be a major source of raw materials and for the industries of the developed nations. As a result, developing countries were deprived of their resources, making it difficult for their local...

The Effect of Economic Situation on People

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...

Rent Prices and Factors of Their Change

Inflation reached a 40-year high as a result of the consumer price index’s 7.9% year-over-year growth. The cost of a building goes up as a result of inflation’s impact on the materials and labor required to develop a rental home, which drives up housing costs overall. Mortgage interest rates will...

Microeconomics: Scarcity and Social Provisioning

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...

Industrial Sector Development in Tanzania

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...

Punjab National Bank Housing Finance Company: Case Analysis

Punjab Nation Bank Housing Finance Limited has experienced stagnant growth since its incorporation with other partners in 1988. It has been experiencing different challenges that led to the low rates of market share. The company had a small loan portfolio which resulted in its low performance. The bank also had...

Analysis of Sustainable Development Goals

Consequently, it is essential to discuss the primary framework of achieving SDGs before adjusting the policies according to specific regions. Mazzucato et al. (2019) examine six transformations that could potentially improve the quality of life in social, environmental, and economic aspects. Namely, the authors emphasize education, healthcare, energy decarbonization, sustainable...

Surveillance Capitalism in Shoshana Zuboff’s View

Shoshana Zuboff discloses the capital framework that exists in the digital world. Surveillance capitalism is essentially shifting the democratic possibilities that control human behavior. Different big technology corporations in Silicon Valley have assigned material worth to data on human behavior. Surveillance capitalism is different from information capitalism in that it...

Inflation and Increase in Money Supply

Introduction Inflation is a dangerous condition when people’s purchasing power declines because of rising prices. It can be increased by several causes: rising production costs, mass lending, and others. However, one of the most important reasons inflation may increase is the printing of money by a country’s central bank. In...

Economic Summary: Macroeconomics

Introduction For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to further our national prosperity by deepening our understanding of the relationship between...

Canada’s Global Economy and Its Future

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...

The Concept of Consumerism and Marketing Strategies

Consumerism exists in the everyday life of every person, and every marketer should pay attention to its effect on consumers. There is an indirect pressure of marketing strategies that force people to change their habits while shopping. Those psychological techniques might not always be harmful to ordinary buyers. However, marketers...

Taxation and Wealth Redistribution in Hong Kong

Introduction Hong Kong is a very attractive city business wise, and currently many business people are willing to invest in it due to its enticing tax policies. Taxation is a very important factor for investors who might be considering new avenues for their business. Many countries of the globe are...

Health-Related Sustainable Development Goals

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...

Pfizer’s Investment in Comirnaty Vaccine

Introduction The process of research and development (R&D) involves the design or improvement of a product, technology, or service. R&D is vital for business because it encourages innovation, helping a company generate revenue in the future and gain a competitive advantage (Hammar and Belarbi, 2021). In the pharmaceutical industry, R&D...

Artificial Intelligence Economy

Abdulov, Rafael. “Artificial Intelligence as An Important Factor of Sustainable and Crisis-Free Economic Growth.” Procedia Computer Science, vol.1, no. 169, 2020, pp. 468-472. Abdulov takes the opportunity to explain the role of artificial intelligence in improving the subsectors of the economy. According to Abdulov, the new technology has quite many...

The Energy Sector: Russia’s Policy

Introduction Russia’s economic and social environment is based on a previously populist system, maintained despite growing tensions with Western nations and civil unrest. As no political or economic reforms are expected, there is a need to examine the country’s structure, analyze its economic and noneconomic surroundings, and explore potential prospects...

Consumer Analysis of the Charmin Brand

“Charmin” is an American toilet paper brand manufactured by Procter & Gamble. It has a wide range of products, business strategy, and active promotion, which creates a competitive advantage, allowing it to occupy a leading position in the sales market. A variety of choices makes it possible to attract different...

Challenges Faced by Ryanair Holdings Due to COVID-19

Background The COVID-19 pandemic has significantly influenced not only individual companies but also entire industries. Among them, one of the most affected is the airline industry. In 2020, the International Civil Aviation Organization estimated that the pandemic could result in a reduction of about 1.5 billion passengers and 71% of...

How Brand Image of Digicel and Flow Affects Customer Loyalty

Introduction Digicel and Flow are telecommunication companies that provide mobile networks and home entertainment. Digicel has covered more than 33 countries worldwide, including Jamaica, Trinidad and Tobago, Fiji, and Haiti (Golding & Tennant, 2017). On the other hand, Flow, commonly written as FLOW, is known for marketing cable television, telephone,...

