Economics Page 12

Business and the economy Task - 1 Discuss whether firms like Rechem should be allowed to import chemical waste from overseas to be disposed of here in the U.K. ANALYSIS Rechem have thirty years of experience in solving environmental problems caused by a wide range of hazardous and toxic materials. Their range of services included the following: · Waste Management · Logistics · Incineration · Project Management · Recycling · Environmental Monitoring (See APPENDIX A) DISCUSSION Not all Countrie
Business Law Antitirust Outline Thesis Statement: Technological advancement will restructure business law in America. I. Antitrust Law A. What is it? B. Antitrust evolution 1. Sherman Act of 1890 2. Clayton Act of 1914 3. Federal Trade Commission Act of 1914 4. Tunney Act of 1974 II. The United States VS Microsoft A. The case against Microsoft 1. predatory pricing 2. Standard Oil analogy B. Microsoft’s defense 1. AOL was gunning for Microsoft 2. Do antitrust laws pertain to today’s technology I
Corporate Downsizing Corporate Downsizing Organizations in every segment of business, industry, government, and education are downsizing. Downsizing is and has been a controversial phenomenon in the last few years. The controversy that surrounds downsizing may be better described as a debate in organizational theory about whether change is adaptive or disruptive. The issues which establish the outcome of the controversy include why the downsizing is taking affect, how it is implemented, and wha
DIVIDEND POLICY AT FPL GROUP INC Q.1 DIVIDEND POLICY AT FPL GROUP, INC In 1994 FPL Group, the parent company of Florida Power and Light Company, announced a reduction in its quarterly dividend from $.62 ($2.48 annual) a share to $.42. This was the first-ever dividend cut for a healthy utility, so the company did its best to explain to investors why it had taken such an unusual step. Table 1. Year Dividend per share Earnings per share Dividend payout ratio Dividend payout (%) Earnings per share
eco in China Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideas such as serving the people and maintaining the class struggle. By 1978 Chinas leaders were searching for a solution to serious economic problems. Hua Guofen
economics Economics Over the last couple of weeks, there has been a lot of valuable information about what economics is and how it works through the presentations and the guest speakers.. Economics is basically the understanding of how different economies function. Economics is the study of how to best allocate scarce resources among competing uses. Scarcity in the economy is the main problem. There are not enough resources to keep up with the demand for them. Within the discipline of economics
economics of war Economics of War The choice to bomb the World Trade Center was more than symbolic. The collapse of the towers has coincided with an already slowing global economy and was probably intended to cause as much economic as physical harm. The crisis will have deep economic repercussions in a number of areas; while some parts of the economy will be hurt, other sectors may actually benefit, and it is possible that increased defense spending could stimulate the slowing economy in the sh
economics Economics Over the last couple of weeks, there has been a lot of valuable information about what economics is and how it works through the presentations and the guest speakers.. Economics is basically the understanding of how different economies function. Economics is the study of how to best allocate scarce resources among competing uses. Scarcity in the economy is the main problem. There are not enough resources to keep up with the demand for them. Within the discipline of economics
EMU INTERNATIONAL UNIVERSITY SOFIA The Euro as a single currency The Impacts of its Introduction Liberalizing trade is nothing new to the world, but we have never witnessed such a vast economic integration between sovereign countries like the integration carried out in the European Union. Customs duties between European countries started to come down steadily in the early 1950s and were abolished in 1968 with the introduction of a customs union and the implementation of the common external tari
EU paper Dilemmas, asymmetries and equilibria of European integration The European Union has been vacillating between a Federation and a Common- wealth approach. An unpleasant situation has evolved, where all participants feel they are cheated: large States think their smaller partners wield disproportionate clout, small States fear their marginalisation. No system of checks-and-balances seems to exist e.g. in the field of Monetary Union. Moreover, no real solution has been proposed for the dif
foeign affairs My personal view on this issue is that America should pay equal attention to both domestic and foreign affairs. You cannot just focus on one without the other because they intermingle into the same issue. For instance, Americas businesses have branched out all across the world and if those places of business are not ensured safety then both the economy of that particular country as well as our own is affected. Adding onto that, America is not a self-sufficient country. We have t
HR UCTION The topic under review is strategic alliances. This particular form of non-equity alliance between firms in the same industry (competitors) is becoming an increasingly popular way of conducting business in the global environment. Many different reasons of why such alliances are occurring have been recognized. These include: the increasing globalization of the world\'s economy resulting in intensified global competition, the proliferation and disbursement of technology, and the shorten
india and ebiz INDIAN OVERVIEW The Indian private sector has already recognized the attractive economics of e-business. Clearly, the opportunity (and the need) for Indian businesses to get onto the e-business power curve is really quite high. Needless to add, that the potential exists. The size of the transactions over the net at Rs10 crore by the end of 1999 approximately, a piddling size when compared to the world, which is expected to cross $300 billion by the year 2002. Unlike in the past,
