2401 samples of this type
The writings in the article are a representation of the economist comedian himself. Yoram Bauman argues that he is the only stand-up economist in the world who is also gaining considerable popularity. His most popular video gained over one million views (The world’s first). Bauman has a Ph.D. in economics,...
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...
Venezuela Half a century ago, Venezuela was the world’s second oil-producing country. Its production began in the country back in the 20s by large American companies (“Death by Socialism”). Oil provided 90% of exports and 60% of budget revenues (“Death by Socialism”). The country quickly became the leader in Latin...
The change in the Australian 2021 indicator of unemployment is the representation of cyclical unemployment since it lasted less than a year. While growing by 42.3% from 2019 to 2020, the unemployment rate decreased in the following year to 33.8% from 2020 to 2021 as seen in table 1 (University...
Introduction The banking sector in the last two years has been impacted greatly by the COVID-19 pandemic. The situation led to emergence of various innovations and a new way of thinking in terms of the approach towards work. For instance, the Moroccan Central Bank adopted the idea of working at...
To assist the economy in achieving its objectives of expansion, level of employment, and price stability, the government is taking several measures. It exploits its power of taxing and spending through fiscal policy and exercises its authority to control the money supply and the level of interest rates through monetary...
Background of the Case Bonds are loans between investors and corporations. Companies issue bonds in order to raise money for ensuring interest payments in exchange (Bond Issuers). The maturity date is the day when a company is obligated to repay its investor the bond (Bond Issuers) fully. In this case,...
The cryptocurrency market is expanding at an alarming rate, and it is estimated that it will surpass the $5 billion mark by 2030. Although investors and big business organizations have tried to evade the influence of cryptocurrency in the market, their evasion might not be sustainable for long. However, the...
Overview of Rule Changes Change No.1 The Liberal Government has recently introduced 4 essential changes in current Canadian housing and mortgage rules. It is difficult to state that Canadian homebuyers were in a vulnerable position but announced adjustments intended to ensure additional protection of citizens from mortgages they cannot afford....
Introduction Nowadays, China is one of the most prosperous countries for business. It has rapidly established itself as one of the most influential world leaders in international trade. Businesspeople often prefer Chinese business platforms to start entrepreneurship, as there are numerous advantages. Moreover, China is one of the most attractive...
Changes in vital macroeconomic variables demonstrate how demographic shifts significantly impact the United States economy. Many factors, including saving habits, productivity, and investment opportunities, all contribute to long- and short-term macroeconomic conditions. Older people are slowing down economic growth, which has an adverse effect on actual returns and increases inflationary...
Contracts, a tool for regulating and managing commercial operations in a distinct world economic market, play an increasingly significant part in international traffic. A network of increasingly varied international agreements in this area has to be developed and expanded due to the growth of international economic interactions, including those between...
1929’s share market crash is regarded as the most disastrous occurrence in the heritage of the US financial marketplace. On October 29, a day renowned as Black Tuesday, the stock plunged 12%, sparking what would become the Great Depression (Beaudreau 631). Investment firms and senior bankers sought to calm the...
America has one of the greatest national economies, serving as a capitalist and democratic benchmark for many countries worldwide. Its financial markets, growth, and innovation have always helped the government to retain its impeccable reputation. However, the history of the U.S. economy is long and not without failures. The system...
Introduction Economic integration offers numerous benefits to states of the Eurozone. These include multiple market opportunities, stable economies, mutual support, and specific monetary union with a single currency. Thus, the creation of the second one can add unnecessary complexity to the functioning of this organization. It means that there can...
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...
Investing in any market or venture carries the risk that the expected return on investment will not be realized or the initial investment will not be recovered. These risks may be ignored when the amount involved is negligible and if the loss cannot affect the financial health of the individual...
Biezma, M. V., Andrés, M. A., Agudo, D., & Briz, E. (2020). Most fatal oil & gas pipeline accidents through history: A lessons learned approach. Engineering Failure Analysis, 110, 104446. Web. This source is a scholarly research conducted by Biezma et al. (2020) and posted in the Engineering Failure Analysis...
The vision of a free market with an invisible hand taking care of social benefits and public well-being serves as one of the dimensions of capitalism as an ideology. For its achievement, the market should adhere to specific conditions and be competition-based and economically unbiased. However, there are numerous barriers...
Introduction A developing country is a nation whose economy is in the process of development. This means that these countries are working to improve the living standards of their citizens and expand their economic base. In general, developing countries are characterized by low levels of income (Saner et al., 2019)....
