Category: Economics 2707

Companies refer to several market potential indicators in making market entry decisions. Michigan State University’s School of Business has developed eight indicators to help companies to make such decisions when considering entry into emerging markets. Emerging markets are quite critical as they form majority of the world’s population and account for more than half of…

Kenyan history dates to the Stone Age era, making it one of the most extensive and complete records of human cultural development worldwide. This is due to the country’s conducive environmental factors for human survival and growth. Kenya gained independence in 1963 from the British colony, after which it stimulated its economy through public investment,…

The original article by Sofis et al. (2015) aims to explore the phenomena of sunk costs and escalation as related to investments and the implications of investing depending on different circumstances. While some scholars have defined the effect of sunk costs as escalation’s subset, others use sunk costs and escalation interchangeably and only focus on…

Business Indicators for (Foreign) Investors Foreign Exchange Stability Chowdhury & Haque (2008) pointed out that the foreign exchange stability and virtual exchange rates of currencies in SAARC nations were more stable on average throughout the past decade than the US Dollars, Euro, and Yen, which prevail in the Special Drawing Rights. SAARC countries pursue stable…

Consideration of a simple economy in which two output goods are produced using only labor, yielding three markets Simple economy China’s agricultural sector is a simple yet labor-intensive economy. In the simple economy which is the agricultural sector, the cost of production and the prices of goods produced are mainly determined through the use of…

In recent years, due to a considerable decrease in economic growth caused by the coronavirus pandemic, many organizations and corporations decreased their volumes of production; hence their incomes decreased correspondingly. Therefore, it is the question of investing that has recently been worrying the majority of shareholders and corporate CEOs. Moreover, the importance of the nearest…

This passage is very relevant in the era of a pandemic when the world is still adjusting to new conditions. Delivery has become one of the most popular services where people can receive purchases and earn money by delivering them to others. It can be a real salvation for those who have lost jobs in…

While the short-term economic prospects are very unpredictable and dependent on the pandemic’s course, it is apparent that numerous long-term labor market shifts are already underway. Rather than speculating on whether the labor market will fully recover, one should consider how the epidemic has sparked or expedited labor market changes. Workplace flexibility, the use of…

According to the available information, the selected article was published on December 3, 2021. The article “America added a disappointing 210,000 jobs in November. But the details paint a different picture” (2021), authored by Tappe, is dedicated to adding jobs for Americans to the economy in November. The author of the article analyzes the November…

Competitive advantage is the ability one country has over another to produce a particular commodity with a comparatively lower opportunity cost. For example, Kenya has the necessary climatic conditions for the production of coffee. On the other hand, Switzerland has an advantage in the technology to manufacture refined coffee for sale in the world market.…