Economics Essays

What are the essential requisites of an obligation? ANS: An obligation has 4 essential requisites. They are: 1) A juridical or legal tie, which binds the parties to the obligation and which may arise either from bilateral or unilateral acts of persons; 2) An active subject known as the creditor …

1.0 Introduction The Consumer Credit Act 1974, which governs personal loans and other credit agreements in UK, is regarded as a consumer protection law. Under this Act it is mandatory for certain businesses to apply and get consumer credit licenses. This Act is intended to protect individuals who has availed …

Introduction             It is a fact that humans have limitations with their abilities and capabilities. One of the characteristics being described by these abilities is the physical strength. Strength is a prerequisite to obtain optimum human performance in our everyday life. However, it is also limited to human level.             …

            Both the letter of credit and the bill of exchange are useful documents in expressing the buyer’s interest in undergoing a contractual relationship in the international trade. However, rationality should be employed in internalizing which between the two pronounces better terms in such interest.  Letter of Credit (LC) refers …

Phillips (1958) was a British economist who charted for the first time the relationship between changes in money wages and unemployment.  The implication of what came to be known as the Phillips Curve, was that low inflation is incompatible with low unemployment, so therefore governments would have to decide on …

Introduction This research paper will concentrate on the topic about the current happenings and alterations in the price of oil. As such, this would focus in determining the various reasons behind the rise and fall in oil price. Hence, the paper would work in rendering definite information and rationale with …

1. Multinational bank ICB Banking Group has presence in 14 countries of Africa, Asia and Europe. Recently it has expanded its horizon to Lao PDR. and Malawi. 2. Brand value ICB Islamic Bank is a member of ICB Financial group holding AG of Switzerland and was awarded so many times …

The Canadian economic system is labeled, mixed economy.  The majority of the means of production in the nation are controlled privately.  Thus, Canada relies heavily on the market, or the free exchange – buying and selling – of goods and services.  Yet Canada’s market economy combines with its socialist economy, …

What are the major changes that several driving factors contributed on Brazil’s food and beverage industry? INTRODUCTION             Together with the trend of the new generation, Brazil had also broadened their horizons when it comes to what they it and consume everyday. Based on the article in Australian Government entitled …

The threat of new entrants in the soft drink industry is low. Barriers to the CSD industry are extremely high because customers have high brand loyalty towards to either Coke or Pepsi. As the case mentioned, Coke and Pepsi spend millions of dollars on advertising even though they are already …