Introduction Numerous people have stopped taking care of their retirement security in old age, becoming accustomed to having the state accomplish it. At the same time, the state system of pensions and various social benefits has become hostage to what has brought it privileges in the past. Therefore, understanding the...
Introduction Credit history determines a person’s ability to manage debt in the future. It demonstrates the time, place, and organization of the owed credit and affects a person’s opportunities and chances for applying for the credits or loans. A person with a low credit history is less likely to rent...
Industry Goods and Services As a commodity of the contemporary era, the fashion industry is the third-largest global enterprise after automobiles and technology (Pelikánová et al., 2021). Fashion is dedicated to the trade of manufacturing and making clothes sales, and it incorporates manufacturing, design, distribution, retailing, marketing, and promotion. Further,...
Executive Summary This research paper investigates the nexus between human trafficking and national security from an economics perspective. The main research variables investigated in the inquiry relate to the global sociopolitical issues, economic interests underpinning the trade, and health factors affecting national security. The secondary research method was used to...
For many products, demand is more elastic from the price for a long rather than a short period. One of the reasons is that it takes time for people to change their consumer habits. For example, even if coffee prices rise sharply, the required amount will decrease only gradually since...
Introduction This economic evaluation concerns the program developed to help prevent suicide and drug overdose in Racoon City. Suicide and drug overdose present severe problems for young people who represent approximately 35% of the total Racoon city population (Program Evaluation Scenario). This age category presents the experimental group in the...
Capital Budgeting Techniques Capital budgeting is a significant part of a project, and the corresponding techniques allow business owners to improve the wealth of investors and stockholders. The primary purpose of capital budgeting techniques (CBT) is to recover the invested capital and further increase the overall profit of all parties...
Russia’s war in Ukraine is one of the most devastating events in the XXI century. Besides causing thousands of human tragedies and destroying local infrastructure, it is changing the global economy forever. The global supply chain of goods is one of the spheres deeply affected by the war. Due to...
Introduction Banking has evolved in several ways throughout the decades. Compared to previous years, banks now provide a wider variety of goods and services, and they do it more quickly and effectively. However, banking’s core role continues to be the same as it has historically been. Banking institutions utilize a...
Introduction Complexity refers to a topic that many individuals intuitively comprehend. If more requirements or components are added, a system automatically becomes more complex. In the digital era, as internationalization and technology advances establish an ever-evolving world at a rapid pace, it is difficult not to see the effects of...
It is crucial to understand how the Federal Reserve affects the country’s economy and why its approach is not apparent to the public. Monetary policy can be defined as the official regulation of market operations based on the analysis of the most recent economic developments (Mankiw, 2018). It represents the...
The county government of Ann Arundel spends close to trillions of US dollars on its annual budget expenditure. The money is funded from the local taxes and finances all state departments’ needs in providing necessary services to the community. As such, analyzing the expenditure of Ann Arundel’s county departments and...
In 1946, the year after World War II, there were 3.4 million births, a 20 percent increase over 1945; the so-called “baby boom” officially started at this point (Hayes, 2022). There were an extra 3.8 million births in 1947, 3.9 million in 1952, and over 4 million births each year...
Introduction The oil sector has brought more substantial harm than benefits to the world. Since oil was first produced commercially in the mid-19th century in the USA, the global oil rush has left more damage to humanity than benefits. For decades, oil has been fundamental in fuelling our motor vehicles...
Mitigation programs have a critical preventive function in case of emergencies. As a rule, these programs are undertaken at the state level, but the support of the business sector and community members is equally important. With their help, local support of resources, distribution of management coordination, and assistance in monitoring...
Introduction Tax issues always depend on various external factors affecting the level of politics and economics. The strongest of these is the pandemic, which has required an immediate response from governments around the world. The pandemic has made adjustments to the global economy, consumer behavior styles, and company opportunities and...
Summary In economics, price inelasticity of demand refers to the fact that a price change has little or no effect on the quantity demanded of a good or service. Consumers do not respond much to changes in price; they pay more for the same amount of goods (Bhandari 2018). Understanding...
For this discussion, I found an article discussing future fuel price rises. Given world events and the instability of the global economy, this news should be put into the context of possible prospects. Changes in logistics routes for raw materials and the revision of investment currencies are also strongly influencing...
