Category: Economics

Neoclassical economics is a theory that explores the production, pricing and consumption of goods from the perspectives of supply and demand (Ayres, 2020). It emerged in the 1900s to compete with what was prevalent at the close of the 19th century. An important assumption of neoclassical economics in the theories of classical economics is that…

Introduction Public budgeting can be defined as “the critical exercise of allocating revenues and borrowed funds so as to attain the economic and social goals of a given country” such as the United States (Chantrill, 2011). It also includes the management of public expenditures in a way that the most effective economic impact will be…

Introduction Development of the economy is dependent on the availability and access to finances. The availability of finances is affected by the financial system. The financial system heavily relies on the market and whenever the market forces change, the financial system is affected Hawkins (2005, p. 65). Financial institutions give loans to fund economic institutions.…

Marx developed the theory of capitalism to explain the system’s long-term dynamic trend, and it can be summarized in three propositions. First, capitalists have a tendency to accumulate the majority of the surplus value that they generate (Hodgson, 2015). Second, the accrual of capital is directly proportional to the constant and variable capital ratios. Third,…

Morocco follows its path of implementing sustainable development goals (SDGs). The analyzed Gianaris’s article provides an overview of success in their various areas. The report’s advantages are that readers can immediately learn the latest news about almost all SDGs in Morocco, rather than devote their time to researching each topic. The information for the article…

Table of Contents Introduction The transition of banking to a new system The role of debt clearance Role of privatization Role of bank regulation and supervision Management role Conclusion References Footnotes Introduction Hungary was a centralized economy during and before early the 1980’s. The economy was highly controlled by the government including sectors within the…

Table of Contents South Korea Samsung Electronics Works Cited South Korea Internationalization, globalization, and changes to the International Political Economy (IPE) impact on nations’ political and economical environments (Dani 43). It has become easier for corporations and companies to move or invest wherever they want due to the mobile nature of money and of manufacturing…

Table of Contents Introduction Benefits Conclusion Works Cited Introduction In the pursuit of export oriented industrialization, different countries’ governments aim to speed up the industrialization process thorough exportation of goods produced by sectors where the country has a comparative advantage. Export subsidies or trade promotion is one of the ways thorough which governments implement various…

Walras’s law is an economic principle that suggests that the existence of excess supply in one market for a certain good must be balanced by an excess demand for a different good in another market in order for the two forces to balance out. In that regard, an examined market must be characterized by equilibrium,…

Abstract As a student and mindful member of the community, I am concerned with the local unemployment rate. While far from alarming and even often reported as improving, the rate of employment is still lower than might be considered safe. It is worth noting that a growing body of research points to a direct association…