Economic Theories Essay Examples and Topics
In these descriptions, Kimmerer explains the first principles of the gift of the economy, such as everything that people receive is a gift from the land, but a present they can give is their time, [...]
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Marx is for the opinion that this state of affairs is just the same as the previous feudal system of existence in the society.
Schumpeter's theory provides that the leading role of an entrepreneur in the economic field is the introduction of innovations from which the reward is gaining profits.
The main limitation of the Lewis model is that there were two models: that of Lewis's original ideas and advocacy for the economic development of the tropical countries, and the Lewis model advocated by Fei [...]
It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
Smith summarizes benefits of markets by saying that a market society leads to improved productivity through division of labor and specialization, it is affluent to all people and it leads to ultimate reduction of difference [...]
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Since globalization compels small business to expand and keep in tandem with business dynamics, insufficient capital becomes the greatest impediment that affects growth and development of small businesses relative to large businesses.
The UK and the US have differences in terms of registering a company. For instance, when a company finds the art of double taxation and other legalities that will manifest in their profit, it means [...]
However, this theory states that short-term steadiness is said to be the outcome of fluctuating quantity of work and investment in the total factor productivity.
The procedural category encompasses the theories of planning, whereas the substantive consists of the theories in planning. In the substantive context, planning theory refers to the descriptive and predictive body of knowledge about the morphology [...]
According to the early theories of economics established by Adam Smith that also relate to the concept of the World of Nations, the value of land and the actual rent charged for an office space [...]
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For instance, an intervention by a government determines the price of a commodity and the extent to which individuals may gain from a product in the market. In relation to unemployment, the rate of unemployment [...]
To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War [...]
The clamor for a better system calls for the creation of a line of credit for aspiring entrepreneurs, while at the same time ensuring the sustainability of the banking sector.
Consequently, the rate of growth and development could be measured by the level of savings and investment in physical capital in the country. This theory has included changes in technology into the model of growth [...]
As a result, the aggregate output of production through a division of labor process usually exceeds the alternative where a single worker handles the production from the start to the end.
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The reputation of the business is evidenced in their reports as audited statements increase the credibility of the enterprise hence it can help the lenders such as financial institutions to rate the credibility of the [...]
While exogenous factors are external and describe the resources of the economic system, endogenous ones show the quality of the economic system's agents.
The field deals with the relationship between the labor market and investors within a country and the dynamics that govern them.
The book is separated into 5 chapters and 24 smaller parts each of them targets a particular problem, analyzing the cost of popcorn at the movie theater or the outcomes of wearing a seatbelt on [...]
As revealed in this study, he developed the theory of rent, wages, and profit wrote about the Iron Law of Wages and the Theory of Comparative Advantage.
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Smith elaborated the idea of the exchange value of labor, as well as the use value of labor in coming up with the theory.
The article, "The State of Economics", is an article that discusses the turmoil between economists of the current age in trying to reconcile economic principles with both the classical and Keynesian economic theories of the [...]
GDP is equal to all expenses of all goods and services produced in a country, equal to the total of value-added during the production of the goods and services by all industries within a country [...]
Of all the schools of thought, the neoclassical school of thought has had the most influence in my way of thinking.
A market economy is buyers and sellers and is the state of trade as determined by prices, supply, and demand. The thing that distinguishes markets and money from other elements of the economy is that [...]
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Producer surplus refers to the price that the producer sells his product above the market price, this flow down to the owners of the factors used to produce the products, but in a purely competitive [...]
This type of unemployment is a natural part of the economy and is generally considered to be healthy, as it allows workers to move to new, better-paying jobs.
One of the main acknowledgments correlating with the Scottish philosopher is the establishment of the notion and foundation of the "free market", the system in which supply and demand shape prices.
The journal article "External Debt and Economic Growth: The Case of Emerging Economy" by Sami Al Kharusi and Mbah Stella Ada highlights some of the impacts of external debts on a nation's economic growth.
The purpose of the paper is to analyze markets with different classes of stocks, which are often not correlated, so that managers can balance their impact on China.
