Category: Business Essay Examples
See our collection of business essay examples. These example essays are to help you understanding how to write essays on business-related topics. The word “business” can refer to a particular organization or to an entire market sector (for example: “the financial sector”) or to the sum of all economic activity (“the business sector“). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services. Also, see our list of business essay topics to find the one that interests you.
The meaning of economic development (ED) has broadened over time with the progress of the study of ED. One can claim that the study of ED may have originated in the writings of Adam Smith or the Classical School of Economics, but the subject as it is known …
An economic indicator is a relatively simple or straightforward variable that, on the basis of past experience, can act as a signal for changes in a set of other, often more complex variables in the economy. To some extent a single economic indicator can act as a “proxy” …
The agreement among countries or regions to establish links through the movement of goods, services, capital, and labor across borders is known as economic integration. Economic integration includes at the far end a truly global economy in which all countries share a common currency and agree to a …
Economic statistics is composed of two interrelated fields, those related to data collection and those to data analysis. In fact, economic statistics is differentiated from other fields of applied statistics due to its unique data collection methods, and because of the scope/scale of analysis. Most economic data is …
An economic union is the deepest form of economic integration between two or more countries that allows the free movement of capital, labor, and all goods and services. It also involves the harmonization and unification of social, fiscal, and monetary policies as well as labor market, regional development, …
Economies of scale refers to reduction in unit costs associated with producing large volumes of a product. Reductions in cost in this manner arise in a number of ways. First, by producing in volume, more of the fixed costs involved can be distributed over a larger number of …
Economies of scope refers to the cost savings and efficiencies generated by the joint production or distribution of final goods and services. Rather than specializing in a single product, a firm can promote its profitability as well as control some of its market risks by diversifying its product …
Located on the west coast of South America, sharing borders with Colombia and Peru, Ecuador has a population of 13.7 million. It was a part of the Inca Empire until the arrival of the Spanish in the 16th century. Ecuador gained its independence as a part of Gran …
An education allowance is broadly understood as a stipend or other payment made by public funds or from an employer to an employee undergoing training for a certain period, usually outside the normal place of work. More narrowly understood and as used here, it is a stipend or …
Protection of domestic industries from international competition is a common policy of many countries. Tariffs on imported goods (and services) are just one form, albeit the most common one, of such protection. A tariff of 10 percent (for example) allows domestic industry an “inefficiency cushion,” that is, it …
Egypt is situated in the northern region of Africa, bordering the international frontiers of the Mediterranean Sea to the north, Libya to the west, Sudan to the south, and the Red Sea to the east. It encompasses the Asian Sinai Peninsula and enjoys the rich flow of the …
Eléctricité de France (EDF) is an energy operator involved in the generation, distribution, and transmission of electrical energy. It operates globally to provide energy and services to 38.5 million customers. EDF mainly operates power plants (hydro, thermal, nuclear, and other renewable) and distribution systems. For the fiscal year …
Electronic commerce, or ecommerce (sometimes conducted by online “etailers”), is the selling of products and services online and through other electronic services. Since the 1990s, it has been a growing sector of the American economy, with significant impact both on the economy in general and on specific industries. …
Electronic Data Interchange (EDI) refers to the linking together of channel member information systems to provide real-time responses to communication between channel members. For example, a retailer’s computerized inventory management system is connected with and monitored by a wholesaler’s computerized inventory management system. Ordering of merchandise can then …
El Salvador is the smallest country in Central America, bordering the north Pacific Ocean between Guatemala and Honduras. The total land area is approximately 20,720 sq. km (about the size of the U.S. state of Massachusetts). According to estimates in June 2008, over 7 million people inhabit the …
A nation or group of nations can make trade with a particular country or countries difficult or impossible. The main types of trade restrictions are tariffs, quotas, embargoes, licensing requirements, standards, and subsidies. A trade embargo is a ban on trade with another country (called target country) or …
Emerging economies are generally known as the largest, wealthiest, and fastest-growing of the developing countries. Emerging economies are typically economies in transition, moving from a closed to an open economy, undergoing far-reaching economic reforms as they seek to integrate into the world economy. This transition, however, can be …
Emerging market is a loose term, one often used by people who are not entirely comfortable with it but have not found a useful substitute. What substitutes do exist tend to be highly specific and have criticisms of their own, like BRICs or Asian Tigers (or the various …
Emotion has various definitions. Some characteristics of emotions that are generally accepted are that they involve thought, appraisal, and judgments, a physical reaction, and an experience that is intentional. These characteristics indicate that emotions are both physical and cognitive. They help create meaning and action, and they are …
Employer–employee relations or employment relations replaced industrial relations as the study of the relationship between employers and employees, a relationship that may be affected by government and unions. The employer–employee relations field is comprised of industrial relations and human resource management (HRM). Recently more importance is given to …