Pricing Strategies’ Effects on Consumer Behavior on Social Media Platforms

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...

The Limitations of Ratio Analysis

The Ratio Analysis framework is extensively utilized by businesses and provides companies with numerous insights into their financial operations. At the same time, Ratio Analysis has several significant limitations, which include the utilization of past data, the absence of inflation adjustments, and possible changes. First of all, every Ratio Analysis...

The COVID-19 Pandemic’s Impact on Australia

Executive Summary Australia, much like other countries around the world, was severely affected by the effects of the Covid-19 pandemic. Before 2020, the nation has experienced moderate rates of growth and development, accentuated by slow trade rates and a general calm period. However, with the regulatory measures brought upon by...

Current Events in Macroeconomics

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...

Combating Recessions with Spending Hikes Rather Than Tax Cuts

Introduction The economic recession has a variety of negative repercussions on the economy, including increased unemployment, weak economic development, and reduced investment, among other things. To deal with a recession, many economic techniques are frequently employed. A recession also denotes a considerable reduction in general economic activity, largely a consequence...

Subjective Financial Well-Being and Its Influence on Life Quality

Introduction Financial well-being has always been a significant phenomenon because available economic resources can influence an individual’s life quality. However, Brüggen, Hogreve, Holmlund, Kabadayi, and Löfgren (2017) admit that research on the topic remains insufficient, meaning that any scientific attempt to study the issue is considered an essential contribution. It...

Blue Economy in Indo-Pacific Region

Introduction Marine ecosystems are exceptionally important to the economic well-being of the Indo-Pacific region. Indeed, coastal populations and Pacific Islanders heavily rely on the oceans for food, storm protection, as well as a variety of recreational activities. Furthermore, these ecosystems are vital because of their economic benefits as they support...

Capitalism and Democracy: The Problem of Coexistence

To some, the coexistence of the free market and politics of a democratic nature are inherently connected and cannot exist without one another. However, in recent years, the question has shifted into asking whether the two are compatible. It is also vital to understand that both capitalism and democracy have...

Demand and Supply Curves

It is important to comprehend the critical idea of Demand versus Quantities Demanded prior to examining different hypotheses of financial aspects. The law which is working behind the scene and conveys mostly about interest. A law which reveals to us how much interest of a customer or gathering of buyers...

HSBC Bank and Barclays Bank: Comparison and Risk Exposures

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...

The COVID-19 Pandemic: Economic Impacts

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...

How Social Influence Affects Consumer Behavior

Abstract Consumer behavior is affected by numerous things. For example, it can be argued that a consumer’s purchasing behavior can be affected by his or her access to disposable income. This can change often based on whether someone has a job and, at times, even with the increase in responsibility...

Return on Investment (ROI) and Economic Value Added (EVA)

Although ROI and EVA are the techniques used to evaluate a company’s performance, comparing and contrasting them can help understand why managers choose one over the other depending on particular situations. Both approaches measure organizations’ profitability and value, vital in making the decisions related to planning management incentives, compensation strategies,...

Bank of America and Financial Analysis

Bank of America is a leading US financial institution dedicated to serving individual consumers, large corporations, and small and medium-sized enterprises with a broad range of banking, investment, and management products and services. It provides easy-to-use online products and services and is listed on the New York Stock Exchange (Bank...

Application of Behavioural Finance in the Market

Introduction Behavioral finance is based on the concept that market inefficiencies can be identified and effectively exploited for making accurate predictions on future investment market movements. It is an alternative view of the efficient market hypothesis or EMH. “A growing field of research called behavioral finance studies how cognitive or...

National Competitiveness and Quality of Life

The competitiveness of a country is determined by the competitiveness of enterprises, industries, types of economic activity, clusters, municipalities, regions. However, the company’s competitiveness is affected by the national competitiveness in which it operates. Almost every sector of the economy contains the following five factors of competitiveness, including quality, price,...

Government’s Role in Business Regulation

In the contemporary world, there are two opposite opinions regarding businesses’ ethical conduct ensuring. One part of society believes that the marketplace is self-regulating and any external interventions are not necessary as they do not provide equality between business owners. Simultaneously, others state that government regulations are essential and beneficial...

Terminals and Locations: Hinterlands and Forelands

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...

Rolls Royce in the UK Economy: Market Analysis

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...

