economics

“Quality institutions”.

Economist keep saying that the quality of institutions is important for economic growth, but when you look at countries all around you, it is unclear what economists mean by “quality institutions”. China, a very corrupt country, with autocratic political system is among the fastest growing countries in the world. Isn’t this country growing in spite …

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Economies of Scale

        Millennials are renting offices sharing costs to reduce their overhead expenditures and overall efficiency. What are the disadvantages and advantages of economies of scales? Give examples of your local establishments that use shared locations to decrease costs, i.e., Taco Bell and KFC. Include a minimum of one reference.

A capitalistic economy

Many would argue that in a capitalistic economy, the government cannot provide goods and services as efficiently as the private sector. For example, most arguments for and against the Affordable Health Care Act center on the efficiency of the government in managing and operating a health care system. Do you think the government can provide …

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Service planning difficulty

A company is considering the relocation of its manufacturing plant and administrative offices from a small city in the Midwest to a similar-sized city in the South. Approximately 20 percent of the residents of the city are employed by the company, and many others are employed in businesses such as banks, personal services, restaurants, shopping …

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The Supply Chain

        “The Supply Chain” Please respond to the following: Define suppliers and explain their interests and power, especially as related to lead firms. Discuss at least 2 reasons why globalization affected the supply chain.

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