Linguistics is a comprehensive course, but when you tell someone you are studying it, they will probably ask questions such as, how many languages do you speak? Do you know everything in grammar? What is it about?Linguistics is not in any way related to how many languages one can speak. Many linguistics pros only talk about one of two lan...

990 Words / Jan 24, 2020 / 2 Pages

Whether writing is an art or not is one of the hottest subjects in the industry. When you talk about art, most people will only think of drawing, painting, sculpting, and perhaps music. But not many will consider any written text as a form of art. Poetry is probably the only written form that is considered art.By definition, art is all ab...

991 Words / Feb 25, 2020 / 2 Pages

Art is one of the essential factors if human development and civilization. Ancient art give us clues into the old social life. Described as a way of expressing ideas, thoughts, and information, historians have used artistic work to determine a way of life in a specific period. Walk through many states today, and you will discover the transformat...

1025 Words / Feb 25, 2020 / 3 Pages

Ancient Egyptian art has always been used as a reference point for art and history. It carries some of the major pieces of evidence of human civilization. What many don’t know is that ancient Egyptians did not have a name for art. They focused on revering beauty and producing architecture, reliefs, paintings, murals, statues, decorative arts,...

1027 Words / Mar 10, 2020 / 3 Pages

Leonardo da Vinci, one of the greatest Renaissance painters, has continually passed the test of time to remain as an icon in artistic traditions and techniques. He is well remembered through the many innovative compositions he made in his life, which thoroughly investigate the anatomy to represent the human body accurately. His style has created...

1083 Words / Mar 11, 2020 / 3 Pages

Leonardo da Vinci painted the Mona Lisa five centuries ago (1503 – 1519). And today, it hangs behind a highly protective bulletproof glass inside the Louvre Museum. It is regarded as the most famous painting in the world, drawing thousands of admirers from all corners of the world every day. It has its room and receives mails from fans all ove...

1112 Words / Mar 11, 2020 / 3 Pages

Global figures and researches indicate that women have fewer opportunities than men both in economic and political participation. Their access to higher education, more excellent health and safety risks are also limited. This means women representation in significant sectors of life is still wanting.The best way to give them such opportun...

1029 Words / Mar 27, 2020 / 3 Pages

There are many different approaches to what entrepreneurship is and what it is not. In many instances, it highly depends on what one thinks of it to be and not what others do.Blackburn, 2011, p. xiii states that “Whilst there is no universally accepted definition of entrepreneurship, it is far to say it is multidirectional. It involves...

988 Words / Apr 07, 2020 / 2 Pages

The modern world has become so dependent on technology that there is no imagining where we would be without it. The world has been transformed into a global village. We can access anything from anywhere in the world easily. Information communication technology has taken center stage in all aspects of human existence, making it possible to access...

994 Words / Apr 07, 2020 / 2 Pages

One of the most discussed methods of entrepreneurship in non-profit organizations. Some think that because it does not directly benefit the entrepreneur, where applicable, it does not qualify to be a business venture. However, there are many more, with proof, who feel that non-profits are just an excellent entrepreneurial venture as any other.&n...

999 Words / Apr 08, 2020 / 2 Pages

Nonprofit organizations have been part of entrepreneurial studies for generations. Though their main aim is not on profit gain, they contribute greatly to the world’s economic development. It is common to find people interested running an NPO. One thing we can all agree on is that running and NPO is not an easy task. The biggest ch...

986 Words / Apr 08, 2020 / 2 Pages

The aspiration to do good and make work sustainable is among the significant features of a social enterprise. For the past several years, social enterprise has seen tremendous growth with more and more companies recognizing their value. There are several not-for-profit organizations seeking opportunities to expand their ventures that fulfill the...

989 Words / Apr 09, 2020 / 2 Pages

One of the most significant discussions in the world of business is whether or not nonprofit organizations rank as entrepreneurial ventures. Well, since they are established to benefit a specific group of people, and they are innovative, they are indeed entrepreneurial. Running one can be extremely rewarding, but it can be very challenging as we...

1010 Words / Apr 09, 2020 / 3 Pages

The United States of America is considered one of the superpowers of the world because of its military power and technological advancement. But the primary factor for its position as a global leader in its political development and advanced political economy. As a federal republic, the Unites State is led but the president, the congress, and def...

1029 Words / Apr 29, 2020 / 3 Pages

Our world is diverse in many ways. Every state prides itself on its own political, social, economic, and religious unique. However, there are many situations where we all have something in common. Politics, in particular, is the primary determinant of the face of the world. It determines the state of nations, their economic development, internal...

