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Economics Essays

Analyzing China’s Economic System and Its Impact on Citizens and Global Relations

Being the world’s largest populated country, China has been undergoing an economic transformation, merging socialist ideology with market-driven reforms, which served as an excellent sample to investigate the relationship between governmental systems, economic systems, and socio-cultural outcomes. China’s economic emergence as a powerful follower of the transformation from a centrally planned economy to a socialist ... Read More
Pages: 5       Words: 1202

The Structure and Impact of Monopoly Markets

A monopoly is a market structure where there is only one supplier or provider(Steinbaum, 2022). The second reason to indicate why they have a wide effect on producers or sellers is the fact that this one supplier can completely dominate the whole supply market. In these circumstances, the monopolies are liberal in fixing their prices ... Read More
Pages: 4       Words: 1071
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Leveraging Big Data for Enhanced Demand Forecasting in Managerial Economics

Consumer forecasting is a significant component of managerial economics, which provides a basis for making strategic decisions in different sectors. This process is developed by studying historical data, market trends, and other articulated variables to forecast future demand for a product or service. Correctly forecasting demand is a key managerial tool for smooth production, inventory ... Read More
Pages: 9       Words: 2448

Implementing Universal Basic Income as a Sustainable Solution to Address Income Inequality and Economic Instability

In the past decade, the vision of Universal Basic Income (UBI) has mounted as an alternative approach against rising economic inequalities and chaos. Universal Basic Income, a policy of payment where every citizen gets a particular unconditional and regular sum of money from the government, is a matter of lively debate nowadays among economists, politicians, and ... Read More
Pages: 4       Words: 1052

The Federal Reserve’s Inflation “Target”

The Federal Reserve’s stated mandate for monetary operations, as granted by the Federal Reserve Reform Act of 1977, contains maintaining a “price stability” level. Since then, the Fed has tacitly adopted 2% annual inflation as the yardstick for price level. This essay analyzes the history of the Fed’s inflation target setting, gives a critical insight ... Read More
Pages: 6       Words: 1515

“Unemployment Casts a Shadow Over California’s Economy”

The news article “Unemployment Casts a Shadow Over California’s Economy” discusses California’s economic difficulties, although it has captivating historical information. However, the state needs help with the challenge of unemployment since it is one of the regions that presented high rates of 5.1% (Lee, 2024). The slow job development in tech-centric places such as the ... Read More
Pages: 3       Words: 736

Incentives and Monopolies

The other day, I came across a news article about a new tax incentive introduced by the local government to support the implementation of electric vehicles (EVs) in the city. The story immediately caught my attention, as it matches the economic notion of incentives we have broadly covered in the course. The root of the ... Read More
Pages: 4       Words: 878

Issue Analysis Paper: Discussion of a Research Paper

In their article ‘The Effect of Job Loss and Unemployment Insurance on Crime in Brazil’ (2020), Britto et al. (2020) study the mechanism through which being laid off leads people to commit a crime and whether unemployment benefits can counter this tendency. The study is critical because Brazil has a high crime rate, and understanding ... Read More
Pages: 4       Words: 964

Beyond Transaction Costs: Reevaluating Corporate Strategy and Firm Boundaries in the Modern Economy

This analysis of the strategic field of business strategies introduces the ways of production and transaction costs, involving Williamson’s theorem of make or buy, affecting the decision on economising. It underlines that the TCE framework proposed by Argyres and Zenger has some weaknesses that can not fully describe the complexity of the corporate strategy. SupportingSupport ... Read More
Pages: 12       Words: 3111

A Proposal to Raise the Federal Minimum Wage to $15/Hour

Introduction In modern society, it is evident that people serve companies for many years but also have other sources of income for an extended period. Recent statistics show that 8.7 million Americans balance worked multiple jobs to make ends meet in 2024 (Naysmith, 2024). The rising inflation causes more people to manage more than one ... Read More
Pages: 4       Words: 977

Global Industry Context

Nature and Concentration The automotive industry is a large and complicated sector comprising designing, building, marketing, and distributing motor vehicles. Here, we are talking about the companies involved in the production of cars, trucks, vans, and motorcycles and also in the supply of parts and components used in the assembly of vehicles. Concerning the industry ... Read More
Pages: 5       Words: 1294

California Budget Process

This paper discusses the perplexity of the California State Budget Process, one of the governance systems incorporating distinct characteristics such as direct democracy, state fiscal policy, and lobbying. California is well-known for its enormous economy and diverse population that, a sophisticated and clever governance institution undertakes. Constituting the core of this constitution is the budget ... Read More
Pages: 6       Words: 1533

Tax Treatment for Gambling

The gaming industry has quickly become a game-changing phenomenon, now a multi-billion-dollar global powerhouse. This unprecedented expansion, primarily from online gambling, traditional casinos, and sports betting businesses, gave rise to many gambling tax regulations. The heart of the matter is the different tax duties related to such processes, such as complicated reporting procedures, different tax ... Read More
Pages: 10       Words: 2669

The Microeconomics Anti-textbook: A Critical Analysis of Market Structure and Efficiency

Key ideas in microeconomics which impact how individuals understand market dynamics and resource allocation are market structure and efficiency. These ideas are investigated critically in Rod Hill and Tony Myatt’s “The Microeconomics Anti-Textbook,” which challenges the traditional understanding that is frequently present in mainstream economic education. Textbooks in the microeconomics tradition present a perfectly working ... Read More
Pages: 4       Words: 901

Comprehensive Economic Analysis and Policy Recommendations of Zenco

Introduction  This paper will show that I can handle these situations delicately and can also be very innovative when it comes to solving those complicated economic issues. Through a comprehensive examination, analysis of key macroeconomic parameters, identification of problems, and development of prudent policy options for the Zenco economy, I aspire to develop my expertise ... Read More
Pages: 12       Words: 3078
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