2423 samples of this type
Analysis of social processes is governed by the idea of globalization in modern science. Globalization today is the determining factor in political, economic, and cultural development. It encloses the most important economic and social evolution processes that accelerated modernization, cultural change, and economic growth. Moreover, globalization innovates new issues and...
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...
Introduction Harrods presently operates in the UK’s retail and fashion sectors. Charles Henry Harrods began the company in 1849. The firm has grown significantly to become a successful brand in the country. It presently provides luxury products to its customers. Its store occupies a site of around five acres along...
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...
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...
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...
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...
The phrase knowledge economy typically refers to an economy that is built on advanced technological expertise. It also refers to knowledge economies, which are institutions in which knowledge is a key good that is transferred in some form. The first type of knowledge economy clearly necessitates the second, although the...
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...
Introduction Engineering Procurement and Construction (EPC) is an innovative strategy applicable to big and complex projects. EPC activities are conducted by specialized contractors who undertake actual work on behalf of the owner. The details of engagement are outlined in an EPC contract, including the control, costs and risks. The EPC...
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...
The concept of business environment is characterized by many multidirectional uncertainties that determine how companies operate on a daily basis. The theory of investing capital with the hope of getting high returns is one of the main ways to manage financial assets. Today, investment in technology will determine success, as...
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...
Introduction The US government statistical agencies collect and process massive volumes of data, which are supposed to reflect the condition of the American economy. However, their tremendous effort is significantly distorted and undermined because of discrepancies emerging due to various factors. Feldstein (2017) studied the consequences caused by underestimating real...
The main topic of the current letter is to discuss the budget overrun regarding the restoration of the new school tailored for disabled children. According to the primary inquiry, the technological aspect of the school support was not mentioned. Conducting the detailed analysis of the initial request, some inconsistencies were...
While exploring the book written by Greenlaw and Taylor (2014) Principles of macroeconomics, I found remarkable information provided in Chapter 2 in the section “Confronting objections to the economic approach.” This part of this section puts emphasis on human behavior and explores the notion of self-interest from various perspectives. The...
There are numerous ways for companies to finance their maintenance and expansion. Capitalization structure is the proportion of debt and equity, and a bigger percentage of one or the other companies can be divided into high-leverage and low-leverage groups. Low-leverage companies often have a conservative capital structure that is usually...
In the current epidemiological situation, macroeconomics is in a state of crisis. The current market system is now complicated to represent an integral mechanism that could unite all continents. Countries such as the United States and China have long restored the pre-crisis economy and therefore continue to wage trade wars...
Introduction Most previous studies on minimum wage regulations have focused on society’s economic well-being. The discussions have been grounded on one hand; minimum wage increases the low-earning workers’ living conditions, thus, decreasing level of poverty (Kweon and Suzuki 269). While on the other hand, they instigate that the minimum wages...
Introduction Impulse purchasing is a consumer behavior that marketing strategists use as a way to increase revenue. Much research has been done on this topic, as well as studies about the reasons behind it and its implications in the traditional retail business. However, the subject of such behavior is not...
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...
Introduction This essay addresses the government through the Minister of Finance (the audience) on fiscal policy, government spending, and taxation. Although the ministry is aware of the three terms, the writer pulls the three phrases by helping the government recognize their roles in promoting growth and employment. Government expenditure relates...
Introduction Governments rely on taxation systems to get adequate financial resources for funding a wide range of public initiatives, expenditures, and projects. Legal mechanisms are usually put in place to identify and punish those who fail to remit their taxes. Citizens can pay taxes in different levels, including purchase of...
One of the worst problems of the Great Depression was the unemployment rate. By implementing the New Deal programs, Roosevelt aimed to create a complete cycle of economic support. In this cycle, the government helps the general population with money and the restoration of industrial objects to create workplaces (Patel...
The economic sphere of society’s life and the market function according to certain laws. Knowledge of these features is essential for the effective operation of any business and understanding the impact of price and non-price factors on changes in supply and demand. To make different decisions on development, companies and...
This fact sheet applies to any individual to bring goods into the country from external countries for home use. It illustrates commonly used terminology and how the import clearance system works, and other vital information required for any visitor or current country resident. This fact sheet also contains a section...
