Essays on Subsidies

Benin imports are more than it exports. The country should devise ways of increasing its exports and avoid excessive reliance on imports. The majority of its industries are young, and countries export a lot of unprocessed raw materials. The young industries cannot produce goods at low cost and compete with large firms of industrializing countries in the international market. Besides, unprocessed goods are sold at a relatively low price (International trade centre 1). The government should be more involved in the trade to ensure value addition to its exports. The government should start industries that process cotton and other ...

Abstract

Subsidies mean that the government pays for what would have been paid by consumers thus reducing the overall expenditure. Thus, subsidies have a far-reaching economic implication to the economy since it reduces the overall cost of production, besides stabilizing the prices of commodities within a reasonable limit. Indeed, high subsidy level means a lower cost of production. Moreover, allowing subsidies spurs economic growth since it lowers the operational expenses of production. Other consequential impacts associated with subsidies include improved living standard of the general public due to the overall affordability of commodities. On the other hand, a subsidy to ...

Institutions

The Fallacy of Microfinance Microfinance has been billed by many as a solution to the persistent problem of poverty. This is as result of the fact that it has been hailed to create and expand micro-enterprises and in the process improving the socio-economic situations of those that own the micro-enterprises, who generally tend to be women. However, according to Banerjee, Duflo, Glennerster, & Kinnan (2014), microfinance does not necessarily lead to people rising out of poverty. The argument held by Banerjee, Duflo, Glennerster, & Kinnan (2014) gives credence to the apprehensions some have had about the romanticized stories on microfinance. I ...

Introduction

Vermont, Minnesota and Colorado have introduced transformative healthcare payment and delivery system reforms. The three regions have introduced deliberate measures to coordinate the healthcare insurance providers and health facilities to improve disease prevention and management. The reforms in the regions have the aims to lower the basic costs and enhance the desired healthcare results. The healthcare models in Colorado and Minnesota have introduced transformative, accountability and transparent approaches for the patients under the Medicaid program. On the other hand, Vermont has introduced the multi-payer programs with the objective of a consolidated healthcare financial system. This article focuses on the ...

Demand function (QD) = -5200 - 42P + 20PX + 5.2I + 0.2A + 0.25M Where; P= 500, PX=600, I=$5,500, A=$10,000 and M=5,000

Replace values in the equation;

QD = -5200 - 42(500) + 20(600) + 5.2(5,500) + 0.2(10,000) + 0.25(5,000) = -5200 – 21,000 + 12,000 + 28,600 + 2,000 + 1,250 = 17,650 Price elasticity of demand = ∂QD∂P×PQD ∂QD = change in quantity demanded, ∂P = change in price; P= price, QD = quantity demanded ∂QD∂P = -42 QD= 17,650 P= 500 Price elasticity of demand = -42 ×50017,650 = -1.1898 The above elasticity indicates that the product’s quantity demanded ...

Determination and interpretation of elasticities

Demand function, QD = -3,500 – 150P + 30A + 75PX + 10 Y P = 300 cents, A = $750, PX = 200 cents and Y = $10,000 QD = -3,500 – (150 × 300) + (30 × 750) + (75 × 200) + (10 × 10,000) = -3,500 – 45,000 + 22,500 + 15,000 + 100,000 = 89,000 units

Price elasticity of demand

Price elasticity of demand = ∂QD∂P × PQD

Change in quantity demanded/change in price, ∂QD∂P is the coefficient of price, P in the demand equation.

∂QD∂P = -150 QD = 89,000 P = 300 cents PED = -150 × 30089,000 = -0.5056 The above price elasticity of demand indicates that the quantity demanded of the low-calorie, microwavable food decreases by 0.5056% for every increase in price by one cent. The elasticity is less ...

Background

The Multifibre Agreement was developed in 1974 and governed the world’s textile sector until 2004 when it was phased-out. The accord inflicted quotas on the amount developing countries could export to the developed world. It was meant to help the developed countries adjust to existing absolute advantage that the developing countries have in the textile industry. The existence of the agreement allowed the Bangladesh textile industry to flourish in the 20th century and early 21st century. It was highly expected that the phase-out of the MFA would greatly affect Bangladesh negatively as the country was highly dependent on ...

