Category: Economics

Aggregate Demand for Goods and Services Goods and services model depicts aggregate demand of the gross domestic as comprised of the following: Demands of the government (GD) Investment demand (ID) Consumption demand (CD) Current Account demand. (Exports-Imports) Consumption Demand Disposable income determines the country’s consumption demand for goods and services model. To come up with…

Table of Contents Introduction The Deflation and Japanese Monetary Policy Conclusion Opinion References Introduction For about two decades, the Japanese economy has been stagnating. The average growth rate for the period between the year 1993 and 2003 was just above one percent (Taylor 2003, p.35). Whether measured by the GDP or the consumer price index…

Economics calculate elasticity and use the consumer choice theory to determine marketability of various commodities. Elasticity differs among items since some items are more essential to consumers than others are (Davis). The consumer choice theory is essential in determining the most attractive markets. However, it has certain shortcomings. The difference in elasticity is caused by…

Table of Contents Contributions of Joan Violet Robinson to Economics Conclusion References Joan Robinson, a prominent British economist, was born in 1903 and died in 1983. She was ranked in the same caliber as people are given the Nobel Prize by other economists though she did not receive it (The Editors of Encyclopædia Britannica, 2020).…

Traditional supply chain management follows a siloed structure which is inherently reactive and lacks the capability to adapt and become flexible to rapidly changing realities of the modern economy. Inflexibility may create issues for the company in terms of supply and demand planning as well as demand volatility. Due to recognized weaknesses of the traditional…

For successful business practice, one must understand that customers’ behavior is not always motivated by rational decisions. Specific errors in thinking, such as the default bias, the status quo bias, the endowment effect, the winner’s curse, and the concept of loss aversion result in irrational behavior. This paper is concerned with interpreting the experiment’s subjects’…

Table of Contents Introduction Changes and Perception Power of Technology Current Changes Dangers Associated with Technological Changes Conclusion References Introduction In his article ‘It’s a Flat World, After All’, Thomas Friedman (2010) starts by explaining the origin of the phrase “it’s a Flat World, After All’. Further, Friedman (2010) discusses the usage of the expression,…

Table of Contents Introduction Positioning Strategy Marketing Tactics: Recommendations Conclusion References Introduction Alpen Bank intends to launch its credit card business in Romania. However, it is facing several challenges, which include an underdeveloped market, low income levels, and high entry costs. These challenges have made it difficult for the bank to select the best positioning…

Table of Contents Summary Areas Needing Further Exploration Annotated Bibliography Summary Accounting research has expansively analyzed the value of the relevance of accounting information to evaluate the usefulness of financial data to investors. The primary aim of financial statements and accounting is to offer insightful information that can be used for efficient decision making by…

The sports industry is one of the key income generating industries in the world. It consists of a market whereby the businesses products are sports related. The products may be services, goods, people, places or thoughts. In society, sports play a crucial role and it is clear that it is indispensable. Besides, media involvement in…