Given the relatively small size of our economy, Malaysia is a country heavily reliant on exports as a source of income. Manufacturing, our biggest foreign exchange earner, currently accounts for the bulk (70%) of total exports led by electronic parts and components, followed by commodities such as oil and gas as well as palm oil. As long as this over-dependency remains, Malaysia will always be […]

Oligopolistic markets have three important characteristics. Firstly, Supply in the industry is concentrated in the hands of a few firms. The key here is to look at concentration ratios. Although it is possible for the industry to have a large number of suppliers, a high 4 or 5 firm concentration ratio of, say, 80% would suggest concentration of market power in the hands of a […]

These potential “losers”, he states, lactates between producers and consumers. Within his description, Wolff clarifies that exploitation is a direct consequence of economic competition. ” A competition has been set up for the general good, but without sufficient regard to how this affects the people who are enticed into the competition by the promise of victory’ (606). He therefore concludes that several methods of protection […]

One of the best technological ideas that helped AT&T stay competitive in the market was the introduction of the Apple pad. The pad offers deferent features and options for different ages, and has become one of the top rated mobile devices available. The Pad Is equipped with sound, a variety of applications, Is lightweight, equipped with WI-IF, and Bluetooth capability. However, the technology industry advances […]

Keynesian economics is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand . In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation The theories forming the basis of Keynesian economics were […]

Though, in order to achieve economic prosperity careful approach should be targeted on the differential policy needs of different places. Plus, there is a widespread sense that the forms of decentralization proposed for the English regions are too limited to have any larger impact. Throughout this research I would aim to identify gaps and deficits in English Regional governance and recommend solutions for addressing these […]

Introduction The Atlantic slave trade (AST) was a trade in human slaves that took place across the Atlantic Ocean from the 16th and on through the 19th century. It was a trade predominantly in African slaves from mainly the central and western regions of the continent, who were sold by African slave merchants and tribal leaders to European slave traders (Stearns 2001). The slaves were […]

In addition to the major influences on costs of production associated with Delta, economies of scale are also relevant to this firm. Economies of scale operate to the left of Q* or the minimum efficient scale of operations according to class lecture notes. So it is in firms best interest to expand and operate at a more efficient level. Delta is a Legacy Airline; because […]

Oil and Economic Change in Texas Oil and Economic Change, 1890 – 1945 History 226 Fall 2012 #14 I. Connections a. Memory i. Texans were more innovative and wanting to lead the march into the west. ii. Memory changes from southern memory to Alamo Texas revolution. 1. 1890-1945 attitude changed as Texas Economy grew b. Politics iii. Often been the case that politics either helps […]

Introduction In today’s era the organizations are facing the increased level of competition throughout the world and in order to be a part of this competition and to maximize their share in the market or to increase the profits, they must always keep an eye on the changing environment of the business world and should keep themselves updated to survive. Everyday many changes are appearing […]