Fairtrade: Better Solution to Underdevelopment

Introduction Fairtrade®: Definition With the rise in globalization, opportunities for trade have expanded tremendously, allowing for cooperation between organizations on a global level, and reinforcing international partnerships. As a result, the necessity to create homogenous standards for interacting in the global economic environment has emerged. Thus, the platform for building...

Economic Incentives and People’s Response

Introduction One of the most important issues studied by macroeconomics is the decision-making process and motivation, where economic incentives play an essential role. In business, policy-making, and different kinds of economic relations, incentives are believed to define people’s behavior and induce a particular reaction. Since incentives serve as the trigger...

The Concept of Organizational Development

Business leaders apply evidence-based strategies to identify effective processes and initiatives that can transform less profitable operations. The concept of organizational development (OD) guides managers to improve business practices and eventually maximize overall performance. This discussion defines and describes OD as a critical concept for strengthening a company’s culture, processes,...

“Wall Street on the Tundra” by Michael Lewis

Michael Lewis is the author of the article titled Wall Street on the Tundra which attempts to describe events that led to the financial crisis that befell Iceland. Even though Iceland’s financial meltdown attracted scant global attention in relation to other calamities that reverberated through the global economic powers, the...

The Capital Structure Theories Article by Brendea

Introduction The review of issues concerning capital structure is defined by the perceptions expressed by various authors. In the article capital structures theories, a critical approach (2011), Brendea defines capital structure as the financial structure of a firm coupled with the long term financing used by the firm. She observes...

Nairobi Informal Settlement Study

Introduction Nairobi is the capital city and administrative headquarter of the republic of Kenya, in East Africa. The city is situated 10 South and 360 East, 87 miles off the Equator. The city is at an altitude of 5,512 feet about sea level and has an area of 266 square...

International Finance. Motivation and Management

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...

Market Screening: Review and Analysis

The rate at which the use of computers in Africa is growing so fast. There is an increase in the need for computers plus their accessories in countries like Kenya. Educational institutions, the public, and the private sectors are all undergoing computerization. There dire need for computers to enhance efficiency...

Banks and Security Lending: A Discussion

Introduction One of the major operations of banks in contemporary society is lending. This is whereby the bank makes money available to the public for various purposes in the form of loans. The borrower approaches the bank for a loan to finance various activities. These may include the purchase of...

Economic System of Canada

Canada’s economic system is robust and supported by many industries’ success, including banking and finance. Besides, attractive investment and business-friendly taxation policies attract new players to the Canadian market, allowing for healthy competition and creating new jobs. It is also important that Canada has excellent talent potential, as most Canadians...

Microeconomics: Challenges Facing Financial Managers

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...

Consolidated Financial Statements

Consolidated financial statements are a method of reporting finances in a specific scenario. These statements are primarily used by big companies that have multiple subsidiaries or divisions. When a particular company fully acquires another and claims ownership over it, a need to accurately report the assets, liabilities, expenses, and revenue...

The Gulf Cooperation Council: Internal Financial Reporting Standards Adoption

Introduction There has been a growing tendency for cooperation among Gulf Cooperation Council (GCC) countries in the development of economic and financial institutions. The manifestation of the ubiquitous nature of globalisation has increased the need for embracing standardised accounting regulations in order to improve cooperation and enhance efficiency of financial...

Portfolio Theory and Capital Asset Pricing Model Relevance

Introduction Investing in the financial markets is very risky and investors face the possibility of losing their money. Risk in the financial markets refers to the possibility that an investor will not get the expected returns. There are some risks which the investor can do nothing about such as recession,...

Why Capitalism Is Superior to Socialism

The modern world is facing a myriad of cchallenges, including environmental issues, severe economic constraints, as well as global health-related threats. All these concerns fuel the discussion of the relevance and effectiveness of the economic agendas countries choose. The debate that involves comparing capitalism and socialism seems relevant these days....

The United Arab Emirates and International Trade

The United Arab Emirates (UAE) has become one of globalization’s most prominent economic success stories thanks to its diversified economy. Oil profits and long-term pro-business policies have allowed UAE to create a robust infrastructure that supports the development of non-oil sectors like manufacturing and transportation and more fruitful participation in...

Capitalism in Business and Modern World

The current world runs and operates within the capitalist theory and practice. Many countries have greatly benefited from the established globalization model and continue to build new ways of advancing their intertwined and interdependent economies. However, recent events relating to financial, environmental, and societal problems arising around the globe have...

Globalization as a Phenomenon and Its Impacts

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,...

Plotting Demand and Supply: A Reflection

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...

