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Economics Essays

The Rise of Counterfeit Goods and How They Are Harmful to Society

Harmful counterfeit goods are on the rise in the United States. Counterfeit items are more relevant today than they have ever been! Counterfeit items are fraudulent copies made to resemble or function the same as a name-brand item. These items are cheaper to make. Therefore, they can sell for a lower price which can trick ... Read More
Pages: 7       Words: 1918

Unions and Labor Market Monopoly Power

Introduction The U.S. labor market has been impacted by complex economic forces during the last five years, affecting many employees’ pay and working conditions. The demand for labor at both the firm and market levels, the impact of minimum wage legislation on market equilibrium, the effects of outsourcing jobs on demand and wage rates, and ... Read More
Pages: 5       Words: 1152
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Apple Inc. v. Pepper et al. (2019)

Abstract The lawsuit concerning the conglomerate Apple versus Pepper and others (2019) focuses on a collective court case initiated against Apple by purchasers alleging anti-competitive methods in its App Store. The primary argument was Apple’s enforcement of a 30% tax on developers, resulting in excessive valuations for iPhone applications. This essay furnishes an exhaustive scrutiny ... Read More
Pages: 6       Words: 1388

Victorian Economy Strategy

Introduction The term “visitor economy” refers to the industry producing tourist goods and services. This industry includes direct service providers, like hotels, transportation companies, tour operators, attractions, intermediaries, and those indirectly involved, like food and retail. Thus, this acknowledges that tourism activity affects various industrial sectors and contributes to investment and employment. Therefore, the State ... Read More
Pages: 9       Words: 2451

The Belt and Road: Its Significance to China’s Vision As the World Power

Overview of the Belt and Road Project Also referred to as the New Silk Road, the Belt and Road Initiative (BRI)is a visionary project of China and is recognized as the most ambitious infrastructure project in the world. Publicized by President Xi Jinping in 2013, the enormous collection of investment and development projects was initially ... Read More
Pages: 10       Words: 2486

Inflation: Causes, Impact, and Policy Strategies for Reduction

The paper examines the concept of inflation and explains why it is seen as a critical government goal. It employs relevant economic analysis to determine if monetary policy is the appropriate technique for the central bank to utilize to lower inflation. As a result, the paper attempts to defend the idea of inflation and why ... Read More
Pages: 7       Words: 1880

Apple Inc.’s Economic Activities in China and the United States

Overview of the Company in China and the United States Apple Inc. is an American multinational corporation that focuses on technological innovation. Apple Inc. primarily manufactures iPhones, Macs, Apple Watches, iPads, iPods, and AirPods headphones (Levy, 2023), among other electronic devices. Apple has released several different operating systems, a browser for the internet, a musical ... Read More
Pages: 13       Words: 3424

Neo-Classical Assumptions and the Behavioral Theorists

Introduction The evolution of economic thoughts has witnessed enormous variations, from the foundational concepts of the Classical School to the emergence of Neo-classical economics and the extra latest introduction of Behavioral Economics. Each school of thought has contributed precious perspectives and tools to the knowledge of economic behavior and marketplace phenomena. The Classical School, heralded ... Read More
Pages: 5       Words: 1139

A Case Study of Amazon and eBay Companies

Introduction Globalization has presented diverse opportunities and challenges to businesses. Digital transformation has influenced businesses, especially e-commerce companies, to operate beyond borders. The power of adaptation, agility, and the desire to learn new things have affected the effectiveness of multinationals. Amazon is Jeff Bezos’s creation that first operated as an online marketplace in 1994 (Rikap ... Read More
Pages: 10       Words: 2489

PEST Analysis and Foreign Direct Investment: The Attractiveness of the United States of America

Introduction The case study analysis focuses on the United States of America (USA) and evaluates its attractiveness for foreign direct investment (FDI). The political, economic, socio-cultural, and technical elements that affect the nation’s investment environment will be evaluated using the PEST analysis framework (Çitilci & Akbalık, 2020). Thus, this study sheds light on the possibilities ... Read More
Pages: 6       Words: 1613

Technological Change and Employment

Introduction The project’s title for analysis is “Technological Change and Employment.” This subject matter is crucial in studying economics because it directly affects the labor market and workforce behavior. Anxiety about the effects of technological breakthroughs on jobs continues to rise as businesses and traditional ways of manufacturing continue to change. Fast advances in automation, ... Read More
Pages: 6       Words: 1466

Understanding Price Discrimination: Motives, Conditions, and Justifications

Introduction: Price discrimination is a pricing strategy employed using organizations to charge different charges to particular clients or businesses for similar products or services. This practice occurs in various industries and is pushed by unique elements and situations. In this discussion, we can discover why charge discrimination occurs, the conditions essential for its implementation, and ... Read More
Pages: 4       Words: 971

Negotiated Power in Market Transactions

Introduction Because they make it easier for people, corporations, and governments to trade products, services, and resources, market transactions play a crucial role in our economic systems. However, a complicated network of agreements and power relations lurks under the surface of these ostensibly easy transactions. We will examine how power disparities might affect the results ... Read More
Pages: 3       Words: 621

Consumer Policy Case Study: Automatically Renewable Contracts

Introduction Also referred to as rollover contracts, automatically renewable contracts (ARCs) are contracts that roll forwards at the end of a minimum contract period to a new one by default unless the customer actively informs the communications provider of cancelling it (Crawford et al., 2011). Typically, the contracts state that a service can automatically be ... Read More
Pages: 7       Words: 1813

A2 Assessment [Audit Failures – KPMG and Carillion Group Case]

1.0 A2 Assessment [Audit Failures – KPMG and Carillion Group Case] 1.1 Introduction Auditing in accounting refers to a process of examining or inspecting various books of account by a certified auditor to make sure that a company’s financial statements are accurate and follow regulatory guidelines (Schmitz and Leoni, 2019, pg. 338). Proper auditing is ... Read More
Pages: 9       Words: 2406
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