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Economics Essays

Sources of Economic Growth

Economic growth is an increase in the output of an economy over time. It is often measured as the percentage change in the gross domestic product (GDP) or real GDP. The primary sources of economic growth are improvements in human capital, natural, physical, institutional, factors and technological advancement (Mayer, 2010). Manipulating these factors leads to ... Read More
Pages: 5       Words: 1261

Singapore Market Analysis

Demographic trends With the impact of globalization, countries are becoming important markets for consumer goods, more fundamentally than food products. The government of interest for future global ventures is Singapore, an island country in Southeast Asia. Its strategic location in South East Asia through sea routes is critical for international consumers. Singapore is a densely ... Read More
Pages: 3       Words: 783
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Analysis Paper: Macro-and-Microeconomics

Since 2018, the two leading economies, China and the United States, have been embroiled in an economic war. In August 2019, the United States announced the third of a series of tariffs on goods coming from China. The selected article by Li (2019), indicates that the announcement declares the US administration’s imposition of a 10% ... Read More
Pages: 3       Words: 673

IT and the Global Economy

Kobe steel was Japan’s third-largest steelmaker and a major supplier of aluminium to manufacturers of cars, trains, and planes across the world. It admitted having supplied products containing falsified specifications to over five hundred customers (Shane, 2017). This revelation impacted the global supply chain giant; the customers began questioning the ethical standards of the company. ... Read More
Pages: 5       Words: 1253

Essay on Food Waste

Food waste is termed as food discarded by retailers because of its appearance and plate waste by consumers. Wastage of food takes place throughout the entire production spectrum, from the farm to distribution, retailers, and subsequently to the consumers. Some examples of food waste include: sour milk poured down the drain, food scraps after meal ... Read More
Pages: 3       Words: 688

Food Insecurity in Nigeria

Introduction In Nigeria, the population as of 2012 stood at 166.2 million according to the Nigeria National Bureau of Statistics (Adebayo, 2012). This number has increased, and the estimated population as of 2019 is slightly over 200 million people. These figures indicate that Nigeria is amongst the fastest growing, developing country in terms of population. ... Read More
Pages: 7       Words: 1787

European Recovery After the Pandemic

Introduction The European governments have to realize recovery plans to support them in the post-pandemic world. The study will reveal definite and actable plans that can define the success and reflective process of transformation. The study will dictate the necessary actions to reward the agreements with resilience and agile palms for post-pandemic growth. Action For ... Read More
Pages: 5       Words: 1198

Essay on Economic Growth

Introduction Economic growth entails the process of increasing the gross domestic product (GDP) of a country. The growth can be evaluated as an increase in the real gross national product (GNP) or Gross Domestic Product (GDP) over a certain period. When GDP increases, the value of services or goods produced, people can consume more. To ... Read More
Pages: 6       Words: 1546

Keynesian and Classical Economy

Introduction Classical model emerged as an opposition to Mercantilism. Two beliefs defined mercantilism; Bullionism held that a nation’s wealth is defined by its stock of precious metals and that the government should intervene in the economy. Adam smith inspired the classical model. Classical economists consider full employment usual. There is no overproduction or unemployment in ... Read More
Pages: 4       Words: 893

Classical Trade Theories

Mercantilism Mercantilism theory states that a country’s wealth is determined by the amount of gold and silver it holds. Thus to increase wealth, a country needed to discourage imports and encourage export to ensure that it always has a trade surplus in the form of gold and silver. Mercantilism formed the basis for protectionism, which ... Read More
Pages: 4       Words: 906

Research Paper: Rail Transport

Introduction There are five renowned modes of transport: air, road, marine, pipeline, and rail. The paper focuses on rail transport for its discussion mainly due to the rich history of the technology. Once considered the slowest and most inefficient transportation mode, trains have rapidly evolved to be among the fastest, most efficient, and most reliable ... Read More
Pages: 12       Words: 3139

New Zealand Small Business Definition, Issues and Their Economic Impacts

Small businesses play a vital role in the economic contributions of any country. A small business is a sole proprietorship, a business, or a partnership that earns less yearly revenue and fewer employees than a regular-sized business and is privately owned (Ferran & Ho, 2019). In many nations, especially the Organization for Economic Co-operation and ... Read More
Pages: 7       Words: 1844

Market Analysis: International Edition

Introduction One of the numerous benefits of market research is the knowledge it provides about your target audience, your rivals, and the industry. The supply and demand for a product or service might also be studied in more detail. This will put upper management in a stronger position to make marketing strategy choices. Using fake ... Read More
Pages: 6       Words: 1513

Japan’s Rise and Fall in the Global Electronics Market

In the 1950s, the economy of the Japanese consumer electronics sector expanded quickly. Japan ranked among the top nations in the decades that followed for the number of commodities it exported and the number of new technology patent filings. The most coveted status symbols for Japanese inhabitants underwent a rapid shift due to technical improvements, ... Read More
Pages: 10       Words: 2568

Impact of an Aging Population on the Economy

An aging population is a situation where the proportion of older people is increasing at a higher rate than younger people—the aging population results from people living longer (more extended life expectancy, and having fewer children (birth rate decline). According to Borsch (2008), life expectancy increases due to an improved lifestyle, including access to a ... Read More
Pages: 3       Words: 692
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