5 Proven Money-saving tips for small businesses Small businesses, like new startups, who dream of making it big often find themselves not being able to optimize their financial resources, and end up making losses. They often exceed their budgets and spend unnecessarily, leaving them with lesser returns. Their inexperience makes them rent out large office spaces and spend money on equipment which is used only sparingly. The following tips have been provided for you to prevent making these costly mistakes so that you can reduce your overheads and make good profits in your businesses: Buy refurbished equipment: Buying new office equipment every time you have a requirement is not advisable. It will increase your investment and cut down your overall profits. It is always better to maintain the existing equipment from time to time, so that it lasts for a more extended period. You can also upgrade your machines such as computers by just adding the necessary software or any required part. Buying good-quality refurbished xerox machines, or computers are viable options. This kind of used equipment is also reliable…
How to Make Money Playing Video Games Who doesn’t love playing video games? Almost everyone out there likes to play video games. Have you ever heard about people who get paid to play video games? Nowadays, games are not just played for fun but also for money. We have professional players that are making a living by just playing. Here, you are going to learn how to make money playing video games. Well, you can earn some cash playing video games at home. You can always turn that fun past-time activity into a real income earner for you! Many gaming lovers out there are getting paid to do what they like. There are professional gamers who are making six figures by enjoying this past-time activity. Yes, they are making a living from gaming. If you read in a magazine about people making real money playing a video game, don’t take it for a joke, it is real. Professional gaming people are making real-time income. And they are doing it out of the fun past-time activity. Not long ago, gaming was…
Microeconomics What is the producer surplus, and how is it measured? What is the relationship between the cost to sellers and the supply curve? Other things being equal, what happens to producer surplus when the price of good rises? Producer surplus is the difference between the acceptable price for a producer and a particular amount they get when they sell their goods in the market. It is also the benefit accrued by producers when they trade their products in the market (Mishan, 1968). The difference between individual sale and the market is that an own cost is arrived at by taking away the production costs from what is received after the purchase, on the other hand, market “is measured as the area below the market price and above the supply curve between the quantity sold and the origin” (Mishan, 1968). There are two reasons why producer surplus increases when the price of goods also increases. First, a higher price means there will be more sellers in the market; thus, sales will generate a surplus in production. Secondly, due to increased…
Do federal milk marketing orders in the USA stimulate decentralized milk production everywhere, versus centralized production in most economically reasonable states (states with a lot of free lands, low costs, better climate, etc.)? How does this motivation work? Decentralization involves the distribution of production of products between different locations. The process is significant in saving production costs such as transportation of products. It also ensures an adequate and reliable supply of products evenly while ensuring local development. Decentralized milk production in the United States undergoes enhancement by the federal milk marketing department. The purpose of distributing milk production is to save on production costs such as long-distance transportation. These results to increase in prices for milk and its products a factor that limits maximum consumer demand capacity. The process also helps to promote the development of local areas through the profits earned from milk production. Centralized milk production occurs in areas where production resources are easily accessible at cheap costs such as land as well as favourable climatic conditions for forage production. The conditions favour many people to carry out…
Money is one thing which rarely unites and mostly divides people. – Sudha Murty Money simply represents the lifestyle that willingly or unwillingly divides you from others. For example, if you are driving an expensive luxury car, your friends, colleague or relatives will surely envy you because they cannot afford such luxurious life. It symbolizes that you have lots of money and people are always taught that money is everything you want in your life. The emotional view causes the divide. Also, the society we live in teaches us that you have to earn lots of money to live a happy and stress-free life. It has made a perception that to live a better life, and you have to have a big house, fancy car, trips to exotic locations, etc. It not only teaches you to want money but also teaches you to hate people who have it, which is entirely irrational. Therefore, you must know that money is essential in life, but not everything. It mostly divides us from the people who are close to us. Usually, people who…
