Essays on Free Market

I have learned that in the free market medicine, the price of healthcare goods and services is determined freely by the agreement between the patient and the medical providers and that there is no government intervention to control demand and supply of the healthcare goods and services. In particular, this has helped improve the efficiency in providing the healthcare services by reducing cases of mismanagement as observed in the government controlled healthcare services. Additionally, the free market medicine has helped reduce the waiting time, and therefore patients can see the medicine providers more frequently (Stossel, 2013). Currently, the free ...

COURSEPROFESSOR

DATA First Evaluation The client dependability and the customer satisfaction is one of the main part of the business. The company need to come up with some of the strategies in order to keep the customers engaged in the business as well as to make sure that the customers are getting the services that they desired to receive from the restaurant. The buyers take different equation in the consideration while they go for any type of purchase. The buyers look at the quality, outlook and the products variable in order to make the correct decision. So, the quality and ...

InstaCart: Food Delivery Business

Before venturing into any market, it is imperative to research the various factors which may impact the business in that particular environment. One of the tools widely used to conduct an analysis of the external business environment is the PESTLE analysis (Arline, 2014). A PESTLE analysis refers to a tool employed by marketers to analyze the external factors that may impact the success of an organization. The outcome of a PESTLE analysis can be used by an organization to pinpoint threats and weaknesses facing an organization. In this paper, we shall conduct a pest analysis for InstaCart food delivery ...

Romania is a country that is located strategically in Southeastern Europe. According to the CIA world fact book, it has a GDP of $186.5 billion and an annual growth rate of 5% as per 2016. It has a Purchasing Power Parity (PPP) of $441 billion and GDP per Capita of $22,300. Romania has a population of around 19 million people. A comparison between the communism era which lasted up to 1989 and the post-communism era upon introduction of a free market economy indicates that there has been a higher growth rate regarding trade. For instance, its Foreign Direct ...

Business-Government Trade Relations

Introduction Since the question that needs to be resolved by examining real-world examples involves understanding whether government intervention in international business trade is harmful or helpful in businesses, picking Micromac Techno Valley Ltd. was a simple choice. The company works in the area of software and website development and that caters to the financial or banking industry in particular. Some of the products that they have designed so far are eDeal, DigiDoc, eDoc and PBMS and which cater to the banking industry in Bangladesh. Apart from this, they also design websites for a number of small businesses while also ...

The Founding of Communism

Communism started during the 1840s, the period when different ideologies arose in Germany. It was founded by Karl Marx and Friedrich Engels, who respectively excelled in their fields; politics and sociology (History World). The combination of these two individuals became so influential that their ideologies stood out among the several philosophies and ideas during that period. With Marx’s theories, and Engels’ experience in the materialistic world, they gave life to a new economic and political idealism, which received a hostile welcoming from the feudalist society (Ollman). This is because, the feudalist society was dominated by the bourgeoisie, whose ...

In theory, financial accounting and reporting should be objective and neutral. However, the standard setting process can be a challenge as it is influenced by external factors and groups with different interests (Gaffikin, 2005). In different countries, financial accounting tends to be heavily regulated, with laws governing how particular transactions and events are to be recognized, measured and disclosed (Gaffikin, 2005). As such, the accounting process leads to the generation of general purpose financial reports. There are two approaches to the accounting regulation process, the regulated and non-regulated approach (Hossain, 2011). The non-regulated approach is also known as the ...

Introduction

An organization is regarded as an entity that is made up of people with a collective objective and is connected to the external environment. Hence, a business organization is a group of people collaborating to achieve a commercial objective (Handy, 2005). Toyota Motor Corporation is a Japan based auto manufacturing company with its headquarters in Toyota, Aichi. The company was ranked as the 13th largest in the world in terms of their revenue. It was the largest automotive manufacturer in 2010 ahead of the Volkswagen group and the general motors in terms of their production. The Toyota motor company ...