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All cases against the association had a financial basis, as they were concerned with the NCAA's restrictions on non-monetary academic compensation for students and the association's monopolization of the field.
The objective of the queuing theory is to provide the framework for analyzing the features and dimensions of waiting lines. The first in, first out is one of the approaches that the management may use [...]
However, the authors further explain that there is much more to the cost-benefit theory than actual costs and benefits: the theory is practically about "comparing the advantages and disadvantages of a potential decision".
In regard to framework, American culture and the individuals who work within this culture can be characterized as competing and individualist.
Concerning an original and economics-based explanation, it is feasible to state that externalities are expenses or benefits that are transferred to a third party or external member but are not included in the total cost.
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In conclusion, capital mobility refers to the movement of capital across nations, and higher capital mobility can be observed in developed nations.
Further, it compares the staple approach with other frameworks of economic growth; and, eventually, suggests the applicability of a staple approach to the historical case of Canada.
This work aims to study the article "The causality analysis of Airports and regional economy" and how effectively and clearly the authors conveyed the main idea of the work.
The effects of the pandemic on CCIs have led to a global upsurge of various organizations advocating for changes in global economic approach and research qualifying the damage that resulted from the pandemic.
During the COVID-19 pandemic, organizations also realized the essence of frequent and timely communication between the audit committee, the board, and the management.
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Creativity development is a massive trend and a necessity for any business because it is the basis of innovation, evolution, and ideas.
In particular, its advertisements are designed a way that seems to appeal to the best practices of both individualism and collectivism in the United States.
The political cartoon applied different visuals to present the arguments of classical economic theory and the application and emergence of the Keynesian Theory of economics.
The theory proposed by the authors of the article was based on relevant empirical evidence revolving around the idea that there could be a positive relation between dividend premium measurements and aggregate dividend initiations.
The theory of production relations refers to the relationship that exists between those who own the means of production, mainly capitalists or bourgeoisie, and those who do not, who are the workers or the proletariat.
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Proximity of firms can lead to positive externalities that lead to the effectiveness of the firm in production and its operations in general.
The Classical model was the most popular prior to the advent of the Great Depression that devastated the United States in 1930.
Consequently, the purpose of this research is a comparative assessment of the effectiveness of investment predictions of Tobin's Q theory of investment and fundamental macroeconomic parameters using the example of the UK stock market.
The idea assumed the value of a company depends on the amount of the profit and is not influenced by market mechanisms.
The paper deals with cash transfer programs in developing countries, and the authors discuss the estimates of cash transfer to adolescent girls after the end of the CCT program and the outcomes thereof.
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A modern market economy cannot function in isolation, market transactions occur inside a set of regulations, and a person must uphold these regulations in a position of authority. Along with its laws, the government upholds contracts, other agreements, and understandings between the various parties engaging in economic transactions. The government occasionally establishes guidelines that specify […]
Dependency theory is also used to discuss the position of poor countries in the world economy, as well as their relationship to other nations in the world.
One of the essential members of the Organization of the Petroleum Exporting Countries, the Kingdom of Saudi Arabia, introduced several policies to balance the economy and control the budget deficit.
The capitalist flow of goods and services across the world and the role of governments in this was a major setback in the fight against the pandemic.
Under the Great Recession's impact, people had to reassess and modify their spending behaviors to choose the most profitable areas to invest in and distribute their financial flows.
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He, therefore, came up with a hybrid economy theory that would be used to help the lives of the Aborigine people.
Crucial historical transformations such as the back-rolling of capitalist west welfare states, decline or crucial metamorphosis of party states which were bureaucratic in the communist East, and weakening of the economic sovereignty of nation-states have [...]
This paper provides a summary of these results, highlighting the main aspects of the economic forecast for 2010, on both the national scale and California and Orange County area. The first highlight for the release [...]
As a consequence, profit is defined as the surplus value generated by labor above and beyond the amount needed for reproduction, as represented by wages and their buying power, such as the price of commodities, [...]
