Over the past 38 years, there have been several economic changes in Cuba, especially in terms of institutional and quantitative information. This has made it difficult to obtain accurate statistical data. It is important to study the evolution of macroeconomic indicators in order to arrive at a formal economic analysis. The process of economic reforms … Read more
The theory of consumer behavior assumes that people are rational and will make decisions that maximize their utility. This means that people will weigh the costs and benefits of every purchase and decide whether it is worth it to them. People are also assumed to be able to make these calculations quickly and accurately. This … Read more
What’s the difference between economics and managerial economics? Economics is the study of how people use resources to produce goods and services. It focuses on the behavior of individuals, firms, and governments. Managerial economics applies these concepts to help managers make better decisions. Microeconomics is a branch of economics that studies how people use resources. … Read more
There is no simple answer to the question “is free trade fair?” because there are many factors to consider. Some people argue that free trade is essential for global economic growth, while others contend that it can lead to exploitation and unfair working conditions. On the one hand, proponents of free trade say that it … Read more
The long tail phenomenon is a key economic concept that describes the tendency of businesses to focus on selling large volumes of popular items, while neglecting smaller, less popular items. This results in a situation where the total revenue from sales of these less popular items (the “tail”) can actually exceed the revenue from sales … Read more
There is no question that telecommunications plays a vital role in the Canadian economy. The sector directly employs over 100,000 people and contributes billions of dollars to Canada’s GDP each year. The economic impact of Canadian telecommunications legislation has been the subject of much debate in recent years. Some argue that the current regulatory framework … Read more
Asia is a region that has been greatly affected by globalization. This is evident in the way that business and companies have flourished in the region. Corporations are now able to operate in multiple countries, and business transactions can be conducted quickly and efficiently across borders. Asia’s globalization has also led to the rise of … Read more
The Trans Mountain pipeline expansion is branded as a project that is going to increase revenues to 73. 5 Billion dollars, employment, tax benefits, and return any farmland or wetland they disturb back to it’s place (Trans Mountain, 2014). Though, Trans Mountain is persuasive as to how the pipeline will protect the environment and indigenous … Read more
Furthermore, Clarke & Cornish (1985), note that it is important to understand the why behind the commission of criminal offending. We have moved past an era where we blame just or genetics, the researchers and authors presented this semester are interested in learning more about the how, why, and the belief system to get a … Read more
When everyone thinks of a recession they think of the great 1930’s depression and the causes of it. However, just recently back in 2008 the United States also felt the effects of a recession that still lingers today. A recession is defined as a significant decline in activity across the economy, lasting longer than a … Read more
The field of social work encompasses the need for action and change. Social work practitioners advocate for and facilitate change at various levels of society, including individuals (micro), small groups or communities (mezzo), and organizations or government (macro). Macro-level advocacy and intervention efforts work to address problems of diverse populations, such as issues of civil … Read more
Classical economists analyzed the nature of value primarily on the labor theory. Without a clear grasp of the concept of demand, Smith, Malthus and Ricardo often raise confusing and self-contradictory explanations of the definition of “value. ” The utilitarianists, like Jeremy Bentham and J. S. Mill, offered a revolutionary approach to understand the demand-side of … Read more
The modern world has become economically characterized by the widespread expansion of capitalism through the embrace of competition within the free market. Two ideologies that attempt to achieve economic prosperity are Keynesianism and neoliberalism. Keynesianism, envisioned by John Maynard Keynes, attempts to provide equality of opportunity, in the pursuit of the common good by allowing … Read more
James Cypher exemplifies in his textbook The Process of Economic Development that the gross national income per capita, gross domestic product per capita, human development index, gender inequality index, and Kuznet’s Curve are methods of describing the inequality and poverty of a country. Each method catalogued by Cypher has strengths and weaknesses exhumed in the … Read more
The small but ever growing social movement, fair trade, attempts to oppose commodity fetishism and provide another option for the capitalist society is obstructed by the differences among all the participants of fairtrade in terms of their perceptions, intentions and interpretations of what constitutes “fair”. According to Kharel and Middendorf (2015) There are many differences … Read more
Coach Inc. operates in the luxury goods industry where it sells leather handbags, accessories and other leather products. The firm is among the best-known luxury brands in this growing submarket in North America and Asia. Within the luxury goods market there are three sub-categories: haute couture, traditional luxury, and accessible luxury. When Krakoff joined Coach … Read more
Every term the federal government provides grants to local and state governments. Those funds are accounted for federal outlays and a quarter of spending by local and state governments. Over the past years the intergovernmental grants from federal government that support state and local government that supports state and local programs have fluctuated. These financial … Read more
Monopolies and competitive markets can be seen throughout Australian society. Monopolies exist when there is a sole supplier selling unique goods (Pass, 2005), whereas competitive markets have many buyers and sellers competing against each other. This essay will focus on the difference between monopolies and competition, exploring the positive and negative aspects for both. Additionally, … Read more
I worked at Time Inc. , one of the biggest companies in the magazine industry, for the last two years as a data analyst. Time Inc. owns many of the major brands that people typically purchase such as People, Time, Sports Illustrated, Money, Fortune, and many more. The trends in this industry have led to … Read more
Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves. , Is it a good idea? Why does the U. S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable … Read more
During the 1920’s, the North American economy was roaring, but this decade would eventually be put to a stop. In October of 1929, the stock market began its steepest decline to this date in history. Many stock market traders and economists believe and pray that it was a one-shot episode never to be repeated. On … Read more
The subject matter that will be discussed within this paper are the effects of the IMF (International Monetary Fund) in relation(s) to South Korea and other neighboring Asian countries in the same economic distress. It will also tie into the use of media and other aspects of international communications Korea and the United States used … Read more