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Economic Systems & Principles Essay Examples and Topics

Shoe Manufacturing in America

This essay presents an analysis of an article about the military shoes and local manufacturers and the economic effects of promoting local shoe manufacturing industries to supply the products.

Sustainable Economic Development

Sustainable economic development entails the ability of the present human beings to meet their needs with the available resources without trashing the ability of the future generations from doing the same.

Economic Development: GDP and Quality of Life

The quality of life measures economic development after accessing the internal components of the economy. Nevertheless, GDP as a measure of economic development in a country fails to distinguish economic transactions contributing to the well [...]

The UAE Private Sector Development

According to the existing data, it can be assumed that by improving the skills of the native UAE residents, upgrading the standards of the private entrepreneurship and passing the reform that can fuel a change [...]

Shared Value Capitalism by Porter and Kramer

Though the authors could have been more precise, the article can be regarded as effective as it provides a brief account of the concept of shared value. In conclusion, it is possible to note that [...]

The Trickle-Down Economics Definition and Aspects

In economics and politics, the term trickle-down economics or Reaganomics is the pejorative term for the theory that taxing the wealthiest individuals in society less will in allow those individuals to invest more of their [...]

The Economy, Monetary Policy and Monopolies

The interest rate denotes the cost of credit services; the employment rate is an indicator of the percentage of the population that is employed while the inflationary rate is an indicator of the ratio of [...]

The US Unemployment Benefits Evaluation

The timeliness of these statistics is essential for the gauging of the labor market health and in extension, the performance in of the economy in general. The analysis of the data provides for the selection [...]

Succession Management and Career Planning

Notwithstanding, the diversification of the workforce in a business may ensure flexibility in the definition of the interdependent components that translate to the realization of an elastic business operation.

The Peak Oil Issues

Peak oil is a situation where the extraction of oil from the existing oil reserves is at maximum, and from this point onwards, the production of oil dwindles.

UAE’s Main Economic Challenges

The paper evaluates UAE's main economic challenges, domestic issues, and its relations with the rest of the world. For example, the UAE is the largest consumer of U.

Measuring Economic Performance

The second one is resource cost-income approach, which includes the sum of all the payments to suppliers of resources and other inputs used in producing goods and services during the year under the review.

John Locke’s and Karl Marx’s Economic Ideas

In his article Some Considerations of the Consequences of the Lowering of Interest and the Raising of Value of Money, John Locke outlines the main theoretical provisions of what later became known as the amonetary' [...]

Economic Systems and Market Structures

Most of the forces emanating from the external business environment are beyond the control of business managers. Socialism - In this type of economic system refers to a system whereby the process of allocating resources [...]

Ricardo’s Labor Theory of Value

Also, the theory shifts away from evaluating the value of labor in terms of the wages paid to workers and labor-time involved in production to the determination of the quantity of labor input in the [...]

Efficient Markets and Taxation in the USA

The management should be aware of the issues so that the right approaches can be used to facilitate a culture of excellent performance. They are organized markets that rely on information that is used to [...]

Unemployment Issue in the United States

Though a shrinkage in the number of vacancies and the rapid increase in the number of part-time jobs have had their toll on the unemployment rates, the lack of vacancies still remains the key cause [...]

World Bank Group and International Monetary Fund

Therefore, one of the variables of the present research will be time as it is essential to trace the development of the countries throughout the 2000s and 2010s to identify major factors affecting this growth.

“Basic Economics” by Thomas Sowell

In this section, the main point is that the government has a lot of influence on the national economy, and sometimes, market failure can be attributed to government failures.

Changes of Import Indexes

The indexes measure the changes in aggregate prices that have occurred relative to the base year. It goes against the expected trend where the depreciation of the USD is supposed to cause an increase in [...]

International Business: Past, Present and Future

The availability of the internet is probably the single most important innovation of the 20th century that has increased the speed of communication and availability of information fundamental to conducting business.

France and the Textile Industry

Over the years, the industry has played a major role in the growth of the French economy. In comparison to the largest economy in Europe, Germany recorded a GDP growth of -5.

The Housing Boom and Subsequent Bust

One of the factors that greatly influence price levels in the housing market is the prevailing rates of interest. It is well known that an increase in the rate of interest bears immeasurable weight on [...]

“Strategy & Society” by Porter and Kramer

It is important to focus on the interdependence of societies and companies because the effective strategy or framework related to corporate social responsibility can improve the organization's competitiveness.

“The World Is Flat” by Thomas L. Friedman

The concept of market competitiveness occasioned by globalization has its roots well entrenched in the historical era of the industrial revolution when the demand for market and increasing focus on the quality of products became [...]

Shrimp Trade’ Industry

The Vietnamese trade ministry official asserted in the summary that the US could not deliberate over the shrimp trade row and that his government could not help shrimp farmers to renew trade links with the [...]

The United States National Debt

The current United States' "national debt is the sum of the arrears held by the US government, and it stands at $328 billion, which has shattered the record of $238 billion set in the past [...]

Florida’s Concept of Three Ts

There are other examples in which the lack of such a component as talent has blocked the way for the state to introduce the phenomenon of a Creative Class into its economic structure.

Full Employment in Economics

A number of factors in the economy can cause the stock market to crash. The model equates total income in the economy to a sum of expenditure in the economy.

Efficiency Wages Concept

Employers are said to pay efficiency wages to increase the cost of job loss and increase the effort and intensity of work.

