Economics Essay Examples and Topics

Germany and Its Macroeconomics

The past years witnessed rapid changes in the patterns of macroeconomic development in Europe. Most European countries have managed to preserve their macroeconomic position despite the dramatic financial difficulties facing the developed world. At the same time, as the balance of macroeconomic forces changes globally, Europe must be ready to readjust its macroeconomic decisions to […]

Global Warming Results for Economics

The ongoing discussion of climate change has important results for economies. Whether the change is real or an artifact of measurement problems, whether it is caused by human activity or a natural part of weather cycles, whether it can be offset by technology or behavior change or not, it affects economies. The very fact of […]

Should Big Banks Be Broken Up?

Introduction Banks are some of the most important institutions in the various economies in the world. Essentially, banks are categorized in terms of big and small banks according to their market share. Commonly, the big and small banks operate in different manners due the operational mandates accorded by their sizes. Understandably, the big banks operate […]

China’s Biggest Economy Threats

Abstract Global warming and climate fluctuations that occur due to air and water pollution are well known and frequently discussed issues. Their consequences are followed and studied all around the world. One of the countries that took its time to start paying attention to the ecological problems is China. Yet, in 2013 the Chinese government […]

Size of Government and Intervention in the Economy

Introduction The size of the government has become a sensitive issue in the last couple of years. The debate stems from the high cost of running the government. There have been concerns that a big government adds to the wage bill and does not help in service provision (Messmore, 2007). This paper will analyze the […]

Ethnic Diversity in Metropolitan Areas

Ethnic diversity in certain metropolitan areas can be richer and more obvious than in other areas because of the influence of historic and social tendencies of migration. In addition, differences in the economic development of the United States’ metropolitan areas can also be observed as a cause of ethnic diversity or as a consequence of […]

China’s Export-Led Economic Growth Strategy

Introduction This paper presents a proposal for the study of export-led growth in Asia. The study’s research question is what is the role of export-led growth in China? In order to answer this question, the study will be guided by the following objectives. The first objective will be to determine the contribution of exports to […]

Outsourcing and Its Benefits for US Economy

Outsourcing in the United States has generated both negative and positive feedbacks. However, scholars and non-scholars talk about subcontracting jobs as causing loss of jobs for the Americans without looking at how it benefits the U.S. economy. In fact, literature shows that outsourcing benefits both the U.S. and foreign economies that are involved in the […]

Economic Issues: Migration’s Causes and Effects

The orientation of the society in contemporary times denotes the creation of pressure that necessitates the movement of people from one location to another location to ease the pressure. Migration is, therefore, a trend that is common due to the modern world that is characterized by the push and pull factors that influence the movement […]

Working of Derivative Markets

Introduction Apparently, sporadic changes have been observed in the market field in day-to-day live. Such changes have been implemented with the ultimate goal of making markets potential areas for carrying out business activities. Ideally, derivative markets are based on an underlying market. In this light, such market can be of different forms ranging from individual […]

Economic Impacts on Talent Management UK vs China

Introduction Talent management encompasses the processes of identifying the best human capital that can go a long way in improving performance outcomes of an organization (Collings & Mellahi, 2009). Effective talent management ensures that the products of a company are produced and sold, resulting in excellent outcomes (huge profits) (Tarique & Schuler, 2010). In this […]

Minimum Wage Regulation

The minimum acceptable remuneration that an employer should pay an employee has been a source of contention among diverse parties with conflicting opinions about the importance and drawbacks of laws on minimum wages. Pursuance of regulation on wages in the 19th century set the stage for the formation of trade unions and other bodies that […]

New Respect Is Bestowed on Fiscal Policy

This article is titled “New Respect is bestowed on Fiscal Policy” and it reveals how the fiscal policies of major economies have featured in the recession era. The article appears in the online publication of “The New York Times” and it is authored by a renowned business reporter. According to the article, the economic outlook […]

CanGo Limited Company Financial Analysis

Introduction The paper seeks to carry out a financial analysis of CanGo Limited. The results of the financial analysis will be compared with the performance of the competitors in the industry. Further, a recommendation will be made to a potential investor on whether to invest in the company or not. Ratio analysis Liquidity The liquidity […]