Introduction

Milton Friedman was a renowned economist and a reputable advisor of the United President Ronald Reagan and Margaret Thatcher who was a Conservative British Prime Minister. Friedman developed an influential and controversial manifesto on the role of the government in a free society on his work titled Capitalism and Freedom. His fundamental objective was to promote the laissez-faire economic policy by often disapproving the interventionist policies held by the government and their cost in economic efficiency and personal freedom within and outside the United States. It is with this light that Friedman provide his view on the significance of ...

Problem Statement

There are a number of reasons, defined by the ethical as well as the economic and the political scenes, for the non-diminishing interest in addressing the gap between the rich and the poor. "The rich get richer and the poor get poorer" is an aphorism, which outlines the major views on economic inequality and the criticism, seen in academic and business literature, towards the philosophy of free market and capitalism in general. One of the principal works, laying the foundation for the discussion, is the work by Thomas Piketty, Capital in the Twenty-First Century (2014), who places the idea ...

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 ...

Answer 1. Public Relation( PR) and advertising play different roles in business promotion. While advertising relates to creating paid announcements that are promoted via various media channels, PR is a strategic communication process that aims to strengthen the mutually beneficial relationships between the organization and public as a whole. Unlike advertisements that are more or less targeted to customers, PR's ambit is much wider that includes employees, stockholders, suppliers, government regulators, interest group and the press. Furthermore, advertisements have fewer takers when it comes to credibility. Customers view it as a core marketing tactic to sell or promote organization's ...

The crisis that is being realized all over the world is not just a financial or economic crisis, but one that emanates from the social system. The perceived injustices, war, crime, poverty, diseases, and environmental degradation can all be attributed to the collapse of the social systems. Countries and individuals have all been caught in the circle of injustices. The growing master-slave relationship with countries doing things as per the wishes of the colonial masters has led to conflicting interests on the part of the parties involved. The conflicting issues have led to the increasing injustices, with human rising ...

Capitalism has come a long road before becoming the dominant social order on the planet. Adam Smith was one of the first economists to fully describe the benefits that free market capitalism can bring. Moreover, he was the first to systematically analyze the main economic categories such as wages, labor, profit, rent, population, demand, and supply. His work Wealth of Nations was groundbreaking, and he is considered one of the fathers of capitalism not without a reason. In this work, I will show that Adam Smith succeeds in his criticism of mercantilism and governmental market regulations and proves that ...

Britons’ decision to exit European Union is a reflection of their socio – cultural specificities and their expectations for an envisioned life in United Kingdom. When analyzing the Brexit decision, there should be considered the tight vote, as 52% of the voters opted for leaving EU, while 48% voted for remaining (Erlanger para 4). This score indicates that leaving EU was not a unanimous decision, but one that reflected the diverse interests and reasons of Britons. Connected with the liberal ideas coming out of enlightenment, this liberal exercise of reasoning echoes Kant’s urge to reason, breaking free from religious ...

The Evolution of Economics, Economic Systems and Politics

The science of economics, starting with Adam Smith –the father of economics, is the total efforts for developing an understanding of the economic behaviors of the humans. The science of economics follows a development path in defining the economics. The first definition of the economics was based on the household management. Members of family specialize in completing some specific tasks. The specialization relies on the genders' traditional functions. This definition was developed by the philosophers in the ancient times before the Dark Age in Europe. Adam Smith developed this definition by creating a theoretical economic system which has 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 American Economy has faced one of the most destructive economic crises in 2008. The crisis started in the sub-mortgage markets has expanded to the financial markets, and the largest financial institutions have declared their bankruptcies. Subsequently, the collapse of the financial markets has spread to all the industries in the country. What the American lost in the global financial crisis and what made the recovery from the crisis tough was the loss of trust for the American Economy among the agents in the economy. Until 2008, the economic development in the US was based on the consumption economy. ...

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

It is important for human beings to make good use of the market forces while at the same time regulating and modifying our natural reliance on it to be able to secure the environmental and social values. However, this has not been the case over the years as companies and international corporations went ahead to violate environmental and human protection rights. Organizations and businesses have a responsibility of ensuring that they protect the environment from destruction while at the same time adhering to the human protection laws and principles. In regards to the above information, the paper answers questions ...