Globalization is the process by which the globe becomes increasingly interconnected due to the exchange of commodities and services, information, knowledge, and cultural values. Its profound effect can be assessed both positively and negatively. On the one hand, human rights are violated due to globalization. Because of globalization, farmers earn...
In modern-day business, capital budgeting is rather crucial for a number of reasons. Various methods of that tool may be helpful for businesses and their managers in making the right decisions. Moreover, certain projects can be followed by various concerning risks. This is why every manager should take them into...
Discrimination in various kinds is always harmful and destructive action, whether it considers more narrow or broader aspects. There is a specific type of discrimination in the business industry, specifically the sales field. Marketers and managers can speculate prices based on customers’ characteristics or buying opportunities. Thus, this paper aims...
Every year the number of innovations that humanity masters worldwide is becoming more and more. The main task of any invention is to improve or simplify a person’s daily life. Despite this, controversial innovations are emerging in the world that were created to improve lives but at the same time,...
Introduction Inflation and oil prices are actual modern themes, as they are directly connected with the incomes and wealth of most people. Various factors influence them, and only some of them may be regulated by the government. In addition, every governmental regulation leads to drawbacks: for example, it may reduce...
Introduction The strength of the national economy is determined by various aspects and market indicators, including GDP growth, the level of foreign trade, and many other criteria. One of the significant factors to consider is the currency’s stability and its relevance to the international market. Regarding the countries of the...
The article What If Riding the Bus Were Free by Andrea Bennett offers a perspective on the benefits of society’s transition to free transportation service. The paper contains nine headings under which it discusses various issues of free travel – current programs, social conditions (invalidity, race, gender), experiments, and tax...
Quite possibly, Benjamin Graham would have called my philosophy and train of thought an attempt at speculation due to insufficient analysis of McDonald’s and Coca-Cola. The valuation could have been based on a broader time frame and many other external factors that affect the price. It is worth taking into...
Introduction Japan is among the most developed countries in the Asian continent. It has an unregulated trade and is a member of the two major global governance clubs, namely the G7 and G20. The country’s main industries are manufacturing, agriculture, fishing, and tourism. It lies off the eastern coast of...
Introduction It is important to note that international finance is a complex and multifaceted subject. An individual seeking to understand the field and its dynamics needs to be able to explore the methods used to conduct international business in the multinational financial environment. He or she needs to have knowledge...
Financial markets provide an avenue for selling and exchanging physical assets, and many businesses go into these markets to raise capital and make investments. The markets have five major components; the derivative market, equity market, debt market, foreign-exchange market, and mortgage market (Sobti, 2018). The derivative market is a component...
Introduction China bids on foreign infrastructure development due to its potential to advance Chinese diplomacy and economy and enhance security. The Belt and Road (BR) project was announced by President Xi Jinping in 2013 (Ye, 2020). The first reason, foreign “infrastructure diplomacy,” was to enhance “mutual connectivity” throughout the Asian...
Introduction Natural gas and LNG are natural resources traded as commodities and widely used worldwide for various purposes: primarily for energy production. Those are heat generation in cold regions of Earth in winter and natural gas usage at power plants for electricity generation. Natural gas is, basically, methane, a gaseous...
The fantastic weather is one of the most prominent reasons why people relocate to Tampa. Many of Tampa’s neighborhoods are peaceful and secure, with abundant natural vegetation and animals. The coastline, watercraft, and other fantastic parks are among the many attractions in Tampa that are suitable for families. The City...
The modern world is characterized by the emphasis of many states on the policy of globalization. Under this strategy is understood the establishment of cooperation between nations and governments, as well as the unification of mankind in the face of common problems of both androgenic and natural nature. Based on...
Gasoline taxes are an important policy tool for reducing reliance on oil imports, curbing externalities associated with car use, and increasing government revenues. Externalities associated with car use are local air pollution, CO2 emissions, traffic accidents, and traffic congestion (Andersson, 2019). Concerns about climate change, air pollution, national budget imbalances,...
The Unemployment Rate In the context of present-day developments, the unemployment rate appears to be a crucial indicator for evaluating the economic situation in different countries. It reflects the general living standards of the population and the level of poverty. However, the question about which categories of workers should be...
Background At the moment, the real estate business is developing more rapidly. Despite the difficulties that the global coronavirus pandemic has brought, this area of human activity is gaining lost strength. Thus, there are more and more different trends in this area. Researching relationships with them can significantly help in...
