Non-market economics

regard to its political corruption and military weakness. As a result, it was always being called “Weak Song”. However, in economics perspective, Song dynasty instead was super strong and unprecedentedly prosperous. The revolutionary breakthrough in economy in terms of social productivity, great inventions and international trade pushed Song dynasty on the throne of the economic center of the world at that time. The increase of social productivity laid the foundation for society transformation.…

economy as modern liberalism aids liberty. For instance, without modern liberalism we would not be able to understand that “the government must protect individuals from the inequities of modern society and correct the injustices and failures of “free-market” capitalism including environmental degradation.” Liberals believe that the government plays the role of protecting those rights and disaster from occurring. On the other hand, modern conservatives “emphasize individual property rights and…

the previous five outcomes were all Heads. Under the gambler’s fallacy, the person would think that the next outcome is most likely to be Tails and would then bet for Tails. The gambler’s fallacy is the false belief in “negative autocorrelation of a non-autocorrelated random sequence of outcomes” (Sundali & Croson, 2006). In simpler words, it is the tendency to perceive an outcome as less likely to occur if it occurred more frequently than normal previously. The most famous case of gambler’s…

Many companies have been struggling with ways to identify, develop and retain talent for many years. Issues of succession should be on top of the list of CEMEX plans since companies are facing higher demands in the global market with retirements of baby boomers and widening of the talent gap. CEMEX may have been relying on the home-grown and paper-based succession plans, which no longer have the capabilities of meeting the workforce demands of today. CEMEX needs to upgrade…

I commend your efforts for considering the issue of vendor traffic in Yosemite. While many will argue that vendors and traffic contribute to the enjoyment and beauty of Yosemite national park, I encourage you to take a strong stance about the curtailing of vendors and traffic and vendors for two reasons. The first is that vendors and traffic obstruct appreciation and enjoyment of countless activities. Secondly, vendors and traffic are responsible for the endangerment of such national parks that…

price on the prices of other firms. The monopolistic competitive market has the following characteristics: 1. There are many producers on the market and many consumers, no business can fully control the market price. 2. Consumers perceive non-price differences between competitors' products. 3. Obstacles to access are few. 4. Producers have a degree of control over prices. The long-term characteristics of a monopolistic competitive market are almost identical to those…

made at regular predetermined intervals. Therefore, a bond is simply a loan, where the issuer is the debtor and the holder is the lender, while the coupon (if exists) is the interest. The loan is alleging from the issuer of the bond through capital markets, rather than through bank intermediation. Bond Features: à Face Value: Is the initial security amount that the issuer promises to repay at maturity of the bond. à Price: The…

Background Story I grew up in a city roughly halfway between Seattle and Tacoma where much of the population is toward the low socioeconomic standing. Spending grades K-12 in the public school district that was not the worst, but certainly not the best. Learning has always come naturally, so I was never pressured to give my education much (if any) thought until the summer before starting my sophomore year of high school. The next few years were the most agonizing and the influential of my…

House Farm to achieve their overall aim, as the animal can thrive in any condition which allow them to make a year round profit. Furthermore it does make it easier to market as there are unique from other businesses. This means that the luxuriousness…

to participate in a market. According to the ITU, a well-designed framework for authorization creates a foundation for a healthy, competitive information and communication technology sector. The main difference between the perceptions of licensing and authorization is that a licensing-based approach retains the state’s diplomacy to approve any particular request to provide a service while an authorization-based approach permits any prospective participant to enter the market, provided that it…