The price elasticity of demand of a commodity can change as a result of various factors. In this case, the factors that have been revealed to affect the price elasticity of demand of a product include the price of other related commodities, future expectations, change in tastes and preferences among...
The entry of economic and monetary unions has transformed the whole of Europe into a single market with a common currency. This has recently translated into a trade bloc, leading to an increased market for the goods produced, free movement of labour, and creating a pool of trained workforce. The...
International trade has led to the development of the UK economy, the opening up of other markets has led to rapid industrialization followed by advanced transportation bringing the global market into a near reach. We have multinational organizations coming up and their presence is felt heavily across the world. There...
The prevailing economic environmental factor of an organization determines its profitability and ability to cope with future changes that come across. The social environment deals with people’s behavior and the community in general, the relationship of the people and the organizations, the available occupations, and the education level of the...
The year 1950 marked a new economic era in the UK where the economy was seen to grow at about 50% of the general growth rate of the other major competitors in Europe. During the period which extended to the early 1970s the purchasing power parity of the economies like...
The population of the UAE is expected to increase with time. The National Bureau of Statistics estimated that the country’s population would be 8,190,000 people by 2010. 71% of the total population is comprised of people aged between fifteen and sixty-four years. This comprises the productive portion of the population...
According to recent research conducted by United Kingdom’s Trade and Investment body, there has been an emergence of new international markets. Different countries have been identified as having the potential of controlling the future international market. Some of these states include the United Arab Emirates, Vietnam, and the BRIC states....
After the USA had entered World War I, most of the country was thriving. Since the war required a significant number of resources to be spent, the fast production growth took place in almost every part of the coasts where the bigger part of plants was located. This included Atlantic,...
The Kenyan economy is among the strongest in the East African Region but has shown less growth than its neighbors in recent years. The country is currently part of a regional trade bloc, which would benefit its economy if it utilized the available trade advantages to its fullest extent. In...
With the future prospects of the Covid-19 aftermath drawing near, it is unclear how severe the consequences of the pandemic will be. It is predicted that the resurgence of consumers will lead to inflation. The lockdown measures introduced in an effort to contain the virus have significantly reduced the available...
Gross Domestic Product is a measure of output that includes personal consumption, government purchases, private inventories, and foreign trade balance. Real GDP as distinguished from nominal GDP takes price change into account and holds prices constant such that it only measures the changes in production. A positive GDP indicates economic...
The unemployment rate is a macroeconomic indicator measured by an analysis of the labor force which includes those employed and those that are not in employment but seeking jobs. The unemployment rate could be calculated on a monthly basis by getting the difference between those who have jobs and the...
Capital refers to factors of production used in the production of goods and services. Human capital on the other hand refers to the production elements that generate added value in the economy. If human capital is enriched with productive skills, it can effectively improve productivity thus raising gross domestic product...
Governments raise taxes and use that revenue for expansionary or contractionary purposes. These fiscal policies are aimed at stimulating economic growth or slowing the rate of growth in the economy. Fiscal policies can either be contractionary or expansionary. In contractionary policy, the Government increases tax rate, while in expansion policy...
The notion of worldview can be described as a holistic view of nature, society, and human experience that is expressed in the system of values of a specific individual. Its typology can be built on different grounds: usually, religious and secular worldviews are distinguished as the two most basic types...
The global economic recession was caused by poor banking policies adopted in the United States. The federal government deregulated the sub-prime mortgage industry and massive investments were experienced in the industry. Sub-prime mortgages have a high risk of default and investing in such portfolio can lead to economic failure. Many...
In my opinion, my negotiation partner has more power, which is facilitated by several factors. First of all, doodads are standard products, therefore, the margin on them is lower, and they are very price sensitive. They should be priced differently than premium or custom-made products, which are less price sensitive...
Executive summary Trader Joe’s is a company that has established itself in America as a preference for shoppers. The company operates under the principal that shopping is more than just entering shopping malls. To them, shopping is that act of ensuring that they meet the customer’s needs. The company’s operations...
Price discrimination is commonly defined as a practice of one and the same product or service having different prices when sold to different groups of people. Despite the sometimes negative connotation that it can have, price discrimination can be beneficial both for companies and consumers. Using it, companies can increase...
The 2008 financial crisis shocked the US policy makers who thought they had full control of the economy. Under normal circumstances, the annual world per capita output expands by 2.2%; however, the 2008 financial crises caused a 1.8% contraction of the annual world per capital output. Money and asset markets...
It is important to note that bartering made sense 200 years ago because the markets were small, and there was no product diversity. The simplicity of such a structure did not require money to make the transactions easier since it would be an unnecessary and additional step in the exchange...
