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Economic Concepts Essay Examples and Topics

Scarcity as a Current Economic Issue

The phenomenon of scarcity may lead to the creation of the bandwagon effect because of peoples; willingness to follow the standards set within their society and, therefore, make the choices that are similar to those [...]

Unemployment Reduction Strategy for Chesapeake, VA

A comprehensive unemployment reduction strategy implemented within Chesapeake, VA, would drive the current unemployment rate of 4. The unemployment rate exacerbates local economic concerns in terms of healthcare costs, household income, and living standards.

Emiratisation: Concept, Process and Effects

Therefore, the research question can be put in the following manner: What are the factors that defined the engagement of the staff as the primary reason for the failure of the Emiratization for the private [...]

Sustainable Organizations and Human Factor

The research results show that the human factor does affect the sustainability of an enterprise in a rather negative way, leading to the threat of developing such problems as inequality, poor job design and the [...]

Economic Indicators and Healthy Economy

The economy as we know it today hinges on consumer spending; the more consumers spend within a given business year, the healthier the economy is since this improves the amount of monetary liquidity that is [...]

Price Discrimination Concept in Economics

Price discrimination is the resultant price of selling same commodities at different prices to different people by the same trader; the trader basis his prices of perception, quantity sold, location, buyer's social status and social [...]

Inflation Tradeoffs and the Phillips Curve

In the findings, Lucas concluded that the there is a direct relationship and variance in the tradeoff between full employment and inflation rate at a particular level of input in the countries studied.

Speculative Growth: Hints from the U.S. Economy

Thus, one of the main strengths of Caballero, Farhi, and Hammour's investigation is in the fact that the researchers propose the discussion of the episodes of speculative growth in the economy of the United States [...]

The Key Concepts in Economics

The essay elaborates four key points namely market economy, regulations and laws on economy, economic decisions, and pricing of goods with respect to the market structure of the USA.

The Concept of Minimum Wage

Moreover, the rise of the minimum wage boosts the economy of the whole country and increases the quality of life. So, if the minimum wage is 10% higher, and that causes the reduction of poverty [...]

Green Economy and Sustainability

In regard to the above-mentioned definitions, the issues raised in the interview conducted with a representative of the concerned party, i.e, an "instructor at UCRI", as the respondent called herself, sheds some light on the [...]

Innovative Government’s Role in Economics

Innovative governments are sustainable because they are efficient, and they help the citizens to come together for the common welfare. Therefore, governments should equip younger generations in all sectors of the economy with skills to [...]

Return to Gold Standard

The supporters of this policy argue that the value of gold is recognized in various countries. Nevertheless, the critics of this approach point out that the value of gold also fluctuated in the course of [...]

Attractive and Unattractive Industries

While having the potential for higher profit attractive industries have a far greater degree of market competition resulting in the erosion of a firm's economic performance as compared to companies that exist in unattractive industries [...]

Efficient Market Hypothesis

Essentially, this EMH level insists that the prices of the present securities directly reflect the degree of information alongside the historical prices.

Economic Theory: Exploring the Marginal Concept

Relevance of Marginal Concept to the Destruction of the Rain Forest Certainly, deforestation has a negative impact on the earth ecosystem due to the decrease in oxygen production, which is essential for sustaining normal existence [...]

Behaviour in Economics

In his exploration of the organization of complexity, Herbert Simon brings out the understanding of economic rationality in, "The sciences of the artificial".

Price-Cap as Monopoly Rogulation Mechanism

From this analysis, two elements are recognized: the first one is the rate of inflation, which is utilized in the price cap index signifying the general price increase rate in the market; the second one [...]

Long Term Investment Decisions

Another policy, which the government may have in the regulation of a market economy is the regulation of the amount of tax levied on products and services.

Economic concepts: Cost and Curve

The higher the difference between total revenue and total costs, the higher the amount of profits. Production possibility curves come in handy in enabling business people to know the quantity of inputs that can be [...]


