Economics Essay Examples Page 33
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First Saudi Women Receive Their Driving Licenses
Driving
I read the article, “First Saudi women receive their driver’s licenses”, this article highlights the new implementation that will finally allow women to drive. The article explains that Saudi Arabia has surprisingly change the stigma of allowing women drive for the first time in history. According to the article, its estimated a 90 billion boost…
Future Agriculturalists
Future
Industry
To combat the growing population, which is expected to exceed 10 billion by 2050, agriculture producers of the future will have to use; herbicide technology, new brush mechanical technology, prescribed burns, and biological practices. What exactly are these methods and how do they work? Herbicide technology refers to weed killers, which assists in assuring the…
Legalization of Marijuana and Pharmaceutical Companies
Marijuana Legalization
Pharmacy
Why Marijuana Should Be Legalized
For years patients and prescribing physicians have relied on man-made medication produced by pharmaceutical companies to treat many symptoms including pain and mental disorders. However, with the increase of scientific research and the decriminalization of marijuana, many people are making the switch to a more natural source of relief, forcing a huge threat to Big…
Why I Want to Be a Pharmacists
Career
Pharmacy
I have become attracted to Pharmacy after I built a strong relationship with my uncle. My uncle graduated with a Doctor of Pharmacy at Temple University and now is an owner of three successful pharmacies and a manager at Express Scripts Accredo. My uncle has taught me that as Pharmacist one’s role is very vital…
Tips for Financial Independence
Independence
Personal Finance
For many, the idea of working full-time into our 60’s or even 70’s seems dreadful. The thought of toiling away at a stressful job for 10 plus hours a day, balancing a demanding family life, and never feeling like you have enough time over the course of a 40-year career is hard to fathom. The…
America’s Growing Income Inequality
Income Inequality
Income Inequality in America
Students, faculty, staff and members of the Salt Lake City community had the opportunity to hear Joseph Stiglitz speak on September 27 on the “great polarization” and “America’s Growing Inequality”. The lecture emphasized the facts and figures that show inequality, diving into why it occurs and then concluding with potential solutions. His discussion began by…
A Movie That Makes You Appreciate Life
Entertainment
Fiction
Value of Life
It’s A Wonderful Life is a timeless story that teaches the lesson of redemption and a person’s importance to the world. It may have been filmed in 1946 but there are moments that any modern family can associate with. Although it wasn’t intended to be a Christmas movie, I believe most families do watch it…
Dangers of Driving while Fatigued among Commercial Truck Drivers
Driving
Fatal vehicle crashes involving large trucks is a significant occupational risk to commercial truck drivers. In 2005, over 400,000 commercial motor vehicles were involved in accidents, and approximately 5,000 of these crashes resulted in fatalities. Driver impairment caused by fatigued is a known factor in many accidents (Maycock, 1997). Fatigue affects mental alertness, decreasing the…
Balling on a Budget
Money
Personal Finance
Saving Money
Everyone loves the holidays, whether it is spending time with cherished relatives and friends or just having the day off. Yet there is one thing that majority of us do not like to do: Spend money! Holidays can be taxing, literally, when low on money. Shopping may be demanding and expensive, but by using these…
Electric Vehicles as a Green Transportation
Save Environment
Transportation
As environmental concerns increase so does the desire for a cleaner source of transportation. Electricity is the main alternative in the current market. One such type, Battery Electric Vehicles (BEVs), solely use a battery as a power source. The main drawback of the car however is its cost: roughly $30,000 to $40,000 (evadoption2016). Increasing BEV…
Check a list of useful topics on Economics selected by experts
The balance between demand and supply
Elasticity: quick response of one variant from the change of the other
Consumer demand theory
The theory of production: The process of changing materials into products
Production costs
Perfect competition
Monopoly
The structure of a market and the system that comprises it
Game theory
The labor economics
The information economics
The economics of market structure
Opportunity costs
10 principles of economics
How has the internet changed marketing?
The four-day workweek: Is that something more companies should adopt?
What role do consumers play in keeping the market stable?
What Role Does Advertising Play In Microeconomics?
Ways In Which Creativity Can Lead To Huge Success
Industrialization Impacts On The Environment.
The Seasonal Changes In Our Economy.
The Purchasing Ability Of A Consumer And Its Impact On Prices.
The Latest Marketing Trends.
Focus On Companies That Have A No Sale Policy.
Changes In Oil Demand Over The Last Decade.
How Does Economy Change With the Change of Seasons
An Argumentative Essay on the Microeconomic Market Structures
How Do Different Microeconomic Market Structures Affect Supply?
The Impact of Labor Market and the Labor Union on Supply and Demand.
How Does Consumer Purchasing Ability Affect Pricing System?
The Use of Advertising in Microeconomics and How it Affects Customer’s Decisions
Should credit card companies add a warning page as part of their contracts?
Does outsourcing reduce costs?
Does outsourcing benefit the country receiving the work?
Would a European economic crisis affect other countries?
information
What is economic?
Economics is a set of economic sciences, a type of social science that studies the relationship between people in the production, consumption, distribution, and exchange of goods or services. The subject of economic theory is how people and society choose to use limited resources.
In addition to the basic one, there are several other definitions of economics put forward by scientists over the years. Its founder as a separate science is considered to be Adam Smith.
Economics was also called political economy, but from the second half of the nineteenth century it became politically neutral, and the word “politics” was excluded from the definition. Nowadays, economics is considered to predict the outcome of certain political decisions without interfering with politics.
Historically, economics has come a long way. Its main directions were mercantilism of XV-XVIII centuries, physiocracy of the second half of XVIII century, classical political economy of the end of XVIII century – 30s of XIX century, neoclassical economics which appeared in 1890s, Keynesianism and monetarism of XX century. A separate direction in economics – a peculiar offshoot of it – is Marxism.
The subject of the study of economics is not values, but agents of economic activity, such as individual households and society as a whole. That is why economics belongs to the social sciences.
On the scale of the study it is divided into microeconomics, the subject of which is organizations and households, and the study of the functioning of the economy as a whole.
Microeconomics looks at individual agents and their choices: what and for whom to produce, consume, how to interact in the process of exchange, etc. It studies the efficiency of production, cost, supply and demand, the specialization of economic agents, uncertainty and game theory.
The main macroeconomic indicators are unemployment, inflation, economic growth, monetary and monetary policy, and business cycles.
In addition to macro- and microeconomics, economic sciences include the following disciplines: econometrics, economic statistics, history of economic teachings and economic history, management, marketing, branch economics, engineering economics, enterprise economics and labor economics, accounting, managerial and financial accounting, etc.
Videos about Economics
- Intro to Economics: Crash Course Econ #1
2. Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
3. How The Economic Machine Works by Ray Dalio
Interesting infographics about Economics
- World economics
2. Example of economic – Shipping Industry in EU in 2020
3. Importance of economics