Economics

The media is a tool that is used to deliver news as well as educates people. There are various aspects covered in the news broadcast that are delivered by the media. Articles in the news have impacts to all divisions of the society. Global warming is a topic that has been discussed by the media in the recent past. The causes and impacts of global warming have been explained at length by all stakeholders in the economic arena. Media and economics are linked and they relate in the delivery of information...

The global steel industry is characterized by slow market growth, competition, and pricing problems. The most important challenges facing leading players in the global steel industry today are intensified local and international competition and environmental demands for lower carbon dioxide emissions. This essay discusses these challenges and how some companies managed to stay competitive. Competition comes from local and international companies, and some of the fiercest competitors arise from...

The controversy over the leasing and settlement of government lands in Texas can be traced back to the Annexation Resolution in 1845, by which Texas was permitted to retain ownership of its public domain. The legislature divided the domain into three classes soldiers or veterans grants (equivalent to several thousands acres), school and university lands (leased land), and railroad grants (served as inducement for rail companies to construct lines from East Texas. The state created a checkerboard...

Economics is a broad field which deals with several complex ideals that all root to the concept of scarcity. Scarcity is a phenomenon which pushes people to make some of the most crucial and critical decisions in their lives. In economics, this claim also holds true, since the core of economics is all about making choices. Without scarcity, it is said that economics cannot exists since scarcity is basically the root of economics core principles. Basically, economics was deemed as the science of...

The housing bubble has become one of the major economic problems in 2008-2009. Since the middle of 2008, housing prices have presented the major economic challenge to everyone, who was involved in borrowing-lending activities. In his article, Robert Frank (2008) presents a novel look on the housing market. While Congress, according to Frank (2008), is debating loan guarantees that would help homeowners renegotiate their mortgages, the real causes of the housing crisis remain unclear. Frank (2008)...

Medicaid and Medicare are two different programs and are often confused with each other. It is important to understand the differences between them. Medicare is a federal medical insurance program primarily for persons over 65. Medicaid is a federal-state medical assistance program for low-income recipients of public benefit programs. Medicare provides only partial coverage, and requires beneficiaries to pay premiums, deductibles, and co-payments. Medicaid provides more complete coverage, without significant...

Economics is the field of study that helps us understand the practice of production, distribution, and final consumption of the commodities or goods and services produced by the manufacturers. Since this research paper is all about shedding light over the basics of Microeconomics, therefore we first must understand what actually Microeconomics is. Microeconomics basically deals with the models that are designed to help us understand and make sense out of the process of resource allocation through...

The world is just recovering from what is arguably the worst economic crisis since the Great Depression. The impact of the economic crisis was heaviest between 2008 and 2009, threatening to bring the worlds largest, and seemingly resilient, economies to their knees. Democrats and Republicans agreed that the economic situation in their country was grim and unless something was done to reverse or arrest the trend, the economy would collpase. Since 2001 when the US economy started shrinking, former...