The difference between corporatism and capitalism is based on economic circulation and role of organizations in a given state. Corporatism is threatened by emergence of economic and political instability in some states.


First of all, she was unhappy about the way, the legal system was in her area, and wanted to make a change.

Shock Doctrine

In a synopsis Klein tells us that upheavals and disasters are a perfect recipe to the implementation of corporate friendly policies and business ventures.

Capital and collusion

He asserted that the gap between risk and uncertainty in these countries is what leads to their perpetual state of underdevelopment.


Social capital theory approach to outsourcing Outsourcing relationship, can give forth to realization of social capital in the form of the actual and potential resources.

Vertical and Horizontal Integration

The attractiveness that a firm has in the industry in which it is operating is a primary factor in the determination of the profitability that the firm will enjoy.

Disruptions Effect on Productivity

The advantage of this method is that while it drastically reduces labor costs it enables the company to maintain its current workforce so that once the shut down ends it can return to full operational [...]

The future of the global business environment

Ferguson in the first episode Dreams of Avarice of the video series The Ascent of Money reveals that the historical events that have taken place in relation to money are of relevance to understanding the [...]

Executive Country Briefing

The contracts specify the rights and obligations of the employers and the employees. The branches of the government include the "judiciary, the executive, the legislative and the political parties".

Natural System Sustainability

The theory of systems thinking sustainability employs the analogy of functionality of a human body by arguing that sustainability of the lifeblood of the body cannot be successful in isolation.

Concept of Liberalism Ideology in Modern Society

For instance, the advertisements made on television, print media, and the social media do not represent the views of the consumer, but instead they aspire to convene the interests of the capitalists, including the most [...]

Economic Worth Of The Tourism Industry

The economic worth of the tourism industry is significantly to economic growth and development of many nations in the world. The kind of employment created in the tourism industry depends on the nature of tourism.

Ethonomics Concept

Hence, similar to what CSR fosters, ethonomics takes into consideration the economic linkages and the size of the community. This is because they think that they are astute companies that are meant to adhere to [...]

Economic Recession and Strategic Planning

The recession affected the performance of economy negatively leading to reduction in GDP and unemployment. A business has a duty to the society and therefore, with the economic recession, they need to be ethical in [...]

Free Market Economy

From classical scholars such as Thomas Ricardo and Adam Smith to recent scholars such as Karl Marx, the idea of demand and supply is believed to influence the prices of goods and services in the [...]

Requirements of Neo-liberalism

In order to ensure that the economy realizes relevant development, governments need to ensure that the interest rates in the country are determined by the market.

Community Economic Development

It is therefore crucial that interested organizations assist people in identifying the means of survival for the local persons. In a case where people have been affected by a calamity such as hurricane, the best [...]

How innovation leads to economic development

Every government has the sole objective of improving the level of economic development and improving the livelihood d of its citizens. In addition, innovation has led to the improvement of the standards of living.

Concepts of International Business

The theory capitalizes on the fact that people are important factors of production and therefore the success of the business depends on this production factors.

Protestant Reformation and economy

This is because the traditional religion and the early church were against the activities which would have led to the development of capitalism in the society.

Labor in capitalism system

The revenues from the entities are mainly for the owners and little is used to pay wages to workers."In this system therefore production is done by the employees who use their employer, producing commodities which [...]

“New Capitalism” by Peston

From that background, he then goes a mile further and circumspectly analyzes the current form of capitalism which he calls "New Capitalism" and explicates its diverse effects including: the progressively widening gap between the "haves" [...]

Critical thinking

Taking into account that the search and satisfaction of customers needs are the fundaments in the profitability and overall effectiveness of the business, the efforts should be made by the firm to find the market [...]

Capitalism Concept Evolution

Engels and Marx were the proponents of the capitalistic system whereby they described capitalist as a production mode that is characterized by private ownership of production means.generally, the capitalist economics was as a result of [...]

Supply and Demand

Thus, the increase of income, limited supply of milk, external economic changes and social economic changes are some of the factors that change the demand of milk.