Economics Essay Examples

Economics

Economic Impact of Dance in Ireland
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Pages • 4
In this article, I will attempt to outline the economic issue of the dance industry in Ireland. There has been a huge increase in demand for dance in recent years in Ireland. This has resulted in many aspiring dancers attempting to be successful in the industry, which is not easy. Unfortunately, in Ireland, we lack the funding and resources to provide adequate training and education for those who wish to work in the competitive industry of dance. As a dancer…...
Technology in Agriculture: How Has Technology Changed Farming?
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Pages • 6
Nowadays, technology has become one of the most powerful things humankind had created. You will see that everything now is modernized and because of innovations it is continuously growing and widely spread around the globe. We can also say that one of the biggest needs of humanity is the existence of Agriculture. Agriculture provides food daily basis and income for the farmers. It is called a traditional procedure but with the attachment of technologies, it is now called Modern Agriculture.…...
Why Trees Are So Important in Our New Smart Cities
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Pages • 8
Trees are very important in Buhara sub-county in the Kabale district for reasons like income generation, soil erosion control, biodiversity conservation, wood, and charcoal production among others. Eucalyptus species and Pinus species remain part of the dominant tree species planted in Buhara sub-county. Although these tree spp. are widely planted, the environmental effects of plantations comprised of exotic trees such as Eucalyptus spp. and Pinus spp. have been vigorously debated and reports such as drying up of watercourses, affecting the…...
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The Economy of the Early Roman Empire
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The early Roman state was founded in 509 B.C after the romans drove out the Etruscan king. Rome was known to be the center of the world which lasted for several centuries and the thought of such a world power could decline was unheard of. Rome started out from a cluster of villages and into a great empire. It covered most of Europe, North Africa, and parts of asia. It was so powerful and seemingly unstoppable but as the aspects…...
How Does the New Minimum Impact Youth Unemployment in South Africa
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Youth unemployment is a major problem in South Africa. This essay will evaluate the effect a new minimum wage will have on the level of unemployment. A definition and description of youth unemployment will be presented, as well as an analysis of the labour as experienced by different races. A simple definition of youth unemployment is described as able-bodied citizens aged 15-24 not finding employment. Youth aged 15–24 years are the most vulnerable in the South African labour market as…...
What Are the Pros and Cons of Raising the Minimum Wage?
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The topic which was selected is the minimum wage. My position is that the minimum wage should be raised. The current federal minimum wage is too low and not sustainable for a majority of the US citizens. The premises that support my position are “raising the minimum wage would increase economic activity and spur job growth, increasing the minimum wage would reduce poverty and a higher minimum wage would reduce government welfare spending.” The premise that raising the minimum wage…...
Hard to Survive in Beautiful Vancouver
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Pages • 4
As we all know what minimum wage is, it is actually the lowest wage a company is legally allowed to pay its employees. The lowest wage permitted by law is greatly needed to make a life easier. Nowadays, everything is gone up regularly which requires a change in the minimum wage as well. Hence, international students are one of the reasons, the minimum wage should be increased because of high cost of living, higher tuition fees and labor exploitation. Accordingly,…...
Can a Family Survive on the U.S. Minimum Wage?
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What does it truly cost to be able to live a comfortable life at home? There are millions of workers in the United States that make the current federal minimum wage of $7.25. It is widely discussed that this is unable to support any kind of family. Due to this, there is a movement to raise the current minimum wage up to $15 an hour. Through this, it is believed that the amount of poverty would greatly decrease, the government…...
The Minimum Wage is Not Enough to Survive
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The minimum wage is the minimum amount that an employer can pay their employee. In the United States, many people are greatly affected by the federal minimum wage. Poverty continues to increase in the United States. Currently, it is at seven dollars and twenty-five cents which is too low in the current world today. The minimum wage is under debate if whether it should be increased. The debate has been brought about since many people are earning the minimum wage…...
Sustainability and Quality of Organic Food
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Sujata, S. et al (2013) studied that growth in the organic food industry is primarily driven by enhanced people's awareness of chemical contamination and usage in the production of non-organic food products. However, Organic products are procured without using any chemical pesticides and fertilizers. Awareness of the ill effects of chemically produced food has deflected customers towards organic food usage. But, many factors like price, availability has ceased people expect health-conscious ones from purchasing an organic product. This research has…...
The Controversies of Organic Foods
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It is a very popular saying that “You are what you eat”. In today’s food markets, organic foods are everywhere. Not only are there organic fruits and vegetables, but there are also organic dairy products, organic meats, organic convenience foods, organic wine, beer, coffee, tea and even clothes made with organic cotton. All these choices have made organic foods the “fastest-growing segment of the grocery industry. Approximately two percent of the U.S. food supply is grown using organic methods. Organic…...
Organic Foods Motivations Factors for Consumers
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Consumer motivation is an internal state that encourages people to purchase goods or use services that fulfil their desires and needs. The satisfaction of those services can lead to repeating the same purchase even if is not needed at the moment (Consumer Behavior and Marketing Action; Henry Assael; 1992). Nowadays the general aim is to produce new food that can satisfy consumer needs or to be healthy and to fulfil the nutritional and ethical criteria (Bäckström, Pirttilä-Backman & Tuorila, 2002).…...
Increase in the Global Demand of Organic Food
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Abstract The western market has witnessed an increasing demand in organic food products through recent years. The Danish market is thought to be one of the most mature markets in the world & demand in organic food has been growing from over couple of decades. The main factor that urges the customer to buy organic food seems to be its health benefits. A brief stroll around the local supermarket reveals that edibles labelled as “Organic” or “Okologist” in Danish, demands…...
What is Organic Food, and is it Better Than Non-Organic?
