Category: Economics 2707

The U.S. housing bubble burst was a famous economic event that affected more than half of the states in the country during the beginning of the 2000s. It was characterized by housing prices being considerably changed in several years: an evident peak in 2006, a sudden decline in 2007, and a financial crisis in 2008…

Executive Summary A large Canadian company is considering expanding its foreign operations to include Taiwan. It has an approximate size of 36,200 square kilometers. As a result, this country is an attractive market due to its large population of 23.5 million people. In this market, the Canadian company is expected to face fewer challenges because…

Countrys Macro Environment The Description of the Country Mexico is a country with a total population of 129,163,276 (as of the end of 2017) that is located in the Southern area of North America, having borders with Belize, the United States, and Guatemala (Mexico: Introduction, 2018). The countrys income level is considered to be the…

Executive Summary Venezuela is located in Latin America, and its gross domestic product (GDP) significantly depends on the countrys oil and gas industry. The current economic and political situation in the country is unstable, characterized by hyperinflation, high levels of bureaucracy, governmental restrictions for businesses, high levels of poverty and unemployment, and a low ratio…

Table of Contents Introduction Comparison of Planned and Market Economies Business Regulations in a Capitalist Society Conclusion Works Cited Introduction Whereas there are diverse variations of economies, planned and market economies are considered the dominant ones. It is important to emphasize that they are contrastingly different: corporations in counties with the planned economy are owned…

Economic development varies from one country to another depending on the nature of economic and non-economic factors. These factors determine the quantity of goods and services that a country generates in a given period, as well as the trend of the real gross domestic product (GDP). Capital, technology, population, and natural resources are significant economic…

Introduction In the 20th century, China and the USSR were two of the largest planned economy systems; they took action to transition towards a liberal market economy. However, the methods they chose were different as China implemented changes gradually while Russia showed a more radical approach. As a result, the countries presented significant differences in…

Theories of value by Adam Smith and David Ricardo explain why goods are exchanged for certain amounts of money in the market. Both theorists stated that labor is the basis of all value and that the value of a good can be estimated by the number of labor hours needed to produce it (Clark 1547).…

Housing affordability in Canada remains an acute problem for many areas of the country. This report provides a detailed analysis of the issue, its background, and its reasons. It discusses trends in Canadian housing affordability, presents statistical data for all provinces, and addresses core housing needs. The paper concludes that British Columbia and Ontario are…

Table of Contents List of Considerations Joint Venture Business Plan Mission Statement Timeline Profit Opportunities and Risks References List of Considerations The establishment of a foreign office is a complex and sophisticated issue that might demand consideration of critical factors that will impact its functioning. First of all, top management should consider the existing legal…