Economics : Page - 3

Research ObjectivesSharing Economy is regarded as an economic system that leads to the sharing of the services or assets between the private industries with the help of internet. It can be either for free or for a specific fee (Hamari, Sjöklint and Ukkonen 2016). In today’s downturn in the world economic system, many aspects have emerged as the potential solution for the countries and the adoption of sharing economy can be considere...

Australia's engagement with Asia1. D) Australia's foreign policy is based on ensuring we have an alliance with a powerful protector with similar cultural heritage and we pay very little attention in developing any regional architecture with Asia. 2. D) Australia has made significant progress on all the four strategies of the 1989 Garnaut report. 3. Asians view Australia as a country that is rich just because of dumb luck. A state that is racis...

The Production Cost of Weapons and its ImportancePart I  1. The economic argument for or against conscription: Conscription is a process wherein the national army makes it compulsory for the civilian to enlist their name in the army in order to fight a battle for the country or any other purpose. Historically this has been seen in many of the instances such as French revolution of 1790 and during the world war (Smith, 2016). This p...

Components of Electric Mobility ScooterThis paper is about the material energy flow in the company of the electric mobility scooter. Sustainability is discussed on how the components of the scooter can be made useful after they are damaged. Electric mobility scooters for disabled are the devices that are used by the disabled people to enhance their movement from one place to another. The circular economy is the system of regenerating wastes an...

The Importance of Effective Governance SystemsOver the decades, global political framework has undergone immense dynamics and changes, much of which can be attributed to the changes in the overall behavioural trends of the population across the countries in the world and the complexities arising in governing the social, economic, political as well as other aspects of the countries specifically and the world as a whole (Mosco 2014). With events o...

Overview of 3G Spectrum Rights Auctions in EuropeOver the decades, global political framework has undergone immense dynamics and changes, much of which can be attributed to the changes in the overall behavioural trends of the population across the countries in the world and the complexities arising in governing the social, economic, political as well as other aspects of the countries specifically and the world as a whole (Mosco 2014). With eve...

Growth and ContributionOverview of macroeconomic and monetary development of Canada                                                                                          The economy of Canada that relies heavily...

Site DetailsThis report presents an analysis of the proposed property development in Dundalk, County Louth in Leinster province, Ireland. The analysis is done by considering several factors including site cost (the cost of land) and both hard and soft building costs. The report then examines if the project is economically viable by comparing the total cost of the proposed development with that of another property that is located within a radiu...

State-centered TheoryThere are many approaches through which the ideas and concepts of governance has been realised and applied. Among these approaches the state-centred views and society-centred views are the most popular (Turner 2017). Both these approaches assist to understand the governance through the perspective of their importance for the citizen of the country. It leads to greater understanding of the complicated relationship of these ...

Advantages of Economic GrowthEconomic Growth & Nations’ Long Term Interest The factors affecting nations’ long term interest can be categorised into macro factors (Political set up, Social forces, Legal framework, Advancement in Technology, Economy etc.) and micro economic factors (Economic growth, state of Inflation, employment level, poverty, equality of income etc.). Economic Growth is just one micro aspect that is related ...

Nepal's textile and plastics production possibility curve i) A decision to produce bundle D instead of bundle B will lead to an opportunity cost of 70 units of plastics. The above statement is true. The production level of plastics needs to be diminished from 100 units to 30 units as to enhance the textile production.  The opportunity cost denotes the amount of goods needs to be sacrificed in order to obtain other good in the monetary...

Answer: Introduction: The aspect of demand elasticity is one of the crucial aspects in decision making of any business. Demand elasticity indicates the extent of change in demand proportion following a change in different demand determining factors. Demand and hence sales of a business responds the most for a change in own price of the product, income level of buyers and price of its competitor’s product (Carbaugh, 2016). The different ...

There were incidents of oversupply and underutilization of train wagons which lead to the implementation of the TOPS system. There has been also economic crisis faced by the British freight which resulted due to the competition from road haulage. As a result of manual conversation, much of the information had been inaccurate as a result of manipulation of information by the supervisors. The senior operations management were also unaware of what ...

