Essays on Economics

A national minimum wage (NMW) is adopted by a large majority of countries forcing employers to start paying employees no less than a standardized base remuneration. On average, the national minimum wage increases annually, with the United States of America being an exception (Grugulis, 2019). This legislation poses an ongoing debate. The government, economists, politicians,...

Introduction This chapter entails reviewing of theoretical and empirical literature on the effect of public debt on social welfare programs in Kenya, a conceptual frame work on dependent, independent and intervening variables. The chapter also expounds on the research gap by showing how the study deviates from previous studies reviewed in empirical literature. Theoretical Review...

Key aspect of audience : More than half of the listeners are unaware of the bias audit reports so the purpose is to make the concept of biased and unbiased audit reports clear enough. Ways of improving the audit reports aspect is briefly explained using simple terms which is easy enough for the people to...

This essay will argue that capitalism is not the morally best economic system as a result of the systems unfairness, lack of concern for welfare and limitations on one’s freedom. The specific identification on capitalism’s efficiency and inefficiencies including, the role of private property rights, exploration and one’s moral obligation to support those in need...

Economic inequality has been a major subject of discussion over the past few years, by academic circles, political spheres and the popular press. Kulkarni and Matin-Bekat(2009) suggest that as inequality applied to income and economic inequality, is a very complex issue; economists, sociologists, and political scientists are only a few of the concerned with economic...

1. Introduction: Indian Economy depends more on agricultural in earlier days, now it depends more on the service sector as it is second largest country in the population. Indian Economy is divided in three sector-primary, secondary and Tertiary sectors. The service sector has gained momentum after New Industrial policy of 1991. Impact of Industrial policy...

Executive Summary Infrastructure is an integral component and a building block for economic growth. With the increasing population, there is a growing need for sustainable and affordable housing. According to a report by KPMG, India’s urban housing shortage is estimated at 18.78 million units, which is projected to reach 48 million by 2022. In this...

Introduction The surrender of Nazi Germany on 7th May 1945 ended its war with the Allies and Soviet Union giving them victory over Axis power of Europe. After ending the Second World War in 2nd September 1945 the country was divided into four half with the Soviets controlling east and Allied countries (USA, Britain, France)...

Introduction “To put it simply, the poor are getting poorer and the rich are getting richer. You don’t need a report to know that.” Said Zhou Xiaozheng, a sociology professor at Renmin University in Beijing. It isn’t news to people living in mainland China that while the upper class are living affluent lifestyles, the lower...

Introduction I am writing a report on why should a business trade internationally along with what are the advantages and disadvantages of trading internationally with how to help businesses trade internationally as well as the effect of globalisation and trading blocs on international trade. During my report, I hope to show methods of how a...