Essays on Tradesman

Introduction

Ricardo and Marx have developed an economic approach based on the labor-value. Both authors’ economic theory depends on the labor-added value. As known, the price determination in the markets is the most important mechanism defined in the science of economics. The price is an agreement between the agents in the economy, and the price conveys a lot of information to the agents in the economy. For instance, by using the cross-price demand elasticity statistics, or the income demand elasticity comparison, one agent can see how the price competition is developing, and how successful the market is contributing to the ...

The story “The Jest that leads to disaster” is a Chinese short story that addresses the ways in which people make jokes and the dire impact that these jokes can have on people’s lives. These jokes can leads to a number of disasters. The persons who have made the jokes or who are the recipients of these jokes are often left to face these deadly consequences. This stems from the Huaben or Huapen genre which is a reflection of the Chinese narrative type that features a short and a long story within one story. But, these two stories ...

Is Economic Recovery Possible?

Introduction The world economy started developing rapidly after the industrial revolution. The Western countries could produce mass amounts of products over their citizens’ needs, and market the unneeded amount of the products to the other countries. The developing technology has enabled the merchants to reach the farthest points on the world to sell their products. These developments have brought the term of globalization. The technological advancements and the developing capitalism have led the humankind to an economic development path. Some of the Western economies could manage to get the big shares in the world economic development while the ...

Division of labour by Emile Durkheim

Emile Durkheim was a notable French sociologist who wrote extensively on the works of human behavior. However, his most recognizable work was on division of labour, and how the society as a whole, is involved on the whole topic of division of labour. For the purpose of this essay, I will discuss in details the conception of occupational practices and demonstrate how their constitutive rule character, which creates social coordination, which is necessary to have social facts in common. It is important to note that economic life through division of labour cannot be regulated or controlled by any outside force such ...

[Author’s Name] [Institution’s Name] Marketing is a broad concept which has number of things lies under this ambit in total. It is more than important for a company to have effective marketing concept to analyze the things all along (Damien McLoughlin, 2010). Segmentation is yet another important thing that comes under the ambit of marketing management. The main objective of this assignment is to analyze the consumer and business markets of a company which is Stanley Black & Decker (SWK), a major player in the portable power tool industry. SWK is in the favor of having two different market segmentations ( ...