The modern business environment is characterized by an intense level of competitiveness. While this may not be good for the suppliers of products and services in the short-term, it is certainly good for the consumers because a high level of competition reduces the level of prices so that consumers can enhance their standards of living with the same purchasing power that they had before. The […]

Confessions of an Economic Hit man John Perkins The reasons as to why I selected this book was heavily weighted on my personal interests. The fact that I am interested in matters of economics, imperialism, capitalism and deception and corruption on a government level, made reviewing Confessions of an economic hit man an enjoyable experience. “For them, this is a war about the survival of […]

In this growing economy, where people are involved in a rat race for survival, there are times we do not realize that the deeds we are doing for the betterment of the economy could affect our lives. An example of such a scenario could be the toxic secretion of a leather industry into the sea. Of course when we look at the leather factory, we […]

The author should address the use of labor laws to increase productivity and rebuild family bonds as our previous economy. The labor laws must reflect the new changes in our New Economy in order for traditional workers and corporations to flourish. Increased productivity can reduce the workloads of all workers once our economy reaches a successful standpoint in comparison to our forefathers. Economists call this […]

The economic success of the East Asian countries has inspired many economists to study the background of their rapid growth. Interestingly, different economists interpret this success in entirely different ways. During the 1970s and an important part of the 1980s advocates of the neoclassical model argued that growth in East Asia was the result mainly of the market mechanism and the emphasis on export promotion […]

Economic Economics is the science that studies how people and societies make decisions that allow them to get the most out of their limited resources. Because every country, every business, and every person deals with constraints and limitations, economics is literally everywhere. This Cheat Sheet gives you some of the basic essential information about economics. The Big Definitions in Economics When studying any subject, a […]

P7. 6 Optimal Input Mix. The First National Bank received 3,000 inquiries following the latest advertisement describing its 30-month IRA accounts in the Boston World, a local newspaper. The most recent ad in a similar advertising campaign in Massachusetts Business, a regional business magazine, generated 1,000 inquiries. Each newspaper ad costs $500, whereas each magazine ad costs $125. A. Assuming that additional ads would generate […]

Chapter I 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Small and Medium-Scale enterprises (SMEs) play important role in the economy. Apart from creating jobs for the unemployed Ghanaian youth they also serve as a source of innovation and competition to the larger firms, providing a source of alternative supply of products. They also contribute their quota to the development of the nation by paying taxes. […]

This paper will discuss the history and evolution of healthcare economics and healthcare funding timelines. In the 21st Century healthcare has proven to be one the largest industries world. The healthcare industry has changed dramatically in the last hundred years. As changes and progression are examined, it becomes clearer that healthcare and the economy it has created, is an important part of American life. The […]

Advertising Is form of communication intended to persuade an audience (viewers, readers or listeners) to purchase or take some actions upon products, Ideals or services. It includes the name of a product or service and how that product or service could benefits the consumer, to persuade a target market to purchase or to could benefits the consumer, to persuade a target market to purchase or […]