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.
US Recovery from 2008 Financial Crisis
The recent financial crisis in 2008 was second only to the Great Depression as the largest economic downturn of the 20m and 21“ century. The magnitude of its effects stretched beyond the United States and into the complex global market created over the past few decades. The human cost to the financial meltdown is incalculable, but its reasons for happening are scarily empirical. Today’s mainstream media has contorted the crisis into an obscure monster, an evading shadow of a distant…...
BankBusinessFinancial CrisisMoney
Preventing Financial Crisis in the US for Stability
Starting in the 19805, the United States has witnessed an unprecedented concentration in the financial sector. Through the development of remarketized capitalism and its corresponding wave of market deregulation in the 19805, financial institutions have become more concentrated than ever in large corporate conglomerates. This heavily concentrated industry embodies the very dangerous “too big to fail” mentality which has repeatedly threatened to collapse the global economy. Both the stability and success of capitalism depends upon strictly regulating the financial sector…...
BusinessCapitalismFinancial CrisisMoney
A Discussion on What Led to the 2008 Financial Crisis
The 2008 financial crisis was not caused by one single event. The collapse of the world economy was the culmination of decades of shifts in public policy and financial paradigms like a house rotting at its foundation. Had any of the events or processes leading up to it been different, it is possible that this paper would not need to be written. At its core, however, the crisis brought forth a sobering reality <- one that most people are aware…...
BankCreditFinancial CrisisMoney
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Government’s Free Gas Incentives for Crisis-Affected People
The global financial crisis has affected very many people Many people have become unemployed. The living conditions have become too difficult for the people due to the increase in prices of commodities and lack of employment. For this reason, the government has decided to provide incentives to those people who are unemployed by offering them free gas. The people who need it are not aware that there is free gas for them and there is a debate about whether this…...
EmploymentFinancial CrisisMoneyPolitics
Price System of Various Economic Systems
This chapter focuses on the price system of various economic systems. The author believed that to study the effects of a given economic proposal effectively the immediate and long run results are necessary. This provides a clear picture of the economic system. This applies to the consequences where both the primary and secondary get considered and the effects of a group and not just a selected group of people. There are various fallacies that economists have used to explain the…...
Economics
A Comparison Between the Economic Systems of Capitalism and Socialism
The economic system of Capitalism is a system in which the economy is based on private and corporate businesses, Capitalism originated from Adam Smith and became the dominant economic system in Western Europe around the 19th century. Socialism is the economic system in which the workers have ownership and control over the industry. Socialism originated from the ideas of Karl Marx Capitalism is based on money and a free market economy, In capitalism, the government does not control business or…...
Economics
A Class Simulation to Understand the Economic System
In order to better understand the economic system, the class was asked to participate in a simulation. The students were given limited Lime, resources, and instructions, and informed that failure to meet the exact regulations of the assignment would mean a metaphorical, yet still dramatic “death" for the students. The analogy was this: You are trapped on a desert island, with nothing. You must create, using only the natural resources from the island, three symbols for survival. The first symbol…...
Economics
The Benefits of a Laissez-Faire Economic System
The Industrial Revolution was a landmark in the history of human beings; it expanded upon technological, cultural, scientific and economic advancements. One of the economic paradigms the Industrial Revolution introduced was Scientific Socialism, a system based on equal rights and fair pay, this ideology was to be used to end the exploitation of the lower class by the bourgeoisie resulting in a more traditional and moral economic structure. Another paradigm that was popularized during The Industrial Revolution was Laissez-Faire economics,…...
Economics
The Economic System of Capitalism
Rooted in American society is capitalism. It is an economic system characterized by private ownership of the means of production, and is, according to Karl Marx, fundamentally unsustainable. The driving force of capitalism is competition between firms, each firm competing with all the other firms in its product market for the most market share. Firms acquire market share by producing the most desirable products or offering the most desirable services, and by cutting costs and augmenting their products and services…...
Economics
The Inequality of the Economic System
Inequality, among others, causes a lot of problems for the economy and many people are trying to fix this and also prevent it, In the video, “It’s Time to Get Radical on Inequality”, Joseph Stiglitz talks about the idea economists had for a long time about making the “economic pie” bigger and then letting the others decide on how to divide it Stiglitz believes that economists share some of the blame for the increases of inequality. Economists thought that if…...