1018 Words / Apr 30, 2020 / 3 Pages

Our world is rich and diverse with people from all cultures. We can never all be the same; as such, there is a need to find a way to connect with others. Hence, the complexity of our world demands professionals skilled in international relations; this exciting field of study offers a comprehensive perspective on issues that defined national boun...

1000 Words / Apr 30, 2020 / 2 Pages

Politics and religion are among the most crucial subjects of discussion in the modern generation. Many questions, such as where does the church come into a state? Who should control public religious functions? What is the involvement of the country in spiritual issues? and so on, continue getting different answers. But one thing clear is that re...

990 Words / May 01, 2020 / 2 Pages

Standing before a camera is never an easy task. Many people find it hard because it is not something that anyone can do. While the news team will be busy writing the script and setting up the cameras, oftentimes, they forget to prepare the anchor. They assume that perhaps experience makes it more accessible. However, even experienced new anchors...

994 Words / May 12, 2020 / 2 Pages

Journalism can be defined as an act of writing news related themes for print and non-print media. It also involves a complex process of taking information, sieving, and placing it into context. A journalist is always faced with the burden of telling the truth. Journalism serves as the watchdog and whistleblower for society. It combin...

1027 Words / May 12, 2020 / 3 Pages

Writing a TV script is not like writing any other document. It is harder than you think. Unfortunately, many people get into this writing without understanding what they are in for. Even highly skilled journalists struggle with turning a written story into a script that should be hard. A TV script is meant for the ear, more than the eye. Althoug...

1000 Words / May 13, 2020 / 2 Pages

Every human being is guided by a set of moral principles that guide in decisions making. This is called the application of ethics, which affects personal and professional lives. Ethics is a term used to refer to conduct or behavior within a society. In other words, it includes actions that are seen as morally right within a social setting. The t...

1087 Words / May 13, 2020 / 3 Pages

Law is one of the major pillars of society. And in journalism, legal rules are a complicated and fluid series of decisions that define acceptable conduct and draw the boundaries of the proffession. This is to say; the law is constantly changing in journalism. Today, a new law will be made, and tomorrow it will be overturned by more modern law. I...

1015 Words / May 14, 2020 / 3 Pages

The hard work of journalism comes defined by interviewing and note-taking. This is where you know real journalists from amateurs. For journalism students, there is no better way of improving your skills that learning about these two aspects. Even most of the significant journalists in movies and TVs find interviewing and note-taking a real chall...

1003 Words / May 14, 2020 / 3 Pages

 Journalism is one of the largest industries in the world. A journalist carries the weight of society on their shoulders. This is because information empowers a community and journalism has that mandate. They search for news and inform people about the happenings of the moment. And as you may already, news happens all the time on different...

992 Words / May 15, 2020 / 2 Pages

For many generations, the print media was the leading forms of media in the world. Modern civilization was found in this type of media. Traditional print media became the backbone of society, especially the elite. But when broadcast media came into play, everything changed. Television was now the new center of attraction. Even though it was firs...

990 Words / May 15, 2020 / 2 Pages

The past 25 years have seen the most defining moments in the history of journalism. There radical changes and transformations have forced the industry to adapt to the modern trends in news-making. Hence, many people, even those who are not journalists, have changed their understanding of traditional journalism as a profession. This is mostly bec...

1031 Words / May 18, 2020 / 3 Pages

There seems to be so much happening in life that we all want to know about. Every day, there is a jumble of events, falling over each and affecting our normal living. And journalists struggle through this chaos, trying to ensure the public receives time news. They keep creating sorted out and neatly packaged news for the benefit of the public. H...

1033 Words / May 18, 2020 / 3 Pages

The economy is one of the most critical aspects of national growth and development. And in this case, inflation and unemployment are the two most used economic indicators for the health of a country. Hence, they have to be carefully measured and kept under control. And this is keeping down unemployment cases and encouraging economic sustainabili...

2021 Words / Jun 01, 2020 / 5 Pages

Today, technology has become the driving force for economic development. This means countries and businesses are relying more and more on innovation. Many countries across the globe have relied on the old, traditional linear models of “closed” innovation, which does not include any or minimal external stakeholder engagement in value cre...

1984 Words / Jun 01, 2020 / 4 Pages

Every nation must account for its economy over a specified period of time. This is vital in planning for and allocating funds to different ministries for the period. The existing government uses the Gross Domestic Product (GDP) and Gross National Product (GNP). GDP can be defined as the value of finished internal goods and services for a nation...

