Economics terminology

into question: ‘the economic logic of liberalism is one of openness, but the political and legal logic is one of closure’ which results in a liberal paradox (Hollifield, 2004: 888). Migration and trade are fundamentally linked. Yet, migrants are more difficult to regulate than goods – they entail political risk (Hollifield, 2004). Migrants become a political interest group, as despite contestation, highly skilled migrants are accepted on the premise they will yield positive economic impacts for…

host economy to take advantage of the potential spillover effects of FDI. This suggests an inevitable roles institutions or intermediaries play to lure foreign capital flows and for that matter economic growth as Shaw (1973) recognized the importance of institutions in enhancing capital accumulation and economic growth. Taking cues from Alfaro, et al (2004) and Shaw’s (1973) emphasis on the role of institutions in the growth literature, the general assertion remains that, in the current…

India, being the second most populated country in the world, at 1.295 Billion, has enormous potential within the world economic stage. While India and China share similarities such as population and region, their economies are vastly differing beasts. As of 2014 both India and China have an expected GDP growth of 7 percent, China’s economy is roughly five times the size in value. However, when adjusting for the the purchasing power parity, China still have two and a half times the GDP of India.…

According to the books context, it covers some of the real issues affecting common people. The rural black residents are isolated especially in the coastal region of Georgia. They sustain low-quality life in the region whereby they lack some of the basics of the municipal services. The content of the book indicates that these group of people do not access to employment after a long establishment of the civil rights movement over a decade. The group of the resident seems to lack education, making…

First is economic inquire. This outcome requires students to gain the ability to analyse and utilize economic information to demonstrate their comprehension of economic events, issues and decisions with proper economic terms, concepts and models (SCSA, 2014). The second outcome is the operation of the economy. After learning economics, students will establish an understanding of the main elements that influence the disciplines the economy performs and the effects of economic preferences (SCSA…

There are many examples where IT and business meets and makes wonders such as self-checkout, Informational menu and computers with multichannel to guide what is in sale, price and many options, all the information are just one click away and all things at your fingertips. Sometimes shortcomings are depended on employees. For instance, in Hefty’s Hardware most of high level duties and errands are assigned to the junior level employees. In addition to, because of reconstruction of the company…

Dear Prime Minister, As you know, the UK is not in its finest economic state. I am writing to give you a possible way out: legalise cannabis. Right now you are probably fighting against this idea instinctively, but I would like you, just until the end of my letter, to keep a completely open mind (it can not do any harm). Cannabis, hemp, marijuana, whatever you want to call it, is the most widely used illegal drug in the UK. Alcohol and tobacco are also popular, widely consumed drugs.…

The company was founded the company in 1994 and launched on the Internet in 1995 as an online bookstore. The business is built around two values, frugality and customer service. Amazon has been ranked number one in customer satisfaction and service. A key to Amazon’s success was the decision to forego early profits to secure market share. As a result, Amazon is one of the most recognizable online retailers. Amazon’s shipping costs are relatively high in comparison to other online retailers.…

Multinational corporations need to adapt to different cultures in order to avoid costly mistakes and misunderstandings. The potential for these misconceptions increases when managers interact with foreign partners or clients who may have different values and beliefs. Having a good understanding of these differences allows companies to better adapt to these different cultures and can lead to a more successful global business practice. Cultural misunderstandings can occur not only when a…

As we are dealing and focusing on retail businesses, understanding this ratio is paramount to the industry, as this is the heart of the business. The inventory turnover is calculated by taking the cost of goods sold divided by the average inventory for the year. This ratio measures the efficiency of a company's inventory management and should be compared against industry averages. A low turnover implies poor sales and therefore, excess inventory. A high ratio implies either strong sales or…