Category: Economics 2707

Table of Contents Introduction The Customer is Always Right Conclusion Reference Introduction In business, companies, managers, and employees strive to offer the best customer service because happy customers lead to more sales and higher profits. The customer is always right is a cliché statement that is used as a foundational philosophy for running successful businesses.…

Global economic conditions contribute significantly to the decline in the sources and amount of funds that public libraries receive. According to Collins (2012), economic recession compels public libraries to reduce their budgets and operate in deficits. In the 21st century, public libraries are increasingly becoming important institutions because of the increasing number of scholars, who…

Anti dumping action differs from safe guard action in the sense that, a variety of a method is obtainable in the determination of dumped goods. This can involve the inspection of the cost of the goods in the manufacturers domestic market. If it is not possible to access through this means, then two other solutions…

Marginal revenue is defined as the change in revenue influenced by a change in the quantity sold (McConnell & Brue, 2012). As discussed by McConnell & Brue (2012), the marginal revenue curve just like the demand curve is affected by factors like change in income, change in prices of substitutes and complements, and population change.…

Table of Contents Introduction Functions of the Fed Saving the countrys financial system Conclusion Works Cited Introduction The Federal Reserve came under overwhelming criticism during and after the 2007/2008 global financial crisis. Economists and the public alike were quick to lay the blame on the Fed for allowing the countrys financial system to crash. Globally,…

Introduction The Federal Reserve Bank of Minneapolis (2010) argues that the United States is in the midst of an affordable housing shortage or even worse, an affordable housing crisis. The biggest concern now for the country is the fact that the majority of the people are living in unaffordable houses, putting into consideration their levels…

Today, technology has become an integral part of all spheres of our life  from birth to retirement. Through the use of low-cost resources and human labor, world technology giants produce more and more products. However, the use of these products is unevenly distributed throughout the world, whereas human needs continue to grow. This paper…

Table of Contents Introduction Prior Events The Crash The Aftermath Conclusion Works Cited Introduction The 1930s were characterized by a global economic crisis that is known as the Great Depression. It is generally thought to have begun in 1929, with the dates Black Thursday and Black Tuesday, which mean October 24 and 29 of that…

What Is Discretionary Fiscal Policy? The fiscal policy itself deals with government spendings and tax levels to manage the countrys economy and can be of several types. Discretionary fiscal policy is the policy where the government itself changes the tax rates and its spendings according to a specific goal. These are not automatic changes according…

Table of Contents Introduction Economic recession impact on United States Workers Conclusion Works Cited Introduction Since last year, the world has been going through an economic recession and this has led to a financial crisis around the globe. This has also led to many companies collapsing and hence it has had a direct impact on…