Those who are familiar with Marxist economic theory know that Karl Marx in the third volume of Capital actually refuted his labor theory of value, recognizing that prices can deviate from value for a long time. Here, too, is the …
The painting depicts a woman doing domestic chore which was often lauded in Dutch literature and ancient times, unlike the medieval thinking that women are reserved to be in the Kitchen. In a simple kitchen setting a woman is seen …
The concept of microeconomics can be identified as the one major form of the broader feature of the economic theory. Ragnar Frisch initially developed the particular term in 1933. It is notable to mention that the concept of microeconomics is …
Introduction Education is the utmost requirement for the personality grooming as well as economic benefits. Everybody who joins an undergraduate program in university has some dreams in his mind about his future. Students work hard to complete their degrees with …
Construction output continued its recent decline in December 2017 contracting for the eighth consecutive period in the three month on three month series falling by 0.7 and this fall is the third consecutive and this ups and downs are continued …
Introduction Employment has direct implications on lives of everyone of us and ironically, unemployment has been a part of every country for a while now. It is such a critical issue that it has such implications which reach beyond money …
Challenges of implementing and developing policies Societal challenges are a common occurrence in every society. These challenges may stem from sectors such as political, economic, transportation, health among others. It is, for this reason, that the policy maker, an essential …
Part 1: Economists viewed the economic disaster of 2007 as the worst economic disaster since 1929 when the “Great Depression” occurred. Even though the Federal Reserve and US Treasury Department put forth stringent efforts to avoid the U.S. banking system …
The national bank of Poland has intervened largely to help and aid Zloty. Within the quarters of 2011 and 2012, zloty’s exchange rate has changed enormously, with respects to Euro. Starting from the year 2007, zloty to dollar and euro …
The public policy making mostly faces challenges in choosing right and best model. Policy makers develops disputes on various models through their ideas and theories. Mostly the model of rational decision making and incremental are disputed amongst the policy makers …
Ethics can be defined as “moral principles that govern a person’s behavior or the conducting of an activity.” The concept is also defined by some scholars as “rules of behavior based on ideas about what is morally good and bad” …
Taiwan which is formerly known as the Republic of China is one of the States in China. Taiwan is a country that has a relatively high population, and one of the largest economies despite the fact that it is not …
Chapter 4: Question 1: Ten Developments and Events This chapter number four deals with African bondage during early eighteenth century of American Revolution. The English kings distributed their vast lands, even whole colonies, to their dependents, and they granted special …
Most of the economic specialists agree on “there is gain from trade”. In 1817, David Ricardo posited that the countries that are specialized in producing and manufacturing goods with a competitive edge, then there is a gain from trade for …
The particular chapter of “Exploring the World of Business and Economics” can be effective to understand the latest trends of the international business and how to adopt different strategies to align with the competitive business environment (Pride et al.). The …
One of the great aspects of the good literature is that it provides valuable insight about how people are supposed to spend their life. If one gets to study good literature, most of the times it means that they are …
Do the ethical and moral principles make sense in the modern economic system? Does economic system today allow for the ethical considerations? These are the questions that are somehow implicitly answered with a no, in the modern socio-political scenario. Adam …
In the days since the Presidential elections of the United States, much has changed. The new President; Donald Trump, is a businessman by profession and has moved along, making new laws and bringing economic reforms, as a businessman. A nation’s …
Chapter 1 Introduction Crash in a stock market is the sudden change in the stocks which usually is a decline of stocks and this leads to loss of the wealth of the state. These crashes are often seen around the …
Introduction Standard of living is the level of material goods, wealth, necessities and comfort available to a particular socioeconomic group, mostly a nation. It includes factors like poverty rate, income, employment availability and quality, Gross Domestic Product, political and economic …
No Country can grow and increase productivity by itself. Certain raw material and expertise are requested to make a win-win situation for all the parties in an international transaction between two different countries. When countries deal, they need a currency …
Conscious Capitalism is a program that considers that trade is moral since it generates worth. In the custom of Adam Smith, the chief who is the social economist, it considers that the trade is moral as it progresses our skill. …
Economic growth is definite as a growth in the volume of an economy to manufacture products and facilities in a definite era of time often termed as the fiscal year. In economic terms, economic growth or development is referred to …