1992 Words / Jun 02, 2020 / 4 Pages

The term pricing is a common reference in the business realm. It refers to the sellers' approach to putting in place the right purchase price for goods and services. The seller must set the correct place because price determines how buyers react, not only to the product/service but to the brand. Pricing strategy is how the seller pursues sa...

2083 Words / Jun 02, 2020 / 5 Pages

Pricing is a common term used in business to mean a seller’s approach to setting the monetary value of goods or services products. It is one of the most important aspects of a business. Pricing determines whether a company succeeds or fails based on demand and competition. The approach taken by a seller to describe how they pursue sales and ma...

2029 Words / Jun 03, 2020 / 5 Pages

The main objective, and indeed, the primary motivation of a business come from the need to make profits. This is true, of course, unless one is running a non-profit organization. In which case, the company must still make some profit, and it could be in terms of the social health of the society they are serving. This means no matter what, every...

2014 Words / Jun 09, 2020 / 5 Pages

Many traditional economies failed because they did not allow financial markets to work. But talk about financial markets, it is vital to talk about the financial system. The financial systems operate as economic boosters as it stimulates the economy. It influences the economic performance of different actors while affecting economic welfare. It...

2010 Words / Jun 09, 2020 / 5 Pages

Entrepreneurs and their businesses run the financial world. This means they determine the face of development and general human well-being. There is a time when production, trade, and general economic activities are high, and there is a time when they are low. On several occasions, there is what we can call, a balance-out, where it is neither lo...

1996 Words / Jun 10, 2020 / 4 Pages

There is so much discussion around what economic is and what it is not. Understanding the term needs one to know how scarcity affects consumer decisions. Hence, economics can be easily defined as the study of how people react when faced with scarcity. It is all about the decisions people make in such a scenario. These decisions may be individual...

2018 Words / Jun 10, 2020 / 5 Pages

With economics, there is a lot to learn. It can be defined as the science of analyzing the production, distribution, and consumption of products. In simple terms, economics is all about the choices people make, why, and when buying products and services. Economics, as a subject of study, features two subcategories, microeconomics, and macroecono...

2025 Words / Jun 11, 2020 / 5 Pages

In the economy, a perfectly competitive market is where there are no giants or monotony within the market. Perfect market firms are referred to as price takers because they do not influence the set prices. Since many companies are producing similar products, the price is set along the equilibrium. One advantage is that the cost of production and...

2004 Words / Jun 16, 2020 / 5 Pages

Economics is one of the most debated subjects in the world. And that is why it is an umbrella covering different subjects. In the article, we look at microeconomics. It seeks to offer an essential understanding of microeconomics to those who have not studied and a revision opportunity to those who have.What is Microeconomics?Many people w...

2070 Words / Jun 17, 2020 / 5 Pages

Perfect competition is a thought of microeconomics that looks at a market system where market forces have a monopolistic control. As long as these forces are met, the market is said to be in perfect competition. But, there has been no market that clearly defines ideal competition. In the real world, getting forces that work in perfect control is...

1986 Words / Jun 17, 2020 / 4 Pages

During the Great Recession in the period of 2008/2009, many families around the world faced very difficult times. In many countries, people lost their jobs. Even in the developed nation where unemployment compensation offered a shield, families still struggled with many things. With decrease income, for instance, many had to make tough spending...

1980 Words / Jun 18, 2020 / 4 Pages

In the previous section, we discussed the behavior of the demand curve and how consumers make decisions about what they should buy or leave. We looked at how different factors, including financial, constrains can affect consumer decisions. In the article, we shall be focusing on the underlying behaviors of specific producers using the supply cur...

2027 Words / Jun 18, 2020 / 5 Pages

There has been an increase in research on economic fluctuations and growth. Every nation seeks to get the best from the economy. Hence, they will do everything to ensure a stable and sustainable economic growth. However, sometimes things don’t just happen as we expect. Chances of facing economic fluctuations are always present.Over the...

2052 Words / Jun 25, 2020 / 5 Pages

Towards the end of 2007 and through 2008, the world economy went through a severe sock that brought many markets to a standstill. And for those trying to interpret trends, challenges, and opportunities, this may be a good opportunity for them. Every nation in the world has concerns about their economies, and they set in place laws that keep thin...

