Category: Economic

Opportunity Cost Opportunity cost is a term that is applied in the microeconomic theory where a decision has to be made between two or more choices. An opportunity cost refers to the choice that is forgone when another choice is made. For a choice to qualify as an opportunity cost, the alternatives should be mutually…

Christopher (1982) explains that economic development is the improvement in the infrastructure and better living standards. Every government has the sole objective of improving the level of economic development and improving the livelihood d of its citizens. Innovation is the modification of an existing idea or the creation of a totally unique idea to help…

Reason for economic and financial trouble It is notable that some Eurozone countries have been in a financial and economic crisis. This has been brought about by various reasons that need to be evaluated and looked at for sustainability. It should be known that this crisis has led to sustained action by various governments. Most…

Table of Contents EVA Statements to Improve Financial Statement Reporting and Results Problems Found with EVA References EVA Statements to Improve Financial Statement Reporting and Results In order to gauge financial growth and development of a firm, an entity or portfolio, Economic Value Added (EVA) may be used. In this particular measurement, it is presumed…

Table of Contents Introduction India’s Advantages India’s Disadvantages Discussion Conclusion Bibliography Introduction China and India are recognized as the world’s most important developing countries. While the per-capita incomes for citizens of both countries still remains quite low, the two countries have risen considerably with rapid economic growth in recent decades. India, in particular, has become…

Economic schools of thought can be defined as the systems of beliefs that some of the historical economists held about economics. The different schools of thought or rather doctrines differ in their methodologies and assumptions that are made to describe a certain economic phenomena. Among the major economic schools of thought include; Keynesian, Marxist, Neoclassical,…

Table of Contents Problem Statement Rationale Possible Solutions The current letter is intended to review a relevant economic issue and outline a policy that would serve as the solution. We are a group of students studying economics, and we are keen on providing a detailed description of the possible solution intended to mitigate the effects…

Description of the issue selected Economic development incentives refer to the inducement policies offered by governments to appeal or maintain local and foreign investors (Long 45). Incentives range from a number of policy forms. Notably, the forms center on tax inducements and infrastructure developments (Aronson 67). The types of incentives offered vary based on the…

Table of Contents Focusing on Supply Focusing on Demand Supply-and-Demand Graph References Focusing on Supply This paper is focused on a demonstration of the principles of economics using an article from a recent newspaper that covers the issues of supply and demand. The events explored in the article will be used as examples in order…

Table of Contents Products Cost and Profit Major Effects of Government Policy Government Involvement Expansion via Capital Projects Corporate Social Responsibility and Stakeholder Governance References Products Cost and Profit Outline of Plan The plan for the company, which faces increases in costs of the major ingredients, is to lobby government for recognition of its products…