Economics Essay Examples

Economic failure could be defined as a period in history in which industrial production and productivity fell, unemployment rose on the whole, exports decreased, imports increased and disposable income and consequently consumer spending fell. It is also indicated by the loss of competitiveness for the staple industries in the global market. Growth of new industries […]

When the Nazi Party came to power in 1933 it had two main aims – to solve unemployment, and to make Germany as strong an economic and military power as possible, so that the humiliating and devastating defeat of the First World War could never happen again. In order to do this, several areas had […]

There have been always different economics systems all over the world. Countries can be either free-market economies or command-planned economies. There are not pure free-market or command-planned economies in the world, only a few. These are just paradigms and most countries are mixed economies, economies with characteristics from the two extreme economic systems. The differences […]

According to Waldron (2003, P1), an economic system is a way to coordinate people’s actions in a society to determine what to produce, how to produce it, and for whom to produce. To assess the effectiveness of an economic system, one must analyze resources efficiency, which includes allocative efficiency (what to produce), productive efficiency (how […]

The adoption of retrenchment strategies by companies has resulted in an increase in unemployment rates, which can have negative consequences for both the firms and states. This is because high numbers of layoffs lead to state and federal governments being required to raise unemployment insurance taxes, which negatively affects public image and increases financial costs […]

It has been said that small business is the growth engine of the United States Economy. During a period of economic growth and expansion, small businesses create jobs at a much faster rate than large corporations or the federal government. But during periods of economic down turn, small businesses struggle to maintain full employment for […]

During the 1800s, urbanization has been one of the turning points in history, and a significant increase in the population has been one of its greatest impacts. This is due to the foreign immigrants that began pouring in the cities as well as the migration of people from the farms to the cities. Aside from […]

Inflation in an economic perspective is measured as a growth of the money supply in an economy, without a general increase in the supply of goods and services. The end result of inflation is rise in the general price level. There are three major types of inflation: Demand-pull inflation, cost push inflation and built-in inflation. […]

Airline labour has been severely affected by the global financial difficulties worldwide. The harsh economic conditions have resulted into reduction of job opportunities and work alterations. In 2009, the major UK airlines had to cut jobs opportunities whereby XL Airways a UK based airline employing about 1800 staff and Dalavia a Russian carrier with about […]

Unemployment is an ongoing problem throughout the world. One may asked, what is unemployment? It is the number of persons who are willing and able to work but are unable to find jobs. Unemployment is harmful to a country because it imposes costs on a Society. The cost of employment to a nation can be […]

Unemployment refers to the condition and extent of joblessness within an economy, and is measured in terms of the unemployment rate, which is the number of unemployed workers divided by the total civilian labor force. If unemployment rises in a country it will affect the country’s standard of living in a negative way, take Jamaican […]

The market forces analysis will be viewed in terms of macro-environment aspect of external marketing environment. The macro-environment consists of the broader set of forces that have a bearing upon the market performance of the company. The key aspects of the macro-environment of Oxford Bicycle Manufacturers Ltd are summarized as PEST factors and they include […]

External factors consistently affect both the success and failure of a company. To evaluate the competitiveness of Deutsche Bahn and TGV, it is essential to consider several factors such as politics, population, culture, and history. Although Deutsche Bahn is presently one of the biggest railway companies globally and state-owned, plans already exist for its privatization. […]

Railways in Britain proved an important stimulus for economic development. Reducing the cost of transportation, they helped increase the circulation of goods and therefore raised production volumes, helping create more jobs. It was cheaper to transport goods by rail than by roads since more goods could be transported in larger batches. Since goods were now […]

Evidently, “fair trade” is a handy tool, to be used to advantage against others, but not to be allowed to embarrass oneself. An important lesson about PTAs emerges from this experience. When it comes to trade liberalization with only one or a few nations, in a typical PTA such as NAFTA, it is easy for […]

The law of supply and demand states that any changes in supply can directly impact price and affect demand. An excess of goods results in reduced consumer willingness to pay, while scarce supply with constant demand leads to higher prices due to limited availability. Modifications to the law of supply and demand can occur for […]

When considering the opportunities of going global, Nigeria must take into account various factors that could impede its competitiveness. Despite Nigeria’s stable export base of oil and gas, it encounters challenges in achieving global interconnectedness and interdependence. These obstacles encompass the rapid advancement of technology, mechanical progress, financial stability, and political peace. However, in 2006, […]

Organizations are constantly trying to find out ways to protect their confidential data while outsourcing IT employees and are trying to maintain their control while only subcontracting non-core tasks. Moreover, it is predicted that organizations will only settle for short-term deals to tackle the flexibility issue and will only outsource a smaller percentage of operations […]

Introduction Countries participate in international trade for two primary reasons: the concept of comparative advantage and the concept of opportunity cost. On Valentine’s Day, the demand for roses in the U.S. is around 10 million roses; however, due to differences in climate, land, capital, labor, and technology between countries, it is challenging to grow roses […]

Chapter I: The Problem and Its Background Introduction Crime has always been a societal issue, contradicting society’s values and violating laws. It affects different groups in different ways and impacts almost everyone to some extent, especially during times of economic advancement. The undeniable financial and emotional burden that crime places on society is evident. Numerous […]

Of the factors that affect economic growth the Industry of 011 and gas Is one that holds a stronghold In the world’s and America’s economy today. When evaluating the economic growth factor of economy and specifically oil and gas on must consider the following questions: ” What relationship does the factor have with the whole […]

Introduction Rwanda is one of the smallest low income African states and a post- struggle state that portions boundaries with Uganda in north, Democratic Republic of Congo ( DRC ) in West, Burundi in south and Tanzania in E, Having emerged from the 1994 race murder and civil struggle and wars which claimed over one […]