Free essays on economics are academic papers written in the field of economics that are available for free to anyone who needs them. These essays cover a wide range of topics, from macroeconomics to microeconomics, international trade, finance, environmental economics, development economics, and more. They can be a useful resource for students, professionals, and anyone who wants to gain a deeper understanding of economic concepts and theories. Free essays on economics can also provide examples of academic writing and research that can help students develop their own writing and analysis skills.
Traditional Values And Its Impact On Business
Additionally, business owners treat the businesses as extensions of themselves and tenant to want to Keep ten Dustless Walton ten Tamely even winner prudence Allocates that the business will be best managed by professional non-family members. Family members in turn are in many cases unable to differentiate between the finances/ property of the business and that of the family. 1. 2. 2. Ethnic Affiliations: the culture f ethnicity fostered by our collective history has created a culture of mutual suspicion…...
BankChristianityCultureLifeNigeriaPersonality
Porter’s Five Forces Retail Industry
According to the North American Industrial Code System (NAICS), Target Stores is under the classification of Discount Department Stores (NAICS Code: 452112). I am going to analyze the company by applying Michael Porter’s Five Forces Model. Internal rivalry (competitors) The competitive rivalry is very high and intense. In United States, there are several discount department stores which sell the same or very similar products. Target competes directly against them. Because Target and these companies have similar portions of market share,…...
Economics
Fight Club Capitalism
According to Yannis Gabrial and T in Lang in The Emergency of Contemporary Consumerism, consumerism as a moral doctrine is the “essence of the good life” and is thought to lead to happiness (p. 8). However, this excessive consumption shown in the film Fight Club, specifically by the Narrator, leads the character to be depressed, unable to sleep, and have a serious case of affluenza. As defined by the Mariam-Webster dictionary, affluenza is the “extreme materialism and consumerism associated with…...
Economics
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Porter’s 5 Forces Fashion Industry
According to Porter (2004), factor conditions are factors of production such as labour, land, natural resource, capital and infrastructure. Moreover, a disadvantage might be an advantage. Local disadvantages in factors of production force to innovate to over come their problems. This innovation often results in a national comparative advantage. The big number of population in China provides retailers with a huge and cheap labour power. Furthermore, according to Day (1996), many foreign investors had experienced difficulties in sourcing products in…...
Economics
Syntactic Accounting Theory
Accounting Theory Construction The function to study accounting theories is to classify them according to the assumptions they rely on, how they were formulated, and their approaches to explaining and predicting actual events. There are some classification which are pragmatic, syntactic, semantic, normative, positive, and naturalistic approaches. Pragmatic approaches are based on observing the behavior of accountants or those who use the information generated by accountant. Syntactic approaches rely on logical argument, based on a set of premises. Semantic approaches…...
Accounting And Finance
Accounting Case Study Example
ACCOUNTING MINICASE: ACCT – 10 TEACHING NOTES BUSINESS ETHICS PROGRAM Cash in Hand Teaching Notes What Are the Relevant Facts? 2. 4. 5. Talk to Sandy but no one else. Report Sandy’s observations/concerns to her manager and/or partner If engagement is dropped, take no further action. 6. If engagement is retained: Take no further action. Document disagreement with the partner’s decision in the work papers. Ask to be removed from the engagement. Resign her position. 7. This is the first…...
Accounting And Finance
American Connector
ACC The plant maintains excess capacity (goal of 85%) utilization, with output of 510 million units per year). In 1991, the plant is running at 70% of capacity producing 420 million units per year. DJC The goal is to operate at 100% utilization, producing 800 million connectors per year. In 1991, DJC/Kawasaki operated at 80-90%utilization and produced an estimated 700 million units. Djc Products FACILITIES: ACC The plant is organized into five production areas – terminal stamping and fabrication, terminal…...
