Category: Relationship

Marginal revenue and marginal cost are microeconomic concepts that are very significant in making production decisions. Marginal revenue refers to the revenue that is associable to the sale of the last unit of a product. The revenue for the aforementioned unit could either be the same as that of the previous unit, higher or lower.…

A Critical Analysis Trends in the current economic environment indicate a shift from “knowledge based activities to creativity, imagination, entrepreneurship, and innovation” (Oke et al., 2008, p. 56). The 21st century has realized a tremendous increase in business activities and opportunities owing to increased technological innovations and globalization. This has resulted into stiff competition for…

It is imperative to note the importance of banking in an economy. The roles of banks in an economy especially the depositing and lending functions are quite essential. Banks act as the intermediary between lenders and borrowers and this makes them very vital in determining the stability of the economy. Therefore, just like any other…

Table of Contents Introduction Discussion Conclusion Reference List Introduction It is quite obvious that people always make adjustments in relation to the economic situation at a given period of time. In this case, people can limit their spending as a result of economic woes because they will not be able to take care of their…

Economic Growth and Access to Safe Drinking Water/ Access to Sanitation The access to safe drinking water and sanitation is the indicator to discuss the economic situation in the country. The correlation between the economic growth, population, and environmental impact is rather obvious. The link between factors can be examined with references to the United…

Table of Contents Introduction Current situation on budget deficits The problem Economic explanation of the problem and reasons Economic explanation of the solution Conclusion Works Cited Introduction A budget deficit comes about when the government’s spending exceeds government revenue. That is, income from taxes and other sources are not adequate to meet the expenditure. In…

Table of Contents Introduction Comparative Advantage Factors Contributing to Re-shoring Benefits of Re-Shoring Rationale Bonus Question References Introduction Over the past decade, China has become an economic powerhouse. This is greatly attributable to the low cost of labor readily available from the high population. The low cost of labor greatly encourages investors to set up…

Table of Contents Sustainability Matching Countries with Economic Growth Indicators References Sustainability Socio-economic equality is the incident or condition in which people in a given nation are treated without discrimination in matters of social life and economic status. It is determined greatly by the human development index (HDI). The HDI is derived from or directly…

Introduction This research paper explores the socio-economic history of China, covering a wide range of ideas that have significantly influenced the country’s economy. Importantly, the period from 1949 to present will be the epicenter of the analysis in understanding China’s economic history. Chinese economy since 1949 The period after 1949 was characterized by a wide…

Primordially, the pencil was mainly used for writing on utensils. Pencils existed during the times when rocks with a chalky texture and sticks that are charred were used to write on surfaces, animal hides and also walls that built caves. Individuals from different countries employed different techniques in the manufacture pencils to suit their needs.…