Economic involves the production, exchange, and consumption of products and services. It focuses on how individuals use available resources to fulfill their needs and desires. The interaction of individuals in markets is another aspect of economics.
Economics permeates every aspect of our lives. Economics affects everything from the food we eat to the clothes we wear. It determines how much money we have in our bank accounts and how much we pay in taxes. Economics even influences how we spend our leisure time. Because economics is such an important part of our lives, it is essential to learn about it.
Economics can be studied at many levels, from introductory courses that teach the basics of economic principles to more advanced lessons focusing on specific financial concepts and theories. There are many resources to help you learn about economics, including books, articles, lectures, discussions, and free essay examples.
Home ownership in UK According to Ford, Burrows and Nettleton (2001, p.10), home ownership in the UK has undergone a significant change over the past few decades. After the end of World War II, most UK citizens were renters. During this period, home ownership was less than 40% of all...
Introduction The model developed by Robert Solow1 (1956) aimed to estimate economic growth in terms of cross-country perspective. However, the paper by Solow written in 1956 does not discuss the pattern of growth across countries using the neoclassical growth model. Kieran McQuinn and Karl Whelan2 indicate that the Solow model...
Introduction The term imperialism is often related to the European influences on Africa and Asia and other parts of the world. Its motivation has always been to advance Britain’s’ industrial economy to other nations. There has been a persistent pressure by Britain to extend its empire to other countries. Cain...
Introduction Research Problem As a result of globalization e-commerce has really grown in the past few years. Many business organizations have started offering their products and services through technological (internet) platforms and banks have not been left behind. Banks have started offering internet banking services to their clients. However everything...
Introduction The success of any business is often attributed to its leadership style. This is because when the management or the leaders are able to make sound decisions, institute effective policies and develop good communication in their companies, then these companies are bound to have better success. However, because business...
Abstract The World Trade Organization is global economic block that seeks to bring together all member states into a forum where they can engage in multilateral trade agreements. The desire to bring the world into a single trading block is the fact that cannot be disputed, especially in the current...
Introduction History of the European Union The European Union (EU) was established in 1950 after World War II. Its establishment was occasioned by the need to solidify peace within the European region by bringing together rival countries under a universal institutional structure. The idea to establish the EU was borne...
Introduction Overseas investors play a tremendous role in tax planning and also help in developing a booming strategy that provides help in undertaking the business or investment. In Hong Kong, similar to other countries individual’s tax liability is completely based on the chosen business structure. For instance, whether apart from...
The globalization of the world economy has led to the creation of a very complex structure of which industries and financial institutions are the parts. Every major investment plan either in form of establishing a new unit or for a simple public offering requires the involvement of financial institutions. These...
Abstract Derivatives are financial instruments traded in capital market. The underlying assets for derivative trading are most commonly bonds, stocks, etc. Derivatives greatly influence movements of debts in an economy which will lead to total economic slowdown. Derivatives have high rating values but in this case have been at the...
Abstract The existing framework for taxation has enabled companies to transfer profits from high tax systems to low-tax regimes. Patents rights or trademarks calculations may be simply moved from one nation to another with a minor change in actual economic activity or profit accumulation. This thesis analysed the determinants of...
Introduction Aid refers to voluntary transfer of resources mostly financial from one region to another that is deemed deserving; this is normally an act of philanthropy. This type of assistance exists even in a larger scope with nations often helping each other. In such a scope, it is thus defined...
Financial crises, especially those termed as global financial crises, have made businesses of all sizes (small, medium and even larger ones) to enter in to a very undesirable situation. They have formed what can be termed as a new world order in which local and global companies are using a...
Introduction Since the beginning of the twenty-first century, international trade has remained significant in the global business arena. Since the beginning of the 21st century, global trade has expanded to its current $ 20 trillion worth (International Monetary Fund 11). Due to the boom in international trade, nations across the...
Abstract The financial sector and UAE’S economy as a whole have experienced a remarkable growth since the global crisis. Banks have embraced technology and have expanded to offer customers easy access to products and services. However, there have been inefficiencies resulting from competition, poor risk management and poor quality of...
