Essays on Economy

When Singer wrote the famous article on ‘Famine, Affluence and Morality’ in 1972, few people had ever thought about charity work philosophically. Since then, the issue of giving to organizations that claim to alleviate suffering in different parts of the world has been the subject...

The option of manufacturing overseas is done mostly to reduce component costs whilst maintaining research and development and design in New Zealand. The idea behind manufacturing overseas is to either contract the job or create a partnership with an overseas manufacturer while still having control...

The use the term today as if it were always part of our lingua franca. But it wasn’t. Not long ago, even economists mocked at the understanding of “Human Capital.” As Theodore Schultz noted many thoughts that free people were not to be associated with...

Fiscal policy plays a crucial role in Saudi Arabia as the main vehicle through which the country’s oil wealth is converted into economic outcomes and distributed for the benefit of the population. The Saudi Arabian economy has always been based on oil revenues. Changing this...

Regional Groups are the associations of countries around a particular region whereby these countries have common grounds of understanding and perspectives regarding rules and regulations to be followed when relating with one another. These groups have rules that set them apart from non-members. Intergovernmental authority...

BASIC INFORMATION § Country Established: 987 § Native Language: French § Current Population: 66.9 million § Gross Domestic Product: 2.465 Trillion US Dollars WHAT IS THE MILITARY AGE? IS SERVICE MANDATORY OR OPTIONAL? France is again reinstating mandatory service but it’s not called a military...

India is a net importer of petroleum, gas and other gaseous hydrocarbons. It is expected that India’s import of hydrocarbons would amount to 300-500 billion dollars annually by 2030. To get rid of this energy dependence, India should Invest in Fuel Exploration Technology: That India...

Economy and population continue to grow and increase the demand for residential and office space and indicate the potential boom in real estate market. The easy accessibility to local transportation and location will spur the economic growth and development. The local government is actively investing...

As dynamic as it sounds, Blockchain truly is a framework to pass on everyone to the most significant level of obligation. No more missed trades, human or machine bungles, or even an exchange that was not completed with the consent of the get-togethers included. Over...

Tensions on global systems, including social and economic, are becoming increasingly more complex and complicated. These layers of complexities and complications, in turn, make it difficult to utilize a single point solution or simple strategy to solve associated problems. Systemic innovation is an approach that...

Over 2.5 million people fly in and out of airports every day. In 2016, 40 billion pounds of goods were transported. Annually, aviation supports 10.6 million jobs. These are few of the reasons how aerospace power contributes to the commerce of the United States. Aerospace...

Pipeline plays a vital role in modern civilisation as it provides the needed fuels for sustaining imperative functions such as power generation, heating supply, and transportation. The cost of installing underwater pipelines is a significant factor in the economics of offshore natural-gas exploitation. Proper design...

Introduction United Overseas Bank (UOB) is a multinational banking organization, that has its headquarters stationed in Singapore. With branches found mostly in South East Asia, “UOB is committed to building lasting relationships with our customers, through product and market expertise, and our promise to always...

Karl Marx once rightly quoted, “A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.” Initial launch of a commodity in market might seem luxurious...

Consumer choice is a major driving force in the factors influencing various outcomes concerning microeconomics. This is well known and numerous companies attempt to harness this knowledge for profit, but it remains difficult to fully account for the tastes that can make up the complexity...

The aim of this report it to show the effects of what will happen on the supply and demand curves when three different types of policies are introduced, the three types of policies in the report that will be discussed are; congestion charge or tax,...

The European Union Strategy bases on past experiences and incorporates actions that must be taken to face emerging challenges. It has been developed thanks to extensive consultations with the public and EU institutions. The 2020 strategy sets out steps which need to be taken to...

Determining a good balance between a rising economy, the need for environmental protection and social responsibilities in order to provide a good life for the current and future generation is what is energy sustainability. In other words, it is meeting the needs of the current...

Under the typology of entrepreneurship is understood the theory of various types, spheres of entrepreneurial activity, determined by essential characteristics, allowing to classify this particular economic activity to a particular type (kind). In the literature, there is no uniform grouping of the main types of...

BASIC INFORMATION § Country Established: June 17, 1944 § Native Language: Icelandic § Current Population: 334, 252 § Gross Domestic Product: 20.05 Billion US Dollars WHAT IS THE MILITARY AGE? IS SERVICE MANDATORY OR OPTIONAL? This might come off as a surprise but Iceland is...

BASIC INFORMATION § Country Established: September 18, 1810 § Native Language: Spanish § Current Population: 17.97 million § Gross Domestic Product: 247 Billion US Dollars WHAT IS THE MILITARY AGE? IS SERVICE MANDATORY OR OPTIONAL? In Chile, there is something called Servicio Militar Obligatorio (SMO)...

Trade has positive impacts on economic growth of the economy so the focus of governments always has been to boost exports and explore markets for the locally produced goods to obtain higher levels of economic growth. Despite the global meltdown, India should steady growth in...

There are a number of potential mechanisms through which Internet use positively affects economic outcomes. Access to the Internet increases information flow which reduces distances between people, firms and nations which in turn reduces transactions and transportation costs. Technological progress depends on the exchange of...

Based on the movie that I have watched, I have noticed that there are many significant impacts underlying in the capitalism market structure. Firstly, under capitalism market structure, people tend to have a very strong automatic incentive to work for more profit and money with...

How much oil is actually left on Earth? When will we run out? These are questions that people don’t usually think about. Humans are so used to things just working all the time; it is hard to even think about something running out. The truth...

Eight hundred and fifty million people currently live in urban slums in low- and middle-income countries – about one in every seven people in the world. Lack of infrastructure and services contributes to very high burdens of injury, illness and premature death among slum dwellers....

In 2016, $78 billion dollars of revenue and over 1.4 million jobs came from overall retail sales of distilled spirits in The United States of America, with the number of jobs increasing every year. Spirits are the most significant drink historically as they were revolutionary,...

Depending on each moment, it may variate what will be more interesting to use, if active or passive management. This seems to be the debate of recent years in asset management: Active or passive management? Both have strong defenders. However, they do not have to...

Financial collapses are always scary and catastrophic events. It’s even worse when barley after a decade has passed since the last one, experts are already saying that another one is imminent. Michael Sandel, is a very interesting political philosopher and the author of the book...

In early 2000 we experienced a sort of depression with loosing major businesses such as Chrysler and General Motors. With the downfall we seen the housing market skyrocket for a short period of time due to Subprime mortgage loans, where it was easy for people...