Economics Paper Samples

China’s and Australia’s Economy in 2021: Impact of COVID-19

Manufacturing Output The manufacturing output or production in the last three quarters of 2021 saw a decline, and COVID-19 is probably the main reason. In the fourth quarter of 2020, the change was 7.6%, while in the fourth quarter of 2021, it was 3.1%. It is important to note that...

The Issue of the Current Unemployment Rate

Introduction Unemployment is a state in which people are willing to work, but there are limited chances and opportunities for them. In the US, the issue has been a dragging factor when building the country’s economy due to the high rate of people lacking professional engagement since resources sometimes become...

Competitive Tax Rates as Incentives for Business Promotions

Introduction The formation of an effective market competition mechanism and a stable financial system are the main directions of state regulation in such a developed country of the world as America. States in America often recognize, support, and set business norms and standards through competitive tax rates. Maintaining VAT and...

Mountain Bank’s Strategy to Improve Performance

The given case study presents Mountain Bank as an American bank that provides such services as retail, mortgage, and corporate banking, real estate, and consumer lending. The bank has 25 percent of the consumer lending market and less than 10 percent of the real estate and mortgage banking markets. Currently,...

Overheating Economy and Passing Stimulus Bill

Introduction The article “SHIROFF: Overheating economy should not be a concern when passing stimulus bill” by Tailor Shiroff covers the topic of government incentives aimed at leveling the economy in a recession. In such a situation, the state, for example, issues benefits for certain groups of the population to stimulate...

Cryptocurrency and Related Controversy

Introduction It is no secret that human society is dependent on finances. Money is a specific commodity of maximum liquidity, which is the universal equivalent of the cost of other products or services. The development of money is inextricably linked to the development of the entire human civilization. Goods, weapons,...

The Essence of Economic Naturalist

Why do billionaires get more prosperous during the covid-19 pandemic? This puzzle needs to be solved because billionaires are getting richer every day, unlike everyone worldwide. COVID-19 has been one of the most significant pandemics in the world. It has dramatically affected the world’s economy since normal activities have not...

Globalization: Effects, Consequences, Pros & Cons

Globalization is a process which has begun its spread and development in the recent decades. While the process has been a long-standing part of the people’s lives, it has only begun to work in earnest in recent years (Tan & Macneill, 2015). With the creation and introduction of new methods...

Financial Challenges Faced by European Countries Importing and Refining Oil

Introduction Background For many European countries, oil importation and refinement serve as one of the key components of the economy (Figure 1). The industry of oil procurement requires significant investments and is associated with several financial risks (Guliyev, 2017). Among the most widespread challenges, one can note the role of...

Globalization and International Free Trade

The enhanced technological developments have led to the proliferation of international free trade and globalization over the recent years. Generally, globalization refers to the process used by organizations and businesses to gain influence worldwide or begin operating internationally. On its part, free trade denotes business activities or operations conducted globally...

Commodification Definition and Overview

Commodification is how goods, ideas, personal information, services, people, or even nature are transformed into products for trading. Merchandise is anything that has economic value or a product that is intended for trade. Commodification is majorly criticized because some things such as education, water, culture, human life, and women should...

Oligopoly and Employee Discount Pricing

Oligopoly is a type of market where few firms producing homogeneous or differentiated products dominate. The companies can be local, national, or international, and pricing power is one of their main characteristics. An oligopolistic producer considers the way others in the same industry will react to price changes. Indeed, the...

Evolution of the Budget Process

Introduction This report seeks to describe the formulation process of a budget in the United States. The focus has been placed on the fundamental aspects of organizations engaging the executive and the legislative arms of government. Government budgets are guided and stipulated by a set of rules making the entire...