Economics

This essay aims to analyze the where the American economy is in the business cycle and the implications for the oligopolistic and monopolistically competitive firms in terms of prospects for higher sales and labor cost. Oligopolistic firms are a small group of firms that control a particular market while Monopolistic firms are those which exert control over most of a market. Therefore the two types of firms defined are bound to be affected in a certain way when factors such as real GDP growth, inflation,...

The ever increasing market in food retailing business is big attraction to supermarkets which according to Hingley (2005) dominate the food retailing business in UK and the rest of Europe. The rise in number of food retailing supermarkets has led to an intense competition between supermarkets with each supermarket constantly looking for ways that they can be better than their competitor. Although they may be retailing the same products, these supermarkets actually provide different types of services...

Privatization is a process of transferring ownership of a business, enterprise, agency or public service from the government or rather the public sector to the business or the private sector. It refers to the transfer of any government function to the private sector including some government functions for instance, revenue collection and law enforcement. There exist three types of privatization, share issue privatization, asset sale privatization, and the voucher privatization. Share issue privatization...

Immigration reform is arguably, one of the major issues that many policy makers are confronted with in most developed countries. The increase in the number of illegal immigrants especially in the United States of America has been rising each year, leading to concerns of its implications on the public finances, wages and the security threats that it poses for the country and her citizens. This paper is going to focus on the implications of immigration on labor market economics with special reference...

Abstract This paper attempts to examine the past and present performance of the Nigerian manufacturing sector. The major problems and limitations that impede the growth of the sector were analysed. In the 1960s and 1970s after the countrys independence, the Nigerian manufacturing sector had been developing positively as a result of direct foreign investment. Foreign companies had introduced new manufacturing technology that saved time and cost, and improved the quality of the products manufactured....

The existing stiff competition in the business world calls for an equivalent strong business strategies in order to thrive in the market. In this regard, many firms have emulated product diversification, rebranding and expansion of product line as a technique of fighting off the competitors while maintaining strong competitive advantage. In the same way, big and small firms have increased their investments in the areas of innovations so as to produce quality products which the competitors are not...