Economics terminology

Economies of scale can be defined as the benefits that a firm obtains from the large-scale production reduced cost and increased profit. Sunk cost refers to the startup costs that a firm incurs when entering the market. Moreover, my research will discuss the significant barriers to soft drink business entry in the United States, which are economies of scale and sunk costs. Additionally, it will also look at how these restrictions have affected the soft drink market in the United States.…

common element which is pulling down Pakistan from becoming a developed nation. Corruption remains a significant obstacle for Pakistan and particularly in the government and the lower level police officers. These greedy politicians are eating up the economic, social and moral parts of the country. It’s observed that if the head of the department is included in illegal affairs and does nothing without a part of bribe in whatever situation, then the whole department is corrupted. Most of the…

Flex Your Positive Thinking Muscles There have been many quotes written on the topic of positive thinking and even many more books written about this same subject. Yet everyday people fall into the rut of negative thinking. When someone asks if something can be done, what is your first thought? Do you immediately start brain storming of ways to make it happen or do you immediately say, “you can’t do that” or “that is impossible”. Some would argue that their experience tells them it is…

The 18th-century economic principle of laissez-faire, the idea that everything should take its own course without government interference, has been resurfacing as neoliberalism. Neoliberalism is a 20th-century movement of large-scale production to developing nations and the push for free global trade that is made possible by the greater global connectedness, a result of globalization. Open trade markets are beneficial to members of the upper-class western world who can purchase goods at lower…

essential means of raising rural incomes and improving food security. Economic growth is also necessary for poverty reduction, but the magnitude and speed by which growth can reduce poverty is strengthened and accelerated when income distribution is equitable, and when the poor can participate in the economic activities that experience expansion. For rapid poverty reduction it is not enough simply to focus on rapid aggregate economic growth; attention must also be given to removing the types of…

causes to the problem, by applying the “why” as suggested by Oakes (2009) at each stage until a common problem is identifying as the absence of a specific “Economic Development or Planning Act” similar to other countries and state such as the Mauritius Planning and Development Act, Singapore Planning Act and Economic Development Board Act, Texas Economic Development Act, Hawaii State Planning Act, and others that should mandated the existing role and functions of the Department of Strategic…

migrant workers and abuse within the labour force. Ultimately it is declared that “ activism must be firmly focused on addressing the challenge of social reproduction and how the invisibilisation of socially reproductive labour remains central to both economic development and authoritarian rule in South-East Asia” if any real, and positive change is to occur at…

There have been recent changes in our selling environment of our low-calorie frozen, microwavable food products. We had a perfectly competitive market recently, which our plan was to focus on an equilibrium price to produce the right amount of product at the right price to maximize profits among our competitors and because it was perfectly competitive there wasn’t much of a relationship between our prices and their prices. We have now recently determined that our selling environment has…

the 1980s last century, it has integrated countries together and made them more interdependent in terms of the economy and market. Most of the states now more or less have liberalised their economy with free trade, in order to achieve economic development and economic growth. For example, the most integrated free trade area now is the World Trade Organisation, which was established in 1995 and evolved from its predecessor General Agreement on Tariffs and Trade. (Ravenhill,…

TPP stands for the Trans-Pacific Partnership. This represents a trade agreement between countries regarding economic policies. This partnership can help bring new economic growth to the United States and to the Asia-Pacific region. There are currently twelve countries that make up the Trans-Pacific Partnership they are; Brunei, Chile, New Zealand, Singapore, United States, Australia, Peru, Vietnam, Malaysia, Mexico Canada, and Japan. I believe that the Trans-Pacific Partnership will influence…