Essay about Business Economics Course Project - Part 2

| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.

In the past Venezuela created inflation that ran at a fairly reasonable rate. However, today they are slowly deepening into an economic crisis. Today Venezuela is experiencing hyperinflation, with an inflation rate above 800 percent. Hyperinflation as discussed in class, is monetary inflation

Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.

Apple Incorporation is one of the biggest high technology company that operates worldwide. Is was established on April 1, 1976 in California by Steve Wozniak, Steve Jobs and Ronald Wayne.The company is known for designing and manufacturing several technology devices include Smart Phones (iPhone), Tablets, iPods, iPads, Mac, Apple TV, Apple watches as known as smart watches, it also produce software’s like the OS X and iOS operating systems, and offers several online services such as iCloud, Apple Pay, Apple Care. The company strategy is to designee and enhances its own operating systems, software, hardware and other services by providing customers with new developed technology.

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

Using the data and your own economic knowledge, assess the case for financing universities mainly through charging fees to their students.

The second type of unemployment is also one that can be easily grasped by most people. This type of unemployment is frictional unemployment and is defined as, “the unemployment which exists in any economy due

THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS ECON1202/2291 QUANTITATIVE MEHODS A FINAL EXAMINATION SESSION 2 2008

Please note that this Assessment document has 8 pages and is made up of 7 Sections.

7. Farmers might suggest that a remedy for deflation is to have more government involvement such as paying farmers a certain amount to NOT grow crops to ensure a profit (or some earnings) for that year. Because prices fall in a deflated economy, and the price for crops is already set low, farmers could not plant as much crop either. Additionally, they could petition for the government to set the price in proportion to their income.

Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?

What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?

Your paper should be between 1750 and 2500 words, in APA format and structured as follows:

Hyperinflation is a rare economic phenomenon where inflation becomes out of control. The confidence in the country’s currency reduces significantly leading to a dramatic increase in the prices of goods and services, rising by 50 percent per month. Hyperinflation is often considered to be a manmade disaster. There are several theories explaining the causes of hyperinflation:-

Hyperinflation, the term can be easily understood by its prefix and foot, the high-strung high index of inflation economics circumstances. According to Cagan, a famous economist, the definition of hyperinflation is when the inflation rate is greater than 50 percent monthly and lasts for more than one year, it can defined as hyperinflation. For example, a dollar item in January cost 130 dollars in the next year of January. Throughout history, there are many examples of hyperinflation worldwide. By looking through the data, Taiwan’s hyperinflation is not as serious as other countries, such as Germany, Hungary and Russia. However, the Taiwanese experience hyperinflation for a very long time, 42 months from January 1946 to June 1949, when compared to other countries.