economics

Introduction A monopoly can be defined as an entity that has an exclusive right to sell a certain service or a product (Baumol & Blinder, 2015; Pearson, n.d.a). In order for a business to gain a monopolistic power over its market, it has to satisfy two key criteria. First, the company’s offerings should be relatively […]

Introduction Despite the domestic challenges that America has faced over the years, especially following economic recessions as witnessed in the past, its financial system remains the largest and most significant across the world. In fact, the economy represents about 20 percent of the total global output. In addition, according to IMF rankings, the US has […]

Introduction The world economy has undergone economic slump in the past few years due to the global recession. The UAE’s economy has undergone a slump in its growth rate as the economy registered a modest growth rate of 2.3 percent in 2016. The global economic downturn resulted in a slackening of growth of real GDP […]

The US dollar has been remaining the world’s global reserve currency for a considerable period of time. Such a status in the global economic system has its own peculiar positive and negative consequences. The fact is, the USA currency is the most stable and prospective “player” on the markets, bringing the effect almost on every […]

Introduction Global financing and exchange rates are among the basic considerations that a country faces, when engaging in business abroad. These are also fundamental concerns when dealing with foreign trade, exports and imports. Considering hard and soft currency is, therefore, essential for countries to avoid the risk associated with fluctuation of currencies (Brown, 1978). This […]

Globalization is the process of integrating the different nations of the world by uniting their views, cultures, products, and ideas. Technology has aided a great deal in the promotion of globalization. Technology in transport and communication has enabled speedy, accurate, and less stressful access to information and places all over the world. One important aspect […]

Introduction South Asia is one of the densely populated regions in the world. Besides, the region houses one of the largest economies in the world based on the level of economic growth and development. Over the past two decades, the economy of South Asia has seen a steady growth averaging 6% annually, thus making it […]