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The theoretical basis of anti-competitive behavior is to support the contention that consumers benefit from having choices among products on the market and competition is good for creativity and innovation. On the other side of the argument, intellectual property rights conferred on the owner a high degree of autonomy over the subject property. These were the arguments debated in Microsoft v EU.
A rise in the European Central Bank’s targeted inflation rates according to the German government this year. Due to increased holiday accommodation and travel and tourism costs, a 2.3% increase was witnessed in the Consumer Price Index which has led the government to undertake sharp steps such as decreasing the cutting down on interest rates.
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Four to five billion people joined the global market economy when the Soviet Union fell apart, and China merged with the global trading system (Eckes, 2011, p.viii). This turn of events in history led to the epoch of deregulated capitalism spearheaded by one powerful nation, and that is the United States (Eckes, 2011, p.viii).
Dambisa Moyo has an exceptional background in the African economy since she has degrees from prominent learning institutions such as Harvard and Oxford. She has also worked in major organizations globally such as World Bank and Goldman Sachs (Collier, 2009). The concept of the book is accepted because it has outstanding information.
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Many weak banks in Europe have been saved off or given a breather by the European Central Bank by providing cheap credit to them. Time being, it might arrest further economic downturn. The noteworthy point is that the credit has been made available to them for the duration of three years giving them ample time to readjust their strategies.
Though Marx affirmed no formal definition of the term, he did claim that commodity may exist as a form of value so that on this basis, the analysis of commodity in relation to value eventually justifies its meaning. In the attempt to determine what commodity is within the realm of value, Marx particularly identifies it with use-value as well as exchange-value.
If interest rates are high in the domestic market, foreign investors reduce investments hence decreasing money demand but if interests are low, investors demand more money for investments leading to an appreciation of the domestic currency. Volatility in exchange rates is a result of short-term determinants such as exchange rate expectations.
New Zealand is an island nation in the southern Hemisphere. It is an isolated island with many islands around; it has unique plants and animals (Britton 4). The Polynesians were the first people to settle in New Zealand. The New Zealand people are the descendants of European immigrants and native people of Maori.
By August 2012, Apple topped the market value of $622 billion, thus becoming the first ever company throughout the history to have touched this apogee. The research firm FactSet which keeps the record of investment funds, about 2555 institutional investors owned Apple’s stock as of 30 September 2012 just behind the Microsoft stock of 2590 (Mangalindan, 2012).
There is a possibility of having both favorable and unfavorable economic conditions leading to an increase in the number of employed and unemployed people. They may be substantiated by the Keynesian theory of economics which holds that a trade-off exists between unemployment and inflation, this trade-off may be presented using the Philips curve.
Agricultural Tourism in Cameroon. Cameroon is famous as the ‘melting point of Africa’ because of its diversity. It possesses all sorts of African crops such as sugar, coffee, etc, Landscape including mountains, beaches, deserts, etc and African inhabitants who belong to entirely different ethnic backgrounds and speak different languages.
Price is a key determinant in the product quantity for supply. Supply is usually monitored by a specific graph drawn based on a supply schedule. The Supply schedule comprises the price listed against quantities supplied and the graph is referred to as a supply curve as shown in Figure 1. The curve signifies a law of supply implying the more the price is, the more a quantity is supplied.
The advancement of technology is a huge step forward for SMEs in the country. SMEs need to grab this opportunity to expand their business within as well as beyond geographical boundaries. The matter of the financial condition of the entrepreneur crops up. This leads to diverse levels of commercial development for these businesses.
Evidently, both of these renowned economists advanced different perspectives concerning economic freedom pertaining to markets, monetary policy, and fiscal policy. It is important to note that both economists believed the effect of economic ideas on public policy was enormous.
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According to the report the present technology evolution has also been documented as a factor behind the industry’s growth. The increase in development of these industries has different effects on the economy of U.S, an effect that affects the other countries. The following research will cover the impact of the U.S fast food industry on the global economy.
As mentioned in the article, both FOMC and the FED is much concerned about increasing or lessening their respective pace of buying bonds or securities owing to the reason that different fiscal policies are restraining financial growth by a greater level and most vitally weakening the economy at large (Cafariello, “Fed Stimulus Stays Strong”).
