Category: Microeconomics

Abstract The present paper provides an analysis of American Express to make predictions concerning the success or failure of the company in 2021. Despite the unfavorable macroeconomic situation in the world, American Express managed to stay profitable even during the time of the pandemic. Even though the company’s total revenues, total assets, and profit margin…

Critiquing government policies and attempting to create one that will bring success are two different activities. While one can say that government failures are worse than the market ones, it is clear that both of them can significantly impact people’s lives. However, state’s governments control many factors that contribute to people’s prosperity, while the market’s…

Introduction Monopolistic power is a profit earner for many companies. Monopolism still prevails despite the presence of government regulations against the formation of monopolistic power in the market, which brings deformities into the competitive scenarios. One of the vivid examples of the monopolistic dominance is Microsoft (Burrows, 2009). The article “Microsoft’s Aggressive New Pricing Strategy”…

Introduction Microeconomics is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources typically in markets where goods and services are being bought and sold. It examines how this decision behavior affects the supply and demand for goods and services, which determine prices, in turn, determine the supply…

Economics is a discipline that may be divided into two major categories, including macroeconomics and microeconomics. While macroeconomics addresses economic-related decisions made by governments and countries, microeconomics studies business decisions that affect individuals’ behavior in relation to supply and demand. However, even though macroeconomics and microeconomics refer to different spheres and subjects, they are interconnected…

Introduction Research Question: How does the pearl industry cause shifts in demand and supply, demand elasticity, and externality in Australia? Pearls are found in mollusks or oysters, and they are grown in limited areas of the ocean. They exist in different colors and shapes, and their prices are dependent on various factors, but the main…

Table of Contents Introduction Concepts and Model Analysis Conclusion Bibliography Introduction The rise in the price of gasoline is a widely discussed topic in Australia. This market affects and significantly affects the lives of both end consumers and at larger and larger levels of the economy. Since the Morrisson government significantly promoted the idea of…

Introduction The three core economic issues which influence the decision-making and economic stability of the countries are What, How and to Whom. It is assumed that in different countries, manufacturers and distributors use different economic theories in attempting to fulfill preferences. The countries selected for analysis are Guatemala, China and Japan. Country Analysis Guatemala Guatemala…

Table of Contents Introduction Circular Flow Diagram Three Segment, Three Markets Analysis Product, Resource, and Financial Markets Sectors Interaction in the Market Economic Implications Benefits of International Trading Micro and Macro Economics Conclusion References Introduction At its core, economics deals with people’s decisions to sustain the scarce amenities available to them. Microeconomics is the subdivision…

Economics in One Lesson by Henry Hazlitt provides essential information about microeconomics that non-economics professionals need to know. The author provides examples of major economic misconceptions, public misinterpretations, and public policy failures. Mostly, the author talks about economic policies and their consequences. Hence, the basic rule of economics “consists in looking not merely at the…