Economics Essay Examples and Topics. Page 2

5,645 samples

Impact of F1 Grand Prix on the Economies of Hosting Countries

This chapter is dedicated to a background research of the subject under discussion, the Impact of F1 Grand Prix on the economies of hosting countries, the research motivations, and specific research questions will also be [...]
  • Subjects: Big Economic Issues
  • Pages: 35
  • Words: 9747

Roles of International Financial Institutions Essay

This paper is a discussion of the roles played by the International Financial Institutions in their mandate to assist by collaborating with the private sectors in pursuit for adjusting the techniques to suit the required [...]
  • 4.4
  • Subjects: Finance
  • Pages: 4
  • Words: 1267

Why Investors Should Invest in Starbucks

One of the main reasons why investors should invest in Starbucks is to own part of a business that has adopted drive-thru services which raises the finance of the company.
  • Subjects: Investment
  • Pages: 4
  • Words: 1137

Strategic Bargaining in Managerial Economics

The bargaining party with the most leverage stands to gain a 75% advantage from the negotiations if they choose to commit to a strategy in a "game of chicken".
  • Subjects: Economic Systems & Principles
  • Pages: 1
  • Words: 302

Financial Analysis of British American Tobacco

The following report is the financial analysis of BAT International Company in the form of ratio analysis for the three most recent financial years.
  • Subjects: Financial Reporting
  • Pages: 5
  • Words: 1501

Pat Buchanan and Ralph Nader: Agreements on NAFTA

Pat Buchanan who represents the conservative wing of the US political spectrum argues that free trade within the frames of the WTO and NAFTA is a reason for a significant trade deficit in the country.
  • Subjects: International Trade Policy
  • Pages: 2
  • Words: 555

Coffee Demand & Supply in the United Arab Emirates

According to the Al Hilal Group, the UAE coffee market is set to grow by approximately 30% in the next five years buoyed by the increased dominance of the UAE as a key supply point [...]
  • Subjects: Microeconomics
  • Pages: 8
  • Words: 2284

Strange’s Study of Power in International Political Economy

The following paper will discuss and cover Susan Strange's contribution to the study of power in International Political Economy to evaluate and demonstrate the scholar's viewpoints and statements as to the given theme.
  • Subjects: Influences on Political Economy
  • Pages: 12
  • Words: 3404

Protectionism in International Trade

Protectionism refers to policy agendas, which aim to increase the number of tariffs and subsidies that governments use to prevent or minimise trades or exploitation that result from free trade in the international market.
  • Subjects: International Trade Policy
  • Pages: 10
  • Words: 2798

Business Environment in India

In 1948, the enactment of the Industrial Policy gave the government even more strength, since it now had the power to monopolize the energy industry, the transport industry, the mining of iron and steel, telecommunication [...]
  • Subjects: Investment
  • Pages: 11
  • Words: 3267

Monopoly as a Market Structure

First are the natural monopolies which occur due to the fact that only the firm is able to access resources used in the production of the final product. Therefore, the equation TR=P*Q is represented by [...]
  • Subjects: Microeconomics
  • Pages: 4
  • Words: 534

Problems of Globalization Process

Many problems of the contemporary world, from poverty to environmental degradation, are casually linked to the process of globalization Globalisation refers to the increased awareness among nations of the world.
  • Subjects: Globalization
  • Pages: 4
  • Words: 1127

The Globalization Influence on Dubai

The three facets of globalization taken into account in this report are trade, movement of people, and capital movements and their effects on the people of Dubai because they often impact a region's economy and [...]
  • Subjects: Globalization
  • Pages: 3
  • Words: 816

Advantages and Disadvantages of Buying a Home

The primary factor to consider is the cost of buying versus the rent expenditure incurred. In this case, the recent increase in charges associated with homes and higher mortgage levels have resulted in minimal costs [...]
  • Subjects: Housing
  • Pages: 1
  • Words: 306

Sustainable Economic Development

Sustainable economic development entails the ability of the present human beings to meet their needs with the available resources without trashing the ability of the future generations from doing the same.
  • Subjects: Economic Systems & Principles
  • Pages: 3
  • Words: 915

Supply and Demand in U. A. E.