China’s Rise in Global Economy: Minqi Li’s Analysis

Introduction China has achieved a rapid economic growth and development in the last three decades. Currently, China is the second largest economy in the world. As the country continues to develop rapidly, it is expected to have a great influence on economic and political issues in the world. In this respect, the possible impact of […]

Retail in 2025: Physical and Digital Spaces

Retail landscape has undergone continuous change from the growth of railroads and big cities to modern department stores to shopping malls and now to e-tailing. The changes that have set in have transformed the way consumer expectations have transformed, evolving retailing strategy. Retailers, therefore, had to continually adapt to the changing situation in order to […]

Retail Development Forecasts: Online vs Offline

Practically every person at least once in a lifetime had a desire to get a glimpse of the future. At the same time due to the rapid development of modern technologies, it is rather difficult to predict what the world will look like in the future. A short ten years ago, there were no such […]

Local Business Role for South Africa’s Economy

The main issue revealed in the article is the problem of the local business and its competitiveness with global enterprises. The fact is that in South Africa, there is a tendency for the business acquisition of global giants such as Walmart, Zara, and Burger King. The problem is what advantages for the local economy can […]

Housing: Renting and Owning a House

Introduction A person can either purchase or rent a house. However, these options will present numerous cons and pros. People should consider these issues before making their final decisions. To begin with, renting a house can be a major financial commitment. The expenses of renting a house can be extremely shocking. On the other hand, […]

The Fair Trade Movement and Its Socioeconomic Influences

Introduction Fair trade refers to an organized movement whose major goal is to assist producers in developing countries. The aim of this entity is to improve trade and enhance economic sustainability (Feenstra and Taylor 23). The focal point of the movement is the yields exported by stakeholders from developing countries. It seeks to promote equity […]

The Fair Trade Concept

On a surface, the role of a consumer in the market environment, not to mention the global market realm, seems rather restricted. It is not that this role is minor – far from it, customers define the type of goods produced, their amount, etc. On a global scale, though, especially in the prospect of environmental […]

Finance: the History of Money

Wealth is constituted only of money as per the document. Wealth is defined as the ability to have an abundance of many different types of goods at your convenience. It explains that the accumulation of capital results in an increase in wealth. The article puts into consideration whoever owns the property but assumes that everyone’s […]

Economics: “The Second Machine Age” by Erik Brynjolfsson and Andrew McAfee

A Significant Economic Trend In the book titled, “The Second Machine Age”, Brynjolfsson and McAfee, citing the social development theory, posit that the digitization process will continue to have major economic impacts on productivity globally. They oppose the view held by most economists, namely, that economic growth has stalled in the digital era, arguing that […]

Finance in the Book “The Ascent of Money” by Niall Ferguson

In the divergent opinions that history cannot instruct people anything and that the future represents merely an indication of the past is the rational situation that history offers people indistinct comprehension of what could lay ahead for humankind. History-free economic experts could have held the efficient marketplace hypothesis that asserts that the market will value […]

Economies of Scale’ Definition

Introduction In business today, some companies enjoy the Economies of Scale while others do not. The difference between the companies that enjoy economies of scale and those that do not is based on the volume of output. Companies that are involved in large scale production are more likely to enjoy economies of scale compared to […]

Economic Issues: the Income Inequality

Think about the recent statistic on inequality that the top 400 richest Americans have more wealth than the bottom 150 million Americans combined. How do you think this happened, and what is your position on this? The income inequality in the United States can be considered as a result of the ineffective economic policies that […]

Economic Issues: Free Trade Liberalisation

Even though the move to liberalize trade had positive implications, there is always clear uneasiness and worries among the public. The essay discusses the reasons for the disquiet among the public. It will also research on the comparative advantage that arises in such situations. When countries engage in free trade, the local industries suffer immensely […]

Economic Issues: Unemployment in the United States

The news articles titled “The US has a Jobs Crisis: Here’s How to Fix it” and “Searching for an Answer behind African Americans High Unemployment Rate” provide economic viewpoints on the problem of unemployment in the United States and why it is yet to be effectively addressed despite concerted efforts to create employment opportunities. The […]

Economic Issues: Business Cycles

It is crucial to note that over time, some of the main macroeconomic variables are prone to considerable changes. The aggregate level of real output of an economy (usually represented by GDP or GNP) tends to grow. The recurring deviations from the real aggregate output about the trend can be referred to using various interchangeable […]