Questions and Answers

Questions and Answers

Question 1

Answer The two nations selected in the study include the United States and China. In the two countries, the government provides funds for health services. Therefore, in the budget for each of the nations selected, there is an allocation of funds onto the health financing initiative. In the United States, the execution of such funding comes through the programs like Medicare or Medicaid (Reeves, 2015). In addition, the insurance plans exist. In China, there is governmental funding and insurance policies alone. In both nations, the financing health insurance has various impacts on the economy. For example, ...

The Cost of Education

Introduction The cost of education has spiraled higher in the recent past, and this trend is not surging down anytime soon. However, the impacts of the high cost of education have restricted a majority of academically potential students in the cold as having no chance to compete for some top-rated Colleges and Universities. Notably, the middle-class has been hit so hard by the rising cost of education since they are not capable of funding their children’s education in the prestigious Colleges, and at the same time not so poor to have the necessary merit for the education subsidies. ...

According to current population reports, 28.5 million of the United States population remained uninsured. Of the 34 member states of the Organization for Economic Co-operation and Development (OECD), the United States, Poland, ad Greece are the only countries without a universal healthcare system. In many of the cases, advocates for the right to health care often argue that no individual in the developed countries like the United States ought to go without a health insurance. In their arguments, they admit that a right to health care would halt medical bankruptcies, enhance public health, and reduce the general costs of ...

Perhaps the most sterling example of an intervention or tactic that has changed greatly in light of the passage and implementation of the Affordable Care Act is the interaction that many people have with health insurance, the poor in particular. In the past, Medicaid was about all there was in terms of health insurance for the poor. The subsidies and support system in place for those that struggle but yet are not poor enough to qualify for Medicare were not yet in place. With that in mind, the author of this report witnessed more than once where people would ...

Introduction

Milton Friedman was a renowned economist and a reputable advisor of the United President Ronald Reagan and Margaret Thatcher who was a Conservative British Prime Minister. Friedman developed an influential and controversial manifesto on the role of the government in a free society on his work titled Capitalism and Freedom. His fundamental objective was to promote the laissez-faire economic policy by often disapproving the interventionist policies held by the government and their cost in economic efficiency and personal freedom within and outside the United States. It is with this light that Friedman provide his view on the significance of ...

The Impact of the Guaranteed Price Policy on the European Sugar Market

Sugar industry is one of the most dynamic in the structure of the food industry and plays a significant role in the economies of several countries. The European Union leads the five largest importers of sugar. Sugar production in the EU is expected to grow by 10% in the 2017/18 season. The production may reach 18.3 million tons, but still will be lower than the record 2014/15 season (19.4 million tons). Sugar production growth is expected in France (up to 5.5 million tons) and the UK (up to 1.4 million tons). However, despite the increase in production, the EU ...

Introduction

President Obama enacted the Affordable Care Act as a United States Federal statute in 2010. Together with the amendment to the reconciliation bill, it promised to expand health insurance to all citizens at a reasonable cost. PPACA defines the health care as neither the right nor privilege of people but it states that citizens, however, do have a right to “affordable” healthcare, which it tries to achieve through a partnership between the market and the government. The ACA is a result of an evolution of government-funded plans such as Medicare and Medicaid as well as statutes such as HIPAA, ...

First of all it is necessary to give the definition to the term market failure. Market failure is “something that is inherent to the market that causes the market equilibrium allocation to be inefficient” (Morey, 2015). According to Pettinger, market failures “occurs when there is an inefficient allocation of resources in a free market” (Pettinger, 2015). Both of these definitions underline that market failure is the situation opposite the ideal market. Taking into the consideration, that we live in times when ideal market do not exist in reality and is replaced by tough economic rules and high competition.

There exist 10 main types of market failures:

Externalities – ...

The core values St. Leo’s represents is applicable to the debate surrounding the ACA. St. Leo represents and firmly believes in community and integrity. The ACA is reportedly designed to provide for the welfare of the community, meaning Americans at large. The issue surrounding the ACA is that many say the provisions lack integrity due to various different reasons. Regardless of these issues, integrity is often defined as doing the right thing, even when no one is watching. World leaders and policy makers have a responsibility to maintain integrity to benefit the communities in which they live, whether ...

