Category: Economics 2707
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Consumer Behavior: Persons Age or Generation
Introduction Consumer behavior can be defined as the study of when, why, how and where people do or do not buy a product (Torocsik, 2003, p. 2). The study tries to comprehend what drives buyers to decide on what to or what not to purchase (Murray, 2002). Several studies conducted have revealed the basic factors…
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The World is Flat by Thomas Friedman
Table of Contents Introduction The world is flat The world is not flat Conclusion References: Introduction Nobody can convince Charles Johnson that the world is not flat. Not when it looks that way from his front yard. His home in South California stands on a hillside. Everything within several miles of his home is visible…
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Business Environment: Australian Companies & Chinese Market
Executive Summary Chinas economic potential has been a source of attraction to companies in various countries, notably Australia. Various Australian companies have ventured in China market. Among these include BlueScope Still in the manufacturing industry, Elders Livestock in the agricultural sector, and Australia and New Zealand Banking Group Limited (ANZ) in the banking industry. The…
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Bretton Woods System, Its Pros and Cons
Bretton Woods or adjustable pegged system can be described as a semi-fixed exchange rates system (Carbaugh 460) that has allowed tying different currencies to each other thereby facilitating interracial financial transactions. The main advantage of the adjustable pegged system is the elimination of uncertainty and risk related to fluctuations in the exchange rate. Therefore, it…
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Managing an International Joint Venture Company
With the ongoing globalization process, the joint venture has become an essential expansion strategy in the world. Businesses and firms have opted to use joint ventures in order to maximize their production capacity and their profitability level. Basically, the joint venture is a special expansion strategy where a firm makes up some equity arrangement with…
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The Difference Between Standard Loan and Discounted Loan
Capital investment is fundamental for any organisation to help in promoting the effectiveness of its operations. However, the investment usually requires a lot of capital. Therefore, organisations have to find ways of raising adequate monies for that purpose. Jay-Hyung et al. (2020) state that capital funds can be raised in various ways preferable to the…
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Principle Sources of European Commission Discretion
Many definitions have been advanced by numerous scholars in trying to give the most fitting meaning of safeguard action. However, for the purposes of this writing, we are going to adopt the much reverenced definition of the Australian government (2001) which simply says safeguard action is an emergency action that May be taken where a…
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Managerial Economics, Market Power
This is a research paper on market power which is a part of managerial economy. It starts with defining the topic and area of research, later getting into the path for recognition of different aspects and scopes of the topic. The major ideologies linked with market power are stated and analyzed to absorb the possibilities…
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The Global Citizenship Concept
Table of Contents Introduction Background of Global Citizenship Globalism and Globalization Global Citizenship and Personal, Academic, and Professional Goals Conclusion References Introduction The concept of global citizenship represents the idea that an individual can possess extensive knowledge revolving around what goes on in the wider world. Therefore, sustainable and equitable action is taken by global…
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Stadium Development: Economic and Political Structure
There have been various controversial issues regarding the sources of funds for stadium development. Researchers have evaluated these structural appearances of the stadiums in economic and political dimension (Gratton, Shibli, & Coleman, 2005). Some researchers argue that stadiums developments are private issues and should be constructed as public resources through government funding. However, the proponents…