Essays on Economic Activity

Tourism is an economic activity that is affected by many other factors in the industry. However, there are many factors that adversely affect the economic activity positively or negatively. This paper explains the impacts that natural disasters might have in tourism as an economic activity. Natural disasters can sometimes become a great barrier to tourism. Tourism is often described as a temporary visit to a new place especially a region or a country (Becken, & Ren, 2012). This movement to a new place can sometimes be compromised with unfavorable natural disasters. A natural disaster, on the other hand, is described ...

as Environment Policy

Effectiveness of Carbon Tax as Environment Policy

Climate change has emerged as a global challenge because unrestrained rising of global temperature would cause melting of glaciers and rise of sea level that would submerge land masses, change weather patterns with frequent incidence of hurricanes and floods and droughts. As an effective response to the challenge, global leaders have agreed to cut back emission of Green House Gases (GTG) to contain the global rise in temperature below 2 degree Celsius (Symon, 2013). Carbon dioxide, a major constituent of GTG, is released to the atmosphere on combustion of fossil fuels such as coal, oil, and ...

1. Misconceptions Money generation remains central to economic activity. The process of how money is generated / created and destroyed is not, in fact, readily understood and is subject to numerous misconceptions. If anything, main conceptions about money creation and destroy assumes a linear conceptualization mode. Typically, money is widely – but mistakenly – believed to be created and destroyed by a direct relationship by which an owner places money deposits in a financial institution which, sooner or later, lends money to borrowers and hence creates more money. In modern era, particularly in a global financial system in which financial transactions ...

The current Russian-Ukrainian war is the largest armed conflict in Europe since World War II. The front line where active fighting is taking place is over 1000 miles, and general losses amount to hundreds of thousands. No wonder the war between one of the world’s largest fossil fuel providers (Russia) and one of the world’s leading agriculture countries (Ukraine) has had global impacts in multiple economic areas. If you need to develop a Ukraine vs Russia war essay regarding this topic, the example paper below will make a great starting point for your research. In case you, for some ...

Social Exclusion

Social exclusion is referred to the public refusal of individual member if their lifestyle does not meet the regular societal attitudes or if they fail to maintain normal social interaction without necessary material resources and education. Social exclusion is a concept that is used in many parts of the world for the labeling of modern forms of social deprivation and a decline in the margins of society. Social exclusion means non-acceptance of an individual or group of people from the social environment. This may be based on race, ethnicity, language, culture, religion, sex, age, social class, disability, and economic ...

The following literature review evaluates scholarly research on the challenges of entrepreneurship, project management and sustainable development in Africa. Based on the discussion meaningful implications and suggestions are mentioned towards the end. Africa is a land of magnificent natural sceneries and resources but even in the 21st century it is still considered the Dark Continent, bearing metaphorical meaning. It is the least developed continent in the world. Despite major efforts in improving the lives of Africans there are many challenges that face the continent.

Sustainable Development in Africa

Africa has immense natural resources and precious minerals. For decades the practice of finding energy ...

Final Assignment (Microeconomics)  

Consumer goods are products purchased to meet personal needs of consumers, family and household consumption. Consumer products with regard to the nature of consumption (the degree of durability) can be durable goods (i.e. used for a long time (cars, refrigerators, cell phones, furniture, TV sets)); and non-durable goods (i.e. consumed immediately (bread, cigarettes, drinks) or in divided doses (soap, toothpaste, washing powder), including disposable goods (once consumed) and services (the object of sale in the form of actions, benefits or satisfaction)) (Krugman and Wells, 2012). Consumer goods cannot be used for industrial production, since they do not have the ...

Executive Summary

Third party providers of proposition player services are a nascent, but a highly promising segment of the United States gambling business industry. There is much strong evidence suggesting that the number of casinos and other gambling establishments in the country is dynamically increasing. Thus, the importance of providers of third party proposition player services will be increasing simultaneously. At the same time, the practice shows that there are serious human resources problems in this area. In particular, the employee turnover rate in this industry is unusually high, sometimes reaching 35%. This research proposal provides a comprehensive introduction into the ...

