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Economics

Blockchain in Cashless Economies

Paper Excerpt

In emerging cashless economies, the demand for efficiency is so high that consumers express concerns about the current international payment methods (Maxmudjanovna et al., 2020). Given the high costs of transactions and other challenges like long turnaround time, consumers have demanded the innovation of more efficient ways of accessing financial services.

BUSINESS OBJECTIVES

Paper Excerpt

Small businesses are often thought of as the backbone of the economy, and as such, economic theories can help small business owners maximize their profits, growth, and other objectives (Ribeiro-Soriano, 2017). However, the motivation behind starting and running a small business is not always clear as set out in a firm’s mission statement. This report will discuss the economic theories and real-world implications of small business owners’ objectives and conclude by summarizing the findings.

COMPETITIVENESS

Paper Excerpt

The comparison between the competitiveness of India and China is an issue of great importance in global economics. This comparison is highly relevant given the size of the two economies and the potential for growth in each. To make a comparison between the competitiveness of India and China, there are several economic theories that can be used. This essay will discuss three of the most important theories: the Porter Diamond Model, the Resource-Based View, and the Heckscher-Ohlin model.

Economic Basics

Paper Excerpt

The basic problem which economics addressess is that of scarcity. The desires of the human race are infinite but earths resources are limited. In an environment where infinite wants chase finite resources we are forced to make choices.

AN ANALYSIS OF THE ECONOMY OF PORTUGAL

Paper Excerpt

According to OECD (2022) projections, the GDP of Portugal should grow by at least 4.8% and as such surpass the pre-pandemic GDP in June of 2022. The GDP growth will be driven by the rise in the domestic demand, and also the absorption of EU funds (OECD, 2022). In retrospect, the nominal GDP of Portugal in 2021 was $257,391 billion. The GDP per capita of the economy of Portugal is averagely $22, 176. This is indicative that the Portuguese economy has seen a steady moderate growth from 2014 to 2019, and a resumption of positive growth after the Covid-19 crisis.
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