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Economics Essays

Pre-20th Century Economist: Roman Inheritance

Adam Smith, named one of the most prominent thinkers of the Scottish Enlightenment, occupies a central place in the book of economic history. Employing this treatise, “The Wealth of Nations,” which represented the beginning of modern economics, Smith laid the ground for such a thought and influenced the path of economic thought and policy. The ... Read More
Pages: 10       Words: 2494

Globalization: The Double-Edged Sword of Economic Opportunity and Inequality

Globalization, as a phenomenon of connectedness and integration across the global economy, society, and politics, harbors both promises and perils. it encourages cross-border goods and services that may fuel growth but also worsen income disparities and social injustices because it benefits ‘haves’ more than ‘have-nots.’ This essay probes through the multifarious determinants of globalization from ... Read More
Pages: 6       Words: 1395
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Commentary: The Effect of Taxation on Tobacco Use

While tobacco products are on the one hand, society is broken on the other, as evidenced by the article “Economists, health experts push for a steep increase in tobacco taxes.” This article will look at price elasticity for smokers and how pricing influences consumer behavior and rationality. In microeconomics, price elasticity of demand refers to ... Read More
Pages: 4       Words: 993

Market Concentration and Antitrust Law

Antitrust laws promote rivalry by restricting a company’s ability to dominate a specific market. This frequently entails dismantling monopolized businesses and ensuring mergers and acquisitions do not unduly concentrate market power or create monopolies (Twin, 2023). The purpose of antitrust laws is to safeguard and encourage rivalry in all business spheres. The three critical pieces ... Read More
Pages: 4       Words: 864

Negative Influences of Stadium Subsidies on a Local Community

Economic Growth  Stadium subsidies can lead to increased economic growth in the local community. Abbiasov et al. (2022) argue that the primary reason is that there will be an increased number of visitors to sports games and events. The primary businesses that benefit from these subsidies include restaurants, hotels, and shops. These businesses’ standard operating ... Read More
Pages: 3       Words: 761

Topic: Income and Wealth Inequalities in Canada.

Introduction Recent public attention has focused on income and wealth inequality in Canada. Policymakers are being challenged to address the widening wealth disparity. Income and wealth inequality is the uneven distribution of income and wealth among households and individuals. Numerous studies have shown that these inequities continue to harm Canada. Thomas et al. (2019) debate ... Read More
Pages: 13       Words: 3345

Comparison or Contrast of the Role of Science/Technology in the Economy

Introduction Simply put, technology encompasses a means of exploiting and harnessing nature for our benefit. Therefore, science and technology consolidate knowledge for practical purposes such as economic growth. It helps carry out the socio-economic activities. Manufacturing is a critical phenomenon that can be looked at as technology. It involves handling materials and end products through ... Read More
Pages: 6       Words: 1635

The Economic Impact the Detroit Lions Have on the Economy

Introduction Sports are crucial for the city’s economic development through increased business activities in transport, tourism, hospitality, and retail enterprises. Sporting activities increase the money supply in the city economy due to increased spending from sports fans across different cities and regions (Dixon et al., 2023). The Lions of Detroit are the keystone in the ... Read More
Pages: 10       Words: 2625

Exploring Microeconomic Impacts

Despite the challenges ahead, big IT corporations should be ready to confront different antitrust cases that can change the market dramatically in 2024 (Wolfe, 2024). This was led by the increasing number of complaints about big online firms’ monopolist and oligopolistic tactics, which are the subject of many legal actions and investigations. As per the ... Read More
Pages: 3       Words: 597

Social Entrepreneurship Powering Communities: Addressing Social Issues and Promoting Development

Entrepreneurs serve as societal problem solvers, generating cash by providing solutions to market inadequacies. Anxious people are inspired to start businesses for a variety of reasons, including economic, sociological, and political considerations. A variety of challenges encourage an individual to pursue a career in social entrepreneurship. An individual with shoemaking experience may choose to start ... Read More
Pages: 6       Words: 1431

The Beef Market

The beef market is witnessing steep price swings. The paper focuses on price fluctuation due to the shift in the supply or demand, analyzes the price elasticity of demand and supply of beef products, evaluates the long-term impact of these elasticities and proposes the implications of a government influence in the market based on the ... Read More
Pages: 3       Words: 791

Global Economics and Currency Systems

A gold standard currency is a system where the value of money in specific countries straightforwardly depends on a specific weight and number of grams of unadulterated gold. In contrast, Fiat money has no sponsorship from a genuine ware such as gold; its value arises from individuals’ trust in the government issuing it and its ... Read More
Pages: 5       Words: 1169

The Impact of the Business Environment on Economic Growth Prospects Across Sadc Countries

Introduction The Southern African Development Community (SADC) is a regional intergovernmental organization encompassing 16 nations in southern Africa, from South Africa to the Democratic Republic of Congo (Pretorius et al., 2021). The SADC member states exhibit significant heterogeneity in economic performance, with countries at varying levels of growth and development. A nation’s business environment, influenced ... Read More
Pages: 7       Words: 1870

Nursing, Economics, Government and Law

Understanding the complex relations of how policy decisions interrelate with the funding made available and how these decisions result in the consequent impact on community health lies at the core of the assessment of the effects of health policy and financial implications on the delivery of health care at an international, national, state, and local ... Read More
Pages: 3       Words: 752

Demand and Supply

Introduction In the current world, one can go and buy a product double the price that they both the previous day and wonder what are the causes the huge price increase. Such market dynamics can be properly explained by demand and supply concepts. Demand and supply are key components in economics and are considered the ... Read More
Pages: 4       Words: 978
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Essays On Economics

Economics explores the way societies use their resources and make decisions, so it’s a very relevant topic. It’s also very interesting because, the more you understand economics, the more you can see its workings in almost every aspect of our lives. Whether that’s business, politics, and even the way we relate to one another in society.

Economics is undoubtedly vital and it has incredibly powerful implications. It drives so much of our society, so that’s essential to highlight and help your readers grasp it. The more we understand economics and its workings, the better. Your essay on economics can help bridge a knowledge gap and even open readers’ eyes to how omnipresent economics really is. If you’re particularly interested in economics, we encourage you to rely on that and leverage your perspective on the topic.

Whatever path you want to take with your essay on economics, make sure it provides your readers with something of value. Make it compelling and engaging. Also, find ways to make it easier to digest, especially if you’re focusing on complex aspects of economics.

Overall, it’s not an overstatement to say economics runs the world in many different ways, so make sure your essay provides the means to understand how that is and why readers should care. Offering personal examples and combining them with persuasive data can make your essay on economics a lot more impactful.

It could also be impactful to highlight the consequences of ignoring the impact of economics and taking no interest in understanding it. Entire armies of economists exist around the world to measure, analyze, and calculate. You can base your arguments on their findings and the things they have done to shape the world of economics.

There’s no denying that economics influences almost every aspect of our lives. If you show that in your essay and also provide readers with examples of how to navigate things like inflation, the use of wealth, and more, you will be helping them make better decisions and be more prepared to navigate the world, which is heavily influenced by economics and its workings.

If you still don’t know how to start, essay examples on this page may help you set your thoughts and start writing.

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