Microeconomics: Consumer Choice

Abstract Consumer choice is an aspect of microeconomics, which focuses on the consumers’ decision-making process. Firms always try to attract consumers to their products so that they can gain a competitive advantage over their market rivals. However, this can only be possible if the firm can understand the factors, which influence consumers when they are […]

Economic Issues: Foreign Policy

Introduction Flexible budget and easing up of the economy is believed to the simplest means to recover from a stagnated, growth-deprived economy. However, recent experience from Europe speaks otherwise. In the article, ‘Europe’s Goldilocks Dilemma,’ published in Foreign Policy, points out that many leaders from the European Union (EU) are presently demanding a more flexible […]

Economic Issues: Full Absorption Costing

Abstract This paper deals with the article on full absorption costing and marginal costing systems. Lakmal (2014) highlights the advantages and downsides of the two approaches and reveals the most effective ways to use the two systems. Importantly, the author notes that it is beneficial to use both approaches alongside activity-based costing. The article is […]

Remittances Role in Spurring Global Economic Growth

In the video titled “The hidden forces in global economics: sending money home,” economist Dilip Ratha discusses the role played by remittances in spurring the growth of developing countries. According to Ratha, the annual total of remittances sent home by international immigrants is thrice the amount of foreign aid sent to developing countries. However, the […]

Jeff Rubin’s Economics: Oil and the End of Globalization

Introduction Jeff Rubin, a competent and globally renowned energy specialist, has written a book that is crucial for the Americans and all nations across the world. Why your world is about to get a whole lot smaller: oil and the end of globalization is a chef-d’oeuvre book that speculates on the future of the international […]

Macroeconomics: Larry Elliot’s Review of Capital

In his article, Larry Elliott, an economics editor for The Guardian, analyzes Thomas Piketty’s book Capital in the Twenty-First Century. The article focuses on the books main theme, which suggests that the increase in inequality is eliminating capitalism. Elliot praises Piketty’s ability to utilize empirical evidence to develop a comprehensive historical overview of capitalism and […]

Investment Appeal of the UAE

Introduction The United Arab Emirates is a state of the Persian Gulf. The political structure of the state is the Federation of the Emirates. The UAE is considered to be one of the most developed countries in the region. The rapid economic growth is one of the criteria making the country attractive for investing. There […]

Economic Issues: Casino Gambling

Expansion of Casino Gambling The casino and gaming sector in most countries has experienced considerable growth. Most of this growth has been attributed to the explicit policies adopted by various federal and state governments. It is believed that casinos can be a significant facilitator and promoter of growth within the tourism sector. However, the realization […]

Market Entry Strategy

A market entry strategy into a foreign country enables an international organization to capture new market niches and increase salesa revenue. However, entry intthe o a foreign market is one of the most difficult tasks that require a multinational corporation to develop effective methods of eliminating entry barriers. Specific business aspects such as competition, price, […]

Economic Issues: Modes of Production

Despite the predominance of capitalism as the mode of production in the current global economy, communism, independent production, slavery and feudalism have remained active in the production modes in the society. This analytical treatise attempts to explicitly explore the tenet of existence of other modes of production besides capitalism in the present society. Through the […]

Economic Issues: The Keynesian Theory Places

Economics is a social science that focuses on relationships between individuals, businesses, countries, and continents in terms of how the resources are being used in order to meet the wants of humans. This subject can be divided into two major categories, in particular, macroeconomics and microeconomics. The first one is a study of the aggregate […]

Economic Issues: The Evolution of Usury

Usury refers to the lending of money at interest. The practice of usury has a very long history. Writings from ancient times such as the Bible have passages that condemn usury. The fact that usury was found in many old writings does not mean that societies accepted it. What it means is that usury has […]

Economic Issues: Dubai New Housing Bubble 2013?