Economics
Short History of Accounting and Business
The following sample essay on Short History of Accounting and Business it is the history of accounting old civilization, among the most important professions in economic and cultural development. Accountants invented writing, developed money and banking, innovated the double entry bookkeeping system that fueled the Italian Renaissance, were needed by Industrial Revolution inventors and entrepreneurs for survival, helped develop the capital markets necessary for big business so essential for capitalism, turned into a profession that brought credibility for complex business…...
Accounting And Finance
Calculations to Determine Firm Profit Mpk/mpl = Pk/pl
A fast food restaurant currently pays $5 per hour for servers and $50 per hour to rent ovens and other kitchen machinery. The restaurant uses seven hours of server time per unit of machinery time. Determine whether the restaurant is minimizing its cost of production when the ratio of marginal products (capital to labor) is 12. If not, what adjustments are called for to improve the efficiency in resource use? The ratio of prices PK/PL= r/w= 50/5=10 and The capital…...
Economics
Importance Of Capital Gearing
A company with low gearing is one that is mainly being funded or financed by share capital (equity) and reserves, whilst the one with a high gearing is mainly funded by loan capital. Now the question to address is which of the two (equity and debt) is cheaper to the company? The answer is that cost of debt is cheaper than cost of equity. This is because debt is less risky than equity and the tax advantage of debt over…...
Economics
Disembarkation Procedures
1(a): Disembarkation and Transit processes Passport and visa requirements General immigration procedures Once passengers have arrived from their journey to Heathrow airport, they go through immigration and immigration officers will check their passports and visas to make sure that only those who have a right to enter the country do so. The immigration process can be extremely quick if the flight is between two European Union countries. However, non-EU resident enter through a different channel, where they are subjected to…...
AirlineAirportCultural GlobalizationCustomsEuropean UnionPublic Transport
Which Of The Following Best Defines International Business?
1. The broadening set of interdependent relationships among people from different parts of the world is known as ________. a. globalization b. Offshoring c. international business d. outsourcing 2. The term globalization is sometimes used to mean the ________. a. movement of jobs to low-wage countries b. business being undertaken outside the confines of any nation c. Uneven distribution of resources and their influence on different products and services in different parts of the world d. Integration of world economies…...
Economics
Tanglewood Case 4
1. Tanglewood currently uses traditional predictors such as work experience, education and interview, to predict whether a candidate has the characteristics to excel in the areas of citizenship, absence, performance and promotion. These predictors are proven to predict a future employee’s promotion potential. However, only work experience can also predict performance, the rest of the selection tools do not statistically predict citizenship, absence or performance. The worst statistical predictor of performance, in the traditional method, has proven to be the…...
EmploymentExperienceHuman NatureInterview
Education And Unemployment Essay
1. In your ain sentiments. propose how you can pull strings the supply of educational chances as a policy variable. 2. Suggest policy considerations for the authorities in regard to educational enlargements. 3. State the deductions for international giver bureaus. Introduction: Edgar Edwards and Michael Todaro argue that an investing in instruction past the literacy phase is an investing in idle resources. They have some good and bad statements and below. I am traveling to review their statements reviewing their…...
Economics
Cameron Auto Parts
1. Do you agree with Cameron’s decision to grant McTaggart a license? Do you agree with the way Alex went about it? What other options were available to Cameron? What are the advantages and disadvantages of each? The business potential of flexible coupling was evident to Alex. The salespeople were looking for 35$-40$ million during 2004. He realized that the plant can’t hold both lines (OEM and flexible coupling). The costs of expansion were too high and required many of…...
Economics
How Does The Fed Control The Money Supply
1. Describe three ways in which the Federal Reserve can change the money supply. The Federal Reserve System “The Fed” controls the money supply in the United States by controlling the amount of loans made by commercial banks. New loans are usually in the form of increased checking account balances, and since checkable deposits are part of the money supply, the money supply increases when new loans are made and decreases when they decrease. The funds that banks can potentially…...
