Economics Essays

The Emergence and Establishment of the Exclusive Economic Zone

Part A Generally, the “exclusive economic zone” (EEZ) in the oceanic zone whereby a nation has the exclusive right to conduct fishing, drilling, and other activities. EEZ is defined as a 200- nautical miles stretch of land between our country’s border and the ocean in which Malaysia has the legal authority to engage in fishing, mining, and ... Read More

Pages: 6       Words: 1506

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E-Commerce Industry Overview

The E-Commerce market was estimated to be over nine trillion United States dollars, and it is expected to grow by slightly over fourteen percent from 2020 to 2027. Internet penetration has grown continuously over the years because of smartphones, which is expected to increase the exposure of online shopping for consumers. (Grandview Research) Smartphones are ... Read More

Pages: 6       Words: 1579

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Impact of Globalization on the United States

Globalization refers to the heightened integration of the world markets (Dodge, 2012). Globalization has enabled the united states to soar very high in the economy and maintain global leadership. To some extent, globalization has caused harm to the united states. However, the positive impacts of globalization are too many and greatly outweigh the adverse effects ... Read More

Pages: 3       Words: 682

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Human Services Sector

The act of spending in the human services industry is part of the small proportion of the public expenditure in America, especially when it is compared to the massive outlays for healthcare in the nation (Bunger, 2012). Using these standards, it is imperative to say that the field includes a nonprofit component which seems to ... Read More

Pages: 3       Words: 714

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How To Shop Smartly

Economic and technological changes have caused significant changes in global commerce. With the changes in global commerce, the activity of shopping has changed and consumer attitudes when shopping have similarly evolved. Nevertheless, shoppers across the world commonly aspire to find a merchant with the combination of best prices and quality products so that they can ... Read More

Pages: 3       Words: 644

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Good Monopolies Essay

Monopolies may benefit certain situations, even if the costs exceed the advantages. Patents are the most evident example of a trust benefiting society. After 20 years of exclusivity, patents revert to the public domain, allowing innovators to commercialize their creations. That is, patents allow innovators to have a 20-year monopoly. Copycats will steal an inventor’s ... Read More

Pages: 3       Words: 761

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Egypt Case Study

Introduction Case Summary The Egypt Revolution scenario explores the present Egyptian revolution especially the financial and political aspects which contributed to the revolution. The case starts with explaining Egypt’s significant economic progress in 2000, thanks to the economic restructurings series executed by the regime led by Hosni Mubarak in 2004. With more than 83 million ... Read More

Pages: 3       Words: 766

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Critical Analysis of the Article: “What the Microsoft Antitrust Case Taught Us”

Competition plays a critical role in the evolving technological market. Therefore, allowing a technological monopoly to take over the internet environment would have been challenging. As noted in the article, there are high chances that the Microsoft monopoly would have hidden away the establishment of Google, Facebook, and Amazon (Blumenthal & Wu, 2018). Monopoly refers to ... Read More

Pages: 3       Words: 580

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CED Framework Essay

CED is an economic development process that takes place inside a particular geographic region with the goal of making the economy in that area operate well for the people who live there (Bhattacharyya, 2004). People who live, work, and own enterprises in the region are in charge of the process. The economy is the primary ... Read More

Pages: 3       Words: 576

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Aboriginal Employment Strategy Redfern

Introduction Indigenous people are empowered by Aboriginal Employment Strategy (AES), a national recruitment and training agency, which provides work opportunities and helps job seekers thrive in their careers through mentorship, training, and specialized support. In addition to being a place of employment, AES is a place of learning (Aboriginal Employment Strategy, 2022). Local inhabitants, as ... Read More

Pages: 4       Words: 1098

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The Wealth of Nations

Adam Smith on the Relationship between Town and Country Most people, Smith believes, would rather “invest their money in the development and cultivation of land than in industry or international trade.” Keeping one’s money inland, he claims, brings it “more under one’s sight and command.” Furthermore, “the magnificence of the country, the delights of country ... Read More

Pages: 4       Words: 1075

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The Use of Incoterms in International Trade

International Commercial Terms (Incoterms) refer to the globally-recognized set of standards or regulations used to import and export goods. They were introduced by the International Chamber of Commerce (ICC) to help importers and exporters understand parties responsible for every aspect of the shipping process, such as preparing certificates of origin, packaging and labeling of shipment, ... Read More

Pages: 5       Words: 1351

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The Unfairness of Low-Wage Work

The United States is a society that prides itself on its working population. Having a job is valued in American society and is associated with social and financial competence. However, the reality of many workers is jarring since some jobs pay very little and the connection between having a job and decent living is non-existent ... Read More

Pages: 4       Words: 897

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The Impact of NFTs

In the article, Laurence explains how NFTs bring a positive change in the arts/cultural/creative economy. NFTs will ensure that artists and creatives will have their products copyrighted hence will eliminate the duplication and use of their work without consent. NFTs are transactions that take place under block chain technology, which offered a credible way of ... Read More

Pages: 4       Words: 940

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Perfectly Competitive Markets

A perfectly competitive market is a market where businesses sell identical products, and there are no barriers to entry and exit. Perfectly competitive markets are advantageous to new market entrants who are trying to minimize the risk of the business. The new market entrant will reduce the risk of failing because the business deal in ... Read More

Pages: 8       Words: 2059

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