Category: Economics 2707

Table of Contents Theory Results Discussion References Fashion trends arise and die, making society value sustainable advertisements. Indeed, the advertisements make the society gain characteristic beliefs and cultures that have evolved to fit in new trends. The nature of changes in the fashion industry cannot be projected with ambitions because they are evocatively designed to…

Summary Comparative advantage is an economic concept that some countries, states or regions are better set off in producing specific goods than others. Comparative advantage is important in world politics because it determines the countries or regions that will benefit from specializing in he production of certain goods or products and selling to other countries.…

While it is true that Black South Africans were undergoing through immense suffering as a result of the Apartheid rule, it was important for Chevron and Caltex not only to consider the position of South African market as a lucrative venture but also the humanitarian cost of doing business in the country. First the companies…

The function of foreign exchange in practice for the company is hedging. The organization is participating in international trade where the customers of the cross-boundary units pay for goods and services using their local money. The unpredictability of the nations’ currency poses a significant risk of depreciation, increasing the venture’s cost. Thus, the firm intends…

The article entitled “Electrification, Tractorization, and Motorization: Revisiting the Smoot-Hawley Tariff Act” by Boudreau looks into the reasons that led to the adoption of the Smoot-Hawley Tariff Act document. Deeply rooted in the roaring 20s, the preconditions for the new legislation were formed by the economic and political peculiarities of the ‘Jazz age.’The author hypostasizes…

Introduction Australia’s live export is the trading of goats, sheep, llamas, cattle, and other livestock by sending them to other countries across the world. The livestock is exported for both breeding purposes and food consumption. The livestock is considered to be free from diseases. In 2018, the Australian live export industry contributed over $1.75 billion…

Definition of externality Externality may be defined as a benefit enjoyed or a cost incurred yet it is not factored in the price of the commodity consumed. This means that a consumer may enjoy benefits without having to spend on the acquisition of that benefit or he may incur a cost without having to be…

Table of Contents Introduction Clusters Clusters and competition Productivity Clusters in undeveloped economies Conclusion Reference Introduction A city as has been defined by Frey & Zachary (1998) as a dense urban agglomeration. Societies have been rapidly transformed from primarily rural to primarily urban and the notion of urban changes from time to time. It is…

The Federal Reserve System (Fed) is an agency that drives financial stability, being the key regulator of all its bank members. It acts in the capacity of the lender of last resort to institutions that are its members and have no other alternative to borrow from (McDowell, 2017). Concerning its powers, it acts as the…

Size Germany is located in the center of Europe and borders the Netherlands, Denmark, Belgium, Poland, Luxemburg, Czech Republic, France, Austria, and Switzerland. The Federal Republic of Germany has an area of about 357 010 square km (61st in the world), which is equal to the general area of the state of Montana in the…