Capitalism is defined as an economic system under which services and goods are owned by the private sector, whereas decisions on distribution, investments, and pricing are made based on a free market system. Socialism, on the other hand, is defined as an economic system whereby the government, whichever party is in power, administrates and owns distribution and production.
The results have shown that the unemployment rate in South Carolina has constantly remained between 6-7%. However, after the credit crunch of 2008, the unemployment rate of the state reached around 10- 11%. The same rate continued until the year 2012. According to the analysis, the rate may also increase in the future (BLS, 2013).
The fiscal policies of the government and the monetary policies of the central bank have impacts on interest rates, inflation and unemployment in the economy. How the current economic scenario compares with the situation five years ago? There have been changes in the interest rates, inflation, and unemployment over the period.
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his study of the trend, Schoenberger carried out an interview with Mr. Tuffile, a director at Bentley University in Waltham, Mass. Being a director of the entrepreneurial studies at the university, Mr. Tuffile is well vast in matters pertaining to the management of businesses, both large-scale and small-scale enterprises.
The generic drug industry entails the exploration of markets and selling of medication containing similar active ingredients and dosages as brand name drugs that are manufactured under the umbrella of the pharmaceutical industry. Generic drugs are prescribed to whoever is in need of it. During prescription, chemical name is used rather than looking at the individual specific pharmaceutical name or brand.
They always laid out mechanisms to prevent inflation in cause of skyrocketing prices. However the results of their practices left the same economies with a problem of dealing with too low inflation rate. The current inflation rate in these economies stands below average of the central bankers targets, which was about 2from 2.2% but unfortunately it went up to 1.5% in the year 2012, this was the most drop of inflation experienced in the years since the introduction of a common currency euro.
This essay focuses on the identification of the core differences between microeconomics and macroeconomics. The difference between two fields of economics is primarily related to aggregation. In microeconomics, the decisions of individuals are studied: macroeconomics considers the impact of aggregate decisions of individual agents on the economy
This paper focuses on the concept of financial repression, introduced in the 1970s by McKinnon and Shaw. The existence of the concept is stipulated by unsystematic distortions in financial prices, interest rates with ceiling caps and nominal interest at fixed rates, high reserve ratios, guided credit programmes, and ineffective credit rationing.
This paper presents a research in the field of labour economics. This discipline studies how the employees and employers interact within a labour market, such that employees are the suppliers of labour services whereas the employers create the demand for them. Through salary and wages, employers hire the employees in order to generate income.
The reason the managers of the company think that it is better to give up on the project is because they added up the research and development costs ($8 million) and the retrofit production costs ($4 million) and then they compared it with the present value of sales ($10 million).
The UK’s rules on the choice of law in the case of succession to the property remain in effect as the country has opted not to be included in the EU legislation on succession and wills. A draft of the legislation is being crafted, with the assistance and in consultation with the UK such that areas presenting difficulty could be analyzed and worked out.
The evolutionary programming-based technique is superior in performance not only in developing the diagnosis system but also in identifying the faults in transformers. This is the reason why I have found this technique the most suitable one for the electrical distribution utility to review its maintenance regime for the oil-filled transformers at substations.
There are a lot of advantages for that a firm can exploit from changing market structure. These advantages are beneficial not just for the firm itself, but all the stakeholders have something to benefit from it. However, there are also certain disadvantages that a firm and its stakeholders have to go through once a firm changes its market structure.
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There was a need to refurbish the city’s convention center in order to host the event. Instead of raising taxes or even issuing bonds to raise fund that would facilitate the rehabilitation, the officials in San Diego are said to have dipped into the pension funds of the city for the money.
Some of the noted examples of its usage are in Singapore, London, Stockholm, Trondheim, Melbourne, and Santiago. Singapore was the first to introduce a congestion pricing system in 1975. Its introduction had led to a 13% decrease of traffic at peak times, and a 22% increase in traffic speed.
the resource-rich countries do not give importance to education at all. They depend upon the revenues generated by the resources and are attracted towards resource-oriented industries where education is not necessarily required. Now if the resources turn down even for a short period of time they are left with almost nothing to earn their living.
