Behavioral economics

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    (Syed, 2009), in case of Islamic finance system, the system is more stable as there is inherent in the matching of assets and liabilities. As we can see the arrangement of assets and liabilities are matched through profit sharing. The liabilities of economic units are fully repaid with an underlying income. The payments of the banks and financial institutions are in the form of dividend which has to be…

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    strategy will focus on low-end, traditional, and high-end segments, offering customers differentiated products with appealling prices. Based on our objectives, our company will allocate our resources to create a competitive advantage through building economic of scale and encouraging innovations. Description of the Targed Markets Traditional Market: The market is the second biggest market with a share of 32.4% in round zero.…

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    Price Specie Flow Model

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    According to Joseph Stieglitz, the United States government should offer free high school education from money collected from general tax covers that will cost $300 billion. To begin with, in the past education was free for public colleges and this is because of the Morrill Act of 1862. At the time the number students who could go to colleges and universities without paying tuition was relatively small. However, as years went by the number of students attending public colleges increased the…

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    Throughout history capitalists have tended to focus on the short term gains rather than how their actions will effect them, as well as others, over the long term, and when it comes to the environment it is no different. The valorization of capital both relies on and affects the environment in a countless number of ways. It relies on the environment through the externalization of environmental costs of production, while at the same time it effects the environment by depleting natural resources…

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    Why Bribery Is Bad

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    Bribery is operationally defined as “the offering, giving, receiving or soliciting of something of value for the purpose of influencing the action of an official in the discharge of his or her public or legal duties” (Lehman & Phelps, 2008). The practice of bribing generally stems from individuals who are ready to use illegitimate channels to capitalize on personal or corporate profit. However, there could be several other mitigating factors that drive people to partake in the act of bribery,…

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    Job Loss

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    one will not be eligible for financial aid. Alternatively, the amount of money would not be a sufficient amount for day to day living. “The Great Stock Market Crash” was the largest economic depression in history. During…

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    Corporate Insider

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    anti-rent-seeking policy’s and pro-investor rights or corporate governance. In turn, countries are more likely to adapt insider trading laws to protect investors as international competitiveness goes up, while the motivation for becoming competitive rises as economic performance rises. The first hypothesis for these underlying causes is that in a majoritarian system are more likely to pass and enforce investor protection laws. This theory relies on the voter share of the incumbency being…

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    Oligopoly Case Study

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    In the article ‘Boulder-based company to pay for retaliation”, written by Erica Tinsley from 9 News, tells of how an employee was terminated for questioning the safety of some of the equipment in the location. This was a violation of the employee’s labor rights and Occupational Safety and Health Administration (OSHA) was there to help the employee. The company was to pay $125,000 to their former employee because of their violation of the Consumer Product Safety Improvement Act. When reading this…

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    There are plenty of topics in politics. However, there is one topic that is the most vital. Economically, it affects everyone 's lifestyle. Minimum wage is one of the most important subtopics in economics. It is also one of the hardest topics to judge. Whether to raise the minimum wage or not is always questioned. Raising the minimum wage is beneficial for decreasing the gap between the rich and the poor, and increasing the consumers purchasing power. However, there are also consequences when it…

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    region of the world they settle in, even in the impoverished ones. The cultural argument also explains successfully how two countries, South Korea and Ghana, who had similar economies and comparable levels of GNP, ended up in completely different economic positions in a matter of thirty years. As Harrison and Huntington explained, South Korea became one of the largest economies in the world in part because of its emphasis on education, hard work, thrift, organization and discipline. The people…

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