The concept of alienation

The concept of alienation plays a significant role in Marx’s early political writing, especially in the Economic and Philosophical Manuscripts of 1848, but it is rarely mentioned in his later works. This implies that while Marx found alienation useful in investigating certain basic aspects of the development of capitalist society, it is less useful in … Read more

Understanding the Ergonomics in Opportunity Cost

Economics in “Opportunity Cost” The idea of Economics is present everywhere in our society. Through our lives, the things around us directly relate to our economy. Music is one of the many areas that play a large role in our lives. For me, the song “Opportunity Cost” by G-Eazy is solely about economics and the … Read more

Unemployment and inflation

In 1991 the Colombian authorities implemented inflation target for the first time, at the time the central bank (Banco de la Republican, BR) and the government were not clear about their tasks on macroeconomic management and there was not an authority that set any monetary policies. Therefore, the nature of inflation targeting and operational meaning … Read more

Contract Costing of Construction Industry

The costing method that is commonly practiced by construction industry is contract costing. Contract costing is a technique that is used to track the cost of a specific contract with a specific customer. When two parties enter into a contract, for example, a construction company enter to a contract with their client, they will have … Read more

Fair Trade: The Pros and Cons

Fair trade is trade in which fair prices are paid to producers in developing countries. It based on partnership between consumers and producers. Fair trade improves the lives of those living in developing countries by offering small scale producers fair trade relations and a guaranteed minimum price. There are over 1.5 million workers and 1210 … Read more

Materialism In William Wordsworth’S Poem “The World Is Too Much With Us”

In a rapidly developing and consumerist world, humanity has fallen deep into the rabbit hole of materialism. The root of man’s estrangement from nature stems from the ongoing issue of the wasteful trappings of society. Believe it or not it seems that the inevitable forces of materialism was also present—if not created—in the early nineteenth … Read more

Social entrepreneurs

Entrepreneurs are someone that founds and venture a small business while acknowledging the risks and rewards of it rather than working as an employee. They are commonly seen as an innovator, a source of fresh ideas, goods and services. Entrepreneurs play an important role in an economy. They are gifted with the skills and drives … Read more

Why Environmental Sustainability is so Important

Sustainable Environments In order to consider environmental sustainability, we must first define it. It can be described as “The rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely.” My perspective is that it is something that all countries need to actively consider. It may be harder in underdeveloped … Read more

Revolutionary Spirit in Fight Club

Tyler Durden in Fight Club attempts to subvert the capitalist, consumerist system through civil disobedience and Fight Club itself. Secondly, Chuck Palahniuk uses Tyler Durden and his insurgency to criticise contemporary capitalism, by showing the negative effect that consumerism has had on society as a whole. However, ultimatley Tyler Durden does not effectively subvert the oppresssive … Read more

Why All Things Golden Exude Luxury 

Crazy Rich Asians is a ground-breaking film which centres on highly elegant and extravagant Chinese and Singaporean lifestyles. Aside from showcasing close family ties, the film digs deeper into the core of these relationships. Primarily moved by the desire to secure a comfortable life for everyone in the family, all members of the clan wish … Read more

Consumerism

Sophie Kinsella, the author of the Confessions of a Shopaholic novels, captured the very essence of consumerism when she wrote that “Shopping is actually very similar to farming a field. You can’t keep buying the same thing you have to have a bit of variety.Otherwise you get bored and stop enjoying yourself.” Consumerism is defined … Read more

Relationship between demand of a commodity and its price

The Demand Function: The quantity of each commodity that is demanded by an individual household is affected by five main variables: The price of the commodity The prices of other commodities The income of the household Various ‘sociological’ factors, and The tastes and preference of the house hold. The above list can be conveniently summa¬rised … Read more

Vitamin C in plant oils

Vitamin C has many benefits for our health, including prevention of common cold, but it is not yet confirmed, with more evidence needed to support such suggestion. However, research studies stated that vitamin C can reduce the severity of common cold’s symptoms, especially nasal discharge, as it gives more support to the nasal blood vessels, … Read more

