Economics essays

Interest rates refer to the cost of credit or debt capital computed as annual percentage ratio (APR) interest to the principal. Lower interest rates are set with the aim of spurring an economy out of recession. Although low interest rates encourage businesses and consumers to borrow and buy more which tends to put money into … Read more

It is not a rare phenomenon to feel a bulging wallet in your left pocket with loyalty cards inconveniently sticking out, as you try to be savvy and maximise on savings. Paradoxically, a similar concept in service provision carries a ‘loyalty penalty’ for British consumers, who are losing out on £4bn a year (CMA, 2018). … Read more

Charles Darrow, maybe some people have never heard this name before, but the board game he invented is legendary. Everybody has played it before whether with friends or family and most people love it, even though it causes many fights and conflicts between the individuals. This game is called “Monopoly”, the legendary board game which … Read more

Section A: Microeconomics Question 1 A. Market Equilibrium (Fig. 1) Market equilibrium is the position at which the demand becomes equal to the supply and this helps in analysing the price which needed to be charged, and such price is known as an equilibrium price. The equilibrium price is the point where demand and supply … Read more

Section 1 Cultural Differences: As the world has become globalised, countries are opening up their economies to increase trade and decreasing trade barriers to set up business in another country. So before setting business in another country it is essential for the managers to understand the cultures of host country because every country has different … Read more

16th March 2020 The news story by Bill Curry “Liberals to unveil federal budget, economic package worth $1 billion in response to COVID-19” published in The Globe and Mail on March 11th 2020, summarizes the government of Canada’s current response to the global coronavirus pandemic. This article was chosen as it relates to the unit … Read more

Laissez Faire system and the economic policies that stem out of the system are undoubtedly, a produce of the West i.e Global North. The likes of Adam Smith and John Stuart Mill propagated it, but that was two centuries ago. Laissez faire is a very prominent feature in the Global North in this day. In … Read more

Abstract In recent years, Africa has been undergoing its own industrial revolution. With a young and talented population, African nations are destined to reach their economic objectives. Africapitalism is an economic term that was introduced by Mr. Tony O Elumelu and it is quite a hot topic on the African continent. Mr. Elumelu is a … Read more

This case study will address the concept of inflation – the rise in average level of prices sustained over time that corresponds to a fall in the internal (domestic) purchasing power of money – with regards to Venezuela. The goal here is to explore several trains of enquiry in order to critically evaluate the impact … Read more

Plenty, ‘cuts’ and ‘waste’: how young professionals imagine the economic in post-recession Peckham Abstract This report looks at how young professionals interviewed in Peckham in 2012 conceptualise the post-recession economy in the context of their personal household and the local borough. It takes a grounded theory approach to the secondary analysis of nine transcripts drawn … Read more

Economic development is a fairly new idea that arose during the early twentieth century. Many theorists attempted to define economic development and to differentiate it from the concept of economic growth.According to economists, Gerald Meier and Dudley Seers, these two concepts are different from each other and they stressed that economic development cannot be equated … Read more

In his State of the Nation Address 2014, President Jacob Zuma, concedes that despite the achievements of the democratic government, South Africa ‘still faces the triple challenge of poverty, inequality, and unemployment’ (State of the Nation, 2014). This triple challenge of poverty, inequality and unemployment, is the democratic government’s biggest test to date. The arguments … Read more

Bank of Japan’s (BOJ) assessment to adopt a negative interest rate to encourage borrowing, spending and investment has failed to have the intended effect as the Japanese government continues to accumulate a debt of 233% of GDP in late 2018. Lower interest rates imposed by the BOJ to revive the economy has failed to intensify … Read more

Economic globalization is the process of increasing the financial integration amongst countries. Consequently, economic globalization leads to the development of a “global marketplace” or “a single world market”. Economic globalization is enhanced by the accession of multinational enterprises, which result into the rise of the profits of that “global marketplace”. It is hard to define … Read more

Title: Globalisation has benefited everyone. It helped all the people to increase their living standards, brought advantages to organisations and businesses and enabled economies to develop.” Discuss Introduction We live in a self-regulating world. Countries are influenced by the economic health of other countries and by their governments’ policies. Problems in one part of the world can … Read more

Free trade is a trade where countries carries out economic activities ‘without restrictions or barrier such as import and export tariffs’, barrier to market entry and policies (Johnston, Gregory, & Smith, 2011, free trade). Many countries have reaped benefits from free trade and especially developing countries. Some benefits include improvement in infrastructures, expanded markets, access … Read more

Non-democratic regimes are forms of government which are controlled by only a small group of individuals, who “exercise power over the state without being constitutionally responsible to the public.”[1] According R. Tannenbaum and W. Schmidt, such regimes result in “autocratic leaders [ruling] by issuing threats and punishments and evoking fear”[2], while Freedom House suggest there … Read more

According to Keynesianism, choices took by the private sector occasionally have ineffective macroeconomic outcome. As a consequence, this school of macroeconomic idea supports the usage of vigorous strategy and fiscal response measures by making use of the public sector, monetary policy actions started by the central bank and fiscal policies espoused by the government with … Read more

The similarities and differences between the Australian and Chinese economies provide an interesting comparison of economic systems throughout the world. They both differ and coincide with each other’s economic growth, environmental sustainability and the role of each of their governments. Since the late 1970’s, china has begun to move from a closed, centrally planned system … Read more

During the Early 1900’s and late 1800’s a drastic shift from agrarian society to an industrial economy occured, bringing about new patterns of production. It created new class structure, clearly separating the wealthy and working class. Factory assembly lines replaced apprentice workshops and machines replaced skilled craftsmen. Entrepreneurs Like John D. Rockefeller and Andrew Carnegie … Read more

Externalities can be simply defined as unintended consequence to an action, weather that be positive or negative. In the energy market, externalities are almost always negative as the process to obtain energy for commercial use can exploit workers, generate toxic waste, and be unevenly distributed. Unfortunately, energy producers most often do not take the social … Read more

Income inequality has been a long-term issue in the United States but more recently an article came out about how racial economic inequality benefits the richest 1%. Americans are consistently struggling when it comes down to African Americans and Caucasians and the inequality between the two is baffling, not only in income, but all aspects … Read more

Many people believe that the digital currency such as – bitcoin and cryptocurrencies are the trendiest investment and opportunity currently accessible. Certainly, there are so many stories of individuals becoming millionaires through Bitcoin investments, for example Mr. Smith from the article “Meet The Man Traveling The World on $25 Million of Bitcoin Profits” (Bishop, J. … Read more