2044 Words / Jun 26, 2020 / 5 Pages

No one can deny that the world economy is on a constant change, which compels us to look at economic cycles from a more serious perspective than ever. Today, we are existing in a time of economic reforms that pivot the need for further studies in the impact of economic policy on society. Since the economy greatly affects the forward propulsion o...

2015 Words / Jun 26, 2020 / 5 Pages

A nation, and indeed the world's economy depends on various factors. But before these factors are put into consideration, it is vital to first look at what economic development is all about. In many instances, people who refer to economic development are often thinking about economic growth. While the two terms are used interchangeably...

1982 Words / Jun 30, 2020 / 4 Pages

For an economy to thrive, there is a need for the three most important aspects – consumer, firm, and the markets – to coexist in perfect order. It is not normal that one will be superior to another, or where one can be better than the other. Decisions made by one affects all the others—the theory of microeconomy of built on the principles...

2019 Words / Jun 30, 2020 / 5 Pages

There is no denying that economic activities are, to a great extent, determined by the financial industry. Hence, money can be seen as the main aspect of economic growth and sustainable development. During the 2007/2008 Great Depression, the world was hit by one of the worst economic failures, where some markets totally failed while others came...

2016 Words / Jul 09, 2020 / 5 Pages

We are all faced by different levels and types of decisions in our life, which, by default, affects other aspects of life, in this case, the economy. Decisions made by households can greatly impact economic growth and development. For instance, if several households decide to consume more and less, they can create opportunities for employment, i...

2017 Words / Jul 09, 2020 / 5 Pages

When things are going well in the economic cycle, people enjoy the boom because commodities are there in plenty, and consumers have the capacity to purchases everything they want, or at least most of them. But this situation does not last forever, sooner or later, it reaches a point where no more expansion is possible. And, like an elastic belt,...

2063 Words / Jul 10, 2020 / 5 Pages

One of the foundations of studying macroeconomics is understanding national income. Every country has to give an account of its economic growth and development. And this can only happen if there are proper records of investors, from within and without, and their contribution to the current state of things. In other words, it is important to cons...

2000 Words / Jul 10, 2020 / 4 Pages

Consumption and investment have always been a significant part of economic development. Together, they account for about 80% of GDP in the US and a similar share in the GNP of many other major economies. It is, therefore, vital to understand consumption and investment behaviors in response to these components, and as the effect changes on income...

2030 Words / Jul 13, 2020 / 5 Pages

The world monetary system has always been swinging between two conflicting ideas since the fall of the Bretton Woods architecture. Back then, the system worked as a single unit, where everything seemed to move in the same direction. And for the past several decades, the more powerful idealism that holds on the concept of flexible exchange rates...

2011 Words / Jul 20, 2020 / 5 Pages

The "first age of globalization" came in 1816, from the outbreak of the First World War, and lasted until 1914. During this period, the world enjoyed a well-coordinated financial order. Monetary unions that existed helped member countries to accept currencies from other countries as legal tenders. Then, unions like the Latin Monetary Union and t...

2009 Words / Jul 21, 2020 / 5 Pages

Unemployment and inflation are two of the most critical aspects of an economy. This is why many governments put in place monetary and fiscal policies, mostly to handle these two issues. But the main one of unemployment, which even affects inflation. All countries across the world face this issue. And for many years, especially since...

1992 Words / Jul 21, 2020 / 4 Pages

Students enrolled in the economic and business studies taking a basic course in macroeconomics will come across statistics, probability, and data. This is important because making business decisions for investment other processes requires reliable data. Before opening a business anywhere, one has to carry out market research, which may involve u...

1993 Words / Jul 22, 2020 / 4 Pages

Statistics and probability are the most applicable methods for analyzing data in economics. And the likelihood is perhaps the most important analytic tool that describes any system where uncertainties are involved, whereas statistics offer a mathematical foundation in modeling situations that involve uncertainty. Probability helps economists cho...

2010 Words / Jul 22, 2020 / 5 Pages

In life, we all want to get the best from everything we do without having the spend too much. Both consumers and producers expect the market to be perfect so that demand and supply are all at the same level. This way, consumers will get enough goods while producers will make enough profit to incentivize the production of more goods and services....

2057 Words / Jul 30, 2020 / 5 Pages

One thing that makes us human is that we cannot exist without interacting with one another. Sometimes, it may seem like we have always found a way to survive, even with these interactions. Our economic structures and development call for these interactions because there would be no production or exchange if there is no understanding between indi...