Macroeconomic Equilibrium and Variables Macroeconomic equilibrium in the economy is that state where the supply of the economy equal the demand of the of tee economy.   The changes in the variable of macro economy will be having an impact on the rate of unemployment, price and also on the rate of inflation.  The variables of macro economy is known to affect a large population and is also related to the economy at the nation...

Assumptions and Properties of Production Possibility FrontierFigure 1: Production Possibility Frontier for cars and bicycles The frontier that indicates feasible combinations of two products or services an economy can produce using all the available resources employed in the most efficient way. The production possibility frontier also known as production possibility curve represent the implication off scarcity and opportunity cost in the econ...

Canada's Capitalism System and Economic SouthIntroduction The purpose of this essay is to discuss the reason behind the improvement of work and learning in Canada and economic South. One such reasons is taking democratic practices into account. The essay aims in discussing the concept of economic south and the need for introducing democratic practices into work and learning experience in Canada. It has been observed that in Canada, the capit...

Definition of Economic EfficiencyEconomic efficiency can be stated as that state in the economy in those cases where each and every resource will be optimally allocated for serving the individual in the best way. In case of an efficient economy, when a change is made in the entity it will be changing the other as well. Goods are generally produced at their lowest possible cost with variable inputs of production. Therefore, economic efficienc...

Funding composition of Australian banks and the impact of global financial crisis1.In Australia, banking sector has changed its funding composition over the years through altering funding costs and rates of lending. This situation can be analysed precisely in the context of global financial crisis, as this has adversely affected funding composition and costs of banks in Australia. The flow-on effects have affected lending rates as well as net ...

Pharma economics in Australia and New ZealandAustralia and New Zealand are two neighbouring nations who possess much amount of similarity in terms of economic policies as well in terms of geographical topologies too. Over the years, a distinct feature that has become prominent within two countries is pharma economics and it mainly deals with the medical policies in the state (1). Though, in case of policies, these two economies differ by a mod...

The CRR Report and CommInsure breachesPart 1 No. The CRR Report and CommInsure breaches References The CBA Code of Conduct and CommInsure breaches References 1 The CRR talks about sustainability. This principle was not bleached by CommInsure as a comprehensive review of the 2017 CBA’s CSR report, reveals that CBA has innovation, education, and sound business practices as descriptors of its corpo...

Equilibrium Wage Rate and Labour Market AnalysisAnswer 1 A minimum wage is the lowest amount of payment that the employer needs to pay to the employee (i.e. the wage earners) for a set period of time which cannot further reduced by an set of contract or agreement (Jardim et al. 2017). Binding minimum wage is set above the wage equilibrium level where the firms are forced to pay and are not willing to hire at this particular wage. Answer 2 A...

Brief OverviewIn real world, people receive greatest benefits and satisfaction by taking optimal decisions. In the field of economics, people get large number of options along with scarcity constraint from where they need to select the best option that can satisfy them significantly. In this context, behavioural economics deal with psychological and economical aspects of a human to understand about their irrational activity at the time of decisi...

The Role of Government Intervention in the Petroleum Market The petroleum industry in the Australia is one of the highest contributors in the world. Australia has about 257 trillion cubic feet of the resources of gas (Valadkhani and Smyth 2018). The petroleum industry of the Western Australia is also one of the largest contributors of most of the petroleum goods.  The government should continue to intervene the marketing for petroleum ...

Limitations of using GDP as a measure of economic performanceAs per the report issued by Commission on the Measurement of Economic Performance and Social Progress in 2009, Gross Domestic Product Per Capita cannot be regarded the only indicator of country’s economic performance and its social progress due to certain limitations possessed by the same. In order to reflect the structural changes in the modern economies, conventional measur...

The Stability of the Australian Economy In the contemporary period, owing to Globalisation, trade liberalisation and technological as well as infrastructural developments across the globe, the business environment in the global scenario has become more integrated, interconnected and inclusive. The businesses in a country and their operations, decisions as well as outcomes (profits, revenues, clientele, market expansions and sustainability) depen...