Thesis statement

Effective labor relations help identify different systems and mechanisms necessary for successful implementation of the reform process to streamline organization operations (Castro, 2014). To justify the rationale of active labor relation, the paper outlines the various demerits of having a bad industrial relation in organizations and why voters often become reluctant to implementing change. The essay takes account of the views of different scholars on the subject with a justification of the existing theories on the matter. In the first section, the critical analysis justifies the need to conduct the study, indicating that the concept of workplace relation has ...

Progressivism in the 1970s

Progressivism, according to the West and Schambra, was a socioeconomic and political reform movement period during the nineteenth and twentieth century America in the 1970s. During this period, various political leaders, social reformers and intellectuals sought to find solutions to the political, cultural, social and economic challenges that had been brought about by the growth of capitalism and the Industrial Revolution in the United States (1). This group of leaders such as President Carter and individuals were termed as progressives who were convinced that some of the changes being witnessed then in America indicated the end of the old ...

Adam Smith

Adam Smith

Personal Background

Adam Smith was born in 1723 in Kirkcaldy in Scotland and was raised by his widowed mother. Adam Smith’s educated began at a local district school. In the year 1737, Smith was sent to the Glasgow College, later he also studied at the Baliol College in the Oxford University. Smith graduated with an extensive understanding of European literature and started to hate the school of English thought. In the year 1751, Smith was hired by the Glasgow University as the professor of logic. In the year 1752, Smith transferred to the moral philosophy. Smith’s lectures ...

Introduction

Modern global economic system is a considerably distinct from the dogmatic frameworks of political economy (Mankiw, 2014). Professor Blanchard contests that extreme increase in production and substantial automation of the business processes have seriously changed the global economic landscape (2011). In order to stay competitive the companies have to develop and implement new business solutions, as well as they have to stay socially and environmentally responsible (Goldin, 2014). In addition, Gartner wrote that there is an increasingly important need to stay in line with the perpetually evolving customers’ preferences (2006), and the smallest disharmony with their predilections may result ...

Current State of Healthcare Industry

Essentially, the healthcare industry of the US has evoked mixed opinions in regard to its sustainability and service to the citizens. Importantly, questions have been posed relating to the issue of the health insurance and its suitability. In this regard, therefore, this paper seeks to underscore some of the critical economic aspects of the industry and develop a solution to it. In essence, the health care industry in the US is currently characterized by increasing cost to the citizens and to the nation. In this case, about 18 percent of the country’s GDP is used to cater for ...

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 ...

Description of Taxi service market structure in NSW

In this description, it is important to note that the taxi service plays a pivotal role in the transport industry in the NSW. It complements various other means of transport offered for the members of the public in the NSW region. The convenience of their almost spontaneous response and their ability to deliver door to door service to the public makes them very convenient (Abelson, 2008). The market in NSW is characterized by free entry into the market with the government only intervening in licensing of the taxis. According to the review of entry strategy to the market adopted ...

Compare and contrast the most important points to development that William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli Give in their books

Introduction

This paper analyzes the vital points to development in the books by William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli. I will examine the three books one after the other, highlighting the similarities and differences. Importantly, the three books have diverse views about the developmental aid offered by the World Bank and the IMF. However, they all advocate for the establishment of stable, transparent and credible governance in the underdeveloped countries.

In his book, Easterly ...

The Economic system is a way in which a country allocates the production, distribution, and consumption of goods. Several economic systems are in existence; these are; traditional, command, market and missed economies. The traditional economic system relies on traditions to determine what is done for a living. Industries, shelter, and clothing are similar to those in previous generations. It is therefore not used as there are developments taking place in the world of production and distribution, and the needs and demands are changing in the command system, the government controls all economic activities. In this system, the market plays ...