Introduction Former Californian governor, Jerry Brown, is famous for this quote: “The minimum wage has not kept pace with rising costs”. Within the past two decades, the United States has witnessed an increasing population. Most of the country’s citizens continue to encounter numerous challenges, including rising costs for primary goods,...
Introduction Demographic change refers to changes in the size, composition, and distribution of a population over time. Real estate includes the rights of ownership and use; everything immovable and tangible that comprises property can be classified as real estate, including houses. Basically, anything natural or man-made which has a value...
Introduction The study’s main objectives include identifying the role of SMEs in the U.S. economy. The research will consider the number of SMEs in a specific city, identify their primary activities, find the number of employees working in a specific SME, and estimate these changes. The project will also aim...
The New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq) are the largest stock exchanges in the United States. The fundamental similarity between them lies in the trade organization model — both NYSE and Nasdaq use market makers to maintain a fair and orderly market (Hayes, 2022). A...
Banks are the main financial intermediaries not only in the national but also in the global economy. Accordingly, the progressive development of the international economic system with all its connections and interdependencies depends on how stably and efficiently their activities are organized. To prevent financial crises and create conditions for...
Introduction Since the end of Apartheid system in the early 1990s, South Africa has continued to prosper economically. The policies set by the South African government to ensure the redistribution of wealth have been second to none. Nonetheless, the issue of inequality, particularly financial disparity, remains rampant in South Africa....
After the Second World War, the postwar economic boom was a period of international commercial expansion characterized by considerable economic growth and high productivity. The US experienced a lot of success after the war, which changed the lives of regular Americans, making them more comfortable than they were before. The...
The invasion of Ukraine by Russia threatens to have far-reaching consequences for many of Ukraine’s neighbors. Moldova stands as an example of Ukraine’s neighbors that has experienced effects of the war. It is the smallest country in Eastern Europe, with a populace of fewer than three million people and now...
General development classes are very important for the mental education of young children. During classes, a child gains important qualities necessary for successful cognitive development. However, not all parents are ready to dedicate much time to teach their kids. Thus, numerous early education centers have developed special programs that help...
Introduction With the evolving technology the nature of trading is also changing drastically. High-frequency trading (HFT) is one example that enables firms, private businesses, and other institutions to execute a trade within fractions of seconds using certain algorithms and different computer programs. This method of trading has become very popular...
Review of Financial Articles This paper is a presentation of a review of articles that talk about financial theories. The first article is titled Theory and Policy in response to “leaden age” financial instability: Comment on Felix written by Pollin (1997). The second article is named Measuring the Impact of...
Introduction The Australian economy has shown flexibility in tough times like the COVID-19 pandemic. The International Monetary Fund (IMF) stated that the Australian economic growth rate remains at 4.2 percent as of March 2022 (The Australian Economy, 2022). It is projected that the Australian gross domestic product (GDP) will be...
China’s economy has been the world’s fastest expanding, Since the 1980s. It took over four decades for China to begin economic reforms and trade liberalization. The “fastest sustained expansion by a large economy ever,” the World Bank said. Since 1979, when it opened its doors to foreign commerce and investment,...
Introduction In addition to its social importance in human life, housing is also one of the primary investment instruments for investors and households in Turkey. In countries with a high population growth rate and where capital markets are not deep enough, housing investments are widely preferred by individual investors. As...
In her article “Pandemics are not war,” Alyssa Wilkinson writes about the use of war as a metaphor for pandemics. The author argues that it is unfair to view pandemics as a force of terror rather than a disease that spreads rapidly and affects the lives of many citizens (Wilkinson,...
Introduction The rise in the price of gasoline is a widely discussed topic in Australia. This market affects and significantly affects the lives of both end consumers and at larger and larger levels of the economy. Since the Morrisson government significantly promoted the idea of reducing the pressure on the...
Introduction A trading bloc refers to an agreement between different countries that reduces barriers among member states. They can be in the form of stand-alone treaties amongst some nations or part of a regional organization. These institutions result in trade liberalization and creation between states as they are treated favorably...
There are many microeconomic issues which affect American cities, and one of the most prominent of them is the housing crisis. In New York, the problem with the rising rent and a growing homeless population is particularly notable and attracts considerable attention of local media. In the article, “Eric Adams...
Bordo (2000) mainly expounds on Anna Schwartz’s sound finances and stable monetary policies. His work presents American historical evidence that shows the interrelationship between measures of financial movement and aggregate price stability. Therefore, the primary purpose of this article is to examine the application and effect of Anna’s policies. Bordo...
