Essays on Economics

BYOD (bring your own device) is a concept that allows employees to use their personal devices in the workplace. It can mean several things to different organizations. Some may limit employees from using their personal devices during working hours while others may place additional responsibilities on IT departments. But in…

Marginal cost is the change in total cost when the quantity produced is increased. In other words, it is the cost of producing an additional quantity of something. This change is measured in units, which are known as units. The U-shape is an example of this. It is used to…

Mercantilism is a form of economic nationalism that is based on a zero-sum game and encourages the use of military force to protect local markets. Mercantilism is a precursor to capitalism and the use of military force is one of its major features. Historically, mercantilism was associated with colonialism and…

The founding of J.P. Morgan and Company in 1871 is a story that will be familiar to anyone interested in American history. Morgan helped finance such important institutions as the Brooklyn Bridge, Panama Canal, and the American rail system. He also helped the fledgling republic survive financial crises when there…

Debt is a form of obligation that requires you to pay money or another agreed-upon value to a creditor. It is the opposite of an immediate purchase, since the payments are delayed. A debtor should be familiar with the terms and conditions associated with debt. This will help them make…

Keynesian economics is a theory of economic growth that originated during the Great Depression. This theory focuses on the multiplier effect and the government’s role in stimulating the economy. In this article, we will review some of the key points of Keynes’s general theory of employment, interest, and money, and…

The dominant players in a market tend to collude as if they were a single monopoly, and they often try to fix prices, output volumes, and other business terms. Alternatively, oligopolists may focus on non-price competition. They may compete on customer service, packaging, or special delivery options, instead of prices,…

The COVID-19 pandemic has significantly impacted the Philippines’ growth prospects and the poverty reduction process. While 2020 growth has contracted, real wages are expected to increase as well. The COVID-19 pandemic, however, has negatively affected poverty reduction and household incomes. In addition, the slowdown in tourism and remittances has also…

In this article, I’ll talk about Barbara Ehrenreich’s book Nickel and Dimed and what it means to be “nickel and dime.” She was an undercover journalist who investigated the impact of the welfare reform act. What did she find? You’ll be surprised! I hope you’ll enjoy the book! Then, I’ll…

Most persons spend a considerable part of the lives at work; therefore, it is crucial to have a at ease environment. A good atmosphere for working promotes the well-being a person and satisfaction. I consider sweatshops are harmful to the workers because they do now not offer good working conditions….

The process of ordering at SeaWorld’s is straightforward and heavily depends on the client to provide accurate information. SeaWorld’s website states that ordering includes the customers adding the required personal data related to the made request (SeaWorld Parks & Entertainment, 2017). The ordering process causes other problems. One of the…

Cisco depends on farmed salmon in order to keep fish prices as competitive as possible. However, due to the way the salmon are treated, this method of farming is regarded as one of the most dangerous aquatic processing methods. The salmon farms are made up of open-net cages in which…