Economics Essays

Impact of USA Economic Espionage Act of 1996 on Business Environment

Introduction Every year, the American economy spends billions of dollars on economic espionage. In addressing the increasing theft of trade secrets, the Economic espionage act was enacted by Congress in 1996. According to Evans, M. (2018), the main objectives of EEA are to protect secrets regarding to trading against anyone unauthorized and to secure the ... Read More

Pages: 4       Words: 1065

View Sample

Impact of Trade on Society

Trade organization was a significant foundation for the impact of cultural exchange between 1495 throughout 1775. This was a period where colonization had rooted most of the European regimes as they scrambled to get a share in other parts of the world. The comic encounters between Americans and European people varied as time progressed, impacting ... Read More

Pages: 3       Words: 711

View Sample

Impact of Political Unrest and Violence on Institutions and FDI

Abstract A country’s economic stability relies on its corresponding political stability, allowing foreign and domestic investors to devote themselves to its business space. Political instability is a primary factor discouraging FDI since such investors may not find it a favorite to determine the correct location of investment alongside the amounts to put into the business. ... Read More

Pages: 17       Words: 4430

View Sample

Winners of the Low Touch Economy

The “Winners of the Low Touch Economy” report details how society and the economy have changed due to Covid-19. Low-touch encounters, health and safety regulations, novel consumer habits, and long-term structural changes in key industries are all hallmarks of this period. The report details how businesses may rebound and expand in the face of the ... Read More

Pages: 7       Words: 1794

View Sample

The Role of Government and the Impact on Politics

The main aim of government involvement in the economy entails providing social services and a legal framework that allows equal distribution of goods and services in the economy. Government involvement helps to protect consumers from exploitative private entities and ensure equitable distribution of goods and services in the economy. Through specific state and federal agencies, ... Read More

Pages: 5       Words: 1345

View Sample

The Concept of “Invisible Hand” in Economics

The word invisible hand in economics is a metaphor that signifies all the unseen forces moving the free market economies. The best interests of society are always fulfilled through the consideration of the freedom and self-interest of different individuals to consume and produce. A constant interplay of personal pressures on market demand and supply results ... Read More

Pages: 3       Words: 606

View Sample

State of the Economy Project

Introduction This paper aims to provide information concerning the economy and explain in detail some of the economic concepts that are vital to understanding how a country’s economy functions. Economic Indicators For starters, economic indicators inform economists and investors about the economy’s progress, specifically whether an economy is expanding or contracting. Essentially, economic indicators use ... Read More

Pages: 7       Words: 1855

View Sample

Most Important Debatable Economic Problem in 20 Years

Introduction According to a UN estimate, the world population will increase to 8.5 billion people by 2030. Consequently, the world must start planning now to ensure that sufficient food is produced to sustain the expanding population. Most governments and non-governmental institutions have heavily invested in the agriculture industry to provide enough food for the people. ... Read More

Pages: 6       Words: 1619

View Sample

Minimum Wage in the USA

Introduction The federal minimum wage in the United States currently stands at 7.25 USD per hour. This standard has been enshrined in the Fair Labor Standards Act. A minimum wage is crucial for low-income families to make ends meet. Statistics show that an hourly wage of 7.25 USD for a family of three would still ... Read More

Pages: 8       Words: 2140

View Sample

Market Structures and Pricing

Abstract Market structures play an integral role in society due to the determination of how people will create, offer or exchange products and services of value. Hence, the structures describe the competitive landscape for the commodity or service. The market comprises the firms and customers willing to sell and buy the actual product or services. ... Read More

Pages: 12       Words: 3207

View Sample

Implementation Plan for a New Economic Opportunity

The economic initiative proposed to Northwell Health is the establishment of a cafeteria with healthier and organic options to improve the health of patients, employees, and visitors through a partnership with Whole Foods Market. Whole Foods Market is a USDA Certified organic grocer that sells products free of hydrogenated fats and artificial colors, flavors, and ... Read More

Pages: 6       Words: 1616

View Sample

Impacts of Losing a Job on Standards of Living

A job is a fundamental aspect of life. As of 2021, 59% of the US population relied on their jobs for individual basic needs and providing for their children (Statista 1). Besides, nearly every individual is introduced to education and other activities necessary to provide adequate and relevant skills to help them get a decent ... Read More

Pages: 3       Words: 694

View Sample

Hyperinflation in Argentina

Introduction In the economic world, most countries at one time have experienced Hyperinflation, which has had a significant economic impact on a country’s growth. Hyperinflation is defined as an excessive increase in prices in an economy. Hyperinflation can be confused with inflation, but these two differ. As inflation focuses on measuring the pace at which a country’s ... Read More

Pages: 11       Words: 2753

View Sample

Grocery Sector in New Zealand

Executive Summary The report represents New Zealand’s study of the retail grocery sector. From the report, it is evident that groceries are a vital part of household consumption. The report indicates that over $22 billion was spent in 2021 purchasing groceries from supermarkets. The study’s main outcome was that competition has not been effective among ... Read More

Pages: 12       Words: 3107

View Sample

Economic Inequity in Australia

Background Economic inequity is the unequal distribution of income and economic opportunities between different people and groups in a society. Economic inequality is a concern for all nations all over the world. Considering the world wealth distribution, the majority of wealth is held by a few nations or individuals, with a good number of the ... Read More

Pages: 6       Words: 1596

View Sample