An economic theory of consumer capitalism suggests that producers will obtain the best effect if they target not only at consumers’ needs but also at their demands. If needs were sooner or later satisfied, human wishes remain endless. Consumers will not rush to buy a product if they realize that they have no objective need…
Samples - page 31
Indoor air quality essay sample
Air pollution does not take place exceptionally when the industrial gases are emitted into the atmosphere. Pollution can be much more mundane thing than we think. Furniture, household appliances, and materials used in construction of buildings can emit toxic fumes and sufficiently worsen the quality of air in the building. Mold and dust are…
Developmental disability essay sample
Today deviations in development of children happen as frequently as never before. Nearly 15 percent of American kids grow with impairment in their physical or cognitive development, which disturbs their everyday life. These disabilities are easy to notice as children struggle to meet developmental milestones characteristic for their age. Some of them cannot walk or…
Environmental effects of meat production essay sample
Except for vivid ethical issues, the production of meat raises concerns of environmentalists and advocates of sustainable development. Industrialization has largely contributed to intensive farming and turned the earth into a gigantic farm. Lands that produce food for livestock cover nearly one-third of the earth’s ice-free surface. Global GDP from farming is really huge, and…
Projections of population growth essay sample
Population growth is one of the major concerns of NGOs that strive for a sustainable development. According to the UN report issued in 2015, the total population of the world has already exceeded 7 billion people. Population projection made by UN demographers predicts that it will grow up to 10 billion in 2050. Projections also…
Habitat destruction essay sample
Paper writing is never easy, especially when the subject under consideration requires conducting a deep research as well as allocating a lot of time on its accomplishment in general. That is the reason why having an essay sample on hand will be advantageous. Habitat destruction is one of the biggest problems our planet is facing…
Intensive farming essay sample
With quick industrialization and mechanization, the old ways of doing agriculture changed. As soon as entrepreneurs involved great capital and labor in raising livestock and crops, intensive farming revolutionized the area with its incredible advantages. Large farmers aimed at making the largest possible profit from small areas. The productivity of the land is not so…
Balance of trade essay sample
The balance of trade is a difference between national export and import. It is essential for every economy to transport some part of the supply to other countries as well as compensate losses of domestic production by importing goods from abroad. This figure helps economists to determine the current state of the economy. If the…
Barriers to trade essay sample
International trade is generally regulated by governments of trading nations. They usually impose tariffs, which are taxes on certain types of goods. The price of those products rise and makes them less competitive in the market. Besides tariffs, there are other regulations that complicate international trade such as licenses, quotas, and standards. Imposing trade barriers…
Competition and market structures essay sample
Competition is an economic force that regulates relations within the free market. In the capitalist society, all businesses face some level of competition, which allows consumers to benefit from the races of manufacturers. In the competitive environment, producers learn to be flexible and client-oriented. However, not all markets are free enough to show a…
Aggregate supply essay sample
Every economy usually produces a certain amount of goods over some period of time. Unlike demand, supply changes slowly that is why aggregate supply covers all the domestic products manufactured for a year. If the demand can rise in days, the supply can take months to adjust to it. Aggregate supply depends on the prices…
Aggregate demand essay sample
The amount of goods and services that will be purchased by all means is referred to as aggregate demand. It equals the gross domestic product and it describes the correlation between GDP and the price level. Apparently, the demand changes alongside with prices. Consumers want and are able to purchase more products when prices…
Productive resources essay sample
The economy and all its participants strongly depend on the productive resources widely used to produce goods or services. Availability of productive resources is a potent drive for economies around the world – prices on oil can change the value of currency, and plenty of labor in the industry can produce more goods for…
Opportunity cost essay sample
Opportunity cost is a valuable macroeconomic concept that describes tangible or intangible costs of the decisions we take. Our choices frequently cost us the alternatives we considered at the stage of selection. All alternatives have certain benefits, nevertheless, we express that one of them is more valuable than all others while we make a choice….
Value of money essay sample
Researching the free market, economists came to the conclusion that money is not a constant. While $100 are worth the same amount of money every year, their real value constantly changes. Consumers can purchase a different amount of products on this money because its purchasing power depends on many factors. Prices rise and fall, the…
Economic philosophies essay sample
Philosophy generally approaches economics as a moral science. It analyses the current state of science and its abstract values pursued by economists and methodologists. Economic philosophy is also concerned with questions of welfare and rationality as well as with the nature of social phenomena. Throughout the history of economy and trade, the most progressive philosophers…
Consumption taxation essay sample
A consumption tax is drawn when people start spending money. There are several types of a consumption tax such as a sales tax or value-added tax, which are mainly indirect. While an income tax is applied to everything we earn including interest and capital gains, a consumption tax is tied to everything we spend. It…
Collective action essay sample
Collective actions require a certain group of people working to achieve some collective good. It usually happens at various levels of the organization, from civic society to businesses. A problem of collective actions takes place when a group of individuals fails to achieve a common good. The theory of collective action was published in 1965…
Business cycles essay sample
GDP cannot remain stable for a long time in most countries of the world. They either expand their industry or run in debts. Business cycle is a change in economic activity such as an expansion or recession that happened over a period of time. Business cycles have their official dates imposed by the National Bureau…
Money management and budgeting essay sample
Wise money management is the ability of individuals to keep up with their current expenses and invest the remaining money. Budgeting is not something that shall be interesting merely to businesses. Households need to track their expenses to spend responsibly, in the first place. Excessive purchasing is a problem to those who suppose that…
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