Economics
It is clear that Croatian Government has been doing a poor job of managing the economy, given the fact that the country’s real GDP shrunk by 12 percent between 2008 and 2013. High inflation seems to be the culprit and might have probably been triggered by an increase in money...
293 words
The Industrial Revolution that began in the 19th century in the United States was a time of great commercial progress and monumental changes to the economic structure of this country. At that time, powerful businessmen emerged, such as John D. Rockefeller and John Jacob Astor, to commandeer significant industries like...
336 words
The minimum wage debate is concerned with when minimum wages should be raised, and has been ongoing because of various concerns associated its impacts and affordability. The minimum wage sets the lowest pay by employers and, therefore, interferes with normal market dynamics in which amounts of salaries are based on...
948 words
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Coca-Cola has used nostalgia as an emotion to create consumer loyalty in several ways, particularly with its use of Santa Claus to evoke memories of Christmas. According to Kessous (2015), companies like Coca-Cola use nostalgic stimulus to transposing the consumer for an event or period from their idealized past, helping...
705 words
As a social program, welfare is one of the most divisive political programs in recent history. Some individuals argue that the program provides crucial assistance to individuals who could not survive without the program. Others, however, believe that the programs represent a financial drain on the taxpayers by individuals who...
857 words
The TED talk by Navi Radjou reminds us that the best way to address scarcity of resources is to find creative ways to use limited resources. Navi reminds us that North has led the way for innovation because they had resources but now South is teaching North how to innovate...
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In “Oil Prices: Cause and Effect,” the author analyzes the relationship between the supply of crude oil and price. Alan Reynolds, analyst with the think tank Cato Institute, focuses more heavily on the effects of the situation, which is consequential given the presence of globalization and the importance of oil...
300 words
Introduction Pollution of the environment (land, air, and water) has become a global pandemic. The contamination of the ecosystem has created widespread and untold environmental consequences for humans, animals, and plants alike. Efforts to halt uncontrolled pollution and to reverse its effects are currently underway. At the heart of these...
708 words
Introduction Globalization’s impact on emerging markets and stalwarts has been generally positive, but from a microeconomic perspective one must analyze the myriad effects that a globalized market can have on locales and their corresponding business practices. An anecdotal example would be how a local salesperson may have to significantly decrease...
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