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Business Environment

Introduction Economics is the study of how individuals in the society choose to use resources. Resources include land, time, buildings and individual talent. The study of economics leads to the attainment of knowledge of how to improve our lives. ...


Economic Value Added

Economic Value Added, or simple EVA is the measure of the financial performance of the company that is based on calculation related to residual wealth and deduction capital cost from its operating profit (taxes adjustment on a cash basis) ...


Economics in the Information Age

This paper critically analyzes the article “Information economics and the Internet” written by Enrico Coiera (2000) relating the specificity of the information goods market. Detailed analysis of the differences between information goods ...


Economics of the European Union

Completion of the Economic and Monetary Union (EMU) and the introduction of a single currency in Western Europe are one of the most significant events in the world economy at the turn of the century, which certainly had a major impact on both the ...


History of the American Economy

The Great Depression remains one of the most tragic and most crucial events in the history of the American economy. The end of the 1920s and the beginning of the 1930s were a good test to the effectiveness of the economic policy decisions in ...


Impacts of Global Competition

The current business world is characterized by a small business distance between the producers and the consumers. Globalization of the market plays a major role in creating this effect (Young, 2011, p. 2). This phenomenon has opened up markets ...


Labor Unions

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Market Equilibration Process Paper

Free market economy is an economy of an efficient market, in which the vast majority of the largest part of economic activity is organized by private individuals, entrepreneurs, for personal gain. (Kates, 2011). These private individuals are not in ...


Sources of Income in Abu Dhabi

Introduction Sources of Income and Patterns of Expenditure in the US Sources of revenue of the US federal government are less versatile than one would expect. The share of tax revenues in the overall budget of the country fluctuates at the level of ...


The Practicality of Economics in our Daily lives

Introduction Economics is the study of the distribution of scarce resources to satisfy unlimited wants. It deals with the allocation of various resources to different economic units and the relationship between these units. Economics is highly ...


World Trade Organization

Introduction World Trade Organization (WTO) was established in 1995. It is a worldwide organization, which aims at the regulation of the international trading processes. Despite its small age, WTO has managed to make a great contribution in the ...


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