Free Market Research Papers Samples For Students

A free market economy is said to be free because market forces of demand and supply control it. There is little or no government intervention at all levels of the economy. Therefore, the equilibrium price of goods and service market is a mutually agreed price between the sellers and the buyers. The state doesn’t intervene by offering subsidies, imposing taxes or through any form of regulation. The free market is an ideal one that cannot exist in the real world. However, governments can deliberately reduce their influence in the market to shift from a command economy towards the ...

Introduction

A discussion among the classical economists and the Keynesian economists continues on the government intervention in the free markets. According to the classical economists, the free market mechanism can develop solutions for the crisis in the market if there is no external influence on the markets. The Keynesian economy merely expresses that the free market economy carries the risk of generating crises and undesired deficit or surplus in the economy when the demand cannot clear the supply (Posner 234-252). The discussion on the government intervention is changing direction each time the world economy suffers from a global crisis becomes ...

The Federal Reserve is an independent federal agency that was created on December 23rd, 1913; the purpose of this agency was to carry out the functions of a central bank to implement centralized control over banking system of the United States (“The Federal Reserve: What Is The Fed? | Investopedia”). The Federal Reserve consists of 12 Federal Reserve Banks located in major cities, nearly 3 000 commercial member banks appointed by the President of the Board of Governors, Federal Committee on Open Market and advisory councils (“The Structure and Functions of the Federal Reserve System”). The basis for its creation ...

Russian and Cuban Communism

Communism is a political and social movement that aims for a classless state where the means of production is owned jointly by the society. The government is the overall owner of the means of production and ensures the masses share in the distribution of wealth. The communist movement has been prevalent in countries like the USSR. The application varies though in various countries. Russian Communism is better than Cuban Communism because limited political pluralism exists in Russia. The political pluralism though limited in Russia can lead to further reforms in the future where the people will elect the political party that ...

In Economics, it is common to outline general principles that may be used for explanation of development of economy from local to global level as well as behaviour of different stakeholders like private companies, governments, consumers, etc. These principles are usually categorized in three groups: how people make decisions, how people interact with each other and forces/trends that influence the economy. In this paper, they will be briefly presented in order to understand better how companies should act in order to be competitive and responsive to the market changes.
How people make decisions. In the free market economy with ...

Introduction

The Petrochemical industry in the ministry of energy has been focusing on the oil prices change and how it influences the economy. The oil demand comes from the petrochemical industry whereby energy generation helps in manufacturing and production industries. These industries help in economic transformation through improving country’s GDP. As the source of energy, oil in the petrochemical industry has been influenced by inflation and unemployment, interest rates and exchange rate. These factors influence the government spending, hence affecting the importation of oil from the producing countries such as Saudi Arabia. The oil prices as a result of ...

How Governmental Decisions Caused Obesity In The United States

Within the framework of the liberal political doctrine and deregulated economy, the government imposes guilt upon citizens themselves for their health issues. Citizens have to demonstrate higher level of personal responsibility for their own health. On the other hand, obese citizens are potential clients for various businesses such as gyms, pharmaceutical companies, and beauty industry companies. Complete absence of obesity would mean fall of the aggregate demand for various goods and services such as fitness programs at gyms, healthy nutrition programs, detoxification meals, fitness devices (e.g., running tracks), etc.
According to the UN World Health Organization (WHO), the top ...

Introduction and background information

The underground market is a precise example of free economic activity at work. The markets are entirely unregulated except by the participants themselves. No taxation takes place, and it is possible to pursue activities in the underground market which are illegal. The market can be very popular. Indeed, the smugglers (the earlier form of underground markets) were sometimes, known as ‘free traders ‘in medieval Europe.
The major factor influencing the growth of the underground market is high taxation by governments. The increased tax is because of the ever increasing public expenditure with dwindling resources at the disposal. Reversal is ...

(A case for a parent firm in a net oil exporting country with subsidiaries in a net importing country that has free market economy, politically stable, positive currency speculation and possibility of government defaulting on its debt)

Oil Prices and Exchange Rate

Oil price dynamics have a bearing on the ability of multinational to precisely model the future exchange rates. In most instances, in order to manage the foreign exchange rate risk that the firm is exposed in the international business arena, most multinational will hedge against the risks that are associated with exchange rate fluctuations. As a result, these multinationals minimize the possible ...

Abstract

This paper seeks to examine and analyze Russia’s connectedness to the global economy. It does so by exploring how oil prices affect social, political and economic outcomes. The argument is that specialization in the single industry of oil and gas has made it possible for individuals to embrace corruption and cheating. The research uses literature from the Economist and the BBC in exploring Russian integration into the global economy. It denotes that low oil prices have adversely affected Russia’s position as a powerful emerging market economy. Low prices also force the Russian government on military adventures and ...

Modeling Exchange Rates

Oil price dynamics will have a bearing on the ability of multinational to precisely model the future exchange rates of the foreign exchange in the countries that they operate. In most instances, in order to manage the risk that the firm is exposed in the international business arena, especially on the foreign exchange rate, most multinational will hedge against the risks that are associated with fluctuations in the exchange rate thus minimizing the possible negative effect that a firm may experience (Jain, 2007). Therefore, in order to take a position in hedging facilities such as currency futures, the firm ...

The end of the 20th century had hinted towards the tremendous amount of technological advancement that had swept the entire century, eventually resulting in the emergence of newer global markets that are unique and different from the conventional industries as the newly emerged markets were driven by technological sophistication, boundless amount of knowledge, and numerous networks.
The industries that became the drivers of the newly emerged global markets were related to the production of information goods like for example, content, software, or distinctive professional expertise. A few pertinent examples of such newly emerged industries are all the Internet-based businesses, ...

Economic transformation in Africa is tied to the colonial legacy. The spectre of colonialism haunts growth and development efforts. The African economy as it is known today has its roots in the colonial exploitation and appropriation of resources. Colonialism introduced capitalism with its idea of the free market but this free market benefited the colonizing nations, leaving unprecedented levels of poverty throughout the continent. Understanding the history of colonial primitive accumulation is critical to understanding the economic realities of present day Africa, in particular, the continent’s insistence on trading with countries like China. This paper seeks to explore ...

Work ethics has had many definitions over time; however, we can conclusively say that it is a set of standards that is set and usually based on the level hard work and meticulousness that is expected. In other cases, for example when work is conducted voluntarily, as in the case of churches or community service, we view it as having a moral advantage or gain and posses the ability to enhance or produce good character. There are many attributes associated with good work ethics and include; having and keeping good social standings, being dependable and having a self-drive or not waiting to ...