Introduction The COVID-19 pandemic presented huge concerns globally at the start of 2020. To limit the spread of the disease, the government had to enact several measures and lockdowns to curb the spread of the virus. The COVID-19 epidemic had a rejuvenating effect on small business sectors, putting the economies...
Demography Demography contributes significantly to the production and distribution of specific commodities to customers. Demography refers to the group of people receiving particular commodities or services (Smith et al., 2020). It may analyze people based on specific criteria such as age, education level, financial status, class, sex, religion, ethnicity, etc....
Introduction The US economy is affected by bonds that determine the market’s liquidity aspects, hence determining the standards of living through consumerism metrics. Due to investment perspectives, bonds are useful in capital preservation, which can predict returns for a given enterprise. In the New York Times, Neil Irwin has articulated...
Impact on American solar panels manufacturers Chinese solar panels have dominated the market in the current American economy and are available in almost every part threatening American Solar Panel producers. These overseas products provide more choices to consumers since they are cheaper as compared to American solar panels. However, the...
Introduction FDI is the initials for Foreign Direct Investment. FDI can be defined as an investment from an individual, business, or corporation in one economy or country into another enterprise in a different republic with the intention to establish lasting interests in it. The capacity to control, manage and influence...
The regulatory action of global standards is an essential instrument for the national economy and international trade. In Mexico, standardization takes the form of required Official Mexican Standards (NOM) developed by federal government agencies, as well as predominantly voluntary Mexican Standards (NMX) supported by the Secretariat of Economy and the...
Introduction Sustainable economics is a special condition that maintains a stable level of financial components for a long time without significant fluctuations and negative impact on several social aspects. It is a fairly universal, broad term covering all forms of growth within the framework of meeting the needs of current...
In his speech for TEDGlobal 2012, Pankaj Ghemawat addresses globalization and its real scope and impact on the whole world. He mentions two opposite perspectives of this phenomenon, and the first one is pro-globalizers. Supported by media and multiple surveys and reflected in the book “The world is flat” by...
The Wall Street Crash of 1929 generally refers to the stock market crash, which led to the economic downfall of the whole country. Experts emphasize the rapid growth of the American market in the 1920s as the primary cause since people were eager to make a profit from the stocks...
The financial crisis of 2008 was one of the most significant economic disasters in world history. Even though numerous countries and separate businesses were caught by surprise by the emerged problems, many experts state that the crisis could be predicted. In particular, the accounting information of KB Home, including the...
Introduction Access to information is a crucial factor that influences market operations. In an open market, buyers and sellers may have different access levels to information regarding the products, implying that asymmetric information is common in many market situations. According to Pavlov et al. (2022), asymmetric information denotes imperfect, skewed,...
Under perfect competition, many firms sell identical products, the price is set by the market; Under monopolistic competition, the price is still set by the market, but the products are more differentiated; With an oligopoly, the number of firms in the market is small, a high degree of interaction between...
Introduction Sales conditions dictated by today’s market trends are largely based on supply and demand indicators as the key parameters that determine the dynamics of seller-consumer relationships. Corresponding fluctuations of these factors directly affect the share of production and pricing. One of the economic concepts to take into account, in...
Globalization in business is the state where the products and services produced by companies gradually become the same globally (Ifigeneia & Dimitrios, 2018). The social media concepts have become one of the main agendas used by most business executives to promote Business through media platforms and online services to allow...
There are many ways in which households have changed in the past 50 years. People today are getting married much older, and although divorce rates had risen significantly by the early 1990s, there has since been a decreasing tendency. Because of the rise in divorce rates, there are many more...
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...
Research Rationale Celebrity endorsements positively influence buying intentions, brand identification, memory, and purchase behavior. In addition, celebrity ratification surpasses a positive frame of mind toward an organization; however, there is little evidence on whether an international or national star has a similar influence on product standards in the local market....
The US-Cuban diplomatic relations of the past 60 years have been extremely tense due to the US government’s embargo imposed on Cuba in 1960th after Fidel Castro became Cuban leader. The growing authority of the communist party in Cuba and the nationalization of foreign companies, including US ones, defined America’s...
Introduction In today’s global economy, consumers are used to seeing products from all over the world in their local grocery stores and retail stores. In general terms, international trade is a means by which countries can develop a specialization, increase the productivity of their resources, and thus increase overall output....
