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Demand and Supply

Introduction In the current world, one can go and buy a product double the price that they both the previous day and wonder what are the causes the huge price increase. Such market dynamics can be properly explained by demand and supply concepts. Demand and supply are key components in economics and are considered the ... Read More
Pages: 4       Words: 978

Globalization Impact: A Case-Study of an Individual Country -India

India is renowned for its huge population and large economy. In 2022, the country overtook China to become the world’s most populous nation, with a population of 1,425,775,850 (Ellis-Petersen, 2023). This figure has grown by at least one billion since 1950 and is expected to continue increasing until it reaches a peak of 1.7 billion ... Read More
Pages: 6       Words: 1465
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Economic Growth and Development in the Global South

Introduction The Global South entails the countries within the southern region of the globe. The area comprises states across Latin America, Africa, Asia and Oceania. These countries experience similar challenges in matters regarding development and overall growth. These include the economic development aspects such as fixing the infrastructure, ensuring access to education and healthcare, conducting ... Read More
Pages: 5       Words: 1368

Policy Changes To Enhance Productivity in the UAE Economy

Productivity is an essential element of economic growth. In economic theory, productivity refers to the ability to have higher output while using the same level of input. The benefits of this ability are obvious. Economic players incur lower costs but produce more. Because of this, they can have higher profit margins, which they can utilize ... Read More
Pages: 3       Words: 788

Innovation in Catalyzing the Orange Economy in Jamaica

The orange economy, which thrusts sectors such as music, film, fashion, and heritage tourism into the tapestry of Jamaican culture, sits as a massive reservoir of unexploited potential. Hence, systemic challenges such as lack of financing, outmoded regulatory systems, and poor infrastructure somewhat impede the much-needed transformation. Through these success stories, Jamaica stands to benefit ... Read More
Pages: 6       Words: 1579

Relative Merits of Fixed and Floating Exchange Rate Regimes

A fixed exchange rate is a system in which a predetermined set of currency values are mutually agreed upon as the exchange rate. The United States dollar was the exclusive currency universally accepted for the exchange of gold and had a dominant position over other currencies. The fixed exchange rate collapsed in 1973 due to ... Read More
Pages: 6       Words: 1461

Briefing Notes on Cash Transfers in Economic Development

Purpose The goal of this note is to assess the effectiveness of cash transfers as a tool for achieving development goals. Background Cash transfers are a common tool governments and organizations use for social protection services or as temporary relief to constrained households. These programs provide financial assistance directly to individuals or households as either ... Read More
Pages: 3       Words: 685

Opportunity Costs: Are They Real and Do They Matter?

Opportunity costs are the gains lost by selecting one choice over another. Though intangible and impossible to assess, they may strongly influence decision-making. This article will define opportunity costs, quantify them, and explain how they affect business choices. I will also give a business case where opportunity costs matter. What are opportunity costs? Opportunity cost ... Read More
Pages: 4       Words: 1020

Business and Government

John Maynard Keynes’s ‘The General Theory of Employment, Interest, and Money (1936) started a revolution in economic thought when it challenged the classical view of markets as self-correcting. Keynesian theory requires governments to stimulate demand and maintain full employment during periods of recession (Kahn, 2022). It was developed in the 1930s at a time of ... Read More
Pages: 5       Words: 1305

Environmental Factors in Labour Relations: Current Challenges and Future Prospects

The ecological factors provided in this assignment are economic, technological, political, legal, and social. My interest is the economic and social factors. In particular, the economic and social environments emerge as pivotal forces that affect my current student experience and hold profound and significant implications for my future career trajectory. In this paper, I will ... Read More
Pages: 4       Words: 913

Discuss Siting Critics Involved in the Difference Between Old Welfare Economics and New Welfare Economics.

Introduction Welfare economics, one of the concepts in economics dealing with the allocation of resources for the maximization of social welfare, is subject to a series of evolutions in its development. Traditional welfare economics heavily relied on efficiency and the functioning of the market in attaining social welfare through the works of economists such as ... Read More
Pages: 3       Words: 790

Analysis of the Best Five World Economies

Introduction Economic performance is one of the most significant indicators that unravel in depth the general well-being of a country and its ability to influence the world stage as a whole. This paper aims to thoroughly examine and analyze the economic conditions of the world’s leading economies: The United States, China, Japan, Germany, and India ... Read More
Pages: 6       Words: 1648

Agricultural Development, Taxation, and International Trade

Introduction Rich history exists regarding African agricultural development, taxation system, and international trade. This paper will critically evaluate the three sections. Agricultural Development For thousands of years, the only part of Africa that practiced agriculture was Egypt, which worked closely with Southwest Asia. The rest of the countries below the Sahara were involved in hunting ... Read More
Pages: 3       Words: 750

Understanding Elasticities in the Context of Post-COVID Inflation Dynamics

Introduction This review reveals the complex relationship between economic elasticity concepts, described in Chapter 3 of the course material Quantitative Demand Analysis, and their application to scientific work “Understanding Post-COVID Inflation Dynamics” by Martín Harding, Jesper Lindé, and Mathias Trabandt. In economics, three main quantitative tools are elasticities – own price elasticity of demand, cross-price ... Read More
Pages: 3       Words: 613

How Did Ireland Transform Itself Into a Financial and IT Hub Throughout the Years?

Ireland has lately changed from its agricultural economy to a dynamic global International Financial Services Centre (IFSC) and information technology (IT) hub. Such a transition was possible only with the help of strategic policies played out by many companies as prominent actors that have changed the entire shape of the country’s economic structure. Implemented Policies: ... Read More
Pages: 3       Words: 686
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