Externality takes place when action of one agent exerts direct impact on welfare of other agent, and this impact is not transferred by market prices. When there are externalities in the market, the social marginal cost is not equal to private marginal cost. Positive externalities compel market to produce less than the socially desirable quantity (Gans, King & Mankiw, 2011). Positive externalities are present in the economy when marginal social benefits are greater than marginal private benefits (Cypher, 2014). There are, however, several examples of economic activities that pave the way to production of positive externalities such as:

Provision of Education

Industrial training ...

Introduction

This paper will examine Affordable Care Act (ACA), which aims at improving healthcare accessibility. The ACA is a federal policy, which solves the issues of health provision by subsidizing health insurance. Consequently, it expands insurance coverage and lowers the costs of healthcare (Rosenbaum, 2011). The policy directs insurance firms to offer standard minimum charges to applicants despite their pre-existing conditions.

Social issue tackled by the ACA

Problem to be solved The ACA addresses the issues of healthcare provision by lowering the costs and improving access to medical services. Low-income earners have access to better healthcare which enhances the quality of life. Also, the policy reduces ...

Question 1: Brazil vs. the United States

In 2002 Brazil filed a lawsuit in the World Trade Organization (WTO) Dispute Settlement System challenging the United States farmers for violating most of the trade agreements. The case was touching different farmers including fruits, vegetables and cotton farmers. Brazil looked unhappy by the actions the United States was taking to give its farmers some advantages such as providing grants, subsidiaries which according to the WTO was to be prohibited (Mercier, p.31). Therefore, due to the unfair competition, the US farmers were provided; Brazil decided to seek a resolution from the WTO. The WTO ruled against the United States. ...

Introduction

According to the Bureau of Labor Statistics, there are more than 322 million people residing in the United States and nearly 4.70 percent of those who are capable of working are unemployed as of May 2016 (2016). This unemployment rate may not be alarming since 4.70 percent is a small number, but when converted, this small percentage accounts for more than 10 million unemployed individuals. Unemployment is among the alarming issues in the society and that should not be ignored. For instance, its relevance in the society makes a country's economy suffer. Unemployment causes the national output to be ...

In January 2014, Congress passed an act that would promote reform of agricultural programs in the United States which would become known as the Farm Bill (GPO.gov, 2014) and it was signed into law in February 2014 (NIFA.usda.gov, 2016). In addition to agricultural programs, the bill supports employment and research within the industry (YouTube, 2014). It also relegates funding for tribal institutions for Native Americans and black institutions such as Central State University in Ohio.

Evolution

The origin of the farm bill began in the 1920s as farmers faced drastically lower crop prices at the end of World War I ...

[Institution’s Name] The United States has a high number of uninsured people. When these people become gravely ill, it puts a burden on the health care system because they must take care of them, but have no way to pay for it. So Obama and the Democrats, with little to no input from Republicans, pushed through Congress the Affordable Care Act, more popularly known as Obamacare. Obamacare mandated that everyone be insured or pay a fine that was to be imposed through the IRS. The initiatives of the ACA were to make healthcare more accessible to the public ...

A History of Innovation

Tesla was founded in 2003 by engineers who wanted to capitalize on the growing market for electric vehicles (Tesla, 2016). Tesla was named after Nikolai Tesla, and the corporation uses several of his patents in the construction of its vehicles. Our major production was the Tesla Roadster, created in 2008. The Roadster could go from zero to sixty MPH in 3.7 seconds, making it one of the quickest vehicles on the market, let alone one of the fastest electric vehicles. The company would sell 2,400 of the Roadsters in total. In 2012, the company launched the Model S ...

Introduction

According to the Bureau of Labor Statistics, there are more than 322 million people residing in the United States and nearly 4.70 percent of those who are capable of working are unemployed as of May 2016 (2016). This unemployment rate may not be alarming since 4.70 percent is such a small number, but when converted, this small percentage accounts for more than 10 million unemployed individuals. Unemployment is among the alarming issues in the society and that should not be ignored. For instance, its relevance in the society makes a country's economy suffer. Unemployment causes the national output to ...

