... 2) The market implies offering and choice. The way a market economy works is that there are market pressures that develop for different commodities. The pressures work in one direction for a while, but at the same time pressures are budding that work in the opposite direction. As people look forward and see there's going to be some profit made from their production, they'll make decisions to increase volume, usually hiring more people, buying more materials, often bidding up their prices. When people are competing in the same market, that tends to generate more and more pressure in the direction of expansion. But at the same time, as costs and possibly i ...
Words: 1662 - Pages: 7
... and also have to be kept in a good condition. As these rules are very strictly enforced, it is very rare to find a workplace not adhering to these regulations. Corruption is virtually non existent, so it would be a rare thing indeed to hear of an employer bribing government officials. In Kenya, however, it is the exact opposite. For example, the fitting technicians at our muffler factory hardly ever wear any protective clothing, even when welding metal using highly flammable gases. Despite being aware of the risks, they consider it to be 'unmanly' to wear any safety equipment. Their thinking is not much different from other employees all over the country. As a resul ...
Words: 1078 - Pages: 4
... the first Boston Pizza and Spaghetti House opened. The name of the restaurant is seemingly odd because Boston is the name of a city in the United States, and has nothing to do with a pizza restaurant located in Edmonton. Ron Coyle, the original owner, named the restaurant 'Boston' because the Boston Bruins NHL hockey team was the favorite of the Edmonton area in the 1960's and he wanted his business to use sports as a promotion. Another reason, which may have been more of a coincidence, was that his accountant's surname was Boston ("only way", 37). Boston Pizza and Spaghetti House became a popular restaurant and in 1968 it began to operate as a franchise. ...
Words: 2420 - Pages: 9
... 810 percent and national income grew by 420 percent [between1952 and 1980] ... average individual income increased by only 100 percent" (Ma Hong quoted in Shirk 28). However, attempts at economic reform in China were introduced not only due to some kind of generosity on the part of the Chinese Communist Party to increase the populace's living standards. It had become clear to members of the CCP that economic reform would fulfill a political purpose as well since the party felt, properly it would seem, that it had suffered a loss of support. As Susan L. Shirk describes the situation in The Political Logic of Economic Reform in China, restoring the CCP's pr ...
Words: 4612 - Pages: 17
... deficits and surpluses are not prolonged but are eliminated with relative ease in a reasonably short time period. The Asian crisis of recent falls into this category of inefficient balance of payments facilitated by depreciation of its currency. By competitively depreciating its currencies, Asia is exporting its deflation, its overcapacity and its lack of growth to the West, particularly to the US. History The past ten or fifteen years have seen an unprecedented expansion in the extent to which the countries of the world are tied together, both by instant communication and by international trade, institutions, and markets, including financial markets. On the who ...
Words: 740 - Pages: 3
... profit margins make up for the lost income and balance out that particular company, but everyone else must suffer the consequences. In the business world; the more they produce, the less they can sell for; the less they produce, the more they sell the product for. Profit margins can have a direct impact on the consumer. The more an item cost, the less a consumer will want to purchase that particular good. Higher profit margins may be able to balance a company's budget, but unless their product is in very high demand, most people will want to buy the product. The lack of people purchasing the item may cause the company to lose money and have no alternative ...
Words: 570 - Pages: 3
... in the decision making involved with money and industry . They can help to save money , resources , labor, and time . Microeconomics is the study of an overall economy . In studying microeconomics you study a wider range of services , productions , exchanges . While not as discriminate as macroeconomics , you can get a broader picture and grasp the basic concepts of an economy . Macroeconomics studies the study a single aspect of an economy , lets say the mining of coal . You don't research the delivery , the ‘market' ; all you study is the actual mining process . While this may be more limited in scale , you can learn more about that specific process . Y ...
Words: 582 - Pages: 3
... due to the result of strengthening of various European currencies against the U.S. dollar, fare increases in the market, enhanced management systems and procedures, as well as programs to reduce the dependence on wholesale ticket distributions throughout the Atlantic, Latin America, Domestic, and systemwide. Eventhough revenue was strong in 1988, labor and other costs increased at a higher rate as a consequence of efforts to improve service and effectiveness of the operation. Labor costs were higher in 1988 due to the result of an increase in the number of employees during the year. Also the addition of increased fuel prices, commissions, purchased services, ...
Words: 1404 - Pages: 6
... last for an estimate of 30 seconds. The advertisers created this advertisement very carefully because they filled the action of the scene with the feeling of a need for coca cola (their product). This ad made the view more entertaining as it interupted the regular program being displayed at the time. Techniques of repetion did occur fore they had the same advertisement run twice during the commercials. Speech was not being used, instead music and a image of heat which visually helped the scene. The music gives a sense of excitement to the viewers. The structure of this ad was regular. First the image of a hot day on the dunes in australia was being displaye ...
Words: 1044 - Pages: 4
... banks have expanded their dominance in the industry by acquiring key players in the industry or branching off into full brokerage services. For example, the brokerage firms for CIBC, Royal Bank, Toronto Dominion Bank, Bank of Nova Scotia and Bank of Montreal are Wood Gundy, RBC Dominion, Evergreen, Scotia McLeod and Nesbitt Burns respectively. In addition, the aforementioned chartered banks have also branched into the discount brokerage sector. As of December 1994, the Securities Industry as a whole included 158 firms, directly employs over 24,000 people, has operating revenue of $5.1 Billion and operating profit of $1.2 Billion (Appendix A). Within this indu ...
Words: 2304 - Pages: 9
