Category: Economic

Table of Contents Introduction Conclusion Reference List Introduction Different nations have different economic policies that guide investments in stock markets. Consequently, decisions to invest in the international equities will mean subjection into differing sets of polices opposed to the prevailing domestic conditions. The dilemma on the differences between the impacts of the factors affecting domestic…

Table of Contents Introduction Social and Economic Basis of Markets Conclusion References Introduction In capitalist economies, markets are dominant institutions. The modern capitalism is the consequence of expansion of markets as frameworks for the production and allocation of commodities. The question whether to engender market economies with societies elicits a heated sociological debate among early…

Circumstances Encouraging Businesses to Open Up Coal Minds and Exploiting These Resources The coal industry in Europe has recently been closed because the revenues received from coal mining did not justify the costs needed to sustain the production. Specific problems are connected with impossibility to meet environmental standards, as well as development of green economy…

Olivier Armantier’s et al. article, “How Economic Crises Affect Inflation Beliefs: Evidence from the COVID-19 Pandemic,” was published in the Journal of Economic Behavior and Organization on July 24, 2021. Publisher Elsevier has partnered with the Copyright Center RightsLink service to offer various options for reusing this content. Elsevier offers open or restricted access to…

Political corruption is a known issue in the modern world, and it significantly affects multiple areas of governmental functioning. It is characterized by government officials using their power to create illegitimate private gain. The vast majority of countries face the corruption issue to a certain extent, which minimizes the prospects for growth and development. Corruption…

In his exploration of the organization of complexity, Herbert Simon brings out the understanding of economic rationality in, “The sciences of the artificial”. The book is more of Simon’s conception of complexity in terms of how it can be studied, adapted to and understood by human beings. With knowledge from diverse fields such as social…

Table of Contents Introduction Socio-economic characteristics of Appalachia in Kentucky Social Characteristics Economic Characteristics Conclusion Reference List Introduction The term Appalachia refers to distinctive-cultural counties, which are located, in the eastern part of the United States of America. The Appalachian regions include various states such as; Kentucky, Ohio, Tennessee, Georgia, Alabama, Mississippi, Virginia, among others.…

The situation described in the initial post does indeed compromise socialism as a utopian idea. However, when applied to real-life scenarios, it becomes evident that the reasons for state and economic failures are diverse. Economist Thomas Sowell warns against using “one-factor explanations” (Fox Business, 2019, 0:28). Therefore, blaming socialism alone is not sufficient to explain…

Gross Domestic Product (GDP) is one of the indicators of a nation’s economic performance. A country’s GDP can be represented in Nominal Gross Domestic Product and Real Domestic Product. The Real GDP purely concentrates on the country’s growth, while the Nominal GDP includes prices and the nation’s growth rate (Thomas et al., 2022). The Philippines…

A recession is a concept in macroeconomics, indicating abrupt slump of the rate of production over a long period (half a year or more). The process is characterized by zero or negative dynamics of the GDP (gross domestic product). Recession leads to a decline in business activity and the slowdown in economic development. Reduction of…