The Organization of Arab Petroleum Exporting Countries

Economists often cite OPEC as a textbook example of a cartel that cooperates to reduce market competition, but whose consultations are protected by the doctrine of state immunity under international law. However, their influence on international trade is periodically challenged by the expansion of non-OPEC energy sources, and by the recurring temptation for individual OPEC … Read more

Nature of economic reasoning

Definition of economic It is saying economic is the art but in the modern society it is named social science. Considering of economic they will think about how cost and resources are efficient for human being’s unlimited wants. There are micro economic and macro-economic Micro economic concerns the behavior of individuals and firm decision making. … Read more

The difference between carrier oils and essential oils

So we all know peppermint oil and tea tree oil and macadamia oil but do we know the difference between carrier oils and essential oils and what they can do for our skin? Essential oils come from aromatic plants or botanicals. They are distilled from the leaves, bark, roots and other aromatic parts of the … Read more

Critical Movie Analysis about “Capitalism: A Love Story”

“Capitalism: A Love Story” is a documentary widely released to the public in the United States and Canada on October 2, 2009, which was written, produced, and directed by Michael Moore. The documentary tries to address the question: What is the price that America pays for its love of capitalism? Michael Moore makes determined efforts … Read more

Mercantilism definition and history

Mercantilism is an economic policy that believes that trade generates wealth, and the economy is stimulated by the accumulation of profitable balances. It also states that the government should maintain a strong hold over the economy by means of protectionism, meaning that the economy should be protected from foreign competition by taxing imports. This economic … Read more

Essential Oils From Leaves And Bulbs Of Crinum Jagus

Essential oils from leaves and bulbs of Crinum jagus (Th.) D. (Fresh and air dried): Gas Chromatography-Mass Spectrometry analysis, cytotoxic and free radical scavenging activitiesChemical composition and brine shrimp lethality of essential oils from different parts of Crinum jagus (Thompson) Dandy: Comparison between fresh and air-dried of leaves and bulbs. A comparative study of essential … Read more

The Effect That Material Goods Have On The Happiness In Our Lives

Does minimalism equal happiness “Minimalism is a tool to rid yourself of life’s excess in favor of focusing on what’s important, so you can find happiness, fulfillment, and freedom.” -The MinimalistsIn Graham Hill’s NY Times commentary, Living with Less. A Lot Less, in which he examines the effect that material goods have on the happiness … Read more

Channel Management Process

I want to better explain the steps in the channel management process, using real life examples from the store that I work for and its primary supplier. These steps include: analyzing the consumer, establishing channel objectives, specifying distribution tasks, evaluating and selecting intermediaries, and evaluating channel member performance (Hiam, 2007). The first step of the … Read more

An Argument in Favor of NAFTA

Do you support NAFTA? Why or why not? In my opinion NAFTA is a good thing. I think my favorite part of NAFTA is the fact that it was an agreement between developing and developed countries. The reason I find this to be so interesting is because something like this has never existed before where … Read more

A Post-Fordist revolution in the contemporary organisation of work and consumption

Critically assess the extent to which we can speak of a Post-Fordist revolution when exploring the contemporary organization of work and consumption. To a certain extent, we can speak of a post-Fordist revolution when exploring the contemporary organization of work and consumption. However, themes of original Fordism still exist in modern day society. The concept … Read more

A story of John D. Rockefeller as a Business Titan

The 19th century witnessed a universal transformation from agrarian society to industrialization in America. New technologies and manufacturing techniques allowed several men to become immensely powerful. Sometimes people categorized these men as “captains of industry,” whose resources, intellect, and power could be used for the public good. More often, however, the pejorative “robber baron” was … Read more

What are Economic Relations?

Economic relations can be defined as the economic interaction among various countries and their effect on global economy The impacts on governments restriction on production, consumption and distribution of income play major role in economic relations of a country with the other Example: India, inspite of being under British colony for more than 200 years … Read more

The basic concept behind relative valuation

Multiples The basic concept behind relative valuation or multiples is that identical assets should sell for identical prices (Koller et al., 2015). This method is considered easy to understand, apply and communicate. However, multiples are often misapplied. According to Damadoran (2012) and Goedhart et al. (2005), relative valuation presents major shortfalls. First, market trading levels … Read more