Economics : Page - 9

Regulating Prices of Natural Monopolies Question: Discuss about the Operations of Natural Monopolies. Essentially, natural monopolies exist due to the existence of high entry barriers for other firms into the industry thus creating a single producer of goods and services with no close substitutes. Regarding regulation of natural monopolies there is need to properly understand market structure of natural monopolies, analyze merits and demerits ...

Economic growth and labor supply Outline and Evaluate the value of the Lewis Model to Understanding Growth in a Labour Surplus Economy. This essay discusses on dual sector Lewis model, which focuses on the migration of labour between two sectors. Two sectors described in the Lewis model are capitalist sector and subsistence sector. One is rural agricultural sector and other is urban manufacturing sector. The characteristics of subsistence secto...

Maxims of Equity Discuss About The Maxims Were Originally Quoted Down In Latin? Doctrine of unclean hands is a Maxims. Maxims were originally quoted down in Latin. They are not any written down law, they are general rules that have been enforced by the law as a general rule and has continued to run down through generations amongst judges. [1]The exact words of the maxim may vary from court to court but the real meaning will always remain the sa...

Total Factor ProductivityWrite a report on What is total factor productivity growth and why is it Important? Total factor productivity is a neo classical concept. The conventional growth model describes the output growth assuming constant return to scale with given technology. Total factor productivity was first accounted in Solow growth model. In Solow model, it is taken as a residual term that is portion of output that remains after c...

China Economic Cycle Outline the main features of the New normal Phase of China's Economic Growth. The economy of china has experienced outstanding amount of growth in their last few decades, which enabled china to become world’s second largest economy. During 1798- when china commenced the program of economic reformation, china was ranked ninth in the nominal gross domestic product with USD 2014 -13824. After 35 years, it jumped to secon...

Evolution of EconomyDiscuss about the Regional and Local Economic Development. The world map depicts New Zealand as two islands lying gloriously on the south west part of Pacific Ocean in the Southern hemisphere of the Earth. The geographical territory of the country majorly consists north and south islands with presence of almost six hundred smaller islands and surrounded by sea and oceans. This not only led the country to possess ri...

Immigrant Economic Outcomes in Canada over the past three decades Discuss about the Immigration and Ethno Cultural Diversity in Canada. Canada is known for having one of the highest immigration rates among OECD countries. It constitutes inflows of residents from different nations at a rate of approximately 0.8% of the overall population. Most of them stay permanently in the nation and thus creating pressure on the existing labor force. As per d...

Concept of Total factor productivity Discuss about the TFP Growth and the Importance of TFP growth in Asian Economy.  This essay gears up understanding about TFP growth and the importance of TFP growth in Asian economy. TFP growth is essential for the continuing growth of countries economy. Asian economy has experienced slow-moving trend in factor productivity growth as a result of global financial crisis occurred past 10 years. That affec...

MicroeconomicsDiscuss About The Report Is Concerned With Microeconomics? This report is concerned with microeconomics and macroeconomics in relation to Australian economy and how the factors of these two affect the economy. Microeconomics includes the internal factors that affect organizations such as efficient utilization of resources, opportunity cost, decision-making, identifying the ways, which leads to effective production, grievan...

Analysis Explain On May Want To Regulate Natural Monopolies? In every economy, natural monopolies play a significant role. Primarily, a monopoly refers to a market in which when only one firm operates and dominates an entire industry (Beggs, 2016). On the other hand, a natural monopoly is a specific type of monopoly that arises when a single find firm dominates the market due to extremely high startup capital and fixed costs associated with Ope...

1.Causes of High Market Prices 1.Why house prices are so high in these two capital cities and provide evidence to support your answer. 2.Suggest ways the house prices can be contained (reduced) and provide evidence to support your answer 3.If you are a young Professional with a very young family, provide reasons how one can afford to buy into such an Expensive Housing Market in Sydney or Melbourne at such current high price and provide evidenc...

China's Economic Growth Discuss about the Economic Growth of China. For some time now, China has been experiencing sustained economic growth.  However, the level of economic growth experienced has constantly been diminishing since 2010. According to the World Bank (2017), China has one of the fastest sustained expansions globally. On average, its GDP growth level is about 10 percent per annum. The economy had reached all its Millennium Dev...

Negatives of Education ReformsDiscusss about the Education Reforms In Australia. Noteworthy, an educated and skillful labor market is an asset for every economy hence the need for government to invest into education. Inevitably, technological and economic conditions are ever changing thus prompting the need for governments of both developed and developing countries to update their education system to enable their future task force to be...