Introduction Reform strategies, including abolishing price restrictions, deregulation of capital markets, reduction of trade-based barriers, and commercialization and austerity, are examples of neoliberalism today. Mexico, Canada, and the U.S. came into agreement with the North American Free Trade Agreement (NAFTA) in 1994. The free-based trade agreement went into effect on...
Introduction The United States has encountered many incidences of recession since the end of World War II. However, the Great Recession, which suppressed the country’s economy, occurred throughout 2008 until June 2009. The financial crisis severely traumatized employees in industries, household livelihood, and routine production activities (Gertler & Gilchrist, 2018)....
Introduction Analysis of revenue sources is extremely important to understand how the financial health of the county can be improved. According to Aikins (2011), the majority of local governments struggle with meeting the growing needs of US citizens in government services. The primary reasons for the matter are decreasing financial...
The demographic under focus is the Hispanic population of the United States. According to the U.S. Bureau of Labor Statistics (2022a), the unemployment rate for this population was 4.3% in May 2022. Meanwhile, the national average for the same period was moderately lower and stated to be 3.6% (U.S. Bureau...
Introduction Coinbase nonfungible token (NFT) is separate from the cryptocurrency business, and research and development create new products to improve existing offerings. NFTs are different from cryptocurrencies because they are unique and not interchangeable. Coinbase NFT saw increased operating costs and research and development, although they would not see a...
Mizen & Yalcin (2006) conducted a study to find out the relationship between a company’s financial composition and its monetary rules and regulations. In particular, they suspected that these factors had a close relationship with the kind of responses employees have in their workplace. To achieve this, the authors sought...
Introduction It is hard to disagree that there is probably nothing universally positive or negative in this world. Everything has a price, and many processes that allow countries to develop also require people to pay for this development. Globalization is a unique and significant process that erases the borders between...
Any organizational process is based on the logic of a systematic approach (Teece, 2018). Systems theory assumes that a system consists of interdependent and interconnected parts that interact during the workflow (Gordon, 2022). Contributing to each other, the elements stimulate the well-coordinated work of the organization without failures and weak...
Arestis, Nissanke, and Stein (2005) conduct an investigative and informative piece where they focus on financial liberalization policy. They suggest that financial crises are unavoidable since they are caused by policies with little utilization of economic development and finance. In their view, the authors believe that flawed theories lead to...
A monopoly can take advantage of its market power by using price discrimination. In terms of this statement, list and discuss the various categories of price discrimination. For each category, substantiate your answer with the aid of examples. A monopoly is a market situation in which a single company holds...
Economic factors frequently influence the reforms that governments choose to implement. National policies, especially in the United States, have always had a significant impact on economic power, the emergence of new company organizations, and the performance of financial institutions. In fact, an economic process in a country demonstrates what individuals,...
Introduction Small and Medium-Sized Enterprises (SMEs) refer to independent or non-subsidiary firms that employ a few workers. In other words, an SME refers to a small or medium-sized business enterprise that is independently owned and requires hundreds of employees for their effective management (Godil et al., 1). Most of these...
Introduction Islamic banking is a model for offering financial services in addition to the conventional banking system. It entails service delivery guided by the Sharia law requirements as opposed to the usual banking system that is guided mainly by non-religious regulations. Maghfuriyah et al. (2017) state that “Islamic banking as...
Over the past few years, the global real estate market has been at the center of dynamic economic and social changes. Accordingly, its players have faced new risks and opportunities. While most of these trends can already be tracked and analyzed, investors and developers still underestimate their impact on their...
Investment is the act of putting money in a business to make it grow and receive more profits. Examples of investor characteristics include goal setting, knowledge of the market, and effective decision-making skills. It is also important to consider project objectives and policies, such as those guiding financial decisions, savings,...
Money is one of the vital tools in society; this invention helped to develop trade and exchange. Many people refer to money as a physical entity; indeed, in economics, money plays a significant role in electronic exchange. Money has several functions; for example, it serves as a medium of exchange,...
The traditions of animal husbandry and the culture of meat consumption in Australia have become the main reason that the country is a world exporter of beef. When the first settlers arrived on the mainland, there were no suitable animals for domestication in Australia. In 1788, several cows and a...
If a bank does not have enough own reserves, it can borrow excessive reserves from another bank as a temporary short-term loan. The federal funds rate is the price of this loan, represented by the short-term interest rate. However, in economics, all processes are interconnected, and such federal funds rates...
