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Economics Essays

Embracing the Benefits of Working Less Than 40 Hours

Introduction The 40-hour Workweek is a historical and economic norm in modern labor. In the early 20th century, Ford Motor Company established the standard, believing that longer working hours would boost output. However, this conventional model must be reassessed as society and work change. This essay discusses the 40-hour Workweek’s origins and adaptations. A distinct ... Read More
Pages: 4       Words: 878

The Pros of Minimum Wages in the U.S.

Minimum wage debates in America are always difficult combinations of economics and socio-political ethics. This discussion is about “The Price of Equality,” an idea that highlights the importance of equality when it comes to employee wages. The minimum wage setting is essentially more than just a simple economic policy. It is actually an expression of ... Read More
Pages: 4       Words: 988
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The Dynamic Interplay of Transnational Corporations and the State in Shaping the Global Economy

1.0 Introduction The business field has experienced various changes in modern society. Globalisation is one of the aspects that has brought these changes by enhancing business activities across different countries (Dicken, 2015). For the global market to operate effectively, various forces are behind its success. Transnational corporations and states are some of the notable details ... Read More
Pages: 10       Words: 2482

A Comprehensive Analysis of Fiscal and Monetary Policies: Successes, Limitations, and Macroeconomic Solutions

Introduction: Macroeconomic policies constitute an essential component in economic administration, with fiscal and monetary policy being the most notable tools at the disposal of policymakers. This essay will examine these policies in detail, analyze them, uncover their limitations, and consider issues of the market dynamics, policymakers, and so forth. We will also consider approaches to ... Read More
Pages: 4       Words: 983

Analyzing the Impact of CPI and Exchange Rates on GDP Through Econometrics

Data The dataset comprised 187 observations across six variables, namely; date, GDP, CPI, Exchange rates, High and Low. These variables are crucial in understanding the dynamics of economic growth and are utilized in line with the study’s objective. Besides, by analyzing the data over different time points, the study aims to uncover patterns that contribute ... Read More
Pages: 3       Words: 812

Analysis of the Oligopolistic Market Structure in Which Apple Operates

Introduction The appropriation of an oligopolistic market structure has always been considered perfect due to the significant characteristics of smaller suppliers. The presence of a limited number of significant competitors allows for strategic interactions, including pricing and product differentiation (Muhamed & Magdy, 2020). In this market structure, the interplay between Apple and its major competitors, ... Read More
Pages: 6       Words: 1460

India’s Challenge in Navigating the Inflation-Recession Trade-Off in 2023

Introduction India faces a significant economic difficulty as 2023 progresses: a persistent increase in inflation. The country is at a crossroads where decision-makers need to carefully weigh the need to reduce inflationary pressures against the possibility of starting a recession. With an emphasis on India in 2023, this article examines the subtleties of the relationship ... Read More
Pages: 4       Words: 909

GDP Change in Italy

According to the post, Italy’s GDP shrank by 0.4% from quarter to quarter in the second quarter of 2023, marking a stop in the country’s economic recovery. The third quarter’s GDP is predicted to have stalled once again before beginning to expand somewhat in the fourth quarter. GDP growth is expected to be 0.7% in ... Read More
Pages: 4       Words: 1026

The Impact of India’s External Debt on the Country’s Economic Growth

Historically, India has had an impressive record of paying its external debt. According to Carg, this has been the case since 1947, when the country got its independence from Britain.[1] The country has always met its external debt obligations despite the fact that the country’s external borrowing increased at higher from the 1980s. However, international lenders ... Read More
Pages: 7       Words: 1799

Principles of Macroeconomics

Introduction There are macroeconomic factors that affect the growth of an economy. Such macroeconomic factors are external, and thus, they significantly impact an economy’s performance. Examples of macroeconomic factors that influence a country’s performance are the inflation rate, rate of interest, unemployment rate, tax rates, and currency exchange rate (Lee et al., 2021). This report ... Read More
Pages: 6       Words: 1470

Recovery From the COVID-19 Pandemic Economic Shock and the Economic Outlook (Comparison of Ireland and India)

Introduction The COVID-19 epidemic triggered a global economic upheaval that reverberated throughout countries. As nations strive to stabilize and promote economic development in a post-pandemic era, examining other economies’ paths and measures offers valuable points of comparison. This study analyses and compares the pandemic recovery strategies and present prospects of the Irish and Indian economies ... Read More
Pages: 3       Words: 760

Fuel Costs and Air Travel Dynamics

The aviation business is one of the key pillars supporting global communication and transportation in today’s interconnected society. In addition to enabling the transportation of millions of passengers across continents, it acts as a crucial conduit for global trade and cross-cultural interactions. Nevertheless, despite its importance, this business faces numerous obstacles that jeopardize its sustainability ... Read More
Pages: 5       Words: 1199

Women in Canada’s Economic Evolution

Women’s labor is a fundamental and frequently undervalued factor in Canadian history. This essay aims to highlight the crucial role that women played in the settler colonial economy of Canada, a subject that has historically received little attention in historical discourse. We examine how their labor shaped early Canada’s economic environment in home domains and ... Read More
Pages: 8       Words: 2197

Impact of Cryptocurrencies on Economies

Introduction Cryptocurrency has continued to solicit attention from different groups, including entrepreneurs, investors, regulators, and the general public. Recent discussions surrounding cryptocurrency have had a significant influence on changes in their prices. A cryptocurrency is considered to be a virtual or digital currency that is secured by cryptography. Cryptography makes it nearly impossible for the ... Read More
Pages: 20       Words: 5334

India’s Development Trajectory: Challenges, Progress, and SDG Pursuits

Introduction: India, located in southern Asia, has a robust past along with an on-the-go modern economy. Poverty reduction, improved education, and accessibility of healthcare services are signposts of advancement in the country. Nonetheless, there are persistent challenges that the country faces despite the success it has made: high levels of inequality, corruption, and environmental deterioration. ... Read More
Pages: 9       Words: 2305
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