Microeconomics Economic costs are both the direct costs and the opportunity costs of a decision. There are a number of types of costs that are discussed in economics disciplines. These can be direct and indirect costs, but more common costs are thin Continue Reading...
The type of configuration that would create such an industry is: having a large number of competitors in the market (with a variety of brands). ("Woolies denies existence of beer price," 2011) Hypothetically, if both firms go through with this stra Continue Reading...
Economics Define economics Economics is defined as the study of how society allocates limited resources and goods (Encyclopedia Britannica, 2009). Resources include inputs such as labor, capital, and land and are used to produce goods. Goods includ Continue Reading...
We analyze the economy's productivity by calculating the Gross National Product, which is "the market value of the sum of all the goods and services produced in the economy." The economy's productivity should have a constantly growing figure in orde Continue Reading...
Microeconomics Industry description The modern day economic climate is extremely dynamic and challenging, revealing a context in which the economic agents are presented with both opportunities as well as challenges. One specific means in which they Continue Reading...
Economics Issues in Non-Public Schools This paper is a literature review of economic issues in non-public schools and it will mainly use information obtained from nine sources of economic literatures so highlighted in the work cited section. To begi Continue Reading...
Monopolies and Trusts: Appropriate Areas for Government Intervention? Capitalism is the economic system that has dominated the United States virtually since the day of its independence. A social and economic system based on the recognition of indiv Continue Reading...
Benefit Analysis Introduction and Analysis of the Project: Cost-Benefit Analysis of Proposed New Health Warnings on Tobacco Products (Report, 2003) The new regulation introduced in July 2004 to be implemented for all the years till 2030, have sign Continue Reading...
Microeconomics and Indicators of Agriculture and Manufacturing When experts and professionals look at microeconomics, the study of behavior of the economy as a whole even though it can be very complex because there are many factors that weights it. Continue Reading...
Expectations, according to Pigou, could be actual concerns regarding real factors, but could also themselves be a source of fluctuations independent from any other factors (Collard 1983). Pigou also believed that 'psychological causes' had the pote Continue Reading...
Labor Market, Unemployment Defining and classifying Unemployment There is a level of unemployment in any economy, which is not automatically a bad thing, as most people would think. The presence of a level of unemployment, which usually is presente Continue Reading...
Fiscal and Monetary Issues in America Economics There are high tensions in the American economy today resulting from speculations whether the government will be able to hit the debt ceiling. Failure to hit the debt ceiling has serious economic eff Continue Reading...
They must understand the capital outlays required for health care and make plans to fund these outlays. Firms that budget for health care effectively are the ones that are spending on prevention and increasing co-pays, to ensure that outlays are red Continue Reading...
Macroeconomics and Microeconomics in Organizational Success XYZ Company is aware that macroeconomics and microeconomics play a general role in its organization's success. The significance of macroeconomics and microeconomics in organizational succes Continue Reading...
Antitrust Failure of the Firm to Increase Market Power through the Merger Merging refers to a corporate combination of two or more independent companies into one enterprise. A merge can take various forms such as a dominant firm purchasing the shar Continue Reading...
open-ended question. I don't know about organizational thinking -- individuals think; an organization has no brain. I do know, however, that strategy is set within organizations on the basis of all manner of internal and external variables. Several Continue Reading...
The political situation in the Middle East is extremely volatile. The political situation in the Middle East can have a dramatic impact on oil supplies. However, threats to the oil supply are beginning to emerge outside of the region as well. For in Continue Reading...
While on one hand, the Nile gets the highest discharge from rainfall on the highlands of Ethiopia and upland plateau of East Africa, located well outside the Middle East region; on the other hand, discharge points of the other two rivers, Euphrates Continue Reading...
Nevertheless, the company needs to move on its own as well in a continuous process of internal reform and different approach to the market. It is clear than many of the automobile producers, Ford included, have based so much of their production act Continue Reading...
Potato Chip Industry Given that the new company is now run as a monopoly, how will this benefit the stakeholders involved, such as the government, businesses, and consumers? The conventional economic case in opposition to a monopoly is that, since Continue Reading...
college education increase one's human capital? College education has a positive impact on human capital. The reason why, is because the various concepts and ideas that you are learning are establishing a foundation for an individual to learn speci Continue Reading...