Although the supply seems to meet the demand, the demand is constantly increasing, and the property begins to be reduced in supply as a large number of investors purchase the property.
  • 3
  • Subjects: Microeconomics
  • Pages: 8
  • Words: 2151

Does Money Buy Happiness?

Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.
  • 5
  • Subjects: Microeconomics
  • Pages: 4
  • Words: 1165

“International Business” by Charles W. L. Hill

Having read quite extensively about this theory, I must confess that I am in concurrence with most of the views expressed about about the effects of licensing and impacts of multinationals in FDI but I [...]
  • Subjects: Trade
  • Pages: 5
  • Words: 1285

Basics of Microeconomics and Macroeconomics

GDP is equal to all expenses of all goods and services produced in a country, equal to the total of value-added during the production of the goods and services by all industries within a country [...]
  • Subjects: Economic Theories
  • Pages: 4
  • Words: 1327

The Procter & Gamble Company: Investment Analysis

The recommendation regarding Procter & Gamble's stocks is to hold the shares of the company while being oriented toward the price target is $98 in the next 12 months in contrast to the current price [...]
  • Subjects: Investment
  • Pages: 9
  • Words: 2436

The Poland Economy’ PEST Analysis

Poland is the 23rd largest economy in the world. The major challenge affecting the country is the high rate of unemployment.
  • Subjects: Economic Development
  • Pages: 2
  • Words: 586

Energy Crisis in Pakistan

At the present moment, the most common source of energy that is used in the world is electricity. In 2010, violent protests emerged in several parts of the nation, especially major cities of Pakistan in [...]
  • Subjects: Economic Systems & Principles
  • Pages: 7
  • Words: 1961

Impact of World Financial Crisis on the UAE Economy

The decline in economic growth was reflected in the significant reduction in the country's GDP. However, the profitability and growth of the sector reduced substantially in 2009 due to the following factors.
  • Subjects: Finance
  • Pages: 6
  • Words: 1623

The U.S. Economy

It is paramount to note that despite the recovery that is being recorded in various sectors of the American economy, the figures are still very low compared to the drop that took place. The policy [...]
  • Subjects: Economic Systems & Principles
  • Pages: 2
  • Words: 441

The Travels of a T-Shirt in the Global Economy

The Travels of a T-shirt in the Global Economy focuses on the impact of globalization and free trade. The farmers of the United States are subsidized by the government, and the American textile industries are [...]
  • 5
  • Subjects: Fair Trade
  • Pages: 5
  • Words: 1408

Censuses: Their Importance and Challenges

The population census is a component and integral part of the national statistical system of the country, the primary source of data on the population and its living conditions.
  • Subjects: Economic Concepts
  • Pages: 1
  • Words: 294

Vodafone Plc Financial Analysis

This paper has analyzed the financial reports of the company, compared it with its peers, and evaluated the risks of investing in Vodafone Plc.
  • Subjects: Financial Reporting
  • Pages: 10
  • Words: 2724

Why You Should to Invest?

Considering the liquidity of money and changes in global economies, future investments are one of the surest ways of ensuring the economic sustainability of individuals or organizations.
  • Subjects: Investment
  • Pages: 3
  • Words: 867

Buying a New House: Decision Making

In addition to these it is better to consider the benefits that come by acquiring the product and the best alternatives that are available.
  • Subjects: Housing
  • Pages: 9
  • Words: 2348

Will Globalization Help Thailand Improve Its Economy?

In this respect, the idea of globalization in a particular nation must be looked at from its broad perspective, taking into consideration the merits and demerits and its impact on the economy of a country.
  • Subjects: Globalization
  • Pages: 3
  • Words: 813

Keynesian Theory of Unemployment

This brings to the conclusion that during such times the government should implement policies that are aimed at increasing aggregate demand According to Robert the, policies which the government may implement in order to reduce [...]
  • Subjects: Inflation
  • Pages: 4
  • Words: 997

Market Failures and Their Reasons

The use of natural resources at a rate higher than nature's capacity to restore itself will result in the pollution of air, water, and land.from the standpoint of the environmental crisis.
  • Subjects: Microeconomics
  • Pages: 7
  • Words: 2050

Neo-Classical Economics and Ecological Economics

It looks at all factors that form a part of the society as a whole and that which decides on the overall development of the economics as well as the environment.
  • Subjects: Economic Concepts
  • Pages: 3
  • Words: 920

