A market failure is an economic situation occurring from inefficiencies in the distribution of goods and services in freely functioning or unhindered markets, thus resulting […]
Category Archives: Business and Markets
Open Office Spaces: The Pros and Cons
Open office spaces or an open-plan workspace is a floor plan layout and floor space configuration characterized by the use of large open space with […]
Boycott and Buycott of Russian Goods in China
A considerable level of anti-Russian sentiments in China is possible. This might come as a surprise for some people considering that both countries historically share […]
How Tariffs Fuel Price Hikes and Can It Cause Inflation?
Tariffs are one of the most common protectionism policies. Raising import duties on certain goods to make them more expensive can encourage the domestic consumption […]
Applications of Strategic Human Resource Management
The management of human resources in organizations has evolved from reactive to proactive. This is called strategic human resource management. It specifically involves a proactive […]
The Apple “Think Different” Slogan: Origin, Meaning, and Impact
Apple launched the “Think Different” slogan in 1997 following the return of Steve Jobs in the company.
Supply-Side Economics: Advantages and Disadvantages
According to the macroeconomic theory called supply-side economics, an effective way to grow the economy is by lowering taxes and decreasing government regulation. These two […]
Classical Economics: Principles and Criticisms
Classical economics or classical political economy is one of the major schools of thought in economics. The core ideas first emerged and flourished in Britain […]
Visionary Leadership: Advantages and Disadvantages
There are leaders whose main leadership qualities are defined by their ability to focus on setting a long-term vision and inspire others to pursue a […]
Steve Jobs: Leadership and Management Style
Most would agree that the earlier success of Apple can be attributed to Steve Jobs. This cannot be denied. He not only cofounded the company […]