The government of any nation is responsible for the efficient economy of the nation as well as the welfare of the citizens. It is because of this reason that the government will at times come to the rescue of the citizens and offer some goods and services at zero prices....
The factor endowment matrix is a representation of how many resources a country has available for use in manufacturing. The resources in the matrix reflect the factors of production that influence business and how it is done. It is closely associated with resource allocation with respect to how they are...
Gross domestic product is a measure used to capture the total market value of all goods and services in a country. For its calculation, goods intended only for the final consumer are considered without considering raw materials for production. GDP is combined from the financial fortunes of various sectors of...
A market-based system is an economic system that is controlled by the supply and demand of goods in the market. This type of economic system is not regulated by a central authority such as a state government. However, it is established by voluntary exchange. A lot of countries are undergoing...
China was one of the most coronavirus-influenced countries from both perspectives. On the one hand, many people experienced social instability due to the significant number of deaths and strict lockdown measures. On the other hand, China critically changed the attitude to international counteragents from “the third-world country” to equal trade...
The phenomenon of community economic development (CED) is a rather recent one due to the comparative novelty of the idea of collaboration in promoting economic growth. Nonetheless, several studies have already explored the benefits and opportunities of the specified concept, the paper by Clay and Jones (2009) being a recent...
Economic resources such as oil and gas are expected to generate wealth. However, in some cases, countries endowed with these resources suffer from a ‘resource curse’1. For that reason, these resources bring conflicts and instability instead of peace and development. A large body of empirical research has found out that...
Introduction Globalization is not a new phenomenon, but rather a concept that has started to follow the human population due to colonialism, international trade, and economic liberalism. The global economy is characterized by the increase in the exchange of goods and services, which ultimately leads to the diffusion of economic...
A fixed exchange rate ties the country’s official currency exchange rate to another country’s currency, a basket of other currencies, or another measure of value, such as the price of gold. Under the fixed exchange rate, the government “aims to stabilize the exchange rate of the domestic currency by directly...
In a country where poverty and economic inequality is so rampant, it is essential to find ways to help the economy recover. A recovering economy means more jobs and a better standard of living for the masses. One way this could be achieved is by supporting the arts, which will...
“China’s rise” refers to a political movement directed to enhance ideological belief, faith in the CPC, and confidence in the future (Xia, 2006). The rapid economic growth of China increased its impact on the international arena in many aspects. Turning into the second large economy globally, China has an ultimate...
Introduction It seems reasonable to state that both the United States and Canada are among the most developed countries in the world. They have walked a long path on their way to economic prosperity and significant socio-political indicators that imply a decent level of life for the citizens. It might...
The problem raised by the authors of the article touches on a highly relevant topic in the context of the current pandemic. With the arrival of COVID-19, many store shelves were empty, while city dwellers were buying up vast stocks of antiseptic, toilet paper, and food supplies. Unfortunately, the sellers...
Introduction Health care economics is an economics division that concerns itself with matters that regulate the scarcity in the provision of health and health care services. In other words, health care economics is the universal term this is considered to be the study of health care system operation and private...
Money works as the medium of exchange through trade.People use money for food and housing in different forms like bank deposits, cheques, credit cards and cash etc. Credit markets grow through the interaction of lenders and borrowers for balancing income and spending. Banks create the market with the joint cooperation...
Introduction After progressive and sustained economic growth during several decades, the economy of the UAE plunged significantly in 2008. The inability of Dubai World to repay its debts and its request to delay the payments for half a year caused a further downturn of the economy (see fig. 1). The...
Porter’s five forces analysis is used to determine the competitive intensity of a market and its attractiveness. By using this model we can understand the market positioning of a company, the threats from the rivalry, and what the future can hold for that industrial market. Santos Limited is one of...
Data The paper seeks to evaluate the relationship between time to maturity and yield to maturity of bonds. In order to achieve this, data for various US Treasury securities will be collected. Information on time to maturity and yield to maturity of the securities are provided in the table below....
Introduction Harry Max Markowitz is today considered as one of the most prominent American economists. This is because he conducted critical research that transformed the nature of American investments. In 1995, he wrote a Ph. D. thesis on portfolio theory while he was pursuing his studies at the University of...
Abstract This piece of work gives an in depth discussion of technical barriers to trade. Aspects such as trade policy and standards will be reviewed. Over the past decade, a rise in use of technical directives as tools of industrial policy in different contexts for instance regional, unilateral, and international...