Introduction This research aims at developing a framework for customer relationship management (CRM) in the UAE banking industry. It will utilize best practice examples from successful foreign institutions together with local conditions within the UAE. The study will lead to greater CRM outcomes hence higher profitability. Statement of the problem...
List of Abbreviations AED UAE Dirhams (..) Not Available (-) Zero or Insignificant CB Central Bank LC Local Currency FC Foreign Currency Money Supply (M0) Currency in circulation + Currency in the Bank Money Supply (M1) Money in circulation – Money with Banks + Deposits with local currencies Money Supply...
Inflation denotes a period of consistent increases in the price level of a country’s commodities, that results in the devaluation of its currency in the international markets. The level of inflation in a country has both direct and indirect influences on the economic development of that country. Positive changes in...
Abstract This paper analyzes the performance of Canada and America in mitigating the effects of the 2008 Global Financial Crisis. There are many reasons advanced for Canada’s better performance throughout the crisis, but this paper mainly focuses on the cultural and lobby forces that distinguish both systems from one another....
Introduction In economy, inflation is the increase in the price levels of commodities. The rate of inflation in an economy has direct impact on the economic growth of the country. Positive changes in the economic development entail an improvement in the standards of living of people from that particular region....
Introduction Background Information The World Trade Organisation (herein referred to as WTO) is tasked with the role of supervising and liberalising the international trade between countries. The organization as it is known to many people today started its operations on 1st January 1995 (Rapoza 2011). According to Aslond (2010), the...
Introduction Metro Bank PLC is the first bank that has been established in the UK for more than 100 years. The bank entered the UK in the backdrop of tough regulation in the backdrop of the crash of Lehman brothers but banks on the customers who are ignored by high...
Introduction Venezuela has huge reserves of natural resources with oil and gasoline reserves being some of the country’s greatest assets. This is a clear indication that the country has the capacity to realize economic sustainability and remarkable development in social aspects. However, Venezuela still grapples with the challenges of poverty...
Introduction The European Union has a developed banking system with approximately 8,000 banks. Within this group, huge international banks have arisen, which have a considerable market stake. The legal, regulatory, and supervisory framework has not been able to keep up with this rapidly growing cross-border presence, notably the centralization of...
Introduction Timeline of Events in MENA In the recent past, the Middle East and the North African States (MENA) have experienced endless periods of socio-political unrest. These unrests have spread to about 12 Arab states. Already, the unrests have claimed respected world leaders such as the former Tunisian president, Zine...
Introduction Islamic Banking has proven to be one of the best financial solutions. Earlier, Muslims used to avoid placing their funds as term deposits where they could earn good interest as profit. They used to avoid as interest is strictly prohibited in Islam. However, interest can get those a good...
Introduction Islamic banking (ISB) is very unique due to the legal concepts it contains, which are based on the Islamic faith. This banking system adheres to Sharia law and is implemented in many Islamic states across the globe. The three pillars of Islamic banking are Aqeedah (faith), Sharia (laws regulating...
Abstract This paper has focused on accomplishing two specific objectives, the first was to evaluate the cause of delays in the construction and development projects in Saudi Arabia while the second involved proposing. strategies for improving construction projects in Saudi Arabia. Through the investigation of this study, it was determined...
Abstract The main aim of this study was to determine the future of the dollar standards and whether it will be replaced by the Renminbi. The study focused on the capacity of China to strengthen her currency. The study explored various factors that could contribute to strengthening the Renminbi, in...
Introduction The main causes of the present global financial crisis are of structural nature. Firstly, the practices forming the new financial architectures comprise of international systems of big investment banks and hedge funds that are inefficiently regulated or fall short of the required regulations. Secondly, the global financial recession occurred...
Introduction The role foreign direct investment (FDI) plays in ushering economic growth in developing countries cannot be accentuated as much as necessary. FDI is a well-known catalyst in boosting investment in the domestic market. Further, FDI helps in transferring of technology and scientific expertise in the developing countries, as well...
Abstract Ever since the Global Financial Stability Report issued in October 2008, perils to worldwide monetary steadiness are greater now than ever before, indicating a narrow-minded turnaround in development made over the precedent three years. The swiftness of the trade and industry recuperation has been a sluggish, halted growth in...
