Essays on Economics

Introduction  John Maynard Keynes was a British economist who studied the economy as whole as opposed to different parts of an economic system. He challenged the classical economic assumptions and its basic economic concepts and its explanations. Keynesian Revolution Keynes explained how the participants like …

Ltd is exposed to foreign exchange risk because it buys some of its production inputs from overseas and pays for them in foreign currency; has sales revenue in foreign currency and competes with other manufacturers whose costs are denominated in foreign currency. The company imports …

According to the European competition case law, a dominant position is defined as “the power of a firm to behave to an appreciable extent independently of its competitors, customers and consumers”. It is obvious that a firm or several firms which hold a dominant position …

No economies of scale: increase in output has not effect on the AC, so the curve is flat and AC is constant Economies of scale: property of a cost function whereby the average cost of production falls as output expands Discomposes of scale: property of …

Personal selling involves a sales person persuading prospective buyers of a commodity or service to purchase it and is paid by the owner of the commodity from the sales they make. There are seven steps involved. The seven steps can be applied in the selling …

What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words, namely accounting and ethics. Fortes, (2011) believes that ‘accounting is the collection, measurement, analysis and reporting of events in financial terms. ’ While Karthik, (2010) believes that ‘ethics …

Marketing and promoting new technology has always been undemanding due to the growing trend in business and commerce of going electronic. However, not all technology is successful in their entry into the world of business. (more…)

Even today, almost 70 years after Roosevelt introduced his New Deal the question of whether or not it was a success is still unanswered. “This nation asks for action and action now…. we must act, and act quickly” 1 Roosevelt came to his position as …

A lot of entrepreneurs get discouraged because they don't have massive marketing budgets and assume there aren't effective ways to promote their business without deep pockets. This is far from the truth.Related: Even with an unlimited marketing budget, you still need to develop a creative …

Introduction The act of the National Revenue Authority came into being. The National Revenue Authority has a mandate to administer and collect all taxes, revenues and all penalties as stated in the NRA act. The purpose of the National Revenue Authority is to serve as …

Introduction The article ‘Competitor Analysis and Foothold Moves’ by Upson, Ketchen Jr. & Connelly, and Ranft renders an analysis of competitor dynamics and the shifts in the market place when competitors interact with market forces. Upson et al establish rivalry as the interaction between businesses …

Marketing and promoting new technology has always been undemanding due to the growing trend in business and commerce of going electronic. However, not all technology is successful in their entry into the world of business. (more…)

Personal quote: Through economics, engineer the world… ECONOMICS 232 BRAZIL- SA REPORT Introduction In 2010, South Africa joined The BRIC and set its level of ambition not only as an African leader, but also as an emerging world class economy along Russia, China, India and …

As India has liberalized its single brand retail industry to permit 100 percent foreign investment, we take a look at the regulatory issues and legal structures pertinent to establishing operations In this new dynamic market. That India should be well on the radar for foreign …

Executive Summary In order to respond to extreme demand variability and incidents of high stock out rates Barilla is currently applying pressure to both its’ manufacturing and logistics departments to restock distribution centres as quickly as possible. This is resulting in high distribution costs and …

Executive summary The report titled ‘Accounting Data in Productivity Measurement and Strategic Decision-Making’ provides an analysis and evaluation of how accounting data is used by companies to promote their profitability and to improve their productivity. Most of the data and information has been collected from …

The agricultural sector has been adversely affected by the economic meltdown that was experienced by the world economies in the year 2007-2009. Since most of the production by the small scale farmers is sold to the international market, the economic meltdown reduced the market for …

The odds are against all of us. If you have not already been notified that your personal information was involved in a data breach, then chances are you will be soon or your personal information was, indeed, compromised but it has not been discovered yet.The …

Paul Nasr is the president of Morgan Stanley (MG) who has nearly 20 years of experience in the capital markets business. He assumed the leadership of the newly created Capital Markets Services division. The Capital Markets division is an interdisciplinary entity created to serve as …

The agricultural sector has been adversely affected by the economic meltdown that was experienced by the world economies in the year 2007-2009. Since most of the production by the small scale farmers is sold to the international market, the economic meltdown reduced the market for …

The odds are against all of us. If you have not already been notified that your personal information was involved in a data breach, then chances are you will be soon or your personal information was, indeed, compromised but it has not been discovered yet.The …

Project 4 Written Outline Even in this economy it is still better to buy a home then rent. I. Why pay rent and make the landlord richer when you can own your own home for basically the same monthly payment and reap the tax benefits …

Baby boom is generally referred to the 18 years period from 1946 to 1964 that saw the birth of around 76 million babies in the USA. Today the baby boomers forms almost one third of the total American population and they have been instrumental in …

Project 4 Written Outline Even in this economy it is still better to buy a home then rent. I. Why pay rent and make the landlord richer when you can own your own home for basically the same monthly payment and reap the tax benefits …

Paul Nasr is the president of Morgan Stanley (MG) who has nearly 20 years of experience in the capital markets business. He assumed the leadership of the newly created Capital Markets Services division. The Capital Markets division is an interdisciplinary entity created to serve as …

This theory, known as import substitution industrialization, is largely considered ineffective for currently developing nations. 3] Disadvantages of tariffs[edit] The pink regions are the net loss to society caused by the existence of the tariff. The chart at the right analyzes the effect of the …

The agricultural sector has been adversely affected by the economic meltdown that was experienced by the world economies in the year 2007-2009. Since most of the production by the small scale farmers is sold to the international market, the economic meltdown reduced the market for …

The agricultural sector has been adversely affected by the economic meltdown that was experienced by the world economies in the year 2007-2009. Since most of the production by the small scale farmers is sold to the international market, the economic meltdown reduced the market for …

Income Elasticity of Demand is a measure of responsiveness of demand to the changes in income and it involves demand curve shifts. It provides information on the direction of change of demand, given a change in income and the size of the change. Formula for …

Britain with its most advanced technologies and largest colonization on Earth during the 1800s, had enjoyed its prosperity and fame for almost a century before WWI. The empire, with its 35-million square kilometres land, spanned a quarter of the globe. Its colonies laid across India, …