Regulatory economics

Price elasticity refers to the change in the amount of a product demand due to change in its price. In other words, how much in quantity demand will change due to a single unit change in price. The Supervisors of microwavable food company should make the clients feel like they cannot live without their food, in case the supervisors are planning on increasing the prices for their products. This is because the company is operating in a very competitive market meaning that a slight increase in the…

in 2017, has eroded the investment income of insurers in the market in recent years. In fact, in 2016, the annual real net investment return of life and non-life insurers was estimated only at 2.2% and 0.8%, respectively. Moreover, the prevailing economic uncertainty related to the performance of the US economy over the coming years is going to preserve this low interest rate environment, thus insurers will either have to look for higher investment yields that are more risky, or more likely they…

The late 16th and 17th century experienced one of the most rapid spikes in not only population, but economic growth. In Economics, trade is king and global trade became a major aspect in the 17th century. There is little micro history on trade in terms of port cities. As a collective group we view port cities in terms of a trading epicenter, yet socially why did some port cities hinder at acquiring certain items more than others. These port cities formed one of the biggest foundations for major…

the carpet as it was done in the years preceding 2008. Lewis who is the author of The Big Short, The Blind Side and Moneyball writes the stories of these economic woes in a way that resonates with the realities in America. There are a few points that drive home the essence of the crisis and they will be highlighted in relation to the economic contexts in today’s world. It is evident that the country of Greece destroyed its banks! The raging debate about the bailout package for Greece among…

c. Company size: As smaller companies have limited resources to expand, they usually have limited market serving options. Porter (1990) says that the size of the company poses a huge limitation to the performance of the company. A large firm can afford international expansion because they can absorb high costs risks involved, however, smaller firms prefer exporting to avoid the risk. d. The level of Control: Level of control also has an impact on selecting entry mode strategy. Levi (2006: 56)…

PESTEL ANALYSIS: JENKO’S BEANERY Identify your industry. Discuss the Economic, Social, Technological, and Legal aspects of your industry I. POLITICAL/LEGAL 1. Employee Laws HOURS OF WORK Art. 83. Normal hours of work. The normal hours of work of any employee shall not exceed eight (8) hours a day. Art. 84. Hours worked. Hours worked shall include (a) all time during which an employee is required to be on duty or to be at a prescribed workplace; and (b) all time during which an employee is…

The above chart 4.0 illustrate comparing of perfect competition and monopoly. In the perfect competition price and quantity are determined by the intersection of the demand and supply curves which is known as equilibrium where as in monopoly the equilibrium quantity falls, and the equilibrium price rises. In contrast, monopoly market profit maximise quantity is at the point where the marginal revenue (MR) curve intersects the marginal cost (MC) curve and the profit-maximizing price is determined…

Triangle Solutions Expansion The always evolving economic world triggered by the fast technological advancement has compelled Triangle Solutions to concentrate on expansion strategies and subsequently adapt to the market changes. Triangle Solutions is a crucial player in the cosmetic industry in Australia having been ranked the highest in revenue generation in the country. With the growth of international business and competitive business on a global platform, it is advisable for the company to…

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…

countries often use Shock Therapy to deal with crises and in my essay I will specifically look at financial crises. The argument I use to support my view is the situation in Greece, its recent developments and how the country generally has dealt with the economic crises which started in the late 2009. I use this example because it is recent and quite pressing for the European Union and international…