Importance of Price Elasticity for Business Firms Discuss about the Motivation and Purchase Intention Luxury Goods. Price elasticity of demand refers to the percentage change in the quantity demanded of a good or service due to one percent change in its price (Varian, 2014). The concept of price elasticity of demand plays an important role in the price making decisions of the businesses and price regulatory decisions of the government. It also ...

Background of Tiriri Matangi Island Question: Discuss about the Pros and Cons of Managing Endangered Species ? Tiriri Matangi is an island located in the Hauraki Gulf for the Conservation and management of endangered plants and animal species. The island covers an approximate area of two hundred and twenty hectares. The Tiriri Matangi Island has transformed into an open sanctuary for both Aucklanders and the Rest of the World. The goals and ai...

What are Externalities?Questions:1.The Nature of Externalities and Explain the difference between a Positive and a Negative externality. 2.Why Australian Governments would Intervene in the Market for dogs using Externality Theory. 3.One type of Intervention that the Australian Governments can use to Encourage Dog Ownership. 4.Show on a Correctly labelled supply and demand diagram the private market for dogs. Then Show the Effects of the Governme...

Reasons for rising property prices in Sydney and MelbourneQuestion:Discuss about the Business Economics Rationale for Increased House Price. It has been seen that the home process in the capital cities of Australia has increased by 10.9% in 2016, which is observed as the highest in compare to what was achieved in 2009. It has been further seen that Melbourne and Sydney has been able to witness highest price inflation with 13.7% and 15.5%. The es...

Background of McDonald'sQuestion:Write a Report on Pricing Stategy of your Choosen Company.Economic analysis is quite important in pertaining the prising strategies that are to be associated by a firm. It helps the firms to arrive at the proper execution of strategies, thereby maintaining their business in the market. The pricing  strategies associated to a firm depend upon its competitive market. The magnitude of competitiveness in the mar...

Reasons behind high housing pricesQuestion:Discuss about the Economics for High Housing Pricing.Notably, Melbourne and Sydney have recorded high housing pricing as compared to other areas in Australia. Currently, housing affordability in Sydney and Melbourne is not affordable for some of the Australian population. Also, the housing prices in these two places are considered overpriced thus deterring potential new house owners in these a...

Reduced GrowthWhat is the Economics Analysis of a Project? Japan’s economic performance has been fluctuating over the past few years. The last three years have seen the Bank of Japan (BOJ) ramp up stimulus programs with the aim of ending the recurring deflation, increasing investments, enhancing consumer spending and increasing the wage rates in the country. However, the misguidance of investors by government data have been a majo...

Critical Overview of the Queensland Prawn MarketDiscuss about the Economic Impact of WSD Outbreak. Australian Prawn market plays a significant role in the economy as well as society of Australia. The current outbreak of White Spot Disease (WSD) has immensely affected the prawn market. Millions of prawns have been dumped in three days due to the sudden crisis of WSD. Moreover, the government has been forced to ban the import of green pra...

Minimum Wage Legislation in AustraliaDiscuss about the Pros and Cons of Minimum Wages. Most federal governments set a minimum wage legislation to protect workers in the labor market. Typically, a minimum wage refers to a worker’s base pay per hour. Often, this base pay is set above the market equilibrium pay rate. Thus, employers are expected to pay its workforce a wage above the equilibrium pay rate. In Australia, the federal gov...

Stage of DevelopmentDiscuss about the Analysis of the Kenyan Economy. Over the past years, the Kenyan economy has been experiencing constant growth. Today, the country has the largest economy in East Africa. By and large, this growth is attributed to the nation’s well-educated labor force and its access a vital port that serves as an export and import terminal for the East and Central African community. In addition, the nation has...

AnalysisDiscuss about the Oligopoly Market Structure in Australia. All the markets in the world are comprised of four market structures; the perfect competition, oligopoly, monopoly and monopolistic. This paper will cover the oligopolistic market structures in Australia and will be useful in determining the outstanding features of these markets. An oligopoly market is one where the sellers are many but there exist some few giants that do...

Analysis of ProductionDiscuss about the Macroeconomics Calculate GDP Growth Rate. France is one of the strongest economies in Europe and also the world as whole. It has a mixed economy with both private and state enterprise being of a substantial amount and is also characterised by a significant amount of state intervention. It is the second largest economy in Europe, second only to Germany, and contributes about one fifth to the Euro A...