The rationale of this report is to analyse the marketing information and facts of a company in UAE that is planning to enter an international market. The company chosen for this report is Anfasic Dokhoon that plans to start its operations in Tunis, Tunisia. The report contains the background of the Anfasic Dokhoon Company and the market analysis in Tunisia. The report also provides the marketing mix of the company as well as the staffing policies that would enable it to compete fairly in the international market. The potential suitability of various market entry strategies available to the company ...

The book “Late Victorian Holocausts: El Nino Families and the Making of the Third World” by Mike Davis is relevant within the circles of world economics. It illustrates the relationship between global political economies and climate patterns. Specifically, the book ties economic events with the El Nino Southern Oscillation (ENSO). The author creates comparisons between ENSO occurrences with various factors. Critically, the book considers the aspect of time in different countries. The ideas presented in the book explore the implications of colonial interests in world history. This also includes a focus on the creation of economic philosophies that surround ...

The small island nation of Cuba has been the site of socialist revolution for the second half of the 20th century. The revolution aimed at granting equal access to nation’s resources to all its people and ambitiously marched to produce a just society free from class, race and gender differences. Its alliance with the communist super power of Soviet Union was not appreciated by its immediate neighbor and Soviet’s rival, the capitalist super power of United States. US reacted by placing a trade embargo on Cuba, a policy which severely affected its market prospects. As a result ...

Abstract / Executive Summary

Summary of Article The minister from the United Arab’s economy reported that it is anticipated that the GDP of UAE will mark Dhs 1.6 trillion in the current year growing over 3.5%. Sultan Saeed Al Mansouri commented in an interview to the WAM (news agency), elevation in the growth rate evidence that the region is capable of maintaining economic competence and has gained sufficient success with the help of diversification. He further clarified that industrial zone of the UAE is continuously advancing and is positioned presently between 10%-14%. Additionally, Sultan Saeed delivered his expectation for the investments ...

Externalities take place when consumers/manufacturers activities have an unintentional or indirect impact on other consumers/manufacturers without affecting prices. According to Sankar, externalities may cause positive and negative effects (6). In other words, if the consumer or a group grants certain benefits to other economic agents, the externality is positive; if any activity is disadvantageous to other groups or individuals, then the externality is negative (7). According to Stiglitz (216), “Externalities arise whenever an individual or firm undertakes an action that has an effect on other individual or firm”. The externalities phenomenon tends to have a spillover effect in the ...

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 ...

Adam Smith:

Adam Smith was born in Scotland June 16, 1723. He is one of the most revered personalities in the history of the United States (Hanley 40). After the age of 15, he joined Glasgow University where he commenced his philosophy studies. Adam Smith later attended Oxford’s Balliol College in the 1740s. After graduating, he traveled extensively across Scotland, lecturing the public on his economic philosophy. He was a strong believer in the free market economy, which he considered as a system of natural liberty. The Wealth of Nations remains one of the Smith’s most famous works in ...

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 ...

MLA

Presented in Partial Fulfilment INDS 400: Capstone Man was created in God’s image and given the responsibility and power over God’s creation. Therefore, man is expected work as commanded by God. Hence, as man works on Earth, he represents God the Creator. The purpose of this work is to bring both land and nature under God’s rule. Man, at the time of creation, was given the mandate to subdue the earth. Throughout the Holy Scriptures, man has been designated as God’s faithful servant. We are called in our different careers to serve for the glory ...

The Name of Class

The Name of the School The City and States where it is located Free market economy is interlinked with the capitalism and the capitalist system. There has been much debate about the ecological crisis and one of them is also inevitable global climate changes. The paper will argue that the free market economy is incompatible with safeguarding from the ecological crisis and global climate changes because it is based on the capitalist system which ideology favors profits over environment protection and public goods. The thesis of the paper is that free market economy cannot solve global ecological crisis and ...

Capitalism refers to a society where private individuals own the means of production. In a capitalist society, the government does not interfere with the price of commodities. Equilibrium price is determined by forces of demand and supply. This type of system has some merits. However, it is not the key to eradication of poverty because of its demerits. There are several advantages that the society derives from capitalistic economy. One, it encourages efficiency in production. The private firms ensure efficiency utilization of resources to achieve the goal of maximizing returns. This is unlike nationalized firms that are quite inefficient ...

