Economics Essay Examples Page 48

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The Importance, Creation, and Maintenance of Basic and Efficient Budgets

Pages 7 (1 681 words)




Many people will associate budgeting as a necessity only for those who are struggling with financial stability; however, creating a budget can be extremely beneficial for any individual. Obtaining solid budgeting skills ensures liquidity, assists in handling debt, and allows one to build their savings. To see these results and create an efficient budget, it…

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A Study on Asian Poverty in the United States and How to Stay Healthy With the Given Budget

Pages 12 (2 869 words)




At the beginning of these studies conducted on poverty in the U.S, I prepared myself to leave behind my usual soothing daily activities, such as visiting my local panera for a $4.49 strawberry banana smoothie, along with a half sandwich on Asiago Cheese Focaccia bread. Oh, and you can’t forget the 3.49 cents pastry to…

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The Characteristics and Importance of the Capital Budgeting of an Organization

Pages 4 (772 words)




Benefits and costs of such a system to smaller businesses (SMEs) The financial management of an organization has a very important characteristic that is capital budgeting of the firm. The capital budgeting of an organization is very important because capital assets are long term and the budgeting process should be very carefully handled as the…

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Key Factors Affecting Mobile Purchase on Online Shopping Context

Pages 5 (1 130 words)


Online Shopping


With the rapid advancement of technology and the excessive use of the Internet, E-commerce is growing rapidly and the opportunities for Collecting and providing product information has been expanded. The increasing usage of social networks due to rise in sophisticated technologies like 4g and affordablesmart phones, access to internet and social networks particularly has become…

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Understanding the Needs and Desires of Buyers Is the Key to Successful Sales

Pages 5 (1 018 words)


Online Shopping


The importance of business success is understanding customers’ needs and wants from products or services in order to capture them. Furthermore, understanding customers lead the company to expand its market share which will be increasing the profits. Due to the rapid growth of the internet and its use as a channel for shopping. Hence, the…

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Overcoming Obstacles and Surviving During The Great Depression

Pages 4 (986 words)



Overcoming Obstacles

Sara Gruen’s Water for Elephants is a story of love, empathy, overcoming obstacles and surviving the great depression One major theme of Water for Elephants is the capitalist greed of the powerful maintained by the sacrifices of the weak. In the book, Uncle Al and August whose sole purpose is to maximize profit at the…

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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


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

Ford Motor company’s labor economics.

Labor economics: child labor.

The UPS firm perspective: the labor market.

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?


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.

What is economic?

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

  1. 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

  1. World economics

World economics

2. Example of economic – Shipping Industry in EU in 2020

Example of economic - Shipping Industry in EU in 2020

3. Importance of economics

Importance of economics


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