In a bid to avoid the ‘oil curse’, Dubai embarked on diversifying its industries. The emirate’s growth is currently associated more with diversification than its rich reserves of gas and oil. To many, the real estate industry is one of the best performing non-oil industries. Sadly, after enjoying a six-year boom, the real estate business […]

Economic Theory: Positive Globalization

Introduction Globalization is one of the most discussed terms nowadays. It is the concept which touches upon different spheres of life, and it is analyzed by the representatives of various fields of study. Globalization influences not only the modern world as a whole but also the way of life of the individual persons. However, the […]

Franchise Systems in World Economics

The business world is a quickly evolving entity that contains many opportunities for prosperity and success. Many global companies have locations worldwide, and franchises play an important role in the conduction and maintenance of the business. One of the well-known franchises is a chain of motels called “Motel 6”. The management of these motels has […]

European Market Regulations

The single European market The single European market has provided a lot of opportunities for business organizations. The various business opportunities that have been availed by the European single market have accelerated the levels of growth for several multinationals operating within the European Union. To begin with, business managers can enjoy the increased prosperity presented […]

Factors that Influence International Business

Introduction The term international business simply means any business that is conducted cross-border or between nations. The business could be conducted by governments of various nations, private companies or by individuals from different nations. It is important to note that a business is any transaction or activity whose major motive is to make profits. Therefore, […]

Perspectives on Small Business in Canada

Introduction The overwhelming approval of small businesses and their role in Canada and America is a clear indication that people are increasingly appreciating and embracing small business compared to large corporations. A study by Canadian Federation of Independent Business (CFIB), as reported by Nicole Troster, provides a clear indication that most people in Canada are […]

Outsourcing in US

Introduction Outsourcing U.S. workers means that full-time workers are obtained from less developed countries where the wages are lower, and labor laws are tighter. It is facilitated by the availability of the internet that makes it easy to assemble and manage remote teams of workers. The increasing economic pressure in the globe facilitated by the […]

Forecasting and Preparing Financial Statements

Financial statements are fundamental to the success of any business since they enable the owner to track the cash flow, revenue, and expenditure hence avoiding wastage. A new boutique is not exceptional since it is a profit-making entity, and the financial activities have to be tracked effectively for the business to grow and make a […]

United Arabs Emirates’ Open Economy

The UAE is an economic miracle. Very few countries have achieved the feat that the UAE has managed to achieve in the last three decades. At the beginning of the twentieth century, the region was simply a vast desert. In fact, life in the region remained unchanged for many centuries until the discovery of oil […]

Business Cycle in Economy

Appearing in last Sunday’s edition of New York Times, the article “Living on Minimum Wage” illustrates a picture of an American economy which is in the recovery phase in the business cycle. This paper illuminates some of the main ideas contained in the article. Business cycle, also referred to as economic cycle, is a term […]

Economy Issues: Global Food Trade’s Benefits

How does this vast movement of food from one nation to another benefit developing nations? Are there benefits to developed or wealthy nations? – When foodstuffs are moved from one geographical region to another, several benefits are enjoyed by both the developing and wealthy nations. For instance, the developing nations are in a position to […]

Economy Issues: European Union Impacts on Ireland Businesses

Introduction The economic development of Ireland is closely tied to the country’s membership in the European Union. This paper is aimed at discussing the effects of the EU policies on various businesses in this country. In particular, one should examine their positive and negative implications. This issue is of great importance nowadays because at present […]

Consumer Science: Online Shopping in the United Arab Emirates

Introduction Online shopping is increasingly gaining currency among customers, not only in the United Arab Emirates (UAE) but also globally. As demonstrated in the literature, the application of technology-based online services has achieved tremendous growth in recent years due to the wide penetration of the Internet and its capacity as a channel of information and […]

Hollywood Taxes for the Film Industry

The article “Hollywood Asks California to cut Taxes for the Film Industry” discusses a petition launched by Film Works aimed at convincing the state of California to implement tax cuts for the film industry. Film Works is a company that advocates for the rights of stakeholders in film production and distribution. In order to make […]

The Significance of Formalizing Economy

Summary Increased production of goods and services is conducted from state and market-based structures. The above illustration addresses formalization thesis from a definition point of view. However, this assumption is considered a fact when factors influencing informal economy remain constant or in a dwindling state (Williams 2007, p. 14). The article emphasizes on the significance […]

Finance Theory – Too Big to Fail

Introduction The too-big-to-fail problem refers to the possibility of large financial institutions affecting a country’s financial system and economy owing to their financial failure (Davidoff par2). To prevent adverse effects on the financial system, the government assists large institutions whenever they face financial constraints. Institutions that have large asset bases and whose financial activities play […]

Finance: Government Securities

Introduction Government securities are obligations that the issuing government must meet. It is the role of governments and their appropriate agencies to issue government securities. Various governments issue securities for diverse reasons such as raising funds to finance deficit budgets as well as repaying national debts (Boston Institute of Finance 5). Various securities such as […]