information and communications technology Information and communications technology (ICT)? To illustrate the importance of Information and Communications technology (ICT) for the smooth running of a multi-site business. Information and communications technology is a system used to control, manage, process and create information through telecommunications technology and computers. (Otherwise known as ICT). Although information and communications technology describes a large range of systems ther
information technology and its effect on organisational structure INTRODUCTION Organizations are in the midst of transformation. In many industries, mass production by large, vertically integrated, hierarchically organized firms is giving way to more flexible forms of both internal organization and industrial structure. Work is increasingly accomplished through networks of smaller, more focused groups. The resulting structure of sub-organizations is redefining the boundaries of both firms and i
My economic cake MY ECONOMIC CAKE I can not wait to finish college and begin baking my economic cake. Everyday you here about someone making it big in the stock market, some one winning the lotto jackpot or some idiot cleaning out some other idiot in court. There is only one thing that those people have that I want, and its money. Ive learned at a very early age the value of the all mighty buck. I grew up in a poor single mother home, and when I saw all the kids with cool toys, and I had sq
Rising Major League Baseball Salaries and the Rising Major League Baseball Salaries, and the Economic Effect it has on Competition and the Consumer. As long has there has been business, Management and Labor have warred against each other for a bigger piece of the pie. Major League Baseball is no different. In the early years of professional baseball the owners controlled the salaries of the players and decided where they could play and what they would be paid. The players were bound to their te
Should Social Security be Privatized Should Social Security be Privatized? Many people dont understand how the Social Security system really works. There are no separate Social Security accounts set up for each taxpayer to which he contributes his Social Security tax each year. Many people believe these accounts exist, that the money they pay into their accounts grows each year until retirement, and when they retire they get back what they paid in with interest. This is not true. Most peop
SinoRussian Forum Chapter1. Historical Retrospection of Sino-USSR Trade Sino-R.S.S.R trade started even before the establishment of the People’s Republic of China. In August 1946, the Chinese Communist Party Northeast Bureau reached an agreement with the Soviet Union to exchange clothes, medicine and other daily necessities with foodstuff. At the end of the year, a small-scale trade began. The trade relation between China and USSR had experienced great changes since the establishment of the Peo
Supply Chain Management Developments Introduction Supply chain management is emerging as one of the decade\'s most powerful business practices. It is transforming the way manufactures operate and work with partners ¾ even the way they think about business. Why all the sudden interest? Mere observation of industrial practice brings to light a simple truth; very few materials remain in the constant ownership of one person, persons or company from their source to the time they are sold to the end
Telecommuting and Human Resources Introduction On September 20, 1994, some 32,000 AT&T employees stayed home. They weren’t sick or on strike. They were telecommuting. Employees ranging from the CEO to phone operators were part of an experiment that involved 100,000 people. It’s purpose? To explore how far a vast organization could go in transforming the workplace by moving the work to the worker instead of the worker to work. Today AT&T is just one of many organizations pioneering the alternati
The Advantages of ECommerce to the Small Business Owner ˙The Advantages of E-Commerce to the Small Business Owner Executives used to imagine their companies as the center of a solar system orbited by suppliers and customers. The Internet is changing that dramatically. Now the customer is becoming the center of the entire business universe. E-commerce relates to that part of e-business that includes transactions that involve money. The larger concept of e-business, however, goes well beyond buyi
The History of Entrepreneurship Entrepreneurship By: sib \'A Balanced Economic State\' Two main economic systems have been developed since the Industrial Revolution, these are Capitalism and Socialism. Both systems have advantages and disadvantages, this essay will explain these, and also give my proposals for a mixed system for the whole society of the United Kingdom. Capitalism Capitalism generally started as an economic system in the United Kingdom at the time of the Industrial Revolution. T
The Myth of the Earnings Yield The Myth of the Earnings Yield Essay written by Sam Vaknin Sam Vaknin\'s Psychology, Philosophy, Economics and Foreign Affairs Web Sites A very slim minority of firms distribute dividends. This truism has revolutionary implications. In the absence of dividends, the foundation of most - if not all - of the financial theories we employ in order to determine the value of shares, is falsified. These theories rely on a few implicit and explicit assumptions: (a) That th
The WTO IMF and World Bank The Uruguay Round in 1993was created to further reduce trade barriers. The result was the creation of the World Trading Organization (WTO). The main goal of the WTO is to police the international trading system. The data that the WTO has kept states that the volume of world trade has grown consistently faster than the volume of world output since the 1950s. Two other types monitoring policies are the International Monetary Fund (IMF) and the World Bank. The IMF is an