(University/Institute/ College)

Climate change and health: discussion and impacts

In the span of two centuries, humans have done what no other species has been able to accomplish-to impact the basic functioning of the planet. Scientists call this era as the “Anthropocene;” it was at this time in history wherein humans became the commanding species on the planet resulting in massive disruptions in the planet’s ecological and geophysical operations. Prior to the era, the climate was stable in the Holocene period and before that the Pleistocene period was primarily marked by significant glacial movements (McMichael, 2011, pp. 187-188). With regards to global health, the impacts of ...

Introduction

The purpose of business is to obtain the maximum revenue at the lowest cost of capital in a competitive environment. The realization of this goal requires of comparing the size of the capital invested in the production and trading activities with the financial results of this activity. However, in the implementation of any kind of economic activity there is objectively a risk of loss, the volume of which is due to the specifics of a particular business. Risk is the probability of losses, damages, shortfalls of projected revenues, profits. Losses that occur in business activities can be divided into ...

INVESTMENT ANALYSIS OF VIETNAM

INVESTMENT ANALYSIS OF VIETNAM

Summary

Vietnam has changed in the last thirty years from an agrarian country to a service and manufacture country leader in the world in growth and economic activity. The country has a communist system legally but, in the practice, the country has a liberal policy in the economy signing the Trans-Pacific Free Trade Agreement but maintaining the political control under the rule of one party. The country offers opportunities and risks for individual and corporation with the intention to invest.

Introduction

Vietnam is known in the world as the country where United States of America lost a ...

Importance of Entrepreneurial Activity to the UK Economy

Assignments 2 Introduction The constant growth and evolution of economic relations, both between countries and between entrepreneurs within a country, are requirements for the creation of new business forms. Entrepreneurship is an important, but not a sufficient factor in economic and social developments of countries (Waschik, Fisher and Prentice, 2010). However, if left uncontrolled by the state, entrepreneurship can become just as harmful as the administrative-command system in an economy. Entrepreneurship is essential for the development of a competitive economic environment; in order to give the final consumers the freedom of choice, but does not content with goods offered ...

Gross Domestic Product

In this document, readers will be presented with the concept of macroeconomic and its involvement in the development of a gross domestic product. Macroeconomics deals with the routine, arrangement, performance, and management of an economy. It includes national, provincial, and international economies. The most important measure of economic activity in a country is the Gross Domestic Product (GDP). The GDP of any country can be improved by increasing its disbursement, production, and profit. To measure the GDP of any country, one needs a consequential aggregation of all categories of manufactured produced. The territory's manufactured products are the crossing result ...

Abstract

London is the only city in the world to host modern Olympics three times. 2012 London Olympics is considered to be the most successful Olympics ever in terms of management, economic success, and environmental stewardship. However, other cities in the UK are catching up. One of the major problems London may face while bidding for a game is from Londoners who may not be willing to host another Olympics game in quick succession as this will disrupt daily life and negatively impact the Londoners. However, in almost all other aspects, London is better positioned than its competitors, such as ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

The City and State Where it located

Introduction The Murray Darling Basin as an ecosystem is the third largest river basin in the world and is divided into two sections that is the Darling system which is the northern basin and the Murray system which is the southern basin . The Murray Darling river basin has been a subject of concern over the deteriorating quality of its water and impact on the ecosystem services offered by the basin. This paper studies the various ecosystem services offered by the Murray-Darling basin and the respective value each of the services offers to the various components of the ecosystem. The ...

Inductive Thematic Analysis

Introduction Drug crimes are increasingly becoming a major concern on both local and global fronts. Current research (Braun and Clarke, 2012) suggests that the thematic analysis of important data sources such as sentencing remarks would facilitate the efficacy of available strategies in these crimes. The purpose of this assignment is to analyse the themes that comprise the societal understanding of the occurrence and penalties of drug-related crime. The researcher uses information from seven courtroom sentencing remarks from Adelaide, Southern Australia. This inductive thematic analysis identifies overarching themes that are evident across all seven documents. The themes include “gender and ...

Is the outsourcing of low-paid jobs to developing countries a strictly positive development for workers in such countries? Clarify your position by reference to notable industrial relations incidents or economic developments from the last decade.

