Internal Rate of Return According to Hilton (2011), the internal rate of return is the "true economic return earned by the asset over its life" (p. 685). ... If the expansion fails, Competition Bikes would run the risk of defaulting on the loan. ... In order to buy the facility, Competition Bikes would need to put $50,000 down. ... Canadian Bikes would no longer exist and would operate as Competition Bikes. ... As a result, it would be longer before Competition Bikes would have any return on investment....

• Word Count: 1314
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

ECONOMIC"S ESSAY "Discuss and evaluate the proposition that perfect competition is a more efficient market structure than monopoly." ... Competition among economic agents would therefore narrow selfish interest of each person in a sociable desirable direction . Therefore perfect competition would lead allocative or economic efficiency. ... Economic profits indicate whether or not resources are being directed to their best use. ... Another type of efficiency is allocative efficiency or economic efficiency. ...

• Word Count: 2214
• Approx Pages: 9
• Grade Level: Undergraduate

The Competition Policy of the European Union As part of the European Union, member states adopt an economic policy conducted in accordance with the principle of an open market economy with free competition. The EUs competition policy objectifies the determination of effective competition with respect to a erelevant market. ... Competition forces firms to be competitive and attempt economic efficiency. ... The purpose was to prevent private economic players and national public authorities from dividing up the large European market, thus jeopardizing or even canceling the benefits of i...

• Word Count: 1437
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

This is called "monopolistic competition," and we have "monopolistic competition" when a group of firms sell closely related, but not homogenous products. ... Product differentiation is characteristic of monopolistic competition, but not limited to monopolistic competition. ... We remember too that this is economic profit -- net of all implicit as well as explicit costs -- so this profitable performance will attract new competition in the long run. ... A new "long run equilibrium" is reached when (economic) profits have been eliminated. ... Zero (economic) profit is also the condition for lon...

• Word Count: 2236
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The regulation of competition is administered by the EU's competition policy. The aim of the policy is to create and maintain a system permitting undistorted competition within an economic region . ... The purpose was to prevent private economic actors and national public authorities from dividing up the large European market, thus jeopardizing or even canceling the benefits of integration . Nonetheless, even in the most ideal economic conditions, economists accept that perfect competition cannot be achieved. ... Any advantage granted by the State or through State resources is considered ...

• Word Count: 1863
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The right to private property, choice, voluntary exchange, competition, and economic incentives are what we thrive towards every day. ... Ryan's essay, Inequality, offers the idea that economic resources should be shared equally among all instead of limiting the access of these resources to those with a lower economic status. ... Probably the most important motivational force within a market system is competition and self-interest. ... Because there are so many entering into the economy looking for these benefits, this increases competition among businesses. Competition raises the sta...

• Word Count: 929
• Approx Pages: 4
• Grade Level: Undergraduate

Economic Systems Models Hello Mr. ... There are three main types of economic systems: • The Market Economic System • The Planned Economic System • The Mixed Economic System MARKET ECONOMIC SYSTEMS First of all we will discuss the Market Economic System. ... All these countries were following an economic system known as the Planned Economic System. ... When being compared to the market economic system, the planned economic system is very different. ... Everybody else was making the same thing at the same price and there was no competition. ...

• Word Count: 1585
• Approx Pages: 6
• Grade Level: High School

If a product is exclusive and in demand, the company holding all rights to that product or service will not have any competition and can set its own price for the product. ... Ideal economic welfare can be gained in a perfect competitive market. ... This causes a deadweight welfare loss and reduces the economic welfare. ... So the sum of consumer surplus and producer surplus may be higher than in the perfect competition at this time. ... Moreover, economic welfare will increase owing to the reduction of deadweight welfare loss in this way. ...

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Merchant shipping was the base of financial security, but when strong powers such as England engaged in warfare with the Dutch, it caused many losses in the Baltic Sea Trade Competition led to warfare with England. ... Competition with the English East India Company caused the economic decline of the Dutch Republic (Document 2). ... The profits of the East Indian trade turned into losses after the wars and the competition could not be checked, as the Dutch colonial administrator stated. As England's trade prospered, the Dutch became anxious and because of this competition war broke out...

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Without resources there can be basically no production and no growth. 5) Trade stimulates competition between companies and again there is more effectiveness in the economy. 6) If there was no (possibility of) trade, many companies would not invest abroad. ... This is good because it improves economic performance and growth. ... Trade: Engine of Economic Growth Cross-border trade has been expanding at a pace roughly twice that of economic growth worldwide – in both developed and developing countries. ... • But trade is vulnerable to economic slowdown. ... • Slowing economic ...

• Word Count: 1844
• Approx Pages: 7
• Grade Level: Undergraduate

The second topic is media and communication markets focuses on economic concepts of demand and supply and on competition. ... Also no person may distribute any publication that is printed outside of the country unless the name of the country of origin is affixed to the publication.[ CITATION Jus11 l 7177 ][ CITATION Gov93 l 7177 ] 2.2.2 The Competition Act 89 of 1998 The Competition Commission was established to investigate, control and evaluate restrictive practices, any abuse of dominant positions and mergers aiding for the establishment of the Competition Tribunal. The Competition Tribunal...

• Word Count: 1897
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Cluster Theory & Competition An examination of Porter's cluster theory in the context of a firm's, region's and nation's competitive advantage. ... Adam Smith (1723-1790), the father of classical economic theory, studied factors of production in his ten-man pin factory in Scotland, and extrapolated on a national scale to lay the foundations of economics around the notions of specialization within enterprises, specialization across countries, and the power of unencumbered competition. ... Thus, a balance should be struck between economic arguments of efficiency and the...