Introduction

Management science and organizational behavior are important features in a productive business enterprise. As a part of a team several times in my life, experiences had taught me to place a great deal of emphasis on control either I have been the person in control as exemplified in the playground photo or the person controlled through the administration for the educational system in the form of education. . The third photo is the ultimate control involving money and wealth which people seek in order to facilitate life’s necessities and enjoyments. Financial rewards are very often the controlling factor in ...

Introduction

This report describes the process of international expansion of a business named Al Futtaim. The report refers to the useful considerations for the business to make while expanding its operations globally. These considerations are aimed at the profit maximization of the company through international expansion. The hurdles in the international expansion have also been discussed with possible means of overcoming the problematic areas. The selected geographical region for the expansion of the business is the city of Western Morocco named Casablanca.

Company Background

Al-Futtaim is UAE based company. It is a multi-sector conglomerate. The company was formed in 1930. At the ...

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 ...

Introduction

East Asia comprises of four countries located on the Eastern end of the Asian Continent. The four countries making up the region are China, Mongolia, Japan and North and South Korea. The geography of East Asia comprises of mountains, plateaus, deserts, and Islands. Other than the physical features, East Asia is characterized by high population densities with China and Japan being some of the most populated countries in the World. These high population densities coupled with the size of arable land has resulted in most East Asian countries having rice as the main cereal crop. The climate and the ...

The debate between capitalism and socialism has leaned unevenly towards capitalism in the past decades, after the threat represented by communism has silenced the voices of pundits and academics almost entirely. However, history has shown that global capitalism does not necessarily answer the economic problems of poor countries, and even developed nations, such as the United States, are struggling in this economic environment. While some authors argue that the precepts of capitalism and socialism are too different to be combined, and capitalism and socialism only make sense in their purest forms, others believe that socialist ideas must be engrained ...

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, ...

Capitalism and individual freedom are two concepts that mirror one another to create an influence on the way that economies function. Milton Friedman and McNally Robinson provided perspectives on those two concepts and how they affect one another in the society. The primary focus is on how the government can intervene in a free market without impacting the freedoms of the individuals in that region (Friedman 15). Capitalism refers to an economic system that allows the participants to control the investments and means of production at individual level (Beckert 324). However, that does not eliminate the participation of the ...

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 ...

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Implications of market structure for business and consumers

In a nutshell, economists define a market structure as the characteristics of the market which encompass competitive and organizational characteristics. However, a salient feature used in describing market structures is the number of firms in the market, which in turn dictates the nature of competition and pricing mode. As such, there exist four market structures, which are oligopolistic, monopolistic, perfect competition, and monopoly market structures. Each of the four market structures reflects a generic characterization of a real type market (Nancy and Kamien, 1982). Undeniably, the market structures direct the behavior of firms in the market. ...

Introduction

The internationalization and the globalization have changed the business strategies from trading, exporting and investing to the incorporation of the alliances, managements, business activities and operations. The transformation is resulted in the impacts and affects the human resources and management practices. Now, the firms have the employees from different countries of the world. The global workers are mainly categorized into three types include host country employees, expatriates and third country nationals (Sims & Schraeder, 2005). The paper is going to argue about the pros and cons of the global talent and supporting the restrictions from the U.S. federal legislation for ...

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 ...

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 ...

Doug Guthrie, in his article “China and Globalization” Can present a good comparison analysis with David Harvey article Neoliberalism with Chinese characteristics in "A brief history of Neoiberalism". Dough Guthrie has presented Globalization in China as a free flow and optimized allocation of capital, technology, information and service in the global market. This can be compared or is similar to neoliberalism in David Guthrie’s article that features neoliberalism as an aspect that has an influence on an international level besides it being having its dominancy from a political and economical perspective. David Harvey approaches the aspect of neoliberalism as a dogma that ...

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 ...