shifting global oil prices to examine the models of demand and supply Abstract This paper examines demand and supply determines the prices of products in the market. The demand and supply models focus on two major groups, the sellers and the buyers. Demand refers to the amount of service or goods consumers are willing and able to purchase at each price. Demand is based on an individual’s wants and needs by which customers can differentiate, but according to economists, wants and needs are the same thing. Supply refers to the quantity of service or goods a producer is willing to supply at each price. Price relates to the amount received from each unit of service or goods sold by the producer. The price increase will always lead to an increase in the supply of services or goods, and subsequently, the decrease in price will lead to a reduction in quantity supplied. This paper has focused on shifting global oil prices to examine the models of demand and supply. Three recent newspaper articles have been utilized in the literature review section…
Coffee Crisis in Ethiopia According to Marxist’s revolutionary approach to overthrow capitalism, the crisis affecting coffee farmers can be associated with it. The global coffee prices have gone down. The farmers in Ethiopia who are dependent on coffee are few. Capitalism has resulted in significant multinationals dealing with coffee to be price setters. Hence, the move to set coffee prices low has affected the lifestyles of farmers. It can be portrayed that revolution is inevitable to bring the situation under control. The video further reveals out that the government wants the coffee farmers to subjected out of the market (Journeyman, 2008). Hence, revolution is projected through the coffee farmer who reveals that he has to initiate in looting. Moreover, class disparities are likely to arise in Ethiopia as a result of the exploitation of coffee farmers. The class differences are between the ruling class, which in this case is the multinationals that are price setters for coffee and coffee farmers. The farmers are oppressed and seek to initiate in the revolution against the coffee prices that have been cut rampantly.…
how Deregulation factor contributed to the financial crisis and the need for the government to take control of the financial institutions Deregulation relations to the reduction of government power in a particular sector and this is done to increase the level of competition. This is one of the themes highlighted in the film” Inside Job,” and it contributed significantly towards the financial crisis. This idea has been stated to be the main factor that caused the problems in financial institutions such as banks, insurance organizations, and credit rating companies. Due to this act, the financial institutions got an opportunity to engage in their daily activities without any control from the government so that they would maximum benefits at the personal level. This discussion will focus on how this factor contributed to the financial crisis and the need for the government to take control of the financial institutions. Discussion According to the meaning associated with deregulation, it relates to the elimination of power. As a result of this, the cv involved in the financial industry gets the opportunity to carry out…
ECONOMY AND BUYING HABITS CONCERNING MINERAL EXTRACTION Introduction Mining has been providing materials which are used in the building of structures, manufacturing of machines and creation of tools which are used to sustain world population demands. Currently, it is estimated that techno sphere mass is almost thirty trillion tones (Miller, G.T. and Spoolman, S. 2014). Countries with mineral deposits and support mining activities have attained substantial economic growth however there are several environmental effects associated with this activity especially emission of hydrocarbons. Economy and buying trends associated with the Mineral extraction The economic performance associated with mining generates growth through expansion and extensive human development. The analysis of trends and related patterns that relate to the subject is influenced by several environmental factors. The human activities indicate that nations with mineral deposits reported maximized growth compared to countries without minerals (G. Tyler Miller & Scott E 2017). The sun’s heat energy and earth energy balances to maintain geochemical balance The minerals are formed as result of geochemical processes which mineral extraction activities interferes with profusely. The availability of minerals is…
compare and contrast the US economy to that of countries in the world Introduction Macroeconomics involves aggregate structure of an economy, performance, and behaviour of the economy while microeconomics focuses on impacts and decisions of individual participants of the economy (Rode, 2012). Macroeconomics include gross domestic product (GDP), price levels, inflation, unemployment, national income, and economic growth (Singh et al., 2011). The United States (US) economy is a mixed type of economy and highly robust. Mixed economy is whereby there is government intervention in a market as well as supply and demand forces controls the market (Caballero, 2010). The topic will use data from various credible sources to compare and contrast the US economy to that of countries in the world. Literature Review According OECD Economic Outlook, the GDP of the US will drop from 2.3 percent in 2019 to at the rate of 1.9 percent in 2020. The unemployment will remain below 4 percent in 2020, while the inflation rate will increase to 1.8 percent in 2020 from the rate of 1.6 percent in 2019. The business fixed investments…