Economics: “The Wealth of Nations” by Adam Smith

Adam Smith is regarded as one of the first scholars who considered the physiocratic system in detail. He criticized the old mercantilist system and stressed that only new principles could help nations prosper. Thus, Adam Smith believes that the mercantilist system cannot fit in the society of the 18th century. According to the mercantilist system, […]

Economic Justice for All in the United States

Introduction Economic activities are the main pillars of development in nations. They produce goods and services that are required by people to manage their daily activities. This means that business activities are indispensable in all societies. The need to ensure all regions in a country develop equally has forced nations to establish policies that guide […]

“Signs of Life in Home Building” by S. Dewan

Published in the ‘New York Times,’ Sheila Dewan’s article “Signs of life in home building” presents an analysis of the current situation in the housing and employment sectors in New York. According to Dewan (2014), the employment sector and housing industry have a natural and strong relationship in a perfect economy. The link is a […]

Economic Issues: Mexico’s Developmental Controversies

Mexico is a country with a rich history and wonderful prospects for economic development and growth. A place where several advanced civilizations were born, Mexico is also the land of immense economic growth opportunities. The country’s Human Development Index (HDI) is 0.775, and it constantly improves. Industrial growth, urbanization, and economic development greatly contribute to […]

Neoclassical Economics Concepts and Theories

Stanley Jevons was a neoclassical economist who, among others, advanced the economic theory of marginal revolution. He explained labor and consumption in terms of marginal utility. Classical theorists held the view that the value of a product is directly proportional to the labor used in production. Jevons, on the other hand, argued that the value […]

Behavioral Economics And Finance

The first attempts to analyze and explain the actions of economic agents from the psychological perspective were made in the 18th century. Since then, this field of study has advanced substantially. The ideas on behavioral economics can be found in the works of the representatives of the different schools. Many of them are devoted to […]

Auditors Role in Financing

The warning signs Auditors need to check for warning signs when reviewing the financial statements of a company. There are several red flags that the auditor can check. A large change in the values reported is the first red flag. The second red flag is changing the external auditor. The third one is ambiguities in […]

Economic Issues: Reducing Fertility in Bangladesh

Abstract Fertility is one of the most debated issues in Bangladesh. The rate of fertility is very high compared to countries like Kenya, due to poor family planning. However, the rate has been on the decline due to factors that include education, employment opportunities, and erosion of degrading traditional beliefs. Illiteracy among women in Bangladesh […]

Consumerism in the Emirati Society

What Is Consumerism? Building an advanced community on a desert-like landscape, the Emirati society has utilized its oil resources to transform its traditional image, which is characterized by not only innovativeness but also a glamorous society. The definition of the term “consumerism” is aligned with the protection of consumer rights. Consumerism in this context, is […]

Consumer Law: Suing Companies Over Spilled Drinks

Suing companies because of the negative aftereffects of accidental spillage of hot drinks must not be allowed to continue. Tort reform and other preventive measures must be in place to discourage this type of lawsuit. If legal reform is not implemented, the justice system will suffer from unnecessary backlogs. More importantly, food and beverage companies […]

Economic Issues in “Capitalism” by Joan Robinson

The ideologies presented by Joan Robinson in her essay are tactical and pertinent in the field of economics. They provide thran ee-dimensional perspectives on the evaluation of capitalism. However, the broader essence of capitalism might reveal somewhat distinct outcomes if my opinions were to be incorporated in the assessment of capitalism. The purpose of this […]

Consumer Science: Factors of Purchasing a Mobile Phone

Influence There are various factors that influence how a person can purchase a commodity from the market. The most pertinent attributes considered by a buyer while making the decision pay for a good have a psychological, social, personal, cultural, and/or situational nature. In a bid to deliberate on these factors, the above mind-map has been […]

The Indian Ocean Economic Future

The Indian Ocean, one of the three largest oceans on earth, is a major economic, social and cultural resource for millions of people in Africa, Asia, Australia as well as other continents that use it for various purposes. It runs from the eastern shores of the massive African continent to Australia in the west, frames […]

Economics: Gambling Industry

Gambling industry is quite new, but it is rapidly developing. Companies operating in the business manage to gain billions in revenues, but they also face serious competition. In 2008, the industry went through hard times, but now new casinos are being opened. More so, the industry is becoming more diverse in terms of its products […]

