economy
Economy and the area of production, distribution, trade, and consumption of goods and services.
How has Facebook shaped the economy as we know it?
The purpose of this research is to identify economic theory within the company Facebook, to explore the potential that social networking sites possess, and to recognize the influence that they yield in merging many smaller economies into a more globalized one. In the opening, the history of Facebook is covered briefly, and then the stated reasons as to why Facebook has aided in globalizing the economy is discussed more in depth, lastly mentioned is the impending long term outcomes are considered. The sources herein include a scholarly article by John P. Tiemstra, professor of economics at Calvin College, an interview with hosting founder Mark Zuckerberg, and other select articles and videos relating to the company.
By Rowan Finley 6 years ago in Journal
Exploring the Six Components of Apple's Macro-Environment
“Always be prepared,” so the boy scout’s motto goes, but always being prepared for the curve balls thrown by the macro-environment is not as easy as it might sound. The macro-environment is made up of “six principal components: political factors, economic conditions in the firm’s general environment (local, country, regional, worldwide), sociocultural forces, technological factors, environmental factors (concerning the natural environment), and legal/regulatory conditions” (Thompson 2016). Every business or company out there, including Apple, must prepare for, as much as possible, and respond to the pressure of the six components of the macro-environment.
By Rowan Finley 6 years ago in Journal
Feasibility of Real Estate Investment Kochi and Jabalpur
Kochi and Jabalpur-Cities with Extreme Possibilities At present, the real estate market in the mega cities of the country has reached saturation and so the focus has been shifted upon the tier II cities. Kochi and Jabalpur are two such cities that are displaying extreme possibilities. Kochi is known to be the most densely populated city of Kerala, the southern state of India. It is also the financial, commercial and industrial capital of the state. Despite, Kochi has a historic past as the first European Colony was built here. At that time, it was developed as a spice trading centre. Since then, Kochi has been developing as an important business hub and the process is still going on. Kochi is also a famous tourist spot and contributes to the highest GDP growth of Kerala. So, with maximum growth and development on the card, Kochi is grabbing the attention of the real estate investors.
By Tanmay Jain6 years ago in Journal
No, Beximco Did Not Take Unfair Advantage from the Bangladesh Bank
Beximco Group is one of the leading companies in Bangladesh. It is pioneer of many business ventures, it created corporate culture, it ensured huge employment, and it contributed immensely to the economy. But no, it did not take any unfair advantages from the Bangladesh Bank by any means. The company is doing business according to the book.
By Aapki News6 years ago in Journal
Millennials and the Sharing Economy
Sharing your life with strangers is an important part of building the economy. The sharing economy involves freelance work often facilitated by a larger company that can choose who works for them, and sometimes supervises transactions between customers and workers. Companies such as Uber, Lyft, and Airbnb, which encourage the social economy, have become very popular recently. With the rise of the internet, and advancements in app development, the ability to do freelance work is at an all-time high. The sharing economy comes more naturally to younger generations, because of the fact that they have grown up always having the internet. It is also a point in time for generations, typically Millennials, and the earlier members of Generation Z, that they may not be completely settled into the job they ideally want, and they probably do not have complete financial stability, so being able to easily make money while working another job, or studying in college is appealing to them. When thinking about anything, you should always consider both the benefits, and the detriments, especially when it comes to the economy. The most prominent argument people have against the sharing economy is that it is taking us away from more traditional businesses, however, there is always going to be a demand for both. I strongly believe that the sharing economy is improving the economy as a whole.
By Kamari Grace7 years ago in Journal
The "HGTV Effect"
“History never repeats itself, but it rhymes...”— Mark Twain KEY POINTS IN THIS ARTICLE The housing market today is being driven, in large part, by those who are flipping homes. With 1 in 10 sales coming from house flippers, the highest level since—oh yeah—the housing bubble burst a decade ago. House flipping today is more profitable than in the past, driven in large part, not by rampant speculation, but through remodeling and updating older homes, which is very beneficial for communities. There does appear to be a media-driven aspect to all of this, propelled by the popularity of shows—particularly on the highly-ranked HGTV network—making all of this appear relatively "easy." Does this add-up to an "HGTV Effect?" If so, what does this portend for the housing market, and for the economy overall?
By David Wyld7 years ago in Journal
Scenes From the Retail Apocalypse
Remember the classic "death scene" from the movie Deep Blue Sea (can the movie actually be 20 years old now?), where Samuel L. Jackson's lead character offers sage advice to his cohorts, who are trapped under the ocean with him, along with a huge shark? The iconic actor delivers this sage advice, just before he shockingly gets eaten mid-soliloquy:
By David Wyld7 years ago in Journal
Has Globalization Hurt Americans Workers?
Globalization, whether its effects have been positive or negative, is a fact of the current economy of the United States. The resources of the globe are so totally intertwined that it is near impossible to separate them. The capitalistic nature of the global economy is to blame. Every business in the world seeks to minimize costs in order to maximize profits. Because of this, there has been a shift in the global labor market. Trades that used to be the backbone of the American economy have been shipped overseas in many cases. Is this detrimental to the American worker? If you work in certain sectors of the economy, you would most certainly say yes. There are companies coming into the United States that are replacing these jobs and are providing more for their workers than any American firm would. This, truly, cannot be seen as detrimental.
By Matthew Evans7 years ago in Journal
The Dangers of Donations
How easy is it to buy a new pair of shoes knowing that the proceeds will buy shoes for a child in a third world country? It’s the warm, fuzzy feeling of knowing each purchase makes a difference in the world. But what if that same purchase that appears to change someone’s life for the better actually does the opposite? What if that purchase ultimately destroys another country’s economy? TOMS shoes found itself in this very predicament. When Blake Mycoskie travelled to Argentina in 2006, his life changed forever. His heart was broken by the amount of children living without shoes, causing pain and disease. He immediately sprung into action, creating the “One-for-One” concept that buying one pair of shoes will give another pair to a child in need. The idea was genius and his business, which originated as “Tomorrow’s Shoes” as the idea, was to donate the pair of shoes the next day, took off in sales. Over the next few years, Mycoskie also added bags, coffee, and sunglasses to his company’s catalogue, making each item a different form of his “One-for-One” concept. Mycoskie’s ideas, business, and products were highly successful, but what was the impact on those third world countries he initially was trying to reach? The results were not as positive. Constant donations of shoes actually began to wound the struggling economies he was trying to assist, and suddenly Mycoskie’s pure intentions were not enough. While many companies and organizations strive to aid and support third world countries, those same groups often do more harm than good to the impoverished economies by taking away jobs and business opportunities.
By Maggie Hanna7 years ago in Journal
The Collapsing Job Market
I have a saying: Corporations paying minimum wage are basically telling employees that they would pay them less if they could legally do so. Many American workers are making minimum wage or slightly above it. The reality for them is that seven or eight dollars an hour is impossible to truly live off of. Across the country, that barely pays for rent, never mind food, a car note, or car insurance. There is just not enough money there. In the meantime, greedy employers literally make billions on the backs of their workers. And it gets so much worse.
By Tim Ellerbe II8 years ago in Journal
Why You Should Start Taking Social Security Benefits at 62
Ah, Social Security. It's a boon for all those who want to retire or just cut down on work during their old age. After paying into it for decades, every American citizen will get the change to qualify for payouts that can help them live a comfortable lifestyle in retirement.
By Iggy Paulsen8 years ago in Journal
