Smartphones market is a good example to show that the advances in technology that can reduce the input cost of production easily by shifts in a supply curve. In this 21st century, technology became advances that can improve the efficiency of production and this will cause the supply curve shift to the right. The lower the cost of production goes will affect the consumer demand more smartphones at the lower price. Based on my research from Evalueserva, Nokia, one of...
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The issue of money in politics is not new. Those with the biggest pockets are able to sway government policies through donations, fundraisers and campaign finances. Analyzing this from a comparative politics perspective can prove difficult, as countries tend to deal with this issue in different ways. In America, the existence of PAC’s and Super PAC’s gives way to a disproportionate influence within Congress and the executive body, while in the UK, donors can essentially buy access to government officials...
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Immigration has been a significant impact on Americans' dreams since the late 1800s-1900s involving around ten-million immigrants getting into us. This has stimulated resentful attitudes from Americans as a result of immigrants obtain their dreams here, rental immigrants have a touch additional attention than Americans do. To measure the American Dream would be to measure in peace with no worries concerning cash, safety, hunger or loss... cash could be a sturdy consider this dream to most resulting in the very...
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As students, you are already having a few adult responsibilities. One of such is budget planning and management. A large percentage of students will not be living with their parents but are living alone or with a roommate or with roommates. How then can you ensure that you properly manage your finances? That is actually the whole essence of this conversation. Whether you are from the upper-class, lower-class or middle-class, we all need money management skills. In order not to...
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I agree with Shapiro and Varian's statement of technology changes, economic laws do not. I would say economic principles do not change but evolve as technological advances take place and have a significant influence on shaping our modern-day economy. As the technology that surrounds us and is immersed in our daily life advances, it changes the efficiency and level of production for the most part, in a beneficial form for the consumer and the producer, but at the cost of...
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As we know that necessity of humans always come first. People have three essential things first in their life, nourishment, haven, and garments however these days most individuals don't have these fundamental things for enduring. The greater part of the created nations confronting destitution issues. On the other hand, government spend more and more money on space research. Envision you possess a house that you have demolished throughout the years and never tried to fix any of its fundamental pieces,...
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The state of Europe’s current economic recession taints all promise for its future, its excellence, and its international prestige, as manufacturing in the EU has hit its lowest point since the previous eurozone crisis in October 2012 and is expected to stay this way for the rest of 2019. Although the euro, a common currency shaping the eurozone as a monetary union in which 19 of the 28 countries in the EU recognize the euro as its sole legal tender,...
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Football is the world’s game. It is played by over 250 million players in over 200 countries. From the Turks and Caicos Islands to the Russian Federation. It has risen to become the best sport in the world because anyone can play all you need is a ball. The game has come a long way since 1869 but during the 1990’s the game changed dramatically. Suddenly TV deals brought the game to a new level, record transfer fees and wages....
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The economy is significantly essential for one nation’s development. If the economy was depressed, many individuals and organizations would suffer seriously. In this essay, I am going to present factors that affect the business environment, explain the factors that drive supply and demand. The environmental forces that impact on company’s ability to serve its customers are the micro-environment and macro-environment. Firstly, micro-environment is the factors that affect its ability to serve its customers - company, suppliers, marketing intermediaries, competitors, public...
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Technology is an inevitable tool in today’s competitive world. Banks today operate in a highly globalized, liberalized, privatized and competitive environment. To survive in this environment, banks have to use Information Technology to provide traditional and other banking services in a digital platform. Plastic money is a term that is used to denote the hard plastic cards which the bank customers use every day in the place of actual banknotes. With increasing economic and financial liberalization, banks feel it desirable...
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Money power is defined as, “Money is one of the primary collective powers developed by humanity for social accomplishment. Like language, money is an instrument to promote productive, cooperative human social relationships. Money is one of the greatest inventions of all time”. How Could Money Change Your Lifestyle and Your Way of Living? Simple if you have a lot of money the word hard work is not be found in your dictionary. Only us commoners need hard work to keep...
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Time is money, just as money is time - but is one really worth more than the other? You spend at the bare minimum twelve years of your precious time preparing to waste the next forty at some menial job just to make money and retire to live out the next fifteen years of your life at some lake in the middle of Michigan. Time is free, and everyone has the same amount of it, unlike money. Time isn't just...
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Money brings out the good and the bad in society. One of the perks of cash flow in this society is it brings us together. Money is the foundation of almost all our interactions. Half the interactions I have in public come from people who recognize me from work. Money can cause us to be drawn towards certain individuals and sometimes it causes hatred towards another. Money can make us envy people with no money, and be jealous of those...
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This paper aims to examine the effect of the spread of Covid-19 on the Egyptian companies trading in stock markets. The outcome of such an infectious disease is regarded as serious. It actually affected stock markets worldwide. Using an event study method, our results indicate that the stock markets in major affected countries and areas fell quickly after the spread of the virus. Egypt is one of the highly affected countries with a high rate of deaths. Further panel fixed...