Introduction Movies are resourceful works of art that can help viewers analyze historical events and appreciate how they impacted on citizens’ lives. Following the end of the Second World War, various economic and social developments emerged that transformed people’s experiences and pursuits forever. This discussion uses the films, The Marriage...
Most of the world’s cocoa supplies are carried out from small family farms, which are located in different countries of West Africa. The process of growing cocoa is quite time-consuming, and currently, consumers and human rights activists are concerned that children are used in this work. The cost of buying...
Abstract This paper examines the relationship effects of debt burden on sustainable economic growth using Nigeria as a case study. The country-specific investigation aims to demonstrate how countries’ debt management practices may influence their ability to utilize this resource to spur economic growth. The current analysis of Nigeria’s public debt...
COVID-19 has become a global pandemic that has impacted every aspect of our lives. World Health Organization characterized the illness as a pandemic on 11th March 2020, resulting in 3 million cases and the demise of 207,973 people (Bharati et al., 2022). The illness is characterized by flu-like symptoms and...
Public/Private Partnership Public-private partnerships (PPPs) are attracting interest in various industries and sectors across the world. PPPs are seen as instruments for more and better infrastructure. In many cases, PPPs offer fiscal advantages in various projects. For example, the public organization could save significant amount of money by outsourcing a...
The negative change in market conditions last year was influenced by several events. The main problem is that the raw material market has been subjected to a rush of demand. The latter has mainly appeared in countries such as the U.S. and China, as well as in Australia. The reason...
Introduction Research Question: How does the pearl industry cause shifts in demand and supply, demand elasticity, and externality in Australia? Pearls are found in mollusks or oysters, and they are grown in limited areas of the ocean. They exist in different colors and shapes, and their prices are dependent on...
Summary Bower’s case study focuses on the measures that the management of Marcs & Spencer took to restore the company’s image as a retail power. Founded in 1884, the firm has had numerous periods of decline and growth. For example, despite its progress at the beginning of the 20th century,...
Financial Markets Financial markets perform different functions, including fund mobilization, information provision, and risk sharing, which allow different investors to buy or sell their respective financial instruments at fair market value. Investing in the stock market is one of the best ways to grow your money (Shu, 2019). The stock...
The budget in any field of activity or business is an essential part of its functioning. Thanks to the funding, it is possible to calculate all income and expenses, plan any costs, and implement any plan for the modernization of production, its functioning, and improvement. Any company or organization must...
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...
Market failure occurs when there is a misallocation of scarce resources through underproduction or overproduction leading to a less optimal result. In the case of externalities, there is a side effect that is generated from economic activities and yet fails to be reflected in the pricing of commodities. Resultantly, there...
Introduction In the digital economy of the new age, there is a noticeable trend toward the use of cryptocurrencies. Cryptocurrencies should be understood as virtual alternatives to currencies distributed using blockchain technology; one of the most popular and early cryptocurrencies is Bitcoin. Bitcoin has unique characteristics that give the currency...
The Russian invasion of Ukraine has caused enormous human misery, but it has also harmed international trade, which will disproportionately affect low-income nations. Higher costs for commodities such as food and energy resources, raw materials, for instance, will actually increase inflation further, diminishing the value of earnings and putting downward...
Introduction There are different opinions regarding the idea of raising the minimum wage to $15 per hour by 2025. Currently, the federal minimum wage is $7.25, and supporters and opponents of the increase mandated by the 2021 Wage Increase Act are divided (Cooper et al., 2022). Supporters believe that the...
It would hardly be an exaggeration to say that many citizens of developing countries await their transformation into universalistic welfare states providing social benefits to their citizens. However, the very process of transformation may stumble upon difficulties as countries seek to embrace their new roles. Nevertheless, there are key factors...
Introduction According to most stereotypes and cultural patterns, traditionally a smoker, society in Britain grew weary of smoking, mainly passive smoking, by the late 2000s. Community, big business, despite the risks, and health institutions rallied around the goal of building new anti-smoking trends. As part of a massive campaign to...
Introduction One might suggest that actors and participants in the financial world are now witnessing a resurgence of a protectionist and even isolationist paradigm in trade with the United States (US) as a pioneer. According to Dettmer, “the U.S. is … focusing on national self-reliance and boosting manufacturing capacity.” Global...
Executive Summary The development of the domestic economy depends on both the trading relationship with other countries and the state’s self-sufficiency. To foster a local economy, developing countries tend to embrace the approaches of import substitution or export-led growth (Appendix F). The first approach, while facilitating technological progress and self-sufficiency,...
