Introduction The present-day economic situation on the European market is complicated by the recent events and specific tendencies stemming from a failure of interconnected systems. In other words, the principal challenges in this regard are the condition of the European Union (EU) after Brexit and the gradually deteriorating position of...
Some people support the idea of the return to the gold standard, while others consider it to be completely irrational. The former’s main argument is that if the gold standard is adopted once again, inflation will not happen. The reason for it is that it ensures the amount of gold,...
Price-wage rigidity or stickiness describes a scenario where a commodity’s price remains constant immediately to the new market-clearing price after changes in the demand and supply curve. In this particular situation, market prices and wages fail to respond quickly to equilibrium despite shifts in the general economy that indicate that...
In the interaction of industrial market participants, some distances interfere with the efficient cooperation of partners. It is possible to distinguish the distances between Russia and other market participants, which will be stated below (Ghemawat 2001, 17) Cultural distance occurs when partners work with foreign markets, and there may be...
The issue of the federal minimum wage has been a topical one since the moment of its introduction in 1938. Since then, Congress has changed the size of the sum on numerous occasions, which eventually led to the current $7.25 an hour. In recent years, the debate on the necessity...
Introduction Theories have been developed to link domestic investments to the economic growth of countries. However, many scholars focus on foreign direct investment (FDI), which is considered one of the critical drivers of economic performance. Saudi Arabia is one of those states whose growth depends on the presence and use...
Pricing is essential in determining fare levels, restrictions, and service amenities for several products in a market which is origin-based. St. Louis Lambert International Airport (STL) employs pricing strategies based on demand, cost, and service. STL fare structure mirrors two strategies: product differentiation and price discrimination. The latter allows different...
Guinea is not included in the list of wealthy and rapidly developing countries, as its economic background remains relatively weak, and multiple indicators may prove this thesis. For instance, observing the economic climate of this state, The World Bank states: “Growth stood at around 10% in 2016 and 2017, before...
In this article, the authors raise the topic of the housing crisis in indigenous reservations, its origin, and ways to solve it. First of all, it gives the history of research and evaluation of the housing issue both on the reservation and beyond. Then, the use of the accumulated information...
The concept of the euro as an international currency has both many positive aspects and a sufficient number of controversial and negative ones. Given that this currency was created relatively recently, there are many questions regarding further possible development prospects. The existing ambiguity and uniqueness of the euro as a...