Abstract Nigeria has become important in the world as a supplier of oil and natural gas because of reducing crude oil reserves. The key forces shaping Nigeria Natural gas industry are global warming, improved associated gas recovery technologies, economic forces, and international energy security. This project aimed at developing a...
Introduction The Asset Pricing Model illustrates the affiliation among risk and anticipated return that is applied in the costing of safety and security. The universal thought following Capital Asset Pricing Model is that shareholders require to be recompensed in two factors. The first one is time value of money and...
Iraq has in the past experienced a poor economic performance because of the US-led invasion in 2003. Before the US-led invasion, Iraq’s economy was fairly stable and run by a central government, but the most prominent feature of the Iraq economy was its strict prohibition of foreign business ownership of...
Introduction Research Question The investigation will focus on the impacts of the recent economic crisis and the measures that were taken to save the banking industry in the Caribbean region. Hence the central question will be: How did the recent economic crisis affect the performance of the Caribbean banking industry?...
Introduction This study will analyze the emerging Middle Eastern stock markets comprising of Dubai stock market, Abu Dhabi securities market, Cairo stock exchange, Amman stock exchange, and Kuwait stock exchange. It has been noted that Middle Eastern stock exchange markets have been growing both in size and participation of late....
Background information Empirical evidence singles out weekends as primary factors of trading as the week starts. The weekend after the effect has become one of the most intricate contexts for stocks forecasts with fewer experts managing to have a comprehensive resolve to cap stocks volatility. The markets, according to empirical...
The newly published preliminary estimation of fourth quarter GDP growth rate seems to consumer confidence in the stock market. The GDP is estimated to have grown at an annual rate of 5.7% since the third quarter. This is the fastest growth rate since the third quarter of 2003. This highlights...
Introduction Background information Financial institutions are important institutions for the development of any economy. The role of banks in the global economy is clearly evident as banks play a major role in the economic trend. Islamic banks have emerged as key institutions in economic development in the recent past. Islamic...
Introduction The causes of poverty in developing countries involve culture, climate, gender, markets, education, public policy among other things. The worst affected areas are the rural settings where majority of the population resides. In this report we are going to look at the causes of poverty in developing countries especially...
Background A traffic violation ticket can be considered to be a legal citation or summon which is issued to vehicle owners and people who use the roads by the state’s law enforcement officers in case they have been found guilty of disobeying the state’s particular traffic laws. The traffic violation...
Abstract Factors like cross-border consolidation and expansion, introduction of new service distribution channels, and pressures from the stockholders have significant impact on the dynamic of the retail-banking sector across the globe. The increasing competition with high intensity and dwindling profit margins have forced banking institutions to look beyond their existing...
Introduction This paper is aimed at discussing the redevelopment plan of Haiti. Currently, this country faces a great number of economic and developmental challenges. It is possible to identify the steps that could have been taken by a person who has unlimited political authority. They are mostly related to such...
This piece of essay contains discussions about the following: Rucardian model of international trade, assumptions of the model, and the model’s view of the gains from free trade and the determinants of the relative extent of the gains. Discuss about Heckscher-Ohlin model of trade, assumptions of the model, what determines...
Political and Business Environment in Columbia Columbia is a country situated in Latin America. It has many market opportunities that ensure growth in investment and exports, which are fueled by good combination of business policies, political and economic stability, a flourishing government-led safety and security strategy and a diversified economic...
The economic impact of professional sports Sports are a good means of creating a distraction away from stressful aspects of our lives. Sporting events have their own roles in different cultures and have a way of bringing the people together. Advertisers and sponsors have seen this as an opportunity to...
List of Abbreviations AG = Auditor General BMA = Bayesian Model Averaging BNI = Bureau of National Investigations CAG = Controller and Accountant-General CAGD = Controller and Accountant-General’s Department CBI = Central Bank Independence CIDA = Canadian International Development Agency CPI = Corruption Perceptions Index DACF = District Assemblies Common...
Introduction It is pertinent to mention that adequate production of electric energy is a key sustainable development parameter that cannot be ignored at all. As a matter of fact, power production in the developed world such as European states and United States of America has been sufficient for a considerably...