Economics
Capitalism as the New Economic System and Key to Society’s Great Accomplishments
Too many people in this world, Americans in specific, the world socialism is enough to make some cringe. The thought of socialism is tied to the evil practices of the Soviet Union, North Korea, Cuba and other countries that practice communism. As Americans, we are taught to compare the economic idea of socialism as the relentless government style of communism. Capitalism has been the key to many of society's great accomplishments thus far. Capitalism has been the backbone of the…...
Economics
Roman Economic and Social Development
The Romans were one of the greatest civilizations in the history of the world, The Roman Empire lasted over two thousand years from eight century B.C. to 1453. Not only are the Romans known for their architectural feats but also for their historical figures such as Julius Caesar, Mark Anthony and Cleopatra, Spartacus, Nero, Marcus Aurelius, and Caesar Augustus. In the article The Making (7an Empire one of the major themes discussed is the development of economic systems and social…...
Economics
Economic Ramifications of Capital, Development, and Dependence
All around the globe we see the effects and instruments of economic inequality it affects not only the individuals in poverty but also every link within the economic chain of production and consumption. In viewing Karl Marx’s text Capital, Ivan Illich’s text, Development as Planned Poverty, and Theotonio Dos Santos‘s text, The Structure of Dependence, we see a theoretical framework that outlines the economic ramification of our current system today. The capitalistic production process is a main proponent driving economic…...
Economics
The Benefits and Problems of Two Economic Systems, Capitalism and Socialism
There is a big argument between the two economic systems capitalism and socialism capitalism is when an individual can own a private business and make money for him/herself. Socialism is when the government controls the means of production. Overall, I believe that capitalism provides the most benefits to the producers and the consumers. A better definition of socialism is that you can only work for government-sponsored businesses. This means that you cannot make your own business and provide whatever service…...
Economics
The Uses and Impacts of Mass Communication
According to Denis McQuail, ",,,media extend and change the entire spectrum of socio- technological possibilities for public communication”. It is important to learn about communication theories because nowadays people live in the era of information, In simple words, communications deal with the information flow, its origins, exchange and impacts. Therefore, any information has its purpose and target audience In order to understand the regularities of information transfer, it is necessary to become aware of the mass communications theories. The science…...
CapitalismCommunicationMass CommunicationSociety
Professional Ethics in the Management of the Fraud Case Study
The concept of professional ethics encompasses the corporate, organizational, and personal standards of behavior that people from different professions should follow. It consists of rules and ethical codes of conduct that govern professional behaviors, these rules play a significant role in setting limits of what are acceptable and unacceptable behaviors in the context of the profession. It provides people with best approaches to address key ethical issues that might arise or occur during their careerjourney. This paper, therefore, discusses professional…...
Accounting And Finance
Financial Management by Accountants in Companies
Who takes care of your business management requirements and financial processing? Worldwide, professional accountants people having great expertise and experience in accountancy, offer these professional accounting services, which include Quick-books bookkeeping, payroll services, tax services, financial statement & analysis, business entity selection, retirement planning, buying or selling a business, trust tax preparation, business consulting, business restructuring, auditing, sales tax, tax returns, estate planning, analysis of financial results and other incorporating services. This information assists Company managers and investors in making…...
Accounting And Finance
The Costs of Higher Education in America
Higher education in America has had its fair share of bumpy roads throughout history. Now more than ever the opportunity for all people from all walks of life to be able to afford an education is at risk In the past decade and a half there has been an ever-increasing income gap between the top one percent and middle to lower class citizens. This poses a very real and perilous issue when it comes to education, with the rich getting…...
EducationEducation In AmericaPovertyTax
The Solution to Student Loans in Higher Education in America
Students loan exists in developed countries of the world where education is supposed to be a stable value that guarantees the same stable future for its recipients. In other words, only developed countries with low unemployment are willing to take the risk of giving educational loans. Education in the United States are known to be paid almost for everyone, especially for foreigners, nevertheless, there are opportunities for free education for them. However, it seems to be a little bit unfair…...
Accounting And Finance
Matching Conflict Management Strategies in Agency Work
In this creative writing paper I have critically analyzed the conflict management strategies in a place of agency work and how it contradicts or matches personal conflict management preferences. The term conflict may be referred to as the entire process whereby some behaviors are intended to trigger chaos and obstruct the achievement of set goals in an organization or between individuals. Therefore, conflict management serves as a standard measure to help in resolving and preventing attempts of conflicts. Effective intervention…...
