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Economics Essays

The Moral Imperative of Corporate Social Responsibility

Introduction Nowadays, companies go above and beyond just following the law. Whether or not corporations have a social obligation beyond legal compliance is an important and divisive topic. Proponents and opponents of CSR expansion, as well as the ethical implications for businesses, will be discussed in this article.  Legal Compliance vs. Moral Responsibility: Specific rules ... Read More
Pages: 3       Words: 628

Bretton Woods and the Financial Crisis of 1971

Introduction The unbelievably devastating economic crisis that hit America in 1971 impacted the world economy. After World War II, the Bretton Woods system left several problems, including overvaluation, resulting in negativity as dominoes for the international economy. This essay evaluates the motivations behind President Nixon’s strategy of suspending the conversion of dollars to Gold. The ... Read More
Pages: 6       Words: 1497
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Cable Prices Not Falling and Competition

A lack of Competition among cable companies is blamed in the statement for the exorbitant costs consumers continue paying for television service. The absence of Competition in the cable industry has resulted in prices that have refused to come down. Providers have less incentive to cut costs when there are few competitors for cable access ... Read More
Pages: 3       Words: 753

Evolution of Centralized Banking: From Colonies to the Federal Reserve Era

Introduction: The history of centralized banking in America unfolded as a saga that involved controversial debates, crises, and legislative reforms aimed at establishing the Federal Reserve system and then changing its functions over time. These are a culmination of the discussions that took place during the colonial era and provided the basis for founding the ... Read More
Pages: 6       Words: 1488

The Anchoring Effect: Using Insights From Behavioural Economics To Understand Human Behaviour Better

Introduction Behavioural economics has risen to prominence in the last several decades. The Economics behaviourists have proved how an individual’s decision-making may cause people’s choices to deviate from the conventional wisdom based on the assumptions of complete information, constant discount rate, and perfect rationality (Webster et al., 1992). Among those impacts, the first one was ... Read More
Pages: 9       Words: 2463

The Relationship Between Fuel and Food Prices in Canada

Introduction A spike in oil and fuel prices is a significant economic event for the Canadian consumer market. This study used a quantitative method to investigate the relationship between fuel and food prices. This report provides the systematic approach and the results we obtained from the Analysis. This research aimed to unveil the multifaceted views ... Read More
Pages: 12       Words: 3124

The Impact of Reaganomics on American Social Welfare and Government Spending

Reagan’s first addresses presented several themes and conclusive arguments in favor of” Supply- Side” economics, also known as Reaganomics (The American Presidency Project, 1985). Reagan’s speeches emphasized the significance of reducing government intervention in frugality, lowering levies, and adding private investment, which are crucial factors of supply-side economics. Reagan stated in his 1981 initial address ... Read More
Pages: 3       Words: 565

The Pros and Cons of Shell’s Involvement in Nigeria

Introduction Multinational corporations (MNC) involvement in the economic development of host countries is a dynamic and controversial issue (Itu and Atiye, 2023). It illustrates the complex interaction between corporate roles and the growth of the hosts. One organization that demonstrates this association is Shell, a global energy giant in Nigeria. Shell’s presence in Nigeria has ... Read More
Pages: 15       Words: 3944

An In-Depth Analysis of the E-Commerce Industry Through Porter’s Five Forces Framework

Executive Summary Michael Porter’s famous “Five Forces” paradigm is used in this consultant’s report to analyze the e-commerce sector thoroughly. The principal objective is to investigate the external and internal variables that impact the e-commerce industry’s competitive landscape. Research focuses on the market strength of suppliers and customers, potential new entrants, internal competition, complements and ... Read More
Pages: 24       Words: 6520

Analyzing Cook’s Research on the Impact of Racial Violence

In economic history, understanding the delicate link between societal upheavals and innovation is crucial. The paper dives into Dr. Cook’s influential work, zeroing in on her regression analysis and the findings it yielded about the effects of racial violence on African-American innovators before 1940. The focus is narrow enough to see the details of Cook’s ... Read More
Pages: 3       Words: 820

The Historical Event of Foreign Direct Investment (FDI) in the Republic of Korea

Chapter 1: Introduction South Korea’s economic transformation has relied on Foreign Direct Investment (FDI). This introduction highlights FDI’s importance in the country’s economic development by examining its history, impact on industrialization and technical innovation, and worldwide economic impact. Background of FDI in the Republic of Korea The judicious use of foreign capital through FDI has ... Read More
Pages: 16       Words: 4230

Navigating Global Value Chains: A Comprehensive Analysis of Trade Competitiveness, Infrastructure, and Opportunities for Nigeria and India

International commerce, a key driver of economic growth, is closely linked to competitiveness. Numerous trade performance indexes measure national competitiveness. The creation and gradual integration of Global Value Chains (GVCs) have shaped international trade. GVCs are complex networks of production and commerce across nations that promote specialization and interdependence. In this framework, trade competitiveness factors ... Read More
Pages: 10       Words: 2703

Implications of the Budget for Economic, Social and Cultural Development

Introduction A country’s national budget is an important tool that specifies its financial priorities and significantly affects its overall development. The government’s strategies, policies, and resource allocation are reflected in it, and as a result, it has a big impact on the advancement of the economy, society, and culture. This essay explores the budget’s numerous ... Read More
Pages: 4       Words: 844

Youth Unemployment and Economic Growth in Mexico

Introduction As a country with a rapidly growing young population, Mexico is at a critical point where its economic potential meets significant social difficulties. Despite being ranked as the 11th biggest global economy, it faces the greatest level of income inequality among nations in the Organisation for Economic Co-operation and Development (OECD). Roughly 33% of ... Read More
Pages: 6       Words: 1410

Alfred Nobel’s Visionary Contribution to Economic Advancement

INTRODUCTION Alfred Nobel, a Swedish citizen founded the Nobel Prize to award commendable human effort in the development of intellectualism, science, and global peace (Vento & Vezzani, 2019). Nobel was a successful industrialist who instructed his beneficiaries that his wealth was supposed to fund 5 prizes globally in commendation of outstanding intellectual composure in physics, ... Read More
Pages: 8       Words: 1994
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