Minimum Wages and Its Effects on the Hospitality Industry

The main benefit of growth of the minimum wage for the employees of the hospitality industry is related to the improved quality of life and broadened opportunities for buying services and goods.
  • Subjects: Economic Concepts
  • Pages: 8
  • Words: 2219

Baskin-Robbins Competition

The leader of the international ice-cream market, Baskin-Robbins is faced with numerous challenges. The premium ice-cream sector is growing, too: in the United States alone, dozens of ice-cream producers are trying to beat Baskin-Robbins and [...]
  • Subjects: Globalization
  • Pages: 2
  • Words: 608

Schumpeter’s Innovation Theory

Schumpeter's theory provides that the leading role of an entrepreneur in the economic field is the introduction of innovations from which the reward is gaining profits.
  • Subjects: Economic Theories
  • Pages: 4
  • Words: 1007

Simple Interest and Simple Discount Notes

Therefore, it is prudent to note that factors such as time, amount of principal, and other banking policies determine the rate at which businessmen calculate interest on their investments.
  • Subjects: Investment
  • Pages: 2
  • Words: 560

What is the Global Phenomenon: Discussion

Thus, it cannot be denied that economic globalization and its institutions that promote it, like the North American Free Trade Agreement, the World Bank, the International Monetary Fund, and the World Trade Organization, only promoted [...]
  • Subjects: Globalization
  • Pages: 9
  • Words: 2341

The Value of a Customer Complaint

However, a complaint is one of the ways for the customer to inform the business on how to continue developing. Complaints are an efficient and effective way to inform the business that it has a [...]
  • Subjects: Consumer Science
  • Pages: 2
  • Words: 645

“Live for Today, Save for Tomorrow” by Carla Fried

The article postulate that for individuals to get such benefits need to have made significant savings by the time they attain age 60, and they also need to commit themselves to work past their early [...]
  • Subjects: Finance
  • Pages: 2
  • Words: 599

The Manufacturing of Household Items

A similar search of the origin of the Getwear products that the researcher outlined in the list above indicates that most of Getwear products do not originate from Scotland, which is the headquarter of the [...]
  • Subjects: Economic Systems & Principles
  • Pages: 4
  • Words: 1102

National Differences in Political Economy

However, this aspect is different in various nations due to policy differential and the level of compliance with the law. Hence, a country's level of economic development is affected by political and legal decisions.
  • 3
  • Subjects: Economic Systems & Principles
  • Pages: 2
  • Words: 575

Entering New Markets: McDonald’s International Strategy

Analyzing the data relating to McDonald's expansion over the years, a trend is deduced whereby the fast food company experiences a lot of growth in markets which it has been operating for a long time; [...]
  • Subjects: Trade
  • Pages: 10
  • Words: 2778

International Expansion: India vs. Thailand

In conclusion, the core recommendation for the US-based business of interest is to choose Thailand for its opening manufacturing facility. The regulations and enforcement of essential laws are better in Thailand, which will better resonate [...]
  • Subjects: Political Economy Processes
  • Pages: 2
  • Words: 590

Should America Keep Paper Money

It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
  • Subjects: Economic Theories
  • Pages: 4
  • Words: 1139

The Economical System in Islam

Islam recognizes that humans must undertake various economic activities to survive in a competitive society where resources are limited.
  • 5
  • Subjects: Economic Systems & Principles
  • Pages: 20
  • Words: 2582

Caledonia Products Integrative Problem

Factually, this project is very profitable for the company but if these profits are not justified, the company fails as far as not every company can afford the spending for this project.
  • Subjects: Finance
  • Pages: 2
  • Words: 565

International Business in India: PEST Analysis

International business has the potential to support the Gross Domestic Product of every country. Towards the end of the 20th century, the country began to embrace new economic practices.
  • Subjects: Investment
  • Pages: 5
  • Words: 1393

Political Globalization in India

India became part of globalization after the economy of the country opened up to the rest of the world in the early 90s as a result of the financial crisis.
  • Subjects: Globalization
  • Pages: 7
  • Words: 1976

Time Value of Money

Compounding was done on the amount that I had lent out using the market rate over the duration of time the person held my money.
  • Subjects: Regulation of Finance
  • Pages: 2
  • Words: 552

Challenges of Developing Economies

These include agreements by developed countries to provide aid to the developing nations, urging the developing economies to open up their economies for international trade and signing of agreements to allow preference of imports from [...]
  • Subjects: Economic Problems
  • Pages: 7
  • Words: 2020

Are Profits The Only Business Of Business?

