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,...
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...
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,...
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 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...
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...
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 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 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...
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...