Economic Concepts Essay Examples and Topics

259 samples
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Market Structures: Monopolistic Competition

According to Mankiw, a monopolistic competition market structure is characterized by the presence of numerous small firms, each being relatively small in comparison to the overall market size.
  • Pages: 2
  • Words: 754

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 [...]
  • Pages: 4
  • Words: 1271

Differences Between Economics and Business

While these undoubtedly impact business, both individual entities and as a field of study, business focuses on the process of wealth creation within the context of the economy and typically applies practical theories. Economics focuses [...]
  • Pages: 1
  • Words: 367
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OnePlus Company’s Economics

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The purpose of this research is to analyze the case on the economics of OnePlus by using managerial economics standards; as a result, the paper has investigated a number of academic concepts in order to [...]
  • Pages: 20
  • Words: 5472

Missouri Compromise: Economic Equality Among American States

These impacts include enhancing economic equality, political balance, unity of the northern and southern states of America, and controlling the spread of slavery in the country. Finally, the Missouri Compromise controlled the spread and prevalence [...]
  • Pages: 1
  • Words: 403

Censuses: Their Importance and Challenges

The population census is a component and integral part of the national statistical system of the country, the primary source of data on the population and its living conditions.
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  • Words: 294
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Impacts of a Borderless Society

In this paper, data about local and delivered from other areas will be gathered and collected to identify their impact on the environment and economy. The second shortage of purchasing local food is a lack [...]
  • Pages: 4
  • Words: 1424

Joseph Schumpeter: His Life and Work in Economic Theory

Joseph Schumpeter completed three more books while at Harvard: his didactic Business Cycles, his popular Capitalism, Socialism and Democracy - in which he famously predicted the downfall of capitalism in the hands of intellectuals - [...]
  • Pages: 2
  • Words: 939

The Cost of Production Calculation

The received result for the various levels of the output is given in column 4 of Table 1. The received result can be seen in column 6 of Table 1.
  • Pages: 4
  • Words: 1124

The Concept of Economic Justice

The idea behind procedural justice is that, for those involved in decision-making processes, the steps taken to reach conclusions are important predictors of satisfaction independent of the impact of the results.
  • Pages: 19
  • Words: 5340
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Government Intervention in the Economy

The downside of such an approach is the limited capacity for growth, which is especially apparent in developing countries, where it is constrained by the restrictive monetary policies and recession.
  • Pages: 4
  • Words: 1253

Vertical and Horizontal Integration

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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.
  • Pages: 5
  • Words: 1501

A Critique of Utilitarianism

Utilitarianism is a philosophical theory that states that the morality of an action is based on its effects; any action that increases the pleasure and happiness of the greater majority is just.
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  • Words: 503

Principle of Scarcity

The principle of choice, selecting a path of action that presents the most benefits based on the available information at the given point in time, is the core of economic operations.
  • Pages: 2
  • Words: 586
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Capitalism Characteristics and American Identity

The aim of colonization was occupation of new lands and new ways of wealth accumulation for France and Britain. The plantation was an instrument in the growth of trade and industrial development, and can be [...]
  • Pages: 3
  • Words: 850

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 [...]
  • Pages: 6
  • Words: 1701

Inflation and High-Interest Rates

When a company borrows in a country with higher interest rates, the risk of inflation and currency depreciation grows, but the debt of this company is the same.
  • Pages: 1
  • Words: 358
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“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" [...]
  • Pages: 6
  • Words: 2055

The Opportunity Cost, Time Expense, and Effort Cost

According to the law of marginal returns, which is often referred to as the law of increasing costs, as more units of a specific input are used in manufacturing, the marginal gain or output eventually [...]
  • Pages: 1
  • Words: 301
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Business and Economics: The Income Tax

Citizens started to shift their opinions about the president's strength and what the national government should do as the presidency changed during the Progressive Era. Between 1901 and 1921, Roosevelt, Taft, and Wilson served as [...]
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  • Words: 718

Economics Formative Coursework

The intention is to relieve the investor of the burdens they face in providing goods and services that benefit the general public.
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  • Words: 1434

Impact of Economies of Scale on Wages

Over time, this can create a cycle that would further reduce the wages in the countries where the company exits due to an oversupply of skilled workforce and, in the process, lowering the purchasing power [...]
  • Pages: 2
  • Words: 635
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The Issue of Economic Justice

John Rawls argued that in order to have justice there must be fairness in all levels of society. It can be achieved without resorting to socialism.
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  • Words: 638

The Limiting Competition Concept

Thus, the interest group model of regulation cannot ensure equality in development opportunities in an environment where the concept of limiting competition is promoted.
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  • Words: 283

Prices Flexibility and Government Control

Price is one of the elements of the management of market economic mechanisms and reflects the laws of economic development and conjuncture of the commodity market.
  • Pages: 1
  • Words: 310
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The US Recession Event and Fiscal Policy Analysis

The selected event is from Forbes Advisor, and it answers the concepts of fiscal policies and the fluctuation of prices. Fiscal policies can be termed as the actions taken by the US government to regulate [...]
  • Pages: 1
  • Words: 306