The Theory of Capitalism: Hayek’s Arguments

The Authors’ Arguments Friedrich Hayek strove to defend traditional concepts of morality in economics and fought the progressive representatives of the new era who sought to destroy the classical canons. In his book, he compares rationalizers to Christians who tolerate human sinfulness but do their best to prevent it (Hayek...

Economics of Panic-Buying: A Case Study of Toilet Paper in Australia

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....

The Issue of Limiting Auditor’s Liability

Executive Summary The liability of auditors has been a subject of debate in the recent past. The company law, international auditing Standards and the International Financial Reporting Standards stipulate the need for auditors work in the financial reports of companies. In addition, these bodies plus the statutory legislations of different...

“Doughnut Economics” Book by Kate Raworth

Kate Raworth’s book “Doughnut Economics” (2017) opens up the reader’s mind to the new possibilities within the modern world of economics. The author shares intriguing insights about the global market and the economic opportunities that individuals, entities, and the government should consider in their quest for returns on investments (Raworth,...

The Effectiveness of the World Bank

Introduction The World Bank was established with the main aim of alleviating poverty by providing aid to developing countries. For many years, the institution has given billions of dollars both as loans and grants. However, its effectiveness has been questioned because despite the support, many countries have remained stuck in...

Issues in Cryptocurrency Trading

Introduction Ever since the success of Bitcoin, cryptocurrencies have been steadily growing in number as well as the volume of transactions that occur through them. Despite early assertions to the contrary, they have been found to be valuable tools for trading due to their variety of unique advantages. As a...

Macro Environment and Impact on Business Activities in China Market

Introduction Business leaders need to be aware of the factors that might affect organisational performance. A macro environment will encompass the major factors defining a given economy. Some of the key attributes investors need to consider include employment, social factors, fiscal policies and inflation. The purpose of this presentation is...

Family Budget Project in Microsoft Excel

Introduction Budgeting is a crucial practice that helps to achieve goals through the efficient use of money. Planning budgets can be beneficial both on corporate and family levels. Family budgeting is crucial for improving financial well-being. First, budgeting helps to distribute family income to achieve satisfactory living. Second, budgeting helps...

The Demand and Supply of Goods and Services

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,...

Managerial Economics, Market Power

This is a research paper on market power which is a part of managerial economy. It starts with defining the topic and area of research, later getting into the path for recognition of different aspects and scopes of the topic. The major ideologies linked with market power are stated and...

International Business Transactions: Major Barriers and Concerns

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...

Monopoly: Characteristics, Advantages, Disadvantages

Monopoly can be defined as a situation whereby a single individual or firm has adequate control when it comes to supplying a specific good or service to be able to considerably determine the conditions on which other individuals or firms will have access to them. Monopolies are characterized by an...

Rodamia: International Trade Simulation

Introduction Evaluation of a country’s natural resources is paramount in determining the country’s rate of economic growth. Considering the fact that countries have got different quantities and quality of resources, various countries consider trading with other countries in an effort to optimize their rate of economic growth (Suranovic, 2009, p.1)....

Market Failure in Free Market and Externalities

Definition of market failure Market failure is an economic theory where the allocation of goods and services in a free market mechanism is inefficient. That is in the inefficient allocation, there are some players whose gains outweigh their losses while for other participants, their losses outweigh their gains. Market failure...

Financial Intermediation and Its Importance

These days financial intermediaries are quite widespread because people prefer using them instead of entering financial markets directly. A commercial bank is a typical example of a financial intermediary, though not the only one. Among others are pension funds, loan associations, numerous insurance companies, mutual funds, and credit unions. Financial...

Problem of Price Discrimination

Introduction Price discrimination is the process by which a firm charges different prices to different groups of people for the same good. The firms that practice price discrimination have the market power. This means that they have the ability to raise the price of commodities without losing all demand. Such...

The Kitchin Cycle in Modern Economy

Business cycle can be characterized as the economy-wide fluctuations in the economic activities or production over certain period of time, involving shifts in growth, decline, stagnation and recession. There are a number of cyclical theories of economic development, concentrating on the analysis of these business phenomena, cyclic measurements and stages;...

Globalization and Its Impact on Firms

Introduction The term globalization emerged as an offshoot of the high-technology tools that have sprung these past decades – computers, the internet, Information Technology. We can connect and conduct business with the rest of the world so easily. With just a computer with an internet connection, indefinite access can be...

