Economics Essays

Economic Stability and Access to Healthcare Services

Introduction Economic stability is a factor that significantly affects the accessibility of healthcare services to different individuals. As a domain and part of Social Determinants of Health (SDoH), this factor plays a significant role in accessing healthcare services. I have witnessed situations through which finances have been a major challenge and obstacle to individuals accessing ... Read More

Pages: 4       Words: 1055

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Critiquing Capitalism in Different Sources: The Theme of Capitalism in Demuth’s Book

Integrating different literature sources is one of the critical approaches to enhancing understanding of important phenomena that might have affected society in a specific period or exist within a society. Analysis of Bathsheba Demuth’s “Floating Coast” alongside two other secondary sources offers a comprehensive understanding of several themes, such as energy, capitalism, and environmental change. ... Read More

Pages: 5       Words: 1107

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Understanding Consumer Behavior in the Ukrainian Market

Russia’s continuing invasion of Ukraine has had a shocking effect on the nation’s economy and civilization. As Ukrainians endure immense adversities, their consumer behavior and buying preferences have been modified based on monetary limitations, product obtainability restraints, and a logic of national solidarity. The report examines the aspects influencing purchaser behavior and preferences in Ukraine ... Read More

Pages: 3       Words: 672

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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