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Why did I pick organic food? I pick organic foods because I always wanted to learn more about organic food. In the essay I have recovered information on history, why people like organic foods better than nonorganic, and where you can buy organic foods. I will determine the difference between organic and non-organic food. The organic movement began in the early 1900s in response to the shift towards synthetic nitrogen fertilizers and pesticides in the early days of industrial agriculture…...
The People’s Own Saving Bank (Posb) Business Level Strategies
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The business-level strategy is a combination of the ends (goals) for which the firm is striving and the means (policies) by which it is seeking to get there (Chiteli, 2013). Business-level strategies being employed by POSB focus on how to attain and satisfy customers by providing services and products that meet the customers’ needs, and increase operating profits. In order to attain this, the Bank’s business-level strategies focus on positioning itself against competitors and staying abreast of market trends and…...
What Are Supply and Demand Curves?
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Supply and demand are the basic and most essential concepts of economics. They provide the energy of a market in an economy. Demand is a word used to describe the number of goods or services needed by buyers in the market. It references to the quantity of a good or service individual consumers are willing and able to pay for at a certain price. The relationship between quantity and price is known as the demand relationship. Supply, however, refers to…...
Laws of Supply and Demand
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The market price of a good is determined by both the supply and demand for it. In the world, today supply and demand are perhaps one of the most fundamental principles that exist for economics and the backbone of a market economy. Supply is represented by how much the market can offer. The quantity supplied refers to the amount of a certain good that producers are willing to supply for a certain demand price. What determines this interconnection is how…...
How Does Price Elasticity Affect Supply?
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The interplay of demand and supply is one of the critical elements in microeconomics. Demand influences the supply of communities and their pricing. Different commodities have varied levels of demand which impacts their pricing. A unit change in demand influences a unit change in supply and output in pricing. Pricing of commodities is also influenced by other factors such as the cost of investment and level of competition. Textbooks' prices have developed much concern in economic theory. Nationally, textbook unit…...
The Role of Prices: The Forces of Supply and Demand
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Supply and Demand In microeconomics, according to (Wikipedia), Alfred Marshall defines supply and demand as an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for the good. In my own understanding, it is that kind of relationship between the supplier and the consumer. But in 1776, Adam Smith, known as the Father of economics popularized that supply and demand are really an economic theory. The principles…...
Political-Economic and Social Injustice
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Fraser assumes that “redistributive remedies for political-economic injustice always dedifferentiate social groups” and “recognition remedies for cultural-valuation injustice always enhances social group differentiation”.  South Africa is one of the first countries in the world to recognise gay and lesbian rights and arguably the broaden of the scope of these rights has been achieved through the aide of the National Coalition of Lesbian and Gay Rights(NCLGE), later replaced by the Equality Project but it has also in some ways failed to…...
Money Issues in the World of College Athletes
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There are dozens of ongoing controversial debates in the world of college athletics, mostly related to money issues. A debatable factor falling into this topic is whether or not college athletes should get money for their involvement.. The National Collegiate Athletic Association is an organization headed by members dedicated to college athletes well-being and lifelong success. The main purpose of the NCAA is to control competition fairly, and safely to integrate athletics into higher education. As of today, student athletes…...
What is Pay-for-Performance Compensation?
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1. Does money motivate employees? Why or why not? Most would think the answer to this would be a yes, money motivates employees. What else can be better than you being able to live comfortably and not have the stress of not being able to pay bills? It is safe to say money is the most common type of motivator that most companies have used to ensure that their employees become more productive. Even though it is presumably the most…...
The Potential Of Vegan-Organic Agriculture
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Introduction Vegan organic farming is an approach to growing plant foods that encompasses respect for animals, human health, and the environment. It is also known as “stock free” and “plant-based” farming. This is the system of farming that goes beyond organic farming by eliminating the use of animal droppings and slaughterhouses by-products.   Like organic farming, no form of chemical fertilizers, pesticides, herbicides is accepted. Genetically modified organisms (GMO) are also avoided. Vegan farming breaks the link between animal farming and…...
Audits: Materiality, Risks, and Internal Controls
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The audit process is a set of eight sections, including materiality, risks, and internal controls. Auditors determine with reasonable certainty that financial statements are free from material misstatements. The only way auditors can complete this task is by determining the level of misstatements during audit planning, starting with preliminary judgments, and ending at using materiality when evaluating the audit findings. Auditors must consider various risks associated with planning and completing an audit. Risks which could affect the completion of an…...
Identity Crisis Amongst the Youth
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What is an Identity Crisis? According to Erikson, an identity crisis is a time of intensive analysis and exploration of different ways of looking at oneself. Identity basically refers to how a person answers the question “Who am I?” S. Sharma and M. Sharma said “Identity is an umbrella term used throughout the social sciences to describe an individual’s comprehension of him or herself as a discrete, separate entity. The development of clear and positive identity or identities involves building…...
Moments Are More Valuable Than Money
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Time, most of us never seem to have enough, and we're spending plenty of time to earn money. That's why time is money, so the more time we have, the more money we can obtain. Let's look at it in another way. Is time the more valuable here, or we are wasting it to accumulate something less valuable? You can’t get the lost moments back There are numerous ways to earn more money. As it's not something we want to…...
It’s More Important to Be Happy Than to Be Rich
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Can Money set us free? Is economic wealth the perfect solution if one is looking for more freedom in life? Since the year one many people feel like that those who are economically richer than themselves (from now on for reasons of simplification: rich) can achieve everything, or at least much more compared to their own lives. Moreover, they seem to be free in every decision they make without any constraints such as having to choose between option A and…...
