Essays on Economic Terms

Business

The company will make an income of $148,000+$12,000=$160,000 to break even in one year.

How much revenue will the business have to earn to break even in economic terms?

The break-even point in economics term considers the opportunity cost as follows $148,000+$12,000+$35,000=$195,000

Suppose Sarah buys the building. Now how much will the business have to earn to break-even in economic terms

The business will now earn $148,000+$35,000=$183,000 What might be the objective of a museum? What might be the objective of a firm? Do they have the same objective? Explain The goal of a museum is to break even such that the money the institution makes can pay the workers and maintain the place. The aim ...

YOURNAMEHERE

YOURSCHOOLHERE “How long can a human being survive without water?” That seems like a simple question. Packer (2002) points out that this seemingly simple question is not simple at all. Various factors mean that the answer can be anywhere from a few hours to several days. Regardless, though, one thing is clear. Water is necessary for life. The Earth (capital “E” for our home world) is unique in the solar system with its vast supply of liquid water (Blue Planet, n.d.). Since a human body is 60% water, this is obviously a substance of some importance (The Water In ...

Question 1

Conditions That Will Exist If Tuition Is kept Below Equilibrium Price When the tuition is set at a fee which is below the equilibrium, the demand will be more than the supply; thus there will be a distress situation that is not conducive to education. This would show a good effort by the government, as people will see it as a show of constructive and admirable strength by the government to make education relatively cheap. The effect of this is an increase in the number of students’ intake and in a great way and educated society. This situation is ...

Introduction

Medical marijuana legalization has taken shape of a movement in the United States of America as people continue to debate the pros and cons of legalization in the news media. Since the year 1973, 12 American states have made changes to their laws to reduce penalties for possession of marijuana (Austin, 2016). This is because there are certain pros associated with the legalization of marijuana, but the cons should not be completely avoided that come along with it. Legalization of marijuana would certainly be a success for the on-going Decriminalization Movement and will provide several economic and health pros ...

The Constitution rests on a proposition of all constitutional governments through the definition of limited governments. It adds that constitutions are legal and not simply political limitations to the government. There are considerations by various anti-thesis on the arbitrary rule. The contrary imagery to this is despotic government for which the government depends on willingness above law. As the constitution declares all men equal, what is the connection between equality, liberty and happiness? Liberty and equality are incompatible concepts that tend to conflict at most times. Liberty means being free from interference and this is what has driven liberalism especially ...

IS THE WORLD ECONOMY BECOMING MORE GLOBALIZED, MORE INTERNATIONALISED, MORE WESTERNISED OR MORE NEOLIBERAL? DISCUSS

Introduction The world economy is a contemporary topic of study in the current century because of its uncountable benefits. People need to understand the economic situation of the world to foster local, regional, and international development. There are numerous benefits of understanding the economic trends in the world. Understanding the world’s economic trends enhances an individual’s purchasing powers, economization, and creating a platform of countering the effects of any economic problem such as recession and depression (Cannan, 1976: 34). From the past experiences, it is notable that the world economic recession affected many people and institutions. Although some ...

Owning is a term that shows the power, position or supremacy of those who own a certain item, when a person has authority over it. Owing is that term which is opposite to owning and shows how indebted, inferior and trivial is an individual regarding something. Owning is always used in a positive way and items like property are always owned. Whereas, a debt is regarded as a negative concept which no one like to have in their life. Debts are owed, money matters mostly which are to be repaid. Owing a debt indirectly shows the surrendered or dignity of the indebted people to others. In ...

The Roman and the U.S. Empire: A Close Comparison

Introduction

Both of these empires characterized a certain centrality (p. 3). During the Roman Empire, Rome was the capital of the empire. The flows of tribute and taxes from the Roman provinces were directed there and to the primary armies. The empire, although, was not circular. It was an east-west extension, as required by the differences in the communications links provided by the Mediterranean and the boundaries of the Sahara and the Alpine ranges (p. 3). The Roman Empire began the Roman Republic when Julius and Augustus Caesar changed it from a ...

In the past few years, many economies in the world have been affected by inflation. It is important to define inflation on the economic perspective in order to understand its phenomenon. Inflation is the general increase in the price level in the economy of a country (Joseph 3). There are various economic terms that are related to the issue of inflation. For instance, inflation may be brought about by an increase in the aggregate demand. Demand is the quantity of a product or a service a consumer is willing and able to buy at the existing market price at a given time period. ...

Europe fell in a deep recession together with the entire globalized world due to the so called subprime mortgage crisis. However, while the US is managing to recover its economy and it’s now growing at a sustainable rate, Euro Union is somehow struggling in returning at a pre-crisis level and it is actually facing a second recession (so called “double dip”) that is affecting mainly the countries of the South Europe. Since 2010 thus, Greece is having major problem in rolling over its sovereign debt and it had to obtain a bail-out from the other European countries. Similar destiny has occurred to Portugal ...

Introduction

The sociology of childhood in the contemporary society focuses on the social construction of the child. The social construction of the child deals with how the child differs in terms of social, cultural, historical, and economic perspectives (Shanahan, 2007). Sociology of childhood deals with viewing the child from these different perspectives unlike in the traditional way. The traditional way failed to understand childhood in the socio-cultural, sexualized, and gendered context. The sociology of childhood identifies ways through which the interaction of children and adults: challenges; produces; reproduces; and transforms the society and childhood. This article discusses the sacralisation of ...