2713 samples of this type
Introduction With the onset of the COVID-19 pandemic, there have been concerns that the South Pacific could become one of the most vulnerable regions for the spread of the coronavirus. Many of the island nations of Oceania have “fragile” health systems, which are reflected in the lack of equipment, infrastructure...
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,...
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...
Introduction Change in the competitive domains of several firms, technological advances, improved cross-border labor, and Foreign direct investments are the leading forces that are responsible for the contemporary internationalization of various enterprises. Mainland China has got a substantial number of multinational corporations that are rapidly growing. Some examples of the...
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...
Introduction At its core, economics deals with people’s decisions to sustain the scarce amenities available to them. Microeconomics is the subdivision of economics that relates to the choices made at a personal point. The choices made may include clients and companies that a person makes after analyzing resources, costs, and...
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...
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...
The wage system in the restaurant industry differs from the rest of the business segments. Black (2021) writes that waiters in cafés and restaurants have a particular type of minimum wage for tipped employees, which is significantly lower than the standard federal minimum wage. As a result, waiters rely on...
Introduction The idea of expanding into the global environment and capturing an increasingly large audience is typically represented not only as a desirable goal for developing companies but also as a natural stage of corporate growth. As a rule, cross-border mergers and acquisitions (CBM/As) are regarded as essential tools in...
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...
Childhood obesity is a complex issue that requires consideration from the perspective of several areas, including economics. Looking at the problem of childhood obesity from an economic point of view offers an understanding of a wider range of causes and consequences and the definition of government intervention in solving this...
GDP, or gross domestic product, is an economically and socially significant value. It is the monetary estimation of all goods and services produced in a specific territory. The overall GDP over a year, along with its general growth, is used to estimate the well-being of an economy. The value is...
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: Gross Domestic Product (GDP) and Growth The decade between 2010 and 2019 was phenomenal for the United States economy because it was the first decade the country did not record a recession since 1850. The United States experienced a stabilized economy and an upward growth between 2010 and 2019,...
Introduction 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 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...
Introduction Africa has been struggling for years with attempts to increase the country’s economic growth and make it more progressive. Although the government eventually succeeded in some areas there is still a lot to achieve compared to the developed European countries. The main three reasons for slow growth are economic...
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...
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...
For this work, it is assumed that shares were bought from two companies: McDonald’s and Coca-Cola, on February 23, 2022. The current count is taken from the available date of June 1, which is 98 days between dates. The total and annual percentage returns are shown in Table 2, which...
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...
In the introduction, the video introduces the history of paper money, talking about gold and tobacco. Then, it moves to discuss inflation in the United States. Between 1972 and 1978, wages grew, but the increase in income tax lowered the buying power of people – this is called “taxation without...
One of the main features of the development of the world community in recent decades has been globalization as part of the profound integration processes that are changing the world structure. Since globalization has become a real agenda for the geopolitical arena, critical transformations have taken place in the world....
Investment decisions should be made after a thorough analysis of the company’s previous and current financial experiences to be successful and have a high chance of generating profits. Therefore, as a potential investor, I would avoid investing in the company I have investigated for only one term, even if this...
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...
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 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 The political stability of any country depends on numerous factors and is vital for its further evolution. First of all, the economic factors are critical determinants of how the nation evolves and the health of the whole system. At the same time, the level of citizens’ trust in their...
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...
Burgess and Larsen (1995) conducted an investigative study to find possible ways to reduce financial risks using the market merger. In pursuit of these, they purposed to utilize the active depository institutions between 1980 and 1970. Their focus was mainly on depository institutions like Bank Holding Companies (BHCs) and Loans...
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...
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,...
One of the biggest challenges in conducting people analytics research of the Qatar National Bank is working with unstructured data. With the growing number of operations, unsorted data is one of the main types of data that analysts work with. The majority of information is unstructured because it cannot be...
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,...
Introduction Capitalism represents the dominant economic concept in modern reality, based on private property, the competence of actors, and the principle of supply and demand. The role of the state in the capitalist economy is reduced to protecting the rights of citizens and creating a safe and comfortable environment in...
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...
The United States Constitution is the supreme law through which Americans abide, and apart from affording rights to citizens, it provides rights to businesses. The constitution also provides a framework for the federal government’s role, and one of the powers is the regulation of interstate commerce. Article 1, section 8...
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...
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...
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...
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...
Gig Economy is a free-market system that employs independent workers for a short-term commitment. Due to the advancement of technology, it has become possible. The Gig Economy participants happen to treat the gig as their primary source of income. It is very significant in organizations and industries. Gig Economy has...
Economic theory does not identify all the factors that directly or indirectly affect supply and demand. One of the main reasons for this is the assumption that economics tends to model the choices of individuals rather than represent reality, which is too complex for a theoretical representation. Consequently, it is...
Introduction The last ten years were marked by significant world economy changes that affect all spheres of life. Such indicators as the real GDP, its annual growth, the real GDP per capita, the inflation rate, and the unemployment rate objectively reflect the economic performance of the countries. The United Kingdom...
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...
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...
Introduction While ‘some’ time has passed since 1962, Milton Friedman’s essay titled “Capitalism and Freedom” remains relevant to this day. According to the philosopher, who ascribed himself to the conservatives, the capitalist system was inherently more effective for facilitating democracy in society because it dispersed resources between individuals. He openly...
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,...
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...
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...
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,...
Introduction Ulta Beauty is a successful American cosmetics company that has balanced the externally attractive and attention-grabbing displays with ongoing revenue sources and employees’ best interests. The company successfully identified the priorities of American women purchasing cosmetics despite its lack of outlets in major shopping malls. Ulta has entered several...
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...
