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The study of economics focuses on the study of the production, consumption, and transfer of wealth. Because wealth is defined in a wide variety of ways, the study of economics can be construed narrowly or broadly, and is interrelated with the study of sociology, philosophy, history, psychology, and culture. Economics is viewed, by some, as the study of scarcity, but economic principles apply even when resources are not scarce. It is also considered the study of resources. Many people believe that economics is primarily about money or financial resources because economic study focuses on topics like banking, wealth, and finances. However, economics is not synonymous with finance. Finance refers to the management, creation or study of money, banking, credit, investments, assets and liabilities. It consists of financial systems and financial instruments and is divided into three sub-categories: public finance, corporate finance, and personal finance. Economics includes those areas, but is not limited to them. Furthermore, an education in economics is not only useful in economics-specific careers such as accountant, economist, financial risk analyst, investment analysis, and statistician, but also teaches skills that are transferable to other areas and industries. Macroeconomics examines the economy from the broader perspective. It looks at economic trends including: inflation, deflation, recession, depression, price levels, wage levels, employment, unemployment, gross domestic product, national income, and rate of growth. Macroeconomics is concerned with monetary policy, which, in the United States, is set by the Federal Reserve, often referred to as the Fed; international trade policies; tax policies; aggregate demand; and aggregate supply. Microeconomics examines the economy from a narrower perspective. It looks at how individuals, whether people or firms, interact in the market, and at specific buyer-seller transactions. However, in an increasingly global economy, with large firms dominating some areas of industry, it can become difficult to separate microeconomic and macroeconomic studies. Elasticity refers to the change in consumer demand. Demand for some products remains fairly stable, regardless of fluctuations in price. For example, the demand for water is fairly non-elastic. However, when there are substitute goods available, demand for a product may be very elastic. Microeconomics also examines income distribution, particularly income inequality. It also looks at how different types of ownership can alter the basic rules of supply and demand. For example, monopolies and oligopolies, where either a single or a small number of companies control all of a product, can artificially inflate prices. Another critical component of economic studies is an understanding of supply and demand. Demand refers to how willing people are to purchase a particular product. In other words, what is the desire or need for that product. Supply refers to how much of the product is available. Supply does not refer only to the total amount of the good or resource that is available, but to the amount of the resource or good that is accessible. Generally, as demand rises, prices also rise, and sellers are likely to make a greater supply available at that cost. However, as supply rises, then the price that can be charged for the item tends to drop, even if there is no decrease in overall demand, because consumers can search for a less expensive option. Market equilibrium refers to the market price at which buyers will buy the same number of goods that sellers are willing to sell at a particular market price. [ Show Less ]

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Paper Doctorate
Environmental issues: air pollution, climate change, and ozone depletion
Air pollution is presently one of the most divisive issues, considering that it continues to occur in spite of the fact that numerous environmental scientists have tried to raise public awareness concerning the concept. Smog clouds are present above most major cities from around the world, but people have gradually learned to ignore them. It is basically as if they simply want to improve their condition with no regard to the consequences that their actions have on the environment. Carbon dioxide is one of the most important pollutants in the air, considering that it is mainly responsible for the fact that the planet is experiencing a warming process.
Paper Doctorate
Race Relations in \"Disgrace\" Live Without Them
It is extremely natural for scholars of literature to compare The Wife of Bath, who was a character in Chaucer's The Canterbury Tales, and Monna Giovanna, one of the leading characters in Giovanni Boccacio's short story…
Essay Doctorate
Elasticity of Demand Elasticities in Government Elasticity
This paper explores the concept of elasticity of demand and its importance to businesses and governments.This is carried out via a systematic analysis of relevant literature and theory with specific examples being mentioned for the cases.The knowledge of the elasticities of demand are noted to be important to businesses for the setting of optimum policies for profit maximization and to the government for the setting of appropriate tax rates as well as the prediction of market performance.
Research Paper Undergraduate
Augmented Solow model analysis of growth with institutional quality factors
The study analyzes the US growth rates and uses economic theory and other neo- classical theories to explain how economic variables affect the US Growth rates. The study runs regression analyses and results of regression analysis reveal that FDI, increase in trade volume, labor productivity, employment growth rate, and growth of capital enhance the US growth rates.
