Category: Economic

Table of Contents Overview Revealed preference theory Equalizing factors of production prices Consumer choices The OLG model Works Cited Overview Paul Samuelson has awed people through his works in economics. Before 1930s, presentation of economics was in the form of diagrammatic models and verbal explanations. Samuelson introduced mathematical analysis and different methodologies (theories). For these…

Table of Contents Introduction Description of the Topic Evaluation Alternative Solutions/Recommendations Conclusion References Introduction For the past decades the industrialized world has seen a number of economic and technological advancements which changed people’s lives, irrespective of the country they lived in. Globalization has affected most of the world countries and was not always beneficial for…

The economic environment in Colombia is more promising than that of Venezuela. Colombia now boasts of a GDP of $365.4billion, which makes it the 29th largest economy in the world. In 2012, it grew by 4.3% and was a continuation of growth rates of 4% and 5.9% in 2010 and 2011 respectively (CIA, 2013). Venezuela…

Table of Contents Advantages of dual track price system in China Disadvantages of dual track price system in China Discussion Conclusion Works Cited Dual track system is an economic system where the government has the full control over the critical sectors of the economy. In this case, the private enterprises are offered limited control over…

Table of Contents Introduction Discussion Social and Economic Risks Of the New Suburbanization Trends Advantages of the New Trends Conclusion Reference List Introduction Over the recent past, the prevailing socio-economic trends in Australia have resulted in a reversal of the long-term trend towards suburbanisation. There is new housing and retailing and many other important developments…

Economic activity is the production and distribution of goods and services in an economy. Economic activity is linked to employment because it is a way of earning a living. Different people in different countries in the world depend on different economic activities to acquire income so that they can satisfy their needs. Demography is a…

Table of Contents Introduction Discussion Works Cited Introduction In any economic system, capitalists and managers organize natural resources, manual labor and know- how to create and bestow goods and services. The manner in which these distinct elements are brought together and used is a sign of the state’s political principles and culture. The U.S. system…

Table of Contents Abstract Introduction The Economic Crisis in Dubai Abu Dhabi’s Financial Help Behind Abu Dhabi’s intervention Conclusion References Abstract This research article evaluates the debt fiasco in Dubai. The paper starts with the distinction between Dubai and Dubai world, and then proceeds to describe the nature of the liability crisis in Dubai. Additionally,…

Economics is often regarded as a complicated discipline that is difficult to understand for people without academic education. In his book, The Armchair Economist: Economics and Everyday Life, Steven Landsburg aims to discuss some of the principles that economics uses to answer questions about issues that concern people every day. The book is separated into…

Inflation has affected the total demand for goods and services in the economy, thus exceeding the supply. Since there is less supply, the prices of these goods and services are rising, leading to a situation called inflation. This affects the rich and the poor globally posing a threat to the economy. Looking at the global…