• Word Count: 4507
• Approx Pages: 18
• Has Bibliography
• Grade Level: Undergraduate

There were many reasons for and many impacts of this period of economic growth and industrialization. There were many reasons for the industrialization and the rapid economic growth of America. ... Along with the economic growth of America came the creation of "Robber Barons". ... Their intent was to restore competition. ... Farmers faced problems, too, such as low prices on commodities and restrictive tariffs and fiscal policies, competition abroad, and drought. ...

• Word Count: 703
• Approx Pages: 3
• Grade Level: High School

Since the First Industrial Revolution, technology has been a basic motor for economic growth. ... They can also play an important leadership role in dealing with new issues regarding competition and cooperation. ... Therefore technology plays a vital role in economic growth. In the past decade tecnology had brought a transformation in economic structure. ... The competition is between countries, states and communities, as well as between large and small firms and among industries. ...

• Word Count: 757
• Approx Pages: 3
• Has Bibliography
• Grade Level: Graduate

Introduction The Chinese government has set up a large amount of economic and technological development zones approved by the State Council as state-level economic and technological development zones(SETDZs). ... Problem: Sustainable Development of SETDZs in China For three decades, economic indicators of the SETDZ's have increased 25% annually. Numbers have promoted local economic development, system renovations and science & technology developments. At the same time, the SETDZ's in China have come up against great difficulties, including financial strain and homogeneous competiti...

• Word Count: 1306
• Approx Pages: 5
• Grade Level: Undergraduate

Economic growth is measured usually always by the change in real national income. ... There are many arguments against economic growth which support the idea that economic growth is bad for the economy. ... Also more competition in jobs can lead to stress at home which can cause divorce rates and crime rates to increase. ... If the economic growth stays steady and increases slowly maybe it won't have such a huge effect on Negative Externalities as the people are more aware of the things to come ahead and so they may be more prepared e.g. if there is competition for a job then the worker ...

• Word Count: 1183
• Approx Pages: 5
• Grade Level: High School

Generally, oligopsony and monopsonistic competition are market power that focused on the sellers which is the mirror image of oligopoly. ... Figure 1: Monopsony or monopsonistic competition graph (Wikipedia, 2014) The standard theory of human capital said that firms do not invest on general training because there might be ex post wage competition between current firm and potential employers.... When there are competitions among firms, firm will invest more on high ability workers so the profits earned will be larger. ... However, there will be no change on firms welfare as profits are ze...

• Word Count: 2083
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

All economic systems must be able to answer these 3 basics question. Economic systems that answer those three important questions are communism and mercantilism too. Stalin the leader of the Soviet Union makes the economic system of communism. ... But on the other side the communism economic system did make Soviet Union industrialize. ... During the time when Europeans Kings ruled the fierce competition and trade and empire they adapted to this new economic system called mercantilism. ...

• Word Count: 837
• Approx Pages: 3
• Grade Level: High School

Monetarism is a school of economic thought that holds that the money supply is the main component of economic activity. ... They argued that government economic intervention should be kept to a minimum and believed that economic conditions would change before the policy measures could take effect. ... These economists believe that the government should plan economic activity. ... This was necessary in their view because the forces of competition were too weak to restrain big corporations from raising prices. ... Related to economic planning is an industrial policy espoused by Robert Reich. ...

• Word Count: 586
• Approx Pages: 2
• Grade Level: Undergraduate

Their mission statement consists of three interrelated parts: product, economic and social. ... Economic: To operate the company on a sound financial basis of profitable growth, increasing value for the shareholders, and creating career opportunities and financial rewards for the employees. ... Macroenvironmental Forces Economic There is an ongoing vanilla shortage, which will keep vanilla prices high for some time to come. ... Indirect competition from one of the world's largest and most recognizable restaurants would be a major struggle. ...

• Word Count: 2118
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

A buyer and a seller exercise their economic freedom by working toward satisfactory terms of an exchange. ... If someone picks the product because it isn't as expensive as the competition product and still provides the consumers wants and needs this would mean that product that wasn't picked would cause that company, whom didn't win the sale, to lose business revenue due to it being substituted by a cheaper product thus leading to a decrease in demand for the competition product. ... This would cause the winning business to have a higher demand for their services then opposin...

• Word Count: 805
• Approx Pages: 3
• Grade Level: High School

A monopoly is an economic situation in which a single seller or provider supplies a commodity or a service. ... The antitrust acts are laws that maintain by legal means a competitive economic environment. ... The quality and competition of computers has gone up as a result. ...

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http://www.amosweb.com/cgi-bin/pdg_dsp.pl'term=Fact+1:+Our+Limited+Pie The Distribution of the Economic Pie is Neither Fair or Unfair Not only in our economy but also in the world's economy the economic pie is sliced differently depending on several aspects. ... Depending on your location and economic status will determine how big a slice of the pie you get. ... Economic Status: Just because you live in America doesn't mean your going to live a nice comfortable life. ... Now with satellites the cable companies have so competition with the satellite receiver dishes. ...

• Word Count: 2611
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

International competition is when competition drives down prices, meaning things are available from many different places at many different prices. ... The rate of economic growth is when real GDP is increasing. ... Free Trade is when countries do not pay tariffs or taxes. 12.6 The global economy in the American free market system is important because it creates more competition stabilizes price because of competing foreign buissiness make more interdependent economic atmosphere stimulating the economic system. ...

• Word Count: 1180
• Approx Pages: 5
• Grade Level: High School