BehaviorConflict ManagementEmploymentPsychology
Scientific Management Analysis
Scientific management is also known as Taylorism. It is basically a management theory that analyzes how work flows. Scientific management aims at making better the efficiency of the economy and specifically ensuring that productivity of labor has gone up. It is indeed one of the first attempts in a bid to use science to the processes of engineering and in management. Fredrick Taylor developed the scientific management theory in the processing factories in the 19th century (Latham, 2007). On the…...
EmploymentMotivationScientific Management
The Practice of Scientific Management in the Amazon Corporation
Scientific management, as explained by Lillian Gilbreth in the early 1900s, aims to yield an abundance of high-quality product while benefitting both the employee and employer. Its superiority over traditional management lies in its betterment of working conditions and the employee's long-term wellbeing. Gilbreth mentions human resources, implementation of a "play element" and amusements as some of the amenities that should be available to employees under scientific management, all of which would aid the employee in developing self-knowledge, a broader…...
Economics
Effective Communication Principles for Organizations
Communication in any business entity is the process by which an individual encodes a message and later sends it to the receiver via a medium of transfer. In business, the means varies from written to unwritten forms of communication. It may also entail movement of the body whose meanings vary from region to another. It is therefore beneficial for all the business management team and all other sectors to keep to the etiquettes of communication for the success of any…...
CommunicationEffective CommunicationEmployment
Effective communication in diverse orgs
Many companies across the globe have noted the strength that comes from promoting a culturally and ethnically diverse workforce. Strategies that are developed by most companies to develop a diverse workforce apply to any given segment of the population. The strategies could target women, workers with disabilities, and staff with various religious beliefs. ExxonMobil Company, being present in nearly two hundred countries, has the task of promoting cultural and ethnic diversity in all the countries it operates. Diversifying organizational space…...
CommunicationEffective CommunicationEmployment
Small Businesses and How They Contribute to the Economy in Canada
It is evident that small businesses contribute greatly to the economy, they supply to the economy by providing new innovations. and creating jobs being responsible for more than half of Canada's employment. They also help the economy to reach several goals such as economic growth full employment, and economic freedom. Small businesses also help the economy moneywise by all the investments and their starting of the multiplier effect. Entrepreneurship is also an opportunity for minorities immigrants. and women to be…...
EmploymentInnovationSmall BusinessUnemployment
An Examination of Medicare, a Health Insurance Program in the United States
Since early 19905 healthcare issues have been a major concern in the United States. As early as in 1915, various agencies embarked on ways of establishing government health insurance programs. Since many United States citizens found it very difficult to cope with the high amounts of medical costs that they could neither predict nor afford. there was a consensus to establish health insurance from 19305. The major concern was whether the program should be funded using public or private finances.…...
Economics
The Purpose of the Children’s Health Insurance Program (CHIP)
The Children's Health Insurance Program (CHIP) is a federal and state funding program that provides low-cost health coverage for uninsured individuals under the age of nineteen. It helps families whose earnings are above Medicaid qualification but are not enough to purchase private insurance coverage for their children. Many of the enrolled families can receive free coverage, but families whose income is beyond the limit for free CHIP are provided with reduced and full-cost coverages. It allows families to pay lower…...
Economics
Importance of Affordable Care Act for Health Insurance
Healthcare is a right that everyone should be able to partake in, but if a person does not have health insurance, healthcare can become very costly and unreasonable. The cost of healthcare insurance is the major reason why the United States wanted to have healthcare reform to begin with, but it wasn’t an overnight process. In order to understand the Affordable Care act, one must understand how the American healthcare system worked to begin with, and a short history of…...
Economics
Communication Barriers Between Employers and Employees
Management and supervision of workers in an organization is one of the toughest tasks that require a lot of skills. Managers usually face management-related challenges daily as they work hard towards accruing profits for the organization. Moreover, the successful administration of a firm or an enterprise requires immense nimbleness, effective use of up to date technologies, and the ability to efficiently respond to any trending changes that would probably impact the performance of the organization. The work of a manager…...
Communication BarriersEmploymentLeadershipMotivation
A Comparison of Public and Business Administration
Globally the public and business administration play very critical roles in the enhancement of economic development and participation. Public administration entails management of the public resources utilities and service delivery and the process may encompass both profit and nonprofit motives. On the other hand. business administration conventionally relates to management of entities and serice deliveries specifically with profit motives. Therefore multifaceted differences and deviations in objectives exist in relation to public and business administration. These differences are exhibited in terms…...