Introduction to the Study The history of regional economic integration among the Central African States dates back to many years, before and after independence (Adepoju, 2002). Adepoju (2002) and other authors provide empirical evidence, which shows that many of the states convened and ratified different treaties, which include the Economic...
Introduction General overview of the shift shopping culture Dubai, one of the fastest growing cities in the modern world, has experienced a rapid change in its business culture over the last few decades. The retail sector is one of the most significant sectors of the city’s economy that has experienced...
Introduction The United States and China are the world’s largest economies and they have had a positive bilateral trade for many years. China is home to about a third of the world’s total population. This is a large market that cannot be ignored by the United States. On the other...
Introduction The idea of free trade has been embraced worldwide owing to the vast believe that it leads to profound economic benefits such as creation of employment, foreign exchange gains, and proficiency of production (Rivoli 2005). Many countries, including the rich and developing ones, have entered into the unions where...
The majority of the natural disasters have a serious impact on the economy. These include hurricanes, earthquakes, floods, and many other natural calamities. For any given corporation, the damage is rather evident – natural disasters destroy equipment and buildings. Moreover, it can also influence human capital and worsen production capacity...
Natural disasters pose numerous threats to the normal functioning of the society. Aside from the more obvious physical destruction they are associated with, these events often create long-term negative impacts on the economic development of the region (Benson & Clay, 2004). In the areas that are more prone to the...
Natural disasters constitute a serious detriment to the development of society. In addition to the obvious physical threat associated with these events, numerous effects are attributed to them that undermine the quality of life of the impacted population (Marshall & Schrank, 2014). The areas that raise greatest concerns are the...
The increasing number of natural disasters all over the world is truly mesmerizing and scary at the same time. Humanity repeatedly addresses the issue because the number mentioned above increased nearly by 400% where various storms, hurricanes, and floods contribute to 70% of the dreadful events. The regions that are...
As of today, there is no universally accepted definition as to what Neoliberalism (which is both an established theory and business philosophy) stands for. Partially, this can be explained by the fact during the recent few decades, the Neoliberal socioeconomic paradigm has undergone a qualitative transformation, which resulted in spawning...
Introduction Over the past few years, the European banks have struggled to gain traction from the negative impact of the 2008/2009 recession. Subsequently, most European countries are characterized by slow economic growth in addition to tightening the regulatory environment (Putnis 2014). Furthermore, banks are under intense pressure to minimize risk...
Introduction The global banking system has gone through turbulence over the past few years due to diverse macroeconomic changes. Subsequently, banks have experienced inadequate high levels of capital. Strong capital requirements comprise one of the fundamental conditions in promoting stability within the banking industry (Barth, Caprio & Levine 2006, p....
Executive Summary Recent economic crises have highlighted the failures of current economic policies in expanding and improving the efficiency of international trade. This paper investigates the failures of international monetary policies and their effects on global commerce. It also explores the effects of introducing a currency basket as an alternative...
Introduction In a world where economies have become interdependent, nations have been forced to put in place measures that will help to stabilize and safeguard their economies from international disruptions that are common today. Among the many economic approaches that governments adopt in their quest for protecting domestic economies, monetary...
Support for US to shift from exports to foreign direct investment According to Elton et al. (2003), foreign direct investment encompasses the aspect of multinationals whereby an organization or an entity is controlled in its host country by the entity or organization in the home country. Foreign direct investment is...
Opening the U.S. to International Trade Opening of the United States to international trade has provided a lasting welfare-enhancing impact on its citizens and growth of its economy. According to Appleyard, Cobb and Field (2014), each country is uniquely endowed, and for this reason, it is necessary to maintain trade...
Introduction Financial markets are characterised by diverse modes of transaction. Particularly, market variations are noted in the degrees of performance and participation in financial dealings. The diversification of such markets can also arise from the competitions that exist within the global business environment. Due to such diversities, it is important...
Introduction Trade is one of the activities that foster the growth of the human society. Since the time immemorial, people have used various trade systems with an aim of exchanging surplus commodities amongst localities. This essay discusses the classical theory of trade with respect to Ricardian comparative advantage and influence...
