Economics Essay Examples

Andrew Gamble posited that Thatcherism had a two-fold nature consisting of a “dedication to the unrestricted market” and “a powerful government.” Nowadays, the Conservative Party should strive to disassociate itself from the legacy of Margaret Thatcher, Britain’s inaugural female Prime Minister. Throughout her tenure at the helm, the party espoused both neo-liberalism and neo-conservatism, which […]

In this essay, the author intends to examine the factors that have influenced the requirements of 21st-century travellers and tourists. They will analyze technological advancements and their impact on travellers. Additionally, the author will assess how globalisation’s perception has transformed. Starting with an explanation of how organizations function, the impact of Henry Ford on businesses […]

This article presents a debate on the topic of intellectual property rights. You will probably find it interesting to start off the topic with this quote: “The public will learn that patents are artificial stimuli to improvident exertions; that they cheat people by promising what they cannot perform; that they rarely give security to really […]

The combination method of local economics, civilisation and sophistication through the worldwide system of communication, transportation and trade is known as globalisation. The combination of the local economy to the foreign economy through different activities such as international trade, investment, international migration and the expansion of new innovation which are related to economic globalisation. It […]

During the era of rapid industrialization in the United States between 1880 and 1910, Henry Ford established the Ford Motor Company, which was one of the many large organizations formed at that time. In 1908, the production of the Model-T was initiated by the company, resulting in 15 million sales. This vehicle was unique for […]

Our society has been changing all the time, bases on the fundamental innovations occurred at workplaces. Since 1970s, the UK society has been undergoing significant changes in many aspects, moving forward from a traditional industrialized society. As an important part of this process, methods of organizing production are also changing considerably. From a Fordist society […]

Porter, recognized as the Father of Competitive strategies, delineated five forces that prompt competition within industries. In 1986, he expounded on how these strategies could be applied in the industry, including: (1) competition issues arising from new competitors entering an industry and their endeavors to enter new markets through geographic or vertical expansion which may […]

Kodak, situated in New York and founded in 1892, works within the field of photography. Its worldwide earnings exceeded $13 billion during the prior financial year. Kodak overhauled its business strategy when it lost the instant camera patent to Polaroid and chose to prioritize emerging technologies. Management elements of Kodak were put in place to […]

The current credit crisis and the transatlantic mortgage financial turmoil have questioned the effectiveness of bank consolidation programme as a remedy for financial stability and monetary policy in correcting the defects in the financial sector for sustainable development. Many banks consolidation had taken place in Europe, America and Asia in the last two decades without […]

Bill Gates could have simply fulfilled the original deal with IBM by providing them with the three or four languages that Microsoft was capable of creating if he followed a linear thought process. However, Gates went beyond that and obtained DOS from another company, licensed it to IBM, and demanded royalties. This demonstrates a non-linear […]

Land, labor, capital, and entrepreneurship: These are four generally recognized factors of production. Of course, in a literal sense anything contributing to the productive process is a factor of production. However, economists seek to classify all inputs into a few broad categories, so standard usage refers to the categories themselves as factors. Before the twentieth […]

A merger involves the combination of two companies to form a single entity, much like an acquisition or takeover. However, unlike in an acquisition where one company purchases a majority of another company’s stock resulting in uneven ownership distribution, both companies’ shareholders maintain joint ownership in the newly formed corporation after a merger. As such, […]

Just as MarksSpencer underwent a five forces analysis, Vodafone must also be analyzed within the telecommunications industry to evaluate its performance. This analysis notes that barriers to entry in this industry are quite high due to the significant capital expenditures required for entrepreneurs to enter this market. The telecommunications industry is relatively stagnant in terms […]

There is a significant contrast between the measurement of costs using the traditional costing method and the ABC costing method. The allocation of activity costs to products by ABC is done using cost drivers, while traditional costing method uses quantity drivers such as direct labor cost. The continuous use of traditional costing method, which has […]

The main topic of this Macroeconomics research paper is the disparity between the supply and demand of foreign oil. It analyzes the OPEC investigation and America’s dependence on foreign oil, as well as how this uneven distribution impacts the US economy. This paper investigates the expenses of crude oil, gasoline, and aviation gas. It also […]

The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions. It is not difficult in the sense in which mathematical and scientific techniques are […]

Dear (Name of Recipient) Greetings I am, (Name), and I am applying to your university for a major in Economics. My initial interest in Economics grew from my early exposure in this field. Many of my relatives are active practitioners. Another reason I have chosen this as my major is my innate curiosity in the […]

In order to efficiently review the importance of the management of the supply chain in all industries especially among the members of the Health Care, this study shall first review the different theories of supply management, and give an overview of each.These theories are the following, as enumerated by Halldorsson and his colleagues (2007): Resourced-based […]

The concept of Elasticity of Demand, as defined by Moffat (2010), refers to the responsiveness of demand for a product or service to changes in price. Similarly, Cross-price elasticity quantifies the proportional change in demand for one item when there is a price change in another item, according to Moffat (2010). If two items are […]

Internationalization is essential for many companies due to the prominent trend of globalization in the global context. Regardless of size, a country’s growth often involves natural internationalization. Hence, Multinational Corporations (MNCs) have various reasons for opting for internationalization. When a company decides to expand internationally, there are clear advantages such as growth, increased turnover, higher […]

Although the alcohol tax increases every year, consumers still consistently buy it, which shows that they continue to demand alcoholic beverages despite the additional financial strain. This is also evidenced by a 50% increase in alcohol consumption since 1970. (http://news.) The website bbc.co.uk/1/hi/health/3533315.stm supports my argument concerning the inelastic demand for alcoholic spirits. Graph 2 […]

Regulation is spoken of as if an identifiable and discrete mode of governmental activity. Selznick’s notion of regulation as sustained and focussed control exercised by a public agency over activities that are valued by a community has been referred to as expressing a central meaning. It is perhaps useful to think of the word regulation […]