Economics and Incentives Introduction Over the years, the government has been evaluating ways to respond to the Worlds Environmental problems. It has been looking for ways to balance environmental protection with competing values such as economic goals, individual rights, and social goals. The leading cause environmental problems have been science and technology, economics and incentive structures and values, and ethics. Economics and Incentives As much as science and technology and values and ethics are considered among the causes of environmental problems, i believe the leading cause of the environmental problems we are currently facing is because of the inappropriate imbalance of incentive. We exploit common resources together, such as public land, atmosphere, and surface waters, and economically gain from these practices without any consequences or economic loss. As a result, we do not care about the effect those practices may bring to the environment; thereby, we fail to create new ways of exploitation that are more friendly to the environment. It has led to the exploitation of those common resources to the point of depletion. For example, the fish…
DIGITAL MARKETING, BRANDING AND STRATEGY Introduction Brand revitalization is a strategy used by many companies for marketing a product that has reduced profitability and has matured in its product life cycle. It is trying to bring back a product in the market to secure the equity sources e.g., consumers of the product. A brand can be revitalized to increase in competition, improvement of the relevance of the brand, meet the needs of different customers in the world, merging of two companies, and change in technology or legal issues. (Keller, 2015) A product can be revitalized by changing its name, repackaging it, or repositioning the location of the product. For instance, “Brand Revitalization of Heritage Enterprises for Cultural Sustainability in the Digital Era: A Case Study in China.” This was to resolve the simultaneous decline in the brands of Heritage to ensure that they attain cultural sustainability and improve on the commercial utilization of the brands. (Li, et. al., 2019) A brand first gets established in the market, grows, expands, and becomes successful, or becomes popular amongst the users. In their existence…
Assessment of Benefits of the Efficient and Accurate Inventory Management to DLA In most cases, efficiency and effective management of an inventory is essential in expanding the market reach of a given organization, increasing the sales volume as well as ensuring efficiency in the delivery of the services of the organization to the customers. Buoyed by the integration of technology through the partnership with several established companies, the Defense Logistics Agency has immensely benefited from the interventions put in place by LMI to manage its inventory. From the initial stages, the organization was determined to expand its service delivery, scale down its inventory, efficiently manage items, and addressing the infrequent demands from the customers. In this regard, the DLA contracted the LMI to realize these targets without sacrificing mission-readiness effectively. Through the use of the Next Generation Inventory Model and Peak Policy approach, LMI has made astounding strides in dealing with the inventory of DLA. The applications and the methods in place have effectively ensured that DLA stares at improved paces as far as inventory management is concerned. The following…
newsletter daily Finance Journalist duties you will create a newslette daily Finance Journalist duties will include, but are not limited to: Researching, collecting and reading data, and translating the information into a blog Write high-quality proposal narratives, supporting documents Create data visualizations for client presentations, blogs, papers, and other content Data journalism on social impact work and/or open data Work with department managers to compile financials and data Develops and maintains a proposal calendar-Translate data science and engineering projects into blog-style narratives (including a summary of the problem/challenge tackled, partnership details, project scope, results, and impact)[unique_solution] you will create a newslette daily Finance Journalist duties will include, but are not limited to: Researching, collecting and reading data, and translating the information into a blog Write high-quality proposal narratives, supporting documents Create data visualizations for client presentations, blogs, papers, and other content Data journalism on social impact work and/or open data Work with department managers to compile financials and data Develops and maintains a proposal calendar-Translate data science and engineering projects into blog-style narratives (including a summary of the problem/challenge tackled,…
Site Security Survey The internal Investment Authority will provide the site for the project of the company dealing with preventing the entry of drones carrying explosives into the Kingdom of Saudi Arabia. After legalizing the start of the company, an ideal location is selected following proper processes like security surveying. The Ministry of Interior oversees all the operations, ensuring compliance. Building a custom security detailed planed aligned to the company’s demands and not breaching the state’s overall security laws. The site information will include the address, general manager, security manager, employees, products to be used for the company, and related services provided by the drone surveillance company. All equipment and machinery need to be secure, the customer’s security, and the availability of emergency response. Threat Analysis The response to threats should be spontaneous, quick, and conducted under the laws of the state. Working with internal agencies like the Criminal Investigation Department, Border Police, Immigration Department, and the Clearing and Forwarding Agency will assist in curbing threats arising from the drones imported to Saudi Arabia. Other players include intensive surveillance on…