The business practices of outsourcing and offshoring have been the subject of both praise and criticism. Critics of outsourcing refer to the loss of job opportunities (locally), lower quality products, and unequal pay rates among domestic and foreign workers. Proponents point to its potential to enhance productivity, lower costs, and enhance core efficiencies for outsourcing companies. There are, however, more in outsourcing in addition ...

Introduction

Sharp Park, which is named after George Sharp, has a long, rich history. Mr. Sharp owned a more than 400-acre estate that he established with a vision for the San Francisco residents to enjoy recreation in a natural setting. When he died together with his wife, the property was left to the San Francisco City Council under strict instructions that it would only be used for recreational purposes. Sharp Park is in California off Highway 1 along the Pacific Ocean, San Francisco. It has existed since 1917; the golf course was established in 1930s. In 1941-internment camp was established ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Business cycle: periodic fluctuations in the economic activity experienced over time. It is determined by measuring the growth rate of the gross domestic product.

The Circular Flow Diagram: it is an economic model that shows how goods, services and money move within an economy (between producers and consumers). Economic Equilibrium: a condition in which economic forces are balanced in the absence of external influences. The main forces are demand and supply. Effects of leakages from and injections into the spending stream: leakages include savings, imports, and taxes while injections include investment spending, exports and government spending. When leakages exceed ...

Introduction

The exchange rate is a very significant economic variable that all markets keep a close watch. Exchange rates are influenced by multiple factors both political and economic. A variation in exchange rates implies that the reference currency has become weaker or stronger against the underlying currency. The Japanese Yen has experienced numerous stability swings against other currencies over the past here decades. The worst point in the era experienced by the Yen was in the early 1980’s when the Yen weakened to trade at as low as between 200 – 270 yens per dollar. This condition persisted until after ...

Introduction

Germany is a leading and developed country of the Europe and has a remarkable influence on the economic structure and policies in the Europe. The country has an area of 357021 square kilometers and a population of 81.4 million people. The economic structure of Germany is social market structure. The country is rich in highly technical and skilled workforce, low levels of corruption and high capital stock. The major reliance is on the exports, and the country is the third largest exporter in the world. The economy of Germany is largest in the Europe, and the makes a fifth ...

During the American Revolution in the 1770s, African Americans soldiers participated in valor. Some were fighting for the Britain colonialists while others were fighting for American patriots in their struggle for independence. The slaves fought alongside their masters so that they could get human rights and freedoms enjoyed by other Americans. During this time, slavery was at peak, and most African Americans were under servitude and gross abuse of their rights (Matthews 369). Slaves imported from Africa and other parts of the world were sold to slave masters especially in the North. When the revolutionary war ended, most soldiers ...

Introduction and background information

The underground market is a precise example of free economic activity at work. The markets are entirely unregulated except by the participants themselves. No taxation takes place, and it is possible to pursue activities in the underground market which are illegal. The market can be very popular. Indeed, the smugglers (the earlier form of underground markets) were sometimes, known as ‘free traders ‘in medieval Europe. The major factor influencing the growth of the underground market is high taxation by governments. The increased tax is because of the ever increasing public expenditure with dwindling resources at the disposal. Reversal is ...

In the 21st century, climate change has emerged as one of the main threats to the environmental wellbeing of earth as a planet and the ecosystems. The National Academy of Sciences, in its 2009 Ecological Impacts of Climate Change stated that “Climate change is one of the defining issues of the 21st century. Therefore, humans are under a challenge to formulate guidelines, practices and behavioural standards that ensure that economic opportunities and improve quality of life are available to the human population in the long run and also climate and eco-systems are sustainably maintained. Notably, climate change and in ...

Introduction

West African region comprises of several states that are found in the western part of the African continent. These states occupy the vast Sahara Desert and is normally referred to as Sahel. West African has gone economic and political revolution since the twentieth century. After the colonial period, several cities in West Africa were converted into independent states.

The region comprises of the states in the Maghreb region, and they occupy a total of 6,140,000 square kilometers

Much of the region depends on Mediterranean politics, and this has made the region to be politically powerful The region witnesses the economic resource imbalance that has resulted in poverty index in the region. Thus, most of the people are economically ...

Abstract

Can female participation in the labor force contribute to economic growth? Is there a causal relationship between female participation in the labor force and economic growth? This paper addresses these questions using the vector error correction model. For this study, an annual time series data for the period 1970 to 2012 for the United States has been used. The results show that there exists a co-integration between female participation and GDP per capita, which is a proxy measure for economic development. The result does not support a two-way causality between the variables. However, a causality running from GDP per ...

