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Economics Essays

Impacts of Cultural Diversity on the Promotion and Growth of International Entrepreneurs in the Food Industry

Abstract The study aimed to determine the impacts of cultural diversity on the promotion and growth of international entrepreneurs and ascertain the correlation between cultural diversity and the rise of foreign entrepreneurs. The study adopted an inductive method, a model of interpretative research that entails acquiring data and formulating a hypothesis due to data analysis ... Read More
Pages: 41       Words: 11030

The Impact Of The Western Sanctions On The Russian Economy

The US and EU member countries have imposed and are considering more sanctions that are targeted at the Russian economy. They are aimed at limiting the country’s ability to fund the existing war with Ukraine, where the Russian administration is considering annexing some of the regions in Ukraine. Western nations have prevented Russian oligarchs from ... Read More
Pages: 6       Words: 1551
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Comparison and Contrast of Marx and Weber’s Theories of Capitalism

Marx and Weber are two influential figures in science. Even now, many people read their outstanding writings on capitalism. It is interesting how they view capitalism from such different angles. Capitalism has a significant influence on society. Thus it has always been the main point of discussion between Marx and Weber. Because they were well-known ... Read More
Pages: 11       Words: 2932

Russia’s Current Economic Situation

Economists predicted a significant fall in the Russian economy due to the escalating conflict between Russia and Ukraine. The Russian economy is currently in a recession due to Moscow sending its military service men into Ukraine on February 24. Consequently, this nation’s energy and banking segments have been subject to extensive foreign restrictions, the freezing of Russian ... Read More
Pages: 3       Words: 617

Oracle Corporation Company Analysis

Introduction Oracle Corporation is a multinational computer technology company based in Redwood Shores, California. It is the world’s second-largest software company after Microsoft. Oracle specializes in developing and marketing computer hardware systems and enterprise software products. In addition, the company was founded in 1977 by its CEO, Larry Ellison, and two of his former colleagues, ... Read More
Pages: 6       Words: 1478

Opportunities and Challenges Associated With Transboundary Resources in Africa

Introduction Transboundary resources refer to resources located in more than one country or across international borders. These resources include water, minerals, forests, and wildlife in Africa. The continent is rich in natural resources, and they are a significant source of income and employment for many African countries. However, the management and distribution of these resources ... Read More
Pages: 4       Words: 830

Nature of High Inflation Rate

The current debate over inflation and the economic consequences of contractionary monetary policies has been ongoing—the U.S. The Federal Reserve, as well as other major central banks, have implemented procedures to counter the high inflation rate to either achieve a hard landing (recession) or a soft landing (growth slowdown without a recession). The proponents of ... Read More
Pages: 7       Words: 1689

Key Findings on the Causes of the High Inflation Rate

The Russia-Ukraine war offers entrepreneurs, company leaders, and policymakers a new challenge regarding its economic impact. Covid-19 had already disrupted the global economy two years before the war, and economies, especially in emerging countries, were beginning to recover. With the war causing supply and price shocks, most countries having close trade ties with Russia or ... Read More
Pages: 14       Words: 3724

Implications of Russia-Ukraine War and Inflation Trend in Mauritius

Introduction Economic performance is affected by macroeconomic factors such as inflation and unemployment. It is the role of the government to ensure that the inflation rate in the country is maintained at manageable levels. Every government will face economic growth problems and create policies that will provide consistent economic growth. Some factors will affect the ... Read More
Pages: 17       Words: 4565

Effect of Microfinance Services on the Growth of Small and Medium Enterprises (SMEs)

Microfinance services have so many effects on the enhancement of small and medium firms. The microfinance sectors, such as micro-insurance, micro-credit, and micro-savings, have significantly impacted the growth of such firms. These enterprises are crucial for the development of any economy. Microfinance services are financial services specifically designed for low-income and underserved groups. These services ... Read More
Pages: 6       Words: 1419

Decision Making Skills

Introduction Decision-making is an essential part of our lives, and we make decisions every day. As humans, we are capable of making a wide range of decisions, from simple, daily choices to more complex, tougher decisions. However, due to the complexity of real-world decision-making, the decisions we make in different areas of our lives can ... Read More
Pages: 6       Words: 1447

Withdrawal of Fuel Subsidy in Kenya on Grounds of Unsustainability

The partial elimination of fuel subsidies, which caused diesel and gasoline prices to reach an all-time high, resulted in savings for the Treasury of approximately Sh9.49 billion. The same day the newly elected president declared subsidies unsustainable, the commission eliminated the gasoline subsidy, which may have increased inflationary pressure. It reduced the reliefs on paraffin and ... Read More
Pages: 5       Words: 1335

Interest Rate and Inflation

Introduction There is widespread agreement on the fundamentals of monetary policy, providing a common foundation for debates about the precise measures that should be used in different circumstances. The central tenets of this agreement are that monetary policy should be implemented, that emphasis should be placed on price stability, and that higher or short-term interest ... Read More
Pages: 9       Words: 2418

Case Study on Price Elasticity

Introduction Price elasticity is the percentage difference in the quantity of demand in correspondence to price changes. In economics, the prices of commodities directly impact the market. In layperson economics, the lower the commodity price, the higher the demand (Gabaix and Koijen, 2021). In price elasticity, producers seek to maintain the need for goods even ... Read More
Pages: 7       Words: 1800

Free Market Economy

An economy is responsible for dealing with the state of affairs in the production, distribution and consumption of goods and services. It is also involved in money circulation in a particular region or country. An economic system is a planned and organized way in which a nation or state allocates its goods and services in ... Read More
Pages: 4       Words: 1092
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