Economics

The straight-line method of depreciation of assets is the most commonly used method mostly because it is not overly complicated. This method considers the salvage value of an asset and estimates the useful life of it and spreads over the assets benefit across that timeline. The idea is the company is utilizing the assets equally in that time frame. At the end of its useful life, it would be sold or donated. The major criticism about this kind of depreciation is that, this model assumes that assets...

The main automobile manufacturers in the United States car market have flooded the market with so many cars in the last few decades that purchasing new cars is increasingly offered many incentives to a buyer. This effectively lower the cost a buyer would have paid for a new automobile, and the net effect is the increase in rate of depreciation in the automobile industry. Typically, those who prefer buying used cars put much emphasis on the reduced prices born by an automobile that has been on...

Trade is an activity which has been pursued since the dawn of human civilization and is an indispensable part of the modern day economic system. Being able to play an increased role in the global trade has is one the factors that has changed the fortunes of many under-developed countries and help the substantially reduce the development gap (Catch-up) with the developed world. Inspite of this, trade between African economies remains low and this dissertation seeks to answer this question and look...

Marginal analysis is an economic concept that facilitates the making of best decisions, by comparing incremental or marginal benefits to incremental or marginal costs. It results from the scarcity of resources. MARGINAL REVENUE Marginal revenue refers to the change in the total revenue resulting from an increase in the produced quantity by one unit. This is the revenue from producing one extra unit of a good. RELATIONSHIP BETWEEN THE MARGINAL REVENUE WITH THE TOTAL REVENUE In Maths, a marginal...

Elasticity of demand is defined as the percent change in quantity demanded over a percent change in price. It is given by this equation Elasticity of demand  Q2   Q1  P2   P1       Q1  Q2    P1  P2 A good is said to be elastic if a change in price causes a change in quantity demanded, inelastic if a change in price causes only a little change in quantity demanded. Numerical elasticity coefficients (or elasticity values) can be...

The Agricultural and industrial sectors in Venezuela are the main contributors to development. Agriculture in Venezuela contributes about 4 of the total GDP. It covers about a quarter of the land and uses 10 of the labor force. Most of the exports are manufactured goods. Others include fruits, cigarettes, sorghum, rice and cocoa. In 2005 for example, the major markets for the exports included Mexico (4.5), U.S. (57.5) and Colombia (4.5)(Food and Agricultural Organization, 2010). The agricultural...

The United States is one of the countries in the world that has dominated many the world   aspects for many years. The country dominance in the world stage is due the strength of its many superior structures and institutions it has than any other nation in the world. The main pillars of superiority are its economic endowment, its human capital, abundant natural resources, its military potential as well asa tradition of the liberal politics and economic traditions. TheUnited States over...