Non-market economics

in power has management over that, laws are implemented, that social establishments are contributory to maintaining its own rule and that economic functions the colonized state should perform, dependency is thereby forced onto that colonized country. This method, in effect, removes the later country’s autonomy and was one amongst the first functions of market economy within the nineteenth…

A defining feature of this century has been the rise of the globalization phenomenon. By definition, globalization is the increased integration of nations in various aspects including economic, cultural, and political. This phenomenon has been more pronounced in the 21st century and it has had significant effects on all countries. The United States is one country that has strongly felt the effects of globalization. One aspect of globalization that the US has experienced more than any other is…

for the most part cannot be solved through a narrow economic focus. Instead, intellectuals on the subject unanimously agree on the use of broad strategies that can comprehensively tackle the wealth gap dilemma. What this means is that to overcome…

listed entity in the United Kingdom, a leading player in the Indian oil and gas industry. The deal was structured to include a non-compete fee into the price of the shares of the promoters of Cairn India. One of the advantages on Cairn-Vedanta deal having been finalized prior to the Revised Takeover Regulations coming into force that the parties were able to retain the non-compete fee component incorporated into price of the promoter’s…

positive growth due to the balance of trade items. The GDP of the country has increased by 0.8% in 2016 which is more than the estimated 0.5% rise. The fundamental reason for the increase is due to the rising demand for products and services in the market and the increased of home spending by the citizens. The level of investment in the country reduced in 2016 compared to other years. This can be attributed to the expected election in the country since investors tend to shy away during the…

characterized by high debts and slow economic growth. TSB bank’s main competitors are the five leading banks in New Zealand that include ASB Bank, Kiwibank, ANZ New Zealand, Westpac and BNZ. There is also competition from small financial institutions. TSB bank New Zealand operates in a monopolistic competition whereby…

Labor migration, as an important fact of economic and social life, could not stay behind attention of scientists and researchers. One of the first serious theoretical foundations of the labor movement should recall to the Neoclassical theory of migration. The basis of this concept, the formation at the forefront of international differences in wage levels. The founder of the theory is J. Hicks and his work "Theory of wages"[4]. He's one of the first scientists who has considered migration as a…

Relevant quantity and quality of housing are crucial for economic well-being, growth, and social welfare. However, for decades’ supply has fallen short of the level needed to match demand and has been irresponsive to increases in prices. In the UK a significant shortage of housing explains why house prices have risen much faster than inflation and earnings. Housing construction involves more stages than most of other products. New homes building depends on land acquisition, planning and…

trade and markets, increasingly interconnecting more and more countries through the creation of regional treaties. In January 1994, Mexico, the United States and Canada signed the North America Free Trade Agreement (NAFTA) with the intention of establishing an intraregional trade-flow, creating social, political and economic opportunities for signatory countries (NAFTA). However, over the years NAFTAs signatory countries have demonstrated to be impacted differently due to differences of economic…

Mercantilism is a series of economic policies and practices that “sought to strengthen one state economically and politically, to the disadvantage of others” which involved the utilisation of the interventionist role of the state in the economy and foreign trade that when executed properly, greatly enhanced a ruler’s ability to wage war. Mercantilist policies maintain that a ruler’s goal is to increase the state wealth; state wealth which is equivalent to the stock of precious metal and is a…