Impact of Hyperinflation on Investors and Ordinary Citizens of Zimbabwe - Essay Example

Download file to see previous pages The research methodology will be framed based on the theoretical framework and ongoing economic circumstances in Zimbabwe. Research philosophy strikes an association between the theoretical aspects of the study with its practical exposure. Therefore, the selection of appropriate research philosophy holds utmost importance for the successful completion of research work.

According to Alexander and Dhumale (2012), to derive the best research philosophy, its three distinct attributes should be analyzed, such as; ontology, epistemology, and axiology. The concept of ontology deals with realism and thus, it tends to analyze the social entities and social variables associated with the research objective so that the research outcome becomes highly correlated with the practical world. Epistemology concentrates on the study of knowledge and attempts to apply the conjectural aspect for understanding the real-world situation.

Finally, axiology indicates the importance of value judgments (Alexander and Dhumale, 2012). As this particular research is conducted for academic purposes, epistemology is considered to be the most relevant philosophy for analyzing the impact of hyperinflation on the general inhabitants of Zimbabwe. Under the research epistemology, the positivist research paradigm will be adopted. The excellence of positivism reflects in its ability to observe the accumulated data and information explicitly and analyze such data by applying the credible knowledge level (Maxwell, 2012).

The research approach aids the researcher to proceed with the research work comprehensively. Conventional research methodology involves multiple research approaches such as abduction, deduction, induction, etc. In order to analyze the effect of hyperinflation on the investors and individuals of Zimbabwe, a deductive research approach will be incorporated. The deductive approach will tend to analyze all the cause-effect relationships among various hypotheses and consequences that have taken place in the economy of Zimbabwe due to the effect of hyperinflation (Corbin and Strauss, 2007). ...Download file to see next pages Read More