Whirlpool The world is experiencing a third wave in the economy and many changes are taking place. One of these changes is the growing corporation that decides to go global. Most U.S. companies, both large and small, are rapidly acknowledging the necessity of global marketing. The demand for foreign products in the fast-growing economies of Europe, South America, Asia, and Pacific Rim nations offer one example of the benefits of global thinking. One company that has adapted to this new economy
Big Brother is watching “Big Brother is Watching” Privacy in the Information Age. Have you sat down to eat dinner, just as you put that first bite into your mouth the phone rings. You know better than to answer it, but you do any way. To your dismay you find out that you were right Tele-marketers? As you hang up you wonder how did they get my number? How do they know what are your interests, likes, dislikes? You hand the cashier a plastic card with a magnetic strip which contains your name and
Charles Babbage Charles Babbage was born at Walworth, Surrey England in December 26,1791. He achieved many great feats and belonged to many very distinguished groups before he died in October 18, 1871. Many people consider him to be the grandfather of computer science due to his great works with his Difference Engine (1821), which printed tables of polynomials, and his Analytical Engine (1856), which was intended as a general symbol manipulator. These inventions were far more complex than the w
COBOL In the summer of 1998, St Louis Public Schools ( SLPS ) chose to convert form it\'s IBM System/390 mainframe to a client server environment. Not only was the SLPS affected but the Public School Retirement System ( PSRS ) was also affected since they use their mainframe system. PSRS started looking for a solution for their processing requirements. They were debating on weather to obtain an existing package to replace their system If they did would the be able to convert it to support how t
Computerized World A Computerized World Since the first computer was made in the late fifties, the technology has developed extremely. Computers which took the place of a living-room then, are now being made in credit card-formats. More and more areas are being taken over by the computer. As computers are capable of handling large amounts of data in a very short time, they are well suited for word processing. I guess that it won’t be long till all the paper-archives are replaced by magnetic tap
Fiber optics Thesis: Some of the important features of the fiber optics that we are interested are discussed below. Now a days we are using copper wires as they are the most cost effective and reliable interconnect in parallel machines. However as machines grow more powerful, wire density becomes critical making fiber possible alternatives because of their small wire size. Fiber optics are used mainly to use effectively its high bandwidth. On a single fiber lots of information/data can be trans
Affirmative Action in Higher Education A Solution to Structural Racism It seems as if the roaring debate over affirmative action has again emerged. Much of the debate centers about education. Critics appear to believe that a policy to aggressively counter discrimination against minority groups is no longer necessary and, further, serves only to create unfair privileges. My paper will investigate the question of affirmative action in schooling for minorities in order to address the issue of affi
bioethics and genetic engineering Bioethics Outline: Thesis: It is my belief that genetic engineering has promise to better mankind, and it is our ethical obligation to research it but not exploit it. There is a need to have a morally correct legislation that guides the way science develops this. Outline: I. Social a) Personal Privacy i. Individual rights b) Society i. Implication on society II. Religious a) Religious concerns b) Different religion views III. Medical Benefits a) What are they b
Factors that lead to teen pregnancy Although the overall rate of teen pregnancy has been declining, the rates have remained high for teens that are most vulnerable. The great majority of Americans believe that teen pregnancies are a serious national problem, indeed a problem that is the major component of what is thought to be national moral decline. However, what causes these teens to become pregnant at such a young age? A large body of research has identified a number of factores that underli
Is the US ready for chaotic oil markets The cost of gasoline to provide a many of services, transportation being most popular, is effecting our nation dramatically. One of the major reasons for these soaring prices is due to Saddam Hussein calling the Arab states to use oil as a major weapon for countries who do not support Israel. America has itself involved with an insurance providing protection to import cut offs yet at this period of time, the oil reserves can only provide the replacement
The Switch Of The United States At the beginning of the year the President of the United States announced that the United States was in the middle of a nation wide energy crisis. The President gave many solutions including using more solar and wind energy, nuclear power, and drilling in the Arctic National Wildlife Refuge (ANWR). The President told the American people that they would have to watch their energy use and conserve as much as possible. Gas prices reached $2 per gallon in the Midwest
A Basic Analysis of the Balkan Economy in Relation to the EU I think that it is right to begin with the Theory of consumer choice. The above consumer has expressed his preference of choice. He has a taste for seafood which he prefers above all other types of food. This does not mean that he only eats seafood, but in line with the last two elements of the theory of consumer choice, he has shown his preference for taste and on that assumption, will do the best that he can for himself to consume a