Global Leadership and Organizational Behavior

Introduction The article which has been selected for this particular topic is titled Global leaders are team players written by Dr. Martha L. Maznevski & Joseph J. DiStefano. Martha L. Maznevski is an Assistant Professor of Commerce at the McIntire School. Of Commerce, University of Virginia, where she teaches Organizational...

Globalization Affecting the Role of Leaders in Organizations

Introduction Globalization is influencing leadership because of the way it affects society through its processes. Because the transformations brought about by globalization are not always easy to identify precisely and promptly, they may be hard to take in and even where they are detected, be hard to cope with. Globalization...

Australian Economy: Economic Problems and Ways of Its Solving

The Australian economy is considered to be referred to as the prosperous one in accordance with its mining, agricultural and service sectors. The overview of Australian economy has shown that this country is one of the most profitable on the international market with its GDP of $889 billion. The history...

How Financial Crisis Affected Supply Chain Organization?

Executive summary The objective of this research study was to assess how the current global financial crisis has had an impact on planning activities in the supply chain and contract management of four selected supply chain organizations in Edmonton, Alberta, Canada: ATCO, SYSCO, Wal-Mart, and GFS. In order to facilitate...

Churches in the Arabian Gulf – Arabian Peninsula

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...

Economics in Business: Game Theory & Oligopoly

Introduction Theories in Economics have been developed for the purpose of understanding and interpreting economic phenomena at play and which can be exploited or manipulated to enhance the economic outcome. They are also used to explain the behaviour of economic units which include households, businesses and governments. Demand theories explain...

Piracy of Clothes and Goods in China and the Consequences on the Global Market

Introduction and Background The Chinese accession to WTO in 2001 was expected to be a boon to world trade with the opening out of the Chinese markets and the easy access to Chinese goods for countries across the world, particularly the developed world. These hopes were not believed as can...

Monetary Theory and Policy. Money in the Utility Function

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...

Fixed Cost vs. Variable Cost

Introduction This paper seeks to analyze whether it is a good idea to convert fixed cots to variable costs for Claire’s Antiques. This will also discuss when it is proper to convert fixed cost to variable cost and will identify the types of costs that Claire’s Antiques would probably incur...

Household Production Model and Women’s Behavior in the Labour Market

Introduction Household production is the making of services and goods by the members of a household, for their own consumption, using their own capital and their own unpaid labor. The household production goods include food, clothes, beddings, dishes etc. Despite the fact, on average more than eighty percent of women’s...

China’s Emergence as the ‘World’s Factory’

Abstract No nation in the world can match China’s industrialization over the recent past. China is now considered as the world’s factory, in that the entire world’s manufactured products have a Chinese affiliation in one way or the other. However, China’s industrialization has presented intense problems which have resulted in,...

Is the Right Price a Fair Price

“Prices should reflect the value that consumers are willing to pay. Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service.” The pricing strategy of firms is influenced by the type and lifecycle of the product. Consumers’...

Country of Origin and Impact on Product Category Marketing

The country of origin has a great impact on the product image and the decision of consumers to purchase a product. There are other significant demographic factors that affect consumption patterns. For example, if populations are segmented by such factors as race, religion, color, country of origin, etc. valuable marketing...

Bhutan’s Trade and Exchange Rate Policies: Current Issues & Solutions

Introduction Bhutan is a landlocked country located in Southern Asia, between China and India. Presently, it is classified as one of the Least Developed Countries (LDC). Close connections with India were conditioned by the 1949 treaty allowing Delhi to influence over Bhutan’s foreign relations. The aftermath of the treaty is...

William Leach’s Analysis of U.S. Capitalism and Consumer Desires in Historical Context

William Leach’s Land of Desire is concerned with exploring the development of consumer capitalism in the US between 1890 and 1932. The author detailed the process within which merchants, advertisers, politicians, and reformers worked collaboratively in order to establish a culture in which consumerism was celebrated and perpetuated. Several important...

Young Female Customers’ Luxury Fashion Purchasing in the UK

Abstract The primary objective of this research study was to present an insight into the motives defining the purchasing and consumption of luxury fashion among young female customers in the UK. The researcher applied quantitative research designed since the study was focused on a single market segment. Through direct interview...

U.S.-China Trade War: Developments & Global Business Impact

Introduction International business is the field that studies the trade of goods, capital, and other significant items across borders on a global level. The news article selected for this review is the one presented by Ben Chapman. The author addresses the most recent news on the so-called trade war between...