This is a presentation that examines two papers, first being evaluating the impact of PROGRESA on the health of children measures such as morbidity, height and anemia by using a controlled randomized design in the evaluation. The second paper examines the influence of school enrollment subsidy in rural settings in Mexico referred to as PROGRESA. Both articles discuss the effects of the PROGRESA program in the society of the poorest people in Mexico enacted by government agencies. The examination is done in both papers by collecting enrolment figures in areas where PROGRESA is operationalized and comparing it to areas ...

Several market and economic as well as fiscal factors may influence the existence and operation of a company. Precision Machines for instance may be affected by the following economic and market factors;

Market factors.

Mergers and acquisitions If Precision Machines Company competitors enter into a merger or one of the major competitors acquires the other, the company’s growth prospects may be severely hampered. Some of the ways in which the company will be affected are as follows;

Economies of scale.

The merged companies may enjoy increased economies of scale in terms of discounts on purchases, (Elvis Picardo, 2014). Bulk purchases made by the ...

The role of the state in the economy: A historical perspective

The role of the state in the economy has been a subject of discussion for many decades with different views emanating from a broad range of the individuals and institutions in the field of economics. Since the early 1900s, various economists have continued to investigate the various roles of the state in economic development. The investigation led to the distinction of the roles in two broad categories, namely; normative and positive roles. Normative roles refer to what exactly the state should do to maximize the welfare of the people. On the other hand, the positive roles outline what the ...

The Patient Protection and Affordable Care Act (ACA) was signed by President Obama in 2010. There were three major goals of ACA: to expand health insurance coverage, to shift focus from treatment to prevention, and to reduce costs but improve the efficiency of health care in the USA. “The intent of the ACA is to reform how insurance and health systems work to ultimately improve health care access, quality, and individual and public cost” (Hellerstedt, 2014). Indeed, The ACA provides incentives for delivering preventive care and funds for primary prevention programs. Nevertheless, The ACA’s primary goal is to ...

Introduction

Organizations, companies, educational institutions, and governments, face different challenges and threats every day, and the need to plan for undesirable future events is a critical requirement for any organization (Berg, 2010, p.80) There are times when the risk factors are unforeseen, catching the organization by surprise. Other instances are beyond human control, like disaster strikes and natural phenomena. In most cases, however, the risk areas are known, and management carries out the task of planning for the risk by creating contingency plans or determining ways to avert the risk. In extreme cases, the organization might choose to absorb the ...

Oil is one of the rare mineral commodities that sustain livelihoods, transportation and industrial processes across the world as one of the major sources of global energy. It is mainly produced by countries located astride ocean floors and also desserts, mostly Arab states in Africa, Asia, and some parts of Europe and Americas. In its crude form as a naturally occurring substance, it is found embedded in particular rocks on beneath the earth’s crust. It is from these crude oil that more refined petroleum products such as gas oil, naphtha, gasoline, kerosene, liquefied petroleum gas and petrol are ...

Introduction

On the 11th of May, Nigeria topped the BBC news headlines with the headline that Nigeria had decided to raise the petrol prices in order to ease the shortages in the country. For an economist, this kind of a news headline is bound to trigger your thoughts as to why this particular nation had decided to increase the prices having in mind the fact that the country is Africa’s largest producer of oil and also it has a fair share of the international oil market. The country’s legislative arm stated that it had found it wise to ...

Introduction

Practically, a tax is the most important instrument of fiscal policy and arguably, the most important aspect of public policy. For starters, tax influences the amount of money a government has to spend, as well as the amount the government needs to borrow in case of a difference between tax receipts and planned government expenditure (Pragyandeepa, 2015). The scarcity of resources, including the limits on the amount of taxes collected, influences the choices of spending by a government in the provision of services and public goods. In that vein, governments are always under pressure to have a sound prioritization ...

