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Effect of Microfinance Services on the Growth of Small and Medium Enterprises (SMEs)

Microfinance services have so many effects on the enhancement of small and medium firms. The microfinance sectors, such as micro-insurance, micro-credit, and micro-savings, have significantly impacted the growth of such firms. These enterprises are crucial for the development of any economy. Microfinance services are financial services specifically designed for low-income and underserved groups. These services ... Read More
Pages: 6       Words: 1419

Decision Making Skills

Introduction Decision-making is an essential part of our lives, and we make decisions every day. As humans, we are capable of making a wide range of decisions, from simple, daily choices to more complex, tougher decisions. However, due to the complexity of real-world decision-making, the decisions we make in different areas of our lives can ... Read More
Pages: 6       Words: 1447
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Withdrawal of Fuel Subsidy in Kenya on Grounds of Unsustainability

The partial elimination of fuel subsidies, which caused diesel and gasoline prices to reach an all-time high, resulted in savings for the Treasury of approximately Sh9.49 billion. The same day the newly elected president declared subsidies unsustainable, the commission eliminated the gasoline subsidy, which may have increased inflationary pressure. It reduced the reliefs on paraffin and ... Read More
Pages: 5       Words: 1335

Interest Rate and Inflation

Introduction There is widespread agreement on the fundamentals of monetary policy, providing a common foundation for debates about the precise measures that should be used in different circumstances. The central tenets of this agreement are that monetary policy should be implemented, that emphasis should be placed on price stability, and that higher or short-term interest ... Read More
Pages: 9       Words: 2418

Case Study on Price Elasticity

Introduction Price elasticity is the percentage difference in the quantity of demand in correspondence to price changes. In economics, the prices of commodities directly impact the market. In layperson economics, the lower the commodity price, the higher the demand (Gabaix and Koijen, 2021). In price elasticity, producers seek to maintain the need for goods even ... Read More
Pages: 7       Words: 1800

Free Market Economy

An economy is responsible for dealing with the state of affairs in the production, distribution and consumption of goods and services. It is also involved in money circulation in a particular region or country. An economic system is a planned and organized way in which a nation or state allocates its goods and services in ... Read More
Pages: 4       Words: 1092

Firm Governance and Strategy in the Institution Context

Part A: Role of Institutions in Economic Growth and Development The growing debate on the importance of institutions for economic growth and development has been simplified, leading to potential bias over the last century. Consequently, institutions have become a vague concept viewed as the intermediate target for all efforts to improve economies globally (Sachs, 2003). ... Read More
Pages: 11       Words: 2810

The Great Barrier Reef by Deloitte

Introduction Nature is fascinating. There are a variety of features mother nature has gifted the universe whose beauty and mystery are mesmerizing. While environmental economics provides valuation to avail useful insight about the relativity of resource scarcity, it is not always accurate, especially for some resources whose value cannot be satisfactorily summed up to a ... Read More
Pages: 8       Words: 2182

The Connection Between Inflation & Minimum Wages

Inflation and Minimum wage are two separate concepts but share many of the same implications. I identified the connection between inflation and minimum wages such that; Inflation is often brought about by inconsistent growth in wages or increases in prices relative to wages. While an increase in minimum wage can help reduce inflation if a ... Read More
Pages: 3       Words: 635

In Order to Progress, African Countries Must Cut Ties With Their European Counteragents and Keep Their Natural Resources to Themselves To Develop

The African continent is rich in natural resources among the other continents, it has large quantities of resources, but ironically it is still dragging in development. For instance, the discovery of new oil sources in Africa has enhanced the economic significance of the commodity. Oil is a major source of income for Sudan and Nigeria. ... Read More
Pages: 11       Words: 2772

Impact of USA Economic Espionage Act of 1996 on Business Environment

Introduction Every year, the American economy spends billions of dollars on economic espionage. In addressing the increasing theft of trade secrets, the Economic espionage act was enacted by Congress in 1996. According to Evans, M. (2018), the main objectives of EEA are to protect secrets regarding to trading against anyone unauthorized and to secure the ... Read More
Pages: 4       Words: 1065

Impact of Trade on Society

Trade organization was a significant foundation for the impact of cultural exchange between 1495 throughout 1775. This was a period where colonization had rooted most of the European regimes as they scrambled to get a share in other parts of the world. The comic encounters between Americans and European people varied as time progressed, impacting ... Read More
Pages: 3       Words: 711

Impact of Political Unrest and Violence on Institutions and FDI

Abstract A country’s economic stability relies on its corresponding political stability, allowing foreign and domestic investors to devote themselves to its business space. Political instability is a primary factor discouraging FDI since such investors may not find it a favorite to determine the correct location of investment alongside the amounts to put into the business. ... Read More
Pages: 17       Words: 4430
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