Economics: Problems Facing the Caribbean Region

Currently, the countries in the Caribbean region are doing well economically, even though they are still behind in social and political developments. For instance, the status of human rights is terrible while the conditions in which citizens live are appalling meaning some interventions are required. The region is in urgent need of strong policy actions […]

United Kingdom’s Economic Risk Assessment

Introduction Even though recent scholarly reports indicate that the United Kingdom is experiencing a tough global financial mayhem, the nation, as empirical research points out, is a Country Risk Tier one with the very low-risk level that runs through its three sectors namely political, economic, and financial sectors. This means that the UK is a […]

Contemporary Economic Situation in China and India

According to Fareed Zakaria, India’s development is haphazard and uninfluenced. On the other hand, China’s economic growth is controlled by the central government and is not subject to outside influences. Consequently, it is misguided to think that India’s infrastructural development will one day be on par with that of China. The author notes that India’s […]

Unemployment Effects on Lithuania Individuals

Introduction Unemployment is a situation where individuals who are actively looking for jobs are not able to find work (Boyes and Melvin 47). Unemployment is often measured in terms of the percentage of the labor force that is not employed. This measure is used to evaluate the economic health of a country. Unemployment is undesirable […]

Finance Issues in the Book “The Big Short: Inside the Doomsday Machine” by Michael Lewis

The fiscal crisis that hit Wall Street had far-reaching impacts globally. This financial crisis has drawn the attention of many scholars, economists, and stockbrokers. Lewis is one of the financial analysts that have tried to scrutinize the 2008 obscure financial crisis in the United States. In writing his book, Lewis conducted an in-depth analysis of […]

Debates About Austerity and Stimulus

Introduction The austerity and stimulus debates have been reinvigorated by the turn of events in the European economies. The indication is that the two economic ideas are exceedingly disputed yet there is inadequacy in their understanding. While the stimulus packages have widely been accepted as the best economic measure during the economic slowdown particularly its […]

Evaluation of Philippines and Germany

Philippines In recent years, the economy in the Philippines has shown macroeconomic constancy and pliability to external shocks like change in crude oil price or economic recession. The global financial crisis and the havoc natural disasters like the El Niño could not affect the proper functioning of the economy. Political The country was a Spanish […]

Abu Dhabi Tawteen Council

Abu Dhabi Tawteen Council The United Arab Emirates president by the end of 2005 initiated the ADTC (Abu Dhabi Tawteen Council) to meet his dream in service delivery. The president’s main intention was to exploit the entire potential of the Emirati human capital for economic and social growth of Abu-Dhabi. The ADTC endeavors to satisfy […]

Indian Economic Growth

Keynesianism as a theory maintains that the economic performance of a country depends on the expense incurred in running its operations in the short run. These expenses depend on production and employment levels of the country; they also affect the inflation rate in the concerned country. According to this theory, government involvement in the monitoring […]

The High Cost of Projects

Introduction Projects are considered to be an array of activities that are supposed to be executed within a predetermined period. Companies prefer to handle certain assignments in the form of projects to achieve certain deadlines at a low cost. Such activities cannot always be carried out during normal operations of the business due to factors […]

Thomas Friedman’s Three Eras of Globalization

The globalization process is meant to break all political and physical boundaries and enhance international cooperation in different aspects of life. Globalization ensures that relevant systems of life are spread to all parts of the world despite the many complexities involved. Globalization is a very elaborate process with very complex systems. This paper will discuss […]

The Increasing Rate of Unemployment

The world has experienced an economic slowdown that has affected many economic sectors over the last couple of years. One of the sectors that have been highly affected is the labor market. Many people have been losing their jobs since the organizations they work can no longer afford enough money to finance their salaries. Labor […]

The UAE Economy

Introduction According to various economic indicators like the Gross Domestic Products (GDP), Human Development Index and steel and energy consumption; the economy of the United Arab Emirates (UAE) is considered a diversified and highly growing economy. The UAE economy is an open economy, has 10% of the world’s oil reserves and is the world’s fifth […]

Customer Service Definition

Describe a customer service situation where both the customer and the service provider ended up winning. Customer service is the provision of different services for customers to fulfill their need in some good and guarantee their satisfaction. However, not only the satisfaction of a customer should be achieved. There is an ideal situation in which […]

