Introduction The world economy has been hit by crises from time to time. The 2008 one is not new; it began in United States before moving to other developed economies via a mixture of direct exposure to sub-prime assets and the loss of confidence in numerous asset classes. The deepness and breadth of the crisis...Read More
Introduction The UAE consists of seven Emirates i.e. Sharjah, Ajman, Ras Al Khaimah, Abu Dhabi, Umm Al Quwain and Dubai. Employment in the UAE is guided by employment law that defines the required standards for vacations, employee records, termination of employment contract as well as maternity and sick leaves. Although the unemployment rate in the...Read More
When charging for drama tickets, the drama club should consider the cost incurred in the preparation of the event. In economics, the total cost that a firm incurs in producing goods or services incorporates both explicit and implicit costs. According to Tucker, explicit costs are payments that are made for the services rendered to the...Read More
Classical School of Economic Thought This school of thought originated in the late eighteenth century with Adam Smith and matured through the works of D. Ricardo and J.S. Mill (Wolff & Resnick, 2012). The theory focuses on economic growth, economic freedom and advanced ideas like laissez-faire as well as free competition. Smith stressed that free...Read More
Windsor-Sarnia is a county located in the southern part of Canada, which attracts so many people to the region. Some of the opportunities that the county has include the agricultural improvement in the region. Since the region has many immigrants coming to the land, this can be viewed as a source of an opportunity to...Read More
Background information and thesis Studies reveal that, economic inequality is the state of undertakings in which resources, affluence, or revenue is disseminated lopsidedly among persons in cluster, among clusters in a populace or among nations (Chen 27). In view of that, the concept of economic variation may associate ideas of evenhandedness, parity of consequence, fairness...Read More
Introduction For a company to run efficiently, it requires proper understanding of business economics as well as the business environment (Anderson, Sweeney & Williams, 2011, p.7). Business economics is concerned with the combination of both economic theories and business administration. Therefore this paper aims at examination of both the macroeconomic and the microeconomic factors that...Read More
The United States is considered as one of the largest consumers of gas globally owing to its thirst for energy in the industrial, commercial, technological, and social sectors of the economy. In the latter, its use has also increased based on different factors that are pegged mainly on price variations. Over the past decades, the...Read More
Five years have passed since the most recent financial crisis began in the United States and spread to the rest of the world. Having come off the economic downturn successfully, the US has recorded the highest stocks, booming leveraged loans and junk bonds and increase in house prices. Furthermore, a significant number of people are...Read More
Many policies have been put to place to control and protect many parastatals and many financial institutions in the United States of America. However, policies in the agricultural sector have been facing numerous implementation challenges. This is because policies in the agricultural sector, such as the sugar policy in the sugar production industry, are applying...Read More