Benefits of Having a Free Market System

The question of whether and to what extent can governmental agencies control the way that products and services are developed, produced, and sold presents an important discussion topic today. The anticipated and actual benefits of free-market economies can be justly regarded as the topic that is capable of polarizing society...

Brexit: Liberalism and Dependency Theory Perspectives

Introduction: The Issue Divorcing a strong and powerful economic community is a rather controversial decision that will inadvertently cause significant internal and external conflicts for any state. The case of Brexit proves that the refusal to be a part of the European Union (EU) is fraught with serious consequences that...

Customers’ Views on Service Dimensions

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...

Chapter 9 of “International Business” by Hill

Chapter summary This chapter talks about what foreign exchange is and explains the meaning of a foreign exchange market, shows how the market works and indicates the forces that determine exchange rates, explains the association between exchange rates and international business and highlights the functions of the foreign market. Foreign...

College Tuition Soars 70% in 30 Years: Demand Still High

Over the last 30 years in the US, the real price of a college education has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education. While faculty salaries have barely kept pace with inflation, administrative staffing (and expenditures)...

Opportunity Costs of Education and Oil Industry

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...

Traditional Budget and Zero-Based Budget

Introduction Modern organizations use several types of budget creation. Each approach has its advantages and is suitable for specific tasks. The following paper identifies the differences between the most common approaches – a traditional budget and a zero-based budget. Concept Definitions In order to understand the differences, it is first...

Canada’s Trade Policy: Navigating Global Trade Agreements and Challenges

Introduction International trade strategies have changed for Canada. In fact, 2017 is proving to be the year that define the country’s international trade policy. The US wants to renegotiate NAFTA and the dwindling outcomes of the Asia-Pacific trade policy, Trans-Pacific Partnership (TPP), provide an opportunity for a review of trade...

Crude Oil Price and Impacting Factors

Introduction Crude oil is a critical commodity in the modern industrial world. It is one of the most actively traded resources in the global market. The extent and volume of such commerce have their impacts on the international community, forming a reciprocal connection that both regulates and can be affected...

Currency Devaluation and Its Effects on the Food Industry: Analysis and Implications

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...

Monopolistic Competition in the Frozen Food Industry

Market structure The regression results show that the coefficient of determination is slightly above average. This implies that the model explains the demand for the product well. The elasticity for advertisement is positive. This shows that advertisement plays a slight role in the demand of the product. The two elasticties...

Price Discrimination: Principles and Applications

Pricing strategy Price discrimination is a practice where different customers are charged different prices on goods and services that are identical. While single pricing is charging the same prices to all customers for all the goods and services being sold, in this case, customers are sure of the price and...

Emaar Properties Company’s Investment in Kazakhstan

The entry strategy chosen for Emaar is FDI or foreign direct investment. This strategy was selected due to the specific economic state of Kazakhstan, which will supposedly soon enjoy steady economic growth but remain to be a developing country. For Emaar, a company that is present in more than 30...

International Financial Reporting Standards

Article Discussion The article Advantages and disadvantages of IFRS compared to GAAP by Anna Jordan aims at giving a complete picture of the ongoing switch to the new reporting system in the United States. While the author does not summarize its statements or try to weight the listed arguments and...

The Fair Trade Concept

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...

Importance of Standard Costing System in the Modern World

Standard Cost System: Introduction Standard costs are set (target) costs expected to be incurred when a company operates under efficient conditions (Drury, 2008). The main function of standard costing is to eliminate wastage of resources during operation and increasing efficiency during operation. Standard costing is generally best applied to companies...

Naked Economics: Adverse Selection and Discrimination

In Chapter 5, Wheelan considers the importance of economic information and the consequences of its imbalance, which brings along the sensitive issue of discrimination. Adverse selection can happen because of the imbalance of information, and it presupposes the increase of the least profitable proposals coming from those who possess more...

Economic Comparisons: Germany, Greece, and the UAE in a Global Context

Introduction Germany, Greece, and the U.A.E are notable economies in Europe and the Middle East. Many countries have emulated their economic models (The Global Economy 2015). For example, Saudi Arabia has tried to emulate the U.A.E’s diversification strategy to decrease its reliance on the energy sector (The Global Economy 2015)....

Economic Aspects of Kenya: Insights into Growth and Challenges

Kenya is a country that is located in the East African region. It borders Uganda to its west, Somalia to the east, Ethiopia to the north, Tanzania to the south and the Indian Ocean along its southeastern coast. It has a population of approximately 40 million people, according to the...

