Economics was an academic subject that I had not explored until I read “Freakonomics” by Levitt and Dubner. They use arguments throughout the book to explain or disprove “conventional wisdom,” which was what I found fascinating and led me to want to develop my economic...
What is Oligopoly to us in the market. Oligopoly is a market form where a market or industry is dominated by a small number of large sellers. Oligopolies can result from three main reason, Government barriers, Economies of scale, and Advertising. These things all put...
Firstly, there are macroeconomic factors which are managed at government levels. These include: gross domestic product (GDP), interest rate trends, inflation, exchange rates, unemployment, tax rates and recessions. All factors contribute to how Nestle operates. This causes a disadvantage to the business as it creates...
McDonald's corporation is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald. What many people don’t know is, McDonalds actually started as a barbecue restaurant and in 1954; a local businessman by the name of Kroc intersected...
Introduction As the international affairs officer for Fontana Technologies, I was tasked with the responsibility of determining what country would be best suited for our 2019 expansion. After analyzing a number of socioeconomic components, South Korea is the location that compliments the needs as well...
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