In the present day, the trade relationship between Europe and other countries is constantly improving, however, there are cultural, political, governmental, and economic challenges to entering the European market. The main difficulties are determined by the differences in regulations that create particular standards in multiple spheres. In European Union (EU),...
Introduction Since the United States has always been viewed as a country of enormous economic opportunities, the minimum wage issue has been debated for a long time. The opponents of raising salaries claim that this policy may increase unemployment in the country (Lester et al.). The supporters of this idea...
Introduction Security and counterterrorism department is one of the New York City Transit police units tasked with ensuring security by neutralizing any threat associated with terrorist activities in the subways. New York City has over 5.6 million commuters who use the subway, bus, and rail transport (Brakewood et al., 2015)....
The new PBS documentary “China: Power and Prosperity” looks at the country’s ascent to becoming an economic superpower. The film digs into the country’s proposed Belt and Road Initiative, which aims to build infrastructure and strengthen trade relationships across Eurasia. It explores China’s impact on Africa, where it is investing...
To determine the level of a country’s welfare, general indicators of economic development are used, which can also be used to determine the standard of living of the population. These indicators include the gross domestic product (GDP), national income, and net national disposable income. The volume of GDP in the...
Price elasticity of demand is a measure of the changes in a product’s consumption with regard to alterations in its price. It determines the responsiveness of the demanded quality or goods supplied to a change in its price (Mankiw, 2018). Price elasticity of demand is calculated by dividing the percentage...
Economic inequality continues to be relevant to modern society, with the full range of human rights being available only to the wealthy minority. However, many social workers have now been focusing on working toward addressing the issue, with their commitment to social justice and equal human rights being illustrated by...
Introduction The Ponzi Scheme is an investment method that pays dividends from newly came investors to those who invested earlier. The Ponzi Scheme appeared in the 1920s and became widespread among mass media channels. It refers to the financial pyramid, which attracts as many people as possible to the system....
Introduction At the present stage of development of the world economy, along with interest in the analysis of general trends, it is still relevant and important to study the economies of individual countries. Of particular interest in this regard are countries of “regional powers” – centers of economic power and...
Introduction Globalization can be defined as the process of interdependence on the global culture, economy, and population. It is brought about by cross-border trade, which involves the flow of people, information, investments, goods, and services. The economic partnership has been in operation for centuries, but it gained popularity after the...
Retail Price Index It is important to note that there are several economic indicators that can be used to observe the state of the economy of a particular nation, which, in the given case, is India. The retail price index or RPI is a measurement of consumer inflation. It is...
In the post-Soviet period of economic transition from the previously predominant communist order to the new capitalist approach, two major models of economic reforms with opposing arguments were utilized. On the one hand, shock therapy as a reformation approach held that the shift to capitalism has to be instant and...
Introduction While world economies are affected by a range of problems, some have remained entrenched in countries, impending national and regional growth. Some of the challenges are political instability, poverty, disease, and corruption. These problems are inter-connected in that one leads to another, and if unchecked, may cause the collapse...
The project is an employment center for people with disabilities and any kind of physical or mental limitations. It will connect employers and companies from all over the United States with potential employees. The scope of the project is relatively small with growth potential. The work breakdown structure is the...
Commercialization is the process of converting an idea or a product into a cash generation or viable mercantile facet. Businesses and individuals often generate concepts worth significant commercial value. Nonetheless, it is until such thoughts are commercialized that the inventors can enjoy the results. On the other hand, the process...
Introducing investment opportunities into the project is another vital issue that needs to be considered closer. Specifically, given the nature of the project, which will be primarily educational, the project can be deemed as a non-profit one. Therefore, customers will be admitted without charge. The specified solution implies that the...
In the modern world, politics, like many other spheres of life and the functioning of the state, are predetermined by laws. Based on the fact that they differ in all countries, we can conclude that processes such as trade are significantly more complicated. However, lawyers and politicians are inventing new...
Introduction For centuries, sugar has been considered a commodity of high trading value. Sugar plantations were profitable to the extent that sugar was called “white gold” because of the high demand for it on the market. Being extracted from a plant called sugar cane, it has been the backbone of...