Marx’s Concept of Primitive Accumulation

Therefore, Marx confirms the relationship between political economy and the primitive accumulation of capital. Moreover, Marx explains in respect to the relationships or similarities existing between the primitive accumulation of capital and political economy.

Countertrade in the International Business

It is important to note that countertrade usually takes place in the world daily, and it is part and parcel of the international business. Subsequently, this has led to a decrease in the number of [...]

Expatriate Salespeople

Expatriate salespeople are the company's direct tie to the customer since through them the company is able to transfer its technology to the customers.

Labor Productivity in Marxist Analysis

According to Marx, the absolute surplus-value of labor is achieved by lengthening the working hours of the workers while the relative surplus-value is a product of proper utilization of available time to boost productivity.

Private and Public Finance Initiative

Since the introduction of the PFI into the British governance system and in some countries in the Middle East and North Africa, several changes have occurred in the provision of public services and in the [...]

Marxism Perspective in Production

According to Marx, economic systems deal with the development of strategies and policies that govern the behavior and employment of the means of production.

Poverty as the Deprivation of Capabilities

Nussbaum supports Sen's argument that efforts in poverty eradication should be focused on capability deprivation, which is the taking away of the abilities bestowed on someone, rather than raising the income of the poor.

China Communist Party & Economics

Introduction China is considered to have been one of the largest and most advanced economies in the world during the nineteenth century. The country’s economy stagnated since the 16th century (Liao 191). In totality, China’s economy deteriorated between the nineteenth and twentieth centuries. However, there was a brief recovery during 1930s. Economic reforms that ushered […]

“The Wealth of Nations” by Adam Smith

Since the amount of water is much more significant than that of diamonds, marginal utility of the latter is high. It is possible to assume that the water price will be significantly higher if the [...]

The UAE Employment Paradox

Since the impact of the private sector on the state economy is as significant as the one made by governmental organizations, the means to restore the balance between the two in the UAE must be [...]

ligopoly in Daily Life

In this type of market structure, "the market is comprised of a large number of small market players offering identical products". Moreover, the market is characterized by the existence of perfect knowledge of the products' [...]

“Looking for Hire Ground”

However, in contrast to what the authors have asserted, shortage of labour in Western Canada will be less serious in occupations that do not require highly qualified people.

Globalization Forces on the Asian Economies

The advancement in information technology in China, Japan, South Korea, Thailand, Malaysia, and Australia have contributed to emergence of the Asian economic giants, which trade with major European nations in global stock markets.

MF and the East Asian Crisis

The writer asserts that the simplistic solution that the IMF proposed was due to the ignorance on the economic issues in the region.

Economic Systems Resources

The purpose of economics is to be able to cope with limited resources, and make the output satisfy the people's needs.

World Cup 2014 – Brazil Economics

If everything is done right, the popularity of the event, tourists and fans, all the media and sponsors will create massive interest in the tournament and this is how the host country gets to receive [...]

Free Trade Impacts on Korea

According to the author, not only the speed of free trade liberalization in Korea and developing countries, but also the scale, which the process has taken, affects the Korean business society.

Balancing the Budget for US

There are a number of measures that the federal government can put in place in order to lower the deficit. One of the key areas of the federal government expenditure is social security.

Economy Effects on Business

Recession is the pronounced and persistent decline in the key elements that measure the level of aggregate economy. On the other hand, expansion means pervasive and persistent increase in the core elements that asses the [...]

Unemployment in Saudi Arabia

Much effort has been in place to from the government of Saudi Arabia in order to address the question of unemployment despite the fact that the nation is full of vast deposits of crude oil.

Effects of Increasing Interest Rates in Africa

The significance of this study is to bring out the effects of increasing interest rates in Africa. This study will cover the major banks in Africa such as Barclays, Ecobank, Standard Chattered Bank, and Bank [...]

Australia’s Economy

Australia Dollar is the currency used in the nation. There are also scientific and medical researchers in Australia and this means that the country has a huge number of educated persons.

Islamic Business

In Islamic business, currency notes and debt certificates in exchange of homogeneous currencies are not valid subjects of sale as they represent purchasing powers with respect to the different denominations they are in.

Major Reasons for Food Prices Increase

Admittedly, one of the major reasons for food prices increase is the use of corns for fuel production. The increase of fuel prices created a great temptation for farmers to produce ethanol instead of corn [...]

Economic Difficulties Faced by South Africa

This article is important because it can be related to the questions discussed in the course. Government failures, fiscal or poverty traps, and cultural differences are the main barriers to the progress in this region.

Joseph Stiglitz’s Making Globalization Work

Joseph Stiglitz's book Making Globalization Work is the representation of the author's opinion on the question of globalization in the context of the economic and political development of countries with determining globalization's main challenges and [...]

The Manufacturing of Household Items

A similar search of the origin of the Getwear products that the researcher outlined in the list above indicates that most of Getwear products do not originate from Scotland, which is the headquarter of the [...]

Why does Saudization Fail?

The causes of failure of saudization include lack of appreciation of the private sector jobs by the Saudis, low wages, abrupt introduction of the aspect, and preference of the foreign workforce by the private sector [...]

Commodities by Carl Marx

The use-value is the potential of the commodity to satisfy certain human wants, while the exchange-value is the quantity of the commodity in terms of a universal parameter.

Price Controls Efficiency

This can be viewed to be an increase in the efficiency of the market since the market is able to sustain itself and both producers and consumers can rely on the market.