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Economics Essays

The Theory of Public Goods

A public good is a commodity whose cost of production does not change with a change in the number of consumers (Samuelson, 1954). An example of such a good is street lighting, the cost of street lighting does not change with an increase or decrease in the number of users. Another aspect of a public ... Read More
Pages: 5       Words: 1118

Importance of the Digital Economy to the People and Government

Decades ago, the idea of cloud computing, the internet, big data, or novel innovations in technology and the emergence of global economies built around fintech would not have been conceivable. Now, these are the drivers of 21st-century economies. The digital economy offers a new way of doing business for global economic development and inclusion (Gaziz ... Read More
Pages: 3       Words: 801
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Origins and Implications of the Liberal Capitalist Market Theory

Capitalism, like the Enlightenment, is thought to have bloomed around the middle ages and, like the Enlightenment, resulted in the decline of organized religion. In fact, the Catholic Church of the Middle Ages was the epicenter of capitalism’s early blooming. Max Weber traced capitalism’s beginnings to contemporary Protestant towns, although historians today find it much earlier ... Read More
Pages: 5       Words: 1340

Michigan Road Funding

Introduction Natural and state resources require enough money to remain at their utmost standard. These resources include roads, dams, and forests. The governing bodies around these sources are responsible for foreseeing their maintenance. They have to incur some costs to do so. Each state in the United States has different means to find the relevant ... Read More
Pages: 6       Words: 1503

Market Inefficiencies Due to Misaligned Incentives

Individuals performing on their own can achieve best outcomes below precise most extraordinary conditions. That is, occasions wherein nobody may be made higher off without rendering others worse off. These individuals need to be logical and nicely-informed, and they have to function in aggressive markets that cowl the complete spectrum of credit score markets and ... Read More
Pages: 19       Words: 4961

Market Concentration and Market Power in Healthcare Industry

Market concentration is an economic jargon used to refer to the measure of competition in the market amongst small firms. On the other hand, market power is also jargon in the same discipline used to imply a firm’s ability to monopolize service production even amidst stiff competition. Market concentration is measured using the HHI, whereby ... Read More
Pages: 3       Words: 658

Macroeconomy of Poland and Armenia

The state of the country’s macroeconomics is one of the most important factors determining its success. It places a strong emphasis on the performance of the economy, changes in economic production, the balance of payments, inflation, interest rates, and foreign exchange rates, among many other things. Furthermore, macroeconomics describes the overall behavior of the entire ... Read More
Pages: 8       Words: 1987

Macroeconomics – Demand-Side Policies and the Great Recession of 2008

Introduction An economic recession refers to a massive decline in economic activities concerning industrial production, employment opportunities, the country’s GDP, and real income. A significant reduction in aggregate demand brings about a recession for at least two quarters within a particular financial year. In many incidences, an economic recession occurs when the federal government imposes ... Read More
Pages: 4       Words: 972

Level of Investment Governance in Germany

Introduction With the adoption of the Regulation (EU) framework, the founding of the European Banking Authority (EBA), and the development of the Single Supervisory Mechanism, German banking supervision has experienced significant changes. German rules and regulations and directly applicable EU regulations have developed a sound legal foundation for banking supervision. While the functional structure between ... Read More
Pages: 4       Words: 1029

Labor Market Implications of the COVID-19 Recession

Introduction One of the lasting legacies of recessions such as the ongoing Covid-19 downturn is the massive disruption of the labour markets. The impacts of past recessions and other crises are never gender-neutral, and COVID‑19 is no exception. Studies have shown that women have been more vulnerable to the disruption caused by the Coronavirus crisis ... Read More
Pages: 5       Words: 1302

Japan’s Unconventional Monetary Policy

Introduction Japan has had multiple phases of quantitative easing in the past 20 years. After the first round ended abruptly in 2006, the economy stayed stable for a few years and deflated again. The deflation gave cause for their second round of quantitative easing; however, it was a poor attempt and only lasted roughly two ... Read More
Pages: 6       Words: 1492

Essay on International Economics

Transnational trade refers to the exchange of commodities and services between two different nation state. Taking part in the global trade offers customers and countries the chance to be visible to goods and services which are not produced or available in their states or more expensive domestically. The global economy attributes its rise and prosperity ... Read More
Pages: 3       Words: 621

History of Economic Thoughts

Economics is a field of study that looks at how human beings strive to meet their needs. It explains how individuals allocate the available resources to satisfy their endless demands, although limited. In business organizations, economics describes how they have to give their priorities to the resources in all stages of production. Therefore, we can ... Read More
Pages: 5       Words: 1109

Financial Capitalism in North-Western Europe and Financial Intermediaries

Introduction Capitalism, also referred to as a free enterprise economy or free-market economy, is a type of economic system dominant in the western world where most of the production is privately owned. The economy uses operation markets to guide production and distribute income (Brick, 2015). Studies indicate that modern capitalism emerged in the 18th and 19th centuries ... Read More
Pages: 14       Words: 3720
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