Economic efficiency

Executive Summary The study was conducted with a view to understand the perception of channel partners towards Yamaha Motors India Ltd. Today the two wheeler industry in India has reached new heights. So, understanding the two wheeler market with such intense competition between the dealerships has become a major problem. As years pass, two wheeler industry will become more competitive which will ultimately effect the survival of dealerships in the market. Failure to understand the actual goals…

Cuba has undergone extreme political, economic and cultural change since 1953 and is an extraordinary anomaly of communist rule, surviving in a capitalistic world. The Cuban Revolution of 1959, led by Fidel Castro and his 26th of July movement, saw the overthrow of the then Cuban President, Fulgenico Batista. Since the revolt, Castro governed a communist-socialist state and the country has experienced many political, societal and economic difficulties despite having one of the best education and…

Economic globalization has been occurring since mass transportation was engineered. However, it has grown significantly in the modern era due to an increase in technological capabilities. People who once were only able to trade after a long oceanic voyage can now access the internet and purchase goods from across in an instant. This increase in economic interconnectedness has had far-reaching implications for the world. Economic globalization has had a positive impact on the world, as nations…

Improving a country’s standard of living aims to increase the degree of wealth and comfort that a group of people in a certain geographic area experience by promoting economic growth. The standard of living takes into account many factors, some being; income gap, unemployment rate, poverty level, inflation rate, and gross domestic product. Gross domestic product or GDP is the sum of a country’s consumption, investment, government spending, and net exports. The most common measurement of a…

Since 1960 many economists (from Grazia Ietto-Gillies [3] prior Stephen Hymer’s [4]) have created theories regarding direct investment, which explained the causes of FDI and reasons for TNC by neoclassical economics based on macro economic principles. These theories were based on the classical theory of trade. In this theory the motive for trade was a result of the difference in the costs of production of goods between two countries. The main motive for a company’s foreign activity in these…

most famous and influential economists of all time. They both understood the fundamental economic insight that the key to economic prosperity is to keep money circulating. However, they are mainly thought of as being on opposing sides of most economic philosophies. It is essential to first analyze each economist for their own theories and practices. Then, to contrast the two in order to fully grasp their economic philosophies and to portray why their ideas are still considered important and…

advantage from Michael E Porter that said competitive advantage is economic situation that make a firm become more superior than its competitors in term of various perspective such as superior market position, skills, resources and many more. This theory also address some of criticism of other theory of international business which is comparative advantage. As mention in subtopic 1, comparative advantage theory is concept in economics that a country should specialize in producing and export…

produces, rice prices are a main part of national welfare to both producers and consumers. Owing to India’s greater use of export tariffs vs. export restrictions and its monopoly power in the production of rice limited the full effect of price decrease. Economic welfare has been lowered by trade. Producers were forced to sell in the domestic market which benefitted by the consumer. Expected trade policies will improve national welfare as India’s monopoly power of…

Homo economicus or the economic man can be referred to the concept of many theories of economics. It portrays human beings as self-interested and rational agents, who pursue optimally the subjectively defined ends. Homo economicus maximizes the utility as the customer and profitability as the producer. The whole theory is compared to the different concepts of economic behavior, cognitive biases as well as homo reciprocans. In the game theory, the homo economicus is related and associated with…

Indronil Mukherjee ECO 101 Economic and Political Views are Forever Intertwined In the crazy, complicated world on economics, we often need to hear the opinions of others more experienced in the field to reach a better understanding of current economic happenings. The people whose jobs is to make sense of the economy are economists. An economist is someone who is essentially an expert in the field of economics. Throughout history, there have been various…