The Patient Protection and Affordable Care Act (PPACA) became a federal statute in March of 2010 (H. R. 3590, 2010). The PPACA required that group health plans and health insurance issuers cover all applicants for health insurance without regard to pre-existing conditions or sex of the applicant. Dependent insurance is required to cover uninsured children up to the age of 26. The PPACA further required that group health plans and health insurance issuers provide a stipulated minimum standard benefit at the same rates for everyone. Subsidies were available for eligible individuals, small business, and families. Government subsidies were made ...

In our day to day life, it is easy to see individuals who have found ways to cheat the system, and claim social welfare sources that are above and beyond that which they are entitled to, or who find ways to misappropriate the funds that they are given, and we are incensed by the waste of public dollars. However, in contrast we rarely get to see the results of corporate welfare, provided through government subsidies, or how the use of those funds are abused. In reality, though public disgust of corporate subsidies is far less prominent, they cost tax ...

Bargaining power can be defined as the ability to identify parameters in a negotiation, gain accommodations from other negotiating side, and tip the result of mediation to the preferred alternative (Dong, Zou & Taylor 101). Multinational Corporation, on the other hand, is a company with assets spanning over to other foreign countries besides its country of origin. These companies operate factories and offices in different countries with global activities controlled from a centralized location, mostly a headquarter. The ownership of these corporations is sometimes private. Some states form companies or seek shares in multinationals that are used to make foreign ...

Results and Discussions

As mentioned in the research strategy section of this paper, a combination of quantitative and quantitative data was utilized during the study’s implementation phase in an effort to systematically answer the research question. The main research question basically asks whether it is feasible to establish solar energy as a main source of energy for majority of Saudi Arabian households by the year 2020. The expected answer to this question is a yes, as defined by the perceptions of the individual households in the country and the projections and expert opinions of a professional working in the energy industry ...

Introduction

The concept of economic development has received tremendous changes since the pre-colonial era, a feature that seeks government intervention to enhance growth. These changes have an implication on the role of the government in developing effective programs to enhance economic development in a state. Economic growth prospects are achieved through efficient allocation of resources, which are the main factors that steer production by moving a country from low productivity to high productivity. However, the desire to experience rapid economic development goals is often hampered by existence of rigidities, which are either in technological or institutional forms. Therefore, the sector ...

International Trade Law

Dumping is the practice of selling goods from one country to another at substantially low prices; an action knows to discriminate price between the home market and the foreign market (Kerr 15). On the other hand, a subsidy is the act of distorting how things are run in the market and instead lead to resources being allocated resulting in low production and overall less wealth worldwide (Baker 15). Dumping is not an activity driven and operated by the government, as it is operated by private companies or organization, which they are part of the government or parts of them ...

Introduction

The exchange rate has become an integral component of modern economics. Its role stems from its far-reaching effects on the economy of a country, investments, the profitability of firms, and personal finances. Countries have become even more interdependent due to the rapid advancement in communication technologies and the expansion of global trade, which have significantly reduced the geographical distance between both individuals and countries. However, since nations use a broad range of domestic currencies with different values, trading partners must, therefore, rely on currency conversion methods to facilitate global transactions. This paper explores the importance of exchange rate and ...

Threat not addressed

Weakness Opportunity not taken V. Strategy Formulation (Chapters 4-9)

Strategic alternatives

Alternative evaluation Alternative choice VI. Strategic Alternative Implementation (Chapters 10 - 13)

Action items

Action plan Exhibits Presentation Slides Introduction Strategic Profile & Case Analysis Brandi Barnes Upon analyzing of Lockheed Martin’s historical strategic direction it is important to take notice of a few key facts. These facts or assumptions can easily lead to the series of analyses and scenarios depicted. The assumption for Lockheed Martin’s differentiation strategy and primary product choice comes from events during WWI when the U.S. government began focusing on acquiring military aircraft, which boosted industrial growth. ...

Question 1

The subject matter of electoral systems is the main component that anyone interested in democracy and governance should focus on. For any democratic and representative democracy country, elections play a very critical role in determining those who are going to rule. In essence, elections execute two essential tasks: one is to grant authority to those elected to represent the electorate and also to hold legislators accountable for their actions while in power (O'neil, 2015). Achieving the two goals ultimately relies on the electoral systems which are in place. An electoral system is defined as formal structure and means of ...

