Economics essay

Customer behavior is an interesting topic. The way customers behave differs although certain similarities can be discerned. Irrespective of the deviations that customers reflect, attitudes, personalities and motives influence purchase decisions greatly. Based on the varied behavior of consumers, ...

The Exxon Mobil Corporation has often performed well financially, as corroborated by its long-term performance in the oil industry. Based on the statistics given, the gross profit margin of Exxon Mobil Corp has declined during the second quarter of 2012 when gauged against the second quarter of the ...

Whether one is working at a well-known or upcoming company, the pressure to deliver remains immense. Since competition is stiff, marketing budgets are often cut. Hence, marketing departments need to achieve their goals using the available resources. Since I have acquired new knowledge in marketing, ...

The revenue recognition principle is a critical component in accrual accounting along with the matching principle. Both of these principles are useful in determining the accounting period in which expenses and revenues are acknowledged. Based on the revenue recognition principle, revenues are ...

In this paper, an analysis and discussion of various macroeconomic concepts are discussed as different variables are applied or varied. This assignment is done under three questions; question. It is assumed that the Federal Reserve strictly follows a rule of keeping the interest rate at 3% per ...

Economic inequality has been eminent in the United States, and according to Joseph Stiglitz, the inequality has been created by the market forces, which are protected by the government policies. Stiglitz blames the government for the inequality that exists in America today. He asserts that the ...

The government can increase its revenues through the use of taxation. However, the government has to argue out on which taxes to increase in order to increase its revenues; increasing taxes of basic commodities would be unethical since this would affect a vast population. On the other hand, ...

Unsightly charges and fees are those costs banks charge their customers that are hideous in nature. This paper explores the possibility of these lending institutions changing from such a practice and disbanding such a culture. The charges are normally not well understood and known to the customers. ...

The inevitable forces of globalization and regionalization have re energised the world economic scenery over the past century. Global trade and income flows have seen unprecedented growth. Intra-regional economic connections have become stronger with the propagation of regional trade agreements ...

Usually, the third party in most commercial contracts there is not much concern about the existence or identity of the undisclosed principal. The papers therefore sets out to explore how the third party can be protected by law and analyze the possibility and legality of having the undisclosed ...

Energy tax policy plays a crucial role in regulating the United States energy market. In a project, the energy tax policy acts as a rule that influences the after-tax cash flow through various credits and deductions. In the next few decades, Federal energy tax policy will be a crucial requirement ...

The concept of a free market can be utilized in conserving wildlife in a bid to save the black rhino. The black rhino is becoming an endangered species regarding the increased poaching, and lack of proper regulations to check game hunting. For instance, South Africa allowed game hunting on black ...

In the everlasting debates for which economic theory and approach is the most effective, researches unfortunately often remain on theoretical side and tend to forget, that times and circumstances have significantly changed since these theories were introduced. Each national economy is unique, ...

The peak of the world financial and economic crisis in 2008-2009 appeared to be a “tough” exam for the global financial system and the global market. The financial crisis began in the U.S in the summer of 2007, spreading globally afterward. The crisis took place mostly in the US and ...

The situation of price change for any good or service on the market is well known in any model of national economy. It occurs constantly and for various reasons. The change in prices of goods particularly affects the welfare of the consumer: when the price of a product that one buys increases – ...

Economy of European countries varies greatly: from industrial economy of Western European countries with high Gross Domestic Product (GDP) and high living standards to Southern agricultural and Central former communist countries that now suffer the most from economic crisis. Many Eastern European ...

A concept of a free market economy, described by a number of theorists, including Adam Smith and David Ricardo, is a hypothetical state of the national economy or the type of economic system where supply and demand are the only forces to set and regulate prices for goods and services on all ...

Laipac Technology, Inc. is the leader of real time GPS location and tracking technology. It provides valuable products useful to law enforcement, medical services, and the military with solutions to personal tracking devices from parolees to Alzheimer’s patients to those under house-arrest. ...

The current knowledge-based economy is mainly supported by the information and communication technology (ICT). The adaptation of ICT innovation in various parts of the world is taking place at a very high speed and the use of ICT has increased tremendously in the recent past (Fettweis & ...

Financial guarantee insurance refers to an insurance policy that covers an entity against the financial loss emanating from the inability of the borrower to settle the loan (McKnight, n.d). The policy might also cover the entity against losses incurred from reduced interest rates that adversely ...