Accounting Systems in Neoliberal Society

The concept of neoliberalism encompasses deconstructing governmental ownership and control of businesses in various spheres of the state and society. These programs and software allowed to increase the speed and accuracy of transactions and other [...]
  • Pages: 9
  • Words: 2486

Comparing Insurance in the UK and Germany

Insurance within the framework of the first category is aimed at maintaining the well-being of citizens and, in the second - reducing financial losses in the event of risks to property.
  • Pages: 5
  • Words: 1510
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“Doughnut Economics” by Kate Raworth

The current report will discuss some of the actions that the author proposes choosing the three components from the 'social foundation', namely energy, education, and gender equality, as an example.
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  • Words: 1196

Sides of Economics as a Scientific Field

Generally, economics is viewed as a scientific field that concerns the economic relationships between people and the way of enhancing the profitability of organizations.
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  • Words: 631

The Monetary System and Its History

The concept of charging interest creates scarcity of money because people are required to pay more than is available in the economy. The story is titled as it is to signify greed inherent in the [...]
  • Pages: 1
  • Words: 296

Discussion: Merger and Acquisition

The acquisition is a full obtainment, which eliminates companies' policies and autonomy; the power goes to the company that made an acquisition. If to oppose merging to the acquisition, a merger is a more careful [...]
  • Pages: 3
  • Words: 445
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Rawls’s Conception of Economic Justice

The second one: "Social and economic inequalities are to be arranged so that they are both: reasonably expected to be to everyone's advantage, and attached to offices and positions open to all".
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  • Words: 856

The Problem of Using Permutation Entropy

To cover the issue, the authors defined the methodology of using PE and developed a framework for using PE in the Dow Jones Industrial Average time series system.
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  • Words: 323
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The Toyota Firm’s Global Complementation

The phrase 'global complementation' was coined by Toyota themselves and essentially can be summarized as a strategy that transforms old manufacturing plants to be able to shift between producing cars for local markets and manufacturing [...]
  • Pages: 1
  • Words: 288

The Aspects of Labor Economics

The Economist elaborates on the statistics of the unemployment rate and shares the amount of time it can take for the labor market to recover to its prior-pandemic state.
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  • Words: 282

Southcentral Alaska Sport Fishing

Due to the very seasonal nature of most fisheries and the lack of job reporting requirements, comparing employment in the seafood sector to other businesses is difficult.
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  • Words: 1139

Free Childcare Proposal: Labour Economics

This study is needed because if individuals can go back to work or school as long as childcare is free, then it is important that the government finds ways to provide this for the people [...]
  • Pages: 3
  • Words: 896
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Economic, Productivity Growth, and Free Trade

The article by Saleem et al.is closely connected to the topic of factors contributing to productivity growth as researchers explored the impact of innovation and total factor productivity in Pakistan's economic environment.
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  • Words: 547

Political Theories and the World Bank

Known as 'power politics' or means to exercise power World Bank massive financial institution which poorer nations depend on for subsidies Manner of soft power of the richer states contributing to the World Bank [...]
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  • Words: 272

Aspects of Engineering Economics

The purchasing power of money also changes, and it can be determined in terms of interest rates. However, in compound interest, the interest rate is charged on the initial amount and any other interest rates [...]
  • Pages: 2
  • Words: 629
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The Concept of the Time Value of Money

The concept of the time value of money refers to the financial principle noting that a fixed amount of money currently is worth more than the same amount of money in the future.
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  • Words: 279

Aspects of Supply and Demand

When the students have a more excellent taste and preference towards the ice creams, the demand increases and leads to high levels of the demand curve. The higher the number of funds in the students' [...]
  • Pages: 2
  • Words: 614
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Economics Concepts Case Study

According to the theory of economics, unemployment is calculated by dividing the number of unemployed people by the number of people who form the overall labor force. The next issue to observe is the part [...]
  • Pages: 4
  • Words: 1101

The Washington Consensus and 21st-Century Socialism

The relation between market trade and the involvement of the state from one of the primary aspects upon which such models are compared. Both policies demonstrate particular differences in the context of the balance between [...]
  • Pages: 2
  • Words: 616

Aspects of Religion Economics

For instance, the expert might opt to replace many parts that are considered essential to ensure that the vehicle goes back to the road.
  • Pages: 4
  • Words: 1045
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Expected Value and Utility in Economics

The main reason is the presence of concepts, such as utility and risk-aversion, where someone might be willing to accept a lower expected value for the reduction of the variance of outcomes.
  • Pages: 1
  • Words: 302

The Malcolm Baldrige Program

The economic evaluation of the Baldrige Performance Excellence Program reports that the ratio of benefits from the program to the U.S.economy is 820 to 1.
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  • Words: 668

Nozick on Natural Goods Overview

As such, in contrast to Rawls's view of natural abilities as collective assets that should only be used for the betterment of the whole society, Nozick believed that each person should use their abilities as [...]
  • Pages: 1
  • Words: 278
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Sustainability Concept Overview

The concept of CSR is focused on past events and distinguishes what a specific organization did to contribute to the good of the society it operates in, for instance, to make a positive change for [...]
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Financial Incentives and Job Performance in the USA