Introduction

On the shores of the Gulf of Omen lies an almost dying city called Sur. Sur was the capital city of Ash Sharqiya Region before it was split into two. The primary activity in the city today seems like prayer and religion in general as most of the very few buildings in the city are mosques. The city only looks like what it used to be that what it is currently. The sea which is said to have been once the most active as a means of transport to East Africa looks deserted with only a few boats lying ...

The Name of Class

The Name of the School The City and States where it is located Free market economy is interlinked with the capitalism and the capitalist system. There has been much debate about the ecological crisis and one of them is also inevitable global climate changes. The paper will argue that the free market economy is incompatible with safeguarding from the ecological crisis and global climate changes because it is based on the capitalist system which ideology favors profits over environment protection and public goods. The thesis of the paper is that free market economy cannot solve global ecological crisis and ...

Introduction

This report is based on the key findings established after going through the case study of Intercontinental Hotel Brisbane. The hotel consists of 1019 rooms and is situated in a prime location in Brisbane. The workforce at the underlying hotel comprises agency workers (coming from Asian and some other foreign countries) and directly appointed employees. The company has recently introduced an automated system based on a software application called Optii to appraise the performance of their employees in order to make them utilize their full potential. The question is how far Optii has been successful in dealing with the ...

Introduction

Hazard analysis involves identifying and obtaining a solution to a hazard situation in the society thus preventing their consequences in the long run. Hazard situations are unforeseeable circumstances which require proper identification to avoid culmination into high risk situations. The need to identify and determine the risks pertaining to hazards is thus highly recommended. Hazards can lead to injuries and even deaths. Hazards affect the daily lives of the people in the world and thus require proper mitigation plans to settle them. Community hazard situations include physical, chemical and biological. Physical hazards include natural disasters and man-made disasters that ...

Abstract

The labor market in the United States has changed significantly over the years because of the changes in the global market and the impact on the work force in the country. The changes have led to diversity in the way people live and work. For many people, the loss of jobs causes structural changes in the ways that people live as these people are no longer able to finance their way of life. Mortgages also have been affected by the changes in the labor market and people have now become more aggressive in securing their homes. In addition, the ...

Introduction

There are a number of influences that the Native Americans have contributed to the American society. The Native Americans have had a history that has shaped the lives of the American society to today. They used natural happenings and existent phenomena to define life and this was through animals, plants, the rain and even the sun. Therefore, the Native American society contributed to the current American society through the culture, through the political identifications and other economic activities.

Culture

The Native Americans were composed of the Indians. Their culture revolved around the daily lives and their beliefs in various happenings ...

Q1. Identify two strategies based on the fiscal and monetary policy that would encourage people to spend money in order to create economic growth. Fiscal and monetary policies are demand side policies that can be strategically employed for realizing economic growth by motivating consumers to spend money. It can be made possible by brining an increase in aggregate demand (AD) if the economy is passing through recession or growth is below the expected level (Pettinger, 2012). Monetary policy can be the most randomly used tool for impacting economic activity. To encourage AD, the Central Bank of a country can ...

Issues of Economic Crisis

The recent recession and the financial crisis have paved the way to uncommon and hostile actions by policymakers of fiscal and monetary policies. Secular stagnation is for ensuring achievement of full employment, for lowering and stabilizing inflation rate, and for maintaining financial stability. Current macroeconomics failed to analyze financial crisis because of its incapability of envisaging current issues prevailing in the economy. Analysis of these topics is essential because they help in determining and then solving the problems of economy by taking adequate measures in a timely manner. There are several causes of recent Great recession. Major causes include ...

1. How does Monetary Policy Affect the Economy? Monetary policy is a strategy by which a monetary authority of a given state or country formulates with intent to regulate the supply of money in the country targeting stabilization of interest rates to ensure general trust in the currency (Poloz 10). Monetary policies serve to stimulate the economic growth in various dimensions as a long run way to control inflation. These policies affect the primary business when they are executed by the stipulated standard modules used in the policy analysis. When the central bank lowers interest, households and firms adjust ...