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Last Revised – Sunday, July 3, 2016Global Migration in Earlier Times Global Migration has been a constant feature on the earth ever since the man evolved. Scientists have studied how man evolved probably in the great continent of Africa and migrated to the other parts of the earth. This may have been to find new […]
Continue ReadingEnvironmental Change and Sustainable Development
Last Revised – Sunday, July 3, 2016Meaning of Environmental Change and Sustainable Development Environmental Change and Sustainable Development are the one of most important issues in the world of today. The degradation of the environment through natural as well as human forces is seen everywhere. Although natural forces such as winds, floods, spontaneous fires, volcanic […]
Continue ReadingMarket and Non-market Incentives
Last Revised – Sunday, July 3, 2016What are Market and Non-market Incentives? Market and Non-market Incentives can be defined as motivations offered to businesses that work indirectly by affecting the elements that are central to particular choices made by individuals or groups. These elements of market and non-market incentives could include factors such as the […]
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Last Revised – Sunday, July 3, 2016Definition of Standard Price Theory Standard Price Theory is the study of the methods by which the prices of goods are determined and the upward and downward movements of these prices in relation to the variances in the supply, demand and other influencing factors. Ultimately, the costs of production […]
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Last Revised – Sunday, July 3, 2016Definition of Globalisation According to the Collins Dictionary, Globalisation is defined as the “process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications”. The Merriam Webster simplifies this into “make worldwide in scope or application”.
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Last Revised – Sunday, July 3, 2016What are Mergers? Mergers are what happen when two companies combine for their mutual benefit. The reasons for mergers may be: to access new markets, technologies or economies of scale. Mergers are also called as the ‘merger of equals’ when the companies that are planning to merge are more […]
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Last Revised – Sunday, July 3, 2016What is Neoliberalism? Neoliberalism theory was offered by Robert Keohane and Joseph Nye in 1977 in their work entitled Power and Interdependence. Neoliberalism posits that states are anarchic by nature, and emphasise international co-operation via governmental organizations and institutions. Neoliberalism also lays more stress on absolute gains when compared […]
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Last Revised – Sunday, July 3, 2016Behavioural Theories: Definition Behavioural Theories are a combination of industrial economics and organisation theories. The behaviours of the organisation that are below the optimal standards are caused by uncertainties as well the objectives of the different groups in the organisation that are at variance with one another. The main […]
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