2017 Words / Jul 30, 2020 / 5 Pages

Why do companies market? And why is it very crucial for them to capture the attention of their customers? We have seen in many situations where businesses invest huge amounts of money in their market strategies because they want to get the best profits out. In economics, marketing is an applied science that seeks to explain and impact how firms...

2094 Words / Jul 31, 2020 / 5 Pages

Data is a vital asset to modern economics. Whether you are a consumer or a producer, you need data to make informed decisions. At work, you will need to make a data-driven decision to present more accurate information about the task you may be working on. And it is through stored data that we get to know about the economies of the past and relat...

2037 Words / Jul 31, 2020 / 5 Pages

Economics is a vast subject, and there are some subtopics that many people don’t really understand – econometrics is one of them. As much as economics is part of our modern daily life, many people look at it very shallowly. But there is more to it than just knowing where world economies are heading to and what should be done in case of an is...

1988 Words / Aug 03, 2020 / 4 Pages

If businesses were operating in a perfect environment, there would be no reason to worry about recessions and failures. A perfect business environment is where all the necessary requirements are met, and there is an equilibrium between supply and consumption. In such an environment, there is not monogamy, and no firm has the incentive to alter t...

2001 Words / Aug 07, 2020 / 5 Pages

The information economy is sometimes also known as the 'knowledge economy,' the 'new economy,' 'network economy,' and the economy of information. It is a situation where productivity and competitiveness of parts or agents within an economy depend on mon their ability to generate, process, and apply information effic...

2019 Words / Aug 07, 2020 / 5 Pages

Households always make decisions. It could be from individuals or influenced by several family members, and these decisions have a huge impact on the economy. Governments use consumer activities as part of expressing the national GDP. Hence, anything that households do is monitored by economic experts who encourage more spending than saving. If...

2027 Words / Aug 10, 2020 / 5 Pages

It is hard to imagine describing the economy without the involvement of consumers, especially the household consumer. There has been so much economic growth and development over the past few years, of which most are attributed to household consumptions. We all need certain goods and services in our homes, which come from firms. It is these firms...

1993 Words / Aug 10, 2020 / 4 Pages

Economic studies take different shapes across the world. However, when talking about the world economy, there are certain aspects that make everything seem like one. It is very difficult to fully understand the economy by simply looking at it from one point of view. Consumer decisions, as well as firm marketing decisions. We all have to make dec...

2014 Words / Aug 11, 2020 / 5 Pages

Economic data, also economic statistics mean data the describes the actual economy through history. This type of data is found in a time-series format. In other words, it covers more than a single period; for instance, the monthly rate of unemployment for the past ten years. It can also be represented as cross-sectional, as in the consumption an...

2052 Words / Aug 18, 2020 / 5 Pages

Economics is one of the widest studies subjects in the world. And since the world revolves around economic growth and development, it becomes apparent that the subjects her dipper roots with humanity are more than just the markets. Without economic studies, it is hard to imagine where the world be in terms of general human living standards....

1992 Words / Aug 18, 2020 / 4 Pages

There would be no econometrics without the existence of data. It is data that helps econometricians to make useful decisions. In any case, each one of us is faced with decision-making issues. And since human beings are rational beings, they need to see proof that something is more beneficial than the other before settling on it. In other words,...

2009 Words / Aug 19, 2020 / 5 Pages

Consider an architect who is looking to build a major office building somewhere in a city. To get the right plan and follow to the latter, they may consider building a physical model that sits on top of the table to show how the entire block will appear at the end of the project. This model is drawn to scale and can be opened up to show both the...

2063 Words / Aug 20, 2020 / 5 Pages

It is hard to imagine an economy without econometrics. Economic studies and decisions all depend on data for the best outcome. After all, human beings, and indeed, the whole world is rational. Without data and information, there is no way they can make decisions. In this case, both firms and individuals are faced with decision making challenges...

2006 Words / Aug 20, 2020 / 5 Pages

The interaction between borrowing constraints, asset prices, and aggregate production has always been linked to the financial sector's performance. When things are going on well, and the market is stable, it becomes much easier to look at the existing condition where borrowers and lenders interact. Despite the global financial market being...

2008 Words / Aug 28, 2020 / 5 Pages

It is natural for human beings to draw conclusions and link them to something else. And in economics, both consumers and manufacturers are seen as decision-makers who rely on certain conditions to take specific directions. It is always assumed that one thing leads to the liking or disliking of the other.Identification and causal inference...