Assignment 1: Demand Estimation

Demand and Supply Estimation Based on the given information, we will calculate the elasticities of different variables. For the first demand function, QD = - 5200 - 42P + 20PX + 5.2I + 0.20A + 0.25M Price of the microwave oven, P = 500, Price of leading competitor’s product, PX = 600 Per capita income, I = 5,500 Monthly advertising expenditure, A = 10,000 Substituting the values of P, M, PX, I and A in the above equation, we will get the value of quantity demanded as, QD= - 5200 – 42(500) + 20(600) + 5.2(5500) + 0.20(10000) + 0.25(5000) = 17,650 units Price Elasticity ( ...

Establishment of BRICS was one of the most significant political events of the beginning of the XXI century. BRICS is a group of five fast-developing countries: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006 during the St. Petersburg`s Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India and China. Before the inclusion of South Africa in 2010, the organization was known as BRIC. For the first time the acronym BRIC was proposed by Jim O'Neill Goldman Sachs`s Bank analyst in November 2001. The sequence of letters ...

Health Insurance in the United States was implemented as a means to help individuals as well as families to cope up with the rising medical expenses. The annual report by has stated that the number of individuals seeking health insurance coverage (public) has seen substantial increases since 2010. This finding is in line with the assumption that the rising medical assistance costs have been putting a tremendous amount of pressure on people. They have been finding health insurance as the only viable solution to meet their medical expenses. But paying for insurance is not a relieving matter either (especially ...

The Patient Protection and Affordable Care Act (PPACA), which is often christened the Obama Care, provides provisions to Americans for more protections and rights in access to high-quality health care that is cheap to the many millions who are not insured (Rawal 16). By 2014, this law made it a requirement for all American citizens to have health insurance. The ones without minimum essential coverage were required to pay a monthly fee. In 23/03/2010, this act was signed into law. It was later repealed in 2012 to opt-out Medicaid. The law has caused many controversies among proponents and critics ...

INTRODUCTION

Franklin D. Roosevelt won presidential campaign in 1932 because H. Hoover was unable to lead the country out of the economic crisis of 1929-33. The policy of President Roosevelt in 1933-1941, became known under the name “New Deal”. It was an attempt to overcome the crisis and alleviate social tension in society, through deep reforms. In the presidential race, Roosevelt emphasized the need of the help to the millions of disadvantaged citizens; he promised that the American people would get the “New Deal”! Roosevelt did everything to maintain and develop the existing socioeconomic system in the country and strengthen ...

Cuba has undergone a lot of social and economic transformation over time. Following the various transition periods through which Cuba has undergone is important in understanding its culture. The cultural landscape in Cuba is predicted by themes of race and gender and how the two interact. For instance, Bengelsdorf (234) finds that despite the Cultural Revolution that has occurred in over the last century, the family norms in the country are still predicted by racial and class traditions. This means that interaction in the society was polarized by class and racial differences as well as the formation of nuclear ...

Patient Protection and Affordable Care Act (PPACA) better known as Obamacare is a federal statute that was signed into law in early 2010. Under this Act health institutions as well as physicians would change their clinical, technological and financial practices to improve health outcomes, lower healthcare costs and ensure accessibility to health services. The act is aimed at increasing affordability and quality of health insurance, lowering the uninsured rate and reducing healthcare costs to both the government and individuals through the expansion of private and public insurance. However, it is impossible to support the scheme unless the underlying challenges ...

Even though statistics states the the number of homeless people declined in the recent years, homelessness remains a big problem that needs to be addressed (Katel 243). However, the lacking of a permanent settlement does not root from the inability or lacking of the government to provide housing programs especially to the unfortunate. In fact, the American administration has already launched programs which aimed at reducing homelessness (Katel 243-244). One of the housing policies include the “Housing First” Program which helps homeless people find a permanent housing and aids them in the payments of the rent for some period ...