AC Pigou The Background of Arthur Cecil Pigou Arthur Cecil Pigou, commonly known as A.C. Pigou, is best known today for his work in welfare economics. He was a professor of political economy at Cambridge University from 1908 to 1943. During his life he wrote and had published over twenty books and essays on not only economics, but other subjects as well. Pigou was sometimes a backward person, but he never lacked in his brilliance of economics. Pigou was born in the family home of his mother in
adam smith Adam Smith Adam Smith was born in Kirkcaldy, Fife, Scotland. His exact date of his birth is unknown but he was baptized on June 5, 1723. At the age of fifteen, Smith began attending Glasgow University where he studied moral philosophy. In 1748 he began giving lectures in Edinburgh where he discussed rhetoric and later he began to discuss the economic philosophy of the “simple system of natural liberty” which he later proclaimed in his Inquiry into Nature and Causes of the Wealth of N
Adam Smith1 The accumulation of capital and the division of labor are what Adam Smith believed to be the driving forces of economic growth in any nation. Smith found that when the division of labor had broken down the production of almost any commodity into a series of simple operations it was more natural for tools and machinery to be invented that replace hand labor and expedite the entire production process, thereby increasing worker productivity. This increased productivity combines with th
adam smith Adam Smith Adam Smith was born in Kirkcaldy, Fife, Scotland. His exact date of his birth is unknown but he was baptized on June 5, 1723. At the age of fifteen, Smith began attending Glasgow University where he studied moral philosophy. In 1748 he began giving lectures in Edinburgh where he discussed rhetoric and later he began to discuss the economic philosophy of the “simple system of natural liberty” which he later proclaimed in his Inquiry into Nature and Causes of the Wealth of N
Adam Smith2 Adam Smith\'s Role in Ending the Mercantilist Economy The mercantilist theory of economics existed in Britain since the 16th century when European states started regulating the manufacturing industry, including the conditions of the market and prices. During the time of mercantilism, the economic policy of the leaders sought to encourage national self-sufficiency. They valued gold and silver as an index of national power and wealth. The mercantilists also had a contra- or anti-quant
advertising Nowadays, advertising is a very big business. Very often is the major means of competing among firms. Furthermore, supporters of advertising claim that it brings specific benefits for consumers. First off all, they claim that advertising provide information to consumers about the quality or the availability of several products. This is very important for consumers because they do not waste time for searching (search costs). If we suppose, that consumers want to shop at the lowest pr
AfricanAmerican Entrepreneurship In a comparative light there seems to be significant problems, or obstacles, for African-American entrepreneurs. These problems are categorized by environmental factors, opportunity factors, and issues related to capital. The purpose of this paper is to provide sociological, and economical insight to the plight of African-American entrepreneurs. There is an effort to trace the development of African-American entrepreneurship throughout American history, in the p
All I Ever Needed to Know about Microeconomics I learned From the Board Game Monopoly8482 All I ever needed to know about microeconomics I learned from the Hasbro board game Monopoly. I hope that my teacher does not find the above statement too offensive, and put the zero on my paper before he even reads this. Some people, like myself, need practical models in order to understand certain concepts and theories. In our text book The Economy Today it completely ignores the intrinsic value of busin
Alternative theories of the firm Firms are in business for a simple reason: To make money. Traditional economic theory suggests that firms make their decisions on supply and output on the basis of profit maximisation. However many Economists and managerial Scientists in our days question that the sole aim of a firm is the maximisation of profits. The most serious critique on the theory of the firm comes from those who question whether firms even make an effort to maximise their profits. A firm
Americas Great Depression America\'s Great Depression The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other Interventions can save capitalism from itself. Among the many myths surrounding the Great Depression are that Herbert Hoover was a laissez faire president and that FDR brought us
AntiTrust Laws Introduction Competition in economics is rivalry in supplying or acquiring an economic service or good. Sellers compete with other sellers, and buyers with other buyers. In its perfect form, there is competition among many small buyers and sellers, none of whom is too large to affect the market as a whole; in practice, competition is often reduced by a great variety of limitations, including monopolies. The monopoly, a limit on competition, is an example of market failure. Compet
Aristotle Table of Contents Biography 3 Works 3 Methods 4 Economics 4 Influence on Modern Economics 5 Bibliography 6 Aristotle Biography Aristotle was born in 384 BC, at Stagira, in Macedonia, the son of a physician to the royal court. At the age of 17, he went to Athens to study at Plato\'s Academy. He remained there for about 20 years, as a student and then as a teacher. When Plato died in 347BC, Aristotle moved to Assos, a city in Asia Minor, to counsel Hermias, the ruler. After Hermias was