It is hard to imagine any concept that would be more important for understanding economics than the concept of capital. It is only natural that the economic system comprising free enterprise and private property is often referred to as capitalism.
And it is surprising that such an important concept would be the subject of much controversy. Ever since the emergence of economics as a science in its own right different … Read the rest
Risk management is a highly complicated field of study, of necessity dealing with numerous factors, probabilities and variables. As a result, defining even an individual risk may be a very difficult task, further complicated by the fact that risks may be measured in a wide variety of ‘units’ (such as monetary costs, time, reputation, etc.) and that it is hardly possible to define in what ways different risks influence the … Read the rest
The idea of contracting some business processes of a company to a third party isn’t a new one, but the technology allowing to make this practice viable and widespread wasn’t around until quite recently. About a decade or two ago outsourcing was one of the most important and widely used buzzword in business – and albeit today it isn’t as hot a topic as then, it still remains an incredibly … Read the rest
The use of case studies is an extremely important tool in modern education, and especially so in economics, due to the reactive nature of the discipline. However, in order for a case study to be effective, it has to be carefully written and checked for inconsistencies – it won’t do if due to some oversight on the part of the author students will concentrate their attention on an insignificant detail … Read the rest
Are you looking for tips on how to write great economics essays? Where else can economic students find inclusive information on writing essays than on this page?
The most important asset that an economics student has in the writing of economic essays is preparedness that masterly of economics offers. This implies that if you are a student taking economics, it is about time that understanding of the underlying principles … Read the rest
