In 1996 worldwide illegal copying of domestic and international software cost $15. 2 billion to the software industry, with a loss of $5. 1 billion in the North America alone. Some sources put the total up-to-date losses, due to software crime, as high as $4. 7 trillion. On the next page is a regional breakdown of software piracy losses for 1994. Estimates show that over […]

Economics of Pencil Making Just as with any other manufactured products, the economics of pencil manufacturing are driven by a number of factors. These cost drivers include: cost of raw materials (wood, graphite, clay, brass or aluminum for ferrules, lacquer components, etc. Cost of parts or other finished components used to assemble the pencil cost of transportation and handling of various materials used and of […]

Justification of the huge salaries paid to some top athletes; an economic perspective. Over the last century there has been much research into the area of Labour Economics, and hence the determinants of supply, demand and wages for labour. In this essay, I will be looking at the unique example of the Sports Labour Market with specific focus on the European Football Market, and use […]

The balance-of-payments (BOP) accounts of a country record the payments and receipts of the people of the country in their transactions with people of other countries. If all transactions are included , the payments and receipts of each country must be equal. I. E. Net Exports (NIX) always equal Net Capital Outflow (NCO). Although this is rarely the case. The BOP statement divides international transactions […]

Political, Economic, Social and Technological – plus Ecological or Environmental, Ethical, Demographic and Legal. It’s a matter of personal choice, but for most situations the original PEST analysis model arguably covers all of the ‘additional’ factors within the original four main sections. For example Ecological or Environmental factors can be positioned under any or all of the four main PEST headings, depending on their effect. […]

Balance of Payments and International Economic Linkages Balance of payments – accounting statement of the international transactions of one nation over a specific period of time (transactions between US residents and residents of all other countries during that year). Divided in different components:current Account – purchases and sales of goods and serviceableness Account – capital authoritativeness’s Account – changes in official reserves Debit entry – […]

Define Disposable Income: Disposable income is the amount or flow of money and income that someone has after taxes to spend. It can also be the money that someone may gain through different things such as benefits (welfare), wages after taxes. Using Extract A, identify two significant points of comparison between public expenditure as a percentage of GAP and unemployment over the period shown. At […]

Housing has a great impact on the quality of life of people. Be adequately housed, and life in a friendly ambiance is indispensable to wellness. The lodging market besides has an of import consequence on the economic system. An unequal lodging supply, or a malfunction of the lodging market, restricts economic growing. As a consequence, House in the UK has received much attending from policy […]

The world’s second-largest economy saw a fall of 15. 2% in Gross Domestic Product (GAP) between 2008 and 2009. Japan’s economy is dependent on exports, which fell by a record 26% in the last quarter of 2008, forcing companies to cut production as they had much spare capacity. Business investment declined by 10. 4% during 2008. Weaker domestic consumer demand was also a cause in […]

Rob Marseilles People face tough economic decisions every day. With a declining economy, businesses must consider the four “AS” of marketing: product, place, price, and promotion during the decision-making process. This will assist with accommodating the publics current needs while addressing supply and demand for competitive advantage. A brief explanation addressing the principles of individual decision- making will further assist the understanding of why people […]