Changes in management and leadership are commonplace in large organizations. Established multinational companies often appoint new senior executives for different reasons. These include the retirement […]
Author Archives: Ray Charles Samson
Difference Between Capitalism and The Free Market
Both capitalism and the free market are interrelated concepts and actual structures that have directed the economic systems of most modern economies around the world. […]
The Factors of Production
The factors of production correspond to the tangible and intangible inputs required to produce or manufacture a good or provide a service, as well as […]
Advantages and Disadvantages of Inflation
Reports about the current inflation rate are often met with pessimism. However, at a certain level, a general increase in the price of goods and […]
Types and Causes of Market Failure
A market failure is an economic situation occurring from an inefficiency in the distribution of goods and services in freely functioning or unhindered markets, thus […]
Advantages and Disadvantages of Shopify
Shopify is a popular fully hosted e-commerce platform that enables individuals and business organizations to build, manage, and grow online storefronts to sell products or […]
The Advantages and Disadvantages of SWOT Analysis
SWOT analysis or a SWOT matrix is a framework and tool for analyzing the internal and external situations of an organization, a particular business strategy […]
Types of Economic Systems
Economic systems are frameworks for running economies. A particular economic system is provides a structure for production, distribution of goods and services, and allocation of […]
Factors Affecting Demand
Demand is a central concept in economics and the more specific subfield of macroeconomics. It signifies the desire and willingness of the consumer to own […]
Examples of Demand Shifters and their Effects
A demand curve is a graphical representation of the inverse relationship between the demand for a particular product and the movement or change in its […]