He emphasize that the sole purpose of a business is to make profit and the government is the one to be concerned with social responsibilities.
  • Subjects: Economic Systems & Principles
  • Pages: 5
  • Words: 1661

Islamic Banking

The involvement of institutions and government led to the application of theory to practice and resulted in the establishment of the Islamic banks".
  • Subjects: Finance
  • Pages: 31
  • Words: 8682

Economic Instability and Its Main Causes

Interest rates control inflation, such that when the rates drop, a lot of money is injected into the economy causing prices of goods and services to rise.
  • Subjects: Big Economic Issues
  • Pages: 2
  • Words: 551

Responsible Consumption and Production

Encouraging industries, enterprises, and consumers to implement recycling and waste reduction and the principles of a cyclical economy is one of the main necessary changes that can have a significant impact on society as a [...]
  • Subjects: Big Economic Issues
  • Pages: 2
  • Words: 508

The Downfall of Today’s Economy

If the economic growth of UK and US since 2000 is studies, we see that there are definite indications of a slowdown in the economic growth but the warning bells do not indicate a recessionary [...]
  • Subjects: Macroeconomics
  • Pages: 2
  • Words: 758

The Global Economic Crisis

My view is that the great depression of the 1930s could be excused because the globe was just coming to form the repercussions of the First World War, and again the Second World War was [...]
  • Subjects: Economic Problems
  • Pages: 7
  • Words: 2156

Traditional Versus Modern Banking Essay

Traditional banking is characterized by the application of strict regulations, while modern banking is differentiated by the introduction of new laws that resulted in the deregulation of key aspects of the banking industry.
  • 5
  • Subjects: Banking Analysis
  • Pages: 3
  • Words: 890

Unemployment in Sweden: Causes and Solutions

This research looks at one of her most celebrated program that turned out later on to be the source of misery to a good number of her population; that is the welfare program that was [...]
  • Subjects: Economic Problems
  • Pages: 24
  • Words: 6571

Economic Growth and the Living Standards

This arose from the high rate of economic growth as a result of the high rate of industrial revolution and technological progress.
  • Subjects: Economic Systems & Principles
  • Pages: 9
  • Words: 2325

Demand and Supply of Apple iPod

This study seeks to explore the demand and supply of Apple IPod through the use of the laws of demand and supply.
  • Subjects: Microeconomics
  • Pages: 8
  • Words: 2268

Concept of Globalisation and Cultural Diversity

The Concept of Globalisation Globalisation can be defined as the minimisation of the differences between people of the world and the maximisation of their similarities through interactions, cooperation and communication.
  • Subjects: Globalization
  • Pages: 12
  • Words: 3416

Prices Rise When the Government Prints too Much Money

Makinen notes that an increase in the supply of money in an economy relative to the output in the economy could lead to inflationary pressure on prices of goods and services in the economy.
  • Subjects: Currency
  • Pages: 6
  • Words: 1585

Credit and Debit Cards

If you happen to lose your credit or debit card it is important to act swiftly and report the matter to your card issuer.
  • Subjects: Finance
  • Pages: 2
  • Words: 552

Merck & Co Acquisition of Medco

By using share values for the merged companies before and after the mergers, the researchers report that most of such mergers result in increased share value, implying that the wealth of the shareholder and the [...]
  • Subjects: Investment
  • Pages: 8
  • Words: 2229

Consumer Behavior

Consumer preference describes the bundle of goods and services that a consumer prefers to purchase in the market. Utility refers to the ability of a product to satisfy the wants of the consumer.
  • Subjects: Consumer Science
  • Pages: 6
  • Words: 1617

Missouri Compromise: Economic Equality Among American States

These impacts include enhancing economic equality, political balance, unity of the northern and southern states of America, and controlling the spread of slavery in the country. Finally, the Missouri Compromise controlled the spread and prevalence [...]
  • Subjects: Economic Concepts
  • Pages: 1
  • Words: 403

