Samples Economics

Economics Essay Examples

The economic and industrial developments of the 19th century brought with them significant social, economic and cultural changes. The Lowell National Park provides a history of these developments. Some of the history includes farm-to-factory transitions, history of immigrant labor, history of development of social classes and emergence of America’s industrial...

636 words 3 page(s)

The Cold War between the U.S. and U.S.S.R was not just a battle for military supriority but also the clash of ideas. U.S. victory in the Cold War helped promote capitalism around the world because capitalism proved itself the best economic system. Capitalism is better than centrally-planned economy because it...

663 words 3 page(s)

The tourism industry has long been a significant source of revenue throughout the Caribbean. Factors such as climate and spending power attract tourists from throughout the world, which largely assists in alleviating the consequences of the limitations in other economic and geographic opportunities. Unfortunately, however, the tourism industry has faced...

297 words 1 page(s)

The United States is in the midst of a global energy crisis. Breaching the end of their reliance on non-renewable energy sources such as oil, coal and natural gas, what has emerged is the viable alternative of hydrogen fuel. In fact, hydrogen power was so enticing that the Bush administration...

333 words 2 page(s)

I think the statement: 'Forecasting in public budgeting is always going to be wrong, therefore it is a waste of time.' is false because there is a reasonable reason to forecast in public budgeting, which is “to err [and to] plan… [That means to] acknowledge and deal with errors” (Swain...

704 words 3 page(s)

As a corporation, Disney has a significant economic impact in three main areas in the United States: The Western entertainment industry, Orlando tourism, and Anaheim tourism. In fact, Disney World in Orlando alone impacted Florida’s gross domestic product (GDP) by 10 billion dollars just from gate admissions and theme park...

626 words 3 page(s)

When studying Economics, students encounter a large number of theories and concepts from various schools of thoughts. The theoretical aspect of the subject is often considered boring and not useful since many people do not recognize the practical value of the studied concepts. Indeed, it may seem that some theories...

624 words 3 page(s)

The North American Free Trade Agreement (NAFTA) was developed in 1994 to encourage the United States to improve trade relations with Mexico and Canada. Mainly, NAFTA incorporated liberalized approaches to trade whereby tariffs were removed to encourage the three nations to increase both domestic and cross-national trade. Particularly, the agricultural...

611 words 3 page(s)

In an article on the 40¢ per gallon price reduction on gas, Chris Isidore claims that the average price of gasoline has decreased since its peak in April by 10%. This is an example of comparing two measures of central tendency without incorporating measures of position or dispersion. While the...

357 words 2 page(s)

Consumers want to have high quality products. They do not want to buy products that work improperly or that fall apart after minimal usage. At the production level, there are many different things that can cause failures in quality. The main reasons for failures in quality are Man, Machine, Management,...

276 words 1 page(s)

Political Environment Online advertising has an interesting political environment because of opposition is some political circles (Burkhalter, 2012). The opposition is due to the explicit nature of some of the advertisement and the ability of the internet to allow unlimited access to material regardless of the age of the viewer....

1109 words 4 page(s)

Wheat is one of the earliest grains to have been utilized as a cereal food source. Wheat possesses the ability to self-pollinate, contributing enormously in the selection of many of today’s domesticated varieties. Archaeological and anthropological records suggest that this first occurred in the regions known as the “fertile crescent”,...

425 words 2 page(s)

a. The target market of the PowerBar, and in fact all other energy bars, consists of busy women with little time on their hands. These are looking for taste and nutrition in the product. Health is a primary concern for these women, therefore they are mindful of the amount of...

622 words 3 page(s)

Outsourcing is regarded as the process where a company contracts some of its in-house services to an outsider contractor, as a way of cutting down on operational costs. Most of the American corporations are hiring other companies or individuals to manufacture for them products that were previously produced in the...

701 words 3 page(s)

Within the scientific world, there are a number of topics that are overwhelming biased through cultural outlook and beliefs in terms of their real world applicability. This is unavoidable, as cultural beliefs heavily influence the perceptions and ability of an individual to understand the world around them, and as such,...

576 words 2 page(s)

The American economy is a complex system with heavy influence on the overall financial health of the nation. Understanding what affects the economy in both a positive and negative manner is essential to exhibiting the most control possible over a system that is so critical and that touches basically every...

1050 words 4 page(s)

The problem of resource curse is one of the most challenging conflicts in the area of extractive industries and development, especially sustainable development. It so appears that both developed and developing countries are in a position to remedy the problem. On the side of countries with rich mineral resources, the...

354 words 2 page(s)

The Bank of America is one of the largest banking organizations in the U.S.A. It has its headquarters in Charlotte, North Carolina (“Keep the change” Account Service for Bank of America n.d). This renowned banking and financial services corporation’s history dates back to the year 1904 when Amadeo Peter Giannini...

362 words 2 page(s)

The article “why the price of filling up has been going down” talks about the effects the war in the Middle East has on the supply of oil. The average diesel and gas prices in the market have fallen.. The prices of diesel have fallen and are expected to keep...

630 words 3 page(s)

Case Study 1: The State of the USA The State of the USA is not intended to replace the GDP; instead, it is intended to provide a wider perspective on economy-related factors in the United States (as well as information about other aspects of life in the US, such as...

334 words 2 page(s)

The Valley Economic Development Center (VEDC) was organized in November, 1976 to improve the downtown Van Nuys, California business district. The focus of this company was to develop a relationship with the community along with contracting business with the City of Los Angeles and other companies in the state of...

543 words 2 page(s)

Mutual funds are beneficial for those investors that desire diversity in their investments. They do have their own set of risks though. For instance, mutual funds are not guaranteed or insured by the FDIC. This means that the entire investment could be lost, with no chance of recovery. In fact,...

379 words 2 page(s)

The present text discusses the problem of economic inequality in the USA. According to the author, this problem represents a critical threat to the American democracy contradicting its fundamental principles. The author draws parallels between the economic equality and the political one stating that the latter is a powerful trigger...

953 words 4 page(s)

The backdrop of online retailing is the concept of online shopping. In online shopping, the customers make their orders, select deliver the address, process payment. Since the inception of online shopping, significant changes have been witnessed. For instance, in the past, there were no mobile wallets. However, at the moment,...

908 words 4 page(s)

Introduction Technological advancement and digital disruption have affected virtually all aspects of life. One sphere that has been affected profoundly is the retail business. Globally, many companies have adopted the online retailing model (Ahmad, 2018; Grewal, Noble, Roggeveen, and Nordfalt, 2020). Whereas some businesses have opted to balance the model...

652 words 3 page(s)