Why is Australia relationship with Indonesian considered difficult and complicated?
Australia and Indonesia are two neighbouring nations but they a have a complex relationship. The two nations differ in terms of population, worldview, economics, race, geography, history, culture, language and religion. More importantly, they have a challenging relationship, which started in 1999 when the military and political leadership of Indonesia suffered humiliation after Australia led stabilization forces in East Timor, where Indonesia had occupied and annexed s...
Can Brick-and-mortar Stores Compete with the Online Giants?
Brick and Mortar is a street side business that serves its customers orally in an office or a store that the company owns or has rented out somewhere. There are numerous examples of the common one including the local grocery store and the corner bank stores. When it comes to competition, the Brick and Mortar stores do not usually find it easy with the established and existing businesses like the Amazon because such companies have low costs of operating and are so flexible. The Brick a...
Aspects of Labor Force
Aspects of Labor Force
In a broader perspective, the labor force participation rate (LFPR) refers to the portion of employed and working individuals, especially in the Age group of 16-64, in the economy, which might be employed, or might be in the process of seeking for employment. Such is to indicate that the LFPR is meant to measure the active workgroup concerning age, as it occurs in a particular economy. The above perspectives and those explained in the case study contain aspects of the labor market theories which identify the role of the worke...
Different perspectives exist in the economic discipline. Economists fall into different schools of economic thoughts which shape their views of the various economic concepts and approaches to economic problems. This paper is present research on Robert Mundell, a Canada born economist who currently teaches at the University of Hong Kong and Columbia University. The paper is in three sections; the first section presents the sources used in the research, the second section presents a summary of important facts about this economist, and the third section prese...
Price discrimination is a technique in microeconomics where a company offering similar or identical goods charges different prices to different markets. Companies carry out price discrimination either due to the difference in cost of production or to make a maximum price on a product (Kilvington and Price, 2017). However, for it to be successful, companies require to consider the reservation value of every customer (Ferrell, 2016). To this end, it is important to take into account the amount of money the customers are willing to pay for a gi...