Introduction Globalization is a key belief that has emerged because of the maximum essential component in enterprise over the previous couple of decades. Globalization is an almost inevitable result of accelerated printing speeds in history, if not since the Renaissance and the first Industrial Revolution (Burlacu et al., 2018). This...
The purpose of the World Trade Organization is to help each member state promote free-market relations and attain a better level of economic development. Historically, Brazil’s aspirations to join the WTO faced a certain resistance on behalf of the country’s left-wing politicians who feared that the membership would destroy the...
The COVID-19 pandemic has also affected real estate investments differently. Some businesses benefited from the rise of coronavirus, while others recorded so many losses. Investors and economic leaders could share different views and opinions on the current environment. Before embarking on business, property owners must assess possible risks and benefits....
Introduction Background to the Study There is a consensus among economists and academicians that a new wave of economic revolution is happening as countries position themselves to exploit opportunities created by rapid technological advancements in business (Brunet-Thornton & Martinez, 2018; Lardy, 2019). Countries with advanced economies, such as the United...
Within modern society, it is crucial to be acknowledged about the core principles of the economic theory and its implications on every aspect of daily life. According to Mankiw, there are four key economic concepts, including “scarcity, supply and demand, costs and benefits, and incentives,” which illustrate the underlying reasons...
Introduction Policymakers regard Canada’s immigration program as critical to the country’s progress and future growth. Growing the country’s population, however, demands a balance and keen monitoring. The current immigration plan for 2019-2021 set by the Canadian government should be carefully analyzed. Presently, there are government restrictions on the free flow...
Introduction In developing countries like Namibia, power supply is a key issue. Namibia’s local electrical supply has failed to keep pace with its expanding energy demands since it only generates less than half of the energy it consumes, according to ITA (2020). The current peak energy demand exceeds 600 MW,...
Advancements in digital technologies and data collection allow marketers to implement individualized targeting (IT), which presupposes that current or prospective consumers receive personalized advertisements based on their preferences. IT is beneficial: marketers identify target audiences while customers receive relevant recommendations. Nonetheless, the application of this strategy involves personal data use,...
Introduction Performance management is one of the key components of the modern internal business organizational model. As highlighted by Belcourt et al. (2019), employees’ qualifications, professional skills, and commitment to the task are crucial components for long-term success. As these elements play a considerable role, the performance and requirements are...
The United States’ authoritative bodies are essential for establishing financial accounting and reporting standards that both private and public organizations will have to follow in order to operate successfully in their relative markets and spheres of operations. For example, the Financial Accounting Standards Board (FASB) sets standards through an inclusive...
The Implications of Integration in the Light of Brexit and the COVID-19 The United Kingdom, which constitutes Wales, North Ireland, and England, has one of the major economies in the world. In 2019, the GDP of the UK was 2.83 trillion dollars. Due to the diversification of the economy, living...
Description of the Crisis I work at a national bank as a CEO, where a recent crisis has attracted nationwide coverage due to its massive effect on the economy. The bank is the largest one in the country and has clients in the entire nation, including its biggest customer, the...
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...
Oligopoly is a market structure in which a relatively small number of companies or organizations serve a large number of consumers. Along with monopoly, oligopoly as a structure exists in imperfect competition. Because the number of firms in oligopoly is usually extremely small, the profit of each participating company does...
There are numerous issues that banks across the world have to address in the 21st century. Nevertheless, bank groups that have already developed the most efficient business models and managed to expand their operations globally are in a comfortable position. The remarkable economic performance of various sectors of the economy...
Introduction The economic theory of investing pays much attention to the phenomenon of financial bubbles. In a general sense, bubbles are understood as an unreasonably sharp increase in the price of assets on the stock market, followed by a sharp decline when the bubble “bursts.”This is reflected in the terminological...
Introduction Nowadays, there are many laws and regulations regarding the banking system, lending, and the financial structure of the United States. They include reforms to improve the country’s credit climate and increase investment opportunities. One of these laws was CRA (Community Reinvestment Act), adopted in 1977. To evaluate its effectiveness,...
In the video “What you need to know to play The Fiscal Ship game,” Sheiner (2016) explains the mechanisms that regulate the allocation of financial resources. Simply stated, the speaker describes how the government spends money and what trends will be apparent in this sphere in the near future. Among...