Law of Demand in Relation to Air Travel

In this context, "non-price drivers of air travel demand" refers to external variables other than airfare that may affect the demand for flights and cause a change in the shape of the demand curve.
  • Subjects: Microeconomics
  • Pages: 2
  • Words: 636

Exogenous and Endogenous Factors in Economics

While exogenous factors are external and describe the resources of the economic system, endogenous ones show the quality of the economic system's agents.
  • Subjects: Economic Theories
  • Pages: 5
  • Words: 881

Nike and Reebok Companies’ Investment Analysis

Nike is one of the largest footwear and sportswear suppliers in the USA. Nowadays, the company is considered to be the leading sportswear and footwear in the world.
  • Subjects: Investment
  • Pages: 7
  • Words: 1934

Dual Track Price System in China’s Economic Reform

The dual track price system can also be viewed as the intermediary price system which can be found between the free market and control of the price by the State.
  • Subjects: Economic Systems & Principles
  • Pages: 4
  • Words: 1120

The Supply and Demand for Energy Foods and Beverages

One should pay attention to the following issues: 1) the growing demand for energy foods and drinks; 2) willingness of people to pay attention to the health effects of such products; 3) the increasing number [...]
  • Subjects: Consumer Science
  • Pages: 3
  • Words: 831

Microeconomics Relating to Car Industry

In examining the car industry, we should examine how the car industry affects the individual units: namely the firm and the household, and put into consideration recent events and phenomena noted within the international car [...]
  • Subjects: Microeconomics
  • Pages: 10
  • Words: 3066

Firm-Based Trade Theories

Here, Porter stated that the competitiveness of a given country in a specific industry was based on the capacity of that country to innovation and improvement in the given industry.
  • Subjects: International Trade Policy
  • Pages: 3
  • Words: 488

Impacts of Culture on Consumer Behaviour

In addition, the impacts of the environment on the conduct of these consumers are made evident. For example, in the field of marketing, the phrase refers to acts and patterns of purchasing and buying.
  • Subjects: Consumer Science
  • Pages: 20
  • Words: 5278

Advanced Theories of Urban and Regional Planning

The procedural category encompasses the theories of planning, whereas the substantive consists of the theories in planning. In the substantive context, planning theory refers to the descriptive and predictive body of knowledge about the morphology [...]
  • Subjects: Economic Theories
  • Pages: 5
  • Words: 1335

Impacts of International Economics

On the other hand, international economics is concerned on the effects of international differences on economics in relation to productivity and consumer preferences.
  • Subjects: Economic Systems & Principles
  • Pages: 2
  • Words: 556

The Use of Incoterms in International Trade

Incoterms regulates several issues related to the distribution of costs during the transportation of goods, determining the transfer of risks from the seller to the buyer, and fixing the time of goods delivery.
  • Subjects: International Trade Policy
  • Pages: 4
  • Words: 1241

British Capitalism: Nature and Characteristics

It discusses the nature and characteristics of Britain's capitalism by outlining its history and how the principal city, London, plays a critical role in the spread of capitalism.
  • Subjects: Economic Systems & Principles
  • Pages: 3
  • Words: 909

“What Is Capitalism?” Article by Jahan and Mahmud

Its main idea is based on the discussion of capitalism characteristics and its impact on the modern economy. On the other hand, inequality provokes controversies and questions the effectiveness of capitalism.
  • Subjects: Economic Systems & Principles
  • Pages: 1
  • Words: 300

The Career Interest in Finance

Upon my graduation, I was employed in the same dispensary working as the finance assistant. The training together with the work experience has become my strength to further my studies in finance.
  • Subjects: Finance
  • Pages: 2
  • Words: 551

Economic Analysis of Brazil

Brazil is the fifth country in the world according to the population rates. Overall the increase in price is observed and this is called markup for prices the percentage of the cost added to initial [...]
  • Subjects: Macroeconomics
  • Pages: 5
  • Words: 1374

Marxism and Health Economic Inequalities

Tackling health inequalities is a top priority for this Government, and it is focused on narrowing the health gap between disadvantaged groups, communities and the rest of the country and on improving health overall.
  • Subjects: Economic Problems
  • Pages: 9
  • Words: 2555

Elasticity of Demand in the Automobile Market

The paper goes into solemn features into the techniques and outlines of multifaceted research of the response of the automobile market to alter in automobile production features, comprising produce price, cost of use, and presentation.
  • Subjects: Microeconomics
  • Pages: 2
  • Words: 596