Labor Market in Alabama Alabama is a state in the U.S. located in the southeastern region of the country. The state’s capital is Montgomery, one of the nation’s economic hubs. Moreover, Alabama’s demographics consist of about seventy percent Whites and about twenty-seven percent African Americans (“QuickFacts; Alabama” 1). The state,...
Introduction The article State Capacity and Long-Run Economic Performance by Mark Dincecco and Gabriel Katz (2016) explores the relationship between political transformations and sustainable economic growth. Specifically, the authors analyze how increasing state capacity and establishing a limited government in Europe affected the financial performance over several decades. They have...
Shelter is the basic need of every person, yet quite often, people face difficulty with finding a place to live due to high costs on the market. As a result, there is a substantial demand among citizens for affordable housing, which would allow them to have proper living conditions without...
Economics is a discipline that may be divided into two major categories, including macroeconomics and microeconomics. While macroeconomics addresses economic-related decisions made by governments and countries, microeconomics studies business decisions that affect individuals’ behavior in relation to supply and demand. However, even though macroeconomics and microeconomics refer to different spheres...
Immigration is the process of relocating to a new nation after leaving one’s home country to pursue better economic, political, and social conditions. Frequently, immigration is perceived to negatively impact the country’s economic growth rather than promote its net gain. Despite strong opposition from various people and nations, research indicates...
Bank employees need to evaluate the set of financial statements before granting loans. The income statement, statement of owner’s equity, and balance sheet provide information on whether the borrower can repay the loan and make it possible to assess the likelihood of repayment in the case of bankruptcy (Chron, 2020)....
Answering not the question of whether infinite economic growth is possible, one should understand its constituent parts. I believe that endless economic development is impossible in practice, and for a number of reasons. The main component of the idea of endless growth is exponential growth. Exponential growth is any growth...
Introduction There are many people believing immigrants are ruining any country. That statement could be true if illegal immigrants are employed unofficially and do not pay taxes. However, even illegal immigrants have to spend money buying all types of products: from pharmaceuticals to food supplies, rent or housing, and transportation....
The Implications of China’s Exchange-Rate Policy The actual exchange rate influences open economy policy choices within the countries it affects. They may have detrimental consequences not just on the economy where currencies are over or overvalued but also on other businesses with which it is directly or indirectly linked. In...
Introduction The American real estate market provides many people with significant taxable profits on a sale. However, in the past decade, especially after President Biden came to power and announced his campaign on taxation, there has been a well-founded talk of experts that some opportunities are threatened by new possible...
Although an old-age sensation, offshoring has lately gained a new dynamic due to the decrease in communication costs and transport, not forgetting the dramatic advancements in technology. The offshoring trend has dramatically influenced the relocation of “conventional” production stages, also known as material offshoring. In addition, it has enabled the...
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...
Introduction The current situation in Eastern Europe has had a significant impact on the world. Since the beginning of the Russia-Ukraine war, various sectors of the economy have been impacted negatively, thus tempering the normal operation of the financial institutions. For instance, financial markets such as the stock market, the...
Although mandatory retirement may not be a desirable solution, it is definitely a reasonable one under several circumstances. Mandatory retirement can be applied by companies to employees whose age surpasses the recommended working one in the industry (Börsch-Supan & Coile, 2021). In such cases, mandatory retirement is needed since there...
There is free entry and free exit in a perfectly competitive market with the absence of entry barriers. The buyers and producers also have adequate information about the market with no additional transaction costs. Therefore, perfect competition is expected to make a profit in the short run but maintain an...
The article entitled “Electrification, Tractorization, and Motorization: Revisiting the Smoot-Hawley Tariff Act” by Boudreau looks into the reasons that led to the adoption of the Smoot-Hawley Tariff Act document. Deeply rooted in the roaring 20s, the preconditions for the new legislation were formed by the economic and political peculiarities of...
Executive Summary Premise Climate change is a problem that affects the entire planet, which means that all stakeholders need to make a joint effort to reverse the impacts of climate change. Governments can spearhead the efforts to reverse the effects, majorly through making policies and leveraging investments in critical sectors...
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...
Since 1944, the US dollar has been considered the most powerful and trusted currency all over the world. Such authority eventually allowed it to become a central agent of world trade between the states and an official currency to secure the world financial reserve (Siddiqui, 2020). However, over these years,...
