Economics

Incidence of a tax connotes the ultimate economic effect of a tax on the real incomes of producers and consumers (Nordhaus, 2007, P. 76). The exact incidence of a tax depends on the price elasticity of supply and demand of the product (Nordhaus, 2007, P. 76). The product in consideration in the two chosen articles is cosmetic procedures such as Botox injections and tanning services. The tax falls under the category of luxury tax on cosmetic procedures (South-Western, 2005). Many states have in the...

Australia is a developed country within the southern hemisphere. It comprises the mainland, the highland of Tasmania and other small islands. It has membership in various international bodies like the United Nations, Organization of Economic Cooperation and Development, Asia Pacific Cooperation and the World Trade Organization. The countrys administration is divided into six states and two mainland territories. The common wealth parliament is superior to state legislation on most matters. The country...

In order for economic growth to take place, several factors are integrated and made to work together each playing a very crucial role. Economic growth is the annual average of all the  factors involved for it to grow and hence if one of the engines of economic growth fails, it will have a direct impact on the other engines as it will slow them down leading to poor performance of economic growth. The main engines of economic growth in any economy include political stability, availability and...

The U. S. Federal Trade Commission (FTC) has sued Intel Corp. for malpractices to stifle competition and strengthen its monopoly by adopting anti-competitive tactics preventing superior competitive microchips from reaching the market, thereby, depriving the consumers of choice and access to potentially superior non-Intel chips and lower price benefits (Lohr, 2009). The FTC is seeking a comprehensive order that will stop Intel from using threats, bundled prices or other offers to encourage exclusive...

This paper will be describing a few organization behaviour terminologies and concepts. Furthermore it will provide an analysis of the culture and behaviour of a particular organization that I have chosen and with which I am familiar with. Organizational Culture and Behaviour               Organizational culture and organizational behaviour are two very different things. While behaviour is how one behaves or acts, culture on the...

This is a Research Paper looking at the Australian Monetary Policy in depth. Some of the major elements of discussion here include the interest rates and the required reserve ratios for the period between 2008, September 15th to December 30th 2009. The paper will undertake to discuss the nature of these implementations by the Australian Central Bank. There will also be a discussion of the reasons why it was necessary for the Bank and the Government to make these measures and how the applied changes...

This post discusses my journey towards the horizons marked with leadership and success. It states how I achieved my dreams through hard work and perseverance. The beginning of this journey was not so pleasant as I was not satisfied with my early years in school. But as I crossed the borders, I realized the big opportunities that lay ahead and how I just have to have trust on myself and my abilities to achieve them. I have now become someone I can be proud of. I have reached the point that will make...

Sierra Leone is one of the many African nations which despite their many natural resources have remained way below in the economic growth ranking on the globe. Marked with many civil and military rules since its independence, this West African nation has for years attracted the United Nations to send peace keeping troops to oversee the security of its citizens. It should be noted here that peace and sustainable security are the most crucial factors towards realizing economic growth in any nation...

Stiff Competition from foreign enterprises due to globalization has affected almost every undertaking in international trade. Lots of firms are in search of opportunities to penetrate other foreign markets and spread out in the already penetrated ones. They franchise, license, export, andor do express foreign investment. The Gulf Cooperation Council (GCC) is made up of the Arabian Peninsula which comprises the Bahrain, Kuwait, Saudi Arabia, Qatar, the Sultanate of Oman, and the United Arab Emirates,...

International monetary fund is a global organization that oversees the world financial system by tracking the macroeconomic policies of the affiliate nations especially the policies that affect the exchange rates and the balance of payments. It was established in 1945 with 45 founding nations with the aim of stabilizing the exchange rates and helping in the reconstruction of the global payment system. It had been formerly created in 1944 during the United Nations Monetary and Financial Conference...