Paper Undergraduate
Toyota SWOT Analysis Organizational Analysis
Toyota Motor Corporation is one of the largest and most diversified auto manufacturers globally today, with supply chains and production systems that span across over 70 nations with sourcing, procurement and quality management systems unified to their manufacturing centers. The high level of complexity inherent in these operations have made it essential for Toyota to create one of the most advanced supply chain management systems globally, the Toyota Production System (TPS) (Dyer, Nobeoka, 2000). This system is the galvanizing force of their entire operations and is so complete in its coverage of supply chain operations, it takes approximately one year to get suppliers up to speed and to the point of meeting quality standards on it (Toyota Investor Relations, 2012). The TPS is a foundational element of the mission and mission of Toyota as well. As is stated in the company's annual reports and on the investor relations area of their website their mission is "To attract and attain customers with high-valued products and services and the most satisfying ownership experience worldwide and in key markets including America " (Toyota Investor Relations, 2012),. To attain these high levels of customer satisfaction, all aspects of the Toyota business model must be synchronized to deliver the greatest levels of reliability possible at the lowest costs. The vision statement of Toyota as also defined in their financial statements is "To be the most successful and respected car company worldwide and in key markets including America" (Toyota Investor Relations, 2012). Despite the recalls that occurred in the 2010 and 2011 timeframe, Toyota continues to reinvest in and continually look for how they can best improve worldwide Total Quality Management (TQM) performance, taking into account House of Quality, Lean Six Sigma and quality functional management initiatives, all aimed at increasing the reliability of their vehicles by driving up the quality levels of suppliers (Takahashi, 2010). Toyota launched an extensive internal audit of their own to determine the factors surrounding the recalls and learned that specific factories had taken shortcuts and at one point had not performed supplier audits of incoming components in well over two months (Minhyung, 2010). Internally Toyota had lost sight of its core values of product quality within the plants that had been the catalyst of the faulty products being produced that led to the globally embarrassing vehicle recalls (Johar, Birk, Einwiller, 2010). Toyota is a very resilient, very analytically-driven culture and took the lapse in quality as a major challenge to improve. This became the catalyst of a renewed emphasis on quality and an even more stringent level of supplier quality management processes, procedures and systems (Toyota Investor Relations, 2012). The intent of this analysis is to evaluate the strengths, weaknesses, opportunities and threats of Toyota Motor Company. The strengths and weaknesses will be analyzed from the internal environmental perspective, and the opportunities and threats from the external environment standpoint. Of the most potentially debilitating factors the company is facing today, product recalls and product quality could have a very detrimental effect on the value of the brand over time, a factor Toyota mentions in their quarterly filings with the United States Securities and Exchange Commission (SEC) (Toyota Investor Relations, 2012). As Toyota is a very analytically-driven organization that has a strong engineering emphasis, their filings with the SEC also indicate their greatest potential growth is ahead of them with their intensive spending on research and development (R&D) in hybrid and hydrogen vehicles (Toyota Investor Relations, 2012). Presented below is an analysis of the strengths and weaknesses of Toyota followed by an assessment of their opportunities and threats.
Thesis Undergraduate
Privatization -- a Comparison of Two Studies
There is much debate about whether being public or being private is the best way to do as it relates to doing business. There are times and situations where either (if not both) can have advantages but the discourse and opinion base out there is far from monolithic. This report covers two different studies that approach the topic very differently and offer two very different answers.
Thesis Masters
Sociology of work
Max Weber conceived of an orderly but efficient management system in his time when it was most called for. He and his fellow theorists invented bureaucracy. But times have changed and it has to be evaluated whether to be retained or abolished. Those who advocate its abolition argue about its inefficiency, failure to realize its true intent, and manipulative of true information. But other critics contend that it increases public expenditures, prevents corruption and safeguards democracitc rules and is needed by globalization and technological advancement.
Paper Masters
al-Assad family has ruled Syria
The study examines how the al-Assad family, members of a religious minority, came to power in Syria, and what that has meant for the Syrian people. To this end, this study examines how the Alawi sect came to power in Syria from a historiographic and religious studies perspective, and what the implications of the Arab Spring uprisings might be for the ruling elite in Syria. A summary of the research and important findings are presented in the study's conclusion.
Paper Doctorate
Workings of a System. F
This paper is a mid-term type collection of true and false and short answer questions in macro-economics. The topics covered include supply and demand, ppf, inflation, and gross domestic product. The questions include basic analysis of ppf curves and supply and demand curves. There is also some discussion of recession.
Paper Undergraduate
Big Data on Business Strategy
Business strategy is continually evolving as information technology and business process redesign assist in the innovative design of central business .Attempts to get rid of the mainframe and replace it with an all PC network have failed, with systems failed and information was lost or misplaced The revolution of IT and its use in businesses is due to the personal computer and local area network technology. Networking either by Ethernet or LAN technology assisted organizations to improve communication, transmission of reports and messages across the organizational structure