Banking And Finance
Research Proposal About Bullying
Workplace bullying is a phenomenon of the negative and even harmful treatment of the certain employees making their work complicated and often unbearable. The bullying is often conducted in the harsh form and the attacker has the aim to abuse the victim and make her feel neglected. It is obvious that the problem of workplace bullying has always existed in the human society, because interpersonal conflicts are quite natural for people. In fact, it is important to reduce the frequency…...
AbuseBullyingEmploymentResearchSocial PsychologyWorkplace Bullying
Moss And Mcadams Accounting Firm
1 . If you were Palmer at the end of the case, how would you respond? If I were in Palmer’s position, I would accept Sands and Olds choice and move on as the bottom line is to work towards accomplishing the organization’s goals. Considering the toll the situation had on Olds, it would be only fair to grant his wish and ensure that things get back right on track. In addition, I would also persuade Sands to find someone…...
Accounting And Finance
Pr 10-1a Accounting
| Appraised Value| Percent of Total| Apportioned Cost| Building| $514,250| 55% ($514,250/$935,000)| $495,000 ($900,000 x 55%)| Land| 271,150| 29% ($271,150/$935,000)| 261,000 ($900,000 x 29%)| Land Improvements| 65,450| 7% ($65,450/$935,000)| 63,000 ($900,000 x 7%)| Four Vehicles| 84,150| 9% ($84,150/$935,000)| 81,000 ($900,000 x 9%)| Totals| $935,000| 100%| $900,000| 1. Prepare a table to allocate the lump-sum purchase price to the separate assets purchased. Prepare the journal entry to record the purchase. Dr – Building $495,000 Cr – Cash 495,000 Dr – Land…...
Accounting And Finance
East Coast Yachts
1. Calculate all of the ratios listed in the industry tabular array for East Coast Yachts Current ratio=CA/CL= 14. 651. 000/19. 539. 000=0. 75Quick Ratio= ( CA-Inventory ) /CL= ( 14651000-6136000 ) /19539000=0. 44 Entire assert turnover=Sales / Entire Assets=167310000/108615000=1. 54 Inventory turnover=Cost of Goods Sold / Inventory=117910000/6136000=19. 22 Receivable turnover=Sales / Histories Receivable=167310000/5473000=30. 57 Debt ratio ( TA-TE ) /TA= ( 108615000-55341000 ) /108615000=0. 49 Debt-equity ratio=TD/TE=33735000/55341000=0. 61Equity multiplier=TA/TE=108615000/55341000=1. 96Interest coverage=23496000/300900=7. 96Net income margin=Net Income / Sales=12562200/167310000=0. 07Tax return…...
Economics
New Small Innovative Team
Yes, I believe that small had the right resources to support its innovation. small has tried to size the resources for its innovative ventures according to the complexity and profitability of the initiative. The company has been cautious but within reason because the intention is to build a long-term sustainable company. To do this, the staffing strategy was to keep the organization small but to hire top quality staff to make up a fully utilized top-flight team. However, where necessary,…...
Economics
Water Research Proposal
Water supply is the provision of water to the individuals, industrial objects, private and public organizations with the help of the system of pumps and pipes. Water supply depends on the water quality greatly, because the government and the companies which are responsible for the water supply do not have right to provide people with poor quality and dangerous water. There are three essential purposes of water supply. First of all, the water is supplied for the domestic needs. People…...
AgricultureNatureResearchWaterWater QualityWebsite
Swot Analysis Of Fashion Industry
Strengths Demand Driven Industry (more than 4000 units for textiles alone) Strong presence in local market Availability of cheaper labor Geographically situated at ideal location (near end users) Most setups are self employed and have simpler management structure Weaknesses Obsolete technology machinery and equipment used for manufacturing Availability of raw material and inconsistent raw material prices Unskilled labor (only 1% workers have certificate / diploma from technical training institutions) Absence of research and development culture Lack of synergies between Govt.…...