Multinational Corporations Economic Implications

The development of effective and inexpensive communication systems strengthened the control over the activities in host countries, thus solidifying the concept of MNC in its current form.
  • Subjects: Globalization
  • Pages: 7
  • Words: 2006

Singapore’s Economy and Living Standards

The leaders of the country focused on powerful initiatives to create a sense of consciousness and identity. The median age of the country's residents is around 39.
  • Subjects: Macroeconomics
  • Pages: 21
  • Words: 5900

International Business in Norway: PEST Analysis

In Norway, the four factors influence the flourishing of the international trade. The political school of thought of the regime running a government also influences the delivery of certain goods like merits goods, the education [...]
  • Subjects: Investment
  • Pages: 5
  • Words: 1480

US Economy Recession in the Too Big to Fail Film

Too Big to fail is an important movie for current and future managers because it highlights the roles of various stakeholders in the economy and the helps managers to understand the dynamics and impacts of [...]
  • Subjects: Macroeconomics
  • Pages: 3
  • Words: 808

Services in Banks: Strategies and Plans

The aim of the present essay is to reveal the multifaceted nature of bank services through understanding bank strategies and examining the experience of specific banks.
  • Subjects: Banking Analysis
  • Pages: 12
  • Words: 3085

International Trade: Haiti’ Advantages and Disadvantages

A country is considered to have a comparative advantage in the production of a certain commodity if it is capable of producing it at a relatively cheaper cost than other countries. From the table above, [...]
  • Subjects: Theories of International Trade
  • Pages: 3
  • Words: 859

“Strategy & Society” by Porter and Kramer

It is important to focus on the interdependence of societies and companies because the effective strategy or framework related to corporate social responsibility can improve the organization's competitiveness.
  • Subjects: Economic Systems & Principles
  • Pages: 4
  • Words: 1080

Is India Still A Developing Country?

The second reason is that due to the problems with employment, the project of development does not meet the expectations and entails a range of other failures.
  • Subjects: Macroeconomics
  • Pages: 6
  • Words: 1698

Attractive and Unattractive Industries

While having the potential for higher profit attractive industries have a far greater degree of market competition resulting in the erosion of a firm's economic performance as compared to companies that exist in unattractive industries [...]
  • Subjects: Economic Concepts
  • Pages: 4
  • Words: 1271

Stella McCartney Digital Media Evaluation

Purpose The purpose of this report is to appraise the future of digital with regard to luxury consumer experience. These social media platforms will provide the firm with an opportunity to create sufficient awareness of [...]
  • Subjects: Consumer Science
  • Pages: 11
  • Words: 2328

The Rise and Fall of the Islamic Spain

This paper intends to explain the rise and fall of the Islamic Spain with a particular emphasis on the importance of Spain to the world civilisation.
  • Subjects: Economic Development
  • Pages: 20
  • Words: 5815

Public Sector vs. Private Sector Budgeting

In the light of the above, budgetary processes of the private sector still emerge to be better than the public sector especially based on the principles governing both budgetary processes.
  • 5
  • Subjects: Budget
  • Pages: 3
  • Words: 940

Opinions on Corporate Social Responsibility

This therefore dictates that it is advisable to support the idea of corporate social responsibility for the sake of one's prosperity as well as that of the society at large despite the cost that could [...]
  • Subjects: Economic Trends
  • Pages: 3
  • Words: 847

Brazil’s Bid’s to Host the 2014 FIFA World Cup

The main purpose of this section is to elucidate the internal strengths and weaknesses of the FIFA World Cup event which, in the view of the Brazil bidding board, could substantially influence the trajectory and [...]
  • Subjects: Economic Systems & Principles
  • Pages: 12
  • Words: 3484

Role of Central Bank

If central bank offers credit to the banks at a higher rate, then the rate of interest that commercial banks will offer loans to the public will be high; this reduces the attractiveness of the [...]
  • 4.5
  • Subjects: Finance
  • Pages: 4
  • Words: 1104

Neo-Classical Supply of Labour

However, the changes in the market wage rate impacts the individual in two ways; an increase or decrease in the income and a shift from one activity to the other.
  • Subjects: Economic Systems & Principles
  • Pages: 8
  • Words: 2169