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...
The economy studies the process of production and consumption of goods and services and the ways they help fulfill the needs of society. The economy, in general, helps people get a clear idea of the way market relations are established and developed. Understanding the guiding principles and strategies the economy...
Current Issue: US Trade Deficit Recently, such news outlets as Reuters, CNBC, and Market Watch have reported that the US trade deficit has reached its highest record. According to Mutikani (2021), in August 2021, the US trade deficit rose to $73.3 billion, although economists predicted that it would amount to...
A landline usually transmits data through a metallic wire or optic fiber telephone line instead of a mobile cellular network, which transmits data using radio waves. Landlines are usually fixed at some points where people operate them from. For instance, they can be fixed in homes, streets, jails, and big...
Islamic banking implies a way of banking functioning that is characterized by consistency and does not contradict Muslim principles in relation to monetary settlement operations. The main rule of the Islamic religion is the rejection of future transactions and the prohibition of charging a loan interest by a banking institution....
A capital market is a place that has complex financial schemes for the exchange of material values expressed in monetary terms. Financial transactions aim to optimize the use of money and what it expresses – material values. Remarkably, the decision to invest is, in a sense, a choice between consumption...
Introduction Profitability Ratios Return on capital employed = 2020 2019 Operating profit 7,485 10,105 Divide byCapital employed: Share capital 26,035 24,330 Plus Reserves 8,480 6,375 Plus Non-current liab. 4,575 1,250 39,090 31,955 Equals (0.1915 0.3162) x 100% ROCE = 19.15% 31.62% The 2020 ROCE is less than that of 2019....
Introduction The doctrine of pure financial loss is a significant development in the American and European tort laws. At the same time, the development has been confusing with controversies over the definition and restricting principles governing pure economic loss in different states. The pure economic loss has been a fascinating...
Introduction It is important to note that gambling and casinos are mostly perceived as negative activities as well as organizations, respectively. However, despite the socially held disapproval, responsible gambling and properly regulated casinos can be not only an enjoyable recreational activity but also a major promoter of tourism and economic...
Summary Research Background The recent focus on the use of the available resources in order to produce NPK fertilizers has opened the door for Nigeria o enjoy multiple opportunities for attracting investors from overseas, thus, allowing the state to support and maintain its economic growth. Due to its recent foray...
Introduction The consumption of goods is a complex process that includes many variables influencing it. The customer’s decision towards one or another product differs depending on his or her level of wealth, the increase or decrease of the inflation, and the level of interest rates. All of the mentioned factors...
The Economy of the United Arab Emirate The United Arab Emirates is amongst one of the most successful countries in the Gulf and the Middle East. It is made up of seven emirates. It lies within the Arabian Desert and covers an area of 83650 Km2 with a population of...
The Federal Reserve (FR) has three main tools to control the money supply in the economy: the discount rate, open market operations, and reserve requirements. “The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is...
Financial literacy is an essential skill necessary for people to manage their income and achieve goals. Financial literacy can be defined as knowledge about financial planning and management that allows making reasonable choices about money spending and saving (Hamid & Loke, 2021). Indeed, proper cash management leads to lower debt...
Despite the general rapid development of humanity over the past decades, a large number of global problems have arisen: climate change, natural disasters, political and social instability, and wars. All these conditions have led to the need to create a completely new type of behavior directed at more efficient and...
Recent systemic transformations due to globalization, trade and investment growth, and nations’ growing interest in economic internationalization to remain or become more competitive led scholars to evaluate the potential political risks of the internationalization process. There are three main sources of political risk in the internalization of the national economy....
Introduction Retail sector remains of the drivers of modern economy because of its scape, scope, and vital status for the life of society. According to the Statistic Research Department (2021), the amount of global retail sales has reached the level $25 trillion with $19.2 trillion in physical turnover and nearly...
Introduction Organizational managers and policymakers use the budget for accountability and decision-making purposes. Budgeting is a process that involves the allocation of resources to the objectives of a given entity or a strategic plan (Brusca & Labrador, 2016). The allocation of resources to a policy can influence various aspects of...
Case History and Background Before the start of discussions with the World Trade Organization, China’s banking industry functioned as a wheel in a centrally located economy. During China’s post-Mao industrialization, the financial sector served social functions rather than the expected economic functions. The majority of China’s successful companies resulted from...
