economics

Hence, just as a value network is characterized by a specific rank-ordering of product attributes valued by customers, it is also characterized by a specific cost structure required to provide the valued products and services.

With regards to the workings of the capital cycle, investors focus on current (and projected) future profitability but ignore changes in the industry’s asset base from which returns are generated.

economy. China is an investment-driven economy. The trade surplus is a residual result of investment-related policies that force up the savings rate to levels above the investment rate.

Companies that exploit our gameplaying compulsion will have an edge over those who don’t, so every company that wishes to compete must gamify in ever more addictive ways, even though in the long term this harms everyone. As such, gamification is not just a fad; it’s the fate of a digital capitalist society. Anything that can be turned into a game

This dollar downtrend has been a bit different than other recent ones, because normally a strong dollar puts pressure on asset prices while a weak dollar helps support them, and this weak dollar period (which is relative; it’s still strong on a longer-term chart and on a purchasing power parity basis) has occurred alongside a sell-off in U.S.

The equilibrium exchange rate is a concept that has generated a proliferation of theoretical and empirical research. It has its roots in seminal work that defines it as the exchange rate that is consistent with the simultaneous achievement of internal and external balance (Artus, 1977; Williamson, 1985). Internal balance is that level of economic

The Populations of Bread & Rice

Since a person consumes about 2,000 kca per

It is important to note at the outset that external surpluses or deficits need not be a problem and can be desirable to a degree. For instance, it is desirable for young or rapidly growing economies to finance part of their economic development with foreign capital. Conversely, older or less dynamic economies may need to save more and can obtain

a vast, middle-of-the-road array of mid-priced goods and services—is no longer competitive. No question, the constant disappointments, the repeated predictions of a turnaround that never seems to come, have reduced the credibility of Sears’ management in both the financial and merchandising communities.