Does Money Bring True Happiness?
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Almost every person has asked themselves this question at least once. The answer to this question always varies when asked and can show what kind of person someone is and what they truly value most in life. Money is needed for almost everything like food, clothing, and a home. Out of the many things that money can buy, there are some things that it can’t buy, like happiness. According to oxford dictionary, the word “happy” is defined as “feeling or…...
A Conceptual Framework on Organizational Commitment and Compensation
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Abstract This research paper attempts to provide an exploration of the conceptual literature on the subject of Organizational Commitment. The relationship between human resources and organizational commitment plays a crucial role in the development of any organization. A primary objective of this research is to investigate theoretical perspectives in order to explain organizational commitment with particular reference to telecommunication sector. The paper suggests that organizations need to pay attention to the relationship that prevails in the organizational culture. Previous literature…...
Racial Equality in America
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Racial equality could depend upon government action, however, racial equality begins with the individuals. Throughout history, the American Government has done numerous thing, like creating laws to get rid of minorities. The American people are the ones that started the racial equality in the United States of America. The people of America organized movements, created organizations, and went against certain laws that made racial inequality. An example of the American Government getting rid of minorities and the people standing up…...
The Development of Agriculture
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The Neolithic Revolution was what moved humanity from a nomadic hunter-gatherer community to a settled agrarian one. During this period, these nomadic tribes would settle down for enough time to inspect and study the flora and fauna around them, gaining an understanding of how to grow and harvest the plants for food, and how to domesticate both plants and animals. With a mostly steady supply of food, communities would not have to focus most of their time hunting and scavenging…...
The Neolithic Revolution: The Development of Agriculture
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The Neolithic Revolution was a groundbreaking and historic event where humans transitioned from hunting and gathering to farming and agriculture and settling down into cities. They learned how to domesticate animals as well as rudimentary horticulture which was a huge stepping stone for humans at that time and a truly monumental moment that shaped human history. Although the Neolithic Revolution has been viewed as a very iconic and life-changing moment with a lot of positives it has also been viewed…...
The Price of Success: What it Actually Takes to Achieve a Goal
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Success requires sacrifice everyone goal in life is to be successful in some way to achieve this it will require sacrifice but worth it or not many people are willing to sacrifice for what they desire because it is a costly sacrifice now shall we begin. the wind was blowing leaves were falling and floating around. there was a slight chill on my neck. the sun was lowering down it was during autumn. I was outside I decided to head…...
Community Garden: Environment, Social and Economic Approach
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In the group presentation, we talked about how the community garden can positively impact the three pillars of sustainable development. The first half of the presentation were divided into 3 parts, environment, social, and economic approach. I took a part in explaining about social benefits of community garden and then introduced two men who does community garden, in their words, kitchen garden, as a case study. In this paper, I want to focus on the social aspects, how it is…...
College Athletes: What is Fair Compensation?
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College athletes devote much of their time and energy to their teams, and in return typically the teams often receive most of the money, so in return, student-athletes should be paid. College Athletics brings billions and billions of dollars toward the industry that attracts many more participants each year. As the years go by universities and athletes become much more competitive, which results in better performances and more revenue generation towards both the universities and athletics. Due to the nature…...
Economic Growth And The Environment
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The author enumerates the negative effects of economic growth on the social environment, the living environment, and the human spirit, and thinks that economic growth is a path to perdition, not prosperity. Actually, I don\'t agree with the author. Economic growth is a double-edged sword. There is a gradual process of awareness that in practice we are little aware of the problems of the past and improve the situation so that the technical and human conveniences that economic development brings…...
International Monetary And Financial System
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What is international finance International Finance could be a critical issue of international economics. It is primarily associated with issues raised from the financial interactions of a minimum of two nations. Foreign exchange of currencies, the world financial system, direct investment abroad, and other important topics related to international monetary management are examples of international finance issues. The importance of international finance stems from the fact that commercial activities of firms, governments, and organizations get suffering from the existence of…...
Sustainable Finance: Looking Farther
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Finance has a crucial role to play in tackling climate change. One way to do that is by committing in sustainable finance. Sustainable finance is any form of financial service which integrates environmental, social, and governance (ESG) criteria into business or investment decisions (Schoenmaker, 2017). Not only for climate change, sustainable finance also has an impact on future international business. There are three reasons why committing in sustainable finance can improve the future of international business. The first reason is…...
The Sources of Finance Available to a Business
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Describe the main sources of finance available to companies. Evaluate the advantages and disadvantages of raising finance via equity or via debt. The main sources of finance available to companies are as follows: Equity Capital – Equity Capital means that the part of the organizations capital, which is raised n exchange for the share of ownership n the company. These shares are called equity shares. Equity shareholders are the risk bearers of the company due to their fluctuating earnings. They…...
Islamic Banking and Finance
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Introduction This assessment is about Islamic finance. Islamic finance refers to a system that compliant on the application of Islamic law or Shariah which are the primary sources from the Qur’an and the sayings of the Prophet Muhammad. One of the elements contained in Islamic finance is microfinance. It is a new market in Islamic finance that can give help in financial to other people. Introduction to Islamic Finance Islamic finance refers to a system that compliant on the application…...
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FAQ about Economics