The Youthful Population of Saudi Arabia: Demographic Trends and Implications

Commentary The youthful population in Saudi Arabia is still being faced with a growing rate of unemployment. This may appear as a paradox bearing in mind that this country is one of the leading producers of crude oil. There are several fundamental and systematic limitations that have significantly contributed to...

Challenges of Zimbabwe’s Economy: Mugabenomics and Inflation

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...

Management Focus on Strengths for Financial Stability

Introduction Financial stability of any company helps in creating good reputation that could be considered by banks for future loans. The management team should focus on strengths since this is the core that determines the status of each section of the company. Calculations on financial ratios are basically derived from...

Economic Impact of Baby Boomer Retirement on U.S. Financial Capital Supply and Demand

Introduction Population demographics are essential indicators of the direction the economy can take when the characteristics and trends of each demographic are considered. America’s population contains several age groups with different economic impacts through their financial habits, including spending and savings. Comparing Saving Rates: Middle-Career Individuals vs. Retirees Baby boomers...

Atlanta and South Fulton 2023 Economic Trends Overview

Atlanta Analyzing its tax burden, Atlanta, Georgia’s minimum 2023 sales tax rate is 8.9%. The combined state, county, and city sales taxes are shown here. 4% is the current sales tax in Georgia, and the county levies a 3% sales tax (Atlanta, Georgia Sales Tax Rate, n.d.). Atlanta, GA, had...

Global Unemployment Challenges and Economic Opportunity Gaps as a Research Topic

Identification of a Global Societal Issue to Study A problem that people in the modern world encounter is the need for better jobs and prosperous economic prospects. Several reasons contribute to unemployment and a lack of economic opportunities. One challenge is that academic institutions offer courses to prepare students for...

Consumer Behavior in Food Delivery App Usage: Survey Analysis and Key Trends

Introduction The conceptual framework of this work is to test the experience of using food delivery applications, technical issues, and user attachment. Such a study is like determining consumer behavior in the context of this issue (Gordon, Jorge, and Rafael, 2021). It can be helpful for the creators of these...

Themes of Robert Kiyosaki’s Rich Dad Poor Dad Book

Introduction Robert Kiyosaki wrote the book Rich Dad Poor Dad to depict the aspect of financial literacy based on his experience growing up with two fathers, one being his biological father and the other his father’s friend. On his account, Kiyaski stated that his biological father, “poor dad,” believed in...

Globalization’s Impact on Consumer Goods and Sustainability Strategies Worldwide

Introduction In the globalization era, companies compete against each other across the continents. Regardless of the market, consumers can expect to find goods from all parts of the world. The following list of items that I found around my house represents the impact of the globalization process: A USB flash...

Bills of Exchange, Exchange Rates, and International Trade Financing Instruments

Bills of Exchange Bills of exchange are primary instruments in payment methods between importers and exporters. A bill of exchange, which is classified as a short-term negotiable instrument, is a signed and unconditional document that requires a specific party to pay a fixed amount of money to another party when...

Keynesian vs. Neoclassical Views on the U.S. Economy During COVID-19

Keynesian Explanation of Recent Economic Performance The business cycle describes the natural fluctuations of the economy. It is a period of expansion and contraction that occurs over time. In the last few years, the economy has experienced a mix of growth and decline. Keynesian economists would attribute the country’s economic...

Tax Implications of Purchase Price Allocation in Business Acquisitions

Tax Issues in Business Acquisitions When a business is acquired through the purchase of stock or assets, it raises several tax-related issues. The purchase price must be allocated among the assets acquired, and this allocation has significant tax consequences for both the seller and acquirer. The purchase price consists of...

CAMELS Analysis for Česká Spořitelna and Bank of America

Capital Adequacy Capital adequacy is vital to a bank’s financial stability and health. It gauges a bank’s capacity to withstand losses and keep a safe level of capital to fund operations. The capital adequacy ratio (CAR), a crucial metric for assessing a bank’s capital status, is employed. The CAR is...

Attorney’s Racing Expenses Denied as Tax Deductions by U.S. Court

Overview of Avery’s Denied Tax Deductions In their article “Attorney’s racing activities fall short of the finish line,” McKinley and Geiszler (2023) discuss the situation with James Avery, an attorney whose claim for tax deductions related to advertising expenditures was later denied by the Tax Court of the United States. Avery...

Economic Impact of Abortion Policy Shifts and the Rise of Pharmaceutical Alternatives

Current Event News One of the high-profile news stories of the past year, relevant to the U.S., has been the overhaul of abortion policy at the federal level and the transfer of decision-making authority to state government agencies. An article by Holpuch (2022) in The New York Times discusses the...