Therefore, the intensification of the processes of economic renewal and social progress of the community depends on whether the administration will be able to appreciate the necessity for cultural change in the state.
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We are led to believe that free labor is a viable alternative to the traditional means of production, and children, who actively consume its products through TikTok and other platforms, may express a desire to [...]
In addition, it is vital to prove the effectiveness of the methods, applied in the past, as their outcome may not be sustainable.
The extensive growth of the population and the high speed of the urbanisation give rise to numerous concerns regarding the further development of cities and the quality of peoples lives.
The paper explains how shipping markets are organised and investigates the volatility of Efficient Market Hypothesis alongside Rational Expectations in the formation of dry bulk ship prices over a given period of time.
The aim of the paper is to analyze the beginning and development of national competitiveness theory, and discuss the main similarities and weaknesses of the theories.
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The prevalence of nationalism leads to changes in the education system, as the government tries to justify the superiority of the country by altering the curriculum.
This paper discusses the role of economic theories in the economy. He put forward the proposal of a free market system with the government playing a minimal role in the economy.
The company needs to do the following; to maintain proper books of account, ensure the accounts are in agreement with the book of accounts, and ensure sound accounting policies has been followed in the presentation [...]
This economic indicator in relation to GM is relevant in the assessment in that it clearly shows the sales in the auto industry.
Thus, it is important to look at all three variables in our research to determine the application of the law of supply and demand to the issue of the brain drain of graduates in the [...]
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Theory of constraints is a managerial approach that is used to identify the most important constraint, also referred to as limiting factor, and control it to improve a company's profitability. Another benefit of the theory [...]
The paper explains the relevance of the superannuation policy and the role it played in cushioning the economy from the recent global financial crisis.
These are mainly for the purpose of regulation of activities in the buying and selling of securities. These terms are stipulated in the Certificate of Designation.
On the other hand, Madhok and Phene are quite categorical that in addition to the electric paradigm, the Strategic Management Theory is critical when evaluating the performance variations among different firms and especially when employing [...]
The fundamental concern of macro-prudential policy is to ensure financial stability that is related to; credit supply, insurance against risk, and service payment.
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In conclusion, it is evident that a set of variables tends to determine the price or the value of an option.
When a private company begins to sell its shares to the general members of the public or institutional investors for the first time, it is known as an Initial Public Offering. They are sought investment [...]
In such cases, it is easier to use average-based costing to calculate the financial ratios. The third reason for the use of average-based costing is the possibility of analyzing its derivatives to find trends.
Constraints are also referred to as bottlenecks because of the limiting factor of the neck of a bottle to the amount of a liquid that will come out of the mouth of a bottle despite [...]
This means that his intention is to see the growth of his company through the growth of other companies. However, an investor will take advantage of these earnings if the company is in a healthy [...]
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According to Bebee and Hunt, the source of information may have used may affect the validity of the economic analysis. For example, when conducting economic analysis, one of the major sources of information in US [...]
Therefore, the key aim of the paper is to analyze the opportunity of recapitalization, the necessity to issue debts and shares, as well as analyze the benefits of such recapitalization.
The voluntary social and environmental disclosures are an organization's response to the social expectations and these disclosures act as a way of showing the organization is binding to the social contract.
It will mainly concentrate on the use of probability concepts to make decisions required in the business I will explain the research processes and methods which I use to limit uncertainty in decision making.
The move is aimed at creating consistency in the preparations of financial statements regardless of the industry the business operates in.
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Thus, every corporation functioning in the multitude of markets has to take a set of measures to protect its revenues from shrinking in the process of currency exchange. In the context of measures taken by [...]
A more sufficient issue for economists is that Buchholz has also met a more complicated unformulated challenge: to be populist and approachable without losing the essence.
The major theme emanating from these studies is that social networks play a crucial role in the sharing and dissemination of knowledge among members.
IPE describes the global power dynamics that control international trade and finance, fuel globalization, and wealth distribution across the globe. Sachs argues that globalization and the emergence of political economics have led to the increased [...]
