Category: Economic

Currently, the countries in the Caribbean region are doing well economically, even though they are still behind in social and political developments. For instance, the status of human rights is terrible while the conditions in which citizens live are appalling meaning some interventions are required. The region is in urgent need of strong policy actions…

The Indian Ocean, one of the three largest oceans on earth, is a major economic, social and cultural resource for millions of people in Africa, Asia, Australia as well as other continents that use it for various purposes. It runs from the eastern shores of the massive African continent to Australia in the west, frames…

Table of Contents Introduction Body Summary Reference Introduction The business cycle and real estate cycle have a strong association. The statistical association between periods of booms and busts in house prices and periods of economic instability suggests that understanding the nexus between real estate markets and the real economy is likely to constitute a central…

Table of Contents Introduction Economic and Social Development of UAE Factors behind UAE Economic and Social Development Conclusion Works Cited Footnotes Introduction Economy and Demographics of the UAE MOIA (1) explored that the UAE has demonstrated skyscraping growth connecting its GDP per capita income almost similar to the European leading economy while the oil sector…

Table of Contents Introduction Article Summary Analysis Discussion Questions Conclusion Introduction Economic activities are the main pillars of development in nations. They produce goods and services that are required by people to manage their daily activities. This means that business activities are indispensable in all societies. The need to ensure all regions in a country…

Mexico is a country with a rich history and wonderful prospects for economic development and growth. A place where several advanced civilizations were born, Mexico is also the land of immense economic growth opportunities. The country’s Human Development Index (HDI) is 0.775, and it constantly improves. Industrial growth, urbanization, and economic development greatly contribute to…

The first attempts to analyze and explain the actions of economic agents from the psychological perspective were made in the 18th century. Since then, this field of study has advanced substantially. The ideas on behavioral economics can be found in the works of the representatives of the different schools. Many of them are devoted to…

Table of Contents Introduction Growth of Canada: A Historical View Economic Performance: GDP Findings Discussion/ Conclusions Summary Works Cited Introduction Canada’s financial system emerged almost 20 years ago. What happened? Majority of Canadians would give much recognition to the remarkable change on the shortfall in the last 5 years. Canada finally started living within their…

Adam Smith is regarded as one of the first scholars who considered the physiocratic system in detail. He criticized the old mercantilist system and stressed that only new principles could help nations prosper. Thus, Adam Smith believes that the mercantilist system cannot fit in the society of the 18th century. According to the mercantilist system,…

Table of Contents Perfect Competition Product Price Marginal Revenue Marginal Cost Average Total Cost Price and Marginal Revenue Price and Marginal Cost Price and Average Total Cost Reference List Perfect Competition Perfect Competition refers to “the state of a market in which they are large numbers of buyers and sellers” (Hubbard, Garnett & Lewis 2014,…