Economic order quantity

As the economic advisor of Lisavia one of my main focus will be making sure that not just the president of Lisavia but especially the population of this country understand the factors that influence the desired increase in their standard of living. In order to increase their standard of living I will have to advise them as to which policies should be implement in order to rise productivity levels, income and with it be finally able to achieve their goals. However before submerging ourselves in…

Korea. In fact, Singapore’s total fertility placed third lowest in these 5 Southeast Asian Countries (Wong 2012). Such a phenomenon has been a cause for widespread concern due to the host of societal problems it could potentially create such as slow economic growth and ageing population. A low fertility rate reflects how Singaporeans are not willing have more children and it is important to delve deeper into the reasons as to why this is so. While there has been many pro-family policies…

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…

Supply shock refers to a sudden, unexpected event that changes the supply of a product, commodity or service. This results in a sudden change in its price and either increases or diminishes its supply. Contemporary economic theory explains that a supply shock creates a material shift in the aggregate supply curve and thus forces prices to find a new balance. Supply shock can be positive where there is an increased supply or negative when supply is decreased. Its effects can be either long…

1. Introduction Many scholars and observers have dubbed the economic growth in China over the past three decades as phenomenal. This growth is virtually synonymous with the Economic Reform that started in the late 1970s. The word reform is defined as a transformation or improvement. The Chinese Economic Reform refers to a number of economic changes known as “Socialism with Chinese Characteristics” in the People’s Republic of China (PRC), led by the Communist Party of China (CPC) under the…

Economic growth relates to the increased output within an economy. It can come from rural to industrial shifts, invention, innovation and technological progress; it requires savings and investment, along with a well-implemented policy framework and can be measured through the economies GDP. Haggard, (2004) suggested economic growth can result from productive inputs, capital and labour or from greater efficiency in their use. It can lead to economic development, which Michael Todaro (2011)…

compared to others on an international ground. Therefore the main objective of conducting international business is to construct and sustain competitiveness for economic value creation, equally in local and foreign market Porter’s diamond model says that a country competitiveness relies upon its size and ability of its industries in order to innovate and improve. Nevertheless this depends on the level of efficiency in the production…

1.3 The impact of macroeconomic releases on exchange rates Economic releases have an important role in the foreign exchange markets. Indeed, macro announcements produce effects on both returns and volatility. Neely and Dey (2010) show that researchers have long studied the reaction of foreign exchange returns to macroeconomic announcements and by doing so, they are now able to infer how markets react to news and how order flow helps impound public and private information into prices. Also,…

there will be insecurity amongst employees because no one will know if they will get fired tomorrow. In order to keep their job, they may have to compete against other employees. On the other hand, having fewer employees may suffer stress from excess work or they may not do a good job because of the large…

Manufacturers face different issues that affect their productions and supply. Manufacturers face issues such as global market forces, risks, development chain, supply chain and strategies. How are manufacturers able to go through all these issues and still keep up their place? The first issue is global market forces. One of the main global forces that manufacturers have to consider is sustainability and the environment. Many people are now environmental conscience by living sustainable lives.…