There are many potential actions that could have been taken to help prevent the closing of GM and the job losses, plant closings, and economic catastrophe that is likely to occur as the once unstoppable giant collapses (Wolff, 2009). The UAW won ab Continue Reading...
The consumer's indifference curve would be on a lower budget line against their preference but this would have effects of its own beyond individual consumers (below). On the other hand if we shifted the good on the X axis to "rent" and called that a Continue Reading...
This is what has led to so many foreigners working in the country already. The foreign workers are therefore a symptom of a greater problem. This problem is not macroeconomic failure -- the Saudi economy is robust and creates jobs -- but is simply d Continue Reading...
profit maximization of monopolistic firm and the benefits and disadvantages of a monopoly to a consumer. MONOPOLY The central theory in all of the profit-maximizing outcomes rests on the idea that marginal revenue should equal marginal cost. The s Continue Reading...
Examples like this occur throughout the EU, whereas at one point many nations within Europe had their own industries for most goods. The standard of living in Europe has increased over the time that the EU has been around, but that can be said of m Continue Reading...
Productivity can also be influenced by tax cuts. Cutting taxes can enable consumers to buy more goods and services, and enable companies to produce more and to invest more in their enterprises. Productivity can also be limited or enhanced by regula Continue Reading...
Accounting Accounting professionals are not often thought of as leadership material, at least until they build a strong background in finance or another discipline. They possess valuable skills, but those skills are viewed more as a staff function Continue Reading...
Daily Show One may decide to ask what the real incentive with which a person can be determined to vote for one presidential candidate or another is. Is it the U.S. foreign policy, including here the intervention in Iraq, is it national and individua Continue Reading...
Until that time, the lower classes, as they were known, would produce most of what they needed at their own homes, and the upper classes would simply employ the lower classes to produce whatever goods they needed and subsequently purchase them, or e Continue Reading...
Financial Ratios There are a number of financial ratios that will be valuable to a small business person. A small business is often concerned with cash flow, so ratios that are the most concern fall into three categories -- liquidity, profitability Continue Reading...
This could pose additional threats (Brimacombe, Antunes and McIntyre, 2001). There are also two arguments which reveal the overstatement of the estimations. The first refers to the fact that the tax structures are taken as constants, when in fact m Continue Reading...
Tobacco industry has seen significant government intervention since at least the New Deal. Tobacco farmers have typically received subsidies for their crops and the benefits of marijuana prohibition but in more decent decades they have also faced inc Continue Reading...
Housing Market in China: A Critical Survey of the Literature This is a critical survey of the literature on the state of housing market in China. It highlights the high and rising cost of housing in major markets, which have attracted worldwide att Continue Reading...
Business Ethics Social Performance Of Organizations BP PLC (famous as British Petroleum PLC) is a multinational company from Britain. The company's headquarters is located in London, England, United Kingdom. The company mainly deals in the producti Continue Reading...
To be sure, serious obstacles still remain in Europe -- most notably, the rigid labor laws that make relocating jobs a long and costly process. For example, while it's relatively easy for companies in the U.S. To fire employees whose jobs they want Continue Reading...
Professional Athlete Pay Wages, like other prices, are determined most basically by supply and demand, and this basic understanding allows for the explanation of two apparent paradoxes both dealing with large gaps between perceived value and relativ Continue Reading...
It has been found that in general, the elasticity of demand for health care is -0.17, meaning that for a $1 increase in the cost of health care there is a decline in demand of $0.17 (Ringel et al., 2005). Health care is a unique product. It would be Continue Reading...
Size/Cooperative Learning & it's effects on participation Action Research Question Will cooperative learning have a significantly positive impact on smaller or larger classes? The purpose of this study was to investigate if cooperative learni Continue Reading...
growth of the Korean automobile industry in the Unites States from a trade and finance perspective. Use eight sources of information. Korean Auto Industry Red To begin an investigation into the Korean automobile industry, we first have to start Continue Reading...