1999 Words / Aug 31, 2020 / 4 Pages

Econometrics is one of the major subjects in the study of economics. It is a subject that deals with the measurement of economic relationships. In other words, econometrics is the link between economics, mathematical economics, and statistics. It aims at offering numerical values to the parameters of economic relationships. Economists use theori...

2010 Words / Aug 31, 2020 / 5 Pages

We cannot dispute the fact that markets have come a long way in terms of expertise. Today, there is so much knowledge in the world that getting anything you want is incredibly easy. There is more information, too, with the emergence of internet technology and living in the information era. The digital realm makes things real and up-to-date. Ther...

2030 Words / Sep 01, 2020 / 5 Pages

It was the global economic crisis, which led to the Great Recession of 2008 that opened the world to the importance of housing markets in the overall economic performance. There were already indications that the housing industry had a major impact on the economy, but it was not clear. Lenders had become more flexible lending terms considering th...

1979 Words / Sep 01, 2020 / 4 Pages

We always have to make decisions under uncertain conditions. For instance, pursuing a degree in economics may lead to employment with a large company, or unemployment and leave with crushing debt. Or a doctor's appointment may lead to early detection and treatment of serious diseases, or it could bet a total waste of money. Getting a job in...

1995 Words / Sep 14, 2020 / 4 Pages

Students taking economics at higher levels of education should understand public policy and what it represents. It is one of the most important topics, as it leads one to understand why and how governments make certain policies. When there is an issue within an economy, say a high inflation rate or a depression, the government comes up with diff...

1989 Words / Sep 14, 2020 / 4 Pages

We have all faced situations where we don't want what to expect in the future, yet we need to make impactful decisions. Decision-making is one of the most important aspects of any economy. Consumers and producers, firms, and households are all faced with a decision-making dilemma on a daily basis. It is one thing to make just any decision a...

1996 Words / Sep 16, 2020 / 4 Pages

Public policy is usually seen as the specific behavior of some actor(s). It could be an official, or a government agency, or a legislator, in an aspect of activity like a public enterprise or poverty alleviation. The study of public policy has become one of the main subjects of studies in the modern world. It covers w wide range of studies, incl...

2025 Words / Sep 16, 2020 / 5 Pages

Everyone makes decisions on a daily basis. Be it a personal group; we must make them in one way or another. How we make these decisions matters a lot, and it is a wide subject of study in the modern economy. When consumers decide to spend more and save less, it leads to positive growth of the economy, and if they decide to spend less, it can lea...

1986 Words / Sep 17, 2020 / 4 Pages

We have all been in an auction situation, or have an idea of what it means. In economics, this is one of the main subjects of study that give many people a really hard time understanding. It may seem as easy as buying and selling of goods through bidding, but there is so much that needs proper understanding. As an economics student, you will be...

2011 Words / Sep 23, 2020 / 5 Pages

Actions and game theory are closely related. This is why many studies concerning any of them touch the other. When people talk about winning and losing, they don't always realize the economic impact of these terms, and this is where auctions may fit perfectly. An action is defined as a mechanism in which potential buyers submit to messages,...

2026 Words / Sep 23, 2020 / 5 Pages

Basics of game theoryThe game theory is one of the major models used in defining modern economic activities. When creating systems for organization, it is usually to structure social interactions that lead to social order and desirable outcomes. For this to be realized, there is a need for a framework for mentally approaching system design for h...

2009 Words / Sep 24, 2020 / 5 Pages

Market risk can be defined as the volatility in market price assets. There is the involvement of exposure to movements in the market level of financial variables. The insurance market is one of the financial institutions that face a lot of risks. When financial variables such as stock prices, interest, or commodity prices change, they come with...

1987 Words / Sep 24, 2020 / 4 Pages

Moral hazard and adverse selection are terms used in economics, risk management, and insurance to mean situations where one party is disadvantaged by the result of another party's behavior. Humans are described as social beings because everything we do affects other people around us. It is our interactions that make the world move. And when...

2029 Words / Sep 25, 2020 / 5 Pages

Major economic activities that lead to growth and development are defined by the strength of the markets that operate within it. This is because markets have the biggest role to play in these economies. When a single firm makes a decision, it may not have much impact on the general economy. But when many companies within a market setup make a de...

2007 Words / Sep 25, 2020 / 5 Pages

Is social media marketing the end of advertising, or is the rebirth? Perhaps, social media is merely a thing of the moment, and it will soon burn out following over saturation. The current trend in the use of social media for business is quite alarming. It seems no business can make it on the modern market without a good connection with the inte...