Balance of Payments: Analyses and Implications In the first quarter of 2021-2022, India’s current account balance experienced a surplus in the balance of payment. The increment was 6.5 US billion dollars, representing 0.9% of the country’s Gross Domestic Product (GDP) (“Reserve Bank of India”, 2021). In the fourth quarter of...
The essay demonstrates the most crucial digital opportunities and threats for a commercial bank. In addition, the strategies to reduce the number of abandoned baskets are discussed. Notably, nowadays, digital currency is one of the most influential trends in the financial industry. Xu and Tang (2020) claim that central banks...
Introduction and Identification of Key Economic Issues and Concepts Consumer behavior is a multidimensional phenomenon that proficiently influences business competence and productivity within a marketplace. In the research by Gokhale et al. (2021), the researchers focus on assessing significant factors that influence the purchasing decision among the clientele of luxurious...
“Taxation without representation” is when a whole population is taxed but has no say in spending money or implementing policies. The colonists of the United States said to their British overlords that “taxation without representation is tyranny.” Because of the adoption of the English Bill of Rights in 1689, it...
Calculating the Risk and Interconnection with Market Investment Risk: The Reason for Comparison between the Company and the Index Despite the considerable number of shares’ valuation methods, the comparative approach is one of the most widespread. Many analysts consider the parallel share and index analysis as an effective one since...
Funding Opportunities Priority Funding Option Debt or Equity Type Maximum Available $ Amount Interest Rate Company Share Terms Documents to prepare Contact Information Notes 1 Personal savings Debt $6000 0% I retain 100% I Will repay myself in 18-20 months No 2 Borrowing from relatives/friends Debt Parents $15,000 – $20,000...
Globalization and Its change Globalization is an organic element of modern economic growth, one of its most important characteristics. However, this does not mean that its shape and pace are unchanged: there are periods of its sharp acceleration, as well as deceleration. Over the past two years, globalization has slowed...
In building a budget of any scale, it is necessary to consider many details. The most standard budget requirement is the excess of revenues over expenditures, which ensures the continued functioning of the organization. However, in some cases, this rule may be violated. The purpose of this essay is to...
Banks are the leading financial intermediary in the economy because they accept deposits by attracting depositors’ money, i.e., accumulating temporarily free funds. Moreover, banks provide money at a certain percentage to various economic firms, households, etc., i.e., they issue loans. The activity of banks is the channel through which changes...
The most important concept I have learned in the course is the PV, FV, and Payback Period. It is the first on the list because it is related to long-term risk-taking since the notions themselves help assess the possible financial benefits in the future. According to researchers, financial forecasting is...
Japan is the first of the “Asian tigers” and an excellent example of quality industrial policy, which prevented the country from falling into an irreversible recession in the crisis years. The story of the economic miracle began 70 years ago. Japan, whose path China is trying to follow today, is...
The need to sustain production and growth is one of the central concerns in running a business. Therefore, inspecting the phenomena and notions associated with production and growth is vital. In her recent article, Harriet Torry explained that, despite the pandemic, the U.S. manufacturing industry has been thriving, showing an...
The auction represents a valuable aspect of the existence of the modern economy. Furthermore, an auction is a type of market trading in which the seller, in order to maximize profit, uses direct competition from several buyers present at the auction. It is worth noting that it is the seller...
Allocating sufficient financing for healthcare institutions and policies is a difficult task, especially for a developing country. Currently, Nigeria’s governmental structure undergoes many critical changes to ensure its prospects. Its health sector is largely under-resourced, which has a detrimental effect on the overall productivity and economic development of the country...
Introduction Mercosur is an integration association of four States (Argentina, Brazil, Paraguay and Uruguay) with a population of more than 260 million people interested both in the inflow of investments and in gaining access to high-tech products (Almeida, 2018). It is the leading trading bloc of South America. Known as...
The opioid epidemic has been a problem in the United States for years, and the situation in some states is only getting worse. In particular, Virginia has seen a steady increase in the number of opioid overdose cases and deaths associated with it (Virginia Department of Health, 2021b). The situation...
