One of the concepts covered in the course is supply and demand that also helps me better understand my future career field electrical engineering. The equilibrium price is determined by the intersection of the forces of supply and demand. This explains the high salaries in the electrical engineering field because...

The product that I have selected to purchase is a new home in the state of California. This product is particularly conducive to a number of economic factors that allow its price to fluctuate based on supply and demand and a number of other crucial aspects. Two economic indicators that...

Despite any counterargument, the weather can have an effect on local, state, and national economies. It can effect productivity, sales, innovation, business decisions, etc. Depending on the circumstance, these effects can be positive or negative. Some may argue that the weather plays no significant role in the economy. They claim...

Public transportation plays a very significant role in the economies of all the nations in the world whether it is a super power or a third world country. The ease of movement of people and good from one place to another within the expected time ensures that the economy keeps...

The role of governments in social systems has been of exclusive analysis and sometimes controversial debates depending on the nature of intended outcomes. Unlike the phenomena of communism, fascism, and socialism, capitalism does not take the role of being a centralized and coercive mechanism to accomplish predefined governmental roles. Therefore,...