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Opportunity Cost and War

Economists describe opportunity cost as every dollar that we cannot spend on other priorities whether at home or abroad,... Details

The Highest Stage of Capitalism

Karl Marx thinks that the new economic system that has taken over is not the right system and therefore individuals and... Details

The American Economy

The American economy is best defined as a consumer based economy. In such an economy without the influence on the govern... Details

Differences between Economies of Scale

Economies of scale refer to an increment in production as a result of an increase in a firm’s size in order to dec... Details

Principles of Economics

The perfect price discrimination is illegal but, the imperfect discrimination is achieved, when the price discrimination... Details

How America Must Use This Vital Source

Presently, America is facing an assortment of tribulations, both a broad and internally. The on going war on terror both... Details

The Use of Foreign Currency

A derivative is any financial instrument whose pay off depend directly on the value of an underlying variable. Usually d... Details

Employment Patterns, Gender and in Formalization

The economic organization of the USA has been influenced by various economic models. For example, globalization has been... Details

Regulatory Competition and Cooperation

Historically, information communication technology often referred as telecommunication markets in Europe were believed t... Details

Companies Like Starbucks Entering the Chinese Market

The question that has emerged of late regarding the Chinese market is not whether any company should enter the market bu... Details