Questions: Answer: Business Economics The field of applied economics in which the study of the financial, organizational, issues related to the market and environmental issues generally faced by the corporations are conducted by business economics. Business economics is also known as managerial economics that explains the theories of economics and methodology to operate a business. This factor resolves t...
Read MoreQuestions: Answers: Introduction “Understanding economics is crucial to effective Public Health practice,” and this is clearly depicted in the topic “Poverty and Income/Wealth Inequality”. The practices of public health aim at promoting health for the entire society. From the economic point of view, poverty and income inequality are closely linked to health and are among the key d...
Read MoreQuestions: Answers: Introduction Chapter 1 New Zealand is well positioned to handle the economic issues as the country is imposing various schemes and regulation for development of the economy. In comparison to other OECD countries, New Zealand came up from financial crisis in a strong position. Some of the economic issues that New Zealand is facing include poverty, unequal income distribution, housing ...
Read MoreQuestions: Answer: Introduction A market analysis explores the dynamics and attractiveness of a specific market in a specific industry. It is said to be the portion of the industry analysis and thus in turn of the global analysis of the environment. Through this analysis, the available opportunities, weaknesses, strengths, and threats of a business can be recognized. Finally, with the help of these detai...
Read MoreQuestions: Answer: Benefits Of WTO: Developed And Developing Countries The World Trade Organization (WTO) is formulated to maintain a smooth flow of trade among its member countries. The WTO has originated from the General Agreement on Tariffs and Trade (GATT), which was articulated to promote tariff-free trade (Wilkinson, 2013). These operations are performed through certain agreements that are binding ...
Read MoreQuestions: Answer: The Changing Role Of Business Corporation The changing role of Business Corporation has been selected which was the topic from week 10. The business organisations have started to participate in different activities such as education, human rights protection, social security and public health. This changing nature of the business is criticised by various economist, as for them these act...
Read MoreQuestions: Answer: Introduction The domain of International Marketing can be described to be visibly complicated in nature and greatly influenced by certain governing forces which tend to have a strong impact on the overall operations of the organization (Albaum, Albaum and Duerr 2008). The standardization can be described as a procedure based on which an organization tends to implement as well as ...
Read MoreQuestions: Answer: Introduction Expatriate workers refers to people who leave their countries for other countries to apply their skills and professionalism in different fields of employment. In Saudi Arabia, it was predicted that in 2013 the number of foreign workers was about 9 million people. The number of these expatriate workers in the Country rose after the discovery of oil in late 1930s (Black &...
Read MoreQuestions: Answer: Introduction The macro environment is the external environment of a company, where it operates and exits. Though it significantly affects the structure of the company, it is not controllable (Bailey, Driffield and Karoglou 2017). Thus, the competitive strategy of a company decided on the basis of its macro environment. To gain a competitive advantage over its existing competitors, a lo...
Read MoreQuestions: Answer: 1. Explain The Following Terms: Perfect Competition, Monopoly, Oligopoly, And Monopolistic Competition And Monopoly. Perfect Competition: Perfect competition is a type of market structure where there are number of sellers and large number of buyers in the market and offers homogeneous product. In this market structure firms are price takers and accept the price on the basis of demand a...
Read MoreQuestions: Answers: Introduction The aim of the following report is to present the ideas of the ways how the nuclear deterrence has changed over the years. In the 21st century it has gained lots of new strategies in the contemporary times. This is why countries often look to make themselves more secure with the help of nuclear weapons. It is of huge importance to use this in the best ways ...
Read MoreQuestions: Answers: Introduction The signs of economic slowdown include cutting down workforces by large, medium and small sized corporate entities. The criticism of General Motors by the President of the United States of America for shrinking its workforce is definitely not warranted as the company has cut down its workforce due to the economic slowdown. The fact that US economy has slowed down is quite...
Read MoreQuestions: Answer: Introduction Trade protectionism includes the policy which is used to protect the domestic industries from the competition which is unfair from the foreign industries. The primary tools which are included are tariffs, subsidies, quotas and manipulation in currencies. It is considered as the motivated defensive measure. This report includes the linkages between the issues of trade prote...
Read MoreQuestions: Answers: Introduction A Phillips curve shows the inverse relationship between the unemployment rate and the rate of inflation in an economy. According to Colander (1995), it can make an association between the nominal variables such as the price level, the wage rate, the inflation rate and between the other components of the real economy. More specifically, it can be stated that the Phillips c...
Read MoreQuestions: Answers: Introduction Drought refers to a natural disaster occurs when economy experiences lower than average rainfall in a region. Drought has an adverse effect on people’s life, business and on government expenditure. The impact of drought might local affecting only those in the drought-stricken regions or there might be economy wide effect of drought covering areas outside the drought...
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