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Economics Essays

Correlation Analysis Between Car Prices and Economic Factors

Introduction This study examines the factors affecting the price of cars in the USA. The research focuses on several economic factors, including Gross Domestic Product, Unemployment rate, Inflation, and interest rates and their impacts on the average price of cars. Several studies have been carried out to determine the association between car prices and macroeconomic ... Read More
Pages: 13       Words: 3491

Basic Economic Problem

The basic economic problem that every individual, business and country faces is the matter of scarcity and how to effectively make and allocate their scarce possessions (Austin Community College District | Start Here. Get There, n.d.). They deal with the matter of how, what, and for whom to produce using the available scarce resources. Scarcity ... Read More
Pages: 2       Words: 546
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Evolution and Impacts of Tasmania’s Trade Patterns

Question 1 Pattern of Trade for Tasmania The Department of Foreign Affairs and Trade (2013) reveals that over the period, the pattern of trade for Tasmania has evolved due to technological changes, trade dynamics globally, changes in demand, especially for Tasmania exports, and economic policies. In the late 20th century, Tasmania Island was recognized for increased ... Read More
Pages: 5       Words: 1242

Comparison of Brazil and Singapore for International Business

Overview Brazil has abundant resources such as natural gas and oil products. The resources aid Brazil to have an upper hand in international commerce than most of the other nations. The Amazon Rainforest is located in this large country that creates a distinctive triangle across the eastern coast of South America. Spirituality, music, and food ... Read More
Pages: 13       Words: 3461

Understanding the Obsolescing Bargaining Model and Strategic Integration Choices in Business

The Obsolescing Bargaining Model (OBM) illuminates the complex foreign direct investment (FDI) tango between multinational companies (MNCs) and host nations. This conceptual framework assumes that technology, market dynamics, and regulatory environments influence the delicate balance of power between these two institutions. The OBM convincingly argues that their original agreements may become obsolete, necessitating renegotiations and ... Read More
Pages: 3       Words: 641

The Beneficial Impact of Walmart on Our Community

Introduction Walmart, the mammoth retailer, has sparked fervent discussions regarding its impact on nearby neighborhoods. While dissenters frequently emphasize worries about mom-and-pop establishments, worker salaries, and the influence on local financial systems, this paper endeavors to illuminate the advantageous elements of Walmart’s existence in our locality. Despite the censures, Walmart is pivotal in stimulating economic ... Read More
Pages: 3       Words: 662

The Impact of “The Temporary Lifting of Work-Hour Limit on International Post Secondary Students in Canada” on the Canadian Economy.

Introduction There is a constant evolution in the global landscape of labour markets. This evolution is influenced by myriad factors ranging from economic conditions to government policies, thus affecting both workforce and economic statuses in different ways. For instance, the labour shortage in Canada is a current crisis facing the country and has attracted significant ... Read More
Pages: 3       Words: 653

Supply-Side Theories of Entrepreneurship

Essay Question: Explore “supply-side” theories of entrepreneurship, starting with the “Weber thesis.” How does the availability of suitable agents impact entrepreneurial roles? Entrepreneurship is essential to innovation and economic growth (Lecture 3). Several theoretical frameworks have been established to help understand the complexities of entrepreneurship. The “Weber thesis,” for example, offers a supply-side view of entrepreneurship. This ... Read More
Pages: 3       Words: 698

Managerial Economics of Non-Profit Organizations

Non-profit organizations are pivotal in addressing social needs and fostering positive societal change. Despite their noble intentions, these organizations often need help efficiently allocating limited resources to achieve their missions. Managerial economics, a discipline that applies economic principles to decision-making within organizations, offers valuable tools and insights that empower non-profits to optimize resource allocation, analyze ... Read More
Pages: 10       Words: 2584

The Impact of International Trade on Emerging Economies

International trade substantially impacts emerging economies like China and Eastern Europe since it shapes their political and economic landscapes. Over the years, globalization and the rising interconnectedness of countries have resulted in an exponential development of international trade. The situation has promoted the exchange of products and services globally, generating multiple effects that influence emerging ... Read More
Pages: 5       Words: 1310

Why This Study Has Selected Oman for Application of Study.

Trading activities, fishing, and the oil sector have been considered key segments of Oman’s economy. In 1964, oil was discovered in Oman which triggered an increase in export and production (Alraja et al., 2021). Currently, Oman’s regime has introduced new strategies to diversify away from oil under its Oman policies and privatization. Oman was selected ... Read More
Pages: 9       Words: 2299

How the Popular Countries Are Facing Recession

According to the United States-based National Bureau of Economic Research (NBER), a recession occurs when real GDP, unemployment rate, income, industrial production, and wholesale-retail sales fall significantly within a few months (Arteta et al., 2019, para.7). recession occurs when there is a continuous increase in the prices of commodities with little economic growth. Since the ... Read More
Pages: 8       Words: 1927

Report: International Terms of Trade

Introduction In the unique universe of worldwide trade, the agreements under which goods and services are traded between nations assume a significant part in forming worldwide monetary connections. This report digs into the many-sided domain of worldwide terms of trade, zeroing in on unambiguous points shrouded in the last option part of the course. As ... Read More
Pages: 9       Words: 2378

Causes of Unemployment in an Economy

Introduction Unemployment is a state of being unemployed despite one’s ability and willingness to work, yet one cannot find any income-generating activity to earn capital. Unemployment is a key indicator of the health of an economy. The government collects unemployment data in different ways, yet many governments may offer unemployed individuals some money through unemployment ... Read More
Pages: 4       Words: 905

Analysis for Cost Benefit

Purpose The study is purposed to first attempt to account for the fiscal impact of refugee resettlement in the local government in the United States. The fiscal analysis, in this case, is very different from the benefit and cost analysis and the other economic studies that track the flow of the public resources used and ... Read More
Pages: 15       Words: 4022
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