Essays on Economics

Karl Marx and the Capitalist Mode of Production Karl Marx provided very succinct and undeniable evidence and arguments about the capitalist mode of production whose roots are ingrained in the ideologies of political economy. He notes that despite the political economy failing to adequately and confidently convince nor define the capitalist...

I agree with Cohen statement that “early universal marriage is a key barrier to gender equality,” which mostly affect females. Cohen concurs that early marriages are inherently harmful to the social as well as economic development of a nation. For instance, most of the girls who get married at an...

Friedman and McNally's Perspectives on Capitalism Friedman and McNally are great economists which have had a significant impact on the society. Both economists advocate for freedom in the society with minimal or no government intervention and control, but their difference comes along from their perspective. McNally's Perspective McNally, who is a writer, takes...

Introduction “We are going to build the wall. We have no choice” (Payan, 2016). It was during a political rally in California that Donald Trump, then a presidential candidate promised to crack down illegal immigration in the US. Enthralled by the Republican’s presidential aspirant’s speech, his supporters chanted in response, “Build...

Ritzer’s concept is quite accurate since it describes many sectors in the economy. Clients expect fast and efficient services. Federal agencies are often criticized for slow or lackadaisical services. For instance, many Americans complain whenever their visas or driver licenses are delayed. Similar sentiments are visible in other areas of...

The public sphere has been considered as the primarily available space in which citizens can share their reasoned democratic opinion and debate among themselves. This space offers rooms for discussion of projects and ideas arising from the society, which are demonstrated to the individuals tasked with making critical decisions within...

I agree with the functionalists’ argument that inequality can be good for society. That is because various forms of inequality, such as income inequality and wealth distribution, do not hinder economic mobility, neither do they inhibit economic growth. Besides, inequality is not detrimental to human liberty or democracy. In other...

An example of a taken for granted assumption that people frequently make is the myth of “you have to spend money to make money.” While such a myth may sometimes be true, spending more money does not always lead to a positive return on one’s investment (Ainsworth, 2015). For instance,...

ry country differ in terms of how the governments manage them but they all have specific components. These components are definite in every institution and include the mission and vision which directs how an institution operates (roles), values, norms as well as statuses. In developing nations, institutions such as financial...

Industrialization Industrialization refers to the period during which textile manufacturing, transportation, and agricultural activities were mechanized alongside a change of power which encompassed economic and cultural conditions, railroads and ships development (James-Chakraborty, 257). The industrial revolution began in Britain at the end of late 18th century providing a roadmap through which...

The key purpose of this paper is to identify the issues faced by Barnies Burgers which includes the failure of training employees. It also show the value of Resourcing and Talent Management function. Currently, the organisation is using online advertisements to enhance fulfill of new job vacancies and also it...

In one of recent articles published on the Economist on 12 May 2018 titled: ‘Bans on paying for human blood distort a vital global market’, Barzin Bahardoust expresses his amazement in life (The Economist, 2018). Barzin Bahardoust is the founder of Canadian Plasma Resources (CPR) firm and for considerable years...