BusinessEconomicsFashionFashion IndustryIndustryLife
The Chartist Movement Summary
Chartism product of industrialisation. Problem was boom and slump nature of economy and temporary unemployment. This was one of issues that angered w/class about Poor Law Amendment Act 1834. In Manchester alone in 1837 there were estimated to have been 50,000 unemployed at some point and there were constant protests in Yorkshire re, this inconsistency of opportunity. The man in charge of controlling the Midlands and North from a military sense had sympathy with the Chartists and reported to the…...
Economics
Money Makes The World Go Round Essay
[pic] [pic] [pic] Money Makes the World Go Round By, Chris Jarrett 4-11-11 Period 3 Money makes the world go round. If you know how to deal with money, you’re probably better off than someone who doesn’t. There are three significantly influential economists that helped change the way we look and think about money and the economy; Adam Smith, John Keynes, and David Ricardo. These men all came up with economical theories that we still study today, including the Invisible…...
Economics
Point Of Sales (POS) at Gudsilog Restaurant Thesis
P-O-S WITH INVENTORY SYSTEM FOR GUDSILOG RESTAURANT In Partial Fulfillment Of the Requirements in System Analysis Design & System Development 1 (Thesis 1) for Bachelor of Science in Computer Science Prepared for Marlon A. Aldenese Professor By: Kristine R. Pejana Adrian B. Borja Argie Lou W. Cruz Denys Yvan S. Umali Kervelyn M. Del Rosario Mary Jane O. Trinidad Michael N. Pituc Michael I. Sabite Nelson B. Dela Hostria Jr. Thomas Nyx A. Tugade On Date Importance of the Study…...
Economics
The Uses Of Poverty The Poor Pay All
The following sample essay on “The Uses of Poverty: The Poor Pay All,” was enlightening to read about the social phenomenon of poverty that I had never come across. For example, how the poor “buy goods others do not want and thus prolong the economic usefulness,” is an ingenious way to put the unique situation that is addressed in this essay. Although Gangs is using satire to poke playfully at the rich for looking down upon the poor, I conceived…...
MoneyPoverty
The Humana Resource Manager an Managing Multiple Responsibilities
Sam Lennox is a human resource manager of the Lakeview plant of Supreme Textile Corporation. Supreme Textile Corporation owned and operated five plants. Sam started with Supremes’ Eastern plant right after college and progressed rapidly through the company. He was promoted to personnel manager. His project is now to implement the management by objectives (MBO) program. He wanted to implement supervisor training programs, simplify the employee record system, address employee grievance problems which included weak supervisors, poor working conditions, and…...
CommunicationEmploymentHuman NatureHuman Resource Management
Freakonomics Chapter 3 Summary
“The point to remember about selling things is that, as well as creating atmosphere and excitement around your products, you’ve got to know what you’re selling. ” (1) (Wilde Stuart). A market economy is a financial system in which the value of goods and services are determined in a complimentary cost structure which is termed as a free market system. Market economies can assort in theory from pure laissez-faire variation to a variety of real-world mixed economies, where the price…...
Economics
Steelage Almirah
“Rhino” almirah: Michael Porter’s Five Forces: SWOT analysis: 1) Strength: (i) High quality, elegant design and a product range for different utilities which could differentiate “Rhino” almirah from the market leaders like Godrej. 2) Weakness: (i) Factory overhead cost is very high due to investment in high-priced machineries and other facilities. (ii) Labor cost to produce one almirah is more than double than in any other cheap almirah available in the market. (iii) There are demands for the superior brands…...
Economics
30 Days Minimum Wage
“Minimum Wage” from 30 Days For most Americans the word “poverty” suggests an inability to provide a family with food, clothing, shelter, and other basic necessities. Many Americans live in impoverished conditions, which include people who are economically disadvantaged despite the fact they are employed. These particular individuals are living check to check on what the government deems sufficient to provide reasonable living standards in a society where the cost of living increases every half decade. Morgan Spurlock, creator of…...
