Essays on Economics

Introduction Taxation is an act, process or means by which the sovereign (independent state) through its law-making body (legislative branch of the government) makes demand for revenue in order to support their existence and carry out its legitimate objectives (Scribd, 2011). It is imposed in...

Introduction Every government imposes taxes on its people either directly or indirectly. These taxes are in the form of levies such as income, estate taxes, and capital gains, which are imposed on citizens of a country involuntary. Many governments tend to overtax their citizens, but...

Introduction Haiti is a developing economy, and the GDP of Haiti was given at 9.66 billion USD in 2018 (Trading Economics, 2020). The country’s GDP has been boosted by the informal economy with majority of the companies investing in the formal economy. On the other...

It is an undeniable fact that, character triats, attitude, upbringing, and education will shape an individual perception and mindset towards life. Lennie, Suyuan and Amir each has their own idea of what The American Dream should entail. Happiness as a concept is as ambiguous as...

 Sheryl Sandberg once said, “We cannot change what we are not aware of, and once we are aware, we cannot help but change” (Sandberg). Equal employment opportunity is a government policy that states that employers do not discriminate against employees and job applicants. Certain characteristics...

Abstract Principle of equal pay for equal work is applicable among equals. It can’t be applied to unequal. The dilemma is that equal pay for equal work cannot be always calculated in the form of a mathematical formula. Although, this right is enshrined under Article...

Have you ever heard of a day called Buy Nothing Day? Buy Nothing Day was a holiday that originated in Canada in 1992; and on this day, people were encouraged to buy nothing for 24 hours. Participation was optional, but intent of this holiday was...

Abstract  The purpose of this research is to look at the concept of oligopoly, its effects and characteristics on the market by using the right mix of theories and presenting real cases. The research will also show the impacts of oligopoly on the economy. Different...

Introduction This essay will briefly explain the different market structures as well as evaluate their advantages and disadvantages. It will link the theory and case study of market structures and there will be two main market structures, oligopoly, and monopoly, that will be explained while...

Richard Linklater is the director of a film called BoyHood. The film follows the development of two siblings Mason and Samantha in increments of 12 years until Mason and Samantha become young adults. There ascribe status is of a broken home, experiencing g the circumstances...

Many people have suffered from financial and economic problems throughout the globe. The idea of a universal basic income (UBI) has sparked this trend. The magazine is known throughout the world. The UBI is an actual cash payment for all people (2016), the economist states....

Introduction A little over 200 years ago, Haiti gained its independence from France, which turned out being one of the worst mistakes this country would ever make. Haiti’s economy would spend over a century repaying the French and not focusing on the development of their...

Introduction: Enron was formed from a merger of two companies Houston Natural Gas Company and InterNorth Incorporated in 1985 (Segal, 2019). It has been named “America’s Most Innovative Company” by Fortune for six consecutive years between 1996 and 2001. In 1992, Jeffery Skilling got SEC’s...

Abstract Indian foreign trade has come a long way in value terms from the time of gaining independence in 1947. After Liberalization of 1991, India trade growth has picked up place. In the last decade and at present, the composition of trade is dominated by...

Introduction By definition, an inward investment involves an external or foreign entity either investing in or purchasing the goods of a local economy. It is foreign money that comes from another country. In other words, foreign direct investment (FDI) refers to an interest in or...

Classical economists assume that production costs are the most significant factor in the item cost. Neoclassical economists believe that the buyer’s perspective on the expense of a product is the driver of its cost. They consider the economic surplus the difference between the real cost...

Introducción The selected theory is the Keynesian theory which is articulated in a news article published in The Washington Post. The news article published by Carter (2020) is titled ‘the $1 trillion stimuli isn’t about cash. It’s about restoring faith in the system’. It was...

Introduction The Keynesian School and Austrian School of economics have contradictory beliefs in relation to how the economy should be run. The Austrian school approaches the economy with a laissez-faire ideology, where the economy should be able to self-regulate to a point of equilibrium. In...

Introduction New Keynesian economics attempts to provide a microeconomic foundation for sticky wages and prices (Gartner, 2013). In macroeconomics, the ‘Keynes versus Classics’ debate began in the 1930s and has continued in various forms to this day. For instance, during the ‘great inflation’ of the...