Accounting And Finance
The Early and Modern Management Theory in the United States
In early America, many industrial managers had an autocratic style of management Managers were controllers who managed work being done by their subordinates as well as the behaviors and attitudes of their subordinate workers. This management style was closely related to Douglas McGregor‘s theory X, from his 1960 book called the Human Side of Enterprise. Theory X is a management theory that assumed “most people are naturally reluctant to work and need discipline. Direction, and close control if they are…...
Economics
The Rise of Personal Selling and the Sales Management in the Partnering Era
This article was mainly focused on how relationship marketing is the new marketing. Over time, salespeople have discovered the competitive advantages in maintaining close relationships with customers. Just looking at the different eras of salespeople and their behaviors with clients can prove this. In the production role era, for example, salespeople were mainly concerned with the short-term needs of a client. Therefore, the salesperson’s only duties were to inform customers about products and services available and take orders that later…...
Economics
Creating a Solid Business Plan
If I was hired as a digital evidence analyzer for a law firm, making the decision of what software and equipment were necessary would be crucial. It would be important to come up with a solid business plan that would be sure to get approved by the company I would hate to disappoint my possible employer before even being hired. This would be my first opportunity to show my organization and understanding of the business. To begin, I would come…...
BusinessBusiness PlanEmploymentTechnology
The Importance of a Business Plan for a Successful Business
A business plan is very essential to almost any business‘s success, you need a plan or at least a description of the direction you want your company to go in the future. A business plan a set of organizational goals that you. as a company, feel are realistic and can be obtained over a cenain period of time. Business plans can be used by investment-hunting entrepreneurs, firms trying to bring in new employees, the possibility for new business partnerships, dealing…...
Accounting And Finance
Personal LLC Business Plan
I aspire to create a business that serves as a wellness vendor for corporations. The structure that fits my business the best is a limited liability corporation (LLC). In the video "How to choose the Right Legal Structure for your Business" the viewer is urged to consider four main criteria when deciding upon a legal structure. The first, and what I personally consider most important, is how much liability you desire to have. For example, if for some reason my…...
BusinessBusiness PlanLawTax
The Business Strategies of Two Rival Airline Companies, Boeing and Airbus
In the text, “Managerial Economics and Business Strategy,” Baye and Prince (2014) elaborate on the five forces of managerial economics that are integral in maintaining the sustainability of industry profits within companies One of the five factors is related to the relationship between rivalry in firms across the industry and how it stabilizes profits. In 2004, Irwin and Pavcnik (2004) evaluated the development of wide-body and narrow-body airplanes that have been in demand for some time This paper seeks to…...
AviationBusinessManagerial EconomicsTransport
Tips on How to Start a Small Business
On my final year of university, I was told to write a short report on how to start a small-level business. At that time, I got so much into the course that i planned to do some search on the structure of small-level businesses. After searching and talking with local mall representatives, leased a small can and start selling sunglasses. In the very first week, it was a little slw but then l got experienced and began making money. The…...
Banking And Finance
Al Gore’s Impact on Small and Minority Businesses
Vice President Al Gore is the Democrat candidate for president for this Tues. November 7, 2000 election. Gore has many Views on many issues but his views on small businesses and minority small businesses are the following. Gore's positions on small businesses are favorable. He supports the effort of the entrepreneur. He wants to make health insurance more affordable and more accessible for small businesses through a 25 percent tax credit for premium costs for each employee of a small…...
GovernmentPoliticsSmall BusinessTax
The Challenges of Starting a Small Business and Developing a Business Plan
Starting a small business is often an overwhelming and unpredictable venture, a surefire approach to improve profitability is developing a solid business plan. Developing a business plan will enable you to effectively execute your financial, marketing, legal, and management strategy. An inadequately developed business plan generally leads to a failing business. A business plan outlines your business strategy: the industry, business structure, products or sen/ices you will provide, and how you plan to make your business a success. Your Marketing…...
BankBusinessMoneySmall Business
Small Business: Privately Owned & Operated Firms
The term small business is a phrase that is commonly used to refer to privately owned and operated firms. These firms are characterized by a small number of employees and fewer assets low sales volume and low profits. In the USA, the term small business refers to firms or companies which employ less than 500 employees. Small businesses are characterized by some specific features which form the parameters used to define small businesses. The first characteristic is that small businesses…...
BusinessEmploymentSmall BusinessTax
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