Definition of the Key Term Porter’s Diamond Theory is a theory of competitiveness of the national industry based on four primary components: factor conditions, demand conditions, state of related and supporting industries, and firm strategy, structure, and rivalry. Article Summary The article by Fang et al. (2018) presents an assessment...
Introduction Australia’s live export is the trading of goats, sheep, llamas, cattle, and other livestock by sending them to other countries across the world. The livestock is exported for both breeding purposes and food consumption. The livestock is considered to be free from diseases. In 2018, the Australian live export...
The function of foreign exchange in practice for the company is hedging. The organization is participating in international trade where the customers of the cross-boundary units pay for goods and services using their local money. The unpredictability of the nations’ currency poses a significant risk of depreciation, increasing the venture’s...
Introduction In the international trade, countries are obliged to consider the state of industries of their trade partners. Nations whose economies size up to each other have to carefully assess their comparative advantage in order to ensure that they benefit from international deals. Through the example of Japan-US trade relationship,...
The Federal Reserve System (Fed) is an agency that drives financial stability, being the key regulator of all its bank members. It acts in the capacity of the lender of last resort to institutions that are its members and have no other alternative to borrow from (McDowell, 2017). Concerning its...
The spread of COVID-19 has impacted many people and industries globally, and multinational companies (MNCs) are not an exception. MNCs typically offer better wages and working conditions than smaller local companies (Bohle and Regan, 2021, p. 80). In Ireland, the top ten MNCs account for almost half of all corporate...
Introduction Taxation primarily imposes mandatory levies on entities and individuals through countries’ governments globally. While there are many varying tax systems, the majority of the United States citizens recognize the essential part played by taxes paid to local, state, and federal governments in the provision of public utilities. For a...
For decades, the economic development of Japan has been regarded as a miracle due to its ability to regenerate rapidly after the damage of the Second World War. An impressive part of the Japanese economic success concerns the country’s trade relations with the US and Asian markets (Grimes, 2001). However,...
International trading is vital in overcoming the problems of limited natural resource production opportunities. Moreover, countries trade with each other to get a higher income due to the difference in the cost of production in the home country and abroad. Another aim of international trading is to increase the specialization...
Message from the Article In the studied article, “Why aren’t gas prices dropping if oil is getting cheaper?” Janet Nguyen presents a unique perspective regarding the current predicament of oil and gas prices. The author is convinced that most of the gas stations will take longer to lower their prices...
Introduction It is important to note that fiscal policy plays a critical role in the economic processes of a nation. Although it is distinct from monetary policies primarily managed and issued by the central bank, the impact can be significant since the government is the main agent of facilitating and...
One of the central concerns in the building of community gardens is the legal evidence of the right to remain. It may seem unconventional since almost everyone can see the exceptional benefits of such initiatives. However, the state may try to close the green due to unauthorized use of the...
Introduction Bangladesh is located in southeast Asia and covers an area of about 148 km². The country’s rich history implies a diversity of traditions and cultures, which is exceptional for such a small state, making it appealing for the project. The government’s official website is the most reliable source of...
Fashion trends arise and die, making society value sustainable advertisements. Indeed, the advertisements make the society gain characteristic beliefs and cultures that have evolved to fit in new trends. The nature of changes in the fashion industry cannot be projected with ambitions because they are evocatively designed to fit in...
Summary Comparative advantage is an economic concept that some countries, states or regions are better set off in producing specific goods than others. Comparative advantage is important in world politics because it determines the countries or regions that will benefit from specializing in he production of certain goods or products...
The valuation of sportfishing harvest methods is a prominent research area in marine resource economics. The article “Valuation of Sportfishing Harvest” by Carter and Liese (2010) provides a comprehensive examination of this strategy using a hedonic theory, commonly utilized for distinguishing and managing produce in charter fishing services. The authors...
Introduction The valuation of a company’s shares on the stock market can occur in various ways. Various models allow estimating or predicting the price of shares both for investors in terms of the company’s attractiveness or its profitability and for the company’s internal management in terms of sustainable development. However,...
Coronavirus has taken a substantial toll on people worldwide, making it an international pandemic. Being only a year after the eruption of the virus from Wuhan, its effects have been felt globally. Undoubtedly, the virus’s impacts have been detrimental to almost every country universally, claiming thousands of lives, especially in...
The story is about the fiscal policies that have been put into place by the Indian government in recent years, and each of them has had a different impact on income distribution in the country. Progressive taxation is one such policy; it is a system in which people who earn...
