Economics

The Monopoly Firm

The Monopoly Firm A monopoly is a single firm that produces a product for which there is no close substitute and which dominates its market (Byrns, 1987). This means that there are no other firms that make a similar product […]

Economics

The Federal Reserve & Economic Theories

The Federal Reserve & Economic Theories Friedman was a monetarist of the Chicago school who went against the Keynesian idea that individuals and households adjust their expenditures on consumption to reflect their current income, and showed that instead, people’s annual […]

Economics

Sports Stadiums

Sports Stadiums With an increasing amount of state budgets (taxpayer dollars, that is) being allocated for new prisons and sports stadiums, Reverend Jesse Jackson has argued in many public appearances of late that these developments come at the expense of […]

Economics

Russian Oil Sector & “Dutch Disease”

Russian Oil Sector & “Dutch Disease” I. Introduction: Natural Wealth and “Dutch Disease” Abundance of natural resources might appear to be inherently beneficial to an economy that has access to them. Primary resources are one of the basic forms of […]

Economics

Productivity and Costs

Productivity and Costs 1) There is a link between productivity and costs resulting in higher costs for lower productivity. To understand this inverse relationship, it is necessary to understand that productivity relates to how effective resources–including human resources, equipment and […]

Economics

Kikkoman Corporation & US Trade Policy

Kikkoman Corporation & US Trade Policy Kikkoman Corporation is a Japanese-based organization best known for making soy sauce. Its history stretches over several hundred years, and its product line includes products well beyond soy sauce. The company has facilities, offices, […]

Economics

Italy’s Macroeconomics

Italy’s Macroeconomics According to Italy Review (2007), since the end of World War II, the Italian economy has been transformed from an agrarian to an industrial base and now ranks as the seventh largest economy in the world with an […]

Economics

Importing Commodity Foods & Beverages to the U.S.

Importing Commodity Foods & Beverages to the U.S. INTERNATIONAL MARKETING: IMPORTING COMMODITY FOODS AND BEVERAGES INTO THE UNITED STATES This research examines the factors involved in the marketing of imported commodity foods and beverages in the United States. Consideration of […]

Economics

Globalization and Culture

Globalization and Culture The research project discussed in this article was to show to what extent the shrinking world had wiped out the effects of national cultures, or whether persistent national culture differences have avoided the effects of globalization (Hofstede, […]