In this connection, the comprehension of truth is possible only on the basis of the coordination of scientific and cognitive activity with ideas on the uniformity of nature, the experimental origin of knowledge, while laws [...]
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  • Words: 1429

Determination of Gross Income: William’s Case

Also, it is anticipated that the value of the building will not go up because the wiring is only used in relation to the new equipment. However, the building was not constructed on the basis [...]
  • Pages: 2
  • Words: 517
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Small Business Idea for Fitness Workout Gym

The advantages and disadvantages of the four different forms of business organization, which include the following: The business is very easy to form considering that no legal requirements are required, except a business license.
  • Pages: 4
  • Words: 1276

Financial Markets: The Fractal Concept

Predicting the behavior of the volatile financial market is a challenge because there has been much chaos in the market. The traditional, quantitative methods and the fractal concept are adopted to speculate and predict the [...]
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  • Words: 563

Weather Derivatives Analysis

Therefore, it is generally assumed that the derivative will be of global nature, as the attempts to mitigate the risks associated with global warming will be of global nature either. Weather derivatives may be used [...]
  • Pages: 2
  • Words: 561
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Credit Rating and Credit Score Conceptual Review

According to FICO which is a corporation that is publicly traded and that came up with the best and widely used credit score, the credit score available to the clients is not the same as [...]
  • Pages: 3
  • Words: 784

Demand versus Supply Model in the Medicine

This model holds that in a market where the conditions of competition are thriving; price will vary to level up the amount of a given product or service, which the producers are capable and willing [...]
  • Pages: 4
  • Words: 1439

Ratios. Debt Service to Income Ratio

Liquidity ratio is the measure of the ability of the company to discharge its short-term liabilities. Financial goals are the objectives which are to be achieved by the management of an entity.
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  • Words: 855

Accounting of the Republic of Colombia

Colombia is one of the countries of the developing world that is located in the continent of South America. This led to a depreciation in the value of the Colombian Peso in the international markets, [...]
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  • Words: 1232

Australian Superannuation Fund

The issue observed in the area of the Australian superannuation has a comprehensive economic and social importance for the whole country and especially for the life of senior citizens in it: "In Australia, superannuation funds [...]
  • Pages: 8
  • Words: 1791
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Global Income Inequalities Overview

The consequence of low financial strategies is a rising impact of the rich on one side and monetary stagnation of poor people and the working class on the opposite side.
  • Pages: 5
  • Words: 1117

How Fintechs Are Innovating in Response to COVID-19 in Australia

The lockdown caused by the Covid-19 outbreak presented difficult challenges to businesses around the world. Startupbootcamp, a fintech accelerator, partners with large Australian financial and insurance companies and the world's top fintech startups with the [...]
  • Pages: 1
  • Words: 351

Demand and Supply as Basic Concepts in a Market Economy

Demand refers to consumers' willingness and ability to purchase products or services for a certain price, while supply is used to describe the amount of material and non-material goods available at the market. The concepts [...]
  • Pages: 3
  • Words: 663
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Community Profile of Horn Lake, Mississippi

The demographic characteristics of the population demonstrate that the majority of the citizens are in the age between 18 and 65, the majority of the population is constituted of female individuals.
  • Pages: 2
  • Words: 558
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The Consequences of Deregulation Policies

It became evident that after the first adoption of deregulation policies in the area of air transportation, the situation in this field improved significantly as it started to be regulated by the market mechanisms, and [...]
  • Pages: 3
  • Words: 825

Key Concepts of Economics

The second one is that the recent development of shale oil extraction technology has disrupted the ability of the conventional producers to control the supply.
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  • Words: 1126

Staffing as an Attribute of an Organization

In light of this, it is paramount to be knowledgeable of the EPRG staffing model, associated strategies, and challenges that will be discussed in the present paper.
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  • Words: 1142

Management of Public Goods

The country often wishes to maintain the image of a state that flourishes and develops, which is why it temporarily increases the amount of supplied public goods.
  • Pages: 2
  • Words: 599
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Price Control and Efficient Market

However the state decides to impose a rent ceiling of "$500 a month the rent before the flood". Price control reduces the number of units supplied to 180,000 as shown in point A, and increases [...]
  • Pages: 5
  • Words: 1281

The Use-Value of a Commodity

The use-value of a commodity is the utility of a product to the end-user. In this case, we can say the value of the product is in process and the value of the exchange is [...]
  • Pages: 3
  • Words: 1051

Negotiation: Distance Learning and Social Change

The conflict that arises, in this case, is that the Pirates are demanding ransom money from the owners of the tanker in order to release it and its crew. The essay has given a detailed [...]
  • Pages: 2
  • Words: 756
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Monopoly: The Source of Monopoly Power

The source of monopoly power is by curbing production to price its products higher, creating barriers for competitors to enter the market, and by capitalizing on key resources in the industry.
  • Pages: 3
  • Words: 845

Historical Development of Insurance

This is the paper that will be briefly discussing the history of insurance along with the needs of insurance that has been realized in the past.
  • Pages: 2
  • Words: 730
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