transition from conventional government money to privately issued digital capital In our world today, money is high tech. Individuals not only use coins and dollar bills issued by the government as cash but also progressively cheques and credit cards. Banks can move millions of dollars by touching just one button on their computers. Money has always been important to individuals and the market. As economics evolved into more complex economies, money has always adapted to the unique financial conditions. Concerning the most recent innovations in the computer industry, a new kind of cash has evolved: e-money. This paper describes the transition from conventional government money to privately issued digital capital. It examines the recent innovations in payment technology by exploring how today’s forms of money have evolved. Additionally, it reflects the reasons for inventing digital money schemes. The Meaning of “Money “ To understand how contemporary money developed, you must comprehend precisely what money is and what its functions are. The term “money” can mean a lot of things. It used with various connotations in our everyday speech.…
crisis of corporate capture of democratic administration America has been facing a crisis of corporate capture of democratic administration. The robust economic corporations have been translating to political control with disastrous effects for individual’s lives. Nonetheless, corporations of humongous wealth and remorseless possession of power have seized and made politics to work for their benefits. Thomas Jefferson, the author of the declaration of independence, warned against the threat to democracy posed by large banks and enormous corporations that had a selfish spirit of commerce. Jefferson attempted to change the rules to limit the control of money over administration and empower all individuals to engage politically as a countervailing force. Despite the efforts invested in by Thomas over excess corporate, the supreme courts would not heed or respect the original intent of the founders. Thomas’s distrust of concentrate and consolidated control was termed to be a legacy for all dissidents against the United States. Nevertheless, the founder did not want a lot of administration recognition but wanted an administration that would assert the sovereignty of citizens over corporations, which was more…
Cheap Ways to Entertain Yourself, Kill Time and make Money Staying at home alone can be fun. But sometimes it can also get boring, especially when you have nothing to do. Of course, you could always watch your favourite streamer on Twitch or play a video game. But for those days you feel bored and not interested in doing what you are used to, there’s a way out. Try these ten activities to entertain yourself, kill time and make money while at it. Get Paid to Play Games Taking a break from your favourite video games doesn’t mean quitting gaming altogether. When you need to kill time, sign up on PCHgames, Swagbucks or InboxDollars to play browser games in exchange for money. In many cases, browser games are simple puzzle or arcade games you could play while half asleep. They are entertaining, nonetheless. Some could also be addictive enough to motivate you to play them repeatedly. And considering you get paid, albeit pocket change, the games are worth it. Read Books for Money So, you enjoy reading books? Take a…
E-Business Strategy and Models in Banks: Case of Citibank Case Study Questions: Analyze the Citibank value Chain. (3 Marks) Value chain analysis for Citibank Citibank, just like any other organization values chain analysis, is based on the element of the e-banking strategy for an organization. The bank does create value via the support and other aspects of its operations. In this case, the chain value analysis will majorly be based on the various elements of the bank operation, such as the use of technology, marketing and sales, general maintenance, and the features of the other infrastructure used by the organization. The application of the new method of technology in its operational procedures, primarily through E-business, has been the core tool by Citibank in the development of the relationship with the various shareholders. There has seen the general productivity of the bank improves as most customers tend to associate with the latest or modern technology, which reduces the amount of tike that they spend in the banking activities (Abdullah et al., 2016). The different innovative e-banking solutions that the ban has…
economic crisis faced by Venezuela The content highlights the economic crisis faced by Venezuela. The crisis sparked by years of poor leadership has caused hyperinflation of its currency, food and supply shortages, corruption, high crime rates, and huge public debt. Interestingly, Venezuela was once one of the most prosperous nations in the world due to its large oil deposits; however, years of mismanagement has caused a political and economic crisis in the South American country with no end in sight. The solutions offered are to have different leadership in Venezuela that would create sound political and economic policies. I agree with the solution offered in the content. The biggest problem with Venezuela is political, which has a domino effect on all sectors of the economy. Under President Maduro, there has been a crisis after crisis that has put Venezuela in a negative light. His policies do not seem to work, and he should look beyond personal greed and do what is best for the country. I think after a change of leadership, Venezuela should seek the help of economic experts…