Economic efficiency

Fiscal policy, tax cuts, and spending increases are a few to list. Fiscal policy directly correlates with profitable income and government consumption. This can be expressed in an endogenous model that shows the long-term effect fiscal policy has on economic growth. To further explain endogenous, the graphs are expressed in a situation where financial markets are perfect. In other words, these models express the effect of fiscal policy on income tax, consumption tax, and government consumption…

evolutionary development of human institutions (social and economic) that forms society, such as how citizens earn their livelihoods, wherein technology and the industrial arts are the creative forces of economic production. The production of goods and services was not intended to merely reach the material needs of society, but to earn profits for the owners of this production. The industrial production system required diligence and efficiency of workers, whereas the owners were concerned about…

Latin America John Sinclair outlines the various ethnic, economic, geographical, and industrial-commercial factors that, in conjunction, have led to Miami’s status as the “The Hollywood of Latin America”. The primary ethnic factors are the city’s strong Latin influence, bilingual character, and cultural pluralism, established largely by heavy migration from the Spanish Caribbean, making it attractive to Spanish speaking audience. Economic factors include, Miami’s status as a major port for Latin…

Second, the internal business perspective indicates the efficiency of cycle time, quality, employee skills and productive in companies. Third, the innovation and learning perspective is about the innovation of products, technologies and manufacturing, and the improvement in customer satisfaction and internal business processes within companies. Fourth, the financial perspective shows cash flow, which helps to analyze companies through economic aspect (Kaplan & Norton, p.73-79). I think the…

Dr. Larsen Principles of Economics 12 November 2017 Boredom and its Consequences The Freakonomics podcast, “Am I Boring?,” discusses an important topic that not only affects individuals but also affects companies and the economy as a whole. Boredom, is a relatively new topic and there is not wealth of information on the subject. It was not until the time around the First World War that boredom was starting to be studied (Dubner, 2015). It all started when people in Britain began studying the…

SWOT/STEEPLE Analysis of the Raiffeisen bank Friedrich Wilhelm Raiffeisen was the founder of the Raiffeisen Bank in 1862.During the time of economic time need in Germany he founded the first bank in Anhausen, Germany and accomplished the base of the striving need for further improvement of business banking. Since then the bank has branched out into various part of the world, especially Europe. Some of the strengths of the Raiffeisen bank in Serbia are the brand recognition as a stable and…

systems. Each government might have their own regulatory and legal systems in the same area. In Australia, for instance, there are eight different occupational health and safety regulation. Federalism also leads to unfair competition. In terms of economic activity, to attract investor away from other states, governments might offer substantial financial incentives that in fact have a negative impact for business environment. The investor, especially international investors, might confuse with…

Externalitiy is a very common economic phenomena existing in the current market, and it is also one of the main reasons leading to market inefficiency as well as policy inefficiency. Despite the history of this concept was not so long among other economic theory, it instead plays an very important role in the economy, especially in the field of environmental economy. It is worthwhile to say that internalization of externalities has been discussed by people many years and it is of significance to…

article discusses about the economic crisis and the challenges that will face the HR in the Middle East. Also, the article pointed out that oil prices lead to organizational restructuring in some organizations. Moreover, the economic crisis led some companies to promote many offers of their products that can enable them to compete in the market and improve company morale. Furthermore, the decline in oil prices lead to create and focus on human capital. Also, the economic crisis has opened the…

would be offering that particular feature in its cars. An organization may adopt a product differentiation strategy as a way to compete in its particular market. Product differentiation creates a trade-off between consumer choice and productive efficiency. The stronger the product differentiation, the greater is the excess capacity and, therefore, the greater is the productive inefficiency. But the greater the product differentiation, the more likely it is that the firms will satisfy the great…