Nobody downloaded yet

Economic business - Essay Example

Comments (0) Cite this document
The nation has a long history of manoeuvring the expansion of hard-core manufacturing units characterised with an intensive use of technology so as to enhance the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
Economic business
Read TextPreview

Extract of sample "Economic business"

Download file to see previous pages Industrialization in Britain had paved up ways for both labour intensive and capital intensive methods of production. In addition, there had been constant technological changes thus enabling the augmentation of labour as well as capital productivities, so that higher quantities could be produced employing the same amounts of factors of production. But the manufacturing units that required the use of proportionally more labour than capital base were found to be performing worse than their capital intensive counterparts. This change was noticed since the latter part of the 20th century. The deterioration of the labour intensive units proved to be a serious drawback in the path of the economic growth potentials of UK, since these units had almost been like a bastion behind the nation’s industrial base. One such industry that used to be a stronghold for the nation’s secondary sector was the steel industry. The nation which used to be the largest manufacturer of steel in the world has been outstripped by China in total quantity of crude steel production. In fact, it has also fallen back from its initial status of the world’s largest exporter of steel – the nations that have outshone the British steel giant are China and Japan, accounting for 52 and 35 percent of the total steel exports, while the figure for England lingers around 32 percent. The losses that it had to face in recent years throw some light upon the pessimistic turn that lies ahead in the future for the industry. On account of this gradual slide of the British steel sector from the industrial forefront, UK, which happened to be the most powerful and strongest of all economies even a century back, is now lurking at number six among its contenders.
The deteriorating position of the British manufacturing unit has forced in the opening up of newer avenues to keep the flow of income smooth within the nation. This is the reason behind the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic business Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Economic business Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from
(Economic Business Essay Example | Topics and Well Written Essays - 2500 Words)
Economic Business Essay Example | Topics and Well Written Essays - 2500 Words.
“Economic Business Essay Example | Topics and Well Written Essays - 2500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic business

Business Economic understanding its macroeconomy’s supply and demand relation. At a general framework, countries measure growth by developments of its gross domestic product (GDP) and by the per capita real GDP (Colander, 2001). The secular growth rate trend of economy is 2.5 to 3.5% and the fluctuations experienced within this trend are called the business cycles that are either at its peak, through, upturn or downturn state (p. 154). Unemployment refers to number of unemployed persons divided by the total number of workforce. Unemployment, whether structural or cyclical, is most felt during economic recession and conversely felt when there are expansions (p. 154). Global Conditions The Internal Monetary Fund (IMF)...
16 Pages(4000 words)Essay

Business economic

...://> [Accessed 13 May 2011]. Macdonald, N.T., 1999. Macroeconomics and business: an interactive approach. London: Thomson Learning. McLaughlin, D.D., 2010. Irish domestic spending fell more than the Euro norm Ireland according to Bank of Ireland - Exports proved the exception. [Online] Bank of Ireland Available at: HYPERLINK...
7 Pages(1750 words)Essay

BUSINESS ECONOMIC ENVIRONMENT LBSEC2051 demand for air travel which can directly reduce the number of fares for GoFast Airlines, as which happened with Singapore Airlines earlier in 2011 [Singapore Business News (SBN), 2011]. This will directly affect their low-price flights approach which, mixed with quality service, gained them the customer base they have today. Economic Recession Economic recession is potentially the most important economic factor which could affect the profitability and the market leadership of GoFast Airlines. In times of economic recession, the consumer’s purchasing power is weaker. In such times, although important corporate business trips may be...
6 Pages(1500 words)Essay

Business and Economic Forecasting

...Rio Tinto Price Returns: Introduction: This paper uses Rio Tinto price index to estimate an appropriate model that can be used in forecasting futureprices and returns. The maximum likelihood technique is used to estimate an appropriate model that can be used for forecasting future prices and returns. Considered in this paper include the ARCH and the GARSH model developed by Engel 1982 and Bollerslev (1986) that are appropriate in modeling financial data. In choosing which model that is appropriate an analysis of the returns relatively probability distribution, peakness, skewness of probability distribution and kurtosis is undertaken. The appropriate model is estimated and a one to four step forecasting is undertaken to determine... Tinto...
14 Pages(3500 words)Essay

Economic and Business Context

...Economic and Business Context Introduction. Marks & Spencer is a British based retailer, operating its business activity throughout the world, now itis one of the leading retailer and popular chain stores in the UK. They are operating their business activities in the area of Clothing and Food retailer. Currently the company operating their business in deferent countries. Marks & Spencer is the first British retailer by achieving a marvelous PBT of ₤1 Billion; during the last financial year it attained Revenue of ₤ 7.797 billion. The company founded by Michael Marks who opened his first store in 1894 in Manchester, after wards Marks entered in to...
8 Pages(2000 words)Essay

Global Economic Business a Substitute for Warfare

...Global Economic Business a Substitute for Warfare Abstract War is defined as a typical pattern of behavior which is exhibited by many kinds of species which also includes (Including) human beings. It is essentially a behavioral pattern wherein a state of violent conflict is initiated among two or more such entities. This type of conflict is made in an attempt to change the hierarchy of psychology or domination among different groups. In war, one group always needs strives to show itself as superior to the other. The study attempts to understand the similarities between war and modern day business strategies. (Why is this an objective??? Why are you doing it???For this, a large number...
90 Pages(22500 words)Dissertation

International Economic Environment of Business

...1 OF WOLLONGONG in DUBAI College of Business UAE as an International Economic Center In Partial Fulfillment of Requirement of the Subject: TBS983 International Economic Environment of Business For the MIB/MQM Program Summer-2’ 2010 By (student’s name) Submitted to: ...
7 Pages(1750 words)Essay

Business and Economic Forecasting can have some positive effect on the economy. On the other hand the increase in the transportation costs will have double fold negative impact on the economy as the consumers will have to also bear the increased in the transportation costs. Hence, there can be different economic scenarios during different economic times. For instance, during the economic boom the increase in wage rates will not have strong negative impact on the economy, as the people will be ready to pay more for the products. However, the increase in the transportation costs will negatively influence the economy. But the increase in wages will have greater overall effect on the economy. On the other hand during...
2 Pages(500 words)Research Paper

You are asked to analyse current developments in Canadian cultural, political and economic business environment impacting investment plans of a German-based luxury car manufacturer

...Canada’s Political, Economic and Cultural Environment: Impact on Audi Canada is one of the largest economies in the world, the 11th largest to be precise. This degree of economic stability makes it a prime location for all types of businesses. Canada also has a very large market that is supportive of various investments. In recent times, automakers have identified the country as an ideal investment location; a location that encourages foreign investment as much as possible. German luxury automakers have not been left behind by this development. Audi, the firm selected for this paper, considers the Canadian market to be as important as the United States consumer market. This paper will...
11 Pages(2750 words)Essay

Business economic

...Business Economics By + To get from GDP to GNP requires the addition of net property income from abroad. GNP=GDP+NR (Net income inflow from assets abroad)-NP (Net payment outflow to foreign assets) GDP is the calculated and estimated value that defines the worth of any country’s services provided ad production carried out over a whole year while GNP is refers to GDP added to total amount of capital gain from all investments made abroad with amount of income that has been earned by foreign nationals in that country subtracted from the total. 2). If investment demand falls, the smaller the multiplier, the larger is the fall in equilibrium output. This is because money demand decreases when the interest rate increases because bond... through...
2 Pages(500 words)Coursework
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 Economic business for FREE!

Contact Us