In that regard, capitalist competition results in the creation of a common rate of profit. Competition between firms results in the centralization and concentration of capital.
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An important assumption of neoclassical economics in the theories of classical economics is that the most important factor in determining the value of a product or service is its utility to consumers.
The early socialists fail to make changes because the system that they proposed did not deliver its promises of security, prosperity, and equality. However, scientific socialists held that revolution and socialism were the major components [...]
The agenda-setting theory will be useful to explore the impact of the coronavirus discussions in the news media on the audience all over the world.
There is also a chain of processes that lead to the manufacture of the particular product. Additionally, company A will be more inclined to ask for a long-term contract so that it is in a [...]
Some participants indicated that in their place of work, promotions are based on experience and the level of education. Most of the participants indicated that they prefer to work for fewer hours and earn more [...]
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However, many researchers at the end of it all come to appreciate the fact that there is minute and mostly unnoticed differences between what is called a regular economy and a green economy.
There must be a question to think about a hypothesis. One has to test the hypothesis.
Implementation of the lean system with management, manufacturing and accounting principles leads to the formation of balanced environment within the company.
The essence of business firms' existence, as well as the functioning of the economy, was also highlighted in his explanation of the nature of the firm.
A stratified society and economy refer to an arrangement of the society and economy in form of wealth and power present in the society ad economy. Hence, the US has achieved a market but elements [...]
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The exchange value of a commodity, according to Smith is measured by the input in terms of labor that has been put into it.
Either the price of the product will fall in order to create demand for the increased supply or the supply will the restricted in order to maintain the price level. The price paid is a [...]
Since rising AS is a function of increased demand for the good, short-run AS shifts to the right and upward to match rising price levels.
One of the most important aspects of PERT is that it also helps to decide the budget of a project and we are trying to complete our project in the shortest time.
Friedman's monetary theory was largely influenced by the work that was performed by Irving Fisher on the quantitative theory of money, a theory proposing a view that there is a direct relation between a price [...]
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On the other hand use of urban space can be pegged to the study of urban design which deals with the arrangement and functionality of the urban centers.
Thomas Huxley was once reputed to have said, "The chessboard is the world, the pieces are the phenomena of the Universe, the rules of the game are what we call the laws of Nature and [...]
He served as a Professor in Economics and Statistics at the University of Oslo from 1948 to 1979. He attended the University of Oslo and was a student of the renowned Ragnar Frisch.
Prior to discussing the effectiveness or ineffectiveness of the needs model under the conditions of globalization; it is of the crucial importance for us to define it and identify the major principles of this approach.
It is quite difficult to empirically prove International Fisher Effect due to the unobservable and immeasurable nature of the expected inflation rates and the expected real interest rates which are key factors in International Fisher [...]
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In his notoriously racist essay "Occasional Discourse on the Negro Question" Carlyle clearly states the essentials of the argument particularly succinctly in the fifth and sixth paragraph of the article, where they are couched in [...]
The perception of macroeconomics is in terms of a worldly view of resources while microeconomics entails a more individual feature of the economy. This makes the difference from macroeconomics, which appertains to the sum total [...]
The concept of Expected Utility states that 'a person entitled to make a decision opts to choose among risky or unsure scenes by contrasting their expected utility value.' The expected utility value is the summation [...]
The marginal benefits of having a new model that would not face a recall out weighted the marginal cost of the quality control exercise and thus the delay of the vehicles into the market.
In that regard, prior to taking vital decisions, such as raising the price of the book, Will should establish the marginal costs and the marginal benefit of such decision, and compare them in order to [...]
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The article 'The income gap grows' by Robert Frank holds that the rate of economic inequality in the United States has been on the rise.
He admitted in the University as a student of Law but he has found his interest in Economics and Psychology. He continued his producing The Fatal Conceit in 1988 and at the age of 89.
Democracy and its success: Democracy refers to a political system in which the political part of the government is elected through adult suffrage.
He is also the author of the book "The End of Oil" which is a tour de force of the prevailing scenario with regards to the hydrocarbon economy and the future of oil and how [...]