We remember Marx as a famous economist referring to his major work titled Das Kapital, or Capital. Marx promoted fundamental revolution in the economy. Hence, he is popularly associated with the economic systems of socialism and communism. What we must know that Marx was first…
Essays on Economic Theory
A CBA is a helpful method because it indicates whether a project or which project should be undertaken, the project’s objectives are framed appropriately, a prior and after measures can be developed so as the project can be successful and the required resources to perform…
A CBA depends on and requires the calculation of the costs of operations, the total profit or return and building a considered project over its functional life-time as well as the suggested time-stream of profits expected to accrue from the project. These timelines of costs/expense…
Most of us have all watched Sunday night football and gotten riled up about our favorite team missing a pass. Or maybe it’s a tradition to always watch hockey on Thursday with your friends and family. What we don’t get to see is the players’…
In this article, the authors mention “Five interlinked transformations” as the main driving force that is shaping the production of food agriculturally in Asia – urbanization, dietary diversification, evolved food supply chains, advanced agricultural-related markets, and the transition to machine-led farm technology. It also evaluates…
The advocates of the locavore movement can extend from being just concerned about the number of miles the food traveled to being involved into the ethical value of their food including the production process which emits the most greenhouse gas according to the chart in…
Children are taught to never accept anything from strangers, the same could be said about the idea of locavorism. Locavorism is the antithesis of buying food from the behemoth grocery outlets. To fully understand locavorism, one must know what’s locavore is. A locavore is a…
Consumers worldwide shop at chain supermarkets blindlessly purchase products that are being imported from other locations beyond a hundred-mile radius. The main complications from importing foods are the adulteration and the added chemicals that are found in produce to maintain freshness as well as carbon…
Materialism “I can tell you, as I’m sitting here dying, when you most need it, neither money nor power will give you the feeling you’re looking for, no matter how much of them you have.” (Pg. 125) “But giving to other people is what makes…
We are living in a world where it is more important to own an iPhone 11, than to have a plate of food in our homes. Lars Eighner and Anna Quindlen have both written personal essays about consumerism and materialism. In Eigner’s personal essay “On…
The Gap, Inc. is a worldwide apparel retail company. The company offers products for men, women, and children in the departments of apparel, accessories, and personal care. The company has 6 brands: Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City. Their apparels include…
What is Consumer Ethnocentrism? The more general concept of ethnocentrism stems from ethnocentrism of consumers. Ethnocentric individuals see their group as being superior to others. From their own perspective, they view other groups and decide to reject different groups and accept similar ones. Ethnocentrism of…
Introduction From first glance, American society during the mid-1900s was one of a new found creativity and pop culture. After the struggles of the Great Depression and World War II in the 1930s and 1940s, people in the U.S. found a relief in the new…
New Type of Culture Born in 1928, most of Andy Warhol’s adult life was spent during the years of an economic bomb and the growing cultural of mass production and consumerism. After World War II, the way production was conducted changed forever with faster and…
American’s have become so materialistic that they have lost touch with what really matters in life. Understanding why we think the more stuff we acquire, the happier we will be is truly puzzling. We work long hours to not only pay for the essential things…