2018 Words / Sep 28, 2020 / 5 Pages

People always make decisions. And these decisions have a great impact on how we live. This means we can never avoid making decisions because it is part of who we are. Many economic experts assume that consumers are rational decision-makers. They always have to consider the best possible outcome before making the decision to but of certain consum...

1960 Words / Oct 01, 2020 / 4 Pages

Every corporation follows a standard setup procedure. Those who wish to start a small business mostly means the buck starts and stops with them. However, organizations strive to attract and keep qualified employees. This is where organizational hierarchy comes in. Communication is a key factor in the growth and development of a corporation. Thos...

1974 Words / Oct 02, 2020 / 4 Pages

Judge Richard A. Posner, in his work "Essays In Law And Economics (1989) says "To me, the most interesting aspect of the law and economics movements have ben its aspiration to place the study of law on a scientific basis, which coherent theory, precise hypotheses deduced from the theory and empirical tests of the hypotheses. Law is a social inst...

2000 Words / Oct 02, 2020 / 4 Pages

Utilitarianism can be best seen as the "conscious reflection on our moral beliefs with a goal of making better, extending or refining the beliefs in the same way." Human beings live in a society that is defined by their moral obligations, and Kantian moral theory and Utilitarianism are the two theories that attempt one to define this nature of h...

2020 Words / Oct 08, 2020 / 5 Pages

When it comes to the growth and development of any company, effective communication is at the center of everything. If a company produces or offers a specific type of goods or services, but they are not able to get the message to the targeted market, it becomes very hard for it to grow, and they can only do this through effective communication....

2016 Words / Oct 08, 2020 / 5 Pages

Deontology and Utilitarianism theory can be simply defined as the idea of the moral quality of an act based on its utility. It focuses on the maximization of utility and minimization of bad utility. It’s feeling minus pain. Deontology is a concept that was established by Immanuel Kant (1724 – 1804), a German philosopher. It implies duty, or...

2063 Words / Oct 09, 2020 / 5 Pages

In the developing world of high competition, companies must find different ways of staying on top of the game. In a perfect market, firms would not struggle to gain to positions. There is a perfect flow of information with both consumers and producers well informed of everything happening within the markets. The interaction between consumers and...

1991 Words / Oct 09, 2020 / 4 Pages

 We live in a society where law and order must be observed. And this extends all the way into economic applications. Economic analysis of law, or simply law and economics, is one of the biggest economics and law subjects. It has become a major and very important field, especially for law students. The movement concerned with law and economi...

2005 Words / Oct 12, 2020 / 5 Pages

Mergers and acquisitions (M&As) are popular tools in the modern markets used by companies to achieve different objectives. And these tools largely affect the employees of the said organization at different levels as they must try to integrate into one. Mergers are very popular across the business realm and have been on the ground for many ye...

2004 Words / Oct 12, 2020 / 5 Pages

Law and economics are a wide subject of study. Scholars in this field have found a lot of areas where the law is useful in explaining economics and vice versa. And even the field is more useful to a student of law; economic students cannot complete their studies for higher learning institutions without looking at laws that apply to economics. In...

2029 Words / Oct 13, 2020 / 5 Pages

Human beings are naturally social. We have to make decisions every day, which affects the people around us. If we don’t make these decisions, it becomes hard to live life as we are expected to, making it harder to continue with other things that make life meaningful. And there is a common concept in life, that choices have consequences, which...

1994 Words / Oct 13, 2020 / 4 Pages

Economics and law are one of the subjects that have found a lot of traction in the modern economic and law studies. There are many areas where these two subjects meet and which are used as the basic examples of creating a general idea of society and relationships. On one side, we have economics, which is the backbone of development in a society,...

2005 Words / Oct 15, 2020 / 5 Pages

Microeconomic studies on wages are not new in modern economies. They have become crucial in understanding how much firms should pay their employees and what employees should expect. Such studies concerning the degree of wage rigidity mostly focus on employees' wages in current relationships. The labor allocation theory states that there is...

1983 Words / Oct 20, 2020 / 4 Pages

 Human capital is one of the most important investments a company needs to make. It is intangible assets that are not listed in the balance sheet of a company. Hence, it can easily be seen as the economic value of a worker's experience and skills. When a firm has a good team of employees to work with, they can easily get the best produ...

1986 Words / Oct 20, 2020 / 4 Pages

Economic growth and development are one of the main concerns for the global society. And there are different factors that determine how good of poor an economy is, among them the unemployment rate. Whenever the subject of economic growth and development comes up, unemployment is always one of the main problems causing negative growth. During an...