Economic Growth by David Weil

Facts to be explained In this introductory chapter, Weil discusses the aim of the book as well as the important questions that the book answers. The main aim of this chapter is to help the reader to acquaint himself or herself with the topics that the author discusses in the subsequent chapters of the book […]

The Unemployment Situation in the United States

Introduction Unemployment is a situation where people are jobless, but they are looking for jobs actively. The rate of unemployment usually increases during the time of economic recession. Over the past few years, the world has experienced a period of an economic slowdown. Consequently, the rate of unemployment has increased significantly (Duman, 2010). This article […]

International Economics

Import quota An import quota is imposed by countries to mitigate the amount spent on import. The countries also reduce the number of goods produced abroad and sold in the home countries. Import quotas are often viewed as a protection measure. Domestic ‘young’ industries in the country are protected from well-developed companies abroad. This gives […]

Scale’s Cost and Economies

Pricing of goods and services Pricing of goods and services is a vital part of the profit – deciding on an organization. It is because the cost of producing a unit of a commodity is deducted from the price of the commodity to earn a profit. In most organizations, the selling price is arrived at […]

Why Canadians Cannot Compete With Lower Labor Cost Countries?

The quick response to this question is that countries like Canada are not competing for low labor cost advantages that emerging markets such as India and China have. Moreover, the low-cost advantage is not sustainable to the rapid developing countries including India and China. However, these countries still encourage the growth and development of labor-intensive […]

Oil Exports from Middle-eastern Countries

Introduction The discovery of oil affected the Middle Eastern economy in mostly positive ways. However, these positive results created a domineering attitude in which Gulf countries sought to use their superior economic position to advance political agendas. This approach has yielded undesirable results in targeted and untargeted countries. Therefore, Middle Eastern countries should avoid the […]

Decline in Oil Supply from the Middle East

Introduction Oil is a natural resource drilled from countries that have oil deposits. The Middle East relies heavily on oil exports to finance various projects. However, there are fears of a shortage of oil deposits in the coming years due to over exploitation of this resource. This region will not have adequate oil deposits to […]

“Africa Open for Business” by Carol Pineau

“Africa Open for Business” is a fascinating documentary by Carol Pineau that attempts to dispel the myth that Africa is a risky continent for investment. The documentary reveals that, despite the many challenges Africa is facing, Africa remains a strong investment destination. The documentary does this by narrating success stories of ten different African entrepreneurs […]

Marxist Critique of Capitalism: Expropriation of Surplus Value

Explain in detail Marx’s idea that capitalism is unjust because it involves the expropriation of surplus labor, as we have discussed this idea in class. Explain exactly why one might think this is a serious objection. How could a defender of capitalism best reply? Do you think the defender’s reply is convincing? Explain why or […]

Chinese Products

Introduction In today’s globalized society, international business has largely expanded from the provision of quality goods and services. Increasingly, customers enjoy multiple options for sourcing products and services. Since many options for sourcing goods exist, the provision of quality products stand out as an important factor in making wise purchasing decisions for most importers. China […]

“The Big Short” by Michael Lewis

Michael Lewis uses his book “The Big Short” to analyze the events that led to the credit bubble in the United States in the late 2000th. He gives the book a subtitle “Inside the Doomsday Machine”. Symbolically, this compares a credit bubble to a doomsday machine. Thus, ”being inside” refers to the process of understanding […]

Owner’s Equity

Preferred and common stockholders have some interests in organizations which are referred to as owner’s equity. Investors contribute to the capital of a corporation through the purchase of stocks sold by the corporation without the use of a secondary market (Pratt, 2010). This type of capital is referred to as paid-in capital. The total paid-in […]

The Post-oil Future for the Gulf States

For several decades, oil had been the largest source of revenue for states in the Arabian Gulf. The increasing global consumption of oil has greatly boosted the economies of states in the Arabian Gulf, which thrive on the billions of dollars obtained annually through the sale of oil and oil by-products. However, the realization of […]

Future of the World Bank

The article ‘The World bank of the future’ gives an insight into the contributions made by the World Bank to the development of the world economy. It assesses the available means that can be used to eradicate poverty. As such, countries that defaulted payments should be offered funds with rational restrictions to avoid suffocating the […]