Intrinsic Value of Investments: Models and Key Financial Indicators for Stock Evaluation

The Paradox of Historical Financial Performance The growth of your money is the only goal of investing. This can be accomplished if the investment is placed in a business that is anticipated to grow. Because of this, an investment’s intrinsic worth is determined by predicted future returns. Even a business...

British Empire’s Role in Global Trade: Violent Roots of Economic Globalization

Introduction The world economy began developing with the advent of the great trade routes and continues expanding to this day, being an integral part of the globalization process. Trade began to become global with the advent of the Great Silk Road when luxury goods from China started reaching the European...

Floating vs. Fixed Exchange Rate: Choosing the Best Regime for a Developing Country

Introduction As the chief advisor to the president of a developing country, I recommend adopting a floating exchange rate regime. This can provide a much more flexible and adaptive approach to managing currency rates, promote exports and foreign investment, and not constrain the country’s macroeconomic policy. Comparison of Floating and...

The Urgent Need to Raise the Minimum Wage: A Call for Economic Fairness and Justice

Introduction Envision laboring diligently for all your days yet still grappling to meet your most fundamental requirements. This is not a mere theoretical scenario but a stark truth for countless Americans who earn the bare minimum. Whether you are a scholar, a caregiver, or simply embarking on your professional journey,...

Forms of Money and Their Economic Functions

The Role of Money In its various forms, money has been an essential aspect of human civilization, facilitating trade, storing value, and providing a unit of account. In today’s world, money has evolved into several forms, each serving specific economic functions. This essay will explore the different forms of money,...

Marginal Cost Analysis of Immersive Vision i24 in a Monopolistic Market

Product, Its Price, and the Type of Market My product is a virtual reality headset called “Immersive Vision i24”. Its price is $299, which is a low price for these products in the market. The type of market is monopolistic competition since many companies, not only industry pioneers, present similar...

The Role of Trade Protectionism in Global Business

Introduction International businesses are highly regulated operations by governments around the world. They do this to protect their countries from harmful trade that may harm their economy and citizens. The action by countries through their government to protect their domestic industries through policies restricting international trade is commonly referred to...

Caterpillar Inc.’s Market Structure, Demand Elasticity, and Government Intervention

Introduction Caterpillar Inc. is a leading global manufacturer of construction and mining equipment and industrial engines. The company lacks immunity from the supply chain disruptions and global economic problems that complicate the heavy equipment industry. This paper discusses how Caterpillar responds to inflation, problems in its supply chain, and demand...

Impact of BREXIT on UK Business Competitiveness and Trade: A Comprehensive Study

Executive Summary In 2020, the then United Kingdom prime minister Boris Johnson agreed to a trade deal with the European Union (EU) in which the country left the single market and the customs union. Mr Johnson said the deal would allow the United Kingdom to do more business with its...

Layering in Money Laundering: Smurfing, Shell Companies & Cryptocurrency

Summary The present report discusses different typologies employed by criminals to layer the profits obtained illegally and thus requiring to go through money laundering. The paper begins by introducing stages commonly needed to legitimize illicit capital and explains the concept of layering. In the subsequent section, the examination focuses on...

Econometric Analysis of Drunk Driving Laws and Traffic Fatalities by Freeman

Data Description The present paper conducts an econometric analysis of the article “Drunk Driving Legislation and Traffic Fatalities: New Evidence on BAC 08 Laws” in order to understand the data and methodology used. It is necessary to define the data and its features with which the researchers work in the...

Impact of Information on Housing Market Expectations and Investment Behavior

Introduction Policymakers, market analysts, and researchers must understand how individuals form expectations about critical economic variables. In one of the most pioneering studies, the authors used an extraordinary information experiment incorporated in a survey to examine how families change their expectations regarding home price growth. The essay focuses on the...

Federal Reserve’s Tools to Curb Inflation and Economic Overheating

Federal Reserve Actions to Curb Inflation and Slow Economic Growth When the Federal Reserve believes that the economy is overheating and there is a risk of accelerating inflation, it has several tools at its disposal to slow down economic growth and tighten credit conditions. One of the primary instruments the...

Factors Influencing Investment Decisions: US vs. Foreign Markets

Product Investment Considerations Investing in new products is presented to the company as an opportunity to contribute to its development and gain a competitive position in the market. At the same time, the central aspect that requires reflection is the feasibility of investing in a product line overseas or keeping...