Economics
Marketing Mix Essay
“A term used to describe the way in which businesses mix together elements that go into a successful sale of a product” (Mr. P. Neill) Market research helps a business to discover what consumers want or may want in the future. Marketing helps it to satisfy their wants and hopes. To market my products profitably for my business, I have to consider four main factors: ~ The product, or the kind of good service provided; ~ The price, or what…...
Economics
Karl Marx Vs Adam Smith
“Adam Smith’s enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see the bottom of things. In both cases their greatness rests on an unflinching confrontation with the human condition as they could best make out. ” Assess the above quote. What ideas did both men draw upon in order to formulate their ideas? What were their conclusions? Why were their conclusions so different? To…...
Adam SmithEconomicsGovernmentKarl MarxPolitical SciencePolitics
Starbucks Recruitment And Selection Process
‘Recruitment and selection practices are the fulcrum on which all HRM functions operate, as without the right staff, chosen using the right methods, none of the other functions will operate successfully’ (Compton et al, 2009,pvi). The extent to which line managers attribute the right amount of attention to recruitment, selection and retention depends highly on the business’ culture and overall strategy. Human resource strategies can prove very effective and efficient into adding value to the company; nonetheless, the extent to…...
Economics
Example Of Internal Trade
:: Internal Trade:: Meaning Trade : Trade refers to the process of buying and selling of goods and services with the objective of earning profit. Internal Trade : Buying and selling of goods and services within the geographical boundaries of a country is called internal trade. In other words trade takes place between the people of the same country then it is termed as internal trade. Features of Internal Trade 1. Buying and selling of goods and services takes place…...
Economics
Ralph Lauren Case
————————————————- Polo Ralph Lauren Case ————————————————- 1. Polo Ralph Lauren is an American apparel company that was founded in the 1970’s. When it was founded it had three branches in the apparel business: design and development, manufacturer management, and inventory/stock handling. Because they did not want to own factories, they outsourced the garment manufacturing to Luen Thai, an apparel manufacturing company in China. Luen Thai got their fabric supply from the textile firm Ruentex in Taiwan. Not only was Luen…...
Economics
Capitalism And Slavery Summary
The following sample essay on Capitalism And Slavery Summary. The book, by Eric Williams, is a very informative but emotionally binding book. Throughout the book my emotions are mixed and my views of the truth about the middle passage and the triangular trade are slanted. I am forced to create my own conclusions about the dynamics relating capitalism and slavery. When one thinks of slavery, only the most cruel and harsh thoughts come up. Pages 13-17 show the grim truth…...
Economics
What Was Immediate Cause Of French Revolution
The French Revolution has been viewed as the major turning point in European political and social history.The revolution was an uprising that brought the regime of King Louis XVI to an end.The causes that led to this bloody revolution can be looked at from an economic, political, social, and intellectual standpoint.Failed reforms, famine, the Enlightenment, a corrupt bureaucracy, and a divided population are only some of the many aspects that helped influence a revolution to take place in late eighteenth…...
Economics
Captains Of Industry Example
It was the Roman emperor and philosopher Marcus Aurelius who said, "A man’s worth is no greater than the worth of his ambitions.; The truth of this statement is expands far past the ruins of an Ancient Rome and into the coffers of those great businessmen of America who changed the face of commerce in this country during the latter years of the nineteenth century and on into the twentieth century. Men such as Cornelius Vanderbilt, Andrew Carnegie, and the…...
Andrew CarnegieIndustryJohn D. Rockefeller
End of Auto Pact by WTO in 2000
In May of 2000 the World Trade Organization (WTO) ended the Canadian made Auto Pact.®The Auto Pact was an agreement constructed by Pierre Trudeau in 1965 that allowed companies to bring auto parts and vehicles from anywhere in the world into Canada without any tariff, but with two conditions.®One condition was a requirement of commitment to jobs in Canada, manufacturers had to produce one car in Canada for everyone they sold.®They also had to maintain a Canadian Value Added (CVA),…...
Economics
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