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Have you ever thought of how money started? Well, it all started with bartering. People use to swap their goods for the other persons goods. Bartering turned to coins. The first coin ever minted featured a roaring lion created by King Alyattes in Lydia now known as Turkey. Coins then turned into bank notes around 1661 AD. In 1950 credit cards were then introduced. Money has evolved for the better because there is more control over how much people take...
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The impact of a changing demographic structure on the price of financial assets, especially stock prices has been the subject of extensive research and discussion for some time (Quayes & Jamal, 2014). Data gathered from the U.S Census estimated there were 65 million US born baby boomers accounting for more than 20% of the US population in 2014 (Colby & Ortman, 2014). Thus, when we consider the vast stake the baby boomer generation have on the stock market, it is...
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Economics is regarded as the social science that is concerned with the distribution, production as well as usage of goods and services. In economics, demand and supply are those factors that are said to decide price, producers would like to sell at a specific price i.e. supply, and customers will be able to buy the product by determining the price of the particular commodity. Supply refers according to the varying amount of commodities that producers will supply at various costs...
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Gold’s Gym, originally started by Joe Gold, is an American chain of international co-ed fitness centers. He opened the first Gold's Gym, with homemade equipment, in August 1965, in Venice Beach, California, way before gyms existed. The gym got popular when it was in a documentary, ‘Pumping Iron’ (1977), and Arnold Schwarzenegger and Dave Draper used to train there. Each gym offers a variety of cardio, weightlifting and strength training equipment as well as group exercise programs. Its corporate headquarters...
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The fraudulent use of a card account by the theft of the account holder's card number, card details and personal information, through a plethora of methods in order to perform unauthorized transactions from the compromised account is called a card fraud. Causes of Credit Card Fraud Reasons for massive online card fraud are that it is easy enough to buy stolen credit card information, moreover, legal action is rare, and online fraud may be a low priority for law enforcement,...
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Money can give you joy and happiness, but not all happy moments last forever. According to, Gilovich and Leaf Van Boven of the University of Colorado, “Doing things can bring us more joy than having things. Our preoccupation with stuff obscures an important truth: the things that don’t last create the most lasting happiness”. Money can certainly get you a lot of necessities, but money can make you want to get even way more money, so eventually, you feel like...
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The World Health Organization has declared the COVID-19 (Corona Virus) a global pandemic. The COVID-19 outbreak has affected the majority of businesses across the globe. This includes both small and large business enterprises as well as the global market at large. The price of commodities has risen due to the decrease in their supply. Some of the basic commodities have gone out of stock while others are still available but in small amounts. Being a worldwide pandemic, every economy has...
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As used in everyday conversation, the word money can mean many things, but to economists it has a very specific meaning. To avoid confusion, we must clarify how economists’ use of the word money differs from conventional usage. Economists define money (also referred to as the money supply) as anything that is generally accepted as payment for goods or services or in the repayment of debts. Currency, consisting of paper bills and coins, clearly fits this definition and is one...
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Credit cards is a plastic card that lets you pay for goods or services and can be paid for either at the end of a set period which is normally a month. The minimum payment will be a percentage of the balance on the credit card. It is suitable for buying goods or services. It is also used for convenience and safety as an alternative to using cash. Credit cards, also known as plastic money, have seen a significant increase...
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The first colony of Australia was established at Sydney by Captain Arthur Phillip on January 26, 1788. They believed the land was terra nullius or empty land as they couldn’t see any evidence of buildings, crops, land development, fences, borders or governments. This assessment was incorrect as the land belonged to the Aborigines as they had lived there for over 60,000 years. Chinese migration and settlement in New South Wales has a long history. Early records show evidence of Chinese...
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1.6 billion people are homeless in the world (“As Cities Grow, So Do the Numbers of Homeless.”). Something happened the other day that I can’t ever get out of my head. There was this guy that was probably in the war, he had one arm and one leg, he was a black man and he was very hungry. We were waiting on the sidewalk to catch the bus when this homeless guy who asked for money. I thought to myself,...
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The United States has spent $601.31 billion on NASA since its inception. The total estimate is $1.32 trillion when adjusted for inflation, an average of $22.03 billion annually over its entire history. The budget for fiscal year 2020 for the National Aeronautic Space Administration is $21 billion. It is an increase of 1.4 percent compared to FY 2019(Amadeo). There is a steady increase over the years; these numbers will go further and further up. Though this seems like a lot...
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Now in this modern society, the world is gradually opening up and very variously countries and regions are gradually becoming together. Because of this, language has gradually become convergent. There are almost seven thousand languages around the world, but in every tow weeks, there is one language becomes perish. According to the tendency of the worldwide fashion, people nowadays are more likely to speak English or their official languages in their country or region what makes the vanishing of the...
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