Introduction Global corporations are sophisticated institutions, which organize their business with the goal of delivering value to their different stakeholders. To permit quantification and exchange of such value, financialization becomes important. Diverse views exist on how and the manner in which multinational and national corporations have evolved to take their...
Australia Overview of the Banking Sector of Australia Current Market At present, the banking sector is the main contributor to Australia’s national economy; however, this industry has recovered financial strength from the adverse impact of economic downturn and experienced continuous growth from the fiscal year 2011. At the time of...
Abstract Chapter one of this study seeks to address how the world economic geography concept evolved. Additionally, evidence of a correlation between manufacturing wages and proximity to demand will be analyzed for a specific duration of time, in this case for 23 years. The study utilized trade gravity equations data...
Agricultural Subsidies It is a fact that resources are not equally distributed among nations. Some countries experience economic growth, while others have their citizens suffer from the lack of food, water, housing, and other necessary goods. The modern trend of globalization pushes many nations to interfere with each other in...
Introduction CSR is a term used to describe the relationship between individual entities and the society. These entities may be people, that is, workers, employers and entrepreneurs or it can be firms. It depicts the relationship amongst people, people and firms or firms and other firms. The relationship between the...
The birth of the Economic and Monetary Community of Central Africa (CEMAC) was heralded as a means to create an atmosphere in the sub-region of Central Africa where all the member states could enjoy its benefits. The results are however far from the original expectations. Member states are still taking...
Introduction This research paper has critically illustrated the perceptions and attitudes of the contemporary art market connecting the process of constructing value and factors touching the investor’s motivation in the international market that emerged and experienced during present and past three decades. To examine and explore these issues, this research...
Case Assignment Today, millions of students can get a free education in American schools, colleges, and universities. Much attention is paid to the process of how the public school system is developed and performs its main task that is to educate people of different ages (EdSource, 2007a). Many types of...
Businesses normally face a lot of price demand curves in their day-to-day operations, although a few rarely know the implications of such demand curves. It is however important for businesses to have a clear picture of what such demand curves mean, in order for them to make important decisions regarding...
In making different managerial decisions, organizations usually consider varied factors, which fit well to the current position of the organization and do not jeopardize its position in the future. Among the most important factors that an organization may consider is the market structure in which it operates. However, the decisions...
Introduction The term ‘hydrogen economy’ was formulated about the use of hydrogen as a source of energy to replace the current reliance on fossil fuel. In the 1970s, the need for clean energy and the rising cost of fossil fuels led to a spirited search for a cleaner but more...
Introduction The modern economic and geopolitical landscape of the world is changing. With the rising importance of globalization, no country can exist without forming any lasting bonds with others. International trade brings great benefits along with the risks of existing in a large, globalized system. The Kingdom of Saudi Arabia...
Introduction Economics enables us as human beings to be able to make wise choices regarding how we use the scarce economic resources available in the world today. This is true because there is few resources available today than what is demanded by the world. Usually, choice is normally accompanied by...
So-called “off the books” economic practices such as cash payments, undeclared taxable income, and the drug or illegal arms trade combine to create a “shadow economy,” money that changes hands “under the table,” beyond the purview of taxation controls and governmental regulations. Not all of these business practices can be...
Economics is a subject that examines the behavior of different economic agents as they try to achieve their objectives in the face of resource constraints. Resources are scarce and therefore economic agents need to make choices. The process of making choices is important because it determines whether or not the...
Introduction An open economy struck by an exogenous adverse supply shock may be analyzed from at least two perspectives: fixed exchange rate regime, and floating exchange rate. Therefore, the possible outcomes of the regarded struck will depend on the economic regimes, as well as the inflation level of the currencies....
Introduction Over the past decade, economic analysts have shifted attention on a new emerging trend in the world economy. Technology is rapidly affecting nearly every aspect of human lives. Due to advances in communication and information technology, the world has revolutionized nearly beyond recognition in the past five decades. Despite...
Literature Review A perennial question in the study of the effects of war is its effects on the world economy and financial markets (Addison 8-9). This section of the paper explains what other researchers have said about the research issue. Key sections of this literature review explain how regional conflicts...
Background and motivation A number of deficiencies exist in literature concerning the role of social capital in the process of technological innovation and economic growth (Noteboom, 1999). Commercialization of innovations by universities has taken center stage in the recent past. Bay dole act and a series of other university reform...
