Competition

main characteristics of other industrialized nations health care systems is a strong government involvement in regulating costs. Such federalization flies in the face of the American idea that our best interests are always served best by market competition. A single-payer system is not something U.S. citizens are ready to accept (Warner, 2008). There are several problems with the current market based approach, not the least of which is that the United States health care economy, while the most…

Giddy toddlers, stressed out parents, and a flock of 8,000 teenagers in suits. This was the scene when I traveled to Orlando for DECA’s International Competition. One afternoon my group of friends and I had about eight hours to spare. We decided to go to the magical world of Disney. However, traveling with four teenage boys with no sense of direction and the maturity level of a 5-year-old was anything but magical. As I was attempting to herd these boys like sheep to get to into the line to Space…

Paid Media v.s Owned Media With many things in life, you can earn your own way or pay your own way. Your marketing media channels are no different. Many will debate the advantages of Owned media vs. Paid media but the fact is that both are terrific ways of marketing your business, and each has its own place. Let's look at the differences and benefits of both. Simply put, Paid media is attention brought to your business, products or services directly through advertising that you paid for.…

1. Why are most construction companies small in size? Based on the explanation given in previous lectures of COSC 620 course. The size of construction companies is based on the theory of ‘Economies of Scale’. The concept of ‘Economies of Scale’ is originated from microeconomics, which states that there are more advantages for organizations/enterprises to run at a larger scale to minimize the impact of risk and spread out overheads/cost overruns. For example a smaller company handling less…

“Monsanto’s Harvest of fear” Analysis Monopolizing on a certain product is a business practice that has been used for decades. While this practice is extremely beneficial to those who succeed in doing it, it is simultaneously harmful to every other business owner, usually smaller franchises, in the same line of work. While the one large business continues to profit, the smaller business owners usually go out of business or, if they’re lucky, loses an extremely large percentage of their sales.…

The neoclassical economic approach assumes that working time is perceived in terms of time allocation and related choices taken by a rational actor with regards to the consumption of time. Thereby, time is considered as a scarce resource, as a day is limited to 24 hours and therefore the main aim of the rational actors is to achieve a maximization of personal time utility (Sirianny & Negrey, 2000). This implies that the actors act in order to achieve their individual preferences and this…

In this paper, Stephen Krasner expands on neoliberal institutionalism views towards global economics. Krasner defines two controlling variables for an economic system – state preferences and system structures. State preferences include aggregate income, social stability, political power, and economic growth. All four of these portions of state preferences relate the openness of a state to the respective aspect. For my argument, I will focus mostly on aggregate income and how it benefits the…

Solyndra, A U.S. Solar Panel Manufacturer Solyndra was the first manufacturer to receive a guaranteed loan from the government under the Energy Policy Act of 2005, and was endorsed as a model manufacturer for the clean energy economy. In this essay we will look at a brief history of Solyndra, their unethical behavior, ethical framework, and the laws that pertain to this company. It is always an unfortunate situation when a large company, such as Solyndra, is viewed as becoming very successful…

The advanced pricing technique that would be most appropriate for a Sam’s Club or Costco would be second degree price discrimination. Second degree price discrimination is defined by Thomas and Maurice (2010, p. 583) as, “When a firm offers lower prices for larger quantities and lets buyers self-select the price they pay by choosing how much to buy.” Therefore, when the same consumer buys more than one unit of a good or service at a time the marginal value placed on consuming additional units…

Annotated Bibliography Bush, Joel. "Student or Professional Athlete - Tax Implications in the United States If College Athletes Were to Be Classified as Paid Employees." Labor Law Journal, vol. 68, no. 1, Spring2017, pp. 58-63. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=buh&AN=121769969&site=ehost-live. This is an article from the Labor Law Journal. The author of this article is an assistant professor at Lucas College and Graduate School of Business. He graduated from San Jose…