Home > Free Essays > Economics > Economic Systems & Principles

Economic Systems & Principles Essay Examples and Topics

“Principles of Economics” by Alfred Marshall

According to Marshall, "when demand and supply are in equilibrium, the amount of....may be called the equilibrium-amount, and the price at which it is being sold may be called the equilibrium-price".

Microeconomics and Principles of Economics

There, 0 indicates the lack of desire to spend the time this way; 1 indicates that the person is ready to spend the time this way; 2 indicates that the person prefers this kind of [...]

Gender-Based Principles of Economic

Based on this, the fairer car prices for women may indicate a greater accessibility of the given population group to this type of resources, as well as their greater involvement in the economic activity within [...]

Economy of Capitalism, Communism, Fascism and Socialism

Government structure: the structure of the government in the two countries, involves federal governments that are led by the political elites in the countries. The government has the duty of formulating policies that regulate the [...]

“State Capitalism Comes of Age” by Ian Bremmer

Thus, Bremmer concentrates on the discussion of the opposition of the models realized in such countries as Russia, China, Brazil, and India with basing on the principles of state capitalism and the model of free [...]

Monetary Policy, Fiscal Policies and Labour Markets

Considering the situation from the point of view of control, it should be stated that fiscal policy is "changes in the taxing and spending of the federal government for purposes of expanding or contracting the [...]

Free-Market Economy and Its Benefits for People

For developed countries in the Northern hemisphere, the traditional economy is a thing of the past whereas, for developing countries, it is something to enhance and overcome on the way towards a free market.

“Redeeming Capitalism” by Kenneth J. Barnes

With such gaps, the central thesis of the text is that there is a need for the global society to combine aspects of morality and ethics with modern capitalism and ensure that it meets the [...]

Capitalism in Poland and Its Transitional Stage

The decades of socialism had a significant impact on the transition countries and resulted in the lack of institutions involved in the provision of the functioning of a market economy.

The Sharing Economy Concept Definition

The forces that trigger such tendency and lead to the global recognition of the sharing economy are still adapting. As a business model, the sharing economy takes different forms and is characterized by unique features.

Capitalism in Milanovic’s and Ferguson’s Views

Other economists establish that there is a need for the government to intervene to avoid the risk of monopolies. The question of wages in labor also calls for the intervention of the government to make [...]

Insider Trading, Earnings Quality and Accrual Mispricing

Secondly, it is also important to point out that one of the objectives of the test is to identify the associating between the appearance of the income-increasing accruals and the insider sales, particularly, if "income-increasing [...]

Spillover Principle and Public Goods Allocation

Economists use the term spillovers or externalities to indicate costs and benefits that influence the people external to the production and use of a product. The privatization of public goods can lead to improper allocation.

The Collinearity and Multicollinearity Concepts

The phenomenon that appears when in a multiple regression two predictor variables have a non-zero correlation is known as collinearity; at the same time, the effect when more than two variables are correlated with one [...]

Free Market Debate: Benefits and Drawbacks

The origins of this concept and phrase can be linked to Friedman, an economist, who believed in the creation of a free market that would not be controlled by the government.

Russia’s Transition to Capitalism

First, lack of a robust system of property rights was the greatest drawback to the successful implementation of the transition policies. Russia experienced the assassination of famous economists and lawyers that advocated the transition from [...]

Markets: Social or Economic Foundations?

The modern capitalism is the consequence of expansion of markets as frameworks for the production and allocation of commodities. In his work of Economy and Society, Max Weber dedicates a brief section to the concept [...]

Fordism, Its Benefits and Critique

It is, therefore, the duty of the managers to choose the theory that best fits their organization and that which contributes to organizational success. The theory was meant to increase the level of production in [...]

Moral Economy in Islamic Finance

In other words, the quest for a moral economy does not begin and end with a successful ouster of a dictator or the installation of a new form of government.

Society, Culture, Economy in “Capitalism” Mini-Series

While certain points, such as the historical, sociological, and anthropological grounds for the Smith's work are persuasive and present a solid basis for further inquiry, some of the conclusions, such as the inherent malevolence of [...]

Principles of Economics: Supply and Demand

As the title makes clear, the author of the article explores the effect on the profit of Chipotle restaurants produced by a change in the price of avocados.

Islamic Economic System and Socialism Comparison

As to the philosophy division, Karl Marx based his exploration on the dialectical theory of Hegel, and with the abandonment of the idealistic views, introduced the theory of materialism.

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.

Socialism as an Economic Model

The primary objective of Socialism is to give the means of production to the hands of the whole society instead of private hands.

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 [...]

Economic Systems Types: Free Market and Mixed Economy

In the case of a free-market economy, resources are allocated by the forces of demand and supply. In a free-market economy, the price mechanism ensures that all aspects of the economy are in balance.

Android Platform and Diffusion of Innovations

Some of the aspects of the theory were carefully selected to support this report due to their relevance and applicability in business innovation and digital economies dynamism.

Keynesian Approach’ and Animal Spirits’ Analysis

The free market mechanism has been unable to yield fruits and the past recessions and depressions have been due to the government's reluctance to intervene in the markets and give the necessary support.

Henri Bergson’s Economic Concept of Time

To the best of my understanding, the preciseness of time has been a helpful factor in the understanding of the accuracy and correctness of historical and scientific findings.

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.

Economic Development: Competing Theories

The policies are in the form of direct or indirect government intervention through the creation of tariffs and local industry protection, among others.

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 [...]

Karl Marx’s and Max Weber’s Ideas

According to Marx and Engels, the bourgeoisie came out of the "serfs of the Middle Ages, the chartered burghers of the earliest towns".

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 [...]

The Rise of the Creative Class by Richard Florida

According to "The Rise of the Creative Class", the model of creating a successful creative city should not only embrace the advanced economic aspects of a place but also the 'sticky' aspects of that place.

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 [...]

Economic Views: Scientific and Ideological Approaches

The parts that could be ideological in the opinion are the wages of workers and levels of production. Although the use of science in solving economic and social problems has demerits, it is also important [...]

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.

Microeconomics’ Principles: Correlation Between Variables

Economics is the social science that focuses on the behavior of organizations, groups of people, and individuals that manage resources. It is possible to note that the approaches mentioned above mainly focus on setting prices [...]

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 [...]

Toshiba Company’s Micro-Economic Factors

To start with, supply is defined as the amount of a commodity that the seller is willing to bring to the market at a given time, place and at a given price.

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' [...]

Sharing Economy: Benefits and Difficulties

It is mainly comprised of individuals whose jobs and businesses are based on services that are currently provided by peers to each other within the sharing economy.

“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.

From Mixed Economy to Free Market Economy

But in order to appreciate the significance of this change it is important to understand the evolution from a centrally controlled economy to a free market economy.

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 [...]
Psst... Stuck with your
assignment? 😱
Psst... Stuck with your assignment? 😱
Do you need an essay to be done?
What type of assignment 📝 do you need?
How many pages (words) do you need? Let's see if we can help you!