Quantitative Techniques in Business

Objectives and Brief Description of the Companies Running a business is not an easy task to manage appropriately and this statement is nearly impossible to debate. Business requires intelligence, creativity, being rational, sometimes risky, and even friendly (speaking about efficient team work). Meeting all aforementioned these requirements mea...

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Market Entry Report

Due to the increased number of firms in the market, an organization may want to expand its services to a wider geographical area or enter new markets as a way of increasing its competitive advantages in the global market. Entry into new markets, however, becomes challenging for a company, especially when the new location has complex demographics...

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Joseph Schumpeter's Theories

One of the best known and most famous economists of the first half of the XX century is Joseph Alois Schumpeter (1883-1950). His theoretical heritage is extremely broad and diverse. His works The Nature and Essence of Economic Theory (1908), and History of Economic Analysis (1954) are devoted to the history and methodology of economic analysis. ...

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Case Study: Al Ain Dairy

Supply and demand are the two fundamental concepts of microeconomics. They are the most important levers in a market economy, as pricing is based on supply and demand. The interaction of supply and demand defines what and for whom to produce and at what price to sell. The importance of these concepts can be studied using an example of Al Ain Dai...

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History of Economic Thought

The economy is the base of any society. Economy occurs with a man; exists with a man, and in the name of a man. Moreover, there are also men of the economy, whose thoughts are the stronghold of the entire history of this science. According to Robert L. Heilbroner (1999), the world-known philosophers and prominent economic thinkers, Adam Smith, D...

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Economic Growth in the US and Mexico

Overtime economic growth has been widespread in most countries. It has increased the dependence of the countries, for they can rely on themselves to sustain their population. The economy is said to have grown if the per capita income of the state increases. The per capita income is determined by the average earning of an individual in a country ...

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