The impact of such processes as globalization, industrialization, and migration cannot be ignored in modern society. Even the most isolated nations underwent considerable social, economic, and political changes during the last several centuries, and China is not an exception. After the death of a great political leader, Mao Zedong, Deng...
An Overview of the Index GDP or the gross domestic product is the combined value of the final products and services generated in a country within a particular duration, usually annually, and production levies less any subsidies or grants.1 GDP per capita is expressed in purchasing power parity (PPP) based...
Introduction Consumer Reaction and Income Level Consumer reaction is a standout among assets for enhancing an association’s quality control and customer satisfaction. While it is customary to receive feedback from unhappy customers, every department of an organization creates an opportunity for customer reaction. As a result, weak links within each...
Introduction The world has gone through periods of economic and financial crises at different points in recorded history. These crises has been attributed to events such as the collapse of the American real estate market circa 2008 which led to the recent economic recession that spread to other parts of...
Introduction Market equilibrium mechanism functions best when all suppliers in the market are aware of other suppliers’ price offering. In addition to that, all buyers know the market price at any given time, and are able to make informed decisions regarding their choice of seller. Market equilibrium prices are a...
Introduction Few of us would disagree that there is an urgent need to reform our health-care systems. The ever soaring health care costs indicate that the current health-care plan is unsustainable. Having seen the need to reform their health sector, multiple governments are now incorporating alternative and complementary medicine into...
An overview of the Current State of the US Economy The current state of the US economy is taking a diving move due to the financial and economic crisis. The present administration came into supremacy with a lot of optimism from the American people when President Obama staged his campaign...
Introduction The United States belongs to the number of countries with the most developed economies. It maintains trading relationships with largest producing countries all over the world, buying and selling great quantities of essential goods. The paper is aimed at reviewing the most recent statistical data on foreign trade links...
The current state of the US economy does not meet the expectation of many citizens. There was a lot of optimism when president Obama came into power in 2009 but there has been no significant change according to various economic indicators. According to the Bureau of Economic Analysis estimates, the...
Research topic: How effectively does the establishment of indebtedness law deal with rural and urban indebtedness in Sri Lanka? Introduction Sri Lanka gained independence in 1948 from Britain. In the post-independence period, the country has witnessed growth and transformation of its main economic aspects especially in the rural areas (Lea...
Abstract International trade refers to trade among countries; it is an important element in globalization. However, international trade is faced with barriers to trade imposed by governments in their efforts to protect their economies. Barriers are both trade and non-trade barriers. These protectionism barriers end up hurting the same economy...
Abstract The purpose of this paper is to analyze the impact that geographic scope has in influencing the values of multinational companies (MNCs) based in the US; it does this by retrospectively examining the data for US-based multinational companies for one year in 2006. The intention is to explore the...
Introduction Greece is one of the European countries that were adversely affected by the recent financial crisis. Its financial markets experienced a lack of sufficient credit facilities and liquidity (Althanassou 364). The government, on the other hand, had a huge budget deficit. At the moment, the government is heavily indebted...
Introduction Background Information The World Trade Organisation (herein referred to as WTO) traces its roots back to the late 1940s. It was formed by the General Agreement on Tariffs and Trade (herein referred to as GATT) between various countries. The agreement was signed in the year 1948 (Tarr, 2011). The...
Executive Summary The housing market in the UK is very volatile and has been found to have strong relations with macroeconomic indicators and monetary policy. The housing market has gone through cycles of boom and bust, which coincided with the business cycles of the economy (Ewinga & Wangb, 2005). Two...
Introduction Saudi American Bank, currently referred to as Samba Financial Group, is a leading financial institution in Saudi Arabia. Started in February 12, 1980, this bank has grown and currently has branches in United Kingdom, Pakistan, Dubai, and many other regions in Asia. In Saudi Arabia alone, the bank has...
Introduction Armitage and Nye define the concept of power as “the ability to influence the behaviour of others to get a desired outcome”.1 In the globalizing world, the countries begin to interact with one another more often and more closely. Over the course of the centuries, it was demonstrated that...
