Category: Economic

Introduction Economic reasoning is an important skill both for running a business and making everyday decisions. Thus, understanding basic economic principles is an important element of contemporary life. The following paper provides an overview of a number of economic concepts and outlines the areas where they can be applied in a real-world setting. Describe one…

Table of Contents Overview of Economic benefits and costs of tourism Economic benefits of tourism – an overview Tourism and employment Tourism and the promotion of the balance of payments Cultural development through tourism Economic costs of tourism Works Cited Overview of Economic benefits and costs of tourism According to Sexton (543), tourism is one…

Table of Contents Introduction Synergy Diversification Personal Incentives Value Acquisition Conclusion References Introduction A merger is the unification of two companies into a single financial entity. The participants may be equals, or one may be acquiring the other as a subordinate. In both cases, each of the companies that choose to merge loses a degree…

Introduction The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to…

Table of Contents The Idea of Free Market Economy Marxian Economics Contributions of Plato to the Field of Economics The Role of Technology in Globalization Global Economic Issues References The Idea of Free Market Economy A discussion on free market economy is interesting because it presents the views of various scholars. From classical scholars such…

Unions are regarded as associations that bargains with other companies, enterprises and other relations on behalf of their members. They range from those trade unions that negotiate for the workers that perform certain work, to industrial unions that negotiates for workers who belong to a certain industry (Waterwal in Work para. 3). Although Labor unions…

There is no use denying the fact that the development of any society is determined by a great number of various facts that create the unique environment needed for the appearance of a certain issue. Thus, money and economy have always been integral parts of human society which determined its existence and ways to evolve.…

It is imperative to mention that the argument between Hayek and Polanyi is a fascinating topic that has led to numerous discussions. Moreover, the fact that the views of these economists were dramatically different should not be overlooked, and it is possible to see that their influence on many other authors is quite significant. It…

Introduction With regards to the topic considered in this study, the research focuses on the economic crisis facing USA amidst the foreign forces caused by the major economic competitors. Essentially, USA has been the biggest world economy for a substantial amount of time. However, the country is incurring crucial economic crisis which may deconstruct its…

Table of Contents Introduction The Euro Optimal Currency Area Ease of Transactions Price Stability Economic Stability Challenges Facing the Euro Conclusion References Introduction With the desire of achieving economic growth and sustainability, many governments of the world always formulate and implement such strategies that will ensure that this long-term goal is achieved. Economic integration is…