Technology in Agriculture: How Has Technology Changed Farming?

...Modern Farms and agricultural operations work far differently than those a few decades ago, primarily because of advancement in technology. According to Ramey (2012), technology played a big role in developing the agriculture industry.” Crops have ...

Why Trees Are So Important in Our New Smart Cities

...Eucalyptus spp. and Pinus spp. are part of the dominant tree species planted in Buhara sub-county, Kabale district. Although these tree species are planted in various spatial patterns in the area to meet the demand for soil erosion control, timber, f...

How Does the New Minimum Impact Youth Unemployment in South Africa

...Implementing the new minimum wage has the potential to create more jobs, instigate greater participation in the economy by the youth and curb the prospects of generational and chronic poverty. However, the increasing unemployment rates for the countr...

What Are the Pros and Cons of Raising the Minimum Wage?

...After playing the believing game, my thinking about the topic has changed. Although it is good to increase the minimum wage, it is also advisable to check the cons associated with increasing the minimum wage and weigh the cons versus the pros in orde...

What is Organic Food, and is it Better Than Non-Organic?

...While it might not seem like the first place to go, big chain stores, like Target, Costco and even Wal-Mart, offer a large variety of organic foods, especially in the packaged and frozen aisles. The produce selection isn’t huge, but some of the bas...

What Are Supply and Demand Curves?

...An example would be a cell phone manufacturing company that observes a huge demand for brand new cell phones in the market. As a result of this demand, the company has an incentive to invest in research in order to produce that phone (Mankiw, 2009). ...

How Does Price Elasticity Affect Supply?

...Dean, E., Elardo, J., Green, M., Wilson, B., & Berger, S. (2019). 16.4 The High Price of College Textbooks. Retrieved 16 October 2019, from https://openoregon.pressbooks.pub/socialprovisioning/chapter/y-4-the-high-price-of-college-textbooks...

What is Pay-for-Performance Compensation?

...Pay-for-performance has become more utilized as a means to increase productivity and decrease the costs in the public sector. In a government sector, you will find that pay is often based on grades and seniority where the civilian pay had been gradua...

The Price of Success: What it Actually Takes to Achieve a Goal

...During the races, I was called from the stadium coach told me the others opted out and Rayford was in the long jump. I was ecstatic I rushed to the locker room and changed as fast as I could and ran in line where I was chosen to run in the second to ...

College Athletes: What is Fair Compensation?

...However, once the season started up, he couldn’t work that job anymore. We were on the road all the time, even gone for two straight weeks at one point. The teachers let us do our work from the road, but the job wasn’t going to pay you just becau...
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