Category: Economics 2707

Definition of externality Externality may be defined as a benefit enjoyed or a cost incurred yet it is not factored in the price of the commodity consumed. This means that a consumer may enjoy benefits without having to spend on the acquisition of that benefit or he may incur a cost without having to be…

Table of Contents Introduction Clusters Clusters and competition Productivity Clusters in undeveloped economies Conclusion Reference Introduction A city as has been defined by Frey & Zachary (1998) as a dense urban agglomeration. Societies have been rapidly transformed from primarily rural to primarily urban and the notion of urban changes from time to time. It is…

Introduction The concept of internationalisation emerges from an attempt by companies to expand their enterprises beyond their primary markets (Liker & Meier 2005). Although researchers rarely agree on what internationalisation entails, many of them have developed different theories to explain the process (Ramanathan 2009). Common theories include the absolute cost advantage theory, the comparative cost…

Size Germany is located in the center of Europe and borders the Netherlands, Denmark, Belgium, Poland, Luxemburg, Czech Republic, France, Austria, and Switzerland. The Federal Republic of Germany has an area of about 357 010 square km (61st in the world), which is equal to the general area of the state of Montana in the…

Table of Contents Introduction Modern economy Characteristics of the market equilibrium Conclusion References Introduction The labor market is constantly moving. As in every other market, the constant interaction of demand and supply influences the determining of various factors like the employment rate, the minimum wage, the wages according to categories, etc. Modern economy In the…

In this paper, we are going to discuss the economic situation in such a developing country as Rwanda. In particular, it is necessary to carry out growth diagnostics and propose the strategies, which may help to overcome the difficulties that this state currently faces. In this work, we rely on the research articles, written by…

Although ROI and EVA are the techniques used to evaluate a companys performance, comparing and contrasting them can help understand why managers choose one over the other depending on particular situations. Both approaches measure organizations profitability and value, vital in making the decisions related to planning management incentives, compensation strategies, and capital investment (Al-Afeef, 2017).…

Introduction Price elasticity refers to the percentage change in the quantity demanded caused by the price change (Arnold, 2015, p. 505). This is a key concept in economics and is used by companies and business analysts to predict the impact of price changes on the quantity of products or services demanded or purchased by customers.…

Table of Contents Introduction Macro trend The International Monetary Fund (IMF) Conclusion Bibliography Introduction The focal point of the paper is to argue in favor of the International Monetary Fund (IMF) and its success in managing the international financial system. In economics, a wide description is that globalization is the union of prices, wages, products,…

Table of Contents Subsidizing Tobacco Sheltering Income from Taxes Campaign Contributions Water Services Privatization References Subsidizing Tobacco The United States government resorts to subsidizing the tobacco producers as the means of developing the countrys agricultural sector of economy (Skolnick and Currie, 2007, p. 58). The major programs and initiatives taken by the government to assist…