Economic restructuring

strategy will focus on low-end, traditional, and high-end segments, offering customers differentiated products with appealling prices. Based on our objectives, our company will allocate our resources to create a competitive advantage through building economic of scale and encouraging innovations. Description of the Targed Markets Traditional Market: The market is the second biggest market with a share of 32.4% in round zero.…

According to Joseph Stieglitz, the United States government should offer free high school education from money collected from general tax covers that will cost $300 billion. To begin with, in the past education was free for public colleges and this is because of the Morrill Act of 1862. At the time the number students who could go to colleges and universities without paying tuition was relatively small. However, as years went by the number of students attending public colleges increased the…

Bribery is operationally defined as “the offering, giving, receiving or soliciting of something of value for the purpose of influencing the action of an official in the discharge of his or her public or legal duties” (Lehman & Phelps, 2008). The practice of bribing generally stems from individuals who are ready to use illegitimate channels to capitalize on personal or corporate profit. However, there could be several other mitigating factors that drive people to partake in the act of bribery,…

one will not be eligible for financial aid. Alternatively, the amount of money would not be a sufficient amount for day to day living. “The Great Stock Market Crash” was the largest economic depression in history. During…

anti-rent-seeking policy’s and pro-investor rights or corporate governance. In turn, countries are more likely to adapt insider trading laws to protect investors as international competitiveness goes up, while the motivation for becoming competitive rises as economic performance rises. The first hypothesis for these underlying causes is that in a majoritarian system are more likely to pass and enforce investor protection laws. This theory relies on the voter share of the incumbency being…

In the article ‘Boulder-based company to pay for retaliation”, written by Erica Tinsley from 9 News, tells of how an employee was terminated for questioning the safety of some of the equipment in the location. This was a violation of the employee’s labor rights and Occupational Safety and Health Administration (OSHA) was there to help the employee. The company was to pay $125,000 to their former employee because of their violation of the Consumer Product Safety Improvement Act. When reading this…

There are plenty of topics in politics. However, there is one topic that is the most vital. Economically, it affects everyone 's lifestyle. Minimum wage is one of the most important subtopics in economics. It is also one of the hardest topics to judge. Whether to raise the minimum wage or not is always questioned. Raising the minimum wage is beneficial for decreasing the gap between the rich and the poor, and increasing the consumers purchasing power. However, there are also consequences when it…

region of the world they settle in, even in the impoverished ones. The cultural argument also explains successfully how two countries, South Korea and Ghana, who had similar economies and comparable levels of GNP, ended up in completely different economic positions in a matter of thirty years. As Harrison and Huntington explained, South Korea became one of the largest economies in the world in part because of its emphasis on education, hard work, thrift, organization and discipline. The people…

INTRODUCTION Economics is a behavioral science, after all, it has everything to do with the behavior of man and the choices he makes. A human individual reasons in an ambitious way searching for pleasure and happiness. This results in a person with an unlimited quantity of needs regardless of his/her scarce resources. Let me introduce the economic man and his decision making process. ECONOMIC MAN According to Investopedia, the term “Economic Man” was developed to portrait a hypothetical…

India, is a developing country, that is strongly built through its exports, has a constant rate of economic growth per year, and the country that was least affected by the global financial crisis, out of the three. When looking at 2008 to 2010, even though this was when the crisis transpired, India was still able to have a GDP growth rate over 2%. This did not mean that India was able to avoid the financial crisis, but rather dampen the effects of it, relative to the United States of America. In…