With one of the most open and business-friendly environments in the world, Hong Kong offers excellent opportunities for companies. Hong Kong is a major center for British business in the region. In 2010, UK exports of goods to Hong Kong were valued at £4.2. Billion, up by 20% over 2009,...
Introduction It is seen that many countries in the world have rich and abundant deposits of oil and gas, but their domestic infrastructure, due to lack of necessary technical skills or knowledge, does not permit these countries to become self-sufficient in the technology needed to identify and drill these resources...
Background of France France is located in the Eurozone and the western part of Europe. France has a history of kingship, feudal lords, and a number of revolutions. Price (2014) describes that the emergence of the Ile-de-France’s authority was a key feature in its history. In the current situation, France...
Introduction Personal income tax is one of the ways that governments raise revenue to finance their activities whilst providing public services. Personal income tax is usually varied. It depends on the nation within which the individual is located and the existing monetary and fiscal policies. Many economies alter personal income...
Intermodal freight and container technology is quite crucial for the facilitation of trade globally. According to Rodrigue, Comtois and Slack (2006), there is growing volume of freight in different countries all over the world, which generate quite substantial quantity of wealth (194). Such trade present opportunities for economic growth to...
The Current tax provisions under the Economic Growth and Tax Relief Reconciliation Act of 2001(EGTRRA) provides for 10%, 25%, 28%, 33%, 35% tax rates for taxing income which expires after December 31, 2010. These rates apply for regular taxable income brackets for which marginal tax rate increase to correspond with...
Introduction The central role of Federal trade commission (FTC) is to promote and foster an environment of free and fair competition. This commission is also charged with the responsibilities of taking up: “reviews mergers and acquisitions, and challenges those that would likely lead to higher prices, fewer choices, or less...
Repatriated profits tax Repatriated income tax is a deduction made at home for income earned in foreign countries. Income earned abroad by subsidiaries of the United States’ multinational corporations is taxed based on the difference by which the tax rate in the U.S. exceeds that of the foreign country. Marr...
Executive Summary The implementation of USMCA has been critical in enhancing and regional cooperation among the US, Canada, and Mexico. The overarching aim of the renegotiation of the NAFTA and the implementation of USMCA include the need to protect workers’ fundamental rights in the respective member states, protecting intellectual property...
The current study employs a quantitative design to explore the relationship between demand and supply in the Hawaii housing market. The independent value is housing supply, and specifically, the number of residential units constructed annually between 1993 and 2015 and annual commercial building permit value between 2002 and 2013. The...
Following the outbreak of coronavirus and the introduction of social distancing, the number of online purchasing and internet operations has dramatically increased. The US International online markets such as Amazon and eBay and technical service providers like Facebook and Google have widened their range of influence and have reached financial...
Implementation of expansionary fiscal policy can have both positive and negative consequences for the economy. It can be an effective tool in reducing the unemployment rate and boosting business investment. However, it is also associated with certain macroeconomic risks, most notably inflation. The correlation of inflation and unemployment rates is...
The modern world can be viewed as an extremely globalized one because of the evolution of different means of transport and the development of technologies that provide multiple opportunities for improved cooperation. The given factor becomes the major determinants of the majority of processes that are important for the evolution...
Introduction The fields of economics and sociology offer powerful concepts for studying communities and how human beings engage in various activities to generate income. In some regions, cases of inequality and injustice are usually prevalent, thereby affecting the experiences and outcomes of the affected citizens. Different scholars and philosophers have...
Nowadays, the impact of COVID-19 on countries’ economic and social lives cannot be neglected. Some organizations are able to make necessary transformations and survive the associated crisis. However, in the majority of cases, negative impacts on economies are observed. In Toronto, Canada, job uncertainty (for small business and self-employed individuals),...
Introduction The economy cannot be considered as a stable phenomenon without fluctuations and changeable factors that affect a plethora of actors. It has both booms and slumps that are to be taken into account while undertaking any strategic management activities. History shows that the perception of the economy that contradicts...
Introduction International agencies emerged as a response to the two world wars and due to the desire of people to address issues collectively to achieve the most optimal results. The organizations aim at solving major problems and contributing to the sustainable development of all people by bringing balance and helping...
The modern economy is a complex system built on the interdependence of government and banking operations and principles. Larry Hannigan’s story demonstrates the gradual creation of such a system and its principles through fictional characters and exaggerated images. Such explanations help the reader understand the basics of banking and economics...
Introduction The international monetary fund was established in 1945 after the Bretton woods agreement of 1944 to fulfill three obligations. It was intended to serve as a common forum for multilateral economic cooperation; this was to create a level playing ground as well as cushion other countries from an individual...
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...
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 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...
