Essays on Economics

Abstract This literature review investigates the International Financial Reporting Standard and the United States General Accepted Accounting Principles. The paper highlights the revenue recognition standards, IFRS 15 and ASC 606 of both accounting principles and provides examples of two companies, Nokia Corporation and Apple Inc.,...

Introduction Development means improvement in the social and economic conditions of a country. It also refers to improvements in the way an area’s natural and human resources are managed. It embraces the application of certain economic and technical measures to utilize available resources to instigate...

Introduction Rapidly growing population along with digitalization and globalization re-sult in constantly increasing number of internet users. (ITU 2019) Closely relat-ed to this development is the expansion of e-commerce business. Especially in the times of isolation, caused by the Corona crisis, which we currently live...

Introduction Globalization is one of the most important and stages of global development and economic progress. Globalization is the main driving force of the global economy, which promotes global prosperity. Its dimensions work in all spheres of the state (social, economic, cultural, etc.) and main...

The year 2022 is a challenging year, while the recovery from Covid-19 just began, comes another big issue of the Ukraine-Russia War. It is no longer an issue of invasion between the two countries, but hitting economies around the globe. The wholescaled Russia’s Invasion of...

The Russians and Ukrainian conflict is all over the News, this has stolen the attention of every South Africa. Thus I have done a research about the effects of how Russia’s Invasion of Ukraine affect Africa and South African country and it’s society as a...

The Russia’s Invasion of Ukraine is one of the most recent and controversial events in the world. Since February 24, 2022, these two countries have had no formal diplomatic relations and are now at war. Several places across Ukraine have been attacked, according to CNN...

Taxes in the Philippines affects each day lives through influencing incentives, taxes can have an effect on each provide and demand factors. The main acts towards the process of taxation are revealed in the importance of taxation in the Philippines essay. On March 26,2021, the...

Shepard’s point of the project: Does the American Dream still exists? After reading Barbara Ehrenreich’s famous Nickel and Dimed Adam Shepard was frustrated to accept the hopeless future of the working class of America. He wanted to prove that one can make something out of...

A cultural environment is a set of beliefs, values, practices, customs, and behaviors that are discovered to be shared amongst the ones that are living within a certain population. They consist of the influence of religion, family, education and social systems. On the other hand,...

It’s obvious that both short-term and long-term effects of war can be felt on a nation’s economic growth. The economic effects of war can be both direct and indirect, affecting different sectors of the economy and different segments of the population. Analysis of Main Economic...

Globalization is the process of rapid integration and interconnection between counties. From Bangladesh, because of globalization, we can see when and what is happening in Russia and Ukraine and what impact has been done on Bangladesh Stock Market because of Russia and Ukraine conflict. In...

Tim Dunlop famously wrote, “inequality can be social, economic and democratic, but at its heart is about the exercise of power, who has it and who doesn’t”. As power and politics are inextricably linked to each other, in this light, growing economic inequality is clearly...

For primitive beings like us, life seems to have one single purpose — gaining time. It is going through time that also seems to be the only real purpose of each of the cells in our bodies. To achieve that, the mass of the cells...

Before Enron’s breakdown, Enron was one of the world’s significant power, gaseous petrol, correspondence companies in the world. It is true that Enron was one of America’s most imaginative organizations in the previous six successive years. Until 2001, it guaranteed that it had about $101...

Richard Wilkinson studied the social consequences of income inequality and how mixed factors affect happiness. He presents a good deal of experimental data, showing that there are much more equal societies in developing countries. The income gap between the rich and the poor is smaller....

Economic inequality is also referred to as income inequality, which can be defined as the unequal distribution of income and economic opportunities in a country between different groups. The economic system of the world, especially the developed countries like the USA, have high economic inequality....

Enron was created by Kenneth Lay in the year 1985 in Houston Texas through a merger between Houston Natural Gas Company and InterNorth Incorporated. Kenneth Lay became the CEO and chairman of Enron after his leadership from Houston Natural Gas Company and recreated the company...

The aim of this research is to identify and explain the causes behind issues concerning the misuse of foreign aid and the imbalances created by international trade, while providing concepts for potential long-term solutions. The research will go over the respective issues, detailing the issues...