Nobody downloaded yet

There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss - Essay Example

Comments (0) Cite this document
Starting a business needs consideration of economy where the business is located with the factors that are available to operate the business and the returns from the start of the business (Champ & Freeman, 2001). The essay brings out the factors that a business should consider…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss
Read TextPreview

Extract of sample "There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss"

Download file to see previous pages A high cost economy is an economy with a high growth and security in the economies. There are characteristics that are considered in both the economies to ensure there is satisfaction in the business that is put up in an economy (Cipolla, 2007). The economies are evaluated through the degree of per capita in the countries, the general living standards of those that live in the country, the infrastructure that is available and the level of industrialization. Examples of high cost economies in the world include Italy, Norway, Denmark, Japan, United States, Germany, France and Canada among others (Cipolla, 2007). Low cost economies include most African countries, Vietnam, Afghanistan, Philippines, Pakistan and India.
There are factors that are considered before starting and operating a business. Knowledge and expertise is considered in the success of a business. This will dictate the production in the business. Market and demand are also considered in starting a business. A business is started so that it satisfies the needs of consumers through demand (Hargreaves, 2007). Other factors to be considered include costs of starting the business, capital in the economy, competition and the location of a business.
Starting a business in a high cost economy is better than stating a business in a low cost economy. In operation a business in a high economy, the economy is able to benefit from the high level of literacy in the regions as these results to high trained workforce. The business will be able to acquire the skills that they need for operation. The situation is different for a low economy (Perry, 2002). A low economy is characterised with low level of literacy with low level of skills of the workforce. The economies depend on the government for providing education and have low ratio of public expenditure assigned to education. Operating a business in the low economy ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“There are more benefits of starting a business in a high cost economy Essay”, n.d.)
There are more benefits of starting a business in a high cost economy Essay. Retrieved from
(There Are More Benefits of Starting a Business in a High Cost Economy Essay)
There Are More Benefits of Starting a Business in a High Cost Economy Essay.
“There Are More Benefits of Starting a Business in a High Cost Economy Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss

HS2- cost vs benefits

...? HS2-COST VS BENEFITS By Presented to Greatrisks are linked to High Speed 2 (HS2) although it is viewed as the latest long term government project. Its risk lies in the higher-than-forecast in costs and lower-than forecast in benefits. Its commercial viability is at stake and will a need increased subsidies. The tax payers are entitled to pay high proportions of financial risks not indicated by DfT in the Economic Case. The financial risks in HS2 are greater than that of HS1. HS2 route is not economically viable but only gold-plated to comply with certain political demands. The...
11 Pages(2750 words)Dissertation

Low cost carriers

...?Low cost carriers Introduction The rising cost of living and conducting business has led to the emergence of a group of airline companies that are categorized under the low cost carriers or budget airlines that have low fares and less comfort services as compared to other airlines. As the airline has tremendously reduced cost of tickets, the companies charge an extra cost for the foods, seat allocated and luggage of the traveller to help offset the low price of fare charged. The analysis of the operating structure of airlines with low...
12 Pages(3000 words)Essay

Low Cost Airlines

...? Low Cost Airlines Low Cost Airlines Introduction Irrespective of the decreasing trend facing the airline industry, low-cost airlines are realizing higher levels of success, which is evident from their increment of the number of passengers using their services, profit levels and turnover (Brander and Zhang, 1993). Although the tragic events that have taken place in the past, and those of recent years have had a major impact on the air transportation industry, low-cost airlines appear relatively immune to the changes and the environmental changes threatening traditional airlines. For more...
7 Pages(1750 words)Essay

Low cost airline

.... Southwest has excellent labour relations and a cheery, family-style culture, reinforced by lots of company events. But recently its cabin attendants have been seeking new contracts that, if granted, would include some of the conditions that their counterparts enjoy on network carriers ( Whatever strategies the budget airlines choose, it is clear that the original business model is evolving on both sides of the Atlantic. As they move upmarket in America to fill the void left by big network carriers, and as they move to more expensive airports in Europe, the risk is that low-cost carriers everywhere will start to acquire the very same...
48 Pages(12000 words)Dissertation

Low Cost Airlines Case Study

...the entry in the industry of Low Cost Airlines. SOUTHWEST AIRLINE The Southwest airline initially started its operation with short-haul destinations i.e. less than 1,500 km, and at present the company has increased its activities beyond the initial values. It has introduced new airplanes into operations, but initially it was particular number of airplanes which were on continuous run. The performance of the Southwest airline has been encouraging due to adoption of effective techniques, the company recorded net profit of USD 413 million in 2001, which is lower than in 2000, but the company was the only profitable airline in United States in 2001....
7 Pages(1750 words)Case Study

Low Cost Airlines

...created their lines of low cost air transport. Even though these full fare operators still stick to their traditional business models of catering to the more affluent customers, they are now devoting at least part of their operations to the low fare concept. It should be noted that this intense rivalry can be directly seen on how airlines like British Airways are promoting their new line of no-frills air travel in order to ward off further cannibalization of market share. In order to do this, large airline companies often capitalise on their size and economies of scale. Full-fare operators are matching the services offered by budget...
4 Pages(1000 words)Essay

Walmart: The High Cost of Low Price

...R.Preeti 16/3/2009 Walmart: The High Cost of Low Price Walmart: the high cost of low prices was a documentary made in the year 2005, by Robert Greenwald. The documentary talks about the hidden side of the popular 'walmarting'. It throws light on the various unethical practices undertaken by the departmental store giant. The documentary starts off with a byte from the CEO of Walmart and then goes on to provide bytes from customers, workers and 'associates'. These interviews delve into the unethical and fraudulent practices at Walmart. How did management undercut"associates" earnings (describe at least three...
1 Pages(250 words)Movie Review

High Cost Xerox

...foothold in the international market place with high quality products while keeping their costs low, due to lack of market research and futuristic thinking. In their technology driven market, the fast development of hardware and software decreased the product price, increasing cost pressures and price competitions. One of the principle reasons for their high price was the fact that Xerox did not manage the trade off between profitability and quality too well.Their Quality Control program cost an estimated $125 million and over 4 million of man hours, but contributed little to the profitability of the company.(Johan Olsson, January...
7 Pages(1750 words)Essay

A Low Cost CSR Campaign

...A Low Cost CSR Campaign Critter Control is one of the leading wild life control firm in the United States. The services offered by our organization are based on the notion to help humanity as well as saving the wildlife thus truly serving the nature. Since being a socially engaged organization it is needed that to take a step towards helping the society and proving ourselves as a Corporate Social Citizen (Mallin, 2009). Having strong presence in all the states of U.S. we can focus on an issue troubling a particular state and then solving it can help us in the implementation of our corporate social responsibility maneuver (Mullerat and Brennan, 2011). Mice Infestation and Washington D.C. Since...
3 Pages(750 words)Assignment

Cost and benefits analysis

...openly defecate. Solving this problem, therefore, calls for massive water infrastructural development particularly in the rural areas in order to increase access to safe and clean water that will be fundamental in improving the quality of life among the Afghans. Project Projected Costs (USD Millions) Social Benefit & Marginal Contribution Sustainable Water Supply and Sanitation 55 Providing the locals with the opportunity engage in water, hygiene, and sanitation leadership and mentorship programs. Increased access to quality and clean water to more than 90 percent of the population. Capital mobilization, hence expanding the contribution of the private sector in the...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss for FREE!

Contact Us