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Economics

Impact of World Financial Crisis on the UAE Economy Case Study

Introduction The economy of the United Arab Emirates (UAE) is the second largest in the Gulf Cooperation Council (GCC). It is also one of the rapidly growing economies in the world. In the last four decades, the economy has transformed from a poor country that depended on fishing, agriculture, and herding to a modern economy …

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Embracing the Entire Globe: Globalization Is not to Be Feared! Essay (Critical Writing)

No matter what one might say about the links between different people and different nations, there can be no possible doubts that certain countries stay miles away from each other. Preserving their cultural identity, they are still linked to one another, which cannot be considered but a positive state of affairs. Despite the fact that …

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Demand, Supply and Their Interaction on Markets Essay

The article called “Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory” by Richard R. Nelson explores the neoclassical perspective on the curves of supply and demand, the prices within markets, and the allocation of resources. Firstly, the author mentions that the prices within markets used to be …

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Economic Factors of Dubai Tourism Demand Essay

Introduction Unlike macroeconomic policies that deal with aggregates of the entire economy like unemployment, inflation, and gross domestic product, microeconomics deals with the study of individual economic parts. Decisions made by households and the firms in the allocation of limited resources normally comprise the majority of microeconomic policies. The decisions affect each in a cyclical …

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Misallocation of Resources in Saudi Arabia Research Paper

Introduction Resources are scarce and need to be utilized in an appropriate way to feed the entire population; however, this is not the case in many countries. Saudi Arabia is a fast growing economy which is not exempted from resource misallocation. Misallocation of resources in the country takes the form of misuse, inefficiency in resource …

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The Implication of Population Demographics on Businesses Research Paper

Introduction The population of the U.S. and developing nations has been changing in the recent past. According to Kotkin (2010), the population of the United States is growing rapidly and is expected to expand by 100 million by the year 2050. However, the growth in population is uneven as the structure is not balanced. Further …

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Economic Difficulties Faced by South Africa Essay

In his article, Patrick McGroarty focuses on economic difficulties faced by South Africa; in particular, the author speaks about unemployment, failure to finance the developmental project, corruption, or increasing debt of the state. This article is important because it can be related to the questions discussed in the course. For instance, one can mention poverty …

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Islamic Business Report (Assessment)

Introduction Islamic business is an entrepreneurial system that is consistent with Islamic laws and principles such as prohibition of interest charges alongside application of Islamic economics. The Islamic law does not allow practices such as those in banking and private commercial institutions; however, sharing of profits is permitted. Western banks have opened branches in Islamic …

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