Government expenditures for healthcare cover a large portion of the gross annual income of a country because health is deemed as an essential part of the man power-economy-state cycle intertwined and will affect the over-all stability of the nation. With this virtue is the social responsibility of the state upon the health of its people.
What strikes a stronger and more emotionally deep chord with the audience is how the blame for keeping sweatshops in operation falls completely on the shoulders of the average consumer.
There is a multiplicity of sites, some real, some virtual, where national transactions are governed. The states now share center stage with international entities like the World Bank, International Monetary Fund, and World Trade Organization. Treaties among states create these international organizations.
This can be possible so long as uniformity is introduced in the terms and conditions, in the world, for raising international loans. The existence of various currencies with their varying rates of convertibility inhibits uniformity in the terms and conditions, and apart from acting as a barrier to such integration, it also reaps unfair benefits to developed countries.
Although prices can be controlled by the government it is a complex process and there are a number of factors that need to be considered to understand the changes in the price level. This report is divided into two sections; the first section of the report discusses important terminologies such as Price elasticity of demand, Cross elasticity of demand, Income elasticity of demand.
According to recent surveys, statistics claim that Alberta and its neighbors in the North and South have been having a stagnant economy in recent years. Alberta’s current labor force is ranging at 1.35 million, and the economy added about ten thousand jobs last year. Alberta’s retail trade sector is in crisis as well as the construction industry.
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It occurred in the end of 1920s and it lasted for almost twenty years. The depression was very severe especially in the U.S this was well explained by the economic adversities which happened in this time in the U.S.Some of them were that almost 25% of the United States population of that time and almost 40% of the population who were not working in the farms was also laid out of work.
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The city of Hong Kong is the most superior administrative region of China. The city is positioned on the south coast of China (Cheng, 270). Hong Kong is connected with the South China Sea and Pearl River Delta. The city is popular around the globe for its enriched natural harbor and expansive skylines. The city is one of the most highly populated areas in the globe.
The up-gradation process will encompass radical changes to the current business processes, alterations in current jobs as well as new positions. The management of the enterprise strongly believed that with the up-gradation or the development of its legacy billing system, the enterprise can attain huge profitability.
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The construction industry which employs a lot of people gains when gambling facilities are constructed thereby offering job opportunities and generating income. Tourism is facilitated when people move from one place to another in search of gambling facilities thereby creating jobs directly and indirectly to the community.
This essay highlights major economic issues in China, that impedes the successful transformation of the economy to a market oriented model. The transition continues to feature lack of political liberalization. The present nature of economy is deemed unsustainable as the economic liberalization and unchanged state of politics cannot co-exist.
Opportunity costs take into consideration how many of the firm's resources used in this project could have been used differently and how foregoing an alternative investment or project affects the overall firm's profit margin. The difference between accounting and economic profit lies in the opportunity costs.
I will be talking about the MP3 player industry. There were at least four characteristics of the MP3 player industry that were shaping the dominant strategy in 2005. First, there were over 100 companies manufacturing MP3 players as of the end of 2005 but only about 7 firms were considered the most important.
The proposition that stands is the fact that mistakes must be fundamental to allow the party to set aside the contract and these would be evaluated on the background of each case. The facts at hand do not point to a common mistake. The mistake that is relevant in respect of the facts is one whereby consent is negative because one party is under a mistake.
In developing countries, the business had increased by almost 30% and was fuelled by the high cost of gasoline and other primary goods. The growth in trade quantity is increasing the prospects of global and integrated port services. Many major port operator companies have evolved and engaged in competition with each other.
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It was also the first football club to become a publicly listed company. For the twelve months ending July 31, 2003, the club reported a turnover of GB? 173 million (US$ 308M) (Jarvis, 2004) Sports & Games were an activity meant for enjoyment earlier; however, today it is treated or used as a product, commodity or service because of the infinite business potentials it provides to the business people.
Types of inflation Demand-pull inflation This type of inflation occurs when the demand overwhelms supply, it makes the prices of commodities, and or services to rise. The increase in demand with respect to low supply will consequently lead to excess demand.