Regulatory economics

an attempt to keep prices low and attractive consumers. This is known as economic efficiency which is a firm’s attempt to fulfill as many of society’s needs using the fewest amount of resources as possible(patterson,2013,p. 385). The economy of the United States(US) is based primarily upon the decisions made by free-market business owners everywhere that affect…

Interdependence on the global arena: economic predominance or negligence? It is also difficult to analyse the conflicting relations between state and market without discussing the international scene. As Underhill (2001) suggests, “there is an intimate connection between the domestic and international level of analysis”. After all, changes in the international economic scenario will most likely affect the economic situation and the balance within a country. If it does not change, it is probably…

Milton Friedman was a world-famous economist, statistician, and public policy analysis. He was perhaps the most prominent economist of the 20th century and was awarded the Nobel Prize in Economics in 1976 (nobelprize.org). He was also awarded the Presidential Medal of Freedom by President Reagan in 1988 (reaganlibrary.gov). Mr. Friedman firmly believed in the free enterprise system. He stood by the notion that an atmosphere of competition and the rewards of individual success, are, and…

rights: new dimension of copyright laws INTRODUCTION Performer’s rights with respect to cinematographic films have always been an area of dispute, this is because the producer is considered as the owner of such work and he can exploit the work for his economic advantage. A cinematographic film consists of a different rights associated to it and producer is considered as the holder of the bundle of rights only because he takes the initiative, like in a company’s case a promoter. There is no copy…

stock markets to quickly plummet. Here in the United States, the government had to step in and bail out several industries with the taxpayers’ money. This infuriated millions of people, because some of these industries exploited them. That is why an economic control by the government here in the United States should happen, so another crisis can be prevented before it affects the people, the industries, and our economy.…

person receive the same basic rights and unobstructed access to economic and political resources, not mediated by gender, ethnicity, level of education, economic status, or other demographic characteristics (Jimenez, 2010). China and the United States vary a great deal in culture and values. For example, collectivist China versus individualist United States, humility over self-promotion, heirachy versus authority, etc. Although, economic systems are different, the ultimate…

In the interview “Can China’s Model of State-Led Economic Development Pick Life Science Winners?” by Claire Topal, Dr. Joseph Wong discusses the potential positive and negative elements of Chinas state-led economic development model through the progression of the domestic life sciences sector. To illustrate Wong 's analysis on China 's economic development it is imperative that the differences between state-led and market led development approaches are defined. According the textbook Comparative…

services to final international consumers for their personal consumption (Dicken, 2011). At the present time, the massive global economic growth and the change of the competitive market environment drive the retail foreign direct investment become one of the most important parts of the international economic activity in the world. This essay attempts to discuss the GDP and economic dynamic result financial crisis, also the government political such as capitalism, regulation and gendered economy…

Executive Summary The study was conducted with a view to understand the perception of channel partners towards Yamaha Motors India Ltd. Today the two wheeler industry in India has reached new heights. So, understanding the two wheeler market with such intense competition between the dealerships has become a major problem. As years pass, two wheeler industry will become more competitive which will ultimately effect the survival of dealerships in the market. Failure to understand the actual goals…

protection of competition (“Germany economic”, 2013, para. 8). And “the term social” emphasizes the desire for an economic system that not only supports the rich, but also supports the rest of society through redistribution (“Germany economic”, 2013, para. 9). “The term ‘social’ was chosen [by the Germans] rather than ‘socialist’ to distinguish their system from those in which the state claimed the right to direct the economy or to intervene in it” (“Germany economic”, 2013, para. 9).…