Introduction Administrative systems must control taxation strategies and processes to ensure effective taxation that matches the administration’s objectives to promote a secure and attractive investment environment. Under President Obama’s administration, there were substantial changes in taxation and income wages to promote fair tax for all Americans. The former president fought...
Introduction The term “recession” refers to a period in which the economy declines, unemployment rises, the stock market falls, and the housing market suffers. Whenever there is a recession, everyone from the Federal Reserve to the president to the federal government gets blamed. Several variables might lead to recessions, including...
Executive Summary The article “Jobs boom wipes out Covid losses” examines the positive dynamics in the labor market recovery. The key takeaway is the reduction in the unemployment rate from 6.3% to 5.8%, with an expectation to lower it to the level below 5%. The other positive tendency discussed is...
One of the key processes in the development of the world economy on the verge of the XX-XXI centuries is the progressive globalization. It is, indeed, a qualitatively new stage in the development of the internationalization of economic life. The attitude of both specialists and people to globalization is very...
Returns on equity (ROE) represent a relation where income has to be divided by the stakeholders’ equity (average). It means that investors are most likely to gain more insight into stakeholder power and make their decisions based on that particular factor. Another way to represent the relationship between investors and...
Introduction World history has seen devastating global pandemics, which have drastically changed the situation in the economy. In this regard, it might be interesting to compare the impact caused by the current COVID-19 with the consequences of the earlier pandemics. Mankiw (2020) mentions the case of the Black Death, the...
The notion of market stands for a complex interrelation between various systems, procedures, infrastructures, and social phenomena that contribute to the systematization of goods and services exchanged in certain conditions. The exchange within a market may rely either on the exchange of goods and services by barter, i.e., in return...
A business is affected by various regulations that determine its success. These regulations are meant to guide and control the running of a business. If a business does not adhere to policies, then it may end up collapsing. Most entrepreneurs that do not meet guidelines required by the government end...
Introduction Lebanon is known to be facing a financial crisis that continues to worsen. Unemployment, as well as poverty rates, have rocketed, and the currency has devalued substantially, which threatens political stability not solely in the country, but in the entire region. Considering this, it is critical for the Lebanese...
Introduction Every consumer’s target is maximizing the utility from a product that translates to the betterment of their welfare. However, they may fail to achieve total satisfaction due to some challenges. The consumer welfare maximization problem is where they cannot reach the level of satisfaction they want. It arises due...
Introduction The realities of today’s economic conditions are based on meeting the constantly changing needs of customers, increasing labor productivity, and maintaining a leading position in the market. A commercial organization is a social system that develops according to business principles, but production capacities and a management system act as...
The emergence of the global economy corresponds to the aftermath of World War I, and the battle of governments and markets for control over the field brought unexpected results. The establishment of strong ties among the nations and the expansion of trade and migration contributed to the revival of globalization...
The first article is American dream collapsing done by Jim Tankersley in 2016. The author is writing about the decline in several children earning more than their parents. In 1940, 92% of children earned more than their parents compared to 46% in 1980 (Tankersley, para 2). The biggest conversation is...
Financial ratios allow a business to assess many aspects of the performance, being an integral part of financial statements analysis. The ratio compares companies, industries, different periods of activity of the same company, and the results of the organization with the average industry ones. In financial statement analysis, the following...
The involvement of big business in fair trade has both advantages and disadvantages. On the one hand, fair trade promotes the production of certified goods, fosters stable long-term trading partnerships between suppliers and retailers, contributes to the development of online shopping and global marketing, and minimizes the involvement of intermediaries....
The purpose of the capital market is the efficient reallocation of funds between investors and borrowers. Individuals and firms may have excess capacity to invest in production but do not have sufficient funds to use them all for their purposes (Renshaw, 1984). If the capital market exists, they can borrow...
Profit is usually perceived as earnings and measured by subtracting costs from revenues. However, there are different types of costs: explicit and implicit. Explicit costs can be directly measured and expressed in monetary terms, for example, wages, rent, and utility costs (Orsag & Džidić, 2018). Implicit costs refer to the...
Perhaps one of the most picturesque countries on earth thanks to its mountainous landscape and the midnight sun in Norway, which is, in addition, an attractive destination for business ventures. Norway’s relatively small population does not impede the country’s purchasing power equals to the world’s largest economies due to its...
