Economics

GST Reduction Boost Economy

Though sales taxes are a substantial source of revenue for government, sales tax cut can eventually help economy to grow. For long run economic growth, Goods and Service Tax (GST) reduction will be more beneficial than income tax reduction. If GST is cut, it will encourage the firms to invest more in production activity. Entrepreneurs …

Market overview

Market overview Current businesses are forced to build economic and political connections that usually take the form of transfer of funds, goods, and people across state boundaries. This aspect of connection has also seen collective sharing of ideas and principles which have resulted to increase in the speed of change, vagueness, doubt, and unpredictability in …

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Nordstrom is an enduring symbol of economic prosperity in the 20th century United States

Introduction             Nordstrom is an enduring symbol of economic prosperity in the 20th century United States. It is a corporate success story which stands apart from lesser performance in business terms (Nordstrom Inc. 2007) by other sectors such as the once-glorious automobile manufacturers of Detroit. The company has impressive growth and profitability records (Nordstrom Inc. …

Viva NAFTA? – pros and cons of NAFTA – Cover Story

Viva NAFTA? – pros and cons of NAFTA – Cover Story National Review,  Oct 18, 1993  by Tom Bethell Is NAFTA a free-trade accord? Or have President Clinton’s side agreements turned it into a document locking us into an international regulatory behemoth? THE FIRST thing to say about the North American Free Trade Agreement is …

NAFTA, Karl Marx and Conflict Theory

At present, our society is still locked up with a classic structure of class distinctions or in other viewpoint, discriminations. The boundary categorizing each group of people is best epitomized by the “pyramid structure” in which the base constitutes to the greater majority of individuals better known as the working classes or the proletarians while …

The regulation of prostitution in the United States would be of economic, health and soceital benefits

  Introduction: When thinking about trades that have been around for centuries, prostitution is not one that normally comes to mind yet it is claimed to be one of the oldest of professions. People have very different views on the subject of prostitution. According to Berkin, C and Mary B. (1979)  Since Mesopotamian times, attitudes …

For the Degree of Bachelor of Arts

Executive Summary The pressing issue such as the rising default rates in Sub-prime mortgage lending in the USA, have without a doubt caused tremendous hurdles in the way of the lenders. The problem has taken a toll to the extent of lenders filing for bankruptcy. The Regulators strongly believe that there should be tapering the …

Economic Gas Outlay: Why Gas Prices Will Stay High

          Article summary The article identifies the major reasons why oil prices have become high and will remain high. Lynn Westfall, chief economist for Tesoro (TSO), suggests that the increase in the cost of crude per barrel leads to an increase in the prices of gasoline. The chief economist also suggests …

Mexico long term economic cycle

Economic Background and Concerns In the late 1990’s there was significant concern regarding the slow growth of the Mexican economy: The concern stemmed from comparative studies with Latin American countries, in particularly that of Brazil, Argentina and Chile (Bulmer-Thomas, 2006). Another basis for the concern was studies regarding the quality of life and poverty levels …

Economic Background and Concerns

Economic Background and Concerns In the late 1990’s there was significant concern regarding the slow growth of the Mexican economy. The concern stemmed from comparative studies with Latin American countries, in particularly that of Brazil, Argentina and Chile (Bulmer-Thomas, 2006). Another basis for the concern was studies regarding the quality of life and poverty levels …

NAFTA and the Mexican Economy

  Delphi, in 2003, employed 70,000 Mexicans at its Ciudad Juarez plant.  The company saves by paying an assemblyline worker with considerable experience a little less than $2. The worker, however, is delighted to get the job because that’s around thrice Mexico’s minimum wage, plus the good environment and colleagues.  This scenario was made possible …

Concepts of Marking Up

A markup is an amount added to the price of a good above its cost of production and distribution. Markups must have the capability to suffice all foreseen expenses and reductions on the goods to be sold (Axarloglou, 2004). There are three methods to which price markups are determined. These are based on the product’s …

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