Business advices

Business advices 2019-03-12T13:55:56+00:00

How people became the central focus of economics

By | October 3rd, 2017|Uncategorized|

When the subject of investment comes up in economics, it is often with hard, physical assets in mind. Companies talk of investing in factories, governments in infrastructure, and people in houses. But there is a softer, less tangible focus of investment that, in many cases, is more important: knowledge and skills. Companies try to cultivate these in their workforces, governments in their populations, and people in themselves. Economists use the concept of “human capital” to describe this kind of investment. The thinking is that just as spending on buildings or roads generates physical capital, so to investment in knowledge generates [...]

What’s behind the conflict between Google and Uber?

By | September 28th, 2017|Uncategorized|

Traveling in self-driving cars will, eventually, be a common occurrence in cities. The question is when. But a recent clash between Uber, the ride-hailing giant, and Alphabet, Google’s parent company, has cast some doubts on the future of self-driving technology and which company will profit from it. Waymo, Alphabet’s autonomous car unit, has sued Uber for the appropriation of trade secrets and patent infringement. The result of the lawsuit could have big implications both for companies and consumers. What is behind the dispute, and which firm is likely to win out?   The problem can be summed up in one [...]

Why do firms exist?

By | September 26th, 2017|Uncategorized|

The idea of the price mechanism is central to the study of economics. Market prices convey information about what people want to buy and what others want to sell. Adam Smith used the metaphor of the “invisible hand” to describe how the economy is governed by price signals. In 1937 a paper published by Ronald Coase, a British economist, pointed out a flaw in this view: it did not fit what goes on within firms. When an employee switches from one division to another, for instance, he does not do so in response to higher wages, but because he is [...]

The Top Nine Countries for Outsourcing Business

By | September 20th, 2017|Uncategorized|

1. India India is the most popular country for outsourcing. This is why it has become normal to hear someone who has an Indian accent, while you are attempting to activate your new iPhone. Companies across the world are reaching out to India because their culture is full of intelligent, efficient, and hard-working individuals. The only thing that is a real drawback is the country’s environment. The weakest side of this country is their political environment. The government is led by a president whom is independent of his legislature. Not to mention, the country has the second highest population in [...]

Ireland keeps the crown for fastest-growing EU economy

By | July 28th, 2017|Uncategorized|

Ireland's economy was the fastest-growing in the European Union for the third straight year during 2016, although by a narrower margin than previously. Figures released by the country's statistics agency showed gross domestic product was 5.2% higher than in 2015, having increased by 2.5% in the final three months of the year from the previous quarter. Ireland was one of five eurozone members to receive a bailout from the International Monetary Fund and the EU during the eurozone's government debt crisis, emerging from a three-year program of budget cuts in late 2013. Since then, it has boasted the strongest recovery, [...]

World Happiness Report 2017

By | June 2nd, 2017|Uncategorized|

Norway tops the global happiness rankings for 2017. Norway has jumped from 4th place in 2016 to 1st place this year, followed by Denmark, Iceland and Switzerland in a tightly packed bunch. All of the top four countries rank highly on all the main factors found to support happiness: caring, freedom, generosity, honesty, health, income and good governance. Their averages are so close that small changes can re-order the rankings from year to year. Norway moves to the top of the ranking despite weaker oil prices. It is sometimes said that Norway achieves and maintains its high happiness not because [...]

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