The U.S. farm subsidies should be reduced or eliminated. The position would be influenced by a number of factors that would give evidence on the impacts that the farm subsidies have had to the US economy. Further, if the subsidies continued being extended to the members of the public, they would cause further economic pressure to the U.S. government as well as the citizens. However, there are equally valid reasons why the subsidies should remain as benefits to the small scale farmers. There are different ways through which the subsidies have and would continue to be significant to the ...

Introduction

In the contemporary world, the rise of travel and tourism industries has shown a tremendous resilience, which has been among the main contributors to the growth of hotels real estate in various countries. Thailand is among the countries that have been significantly affected by the geopolitical tensions and economic instability. In 2008, Thailand experience violent clashes that resulted in approximately 9 percent decline in average tourist spending. This also resulted in the closure of the international airports, which consequently decreased tourists and investors' confidence. However, over the past few years, the country has experienced tremendous growth in the tourism ...

Introduction

This report demonstrates how Uno Homes (UH) will respond to their operating environment through the use of PESTLE analysis, which can be used as a basis for future planning and strategic management. Such analysis of the surrounding environment is designed to point out the specific opportunities and threats that will impact the future strategy of UH.

Organisational Profile

Uno Homes are homebuilding specialists, one of several house builders operating in the city of London. Uno is the commercial brand of Uno Homes Group, one of the leading providers of homes in East London that was formed to meet the growing demand ...

Abstract

Megabus has steadily grown to be one of the largest intercity transport sectors in North America. Stagecoach Group, with a fleet of close to 2500 vehicles and more than 5000 employees, has overseen the rapid expansion of Megabus. As a late entrant into the market, the company has the advantages of creating services that are tailored to its target market. It has also embraced social media platform which is popular among the youth that forms the largest proportion of its clients. However, Megabus faces stiff competition in the industry. It also has to content with low-profit margins due to ...

Government-Business Relations

Predominantly, free trade entails trade between two or more countries where there is an elimination of restrictions such as import duties, local production subsidies, import licenses, and export bounties. The common argument used to support free trade is that countries have different resources endowment. Therefore, each country should specialize in the production of goods and services in which it has a comparative cost advantage. Varying levels of technology required for resource exploitation necessitate the need for countries with advanced technology to invest in other countries where technological knowledge is less developed. The decision to allow foreign investment involves some ...

Introduction

Over the years, several researchers have consistently argued that religion play a bigger role in any form of economic development (Neill, 2010). Some have pointed out to the issue by claiming that the role is quite conspicuous and cannot be overlooked, well, the subject remains an issue of controversy; it attracts diverse opinions from all walks of life. However, several inquiries into the study have indeed pointed towards the direction, above all, they conclude by citing a close proximity between religions and the economic spur (Michael, 2012). Most importantly, some of these researchers have proposed that the topic of ...

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Implications of market structure for business and consumers

In a nutshell, economists define a market structure as the characteristics of the market which encompass competitive and organizational characteristics. However, a salient feature used in describing market structures is the number of firms in the market, which in turn dictates the nature of competition and pricing mode. As such, there exist four market structures, which are oligopolistic, monopolistic, perfect competition, and monopoly market structures. Each of the four market structures reflects a generic characterization of a real type market (Nancy and Kamien, 1982). Undeniably, the market structures direct the behavior of firms in the market. ...

Elimination of Subsidies for all Energy Alternatives

I agree with the proposal to eliminate government subsidies for all energy alternatives so that all energy providers can compete in a free market economy. My rationale for agreeing with this proposal is that providing subsidies is a retrogressive economic policy that allows the government to prop one sector of the energy industry at the expense of other sectors. Rather than foster competition, government subsidies will give alternative energy investors unfair price advantages over other energy providers. Moreover, subsidies will cause the alternative energy sector to become less cost competitive and encourage unhealthy dependency on preferential treatment from the ...

There are different approaches to define small economies. Besides usual quantitative ways to measure country’s smallness by its population, territory, GDP and other criteria, there some qualitative factors that are used to define the economy’s scale. Some economists state that small economies are those that adopt “price taking” policies as they cannot dictate their rules in the market, neither significantly influence trade rules. This peculiarity of small economies mainly lies in the fact that such countries have limited resources. Hereby, small countries are more dependent on imports and are forced to accept trade agreements offered by large ...