1968 Words / Oct 21, 2020 / 4 Pages

The economic theory of consumption highlights scarcity as one of the main determinants of decision making among consumers. In the same manner, firms make decisions to increase on reduces prices, among other decisions based on the current market incentives. In both situations, it all comes down to decisions that must be made in the decision-maker...

2023 Words / Oct 21, 2020 / 5 Pages

Economics is a wide subject that deals with more than just how the country is developing in terms of income. It is a wide subject that touches a lot of areas, one of them is out environment. Hence, economic studies require that people also consider the importance of conserving the environment. Several issues are addressed under this subject, mai...

2026 Words / Oct 26, 2020 / 5 Pages

In economics, one of the main areas of study is environmental economics. Economic scholars and experts have established that there is a direct link between economic development and the environment. It is believed that economic development has a negative impact on the natural ecology, leading to the loss of ecological systems.We live in a...

2009 Words / Oct 27, 2020 / 5 Pages

Environmental economics is one of the most important subjects of study in economics and sustainable development. Economists across the world agree that there is a direct relationship between economic development and the environment. It is noted that economic activities have the largest impact on the environment and vice versa. For instance, when...

1984 Words / Oct 28, 2020 / 4 Pages

It is hard to describe and fully understand economics without looking at the labor market. The job market is the supply and demand for labor, where employees are suppliers, and employers demand. This a major component of any economy, and it is linked to the main markets of capital, goods, and services. It is crucial to economic development becau...

2026 Words / Oct 29, 2020 / 5 Pages

We know that discrimination is something that happens to many people in life. You may have heard about social discrimination, where certain people of social standing are not allowed to mingle with others from a different social background. For instance, being a female head of household or belonging to the racial minority group may increase one&#...

1979 Words / Nov 12, 2020 / 4 Pages

Insurance is a way firms and households use to protect themselves from facing detrimental financial effect. We live in a world of uncertainty where anything can happen unexpectedly. For instance, a person can get involved in a car accident on time when they don’t have enough money to pay for the damages. Accidents don’t announce when they co...

2034 Words / Nov 13, 2020 / 5 Pages

We have been looking at the labor market in the past few lessons. In this article, we are focusing on unions. The labor market plays the biggest role in the growth and development of markets. It ensures there is a proper supply of labor within economies. The rate of unemployment measures how much an economy is developed. This is why the governme...

1997 Words / Nov 16, 2020 / 4 Pages

The labor market is the biggest market in any economy. Forget supply and demand; if there is no labor, then such an economy has no future. Besides, it is the only market that is found in every other market. So, what is the labor market exactly? One may ask. The labor market is simply the market that provides workers for all production lines. For...

1976 Words / Nov 17, 2020 / 4 Pages

Information is key to the growth and development of economies as it leads to better working conditions. If a company has proper information, they have the advantage of performing better than others. In a perfect competition economy, information is freely available to all players, who don't have to hide. Consumers know the features and price...

2021 Words / Nov 18, 2020 / 5 Pages

The Global Monitoring report has always looked at major demographic shifts that have been shaping economic growth and development. For years, shifts in the world's demographics have always been a major aspect of general economic growth. The population problem is not a new one for many people, and definitely not one that can be taken lightly...

1977 Words / Feb 02, 2021 / 4 Pages

Demographics have been on the list of most economic discussions for a very long time. The problem of population is not a new one, especially with economic scholars. Since economic deals with human interaction with natural resources, it's vital to understand the population's role across the global market. And it would not be possible to...

1999 Words / Feb 09, 2021 / 4 Pages

Population has become one of the main subjects for economic studies today. It is main parameters that determine economic growth. The world's population has been on a steady increase over the past few years. Before the technological advancement being witnessed in the medical field, the mortality rate was very high, which affected the world&#...

2005 Words / Feb 15, 2021 / 5 Pages

It is important to know if a species is heading to the extinction of how much of it is being reproduced. And this is why the economics of the population problem has become a major subject of study today. Demographics is a subject in economics that helps us to understand the size, status, and behavior of populations. When a government wants to de...

1970 Words / Feb 23, 2021 / 4 Pages

Economics uses a lot of worldly things to determine the growth of a society. Population is one of the main factors that contribute to growth and sustenance in an economy. Ever growing needs for human existence and survival relies largely on the availability of natural resources. Economic theories state that human needs are unlimited, while the r...

1965 Words / Mar 06, 2021 / 4 Pages