Category: Economics 2707

Increased Supply, Decreased Demand and Price Drop Table of Contents Abstract Analysis of the Recent Economic Event Connection with Macroeconomics Conclusion References Abstract The oil industry plays an extremely important role today because its development allows the population to maintain their lives in the way they used to. The price of oil alters rather often…

Price Elasticity of Demand: Corn Oil Effect of the high demand for corn on its substitute soybeans and effect of the high demand for corn on soybeans farm An increase in the quantity demanded of corn oil will reduce demand for its substitute corn oil. Farmers will consider supplying more of the highly demanded corn…

International Economics: Data for China The table below presents the World Bank data for China within the years of 2011, 2012, and 2013. The choice of years for this paper was based on the fact that 2011-2013 are quite recent, and therefore, they provide a reflection of the latest changes and events in the selected…

The Nature of Economics by Heilbroner: Relevance of Economics in Society In his article, The Nature of Economics, Heilbroner (1995) discusses the purpose and relevance of economics in contemporary society. While acknowledging his views could be contentious to many readers, he underscores that economics is concerned exclusively with the study of capitalism (Heilbroner, 1995, p.22).…

The United States and Panama: Comparing Economic Variables The less favorable economic situation of Panama compared to the United States is seen from their GDP and GDP Per Capita. Thus, according to Country Economy (n.d.), the formers corresponding indicators are $52,938 million and $12,373 million as of 2020, respectively. Meanwhile, in the United States, these…

Preparation of Financial Statements With regards to the preparation of financial statements, the AICPA Code of Professional Conduct (2014) includes key points as to the knowing misrepresentation of the statements, submission of financial statements, negligence in preparation, and subordination of judgment. The knowing misrepresentation of financial statements in the course of their preparation occurs if…

Chinas Economics in the Article China in Africa The article by Alessi and Xu (2015) concentrates on the fast development of Chinas economics in the context of its relationships with Africa. The authors describe the countrys current needs and how they are satisfied, examine the criticism over the business practices, and assess the advantages of…

How Much Governments Assist Citizens During Crises Since the wake of COVID-19, many people worldwide have faced an economic downturn. Millions of people were laid off from work, losing their source of income, and thousands of businesses could not move on. The government has the mandate to protect its people from physical and economic problems…

Small and Medium-Sized Enterprises in the UK Economy Introduction The impact of small and medium-sized enterprises (SMEs) on the economy of a country cannot be neglected. The concept of SMEs is defined as small and medium enterprises depending on the number of employees. In the UK, a company is considered small with up to 49…

Too Much Integration With the Global Economy Table of Contents Introduction Main Body Conclusion Reference List Introduction A number of issues are responsible for poverty and underdevelopment in poor countries. These issues vary from country to country. In most cases, ineffective policies and dependency upon developed states are the main contributors to poverty and underdevelopment…