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To begin with, there is truly no person or a group of people from government who runs the economy. The economy is run by laws of supply and demand. Put simply, the market consists of consumers of goods and services and suppliers who provide consumers with goods and services. If…
Stiff competition leads to the employment of new technologies for productivity improvement level of firms’ resources. The most vital factor of evaluation concerning growth at the industry and organizational levels is productivity. According to Tabatabae (2000), productivity growth guides firms to raise their market share. Fundamentally, productivity has its base…
Price discrimination in economics occurs where a firm sells different units of an output at different prices to different markets, and the price differentials are not based on the marginal costs of production (Wilkinson, 2005, pp 398). There are various forms in which price discrimination occurs, each determined by the…
Discussion of Global Economics Globalization is the process in which investment and financial markets are able to operate international due to the improved communication and deregulation in the recent years (McGeehan, 2011). Globalization may be perceived as positive or negative process. Without putting people’s perception on it, globalization is still…
The international Monetary System is responsible for economic stability in the world. Some countries are more developed than others. In order to prevent discrimination of poor countries by rich countries, the IMF funds developments in the smaller countries. The IMF also regulates the exchange rates in all countries against the…
Introduction The employees engagement in the industry basically means that the employees are fully engrossed in the organization’ s work and procedures and are psychologically attached to the goals of the organization. This aspect is enshrined in the ability of management to offer a conducive environment for employees to exercise…
The spinning global economic and political systems and policies can be linked to the rotation of the earth on its own axis; the only difference is that the earth rotates back to the starting point, while the politics and economics of the world move further and further away from the…