Category: Economic

Nowadays, the boost in digital technology can be seen worldwide, especially during the pandemic situation with its significant economic sphere influence. Both new opportunities and challenges have appeared that need to be handled. The economy will shift to another perspective after the pandemic is over, leading to an outcome where the main possibilities and difficulties…

Table of Contents Introduction The Scenario Applying economic principles to understand the scenario Basic assumption Interpretation Explanation and analysis Works Cited Introduction Whereas continuous laundry reduced the value of the shirt, it should be done since that is the only way of ensuring that the value addition attached to the shirt is positive. However, the…

The economy is a crucial aspect of any nation, and the role of government in its sustainable development is hard to overestimate. When the economy is in recession, it can lead to social unrest and long-term instabilities. In this case, the government makes use of its power to boost the economy of the country. It…

Table of Contents Introduction Main body Conclusion Works Cited Introduction To establish what constitutes wealth impacts products and services, and defines the nature of business cycles, studying both macroeconomics and microeconomics is required. The connection between macroeconomics and microeconomics is quite explicit. One of the prime examples where such a close association may be pointed…

Gravity I selected the major of economics due to its absolute importance in the modern world. Every imaginable aspect of society revolves around economics. The gravity of its importance to the function of the world cannot be disregarded. Every single day on the news, you can hear events, debates, and worries which are related to…

Table of Contents Introduction: UAE Economy PESTLE Analysis of the UAE Implications for the UAE Organisations Conclusion Reference List Introduction: UAE Economy The United Arab Emirates have become the synonym for prosperity and economic stability. According to the latest information on the state’s progress, the premises for the growth of the international business in the…

Brazil is among the developing countries in the world. When ranked in terms of nominal GDP, Brazil is the 6th largest in the world. Brazil has a relatively free-market economy. Its economy is considered among the fasted growing in the world with an annual GDP of about 5%. The GDP is averaged at a rate…

Outsourcing refers to the action of a company to contract out its operations. Companies usually embark on this activity for various reasons. The foremost reason is to reduce the cost (Eltschinger, 2007). Therefore, before venturing in any business operation, it is crucial to examine the threats as well the profits allied with it. Therefore, this…

In the article Economic Development With Unlimited Supplies of Labour, Arthur Lewis introduced the concept of ‘unlimited supplies of labor.’ According to Kirkpatrick and Barrientos, Lewis developed an economic theory that uses unlimited supplies of labor to determine the rate of economic growth (681). The new concept acknowledged the presence of growth potentials in the…

Table of Contents Introduction Market mechanism Central planning Conclusion Bibliography Introduction In any given market, the process of resource allocation is the responsibility either of the market forces or of government through its interventions in the price mechanism. Each of these two forces plays an important role in resource allocations if allowed at their most…