Economics Essays

104 posts

What is Cash?

Introduction – Cash as a transaction mediumCash is frequently associated with money in societies. Indeed it is one of the most common mediums through which goods and services are exchange for. In this respect cash holds an importance to society due to its potential to transfer goods and services. In the forthcoming sections an examination of the role of money in the business environment will be conducted.Role of MoneyThe purchasing power capability of money in the business environment led to the development of a considerable number of procedures in the...

6 min

The Emergence of Middle Class

For the longest time, status in the society is determined by the wealth a person was able to acquire and to use. Money has been the significant tool in knowing the place of a person in the society. However, in nineteenth century, another class in the society was developed due to several reasons which highly include economy of the country. There are no enough descriptions and sources about the middle class. Throughout the years, society has been into the rich and the poor, the high and the low but in...

4 min

What Determines Economic Growth?

Economic growth is the increase in aggregate output between two distinct periods of time (Romer). Leading to a general improvement in the standard of living, the economic growth of a nation is typically believed to be caused by several growth factors working in tandem. These growth factors may include the growing literary rate among a population, the opening of the trading environment, the beginning of a market economy, the opening of international markets, and the efficient use of natural and human resources (Pritchett).The industrialization of a nation is a significant...

6 min

Should we Outsource our CSR?

In studying our service request process, it became apparent that our ten customer service representatives (CSRs) working on a shifting schedule to serve hundreds of our customers everyday are not efficiently answering the necessity for fast service. Despite computerization, the CSRs were filled to the brim with requests, and they are overworked for accepting the requests and processing them for technical support to attend to. Add to this, they also accommodate account information request from clients. While our technical support is comprehensive, they are waiting for requests which are coming...

7 min

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Causes of World Hunger

Approximately eight hundred million individuals are victims of what is technically referred to as “chronic hunger" (World.., 2006). In addition to that, a little more than a million people live on less than one dollar a day (World.., 2006). These facts actually confirm that hunger, indeed, exist worldwide (World.., 2006). But why? World hunger is brought about by the following:First of all is poverty (World.., 2006). Explaining further, people who are financially disadvantaged or are poor are typically deficient in resources (World.., 2006). Moreover, if unequal distribution of income worldwide...

3 min

What decisions might a manager make based on financial statements?

Financial Statements are considered to be an important piece or source of information not only to the external users of the information such as investors, creditors, government and the regulatory agencies and analysts, but also to the internal users, which predominantly includes managers.Managers, especially financial managers may use this information for the following reasons: To help in making decisions, in general To help in deciding where to spend money and what amount of money Budgeting Deciding on where to invest money, i.e. cash management Deciding on which type of financing...

2 min

What are the world’s most Important Population problems?

Over two hundred years ago, Thomas Malthus predicted doom if human population continued to rise unabated. Though humanity is not likely to end soon, adverse effects have already began to be felt and if the situation remains unchecked, it will lead to catastrophic experiences that will are likely to make life unbearable. The issue of the rise in human population has continued to hit the global headlines for long with debates being on the increase whether the world's capacity is being stretched beyond its elasticity point. An in-depth look at...

6 min

What roles do IMF and BIS play in prevention of monetary crises?

Much has been said and written about how financial crises and monetary policies should be handled in different situations, but it will be interesting to have a closer look at how the International Monetary Fund and the Bank of International Settlements work for the prevention of monetary crises on the global level.IMF and crisis preventionThe International Monetary Fund has always been criticized for its argumentative role in the prevention of the monetary crises and their resolution when they occur. However, this argumentativeness is only seen on the surface, and in...

6 min

Poverty: Causes and Cure

Poverty is the condition for the greater number of people in every country and possibly in the whole world. Reasons why this happened have been asked a million times by many. The poor individuals have been blamed for their plight. Indolence, indecisiveness and lack of integrity are several causes that have been thrown at these poor people why they are experiencing poverty. Another cause is the government. Their implementation of certain projects and laws were being questioned as these seemed to impair the growth and progress of their country. These...

5 min

What causes poverty?

Wherever and whenever a flash of the new view of poverty is found, there is found also growing interest in its causes. This interest increases with the persuasion that it is not desirable that there should always be a certain number of men bare and hungered and in prison, even for the sake of giving some other men the privilege of dressing and feeding and visiting them (Gilder 1993). Just after poverty is recognized to be undesirable, from the point of view of both rich and poor, the question emerges...

9 min

Compare and Contrast Western Migrations

The word “migration" has been going on since the beginning of evolution, usually in search of food, protection, decent weather, and a safe place to live. Today, people still migrate but usually in search of a different job, or a desire to live in a different type of location - - either a smaller town or to a big city or a warm climate or even a colder. Comparing and contrasting the migrations in Grapes of Wrath and in My Antonia, show two different types of migrations that were a...

26 min

Zydeco

IntroductionThe country side of the south western Louisiana is dotted by small towns and boasts to its name the origination of Zydeco, a one of a kind, merger between musical customs of the French speaking African & American population residing in the United States. The birth of this musical practice can be traced back to the times when modern modes of entertainment were not available and the populace had to stay content with house dances. It was at these primarily French social gatherings that the white French speakers, or Cajun,...

7 min

Obstacles for economic policy coordinations

AbstractThere are three main obstacles to successful coordination of international economic policy. They are enforcement, uncertainty, and corruption (Frankel, 1990; Tanzi & Davoodi, 1998). World trade organization is the only global trade organization which deals with the trade laws. So enforcing the laws uniformly among the nations is one of the main problems. And the countries uncertainty about the laws, in the long run, is another problem. Finally, corruption will decrease the productivity of the investment due to some companies who invest in a country's trade for kickbacks or for...

3 min

Work Ethics in Children

Teaching a work ethic is very important. We have a lot of adults, who do not exhibit a strong sense of responsibility, which is the basis for a good working attitude. Expectations that are developmentally suitable give children the sense of achievement, which is the basis to build self-esteem. When we fail to provide opportunities for real work, we are depriving children of the opportunity to grow which is a very important aspect in ones life.Kids (and even grownups) tend to manage responsibilities better when there is a schedule. When...

7 min

World Healthcare Analysis

There has been an increasing change in the healthcare industry trends and strategic management over the last couple of decades. Some of these include healthcare spending as well as production of biologic and generic drugs. Among some contributing factors to these changes include but are not limited to the following. Population ageing has and will continually act as a key factor in determining healthcare spending. Developed-world countries are experiencing a rapid population ageing as compared to developing countries. A study of 60 developed countries indicates that life expectancy is projected...

7 min