Economic efficiency

I see the value of specialization and efficiency that globalization brings. For example, when China can make forty tons of shoes per year and the US can make sixteen tons, it makes more sense for China to be making shoes, but especially when the US can make forty tons of silverware while China…

by considering factors which include political, economic, socio-cultural, technological, legal and environmental. 1. Political Factors: A footwear business will not be able to gain success, good reputation and trust if it will not consider legal and political sector…

AMITY LAW SCHOOL, DELHI ECONOMICS PSDA (RESEARCH PAPER) TOPIC- RISK IN LENDING BY: SAKSHI SABHARWAL ROLL NO- 09910303814…

become self-sufficient. Welfare economics concentrates on how the allocation of resources effects the economic well-being. The allocation of resources is most efficient when the product is consumed by the buyer who values the product the most highly, and when the goods are produced with the lowest costs. I believe that allocation of resources will be efficient, when an inelastic commodity is sold a cheaper rate for low income families. To make increase the efficiency of the allocation, I think…

Economy, whether it is doing it as its best or not, we cannot deny how important it is. “Economics, as Mr. B said in the lecture, cannot be understood apart from politics and vice versa”, so in order to understand how our economy works we have to learn the role our government has. In this essay I would like to examine the role of government in economy, contrasting the two terms from the balancing act: Efficiency and Equity. As a feedback it is important to mention that we have a mixed economy…

international sites and was the first to establish international franchising (Barney & Hesterly, 2015, pp. PC 3-54). The opening of the marketplace to foreign investment allowed McDonald’s to capitalize on the changes within China that were leading to economic growth and urbanization. Lessons learned during the expansion into Japan helped with the expansion into China. The increased buying power of the citizens provided broad appeal for investment into QSR; McDonald’s faced cultural and…

order is obviously a necessary condition for economic activity. According to Eberts (2002) , the essential question is whether, at the margin, an additional investment infrastructure contributes to economic growth. To policy makers, this Growth has several possible outcomes, including employment growth and income, improving the quality of life, environmental protection, or even, the sustainable development. This multidimensional approach to development Economic analysis requires infrastructure…

variables to identify the opportunities and risks of certain public strategies, because the changes in these factors can lead to a significant shift of industries, especially in the long term (Witcher and Chau, 2010). PESTEL sheds light political, economic, social, technological, environmental and legal factors set. 1. Political With the sale of cars in 17 countries from North America, Western Europe and Asia (Tesla 0.2014), Tesla Motors has to deal with the outstanding political patterns that…

Globalization allows for international free trade by increasing efficiency in the production and distribution of goods as well as increasing economic productivity and variety of goods. New scientific and technological advancements have made economic globalization possible in mainly developed countries. Overall, globalization has had a positive effect on free trade and economic prosperity for developed countries, and has had a negative effect on some developing nations. During mid-18th century,…

Should the federal minimum wage be increased? These questions have long been the subject of heated debate in the US expert community, but after the economic crisis of 2008-2009, they have acquired a special urgency. 
 Just ten years ago, the impact of globalization on employment and distribution of wealth in developed countries was rather low. The economic growth rate of 2.5% was considered quite acceptable, and, in most of these countries, employment opportunities for workers with different…